COLMAS
ActiveSummary
COLMAS has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €203k and a net result of €41k. Equity is growing by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 74% of 37953 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability89▼-1
Solvency100▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days only on tighter terms
Liquidity ample (current ratio 3.85 against 3.43 in 2023; short-term debt: 15.1% and cash: 28.2% of total assets), and 21.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
78.6%
Return on assets
15.8%
Age of the figures
24 mo
raises risk · Annual accounts not filed
The financial year that closed on 30-09-2025 was due at the National Bank by 30-04-2026. Nothing is on record, 148 days later.
NBB · 10 filingsPosition against the passed deadline
30-09-2025 close30-04-2026 deadline25-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2024 was due by 30-04-2025 and was filed on 30-04-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
on the day
2023
on the day
2022
30 d early
2021
3 d early
2020
42 d early
2019
34 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€203k▲ 25.2%
2023 · €162k
2018: €143k
2019: €170k▲ +19.3% vs 2018
2020: €133k▼ -22.0% vs 2019
2021: €136k▲ +2.5% vs 2020
2022: €132k▼ -3.3% vs 2021lowest in 7 years
2023: €162k▲ +23.1% vs 2022
2024: €203k▲ +25.2% vs 2023highest in 7 years
2018 → 2024
Total assets
€258k▲ 17.0%
2023 · €221k
2018: €219k
2019: €220k▲ +0.8% vs 2018
2020: €167k▼ -24.1% vs 2019lowest in 7 years
2021: €178k▲ +6.4% vs 2020
2022: €198k▲ +11.3% vs 2021
2023: €221k▲ +11.3% vs 2022
2024: €258k▲ +17.0% vs 2023highest in 7 years
2018 → 2024
Net result
€41k▲ 10.1%
2023 · €37k
2018: €7k
2019: €28k▲ +301% vs 2018
2020: €-37k▼ -236% vs 2019lowest in 7 years
2021: €3k▲ +109% vs 2020
2022: €-430▼ -113% vs 2021
2023: €37k▲ +8739% vs 2022
2024: €41k▲ +10.1% vs 2023highest in 7 years
2018 → 2024
Working capital
€111k▲ 41.2%
2023 · €79k
2018: €105k
2019: €137k▲ +30.1% vs 2018highest in 7 years
2020: €110k▼ -20.0% vs 2019
2021: €119k▲ +8.1% vs 2020
2022: €55k▼ -53.9% vs 2021lowest in 7 years
2023: €79k▲ +44.0% vs 2022
2024: €111k▲ +41.2% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€133k-€136k▲ 2.5%€132k▼ 3.3%€162k▲ 23.1%€203k▲ 25.2%
2020: €133k
2021: €136k▲ +2.5% vs 2020
2022: €132k▼ -3.3% vs 2021lowest in 5 years
2023: €162k▲ +23.1% vs 2022
2024: €203k▲ +25.2% vs 2023highest in 5 years
Operating result€-37k-€5k€8k▲ 55.3%€54k▲ 623%€61k▲ 11.8%
2020: €-37klowest in 5 years
2021: €5k▲ +113% vs 2020
2022: €8k▲ +55.3% vs 2021
2023: €54k▲ +623% vs 2022
2024: €61k▲ +11.8% vs 2023highest in 5 years
Net result€-37k-€3k€-430€37k€41k▲ 10.1%
2020: €-37klowest in 5 years
2021: €3k▲ +109% vs 2020
2022: €-430▼ -113% vs 2021
2023: €37k▲ +8739% vs 2022
2024: €41k▲ +10.1% vs 2023highest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 12% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €258k
Fixed assets
€108k ▼ 1.4%
Current assets
€150k ▲ 35.1%
Equity and liabilities €258k
Equity
€203k ▲ 25.2%
Debt
€55k ▼ 5.9%
Debt's share of the balance-sheet total falls from 26.5% to 21.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€62k▲
2023 · €58k
Cash flow
€42k▲
2023 · €41k
Current ratio
3.85▲
2023 · 3.43
Debt to equity
0.27▼
2023 · 0.36
ROE
20.1%▼
2023 · 22.9%
ROA
15.8%▼
2023 · 16.8%
Interest coverage
77.26▼
2023 · 118.21
Debt ≤ 1 year
€39k▲
2023 · €32k
Debt > 1 year
€16k▼
2023 · €26k
Income taxes
€20k▲
2023 · €17k
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 · 2024 against 2023 · 49 lines
Balance sheet
Code20232024
Assets
Total assets20/58€221k€258k▲
Fixed assets21/28€110k€108k▼
Tangible fixed assets22/27€110k€108k▼
Land and buildings22€107k€106k▼
Furniture and vehicles24€3k€2k▼
Current assets29/58€111k€150k▲
Amounts receivable within one year40/41€22k€76k▲
Trade receivables40€6k€48k▲
Other amounts receivable41€15k€28k▲
Cash at bank and in hand54/58€87k€73k▼
Deferred charges and accrued income490/1€2k€977▼
Equity and liabilities
Total equity and liabilities10/49€221k€258k▲
Equity10/15€162k€203k▲
Contributions10/11€6k€6k=
Reserves13€70k€111k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€250€250=
Distributable reserves133€68k€109k▲
Profit (loss) carried forward14€86k€86k=
Amounts payable17/49€59k€55k▼
Amounts payable after more than one year17€26k€16k▼
Financial debts170/4€26k€16k▼
Amounts payable within one year42/48€32k€39k▲
Current portion of amounts payable after more than one year42€10k€10k▲
Trade debts44€2k€2k▲
Suppliers440/4€2k€2k▲
Taxes, remuneration and social security45€14k€27k▲
Taxes450/3€14k€27k▲
Other amounts payable47/48€7k€0▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€2k▼
Other operating charges640/8€4k€5k▲
Gross operating margin9900€62k€67k▲
Operating profit (loss)9901€54k€61k▲
Financial income75/76B€535€1k▲
Recurring financial income75€535€1k▲
Financial charges65/66B€490€807▲
Recurring financial charges65€490€807▲
Profit (loss) for the period before taxes9903€54k€61k▲
Income taxes67/77€17k€20k▲
Profit (loss) for the period9904€37k€41k▲
Profit (loss) for the period to be appropriated9905€37k€41k▲
Appropriation of the result
Profit (loss) to be appropriated9906€123k€127k▲
Profit (loss) brought forward from the previous period14P€86k€86k=
Transfer from equity791/2€7k€0▼
Transfer to equity691/2€37k€41k▲
To other reserves6921€37k€41k▲
Profit to be distributed694/7€7k€0▼
Return on contributions (dividend)694€7k€0▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22k | €18k | €31k | €4k | €2k | ▼ 55.5% |
| Other operating charges640/8 | - | €3k | €4k | €4k | €5k | ▲ 32.7% |
| Gross operating margin9900 | €-11k | €26k | €42k | €62k | €67k | ▲ 9.2% |
| Operating profit (loss)9901 | €-37k | €5k | €8k | €54k | €61k | ▲ 11.8% |
| Financial income75/76B | - | €201 | €1 | €535 | €1k | ▲ 112% |
| Recurring financial income75 | €0 | €201 | €1 | €535 | €1k | ▲ 112% |
| Financial charges65/66B | - | €352 | €746 | €490 | €807 | ▲ 64.7% |
| Recurring financial charges65 | €454 | €352 | €746 | €490 | €807 | ▲ 64.7% |
| Profit (loss) for the period before taxes9903 | €-37k | €5k | €7k | €54k | €61k | ▲ 12.3% |
| Income taxes67/77 | €393 | €1k | €7k | €17k | €20k | ▲ 17.0% |
| Profit (loss) for the period9904 | €-37k | €3k | €-430 | €37k | €41k | ▲ 10.1% |
| Transfer to tax-exempt reserves689 | - | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €-38k | €3k | €-430 | €37k | €41k | ▲ 10.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €167k | €178k | €198k | €221k | €258k | ▲ 17.0% |
| Fixed assets21/28 | €37k | €19k | €113k | €110k | €108k | ▼ 1.4% |
| Tangible fixed assets22/27 | €37k | €19k | €113k | €110k | €108k | ▼ 1.4% |
| Land and buildings22 | - | €0 | €108k | €107k | €106k | ▼ 0.7% |
| Furniture and vehicles24 | - | €19k | €6k | €3k | €2k | ▼ 28.9% |
| Current assets29/58 | €131k | €159k | €85k | €111k | €150k | ▲ 35.1% |
| Amounts receivable within one year40/41 | €49k | €25k | €33k | €22k | €76k | ▲ 253% |
| Trade receivables40 | - | €25k | €28k | €6k | €48k | ▲ 667% |
| Other amounts receivable41 | - | €0 | €5k | €15k | €28k | ▲ 82.5% |
| Cash at bank and in hand54/58 | €80k | €132k | €50k | €87k | €73k | ▼ 16.7% |
| Deferred charges and accrued income490/1 | - | €3k | €2k | €2k | €977 | ▼ 52.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €167k | €178k | €198k | €221k | €258k | ▲ 17.0% |
| Equity10/15 | €133k | €136k | €132k | €162k | €203k | ▲ 25.2% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €40k | €44k | €40k | €70k | €111k | ▲ 58.3% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Tax-exempt reserves132 | - | €250 | €250 | €250 | €250 | = |
| Distributable reserves133 | - | €42k | €38k | €68k | €109k | ▲ 60.1% |
| Profit (loss) carried forward14 | €86k | €86k | €86k | €86k | €86k | = |
| Amounts payable17/49 | €34k | €42k | €66k | €59k | €55k | ▼ 5.9% |
| Amounts payable after more than one year17 | €13k | €1k | €36k | €26k | €16k | ▼ 38.4% |
| Financial debts170/4 | - | €1k | €36k | €26k | €16k | ▼ 38.4% |
| Amounts payable within one year42/48 | €21k | €41k | €30k | €32k | €39k | ▲ 20.4% |
| Current portion of amounts payable after more than one year42 | - | €12k | €11k | €10k | €10k | ▲ 0.9% |
| Trade debts44 | €592 | €8k | €7k | €2k | €2k | ▲ 22.6% |
| Suppliers440/4 | - | €8k | €7k | €2k | €2k | ▲ 22.6% |
| Taxes, remuneration and social security45 | - | €9k | €9k | €14k | €27k | ▲ 91.6% |
| Taxes450/3 | - | €9k | €9k | €14k | €27k | ▲ 91.6% |
| Other amounts payable47/48 | - | €12k | €4k | €7k | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-37k | €3k | €-430 | €37k | €41k | ▲ 10.1% |
| + Depreciation and write-downs630 | €22k | €18k | €31k | €4k | €2k | ▼ 55.5% |
| Operating cash flow (approximation) | €-15k | €21k | €30k | €41k | €42k | ▲ 4.4% |
| Investment in fixed assets (approximation) | - | €0 | €-125k | €49 | €0 | ▼ 100% |
| Change in cash | - | €52k | €-82k | €37k | €-15k | ▼ 139% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Highest result since 2018net €41k ▲10.1%
Operating result €61k, net result €41k, both a record.
30-09
Financial
Equity above €200kEq €203k ▲25.2%
2 profitable years in a row build equity to €203k.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Back to profitnet €37k
Net result €37k after one loss-making year.
30-09
Financial
Equity above €150kEq €162k ▲23.1%
Equity rises from €132k to €162k.
31-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
19-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Weakest financial yearnet €-37k
Net result drops to €-37k, the lowest in the series; recovery starts the following year.
03-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 34 days late
Show earlier events
2019
30-09
Financial
Equity above €150kEq €170k ▲19.3%
2 profitable years in a row build equity to €170k.
02-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
05-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
18-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
14-04
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Brugge · 1 establishment unit since 2007
Ground area
1,368 m²
Building footprint
174 m²
Volume, LiDAR
1,086 m³
Parcel 31030A0603/00B003, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
COLMAS
since 20072.165.131.555
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31030A0603/00B003 | Flanders | 1,368 m² | 1 · 173 m² | 10.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 40,031 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded29-12-2004
Fiscal year end30-09
Activities, NACEBEL 2025
70200Business and other management consultancy
47400Retail sale of information and communication equipment
62200Computer consultancy and computer facilities management
64210Activities of holding companies
Scores and ratios are computed by Checked and are not a credit decision.