COMARDEN
COMARDEN has been active since 1977 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.98M and a net result of €112k. Equity is growing by ~3.7% per year across the filed fiscal years. Its solvency ranks better than 73% of 4735 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
| Equity | €5.98M |
| Net result | €112k |
| Staff (FTE) | 29.2 |
| Better than sector | 73% |
Strong profile, led by solvency.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 66.9% | 45.7% | |
| Net result | €112k | €116k | |
| Equity | €5.98M | €1.64M | |
| Staff costs | €2.05M | €781k | |
| Employees (FTE) | 29.2 | 10.9 |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | full schema | unclassified schema | unclassified schema | unclassified schema |
| Revenue | €18.24M | €16.73M | €17.63M | €20.45M |
| EBITDA | €467k | €604k | €649k | €1.68M |
| Net profit | €112k | €229k | €277k | €1.14M |
| Cash flow | €362k | €494k | €505k | €1.32M |
| Staff costs | €2.05M | €2.22M | €2.09M | €1.96M |
| Income taxes | €74k | €107k | €135k | €405k |
| Dividends | - | - | €0 | €1.02M |
| Total assets | €8.93M | €8.81M | €8.95M | €9.47M |
| Equity | €5.98M | €5.87M | €5.64M | €5.37M |
| Debt | €2.96M | €2.94M | €3.30M | €4.09M |
| of which ≤ 1y | €1.85M | €1.81M | €2.12M | €2.84M |
| of which > 1y | €1.10M | €1.12M | €1.18M | €1.26M |
| Working capital | €6.57M | €6.29M | €5.98M | €5.96M |
| Employees (FTE) | 29.2 | 30.7 | 31.6 | 29.9 |
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 4.55 | 4.47 | 3.82 | 3.10 |
| Quick ratio | 1.65 | 1.48 | 1.35 | 1.37 |
| Working capital ratio | 73.5% | 71.4% | 66.8% | 63.0% |
| Solvency | 66.9% | 66.6% | 63.1% | 56.7% |
| Debt / equity | 0.50 | 0.50 | 0.59 | 0.76 |
| Long-term debt ratio | 0.18 | 0.19 | 0.21 | 0.23 |
| Interest coverage | 22.81 | 30.09 | 30.80 | 86.67 |
| Gross margin | 19.4% | 22.8% | 20.7% | 22.4% |
| Net margin | 0.6% | 1.4% | 1.6% | 5.6% |
| ROA | 1.3% | 2.6% | 3.1% | 12.0% |
| ROE | 1.9% | 3.9% | 4.9% | 21.2% |
| EBITDA margin | 2.6% | 3.6% | 3.7% | 8.2% |
| Days sales outstanding | 26d | 26d | 28d | 32d |
| Days payable outstanding | 14d | 11d | 12d | 20d |
| Inventory turnover | 2.74 | 2.38 | 2.67 | 3.22 |
| Days inventory (DSI) | 133d | 153d | 137d | 113d |
Full annual accounts (25 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €8.93M | €8.81M | €8.95M | €9.47M |
| Fixed assets | 21/28 | €518k | €708k | €852k | €668k |
| Tangible fixed assets | 22/27 | €515k | €705k | €849k | €666k |
| Financial fixed assets | 28 | €3k | €3k | €3k | €2k |
| Current assets | 29/58 | €8.42M | €8.10M | €8.09M | €8.80M |
| Stocks & contracts in progress | 3 | €5.37M | €5.42M | €5.24M | €4.92M |
| Amounts receivable within one year | 40/41 | €1.36M | €1.54M | €1.51M | €1.81M |
| Investments | 50/53 | €396k | €254k | €434k | €39k |
| Cash & bank | 54/58 | €1.23M | €821k | €829k | €1.97M |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €8.93M | €8.81M | €8.95M | €9.47M |
| Equity | 10/15 | €5.98M | €5.87M | €5.64M | €5.37M |
| Contributions / capital | 10/11 | €20k | €20k | €20k | €20k |
| Reserves | 13 | €5.95M | €5.83M | €5.61M | €5.33M |
| Amounts payable | 17/49 | €2.96M | €2.94M | €3.30M | €4.09M |
| Amounts payable after one year | 17 | €1.10M | €1.12M | €1.18M | €1.26M |
| Amounts payable within one year | 42/48 | €1.85M | €1.81M | €2.12M | €2.84M |
| Trade debts payable within one year | 44 | €564k | €391k | €451k | €862k |
| Income statement | |||||
| Turnover | 70 | €18.24M | €16.73M | €17.63M | €20.45M |
| Operating result | 9901 | €217k | €339k | €420k | €1.50M |
| Financial income | 75 | €184k | €190k | €176k | €219k |
| Financial charges | 65 | €215k | €192k | €184k | €175k |
| Result before taxes | 9903 | €186k | €336k | €412k | €1.54M |
| Income taxes | 67/77 | €74k | €107k | €135k | €405k |
| Net result for the period | 9904 | €112k | €229k | €277k | €1.14M |
| Result to be appropriated | 9905 | €218k | €334k | €277k | €717k |
-
Current04-02-2026 → present
-
Current04-02-2026 → present
4 events
- 04-02-2026 Resigned· Director
- 04-02-2026 Appointed· Director
- 27-12-2013 Appointed· Director
- 27-12-2013 Appointed· Managing director
-
Current04-02-2026 → present
Historic, not recently confirmed (1)
-
Not recently confirmedlast confirmed in an act from 2014
2 events
- 25-07-2014 Appointed· Director
- 27-12-2013 Resigned· Managing director
| REWISECurrent Statutory auditor · represented by LECLER Alexandre | 09-09-2015 → present |
| NACE primary | Wholesale of construction materials, general range(46831) |
| Legal form | Private limited company(610) |
| Incorporation | 13-05-1977 |
| Status | Active |
| Postal code | 6880 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 84009B0254/00C000 | Wallonia | 1.6 ha | 1 · 171 m² | 9.5 m · 2 fl. |
| 92095B0209/00T005 | Wallonia | 1.0 ha | 1 · 439 m² | 20.7 m · 1 fl. |
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
04-02-2026 3 directors appointed, 1 resigning
- FERNANDEZ Olivier, Bestuurder
- BOURMANNE Sophie, Bestuurder
- FERNANDEZ Simon, Bestuurder
- FERNANDEZ Olivier, Bestuurder
Technical details
{
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"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "FERNANDEZ Olivier",
"address": null,
"birth_date": null
},
"evidence_quote": "L\u2019assembl\u00E9e g\u00E9n\u00E9rale prend acte de la d\u00E9mission de Monsieur FERNANDEZ Olivier, \u00E0 la fonction de g\u00E9rant (actuellement administrateur) et lui donne d\u00E9charge pour l\u2019exercice de cette mission.",
"discharge_granted": true
},
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "FERNANDEZ Olivier",
"address": null,
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},
"evidence_quote": "Elle nomme en qualit\u00E9 d\u2019administrateur(s), la ou les personnes suivantes, avec les pouvoirs d\u00E9volus par les statuts, sans restriction, pour une dur\u00E9e ind\u00E9termin\u00E9e, Monsieur FERNANDEZ Olivier."
},
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "BOURMANNE Sophie",
"address": null,
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},
"evidence_quote": "Madame BOURMANNE Sophie et subsidiairement, Monsieur Simon FERNANDEZ sont d\u00E9sign\u00E9s en qualit\u00E9 d\u2019administratrice(eur) suppl\u00E9ant(e) pour une dur\u00E9e ind\u00E9termin\u00E9e, sous r\u00E9serve de son acceptation."
},
{
"kind": "director_in",
"role": "bestuurder",
"person": {
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"name": "FERNANDEZ Simon",
"address": null,
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},
"evidence_quote": "Madame BOURMANNE Sophie et subsidiairement, Monsieur Simon FERNANDEZ sont d\u00E9sign\u00E9s en qualit\u00E9 d\u2019administratrice(eur) suppl\u00E9ant(e) pour une dur\u00E9e ind\u00E9termin\u00E9e, sous r\u00E9serve de son acceptation."
}
],
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"name_full": "COMARDEN",
"legal_form": "SPRL"
}
}22-07-2024 LECLER Alexandre reappointed as statutory auditor
- LECLER Alexandre, Commissaris
Technical details
{
"events": [
{
"kind": "commissaris_renew",
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"person": {
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"address": null,
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"evidence_quote": "L\u0027assembl\u00E9e g\u00E9n\u00E9rale r\u00E9\u00E9lit REWISE en tant que commissaire de la soci\u00E9t\u00E9, ayant son siege \u00E0 Rue des Vennes 151 - 4020 Liege, qui sera repr\u00E9sent\u00E9e par LECLER Alexandre, r\u00E9viseur d\u0027entreprises."
}
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}15-09-2021 LECLER Alexandre reappointed as statutory auditor
- LECLER Alexandre, Commissaris
Technical details
{
"events": [
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"kind": "commissaris_renew",
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"person": {
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"name": "LECLER Alexandre",
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"evidence_quote": "L\u0027assembl\u00E9e g\u00E9n\u00E9rale nomme en tant que commissaire de l\u0027entreprise: REWISE, l\u0027entreprise avec la forme juridique d\u0027un SRL, ayant \u00E9lu domicile \u00E0 Rue des Vennes, 151-4020 LIEGE, qui sera repr\u00E9sent\u00E9e par LECLER Alexandre, r\u00E9viseur dentreprises."
}
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}03-10-2019 Alexandre LECLER reappointed as statutory auditor
- Alexandre LECLER, Commissaris
Technical details
{
"events": [
{
"kind": "commissaris_renew",
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"person": {
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"name": "Alexandre LECLER",
"address": null,
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"via_org": {
"kbo": "0428161463",
"name": "REWISE",
"address": null,
"country": null,
"legal_form": null
},
"evidence_quote": "Cette derni\u00E8re d\u00E9cide de renouveler le mandat de commissaire de la soci\u00E9t\u00E9 civile ayant emprunt\u00E9 la forme d\u0027une soci\u00E9t\u00E9 priv\u00E9e \u00E0 responsabilit\u00E9 limit\u00E9e \u003C REWISE \u00BB, dont le si\u00E8ge social est \u00E9tabli \u00E0 4020 - LIEGE. rue des Vennes, 151 (NE: BE-0428.161.463) pour un terme de trois ans venant \u00E0 \u00E9ch\u00E9ance \u00E0"
}
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}09-09-2015 REWISE reappointed as statutory auditor
- REWISE, Commissaris
Technical details
{
"events": [
{
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"person": {
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},
"evidence_quote": "Cette derni\u00E8re d\u00E9cide de renouveler le mandat de commissaire de la soci\u00E9t\u00E9 civile ayant emprunt\u00E9 la forme d\u0027une soci\u00E9t\u00E9 priv\u00E9e \u00E0 responsabilit\u00E9 limit\u00E9e \u00AB REWISE \u00BB dont le si\u00E8ge soc\u00EDal est \u00E9tabli \u00E0 4020 - LIEGE, rue des Vennes, 151 (NE: BE-0428.161.463) pour un terme de trois ans venant \u00E0 \u00E9ch\u00E9ance \u00E0 "
}
],
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}25-07-2014 2 directors appointed, 1 resigning
- Olivier FERNANDEZ, Bestuurder
- Serge FERNANDEZ, Bestuurder
- Serge FERNANDEZ, Gedelegeerd bestuurder
Technical details
{
"events": [
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"kind": "director_out",
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"person": {
"rrn": null,
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},
"effective_date": "2013-12-27",
"evidence_quote": "l\u0027assembl\u00E9e g\u00E9n\u00E9rale a pris acte de la d\u00E9mission de Monsieur Serge FERNANDEZ, domicili\u00E9 \u00E0 6850 Offagne (Paliseul), Rue de Bertrix, 31, de ses fonctions de g\u00E9rant statutaire \u00E0 dater du vingt-sept d\u00E9cembre deux mille treize. Il lui a \u00E9t\u00E9 donn\u00E9 quitus de sa gestion.",
"discharge_granted": true
},
{
"kind": "director_in",
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"effective_date": "2013-12-27",
"evidence_quote": "l\u0027assembl\u00E9e a d\u00E9cid\u00E9, \u00E0 l\u0027unanimit\u00E9, de nommer Monsieur Olivier FERNANDEZ, domicili\u00E9 \u00E0 5170 Profondeville (Lustin), Rue des Fonds 46, en qualit\u00E9 de g\u00E9rant non statutaire \u00E0 dater du vingt-sept d\u00E9cembre deux mille treize."
},
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"evidence_quote": "l\u0027assembl\u00E9e a d\u00E9cid\u00E9, \u00E0 l\u0027unanimit\u00E9 de nommer comme g\u00E9rant suppl\u00E9ant non statutaire: Monsieur Serge FERNANDEZ, domicili\u00E9 \u00E0 6850 Offagne (Paliseul), Rue de Bertrix, 31."
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}21-05-2014 1 director appointed, 1 resigning
- Olivier FERNANDEZ, Gedelegeerd bestuurder
- Serge FERNANDEZ, Gedelegeerd bestuurder
Technical details
{
"events": [
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"effective_date": "2013-12-27",
"evidence_quote": "L\u0027Assembl\u00E9e d\u00E9cide avec effet \u00E0 ce jour: d\u0027acter la d\u00E9mission de Monsieur Serge FERNANDEZ domicili\u00E9 rue de Bertrix, 31 \u00E0 6850 Offagne, \u00E0 la fonct\u00EDon de G\u00E9rant de la scci\u00E9t\u00E9"
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"evidence_quote": "de nommer Monsieur Olivier FERNANDEZ domicili\u00E9 rue des Fonds, 46 \u00E0 5170 Profondeville, \u00E0 la fonction de G\u00E9rant de la soci\u00E9t\u00E9. Son mandat aura une dur\u00E9e ind\u00E9termin\u00E9e et sera r\u00E9mun\u00E9r\u00E9."
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}| Legal nameFR | COMARDEN |