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 3 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
COQARDENNE from Bertrix, company number BE0825438821, closed financial year 2025 with a result of € -688,682 after tax. For that financial year COQARDENNE recorded a gross margin of € 111,552 and equity of € -205,565. Compared with financial year 2024, the result moved from € -110,045 to € -688,682. 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 April 30, 2026.
€ -205,565
▲ € 168,318 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -688,682
▼ 526 % more loss than in 2024
Profit after tax over the fiscal year.
€ 51,165
▼ 48% 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.
People and assets in 2025
1.7
▼ 0.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 314,704
▲ 39% vs 2024
€ 185,100 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.
€ 7,221
▼ 64% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.9 million
▲ 114% vs 2024
Loans from banks and other lenders, long and short.
€ 1.9 million
▼ 33% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 24,008
▼ 51% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 221,062 | € -71,011 | € 502,933 | € 111,552 | ▼ 78% |
| Profit after taxes | € 5,248 | € -281,870 | € -110,045 | € -688,682 | ▼ € 578,636 |
| Equity | € 18,032 | € -263,838 | € -373,883 | € -205,565 | ▲ € 168,318 |
| Total debts | € 1,076,381 | € 2,355,509 | € 3,932,293 | € 3,819,412 | ▼ 3% |
| Cash | € 10,309 | € 4,424 | € 98,727 | € 51,165 | ▼ 48% |
| Retained profit | € -263,968 | € -545,838 | € -655,883 | € -1,344,565 | ▼ € 688,682 |
| Bank debt | € 184,685 | € 106,120 | € 883,677 | € 1,894,320 | ▲ 114% |
| Balance sheet total | € 1,094,413 | € 2,091,671 | € 3,558,410 | € 3,613,847 | ▲ 2% |
| Employees (FTE) | 2 | 2 | 2 | 1.7 | ▼ 0.3 |
Key figures of COQARDENNE, 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 April 2027.
What happened to COQARDENNE?
What happened at COQARDENNE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Thibaut PETIT stepped down as director. NBB
- Maximilien PETIT stepped down as director. NBB
- Michel PETIT stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 688,682. Source: NBB ↗
- Thibaut PETIT became a director. NBB
- Maximilien PETIT became a director. NBB
- Michel PETIT became a director. NBB
- SAMANDA SA stepped down as director. NBB
In short
From € 5,248 profit in 2022 to € 688,682 loss in 2025.
Paid € 916 in corporate taxes since 2022.
Best year ever: 2022, with € 5,248 profit.
On average € 65,600 of value added per employee in 2025.
Management
The stake of ARDENNE VOLAILLE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
COQARDENNEThe shares are held by ARDENNE VOLAILLE (100%). It owns 100% of Le Poulet d'Ardenne itself.
Directors
According to the 2025 annual accounts
Thibaut PETIT
Director
Also active at: EXPLOITATION DE VERGERS HESBIGNONS, TCO Service, ARDENNE VOLAILLE, LA CUISINE DES CHAMPS, PTF MANAGEMENT, GOURMET FOOD COLLECTION, Upignac Group, LE POULET D'ARDENNE
since 2025 · until 2031
Maximilien PETIT
Director
Also active at: EXPLOITATION DE VERGERS HESBIGNONS, UPIGNAC, TCO Service, ARDENNE VOLAILLE, LA CUISINE DES CHAMPS, PHALSU, GOURMET FOOD COLLECTION, Upignac Group +1 more
since 2025 · until 2031
Michel PETIT
Managing director
Also active at: UPIGNAC, LA FERME D'EN BAS, ARDENNE VOLAILLE, FERME D'ASSONLEVILLE, LA TABLE D'UPIGNAC, GOURMET FOOD COLLECTION, LE POULET D'ARDENNE
since 2025 · until 2031
Director · represented by Andrès DE LA CERDA GILMAR
Also active at: A.M.B., Floridienne, ORTIS, Barthel PAULS Fils - Barthel PAULS SOhne, RECYCLAGE ET VALORISATION TECHNIQUE, UPIGNAC, HOLZINDUSTRIE PAULS, ECOTERRES +38 more
since 2019 · until 2024
Shareholders
100%
Participations
100%
Establishments
Establishment units
Physical locations of this company
Rue des Prés la Mercire 3
6880 Bertrix
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
- 0825.438.821
- VAT number
- BE 0825.438.821
- Registered office
- Rue des Prés la Mercire 3, 6880 Bertrix
- Names & denominations
- COQARDENNE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 28 April 2010
- Peppol
- Active · Active since 25 Nov 2025
- Activities · NACE
Groothandel in vlees van wild en van gevogelte
Verwerking en conservering van vlees van gevogelte
Vervaardiging van producten van vlees of van vlees van gevogelte
Detailhandel in vlees van wild en van gevogelte
Vervaardiging van bereide maaltijden en schotels