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COENE GERARDI

Active
Private limited companyfounded 2020active for 6 yearsBrugstraat 141, 9880 Aalter, BelgiumKBO/BCE: BE 0744.852.607

Financials · financial year 2025, abbreviated format

2025 annual accounts filed 7 days after the deadline Filed on 7 November 2025, deadline 31 October 2025 (7 months after the close on 31 March 2025, Companies Code art. 3:10). Source: NBB, 2025-00563960.

Annual accounts 2025 filed on 07-11-2025 PDF all 5 filings

Turnover
≈ €3.5m
Estimated: probably between €2.5m and €4.9m
Total assets
€1.4m▲ 17.5%
2024 · €1.2m
Net result
€118,649▲ 5.5%
2024 · €112,483
Working capital
-€249,339▼ 0.9%
2024 · -€247,124
Trend over the years

2021 to 2025, 5 financial years

The operating result for 2025 is 22% higher than in 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.

Operating result€0.2m 2025 Net result€0.1m 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 Retail trade (NACE 47). 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, return on assets (ROA) and staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20212022202320242025
Operating result€0.2m-€0.2m▲ 4.9%€0.02m▼ 86.0%€0.2m▲ 683%€0.2m▲ 21.8%
Net result€0.1mabove the sector's middle half-€0.1mwithin the sector's middle half▼ 4.1%€0.003mbelow the sector's middle half▼ 97.2%€0.1mwithin the sector's middle half▲ 35×€0.1mabove the sector's middle half▲ 5.5%
Equity€0.1mwithin the sector's middle half-€0.2mwithin the sector's middle half▲ 92.1%€0.2mwithin the sector's middle half▲ 1.3%€0.3mwithin the sector's middle half▲ 5.1%€0.4mwithin the sector's middle half▲ 45.8%
Total assets€0.4mbelow the sector's middle half-€0.8mwithin the sector's middle half▲ 134%€0.8mwithin the sector's middle half▲ 2.2%€1.2mwithin the sector's middle half▲ 39.0%€1.4mwithin the sector's middle half▲ 17.5%
Debt€0.2m-€0.6m▲ 158%€0.6m▲ 2.6%€0.9m▲ 52.9%€1.0m▲ 9.5%
Working capital€0.06mwithin the sector's middle half--€0.06mbelow the sector's middle half-€0.1mbelow the sector's middle half▼ 91.8%-€0.2mbelow the sector's middle half▼ 105%-€0.2mbelow the sector's middle half▼ 0.9%
Solvency35.7%within the sector's middle half-29.3%within the sector's middle half▼ 6.4pp29.1%within the sector's middle half▼ 0.2pp22.0%within the sector's middle half▼ 7.1pp27.3%within the sector's middle half▲ 5.3pp
Current ratio1.42within the sector's middle half-0.79below the sector's middle half▼ 0.630.66below the sector's middle half▼ 0.130.51below the sector's middle half▼ 0.150.63below the sector's middle half▲ 0.12
Return on assets (ROA)34.3%above the sector's middle half-14.0%above the sector's middle half▼ 20.3pp0.4%below the sector's middle half▼ 13.7pp9.5%within the sector's middle half▲ 9.2pp8.6%within the sector's middle half▼ 1.0pp
Staff (FTE)3.4within the sector's middle half-6.3within the sector's middle half▲ 85.3%8.4above the sector's middle half▲ 33.3%10.1above the sector's middle half▲ 20.2%16.3above the sector's middle half▲ 61.4%
above within below The sector band is the middle half of the companies in Retail trade (NACE 47). 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.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.4m
Fixed assets €954,625 ▲ 3.4%
Current assets €431,215 ▲ 68.2%
Equity and liabilities €1.4m
Equity €377,702 ▲ 45.8%
Debt €1.0m ▲ 9.5%
Debt's share of the balance-sheet total falls from 78.0% to 72.7%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€253,253▲
2024 · €211,840
Cash flow
€152,006▲
2024 · €143,805
Quick ratio
0.37▲
2024 · 0.33
Debt to equity
2.67▼
2024 · 3.55
ROE
31.4%▼
2024 · 43.4%
Interest coverage
5.02▼
2024 · 9.88
Debt ≤ 1 year
€680,554▲
2024 · €503,450
Debt > 1 year
€325,132▼
2024 · €416,841
Income taxes
€51,463▲
2024 · €47,975
Staff costs
€459,036▲
2024 · €272,521
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Staff

social balance sheet
Item31-03-202231-03-202331-03-202431-03-2025
Employees at the balance-sheet date7131623
full-time46710
part-time37913
in full-time equivalents5.9912.318.3
Average over the year, in full-time equivalents6.38.410.116.3
On a permanent contract591216
Joined56715181
Left54654874
Training hours506212424

Source: social balance sheet in the 2022 to 2025 annual accounts

Investments

fixed assets acquired
Item31-03-202231-03-202331-03-202431-03-2025
Tangible fixed assets€41,532€41,721€14,347€13,043
Financial fixed assets€415,250-€324,000€81,325
Depreciation and write-downs of the year€19,750€24,495€31,322€33,357

Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)

Subsidies and aid

Flemish government

2024 to 2025 · 2 entries · €4,000 awarded · €4,000 paid
Year Entries AwardedPaid
2025 1 €2,000€2,000
2024 1 €2,000€2,000
Schemes
2 entries · €4,000 · €4,000 paid · Fonds voor Innoveren en Ondernemen

Comparable companies

These companies have the same main activity as COENE GERARDI: other retail sale of food (NACE 47279). They are comparable in size and age: total assets between €1.1m and €2.9m, founded between 2014 and 2023.

CompanyFoundedTotal assetsEquityGross marginNet resultFTEFinancial year
COENE GERARDI Aalter2020€1.4m€0.4m€0.7m€0.1m16.32025
Yugen Knokke-Heist2019€1.6m€1.2m€1.1m€0.4m10.52025
Biovita Brugge2018€2.1m€0.4m€1.4m€0.3m15.22025
EcoRetail Tienen2023€1.1m€0.04m€0.8m€0.03m12.52025
DARIUS CAFE Liège2014€1.6m€1.0m€1.0m€0.2m14.92025
MASSART BUTCHER SHOP Chaudfontaine2019€2.9m€0.5m€0.8m-€0.1m13.92025
CVV Knokke-Heist2019€2.5m€0.1m€0.7m€0.1m9.82025

They were chosen from the 998 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 · 59 lines

Source: Annual accounts 2025 (PDF), filed on 07-11-2025.

Balance sheet Code20242025
Assets
Total assets20/58€1.2m€1.4m▲
Fixed assets21/28€0.9m€1.0m▲
Tangible fixed assets22/27€0.2m€0.1m▼
Plant, machinery and equipment23€0.1m€0.1m▼
Furniture and vehicles24€0.04m€0.007m▼
Leasing and similar rights25€0.03m€0.02m▼
Other tangible fixed assets26€0.003m€0.007m▲
Financial fixed assets28€0.7m€0.8m▲
Current assets29/58€0.3m€0.4m▲
Amounts receivable after more than one year29€0.02m€0.009m▼
Other amounts receivable291€0.02m€0.009m▼
Stocks and contracts in progress3€0.09m€0.2m▲
Stocks30/36€0.09m€0.2m▲
Amounts receivable within one year40/41€0.09m€0.2m▲
Trade receivables40€0.08m€0.1m▲
Other amounts receivable41€0.01m€0.06m▲
Cash at bank and in hand54/58€0.06m€0.07m▲
Deferred charges and accrued income490/1€0.006m€0.007m▲
Equity and liabilities
Total equity and liabilities10/49€1.2m€1.4m▲
Equity10/15€0.3m€0.4m▲
Contributions10/11€0.005m€0.005m=
Reserves13€0.3m€0.4m▲
Distributable reserves133€0.3m€0.4m▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€0.9m€1.0m▲
Amounts payable after more than one year17€0.4m€0.3m▼
Financial debts170/4€0.4m€0.3m▼
Amounts payable within one year42/48€0.5m€0.7m▲
Current portion of amounts payable after more than one year42€0.1m€0.1m▼
Financial debts43€62€110▲
Credit institutions430/8€62€110▲
Trade debts44€0.2m€0.3m▲
Suppliers440/4€0.2m€0.3m▲
Taxes, remuneration and social security45€0.05m€0.07m▲
Taxes450/3€0.008m€0.01m▲
Remuneration and social security454/9€0.04m€0.06m▲
Other amounts payable47/48€0.1m€0.2m▲
Accrued charges and deferred income492/3€0.001m€0.002m▲
Income statement Code20242025
Remuneration, social security and pensions62€0.3m€0.5m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.03m€0.03m▲
Other operating charges640/8€0.003m€0.004m▲
Non-recurring operating charges66A-€0.004m
Gross operating margin9900€0.5m€0.7m▲
Operating profit (loss)9901€0.2m€0.2m▲
Financial income75/76B€0.001m€0.001m▼
Recurring financial income75€0.001m€0.001m▼
Financial charges65/66B€0.02m€0.05m▲
Recurring financial charges65€0.02m€0.05m▲
Profit (loss) for the period before taxes9903€0.2m€0.2m▲
Income taxes67/77€0.05m€0.05m▲
Profit (loss) for the period9904€0.1m€0.1m▲
Profit (loss) for the period to be appropriated9905€0.1m€0.1m▲
Appropriation of the result
Profit (loss) to be appropriated9906€0.1m€0.1m▲
Transfer from equity791/2€0.1m€0▼
Transfer to equity691/2€0.1m€0.1m▲
To other reserves6921€0.1m€0.1m▲
Profit to be distributed694/7€0.1m€0▼
Return on contributions (dividend)694€0.1m€0▼
Social balance sheet
Average headcount (FTE)908710.116.3▲

The notes to these accounts have 20 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Line20212022202320242025Change
Remuneration, social security and pensions62-€158,045€205,956€272,521€459,036▲ 68.4%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,612€19,750€24,495€31,322€33,357▲ 6.5%
Other operating charges640/8-€1,939€1,199€2,629€3,511▲ 33.5%
Non-recurring operating charges66A----€3,950-
Gross operating margin9900€235,526€343,846€254,693€486,990€719,751▲ 47.8%
Operating profit (loss)9901€156,417€164,113€23,042€180,518€219,896▲ 21.8%
Financial income75/76B-€259€1,141€1,376€630▼ 54.2%
Recurring financial income75€53€259€1,141€1,376€630▼ 54.2%
Financial charges65/66B-€14,759€12,089€21,436€50,415▲ 135%
Recurring financial charges65€1,696€14,759€12,089€21,436€50,415▲ 135%
Profit (loss) for the period before taxes9903€154,774€149,613€12,094€160,458€170,112▲ 6.0%
Income taxes67/77€33,127€32,941€8,842€47,975€51,463▲ 7.3%
Profit (loss) for the period9904€121,647€116,671€3,252€112,483€118,649▲ 5.5%
Profit (loss) for the period to be appropriated9905€121,647€116,671€3,252€112,483€118,649▲ 5.5%
Line20212022202320242025Change
Assets
Total assets20/58€0.4m€0.8m€0.8m€1.2m€1.4m▲ 17.5%
Fixed assets21/28€0.2m€0.6m€0.6m€0.9m€1.0m▲ 3.4%
Intangible fixed assets21€0.1m€0----
Tangible fixed assets22/27€0.01m€0.2m€0.2m€0.2m€0.1m▼ 27.2%
Plant, machinery and equipment23-€0.1m€0.1m€0.1m€0.1m▼ 12.8%
Furniture and vehicles24-€0.03m€0.03m€0.04m€0.007m▼ 81.9%
Leasing and similar rights25-€0.005m€0.03m€0.03m€0.02m▼ 32.0%
Other tangible fixed assets26-€0.006m€0.005m€0.003m€0.007m▲ 126%
Financial fixed assets28-€0.4m€0.4m€0.7m€0.8m▲ 11.0%
Current assets29/58€0.2m€0.2m€0.2m€0.3m€0.4m▲ 68.2%
Amounts receivable after more than one year29--€0.02m€0.02m€0.009m▼ 39.6%
Other amounts receivable291--€0.02m€0.02m€0.009m▼ 39.6%
Stocks and contracts in progress3€0.05m€0.07m€0.09m€0.09m€0.2m▲ 96.9%
Stocks30/36-€0.07m€0.09m€0.09m€0.2m▲ 96.9%
Amounts receivable within one year40/41€0.01m€0.06m€0.07m€0.09m€0.2m▲ 88.6%
Trade receivables40-€0.002m€0.008m€0.08m€0.1m▲ 30.1%
Other amounts receivable41-€0.06m€0.06m€0.01m€0.06m▲ 514%
Cash at bank and in hand54/58€0.1m€0.1m€0.05m€0.06m€0.07m▲ 23.9%
Deferred charges and accrued income490/1-€0.001m€0.005m€0.006m€0.007m▲ 23.0%
Equity and liabilities
Total equity and liabilities10/49€0.4m€0.8m€0.8m€1.2m€1.4m▲ 17.5%
Equity10/15€0.1m€0.2m€0.2m€0.3m€0.4m▲ 45.8%
Contributions10/11-€0.005m€0.005m€0.005m€0.005m=
Reserves13€0.1m€0.2m€0.2m€0.3m€0.4m▲ 46.7%
Distributable reserves133-€0.2m€0.2m€0.3m€0.4m▲ 46.7%
Profit (loss) carried forward14---€0€0-
Amounts payable17/49€0.2m€0.6m€0.6m€0.9m€1.0m▲ 9.5%
Amounts payable after more than one year17€0.09m€0.3m€0.2m€0.4m€0.3m▼ 22.0%
Financial debts170/4-€0.3m€0.2m€0.4m€0.3m▼ 22.0%
Amounts payable within one year42/48€0.1m€0.3m€0.4m€0.5m€0.7m▲ 35.2%
Current portion of amounts payable after more than one year42-€0.05m€0.07m€0.1m€0.1m▼ 16.4%
Financial debts43-€12€80€62€110▲ 75.6%
Credit institutions430/8-€12€80€62€110▲ 75.6%
Trade debts44€0.08m€0.2m€0.2m€0.2m€0.3m▲ 48.2%
Suppliers440/4-€0.2m€0.2m€0.2m€0.3m▲ 48.2%
Taxes, remuneration and social security45-€0.03m€0.03m€0.05m€0.07m▲ 40.9%
Taxes450/3-€0€0.002m€0.008m€0.01m▲ 48.6%
Remuneration and social security454/9-€0.03m€0.02m€0.04m€0.06m▲ 39.3%
Other amounts payable47/48-€0.05m€0.02m€0.1m€0.2m▲ 67.9%
Accrued charges and deferred income492/3---€0.001m€0.002m▲ 349%
Line20212022202320242025Change
Profit (loss) for the period9904€121,647€116,671€3,252€112,483€118,649▲ 5.5%
+ Depreciation and write-downs630€4,612€19,750€24,495€31,322€33,357▲ 6.5%
Operating cash flow (approximation)€126,259€136,421€27,747€143,805€152,006▲ 5.7%
Investment in fixed assets (approximation)--€456,782-€41,471-€338,347-€64,418▲ 81.0%
Change in cash--€27,497-€51,688€8,895€13,435▲ 51.0%

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

Download as CSV

Filings with the National Bank (5)
Financial year Type Filed Reference Document
31-03-2025 abbreviated format 07-11-2025 2025-00563960 PDF
31-03-2024 abbreviated format 29-10-2024 2024-00519818 PDF
31-03-2023 abbreviated format 30-10-2023 2023-00496414 PDF
31-03-2022 abbreviated format 31-10-2022 2022-20477794 PDF
31-03-2021 abbreviated format 29-11-2021 2021-79200364 PDF

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