COBELAL
ActiveCOBELAL has been active since 1971 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €36.68M and a net result of €2.13M. Equity is shrinking by ~4.9% per year across the filed fiscal years. Its solvency ranks better than 70% of 4860 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability60▲+30
Solvency89▼-6
Growth37▼-2
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2M at 30 days acceptable
Liquidity ample (current ratio 2.06 against 2.89 in 2024; short-term debt: 35.1% and cash: 0.5% of total assets), and 36.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
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
63.8%
Return on assets
3.7%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 28-04-2026, 94 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
94 d early
2024
20 d early
2023
96 d early
2022
98 d early
2021
89 d early
2020
100 d early
2019
66 d early
← before the deadline
after the deadline →
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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€110.00M▼ 7.5%
2024 · €118.90M
2018: €84.69M
2019: €96.76M
2020: €106.43M
2021: €121.09M
2022: €114.16M
2023: €116.15M
2024: €118.90M
2018 → 2025
EBIT margin
2.6%▲ 2.4pp
2024 · 0.2%
2018: 16.2%
2019: 0.5%
2020: -1.6%
2021: 1.6%
2022: 2.4%
2023: 1.2%
2024: 0.2%
2018 → 2025
Net result
€2.13M
2024 · €-236k
2018: €11.57M
2019: €-401k
2020: €26.10M
2021: €1.67M
2022: €1.36M
2023: €1.17M
2024: €-236k
2018 → 2025
Working capital
€21.51M▼ 19.5%
2024 · €26.71M
2018: €26.13M
2019: €26.32M
2020: €65.86M
2021: €26.69M
2022: €31.24M
2023: €25.98M
2024: €26.71M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€121.09M-€114.16M▼ 5.7%€116.15M▲ 1.7%€118.90M▲ 2.4%€110.00M▼ 7.5%
Equity€38.58M-€33.62M▼ 12.9%€34.79M▲ 3.5%€34.55M▼ 0.7%€36.68M▲ 6.2%
Operating result€1.93M-€2.79M▲ 44.3%€1.38M▼ 50.7%€192k▼ 86.0%€2.86M▲ 1,385%
Net result€1.67M-€1.36M▼ 18.5%€1.17M▼ 14.1%€-236k€2.13M
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 1,385% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €57.54M
Fixed assets
€15.84M▲ 88.5%
Current assets
€41.70M▲ 2.0%
Equity and liabilities €57.54M
Equity
€36.68M▲ 6.2%
Provisions
€546k▲ 7.0%
Debt
€20.31M▲ 42.9%
The debt ratio rises from 28.8% to 35.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€3.42M▲
2024 · €787k
Cash flow
€2.69M▲
2024 · €359k
Solvency
63.8%▼
2024 · 70.1%
Current ratio
2.06▼
2024 · 2.89
Quick ratio
0.72▼
2024 · 1.37
Debt / equity
0.55▲
2024 · 0.41
ROE
5.8%▲
2024 · -0.7%
ROA
3.7%▲
2024 · -0.5%
Interest coverage
74.09▲
2024 · 1.88
Debt
€20.31M▲
2024 · €14.21M
Debt ≤ 1 year
€20.20M▲
2024 · €14.16M
Income taxes
€732k▲
2024 · €154k
Staff costs
€3.13M▼
2024 · €3.66M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€49.28M€57.54M▲
Fixed assets21/28€8.40M€15.84M▲
Intangible fixed assets21€528k€0▼
Tangible fixed assets22/27€229k€194k▼
Land and buildings22€85k€62▼
Plant, machinery and equipment23€23k€19k▼
Furniture and vehicles24€88k€175k▲
Other tangible fixed assets26€0€0=
Assets under construction and advance payments27€34k€0▼
Financial fixed assets28€7.64M€15.64M▲
Affiliated companies280/1€7.63M€15.63M▲
Participating interests280€7.63M€15.63M▲
Other financial fixed assets284/8€9k€9k=
Amounts receivable and cash guarantees285/8€9k€9k=
Current assets29/58€40.88M€41.70M▲
Stocks and contracts in progress3€21.48M€27.12M▲
Stocks30/36€21.48M€27.12M▲
Goods purchased for resale34€21.48M€27.12M▲
Amounts receivable within one year40/41€19.18M€14.30M▼
Trade receivables40€19.04M€14.07M▼
Other amounts receivable41€131k€223k▲
Cash at bank and in hand54/58-€266k
Deferred charges and accrued income490/1€220k€24k▼
Equity and liabilities
Total equity and liabilities10/49€49.28M€57.54M▲
Equity10/15€34.55M€36.68M▲
Contributions10/11€21.64M€21.64M=
Reserves13€12.92M€15.05M▲
Tax-exempt reserves132€1.49M€1.49M=
Distributable reserves133€11.43M€13.56M▲
Provisions and deferred taxes16€510k€546k▲
Provisions for liabilities and charges160/5€510k€546k▲
Other liabilities and charges164/5€510k€546k▲
Amounts payable17/49€14.21M€20.31M▲
Amounts payable within one year42/48€14.16M€20.20M▲
Financial debts43€2.41M€3.97M▲
Credit institutions430/8€0-
Other loans439€2.41M€3.97M▲
Trade debts44€10.44M€14.88M▲
Suppliers440/4€10.44M€14.88M▲
Advances received on contracts in progress46€385k€55k▼
Taxes, remuneration and social security45€924k€1.29M▲
Taxes450/3€103k€770k▲
Remuneration and social security454/9€822k€517k▼
Accrued charges and deferred income492/3€53k€115k▲
Income statement
Code20242025
Operating income70/76A€119.67M€111.53M▼
Turnover70€118.90M€110.00M▼
Other operating income74€668k€567k▼
Non-recurring operating income76A€110k€964k▲
Operating charges60/66A€119.48M€108.67M▼
Goods for resale, raw materials and consumables60€108.03M€99.60M▼
Purchases600/8€103.38M€104.29M▲
Change in stocks: decrease (increase)609€4.65M€-4.69M▼
Services and other goods61€7.07M€6.04M▼
Remuneration, social security and pensions62€3.66M€3.13M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€595k€563k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-462k€-887k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€460k€36k▼
Other operating charges640/8€119k€170k▲
Non-recurring operating charges66A€8k€3k▼
Operating profit (loss)9901€192k€2.86M▲
Financial income75/76B€283k€83k▼
Recurring financial income75€283k€83k▼
Income from current assets751€283k€64k▼
Other financial income752/9€3€18k▲
Non-recurring financial income76B€0-
Financial charges65/66B€558k€79k▼
Recurring financial charges65€558k€79k▼
Debt charges650€419k€46k▼
Other financial charges652/9€139k€33k▼
Profit (loss) for the period before taxes9903€-82k€2.86M▲
Income taxes67/77€154k€732k▲
Taxes670/3€269k€824k▲
Tax adjustments and reversals of tax provisions77€116k€92k▼
Profit (loss) for the period9904€-236k€2.13M▲
Transfer to tax-exempt reserves689€632k-
Profit (loss) for the period to be appropriated9905€-868k€2.13M▲
Appropriation of the result
Profit (loss) to be appropriated9906€-868k€2.13M▲
Transfer from equity791/2€868k-
From reserves792€868k-
Transfer to equity691/2-€2.13M
To other reserves6921-€2.13M
Social balance
Average headcount (FTE)908735.732.9▼
The notes to these accounts (70 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-08
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Director appointment6 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Director appointment6 facts ▸
- General meeting, 07/04/2026
- Director resignation, Paul Deleu ((gedelegeerd) bestuurder)
- Director appointment, Arvesta Belgium (bestuurder)
- Permanent representative, Jurgen Van Eetvelde
- Permanent representative, Kris Moerman
- Auditor appointment, Ernst & Young Bedrijfsrevisoren BV (commissaris)
28-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €2.13M
Net result €2.13M after one loss-making year.
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
26-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
24-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
03-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
22-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €26.10M
Net result €26.10M after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 4.24
Current ratio from 1.98 to 4.24; short-term debt falls from €26.79M to €20.32M.
31-12
Financial
Equity above €50MEq €71.91M ▲56.6%
Equity rises from €45.92M to €71.91M.
26-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €-401k ▼103%
Net result drops to €-401k, the lowest in the series; recovery starts the following year.
03-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
25-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
25-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2026
Arvesta Belgium
CurrentDirector · since 01-04-2026 · Private limited company · perm. rep.: Jurgen Van Eetvelde
01-04-2026
Arvesta Belgium: Appointed as Director
31-03-2026
Paul Deleu: Resigned as (gedelegeerd) bestuurder
Location & real-estate footprint
Registered office, Leuven · 13 establishment units since 1993
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Aarschotsesteenweg 843012 LeuvenGround area
10.5 ha
Building footprint
5.4 ha
Volume, LiDAR
146,598 m³
13 parcels, Flanders, Wallonia · tallest building 18.2 m, ±4 floors. Linked by address, not a title deed.
13 establishment units
COBELAL
since 19932.006.086.593
Le Bon Grain
since 20182.276.882.483
Cofabel Kruisem
since 20202.313.002.216
Cofabel Olen
since 20202.309.633.841
Cobelal-Cofabel Lokeren
since 20212.320.805.370
Aarschotsesteenweg 84, 3012 Leuven
since 20212.324.995.671
Show 7 more locations
Cobelal-Cofabel Ciney
since 20212.324.994.681
Cobelal/Cofabel Sombreffe
since 20252.376.224.935
Cobelal/Cofabel Bree
since 20252.376.226.222
Cobelal/Cofabel Brugelette
since 20252.376.226.618
Cobelal/Cofabel Agriparc
since 20252.376.228.794
Cobelal/Cofabel Centraal Magazijn
since 20252.376.229.388
Cobelal/Cofabel Sint-Truiden
since 20252.376.229.982
13 parcels
Flanders
10
(76.9%)
Wallonia
3
(23.1%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24126D0145/00R003 | Flanders | 4.5 ha | 1 · 3.5 ha | - |
| 13029E0540/00C000 | Flanders | 1.0 ha | 1 · 3,248 m² | 8.2 m · 2 fl. |
| 24126D0145/00P003 | Flanders | 9,979 m² | 1 · 2,676 m² | 8.5 m · 2 fl. |
| 11422C0269/00K007 | Flanders | 9,616 m² | 1 · 4,513 m² | 18.2 m · 4 fl. |
| 92074A0487/00A000 | Wallonia | 9,195 m² | 1 · 1,172 m² | - |
| 72004C0333/00M023 | Flanders | 5,385 m² | 1 · 1,679 m² | 9.8 m · 3 fl. |
| 46382B1439/00M000 | Flanders | 4,507 m² | 1 · 1,916 m² | 8.0 m · 2 fl. |
| 71009A0062/00L000 | Flanders | 4,175 m² | 1 · 2,520 m² | 8.1 m · 2 fl. |
| 91030B0205/00_000 | Wallonia | 2,379 m² | - | - |
| 24126B0233/00F006 | Flanders | 1,857 m² | 1 · 891 m² | 11.8 m · 2 fl. |
| 51012B0865/00A000 | Wallonia | 1,413 m² | - | - |
| 45017D0043/00C002 | Flanders | 1,121 m² | 1 · 175 m² | 7.4 m · 2 fl. |
| 23032E0283/00L002 | Flanders | 624 m² | 1 · 69 m² | 5.7 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 12
13 of 13 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Statutory auditor
1 auditor| Ernst & Young Bedrijfsrevisoren BVCurrent Statutory auditor · represented by e8 | 11-08-2026 → present |
Structure & network
Connections & network
2 connected companiesNetwork connections
Shared corporate director
→
Shared corporate director
→
Ownership & control
1 partyControl over this companysits on this company's board1
3 subsidiaries · 11 locations
controls
COBELALBE 0408.456.706
Recognitions · licences · registrations
Food safety, FASFC
1 siteAntwerpen2.276.882.483
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Of 806 companies in sector 46610 we hold annual accounts for 566. 58 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-07-1971
Fiscal year end31-12
Activities, NACEBEL
46610Wholesale trade
51880
74142
28300Manufacture of machinery and equipment not elsewhere classified
33120Repair and maintenance of machinery
46711Wholesale of cars and light vans (up to 3.5 tonnes)
45112
47811Retail sale of cars and light vans (up to 3.5 tonnes)
46712Wholesale trade
45192
47812Retail trade
45194
95319Other maintenance and repair of motor vehicles
45310
46180Agents specialised in the wholesale of other particular products
46713Wholesale trade
46720Wholesale of motor vehicle parts and accessories
64200Holdings
64210Activities of holding companies
70200Business and other management consultancy
70220Business consulting
77310Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.