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Cobelfret

Active
Public limited companyfounded 197650 years activeSneeuwbeslaan 14, 2610 Antwerpen, BelgiumKBO/BCE: BE 0416.221.852
Summary

Cobelfret has been active since 1976 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of USD 53.8m and a net result of USD 18.0m. Its solvency ranks better than 88% of 737 sector peers (NACE 52, fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).

Overview

Activity
Warehousing and support activities for transportation
NACE 52249Logistics services NACE 52250
2 sites
Size
USD 249.1mturnover 2024
Staff
36.3 FTE
Equity
USD 53.8m
Profit
USD 18.0m
Financial health
72 Healthy Checked score 2024
Bankruptcy probabilitywithin 12 months
0.6%
Structure
Parent
CLdN Vrac S.A.
Board
8 members
Holdings
1
Auditor: RSM INTERAUDITAccounts 38 days early
Why 72- Figures for FY 2024 (filed 23-06-2025)+ Founded in 1976+ Size: turnover €249.1m, 36.3 FTE, total assets €70.1m+ Equity €53.8m (76.8% of total assets)Show the evidence

Checked score

Score 2024
72 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 81% of its sector peers (NACE 52, small)
Financial strength · tick = 2023
Strong
Solvency 100+12
equity 76.8% of total assets
Liquidity 51-3
short-term debt 11.9% · cash 1.9%
Profitability 83+23
return on assets 25.7%
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%

About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (599 companies)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024lowest value 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.3%▲ +0.1 percentage points vs 02-2025 04-2025: 0.4%▲ +0.1 percentage points vs 03-2025 05-2025: 0.4%● unchanged vs 04-2025 06-2025: 0.6%▲ +0.2 percentage points vs 05-2025highest value 07-2025: 0.2%▼ -0.4 percentage points vs 06-2025 08-2025: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.4%▲ +0.2 percentage points vs 07-2026 09-2026: 0.5%▲ +0.1 percentage points vs 08-2026 10-2026: 0.6%▲ +0.1 percentage points vs 09-2026
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 52, small): better than 94% on solvency, 66% on liquidity and 83% on profitability.

The bankruptcy probability was computed on 07-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
−lowers risk+raises risk○neutral
raises risk · Figures for FY 2024 (filed 23-06-2025)
NBB · annual accounts
lowers risk · Founded in 1976
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
lowers risk · Size: turnover €249.1m, 36.3 FTE, total assets €70.1m
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
lowers risk · Equity €53.8m (76.8% of total assets)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-06-2025, 38 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2024
38 days early
2023
53 days late
2022
328 days late
2021
20 days early
2020
7 days early
2019
35 days early
2018
19 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 37 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Appointment: Invest Paul Traen (I.P.T.) BV…Permanent representative: Paul Traen
  2. Resignation: LMC MANAGEMENT CommV (director)State Gazette act
  3. Capital & sharesShareholding

Key points

  • Positive: Among the best 5% on net resultsector median €125,659 · 737 companies €18.0m View
  • Controlled by CLdN Vrac S.A. parent View
  • Board changedlatest change 01-07-2026 · 8 in office 1 joined · 1 left View
  • Caution: Staff fell in 2024from 52.4 FTE to 36.3 FTE ▼ 30.7% View
  • Positive: 3 years of growth in a rowturnover 2024: USD 249.1m 3 years View
  • Active since 1976founded 19-05-1976 50 years View

By topic

Financials

Fiscal year
2024
Turnover
USD 249.1m
Profit
USD 18.0m
Solvency
76.8%
Turnover
Net result
20212024
Go to Financials

Board & ownership

Board
8 members
Parent
CLdN Vrac S.A.
Auditor
RSM INTERAUDIT
  • CIGRANG Christian LéonDirector
  • LMC ManagementDirector
  • TRILITHONDirector
  • C/Hive ManagementDirector
  • C\Hive ManagementDirector

and 3 other directors

Go to Board & ownership

Timeline

Events
55
Since
2006
  1. 04-02-2026Resignation: BDO Bedrijfsrevisoren BV (statutory auditor)
  2. 03-10-2025Resignations: Trilithon VOF (director) and BDO Bedrijfsrevisoren…
  3. 23-06-2025Annual accounts filed
Go to Timeline

Company details

Sites
2
Legal form
Public limited company
Activity
Warehousing and support activities for transportationNACE 52249
Founded
19-05-1976
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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