ACTIVE

KOCKADO

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Financial year 2025 · closed on 31/12/2025

Net result

60,8 k €

+20.5% YoY

Gross margin

570,9 k €

+5.2% YoY

Equity

395,3 k €

-2.3% YoY

Workforce

9,6 ETP

-3.0% YoY

What does KOCKADO do?

KOCKADO is a Private limited company incorporated in 2007. Its main activity is: Retail sale of bread, cakes, flour confectionery and sugar confectionery in specialised stores. Its registered office is in Raeren. It employs on average 9,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0890.181.866

Incorporation

15/06/2007

Legal form

Private limited company

Registered office

Raerener Strasse 22
4731 Raeren · WallonieSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

9,6 ETP

Activities (NACE)

47241Retail sale of bread, cakes, flour confectionery and sugar confectionery in specialised stores· main 47241Retail sale of bread, cakes, flour confectionery and sugar confectionery in specialised stores 52240Cargo handling 47252Retail sale of beverages in specialised stores 47252Retail sale of beverages in specialised stores 47260Retail sale of tobacco products in specialised stores+3

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	570,9 k €	+5.2%	542,7 k €	+7.4%	505,3 k €	+16.6%	433,2 k €	+15.7%	374,3 k €	+21.8%	307,2 k €	-20.1%	384,4 k €	-2.7%	395,1 k €	+2.4%	385,9 k €	+12.3%	343,6 k €	+20.0%	286,3 k €	-0.3%	287,1 k €	-0.7%	289,3 k €	+3.1%	280,6 k €	+2.4%	273,9 k €	+20.4%	227,4 k €	+63.2%	139,4 k €	+2908%	-5 k €	-65.0%	-3 k €
EBITDA	131,2 k €	+13.1%	116 k €	+6.2%	109,2 k €	+20.1%	91 k €	-8.3%	99,2 k €	+21.5%	81,7 k €	+16.3%	70,2 k €	-19.6%	87,3 k €	+12.2%	77,8 k €	-22.1%	99,9 k €	+34.8%	74,1 k €	-5.3%	78,3 k €	-18.3%	95,8 k €	+22.0%	78,5 k €	-19.3%	97,3 k €	+19.2%	81,6 k €	+130%	35,4 k €	+814%	-5 k €	-65.0%	-3 k €
Operating result	95,1 k €	+15.8%	82,1 k €	+7.8%	76,2 k €	+25.3%	60,8 k €	-15.1%	71,6 k €	+31.1%	54,6 k €	+26.3%	43,3 k €	-3.8%	45 k €	+18.4%	38 k €	-39.9%	63,2 k €	+71.8%	36,8 k €	-11.6%	41,6 k €	-24.2%	54,9 k €	+45.9%	37,6 k €	-33.3%	56,4 k €	+38.5%	40,7 k €	+857%	-5,4 k €	+33.9%	-8,1 k €	-171%	-3 k €
Net result	60,8 k €	+20.5%	50,4 k €	+11.5%	45,2 k €	+30.1%	34,8 k €	-26.7%	47,4 k €	+23.7%	38,3 k €	+37.4%	27,9 k €	-0.1%	27,9 k €	+43.2%	19,5 k €	-46.3%	36,3 k €	+114%	17 k €	-26.8%	23,2 k €	-32.6%	34,4 k €	+59.9%	21,5 k €	-38.0%	34,7 k €	+28.4%	27 k €	+435%	-8,1 k €	-104%	195 k €	-1.4%	197,8 k €
Balance sheet
Equity	395,3 k €	-2.3%	404,5 k €	+14.2%	354,1 k €	+14.6%	308,8 k €	+12.7%	274,1 k €	+4.3%	262,7 k €	+17.1%	224,3 k €	+3.6%	216,5 k €	-22.3%	278,5 k €	+7.5%	259 k €	+16.3%	222,7 k €	+8.2%	205,8 k €	+122%	92,6 k €	-64.6%	261,2 k €	+6.7%	244,8 k €	+11.2%	220,1 k €	+14.0%	193,1 k €	-4.0%	201,2 k €	-1.4%	204 k €
Total assets	587,9 k €	+8.1%	544 k €	+1.7%	534,7 k €	+5.4%	507,3 k €	+4.5%	485,4 k €	+6.9%	454,3 k €	-15.4%	536,9 k €	+10.5%	486,1 k €	-5.0%	511,5 k €	-2.4%	524,4 k €	-2.3%	537 k €	+6.5%	504,1 k €	-19.2%	623,6 k €	-2.3%	638,5 k €	-1.0%	645,2 k €	+1.6%	635,1 k €	-0.9%	641,1 k €	+195%	217 k €	+6.3%	204,1 k €
Cash	61,1 k €	-20.4%	76,7 k €	-67.3%	234,5 k €	+29.4%	181,2 k €	-2.6%	186 k €	+33.5%	139,3 k €	-28.5%	194,7 k €	+40.0%	139,1 k €	+1.2%	137,4 k €	-33.9%	207,9 k €	+12.6%	184,6 k €	+56.1%	118,3 k €	-18.8%	145,7 k €	+37.7%	105,7 k €	+26.3%	83,7 k €	-10.1%	93,2 k €	+95.5%	47,7 k €	+315%	11,5 k €	+297%	2,9 k €
Debts	192,7 k €	+38.1%	139,5 k €	-22.8%	180,7 k €	-9.0%	198,5 k €	-6.1%	211,3 k €	+10.3%	191,6 k €	-38.7%	312,6 k €	+15.9%	269,6 k €	+15.7%	233 k €	-12.2%	265,3 k €	-15.6%	314,2 k €	+5.3%	298,4 k €	-43.8%	531 k €	+40.8%	377,2 k €	-5.8%	400,4 k €	-3.5%	415 k €	-7.4%	448 k €	+2734%	15,8 k €	+16896%	93 €
Other
Workforce	9,6 ETP	-3.0%	9,9 ETP	+4.2%	9,5 ETP	+3.3%	9,2 ETP	+4.5%	8,8 ETP	0.0%	8,8 ETP	-4.3%	9,2 ETP	+1.1%	9,1 ETP	-15.7%	10,8 ETP	-0.9%	10,9 ETP	+13.5%	9,6 ETP	+7.9%	8,9 ETP	-7.3%	9,6 ETP	-1.0%	9,7 ETP	-19.2%	12,0 ETP	+23.7%	9,7 ETP	+59.0%	6,1 ETP		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 9 ended

Active mandates

Alexander KOCKARTZ

Director · since 05 décembre 2008

Active

Verena DOUM

Director · since 15 juin 2007

Active

Ended mandates

Alexander KOCKARTZ

Manager · since 09 décembre 2008

Ended

Alexander KOCKARTZ

Manager · since 05 décembre 2008

Ended

Alexander Kockartz

Manager · since 19 juin 2007

Ended

Verena Doum

Manager · since 19 juin 2007

Ended

At this address

Other companies at this address

Company	CBE no.
D.H.● Active	0427.868.285
DISTRIPAT● Active	0844.011.054
VEDOCO● Active	0426.180.584

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	30/06/2026	17/07/2025	10/07/2024	11/08/2023	04/07/2022	13/07/2021
General meeting	26/06/2026	27/06/2025	28/06/2024	30/06/2023	24/06/2022	25/06/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	26/06/2026	30/06/2026	French	PDF
Abridged model	31/12/2024	27/06/2025	17/07/2025	French	PDF
Abridged model	31/12/2023	28/06/2024	10/07/2024	French	PDF
Abridged model	31/12/2022	30/06/2023	11/08/2023	French	PDF
Abridged model	31/12/2021	24/06/2022	04/07/2022	French	PDF
Abridged model	31/12/2020	25/06/2021	13/07/2021	French	PDF
Abridged model	31/12/2019	26/06/2020	26/06/2020	French	PDF
Abridged model	31/12/2018	28/06/2019	04/07/2019	French	PDF
Abridged model	31/12/2017	29/06/2018	02/07/2018	French	PDF
Abridged model	31/12/2016	30/06/2017	05/07/2017	French	PDF
Abridged model	31/12/2015	24/06/2016	12/07/2016	German	PDF
Abridged model	31/12/2014	26/06/2015	22/07/2015	German	PDF
Abridged model	31/12/2013	27/06/2014	24/07/2014	German	PDF
Abridged model	31/12/2012	28/06/2013	25/09/2013	German	PDF
Abridged model	31/12/2011	29/06/2012	22/08/2012	German	PDF
Abridged model	31/12/2010	24/06/2011	28/06/2011	German	PDF
Abridged model	31/12/2009	25/06/2010	06/07/2010	German	PDF
Abridged model	31/12/2008	26/06/2009	20/08/2009	German	PDF
Abridged model	31/12/2007	27/06/2008	08/07/2008	German	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 2 active · 9 ended

Active mandates

Alexander KOCKARTZ

Director · since 05 décembre 2008

Active

Verena DOUM

Director · since 15 juin 2007

Active

Ended mandates

Alexander KOCKARTZ

Manager · since 09 décembre 2008

Ended

Alexander KOCKARTZ

Manager · since 05 décembre 2008

Ended

Alexander Kockartz

Manager · since 19 juin 2007

Ended

Verena Doum

Manager · since 19 juin 2007

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates10/12/2021
KAPITAL - AKTIEN - ENTLASSUNG - ERNENNUNG - SATZUNGEN (UEBERSETZUNG, KOORDINATION, ANDERE AENDERUNGEN, )
PDF
Capital / shares13/06/2018
KAPITAL - AKTIEN
PDF
Capital / shares22/04/2014
KAPITAL - AKTIEN
PDF
Registered office13/03/2013
SIEGE SOCIAL
PDF
Registered office24/03/2009
GESELLSCHAFTSSITZ
PDF
Mandates17/12/2008
ENTLASSUNG - ERNENNUNG
PDF
Other28/06/2007
RUBRIK GRUENDUNG (NEUE RECHTSPERSON, EROEFFNUNG FILIALE, USW)
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 202560,8 k €↑
2024
Annual accounts 202450,4 k €↑
2023
Annual accounts 202345,2 k €↑
2022
Annual accounts 202234,8 k €↓
2021
Annual accounts 202147,4 k €↑
2020
Annual accounts 202038,3 k €↑
2019
Annual accounts 201927,9 k €↓
2018
Annual accounts 201827,9 k €↑
2017
Annual accounts 201719,5 k €↓
2016
Annual accounts 201636,3 k €↑
2015
Annual accounts 201517 k €↓
2014
Annual accounts 201423,2 k €↓
2013
Annual accounts 201334,4 k €↑
2012
Annual accounts 201221,5 k €↓
2011
Annual accounts 201134,7 k €↑
2010
Annual accounts 201027 k €↑
2009
Annual accounts 2009-8,1 k €↓
2008
Annual accounts 2008195 k €↓
2007
Annual accounts 2007197,8 k €
15/06/2007
IncorporationPrivate 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

KOCKADO

Overview

What does KOCKADO do?

Trend over 19 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