COBEA

Inactive

Private limited companyfounded 1986Floraliënstraat 89, 1200 Sint-Lambrechts-Woluwe, BelgiumKBO/BCE: BE 0429.659.916

Inactive since 27-06-2026; last annual accounts for fiscal year 2025. Dissolved without liquidation.

Risk analysis Watch Report Compare

COBEAInactive

Risk analysis Report Compare

Signals

Two signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Persistent losses

Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2025

Net result per financial year

1819202122232425

2018 to 2025 · latest year -€33,301

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

31 d early

2024

31 d early

2023

29 d late

2022

31 d early

2021

30 d late

2020

30 d late

2019

91 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 12 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (1)

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

COBEA was incorporated on 1 October 1986.¹ The company has filed 39 sets of annual accounts, the latest for fiscal year 2025.² In 2026 the company was absorbed by merger into IMAGERIE MEDICALE HELMET.³

Go further with this company

Who ran this company, and where was it based, on a date before the end?Company as of a date How is the Business and other management consultancy sector doing?Sector figures

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

Financials · fiscal year 2025, abbreviated schema

Equity

€56,736▼ 37.0%

2024 · €90,038

Total assets

€117,436▼ 3.6%

2024 · €121,781

Net result

-€33,301▼ 136%

2024 · -€14,124

Working capital

-€8,777

2024 · €16,653

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €35,214 in 2025 against €14,955 in 2024; the loss grows and 2025 has the lowest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €117,436

56.0%

44.0%

Fixed assets €65,816 ▼ 10.3%

Current assets €51,620 ▲ 6.7%

Equity and liabilities €117,436

48.3%

51.7%

Equity €56,736 ▼ 37.0%

Debt €60,700 ▲ 91.2%

Debt's share of the balance-sheet total rises from 26.1% to 51.7%. Equity is lower and debt is higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

-€27,646▼

2024 · -€7,113

Cash flow

-€25,733▼

2024 · -€6,281

Debt to equity

1.07▲

2024 · 0.35

ROE

-58.7%▼

2024 · -15.7%

Interest coverage

-232.28▼

2024 · -59.81

Debt ≤ 1 year

€60,397▲

2024 · €31,743

Income taxes

€139▼

2024 · €1,222

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines

Balance sheet Code20242025

Assets

Total assets20/58€121,781€117,436▼

Fixed assets21/28€73,385€65,816▼

Tangible fixed assets22/27€45,715€38,147▼

Land and buildings22€7,279€7,279=

Plant, machinery and equipment23€38,236€30,809▼

Furniture and vehicles24€200€58▼

Financial fixed assets28€27,670€27,670=

Current assets29/58€48,396€51,620▲

Amounts receivable within one year40/41€11,390€8,036▼

Trade receivables40€1,560€5,335▲

Other amounts receivable41€9,830€2,701▼

Cash at bank and in hand54/58€33,953€41,113▲

Deferred charges and accrued income490/1€3,053€2,471▼

Equity and liabilities

Total equity and liabilities10/49€121,781€117,436▼

Equity10/15€90,038€56,736▼

Contributions10/11€18,592€18,592=

Capital10€18,592€18,592=

Issued capital100€18,592€18,592=

Reserves13€77,087€77,087=

Non-distributable reserves130/1€1,859€1,859=

Legal reserve130€1,859€1,859=

Distributable reserves133€75,228€75,228=

Profit (loss) carried forward14-€5,641-€38,942▼

Amounts payable17/49€31,743€60,700▲

Amounts payable within one year42/48€31,743€60,397▲

Current portion of amounts payable after more than one year42€1,725€1,400▼

Trade debts44€528€1,979▲

Suppliers440/4€528€1,979▲

Taxes, remuneration and social security45€1,162€100▼

Taxes450/3€1,162€100▼

Other amounts payable47/48€28,328€56,918▲

Accrued charges and deferred income492/3-€303

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7,842€7,568▼

Other operating charges640/8€9,081€10,678▲

Gross operating margin9900€1,968-€16,968▼

Operating profit (loss)9901-€14,955-€35,214▼

Financial income75/76B€2,172€2,171=

Recurring financial income75€2,172€2,171=

Financial charges65/66B€119€119▲

Recurring financial charges65€119€119▲

Profit (loss) for the period before taxes9903-€12,902-€33,162▼

Income taxes67/77€1,222€139▼

Profit (loss) for the period9904-€14,124-€33,301▼

Profit (loss) for the period to be appropriated9905-€14,124-€33,301▼

Appropriation of the result

Profit (loss) to be appropriated9906-€5,641-€38,942▼

Profit (loss) brought forward from the previous period14P€8,482-€5,641▼

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line	2021	2022	2023	2024	2025	Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€11,433	€7,733	€7,984	€7,842	€7,568	▼ 3.5%
Other operating charges640/8	€7,381	€9,110	€8,641	€9,081	€10,678	▲ 17.6%
Gross operating margin9900	€22,380	€19,136	€22,194	€1,968	-€16,968	▼ 962%
Operating profit (loss)9901	€3,566	€2,293	€5,569	-€14,955	-€35,214	▼ 135%
Financial income75/76B	€1,864	€1,934	€2,183	€2,172	€2,171	=
Recurring financial income75	€1,864	€1,934	€2,183	€2,172	€2,171	=
Financial charges65/66B	€118	€188	€120	€119	€119	▲ 0.1%
Recurring financial charges65	€118	€188	€120	€119	€119	▲ 0.1%
Profit (loss) for the period before taxes9903	€5,312	€4,039	€7,632	-€12,902	-€33,162	▼ 157%
Income taxes67/77	€1,580	€1,516	€2,321	€1,222	€139	▼ 88.6%
Profit (loss) for the period9904	€3,732	€2,523	€5,311	-€14,124	-€33,301	▼ 136%
Profit (loss) for the period to be appropriated9905	€3,732	€2,523	€5,311	-€14,124	-€33,301	▼ 136%

Line	2021	2022	2023	2024	2025	Change
Assets
Total assets20/58	€129,333	€134,255	€137,724	€121,781	€117,436	▼ 3.6%
Fixed assets21/28	€76,916	€75,198	€68,910	€73,385	€65,816	▼ 10.3%
Tangible fixed assets22/27	€49,246	€47,528	€41,240	€45,715	€38,147	▼ 16.6%
Land and buildings22	€7,279	€7,279	€7,279	€7,279	€7,279	=
Plant, machinery and equipment23	€41,967	€40,249	€33,620	€38,236	€30,809	▼ 19.4%
Furniture and vehicles24	-	-	€341	€200	€58	▼ 70.7%
Financial fixed assets28	€27,670	€27,670	€27,670	€27,670	€27,670	=
Current assets29/58	€52,417	€59,057	€68,814	€48,396	€51,620	▲ 6.7%
Amounts receivable within one year40/41	-	-	-	€11,390	€8,036	▼ 29.4%
Trade receivables40	-	-	-	€1,560	€5,335	▲ 242%
Other amounts receivable41	-	-	-	€9,830	€2,701	▼ 72.5%
Cash at bank and in hand54/58	€46,883	€53,367	€62,880	€33,953	€41,113	▲ 21.1%
Deferred charges and accrued income490/1	€5,534	€5,690	€5,934	€3,053	€2,471	▼ 19.1%
Equity and liabilities
Total equity and liabilities10/49	€129,333	€134,255	€137,724	€121,781	€117,436	▼ 3.6%
Equity10/15	€96,327	€98,851	€104,162	€90,038	€56,736	▼ 37.0%
Contributions10/11	€18,592	€18,592	€18,592	€18,592	€18,592	=
Capital10	€18,592	€18,592	€18,592	€18,592	€18,592	=
Issued capital100	€18,592	€18,592	€18,592	€18,592	€18,592	=
Reserves13	€69,252	€71,776	€77,087	€77,087	€77,087	=
Non-distributable reserves130/1	€1,859	€1,859	€1,859	€1,859	€1,859	=
Legal reserve130	€1,859	€1,859	€1,859	€1,859	€1,859	=
Distributable reserves133	€67,393	€69,917	€75,228	€75,228	€75,228	=
Profit (loss) carried forward14	€8,483	€8,483	€8,483	-€5,641	-€38,942	▼ 590%
Amounts payable17/49	€33,006	€35,404	€33,562	€31,743	€60,700	▲ 91.2%
Amounts payable within one year42/48	€32,982	€34,675	€32,834	€31,743	€60,397	▲ 90.3%
Current portion of amounts payable after more than one year42	€325	€1,725	€1,725	€1,725	€1,400	▼ 18.8%
Trade debts44	€2,245	€1,898	€2,944	€528	€1,979	▲ 275%
Suppliers440/4	€2,245	€1,898	€2,944	€528	€1,979	▲ 275%
Taxes, remuneration and social security45	€3,535	€3,185	€4,074	€1,162	€100	▼ 91.4%
Taxes450/3	€3,535	€3,185	€4,074	€1,162	€100	▼ 91.4%
Other amounts payable47/48	€26,877	€27,867	€24,091	€28,328	€56,918	▲ 101%
Accrued charges and deferred income492/3	€24	€729	€728	-	€303	-

Line	2021	2022	2023	2024	2025	Change
Profit (loss) for the period9904	€3,732	€2,523	€5,311	-€14,124	-€33,301	▼ 136%
+ Depreciation and write-downs630	€11,433	€7,733	€7,984	€7,842	€7,568	▼ 3.5%
Operating cash flow (approximation)	€15,165	€10,256	€13,295	-€6,281	-€25,733	▼ 310%
Investment in fixed assets (approximation)	-	-€6,015	-€1,696	-€12,317	€0	▲ 100%
Change in cash	-	€6,484	€9,513	-€28,927	€7,159	▲ 125%

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

Download as CSV

Timeline · acts, filings and financial milestones

All 14Financial 3Gazette 1Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

02-07

State Gazette act Resignations & appointments · Restructuring · End & cessation

Merger · Accounting effect · Shareholding15 facts ▸

General meeting, 18-06-2026
General meeting, adoptée à l'unanimité des voix, Première résolution:Rapports et déclarations préalables
General meeting, adoptée à l'unanimité des voix, Deuxième résolution:Constatation
Merger, fusion par absorption par voie de transfert, dissolution sans liquidation de COBEA,transfert intégralité patrimoine activement et passivement à IMAGERIE MEDICAL…
Accounting effect, 01-01-2026
Shareholding, intégralité des fonds propres de COBEA détenue par IMAGERIE MEDICALE HELMET
Share cancellation, actions émises par société absorbée détenues par absorbante, annulées
Other statement, adoptée à l'unanimité des voix, avantages particuliers fusion
Real estate, vient à droits et actions baux,respecte occupations,agit avec occupants modes,conditions,renons,objets, Schaerbeek - deuxième division
Other statement, adoptée à l'unanimité des voix, accord bancaire et sols pollués et dispense inscription
Dissolution, adoptée à l'unanimité des voix, dissolution sans liquidation,cesse d'exister sous réserve article 12:13
Power of attorney
+3 further facts in this act

30-06

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

31-12

Financial Weakest financial yearnet -€33,301

Net result drops to -€33,301, the lowest in the series.

30-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

29-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 29 days late

2023

31-12

Financial Equity above €100,000Eq €104,162 ▲5.4%

4 profitable years in a row build equity to €104,162.

30-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

30-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 30 days late

2021

30-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 30 days late

2020

31-12

Financial Back to profitnet €10,364

Net result €10,364 after one loss-making year.

30-10

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 91 days late

2019

30-07

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

27-08

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 27 days late

2017

31-08

NBB filing Annual accounts filed

fiscal year 2016 · micro schema · 31 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

1 of 3 acts read

About the unread acts

Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 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

3 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.

Location & real-estate footprint

Registered office, Sint-Lambrechts-Woluwe

exact location from the address register On OpenStreetMap

Ground area

1.7 ha

Building footprint

4,103 m²

Volume, LiDAR

71,426 m³

Parcel 21672C0070/00X000, Brussels · tallest building 44.1 m, ±4 floors. Linked by address, not a title deed.

9 companies at this address See who is registered here

1 parcel

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21672C0070/00X000	Brussels	1.7 ha	1 · 4,103 m²	44.1 m · 4 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.

Articles of association

Other statement

Adoptée à l'unanimité des voix, description du patrimoine transféré et conditions du transfert

according to the deed of 02-07-2026

Structure & network

Owners and holdings

1 owner

Chain of control

IMAGERIE MEDICALE HELMET 100%
COBEA

Highest known parent: IMAGERIE MEDICALE HELMET. The sources do not say who stands above it.

Owners 1

IMAGERIE MEDICALE HELMETparent

Sourceact 02-07-2026act 10-07-2026accounts IMAGERIE MEDICALE HELMET 2022

100%

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts 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:IMAGERIE MEDICALE HELMET

BE 0465.667.997dissolution sans liquidation · State Gazette act of 10-07-2026 (2 acts)

Capital and shareholders

Shareholders according to the acts

Stated in the act act of 02-07-2026 ↗

IMAGERIE MEDICALE HELMET (BE 0465.667.997) all shares

The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.

Similar companies · same sector, comparable size

Antwerpen · Eq €56,731

Clo'zer

BE 0730.798.295

La Louvière · Eq €56,729

Of 82,641 companies in sector 70200 we hold annual accounts for 52,636. 38,736 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification

Legal formPrivate limited company

Founded01-10-1986

Fiscal year end31-12

Activities, NACEBEL 2025

70200Business and other management consultancy

78200Temporary employment agencies and other provision of personnel

Contact

E-mail beatrice.donnet@gmail.com

Phone 0474/478524

E-invoicing

Reachable via Peppol

Peppol ID 0208:0429659916

Also 9925:BE0429659916

Registered 30-03-2026

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

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