Equity
€12.1m ▲ 7.8%
COBEFA has made a profit in every financial year since 2007.
COBEFA
Lifetime
19 annual accounts with figures on one time axis, 29 filings since 1997peak €34.1m (2025)
€34.1m▲ 21.2%
peak €2.8m (2023)
€1.0m▼ 41.3%
peak €12.1m (2025)
€12.1m▲ 7.8%
€19.8m▲ 20.4%
peak 39.5 FTE (2025)
39.5 FTE▲ 15.5%
Board5 names since 2014
3 directorsDHP CONCRETE and 2 others
Owners4 names in the annual accounts
49.97%JD CONCRETE and 2 others
Documentsfilings and deeds
24-04-20266 days before the deadline
2025financial year
Turnover from €28.1m to €34.1mResult from €1.8m to €1.0mStaff from 34.2 FTE to 39.5 FTEReappointment: FIGURAD BEDRIJFSREVISOREN (statutory auditor) 22-07Dividend €200,000Debts from €16.5m to €19.8m
Key points
from the 2025 annual accountsResult
€1.0m ▼ 41.3%
The result fell in 2025 from €1.8m to €1.0m.
Investments
€7.0m 2.1 × depreciation
Green is investment, beige is depreciation. Machinery stands 60.0% higher than in 2024.
Staff
48 employees on 30-09-2025
In 2025, 33 people joined and 20 left. On top of that, 18 agency workers worked there on average.
Payment terms
79 days to suppliers
COBEFA pays its suppliers 8 days earlier than in 2024. Customers pay 19 days earlier.
Filings
29 annual accounts since 1997
The last five annual accounts were filed 5 to 37 days before the end of the period.
Checked score
93
Excellent
Financially stronger than 58% of small companies in non-metallic mineral products (NACE 23)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 233 companies (NACE 23, small).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%lowest value
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026highest value
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 1.48, cash €1.3m
lowers risk
Sector: Manufacture of other non-metallic mineral products (NACE 23)
Size: turnover €34.1m, 39.5 FTE, total assets €32.0m
Founded in 1996
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 23, small). It does better than 42% of them on solvency, 42% on liquidity, 66% on profitability and 81% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 14,766 companies had the same profile as COBEFA has now. Each dot stands for 37 companies, two years later.
96.2%
were still trading
3.5%
stopped another way
0.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of COBEFA itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 14,766 companies, not a prediction for COBEFA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €1,100,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.48 (1.58 in 2024), below the usual 1.5. Short-term debt is 30.9% and cash 3.9% of total assets. 62.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 24-04-2026, 6 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
6 days early
2024
5 days early
2023
28 days early
2022
37 days early
2021
33 days early
2020
on the day
2019
28 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 20 days before the deadline. In the sector (NACE 23), the median for financial year 2024 was 10 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 3 April (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end11-11-2026 today30-04-2027 deadline
Board and ownership
- JD CONCRETE 49.97%score 94equity €3.9m (2025) · 2025 annual accounts of JD CONCRETE
- OH-Concrete 40%equity €2.6m (2025) · 2025 annual accounts of OH-Concrete
- DHP CONCRETE 10.03%score 86equity €5.3m (2025) · 2025 annual accounts of DHP CONCRETE
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0456939779
Reappointment: FIGURAD BEDRIJFSREVISOREN (statutory auditor)
General meeting of 31-03-2025 · Gazette deed
Merger: Cobefa takes over COBITRAC
Changes of role: DHP CONCRETE, JD CONCRETE and OH-Concrete · Permanent representatives: HERPOELAERT Dirk Ignaas, DECOCK Jeroen and HERPOELAERT Olivier · “Toutes opérations en rapport avec la fabrication, le commerce de gros et de détail, de produits et d'articles…” (deed in French) · General meeting of 14-06-2022 · Gazette deed
Reappointment: FIGURAD BEDRIJFSREVISOREN BV (statutory auditor)
Permanent representative: Dirk HERPOELAERT · General meeting of 24-03-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| COBEFA Comines-Warneton | €34.1m | 5.0% | 37.9% | 39.5 |
| INTER SHIPPING Bornem | €25.0m | 5.0% | 17.2% | 45.8 |
| BETONFABRIEK DE BONTE EN VAN HECKE Waasmunster | €25.1m | 5.3% | 30.2% | 60.3 |
| COVARI Niel | €49.2m | 0.4% | 22.7% | 66.1 |
| SEVETON Oudenaarde | €20.8m | 2.5% | 19.2% | 29.8 |
| STRUCTO Bruges | €21.3m | 3.8% | 22.7% | 41.2 |
| WINDMOLDERS BETON Herk-de-Stad | €19.0m | 14.9% | 91.5% | 48 |
Grey: the largest companies of the sector (non-metallic mineral products (NACE 23)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as COBEFA: manufacture of other non-metallic mineral products (NACE 23610). They are comparable in size and age: total assets between €20m and €33m, founded between 1991 and 2000.
Official details
Source: KBO- Status
- Active since 05-01-1996Normal situation
- Activity
- Manufacture of other non-metallic mineral productsNACE 23610and 1 other
- Joint committee
- 106.02Concrete industry · annual accounts 30-09-2024
- Establishment unit
- 2.075.063.2937780 Comines-Warneton, since 06-02-1996
- Financial year end
- 30 September
- Peppol
- Reachable since 10-12-2025
Annual accounts to 30-09-2025
- €32.0m▲ 15.3%
- Employeeson 30-09-2025
- 48▲ 37.1%
- Filing
- Filed on 24-04-2026, 6 days before the end of the filing period
Insights on COBEFA
COBEFA has existed since 1996. Turnover grew from €9.2m in 2007 to €34.1m in 2025 and staff from 24.5 to 39.5 full-time equivalents.
Turnover has grown every year since 2022.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about COBEFA
- What is the company number of COBEFA?
- The company number of COBEFA is 0456.939.779. The VAT number is the same number with BE in front: BE 0456.939.779.
- Where is COBEFA based?
- The registered office is at Linteweversstraat 21, 7780 Comines-Warneton.Company details
- What does COBEFA do?
- According to the KBO register, the main activity is manufacture of other non-metallic mineral products (NACE 23610).
- What is the legal form of COBEFA?
- COBEFA is a private limited company (BV).
- When was COBEFA founded?
- COBEFA was founded on 05-01-1996.
- Is COBEFA still active?
- Yes, COBEFA is an active enterprise in the KBO register.
- How many employees does COBEFA have?
- COBEFA had an average of 39.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does COBEFA fall under?
- In its 30-09-2024 annual accounts, COBEFA states joint committee 106.02 (Concrete industry).
- What is the turnover of COBEFA?
- The turnover of COBEFA was €34.1m in financial year 2025, according to the filed annual accounts.
- Is COBEFA profitable?
- In financial year 2025, COBEFA made a profit of €1.0m.
- Where can I find the annual accounts of COBEFA?
- COBEFA filed 29 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of COBEFA due?
- COBEFA must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
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