COMAFI
ActiveSummary
COMAFI has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €660k and a net result of €79k. Equity is growing by ~12.2% per year across the filed fiscal years. Its solvency ranks better than 54% of 8966 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability78▼-3
Solvency85▼-15
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 2.79 against 3.57 in 2023; short-term debt: 19.5% and cash: 5.1% of total assets), and 40.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
59.9%
Return on assets
7.2%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-10-2025, 68 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
not confirmed
2024
68 d late
2023
58 d late
2022
31 d late
2021
61 d late
2020
61 d late
2019
91 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€660k▲ 13.6%
2023 · €581k
2018: €316klowest in 7 years
2019: €417k▲ +32.2% vs 2018
2020: €467k▲ +12.0% vs 2019
2021: €462k▼ -1.2% vs 2020
2022: €509k▲ +10.3% vs 2021
2023: €581k▲ +14.1% vs 2022
2024: €660k▲ +13.6% vs 2023highest in 7 years
2018 → 2024
Total assets
€1.10M▲ 47.3%
2023 · €748k
2018: €407klowest in 7 years
2019: €527k▲ +29.5% vs 2018
2020: €782k▲ +48.3% vs 2019
2021: €727k▼ -7.0% vs 2020
2022: €725k▼ -0.4% vs 2021
2023: €748k▲ +3.2% vs 2022
2024: €1.10M▲ +47.3% vs 2023highest in 7 years
2018 → 2024
Net result
€79k▲ 9.9%
2023 · €72k
2018: €65k
2019: €101k▲ +55.2% vs 2018highest in 7 years
2020: €50k▼ -50.7% vs 2019
2021: €45k▼ -10.2% vs 2020lowest in 7 years
2022: €47k▲ +5.5% vs 2021
2023: €72k▲ +51.5% vs 2022
2024: €79k▲ +9.9% vs 2023
2018 → 2024
Working capital
€384k▲ 92.7%
2023 · €199k
2018: €259k
2019: €332k▲ +28.4% vs 2018
2020: €164k▼ -50.8% vs 2019
2021: €127k▼ -22.4% vs 2020lowest in 7 years
2022: €151k▲ +19.1% vs 2021
2023: €199k▲ +31.8% vs 2022
2024: €384k▲ +92.7% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€467k-€462k▼ 1.2%€509k▲ 10.3%€581k▲ 14.1%€660k▲ 13.6%
2020: €467k
2021: €462k▼ -1.2% vs 2020lowest in 5 years
2022: €509k▲ +10.3% vs 2021
2023: €581k▲ +14.1% vs 2022
2024: €660k▲ +13.6% vs 2023highest in 5 years
Operating result€73k-€65k▼ 10.5%€72k▲ 10.2%€102k▲ 41.8%€116k▲ 13.9%
2020: €73k
2021: €65k▼ -10.5% vs 2020lowest in 5 years
2022: €72k▲ +10.2% vs 2021
2023: €102k▲ +41.8% vs 2022
2024: €116k▲ +13.9% vs 2023highest in 5 years
Net result€50k-€45k▼ 10.2%€47k▲ 5.5%€72k▲ 51.5%€79k▲ 9.9%
2020: €50k
2021: €45k▼ -10.2% vs 2020lowest in 5 years
2022: €47k▲ +5.5% vs 2021
2023: €72k▲ +51.5% vs 2022
2024: €79k▲ +9.9% vs 2023highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 14% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.10M
Fixed assets
€503k ▲ 6.8%
Current assets
€599k ▲ 116%
Equity and liabilities €1.10M
Equity
€660k ▲ 13.6%
Debt
€442k ▲ 165%
Debt's share of the balance-sheet total rises from 22.3% to 40.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€175k▲
2023 · €128k
Cash flow
€137k▲
2023 · €98k
Current ratio
2.79▼
2023 · 3.57
Debt to equity
0.67▲
2023 · 0.29
ROE
12.0%▼
2023 · 12.4%
ROA
7.2%▼
2023 · 9.6%
Interest coverage
23.44▼
2023 · 45.37
Debt ≤ 1 year
€215k▲
2023 · €78k
Debt > 1 year
€227k▲
2023 · €89k
Income taxes
€34k▲
2023 · €30k
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 · 51 lines
Balance sheet
Code20232024
Assets
Total assets20/58€748k€1.10M▲
Fixed assets21/28€471k€503k▲
Tangible fixed assets22/27€470k€502k▲
Land and buildings22€467k€391k▼
Plant, machinery and equipment23€1k€5k▲
Furniture and vehicles24€2k€11k▲
Assets under construction and advance payments27-€95k
Financial fixed assets28€600€600=
Current assets29/58€277k€599k▲
Amounts receivable within one year40/41€27k€222k▲
Trade receivables40€24k€107k▲
Other amounts receivable41€3k€114k▲
Current investments50/53€200k€320k▲
Cash at bank and in hand54/58€50k€57k▲
Deferred charges and accrued income490/1-€536
Equity and liabilities
Total equity and liabilities10/49€748k€1.10M▲
Equity10/15€581k€660k▲
Contributions10/11€6k€6k=
Reserves13€575k€654k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€573k€652k▲
Amounts payable17/49€167k€442k▲
Amounts payable after more than one year17€89k€227k▲
Financial debts170/4€89k€227k▲
Amounts payable within one year42/48€78k€215k▲
Current portion of amounts payable after more than one year42€52k€66k▲
Financial debts43-€8k
Credit institutions430/8-€8k
Trade debts44€3k€108k▲
Suppliers440/4€3k€108k▲
Taxes, remuneration and social security45€20k€31k▲
Taxes450/3€20k€28k▲
Remuneration and social security454/9€95€3k▲
Other amounts payable47/48€2k€1k▼
Income statement
Code20232024
Non-recurring operating income76A-€57k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26k€58k▲
Other operating charges640/8€2k€3k▲
Gross operating margin9900€130k€178k▲
Operating profit (loss)9901€102k€116k▲
Financial income75/76B€3k€5k▲
Recurring financial income75€3k€5k▲
Financial charges65/66B€3k€7k▲
Recurring financial charges65€3k€7k▲
Profit (loss) for the period before taxes9903€102k€113k▲
Income taxes67/77€30k€34k▲
Profit (loss) for the period9904€72k€79k▲
Profit (loss) for the period to be appropriated9905€72k€79k▲
Appropriation of the result
Profit (loss) to be appropriated9906€72k€79k▲
Transfer to equity691/2€72k€79k▲
To other reserves6921€72k€79k▲
The notes to these accounts (9 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €57k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €72k | €25k | €27k | €26k | €58k | ▲ 125% |
| Other operating charges640/8 | - | €921 | €3k | €2k | €3k | ▲ 94.7% |
| Gross operating margin9900 | €146k | €91k | €102k | €130k | €178k | ▲ 37.1% |
| Operating profit (loss)9901 | €73k | €65k | €72k | €102k | €116k | ▲ 13.9% |
| Financial income75/76B | - | €270 | €3 | €3k | €5k | ▲ 62.3% |
| Recurring financial income75 | €293 | €270 | €3 | €3k | €5k | ▲ 62.3% |
| Financial charges65/66B | - | €4k | €4k | €3k | €7k | ▲ 164% |
| Recurring financial charges65 | €5k | €4k | €4k | €3k | €7k | ▲ 164% |
| Profit (loss) for the period before taxes9903 | €68k | €62k | €68k | €102k | €113k | ▲ 11.1% |
| Income taxes67/77 | €18k | €17k | €21k | €30k | €34k | ▲ 13.9% |
| Profit (loss) for the period9904 | €50k | €45k | €47k | €72k | €79k | ▲ 9.9% |
| Profit (loss) for the period to be appropriated9905 | €50k | €45k | €47k | €72k | €79k | ▲ 9.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €782k | €727k | €725k | €748k | €1.10M | ▲ 47.3% |
| Fixed assets21/28 | €541k | €523k | €497k | €471k | €503k | ▲ 6.8% |
| Tangible fixed assets22/27 | €540k | €522k | €496k | €470k | €502k | ▲ 6.8% |
| Land and buildings22 | - | €513k | €490k | €467k | €391k | ▼ 16.1% |
| Plant, machinery and equipment23 | - | €2k | €2k | €1k | €5k | ▲ 227% |
| Furniture and vehicles24 | - | €7k | €4k | €2k | €11k | ▲ 447% |
| Assets under construction and advance payments27 | - | - | - | - | €95k | - |
| Financial fixed assets28 | €600 | €600 | €600 | €600 | €600 | = |
| Current assets29/58 | €241k | €204k | €228k | €277k | €599k | ▲ 116% |
| Amounts receivable within one year40/41 | €45k | €10k | €6k | €27k | €222k | ▲ 721% |
| Trade receivables40 | - | - | - | €24k | €107k | ▲ 349% |
| Other amounts receivable41 | - | €10k | €6k | €3k | €114k | ▲ 3,633% |
| Current investments50/53 | - | - | - | €200k | €320k | ▲ 60.0% |
| Cash at bank and in hand54/58 | €196k | €194k | €221k | €50k | €57k | ▲ 13.3% |
| Deferred charges and accrued income490/1 | - | - | - | - | €536 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €782k | €727k | €725k | €748k | €1.10M | ▲ 47.3% |
| Equity10/15 | €467k | €462k | €509k | €581k | €660k | ▲ 13.6% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €461k | €455k | €503k | €575k | €654k | ▲ 13.7% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €453k | €501k | €573k | €652k | ▲ 13.8% |
| Amounts payable17/49 | €314k | €266k | €216k | €167k | €442k | ▲ 165% |
| Amounts payable after more than one year17 | €237k | €188k | €139k | €89k | €227k | ▲ 154% |
| Financial debts170/4 | - | €188k | €139k | €89k | €227k | ▲ 154% |
| Amounts payable within one year42/48 | €77k | €77k | €77k | €78k | €215k | ▲ 176% |
| Current portion of amounts payable after more than one year42 | - | €49k | €49k | €52k | €66k | ▲ 25.9% |
| Financial debts43 | - | - | - | - | €8k | - |
| Credit institutions430/8 | - | - | - | - | €8k | - |
| Trade debts44 | €5k | €2k | €4k | €3k | €108k | ▲ 3,969% |
| Suppliers440/4 | - | €2k | €4k | €3k | €108k | ▲ 3,969% |
| Taxes, remuneration and social security45 | - | €26k | €21k | €20k | €31k | ▲ 52.3% |
| Taxes450/3 | - | €15k | €14k | €20k | €28k | ▲ 37.9% |
| Remuneration and social security454/9 | - | €11k | €8k | €95 | €3k | ▲ 3,125% |
| Other amounts payable47/48 | - | €980 | €2k | €2k | €1k | ▼ 45.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €50k | €45k | €47k | €72k | €79k | ▲ 9.9% |
| + Depreciation and write-downs630 | €72k | €25k | €27k | €26k | €58k | ▲ 125% |
| Operating cash flow (approximation) | €122k | €70k | €75k | €98k | €137k | ▲ 40.5% |
| Investment in fixed assets (approximation) | - | €-7k | €-1k | €0 | €-91k | - |
| Change in cash | - | €-1k | €27k | €-171k | €7k | ▲ 104% |
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
07-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 68 days late
2024
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 58 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Equity above €500kEq €509k ▲10.3%
5 profitable years in a row build equity to €509k.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
31-12
Financial
Weakest financial yearnet €45k ▼10.2%
Net result drops to €45k, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Highest result since 2018net €101k ▲55.2%
Operating result €149k, net result €101k, both a record.
26-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 118 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 59 days late
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 61 days late
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, Pajottegem · 1 establishment unit since 2005
Ground area
408 m²
Building footprint
316 m²
Volume, LiDAR
1,750 m³
Parcel 23024E0626/00G000, Flanders · tallest building 11.1 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
COMAFI
since 20052.145.677.117
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23024E0626/00G000 | Flanders | 408 m² | 1 · 316 m² | 11.1 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 13,417 companies in sector 73300 we hold annual accounts for 6,898. 3,736 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
Founded16-02-2005
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
Contact
Phone
+32496587928
Scores and ratios are computed by Checked and are not a credit decision.