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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Tight liquidity NBB
Cash and receivables cover 36 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
KOBRA from Baelen, company number BE0736669666, closed financial year 2025 with a result of € 28,250 after tax. For that financial year KOBRA recorded a gross margin of € 474,387 and equity of € 24,580. Compared with financial year 2024, the result moved from € 33,917 to € 28,250. The company is profitable. The buffer shrank hard: equity is 79 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 19, 2026.
€ 24,580
▼ 79% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 28,250
▼ 17% vs 2024
Profit after tax over the fiscal year.
€ 50,196
▼ 35% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 120,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
8.3
▲ 0.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 379,092
▲ 4% vs 2024
€ 45,700 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.
€ 1,592
▼ 65% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 123,395
▼ 17% vs 2024
€ 25,258 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 64,564
▲ 1% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 58,097
▲ 14% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 361,869 | € 428,790 | € 475,606 | € 474,387 | |
| Profit after taxes | € 935 | € 21,852 | € 33,917 | € 28,250 | ▼ 17% |
| Equity | € 128,561 | € 112,413 | € 116,329 | € 24,580 | ▼ 79% |
| Total debts | € 277,940 | € 300,272 | € 288,709 | € 348,056 | ▲ 21% |
| Cash | € 69,585 | € 119,406 | € 76,775 | € 50,196 | ▼ 35% |
| Land & buildings | € 250,842 | € 217,133 | € 183,425 | € 149,716 | ▼ 18% |
| Retained profit | € 108,561 | € 92,413 | € 96,329 | € 4,580 | ▼ 95% |
| Dividend | € 0 | € 38,000 | € 30,000 | € 120,000 | ▲ 300% |
| Bank debt | € 196,950 | € 172,796 | € 148,279 | € 123,395 | ▼ 17% |
| Balance sheet total | € 406,501 | € 412,685 | € 405,038 | € 372,636 | ▼ 8% |
| Employees (FTE) | - | 7.3 | 7.8 | 8.3 | ▲ 0.5 |
Key figures of KOBRA, 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 KOBRA?
What happened at KOBRA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 28,250 (▼ 17% vs 2024). Source: NBB ↗
- New establishment in Eupen. KBO
- Start of the company according to the CBE. KBO
- Alexander KOCKARTZ became a director. NBB
- Léon BRAUN became a director. NBB
In short
From € 935 profit in 2022 to € 28,250 profit in 2025.
Paid € 27,647 in corporate taxes since 2022.
Best year ever: 2024, with € 33,917 profit.
On average € 57,200 of value added per employee in 2025.
Management
Behind KOBRA are Alexander KOCKARTZ and Léon BRAUN. The same people are also behind BACKEREI - KONDITOREI - KOCKARTZ. Alexander KOCKARTZ is also behind D.H., BEKODIS, D.H.V.D., ROTENBERG and DISTRIPAT.
Establishments
Establishment units
Physical locations of this company
Clos des Jonquilles 23
4837 Baelen
Rue de Herbesthal 91
4700 Eupen
Active since 22 October 2019
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
- 0736.669.666
- VAT number
- BE 0736.669.666
- Registered office
- Clos des Jonquilles 23, 4837 Baelen
- Names & denominations
- KOBRA
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 October 2019
- Peppol
- Active · Active since 20 Nov 2020
- Activities · NACE
Detailhandel in brood en banketbakkerswerk (koude bakkers)
Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden
Detailhandel in dranken, algemeen assortiment
Detailhandel in chocolade en suikerwerk
Detailhandel in zuivelproducten en eieren
Detailhandel in zuivelproducten en eieren in gespecialiseerde winkels
Eetgelegenheden met beperkte bediening