Skip to content

COBEHOLD

Group · 21 companies · 2 countries

COBEHOLD and the 20 companies it controls according to the LEI register and the annual accounts: the structure, the figures, each company's health and where the risk sits.

Parent's dossierFollow this group My exposure All groups
Companies
21
20 in Belgium, 1 abroad
Countries
2
Belgium, Luxembourg
Total assets
€6.09bn
what the companies own together
Equity
€5.59bn
the shareholders' buffer
Net result
€368.9m
profit or loss of the year
Staff (FTE)
267
in Belgium, social balance

Sum of the filed annual accounts of 18 of the 20 Belgian companies (fiscal years 2024-2025). Not a consolidation: receivables, participations and sales between group companies are not eliminated, so they count.

COBEHOLD also files consolidated accounts (fiscal year 2025): the real group figures, with intra-group positions eliminated. Checked does not read their figures yet; the document is at the National Bank's Central Balance Sheet Office.

Group risk

How healthy the group's Belgian companies are, and where the risk sits. A weak subsidiary can cost the parent money, and the other way round.

68/100 median score

Group structure

Who consolidates whom according to the LEI register, completed with who holds more than half of the shares according to the annual accounts. Both mean control.

  • COBEHOLD8 subsidiaries
    BE 0864.503.095Parent
    Healthy · 71€1.39bn €1.32bn 2025
    • 2Arion5
      BE 1022.048.41878.51% per the accounts
      No verdictno figures
    • 2Erebus4
      BE 1009.708.92978.15% per the accounts
      No verdictno figures
    • 2Themis3
      BE 0802.098.64182% per the accounts
      Elevated · 42€49.6m €13.6m 2024
    • COBIB
      BE 0820.318.31057.13% per the accounts
      Fair · 58€41.2m €14.4m 2025
    • COBIC
      BE 0425.949.467100% per the accounts
      Healthy · 68€11.7m €11.7m 2025
    • COBIUS
      BE 0639.726.876100% per the accounts
      Healthy · 69€29.3m €27.9m 2024
    • COMPAGNIE BENELUX PARTICIPATIONS9 subsidiaries
      BE 0403.233.75093.38% per the accounts
      No verdict€3.67bn €3.44bn 2025
      • CCI Athena 2023
        BE 0798.326.52985.89% per the accounts
        Healthy · 77€93.7m €93.4m 2025
      • CCI Athena 2024
        BE 1010.832.74385.92% per the accounts
        Healthy · 63€59.9m €59.9m 2025
      • COBIA
        BE 0553.574.149100% per the accounts
        Healthy · 82€35.3m €35.3m 2025
      • COBID
        BE 0414.248.396100% per the accounts
        Healthy · 66€6.1m €6.1m 2024
      • IBEL
        BE 0457.983.223100% per the accounts
        No verdict€33.4m €32.1m 2024
      • Itineris Holding1 subsidiary
        BE 1024.716.90862.35% per the accounts
        No verdict€244.5m €233.7m 2025
        • Itineris Group1 subsidiary
          BE 1024.767.881100% per the accounts
          No verdict€297.8m €235.3m 2025
          • ITINERIS1 subsidiary
            BE 0474.964.260100% per the accounts
            Healthy · 83€49.7m €29.5m 2025
            • Verity
              BE 0561.807.172100% per the accounts
              Elevated · 39€4.5m -€1.0m 2025
      • Pegalum Holding
        BE 1024.583.086100% per the accounts
        No verdict- -€4,975 2025
      • SOCIETE ANONYME MOSANE
        BE 0401.638.002100% per the accounts
        Healthy · 68€27.1m €27.1m 2024
      • MASCAGNA S.A.
        LU Luxembourg, LuxembourgLEI lapsed
    • Source22
      BE 0786.726.51779.72% per the accounts
      Fair · 47€47.2m €14.6m 2025

High risk Elevated Healthy Fair No verdict Amounts: total assets and equity from the latest accounts.

Events in the group

Bankruptcies, director changes, capital changes and other publications of all Belgian group companies, over the last two years.

  1. Filip Vanderschueren resigns as director
    Director changePegalum Holding
  2. 1 director appointed, 1 director resigning
    Director changeIBEL
  3. 2 directors appointed
    Director changePegalum Holding
  4. 1 director appointed, 1 director resigning
    Director changeSOCIETE ANONYME MOSANE
  5. Transaction in capital or shares
    Capital changeCOBIUS
  6. Transaction in capital or shares
    Capital changeVerity
  7. Transaction in capital or shares
    Capital changeVerity
  8. Charles de Liedekerke appointed as président de l'organe d'administration
    Director changePegalum Holding
  9. Capital increase of €60,520
    Capital changeCOBIUS
  10. 3 directors appointed
    Director changePegalum Holding
  11. Capital contribution
    Capital changePegalum Holding
  12. 3 directors appointed, 3 directors resigning
    Director changeCOBIA

What is my exposure to this group?

The companies of this group you keep in your lists or follow, seen together.

Where do these figures come from?

Completed with the annual accounts: a company of which another Belgian company holds more than half of the shares, by the list of holdings or the shareholder structure in its accounts, stands under that company, with the share. The register of ultimate beneficial owners (UBO) is not public.

The group's make-up comes from the LEI register (GLEIF): which company consolidates which other, directly or ultimately. A company whose link the register does not state is not listed here, even if it does belong to the group.

The amounts are those of the annual accounts each Belgian company filed with the National Bank, added up without consolidation. The verdict per company is that of its dossier on Checked.be. Everything is updated every night.

Updated on 29-09-2026

We would like to set cookies. That happens only with your consent. What we measure