ACTIVE

COZELO

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Financial year 2026 · closed on 31/03/2026

Net result

28,6 k €

-7.6% YoY

Gross margin

48,1 k €

-19.1% YoY

Equity

154,5 k €

+0.6% YoY

What does COZELO do?

COZELO is a Private limited company incorporated in 2007. Its main activity is: Photographic activities. Its registered office is in Duffel.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0893.812.834

Incorporation

27/11/2007

Legal form

Private limited company

Registered office

Zandstraat 3
2570 Duffel · FlandreSee on map

Contributed capital

6 200,00 €

Latest accounts

31/03/2026

Activities (NACE)

74201Photographic activities· main 26200Manufacture of computers and peripheral equipment 26200Manufacture of computers and peripheral equipment 27900Manufacture of other electrical equipment 30310Manufacture of air and spacecraft and related machinery 46649Wholesale of machinery for the textile industry and of sewing and knitting machines+11

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2026		2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	48,1 k €	-19.1%	59,4 k €	+16.4%	51 k €	-25.3%	68,3 k €	-9.8%	75,7 k €	-9.0%	83,2 k €	-12.5%	95,1 k €	+70.0%	55,9 k €	-9.6%	61,9 k €	+31.2%	47,1 k €	+3.1%	45,7 k €	+0.9%	45,3 k €	-15.5%	53,6 k €	-15.0%	63,1 k €	+75.6%	35,9 k €	-33.4%	54 k €	+15.7%	46,7 k €	-36.3%	73,3 k €
EBITDA	46,8 k €	-20.2%	58,7 k €	+19.5%	49,1 k €	-27.2%	67,5 k €	+0.9%	66,9 k €	-18.7%	82,2 k €	-12.8%	94,3 k €	+70.0%	55,5 k €	-8.9%	60,8 k €	+50.8%	40,4 k €	-9.9%	44,8 k €	+1.7%	44 k €	-16.6%	52,8 k €	-15.3%	62,3 k €	+83.3%	34 k €	-36.2%	53,3 k €	+15.2%	46,3 k €	-35.7%	72 k €
Operating result	42,2 k €	-8.4%	46,1 k €	+33.9%	34,4 k €	-36.3%	54 k €	-3.4%	55,9 k €	-21.1%	70,9 k €	-14.8%	83,2 k €	+80.3%	46,2 k €	-5.6%	48,9 k €	+102%	24,3 k €	-0.5%	24,4 k €	+9.8%	22,2 k €	-39.1%	36,5 k €	-24.1%	48 k €	+114%	22,4 k €	-46.8%	42,1 k €	+15.5%	36,5 k €	-42.7%	63,6 k €
Net result	28,6 k €	-7.6%	31 k €	+26.8%	24,4 k €	-34.8%	37,5 k €	+3.9%	36,1 k €	-28.4%	50,4 k €	-9.2%	55,5 k €	+86.9%	29,7 k €	-3.3%	30,7 k €	+1425%	2 k €	-86.3%	14,7 k €	+7.1%	13,7 k €	-40.9%	23,1 k €	-22.9%	30 k €	+96.7%	15,2 k €	-43.3%	26,9 k €	+17.0%	23 k €	-42.8%	40,2 k €
Balance sheet
Equity	154,5 k €	+0.6%	153,6 k €	+11.8%	137,4 k €	+21.6%	113 k €	+19.9%	94,2 k €	+23.7%	76,2 k €	+49.6%	50,9 k €	+120%	23,2 k €	+182%	8,2 k €	-21.8%	10,5 k €	+23.7%	8,5 k €	+1.9%	8,3 k €	-3.7%	8,7 k €	+1.5%	8,5 k €	-0.2%	8,5 k €	-24.4%	11,3 k €	+20.3%	9,4 k €	-17.6%	11,4 k €
Total assets	199,2 k €	+12.0%	177,8 k €	+6.1%	167,6 k €	+0.7%	166,4 k €	+32.4%	125,7 k €	+3.1%	121,9 k €	+16.1%	105 k €	+59.7%	65,8 k €	+38.2%	47,6 k €	+22.2%	38,9 k €	-26.8%	53,2 k €	-8.2%	58 k €	+7.1%	54,1 k €	-12.8%	62,1 k €	+3.9%	59,8 k €	+36.6%	43,8 k €	+3.8%	42,2 k €	-27.2%	57,9 k €
Cash	59,1 k €	-28.9%	83 k €	+27.5%	65,1 k €	-18.3%	79,7 k €	+2.7%	77,6 k €	+20.5%	64,4 k €	+135%	27,4 k €	+76.3%	15,5 k €	-26.4%	21,1 k €	+1245%	1,6 k €	-75.9%	6,5 k €	+438%	1,2 k €	-92.3%	15,8 k €	-41.9%	27,1 k €	+11.9%	24,2 k €	+119%	11,1 k €	-20.1%	13,9 k €	+85.1%	7,5 k €
Debts	44,7 k €	+85.0%	24,2 k €	-19.9%	30,2 k €	-43.5%	53,4 k €	+69.9%	31,5 k €	-30.7%	45,4 k €	-16.1%	54,1 k €	+27.1%	42,6 k €	+8.1%	39,4 k €	+38.5%	28,4 k €	-36.4%	44,7 k €	-9.9%	49,6 k €	+9.2%	45,5 k €	-15.1%	53,6 k €	+4.5%	51,2 k €	+57.8%	32,5 k €	-1.0%	32,8 k €	-29.5%	46,5 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2026 · 2 active · 2 ended

Active mandates

Els Op De Beeck

Director

Active

Karel Cornelis

Director

Active

Ended mandates

Els Op de Beeck

Manager

Ended

Karel Cornelis

Manager

Ended

Annual accounts

Full financial information

	2026	2025	2024	2023	2022	2021
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/04/2025	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020
Closing of the financial year	31/03/2026	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	21/09/2026	22/09/2025	24/09/2024	20/09/2023	19/09/2022	01/10/2021
General meeting	19/09/2026	20/09/2025	21/09/2024	16/09/2023	17/09/2022	18/09/2021
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/03/2026	19/09/2026	21/09/2026	Dutch	PDF
Micro model	31/03/2025	20/09/2025	22/09/2025	Dutch	PDF
Micro model	31/03/2024	21/09/2024	24/09/2024	Dutch	PDF
Micro model	31/03/2023	16/09/2023	20/09/2023	Dutch	PDF
Micro model	31/03/2022	17/09/2022	19/09/2022	Dutch	PDF
Micro model	31/03/2021	18/09/2021	01/10/2021	Dutch	PDF
Micro model	31/03/2020	19/09/2020	29/09/2020	Dutch	PDF
Micro model	31/03/2019	21/09/2019	02/10/2019	Dutch	PDF
Micro model	31/03/2018	15/09/2018	26/09/2018	Dutch	PDF
Abridged model	31/03/2017	16/09/2017	28/09/2017	Dutch	PDF
Abridged model	31/03/2016	17/09/2016	23/09/2016	Dutch	PDF
Abridged model	31/03/2015	19/09/2015	25/09/2015	Dutch	PDF
Abridged model	31/03/2014	20/09/2014	30/09/2014	Dutch	PDF
Abridged model	31/03/2013	21/09/2013	23/09/2013	Dutch	PDF
Abridged model	31/03/2012	17/09/2012	28/09/2012	Dutch	PDF
Abridged model	31/03/2011	17/09/2011	23/09/2011	Dutch	PDF
Abridged model	31/03/2010	18/09/2010	27/09/2010	Dutch	PDF
Abridged model	31/03/2009	19/09/2009	29/09/2009	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 31/03/2026 · 2 active · 2 ended

Active mandates

Els Op De Beeck

Director

Active

Karel Cornelis

Director

Active

Ended mandates

Els Op de Beeck

Manager

Ended

Karel Cornelis

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other15/12/2025
DOEL
PDF
Mandates30/01/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
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

2026
Annual accounts 202628,6 k €↓
2025
Annual accounts 202531 k €↑
2024
Annual accounts 202424,4 k €↓
2023
Annual accounts 202337,5 k €↑
2022
Annual accounts 202236,1 k €↓
2021
Annual accounts 202150,4 k €↓
2020
Annual accounts 202055,5 k €↑
2019
Annual accounts 201929,7 k €↓
2018
Annual accounts 201830,7 k €↑
2017
Annual accounts 20172 k €↓
2016
Annual accounts 201614,7 k €↑
2015
Annual accounts 201513,7 k €↓
2014
Annual accounts 201423,1 k €↓
2013
Annual accounts 201330 k €↑
2012
Annual accounts 201215,2 k €↓
2011
Annual accounts 201126,9 k €↑
2010
Annual accounts 201023 k €↓
2009
Annual accounts 200940,2 k €
27/11/2007
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

COZELO

Overview

What does COZELO do?

Trend over 18 financial years

Indicative valuation

Board of directors

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