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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Negative equity NBB
More debt than assets in 3 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2023 and 2025.
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Tight liquidity NBB
Cash and receivables cover 22 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Copains Namur from Châtelet, company number BE0426077745, closed financial year 2025 with a result of € -722,584 after tax. For that financial year Copains Namur recorded a gross margin of € 505,502 and equity of € -417,681. Compared with financial year 2023, the result moved from € -415,726 to € -722,584. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on May 12, 2026.
€ -417,681
▲ € 262,123 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -722,584
▼ 74 % more loss than in 2023
Profit after tax over the fiscal year.
€ 68,283
▲ 5% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2.1 million.
People and assets in 2025
21.1
Average over the fiscal year, from the social balance sheet.
€ 1 million
▲ 5% vs 2023
€ 48,900 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.
€ 347,550
▲ 148% vs 2023
Of which on lease € 322,854.
Debts at end 2025
€ 827,551
▲ 22% vs 2023
€ 119,567 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 590,759
▼ 47% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 188,172
▲ 14% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2025 | Change 2023 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,417,138 | € 748,910 | € 681,845 | € 505,502 | ▼ 26% |
| Profit after taxes | € 4,090 | € -447,607 | € -415,726 | € -722,584 | ▼ € 306,858 |
| Equity | € 183,530 | € -264,077 | € -679,804 | € -417,681 | ▲ € 262,123 |
| Total debts | € 923,340 | € 1,695,390 | € 1,960,066 | € 1,672,020 | ▼ 15% |
| Cash | € 27,238 | € 82,427 | € 65,195 | € 68,283 | ▲ 5% |
| Land & buildings | € 83,439 | € 78,725 | € 64,799 | € 44,593 | ▼ 31% |
| Retained profit | € -48,470 | € -496,077 | € -911,804 | € -2,149,576 | ▼ € 1.2 million |
| Bank debt | € 244,538 | € 482,998 | € 676,071 | € 827,551 | ▲ 22% |
| Balance sheet total | € 1,106,870 | € 1,431,313 | € 1,280,263 | € 1,254,339 | ▼ 2% |
| Employees (FTE) | 40.7 | 35 | - | 21.1 |
Key figures of Copains Namur, fiscal years 2021 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 Copains Namur?
What happened at Copains Namur in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 722,584. Source: NBB ↗
- Frédéric Van Pol stepped down as director. NBB
- Jonathan de Cartier became a director. NBB
- Copains.group SRL became a director. NBB
- Frédéric Van Pol became a director. NBB
- New establishment in Châtelet. KBO
- Start of the company according to the CBE. KBO
In short
From € 4,090 profit in 2021 to € 722,584 loss in 2025.
Paid € 1,597 in corporate taxes since 2021.
Best year ever: 2021, with € 4,090 profit.
On average € 24,000 of value added per employee in 2025.
Management
The stake of Copains.group comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Copains NamurBehind Copains Namur are Jonathan de Cartier and Copains.group SRL. The shares are held by Copains.group (100%).
Directors
According to the 2025 annual accounts
Jonathan de Cartier
Managing director
Also active at: Copains distribution, Copains Boulangerie, Soixante Cinq Degrés, Copains.group, Park Slope
since 2023
Director · represented by Olivier de Cartier
Also active at: Copains distribution, COPAINS, WAGRALIM
since 2023
Frédéric Van Pol
Managing director
Also active at: Copains distribution, MYSTRAL, Copains Boulangerie, Copains.group
since 2023 · until 2025
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Quai de l'Industrie 12
6200 Châtelet
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0426.077.745
- VAT number
- BE 0426.077.745
- Registered office
- Quai de l'Industrie 12, 6200 Châtelet
- Names & denominations
- Copains Namur
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 July 1984
- Peppol
- Active · Active since 23 Oct 2025
- Activities · NACE
Ambachtelijke vervaardiging van brood en van vers banketbakkerswerk
Artisanale brood- en banketbakkerijen
Detailhandel in brood en banketbakkerswerk (koude bakkers)
Detailhandel in brood-, banketbakkerswerk en suikerwerk