ACTIVE

COFIGESTION

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Financial year 2025 · closed on 31/12/2025

Net result

155,3 k €

-21.0% YoY

Gross margin

-39 k €

+31.8% YoY

Equity

15,3 M €

+1.0% YoY

What does COFIGESTION do?

COFIGESTION is a Public limited company incorporated in 2005. Its main activity is: Management consultancy activities. Its registered office is in Saint-Gilles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0872.827.279

Incorporation

30/03/2005

Legal form

Public limited company

Registered office

Rue de la Glacière 17
1060 Saint-Gilles · BruxellesSee on map

Contributed capital

4 732 800,00 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	-39 k €	+31.8%	-57,3 k €	-36.8%	-41,9 k €	-1281%	3,5 k €	+107%	-54,3 k €	+18.9%	-66,9 k €	-147%	142 k €	+260%	-88,6 k €	-68.5%	-52,6 k €	+15.6%	-62,3 k €	+23.2%	-81,1 k €	+9.8%	-90 k €	-175%	-32,8 k €	-126%	123,8 k €	+5.0%	117,9 k €	+83.5%	64,3 k €	-6.1%	68,4 k €	-33.8%	103,4 k €	+88.5%	54,8 k €	+184%	-65,5 k €
EBITDA	-55,8 k €	+25.7%	-75,1 k €	-24.5%	-60,3 k €	-545%	-9,4 k €	+87.7%	-75,9 k €	+7.8%	-82,3 k €	-168%	120,6 k €	+209%	-110,3 k €	-49.8%	-73,6 k €	+4.8%	-77,3 k €	+12.9%	-88,7 k €	+16.0%	-105,6 k €	-114%	-49,5 k €	-144%	113,5 k €	+3.1%	110,1 k €	+80.7%	60,9 k €	-8.3%	66,5 k €	-33.1%	99,3 k €	+85.4%	53,6 k €	+177%	-69,2 k €
Operating result	-55,8 k €	+34.7%	-85,5 k €	-10.7%	-77,2 k €	-175%	-28 k €	+68.2%	-88,1 k €	+7.6%	-95,3 k €	-189%	107,5 k €	+192%	-117 k €	-44.1%	-81,2 k €	+4.5%	-85 k €	+10.3%	-94,8 k €	+20.9%	-119,9 k €	-88.1%	-63,7 k €	-165%	97,5 k €	+6.7%	91,4 k €	+178%	-117,1 k €	-316%	54,2 k €	-37.9%	87,3 k €	+103%	43,1 k €	+154%	-79,4 k €
Net result	155,3 k €	-21.0%	196,5 k €	-29.0%	276,6 k €	+307%	-133,7 k €	-179%	169,8 k €	+4448%	3,7 k €	-98.9%	346 k €	+122%	155,6 k €	-64.1%	433,9 k €	-22.8%	562,2 k €	+56.8%	358,6 k €	-9.3%	395,4 k €	-72.7%	1,4 M €	+76.5%	820,7 k €	-35.4%	1,3 M €	+9.7%	1,2 M €	-10.1%	1,3 M €	+45.2%	887,2 k €	+5.3%	842,7 k €	+1171%	-78,6 k €
Balance sheet
Equity	15,3 M €	+1.0%	15,1 M €	+1.3%	14,9 M €	+1.9%	14,6 M €	-0.9%	14,8 M €	+1.2%	14,6 M €	+0.0%	14,6 M €	+2.4%	14,3 M €	+1.1%	14,1 M €	-20.2%	17,7 M €	+3.3%	17,1 M €	+2.1%	16,7 M €	+2.4%	16,4 M €	+9.7%	14,9 M €	+37.5%	10,8 M €	+13.3%	9,6 M €	-59.1%	23,4 M €	+5.8%	22,1 M €	+4.2%	21,2 M €	+4.1%	20,4 M €
Total assets	21,8 M €	-2.5%	22,4 M €	-26.3%	30,4 M €	+0.7%	30,2 M €	+2.3%	29,5 M €	+36.3%	21,6 M €	-48.9%	42,3 M €	+0.6%	42,1 M €	-13.8%	48,8 M €	+0.6%	48,5 M €	+14.6%	42,3 M €	+116%	19,6 M €	-1.9%	19,9 M €	-42.8%	34,9 M €	+13.3%	30,8 M €	+3.7%	29,7 M €	+1.3%	29,3 M €	+2.6%	28,6 M €	+28.3%	22,3 M €	+7.9%	20,6 M €
Cash	587,1 k €	+5.4%	556,9 k €	-18.4%	682,8 k €	-15.2%	805 k €	-4.9%	846,3 k €	-76.0%	3,5 M €	+86.0%	1,9 M €	+22.4%	1,5 M €	-12.8%	1,8 M €	+11.4%	1,6 M €	-18.6%	2 M €	-30.9%	2,8 M €	-60.6%	7,2 M €	+1249%	532,5 k €	+96.1%	271,5 k €	+244%	78,8 k €	-82.1%	441,6 k €	-23.6%	578,3 k €	+3988%	14,1 k €	+271%	3,8 k €
Debts	5,9 M €	-2.2%	6 M €	-59.2%	14,7 M €	+0.8%	14,5 M €	+7.2%	13,6 M €	+104%	6,7 M €	-75.4%	27 M €	-0.8%	27,2 M €	-20.5%	34,2 M €	+14.4%	29,9 M €	+22.3%	24,5 M €	+1132%	2 M €	-36.9%	3,1 M €	-83.9%	19,6 M €	-0.1%	19,6 M €	-1.2%	19,8 M €	+250%	5,7 M €	-10.0%	6,3 M €	+526%	1 M €	+332%	232,7 k €
Other
Workforce	–		–		–		–		–		–		0,2 ETP	0.0%	0,2 ETP	0.0%	0,2 ETP	+100%	0,1 ETP	0.0%	0,1 ETP	0.0%	0,1 ETP	-50.0%	0,2 ETP	+100%	0,1 ETP		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 27 ended

Active mandates

Carine Sebbag

Director · since 18 avril 2024 · until 18 avril 2030

Active

Maurice Tal

Director · since 18 avril 2024 · until 18 avril 2030

Active

Maxime Dahan

Director · since 18 avril 2024 · until 18 avril 2030

Active

Daniel Levy

Managing director · since 18 mai 2017 · until 18 avril 2030

Active

Ended mandates

Maurice Tal

Director · since 14 septembre 2021 · until 26 avril 2023

Ended

Maurice Tal

Director · since 14 septembre 2021

Ended

Maxime Dahan

Director · since 14 septembre 2021 · until 26 avril 2023

Ended

Maxime Dahan

Director · since 14 septembre 2021

Ended

At this address

Other companies at this address

Company	CBE no.
BATICHAM● Active	0864.182.502
COORDINATION MANAGEMENT TEAM● Active	0438.779.993
DECART● Active	0466.923.356
FRANSQUIN & CHAIBAN● Active	0429.932.902
REAL EST● Active	0472.569.449

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	28/08/2026	28/08/2025	01/08/2024	12/07/2023	28/06/2022	30/08/2021
General meeting	15/07/2026	25/06/2025	03/07/2024	11/07/2023	22/06/2022	27/08/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	15/07/2026	28/08/2026	French	PDF
Micro model	31/12/2024	25/06/2025	28/08/2025	French	PDF
Micro model	31/12/2023	03/07/2024	01/08/2024	French	PDF
Micro model	31/12/2022	11/07/2023	12/07/2023	French	PDF
Micro model	31/12/2021	22/06/2022	28/06/2022	French	PDF
Micro model	31/12/2020	27/08/2021	30/08/2021	French	PDF
Abridged model	31/12/2019	26/08/2020	09/10/2020	French	PDF
Abridged model	31/12/2018	06/08/2019	30/08/2019	French	PDF
Abridged model	31/12/2017	03/07/2018	10/08/2018	French	PDF
Abridged model	31/12/2016	14/06/2017	22/06/2017	French	PDF
Abridged model	31/12/2015	02/06/2016	03/06/2016	French	PDF
Abridged model	31/12/2014	28/04/2015	04/05/2015	French	PDF
Abridged model	31/12/2013	15/05/2014	16/05/2014	French	PDF
Abridged model	31/12/2012	17/05/2013	17/05/2013	French	PDF
Abridged model	31/12/2011	05/06/2012	06/06/2012	French	PDF
Abridged model	31/12/2010	29/06/2011	22/07/2011	French	PDF
Abridged model	31/12/2009	16/06/2010	21/06/2010	French	PDF
Abridged model	31/12/2008	21/05/2009	13/08/2009	French	PDF
Abridged model	31/12/2007	15/05/2008	25/06/2008	French	PDF
Abridged model	31/12/2006	29/06/2007	06/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 27 ended

Active mandates

Carine Sebbag

Director · since 18 avril 2024 · until 18 avril 2030

Active

Maurice Tal

Director · since 18 avril 2024 · until 18 avril 2030

Active

Maxime Dahan

Director · since 18 avril 2024 · until 18 avril 2030

Active

Daniel Levy

Managing director · since 18 mai 2017 · until 18 avril 2030

Active

Ended mandates

Maurice Tal

Director · since 14 septembre 2021 · until 26 avril 2023

Ended

Maurice Tal

Director · since 14 septembre 2021

Ended

Maxime Dahan

Director · since 14 septembre 2021 · until 26 avril 2023

Ended

Maxime Dahan

Director · since 14 septembre 2021

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates16/05/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS
PDF
Mandates12/06/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS
PDF
Mandates01/02/2022
DEMISSIONS, NOMINATIONS
PDF
Registered office02/10/2018
SIEGE SOCIAL
PDF
Capital / shares27/12/2017
CAPITAL, ACTIONS
PDF
Mandates12/07/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates09/11/2015
DEMISSIONS, NOMINATIONS
PDF
Capital / shares19/07/2012
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025155,3 k €↓
2024
Annual accounts 2024196,5 k €↓
2023
Annual accounts 2023276,6 k €↑
2022
Annual accounts 2022-133,7 k €↓
2021
Annual accounts 2021169,8 k €↑
2020
Annual accounts 20203,7 k €↓
2019
Annual accounts 2019346 k €↑
2018
Annual accounts 2018155,6 k €↓
2017
Annual accounts 2017433,9 k €↓
2016
Annual accounts 2016562,2 k €↑
2015
Annual accounts 2015358,6 k €↓
2014
Annual accounts 2014395,4 k €↓
2013
Annual accounts 20131,4 M €↑
2012
Annual accounts 2012820,7 k €↓
2011
Annual accounts 20111,3 M €↑
2010
Annual accounts 20101,2 M €↓
2009
Annual accounts 20091,3 M €↑
2008
Annual accounts 2008887,2 k €↑
2007
Annual accounts 2007842,7 k €↑
2006
Annual accounts 2006-78,6 k €
30/03/2005
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

COFIGESTION

Overview

What does COFIGESTION do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline