COBBACO
ActiveSummary
COBBACO has been active since 1975 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €190k and a net result of €4k. Equity is growing by ~4.5% per year across the filed fiscal years. Its solvency ranks better than 69% of 4178 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability40▼-3
Solvency79=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 2.62 against 2.69 in 2024; short-term debt: 22.5% and cash: 1.5% of total assets), and 46% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
54%
Return on assets
1.2%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
1 d early
2023
3 d early
2022
40 d early
2021
27 d early
2020
15 d early
2019
23 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€4k▼ 45.1%
2024 · €8k
2018: €5k
2019: €5k▲ +9.5% vs 2018
2020: €8k▲ +58.2% vs 2019
2021: €10k▲ +26.2% vs 2020highest in 8 years
2022: €10k▼ -1.7% vs 2021
2023: €4k▼ -59.2% vs 2022
2024: €8k▲ +79.6% vs 2023
2025: €4k▼ -45.1% vs 2024lowest in 8 years
2018 → 2025
Working capital
€128k▲ 3.3%
2024 · €124k
2018: €72klowest in 8 years
2019: €83k▲ +15.9% vs 2018
2020: €91k▲ +10.0% vs 2019
2021: €102k▲ +11.5% vs 2020
2022: €112k▲ +10.1% vs 2021
2023: €116k▲ +3.8% vs 2022
2024: €124k▲ +6.5% vs 2023
2025: €128k▲ +3.3% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€163k-€174k▲ 6.3%€178k▲ 2.4%€186k▲ 4.2%€190k▲ 2.2%
2021: €163klowest in 5 years
2022: €174k▲ +6.3% vs 2021
2023: €178k▲ +2.4% vs 2022
2024: €186k▲ +4.2% vs 2023
2025: €190k▲ +2.2% vs 2024highest in 5 years
Operating result€19k-€19k▼ 2.1%€11k▼ 40.7%€17k▲ 49.2%€13k▼ 20.5%
2021: €19khighest in 5 years
2022: €19k▼ -2.1% vs 2021
2023: €11k▼ -40.7% vs 2022lowest in 5 years
2024: €17k▲ +49.2% vs 2023
2025: €13k▼ -20.5% vs 2024
Net result€10k-€10k▼ 1.7%€4k▼ 59.2%€8k▲ 79.6%€4k▼ 45.1%
2021: €10khighest in 5 years
2022: €10k▼ -1.7% vs 2021
2023: €4k▼ -59.2% vs 2022
2024: €8k▲ +79.6% vs 2023
2025: €4k▼ -45.1% vs 2024lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 21% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €351k
Fixed assets
€144k =
Current assets
€207k ▲ 4.9%
Equity and liabilities €351k
Equity
€190k ▲ 2.2%
Debt
€161k ▲ 3.6%
Debt's share of the balance-sheet total rises from 45.7% to 46.0%. Equity and debt are higher.
Key figures and ratios
Current ratio
2.62▼
2024 · 2.69
Debt to equity
0.85▲
2024 · 0.84
ROE
2.2%▼
2024 · 4.1%
ROA
1.2%▼
2024 · 2.2%
Debt ≤ 1 year
€79k▲
2024 · €73k
Debt > 1 year
€75k=
2024 · €75k
Income taxes
€2k▼
2024 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€341k€351k▲
Fixed assets21/28€144k€144k=
Tangible fixed assets22/27€144k€144k=
Land and buildings22€144k€144k=
Current assets29/58€197k€207k▲
Amounts receivable within one year40/41€5k€5k▼
Other amounts receivable41€5k€5k▼
Current investments50/53€181k€194k▲
Cash at bank and in hand54/58€7k€5k▼
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€341k€351k▲
Equity10/15€186k€190k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€124k€128k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€117k€121k▲
Amounts payable17/49€156k€161k▲
Amounts payable after more than one year17€75k€75k=
Financial debts170/4€75k€75k=
Amounts payable within one year42/48€73k€79k▲
Trade debts44€703€0▼
Suppliers440/4€703€0▼
Taxes, remuneration and social security45€9k€9k▼
Remuneration and social security454/9€9k€9k▼
Other amounts payable47/48€64k€70k▲
Accrued charges and deferred income492/3€7k€7k=
Income statement
Code20242025
Other operating charges640/8€13k€13k▲
Gross operating margin9900€30k€27k▼
Operating profit (loss)9901€17k€13k▼
Financial income75/76B€3k€2k▼
Recurring financial income75€3k€2k▼
Financial charges65/66B€9k€9k▼
Recurring financial charges65€9k€9k▼
Profit (loss) for the period before taxes9903€11k€6k▼
Income taxes67/77€3k€2k▼
Profit (loss) for the period9904€8k€4k▼
Profit (loss) for the period to be appropriated9905€8k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€8k€4k▼
Transfer to equity691/2€8k€4k▼
To other reserves6921€8k€4k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €10k | €10k | €13k | €13k | €13k | ▲ 3.8% |
| Gross operating margin9900 | €29k | €29k | €24k | €30k | €27k | ▼ 10.0% |
| Operating profit (loss)9901 | €19k | €19k | €11k | €17k | €13k | ▼ 20.5% |
| Financial income75/76B | €883 | €1k | €2k | €3k | €2k | ▼ 49.5% |
| Recurring financial income75 | €883 | €1k | €2k | €3k | €2k | ▼ 49.5% |
| Financial charges65/66B | €5k | €5k | €8k | €9k | €9k | ▼ 1.9% |
| Recurring financial charges65 | €5k | €5k | €8k | €9k | €9k | ▼ 1.9% |
| Profit (loss) for the period before taxes9903 | €15k | €15k | €6k | €11k | €6k | ▼ 44.9% |
| Income taxes67/77 | €5k | €5k | €2k | €3k | €2k | ▼ 44.5% |
| Profit (loss) for the period9904 | €10k | €10k | €4k | €8k | €4k | ▼ 45.1% |
| Profit (loss) for the period to be appropriated9905 | €10k | €10k | €4k | €8k | €4k | ▼ 45.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €303k | €320k | €326k | €341k | €351k | ▲ 2.8% |
| Fixed assets21/28 | €144k | €144k | €144k | €144k | €144k | = |
| Tangible fixed assets22/27 | €144k | €144k | €144k | €144k | €144k | = |
| Land and buildings22 | €144k | €144k | €144k | €144k | €144k | = |
| Current assets29/58 | €159k | €176k | €182k | €197k | €207k | ▲ 4.9% |
| Amounts receivable within one year40/41 | €4k | €0 | €3k | €5k | €5k | ▼ 11.2% |
| Trade receivables40 | €3k | €0 | - | - | - | - |
| Other amounts receivable41 | €1k | €0 | €3k | €5k | €5k | ▼ 11.2% |
| Current investments50/53 | €124k | €160k | €165k | €181k | €194k | ▲ 6.8% |
| Cash at bank and in hand54/58 | €32k | €13k | €11k | €7k | €5k | ▼ 28.3% |
| Deferred charges and accrued income490/1 | €0 | €3k | €3k | €3k | €3k | ▲ 1.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €303k | €320k | €326k | €341k | €351k | ▲ 2.8% |
| Equity10/15 | €163k | €174k | €178k | €186k | €190k | ▲ 2.2% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | €62k | €62k | €62k | €62k | €62k | = |
| Issued capital100 | €62k | €62k | €62k | €62k | €62k | = |
| Reserves13 | €101k | €112k | €116k | €124k | €128k | ▲ 3.4% |
| Non-distributable reserves130/1 | €6k | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | €6k | €6k | €6k | €6k | €6k | = |
| Distributable reserves133 | €95k | €106k | €110k | €117k | €121k | ▲ 3.5% |
| Amounts payable17/49 | €140k | €146k | €148k | €156k | €161k | ▲ 3.6% |
| Amounts payable after more than one year17 | €75k | €75k | €75k | €75k | €75k | = |
| Financial debts170/4 | €75k | €75k | €75k | €75k | €75k | = |
| Amounts payable within one year42/48 | €58k | €64k | €66k | €73k | €79k | ▲ 7.6% |
| Trade debts44 | €348 | €3k | €0 | €703 | €0 | ▼ 100% |
| Suppliers440/4 | €348 | €3k | €0 | €703 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €6k | €6k | €7k | €9k | €9k | ▼ 1.7% |
| Taxes450/3 | €1k | €681 | €0 | - | - | - |
| Remuneration and social security454/9 | €5k | €5k | €7k | €9k | €9k | ▼ 1.7% |
| Other amounts payable47/48 | €51k | €55k | €58k | €64k | €70k | ▲ 10.1% |
| Accrued charges and deferred income492/3 | €7k | €7k | €7k | €7k | €7k | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10k | €10k | €4k | €8k | €4k | ▼ 45.1% |
| Operating cash flow (approximation) | €10k | €10k | €4k | €8k | €4k | ▼ 45.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €-19k | €-2k | €-3k | €-2k | ▲ 36.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €4k ▼45.1%
Net result drops to €4k, the lowest in the series.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
28-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €10k ▲26.2%
Operating result €19k, net result €10k, both a record.
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €150kEq €153k ▲5.7%
3 profitable years in a row build equity to €153k.
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 1976
Ground area
5,051 m²
Building footprint
2,224 m²
Volume, LiDAR
15,175 m³
Parcel 44017D0826/00C000, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
COBBACO
since 19762.011.741.495
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44017D0826/00C000 | Flanders | 5,051 m² | 1 · 2,224 m² | 9.8 m · 2 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.
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Of 1,270 companies in sector 47512 we hold annual accounts for 581. 479 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
Founded24-12-1975
Fiscal year end31-12
Activities, NACEBEL 2025
47512Retail sale of household textiles and bedding
68121Development of residential building projects
Scores and ratios are computed by Checked and are not a credit decision.