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COBAVEX

Inactive
Public limited companyfounded 1994Hoogbavegemstraat 26, 9520 Sint-Lievens-Houtem, BelgiumKBO/BCE: BE 0452.537.662

Inactive since 25-08-2026; last annual accounts for fiscal year 2025.

Signals

1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 21-01-2026, 10 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
10 d early
2024
5 d late
2023
31 d early
2022
7 d early
2021
4 d early
2020
on the day
2019
5 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 6 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 24 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 22 April 1994, COBAVEX was incorporated.1 The company has filed 30 sets of annual accounts, the latest for fiscal year 2025.2 In 2026 the company was absorbed by merger into Lipa Holding nv.3

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025
  3. 3Belgian State Gazette, 02-09-2026

Go further with this company

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2025, micro schema

Equity
€3.1m▲ 0.6%
2024 · €3.1m
Net result
€19,955▼ 54.8%
2024 · €44,156
Total assets
€4.9m▲ 0.9%
2024 · €4.8m
Solvency
64.5%▼ 0.2pp
2024 · 64.6%
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Turnover
Operating result€2.5m-€27,730-€11,138▲ 59.8%€2,252-€14,802
Net result€2.4mabove the sector's middle half€13,548within the sector's middle half▼ 99.4%€14,573within the sector's middle half▲ 7.6%€44,156within the sector's middle half▲ 203%€19,955within the sector's middle half▼ 54.8%
Equity€3.1mabove the sector's middle half▲ 384%€3.1mabove the sector's middle half▲ 0.4%€3.1mabove the sector's middle half▲ 0.5%€3.1mabove the sector's middle half▲ 1.4%€3.1mabove the sector's middle half▲ 0.6%
Total assets€4.7mabove the sector's middle half▼ 10.9%€4.7mabove the sector's middle half▼ 1.0%€4.8mabove the sector's middle half▲ 1.9%€4.8mabove the sector's middle half▲ 1.6%€4.9mabove the sector's middle half▲ 0.9%
Debt€1.7m▼ 64.3%€1.6m▼ 3.6%€1.7m▲ 4.5%€1.7m▲ 2.0%€1.7m▲ 1.3%
Working capital€3.1mabove the sector's middle half€3.2mabove the sector's middle half▲ 4.7%€3.3mabove the sector's middle half▲ 1.6%€3.3mabove the sector's middle half▲ 2.1%€3.4mabove the sector's middle half▲ 1.6%
Solvency64.7%within the sector's middle half▲ 52.8pp65.7%within the sector's middle half▲ 0.9pp64.8%within the sector's middle half▼ 0.9pp64.6%within the sector's middle half▼ 0.1pp64.5%within the sector's middle half▼ 0.2pp
Current ratio33.69above the sector's middle half▲ 33.4469.63above the sector's middle half▲ 35.9340.09above the sector's middle half▼ 29.5437.11above the sector's middle half▼ 2.9842.00above the sector's middle half▲ 4.89
Return on assets (ROA)51.4%above the sector's middle half▲ 52.6pp0.3%below the sector's middle half▼ 51.1pp0.3%below the sector's middle half=0.9%below the sector's middle half▲ 0.6pp0.4%below the sector's middle half▼ 0.5pp
above within below the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€1.0m€0€1.0m€2.0mOperating result 2021: €2.5m€2.5mNet result 2021: €2.4m€2.4mOperating result 2022: -€27,730-€27,730Net result 2022: €13,548€13,548Operating result 2023: -€11,138-€11,138Net result 2023: €14,573€14,573Operating result 2024: €2,252€2,252Net result 2024: €44,156€44,156Operating result 2025: -€14,802-€14,802Net result 2025: €19,955€19,95520212022202320242025-€20,000€0€20,000€40,000Operating result 2023: -€11,138-€11,100Net result 2023: €14,573€14,600Operating result 2024: €2,252€2,250Net result 2024: €44,156€44,200Operating result 2025: -€14,802-€14,800Net result 2025: €19,955€20,000202320242025
The operating result turns negative in 2025: a loss of €14,802 after €2,252 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.9m
Fixed assets €1.4m =
Current assets €3.5m ▲ 1.3%
Equity and liabilities €4.9m
Equity €3.1m ▲ 0.6%
Debt €1.7m ▲ 1.3%
Debt's share of the balance-sheet total rises from 35.4% to 35.5%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
ROE
0.6%▼
2024 · 1.4%
Debt ≤ 1 year
€82,260▼
2024 · €91,939
Debt > 1 year
€1.7m▲
2024 · €1.6m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 36 lines
Balance sheet Code20242025
Assets
Total assets20/58€4.8m€4.9m▲
Fixed assets21/28€1.4m€1.4m=
Financial fixed assets28€1.4m€1.4m=
Current assets29/58€3.4m€3.5m▲
Amounts receivable within one year40/41€3.4m€3.5m▲
Trade receivables40€15,000-
Other amounts receivable41€3.4m€3.5m▲
Cash at bank and in hand54/58€24,203€1,539▼
Equity and liabilities
Total equity and liabilities10/49€4.8m€4.9m▲
Equity10/15€3.1m€3.1m▲
Contributions10/11€625,000€625,000=
Capital10€625,000€625,000=
Issued capital100€625,000€625,000=
Reserves13€62,500€62,500=
Non-distributable reserves130/1€62,500€62,500=
Legal reserve130€62,500€62,500=
Profit (loss) carried forward14€2.4m€2.5m▲
Amounts payable17/49€1.7m€1.7m▲
Amounts payable after more than one year17€1.6m€1.7m▲
Financial debts170/4€1.6m€1.7m▲
Amounts payable within one year42/48€91,939€82,260▼
Trade debts44€17,744€30,649▲
Suppliers440/4€17,744€30,649▲
Other amounts payable47/48€74,195€51,611▼
Income statement Code20242025
Other operating charges640/8€1,271€1,310▲
Gross operating margin9900€3,523-€13,492▼
Operating profit (loss)9901€2,252-€14,802▼
Financial income75/76B€66,671€67,935▲
Recurring financial income75€66,671€67,935▲
Financial charges65/66B€24,767€33,178▲
Recurring financial charges65€24,767€33,178▲
Profit (loss) for the period before taxes9903€44,156€19,955▼
Profit (loss) for the period9904€44,156€19,955▼
Profit (loss) for the period to be appropriated9905€44,156€19,955▼
Appropriation of the result
Profit (loss) to be appropriated9906€2.4m€2.5m▲
Profit (loss) brought forward from the previous period14P€2.4m€2.4m▲

The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Non-recurring operating income76A-€195,189----
Other operating charges640/8-€248€1,120€1,271€1,310▲ 3.1%
Non-recurring operating charges66A-€269,208----
Gross operating margin9900€2.5m€241,726-€10,018€3,523-€13,492▼ 483%
Operating profit (loss)9901€2.5m-€27,730-€11,138€2,252-€14,802▼ 757%
Financial income75/76B-€72,942€65,374€66,671€67,935▲ 1.9%
Recurring financial income75€4,415€72,942€65,374€66,671€67,935▲ 1.9%
Financial charges65/66B-€31,664€39,664€24,767€33,178▲ 34.0%
Recurring financial charges65€37,272€31,664€39,664€24,767€33,178▲ 34.0%
Profit (loss) for the period before taxes9903€2.4m€13,548€14,573€44,156€19,955▼ 54.8%
Profit (loss) for the period9904€2.4m€13,548€14,573€44,156€19,955▼ 54.8%
Profit (loss) for the period to be appropriated9905€2.4m€13,548€14,573€44,156€19,955▼ 54.8%
Line20212022202320242025Change
Assets
Total assets20/58€4.7m€4.7m€4.8m€4.8m€4.9m▲ 0.9%
Fixed assets21/28€1.6m€1.4m€1.4m€1.4m€1.4m=
Financial fixed assets28€1.6m€1.4m€1.4m€1.4m€1.4m=
Current assets29/58€3.2m€3.2m€3.3m€3.4m€3.5m▲ 1.3%
Amounts receivable within one year40/41€3.1m€3.2m€3.3m€3.4m€3.5m▲ 1.9%
Trade receivables40-€10,890-€15,000--
Other amounts receivable41-€3.2m€3.3m€3.4m€3.5m▲ 2.4%
Cash at bank and in hand54/58€28,150€5,451€5,477€24,203€1,539▼ 93.6%
Deferred charges and accrued income490/1-€61€66---
Equity and liabilities
Total equity and liabilities10/49€4.7m€4.7m€4.8m€4.8m€4.9m▲ 0.9%
Equity10/15€3.1m€3.1m€3.1m€3.1m€3.1m▲ 0.6%
Contributions10/11€625,000€625,000€625,000€625,000€625,000=
Capital10-€625,000€625,000€625,000€625,000=
Issued capital100-€625,000€625,000€625,000€625,000=
Reserves13€62,500€62,500€62,500€62,500€62,500=
Non-distributable reserves130/1-€62,500€62,500€62,500€62,500=
Legal reserve130-€62,500€62,500€62,500€62,500=
Profit (loss) carried forward14€2.4m€2.4m€2.4m€2.4m€2.5m▲ 0.8%
Amounts payable17/49€1.7m€1.6m€1.7m€1.7m€1.7m▲ 1.3%
Amounts payable after more than one year17€1.6m€1.6m€1.6m€1.6m€1.7m▲ 2.0%
Financial debts170/4-€1.6m€1.6m€1.6m€1.7m▲ 2.0%
Amounts payable within one year42/48€93,525€46,655€83,195€91,939€82,260▼ 10.5%
Trade debts44€34,102€14,897€30,771€17,744€30,649▲ 72.7%
Suppliers440/4-€14,897€30,771€17,744€30,649▲ 72.7%
Taxes, remuneration and social security45--€628---
Taxes450/3--€628---
Other amounts payable47/48-€31,759€51,796€74,195€51,611▼ 30.4%
Line20212022202320242025Change
Profit (loss) for the period9904€2.4m€13,548€14,573€44,156€19,955▼ 54.8%
Operating cash flow (approximation)€2.4m€13,548€14,573€44,156€19,955▼ 54.8%
Investment in fixed assets (approximation)-€144,000€0€0€0-
Change in cash--€22,699€26€18,725-€22,663▼ 221%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-01-2027
2026
02-09
State Gazette act Restructuring · End & cessation
Resignations: Apache Management nv (director) and DO4YOU bv (director) · Merger · Power of attorney17 facts ▸
  • General meeting, buitengewone algemene vergadering
  • Merger, fusie door overneming gelijkgestelde verrichting, artikel 12:7, 1° juncto artikel 12:50 tot en met 12:58 van het Wetboek van vennootschappen en verenigingen
  • Other statement, 18-05-2026
  • Other statement, geen opmerkingen op het fusievoorstel
  • Other statement, aandeelhouders bevestigen uiterlijk één maand voor de datum van de huidige algemene vergaderingen een afschrift te hebben ontvangen van het fusievoorstel
  • Other statement, aandeelhouders erkennen de mogelijkheid te hebben gehad om meer dan één maand voor de datum van de huidige algemene vergaderingen op de zetel kennis te nemen va…
  • Other statement, bestuursorganen van de te fuseren vennootschappen zijn ervan vrijgesteld een omstandig verslag op te stellen, vereniging van alle aandelen van de overgenomen ve…
  • Other statement, geen revisoraal verslag opgesteld, vereniging van alle aandelen van de overgenomen vennootschap in handen van de overnemende vennootschap
  • Other statement, vergaderingen verklaren de inhoud van de bovenvermelde documenten, verslagen en stukken te kennen en ontslaan de voorzitter van de voorlezing ervan
  • Other statement, geen bevoorrechte aandelen of effecten waaraan bijzondere rechten werden toegekend
  • Other statement, geen bijzondere voordelen toegekend aan de bestuurders van de fuserende vennootschappen
  • Other statement, de overgenomen vennootschap COBAVEX nv met uitwerking vanaf heden ophoudt te bestaan
  • +5 further facts in this act
21-01
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
05-02
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 5 days late
2023
31-12
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
24-01
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial Liquidity doublescurrent ratio 69.63
Current ratio from 33.69 to 69.63; short-term debt falls from €93,525 to €46,655.
27-01
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial Back to profitnet €2.4m
Net result €2.4m after one loss-making year.
30-06
Financial Liquidity times 132current ratio 33.69
Current ratio from 0.25 to 33.69; short-term debt falls from €2.8m to €93,525.
30-06
Financial Equity above €2mEq €3.1m ▲384%
Equity rises from €630,912 to €3.1m.
31-01
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
30-06
Financial Weakest financial yearnet -€67,793
Net result drops to -€67,793, the lowest in the series.
Show earlier events
05-02
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 5 days late
2019
04-01
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
21-02
NBB filing Annual accounts filed
fiscal year 2017 · full schema · 21 days late
2017
24-09
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 236 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 9 acts read
About the unread acts

Of the 9 Belgian State Gazette acts we know for this company, 1 has been read. The other 8 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Not every act has been read: a resignation may be missing here
8 of this company's 9 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Sint-Lievens-Houtem
exact location from the address register On OpenStreetMap
Ground area
8,796 m²
Building footprint
1,467 m²
Volume, LiDAR
12,285 m³
Parcel 41007A0190/00M000, Flanders · tallest building 10.8 m, ±3 floors. Linked by address, not a title deed.
11 companies at this address See who is registered here
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
41007A0190/00M000 Flanders 8,796 m² 1 · 1,467 m² 10.8 m · 3 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Mandate history

2 people since 2026, 0 in office
Show
  • Board
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Apache Management NV
  • Director, until 02-09-2026
Do4You BV
  • Director, until 02-09-2026
See the board, name and seat on a given date →

Articles of association

Accounting effect
Other statement
Kwijting voor de bestuurders van de overgenomen vennootschap, de goedkeuring door de gewone algemene vergadering van de aandeelhouders van de overnemende vennoo…

Structure & network

Owners and holdings

1 owner · 3 holdings

Chain of control

  1. Lipa Holding 100%
  2. COBAVEX

Highest known parent: Lipa Holding. The sources do not say who stands above it.

Owners 1

Holdings 3

According to the annual accounts to 30-06-2025 of COBAVEX and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Acquisitions and mergers

1 transaction
Taken over by:Lipa Holding nv
operation treated as a merger by absorption · State Gazette act of 02-09-2026

Similar companies · same sector, comparable size

Of 24,729 companies in sector 64210 we hold annual accounts for 19,800. 9,579 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded22-04-1994
Fiscal year end30-06
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID 0208:0452537662
Registered 07-01-2026

The company is no longer active; its Peppol card can remain until its access point withdraws it.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.