COBEL FLANDERS
ActiveFrom the official registers: KBO 25 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
COBEL FLANDERS has been active since 2000 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €15.1m and a net result of -€1.8m. Equity has been growing by about 5.5% per year since 2018. Its solvency ranks better than 44% of 11,235 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Official details
KBO- Status
- Active since 28-04-2000 Normal situation
- Registered office
- 17 active companies are registered at this address Source: KBO register, as of 1 November 2026.
- Activity
- Development of non-residential building projects NACE 68122and 3 others
- Establishment unit
- 2.099.658.337 2600 Antwerpen, since 10-07-2000
- Financial year end
- 31 December
- Peppol
- Reachable since 17-11-2025
Board and ownership
- MERNO IMMODirector · since 30-05-2018 · permanent representative Wim Kinnet
- Hamal ChristopheDirector · since 21-10-2022
- BALOISE BELGIUM100%annual accounts 2025
- Helvetia Baloise Holding AGconsolidatesannual accounts 2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €4.6m
- ▼ 0.7%
- Turnover
- ≈ €6.0m
- estimated
- Loss
- €1.8m
- Equity
- €15.1m
- ▼ 10.8%
- Total assets
- €60.4m
- ▼ 11.1%
Score breakdownraises riskLiquidity: current ratio 47.42, cash €594,589, halvedlowers riskSize: total assets €60.4mFigures for financial year 2025 (filed on 11-06-2026)Legal form: public limited companyShow the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 68, large). It does better than 44% of them on solvency, 66% on liquidity, 15% on profitability and 22% on growth.
The bankruptcy probability was computed on 31-10-2026 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.
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).
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Signals
The company filed its last 7 accounts on average 53 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
Key points
Comparable companies
These companies have the same main activity as COBEL FLANDERS: development of non-residential building projects (NACE 68122). They are comparable in size and age: total assets between €21m and €93m, founded between 1989 and 2008.
| Company | Total assets | Gross margin |
|---|---|---|
| COBEL FLANDERS Antwerpen | €60.4m | €4.6m |
| LIVACO Brussel | €35.5m | €3.4m |
| DOMEIN CULLIGAN Elsene | €78.2m | €6.6m |
| IMMO DE MEEUS Sint-Joost-ten-Node | €26.0m | €4.6m |
| HANA GENII SQM Sint-Joost-ten-Node | €93.4m | €9.3m |
| PROLOGIS BELGIUM I Antwerpen | €21.2m | €1.9m |
| VLAECO Stabroek | €25.0m | €0.8m |
Documents
Annual accounts at the NBB
- Annual accounts 2025filed on 09-06-2026
- Annual accounts 2024filed on 10-06-2025
- Annual accounts 2023filed on 11-06-2024
- Annual accounts 2022filed on 31-05-2023
Acts in the Belgian Official Gazette
- Resignations & appointmentsact of 22-09-2025
- Purpose · Amendment of the articlesact of 05-01-2024
- Capital & shares · Resignations & appointmentsact of 28-06-2023
- Resignations & appointmentsact of 23-12-2022
Articles and registers
- Coordinated articles of associationnotaries' database
- Entry in the KBO registerKBO Public Search
- Check the withholding obligationwith enterprise number 0471.783.452
Key facts about COBEL FLANDERS
- What is the company number of COBEL FLANDERS?
- The company number of COBEL FLANDERS is 0471.783.452. The VAT number is the same number with BE in front: BE 0471.783.452.
- Where is COBEL FLANDERS based?
- The registered office is at Posthofbrug 16, 2600 Antwerpen.Company details
- What does COBEL FLANDERS do?
- According to the KBO register, the main activity is development of non-residential building projects (NACE 68122).
- What is the legal form of COBEL FLANDERS?
- The legal form of COBEL FLANDERS is Public limited company (NV).
- When was COBEL FLANDERS founded?
- COBEL FLANDERS was founded on 28-04-2000.
- Is COBEL FLANDERS still active?
- Yes, COBEL FLANDERS is an active enterprise in the KBO register.
- What is the turnover of COBEL FLANDERS?
- The turnover in financial year 2025 is ≈ €6.0m. This figure is estimated from the gross margin of €4.6m and 39 comparable companies (NACE 681). It probably lies between €4.7m and €14.0m. In financial year 2020 turnover was €5.0m.Financials
- Is COBEL FLANDERS profitable?
- In financial year 2025, COBEL FLANDERS made a loss of €1.8m.
- Where can I find the annual accounts of COBEL FLANDERS?
- COBEL FLANDERS filed 25 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts 2025 (PDF)
- When are the next annual accounts of COBEL FLANDERS due?
- COBEL FLANDERS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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