Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 19 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
17 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
COMPAGNIE BENELUX PARTICIPATIONS from Brussel, company number BE0403233750, closed financial year 2025 with a result of € 229.6 million after tax. For that financial year COMPAGNIE BENELUX PARTICIPATIONS recorded revenue of € 205,075 and equity of € 3.4 billion. Compared with financial year 2024, the result moved from € 19.2 million to € 229.6 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on May 19, 2026.
€ 3.4 billion
▲ 11% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 229.6 million
▲ € 210.4 million vs 2024
Profit after tax over the fiscal year.
€ 7.2 million
▼ 11% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 90.6 million paid out
39 % of the profit went to the shareholders, mostly to COBEHOLD (93 % of the shares). That is where the money ends up.
People and assets in 2025
30.5
▲ 0.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 8.7 million
▲ 7% vs 2024
€ 284,900 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 693,300
▼ 9% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 113.8 million
▼ 3% vs 2024
€ 338,194 is repaid this year. At this pace the long-term loan is gone in ≈ 182 years.
€ 3.9 million
▲ 147% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 114 days on average.
€ 4.5 million
▲ 30% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 4,943,540 | € 158,536 | € 128,584 | € 205,075 | ▲ 59% |
| Profit after taxes | € 357,817,581 | € 77,743,889 | € 19,204,596 | € 229,627,263 | ▲ € 210.4 million |
| Equity | € 3,179,139,497 | € 3,173,638,001 | € 3,103,987,114 | € 3,442,241,162 | ▲ 11% |
| Total debts | € 184,838,009 | € 206,955,590 | € 213,878,264 | € 214,855,661 | |
| Cash | € 53,860,030 | € 22,582,046 | € 8,088,696 | € 7,225,627 | ▼ 11% |
| Land & buildings | € 1 | € 1 | € 1 | € 1 | |
| Retained profit | € 2,524,422,009 | € 2,518,920,513 | € 2,449,269,626 | € 2,587,523,628 | ▲ 6% |
| Dividend | € 74,638,215 | € 82,237,742 | € 88,208,799 | € 90,591,756 | ▲ 3% |
| Bank debt | € 103,615,825 | € 117,563,361 | € 117,130,682 | € 113,811,051 | ▼ 3% |
| Balance sheet total | € 3,377,076,917 | € 3,393,614,200 | € 3,330,365,986 | € 3,669,597,432 | ▲ 10% |
| Employees (FTE) | 30.6 | 32.3 | 29.6 | 30.5 | ▲ 0.9 |
Key figures of COMPAGNIE BENELUX PARTICIPATIONS, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to COMPAGNIE BENELUX PARTICIPATIONS?
What happened at COMPAGNIE BENELUX PARTICIPATIONS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 229.6 million (▲ € 210.4 million vs 2024). Source: NBB ↗
- Start of the company according to the CBE. KBO
- New establishment in Brussel. KBO
In short
From € 357.8 million profit in 2022 to € 229.6 million profit in 2025.
Paid € 6.3 million in corporate taxes since 2022.
Best year ever: 2022, with € 357.8 million profit.
Paid out € 335.7 million in dividends to the owners in total.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of COBEHOLD comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
COMPAGNIE BENELUX PARTICIPATIONSBehind COMPAGNIE BENELUX PARTICIPATIONS is VOIR PAGE C 6.20 ADMINISTRATEURS :. The shares are held by COBEHOLD (93.4%). It owns 136.2% of CELESTINA HOLDCO, 132.7% of CCI ATHENA 2023, 123.3% of CCI ATHENA 2024, 111.9% of ITINERIS HOLDING, 103% of ASIA EMERGENCY ASSISTANCE HOLDINGS PTE and 100% of ULRAN itself.
Directors
According to the 2025 annual accounts
Shareholders
93.4%
Participations
136.2%
132.7%
123.3%
111.9%
ASIA EMERGENCY ASSISTANCE HOLDINGS PTE
103%
ULRAN
100%
100%
100%
100%
100%
COBEPA NORTH AMERICA
100%
COBEPA P.O BLOCKER CORP
100%
100%
COBE HL BLOCKER CORP
100%
COBEPA BROOKLYN Inc
95.8%
SSD PARTNERS
64.6%
56.5%
TALON TOPCO Inc (détenue via Talon Holdings et Talon Cobepa)
56.3%
WILLOW HOLDING
55.3%
CREALIS S.P.A
53%
48%
HESTIAFLOOR 1 SAS
42.3%
28.9%
27.9%
CCBLUE HOLDCO Inc., (détenue via Cobepa Bluesky Splitter SCSp, Cobepa Bluesky Aggregator SCSp et Bluesky BidCo SCSp)
NED TOPCO Inc (détenue via Ned Holdings SCSp et via Ned Cobepa SCSp)
ELLIS PARENT (détenue via Ellis G20 et Ellis Aggregator UK)
BLUESKY GP (détenue via Cobepa Bluesky Splitter SCSp et Cobepa Bluesky Aggregator SCSp)
Establishments
Establishment units
Physical locations of this company
Kanselarijstraat 2 box 1
1000 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 17 companies are registered at this address.
All companies at this address →SOCIETE ANONYME MOSANE same network
€ -9,754 gross margin · 2025
COBID same network
€ -6,760 gross margin · 2025
COBIC
€ 7,320 gross margin · 2025
IBEL same network
€ -22,250 gross margin · 2025
COBIA same network
€ -6,760 gross margin · 2025
+12 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0403.233.750
- VAT number
- BE 0403.233.750
- Registered office
- Kanselarijstraat 2 bus 1, 1000 Brussel
- Names & denominations
- COMPAGNIE BENELUX PARTICIPATIONS · Cobepa
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 4 December 1957
- Peppol
- Active · Active since 5 Aug 2025
- Activities · NACE
Activiteiten van holdings
Portefeuillemaatschappijen
Holdings