COMAPACK
ActiveSummary
The annual accounts of COMAPACK for financial year 2025 show a net loss of 52% of total assets. The 2025 annual accounts show equity of €277,465 and a net result of -€161,318. Equity is growing by about 4.8% per year across the filed financial years. Its solvency ranks better than 92% of 9,811 sector peers (NACE 46, financial year 2025). The company has been active since 1988 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.0% (low).
Overview
- Equity
- €277,465
- Loss
- -€161,318
Why 55raises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearLoss of €161,318 (financial year 2025)Last filed accounts filed 31 days late; 2 of the last 3 latelowers riskFounded in 1988Equity €277,465 (90.0% of total assets)Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro): better than 90% on solvency, 67% on liquidity, 6% on profitability and 10% on growth.
The bankruptcy probability was computed on 30-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 43 days after the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Weakest financial yearnet -€161,318
- Annual accounts filedfinancial year 2024 · abbreviated…
Financials · financial year 2025, abbreviated format
2025 annual accounts filed late (31 days) Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00466648.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 60% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,185 | - | - | - | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €2,327 | €1,611 | €1,223 | €1,267 | €1,313 | ▲ 3.7% |
| Gross operating margin9900 | €71,869 | -€1,534 | €9,476 | €16,376 | -€5,085 | -€1,127 | €42,476 | €17,728 | ▼ 58.3% |
| Operating profit (loss)9901 | €68,670 | -€5,100 | €7,163 | €14,049 | -€6,696 | -€2,350 | €41,209 | €16,415 | ▼ 60.2% |
| Financial income75/76B | - | - | - | €65,832 | €55,000 | €31,946 | €40,638 | €13,818 | ▼ 66.0% |
| Recurring financial income75 | €49,984 | €1,326 | €20,121 | €65,832 | €55,000 | €31,946 | €40,638 | €13,818 | ▼ 66.0% |
| Financial charges65/66B | - | - | - | €69 | €109 | €143 | €39 | €191,123 | ▲ 4,936× |
| Recurring financial charges65 | €438 | €224 | €231 | €69 | €109 | €143 | €39 | €578 | ▲ 15× |
| Non-recurring financial charges66B | - | - | - | - | - | - | - | €190,545 | - |
| Profit (loss) for the period before taxes9903 | €118,215 | -€3,998 | €27,053 | €79,812 | €48,195 | €29,453 | €81,809 | -€160,889 | - |
| Income taxes67/77 | €37,723 | €2,944 | €7,070 | €13,779 | €4,903 | €5,761 | €21,498 | €429 | ▼ 98.0% |
| Profit (loss) for the period9904 | €80,492 | -€6,942 | €19,983 | €66,034 | €43,291 | €23,692 | €60,311 | -€161,318 | - |
| Profit (loss) for the period to be appropriated9905 | €80,492 | -€6,942 | €19,983 | €66,034 | €43,291 | €23,692 | €60,311 | -€161,318 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.1m | €0.8m | €0.7m | €0.6m | €0.5m | €0.6m | €0.6m | €0.3m | ▼ 48.0% |
| Fixed assets21/28 | €0.8m | €0.7m | €0.7m | €0.6m | €0.5m | €0.5m | €0.5m | €0.2m | ▼ 49.8% |
| Financial fixed assets28 | €0.8m | €0.7m | €0.7m | €0.6m | €0.5m | €0.5m | €0.5m | €0.2m | ▼ 49.8% |
| Current assets29/58 | €0.3m | €0.03m | €0.03m | €0.04m | €0.003m | €0.07m | €0.1m | €0.07m | ▼ 40.0% |
| Amounts receivable within one year40/41 | €0.002m | €0.03m | €0.02m | €0.005m | €0.001m | €326 | €0.09m | €0.04m | ▼ 53.6% |
| Trade receivables40 | - | - | - | €0.004m | - | - | - | - | - |
| Other amounts receivable41 | - | - | - | €465 | €0.001m | €326 | €0.09m | €0.04m | ▼ 53.6% |
| Cash at bank and in hand54/58 | €0.01m | €0.003m | €0.006m | €0.03m | €359 | €0.07m | €0.02m | €0.03m | ▲ 14.8% |
| Deferred charges and accrued income490/1 | - | - | - | €0.001m | €0.002m | €0.001m | €0.004m | €0.001m | ▼ 63.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.1m | €0.8m | €0.7m | €0.6m | €0.5m | €0.6m | €0.6m | €0.3m | ▼ 48.0% |
| Equity10/15 | €0.4m | €0.4m | €0.4m | €0.5m | €0.5m | €0.5m | €0.5m | €0.3m | ▼ 49.0% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.4m | €0.4m | €0.4m | €0.5m | €0.4m | €0.5m | €0.5m | €0.4m | ▼ 24.1% |
| Non-distributable reserves130/1 | - | - | - | €0.02m | €0.02m | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.02m | €0.02m | - | - | - | - |
| Distributable reserves133 | - | - | - | €0.4m | €0.4m | €0.5m | €0.5m | €0.4m | ▼ 24.1% |
| Profit (loss) carried forward14 | - | - | - | - | - | - | - | -€0.1m | - |
| Amounts payable17/49 | €0.7m | €0.4m | €0.3m | €0.2m | €0.08m | €0.09m | €0.05m | €0.03m | ▼ 36.2% |
| Amounts payable within one year42/48 | €0.7m | €0.4m | €0.3m | €0.2m | €0.08m | €0.09m | €0.05m | €0.03m | ▼ 36.2% |
| Trade debts44 | €0.04m | €0.04m | €0.009m | €0.02m | €0.02m | €0.02m | €0.02m | €0.008m | ▼ 60.5% |
| Suppliers440/4 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.008m | ▼ 60.5% |
| Taxes, remuneration and social security45 | - | - | - | €0.01m | €0.008m | €0.01m | €0.03m | €0.02m | ▼ 17.6% |
| Taxes450/3 | - | - | - | €0.01m | €0.008m | €0.01m | €0.03m | €0.02m | ▼ 17.6% |
| Other amounts payable47/48 | - | - | - | €0.1m | €0.06m | €0.05m | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €5 | - | €4 | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €80,492 | -€6,942 | €19,983 | €66,034 | €43,291 | €23,692 | €60,311 | -€161,318 | - |
| + Depreciation and write-downs630 | €1,185 | - | - | - | - | - | - | - | - |
| Operating cash flow (approximation) | €81,677 | -€6,942 | €19,983 | €66,034 | €43,291 | €23,692 | €60,311 | -€161,318 | - |
| Investment in fixed assets (approximation) | - | €80,000 | €66,490 | €64,000 | €50,000 | €40,000 | €20,000 | €239,250 | ▲ 12× |
| Change in cash | - | -€11,612 | €2,619 | €25,860 | -€31,339 | €67,320 | -€44,878 | €3,374 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 35 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 31-08-2026 | 2026-00466648 |
| 31-12-2024 | abbreviated format | 30-09-2025 | 2025-00515707 |
| 31-12-2023 | abbreviated format | 30-08-2024 | 2024-00409245 |
| 31-12-2022 | abbreviated format | 29-08-2023 | 2023-00367944 |
| 31-12-2021 | abbreviated format | 31-08-2022 | 2022-20365267 |
| 31-12-2020 | abbreviated format | 27-08-2021 | 2021-54300236 |
| 31-12-2019 | abbreviated format | 30-10-2020 | 2020-64900589 |
| 31-12-2018 | abbreviated format | 08-10-2019 | 2019-68800087 |
| 31-12-2017 | abbreviated format | 27-09-2018 | 2018-64900288 |
| 31-12-2016 | abbreviated format | 31-08-2017 | 2017-52600136 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Frank Boedt |
|
Owners and capital
Capital and shareholders
- 07-12-2023 Converted to unavailable equity
Group and network
Holdings and subsidiaries
1 holdingHoldings 1
-
100%
According to the 2025 annual accounts of COMAPACK and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
07-12
Gazette deed
Resignation: Frank Boedt (statutory manager)Appointment: Frank Boedt (director) · Director discharge · Registered office clause12 facts ▸
- Director resignation, Frank Boedt (statutory manager)
- Director appointment, Frank Boedt (director (not named in the articles))
- Other provision, “geen beroepsverbod, geen beroepsverbod lopende” (deed in Dutch)
- Director discharge, Frank Boedt
- Registered office clause, “Poperinge, Europalaan 7” (deed in Dutch)
- Power of attorney
- General meeting, 21-11-2023
- Other provision, 24-11-2023
- Other provision, “aanpassing statuten aan WVV en behoud rechtsvorm, aanpassen” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “vormen en meerderheden statutenwijziging, opheffing” (deed in Dutch)
- Amendment of the articles
Show earlier events
About the unread acts
Of the 4 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 31 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 33021E0479/00E002 | Flanders | 1,649 m² | 1 · 497 m² | 16.3 m · 4 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het rationeel en oordeelkundig beheer en behoud,in de ruimste zin van het woord,van een patrimonium bestaande uit roerende en onroerende…” (deed in Dutch)
10 activities (deed in Dutch)
- Het rationeel en oordeelkundig beheer en behoud,in de ruimste zin van het woord,van een patrimonium bestaande uit roerende en onroerende goederen. Binnen dit kader mag zij overgaan tot het aankopen,verkopen,opschikken,uitrusten,valoriseren,beleggen,bouwen,verbouwen,verhuren of in huur nemen van alle roerende en onroerende goederen.
- Het uitoefenen van functies van bestuurder,vereffenaar of andere mandaten van (andere) vennootschappen of verenigingen.
- Het aanvragen,concessioneren,overdragen of uitbaten van alle octrooien,patenten,vergunningen,fabrieksmerken of handelsmerken allerhande.
- Het toestaan van leningen en kredietopeningen aan vennootschappen,ondernemingen of particulieren,onder om het even welke vorm; in dit kader kan zij ook borg stellen,haar aval verlenen,of,in de meest ruime zin,alle handels- en financiële operaties verrichten,behalve die welke wettelijk voorbehouden zijn aan depositobanken,houders van deposito’s op korte termijn,spaarkassen,hypotheekmaatschappijen en kapitalisatieondernemingen.
- De handel in allerhande papierwaren en verpakking-smiddelen en alle aanverwante producten in de meest ruime zin van het woord.
- Het verlenen van adviezen van financiële,technische,commerciële of administratieve aard; in de ruimste zin,bijstand en diensten verlenen,rechtstreeks of onrechtstreeks,op het vlak van administratie en financiën,verkoop,productie en algemeen beheer.
- In algemene zin mag de vennootschap alle roerende,onroerende,commerciële,industriële,financiële of nijverheidshandelingen stellen die rechtstreeks of onrechtstreeks,geheel of gedeeltelijk,kunnen verband houden met de verwezenlijking van haar voorwerp.
- De vennootschap mag belangen nemen,hetzij door deelneming,inbreng,overname of elke andere wijze in alle vennootschappen,ondernemingen,syndicaten of groeperingen,bestaande of op te richten zowel in België als in het buitenland,die een gelijkluidend,aanvullend of soortgelijk voorwerp nastreven of die van aard zijn de ontwikkeling van haar onderneming te bevorderen.
- De vennootschap mag de gereserveerde middelen beheren als een goede huisvader.
- De vennootschap mag haar voorwerp verwezenlijken zowel in België als in het buitenland. Hiertoe kan de vennootschap bijhuizen of agentschappen oprichten en vestigen in België of in het buitenland.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- COMAPACK
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking, 1” (deed in Dutch)“Nodig of nuttig voor voorwerp, wet of statuten aan AV voorbehouden” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “81300, gelijk” (deed in Dutch)