ACTIVE

COEXPAIR

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Financial year 2025 · Closed on 31/12/2025

Net result
362,3 k €
+378,3 %over 1 year
Gross margin
5,4 M €
+21,3 %over 1 year
Equity
2,3 M €
+16,5 %over 1 year
Workforce
30,8 ETP
+2,0 %over 1 year

Identity

Source · BCE/KBO

COEXPAIR is a Public limited company incorporated in 2006. Its main activity is: Engineering activities and related technical consultancy. Its registered office is in Namur. It employs on average 30,8 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0886.067.581
Incorporation
28/12/2006
Legal form
Public limited company
Registered office
Rue des Entrepreneurs(RH) 10
5020 Namur · WallonieSee on map
Contributed capital
215 035,00 €
Latest accounts
31/12/2025
Average workforce
30,8 ETP
Joint committees (1)
  • 209
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 19 financial years

20252024202320222021
Income statement
Gross margin5,4 M €4,5 M €4,9 M €6,7 M €2,4 M €
EBITDA2,5 M €1,6 M €2,5 M €4,5 M €113,6 k €
Operating result434,2 k €75,2 k €116 k €90 k €175,5 k €
Net result362,3 k €75,8 k €102 k €229 k €139,7 k €
Balance sheet
Equity2,3 M €2 M €1,9 M €1,8 M €1,7 M €
Total assets6,3 M €6,4 M €6,3 M €7,6 M €6,9 M €
Cash704,1 k €2,3 M €1,9 M €2,7 M €2,9 M €
Debts4 M €4,3 M €4,2 M €4,5 M €2,7 M €
Other
Workforce30,8 ETP30,2 ETP26,6 ETP25,3 ETP29,8 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 27 ended

Active mandates

André Bertin

Managing director · since 15 juin 2018

Active
Dimitrije Milovich

Director · since 15 juin 2018

Active
Jacques Bertin

Director · since 15 juin 2018

Active

Ended mandates

Dimitrije Milovich

Director · since 15 juin 2018 · until 21 juin 2024

Ended
Andé Paul François BERTIN

Managing director · since 05 décembre 2012 · until 05 décembre 2018

Ended
André Paul François BERTIN

Managing director · since 05 décembre 2012 · until 21 juin 2024

Ended
Armand LINKENS

Director · since 05 décembre 2012 · until 05 décembre 2018

Ended

Other companies at this address

Rue des Entrepreneurs(RH) 10 5020 Namur
CompanyCBE no.
166 Trait d'Union● Active
1033.546.876
COEXPAIR DYNAMICS● Active
0729.643.896
GROUPE COEXPAIR - CRESCUNT● Active
0844.961.753

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date31/08/202620/08/202516/10/202430/08/202327/07/202230/08/2021
General meeting19/06/202620/06/202521/06/202416/06/202327/06/202228/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202519/06/202631/08/2026FrenchPDF
Abridged model31/12/202420/06/202520/08/2025FrenchPDF
Abridged modelCorrection31/12/202321/06/202416/10/2024FrenchPDF
Abridged model31/12/202321/06/202431/08/2024FrenchPDF
Abridged model31/12/202216/06/202330/08/2023FrenchPDF
Abridged model31/12/202127/06/202227/07/2022FrenchPDF
Abridged model31/12/202028/06/202130/08/2021FrenchPDF
Abridged model31/12/201917/06/202031/08/2020FrenchPDF
Abridged model31/12/201821/06/201928/08/2019FrenchPDF
Abridged model31/12/201715/06/201824/08/2018FrenchPDF
Abridged model31/12/201623/06/201701/09/2017FrenchPDF
Abridged model31/12/201508/07/201614/07/2016FrenchPDF
Abridged model31/12/201430/06/201503/08/2015FrenchPDF
Abridged model31/12/201320/06/201427/08/2014FrenchPDF
Abridged model31/12/201231/07/201329/08/2013FrenchPDF
Abridged model31/12/201115/06/201229/08/2012FrenchPDF
Abridged model31/12/201030/08/201131/08/2011FrenchPDF
Abridged model31/12/200918/06/201019/07/2010FrenchPDF
Abridged model31/12/200828/08/200931/08/2009FrenchPDF
Abridged model31/12/200728/08/200829/08/2008FrenchPDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 27 ended

Active mandates

André Bertin

Managing director · since 15 juin 2018

Active
Dimitrije Milovich

Director · since 15 juin 2018

Active
Jacques Bertin

Director · since 15 juin 2018

Active

Ended mandates

Dimitrije Milovich

Director · since 15 juin 2018 · until 21 juin 2024

Ended
Andé Paul François BERTIN

Managing director · since 05 décembre 2012 · until 05 décembre 2018

Ended
André Paul François BERTIN

Managing director · since 05 décembre 2012 · until 21 juin 2024

Ended
Armand LINKENS

Director · since 05 décembre 2012 · until 05 décembre 2018

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates10/09/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates12/09/2018
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates16/04/2013
    SIEGE SOCIAL - ADRESSE AUTRE QUE SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates06/04/2007
    CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Other11/01/2007
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025362,3 k €↑
  2. 2024
    Annual accounts 202475,8 k €↓
  3. 2023
    Annual accounts 2023102 k €↓
  4. 2022
    Annual accounts 2022229 k €↑
  5. 2021
    Annual accounts 2021139,7 k €↓
  6. 2020
    Annual accounts 2020192,5 k €↑
  7. 2019
    Annual accounts 2019182,8 k €↓
  8. 2018
    Annual accounts 2018356,4 k €↑
  9. 2017
    Annual accounts 2017-60,5 k €↓
  10. 2016
    Annual accounts 2016151,8 k €↑
  11. 2015
    Annual accounts 201542,5 k €↓
  12. 2014
    Annual accounts 2014112,9 k €↑
  13. 2013
    Annual accounts 201392 k €↑
  14. 2012
    Annual accounts 201261,7 k €↓
  15. 2011
    Annual accounts 2011179,7 k €↑
  16. 2010
    Annual accounts 201058,4 k €↓
  17. 2009
    Annual accounts 2009116,9 k €↑
  18. 2008
    Annual accounts 200843,4 k €↑
  19. 2007
    Annual accounts 2007-27,2 k €
  20. 28/12/2006
    IncorporationPublic limited company