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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Figures corrected NBB
Corrected annual account filed for 2024.
Financials
Financial year 2025
COBATIM from Comines-Warneton, company number BE0455207142, closed financial year 2025 with a result of € 1.3 million after tax. For that financial year COBATIM recorded a gross margin of € 3.4 million and equity of € 6.7 million. Compared with financial year 2024, the result moved from € 679,817 to € 1.3 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 June 30, 2026.
€ 6.7 million
▲ 19% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.3 million
▲ 96% vs 2024
Profit after tax over the fiscal year.
€ 1.6 million
▲ 35% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 250,000 paid out
19 % of the profit went to the shareholders, mostly to CONCRETE HOLDING (100 % of the shares). That is where the money ends up.
People and assets in 2025
14.9
▲ 1.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 987,737
▲ 16% vs 2024
€ 66,300 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.
€ 364,205
▼ 25% vs 2024
Of which on lease € 314,176.
Debts at end 2025
€ 3.3 million
▼ 15% vs 2024
€ 578,835 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 1 million
▼ 7% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 244,292
▲ 32% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 13,269,671 | € 11,619,608 | - | - | |
| Gross margin | - | - | € 2,642,095 | € 3,441,170 | ▲ 30% |
| Profit after taxes | € 1,650,473 | € 1,051,266 | € 679,817 | € 1,334,744 | ▲ 96% |
| Equity | € 5,147,877 | € 5,131,826 | € 5,626,626 | € 6,705,042 | ▲ 19% |
| Total debts | € 4,570,265 | € 6,726,383 | € 5,326,029 | € 4,795,762 | ▼ 10% |
| Cash | € 1,176,437 | € 2,401,519 | € 1,193,629 | € 1,612,064 | ▲ 35% |
| Land & buildings | € 2,460,953 | € 5,589,270 | € 4,715,350 | € 4,494,316 | ▼ 5% |
| Retained profit | € 2,090,841 | € 2,210,905 | € 2,841,250 | € 4,051,521 | ▲ 43% |
| Dividend | € 1,250,236 | € 790,000 | € 175,000 | € 250,000 | ▲ 43% |
| Bank debt | € 2,629,717 | € 4,709,121 | € 3,862,741 | € 3,272,914 | ▼ 15% |
| Balance sheet total | € 9,769,492 | € 11,908,685 | € 11,002,735 | € 11,500,875 | ▲ 5% |
| Employees (FTE) | 14.3 | 13.5 | 13.5 | 14.9 | ▲ 1.4 |
Key figures of COBATIM, 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 COBATIM?
What happened at COBATIM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Concrete Holding NV stepped down as director. NBB
- VT-Invest SRL stepped down as director. NBB
- Geert Van Tornhaut stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 1.3 million (▲ 96% vs 2024). Source: NBB ↗
- Concrete Holding NV became a director. NBB
- VT-Invest SRL became a director. NBB
- Geert Van Tornhaut became a director. NBB
- New establishment in Comines-Warneton. KBO
In short
From € 1.7 million profit in 2022 to € 1.3 million profit in 2025.
Paid € 1.2 million in corporate taxes since 2022.
Best year ever: 2022, with € 1.7 million profit.
On average € 231,000 of value added per employee in 2025.
Management
The stake of CONCRETE HOLDING, Beta Invest comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
COBATIMThe shares are held by CONCRETE HOLDING (100%) and Beta Invest (0%).
Directors
According to the 2025 annual accounts
since 2023 · until 2029
Director · represented by Van Tornhaut Rita
Owns 100% via CONCRETE HOLDING
Also active at: GUSTAAF CUYLAERTS, Algemene Ondernemingen Van Tornhaut, KORLAM, VT-RESIDENTIAL, V - SYSTEMS, STABIL, STECHO, Harold Kindt Project Management +15 more
since 2019 · until 2029
Geert Van Tornhaut
Director
since 2019 · until 2029
Shareholders
CONCRETE HOLDING · holding of VT-Invest SRL
100%
0%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Textielstraat(KOM) 9
7780 Comines-Warneton
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0455.207.142
- VAT number
- BE 0455.207.142
- Registered office
- Textielstraat(KOM) 9, 7780 Comines-Warneton
- Names & denominations
- COBATIM
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 11 May 1995
- Peppol
- Active · Active since 22 Aug 2025
- Contact
- [email protected] 092167981
- Activities · NACE
Vervaardiging van artikelen van beton voor de bouw
Detailhandel in ijzerwaren, bouwmaterialen, verf en glas (algemeen assortiment)
Detailhandel in ijzerwaren, verf, bouwmaterialen (inclusief doe-het-zelfzaken) met een verkoopsoppervlakte van minder dan 400 m2
Verhuur en lease van machines en installaties voor de bouwnijverheid en de weg- en waterbouw
Activiteiten van ingenieurs en aanverwante technische adviseurs, exclusief landmeters-experts
Technische studiën en ingenieursactiviteiten
Verhuur van machines en installaties voor de bouwnijverheid