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.
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Shrinking team NBB
FTE fell two years in a row, from 6 to 2.
Financials
Financial year 2025
COBECO from Aalst, company number BE0445429938, closed financial year 2025 with a result of € -48,505 after tax. For that financial year COBECO recorded a gross margin of € 73,387 and equity of € 518,419. Compared with financial year 2024, the result moved from € -91,367 to € -48,505. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 518,419
▼ 9% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -48,505
▲ 47 % less loss than in 2024
Profit after tax over the fiscal year.
€ 199,317
▼ 27% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -81,229.
People and assets in 2025
2
▼ 1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 87,021
▼ 27% vs 2024
€ 43,500 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.
€ 24,635
▼ 25% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 23,547
▼ 22% vs 2024
€ 6,765 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 56,688
▼ 20% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 439
▼ 79% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 325,515 | € 522,989 | € 167,204 | € 73,387 | ▼ 56% |
| Profit after taxes | € -145,303 | € 183,689 | € -91,367 | € -48,505 | ▲ € 42,862 |
| Equity | € 524,953 | € 658,291 | € 566,924 | € 518,419 | ▼ 9% |
| Total debts | € 228,324 | € 221,615 | € 137,781 | € 86,462 | ▼ 37% |
| Cash | € 202,118 | € 204,363 | € 272,434 | € 199,317 | ▼ 27% |
| Land & buildings | € 102,876 | € 90,322 | € 70,403 | € 56,169 | ▼ 20% |
| Retained profit | € -125,047 | € 58,643 | € -32,724 | € -81,229 | ▼ € 48,505 |
| Bank debt | € 12,364 | € 4,976 | € 30,069 | € 23,547 | ▼ 22% |
| Balance sheet total | € 753,278 | € 879,906 | € 704,705 | € 604,881 | ▼ 14% |
| Employees (FTE) | 6.1 | 6 | 3 | 2 | ▼ 1 |
Key figures of COBECO, 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 COBECO?
What happened at COBECO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 48,505. filed late Source: NBB ↗
- New establishment in Aalst. KBO
- Start of the company according to the CBE. KBO
In short
From € 145,303 loss in 2022 to € 48,505 loss in 2025.
Best year ever: 2023, with € 183,689 profit.
On average € 36,700 of value added per employee in 2025.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind COBECO are Nino Vanbesien and Ellen Nijs. The shares are held by Nino Vanbesien (100%).
Directors
According to the 2025 annual accounts
Nino Vanbesien
Director
Shareholders
Nino Vanbesien
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Gustaaf Papestraat 51
9300 Aalst
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Certifications & Partners
Hosting & Email
Email provider
Microsoft 365
Hosting
AMAZON-02 - Amazon.com, Inc., US
Website info
Features
Security
Network
Details
- Company number
- 0445.429.938
- VAT number
- BE 0445.429.938
- Registered office
- Gustaaf Papestraat 51, 9300 Aalst
- Names & denominations
- COBECO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 11 October 1991
- Peppol
- Active · Active since 29 Aug 2023
- Contact
- cobeco.be
- Activities · NACE
Schrijnwerk van hout of van kunststof
Schrijnwerk
Algemene bouw van residentiële gebouwen
Bouwen van individuele huizen
Handelsbemiddeling in de groothandel in hout en bouwmaterialen
Handelsbemiddeling in hout en bouwmaterialen