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COBEVAL

Active Risk: not assessed
Public limited companyfounded 1998active for 28 yearsRue de Tergnée(FAR) 164, 6240 Farciennes, BelgiumKBO/BCE: BE 0462.735.629

Financials · financial year 2025, full format

Annual accounts 2025 filed on 07-07-2026 at the NBB all 27 filings

Equity
€1.1m▲ 1.3%
2024 · €1.1m
Net result
€13,910
2024 · -€4,383
Total assets
€2.0m▼ 6.9%
2024 · €2.1m
Solvency
54.6%▲ 4.4pp
2024 · 50.1%
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result for 2025 is 3% lower than in 2024 and the lowest since 2021. It is the second fall in a row.

Operating result€0.03m 2025 Net result€0.01m 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€0.03m-€0.04m▲ 25.6%€0.05m▲ 10.0%€0.04m▼ 10.2%€0.04m▼ 9.6%€0.05m▲ 32.1%€0.03m▼ 42.4%€0.03m▼ 2.8%
Net result€0.006m-€0.03m▲ 361%€0.03mwithin the sector's middle half▼ 1.7%€0.03mwithin the sector's middle half▲ 17.6%€0.03mwithin the sector's middle half▼ 5.3%€0.04mwithin the sector's middle half▲ 42.6%-€0.004mbelow the sector's middle half€0.01mwithin the sector's middle half
Equity€0.9m-€0.9m▲ 2.9%€1.0mwithin the sector's middle half▲ 2.8%€1.0mwithin the sector's middle half▲ 3.1%€1.0mwithin the sector's middle half▲ 2.9%€1.1mwithin the sector's middle half▲ 4.0%€1.1mwithin the sector's middle half▼ 0.4%€1.1mwithin the sector's middle half▲ 1.3%
Total assets€3.1m-€2.8m▼ 7.4%€2.9mwithin the sector's middle half▲ 3.3%€2.8mwithin the sector's middle half▼ 4.6%€2.8mwithin the sector's middle half▲ 0.4%€2.5mwithin the sector's middle half▼ 11.7%€2.1mwithin the sector's middle half▼ 14.2%€2.0mbelow the sector's middle half▼ 6.9%
Debt€2.1m-€1.9m▼ 11.8%€2.0m▲ 3.5%€1.8m▼ 8.5%€1.8m▼ 1.0%€1.4m▼ 20.8%€1.1m▼ 24.6%€0.9m▼ 15.2%
Working capital€0.09m-€0.1m▲ 30.2%€0.1mwithin the sector's middle half▲ 22.8%€0.2mwithin the sector's middle half▲ 21.8%€0.2mwithin the sector's middle half▲ 17.0%€0.2mwithin the sector's middle half▲ 20.7%€0.2mwithin the sector's middle half▼ 1.9%€0.3mwithin the sector's middle half▲ 5.9%
Solvency30.0%-33.3%▲ 3.3pp33.1%within the sector's middle half▼ 0.2pp35.8%within the sector's middle half▲ 2.7pp36.7%within the sector's middle half▲ 0.9pp43.2%within the sector's middle half▲ 6.5pp50.1%within the sector's middle half▲ 6.9pp54.6%within the sector's middle half▲ 4.4pp
Current ratio1.04-1.06▲ 0.021.07within the sector's middle half▲ 0.011.10within the sector's middle half▲ 0.021.11within the sector's middle half▲ 0.021.17within the sector's middle half▲ 0.061.22within the sector's middle half▲ 0.051.28within the sector's middle half▲ 0.06
Return on assets (ROA)0.2%-0.9%▲ 0.7pp0.9%within the sector's middle half=1.1%within the sector's middle half▲ 0.2pp1.0%within the sector's middle half▼ 0.1pp1.7%within the sector's middle half▲ 0.6pp-0.2%below the sector's middle half▼ 1.9pp0.7%within the sector's middle half▲ 0.9pp
above within below The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.0m
Fixed assets €830,526 =
Current assets €1.1m ▼ 11.4%
Equity and liabilities €2.0m
Equity €1.1m ▲ 1.3%
Debt €899,312 ▼ 15.2%
Debt's share of the balance-sheet total falls from 49.9% to 45.4%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
ROE
1.3%▲
2024 · -0.4%
Debt ≤ 1 year
€899,312▼
2024 · €1.1m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Investments

fixed assets acquired
Item20212022202320242025
Financial fixed assets---€172-

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Comparable companies

These companies have the same main activity as COBEVAL: activities of holding companies (NACE 64210). They are comparable in size and age: total assets between €1.8m and €2.5m, founded between 1999 and 2000.

CompanyFoundedTotal assetsEquityGross marginNet resultFTEFinancial year
COBEVAL Farciennes1998€2.0m€1.1m€0.03m€0.01m-2025
DEPORTE ERIK Evergem2000€2.1m€2.1m€0.03m-€0.01m-2025
DOMINUS Watermaal-Bosvoorde2000€1.9m€1.3m€0.03m-€0.1m-2025
MYRSENE Elsene1999€2.2m€2.1m€0.03m€0.002m12025
VERSO-INVEST Deinze1999€2.2m€1.4m€0.02m-€0.1m-2025
DNS Laakdal1999€1.8m€0.7m€0.04m€0.05m-2025
IVG-INVEST Sint-Niklaas1999€2.5m€1.3m€0.03m-€0.08m02025

They were chosen from the 20,097 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines

Source: Annual accounts 2025 at the NBB, filed on 07-07-2026.

Balance sheet Code20242025
Assets
Total assets20/58€2.1m€2.0m▼
Fixed assets21/28€0.8m€0.8m=
Financial fixed assets28€0.8m€0.8m=
Current assets29/58€1.3m€1.1m▼
Amounts receivable after more than one year29€0.6m€0.6m=
Other amounts receivable291€0.6m€0.6m=
Stocks and contracts in progress3€0.05m€0.05m=
Stocks30/36€0.05m€0.05m=
Amounts receivable within one year40/41€0.2m€0.02m▼
Trade receivables40€0.02m€0.02m=
Other amounts receivable41€0.2m-
Cash at bank and in hand54/58€0.006m€0.001m▼
Deferred charges and accrued income490/1€0.5m€0.5m▲
Equity and liabilities
Total equity and liabilities10/49€2.1m€2.0m▼
Equity10/15€1.1m€1.1m▲
Contributions10/11€1.3m€1.3m=
Capital10€1.3m€1.3m=
Issued capital100€1.3m€1.3m=
Profit (loss) carried forward14-€0.2m-€0.2m▲
Amounts payable17/49€1.1m€0.9m▼
Amounts payable within one year42/48€1.1m€0.9m▼
Trade debts44-€0.02m
Suppliers440/4-€0.02m
Taxes, remuneration and social security45€0.003m€0.003m▼
Taxes450/3€0.003m€0.003m▼
Other amounts payable47/48€1.1m€0.9m▼
Income statement Code20242025
Other operating charges640/8€0.001m€0.001m▲
Gross operating margin9900€0.03m€0.03m▼
Operating profit (loss)9901€0.03m€0.03m▼
Financial income75/76B€0.02m€0.008m▼
Recurring financial income75€0.02m€0.008m▼
Financial charges65/66B€0.06m€0.02m▼
Recurring financial charges65€0.06m€0.02m▼
Profit (loss) for the period before taxes9903-€0.004m€0.01m▲
Profit (loss) for the period9904-€0.004m€0.01m▲
Profit (loss) for the period to be appropriated9905-€0.004m€0.01m▲
Appropriation of the result
Profit (loss) to be appropriated9906-€0.2m-€0.2m▲
Profit (loss) brought forward from the previous period14P-€0.2m-€0.2m▼

The notes to these accounts have 3 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line20182019202020212022202320242025Change
Other operating charges640/8---€868€868€960€968€998▲ 3.2%
Gross operating margin9900€35,049€43,810€48,090€43,293€39,229€51,619€30,167€29,373▼ 2.6%
Operating profit (loss)9901€34,181€42,942€47,222€42,425€38,361€50,659€29,199€28,375▼ 2.8%
Financial income75/76B---€35,971€33,629€30,862€21,908€8,181▼ 62.7%
Recurring financial income75€32,686€41,037€30,380€35,971€33,629€30,862€21,908€8,181▼ 62.7%
Financial charges65/66B---€47,827€43,039€40,252€55,491€22,646▼ 59.2%
Recurring financial charges65€61,133€57,535€51,597€47,827€43,039€40,252€55,491€22,646▼ 59.2%
Profit (loss) for the period before taxes9903€5,734€26,445€26,005€30,569€28,951€41,270-€4,383€13,910-
Profit (loss) for the period9904€5,734€26,445€26,005€30,569€28,951€41,270-€4,383€13,910-
Profit (loss) for the period to be appropriated9905€5,734€26,445€26,005€30,569€28,951€41,270-€4,383€13,910-
Line20182019202020212022202320242025Change
Assets
Total assets20/58€3.1m€2.8m€2.9m€2.8m€2.8m€2.5m€2.1m€2.0m▼ 6.9%
Fixed assets21/28€0.8m€0.8m€0.8m€0.8m€0.8m€0.8m€0.8m€0.8m=
Financial fixed assets28€0.8m€0.8m€0.8m€0.8m€0.8m€0.8m€0.8m€0.8m=
Current assets29/58€2.2m€2.0m€2.1m€2.0m€2.0m€1.6m€1.3m€1.1m▼ 11.4%
Amounts receivable after more than one year29---€0.6m€0.6m€0.6m€0.6m€0.6m=
Other amounts receivable291---€0.6m€0.6m€0.6m€0.6m€0.6m=
Stocks and contracts in progress3€0.05m€0.05m€0.05m€0.05m€0.05m€0.05m€0.05m€0.05m=
Stocks30/36---€0.05m€0.05m€0.05m€0.05m€0.05m=
Amounts receivable within one year40/41€1.3m€1.0m€1.1m€0.9m€0.9m€0.5m€0.2m€0.02m▼ 87.4%
Trade receivables40---€0.02m€0.02m€0.02m€0.02m€0.02m=
Other amounts receivable41---€0.9m€0.9m€0.5m€0.2m--
Cash at bank and in hand54/58€170€136€253€0.001m€0.02m€0.002m€0.006m€0.001m▼ 78.8%
Deferred charges and accrued income490/1---€0.4m€0.4m€0.4m€0.5m€0.5m▲ 1.8%
Equity and liabilities
Total equity and liabilities10/49€3.1m€2.8m€2.9m€2.8m€2.8m€2.5m€2.1m€2.0m▼ 6.9%
Equity10/15€0.9m€0.9m€1.0m€1.0m€1.0m€1.1m€1.1m€1.1m▲ 1.3%
Contributions10/11€1.3m€1.3m€1.3m€1.3m€1.3m€1.3m€1.3m€1.3m=
Capital10---€1.3m€1.3m€1.3m€1.3m€1.3m=
Issued capital100---€1.3m€1.3m€1.3m€1.3m€1.3m=
Profit (loss) carried forward14-€0.4m-€0.3m-€0.3m-€0.3m-€0.2m-€0.2m-€0.2m-€0.2m▲ 6.8%
Amounts payable17/49€2.1m€1.9m€2.0m€1.8m€1.8m€1.4m€1.1m€0.9m▼ 15.2%
Amounts payable within one year42/48€2.1m€1.9m€2.0m€1.8m€1.8m€1.4m€1.1m€0.9m▼ 15.2%
Trade debts44€0.06m€209---€0.002m-€0.02m-
Suppliers440/4-----€0.002m-€0.02m-
Taxes, remuneration and social security45---€0.003m€0.003m€0.003m€0.003m€0.003m▼ 0.4%
Taxes450/3---€0.003m€0.003m€0.003m€0.003m€0.003m▼ 0.4%
Other amounts payable47/48---€1.8m€1.8m€1.4m€1.1m€0.9m▼ 17.5%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€5,734€26,445€26,005€30,569€28,951€41,270-€4,383€13,910-
Operating cash flow (approximation)€5,734€26,445€26,005€30,569€28,951€41,270-€4,383€13,910-
Investment in fixed assets (approximation)-€0€0€0€0€0-€172€0-
Change in cash--€34€116€392€15,263-€14,353€4,528-€4,793-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Latest 10 of 27 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 full format 07-07-2026 2026-00260799 NBB
31-12-2024 full format 30-09-2025 2025-00514266 PDF
31-12-2023 full format 30-08-2024 2024-00452622 PDF
31-12-2022 full format 03-11-2023 2023-00504344 PDF
31-12-2021 full format 04-11-2022 2022-20484367 PDF
31-12-2020 full format 02-11-2021 2021-75300027 PDF
31-12-2019 full format 29-10-2020 2020-64200232 PDF
31-12-2018 full format 30-08-2019 2019-55100508 PDF
31-12-2017 full format 09-07-2018 2018-29800308 PDF
31-12-2016 full format 07-07-2017 2017-28000005 PDF

Show all 27 filings

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