Financials
Financial year 2025
COFINCO from Sint-Martens-Latem, company number BE0464397495, closed financial year 2025 with a result of € 226,759 after tax. For that financial year COFINCO recorded a gross margin of € 538,055 and equity of € 2.5 million. Compared with financial year 2024, the result moved from € 563,318 to € 226,759. The company is profitable. 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 August 19, 2026.
€ 2.5 million
▲ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 226,759
▼ 60% vs 2024
Profit after tax over the fiscal year.
€ 370,751
▼ 32% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 83,490 paid out
37 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
2.2
▲ 0.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 151,613
▲ 52% vs 2024
€ 68,900 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.
€ 1,555
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 606,552
▼ 28% vs 2024
Loans from banks and other lenders, long and short.
€ 18,828
▼ 27% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 54,938
▼ 21% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 340,892 | € 536,107 | € 979,440 | € 538,055 | ▼ 45% |
| Profit after taxes | € 155,999 | € 274,106 | € 563,318 | € 226,759 | ▼ 60% |
| Equity | € 1,540,951 | € 1,815,056 | € 2,378,375 | € 2,521,644 | ▲ 6% |
| Total debts | € 923,866 | € 976,237 | € 955,498 | € 715,050 | ▼ 25% |
| Cash | € 932,293 | € 349,515 | € 542,394 | € 370,751 | ▼ 32% |
| Land & buildings | € 1,112,153 | € 1,080,726 | € 1,057,669 | € 833,143 | ▼ 21% |
| Retained profit | € 1,429,399 | € 1,703,504 | € 2,266,823 | € 2,410,092 | ▲ 6% |
| Dividend | € 45,000 | € 0 | € 0 | € 83,490 | |
| Bank debt | € 838,806 | € 838,806 | € 838,806 | € 606,552 | ▼ 28% |
| Balance sheet total | € 2,464,817 | € 2,791,293 | € 3,333,873 | € 3,236,694 | ▼ 3% |
| Employees (FTE) | 0.6 | 1.2 | 1.6 | 2.2 | ▲ 0.6 |
Key figures of COFINCO, 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 COFINCO?
What happened at COFINCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Arnaud VAN HECKE stepped down as director. NBB
- Michel VAN HECKE stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 226,759 (▼ 60% vs 2024). filed late Source: NBB ↗
- Arnaud VAN HECKE became a director. NBB
- Michel VAN HECKE became a director. NBB
- New establishment in Sint-Martens-Latem. KBO
- Start of the company according to the CBE. KBO
In short
From € 155,999 profit in 2022 to € 226,759 profit in 2025.
Paid € 590,259 in corporate taxes since 2022.
Best year ever: 2024, with € 563,318 profit.
On average € 244,600 of value added per employee in 2025.
A new publication or filing at COFINCO? We notify you, reason included.
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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
The stake of CORIUM comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
COFINCOThe shares are held by CORIUM (4%). It owns 0% of ILYOSON itself.
Directors
According to the 2025 annual accounts
since 2022 · until 2028
Michel VAN HECKE
Director
Also active at: Algemene Electrische Ondernemingen Kamiel Verstraete en Zoon, FPIM International - SFPI Internationaal - SFPIM International, POLITEIA, PINAKES, KEYZER, RLST, ACADEMIC & SCIENTIFIC PUBLISHERS
since 2022 · until 2028
Shareholders
4%
Participations
0%
Establishments
Establishment units
Physical locations of this company
Rode Beukendreef 5
9831 Sint-Martens-Latem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 0464.397.495
- VAT number
- BE 0464.397.495
- Registered office
- Rode Beukendreef 5, 9831 Sint-Martens-Latem
- Names & denominations
- COFINCO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 19 October 1998
- Peppol
- Active · Active since 30 Oct 2023
- Activities · NACE
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