COMATE
ActiveSummary
COMATE has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.9m and a net result of -€561,791. Equity is growing by ~32.4% per year across the filed fiscal years. Its solvency ranks better than 38% of 1117 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability41▼-39
Solvency56▼-3
Growth63▼-22
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €160,000 at 30 days acceptable
Liquidity short (current ratio 0.68 against 0.51 in 2023; short-term debt: 43.8% and cash: 5.7% of total assets), and 68.7% of the assets are financed with debt.
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Signals
Five 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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
31.3%
Return on assets
-6%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-07-2025, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
28 d early
2023
21 d early
2022
41 d early
2021
8 d late
2020
31 d early
2019
24 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 23 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
€11.1m▼ 7.5%
2023 · €12.0m
EBIT margin
-2.2%▼ 12.2pp
2023 · 10.1%
Net result
-€561,791
2023 · €538,326
Working capital
-€1.3m▲ 61.9%
2023 · -€3.4m
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
Line20202021202220232024
Turnover€8.4m€12.0m▲ 43.0%€11.1m▼ 7.5%
Operating result€881,510▲ 34.2%€788,225▼ 10.6%€1.1m▲ 39.2%€1.2m▲ 10.2%-€244,582
Net result€634,833▲ 35.8%€576,002▼ 9.3%€1.8m▲ 208%€538,326▼ 69.6%-€561,791
EBIT margin13.0%10.1%▼ 3.0pp-2.2%▼ 12.2pp
Equity€1.8m▲ 52.3%€1.9m▲ 4.1%€3.4m▲ 79.1%€3.7m▲ 8.4%€2.9m▼ 21.7%
Total assets€2.7m▲ 18.4%€3.6m▲ 31.9%€11.4m▲ 218%€10.9m▼ 4.4%€9.3m▼ 14.0%
Debt€857,549▼ 19.9%€1.6m▲ 91.9%€7.9m▲ 381%€7.1m▼ 10.0%€6.4m▼ 9.9%
Working capital€1.6m▲ 58.8%€1.4m▼ 13.3%-€4.9m-€3.4m▲ 29.6%-€1.3m▲ 61.9%
Staff (FTE)39.5▲ 15.5%46▲ 16.5%56▲ 21.7%68.8▲ 22.9%72.9▲ 6.0%
Why a figure moved sharply
- 2023 Net result -70% on 2022. Cause not known from the registers.
- 2022 Net result +208% on 2021. The accounts now follow the full schema, last year the abbreviated schema.
- 2022 Equity +79%, Total assets +218% on 2021. Cause not known from the registers.
- 2020 Equity +52% on 2019. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €244,582 after €1.2m in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €9.3m
Fixed assets
€6.6m ▼ 9.1%
Current assets
€2.8m ▼ 23.6%
Equity and liabilities €9.3m
Equity
€2.9m ▼ 21.7%
Debt
€6.4m ▼ 9.9%
Debt's share of the balance-sheet total rises from 65.6% to 68.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€712,969▼
2023 · €2.2m
Cash flow
€395,760▼
2023 · €1.5m
Current ratio
0.68▲
2023 · 0.51
Debt to equity
2.20▲
2023 · 1.91
ROE
-19.2%▼
2023 · 14.4%
ROA
-6.0%▼
2023 · 5.0%
Interest coverage
3.24▼
2023 · 12.50
Debt ≤ 1 year
€4.1m▼
2023 · €7.1m
Debt > 1 year
€2.0m▲
2023 · €52,912
Income taxes
€117,427▼
2023 · €493,057
Staff costs
€6.5m▲
2023 · €6.3m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 245 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 90% are still going.
- Medium-sized
- 10 to 20 years old
- solvency 30% or more
- a small loss
1.2%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 245 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | €9.1m | €13.3m | €12.5m | ▼ 6.2% |
| Turnover70 | - | - | €8.4m | €12.0m | €11.1m | ▼ 7.5% |
| Own construction capitalised72 | - | - | - | €181,686 | €235,371 | ▲ 29.5% |
| Other operating income74 | - | - | €665,400 | €1.1m | €1.1m | ▲ 1.1% |
| Operating charges60/66A | - | - | €8.0m | €12.1m | €12.7m | ▲ 5.1% |
| Goods for resale, raw materials and consumables60 | - | - | €2.2m | €2.3m | €2.4m | ▲ 4.1% |
| Purchases600/8 | - | - | €2.2m | €2.3m | €2.4m | ▲ 4.1% |
| Services and other goods61 | - | - | €1.4m | €2.6m | €2.6m | ▲ 1.5% |
| Remuneration, social security and pensions62 | - | €3.2m | €4.2m | €6.3m | €6.5m | ▲ 2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €146,862 | €158,923 | €195,291 | €942,787 | €957,551 | ▲ 1.6% |
| Other operating charges640/8 | - | €23,960 | €7,783 | €26,562 | €42,040 | ▲ 58.3% |
| Non-recurring operating charges66A | - | €20,000 | - | - | €290,702 | - |
| Gross operating margin9900 | €4.2m | €4.1m | - | - | - | - |
| Operating profit (loss)9901 | €881,510 | €788,225 | €1.1m | €1.2m | -€244,582 | ▼ 120% |
| Financial income75/76B | - | €1,728 | €1.0m | €5,821 | €22,849 | ▲ 293% |
| Recurring financial income75 | €7,896 | €1,728 | €1.0m | €5,821 | €22,849 | ▲ 293% |
| Income from financial fixed assets750 | - | - | €1.0m | €0 | - | - |
| Income from current assets751 | - | - | €609 | €21 | €0 | ▼ 100% |
| Other financial income752/9 | - | - | €26,363 | €5,801 | €22,849 | ▲ 294% |
| Financial charges65/66B | - | €11,924 | €50,833 | €183,225 | €222,632 | ▲ 21.5% |
| Recurring financial charges65 | €6,355 | €11,924 | €50,833 | €183,225 | €222,632 | ▲ 21.5% |
| Debt charges650 | - | - | €50,833 | €172,154 | €219,836 | ▲ 27.7% |
| Other financial charges652/9 | - | - | - | €11,070 | €2,796 | ▼ 74.7% |
| Profit (loss) for the period before taxes9903 | €883,052 | €778,029 | €2.1m | €1.0m | -€444,365 | ▼ 143% |
| Income taxes67/77 | €248,218 | €202,027 | €301,642 | €493,057 | €117,427 | ▼ 76.2% |
| Taxes670/3 | - | - | €301,642 | €493,114 | €117,427 | ▼ 76.2% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €56 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €634,833 | €576,002 | €1.8m | €538,326 | -€561,791 | ▼ 204% |
| Profit (loss) for the period to be appropriated9905 | €634,833 | €576,002 | €1.8m | €538,326 | -€561,791 | ▼ 204% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.7m | €3.6m | €11.4m | €10.9m | €9.3m | ▼ 14.0% |
| Fixed assets21/28 | €387,450 | €709,483 | €8.7m | €7.2m | €6.6m | ▼ 9.1% |
| Intangible fixed assets21 | €62,935 | €72,032 | €85,470 | €6.6m | €6.0m | ▼ 8.6% |
| Tangible fixed assets22/27 | €324,514 | €483,311 | €450,559 | €487,144 | €391,525 | ▼ 19.6% |
| Plant, machinery and equipment23 | - | €3,026 | €1,971 | €108,475 | €96,149 | ▼ 11.4% |
| Furniture and vehicles24 | - | €433,086 | €402,075 | €283,960 | €175,846 | ▼ 38.1% |
| Other tangible fixed assets26 | - | €47,200 | €46,512 | €94,709 | €119,530 | ▲ 26.2% |
| Financial fixed assets28 | - | €154,140 | €8.2m | €150,545 | €150,545 | = |
| Affiliated companies280/1 | - | - | €8.2m | €150,000 | €150,000 | = |
| Participating interests280 | - | - | €8.2m | €150,000 | €150,000 | = |
| Other financial fixed assets284/8 | - | - | €8,050 | €545 | €545 | = |
| Amounts receivable and cash guarantees285/8 | - | - | €8,050 | €545 | €545 | = |
| Current assets29/58 | €2.3m | €2.9m | €2.7m | €3.6m | €2.8m | ▼ 23.6% |
| Amounts receivable after more than one year29 | - | €1,000 | €950 | €900 | €850 | ▼ 5.6% |
| Other amounts receivable291 | - | €1,000 | €950 | €900 | €850 | ▼ 5.6% |
| Stocks and contracts in progress3 | - | - | - | €0 | €0 | - |
| Amounts receivable within one year40/41 | €763,632 | €1.2m | €1.6m | €3.5m | €2.0m | ▼ 41.6% |
| Trade receivables40 | - | €1.1m | €1.6m | €3.3m | €1.9m | ▼ 44.3% |
| Other amounts receivable41 | - | €133,491 | €18,491 | €143,806 | €175,073 | ▲ 21.7% |
| Current investments50/53 | €199,934 | €199,934 | - | - | - | - |
| Cash at bank and in hand54/58 | €1.1m | €1.3m | €925,839 | €30,352 | €536,338 | ▲ 1,667% |
| Deferred charges and accrued income490/1 | - | €84,581 | €100,614 | €123,088 | €207,737 | ▲ 68.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.7m | €3.6m | €11.4m | €10.9m | €9.3m | ▼ 14.0% |
| Equity10/15 | €1.8m | €1.9m | €3.4m | €3.7m | €2.9m | ▼ 21.7% |
| Contributions10/11 | - | €20,460 | €20,460 | €20,460 | €20,460 | = |
| Reserves13 | €436,807 | €436,807 | €436,807 | €436,807 | €436,807 | = |
| Distributable reserves133 | - | €436,807 | €436,807 | €436,807 | €436,807 | = |
| Profit (loss) carried forward14 | €1.4m | €1.5m | €3.0m | €3.3m | €2.5m | ▼ 24.8% |
| Amounts payable17/49 | €857,549 | €1.6m | €7.9m | €7.1m | €6.4m | ▼ 9.9% |
| Amounts payable after more than one year17 | €159,923 | €192,247 | €128,138 | €52,912 | €2.0m | ▲ 3,616% |
| Financial debts170/4 | - | €192,247 | €128,138 | €52,912 | €2.0m | ▲ 3,616% |
| Credit institutions173 | - | - | €128,138 | €52,912 | €6,317 | ▼ 88.1% |
| Other loans174 | - | - | - | - | €2.0m | - |
| Amounts payable within one year42/48 | €688,632 | €1.4m | €7.5m | €7.1m | €4.1m | ▼ 42.2% |
| Current portion of amounts payable after more than one year42 | - | €133,930 | €128,863 | €75,226 | €46,595 | ▼ 38.1% |
| Financial debts43 | - | - | €3.3m | €2.9m | €440,000 | ▼ 85.0% |
| Credit institutions430/8 | - | - | €3.3m | €2.9m | €440,000 | ▼ 85.0% |
| Trade debts44 | €282,047 | €392,348 | €741,578 | €636,775 | €315,671 | ▼ 50.4% |
| Suppliers440/4 | - | €392,348 | €741,578 | €636,775 | €315,671 | ▼ 50.4% |
| Taxes, remuneration and social security45 | - | €400,864 | €603,264 | €892,101 | €806,574 | ▼ 9.6% |
| Taxes450/3 | - | €54,293 | €91,302 | €169,477 | €107,213 | ▼ 36.7% |
| Remuneration and social security454/9 | - | €346,571 | €511,962 | €722,624 | €699,361 | ▼ 3.2% |
| Other amounts payable47/48 | - | €521,202 | €2.8m | €2.5m | €2.5m | ▼ 2.1% |
| Accrued charges and deferred income492/3 | - | €5,402 | €244,826 | €0 | €364,822 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €634,833 | €576,002 | €1.8m | €538,326 | -€561,791 | ▼ 204% |
| + Depreciation and write-downs630 | €146,862 | €158,923 | €195,291 | €942,787 | €957,551 | ▲ 1.6% |
| Operating cash flow (approximation) | €781,696 | €734,924 | €2.0m | €1.5m | €395,760 | ▼ 73.3% |
| Investment in fixed assets (approximation) | - | -€480,957 | -€8.2m | €530,077 | -€297,136 | ▼ 156% |
| Change in cash | - | €193,054 | -€415,541 | -€895,487 | €505,986 | ▲ 157% |
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
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet -€561,791
Net result drops to -€561,791, the lowest in the series.
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €1.8m ▲208%
Net result €1.8m, the highest in the series.
31-12
Financial
Equity above €2mEq €3.4m ▲79.1%
5 profitable years in a row build equity to €3.4m.
08-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 8 days late
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
06-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Equity above €1mEq €1.2m ▲62.6%
2 profitable years in a row build equity to €1.2m.
07-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
01-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 1 day late
2017
02-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 2 days late
2016
25-03
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 15 acts read
About the unread acts
We know of 15 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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Directors · office · real estate
Directors
15 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, Leuven · 3 establishment units since 2010
Ground area
2.7 ha
Building footprint
4,355 m²
Volume, LiDAR
59,212 m³
3 parcels, Flanders · tallest building 32.4 m, ±9 floors. Linked by address, not a title deed.
16
companies at this address
See who is registered here
3 establishment units
Karel van Lotharingenstraat 4, 3000 Leuven
since 20102.190.130.138
Moutstraat 70, 9000 Gent
since 20232.357.617.068
Wijgmaalsesteenweg 6, 3012 Leuven
since 20242.357.617.167
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44808H0324/00F000 | Flanders | 2.0 ha | 1 · 1,372 m² | 32.4 m · 9 fl. |
| 24126C0073/00G004 | Flanders | 4,964 m² | 1 · 2,493 m² | 7.3 m · 2 fl. |
| 24062A1082/00T000 | Flanders | 1,248 m² | 1 · 491 m² | 16.4 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Part of the group
ALYCHLO
52 companies
Group, risk and exposure
Owners and holdings
1 owner · 1 holdingChain of control
- ALYCHLO
- Comate Holding
- COMATE
Highest known parent: ALYCHLO. The sources do not say who stands above it.
Owners 1
- Comate Holdingparent100%
Holdings 1
- Comate VenturessubsidiaryEquity €139,558Result -€4,316100%
According to the 2024 annual accounts of COMATE 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 31,452 EUR awarded · 31,452 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | -3,482 EUR | 13,431 EUR |
| 2024 | 1 | 33,826 EUR | 16,913 EUR |
| 2022 | 1 | 1,108 EUR | 1,108 EUR |
European Union, budget
2025 · 1 entry · 783,940 EUR in total| Year | Entries | awarded |
|---|---|---|
| 2025 | 1 | 783,940 EUR |
Projects
ACTION GRANT
European research
1 project · 783,939 EUR EU contributionProgrammes
Projects
preFabricated deep Renovation with a modulAr Intelligent fraMe driven by autOmated and stReamlined worKflows
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Of 11,577 companies in sector 71121 we hold annual accounts for 6,563. 1,856 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded13-07-2010
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
63920Other information service activities
70200Business and other management consultancy
73200Market research and public opinion polling
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0827793149
Also
9925:BE0827793149
Registered
07-01-2026
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.