Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Busy address KBO
16 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
COBEL FLANDERS from Antwerpen, company number BE0471783452, closed financial year 2025 with a result of € -1.8 million after tax. For that financial year COBEL FLANDERS recorded a gross margin of € 4.6 million and equity of € 15.1 million. Compared with financial year 2024, the result moved from € 1 million to € -1.8 million. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 9, 2026.
€ 15.1 million
▼ 11% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.8 million
▼ still € 1 million profit in 2024
Profit after tax over the fiscal year.
€ 594,589
▼ 67% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.1 million.
Debts at end 2025
€ 32.5 million
▼ 9% vs 2024
Loans from banks and other lenders, long and short.
€ 294,296
▲ 18% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 5,015,748 | € 5,245,384 | € 4,668,438 | € 4,635,357 | ▼ 1% |
| Profit after taxes | € 1,796,904 | € 1,240,014 | € 1,007,779 | € -1,838,046 | ▼ € 2.8 million |
| Equity | € 16,710,948 | € 16,950,962 | € 16,958,741 | € 15,120,695 | ▼ 11% |
| Total debts | € 58,446,771 | € 57,163,872 | € 50,969,231 | € 45,243,163 | ▼ 11% |
| Cash | € 2,097,657 | € 4,007,373 | € 1,797,918 | € 594,589 | ▼ 67% |
| Land & buildings | € 14,583,078 | € 14,080,318 | € 13,521,595 | € 9,962,872 | ▼ 26% |
| Retained profit | € 460,948 | € 700,962 | € 708,741 | € -1,129,305 | ▼ € 1.8 million |
| Dividend | € 1,000,000 | € 1,000,000 | € 1,000,000 | € 0 | ▼ 100% |
| Bank debt | € 39,800,000 | € 39,800,000 | € 35,800,000 | € 32,500,000 | ▼ 9% |
| Balance sheet total | € 75,160,138 | € 74,117,254 | € 67,927,972 | € 60,363,858 | ▼ 11% |
Key figures of COBEL FLANDERS, 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 COBEL FLANDERS?
What happened at COBEL FLANDERS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Merno Immo stepped down as director. NBB
- Christophe Hamal stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 1.8 million (▼ € 2.8 million vs 2024). Source: NBB ↗
- Christophe Hamal became a director. NBB
- Merno Immo became a director. NBB
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
In short
From € 1.8 million profit in 2022 to € 1.8 million loss in 2025.
Paid € 1.1 million in corporate taxes since 2022.
Best year ever: 2022, with € 1.8 million profit.
Paid out € 3 million in dividends to the owners in total.
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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 shares are held by Baloise Belgium NV (100%).
Directors
According to the 2025 annual accounts
Christophe Hamal
Director
Also active at: MERNO IMMO, J. Haenecour & Co, Pacific Real Estate, Singel Office Antwerpen, VAN VAEK ZENITH IMMO, CREATIVE EATERY, VAC DE MEANDER, SOUVERAIN 25 +7 more
since 2022 · until 2027
Director · represented by Wim Kinnet
Also active at: B'Cover by Baloise, Pacific Real Estate, VAN VAEK ZENITH IMMO, CREATIVE EATERY, POSTSITE AALST A, POSTSITE AALST B, POSTSITE AALST PARKING, POSTSITE AALST C +2 more
since 2018 · until 2028
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Posthofbrug 16
2600 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 16 companies are registered at this address.
All companies at this address →MERNO IMMO same network
€ 961,684 gross margin · 2025
BALOISE BELGIUM same network
J. Haenecour & Co same network
€ -12,382 gross margin · 2025
B'Cover by Baloise same network
€ 2.4 million gross margin · 2025
Pacific Real Estate same network
€ 2.1 million gross margin · 2025
+11 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0471.783.452
- VAT number
- BE 0471.783.452
- Registered office
- Posthofbrug 16, 2600 Antwerpen
- Names & denominations
- COBEL FLANDERS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 28 April 2000
- Peppol
- Active · Active since 17 Nov 2025
- Activities · NACE
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