Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 18 % of short-term debt in 2025; threshold 65 %.
-
Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
COBRASA from Liedekerke, company number BE0442366718, closed financial year 2025 with a result of € 19,316 after tax. For that financial year COBRASA recorded a gross margin of € 140,011 and equity of € 131,284. Compared with financial year 2024, the result moved from € 14,742 to € 19,316. Profitable, and profit is growing. 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 July 24, 2026.
€ 131,284
▲ 17% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 19,316
▲ 31% vs 2024
Profit after tax over the fiscal year.
€ 5,908
▲ 100% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -520,880.
People and assets in 2025
€ 2,209
▼ 41% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 52,225
▼ 89% vs 2024
€ 13,274 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 1,486
▼ 52% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 100,459 | € 127,390 | € 114,325 | € 140,011 | ▲ 22% |
| Profit after taxes | € 29,601 | € 30,318 | € 14,742 | € 19,316 | ▲ 31% |
| Equity | € 66,908 | € 97,226 | € 111,968 | € 131,284 | ▲ 17% |
| Total debts | € 3,047,329 | € 3,012,463 | € 2,979,821 | € 2,891,566 | ▼ 3% |
| Cash | € 5,277 | € 3,754 | € 2,957 | € 5,908 | ▲ 100% |
| Land & buildings | € 2,595,292 | € 2,594,089 | € 2,578,539 | € 2,508,205 | ▼ 3% |
| Retained profit | € -585,257 | € -554,938 | € -540,196 | € -520,880 | ▲ € 19,316 |
| Bank debt | € 633,139 | € 559,305 | € 465,085 | € 52,225 | ▼ 89% |
| Balance sheet total | € 3,114,237 | € 3,109,689 | € 3,091,789 | € 3,022,850 | ▼ 2% |
Key figures of COBRASA, 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 COBRASA?
What happened at COBRASA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Annick Vander Bracht stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 19,316 (▲ 31% vs 2024). Source: NBB ↗
- Matthias De Sadeleer stepped down as director. NBB
- Matthias De Sadeleer became a director. NBB
- New establishment in Haaltert. KBO
- Start of the company according to the CBE. KBO
In short
From € 29,601 profit in 2022 to € 19,316 profit in 2025.
Paid € 0 in corporate taxes since 2022.
Best year ever: 2023, with € 30,318 profit.
Management
Directors
According to the 2025 annual accounts
Annick Vander Bracht
Managing director
Also active at: Investment and Promotion Company, BRUSSELS TRUCK CENTER
· until 2031
since 2016 · until 2025
Establishments
Establishment units
Physical locations of this company
Pamelsestraat 394
1770 Liedekerke
Pastorijweg(DE) 18 box 9
9450 Haaltert
Active since 27 May 1992
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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
- 0442.366.718
- VAT number
- BE 0442.366.718
- Registered office
- Pamelsestraat 394, 1770 Liedekerke
- Names & denominations
- COBRASA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 October 1990
- Peppol
- Not registered