Financials
Financial year 2025
COENE from Couvin, company number BE0429996941, closed financial year 2025 with a result of € 1.2 million after tax. For that financial year COENE recorded a gross margin of € 2.4 million and equity of € 3.1 million. Compared with financial year 2024, the result moved from € 900,810 to € 1.2 million. 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 July 28, 2026.
€ 3.1 million
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.2 million
▲ 28% vs 2024
Profit after tax over the fiscal year.
€ 2.7 million
▲ 115% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1.1 million paid out
96 % of the profit went to the shareholders, mostly to Elomax SRL (100 % of the shares). That is where the money ends up.
People and assets in 2025
18.1
▼ 0.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 905,211
▲ 7% vs 2024
€ 50,000 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.
€ 111,836
▼ 8% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 325,127
▼ 10% vs 2024
€ 36,595 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 54,841
▼ 63% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 72,958
▲ 17% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,001,413 | € 2,067,677 | € 2,080,256 | € 2,429,364 | ▲ 17% |
| Profit after taxes | € 215,532 | € 914,151 | € 900,810 | € 1,150,416 | ▲ 28% |
| Equity | € 2,617,169 | € 3,231,320 | € 3,032,130 | € 3,085,162 | ▲ 2% |
| Total debts | € 203,956 | € 865,386 | € 1,681,864 | € 1,892,927 | ▲ 13% |
| Cash | € 426,436 | € 945,943 | € 1,271,186 | € 2,727,869 | ▲ 115% |
| Land & buildings | € 406,713 | € 695,868 | € 670,048 | € 721,168 | ▲ 8% |
| Retained profit | € 2,586,169 | € 3,200,320 | € 3,001,130 | € 3,051,546 | ▲ 2% |
| Dividend | € 0 | € 300,000 | € 1,100,000 | € 1,100,000 | |
| Bank debt | € 0 | € 284,449 | € 360,430 | € 325,127 | ▼ 10% |
| Balance sheet total | € 2,821,125 | € 4,096,706 | € 4,713,995 | € 4,978,088 | ▲ 6% |
| Employees (FTE) | 17 | 17 | 18.6 | 18.1 | ▼ 0.5 |
Key figures of COENE, 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 COENE?
What happened at COENE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1.2 million (▲ 28% vs 2024). Source: NBB ↗
- Elomax SRL became a director. NBB
- New establishment in Couvin. KBO
- Start of the company according to the CBE. KBO
In short
From € 215,532 profit in 2022 to € 1.2 million profit in 2025.
Paid € 534,723 in corporate taxes since 2022.
Best year ever: 2025, with € 1.2 million profit.
On average € 134,200 of value added per employee in 2025.
Management
Behind COENE is Elomax SRL. The shares are held by Elomax SRL (100%). It owns 38% of Her-Win itself.
Directors
According to the 2025 annual accounts
since 2019
Shareholders
100%
Participations
38%
Establishments
Establishment units
Physical locations of this company
Rue du Moulin de Tromcourt 19
5660 Couvin
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 →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0429.996.941
- VAT number
- BE 0429.996.941
- Registered office
- Rue du Moulin de Tromcourt 19, 5660 Couvin
- Names & denominations
- COENE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 5 December 1986
- Peppol
- Active · Active since 18 Dec 2025
- Activities · NACE
Vervaardiging van schrijn- en timmerwerk
Vervaardiging van houten deuren en vensters
Schrijnwerk
Schrijnwerk van hout of van kunststof
Vervaardiging van ander schrijn- en timmerwerk
Plaatsen van behang en vloerbedekking en wandbekleding van andere materialen
Plaatsen van behang