Equity
€743,133 from €3.7m in 2023
Equity fell by 80% in 2 years.
COMATE
Lifetime
15 annual accounts with figures on one time axispeak €4.2m (2020)
-not published
lowest -€2.2m (2025)
-€2.2m▼ €1.6m
peak €3.7m (2023)
€743,133▼ 74.6%
€6.7m▲ 4.3%
peak 72.9 FTE (2024)
60.2 FTE▼ 17.4%
Board11 names since 2017
5 directorsProject Mango and 4 others
Owners2 names in the annual accounts
100%Comate Holding
Documentsfilings and deeds
29-06-202632 days before the deadline
2025financial year
Turnover from €11.1m to €7.9mLoss of €2.2mStaff from 72.9 FTE to 60.2 FTEEquity from €2.9m to €743,133Cash from €536,338 to €329,977
Key points
from the 2025 annual accountsResult
-€2.2m ▼ 288%
The result fell in 2025 from -€561,791 to -€2.2m.
Debts
€6.7m 90% of the balance sheet
Financial debts 36%Suppliers 10%Taxes and wages 9%Other 45%
Of this, €5.1m falls due within a year.
Payment terms
61 days to suppliers
COMATE pays its suppliers 38 days later than in 2024. Customers pay 3 days earlier.
Board
1 joined · 2 left
Board changed. Latest change 22-04-2026 · 4 in office.
Position in the sector
-€2.2m
Lower net result than 95% of companies in architecture and engineering. Sector median €35,705 · 894 companies.
Checked score
53
Fair
Financially stronger than 10% of medium-sized companies in architecture and engineering (NACE 71)
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 166 companies (NACE 71, medium-sized).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025lowest value
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.4%▲ +0.1 percentage points vs 04-2025
06-2025: 0.4%● unchanged vs 05-2025
07-2025: 0.5%▲ +0.1 percentage points vs 06-2025
08-2025: 0.4%▼ -0.1 percentage points vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 1.2%▲ +0.8 percentage points vs 06-2026highest value
08-2026: 1.2%● unchanged vs 07-2026highest value
09-2026: 1.2%● unchanged vs 08-2026highest value
10-2026: 1.2%● unchanged vs 09-2026highest value
11-2026: 1.2%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Loss of €2.2m, the second in a row (financial year 2025)
Equity €743,133 (10.0% of total assets)
Liquidity: current ratio 0.36, cash €329,977
lowers risk
Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 71, medium-sized). It does better than 15% of them on solvency, 15% on liquidity, 2% on profitability and 6% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 766 companies had the same profile as COMATE has now. Each dot stands for 2 companies, two years later.
90.1%
were still trading
5.4%
stopped another way
3.7%
went bankrupt
Another 0.9% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of COMATE itself: 1.2% within 12 months.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 766 companies, not a prediction for COMATE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €35,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is insufficient, with a current ratio of 0.36 (0.68 in 2024), below 1. Short-term debt is 68.7% and cash 4.4% of total assets. 90% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€2.2m
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 892 sector peers (2025).
NBB · sector comparisonPosition among 892 sector peers
Solvency
better than 17%
← weakest
strongest →
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 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 days early
2024
28 days early
2023
21 days early
2022
41 days early
2021
8 days late
2020
31 days early
2019
24 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 24 days before the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 3 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
BC
BEVER CONSULTING BV
Director, Els Degroote, since 15-09-2025
- Comate Holding 100%score 93equity €10.5m (2025) · annual accounts 2025
Shares in 1 company, Comate Ventures
Board & ownershipRecent changes
Appointment: SJDB BV (CEO and director and day-to-day manager)
Permanent representative: Sebastian De Boer · Board meeting of 22-04-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0827793149
1 director appointed, 2 resignations
Resignations: Juleste Consulting BV (class A director) and ioberan BV (directeur belast met dagelijks bestuur) · Permanent representatives: Nathalie Baert, Els Degroote and Stefaan Motte · Appointment: Bever Consulting BV (class A director) · Board meeting of 01-10-2025 · Gazette deed
New chair of the board
Quilaudem BV appointed, Alychlo NV resigned · Permanent representatives: Wolf Vandekerckhove and Nathalie Van Den Haute · General meeting of 25-06-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| COMATE Leuven | €7.9m | -25.7% | 10.0% | 60.2 |
| Safety & Maintenance Company Ham | €6.4m | 8.4% | 26.2% | 61.6 |
| AVT EUROPE Essen | €15.7m | 2.8% | 21.5% | 60.1 |
| TERRA ENGINEERING & CONSULTANCY Zelzate | €11.4m | 12.5% | 40.4% | 43.8 |
| NALYS Woluwe-Saint-Pierre | €16.7m | -2.3% | 17.2% | 86 |
| Cegelec Fire Solutions Brussels | €19.2m | -0.2% | 22.7% | 69 |
| SOLID TALENT Ghent | €16.8m | 6.7% | 54.4% | 85.7 |
Grey: the largest companies of the sector (architecture and engineering (NACE 71)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as COMATE: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €5.5m and €11m, founded between 2006 and 2012.
Official details
Source: KBO- Status
- Active since 13-07-2010Normal situation
- Registered office
- 16 active companies are registered at this addressSource: KBO register, as of 11 November 2026.
- Activity
- Engineering and related technical consultancy, excluding land surveyorsNACE 71121and 4 others
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment units
- 2.190.130.1383000 Leuven, since 13-07-2010
- 2.357.617.0689000 Ghent, since 01-08-2023and 1 other
- Financial year end
- 31 December
- Peppol
- Reachable since 07-01-2026
Annual accounts 2025
- €7.4m▼ 20.4%
- Employeeson 31-12-2025
- 53▼ 29.3%
- Filing
- Filed on 29-06-2026, 32 days before the end of the filing period
Companies linked to COMATE
Parent and group
Insights on COMATE
COMATE has existed since 2010. In 2012 the gross margin rose from €160,447 to €341,845 and staff from 1.6 to 3.6 full-time equivalents.
Solvency fell in 2025 from 31.3% to 10.0% because of the loss and higher debts to suppliers.
Comate Holding holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about COMATE
- What is the company number of COMATE?
- The company number of COMATE is 0827.793.149. The VAT number is the same number with BE in front: BE 0827.793.149.
- Where is COMATE based?
- The registered office is at Karel van Lotharingenstraat 4, 3000 Leuven.Company details
- What does COMATE do?
- According to the KBO register, the main activity is engineering and related technical consultancy, excluding land surveyors (NACE 71121).
- What is the legal form of COMATE?
- COMATE is a private limited company (BV).
- When was COMATE founded?
- COMATE was founded on 13-07-2010.
- Is COMATE still active?
- Yes, COMATE is an active enterprise in the KBO register.
- How many employees does COMATE have?
- COMATE had an average of 60.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does COMATE fall under?
- In its 2025 annual accounts, COMATE states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of COMATE?
- The turnover of COMATE was €7.9m in financial year 2025, according to the filed annual accounts.
- Is COMATE profitable?
- In financial year 2025, COMATE made a loss of €2.2m.
- Where can I find the annual accounts of COMATE?
- COMATE filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of COMATE due?
- COMATE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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