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 13 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
COBBACO from Gent, company number BE0415953321, closed financial year 2025 with a result of € 4,143 after tax. For that financial year COBBACO recorded a gross margin of € 26,688 and equity of € 189,658. Compared with financial year 2024, the result moved from € 7,550 to € 4,143. The company is profitable. 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 July 3, 2026.
€ 189,658
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 4,143
▼ 45% vs 2024
Profit after tax over the fiscal year.
€ 5,345
▼ 28% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 127,658.
Debts at end 2025
€ 75,000
Loans from banks and other lenders, long and short.
€ 9,003
▼ 2% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 28,937 | € 23,945 | € 29,656 | € 26,688 | ▼ 10% |
| Profit after taxes | € 10,298 | € 4,205 | € 7,550 | € 4,143 | ▼ 45% |
| Equity | € 173,760 | € 177,965 | € 185,514 | € 189,658 | ▲ 2% |
| Total debts | € 145,959 | € 148,255 | € 155,872 | € 161,423 | ▲ 4% |
| Cash | € 12,571 | € 10,784 | € 7,452 | € 5,345 | ▼ 28% |
| Land & buildings | € 144,177 | € 144,177 | € 144,177 | € 144,177 | |
| Retained profit | € 111,760 | € 115,965 | € 123,514 | € 127,658 | ▲ 3% |
| Bank debt | € 75,000 | € 75,000 | € 75,000 | € 75,000 | |
| Balance sheet total | € 319,719 | € 326,220 | € 341,387 | € 351,081 | ▲ 3% |
Key figures of COBBACO, 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 COBBACO?
What happened at COBBACO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 4,143 (▼ 45% vs 2024). Source: NBB ↗
- Ann Deslee became a director. NBB
- Michel Cobbaert became a director. NBB
- Jean-Paul Cobbaert became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 10,298 profit in 2022 to € 4,143 profit in 2025.
Paid € 11,925 in corporate taxes since 2022.
Best year ever: 2022, with € 10,298 profit.
Management
Behind COBBACO are Ann Deslee, Michel Cobbaert and Jean-Paul Cobbaert. The same people are also behind Cobby's and XERXES. Ann Deslee is also behind COBIMMO and Arcon Technics. Michel Cobbaert is also behind Make Your Own Spirit. Jean-Paul Cobbaert is also behind COBIMMO and Arcon Technics.
Directors
According to the 2025 annual accounts
since 2022
since 2022
since 2022
Establishments
Establishment units
Physical locations of this company
Industriepark-Drongen 13
9031 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0415.953.321
- VAT number
- BE 0415.953.321
- Registered office
- Industriepark-Drongen 13, 9031 Gent
- Names & denominations
- COBBACO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 24 December 1975
- Peppol
- Active · Active since 12 Dec 2025
- Activities · NACE
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