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COMAPRO

Active
Private limited company (pre-2019)founded 2002active for 24 yearsOud Kerkhofstraat (GRE) 11, 9200 Dendermonde, BelgiumKBO/BCE: BE 0478.256.322
Summary

The computed 12-month bankruptcy probability of COMAPRO is 3.0% (moderate). The 2024 annual accounts show equity of €44,515 and a net result of -€1,315. Equity is shrinking by about 6.8% per year across the filed financial years. Its solvency ranks better than 17% of 35,977 sector peers (NACE 43, financial year 2024). The company has been active since 2002 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2024, micro format

2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 28 October 2026.

Turnover
≈ €150,000
Estimated: probably between €95,000 and €190,000
Total assets
€321,694▼ 5.4%
2023 · €340,106
Net result
-€1,315▲ 97.1%
2023 · -€46,123
Working capital
-€111,653▲ 10.8%
2023 · -€125,154
Trend over the years

2020 to 2024, 5 financial years 2018 to 2024, 7 financial years

The operating result returns to profit in 2024: €2,177 after a loss of €38,282 in 2023.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€2,177 2024 Net result-€1,315 2024

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

Sector: the middle half of NACE 43, Specialised construction activities: 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).

Every figure with its change against the financial year before
favourable unfavourable
Line2018201920202021202220232024
Operating result€21,379-€18,254▼ 14.6%€14,340▼ 21.4%€37,940▲ 165%-€10,994-€38,282▼ 248%€2,177
Net result€8,191-€10,214▲ 24.7%€9,136within the sector's middle half▼ 10.6%€24,357within the sector's middle half▲ 167%-€14,598below the sector's middle half-€46,123below the sector's middle half▼ 216%-€1,315below the sector's middle half▲ 97.1%
Equity€67,844-€73,059▲ 7.7%€82,195within the sector's middle half▲ 12.5%€106,552within the sector's middle half▲ 29.6%€91,954within the sector's middle half▼ 13.7%€45,831within the sector's middle half▼ 50.2%€44,515within the sector's middle half▼ 2.9%
Total assets€346,000-€336,216▼ 2.8%€333,235above the sector's middle half▼ 0.9%€333,745above the sector's middle half▲ 0.2%€314,894above the sector's middle half▼ 5.6%€340,106above the sector's middle half▲ 8.0%€321,694above the sector's middle half▼ 5.4%
Debt€278,156-€263,157▼ 5.4%€251,040▼ 4.6%€227,193▼ 9.5%€222,940▼ 1.9%€294,275▲ 32.0%€277,179▼ 5.8%
Working capital-€88,333--€78,903▲ 10.7%-€73,824below the sector's middle half▲ 6.4%-€47,670below the sector's middle half▲ 35.4%-€64,936below the sector's middle half▼ 36.2%-€125,154below the sector's middle half▼ 92.7%-€111,653below the sector's middle half▲ 10.8%
Solvency19.6%-21.7%▲ 2.1pp24.7%within the sector's middle half▲ 2.9pp31.9%within the sector's middle half▲ 7.3pp29.2%within the sector's middle half▼ 2.7pp13.5%below the sector's middle half▼ 15.7pp13.8%below the sector's middle half▲ 0.4pp
Current ratio0.44-0.48▲ 0.040.53below the sector's middle half▲ 0.050.67below the sector's middle half▲ 0.140.57below the sector's middle half▼ 0.100.34below the sector's middle half▼ 0.230.38below the sector's middle half▲ 0.04
Return on assets (ROA)2.4%-3.0%▲ 0.7pp2.7%within the sector's middle half▼ 0.3pp7.3%within the sector's middle half▲ 4.6pp-4.6%below the sector's middle half▼ 11.9pp-13.6%below the sector's middle half▼ 8.9pp-0.4%below the sector's middle half▲ 13.2pp
above within below the middle half of NACE 43, Specialised construction activities: 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.
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €321,694
Fixed assets €253,899 ▼ 8.2%
Current assets €67,796 ▲ 6.6%
Equity and liabilities €321,694
Equity €44,515 ▼ 2.9%
Debt €277,179 ▼ 5.8%
Debt's share of the balance-sheet total falls from 86.5% to 86.2%. Equity and debt are lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€24,290▲
2023 · -€18,368
Cash flow
€20,798▲
2023 · -€26,210
Debt to equity
6.23▼
2023 · 6.42
ROE
-3.0%▲
2023 · -100.6%
Interest coverage
6.96▲
2023 · -2.34
Debt ≤ 1 year
€179,449▼
2023 · €188,747
Debt > 1 year
€97,730▼
2023 · €105,528
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,450 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 93.3% are still going.

  • Micro
  • 20 years or older
  • solvency 10 to 30%
  • a small loss
1.5% went bankrupt
5.1% stopped otherwise
93.3% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 3.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to 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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 2,450 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 47 lines
Balance sheet Code20232024
Assets
Total assets20/58€340,106€321,694▼
Fixed assets21/28€276,512€253,899▼
Tangible fixed assets22/27€276,012€253,899▼
Land and buildings22€217,945€209,924▼
Plant, machinery and equipment23€499€250▼
Furniture and vehicles24€57,567€43,725▼
Financial fixed assets28€500-
Current assets29/58€63,594€67,796▲
Stocks and contracts in progress3€5,000-
Stocks30/36€5,000-
Amounts receivable within one year40/41€58,594€65,244▲
Trade receivables40€52,339€56,690▲
Other amounts receivable41€6,255€8,555▲
Cash at bank and in hand54/58-€2,551
Equity and liabilities
Total equity and liabilities10/49€340,106€321,694▼
Equity10/15€45,831€44,515▼
Contributions10/11€19,000€19,000=
Reserves13€26,831€25,515▼
Non-distributable reserves130/1€1,900€1,900=
Reserves not available under the articles1311€1,900€1,900=
Tax-exempt reserves132€10,544€10,544=
Distributable reserves133€14,387€13,072▼
Amounts payable17/49€294,275€277,179▼
Amounts payable after more than one year17€105,528€97,730▼
Financial debts170/4€105,528€97,730▼
Amounts payable within one year42/48€188,747€179,449▼
Current portion of amounts payable after more than one year42€23,334€22,901▼
Financial debts43€29,847€29,847=
Credit institutions430/8€29,847€29,847=
Trade debts44€24,498€14,867▼
Suppliers440/4€24,498€14,867▼
Taxes, remuneration and social security45€161-
Taxes450/3€161-
Other amounts payable47/48€110,907€111,834▲
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19,913€22,113▲
Other operating charges640/8€3,163€2,845▼
Gross operating margin9900-€15,206€27,136▲
Operating profit (loss)9901-€38,282€2,177▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€7,842€3,492▼
Recurring financial charges65€7,842€3,492▼
Profit (loss) for the period before taxes9903-€46,123-€1,315▲
Profit (loss) for the period9904-€46,123-€1,315▲
Profit (loss) for the period to be appropriated9905-€46,123-€1,315▲
Appropriation of the result
Profit (loss) to be appropriated9906-€46,123-€1,315▲
Transfer from equity791/2€46,123€1,315▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2018201920202021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14,955€14,612€14,448€14,746€9,592€19,913€22,113▲ 11.0%
Other operating charges640/8---€1,540€2,514€3,163€2,845▼ 10.0%
Gross operating margin9900€37,639€36,160€30,713€54,226€1,111-€15,206€27,136-
Operating profit (loss)9901€21,379€18,254€14,340€37,940-€10,994-€38,282€2,177-
Financial income75/76B---€0€113€0--
Recurring financial income75€0€271€1€0€113€0--
Financial charges65/66B---€4,655€3,716€7,842€3,492▼ 55.5%
Recurring financial charges65€8,322€6,840€6,894€4,655€3,716€7,842€3,492▼ 55.5%
Profit (loss) for the period before taxes9903€13,057€11,685€7,447€33,285-€14,598-€46,123-€1,315▲ 97.1%
Income taxes67/77€4,866€1,471-€1,689€8,928----
Profit (loss) for the period9904€8,191€10,214€9,136€24,357-€14,598-€46,123-€1,315▲ 97.1%
Profit (loss) for the period to be appropriated9905€8,191€10,214€9,136€24,357-€14,598-€46,123-€1,315▲ 97.1%
Line2018201920202021202220232024Change
Assets
Total assets20/58€346,000€336,216€333,235€333,745€314,894€340,106€321,694▼ 5.4%
Fixed assets21/28€277,891€263,278€249,640€237,193€228,777€276,512€253,899▼ 8.2%
Tangible fixed assets22/27€277,391€262,778€249,140€236,693€228,277€276,012€253,899▼ 8.0%
Land and buildings22---€234,132€225,762€217,945€209,924▼ 3.7%
Plant, machinery and equipment23---€2,151€1,073€499€250▼ 50.0%
Furniture and vehicles24---€410€1,442€57,567€43,725▼ 24.0%
Financial fixed assets28€500€500€500€500€500€500--
Current assets29/58€68,110€72,938€83,595€96,552€86,117€63,594€67,796▲ 6.6%
Stocks and contracts in progress3€30,000€30,000€30,000€20,000€20,000€5,000--
Stocks30/36---€20,000€20,000€5,000--
Amounts receivable within one year40/41€35,194€42,938€53,493€76,153€66,117€58,594€65,244▲ 11.4%
Trade receivables40---€76,153€61,808€52,339€56,690▲ 8.3%
Other amounts receivable41----€4,310€6,255€8,555▲ 36.8%
Cash at bank and in hand54/58€2,915-€102€399--€2,551-
Equity and liabilities
Total equity and liabilities10/49€346,000€336,216€333,235€333,745€314,894€340,106€321,694▼ 5.4%
Equity10/15€67,844€73,059€82,195€106,552€91,954€45,831€44,515▼ 2.9%
Contributions10/11€19,000€19,000-€19,000€19,000€19,000€19,000=
Reserves13€48,844€54,059€63,195€87,552€72,954€26,831€25,515▼ 4.9%
Non-distributable reserves130/1---€1,900€1,900€1,900€1,900=
Reserves not available under the articles1311---€1,900€1,900€1,900€1,900=
Tax-exempt reserves132---€10,544€10,544€10,544€10,544=
Distributable reserves133---€75,108€60,510€14,387€13,072▼ 9.1%
Amounts payable17/49€278,156€263,157€251,040€227,193€222,940€294,275€277,179▼ 5.8%
Amounts payable after more than one year17€121,713€111,316€93,622€82,971€71,887€105,528€97,730▼ 7.4%
Financial debts170/4---€82,971€71,887€105,528€97,730▼ 7.4%
Amounts payable within one year42/48€156,443€151,841€157,419€144,222€151,053€188,747€179,449▼ 4.9%
Current portion of amounts payable after more than one year42---€10,651€11,084€23,334€22,901▼ 1.9%
Financial debts43----€6,383€29,847€29,847=
Credit institutions430/8----€6,383€29,847€29,847=
Trade debts44€13,711€10,412€10,975€13,453€19,930€24,498€14,867▼ 39.3%
Suppliers440/4---€13,453€19,930€24,498€14,867▼ 39.3%
Taxes, remuneration and social security45---€9,389€8,928€161--
Taxes450/3---€9,389€8,928€161--
Other amounts payable47/48---€110,729€104,729€110,907€111,834▲ 0.8%
Line2018201920202021202220232024Change
Profit (loss) for the period9904€8,191€10,214€9,136€24,357-€14,598-€46,123-€1,315▲ 97.1%
+ Depreciation and write-downs630€14,955€14,612€14,448€14,746€9,592€19,913€22,113▲ 11.0%
Operating cash flow (approximation)€23,145€24,827€23,584€39,103-€5,006-€26,210€20,798-
Investment in fixed assets (approximation)-€0-€810-€2,299-€1,176-€67,648€500-
Change in cash---€297----

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Latest 10 of 22 filings with the National Bank
Financial year Type Filed Reference
31-12-2024 micro format 31-08-2025 2025-00470898
31-12-2023 micro format 31-12-2024 2025-00000947
31-12-2022 micro format 29-03-2024 2024-00054887
31-12-2021 micro format 28-08-2022 2022-20413396
31-12-2020 micro format 30-09-2021 2021-69700159
31-12-2019 micro format 09-10-2020 2020-60700087
31-12-2018 micro format 19-07-2019 2019-35000570
31-12-2017 micro format 28-09-2018 2018-66200047
31-12-2016 micro format 11-10-2017 2017-66900365
31-12-2015 abbreviated format 12-10-2016 2016-65500164

Show all 22 filings

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