Financials
Financial year 2025
COPAGEST from Antwerpen, company number BE0674749519, closed financial year 2025 with a result of € -1.8 million after tax. Compared with financial year 2024, the result moved from € 24.9 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 December 8, 2025.
€ 291.8 million
▼ 44% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.8 million
▼ still € 24.9 million profit in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € 7.8 million.
Debts at end 2025
€ 900 million
▲ 72% vs 2024
Loans from banks and other lenders, long and short.
€ 45,306
▼ 23% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 350 days on average.
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| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Profit after taxes | € 16,006,593 | € 24,867,383 | € -1,786,932 | ▼ € 26.7 million |
| Equity | € 510,691,890 | € 521,241,140 | € 291,780,331 | ▼ 44% |
| Total debts | € 596,836,247 | € 572,962,348 | € 913,595,601 | ▲ 59% |
| Retained profit | € 114,579,635 | € 125,128,885 | € 7,777,573 | ▼ 94% |
| Dividend | € 15,206,263 | € 14,318,133 | € 227,673,877 | ▲ € 213.4 million |
| Bank debt | € 553,242,047 | € 524,408,491 | € 900,000,000 | ▲ 72% |
| Balance sheet total | € 1,107,601,097 | € 1,094,276,448 | € 1,205,375,932 | ▲ 10% |
Key figures of COPAGEST, fiscal years 2023 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 COPAGEST?
What happened at COPAGEST in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Olivier LEGRAND stepped down as director. NBB
- Yvan Rob SCHAEPMAN stepped down as director. NBB
- Jean-François Marie Remy LOISEAU stepped down as director. NBB
- Vincent MICHELET stepped down as director. NBB
- Bernard Marie Etienne Th PONCELET stepped down as director. NBB
- Guillaume PERDEREAU stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 1.8 million (▼ € 26.7 million vs 2024). Source: NBB ↗
- Olivier LEGRAND became a director. NBB
In short
From € 16 million profit in 2023 to € 1.8 million loss in 2025.
Paid € 7 million in corporate taxes since 2023.
Best year ever: 2024, with € 24.9 million profit.
Paid out € 257.2 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
Behind COPAGEST is Patrick Christian Marie-Joseph TETARD. It owns 100% of Boortmalt Finance Ireland LTD, 100% of Boortmalt Ireland LTD, 100% of Boortmalt NV and 0.1% of Boortmalt International itself.
Directors
According to the 2025 annual accounts
Patrick Christian Marie-Joseph TETARD
Director
Olivier LEGRAND
Director
since 2023 · until 2029
Yvan Rob SCHAEPMAN
Director
since 2023 · until 2029
Jean-François Marie Remy LOISEAU
Director
since 2023 · until 2029
Vincent MICHELET
Director
since 2023 · until 2029
Bernard Marie Etienne Th PONCELET
Director
since 2023 · until 2029
Guillaume PERDEREAU
Director
since 2023 · until 2029
Establishments
Establishment units
Physical locations of this company
Zandvoort 2
2030 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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
- 0674.749.519
- VAT number
- BE 0674.749.519
- Registered office
- Zandvoort 2, 2030 Antwerpen
- Names & denominations
- COPAGEST
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 21 December 1990
- Peppol
- Active · Active since 18 Dec 2025
- Activities · NACE
Overige activiteiten van geldscheppende financiële instellingen