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 32 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
COPAGRO from Temse, company number BE0404891559, closed financial year 2025 with a result of € 110,258 after tax. For that financial year COPAGRO recorded revenue of € 37.9 million and equity of € 6.3 million. Compared with financial year 2024, the result moved from € -225,622 to € 110,258. 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 June 29, 2026.
€ 6.3 million
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 110,258
▲ still € 225,622 loss in 2024
Profit after tax over the fiscal year.
€ 294,994
▼ 42% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 110,258 paid out
100 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
39.7
▼ 2.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3.4 million
▼ 2% vs 2024
€ 85,800 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.
€ 214,358
▼ 38% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 5.7 million
▼ 3% vs 2024
€ 643,552 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 612,063
▼ 40% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 6 days on average.
€ 513,800
▼ 1% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 38,609,834 | € 39,659,098 | € 36,915,135 | € 37,880,725 | ▲ 3% |
| Profit after taxes | € 117,862 | € 117,862 | € -225,622 | € 110,258 | ▲ € 335,880 |
| Equity | € 6,623,438 | € 6,623,438 | € 6,112,665 | € 6,278,716 | ▲ 3% |
| Total debts | € 8,398,037 | € 8,613,849 | € 7,685,783 | € 7,944,234 | ▲ 3% |
| Cash | € 762,261 | € 389,526 | € 509,329 | € 294,994 | ▼ 42% |
| Land & buildings | € 5,605,504 | € 5,363,153 | € 4,922,951 | € 4,461,842 | ▼ 9% |
| Retained profit | € 688,979 | € 877,168 | € 839,734 | € 1,027,924 | ▲ 22% |
| Dividend | € 117,862 | € 117,862 | € 0 | € 110,258 | |
| Bank debt | € 4,965,891 | € 6,020,412 | € 5,907,749 | € 5,714,339 | ▼ 3% |
| Balance sheet total | € 15,702,359 | € 15,855,442 | € 14,353,873 | € 14,715,645 | ▲ 3% |
| Employees (FTE) | 39.7 | 41.7 | 42.2 | 39.7 | ▼ 2.5 |
Key figures of COPAGRO, 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 COPAGRO?
What happened at COPAGRO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Ann Biebuyck stepped down as director. NBB
- Cornelis Geerts stepped down as director. NBB
- Robert Bauwens stepped down as director. NBB
- François Tinel stepped down as director. NBB
- Laurent Houben stepped down as director. NBB
- Tom Nollekens stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 110,258. Source: NBB ↗
- Ann Biebuyck became a director. NBB
In short
From € 117,862 profit in 2022 to € 110,258 profit in 2025.
Paid € 611,348 in corporate taxes since 2022.
Best year ever: 2022, with € 117,862 profit.
Paid out € 345,982 in dividends to the owners in total.
Management
The stake of Miniox, VANDEWEEGE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
COPAGROThe shares are held by Miniox (3%) and VANDEWEEGE (3%). It owns 33.3% of Euro Espace Color EESVB itself.
Directors
According to the 2025 annual accounts
Cornelis Geerts
Director
since 2024 · until 2028
since 2024 · until 2028
since 2024 · until 2028
since 2024 · until 2028
Ann Biebuyck
Director
Also active at: SALAISONS DU HAINAUT, Q- FOOD, LUNCH GARDEN, VANDER ZIJPEN, Q-group, Q-food Ardenne, Lunch Garden Holding, Q-ENERGY +2 more
since 2025 · until 2029
since 2024 · until 2028
Shareholders
3%
3%
Participations
Euro Espace Color EESVB
33.3%
Establishments
Establishment units
Physical locations of this company
Pachtgoedstraat 1
9140 Temse
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0404.891.559
- VAT number
- BE 0404.891.559
- Registered office
- Pachtgoedstraat 1, 9140 Temse
- Names & denominations
- COPAGRO
- Enterprise type
- Rechtspersoon
- Legal form
- Cooperative company
- Legal situation
- Normale toestand
- Start date
- 30 May 1945
- Peppol
- Active · Active since 30 Oct 2025
- Activities · NACE
Groothandel in behang, verf en woningtextiel
Groothandel in verf, vernis en bouwmaterialen, inclusief sanitair
Groothandel in reinigingsmiddelen
Groothandel in behang en onderhoudsproducten