Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 53 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
COBACO from Oudenaarde, company number BE0506620607, closed financial year 2025 with a result of € -68,273 after tax. For that financial year COBACO recorded a gross margin of € -22,626 and equity of € -136,200. Compared with financial year 2024, the result moved from € 495 to € -68,273. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on January 12, 2026.
€ -136,200
▼ € 68,273 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -68,273
▼ still € 495 profit in 2024
Profit after tax over the fiscal year.
€ 16,796
▼ 33% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -536,200.
People and assets in 2025
€ 11,375
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 19,755
▲ 34% vs 2024
Of which on lease € 19,243.
Debts at end 2025
€ 189,112
▲ 57% vs 2024
€ 87,410 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 68,947
▼ 45% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 7,619
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 70,724 | € 93,661 | € 23,856 | € -22,626 | ▼ € 46,482 |
| Profit after taxes | € 49,305 | € 73,080 | € 495 | € -68,273 | ▼ € 68,768 |
| Equity | € -141,502 | € -68,422 | € -67,927 | € -136,200 | ▼ € 68,273 |
| Total debts | € 266,844 | € 179,636 | € 320,049 | € 384,074 | ▲ 20% |
| Cash | € 4,257 | € 4,277 | € 25,205 | € 16,796 | ▼ 33% |
| Retained profit | € -541,502 | € -468,422 | € -467,927 | € -536,200 | ▼ € 68,273 |
| Bank debt | € 69,588 | € 78,437 | € 120,434 | € 189,112 | ▲ 57% |
| Balance sheet total | € 125,342 | € 111,215 | € 252,122 | € 247,873 | ▼ 2% |
Key figures of COBACO, fiscal years 2022 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 COBACO?
What happened at COBACO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 68,273 (▼ € 68,768 vs 2024). Source: NBB ↗
- Christophe Manderick became a director. NBB
- New establishment in Oudenaarde. KBO
- Start of the company according to the CBE. KBO
- Yves D'Heedene became a director. NBB
In short
From € 49,305 profit in 2022 to € 68,273 loss in 2025.
Paid € 85 in corporate taxes since 2022.
Best year ever: 2023, with € 73,080 profit.
Management
Behind COBACO are Christophe Manderick and Yves D'Heedene. Christophe Manderick is also behind GYSMAN and MELIMA.
Establishments
Establishment units
Physical locations of this company
Nestor De Tièrestraat 207
9700 Oudenaarde
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0506.620.607
- VAT number
- BE 0506.620.607
- Registered office
- Nestor De Tièrestraat 207, 9700 Oudenaarde
- Names & denominations
- COBACO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 8 December 2014
- Peppol
- Active · Active since 25 Nov 2025
- Activities · NACE
Activiteiten van interieurarchitecten
Vervaardiging van beschuit, biscuit en houdbaar banketbakkerswerk
Verhuur en lease van andere machines en werktuigen en andere materiële goederen