COMAREL
InactiveInactive; last annual accounts for fiscal year 2024.
Signals
1 signal. The signal on the left, the evidence on the right.
+raises risk
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-12-2025, 151 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2024
151 d late
2024
11 d early
2023
1 d early
2022
1 d early
2021
21 d late
2020
2 d early
2019
17 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 20 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€0
2020 · €0
EBIT margin
Not included in this filing
Net result
€1.5m▲ 265%
2024 · €423,483
Working capital
€6.2m▲ 33.2%
2024 · €4.7m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242024
Turnover€0
Operating result-€20,008=-€21,018▼ 5.0%-€20,233▲ 3.7%-€30,352▼ 50.0%€1,875-
Net result€1.5m▲ 390%€568,853▼ 63.1%€647,252▲ 13.8%€423,483▼ 34.6%€1.5m-
Equity€8.6m▲ 21.8%€9.2m▲ 6.6%€9.8m▲ 7.0%€10.3m▲ 4.3%€11.8m-
Total assets€8.6m▲ 17.1%€9.2m▲ 6.6%€9.8m▲ 7.1%€10.3m▲ 4.3%€11.8m-
Debt€15,618▼ 94.8%€15,486▼ 0.8%€17,010▲ 9.8%€15,847▼ 6.8%€19,669-
Working capital€3.0m▲ 80.4%€3.6m▲ 20.0%€4.2m▲ 18.8%€4.7m▲ 10.2%€6.2m-
Staff (FTE)0
Result per fiscal year
Operating resultNet result
Multiple fiscal year ends fall in the same calendar year; an annual trend is not displayed.
Balance-sheet composition
2024 in colour, 2024 as the grey bar beneath
Assets €11.8m
Fixed assets
€5.6m =
Current assets
€6.2m ▲ 33.3%
Equity and liabilities €11.8m
Equity
€11.8m ▲ 15.1%
Debt
€19,669 ▲ 24.1%
Debt's share of the balance-sheet total stays at 0.2%.
Key figures and ratios
EBITDA
€1,875▲
2024 · -€7,503
Cash flow
€1.5m▲
2024 · €446,332
Debt to equity
0.00▲
2024 · 0.00
ROE
13.1%▲
2024 · 4.1%
ROA
13.1%▲
2024 · 4.1%
Interest coverage
83.33▲
2024 · -166.73
Debt ≤ 1 year
€4,669▲
2024 · €847
Income taxes
€10,509▲
2024 · €6,177
A ratio outside any meaningful range has been withheld (balance sheet total €11.8m, equity €11.8m).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €15,376 | €19,591 | €19,591 | €8,946 | - |
| Turnover70 | €0 | - | - | - | - | - |
| Other operating income74 | - | €15,376 | €19,591 | €19,591 | €8,946 | - |
| Operating charges60/66A | - | €36,394 | €39,824 | €49,943 | €7,071 | - |
| Services and other goods61 | - | €10,245 | €14,145 | €23,813 | €4,649 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,788 | €23,214 | €23,214 | €22,849 | €0 | - |
| Other operating charges640/8 | - | €2,935 | €2,465 | €3,281 | €2,422 | - |
| Operating profit (loss)9901 | -€20,008 | -€21,018 | -€20,233 | -€30,352 | €1,875 | - |
| Financial income75/76B | - | €595,494 | €669,341 | €460,057 | €1.6m | - |
| Recurring financial income75 | €1.6m | €595,494 | €669,341 | €460,057 | €1.6m | - |
| Income from financial fixed assets750 | - | €589,186 | €668,426 | €374,831 | €1.5m | - |
| Income from current assets751 | - | €6,308 | €915 | €72,726 | €9,510 | - |
| Other financial income752/9 | - | - | €0 | €12,500 | €0 | - |
| Financial charges65/66B | - | €5,229 | €1,585 | €45 | €23 | - |
| Recurring financial charges65 | €107 | €5,229 | €1,585 | €45 | €23 | - |
| Debt charges650 | €37 | - | - | - | - | - |
| Other financial charges652/9 | - | €5,229 | €1,585 | €45 | €23 | - |
| Profit (loss) for the period before taxes9903 | €1.5m | €569,247 | €647,523 | €429,660 | €1.6m | - |
| Income taxes67/77 | €4,333 | €394 | €271 | €6,177 | €10,509 | - |
| Taxes670/3 | - | €4,094 | €274 | €16,781 | €10,509 | - |
| Tax adjustments and reversals of tax provisions77 | - | €3,700 | €3 | €10,604 | €0 | - |
| Profit (loss) for the period9904 | €1.5m | €568,853 | €647,252 | €423,483 | €1.5m | - |
| Profit (loss) for the period to be appropriated9905 | €1.5m | €568,853 | €647,252 | €423,483 | €1.5m | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €8.6m | €9.2m | €9.8m | €10.3m | €11.8m | - |
| Formation expenses20 | €0 | - | - | - | - | - |
| Fixed assets21/28 | €5.7m | €5.6m | €5.6m | €5.6m | €5.6m | - |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €558,765 | €518,164 | €494,950 | €472,101 | €472,101 | - |
| Land and buildings22 | - | €517,711 | €494,906 | €472,101 | €472,101 | - |
| Plant, machinery and equipment23 | - | €453 | €44 | €0 | - | - |
| Financial fixed assets28 | €5.1m | €5.1m | €5.1m | €5.1m | €5.1m | - |
| Companies linked by participating interests282/3 | - | €5.1m | €5.1m | €5.1m | €5.1m | - |
| Participating interests282 | - | €5.1m | €5.1m | €5.1m | €5.1m | - |
| Current assets29/58 | €3.0m | €3.6m | €4.2m | €4.7m | €6.2m | - |
| Amounts receivable after more than one year29 | - | €400,000 | €350,000 | €250,000 | €200,000 | - |
| Other amounts receivable291 | - | €400,000 | €350,000 | €250,000 | €200,000 | - |
| Stocks and contracts in progress3 | - | €0 | €0 | €0 | €0 | - |
| Amounts receivable within one year40/41 | - | €1,450 | €0 | €260,330 | €453,074 | - |
| Other amounts receivable41 | - | €1,450 | €0 | €260,330 | €453,074 | - |
| Current investments50/53 | €561,440 | €431,540 | €431,540 | €430,100 | €430,100 | - |
| Other investments51/53 | - | €431,540 | €431,540 | €430,100 | €430,100 | - |
| Cash at bank and in hand54/58 | €2.0m | €2.7m | €3.5m | €3.7m | €5.1m | - |
| Deferred charges and accrued income490/1 | - | €2,118 | €2,228 | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €8.6m | €9.2m | €9.8m | €10.3m | €11.8m | - |
| Equity10/15 | €8.6m | €9.2m | €9.8m | €10.3m | €11.8m | - |
| Contributions10/11 | €2.3m | €2.3m | €2.3m | €2.3m | €2.3m | - |
| Capital10 | - | €2.3m | €2.3m | €2.3m | €2.3m | - |
| Issued capital100 | - | €2.3m | €2.3m | €2.3m | €2.3m | - |
| Reserves13 | €6.3m | €6.9m | €7.6m | €8.0m | €9.5m | - |
| Non-distributable reserves130/1 | - | €227,000 | €227,000 | €227,000 | €227,000 | - |
| Legal reserve130 | - | €227,000 | €227,000 | €227,000 | €227,000 | - |
| Distributable reserves133 | - | €6.7m | €7.3m | €7.8m | €9.3m | - |
| Profit (loss) carried forward14 | €39 | €80 | €32 | €15 | €382 | - |
| Amounts payable17/49 | €15,618 | €15,486 | €17,010 | €15,847 | €19,669 | - |
| Amounts payable within one year42/48 | €14,750 | €14,618 | €17,010 | €847 | €4,669 | - |
| Financial debts43 | - | €12,500 | €12,500 | €0 | - | - |
| Credit institutions430/8 | - | €12,500 | €12,500 | €0 | - | - |
| Trade debts44 | - | €2,118 | €4,510 | €847 | €1,419 | - |
| Suppliers440/4 | - | €2,118 | €4,510 | €847 | €1,419 | - |
| Taxes, remuneration and social security45 | - | €0 | - | - | €3,250 | - |
| Taxes450/3 | - | €0 | - | - | €3,250 | - |
| Accrued charges and deferred income492/3 | - | €868 | €0 | €15,000 | €15,000 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.5m | €568,853 | €647,252 | €423,483 | €1.5m | - |
| + Depreciation and write-downs630 | €23,788 | €23,214 | €23,214 | €22,849 | €0 | - |
| Operating cash flow (approximation) | €1.6m | €592,067 | €670,466 | €446,332 | €1.5m | - |
| Investment in fixed assets (approximation) | - | €17,388 | €0 | -€31,000 | - | - |
| Change in cash | - | €738,317 | €723,330 | €257,507 | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
29-12
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 151 days late
20-01
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2019net €1.5m ▲265%
Operating result €1,875, net result €1.5m, both a record.
30-06
Financial
Liquidity times 22current ratio 5495.46
Current ratio from 249.29 to 5495.46; short-term debt falls from €17,010 to €847.
30-06
Financial
Equity above €10mEq €10.3m ▲4.3%
6 profitable years in a row build equity to €10.3m.
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
21-02
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 21 days late
2021
30-06
Financial
Liquidity times 6current ratio 201.80
Current ratio from 34.57 to 201.80; short-term debt falls from €48,926 to €14,750.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
14-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
11-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
26-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Structure & network
Owners and holdings
7 holdingsOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 7
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50%
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50%
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50%
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50%
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50%
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49.92%
-
49.58%
According to the 2024 annual accounts of COMAREL and those of the other companies, the acts in the Belgian Gazette and the LEI register. 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 fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
967600H576F042VF6M34