COMASE
ActiveCOMASE has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €572k and a net result of €43k. Equity is growing by ~8.8% per year across the filed fiscal years. Its solvency ranks better than 34% of 3181 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
76
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72▼-2
Solvency59▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity tight (current ratio 1.42 against 1.36 in 2024; short-term debt: 41.2% and cash: 25.5% of total assets), and 65.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
34.2%
Return on assets
2.6%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-05-2026, 80 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
80 d early
2024
28 d early
2023
54 d early
2022
67 d early
2021
11 d early
2020
53 d early
2019
78 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€43k▼ 34.4%
2024 · €65k
2018: €36k
2019: €22k
2020: €33k
2021: €33k
2022: €84k
2023: €60k
2024: €65k
2018 → 2025
Working capital
€291k▲ 24.2%
2024 · €234k
2018: €296k
2019: €316k
2020: €335k
2021: €337k
2022: €271k
2023: €184k
2024: €234k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€375k-€400k▲ 6.8%€449k▲ 12.3%€507k▲ 12.8%€572k▲ 12.9%
Operating result€46k-€117k▲ 153%€90k▼ 22.9%€105k▲ 17.3%€72k▼ 31.5%
Net result€33k-€84k▲ 155%€60k▼ 28.2%€65k▲ 7.9%€43k▼ 34.4%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 31% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.67M
Fixed assets
€693k▼ 1.1%
Current assets
€981k▲ 11.8%
Equity and liabilities €1.67M
Equity
€572k▲ 12.9%
Debt
€1.10M▲ 2.9%
The debt ratio falls from 67.9% to 65.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€156k▼
2024 · €178k
Cash flow
€126k▼
2024 · €137k
Solvency
34.2%▲
2024 · 32.1%
Current ratio
1.42▲
2024 · 1.36
Quick ratio
1.42▲
2024 · 1.36
Debt / equity
1.92▼
2024 · 2.11
ROE
7.5%▼
2024 · 12.8%
ROA
2.6%▼
2024 · 4.1%
Interest coverage
8.46▼
2024 · 10.10
Debt
€1.10M▲
2024 · €1.07M
Debt ≤ 1 year
€690k▲
2024 · €643k
Debt > 1 year
€378k▼
2024 · €394k
Income taxes
€17k▼
2024 · €24k
Staff costs
€289k▲
2024 · €191k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.58M€1.67M▲
Fixed assets21/28€701k€693k▼
Intangible fixed assets21-€0
Tangible fixed assets22/27€701k€693k▼
Land and buildings22€565k€534k▼
Furniture and vehicles24€135k€159k▲
Financial fixed assets28€200€200=
Current assets29/58€877k€981k▲
Amounts receivable within one year40/41€395k€536k▲
Trade receivables40€394k€530k▲
Other amounts receivable41€1k€6k▲
Cash at bank and in hand54/58€466k€427k▼
Deferred charges and accrued income490/1€15k€18k▲
Equity and liabilities
Total equity and liabilities10/49€1.58M€1.67M▲
Equity10/15€507k€572k▲
Contributions10/11€150k€150k=
Capital10€150k€150k=
Issued capital100€150k€150k=
Reserves13€23k€23k=
Non-distributable reserves130/1€15k€15k=
Legal reserve130€15k€15k=
Distributable reserves133€8k€8k=
Profit (loss) carried forward14€334k€374k▲
Investment grants15-€25k
Amounts payable17/49€1.07M€1.10M▲
Amounts payable after more than one year17€394k€378k▼
Financial debts170/4€394k€378k▼
Amounts payable within one year42/48€643k€690k▲
Current portion of amounts payable after more than one year42€56k€67k▲
Trade debts44€499k€571k▲
Suppliers440/4€499k€571k▲
Advances received on contracts in progress46€57k€22k▼
Taxes, remuneration and social security45€23k€27k▲
Taxes450/3€664€3k▲
Remuneration and social security454/9€22k€23k▲
Other amounts payable47/48€8k€4k▼
Accrued charges and deferred income492/3€34k€33k▼
Income statement
Code20242025
Remuneration, social security and pensions62€191k€289k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€72k€84k▲
Other operating charges640/8€8k€9k▲
Non-recurring operating charges66A-€86
Gross operating margin9900€377k€454k▲
Operating profit (loss)9901€105k€72k▼
Financial income75/76B€1k€6k▲
Recurring financial income75€1k€6k▲
Financial charges65/66B€18k€18k▲
Recurring financial charges65€18k€18k▲
Profit (loss) for the period before taxes9903€89k€60k▼
Income taxes67/77€24k€17k▼
Profit (loss) for the period9904€65k€43k▼
Profit (loss) for the period to be appropriated9905€65k€43k▼
Appropriation of the result
Profit (loss) to be appropriated9906€341k€376k▲
Profit (loss) brought forward from the previous period14P€276k€334k▲
Profit to be distributed694/7€7k€3k▼
Employees696€7k€3k▼
Social balance
Average headcount (FTE)90873.04.3▲
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
12-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Equity above €500kEq €507k ▲12.8%
7 profitable years in a row build equity to €507k.
07-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
25-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €84k ▲155%
Operating result €117k, net result €84k, both a record.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
08-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
14-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €22k ▼41%
Net result drops to €22k, the lowest in the series; recovery starts the following year.
14-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
13 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Charleroi · 1 establishment unit since 1991
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Avenue Eugène Mascaux 726001 CharleroiGround area
698 m²
Building footprint
207 m²
Volume, LiDAR
1,870 m³
Parcel 52393B0072/00R003, Wallonia · tallest building 10.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Avenue Eugène Mascaux 72, 6001 Charleroi
since 19912.050.891.388
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52393B0072/00R003 | Wallonia | 698 m² | 1 · 207 m² | 10.8 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
European Union, budget
2025 · 1 entry · 6,464 EUR in total| Year | Entries | awarded |
|---|---|---|
| 2025 | 1 | 6,464 EUR |
Projects
SCS6-EEAS/2021/OP/0050-RM.SCS.6/2025/10-COMASE SYSTÈME DE MANAGEMENT ENVIRONNEMENTAL (SME) - BON DE COMMANDE N. 4
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Of 82,570 companies in sector 70200 we hold annual accounts for 52,573. 33,520 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded14-12-1990
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:comase@comase.com
Phone:0442365431