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 31 % of short-term debt in 2026; threshold 65 %.
Financials
Financial year 2026
CO-NET from Gent, company number BE0756997007, closed financial year 2026 with a result of € 166,263 after tax. For that financial year CO-NET recorded revenue of € 450,503 and equity of € 206,086. Compared with financial year 2025, the result moved from € 96,721 to € 166,263. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on October 25, 2026.
€ 206,086
▲ 9% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 166,263
▲ 72% vs 2025
Profit after tax over the fiscal year.
€ 64,952
▲ € 55,302 vs 2025
Cash and bank balances on the last day of the fiscal year.
€ 150,000 paid out
90 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2026
€ 1,700
▼ 83% vs 2025
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 4,257
▼ 72% vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
€ 513,831
▲ 19% vs 2025
€ 67,852 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 599
▼ 95% vs 2025
Supplier invoices still open on the last day of the fiscal year.
€ 40,719
▲ 42% vs 2025
Taxes, VAT and social contributions still to pay.
| 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|
| Revenue | € 527,543 | € 450,503 | ▼ 15% |
| Gross margin | € 179,924 | € 296,490 | ▲ 65% |
| Profit after taxes | € 96,721 | € 166,263 | ▲ 72% |
| Equity | € 189,823 | € 206,086 | ▲ 9% |
| Total debts | € 505,700 | € 681,888 | ▲ 35% |
| Cash | € 9,651 | € 64,952 | ▲ € 55,302 |
| Land & buildings | € 568,672 | € 722,150 | ▲ 27% |
| Retained profit | € 188,823 | € 205,086 | ▲ 9% |
| Dividend | € 0 | € 150,000 | |
| Bank debt | € 433,118 | € 513,831 | ▲ 19% |
| Balance sheet total | € 695,523 | € 887,974 | ▲ 28% |
Key figures of CO-NET, fiscal years 2025 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to CO-NET?
What happened at CO-NET in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: profit of € 166,263 (▲ 72% vs 2025). Source: NBB ↗
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 96,721 profit in 2025 to € 166,263 profit in 2026.
Paid € 80,920 in corporate taxes since 2025.
Best year ever: 2026, with € 166,263 profit.
Paid out € 150,000 in dividends to the owners in total.
Establishments
Establishment units
Physical locations of this company
Bijlokehof 31
9000 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0756.997.007
- VAT number
- BE 0756.997.007
- Registered office
- Bijlokehof 31, 9000 Gent
- Names & denominations
- CO-NET
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 26 October 2020
- Peppol
- Active · Active since 27 Mar 2026
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