COMABOIS
ActiveSummary
COMABOIS has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8,934 and a net result of €10,935. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 36% of 548 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency53▲+31
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.17 against 0.87 in 2024; short-term debt: 71.7% and cash: 3.5% of total assets), and 71.7% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 16
Relative position
BE, all sectors
reference
Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16)
about 8% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
28.3%
Return on assets
34.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-09-2026, 55 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
55 d late
2024
25 d late
2023
9 d late
2022
7 d late
2021
29 d late
2020
2 d early
2019
31 d late
← 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 22 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€8,934
2024 · -€2,000
Total assets
€31,519▼ 46.1%
2024 · €58,468
Net result
€10,935
2024 · -€33,419
Working capital
€3,736
2024 · -€7,977
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€17,457▲ 26.3%€10,682▼ 38.8%-€5,595-€33,277▼ 495%€11,067
Net result€12,669▲ 25.6%€7,010▼ 44.7%-€5,188-€33,419▼ 544%€10,935
Equity€29,597▲ 74.8%€36,607▲ 23.7%€31,419▼ 14.2%-€2,000€8,934
Total assets€104,488▲ 19.9%€104,912▲ 0.4%€97,513▼ 7.1%€58,468▼ 40.0%€31,519▼ 46.1%
Debt€74,892▲ 6.7%€68,305▼ 8.8%€66,094▼ 3.2%€60,468▼ 8.5%€22,585▼ 62.6%
Working capital€29,597▲ 74.8%€29,073▼ 1.8%€24,664▼ 15.2%-€7,977€3,736
Staff (FTE)1
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €11,067 after a loss of €33,277 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €31,519
Fixed assets
€5,198 ▼ 13.0%
Current assets
€26,321 ▼ 49.9%
Equity and liabilities €31,519
Equity
€8,934
Debt
€22,585
Debt finances 71.7% of the balance-sheet total.
Key figures and ratios
EBITDA
€11,846▲
2024 · -€32,499
Cash flow
€11,714▲
2024 · -€32,641
Current ratio
1.17▲
2024 · 0.87
Quick ratio
0.72▲
2024 · 0.54
Debt to equity
2.53▲
2024 · -30.23
ROE
122.4%
ROA
34.7%▲
2024 · -57.2%
Interest coverage
89.74▲
2024 · -229.32
Debt ≤ 1 year
€22,585▼
2024 · €60,468
Staff costs
€8,195▼
2024 · €60,242
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,811 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 95% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
0.8%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,811 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €28,794 | €30,963 | €37,739 | €60,242 | €8,195 | ▼ 86.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €252 | €779 | €779 | €779 | ▲ 0.1% |
| Other operating charges640/8 | €1,401 | - | €519 | €519 | €559 | ▲ 7.8% |
| Gross operating margin9900 | €47,652 | €41,896 | €33,441 | €28,261 | €20,600 | ▼ 27.1% |
| Operating profit (loss)9901 | €17,457 | €10,682 | -€5,595 | -€33,277 | €11,067 | ▲ 133% |
| Financial income75/76B | €0 | €6 | €25 | - | - | - |
| Recurring financial income75 | €0 | €6 | €25 | - | - | - |
| Financial charges65/66B | €232 | €299 | €215 | €142 | €132 | ▼ 6.9% |
| Recurring financial charges65 | €232 | €299 | €215 | €142 | €132 | ▼ 6.9% |
| Profit (loss) for the period before taxes9903 | €17,225 | €10,389 | -€5,786 | -€33,419 | €10,935 | ▲ 133% |
| Income taxes67/77 | €4,556 | €3,379 | -€597 | - | - | - |
| Profit (loss) for the period9904 | €12,669 | €7,010 | -€5,188 | -€33,419 | €10,935 | ▲ 133% |
| Profit (loss) for the period to be appropriated9905 | €12,669 | €7,010 | -€5,188 | -€33,419 | €10,935 | ▲ 133% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €104,488 | €104,912 | €97,513 | €58,468 | €31,519 | ▼ 46.1% |
| Fixed assets21/28 | - | €7,533 | €6,755 | €5,976 | €5,198 | ▼ 13.0% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €0 | €7,533 | €6,755 | €5,976 | €5,198 | ▼ 13.0% |
| Land and buildings22 | - | €7,533 | €6,755 | €5,976 | €5,198 | ▼ 13.0% |
| Current assets29/58 | €104,488 | €97,378 | €90,758 | €52,492 | €26,321 | ▼ 49.9% |
| Stocks and contracts in progress3 | €30,000 | €32,100 | €28,600 | €20,000 | €10,093 | ▼ 49.5% |
| Stocks30/36 | €30,000 | €32,100 | €28,600 | €20,000 | €10,093 | ▼ 49.5% |
| Amounts receivable within one year40/41 | €5,687 | €3,813 | €5,593 | €5,227 | €15,132 | ▲ 190% |
| Trade receivables40 | €2,620 | €3,320 | €4,241 | €1,427 | €13,452 | ▲ 843% |
| Other amounts receivable41 | €3,067 | €493 | €1,352 | €3,800 | €1,680 | ▼ 55.8% |
| Cash at bank and in hand54/58 | €68,801 | €61,465 | €55,864 | €27,265 | €1,096 | ▼ 96.0% |
| Deferred charges and accrued income490/1 | - | - | €702 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €104,488 | €104,912 | €97,513 | €58,468 | €31,519 | ▼ 46.1% |
| Equity10/15 | €29,597 | €36,607 | €31,419 | -€2,000 | €8,934 | ▲ 547% |
| Contributions10/11 | €6,197 | €6,197 | - | - | - | - |
| Outside capital11 | €6,197 | €6,197 | - | - | - | - |
| Other1109/19 | €6,197 | €6,197 | - | - | - | - |
| Reserves13 | €1,859 | €1,859 | €8,057 | €8,057 | €8,056 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | - | - | €6,197 | €6,197 | €6,197 | = |
| Profit (loss) carried forward14 | €21,540 | €28,550 | €23,362 | -€10,057 | €878 | ▲ 109% |
| Amounts payable17/49 | €74,892 | €68,305 | €66,094 | €60,468 | €22,585 | ▼ 62.6% |
| Amounts payable within one year42/48 | €74,892 | €68,305 | €66,094 | €60,468 | €22,585 | ▼ 62.6% |
| Trade debts44 | €1,317 | €787 | €1,622 | - | €12,712 | - |
| Suppliers440/4 | €1,317 | €787 | €1,622 | - | €171 | - |
| Bills of exchange payable441 | - | - | - | - | €12,541 | - |
| Taxes, remuneration and social security45 | €10,915 | €4,954 | €2,297 | - | - | - |
| Taxes450/3 | €9,004 | €2,842 | - | - | - | - |
| Remuneration and social security454/9 | €1,912 | €2,112 | €2,297 | - | - | - |
| Other amounts payable47/48 | €62,660 | €62,564 | €62,175 | €60,468 | €9,873 | ▼ 83.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,669 | €7,010 | -€5,188 | -€33,419 | €10,935 | ▲ 133% |
| + Depreciation and write-downs630 | - | €252 | €779 | €779 | €779 | ▲ 0.1% |
| Operating cash flow (approximation) | €12,669 | €7,262 | -€4,410 | -€32,641 | €11,714 | ▲ 136% |
| Investment in fixed assets (approximation) | - | - | €0 | €0 | -€1 | - |
| Change in cash | - | -€7,336 | -€5,602 | -€28,598 | -€26,169 | ▲ 8.5% |
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
Next filing, fiscal year 2026, expected by
2026
24-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 55 days late
2025
31-12
Financial
Back to profitnet €10,935
Net result €10,935 after 2 loss-making years.
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
31-12
Financial
Weakest financial yearnet -€33,419
Net result drops to -€33,419, the lowest in the series; recovery starts the following year.
09-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 9 days late
2023
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 7 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Highest result since 2018net €12,669 ▲25.6%
Operating result €17,457, net result €12,669, both a record.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
09-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 9 days late
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are 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, Florennes · 1 establishment unit since 1994
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue du Château, Morialmé 2475620 Florennes1 establishment unit
Rue du Château, Morialmé 247, 5620 Florennes
since 19942.069.739.577
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Of 663 companies in sector 16110 we hold annual accounts for 320. 85 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
Founded26-10-1994
Fiscal year end31-12
Activities, NACEBEL 2025
16110Sawmilling and planing of wood
02200Logging
46832Wholesale of timber
E-invoicing
Reachable via Peppol
Peppol ID
0208:0453613273
Also
9925:BE0453613273
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.