Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 15.7 to 12.8.
Financials
Financial year 2025
CO-TERRE from Herstal, company number BE0423184076, closed financial year 2025 with a result of € -72,212 after tax. For that financial year CO-TERRE recorded a gross margin of € 705,667 and equity of € 332,718. Compared with financial year 2024, the result moved from € 40,523 to € -72,212. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 24, 2026.
€ 332,718
▼ 18% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -72,212
▼ still € 40,523 profit in 2024
Profit after tax over the fiscal year.
€ 184,213
▼ 3% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 7,718.
People and assets in 2025
12.8
▼ 2.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 644,703
▼ 16% vs 2024
€ 50,400 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.
€ 166,697
▲ 19% vs 2024
Of which on lease € 143,791.
Debts at end 2025
€ 813,619
▼ 4% vs 2024
€ 114,934 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 309,302
▲ 24% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 124,688
▼ 23% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 700,944 | € 784,352 | € 954,208 | € 705,667 | ▼ 26% |
| Profit after taxes | € 65,530 | € 33,202 | € 40,523 | € -72,212 | ▼ € 112,735 |
| Equity | € 331,205 | € 364,406 | € 404,930 | € 332,718 | ▼ 18% |
| Total debts | € 367,022 | € 653,304 | € 1,259,777 | € 1,250,304 | ▼ 1% |
| Cash | € 186,069 | € 283,254 | € 189,109 | € 184,213 | ▼ 3% |
| Retained profit | € 6,205 | € 39,406 | € 79,930 | € 7,718 | ▼ 90% |
| Bank debt | € 67,306 | € 139,793 | € 848,120 | € 813,619 | ▼ 4% |
| Balance sheet total | € 698,226 | € 1,017,710 | € 1,664,706 | € 1,583,022 | ▼ 5% |
| Employees (FTE) | 13.4 | 15.7 | 15.5 | 12.8 | ▼ 2.7 |
Key figures of CO-TERRE, 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 CO-TERRE?
What happened at CO-TERRE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 72,212 (▼ € 112,735 vs 2024). filed late Source: NBB ↗
- Yves HODEIGE stepped down as director. NBB
- Lucas Lehance stepped down as director. NBB
- Didier FRANSOLET stepped down as director. NBB
- François MALAISE stepped down as director. NBB
- William WAUTERS stepped down as director. NBB
- Charles-Antoine Kervyn stepped down as director. NBB
- Yves HODEIGE became a director. NBB
In short
From € 65,530 profit in 2022 to € 72,212 loss in 2025.
Paid € 32,744 in corporate taxes since 2022.
Best year ever: 2022, with € 65,530 profit.
On average € 55,100 of value added per employee in 2025.
Management
The shares are held by GROUPE TERRE (100%), TERRE (0%) and FLEUR SERVICE SOCIAL (0%). It owns 100% of LES PLASTIQUES MANUFACTURES itself.
Directors
According to the 2025 annual accounts
Yves HODEIGE
Managing director
since 2020 · until 2026
Lucas Lehance
Director
since 2020 · until 2026
Didier FRANSOLET
Director
since 2020 · until 2026
since 2020 · until 2026
since 2020 · until 2026
since 2020 · until 2026
Shareholders
Participations
Establishments
Establishment units
Physical locations of this company
Prolongement de l'Abbaye 25
4040 Herstal
Rue Paul Henrard 10
6010 Charleroi
Active since 4 May 1990
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0423.184.076
- VAT number
- BE 0423.184.076
- Registered office
- Prolongement de l'Abbaye 25, 4040 Herstal
- Names & denominations
- CO-TERRE
- Enterprise type
- Rechtspersoon
- Legal form
- Cooperative company
- Legal situation
- Normale toestand
- Start date
- 19 November 1982
- Peppol
- Active · Active since 8 Jan 2026
- Activities · NACE
Schrijnwerk
Verspanend bewerken van metalen
Installatie van isolatie
Reparatie en onderhoud van machines
Detailhandel in tweedehandskleding
Groothandel in andere consumentenartikelen, neg
Isolatiewerkzaamheden