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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 12 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
36 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
COSFIBEL from Etterbeek, company number BE0472010611, closed financial year 2025 with a result of € -4.1 million after tax. Compared with financial year 2024, the result moved from € -2 million to € -4.1 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 July 28, 2026.
€ 8.2 million
▼ 33% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -4.1 million
▼ 102 % more loss than in 2024
Profit after tax over the fiscal year.
€ 1.3 million
▲ € 1.1 million vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.3 million.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 98,326
▲ 8% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 163 days on average.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 1,207,164 | € 1,238,931 | - | - | |
| Profit after taxes | € 703,823 | € -3,354,170 | € -2,031,655 | € -4,106,477 | ▼ € 2.1 million |
| Equity | € 17,657,235 | € 14,303,064 | € 12,271,410 | € 8,164,933 | ▼ 33% |
| Total debts | € 8,035,758 | € 9,225,587 | € 15,209,136 | € 16,236,111 | ▲ 7% |
| Cash | € 156,519 | € 299,010 | € 221,522 | € 1,299,602 | ▲ € 1.1 million |
| Retained profit | € 8,148,296 | € 4,794,126 | € 2,762,471 | € -1,344,006 | ▼ € 4.1 million |
| Bank debt | € 1,253,974 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 25,692,992 | € 23,528,651 | € 27,480,546 | € 24,401,044 | ▼ 11% |
| Employees (FTE) | 0.5 | 0.3 | - | - |
Key figures of COSFIBEL, 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 COSFIBEL?
What happened at COSFIBEL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Daniel MELTON stepped down as director. NBB
- Tom Tao WANG stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 4.1 million. Source: NBB ↗
- Daniel MELTON became a director. NBB
- Tom Tao WANG became a director. NBB
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
In short
From € 703,823 profit in 2022 to € 4.1 million loss in 2025.
Best year ever: 2022, with € 703,823 profit.
Pays suppliers within 163 days on average.
Management
It owns 100% of MMB VERPAKKINGEN, 100% of COSFIBEL PREMIUM INTERNATIONAL, 100% of GRUMBE and 100% of SHOPLUXE SARL itself.
Directors
According to the 2025 annual accounts
Daniel MELTON
Director
since 2022 · until 2028
Tom Tao WANG
Managing director
since 2022 · until 2028
Establishments
Establishment units
Physical locations of this company
Louis Schmidtlaan 87 box 8
1040 Etterbeek
Louizalaan 251 box 18
1050 Brussel
Active since 21 August 2000
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 36 companies are registered at this address.
All companies at this address →Organisatiebureel A.D.
FEDERATION EUROPEENNE DES ASSOCIATIONS DES ETABLISSEMENTS DE CREDIT EUROFINAS ASS INT
€ 462,531 gross margin · 2025
SEGRO BELGIUM
€ -35,308 gross margin · 2025
FEDERATION EUROPEENNE DES ASSOCIATIONS DES ETABLISSEMENTS DE LEASING - EUROPESE FEDERATIE VAN VERENIGINGEN VAN LEASINGONDERNEMINGEN - EUROPEAN FEDERATIONOF LEAS
€ 866,930 gross margin · 2025
IMMOBILIERE PARMA-IMMOBILIEN PARMA
€ -8,614 gross margin · 2025
+31 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
- 0472.010.611
- VAT number
- BE 0472.010.611
- Registered office
- Louis Schmidtlaan 87 bus 8, 1040 Etterbeek
- Names & denominations
- COSFIBEL
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 May 2000
- Peppol
- Active · Active since 28 Jul 2026
- Activities · NACE
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