Financials
Financial year 2025
COTEK from Aalter, company number BE0461977742, closed financial year 2025 with a result of € 224,391 after tax. For that financial year COTEK recorded a gross margin of € 169,248 and equity of € 654,347. Compared with financial year 2024, the result moved from € 68,261 to € 224,391. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on January 30, 2026.
€ 654,347
▲ 13% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 224,391
▲ 229% vs 2024
Profit after tax over the fiscal year.
€ 64,434
▲ 99% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 148,401 paid out
66 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 8,480
▼ 52% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.1 million
▼ 4% vs 2024
€ 55,988 is repaid this year. At this pace the long-term loan is gone in ≈ 20 years.
€ 28,156
▲ € 22,908 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 23,661
▲ 13% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2021 | 2022 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 244,358 | € 181,477 | € 191,345 | € 169,248 | ▼ 12% |
| Profit after taxes | € 117,194 | € 72,624 | € 68,261 | € 224,391 | ▲ 229% |
| Equity | € 453,973 | € 510,097 | € 578,358 | € 654,347 | ▲ 13% |
| Total debts | € 1,507,426 | € 1,438,674 | € 1,258,929 | € 1,253,666 | |
| Cash | € 54,486 | € 51,121 | € 32,360 | € 64,434 | ▲ 99% |
| Land & buildings | € 608,307 | € 567,637 | € 506,688 | € 466,018 | ▼ 8% |
| Retained profit | € 435,373 | € 491,497 | € 559,758 | € 635,747 | ▲ 14% |
| Dividend | € 32,636 | € 16,500 | € 0 | € 148,401 | |
| Bank debt | € 1,297,205 | € 1,275,401 | € 1,188,736 | € 1,139,439 | ▼ 4% |
| Balance sheet total | € 1,998,683 | € 1,986,056 | € 1,851,305 | € 1,921,902 | ▲ 4% |
Key figures of COTEK, fiscal years 2021 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to COTEK?
What happened at COTEK in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 224,391 (▲ 229% vs 2024). Source: NBB ↗
- Ruben Degryse became a director. NBB
- New establishment in Ichtegem. KBO
- Start of the company according to the CBE. KBO
In short
From € 117,194 profit in 2021 to € 224,391 profit in 2025.
Paid € 136,554 in corporate taxes since 2021.
Best year ever: 2025, with € 224,391 profit.
Paid out € 197,537 in dividends to the owners in total.
Management
Behind COTEK is Ruben Degryse. Ruben Degryse is also behind Unie van Zelfstandige Ondernemers - West-Vlaanderen.
Directors
According to the 2025 annual accounts
since 2023
Establishments
Establishment units
Physical locations of this company
Hendelstraat 4
9910 Aalter
Fabriekweg(EER) 42
8480 Ichtegem
Active since 2 December 1997
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0461.977.742
- VAT number
- BE 0461.977.742
- Registered office
- Hendelstraat 4, 9910 Aalter
- Names & denominations
- COTEK
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 26 November 1997
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
Coating van metalen
Oppervlaktebehandeling en bekleding van metaal
Oppervlaktebehandeling van metalen