COTITEX

Active Public limited companyfounded 2001active for 25 yearsLouizalaan 221, 1050 BrusselsKBO/BCE: BE 0473.839.456 subsidiary of K FINANCE COORDINATION & SERVICES

COTITEX

Financial year 2025

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Annual accounts 2025

full format, filed on 12-06-2026, 49 days before the deadline

€13.8m

▼ 6.3%

€1.2m

▼ 18.6%

53.9%

▲ 0.3 percentage points

2.17

▼ 0.00

Money flows

of every €100 of turnover, €5.68 remains as profit in 2025

Balance sheet

balance sheet total €9.3m on 31-12-2025

What the company ownsHow it is paid for

in €m

in euro

Position in the sector

Compare with sector

53.9%

Higher than 60% of 6,192 companies in 2025.

2.17

Higher than 61% of 6,112 companies in 2025.

8.4%

Higher than 74% of 6,176 companies in 2025.

COTITEX Middle half of the sector 80% of the sector Full accounts in wholesale trade (NACE 46)

Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter · Staff: bottom quarter

Staff

Men and women

Not in that year's accounts.

€111,598

Staff costs divided by the average number of full-time equivalents.

people who joined people who left

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
`20/58`	9.3m	9.4m	10.1m	11.2m	13.3m	6.4m	6.9m	6.4m	5.1m	6.1m	5.2m	6.2m	3.0m	2.5m	2.7m	1.5m	1.3m	2.0m	4.0m	2.7m
`21/28`	166	166	166	166	166	166	166	166	166	166	166	23,005	166	7,115	4,945	3,821	10,770	10,777	10,593	46,492
`22/27`	-	-	-	-	-	-	-	-	-	-	-	22,839	-	-	-	-	-	148	928	1,709
`24`	-	-	-	-	-	-	-	-	-	-	-	22,839	-	-	-	-	-	148	928	1,709
`28`	166	166	166	166	166	166	166	166	166	166	166	166	166	7,115	4,945	3,821	10,770	10,629	9,664	44,783
`284/8`	166	166	166	166	166	166	166	166	166	166	166	166	166	7,115	4,945	3,821	10,770	10,629	9,664	44,783
`285/8`	166	166	166	166	166	166	166	166	166	166	166	166	166	7,115	4,945	3,821	10,770	10,629	9,664	44,783
`29/58`	9.3m	9.4m	10.1m	11.2m	13.3m	6.4m	6.9m	6.4m	5.1m	6.1m	5.2m	6.2m	3.0m	2.5m	2.7m	1.5m	1.3m	2.0m	3.9m	2.6m
`3`	4.3m	3.8m	3.9m	6.2m	8.3m	3.8m	4.5m	2.6m	2.7m	2.9m	2.5m	3.8m	1.6m	1.2m	703,870	210,119	527,248	541,613	1.8m	923,453
`30/36`	4.3m	3.8m	3.9m	6.2m	8.3m	3.8m	4.5m	2.6m	2.7m	2.9m	2.5m	3.8m	1.6m	1.2m	703,870	210,119	527,248	541,613	1.8m	923,453
`34`	4.3m	3.8m	3.9m	6.2m	8.3m	3.8m	4.5m	2.6m	2.7m	2.9m	2.5m	3.8m	1.6m	1.2m	703,870	210,119	527,248	541,613	1.8m	923,453
`40/41`	4.6m	3.3m	4.3m	4.3m	4.6m	2.4m	2.3m	3.5m	2.4m	2.8m	2.4m	2.2m	1.2m	1.1m	1.4m	514,027	512,654	1.4m	1.6m	1.2m
`40`	4.4m	3.2m	4.3m	4.0m	4.5m	2.2m	2.1m	3.2m	2.2m	2.5m	2.1m	1.7m	998,046	982,085	1.2m	471,345	480,584	1.2m	1.5m	958,460
`41`	193,266	103,349	80,295	284,907	94,548	209,230	255,496	294,921	240,341	270,254	338,693	482,890	157,433	127,995	253,759	42,682	32,071	263,636	80,316	273,983
`50/53`	-	1.4m	1.5m	-	-	-	-	-	-	-	112	113	-	-	-	-	-	-	-	-
`51/53`	-	1.4m	1.5m	-	-	-	-	-	-	-	112	113	-	-	-	-	-	-	-	-
`54/58`	301,866	887,922	337,983	772,225	509,437	255,683	115,494	239,339	81,336	441,116	259,261	193,870	278,668	149,869	527,823	737,730	248,932	62,761	620,181	462,675
`490/1`	-	1,353	3,030	-	83	-	-	-	500	-	3	102	250	52,895	1,658	305	304	547	4,041	929
Balance sheet: equity and liabilities
`10/49`	9.3m	9.4m	10.1m	11.2m	13.3m	6.4m	6.9m	6.4m	5.1m	6.1m	5.2m	6.2m	3.0m	2.5m	2.7m	1.5m	1.3m	2.0m	4.0m	2.7m
`10/15`	5.0m	5.0m	4.9m	4.6m	4.8m	3.2m	2.8m	2.4m	2.3m	1.9m	1.7m	1.5m	1.3m	1.2m	1.1m	938,377	859,527	696,161	594,289	262,717
`10/11`	340,040	340,040	340,040	340,040	340,040	340,040	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000
`10`	340,040	340,040	340,040	340,040	340,040	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`100`	340,040	340,040	340,040	340,040	340,040	340,040	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000
`13`	1.1m	1.1m	1.1m	1.1m	1.1m	328,690	287,440	6,200	6,200	6,200	6,200	6,200	6,200	6,807	6,807	6,200	6,200	6,200	18,700	18,700
`130/1`	34,004	34,004	34,004	34,004	34,004	34,004	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`130`	34,004	34,004	34,004	34,004	34,004	34,004	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200
`132`	13,446	745,986	1.0m	1.0m	1.0m	294,686	281,240	-	-	-	-	-	-	607	607	-	-	-	12,500	12,500
`133`	1.0m	281,240	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`14`	3.6m	3.6m	3.5m	3.2m	3.4m	2.5m	2.5m	2.3m	2.3m	1.9m	1.6m	1.5m	1.3m	1.2m	1.0m	870,177	791,327	627,961	513,589	182,017
`17/49`	4.3m	4.4m	5.2m	6.6m	8.5m	3.3m	4.1m	4.0m	2.8m	4.2m	3.5m	4.6m	1.7m	1.3m	1.5m	527,626	440,381	1.3m	3.4m	2.4m
`42/48`	4.3m	4.3m	5.2m	6.6m	8.5m	3.3m	4.1m	4.0m	2.8m	4.2m	3.5m	4.6m	1.6m	1.3m	1.5m	524,045	436,909	1.3m	3.3m	2.4m
`43`	1.8m	1.2m	2.0m	3.6m	4.9m	1.1m	2.2m	2.7m	1.4m	1.4m	1.5m	2.3m	-	-	334,987	419,888	146,072	614,131	298,463	169,500
`430/8`	1.8m	1.2m	2.0m	3.6m	3.0m	1.1m	2.2m	2.7m	1.4m	1.4m	1.5m	2.3m	-	-	334,987	107,420	88,104	563,328	-	-
`439`	-	-	-	-	1.9m	-	-	-	-	-	-	-	-	-	-	312,468	57,968	50,803	298,463	169,500
`44`	1.6m	2.3m	2.3m	1.9m	3.0m	2.0m	1.6m	805,023	1.2m	1.6m	1.9m	2.1m	1.6m	1.3m	1.2m	91,538	278,957	716,839	3.0m	2.2m
`440/4`	1.6m	2.3m	2.3m	1.9m	3.0m	2.0m	1.6m	805,023	1.2m	1.6m	1.9m	2.1m	1.6m	1.3m	1.2m	91,538	278,957	716,839	3.0m	2.2m
`45`	37,621	60,133	129,226	100,483	107,929	22,039	133,888	145,819	180,186	45,639	38,817	16,186	43,412	13,371	28,713	12,618	11,881	14,666	13,665	9,201
`450/3`	11,909	34,278	103,792	78,854	80,686	2,305	108,378	122,154	156,209	25,947	21,061	2,090	33,809	3,811	19,817	1,658	1,380	5,199	5,167	842
`454/9`	25,711	25,855	25,434	21,629	27,244	19,734	25,510	23,665	23,977	19,692	17,756	14,096	9,604	9,560	8,896	10,961	10,501	9,467	8,498	8,359
`47/48`	800,000	808,869	805,974	1.0m	529,671	155,052	79,000	355,212	-	1.2m	-	200,000	-	-	-	-	-	-	50,000	-
`492/3`	5,520	40,371	18,146	36,832	16,903	20,735	4,990	5,223	3,009	15,436	1,613	1,974	60,266	188	471	3,581	3,472	561	15,045	596
Income statement
`70/76A`	13.9m	14.7m	12.2m	19.7m	17.0m	8.9m	9.1m	11.8m	8.6m	7.5m	7.6m	9.0m	4.2m	3.3m	3.2m	2.8m	3.0m	5.7m	6.1m	2.7m
`70`	13.8m	14.7m	12.2m	19.7m	17.0m	8.9m	9.1m	11.6m	8.5m	7.4m	7.4m	9.0m	4.2m	3.2m	3.2m	2.7m	2.9m	5.7m	6.1m	2.6m
`74`	97,653	1,396	270	20,454	39,917	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`60/66A`	12.7m	13.3m	10.8m	18.4m	14.4m	8.8m	8.5m	10.5m	7.9m	7.1m	7.4m	8.6m	4.0m	3.1m	2.9m	2.6m	2.7m	5.4m	5.6m	2.6m
`60`	11.9m	12.5m	10.0m	17.5m	13.6m	8.3m	7.8m	9.8m	7.2m	6.7m	6.8m	8.2m	3.8m	2.9m	2.7m	2.5m	2.6m	5.0m	5.4m	2.5m
`600/8`	12.4m	12.4m	7.7m	15.4m	18.1m	7.5m	9.6m	9.8m	7.0m	7.1m	5.5m	10.4m	4.2m	3.4m	3.2m	2.1m	2.6m	3.8m	6.2m	3.4m
`609`	-541,491	70,720	2.3m	2.1m	-4.5m	719,690	-1.9m	39,536	242,964	-421,902	1.3m	-2.2m	-420,564	-484,074	-493,751	317,129	30,435	1.2m	-804,012	-967,437
`61`	609,289	549,775	532,229	693,048	591,837	311,474	444,854	506,814	419,897	361,247	307,138	276,000	98,800	100,944	115,676	94,597	112,519	312,641	214,562	61,228
`62`	223,196	225,603	203,286	209,139	205,969	212,810	233,621	238,010	259,815	181,131	181,255	123,842	95,204	94,696	88,894	83,099	74,324	70,703	60,428	59,458
`630`	-	-	-	-	-	-	-	-	-	-	4,009	1,212	-	-	-	-	148	780	780	780
`631/4`	-	-	-	-18,138	-5,968	24,106	-	-5,522	4,553	-104,449	91,982	11,863	740	834	-843	-1,581	-32,102	12,300	-23,866	46,092
`640/8`	296	941	1,608	-	22	587	1,148	6,956	2,906	2,912	12,558	480	89	89	932	89	89	89	89	13,032
`66A`	-	-	-	49	-	-	-	-	-	-	5,881	-	25	55	1,007	-	-	-	-	-
`9901`	1.2m	1.5m	1.4m	1.3m	2.6m	109,003	668,675	1.2m	689,031	426,646	256,707	332,625	203,952	128,440	270,890	120,330	224,136	249,381	512,999	21,037
`75/76B`	291,389	178,782	267,348	644,550	196,608	205,441	81,269	160,386	172,209	201,761	61,086	69,729	36,683	101,872	92,487	108,320	192,306	65,392	243,657	65,997
`75`	291,389	178,782	267,348	644,550	196,608	205,441	81,269	160,386	172,209	201,761	61,086	69,729	36,683	101,872	92,487	108,320	192,306	65,392	243,657	65,997
`751`	9,226	29,233	15,264	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`752/9`	282,162	149,548	252,084	644,550	196,608	205,441	81,269	160,386	172,209	201,761	61,086	69,729	36,683	101,872	92,487	108,320	192,306	65,392	243,657	65,997
`65/66B`	428,735	348,819	318,102	814,530	211,030	196,876	148,608	156,429	205,654	267,475	113,374	112,315	81,868	61,789	117,521	123,412	185,382	167,506	183,278	50,439
`65`	428,735	348,819	318,102	814,530	211,030	196,876	148,608	156,429	205,654	267,475	113,374	112,315	81,868	61,789	117,521	123,412	185,382	167,506	183,278	50,439
`650`	36,122	99,721	111,605	118,896	21,552	32,287	33,255	18,390	19,738	14,979	26,236	12,379	1,294	2,902	1,651	5,297	7,299	36,090	16,136	314
`652/9`	392,612	249,098	206,498	695,634	189,479	164,589	115,353	138,039	185,916	252,496	87,138	99,936	80,573	58,887	115,870	118,115	178,083	131,416	167,143	50,125
`9903`	1.0m	1.3m	1.4m	1.2m	2.6m	117,568	601,335	1.2m	655,586	360,932	198,538	290,039	158,742	168,468	244,848	105,238	231,060	147,267	573,377	36,595
`67/77`	259,654	323,047	349,221	293,841	617,640	44,458	180,927	368,555	227,445	119,876	62,678	89,625	44,407	49,142	74,116	26,389	67,693	45,396	191,805	9,685
`670/3`	261,981	323,485	349,352	293,841	622,785	44,458	180,927	368,555	227,445	119,876	62,698	89,625	44,407	49,142	74,116	26,414	67,693	45,396	191,847	10,083
`77`	2,327	438	131	-	5,146	-	-	-	-	-	19	-	-	-	-	26	-	-	42	397
`9904`	783,497	957,364	1.0m	875,592	2.0m	73,110	420,408	866,000	428,140	241,056	135,860	200,414	114,335	119,327	170,733	78,849	163,366	101,872	381,572	26,910
`789`	732,540	281,240	-	-	-	-	-	-	-	-	-	-	607	-	-	-	-	12,500	-	-
`689`	-	-	-	-	732,540	13,446	281,240	-	-	-	-	-	-	-	607	-	-	-	-	-
`9905`	1.5m	1.2m	1.0m	875,592	1.2m	59,664	139,168	866,000	428,140	241,056	135,860	200,414	114,941	119,327	170,126	78,849	163,366	114,372	381,572	26,910
Appropriation of the result
`9906`	5.1m	4.7m	4.3m	4.2m	3.7m	2.5m	2.5m	3.1m	2.3m	1.9m	1.6m	1.5m	1.3m	1.2m	1.0m	870,177	791,327	627,961	563,589	182,017
`14P`	3.6m	3.5m	3.2m	3.4m	2.5m	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`691/2`	732,540	281,240	-	-	-	27,804	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`6920`	-	-	-	-	-	27,804	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`6921`	732,540	281,240	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`694/7`	800,000	808,869	805,974	1.0m	355,671	5,052	-	805,212	-	-	-	-	-	-	-	-	-	-	50,000	-
`694`	800,000	800,000	800,000	1.0m	348,140	-	-	800,000	-	-	-	-	-	-	-	-	-	-	50,000	-
`696`	-	8,869	5,974	4,476	7,531	5,052	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Social balance sheet
`9087`	2	2	2	2	2	2.4	3	2.9	3.1	2.9	3	2	1	1	1	1	1	1	1	1
Men (FTE)`1003`	2	2	-	2	-	-	-	2	2	2	2	1	1	1	-	-	-	-	-	-
Women (FTE)`1003`	-	0	-	-	-	-	-	0.9	1.1	0.9	1	1	-	-	-	-	-	-	-	-
Hours worked`1013`	3,154	3,228	3,302	3,154	3,344	3,507	4,361	4,337	5,156	3,939	3,968	2,022	1,592	1,642	1,605	1,655	1,647	1,650	1,640	1,627
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The accounts for 5 older financial years (2001-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 25 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 12-06-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

Financial year	Type	Filed	Reference	Document
31-12-2025	full format	12-06-2026	2026-00157432	PDF
31-12-2024	full format	19-06-2025	2025-00167346	PDF
31-12-2023	full format	12-06-2024	2024-00139764	PDF
31-12-2022	full format	16-06-2023	2023-00131636	PDF
31-12-2021	full format	29-06-2022	2022-20148550	PDF
31-12-2020	full format	08-07-2021	2021-33700305	PDF
31-12-2019	full format	08-06-2020	2020-15400261	PDF
31-12-2018	full format	07-06-2019	2019-17300455	PDF
31-12-2017	full format	19-06-2018	2018-20600153	PDF
31-12-2016	full format	04-05-2017	2017-11300526	PDF
31-12-2015	full format	12-05-2016	2016-12300455	PDF
31-12-2014	full format	12-05-2015	2015-11900581	PDF
31-12-2013	full format	12-05-2014	2014-12100444	PDF
31-12-2012	full format	27-05-2013	2013-13300359	PDF
31-12-2011	full format	10-05-2012	2012-11300590	PDF
31-12-2010	full format	16-05-2011	2011-11800133	PDF
31-12-2009	full format	20-05-2010	2010-12300189	PDF
31-12-2008	full format	27-05-2009	2009-17200264	PDF
31-12-2007	full format	20-05-2008	2008-15900083	PDF
31-12-2006	full format	23-05-2007	2007-15900186	PDF
31-12-2005	full format	31-05-2006	2006-18005036	PDF
31-12-2004	full format	03-06-2005	2005-20401660	PDF
31-12-2003	full format	07-06-2004	2004-20405200	PDF
31-12-2002	full format	04-06-2003	2003-20204683	PDF
31-12-2001	full format	20-06-2002	2002-24501138	PDF

Key figures and ratios

per financial year, computed from the annual accounts

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
-	-	-	-	-	-	-	-	-	-	260,715	333,837	-	-	-	-	224,284	250,161	513,779	21,817
-	-	-	-	-	-	-	-	-	-	139,869	201,626	-	-	-	-	163,514	102,652	382,353	27,691
-	-	-	-	-	-	-	-	-	-	-18,831	24,052	-	-	-	-	141	965	-35,119	1,897
-586,056	549,939	-434,242	262,788	253,754	140,188	-123,844	158,003	-359,780	181,855	65,391	-84,798	128,799	-377,954	-209,906	488,798	186,171	-557,420	157,506	-
5.0m	5.1m	4.9m	4.7m	4.8m	3.2m	2.8m	2.4m	2.4m	1.9m	1.7m	1.5m	1.4m	1.2m	1.1m	938,137	852,229	685,945	598,741	216,822
8.6%	9.9%	11.7%	6.8%	15.2%	1.2%	7.3%	10.6%	8.2%	5.8%	3.5%	3.7%	4.9%	4.1%	8.5%	4.4%	7.6%	4.4%	8.4%	0.8%
53.9%	53.5%	48.4%	41.3%	35.8%	49.3%	41.0%	37.8%	45.8%	31.5%	32.5%	25.0%	44.1%	49.0%	41.7%	64.0%	66.1%	34.1%	15.0%	9.9%
2.17	2.17	1.95	1.71	1.56	1.98	1.70	1.61	1.85	1.47	1.48	1.33	1.86	1.95	1.71	2.79	2.95	1.51	1.18	1.09
1.15	1.29	1.20	0.77	0.59	0.83	0.60	0.95	0.89	0.77	0.77	0.52	0.87	1.03	1.26	2.39	1.74	1.11	0.65	0.71
0.86	0.87	1.07	1.42	1.79	1.03	1.44	1.65	1.18	2.17	2.08	3.01	1.27	1.04	1.40	0.56	0.51	1.93	5.66	9.15
15.7%	19.1%	21.2%	18.9%	40.9%	2.3%	14.9%	35.9%	18.2%	12.6%	8.1%	13.0%	8.5%	9.7%	15.4%	8.4%	19.0%	14.6%	64.2%	10.2%
8.4%	10.2%	10.2%	7.8%	14.7%	1.1%	6.1%	13.6%	8.3%	4.0%	2.6%	3.2%	3.8%	4.8%	6.4%	5.4%	12.6%	5.0%	9.6%	1.0%
-	-	-	-	-	-	-	-	-	-	9.94	26.97	-	-	-	-	30.73	6.93	31.84	69.47
118 days	79 days	127 days	74 days	96 days	91 days	82 days	102 days	93 days	122 days	103 days	70 days	87 days	113 days	133 days	63 days	60 days	75 days	88 days	137 days
47 days	63 days	78 days	37 days	77 days	83 days	72 days	29 days	58 days	80 days	100 days	89 days	150 days	152 days	152 days	13 days	38 days	49 days	195 days	323 days

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item	31-12-2025	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	2	2	2	2	2
full-time	2	2	2	2	2
part-time	-	0	-	-	-
in full-time equivalents	2	2	2	2	2
	2	2	2	2	2
On a permanent contract	2	2	2	2	2
Joined	-	0	-	-	-
Left	-	0	-	-	-

Source: social balance sheet in the 2021 to 2025 annual accounts

Auditor

fees

Item	2025	2024	2023	2022	2021
Fee for the audit	€7,275	€7,050	€7,050	€6,150	€5,850

Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)

Insights on COTITEX

The operating result for 2025 is 19% lower than in 2024 and the lowest since 2020.

Debt's share of the balance-sheet total falls from 46.5% to 46.1%. Equity and debt are lower.

Next steps

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Annual accounts 2025

Money flows

Balance sheet

Change in equityin €m

Change in cashin euro

Position in the sector

Solvency53.9%

Current ratio2.17

Return on assets8.4%

Staff

Men and women

Staff cost per FTE€111,598

Joined and left

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Auditor

Insights on COTITEX

Next steps

in €m

in euro

53.9%

2.17

8.4%

€111,598