COCO-TRANS (0647.972.470), Judicial reorganisation: annual accounts

COCO-TRANS

Brussels ·KBO/BCE: BE 0647.972.470

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017
Balance sheet: assets
Total assets`20/58`	181,421	556,077	573,156	385,676	342,882	382,514	439,566	479,840	203,851
Fixed assets`21/28`	31,995	30,975	60,275	85,690	141,201	245,690	255,396	323,692	113,849
Tangible fixed assets`22/27`	-	-	32,800	63,715	125,746	236,045	245,751	314,047	107,704
Furniture and vehicles`24`	-	-	32,800	49,200	80,488	123,395	130,776	160,746	107,704
Leasing and similar rights`25`	-	-	-	14,515	45,258	-	-	-	-
Financial fixed assets`28`	31,995	30,975	27,475	21,975	15,455	9,645	9,645	9,645	6,145
Current assets`29/58`	149,426	525,102	512,881	299,986	201,681	136,824	184,170	156,148	90,002
Amounts receivable within one year`40/41`	76,705	510,653	488,221	273,587	110,158	24,550	132,500	84,217	44,581
Trade receivables`40`	49,072	476,262	382,716	207,713	107,987	-	90,170	53,600	32,513
Other amounts receivable`41`	27,633	34,391	105,505	65,873	2,171	24,550	42,330	30,617	12,068
Cash at bank and in hand`54/58`	72,721	14,449	24,660	26,399	84,719	87,454	50,650	64,472	43,109
Deferred charges and accrued income`490/1`	-	-	-	-	6,804	24,820	1,020	7,459	2,313
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	181,421	556,077	573,156	385,676	342,882	382,514	439,566	479,840	203,851
Equity`10/15`	-625,676	83,254	63,885	52,939	25,864	-30,865	-126,152	100,640	37,232
Contributions`10/11`	18,600	18,600	15,300	15,300	13,000	12,000	12,000	12,000	12,000
Capital`10`	-	-	-	-	13,000	-	-	-	-
Issued capital`100`	-	-	-	-	18,600	18,600	18,600	18,600	18,600
Uncalled capital`101`	-	-	-	-	5,600	6,600	6,600	6,600	6,600
Reserves`13`	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,262
Non-distributable reserves`130/1`	1,860	1,860	1,860	1,860	1,860	1,860	-	-	-
Legal reserve`130`	-	-	-	-	-	-	1,860	1,860	1,262
Reserves not available under the articles`1311`	1,860	1,860	1,860	1,860	1,860	1,860	-	-	-
Profit (loss) carried forward`14`	-646,136	62,794	46,725	35,779	11,004	-44,725	-140,012	86,780	23,970
Amounts payable`17/49`	807,097	472,823	509,271	332,736	317,018	413,379	565,717	379,200	166,619
Amounts payable after more than one year`17`	2,555	15,861	30,206	49,218	14,899	83,988	116,468	173,231	71,595
Financial debts`170/4`	2,555	15,861	30,206	49,218	14,899	83,988	116,468	173,231	71,595
Amounts payable within one year`42/48`	804,542	456,962	479,064	283,519	302,119	329,391	449,249	205,969	95,024
Current portion of amounts payable after more than one year`42`	55,694	52,971	44,996	60,091	45,921	50,832	93,044	95,200	1,974
Financial debts`43`	50,003	50,003	50,003	50,003	50,003	-	40,000	-	-
Credit institutions`430/8`	50,003	50,003	50,003	50,003	50,003	-	40,000	-	-
Trade debts`44`	23,350	68,068	91,442	55,802	88,698	128,357	229,081	51,735	53,127
Suppliers`440/4`	23,350	68,068	91,442	55,802	88,698	128,357	229,081	51,735	53,127
Taxes, remuneration and social security`45`	675,494	285,919	257,623	117,622	117,497	150,202	87,125	59,034	39,923
Taxes`450/3`	332,142	260,544	184,250	117,622	108,450	79,450	61,296	44,732	20,798
Remuneration and social security`454/9`	343,353	25,375	73,373	-	9,047	70,752	25,828	14,302	19,125
Other amounts payable`47/48`	-	-	35,000	-	-	-	-	-	-
Income statement
Turnover`70`	-	-	-	-	-	-	-	-	635,953
Non-recurring operating income`76A`	-	1,730	-	-	3,217	-	-	-	-
Gross operating margin`9900`	1.0m	1.4m	1.3m	1.1m	1.1m	1.0m	487,118	467,545	231,900
Goods, raw materials, services and sundry goods`60/61`	-	-	-	-	-	-	-	-	404,052
Remuneration, social security and pensions`62`	1.7m	1.4m	1.2m	938,846	878,211	794,790	584,036	302,304	179,872
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	-	32,800	30,915	62,031	42,700	96,797	90,618	82,398	21,079
Other operating charges`640/8`	8,371	27,501	8,421	61,962	23,941	30,818	10,507	11,504	1,993
Non-recurring operating charges`66A`	150	-	-	381	3,375	3,477	9,386	-	-
Operating profit (loss)`9901`	-702,011	33,406	70,180	43,670	196,820	109,244	-207,429	71,339	28,957
Financial income`75/76B`	330	-	-	-	21	-	5,442	2,593	-
Recurring financial income`75`	330	-	-	-	21	-	5,442	2,593	-
Financial charges`65/66B`	7,250	12,975	11,876	12,701	121,344	13,957	12,303	10,524	3,726
Recurring financial charges`65`	7,250	12,975	11,876	12,701	121,344	13,957	12,303	10,524	3,726
Profit (loss) for the period before taxes`9903`	-708,930	20,431	58,304	30,969	75,497	95,287	-214,290	63,408	25,232
Income taxes`67/77`	-	4,362	12,358	6,194	19,768	-	12,278	-	-
Profit (loss) for the period`9904`	-708,930	16,069	45,946	24,775	55,729	95,287	-226,568	63,408	25,232
Profit (loss) for the period to be appropriated`9905`	-708,930	16,069	45,946	24,775	55,729	95,287	-226,568	63,408	25,232
Appropriation of the result
Profit (loss) to be appropriated`9906`	-646,136	62,794	81,725	35,779	11,004	-44,725	-140,012	87,378	25,232
Profit (loss) brought forward from the previous period`14P`	62,794	46,725	35,779	11,004	-44,725	-	-	-	-
Transfer to equity`691/2`	-	-	-	-	-	-	-	598	1,262
To the legal reserve`6920`	-	-	-	-	-	-	-	598	1,262
Profit to be distributed`694/7`	-	-	35,000	-	-	-	-	-	-
Return on contributions (dividend)`694`	-	-	35,000	-	-	-	-	-	-
Social balance sheet
Average staff (FTE)`9087`	47.3	34	39.4	34.3	32.8	27.6	20.9	-	6.4
Hours worked`1013`	59,794	438,721	52,659	48,027	47,390	40,550	31,408	-	10,405
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Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	12-10-2026	2026-00560793	PDF
31-12-2024	full format	05-09-2025	2025-00484219	PDF
31-12-2023	full format	05-10-2024	2024-00494921	PDF
31-12-2022	full format	08-09-2023	2023-00443335	PDF
31-12-2021	full format	23-08-2022	2022-20306244	PDF
31-12-2020	micro format	11-11-2021	2021-77200186	PDF
31-12-2019	micro format	08-11-2020	2020-70100034	PDF
31-12-2018	micro format	24-09-2019	2019-65800510	PDF
31-12-2017	micro format	17-07-2018	2018-33900070	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017
EBITDA	-	66,206	101,095	105,701	239,520	206,041	-116,810	153,737	50,036
Cash flow	-	48,869	76,861	86,806	98,429	192,084	-135,950	145,806	46,311
Investment in fixed assets	1,020	3,500	5,500	6,520	12,824	87,091	17,578	292,241	134,928
Change in cash	58,272	-10,211	-1,739	-58,320	-2,735	36,804	-13,822	21,363	-
Working capital	-655,115	68,140	33,817	16,467	-100,438	-192,567	-265,080	-49,821	-5,023
EBIT margin	-	-	-	-	-	-	-	-	4.6%
Solvency	-344.9%	15.0%	11.1%	13.7%	7.5%	-8.1%	-28.7%	21.0%	18.3%
Current ratio	0.19	1.15	1.07	1.06	0.67	0.42	0.41	0.76	0.95
Debt to equity	-	5.68	7.97	6.29	12.26	-	-	3.77	4.48
ROE	-	19.3%	71.9%	46.8%	215.5%	-	-	63.0%	67.8%
ROA	-390.8%	2.9%	8.0%	6.4%	16.3%	24.9%	-51.5%	13.2%	12.4%
Interest coverage	-	5.10	8.51	8.32	1.97	-	-	-	-
Customer credit	-	-	-	-	-	-	-	-	19 days
Supplier credit	-	-	-	-	-	-	-	-	48 days

Item	31-12-2025	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	54	54	44	42	35
full-time	44	45	35	40	29
part-time	10	9	9	2	6
in full-time equivalents	47.7	48.3	39.1	42	32.3
Average over the year, in full-time equivalents	47.3	34	39.4	34.3	32.8
On a permanent contract	38	20	22	17	14
Joined	37	50	30	37	19
Left	35	25	28	30	20

Item	2025	2024	2023	2022	2021
Tangible fixed assets	-	-	-	-	€7,014
Financial fixed assets	€1,020	€3,500	€5,500	€6,520	€5,810
Depreciation and write-downs of the year	-	€32,800	€30,915	€62,031	€42,700

COCO-TRANS

Annual accounts 2025

Money flows

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency-344.9%

Current ratio0.19

Return on assets-390.8%

Staff

Staff cost per FTE€36,245

Joined and left+2

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Investments

Insights on COCO-TRANS