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Cobelfret

Active
Public limited companyfounded 197650 yrs activeSneeuwbeslaan 14, 2610 Antwerpen, BelgiumKBO/BCE: BE 0416.221.852
Summary

Cobelfret has been active since 1976 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of USD 53.8m and a net result of USD 18.0m. Its solvency ranks better than 88% of 734 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).

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CobelfretActiveChecked score 79/100
Risk analysis Report Compare

Checked score

Score 2024
79 / 100
Excellent
Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability83▲+23
Solvency100▲+12
Growth-
Track record100
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Six 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 50 years 0 60 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 52
Relative position
BE, all sectors
reference
Warehousing and support activities for transportation (NACE 52)
about 72% 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 2024
Solvency, return and age of the figures
Solvency
76.8%
Return on assets
25.7%
Age of the figures
21 mo
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-06-2025, 38 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2024
38 d early
2023
53 d late
2022
328 d late
2021
20 d early
2020
7 d early
2019
35 d early
2018
19 d early
← 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 37 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (1)
neutral · 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

Cobelfret was incorporated on 19 May 1976.1 The registered office moved to Zeebrugge in 2016 and to Antwerpen in 2021.23 The name was changed to SCALDIAN in 2021 and to Cobelfret in 2022.45 In 2021 the capital was increased by EUR 11 million to EUR 16 million.6 The board currently has 8 members; CIGRANG Christian Léon has served longest, since 2021.4 Revenue grew from EUR 31 million in 2021 to EUR 167 million in 2023 and headcount from 7.1 full-time equivalents in 2019 to 52.4 in 2023.7

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 18-03-2016
  3. 3Belgian State Gazette, 22-04-2021
  4. 4Belgian State Gazette, 07-04-2021
  5. 5Belgian State Gazette, 12-01-2022
  6. 6Belgian State Gazette, 13-01-2021
  7. 7National Bank, annual accounts 2019, 2021 and 2023

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Financials · fiscal year 2024, full schema

Amounts retain their source currency, without conversion. Different currencies are not compared or combined in one chart; mixed amounts within a fiscal year are withheld.

Turnover
USD 249.1m
2023 · €166.5m
EBIT margin
7.0%▲ 5.5pp
2023 · 1.5%
Net result
USD 18.0m
2023 · €2.3m
Working capital
USD 42.9m
2023 · €17.1m
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Turnover€31.0m€150.8m▲ 387%€166.5m▲ 10.4%USD 249.1m
Operating result-€344,457▼ 462%€6.2m€9.0m▲ 46.2%€2.5m▼ 72.7%USD 17.4m
Net result-€298,488€6.1m€10.2m▲ 65.9%€2.3m▼ 77.0%USD 18.0m
EBIT margin19.9%6.0%▼ 13.9pp1.5%▼ 4.5pp7.0%▲ 5.5pp
Equity€6.2m▼ 4.6%€23.3m▲ 278%€33.4m▲ 43.6%€35.8m▲ 7.0%USD 53.8m
Total assets€6.2m▼ 47.1%€26.1m▲ 318%€79.1m▲ 204%€56.6m▼ 28.4%USD 70.1m
Debt€83,118▼ 98.4%€2.8m▲ 3,240%€29.6m▲ 968%€19.1m▼ 35.6%USD 16.2m
Working capital€2.9m▼ 0.9%€5.3m▲ 87.4%€26.6m▲ 398%€17.1m▼ 35.6%USD 42.9m
Solvency98.7%above the sector's middle half▲ 44.0pp89.3%above the sector's middle half▼ 9.3pp42.2%within the sector's middle half▼ 47.1pp63.2%above the sector's middle half▲ 20.9pp76.8%above the sector's middle half▲ 13.6pp
Current ratio52.50above the sector's middle half▲ 50.963.02above the sector's middle half▼ 49.492.33above the sector's middle half▼ 0.682.73above the sector's middle half▲ 0.406.13above the sector's middle half▲ 3.40
Return on assets (ROA)-4.8%below the sector's middle half▼ 8.9pp23.5%above the sector's middle half▲ 28.3pp12.8%above the sector's middle half▼ 10.7pp4.1%within the sector's middle half▼ 8.7pp25.7%above the sector's middle half▲ 21.6pp
Staff (FTE)7within the sector's middle half▼ 1.4%19.4within the sector's middle half▲ 177%46.5within the sector's middle half▲ 140%52.4within the sector's middle half▲ 12.7%36.3within the sector's middle half▼ 30.7%
above within below the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
  • 2021 Equity +278%, Total assets +318% on 2020. Capital increase of €11,000,000 (Official Gazette 13-01-2021).
  • 2021 Staff (FTE) +177% on 2020. The accounts now follow the full schema, last year the abbreviated schema.
Balance-sheet composition
Assets USD 70.1m
Fixed assets USD 18.8m
Current assets USD 51.3m
Equity and liabilities USD 70.1m
Equity USD 53.8m
Provisions USD 45,434
Debt USD 16.2m
Debt's share of the balance-sheet total falls from 33.7% to 23.2%.
Key figures and ratios
2024 value · change against 2023
EBITDA
USD 18.3m
2023 · €5.5m
Cash flow
USD 18.9m
2023 · €5.4m
Quick ratio
5.41▲
2023 · 2.23
Debt to equity
0.30▼
2023 · 0.53
ROE
33.5%▲
2023 · 6.5%
Interest coverage
24.27▲
2023 · 8.02
Debt ≤ 1 year
USD 8.4m
2023 · €9.9m
Debt > 1 year
USD 7.8m
2023 · €8.5m
Income taxes
USD 30,178
2023 · €137,628
Staff costs
USD 4.9m
2023 · €5.2m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 76 lines
Balance sheet Code20232024
Assets
Total assets20/58€56.6mUSD 70.1m
Fixed assets21/28€29.6mUSD 18.8m
Tangible fixed assets22/27€29.6mUSD 18.1m
Plant, machinery and equipment23€214,544USD 184,903
Furniture and vehicles24€29.4mUSD 18.0m
Financial fixed assets28€2,489USD 661,628
Affiliated companies280/1€2,489USD 2,489
Participating interests280€2,489USD 2,489
Other financial fixed assets284/8-USD 659,139
Amounts receivable and cash guarantees285/8-USD 659,139
Current assets29/58€27.0mUSD 51.3m
Stocks and contracts in progress3€5.0mUSD 6.0m
Stocks30/36€5.0mUSD 6.0m
Raw materials and consumables30/31€5.0mUSD 6.0m
Amounts receivable within one year40/41€4.9mUSD 3.8m
Trade receivables40€4.8mUSD 3.3m
Other amounts receivable41€79,465USD 488,771
Current investments50/53€11.1mUSD 37.6m
Other investments51/53€11.1mUSD 37.6m
Cash at bank and in hand54/58€4.1mUSD 1.4m
Deferred charges and accrued income490/1€2.0mUSD 2.5m
Equity and liabilities
Total equity and liabilities10/49€56.6mUSD 70.1m
Equity10/15€35.8mUSD 53.8m
Contributions10/11€16.0mUSD 16.0m
Capital10€16.0mUSD 16.0m
Issued capital100€16.0mUSD 16.0m
Reserves13€1.4mUSD 1.6m
Non-distributable reserves130/1€1.4mUSD 1.6m
Legal reserve130€1.4mUSD 1.6m
Profit (loss) carried forward14€18.3mUSD 36.2m
Provisions and deferred taxes16€1.8mUSD 45,434
Provisions for liabilities and charges160/5€1.8mUSD 45,434
Other liabilities and charges164/5€1.8mUSD 45,434
Amounts payable17/49€19.1mUSD 16.2m
Amounts payable after more than one year17€8.5mUSD 7.8m
Financial debts170/4€8.5mUSD 7.8m
Credit institutions173€8.5mUSD 7.8m
Amounts payable within one year42/48€9.9mUSD 8.4m
Current portion of amounts payable after more than one year42€1.1mUSD 1.2m
Trade debts44€8.4mUSD 6.9m
Suppliers440/4€8.4mUSD 6.9m
Taxes, remuneration and social security45€403,534USD 311,208
Remuneration and social security454/9€403,534USD 311,208
Accrued charges and deferred income492/3€685,119USD 98,155
Income statement Code20232024
Operating income70/76A€167.7mUSD 268.0m
Turnover70€166.5mUSD 249.1m
Other operating income74€1.2mUSD 1.0m
Non-recurring operating income76A-USD 17.9m
Operating charges60/66A€165.2mUSD 250.6m
Goods for resale, raw materials and consumables60€169.3mUSD 243.7m
Purchases600/8€166.6mUSD 244.7m
Change in stocks: decrease (increase)609€2.7m-USD 1.0m
Services and other goods61€1.9mUSD 2.8m
Remuneration, social security and pensions62€5.2mUSD 4.9m
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3.1mUSD 903,166
Provisions for liabilities and charges: additions (uses and reversals)635/8-€14.3m-USD 1.7m
Other operating charges640/8€7,165USD 13,507
Operating profit (loss)9901€2.5mUSD 17.4m
Financial income75/76B€877,852USD 1.8m
Recurring financial income75€877,852USD 1.8m
Income from current assets751€584,074USD 1.6m
Other financial income752/9€293,778USD 105,717
Financial charges65/66B€864,550USD 1.1m
Recurring financial charges65€864,550USD 1.1m
Debt charges650€688,679USD 754,473
Other financial charges652/9€175,872USD 330,660
Profit (loss) for the period before taxes9903€2.5mUSD 18.1m
Income taxes67/77€137,628USD 30,178
Taxes670/3€137,628USD 30,178
Profit (loss) for the period9904€2.3mUSD 18.0m
Profit (loss) for the period to be appropriated9905€2.3mUSD 18.0m
Appropriation of the result
Profit (loss) to be appropriated9906€18.5mUSD 36.4m
Profit (loss) brought forward from the previous period14P€16.1mUSD 18.3m
Transfer to equity691/2€116,835USD 169,428
To the legal reserve6920€116,835USD 169,428
Social balance
Average headcount (FTE)908752.436.3▼

The notes to these accounts (52 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Operating income70/76A--€151.7m€167.7mUSD 268.0m▲ 59.8%
Turnover70-€31.0m€150.8m€166.5mUSD 249.1m▲ 49.6%
Other operating income74--€883,473€1.2mUSD 1.0m▼ 15.7%
Non-recurring operating income76A----USD 17.9m-
Operating charges60/66A--€142.7m€165.2mUSD 250.6m▲ 51.6%
Goods for resale, raw materials and consumables60--€118.0m€169.3mUSD 243.7m▲ 43.9%
Purchases600/8--€123.8m€166.6mUSD 244.7m▲ 46.9%
Change in stocks: decrease (increase)609---€5.8m€2.7m-USD 1.0m▼ 137%
Services and other goods61--€1.7m€1.9mUSD 2.8m▲ 45.2%
Remuneration, social security and pensions62--€4.2m€5.2mUSD 4.9m▼ 6.8%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€282,973€1.2m€2.7m€3.1mUSD 903,166▼ 70.5%
Provisions for liabilities and charges: additions (uses and reversals)635/8--€16.1m-€14.3m-USD 1.7m▲ 87.9%
Other operating charges640/8--€2,977€7,165USD 13,507▲ 88.5%
Gross operating margin9900€309,563-----
Operating profit (loss)9901-€344,457€6.2m€9.0m€2.5mUSD 17.4m▲ 607%
Financial income75/76B--€3.8m€877,852USD 1.8m▲ 99.8%
Recurring financial income75€41,701€462,149€3.8m€877,852USD 1.8m▲ 99.8%
Income from current assets751--€22,147€584,074USD 1.6m▲ 182%
Other financial income752/9--€3.8m€293,778USD 105,717▼ 64.0%
Financial charges65/66B--€2.6m€864,550USD 1.1m▲ 25.5%
Recurring financial charges65€38,353€480,062€2.6m€864,550USD 1.1m▲ 25.5%
Debt charges650-€30,022€223,955€688,679USD 754,473▲ 9.6%
Other financial charges652/9--€2.3m€175,872USD 330,660▲ 88.0%
Profit (loss) for the period before taxes9903-€296,988€6.1m€10.2m€2.5mUSD 18.1m▲ 630%
Income taxes67/77€1,500€27,255€92,290€137,628USD 30,178▼ 78.1%
Taxes670/3--€92,290€137,628USD 30,178▼ 78.1%
Profit (loss) for the period9904-€298,488€6.1m€10.2m€2.3mUSD 18.0m▲ 672%
Profit (loss) for the period to be appropriated9905-€298,488€6.1m€10.2m€2.3mUSD 18.0m▲ 672%
Line20202021202220232024Change
Assets
Total assets20/58€6.2m€26.1m€79.1m€56.6mUSD 70.1m▲ 23.7%
Fixed assets21/28€3.3m€18.1m€32.6m€29.6mUSD 18.8m▼ 36.4%
Tangible fixed assets22/27€3.3m€18.1m€32.5m€29.6mUSD 18.1m▼ 38.7%
Plant, machinery and equipment23--€234,202€214,544USD 184,903▼ 13.8%
Furniture and vehicles24--€32.3m€29.4mUSD 18.0m▼ 38.9%
Financial fixed assets28€2,489€6,498€6,498€2,489USD 661,628▲ 26,479%
Affiliated companies280/1--€2,489€2,489USD 2,489=
Participating interests280--€2,489€2,489USD 2,489=
Other financial fixed assets284/8--€4,009-USD 659,139-
Amounts receivable and cash guarantees285/8--€4,009-USD 659,139-
Current assets29/58€2.9m€8.0m€46.6m€27.0mUSD 51.3m▲ 89.6%
Stocks and contracts in progress3-€1.9m€7.7m€5.0mUSD 6.0m▲ 19.9%
Stocks30/36--€7.7m€5.0mUSD 6.0m▲ 19.9%
Raw materials and consumables30/31--€7.7m€5.0mUSD 6.0m▲ 19.9%
Amounts receivable within one year40/41€19,619€1.4m€12.2m€4.9mUSD 3.8m▼ 21.6%
Trade receivables40--€12.2m€4.8mUSD 3.3m▼ 30.5%
Other amounts receivable41--€52,457€79,465USD 488,771▲ 515%
Current investments50/53--€13.7m€11.1mUSD 37.6m▲ 239%
Other investments51/53--€13.7m€11.1mUSD 37.6m▲ 239%
Cash at bank and in hand54/58€2.9m€3.2m€8.5m€4.1mUSD 1.4m▼ 66.5%
Deferred charges and accrued income490/1--€4.4m€2.0mUSD 2.5m▲ 22.8%
Equity and liabilities
Total equity and liabilities10/49€6.2m€26.1m€79.1m€56.6mUSD 70.1m▲ 23.7%
Equity10/15€6.2m€23.3m€33.4m€35.8mUSD 53.8m▲ 50.5%
Contributions10/11€5.0m€16.0m€16.0m€16.0mUSD 16.0m=
Capital10--€16.0m€16.0mUSD 16.0m=
Issued capital100--€16.0m€16.0mUSD 16.0m=
Reserves13€500,000€806,063€1.3m€1.4mUSD 1.6m▲ 11.8%
Non-distributable reserves130/1--€1.3m€1.4mUSD 1.6m▲ 11.8%
Legal reserve130--€1.3m€1.4mUSD 1.6m▲ 11.8%
Profit (loss) carried forward14€653,752€6.5m€16.1m€18.3mUSD 36.2m▲ 97.5%
Provisions and deferred taxes16--€16.1m€1.8mUSD 45,434▼ 97.4%
Provisions for liabilities and charges160/5--€16.1m€1.8mUSD 45,434▼ 97.4%
Other liabilities and charges164/5--€16.1m€1.8mUSD 45,434▼ 97.4%
Amounts payable17/49€83,118€2.8m€29.6m€19.1mUSD 16.2m▼ 15.0%
Amounts payable after more than one year17--€9.6m€8.5mUSD 7.8m▼ 8.8%
Financial debts170/4--€9.6m€8.5mUSD 7.8m▼ 8.8%
Credit institutions173--€9.6m€8.5mUSD 7.8m▼ 8.8%
Amounts payable within one year42/48€55,359€2.6m€20.0m€9.9mUSD 8.4m▼ 15.5%
Current portion of amounts payable after more than one year42--€1.1m€1.1mUSD 1.2m▲ 7.6%
Trade debts44€54,723€2.5m€18.6m€8.4mUSD 6.9m▼ 18.2%
Suppliers440/4--€18.6m€8.4mUSD 6.9m▼ 18.2%
Taxes, remuneration and social security45--€291,413€403,534USD 311,208▼ 22.9%
Taxes450/3--€51,460---
Remuneration and social security454/9--€239,954€403,534USD 311,208▼ 22.9%
Accrued charges and deferred income492/3--€78,125€685,119USD 98,155▼ 85.7%
Line20202021202220232024Change
Profit (loss) for the period9904-€298,488€6.1m€10.2m€2.3mUSD 18.0m▲ 672%
+ Depreciation and write-downs630€282,973€1.2m€2.7m€3.1mUSD 903,166▼ 70.5%
Operating cash flow (approximation)-€15,515€7.3m€12.9m€5.4mUSD 18.9m▲ 251%
Investment in fixed assets (approximation)--€15.9m-€17.2m-€94,589USD 9.9m▲ 10,544%
Change in cash-€325,380€5.4m-€4.5m-USD 2.7m▲ 40.0%

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

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Timeline · acts, filings and financial milestones

2026
07-08
State Gazette act Appointment: Invest Paul Traen (I.P.T.) BV (director)
Permanent representative: Paul Traen3 facts ▸
  • General meeting, 24-06-2026
  • Director appointment, Invest Paul Traen (I.P.T.) BV (director)
  • Permanent representative, Paul Traen (permanent representative)
11-06
State Gazette act Resignation: LMC MANAGEMENT CommV (director)
3 facts ▸
  • General meeting, 23-04-2026
  • Director resignation, LMC MANAGEMENT CommV (director)
  • Other statement, niet in vervanging van ontslagen bestuurder voorzien, voorlopig
04-02
State Gazette act Capital & shares
Share concentration · Signatory2 facts ▸
  • Share concentration, vereniging van alle aandelen in één hand, 27/08/2025
  • Signatory, lasthebber
04-02
State Gazette act Resignation: BDO Bedrijfsrevisoren BV (statutory auditor)
Appointment: RSM InterAudit BV (statutory auditor)3 facts ▸
  • General meeting, 29/10/2025
  • Auditor resignation, BDO Bedrijfsrevisoren BV (statutory auditor)
  • Auditor appointment, RSM InterAudit BV (statutory auditor)
2025
03-10
State Gazette act Resignations: Trilithon VOF (director) and BDO Bedrijfsrevisoren BV (statutory auditor)
Appointment: BDO Bedrijfsrevisoren BV (statutory auditor) · Permanent representative: August Verdonck5 facts ▸
  • General meeting, 23/06/2025
  • Director resignation, Trilithon VOF (director)
  • Auditor appointment, BDO Bedrijfsrevisoren BV (statutory auditor)
  • Permanent representative, August Verdonck
  • Auditor resignation, BDO Bedrijfsrevisoren BV (statutory auditor)
23-06
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial Highest result since 2019net €18.0m ▲672%
Operating result €17.4m, net result €18.0m, both a record.
31-12
Financial Liquidity doublescurrent ratio 6.13
Current ratio from 2.73 to 6.13; short-term debt falls from €9.9m to €8.4m.
31-12
Financial Equity above €50mEq €53.8m ▲50.5%
4 profitable years in a row build equity to €53.8m.
13-08
State Gazette act Resignation: Navira vof (director)
Reappointment: Navira vof (director) · Permanent representatives: August VERDONCK and Mathieu CEULEN5 facts ▸
  • General meeting, 19/02/2024
  • Director resignation, Navira vof (director)
  • Director reappointment, Navira vof (director)
  • Permanent representative, August VERDONCK
  • Permanent representative, Mathieu CEULEN
23-05
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 53 days late
02-04
State Gazette act Appointment: C/Hive Management (director)
Permanent representative: Mathieu CEULEN3 facts ▸
  • General meeting, 22/12/2023
  • Director appointment, C/Hive Management (director)
  • Permanent representative, Mathieu CEULEN
Show earlier events
21-03
State Gazette act Appointments: C\Hive Management (director) and SHIPCONSULT (director)
Permanent representatives: Mathieu Jean-Frédéric Dominique Marie CEULEN and August Lodewijk Alfons VERDONCK · Resignation: August Lodewijk Alfons VERDONCK (director) · Statutes amendment13 facts ▸
  • General meeting, 11/03/2024
  • Statutes amendment
  • Statutes amendment
  • Statutes amendment
  • Director appointment, C\Hive Management (director)
  • Permanent representative, Mathieu Jean-Frédéric Dominique Marie CEULEN
  • Mandate compensation, C\Hive Management
  • Director resignation, August Lodewijk Alfons VERDONCK (director)
  • Director appointment, SHIPCONSULT (director)
  • Permanent representative, August Lodewijk Alfons VERDONCK
  • Mandate compensation, SHIPCONSULT
  • Power of attorney, TRAXUS
  • +1 further facts in this act
22-02
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 328 days late
2023
12-05
State Gazette act Statutes amendment
Capital · Accounting effect · Power of attorney6 facts ▸
  • General meeting, 28 april 2023
  • Capital, USD 16.000.000
  • Accounting effect, 1 september 2022
  • Power of attorney, TRAXUS
  • Power of attorney, Cobelfret
  • Power of attorney, Eric De Bie
2022
31-08
Financial Equity above €25mEq €33.4m ▲43.6%
2 profitable years in a row build equity to €33.4m.
27-05
State Gazette act Appointment: BDO Bedrijfsrevisoren BV (statutory auditor)
2 facts ▸
  • General meeting, 25/02/2022
  • Auditor appointment, BDO Bedrijfsrevisoren BV (statutory auditor)
11-03
NBB filing Annual accounts filed
fiscal year 2021 · full schema
12-01
State Gazette act Benaming
Name change · Power of attorney3 facts ▸
  • General meeting, 21 december 2021
  • Name change, Cobelfret
  • Power of attorney, TRAXUS
2021
31-08
Financial Back to profitnet €6.1m
Net result €6.1m after one loss-making year.
31-08
Financial Equity above €10mEq €23.3m ▲278%
Equity rises from €6.2m to €23.3m.
22-04
State Gazette act Registered office
Registered-office move2 facts ▸
  • Board meeting, 01/04/2021
  • Registered-office move, 2610 Antwerpen (Wilrijk), Sneeuwbeslaan 14
07-04
State Gazette act Appointments: LMC Management, TRILITHON and CIGRANG Christian Léon
Permanent representatives: SCHANDEVYL Bert Johannes Willem and vAN BELLINGEN Frank Luc Renaat · Name change · Power of attorney11 facts ▸
  • General meeting, 2 april 2021
  • Name change, SCALDIAN
  • Director appointment, LMC Management (director)
  • Permanent representative, SCHANDEVYL Bert Johannes Willem
  • Director appointment, TRILITHON (director)
  • Permanent representative, vAN BELLINGEN Frank Luc Renaat
  • Director appointment, CIGRANG Christian Léon (director)
  • Power of attorney, C2C
  • Power of attorney, Caroline AMELINCKX
  • Power of attorney, Els COLANS
  • Power of attorney, Eric De Bie
24-03
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
13-01
State Gazette act Capital & shares · Statutes amendment
Capital increase · Bank account · Capital9 facts ▸
  • General meeting, 29 december 2020
  • Capital increase, €11.000.000
  • Bank account, Belfius Bank
  • Capital, €16.000.000
  • Statutes amendment
  • Power of attorney, C2C
  • Power of attorney, Caroline AMELINCKX
  • Power of attorney, Els COLANS
  • Power of attorney, Eric De Bie
2020
31-08
Financial Weakest financial yearnet -€298,488
Net result drops to -€298,488, the lowest in the series; recovery starts the following year.
31-08
Financial Liquidity times 34current ratio 52.50
Current ratio from 1.54 to 52.50; short-term debt falls from €5.3m to €55,359.
06-04
State Gazette act Resignation: August Verdonck (director)
Reappointment: August Verdonck (director) · Permanent representative: Florent Maes4 facts ▸
  • General meeting, 21/02/2020
  • Director resignation, August Verdonck
  • Director reappointment, August Verdonck (director)
  • Permanent representative, Florent Maes
25-02
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
04-10
State Gazette act Appointment: BDO Bedrijfsrevisoren CVBA (statutory auditor)
Resignation: BDO Bedrijfsrevisoren CVBA (statutory auditor) · Permanent representative: Florent Maes4 facts ▸
  • General meeting, 22/02/2019
  • Auditor appointment, BDO Bedrijfsrevisoren CVBA (statutory auditor)
  • Auditor resignation, BDO Bedrijfsrevisoren CVBA (statutory auditor)
  • Permanent representative, Florent Maes
12-03
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
31-01
State Gazette act Benaming
Name change · Power of attorney6 facts ▸
  • General meeting, 25 januari 2019
  • Name change, C2C
  • Power of attorney, Dirk HOOYBERGS
  • Power of attorney, Caroline AMELINCKX
  • Power of attorney, Els COLANS
  • Power of attorney, Marie Neut
2018
08-06
State Gazette act Appointment: NAVIRA (director)
Permanent representative: Florent MAES · Resignation: Florent MAES (director)4 facts ▸
  • General meeting, 13/04/2018
  • Director appointment, NAVIRA (director)
  • Permanent representative, Florent MAES
  • Director resignation, Florent MAES (director)
27-03
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
04-01
State Gazette act Resignation: Dirk HOOYBERGS (director)
Appointment: Florent MAES (director)3 facts ▸
  • General meeting, 22/09/2017
  • Director resignation, Dirk HOOYBERGS (director)
  • Director appointment, Florent MAES (director)
2017
30-01
State Gazette act Resignations: Paul VAN MALDEREN (director) and TRANGO NV (director)
Permanent representative: Joost RUBENS · Appointment: August VERDONCK (director)5 facts ▸
  • General meeting, 03/01/2017
  • Director resignation, Paul VAN MALDEREN (director)
  • Director resignation, TRANGO NV (director)
  • Permanent representative, Joost RUBENS
  • Director appointment, August VERDONCK (director)
12-01
NBB filing Annual accounts filed
fiscal year 2016 · full schema
2016
30-06
State Gazette act Reappointment: Dirk HOOYBERGS (director)
Appointment: BDO Bedrijfsrevisoren CVBA (statutory auditor)3 facts ▸
  • General meeting, 23/05/2016
  • Director reappointment, Dirk HOOYBERGS (director)
  • Auditor appointment, BDO Bedrijfsrevisoren CVBA (statutory auditor)
22-03
NBB filing Annual accounts filed
fiscal year 2015 · full schema
18-03
State Gazette act Resignations: Christian CIGRANG, Marc BRUYNS and 2 others
Appointments: Paul VAN MALDEREN (director) and TRANGO (director) · Permanent representatives: Frederick HUBLIN and Joost RUBENS · Registered-office move11 facts ▸
  • General meeting, 07/01/2016
  • Board meeting, 13/01/2016
  • Director resignation, Christian CIGRANG (director)
  • Director resignation, Marc BRUYNS (director)
  • Director resignation, LOWLANDS BULK (director)
  • Director resignation, ODESCO (director)
  • Director appointment, Paul VAN MALDEREN (director)
  • Director appointment, TRANGO (director)
  • Permanent representative, Frederick HUBLIN
  • Permanent representative, Joost RUBENS
  • Registered-office move, Hendrik van Minderhoutstraat 50, B-8380 Zeebrugge
2015
24-11
State Gazette act Resignations & appointments
Statutes amendment2 facts ▸
  • General meeting, 09/11/2015
  • Statutes amendment
2014
13-05
State Gazette act Resignations & appointments
Power of attorney2 facts ▸
  • Board meeting, 31/03/2014
  • Power of attorney, Luc FLAMEN
27-03
State Gazette act Resignation: August Verdonck (director and managing director)
Appointment: ODESCO (director) · Permanent representatives: August Verdonck and Frederick Hublin5 facts ▸
  • General meeting, 24/02/2014
  • Director resignation, August Verdonck (director and managing director)
  • Director appointment, ODESCO (director)
  • Permanent representative, August Verdonck
  • Permanent representative, Frederick Hublin
2013
11-12
State Gazette act Appointment: August VERDONCK (managing director)
2 facts ▸
  • General meeting, 08/11/2013
  • Director appointment, August VERDONCK (managing director)
2012
04-12
State Gazette act Appointment: BDO Bedrijfsrevisoren cvba (statutory auditor)
2 facts ▸
  • General meeting, 08/11/2012
  • Auditor appointment, BDO Bedrijfsrevisoren cvba (statutory auditor)
2011
17-08
State Gazette act Resignations & appointments
Power of attorney2 facts ▸
  • Board meeting, 10/06/2011
  • Power of attorney, Luc Flamen
08-04
State Gazette act Resignations: Cobelfret Waterways NV, Cobelfret NV and 2 others
Appointments: Dirk Hooybergs, Christian Cigrang and Marc Bruyns8 facts ▸
  • General meeting, 01/03/2011
  • Director resignation, Cobelfret Waterways NV (director)
  • Director resignation, Cobelfret NV (director)
  • Director resignation, Cobelfret Ferries NV (director)
  • Director resignation, Invest Paul Traen bvba (director)
  • Director appointment, Dirk Hooybergs (director)
  • Director appointment, Christian Cigrang (director)
  • Director appointment, Marc Bruyns (director)
2010
23-11
State Gazette act Appointment: Lowlarids Bulk NV (director)
Permanent representative: Frederick Hublin3 facts ▸
  • General meeting, 08/11/2010
  • Director appointment, Lowlarids Bulk NV (director)
  • Permanent representative, Frederick Hublin
07-10
State Gazette act Resignation: Marc Bruyns (director)
2 facts ▸
  • General meeting, 21/09/2010
  • Director resignation, Marc Bruyns (director)
2009
30-11
State Gazette act Appointment: BCO Atrio Bedrijfsrevisoren cvba (statutory auditor)
Permanent representative: Gerl Claes3 facts ▸
  • General meeting, 13/11/2009
  • Auditor appointment, BCO Atrio Bedrijfsrevisoren cvba (statutory auditor)
  • Permanent representative, Gerl Claes
12-10
State Gazette act Permanent representative: Jean Cigrang
2 facts ▸
  • Board meeting, 04/09/2009
  • Permanent representative, Jean Cigrang
10-09
State Gazette act Statutes amendment
Power of attorney9 facts ▸
  • General meeting, 27/08/2009
  • Statutes amendment
  • Statutes amendment
  • Statutes amendment
  • Power of attorney, Dirk HOOYBERGS
  • Power of attorney, Els COLANS
  • Power of attorney, Caroline AMELINCKX
  • Power of attorney, Erik ANTHONIS
  • Power of attorney, Eric De Bie
2007
30-07
State Gazette act Appointment: BDO Atrio Bedrijfsrevisoren cvba (statutory auditor)
Permanent representative: Gert Claes3 facts ▸
  • General meeting, 11/05/2007
  • Auditor appointment, BDO Atrio Bedrijfsrevisoren cvba (statutory auditor)
  • Permanent representative, Gert Claes
30-03
State Gazette act Appointment: August Verdonck (managing director)
2 facts ▸
  • Board meeting, 16/03/2007
  • Director appointment, August Verdonck (managing director)
2006
06-03
State Gazette act Miscellaneous
General meeting1 fact ▸
  • General meeting, 21/02/2006
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
37 of 37 acts read

Directors · office · real estate

Directors
8 directors, no change since 2026

Board 8

CIGRANG Christian Léon
Director · since 02-04-2021
Current
LMC Management
Director · since 02-04-2021 · Legal entity · perm. rep.: SCHANDEVYL Bert Johannes Willem
Current
TRILITHON
Director · since 02-04-2021 · Legal entity · perm. rep.: vAN BELLINGEN Frank Luc Renaat
Current
C/Hive Management
Director · since 01-01-2024 · Legal entity · perm. rep.: Mathieu CEULEN
Current
C\Hive Management
Director · since 01-01-2024 · Private limited company · perm. rep.: Mathieu Jean-Frédéric Dominique Marie CEULEN
Current
SHIPCONSULT
Director · since 11-03-2024 · General partnership · perm. rep.: August Lodewijk Alfons VERDONCK
Current
Invest Paul Traen (I.P.T.) BV
Director · since 01-07-2026 · Legal entity · perm. rep.: Paul Traen
Current
Navira vof
Director · Legal entity
Current
5 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
Lowlarids Bulk NV
Director · since 08-11-2010 · Legal entity · perm. rep.: Frederick Hublin
Not recently confirmed
ODESCO
Director · since 24-02-2014 · Legal entity · perm. rep.: August Verdonck
Not recently confirmed
TRANGO
Director · since 07-01-2016 · Legal entity · perm. rep.: Joost RUBENS
Not recently confirmed
NAVIRA
Director · since 13-04-2018 · Legal entity · perm. rep.: Florent MAES
Not recently confirmed
August VERDONCK
Director
Not recently confirmed

Permanent representatives 5

SCHANDEVYL Bert Johannes Willem
Permanent representative · since 02-04-2021 · for LMC Management
Current
vAN BELLINGEN Frank Luc Renaat
Permanent representative · since 02-04-2021 · for TRILITHON
Current
Mathieu CEULEN
Permanent representative · since 01-01-2024 · for C/Hive Management
Current
August Lodewijk Alfons VERDONCK
Permanent representative · since 11-03-2024 · for SHIPCONSULT
Current
Paul Traen
Permanent representative · since 01-07-2026 · for Invest Paul Traen (I.P.T.) BV
Current
3 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
Frederick Hublin
Permanent representative · since 08-11-2010 · for Lowlarids Bulk NV
Not recently confirmed
Joost RUBENS
Permanent representative · since 07-01-2016 · for TRANGO
Not recently confirmed
Florent MAES
Permanent representative · since 13-04-2018 · for NAVIRA
Not recently confirmed

Statutory auditor 1

RSM INTERAUDIT
Statutory auditor · since 04-02-2026 · perm. rep.: Kim Van Loon
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Antwerpen · 2 establishment units since 1976
seat establishment All 2 establishment units on the map
Ground area
1.5 ha
Building footprint
2,978 m²
Volume, LiDAR
49,355 m³
2 parcels, Flanders · tallest building 21.5 m, ±6 floors. Linked by address, not a title deed.
47 companies at this address See who is registered here
2 establishment units
Cobelfret
Sneeuwbeslaan 14, 2610 AntwerpenTelecommunications
since 19762.102.187.562
Cobelfret
Arthur Goemaerelei 28, 2018 AntwerpenWater transport
since 20212.324.544.325
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11051B0041/00S000 Flanders 1.4 ha 1 · 2,696 m² 21.4 m · 6 fl.
11810K1906/00Y000 Flanders 1,319 m² 1 · 282 m² 18.8 m · 5 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Mandate history

31 people since 2007, 14 in office
Show
  • Board
  • Day-to-day management
  • Statutory auditor
  • not recently confirmed
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
CIGRANG Christian Léon
  • Director, from 02-04-2021 to date
LMC Management
  • Director, from 02-04-2021 to date
TRILITHON
  • Director, from 02-04-2021 to date
C/Hive Management
  • Director, from 01-01-2024 to date
C\Hive Management
  • Director, from 01-01-2024 to date
SHIPCONSULT
  • Director, from 11-03-2024 to date
Navira vof
  • Director, already before 13-08-2024 to date
Invest Paul Traen (I.P.T.) BV
  • Director, from 01-07-2026 to date
RSM INTERAUDIT
  • Statutory auditor, from 04-02-2026 to date
August VERDONCK
  • Managing director, from 16-03-2007 to 24-02-2014
  • Director and managing director, until 24-02-2014
  • Director, from 03-01-2017 not ended, last confirmed 06-04-2020
Lowlarids Bulk NV
  • Director, from 08-11-2010 not ended, last confirmed 23-11-2010
ODESCO
  • Director, from 24-02-2014 not ended, last confirmed 27-03-2014
TRANGO
  • Director, from 07-01-2016 not ended, last confirmed 18-03-2016
NAVIRA
  • Director, from 13-04-2018 not ended, last confirmed 08-06-2018
LMC MANAGEMENT CommV
  • Director, until 23-04-2026
BDO Bedrijfsrevisoren bv
  • Statutory auditor, from 04-12-2012 to 04-02-2026
Trilithon VOF
  • Director, until 03-10-2025
August Lodewijk Alfons VERDONCK
  • Director, until 21-03-2024
Florent MAES
  • Director, from 22-09-2017 to 13-04-2018
Dirk HOOYBERGS
  • Director, from 01-03-2011 to 22-09-2017
Van Malderen Paul
  • Director, from 07-01-2016 to 03-01-2017
Christian Cigrang
  • Director, from 01-03-2011 to 07-01-2016
LOWLANDS BULK
  • Director, until 07-01-2016
Marc Bruyns
  • Director, until 21-09-2010
  • Director, from 01-03-2011 to 07-01-2016
Odesco
  • Director, until 07-01-2016
BCO Atrio Bedrijfsrevisoren cvba
  • Statutory auditor, from 30-11-2009 to 04-12-2012
Cobelfret Ferries NV
  • Director, until 01-03-2011
Cobelfret NV
  • Director, until 01-03-2011
Cobelfret Waterways NV
  • Director, until 01-03-2011
Invest Paul Traen bvba
  • Director, until 01-03-2011
BDO Atrio Bedrijfsrevisoren CVBA
  • Statutory auditor, from 30-07-2007 to 30-11-2009
See the board, name and seat on a given date →

Articles of association

Director compensation
One provision in the deed
according to the deed of 07-08-2026

Structure & network

Owners and holdings

1 holding

Owners 0

The accounts to 31-12-2024 list no shareholders, and no other source names one.

Holdings 1

According to the 2024 annual accounts of Cobelfret and those 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

1 connected company
Depth

The connected companies are in the list below.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
Centrale der werkgevers Zeebrugge
Shared director
→

Capital and shareholders

Shareholders according to the acts
After the capital increase act of 13-01-2021 ↗
  • CLdN BULK 10,999,870.59 EUR
  • LOWLANDS BULK 129.41 EUR

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

Capital over the years
  1. 12-05-2023 Capital stated in the act · 16,000,000 USD · 85,000 shares
  2. 13-01-2021 Capital increase of 11,000,000 EUR · to 16,000,000 EUR · no new shares · in cash

Recognitions · licences · registrations

Legal Entity Identifier

549300SMNDDBHXWU5211
live in the LEI register

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Of 355 companies in sector 52249 we hold annual accounts for 266. 48 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
Founded19-05-1976
Fiscal year end31-12
Activities, NACEBEL 2025
52249Warehousing and support activities for transportation
52250Logistics services
E-invoicing
Reachable via Peppol
Peppol ID 0208:0416221852
Also 9925:BE0416221852
Registered 17-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

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

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