Financials
Financial year 2026
COEMAN PACKAGING from Waregem, company number BE0427761090, closed financial year 2026 with a result of € 5.1 million after tax. For that financial year COEMAN PACKAGING recorded revenue of € 27.1 million and equity of € 21.3 million. Compared with financial year 2025, the result moved from € 6 million to € 5.1 million. 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 September 30, 2026.
€ 21.3 million
▲ 32% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 5.1 million
▼ 14% vs 2025
Profit after tax over the fiscal year.
€ 1.1 million
▲ 43% vs 2025
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2026. Retained profit grew to € 20.6 million.
People and assets in 2026
17.2
▼ 1.2 vs 2025
Average over the fiscal year, from the social balance sheet.
€ 1.8 million
▲ 5% vs 2025
€ 107,100 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.
€ 14,672
▲ 7% vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
€ 1.3 million
▼ 21% vs 2025
Loans from banks and other lenders, long and short.
€ 1.4 million
▲ 17% vs 2025
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 28 days on average.
€ 631,700
▲ 2% vs 2025
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Revenue | € 39,360,680 | € 32,252,719 | € 28,991,402 | € 27,114,726 | ▼ 6% |
| Profit after taxes | € 5,636,291 | € 6,372,453 | € 5,960,351 | € 5,126,988 | ▼ 14% |
| Equity | € 13,752,034 | € 17,024,487 | € 16,221,860 | € 21,348,848 | ▲ 32% |
| Total debts | € 4,476,283 | € 4,100,024 | € 8,061,673 | € 3,857,418 | ▼ 52% |
| Cash | € 2,123,739 | € 939,873 | € 746,476 | € 1,064,254 | ▲ 43% |
| Land & buildings | - | - | € 1,871 | € 1,481 | ▼ 21% |
| Retained profit | € 13,007,698 | € 16,280,152 | € 15,477,525 | € 20,604,512 | ▲ 33% |
| Dividend | € 18,981,000 | € 3,100,000 | € 6,750,000 | € 0 | ▼ 100% |
| Bank debt | € 1,300,000 | € 1,637,891 | € 1,637,613 | € 1,300,000 | ▼ 21% |
| Balance sheet total | € 18,282,260 | € 21,181,702 | € 24,332,263 | € 25,242,253 | ▲ 4% |
| Employees (FTE) | 20 | 17.9 | 18.4 | 17.2 | ▼ 1.2 |
Key figures of COEMAN PACKAGING, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to COEMAN PACKAGING?
What happened at COEMAN PACKAGING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- ORTHAN & CAUCHY B.V. stepped down as director. NBB
- Kenneth DEPUYDT stepped down as director. NBB
- Ruth DE WULF stepped down as director. NBB
- LANDERHOF INVEST CommV stepped down as director. NBB
- VANDERBEKE LUC BV stepped down as director. NBB
- CREAFUND NV stepped down as director. NBB
- New annual accounts for financial year 2026: profit of € 5.1 million (▼ 14% vs 2025). Source: NBB ↗
- PAPADI BV stepped down as director. NBB
In short
From € 5.6 million profit in 2023 to € 5.1 million profit in 2026.
Paid € 7.6 million in corporate taxes since 2023.
Best year ever: 2024, with € 6.4 million profit.
Paid out € 28.8 million in dividends to the owners in total.
Management
The stake of COEMAN TRADING comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
COEMAN PACKAGINGThe shares are held by COEMAN TRADING (100%). It owns 10% of COEMAN TRADING NV itself.
Directors
According to the 2026 annual accounts
Kenneth DEPUYDT
Director
since 2023 · until 2029
Managing director · represented by Julie EERDEKENS
Also active at: LANDERGEM INVEST, SCOTCHA, COEMAN TRADING
since 2024 · until 2025
Ruth DE WULF
Director
Also active at: Beddeleem, DIRESCO, Purna Pharmaceuticals, SOFICS, Cu.be Solutions, MOBILE LOCKER, CREAFUND ASSET MANAGEMENT, Quartz Holding +9 more
since 2023 · until 2029
Managing director · represented by Philip COEMAN
Also active at: LANDERGEM INVEST, SCOTCHA, COEMAN TRADING
since 2023 · until 2029
Director · represented by Luc VANDERBEKE
Also active at: LANDERGEM INVEST, SCOTCHA, COEMAN TRADING
since 2023 · until 2029
Director · represented by Herman WIELFAERT
Also active at: DIRESCO, CREALOAN, SOFICS, Cu.be Solutions, JOVEGI, MOBILE LOCKER, SOLFAR, Pulse +11 more
since 2023 · until 2029
Managing director · represented by Peter LE ROY
Also active at: LANDERGEM INVEST, Theuma Group, SCOTCHA, COEMAN TRADING
since 2025 · until 2031
Shareholders
100%
Participations
Establishments
Establishment units
Physical locations of this company
Textielstraat 17
8790 Waregem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
DNS
Cloudflare DNS
Domain
Domain
coeman.com
Registered
2000-05-08
Registrar
NameWeb BVBA
Expires
2026-05-08
Website info
Features
Security
Details
- Company number
- 0427.761.090
- VAT number
- BE 0427.761.090
- Registered office
- Textielstraat 17, 8790 Waregem
- Names & denominations
- COEMAN PACKAGING
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 27 September 1985
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- coeman.com
- Activities · NACE
Groothandel in andere intermediaire producten, neg
Groothandel in andere intermediaire producten, n.e.g.