COMARFO
The computed 12-month bankruptcy probability of COMARFO is 1.0% (low). The 2024 annual accounts show equity of €477k and a net result of €-588k. Equity is growing by ~8.7% per year across the filed fiscal years. The company has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €477k |
| Net result | €-588k |
| Active | 31 yrs |
| Locations | 1 |
Mixed profile: strong on stability, weaker on profitability.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →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).
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | €59k |
| Net profit | €-588k |
| Cash flow | €-493k |
| Staff costs | - |
| Income taxes | €2k |
| Dividends | - |
| Total assets | €2.16M |
| Equity | €477k |
| Debt | €1.46M |
| of which ≤ 1y | €227k |
| of which > 1y | €1.23M |
| Working capital | €113k |
| Employees (FTE) | 0.0 |
| 2024 | |
|---|---|
| Current ratio | 1.50 |
| Quick ratio | 1.50 |
| Working capital ratio | 5.2% |
| Solvency | 22.0% |
| Debt / equity | 3.06 |
| Long-term debt ratio | 2.59 |
| Interest coverage | 1.76 |
| Gross margin | - |
| Net margin | - |
| ROA | -27.2% |
| ROE | -123.4% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €2.16M |
| Fixed assets | 21/28 | €1.82M |
| Tangible fixed assets | 22/27 | €1.40M |
| Financial fixed assets | 28 | €422k |
| Current assets | 29/58 | €340k |
| Cash & bank | 54/58 | €55k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €2.16M |
| Equity | 10/15 | €477k |
| Contributions / capital | 10/11 | €24k |
| Reserves | 13 | €722k |
| Accumulated profits (losses) | 14 | €-269k |
| Provisions & deferred taxes | 16 | €227k |
| Amounts payable | 17/49 | €1.46M |
| Amounts payable after one year | 17 | €1.23M |
| Amounts payable within one year | 42/48 | €227k |
| Trade debts payable within one year | 44 | €13k |
| Income statement | ||
| Gross operating margin | 9900 | €92k |
| Operating result | 9901 | €-37k |
| Financial income | 75 | €8k |
| Financial charges | 65 | €33k |
| Result before taxes | 9903 | €-600k |
| Income taxes | 67/77 | €2k |
| Net result for the period | 9904 | €-588k |
| Result to be appropriated | 9905 | €-547k |
| NACE primary | - |
| Legal form | Private limited company(610) |
| Incorporation | 06-06-1995 |
| Status | Active |
| Postal code | 2000 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11802B2037/00L000 | Flanders | 1,536 m² | 1 · 548 m² | 24.7 m · 7 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
18-11-2024 Publication in the Belgian Official Gazette, Miscellaneous
Technical details
{
"stage": "completed",
"notary": {
"name": "Patrick Knevels",
"firm_city": null,
"firm_name": null,
"office_city": "Mortsel",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2024-11-18",
"filing_date": "2024-11-04",
"act_kind_objet": "BV: FUSIE DOOR OVERNEMING MET VEREENVOUDIGDE PROCEDURE"
},
"decision": {
"body": "algemene_vergadering",
"act_date": "2024-10-22",
"unanimous": true
},
"conversion": null,
"detected_kind": "merger_absorption",
"report_waiver": null,
"restructuring": {
"parties": [
{
"kbo": "0455.316.119",
"name": "COMARFO",
"role": "acquiring",
"address": "Kipdorp 39 bus 25 2000 Antwerpen",
"is_foreign": false,
"legal_form": "besloten vennootschap",
"is_new_company": false,
"jurisdiction_country": "BE"
},
{
"kbo": "0859.751.481",
"name": "Sgravenwesele",
"role": "absorbed",
"address": "Kiprdorp 39 bus 25 2000 Antwerpen",
"is_foreign": false,
"legal_form": "naamloze vennootschap",
"is_new_company": false,
"jurisdiction_country": "BE"
}
],
"exchange_ratio": null,
"legal_articles": [
"12:7",
"12:50"
],
"is_cross_border": false,
"is_silent_merger": true,
"balance_basis_date": null,
"exchange_ratio_text": null,
"new_shares_issued_n": null,
"real_estate_included": false,
"patrimony_description": "Het gehele vermogen van de overgenomen vennootschap zonder uitzondering noch voorbehoud gaat over op de overnemende vennootschap.",
"equity_transferred_eur": null,
"accounting_effective_date": "2024-01-01"
},
"subject_company": {
"kbo": "0455.316.119",
"name_full": "COMARFO",
"legal_form": "besloten vennootschap"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Patrick Knevels",
"org_rep_person_name": null
},
"summary_narrative": "De aandeelhouders van de besloten vennootschap COMARFO hebben met eenparigheid van stemmen besloten tot een fusie door overname volgens de vereenvoudigde procedure (geruisloze fusie). Hierbij neemt de vennootschap COMARFO de naamloze vennootschap Sgravenwesele over, waarbij het gehele vermogen van de overgenomen vennootschap zonder uitzondering overgaat. De overname is boekhoudkundig geacht te zijn uitgevoerd vanaf 1 januari 2024.",
"co_filed_documents": [
"afschrift"
],
"detected_real_type": "fusion_completed",
"referenced_correction": null,
"should_reroute_to_category": null
}11-07-2023 Registered office moved within Antwerpen
- Frankrijklei 156 bus 4-2000 Antwerpen → Kipdorp 39 bus 25 2000- Antwerpen
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "Kipdorp 39 bus 25 2000- Antwerpen",
"city": "Antwerpen",
"region": "vlaams_gewest",
"street": "Kipdorp",
"country": "BE",
"postcode": "2000",
"box_number": "25",
"street_number": "39",
"locality_suffix": null
},
"old_address": {
"raw": "Frankrijklei 156 bus 4-2000 Antwerpen",
"city": "Antwerpen",
"region": "vlaams_gewest",
"street": "Frankrijklei",
"country": "BE",
"postcode": "2000",
"box_number": "4-2000",
"street_number": "156",
"locality_suffix": null
},
"effective_date": "2023-07-01",
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "absolute",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": null,
"filing_date": "2023-06-28",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "enige_bestuurder",
"date": "2023-06-28",
"unanimous": null
},
"subject_company": {
"kbo": "0455.316.119",
"name_full": "COMARFO",
"legal_form": "BV"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Johanna Imbrechts",
"org_rep_person_name": null,
"person_role_at_subject": "Lasthebber"
},
"co_filed_documents": [
"publicatieformulieren 1 en 2"
]
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | COMARFO |