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 50 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Cotrain from Rumst, company number BE0459139107, closed financial year 2025 with a result of € -39,177 after tax. For that financial year Cotrain recorded a gross margin of € 140,905 and equity of € 30,051. Compared with financial year 2024, the result moved from € 22,304 to € -39,177. The company made a loss. The buffer shrank hard: equity is 57 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 14, 2026.
€ 30,051
▼ 57% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -39,177
▼ still € 22,304 profit in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € 20,755.
People and assets in 2025
€ 123,488
▲ 8% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 4,542
▼ 45% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 201,920
▼ 18% vs 2024
€ 20,784 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 46,943
▼ 23% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 72,744
▲ 89% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 112,295 | € 149,005 | € 197,980 | € 140,905 | ▼ 29% |
| Profit after taxes | € 458 | € 14,055 | € 22,304 | € -39,177 | ▼ € 61,481 |
| Equity | € 84,398 | € 46,924 | € 69,228 | € 30,051 | ▼ 57% |
| Total debts | € 295,166 | € 373,063 | € 345,519 | € 321,607 | ▼ 7% |
| Cash | € 422 | € 410 | € 18,510 | - | |
| Land & buildings | € 250,477 | € 227,706 | € 204,935 | € 182,165 | ▼ 11% |
| Retained profit | € 65,806 | € 37,628 | € 59,932 | € 20,755 | ▼ 65% |
| Dividend | € 0 | € 42,233 | € 0 | € 0 | |
| Bank debt | € 269,717 | € 263,491 | € 245,842 | € 201,920 | ▼ 18% |
| Balance sheet total | € 379,565 | € 419,987 | € 414,746 | € 351,658 | ▼ 15% |
Key figures of Cotrain, 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 Cotrain?
What happened at Cotrain in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 39,177 (▼ € 61,481 vs 2024). Source: NBB ↗
- Marc Walter Hellemans became a director. NBB
- Natalie Duerinck became a director. NBB
- New establishment in Rumst. KBO
- Start of the company according to the CBE. KBO
In short
From € 458 profit in 2022 to € 39,177 loss in 2025.
Paid € 25,705 in corporate taxes since 2022.
Best year ever: 2024, with € 22,304 profit.
Paid out € 42,233 in dividends to the owners in total.
Management
Behind Cotrain are Marc Walter Hellemans and Natalie Duerinck.
Directors
According to the 2025 annual accounts
Marc Walter Hellemans
Director
since 2018
Natalie Duerinck
Director
since 2009
Establishments
Establishment units
Physical locations of this company
Varenstraat 93
2840 Rumst
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0459.139.107
- VAT number
- BE 0459.139.107
- Registered office
- Varenstraat 93, 2840 Rumst
- Names & denominations
- Cotrain
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 7 November 1996
- Peppol
- Active · Active since 13 May 2025
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