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COMAN GROUP

Active
Private limited companyfounded 2022active for 4 yearsEmile Bockstaellaan 388, 1020 Brussel, BelgiumKBO/BCE: BE 0786.222.018

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 08-07-2026 at the NBB all 4 filings

Turnover
≈ €48,000
Estimated: probably between €23,000 and €79,000
Total assets
€9,216▲ 169%
2024 · €3,421
Net result
€5,126
2024 · -€4,450
Working capital
€6,419▲ 600%
2024 · €918
Trend over the years

2022 to 2025, 4 financial years

The operating result for 2025 is a profit of €5,237, after a loss of €4,353 in 2024. It is the highest result since 2022.

Operating result€5,237 2025 Net result€5,126 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Land transport and transport via pipelines (NACE 49). 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 dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency and return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line2022202320242025
Operating result-€2,041--€810▲ 60.3%-€4,353▼ 437%€5,237
Net result-€2,041below the sector's middle half--€839within the sector's middle half▲ 58.9%-€4,450below the sector's middle half▼ 430%€5,126within the sector's middle half
Equity€7,959below the sector's middle half-€7,120below the sector's middle half▼ 10.5%€2,670below the sector's middle half▼ 62.5%€7,796within the sector's middle half▲ 192%
Total assets€7,959below the sector's middle half-€7,120below the sector's middle half▼ 10.5%€3,421below the sector's middle half▼ 52.0%€9,216below the sector's middle half▲ 169%
Debt€751€1,420▲ 89.1%
Working capital€918within the sector's middle half€6,419within the sector's middle half▲ 600%
Solvency100.0%above the sector's middle half-100.0%above the sector's middle half=84.6%above the sector's middle half
Current ratio5.52above the sector's middle half
Return on assets (ROA)-25.6%below the sector's middle half--11.8%below the sector's middle half▲ 13.9pp55.6%above the sector's middle half
above within below The sector band is the middle half of the companies in Land transport and transport via pipelines (NACE 49). 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.
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 €9,216
Fixed assets €1,378 ▼ 21.4%
Current assets €7,839 ▲ 370%
Equity and liabilities €9,216
Equity €7,796 ▲ 192%
Debt €1,420 ▲ 89.1%
Debt's share of the balance-sheet total falls from 22.0% to 15.4%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€5,612▲
2024 · -€4,231
Cash flow
€5,501▲
2024 · -€4,328
Debt to equity
0.18
ROE
65.8%
Interest coverage
50.74▲
2024 · -43.39
Debt ≤ 1 year
€1,420▲
2024 · €751
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Comparable companies

These companies have the same main activity as COMAN GROUP: freight transport by road (NACE 49410). They are comparable in size and age: total assets between €9,540 and €13,200, founded between 2020 and 2022.

CompanyFoundedTotal assetsEquityGross marginNet resultFinancial year
COMAN GROUP Brussel2022€9,216€7,796€5,675€5,1262025
SD80 Kinrooi2022€9,535€4,114€4,937€2,9152025
Turbo Transport Mechelen2022€11,706-€11,122€6,091€5,0092025
A-GJEDIA Brussel2022€9,775-€11,491€8,449€6,2212025
R&M GROUP Sint-Jans-Molenbeek2022€9,740€2,634€9,015€8,8742024
FOX LIFT Anderlecht2020€11,625€596€6,560€1,5492024
R&R TRANS Sint-Jans-Molenbeek2022€13,192-€8,724€3,897-€4,4652024

They were chosen from the 7,773 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 39,278 companies had the same profile as COMAN GROUP has now. Two years later, 1.8% had gone bankrupt and 95.9% were still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
95.9% was still going

The bankruptcy probability of COMAN GROUP itself is higher: 2.9% within 12 months. It rests on far more data about COMAN GROUP than the profile alone.

Test of the method

The method was tested on the 497,445 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 39,278 companies, not a prediction for COMAN GROUP. 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 30 lines

Source: Annual accounts 2025 at the NBB, filed on 08-07-2026.

Balance sheet Code20242025
Assets
Total assets20/58€3,421€9,216▲
Fixed assets21/28€1,752€1,378▼
Tangible fixed assets22/27€1,752€1,378▼
Furniture and vehicles24€1,752€1,378▼
Current assets29/58€1,668€7,839▲
Amounts receivable within one year40/41€1,032€7,654▲
Trade receivables40€882€7,500▲
Other amounts receivable41€149€154▲
Cash at bank and in hand54/58€637€185▼
Equity and liabilities
Total equity and liabilities10/49€3,421€9,216▲
Equity10/15€2,670€7,796▲
Contributions10/11€10,000€10,000=
Profit (loss) carried forward14-€7,330-€2,204▲
Amounts payable17/49€751€1,420▲
Amounts payable within one year42/48€751€1,420▲
Trade debts44€13€1,103▲
Suppliers440/4€13€1,103▲
Other amounts payable47/48€738€316▼
Income statement Code20242025
Non-recurring operating income76A-€565
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€122€375▲
Other operating charges640/8€387€63▼
Gross operating margin9900-€3,843€5,675▲
Operating profit (loss)9901-€4,353€5,237▲
Financial charges65/66B€98€111▲
Recurring financial charges65€98€111▲
Profit (loss) for the period before taxes9903-€4,450€5,126▲
Profit (loss) for the period9904-€4,450€5,126▲
Profit (loss) for the period to be appropriated9905-€4,450€5,126▲
Appropriation of the result
Profit (loss) to be appropriated9906-€7,330-€2,204▲
Profit (loss) brought forward from the previous period14P-€2,880-€7,330▼

The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line2022202320242025Change
Non-recurring operating income76A---€565-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630--€122€375▲ 208%
Other operating charges640/8-€810€387€63▼ 83.6%
Gross operating margin9900-€2,041€0-€3,843€5,675-
Operating profit (loss)9901-€2,041-€810-€4,353€5,237-
Financial charges65/66B-€29€98€111▲ 13.4%
Recurring financial charges65-€29€98€111▲ 13.4%
Profit (loss) for the period before taxes9903-€2,041-€839-€4,450€5,126-
Profit (loss) for the period9904-€2,041-€839-€4,450€5,126-
Profit (loss) for the period to be appropriated9905-€2,041-€839-€4,450€5,126-
Line2022202320242025Change
Assets
Total assets20/58€7,959€7,120€3,421€9,216▲ 169%
Fixed assets21/28--€1,752€1,378▼ 21.4%
Tangible fixed assets22/27--€1,752€1,378▼ 21.4%
Furniture and vehicles24--€1,752€1,378▼ 21.4%
Current assets29/58€7,959€7,120€1,668€7,839▲ 370%
Amounts receivable within one year40/41€167€1,667€1,032€7,654▲ 642%
Trade receivables40--€882€7,500▲ 750%
Other amounts receivable41€167€1,667€149€154▲ 3.1%
Cash at bank and in hand54/58€7,792€5,453€637€185▼ 71.0%
Equity and liabilities
Total equity and liabilities10/49€7,959€7,120€3,421€9,216▲ 169%
Equity10/15€7,959€7,120€2,670€7,796▲ 192%
Contributions10/11€10,000€10,000€10,000€10,000=
Profit (loss) carried forward14-€2,041-€2,880-€7,330-€2,204▲ 69.9%
Amounts payable17/49--€751€1,420▲ 89.1%
Amounts payable within one year42/48--€751€1,420▲ 89.1%
Trade debts44--€13€1,103▲ 86×
Suppliers440/4--€13€1,103▲ 86×
Other amounts payable47/48--€738€316▼ 57.1%
Line2022202320242025Change
Profit (loss) for the period9904-€2,041-€839-€4,450€5,126-
+ Depreciation and write-downs630--€122€375▲ 208%
Operating cash flow (approximation)-€2,041-€839-€4,328€5,501-
Investment in fixed assets (approximation)---€0-
Change in cash--€2,339-€4,817-€452▲ 90.6%

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (4)
Financial year Type Filed Reference Document
31-12-2025 micro format 08-07-2026 2026-00267619 NBB
31-12-2024 micro format 20-05-2025 2025-00109201 PDF
31-12-2023 micro format 23-05-2024 2024-00095456 PDF
31-12-2022 micro format 29-06-2023 2023-00184832 PDF

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