COM & CIE
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 30-04-2026 PDF all 23 filings
Turnover
≈ €56,000
Estimated: probably between €30,000 and €100,000
Total assets
€378,923▼ 1.1%
2024 · €383,048
Net result
-€12,243▲ 66.9%
2024 · -€36,965
Working capital
€169,772▲ 2.5%
2024 · €165,669
In the rankings
#4 oldest company in Ramillies, Professional and technical services sector#8 company by equity in Ramillies, Professional and technical services sector
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
-€12,894
▲ 64.9%
2025
20192025
Net result
-€12,243
▲ 66.9%
2025
lowest quarter of the sector
20192025
Equity
€352,235
▼ 3.4%
2025
highest quarter of the sector
20192025
Total assets
€378,923
▼ 1.1%
2025
highest quarter of the sector
20192025
Debt
€26,689
▲ 43.7%
2025
20192025
Working capital
€169,772
▲ 2.5%
2025
highest quarter of the sector
20192025
Solvency
93.0%
▼ 2.2pp
2025
highest quarter of the sector
20192025
Current ratio
9.14
▼ 12.39
2025
highest quarter of the sector
20192025
Return on assets (ROA)
-3.2%
▲ 6.4pp
2025
lowest quarter of the sector
20192025
Staff (FTE)
no figure
2025
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result-€24,787-€8,083€55,282▲ 584%-€13,562-€63,517▼ 368%-€36,764▲ 42.1%-€12,894▲ 64.9%
Net result-€25,507-€6,801within the sector's middle half€53,743above the sector's middle half▲ 690%-€14,798below the sector's middle half-€74,968below the sector's middle half▼ 407%-€36,965below the sector's middle half▲ 50.7%-€12,243below the sector's middle half▲ 66.9%
Equity€430,665-€437,466above the sector's middle half▲ 1.6%€491,209above the sector's middle half▲ 12.3%€476,410above the sector's middle half▼ 3.0%€401,443above the sector's middle half▼ 15.7%€364,478above the sector's middle half▼ 9.2%€352,235above the sector's middle half▼ 3.4%
Total assets€482,750-€486,163above the sector's middle half▲ 0.7%€564,669above the sector's middle half▲ 16.1%€521,461above the sector's middle half▼ 7.7%€412,201above the sector's middle half▼ 21.0%€383,048above the sector's middle half▼ 7.1%€378,923above the sector's middle half▼ 1.1%
Debt€52,085-€48,697▼ 6.5%€73,460▲ 50.9%€45,051▼ 38.7%€10,758▼ 76.1%€18,570▲ 72.6%€26,689▲ 43.7%
Working capital€421,127-€431,532above the sector's middle half▲ 2.5%€304,341above the sector's middle half▼ 29.5%€251,473above the sector's middle half▼ 17.4%€188,004above the sector's middle half▼ 25.2%€165,669above the sector's middle half▼ 11.9%€169,772above the sector's middle half▲ 2.5%
Solvency89.2%-90.0%above the sector's middle half▲ 0.8pp87.0%above the sector's middle half▼ 3.0pp91.4%above the sector's middle half▲ 4.4pp97.4%above the sector's middle half▲ 6.0pp95.2%above the sector's middle half▼ 2.2pp93.0%above the sector's middle half▼ 2.2pp
Current ratio9.09-9.86above the sector's middle half▲ 0.785.14above the sector's middle half▼ 4.726.58above the sector's middle half▲ 1.4418.48above the sector's middle half▲ 11.8921.53above the sector's middle half▲ 3.059.14above the sector's middle half▼ 12.39
Return on assets (ROA)-5.3%-1.4%within the sector's middle half▲ 6.7pp9.5%within the sector's middle half▲ 8.1pp-2.8%below the sector's middle half▼ 12.4pp-18.2%below the sector's middle half▼ 15.3pp-9.7%below the sector's middle half▲ 8.5pp-3.2%below the sector's middle half▲ 6.4pp
Staff (FTE)0.8within the sector's middle half1▲ 25.0%1=0.5▼ 50.0%
above
within
below
The sector band is the middle half of the companies in Advertising, market research and public relations activities (NACE 73). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €12,894, smaller than the loss of €36,764 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €378,923
Fixed assets
€188,296 ▼ 10.0%
Current assets
€190,628 ▲ 9.7%
Equity and liabilities €378,923
Equity
€352,235 ▼ 3.4%
Debt
€26,689 ▲ 43.7%
Debt's share of the balance-sheet total rises from 4.8% to 7.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€8,006▲
2024 · -€15,600
Cash flow
€8,656▲
2024 · -€15,801
Debt to equity
0.08▲
2024 · 0.05
ROE
-3.5%▲
2024 · -10.1%
Interest coverage
28.53▲
2024 · -28.19
Debt ≤ 1 year
€20,855▲
2024 · €8,070
Income taxes
€179▲
2024 · €165
Staff costs
€394▲
2024 · €67
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 |
|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | - |
| full-time | 1 | 1 | - |
| in full-time equivalents | 1 | 1 | - |
| Average over the year, in full-time equivalents | 1 | 1 | 0.5 |
| On a permanent contract | 1 | 1 | - |
Source: social balance sheet in the 2021 to 2023 annual accounts
Investments
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €193,949 | €53,258 | €8,966 | €17,034 | €3,270 |
| Depreciation and write-downs of the year | €13,014 | €15,174 | €20,465 | €21,163 | €20,900 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €44,159 | €41,367 | €25,255 | €67 | €394 | ▲ 490% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,227 | €1,921 | €13,014 | €15,174 | €20,465 | €21,163 | €20,900 | ▼ 1.2% |
| Other operating charges640/8 | - | - | €9,703 | €498 | €1,176 | €1,465 | €1,509 | ▲ 3.0% |
| Gross operating margin9900 | -€15,259 | €41,343 | €122,158 | €43,477 | -€16,621 | -€14,069 | €9,909 | - |
| Operating profit (loss)9901 | -€24,787 | €8,083 | €55,282 | -€13,562 | -€63,517 | -€36,764 | -€12,894 | ▲ 64.9% |
| Financial income75/76B | - | - | €492 | €2 | €163 | €517 | €1,110 | ▲ 115% |
| Recurring financial income75 | €351 | €328 | €492 | €2 | €163 | €517 | €1,110 | ▲ 115% |
| Financial charges65/66B | - | - | €907 | €874 | €700 | €553 | €281 | ▼ 49.3% |
| Recurring financial charges65 | €684 | €1,293 | €907 | €874 | €700 | €553 | €281 | ▼ 49.3% |
| Profit (loss) for the period before taxes9903 | -€25,121 | €7,118 | €54,866 | -€14,435 | -€64,055 | -€36,800 | -€12,064 | ▲ 67.2% |
| Income taxes67/77 | €386 | €317 | €1,123 | €364 | €10,913 | €165 | €179 | ▲ 8.7% |
| Profit (loss) for the period9904 | -€25,507 | €6,801 | €53,743 | -€14,798 | -€74,968 | -€36,965 | -€12,243 | ▲ 66.9% |
| Profit (loss) for the period to be appropriated9905 | -€25,507 | €6,801 | €53,743 | -€14,798 | -€74,968 | -€36,965 | -€12,243 | ▲ 66.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €482,750 | €486,163 | €564,669 | €521,461 | €412,201 | €383,048 | €378,923 | ▼ 1.1% |
| Fixed assets21/28 | €9,539 | €5,934 | €186,868 | €224,938 | €213,438 | €209,309 | €188,296 | ▼ 10.0% |
| Tangible fixed assets22/27 | €6,901 | €3,297 | €184,231 | €222,300 | €210,801 | €206,671 | €188,158 | ▼ 9.0% |
| Land and buildings22 | - | - | €114,200 | €110,457 | €107,199 | €103,940 | €100,681 | ▼ 3.1% |
| Plant, machinery and equipment23 | - | - | €45,897 | €80,473 | €79,637 | €74,318 | €66,466 | ▼ 10.6% |
| Furniture and vehicles24 | - | - | €24,134 | €31,370 | €23,966 | €28,413 | €21,010 | ▼ 26.1% |
| Financial fixed assets28 | €2,637 | €2,637 | €2,637 | €2,637 | €2,637 | €2,637 | €138 | ▼ 94.8% |
| Current assets29/58 | €473,211 | €480,229 | €377,801 | €296,524 | €198,762 | €173,740 | €190,628 | ▲ 9.7% |
| Amounts receivable within one year40/41 | €63,129 | €50,377 | €43,482 | €95,277 | €98,975 | €109,761 | €124,212 | ▲ 13.2% |
| Trade receivables40 | - | - | €34,012 | €40,559 | €21,646 | €16,829 | €26,105 | ▲ 55.1% |
| Other amounts receivable41 | - | - | €9,470 | €54,718 | €77,329 | €92,932 | €98,107 | ▲ 5.6% |
| Current investments50/53 | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Cash at bank and in hand54/58 | €359,056 | €371,523 | €280,478 | €147,059 | €47,889 | €2,688 | €10,070 | ▲ 275% |
| Deferred charges and accrued income490/1 | - | - | €3,842 | €4,188 | €1,898 | €11,291 | €6,345 | ▼ 43.8% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €482,750 | €486,163 | €564,669 | €521,461 | €412,201 | €383,048 | €378,923 | ▼ 1.1% |
| Equity10/15 | €430,665 | €437,466 | €491,209 | €476,410 | €401,443 | €364,478 | €352,235 | ▼ 3.4% |
| Contributions10/11 | €18,800 | - | €18,800 | €18,800 | €18,800 | €18,800 | €18,800 | = |
| Reserves13 | €70,630 | €70,630 | €70,630 | €70,630 | €70,630 | €70,630 | €70,630 | = |
| Non-distributable reserves130/1 | - | - | €51,880 | €51,880 | €51,880 | €51,880 | €51,880 | = |
| Reserves not available under the articles1311 | - | - | €1,880 | €1,880 | €1,880 | €1,880 | €1,880 | = |
| Own shares acquired1312 | - | - | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Tax-exempt reserves132 | - | - | €18,750 | €18,750 | €18,750 | €18,750 | €18,750 | = |
| Profit (loss) carried forward14 | €341,235 | €348,036 | €401,779 | €386,980 | €312,013 | €275,048 | €262,805 | ▼ 4.5% |
| Amounts payable17/49 | €52,085 | €48,697 | €73,460 | €45,051 | €10,758 | €18,570 | €26,689 | ▲ 43.7% |
| Amounts payable within one year42/48 | €52,085 | €48,697 | €73,460 | €45,051 | €10,758 | €8,070 | €20,855 | ▲ 158% |
| Financial debts43 | - | - | - | €395 | €263 | €428 | - | - |
| Credit institutions430/8 | - | - | - | €395 | €263 | €428 | - | - |
| Trade debts44 | €18,546 | €33,341 | €11,450 | €3,114 | €3,030 | €3,524 | €8,272 | ▲ 135% |
| Suppliers440/4 | - | - | €11,450 | €3,114 | €3,030 | €3,524 | €8,272 | ▲ 135% |
| Taxes, remuneration and social security45 | - | - | €51,436 | €17,258 | €4,969 | €129 | €3,902 | ▲ 30× |
| Taxes450/3 | - | - | €27,364 | €11,724 | €4,969 | €129 | €3,136 | ▲ 24× |
| Remuneration and social security454/9 | - | - | €24,071 | €5,535 | - | - | €766 | - |
| Other amounts payable47/48 | - | - | €10,575 | €24,284 | €2,496 | €3,990 | €8,681 | ▲ 118% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €10,500 | €5,833 | ▼ 44.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€25,507 | €6,801 | €53,743 | -€14,798 | -€74,968 | -€36,965 | -€12,243 | ▲ 66.9% |
| + Depreciation and write-downs630 | €4,227 | €1,921 | €13,014 | €15,174 | €20,465 | €21,163 | €20,900 | ▼ 1.2% |
| Operating cash flow (approximation) | -€21,280 | €8,721 | €66,757 | €376 | -€54,503 | -€15,801 | €8,656 | - |
| Investment in fixed assets (approximation) | - | €1,684 | -€193,949 | -€53,244 | -€8,966 | -€17,034 | €114 | - |
| Change in cash | - | €12,467 | -€91,046 | -€133,419 | -€99,170 | -€45,201 | €7,383 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 12,322 companies had the same profile as COM & CIE has now. Two years later, 90.3% were still going and 0.7% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
90.3%
was still going
8.6%
stopped otherwise
0.7%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of COM & CIE itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 12,322 companies, not a prediction for COM & CIE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 23 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 30-04-2026 | 2026-00095364 | |
| 30-09-2024 | micro format | 30-04-2025 | 2025-00083030 | |
| 30-09-2023 | micro format | 21-05-2024 | 2024-00091201 | |
| 30-09-2022 | micro format | 30-05-2023 | 2023-00097377 | |
| 30-09-2021 | micro format | 03-06-2022 | 2022-20044934 | |
| 30-09-2020 | micro format | 25-05-2021 | 2021-14900420 | |
| 30-09-2019 | micro format | 12-02-2020 | 2020-04800379 | |
| 30-09-2018 | micro format | 19-02-2019 | 2019-05200208 | |
| 30-09-2017 | micro format | 12-07-2018 | 2018-32100392 | |
| 30-09-2016 | full format | 31-05-2017 | 2017-13600577 |