COBETEC
ActiveSummary
COBETEC has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.5m and a net result of €279. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 95% of 14254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▲+67
Solvency100=
Growth45▲+23
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity short (current ratio 0.83 against 0.72 in 2024; short-term debt: 2.1% and cash: 0.8% of total assets), and 2.1% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
97.9%
Return on assets
0%
Age of the figures
9 mo
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 11-06-2026, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
50 d early
2024
42 d early
2023
27 d early
2022
34 d early
2021
37 d early
2020
38 d early
2019
19 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 30 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 24 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€11,000▲ 661%
2024 · €1,445
EBIT margin
9.7%▲ 624.5pp
2024 · -614.8%
Net result
€279
2024 · -€9,300
Working capital
-€9,151▲ 37.5%
2024 · -€14,636
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, 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
Line20212022202320242025
Turnover€7,138€16,124▲ 126%€11,123▼ 31.0%€1,445▼ 87.0%€11,000▲ 661%
Operating result-€993▲ 70.0%€7,003€691▼ 90.1%-€8,884€1,070
Net result-€1,417within the sector's middle half▲ 57.3%€7,042within the sector's middle half-€1,613within the sector's middle half-€9,300within the sector's middle half▼ 477%€279within the sector's middle half
EBIT margin-13.9%43.4%▲ 57.3pp6.2%▼ 37.2pp-614.8%▼ 621.0pp9.7%▲ 624.5pp
Equity€2.5mabove the sector's middle half▼ 0.1%€2.5mabove the sector's middle half▲ 0.3%€2.5mabove the sector's middle half▼ 0.1%€2.5mabove the sector's middle half▼ 0.4%€2.5mabove the sector's middle half=
Total assets€2.5mabove the sector's middle half▲ 1.8%€2.5mabove the sector's middle half▲ 0.3%€2.5mabove the sector's middle half=€2.5mabove the sector's middle half▼ 0.4%€2.5mabove the sector's middle half=
Debt€52,590▲ 654%€52,572=€53,680▲ 2.1%€53,552▼ 0.2%€52,508▼ 1.9%
Working capital-€30,279within the sector's middle half-€17,065within the sector's middle half▲ 43.6%-€11,779within the sector's middle half▲ 31.0%-€14,636within the sector's middle half▼ 24.3%-€9,151within the sector's middle half▲ 37.5%
Solvency97.9%above the sector's middle half▼ 1.8pp97.9%above the sector's middle half=97.9%above the sector's middle half=97.9%above the sector's middle half=97.9%above the sector's middle half=
Current ratio0.42within the sector's middle half▼ 0.760.68within the sector's middle half▲ 0.250.78within the sector's middle half▲ 0.110.72within the sector's middle half▼ 0.060.83within the sector's middle half▲ 0.10
Return on assets (ROA)-0.1%within the sector's middle half▲ 0.1pp0.3%within the sector's middle half▲ 0.3pp-0.1%within the sector's middle half▼ 0.3pp-0.4%within the sector's middle half▼ 0.3pp0.0%within the sector's middle half▲ 0.4pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €1,070 after a loss of €8,884 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.5m
Fixed assets
€2.5m ▼ 0.2%
Current assets
€43,324 ▲ 14.3%
Equity and liabilities €2.5m
Equity
€2.5m =
Debt
€52,508 ▼ 1.9%
Debt's share of the balance-sheet total stays at 2.1%.
Key figures and ratios
EBITDA
€7,242▲
2024 · -€3,439
Cash flow
€6,451▲
2024 · -€3,855
Debt to equity
0.02▼
2024 · 0.02
ROE
0.0%▲
2024 · -0.4%
Interest coverage
18.62▲
2024 · -8.27
Debt ≤ 1 year
€52,475▼
2024 · €52,553
Income taxes
€402
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €7,138 | €16,124 | €11,123 | €1,445 | €11,000 | ▲ 661% |
| Goods, raw materials, services and sundry goods60/61 | €6,387 | €2,764 | €3,533 | €3,658 | €4,103 | ▲ 12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €727 | €6,172 | €6,899 | €5,445 | €6,172 | ▲ 13.4% |
| Other operating charges640/8 | €1,017 | €185 | - | €1,226 | €1,404 | ▲ 14.5% |
| Gross operating margin9900 | €751 | €13,360 | €7,590 | -€2,213 | €8,646 | ▲ 491% |
| Operating profit (loss)9901 | -€993 | €7,003 | €691 | -€8,884 | €1,070 | ▲ 112% |
| Financial income75/76B | - | €568 | - | - | - | - |
| Recurring financial income75 | - | €568 | - | - | - | - |
| Financial charges65/66B | €424 | €529 | €459 | €416 | €389 | ▼ 6.5% |
| Recurring financial charges65 | €424 | €529 | €459 | €416 | €389 | ▼ 6.5% |
| Profit (loss) for the period before taxes9903 | -€1,417 | €7,042 | €232 | -€9,300 | €681 | ▲ 107% |
| Income taxes67/77 | - | - | €1,845 | - | €402 | - |
| Profit (loss) for the period9904 | -€1,417 | €7,042 | -€1,613 | -€9,300 | €279 | ▲ 103% |
| Profit (loss) for the period to be appropriated9905 | -€1,417 | €7,042 | -€1,613 | -€9,300 | €279 | ▲ 103% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.5m | €2.5m | €2.5m | €2.5m | €2.5m | = |
| Fixed assets21/28 | €2.5m | €2.5m | €2.5m | €2.5m | €2.5m | ▼ 0.2% |
| Tangible fixed assets22/27 | €30,132 | €23,960 | €17,061 | €11,617 | €5,445 | ▼ 53.1% |
| Furniture and vehicles24 | €30,132 | €23,960 | €17,061 | €11,617 | €5,445 | ▼ 53.1% |
| Financial fixed assets28 | €2.5m | €2.5m | €2.5m | €2.5m | €2.5m | = |
| Current assets29/58 | €22,311 | €35,507 | €41,901 | €37,917 | €43,324 | ▲ 14.3% |
| Amounts receivable within one year40/41 | €5,638 | €15,607 | €10,022 | €11,316 | €21,000 | ▲ 85.6% |
| Trade receivables40 | €3,860 | €15,587 | €10,000 | €11,316 | €21,000 | ▲ 85.6% |
| Other amounts receivable41 | €1,778 | €20 | €22 | - | - | - |
| Cash at bank and in hand54/58 | €16,673 | €18,991 | €30,970 | €23,939 | €20,096 | ▼ 16.1% |
| Deferred charges and accrued income490/1 | - | €909 | €909 | €2,662 | €2,228 | ▼ 16.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.5m | €2.5m | €2.5m | €2.5m | €2.5m | = |
| Equity10/15 | €2.5m | €2.5m | €2.5m | €2.5m | €2.5m | = |
| Contributions10/11 | €140,000 | €140,000 | €140,000 | €140,000 | €140,000 | = |
| Capital10 | €140,000 | €140,000 | €140,000 | €140,000 | €140,000 | = |
| Issued capital100 | €140,000 | €140,000 | €140,000 | €140,000 | €140,000 | = |
| Reserves13 | €26,046 | €26,046 | €26,046 | €26,046 | €26,046 | = |
| Non-distributable reserves130/1 | €26,033 | €26,033 | €26,033 | €26,033 | €26,033 | = |
| Legal reserve130 | €26,033 | €26,033 | €26,033 | €26,033 | €26,033 | = |
| Distributable reserves133 | €13 | €13 | €13 | €13 | €13 | = |
| Profit (loss) carried forward14 | €2.3m | €2.3m | €2.3m | €2.3m | €2.3m | = |
| Amounts payable17/49 | €52,590 | €52,572 | €53,680 | €53,552 | €52,508 | ▼ 1.9% |
| Amounts payable within one year42/48 | €52,590 | €52,572 | €53,680 | €52,553 | €52,475 | ▼ 0.1% |
| Trade debts44 | €254 | - | - | €2,321 | €2,130 | ▼ 8.2% |
| Suppliers440/4 | €254 | - | - | €2,321 | €2,130 | ▼ 8.2% |
| Taxes, remuneration and social security45 | €2,336 | €2,572 | €3,680 | €232 | €345 | ▲ 48.7% |
| Taxes450/3 | €2,336 | €2,572 | €3,680 | €232 | €345 | ▲ 48.7% |
| Other amounts payable47/48 | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Accrued charges and deferred income492/3 | - | - | - | €999 | €33 | ▼ 96.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,417 | €7,042 | -€1,613 | -€9,300 | €279 | ▲ 103% |
| + Depreciation and write-downs630 | €727 | €6,172 | €6,899 | €5,445 | €6,172 | ▲ 13.4% |
| Operating cash flow (approximation) | -€690 | €13,214 | €5,286 | -€3,855 | €6,451 | ▲ 267% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€1 | €0 | ▲ 100% |
| Change in cash | - | €2,318 | €11,979 | -€7,031 | -€3,843 | ▲ 45.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-07
State Gazette act
Reappointments: Daniel Brismee, Jutzeler viviane and 3 others6 facts ▸
State Gazette act
Reappointments: Daniel Brismee, Jutzeler viviane and 3 others
6 facts ▸
- General meeting, eenparigheid van stem, Vergadering
- Director reappointment, Daniel Brismee (director)
- Director reappointment, Jutzeler viviane (director)
- Director reappointment, Luc Bühlmann (director)
- Director reappointment, Olivia Bühlmann (director)
- Director reappointment, Brice Bühlmann (managing director)
11-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €279
Net result €279 after 2 loss-making years.
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€9,300
Net result drops to -€9,300, the lowest in the series; recovery starts the following year.
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €7,042
Net result €7,042 after 2 loss-making years.
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 19 days late
2019
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 14 days late
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
07-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 9 acts read
About the unread acts
Of the 9 Belgian State Gazette acts we know for this company, 1 has been read. The other 8 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
under verification
This board is reconstructed from a single act (26085301). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Board 4
Daniel Brismee
CurrentDirector
Jutzeler viviane
CurrentDirector
Luc Bühlmann
CurrentDirector
Olivia Bühlmann
CurrentDirector
Day-to-day management 1
Brice Bühlmann
CurrentManaging director
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 →
Not every act has been read: a resignation may be missing here
8 of this company's 9 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Zaventem · 1 establishment unit since 1994
Ground area
3,951 m²
Parcel 23057C0007/00P000, Flanders. Linked by address, not a title deed.
1 establishment unit
COBETEC SA
since 19942.068.877.762
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23057C0007/00P000 | Flanders | 3,951 m² | - | - |
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.
Mandate history
5 people since 2026, 5 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Daniel Brismee |
|
| Jutzeler viviane |
|
| Luc Bühlmann |
|
| Olivia Bühlmann |
|
| Brice Bühlmann |
|
Structure & network
Owners and holdings
1 holding · 2 subsidiaries in the treeOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
99%
All subsidiaries, including indirect ones 2
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
According to the 2025 annual accounts of COBETEC 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
5 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Identification & contact
Identification
Legal formPublic limited company
Founded26-08-1994
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0453295252
Registered
03-11-2025
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.