What does COFABEL do?

COFABEL is a repair and maintenance company in Kruisem. Private Limited, started on 22 September 1983, 11 establishments.

What is the address of COFABEL?

The registered office of COFABEL is located at Olsensesteenweg(KRU) 67A, 9770 Kruisem.

Is COFABEL still active?

Yes. According to the CBE (29 October 2026) COFABEL is active, legal situation “Normale toestand”, started on 22 September 1983.

Is COFABEL registered on Peppol?

Yes, COFABEL is registered on the Peppol network with ID 0208:0424852080.

What is the enterprise number of COFABEL?

The enterprise number of COFABEL is BE0424852080.

When was COFABEL founded?

COFABEL was founded on 22 September 1983.

Who are the directors of COFABEL?

According to the 2025 annual accounts, the directors of COFABEL are: Luc Sterckx, Arvesta Belgium BV, Agri Invest BV.

Is COFABEL a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 22 September 1983; 5 annual accounts filed, latest fiscal year 2025; 3 directors known from the annual account; 11 establishments in the CBE.

How much profit did COFABEL make in 2025?

COFABEL recorded a loss after taxes of € 4,649,012 in financial year 2025.

What is the revenue of COFABEL?

In its most recent annual accounts (2025), COFABEL reported revenue of € 38,877,524.

How much does an employee at COFABEL earn?

The average wage cost per full-time employee at COFABEL was € 78,300 in 2025: staff costs of € 5.5 million for 69.6 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does COFABEL have?

According to the 2025 annual accounts, COFABEL has 69.6 full-time equivalents (FTE).

COFABEL (Private Limited) - Kruisem - BE0424852080

Dossier COFABEL, printed on 29 October 2026 from databakkes.be/en/0424852080/cofabel. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Two loss years in a row NBB

Negative result in 2024 and 2025.
Tight liquidity NBB

Cash and receivables cover 25 % of short-term debt in 2025; threshold 65 %.
Figures corrected NBB

Corrected annual account filed for 2024.

Financials

Financial year 2025

COFABEL from Kruisem, company number BE0424852080, closed financial year 2025 with a result of € -4.6 million after tax. For that financial year COFABEL recorded revenue of € 38.9 million and equity of € 1.6 million. Compared with financial year 2024, the result moved from € -4.9 million to € -4.6 million. The company made a loss. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on May 22, 2026.

What it is worth Growing

€ 1.6 million

▲ € 3.4 million vs 2024

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

Loss Caution

€ -4.6 million

▲ 5 % less loss than in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 352,289

▲ € 340,109 vs 2024

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

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € -9.6 million.

People and assets in 2025

Full-time equivalents

69.6

▲ 6.4 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: € 4.4 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 5.5 million

▲ 30% vs 2024

€ 78,300 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

€ 1.1 million

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt

€ 23.7 million

▲ 1% vs 2024

Loans from banks and other lenders, long and short.

Owed to suppliers

€ 3.6 million

▲ 35% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 34 days on average.

Taxes and wages

€ 1 million

▲ 17% 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	€ 6,896,113 Revenue 2022: € 6,896,113 First fiscal year in the series	€ 10,554,328 Revenue 2023: € 10,554,328 ▲ 53% vs 2022 (€ 6,896,113) Favourable step	€ 39,011,177 Revenue 2024: € 39,011,177 ▲ 270% vs 2023 (€ 10,554,328) Favourable step	€ 38,877,524 Revenue 2025: € 38,877,524 Unchanged (€ 39,011,177) Unfavourable step
Profit after taxes	€ -1,141,562 Profit after taxes 2022: € -1,141,562 First fiscal year in the series	€ -1,960,545 Profit after taxes 2023: € -1,960,545 ▼ € 818,983 vs 2022 (€ -1,141,562) Unfavourable step	€ -4,906,053 Profit after taxes 2024: € -4,906,053 ▼ € 2.9 million vs 2023 (€ -1,960,545) Unfavourable step	€ -4,649,012 Profit after taxes 2025: € -4,649,012 ▲ € 257,042 vs 2024 (€ -4,906,053) Favourable step	▲ € 257,042
Equity	€ 101,630 Equity 2022: € 101,630 First fiscal year in the series	€ 3,141,085 Equity 2023: € 3,141,085 ▲ € 3 million vs 2022 (€ 101,630) Favourable step	€ -1,764,969 Equity 2024: € -1,764,969 ▼ € 4.9 million vs 2023 (€ 3,141,085) Unfavourable step	€ 1,586,019 Equity 2025: € 1,586,019 ▲ € 3.4 million vs 2024 (€ -1,764,969) Favourable step	▲ € 3.4 million
Total debts	€ 9,702,031 Total debts 2022: € 9,702,031 First fiscal year in the series	€ 12,248,869 Total debts 2023: € 12,248,869 ▲ 26% vs 2022 (€ 9,702,031) Unfavourable step	€ 27,334,083 Total debts 2024: € 27,334,083 ▲ 123% vs 2023 (€ 12,248,869) Unfavourable step	€ 28,842,229 Total debts 2025: € 28,842,229 ▲ 6% vs 2024 (€ 27,334,083) Unfavourable step	▲ 6%
Cash	€ 801,839 Cash 2022: € 801,839 First fiscal year in the series	€ 9,073 Cash 2023: € 9,073 ▼ 99% vs 2022 (€ 801,839) Unfavourable step	€ 12,180 Cash 2024: € 12,180 ▲ 34% vs 2023 (€ 9,073) Favourable step	€ 352,289 Cash 2025: € 352,289 ▲ € 340,109 vs 2024 (€ 12,180) Favourable step	▲ € 340,109
Land & buildings	€ 419,690 Land & buildings 2022: € 419,690 First fiscal year in the series	€ 441,939 Land & buildings 2023: € 441,939 ▲ 5% vs 2022 (€ 419,690) Unchanged	€ 1,153,734 Land & buildings 2024: € 1,153,734 ▲ 161% vs 2023 (€ 441,939) Unchanged	€ 1,125,604 Land & buildings 2025: € 1,125,604 ▼ 2% vs 2024 (€ 1,153,734) Unchanged	▼ 2%
Retained profit	€ 83,030 Retained profit 2022: € 83,030 First fiscal year in the series	€ 4,809 Retained profit 2023: € 4,809 ▼ 94% vs 2022 (€ 83,030) Unfavourable step	€ -4,901,244 Retained profit 2024: € -4,901,244 ▼ € 4.9 million vs 2023 (€ 4,809) Unfavourable step	€ -9,550,256 Retained profit 2025: € -9,550,256 ▼ € 4.6 million vs 2024 (€ -4,901,244) Unfavourable step	▼ € 4.6 million
Bank debt	€ 6,610,907 Bank debt 2022: € 6,610,907 First fiscal year in the series	€ 9,911,981 Bank debt 2023: € 9,911,981 ▲ 50% vs 2022 (€ 6,610,907) Unfavourable step	€ 23,436,615 Bank debt 2024: € 23,436,615 ▲ 136% vs 2023 (€ 9,911,981) Unfavourable step	€ 23,668,161 Bank debt 2025: € 23,668,161 ▲ 1% vs 2024 (€ 23,436,615) Unfavourable step	▲ 1%
Balance sheet total	€ 9,803,661 Balance sheet total 2022: € 9,803,661 First fiscal year in the series	€ 15,389,954 Balance sheet total 2023: € 15,389,954 ▲ 57% vs 2022 (€ 9,803,661) Unchanged	€ 25,569,114 Balance sheet total 2024: € 25,569,114 ▲ 66% vs 2023 (€ 15,389,954) Unchanged	€ 30,452,048 Balance sheet total 2025: € 30,452,048 ▲ 19% vs 2024 (€ 25,569,114) Unchanged	▲ 19%
Employees (FTE)	18.3 Employees (FTE) 2022: 18.3 First fiscal year in the series	45.8 Employees (FTE) 2023: 45.8 ▲ 27.5 vs 2022 (18.3) Unchanged	63.2 Employees (FTE) 2024: 63.2 ▲ 17.4 vs 2023 (45.8) Unchanged	69.6 Employees (FTE) 2025: 69.6 ▲ 6.4 vs 2024 (63.2) Unchanged	▲ 6.4

Key figures of COFABEL, 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 COFABEL?

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

2028 Luc Sterckx stepped down as director. NBB
2028 Agri Invest BV stepped down as director. NBB
May 22, 2026 New annual accounts for financial year 2025: loss of € 4.6 million. Source: NBB ↗
2026 Arvesta Belgium BV stepped down as director. NBB
Jun 1, 2025 New establishment in Brugelette. KBO
Jun 1, 2025 New establishment in Leuven. KBO
2025 Arvesta Belgium BV became a director. NBB
Oct 1, 2024 New establishment in Bree. KBO

In short

From € 1.1 million loss in 2022 to € 4.6 million loss in 2025.

Paid € 18,349 in corporate taxes since 2022.

Pays suppliers within 34 days on average.

Original PDFs at the National Bank ↗

Management

COBELAL BV 100%

COFABEL

Martens - Traktor 100%

The shares are held by COBELAL BV (100%). It owns 100% of Martens - Traktor itself.

Directors

According to the 2025 annual accounts

Luc Sterckx

Director

Also active at: DE BELGISCHE FEDERATIE VAN DE TOELEVERANCIERS VAN MACHINES, GEBOUWEN EN UITRUSTINGEN VOOR DE LANDBOUW EN VOOR DE GROENVOORZIENINGEN

since 2024 · until 2028

Arvesta Belgium BV

Director · represented by Paul Deleu

Also active at: AVEVE, COBELAL, Martens Traktor, Willem Spoormans, HORTIPLAN, WALAGRI, POMAGRO, DUMOULIN +17 more

since 2025 · until 2026

Agri Invest BV

Director · represented by Kris Moerman

Also active at: COBELAL, Martens Traktor, WALAGRI, POMAGRO, ETABLISSEMENTS L. RIGAUX, ARVESTA LOGISTICS, Arvesta Belgium, BELCROP +1 more

since 2024 · until 2028

Shareholders

COBELAL BV

100%

Participations

Martens - Traktor

100%

Establishments

Establishment units

Physical locations of this company

Registered office

Olsensesteenweg(KRU) 67A

9770 Kruisem

2.023.414.258

Olsensesteenweg(KRU) 67

9770 Kruisem

Active since 1 January 1984

2.315.643.287

Hagelberg 4

2250 Olen

Active since 1 February 2021

2.320.817.941

Moortelstraat 26

9160 Lokeren

Active since 15 September 2021

2.340.614.453

Rue Bois-du-Loup, Ligny 2

5140 Sombreffe

Active since 2 January 2023

2.346.750.494

H. Geeststraat(HN) 1 box a

1540 Pajottegem

Active since 23 May 2023

2.351.953.060

Rue de la Croix Limont 15

5590 Ciney

Active since 2 November 2023

2.358.843.921

Aarschotsesteenweg 82

3012 Leuven

Active since 15 April 2024

2.360.078.393

Bedrijvenstraat 5760

3800 Sint-Truiden

Active since 1 June 2024

2.362.567.434

Kipdorpstraat 52

3960 Bree

Active since 1 October 2024

2.376.131.301

Chemin d'Attre(B) 2

7940 Brugelette

Active since 1 June 2025

2.376.131.497

Aarschotsesteenweg 80

3012 Leuven

Active since 1 June 2025

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

Details

Company number

0424.852.080

VAT number

BE 0424.852.080

Registered office

Olsensesteenweg(KRU) 67A, 9770 Kruisem

Names & denominations

COFABEL

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

22 September 1983

Peppol

Active · Active since 31 Dec 2025

Activities · NACE

Reparatie en onderhoud van machines

Vervaardiging van machines voor de landbouw en de bosbouw

Vervaardiging van overige machines voor de landbouw en de bosbouw

Vervaardiging van metalen constructiewerken en delen daarvan

Groothandel in auto's en lichte bestelwagens (<= 3,5 ton)

Groothandel in delen en toebehoren van motorvoertuigen

Onderhoud en reparatie van motorvoertuigen, neg

Verhuur en lease van landbouwmachines en -werktuigen

+11

View on CBE Public ↗ Annual accounts (NBB) ↗

COFABEL

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Financials

What happened to COFABEL?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Details

Frequently asked questions