Summary
COMPAGNIE BENELUX PARTICIPATIONS is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €3.44B and a net result of €229.63M. Equity is growing by ~10% per year across the filed fiscal years. Its solvency ranks better than 82% of 2394 sector peers (fiscal year 2025). The company has been active since 1957 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 19-05-2026, 73 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
73 d early
2024
77 d early
2023
85 d early
2022
81 d early
2021
75 d early
2020
72 d early
2019
78 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Equity
€3.44B▲ 10.9%
2024 · €3.10B
2018: €1.78B
2019: €1.91B
2020: €2.06B
2021: €2.90B
2022: €3.18B
2023: €3.17B
2024: €3.10B
2018 → 2025
Net result
€229.63M▲ 1,096%
2024 · €19.20M
2018: €262.92M
2019: €189.24M
2020: €201.26M
2021: €898.73M
2022: €357.82M
2023: €77.74M
2024: €19.20M
2018 → 2025
Total assets
€3.67B▲ 10.2%
2024 · €3.33B
2018: €2.03B
2019: €2.06B
2020: €2.25B
2021: €3.05B
2022: €3.38B
2023: €3.39B
2024: €3.33B
2018 → 2025
Solvency
93.8%▲ 0.6pp
2024 · 93.2%
2018: 87.4%
2019: 92.7%
2020: 91.6%
2021: 95.0%
2022: 94.1%
2023: 93.5%
2024: 93.2%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€6.30M-€4.94M▼ 21.5%€159k▼ 96.8%€129k▼ 18.9%€205k▲ 59.5%
Equity€2.90B-€3.18B▲ 9.7%€3.17B▼ 0.2%€3.10B▼ 2.2%€3.44B▲ 10.9%
Operating result€-7.05M-€-24.65M▼ 250%€-22.50M▲ 8.7%€-19.23M▲ 14.5%€-25.10M▼ 30.5%
Net result€898.73M-€357.82M▼ 60.2%€77.74M▼ 78.3%€19.20M▼ 75.3%€229.63M▲ 1,096%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €25.10M in 2025 against €19.23M in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.67B
Fixed assets
€3.01B ▲ 12.4%
Current assets
€659.89M ▲ 1.1%
Equity and liabilities €3.67B
Equity
€3.44B ▲ 10.9%
Provisions
€12.50M =
Debt
€214.86M ▲ 0.5%
Debt's share of the balance-sheet total falls from 6.4% to 5.9%. Equity and debt are higher.
Key figures and ratios
ROE
6.7%▲
2024 · 0.6%
ROA
6.3%▲
2024 · 0.6%
Debt ≤ 1 year
€153.48M▼
2024 · €212.08M
Debt > 1 year
€61.14M
Income taxes
€469k▼
2024 · €1.25M
Staff costs
€8.69M▲
2024 · €8.14M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 96 lines
Balance sheet
Code20242025
Assets
Total assets20/58€3.33B€3.67B▲
Fixed assets21/28€2.68B€3.01B▲
Intangible fixed assets21€108k€62k▼
Tangible fixed assets22/27€1.19M€1.25M▲
Land and buildings22€1€1=
Plant, machinery and equipment23€426k€558k▲
Furniture and vehicles24€765k€693k▼
Financial fixed assets28€2.68B€3.01B▲
Affiliated companies280/1€1.94B€2.20B▲
Participating interests280€1.82B€2.03B▲
Amounts receivable281€114.55M€168.25M▲
Companies linked by participating interests282/3€728.66M€795.57M▲
Participating interests282€644.38M€711.90M▲
Amounts receivable283€84.27M€83.67M▼
Other financial fixed assets284/8€8.71M€9.59M▲
Shares284€7.78M€8.70M▲
Amounts receivable and cash guarantees285/8€924k€892k▼
Current assets29/58€652.55M€659.89M▲
Amounts receivable after more than one year29€20.19M€18.36M▼
Other amounts receivable291€20.19M€18.36M▼
Amounts receivable within one year40/41€172.52M€22.25M▼
Trade receivables40€82k€199k▲
Other amounts receivable41€172.44M€22.05M▼
Current investments50/53€443.33M€604.96M▲
Other investments51/53€443.33M€604.96M▲
Cash at bank and in hand54/58€8.09M€7.23M▼
Deferred charges and accrued income490/1€8.42M€7.08M▼
Equity and liabilities
Total equity and liabilities10/49€3.33B€3.67B▲
Equity10/15€3.10B€3.44B▲
Contributions10/11€654.72M€854.72M▲
Capital10€603.54M€803.54M▲
Issued capital100€603.54M€803.54M▲
Outside capital11€51.17M€51.17M=
Share premium1100/10€51.17M€51.17M=
Reserves13€287.11M€298.59M▲
Non-distributable reserves130/1€60.91M€72.40M▲
Legal reserve130€60.35M€71.84M▲
Other1319€560k€560k=
Tax-exempt reserves132€156.61M€156.61M=
Distributable reserves133€69.59M€69.59M=
Profit (loss) carried forward14€2.16B€2.29B▲
Provisions and deferred taxes16€12.50M€12.50M=
Provisions for liabilities and charges160/5€12.50M€12.50M=
Pensions and similar obligations160€242k€242k=
Other liabilities and charges164/5€12.26M€12.26M=
Amounts payable17/49€213.88M€214.86M▲
Amounts payable after more than one year17-€61.14M
Financial debts170/4-€61.14M
Other loans174-€61.14M
Amounts payable within one year42/48€212.08M€153.48M▼
Current portion of amounts payable after more than one year42€60.36M€338k▼
Financial debts43€56.77M€52.33M▼
Other loans439€56.77M€52.33M▼
Trade debts44€1.56M€3.86M▲
Suppliers440/4€1.56M€3.86M▲
Taxes, remuneration and social security45€3.44M€4.48M▲
Taxes450/3€92k€560k▲
Remuneration and social security454/9€3.35M€3.92M▲
Other amounts payable47/48€89.95M€92.48M▲
Accrued charges and deferred income492/3€1.80M€235k▼
Income statement
Code20242025
Operating income70/76A€791k€288k▼
Turnover70€129k€205k▲
Other operating income74€20k€46k▲
Non-recurring operating income76A€642k€36k▼
Operating charges60/66A€20.02M€25.39M▲
Services and other goods61€9.54M€12.31M▲
Remuneration, social security and pensions62€8.14M€8.69M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€404k€458k▲
Other operating charges640/8€89k€47k▼
Non-recurring operating charges66A€1.84M€3.88M▲
Operating profit (loss)9901€-19.23M€-25.10M▼
Financial income75/76B€93.11M€464.98M▲
Recurring financial income75€52.47M€126.63M▲
Income from financial fixed assets750€23.57M€113.23M▲
Income from current assets751€21.67M€12.02M▼
Other financial income752/9€7.24M€1.37M▼
Non-recurring financial income76B€40.64M€338.35M▲
Financial charges65/66B€53.43M€209.78M▲
Recurring financial charges65€3.35M€7.36M▲
Debt charges650€3.35M€2.46M▼
Other financial charges652/9€2k€4.91M▲
Non-recurring financial charges66B€50.07M€202.42M▲
Profit (loss) for the period before taxes9903€20.45M€230.10M▲
Income taxes67/77€1.25M€469k▼
Taxes670/3€1.68M€469k▼
Tax adjustments and reversals of tax provisions77€433k-
Profit (loss) for the period9904€19.20M€229.63M▲
Profit (loss) for the period to be appropriated9905€19.20M€229.63M▲
Appropriation of the result
Profit (loss) to be appropriated9906€2.25B€2.39B▲
Profit (loss) brought forward from the previous period14P€2.23B€2.16B▼
Transfer to equity691/2-€11.48M
To the legal reserve6920-€11.48M
Profit to be distributed694/7€88.86M€91.37M▲
Return on contributions (dividend)694€88.21M€90.59M▲
Employees696€647k€782k▲
Social balance
Average headcount (FTE)908729.630.5▲
The notes to these accounts (120 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
14-07
State Gazette act
Incorporation · Founder
Founding capital · Bank account
19-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
15-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €19.20M ▼75.3%
Net result drops to €19.20M, the lowest in the series; recovery starts the following year.
07-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
11-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
17-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €898.73M ▲347%
Operating result €-7.05M, net result €898.73M, both a record.
31-12
Financial
Liquidity times 6current ratio 8.89
Current ratio from 1.62 to 8.89; short-term debt falls from €175.79M to €80.04M.
31-12
Financial
Equity above €2500MEq €2.90B ▲40.7%
4 profitable years in a row build equity to €2.90B.
20-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
14-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2019
21-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
11-06
State Gazette act
General meeting · Capital increase
Capital · Statutes amendment
07-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
05-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
51 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 1957
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Kanselarijstraat 21000 BrusselGround area
3,406 m²
Building footprint
3,354 m²
Volume, LiDAR
88,937 m³
Parcel 21804D1424/00E002, Brussels · tallest building 35.3 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
Kanselarijstraat 2, 1000 Brussel
since 19572.004.571.613
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21804D1424/00E002 | Brussels | 3,406 m² | 1 · 3,354 m² | 35.3 m · 9 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Ownership & control
1 subsidiary, 1 abroadCOMPAGNIE BENELUX PARTICIPATIONSBE 0403.233.750
controls
Where this company holds controlsubsidiary per the LEI register1
MASCAGNA S.A.
Luxembourg, Luxembourg · LEI lapsed
Recognitions · licences · registrations
Legal Entity Identifier
549300119MTIS5ZPZF26
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Of 24,725 companies in sector 64210 we hold annual accounts for 19,762. 155 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded04-12-1957
Fiscal year end31-12
Abbreviation FR
Cobepa
Activities, NACEBEL 2025
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 53 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.