COMAFIN MGT
InactiveCOMAFIN MGT was declared bankrupt on 25-09-2023 (Ondernemingsrechtbank Antwerpen, afdeling Mechelen); the bankruptcy was closed for insufficient assets by judgment of 23-12-2024, published in the Belgian State Gazette on 30-12-2024.
Summary
Inactive; last annual accounts for fiscal year 2022.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline24-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 26-08-2023, 26 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
not filed
2023
not filed
2022
26 d late
2021
30 d late
2020
31 d late
2019
70 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Turnover
€118k▲ 9.0%
2020 · €109k
2018: €106k
2019: €112k
2020: €109k
2018 → 2021
EBIT margin
21.0%▼ 4.9pp
2020 · 25.9%
2018: 41.6%
2019: 8.5%
2020: 25.9%
2018 → 2021
Net result
€8k▼ 65.3%
2021 · €22k
2018: €40k
2019: €11k
2020: €26k
2021: €22k
2018 → 2022
Working capital
€-13k▼ 66.1%
2021 · €-8k
2018: €-86k
2019: €25k
2020: €2k
2021: €-8k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Turnover€106k-€112k▲ 5.7%€109k▼ 3.5%€118k▲ 9.0%
Equity€-122k-€-111k▲ 9.1%€-88k▲ 21.1%€-67k▲ 23.3%€-59k▲ 11.6%
Operating result€44k-€10k▼ 78.3%€28k▲ 193%€25k▼ 11.8%€29k▲ 18.6%
Net result€40k-€11k▼ 72.1%€26k▲ 134%€22k▼ 13.2%€8k▼ 65.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2022; 2022 is 19% above 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €236k
Fixed assets
€54k ▲ 112%
Current assets
€182k ▲ 21.5%
Key figures and ratios
EBITDA
€39k▲
2021 · €32k
Cash flow
€17k▼
2021 · €30k
Solvency
-25.0%▲
2021 · -37.3%
Current ratio
0.93▼
2021 · 0.95
Quick ratio
0.52▼
2021 · 0.95
Debt to equity
-5.01▼
2021 · -3.68
ROA
3.3%▼
2021 · 12.5%
Interest coverage
22.20▲
2021 · 14.38
Debt
€297k▲
2021 · €247k
Debt ≤ 1 year
€196k▲
2021 · €158k
Debt > 1 year
€83k▼
2021 · €89k
Income taxes
€14k▲
2021 · €94
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 · 2022 against 2021 · 57 lines
Balance sheet
Code20212022
Assets
Total assets20/58€180k€238k▲
Formation expenses20€5k€2k▼
Fixed assets21/28€25k€54k▲
Intangible fixed assets21€25k€54k▲
Tangible fixed assets22/27€66-
Plant, machinery and equipment23€66-
Current assets29/58€150k€182k▲
Stocks and contracts in progress3-€80k
Contracts in progress37-€80k
Amounts receivable within one year40/41€109k€102k▼
Trade receivables40€76k€68k▼
Other amounts receivable41€34k€34k=
Cash at bank and in hand54/58€80€228▲
Deferred charges and accrued income490/1€41k-
Equity and liabilities
Total equity and liabilities10/49€180k€238k▲
Equity10/15€-67k€-59k▲
Contributions10/11€19k€19k=
Reserves13€70k€78k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€68k€76k▲
Profit (loss) carried forward14€-156k€-156k=
Amounts payable17/49€247k€297k▲
Amounts payable after more than one year17€89k€83k▼
Financial debts170/4€51k€49k▼
Other amounts payable178/9€39k€34k▼
Amounts payable within one year42/48€158k€196k▲
Current portion of amounts payable after more than one year42€9k€2k▼
Financial debts43€4k-
Credit institutions430/8€4k-
Trade debts44€26k€36k▲
Suppliers440/4€26k€36k▲
Advances received on contracts in progress46-€39k
Taxes, remuneration and social security45€32k€47k▲
Taxes450/3€32k€47k▲
Other amounts payable47/48€87k€72k▼
Accrued charges and deferred income492/3-€19k
Income statement
Code20212022
Turnover70€118k-
Goods, raw materials, services and sundry goods60/61€84k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€9k▲
Other operating charges640/8€2k€1k▼
Non-recurring operating charges66A-€16k
Gross operating margin9900€35k€56k▲
Operating profit (loss)9901€25k€29k▲
Financial income75/76B-€750
Recurring financial income75-€750
Financial charges65/66B€2k€9k▲
Recurring financial charges65€2k€2k▼
Non-recurring financial charges66B-€7k
Profit (loss) for the period before taxes9903€23k€22k▼
Income taxes67/77€94€14k▲
Profit (loss) for the period9904€22k€8k▼
Profit (loss) for the period to be appropriated9905€22k€8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-133k€-148k▼
Profit (loss) brought forward from the previous period14P€-156k€-156k=
Transfer to equity691/2€22k€8k▼
To other reserves6921€22k€8k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
30-12
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · COMAFIN MGT BV HILLAARSEIK 1/B4, 2500 LIER · event 23-12-2024
2023
29-09
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · COMAFIN MGT BV HILLAAR- SEIK 1/B4, 2500 LIER · event 25-09-2023
26-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 26 days late
2022
31-12
Financial
Weakest financial yearnet €8k ▼65.3%
Net result drops to €8k, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
22-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity quadruplescurrent ratio 1.36
Current ratio from 0.34 to 1.36; short-term debt falls from €129k to €69k.
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
03-06
Judicial reorganisation
Opening
Ondernemingsrechtbank Antwerpen · collectif · event 27-05-2019
2018
15-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 15 days late
2017
20-09
Bankruptcy
Bankruptcy reversal
Rechtbank van koophandel Antwerpen, afdeling Antwerpen · COMAFIN MGT BVBA
Show earlier events
10-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 10 days late
2016
15-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 46 days late
2015
09-09
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 40 days late
2014
27-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 27 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | LIESBET JACOBS GROENE LAAN 47, 2830 WILLE-
BROEK |
25-09-2023 → 23-12-2024 |
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 38 EUR awarded · 38 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 38 EUR | 38 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)