What does COATINC NINOVE do?

COATINC NINOVE is a metalworking company in Ninove. Public Limited, started on 10 November 1982, 1 establishment.

What is the address of COATINC NINOVE?

The registered office of COATINC NINOVE is located at Pamelstraat-Oost 500, 9400 Ninove.

Is COATINC NINOVE still active?

Yes. According to the CBE (29 October 2026) COATINC NINOVE is active, legal situation “Normale toestand”, started on 10 November 1982.

Is COATINC NINOVE registered on Peppol?

Yes, COATINC NINOVE is registered on the Peppol network with ID 0208:0423584152.

What is the enterprise number of COATINC NINOVE?

The enterprise number of COATINC NINOVE is BE0423584152.

When was COATINC NINOVE founded?

COATINC NINOVE was founded on 10 November 1982.

Who are the directors of COATINC NINOVE?

According to the 2025 annual accounts, the directors of COATINC NINOVE are: Management & Advies Ten Berg BV, Richard, Anthony Van Hezel, Management & Advies Dupont-Thiry BV.

Is COATINC NINOVE a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 10 November 1982; 5 annual accounts filed, latest fiscal year 2025; 3 directors known from the annual account.

How much profit did COATINC NINOVE make in 2025?

COATINC NINOVE posted a profit after taxes of € 474,019 in financial year 2025.

What is the revenue of COATINC NINOVE?

In its most recent annual accounts (2025), COATINC NINOVE reported revenue of € 20,197,742.

How much does an employee at COATINC NINOVE earn?

The average wage cost per full-time employee at COATINC NINOVE was € 63,300 in 2025: staff costs of € 6.1 million for 96.2 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does COATINC NINOVE have?

According to the 2025 annual accounts, COATINC NINOVE has 96.2 full-time equivalents (FTE).

COATINC NINOVE (Public Limited) - Ninove - BE0423584152

Dossier COATINC NINOVE, printed on 29 October 2026 from databakkes.be/en/0423584152/coatinc-ninove. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

COATINC NINOVE from Ninove, company number BE0423584152, closed financial year 2025 with a result of € 474,019 after tax. For that financial year COATINC NINOVE recorded revenue of € 20.2 million and equity of € 7.3 million. Compared with financial year 2024, the result moved from € 200,901 to € 474,019. 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 11, 2026.

What it is worth Growing

€ 7.3 million

▲ 7% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 474,019

▲ 136% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 101,071

▼ 67% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 1.3 million.

People and assets in 2025

Full-time equivalents

96.2

▲ 3.3 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 7.1 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 6.1 million

▲ 12% vs 2024

€ 63,300 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.

Vehicles and equipment

€ 42,771

▼ 41% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 3 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 1.7 million

▼ 20% vs 2024

€ 289,781 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.

Owed to suppliers

€ 1.4 million

▲ 19% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 39 days on average.

Taxes and wages

€ 1.1 million

▲ 26% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 15,270,974 Revenue 2022: € 15,270,974 First fiscal year in the series	€ 15,959,359 Revenue 2023: € 15,959,359 ▲ 5% vs 2022 (€ 15,270,974) Favourable step	€ 16,887,536 Revenue 2024: € 16,887,536 ▲ 6% vs 2023 (€ 15,959,359) Favourable step	€ 20,197,742 Revenue 2025: € 20,197,742 ▲ 20% vs 2024 (€ 16,887,536) Favourable step	▲ 20%
Profit after taxes	€ 400,431 Profit after taxes 2022: € 400,431 First fiscal year in the series	€ 452,001 Profit after taxes 2023: € 452,001 ▲ 13% vs 2022 (€ 400,431) Favourable step	€ 200,901 Profit after taxes 2024: € 200,901 ▼ 56% vs 2023 (€ 452,001) Unfavourable step	€ 474,019 Profit after taxes 2025: € 474,019 ▲ 136% vs 2024 (€ 200,901) Favourable step	▲ 136%
Equity	€ 6,174,861 Equity 2022: € 6,174,861 First fiscal year in the series	€ 6,197,862 Equity 2023: € 6,197,862 Unchanged (€ 6,174,861) Favourable step	€ 6,827,765 Equity 2024: € 6,827,765 ▲ 10% vs 2023 (€ 6,197,862) Favourable step	€ 7,301,783 Equity 2025: € 7,301,783 ▲ 7% vs 2024 (€ 6,827,765) Favourable step	▲ 7%
Total debts	€ 4,734,720 Total debts 2022: € 4,734,720 First fiscal year in the series	€ 4,485,800 Total debts 2023: € 4,485,800 ▼ 5% vs 2022 (€ 4,734,720) Favourable step	€ 4,987,595 Total debts 2024: € 4,987,595 ▲ 11% vs 2023 (€ 4,485,800) Unfavourable step	€ 5,122,948 Total debts 2025: € 5,122,948 ▲ 3% vs 2024 (€ 4,987,595) Unfavourable step	▲ 3%
Cash	€ 1,838,099 Cash 2022: € 1,838,099 First fiscal year in the series	€ 565,979 Cash 2023: € 565,979 ▼ 69% vs 2022 (€ 1,838,099) Unfavourable step	€ 302,821 Cash 2024: € 302,821 ▼ 46% vs 2023 (€ 565,979) Unfavourable step	€ 101,071 Cash 2025: € 101,071 ▼ 67% vs 2024 (€ 302,821) Unfavourable step	▼ 67%
Land & buildings	€ 1,569,576 Land & buildings 2022: € 1,569,576 First fiscal year in the series	€ 1,436,782 Land & buildings 2023: € 1,436,782 ▼ 8% vs 2022 (€ 1,569,576) Unchanged	€ 1,948,000 Land & buildings 2024: € 1,948,000 ▲ 36% vs 2023 (€ 1,436,782) Unchanged	€ 1,880,262 Land & buildings 2025: € 1,880,262 ▼ 3% vs 2024 (€ 1,948,000) Unchanged	▼ 3%
Retained profit	€ 173,850 Retained profit 2022: € 173,850 First fiscal year in the series	€ 196,851 Retained profit 2023: € 196,851 ▲ 13% vs 2022 (€ 173,850) Favourable step	€ 826,754 Retained profit 2024: € 826,754 ▲ € 629,902 vs 2023 (€ 196,851) Favourable step	€ 1,300,772 Retained profit 2025: € 1,300,772 ▲ 57% vs 2024 (€ 826,754) Favourable step	▲ 57%
Dividend	€ 380,409 Dividend 2022: € 380,409 First fiscal year in the series	€ 429,000 Dividend 2023: € 429,000 ▲ 13% vs 2022 (€ 380,409) Unchanged	€ 0 Dividend 2024: € 0 ▼ 100% vs 2023 (€ 429,000) Unchanged	€ 0 Dividend 2025: € 0 Unchanged (€ 0) Unchanged
Bank debt	€ 1,702,591 Bank debt 2022: € 1,702,591 First fiscal year in the series	€ 1,424,208 Bank debt 2023: € 1,424,208 ▼ 16% vs 2022 (€ 1,702,591) Favourable step	€ 2,142,077 Bank debt 2024: € 2,142,077 ▲ 50% vs 2023 (€ 1,424,208) Unfavourable step	€ 1,703,595 Bank debt 2025: € 1,703,595 ▼ 20% vs 2024 (€ 2,142,077) Favourable step	▼ 20%
Balance sheet total	€ 10,913,139 Balance sheet total 2022: € 10,913,139 First fiscal year in the series	€ 10,683,662 Balance sheet total 2023: € 10,683,662 ▼ 2% vs 2022 (€ 10,913,139) Unchanged	€ 11,815,359 Balance sheet total 2024: € 11,815,359 ▲ 11% vs 2023 (€ 10,683,662) Unchanged	€ 12,449,731 Balance sheet total 2025: € 12,449,731 ▲ 5% vs 2024 (€ 11,815,359) Unchanged	▲ 5%
Employees (FTE)	79.2 Employees (FTE) 2022: 79.2 First fiscal year in the series	78.7 Employees (FTE) 2023: 78.7 ▼ 0.5 vs 2022 (79.2) Unchanged	92.9 Employees (FTE) 2024: 92.9 ▲ 14.2 vs 2023 (78.7) Unchanged	96.2 Employees (FTE) 2025: 96.2 ▲ 3.3 vs 2024 (92.9) Unchanged	▲ 3.3

Key figures of COATINC NINOVE, 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 COATINC NINOVE?

What happened at COATINC NINOVE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2027 Management & Advies Ten Berg BV stepped down as director. NBB
2027 Richard, Anthony Van Hezel stepped down as director. NBB
2027 Management & Advies Dupont-Thiry BV stepped down as director. NBB
Jun 11, 2026 New annual accounts for financial year 2025: profit of € 474,019 (▲ 136% vs 2024). Source: NBB ↗
2023 Management & Advies Ten Berg BV became a director. NBB
2023 Richard, Anthony Van Hezel became a director. NBB
2023 Management & Advies Dupont-Thiry BV became a director. NBB
Nov 10, 1982 Start of the company according to the CBE. KBO

In short

From € 400,431 profit in 2022 to € 474,019 profit in 2025.

Paid € 427,330 in corporate taxes since 2022.

Best year ever: 2025, with € 474,019 profit.

Paid out € 809,409 in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

COATINC NINOVE

Coatinc Ninocoat 100%

Coatinc Lenssen 60%

VL Power 15%

It owns 100% of Coatinc Ninocoat, 60% of Coatinc Lenssen and 15% of VL Power itself.

Directors

According to the 2025 annual accounts

Management & Advies Ten Berg BV

Managing director · represented by Miclotte Marc

Also active at: COATINC LENSSEN, COATINC NINOCOAT

since 2023 · until 2027

Richard, Anthony Van Hezel

Director

Also active at: COATINC NINOCOAT

since 2023 · until 2027

Management & Advies Dupont-Thiry BV

Chairman of the board · represented by Philippe Dupont

Also active at: COATINC LENSSEN, COATINC NINOCOAT

since 2023 · until 2027

Establishments

Establishment units

Physical locations of this company

Registered office

Pamelstraat-Oost 500

9400 Ninove

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.

All companies at this address →

COATINC NINOCOAT same network

€ 1.7 million revenue · 2025

Nedcoat België

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0423.584.152

VAT number

BE 0423.584.152

Registered office

Pamelstraat-Oost 500, 9400 Ninove

Names & denominations

COATINC NINOVE

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

10 November 1982

Peppol

Active · Active since 19 Dec 2025

Activities · NACE

Coating van metalen

Oppervlaktebehandeling en bekleding van metaal

Verspanend bewerken van metalen

Algemene metaalbewerking

Oppervlaktebehandeling van metalen

View on CBE Public ↗ Annual accounts (NBB) ↗

COATINC NINOVE

Financials

What happened to COATINC NINOVE?

Management

Directors

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions