COMAVOR
ActiveCOMAVOR is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €3.83M and a net result of €440k. Equity is growing by ~4.5% per year across the filed fiscal years. Its solvency ranks better than 38% of 5491 sector peers (fiscal year 2025). The company has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 03-04-2026, 27 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
27 d early
2024
40 d early
2023
49 d early
2022
34 d early
2021
18 d early
2020
32 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
13-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema, statutory
Equity
€3.83M▼ 66.7%
2024 · €11.49M
2019: €8.44M
2020: €9.33M
2021: €9.86M
2022: €9.30M
2023: €10.65M
2024: €11.49M
2019 → 2025
Net result
€440k▼ 69.4%
2024 · €1.44M
2019: €967k
2020: €1.69M
2021: €1.28M
2022: €88k
2023: €2.56M
2024: €1.44M
2019 → 2025
Total assets
€10.09M▼ 41.9%
2024 · €17.36M
2019: €10.79M
2020: €11.71M
2021: €15.00M
2022: €17.34M
2023: €18.06M
2024: €17.36M
2019 → 2025
Solvency
37.9%▼ 28.3pp
2024 · 66.2%
2019: 78.2%
2020: 79.6%
2021: 65.7%
2022: 53.6%
2023: 59.0%
2024: 66.2%
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€2.51M-€1.61M▼ 35.8%€1.90M▲ 17.9%€1.76M▼ 7.2%
Equity€9.86M-€9.30M▼ 5.7%€10.65M▲ 14.6%€11.49M▲ 7.9%€3.83M▼ 66.7%
Operating result€22k-€556k▲ 2,398%€714k▲ 28.4%€620k▼ 13.2%€551k▼ 11.0%
Net result€1.28M-€88k▼ 93.1%€2.56M▲ 2,803%€1.44M▼ 43.7%€440k▼ 69.4%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 11% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10.09M
Fixed assets
€7.37M▼ 47.1%
Current assets
€2.72M▼ 21.0%
Equity and liabilities €10.09M
Equity
€3.83M▼ 66.7%
Provisions
€3k▼ 63.9%
Debt
€6.26M▲ 6.8%
The debt ratio rises from 33.8% to 62.0%: debt grows while equity shrinks.
Key figures and ratios
Solvency
37.9%▼
2024 · 66.2%
ROE
11.5%▼
2024 · 12.5%
ROA
4.4%▼
2024 · 8.3%
Debt
€6.26M▲
2024 · €5.86M
Debt ≤ 1 year
€3.42M▲
2024 · €1.77M
Debt > 1 year
€2.83M▼
2024 · €4.08M
Income taxes
€138k▲
2024 · €35k
Staff costs
€0▼
2024 · €518k
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€17.36M€10.09M▼
Fixed assets21/28€13.92M€7.37M▼
Tangible fixed assets22/27€7.69M€7.37M▼
Land and buildings22€7.60M€7.35M▼
Furniture and vehicles24€65k€0▼
Other tangible fixed assets26€26k€20k▼
Financial fixed assets28€6.23M€2k▼
Affiliated companies280/1€6.23M-
Participating interests280€6.23M-
Other financial fixed assets284/8€2k-
Amounts receivable and cash guarantees285/8€2k-
Current assets29/58€3.44M€2.72M▼
Stocks and contracts in progress3€0-
Amounts receivable within one year40/41€543k€490k▼
Trade receivables40€211k€219k▲
Other amounts receivable41€332k€272k▼
Current investments50/53€2.87M€847k▼
Other investments51/53€2.87M-
Cash at bank and in hand54/58€24k€1.38M▲
Deferred charges and accrued income490/1€2k€0▼
Equity and liabilities
Total equity and liabilities10/49€17.36M€10.09M▼
Equity10/15€11.49M€3.83M▼
Contributions10/11€1.26M€503k▼
Capital10€1.26M€503k▼
Issued capital100€1.26M€503k▼
Reserves13€10.20M€3.31M▼
Non-distributable reserves130/1€175k€70k▼
Legal reserve130€175k€70k▼
Tax-exempt reserves132€437k€34k▼
Distributable reserves133€9.59M€3.21M▼
Profit (loss) carried forward14-€0
Investment grants15€27k€10k▼
Provisions and deferred taxes16€9k€3k▼
Deferred taxes168€9k€3k▼
Amounts payable17/49€5.86M€6.26M▲
Amounts payable after more than one year17€4.08M€2.83M▼
Financial debts170/4€4.08M€2.83M▼
Credit institutions173€4.08M-
Amounts payable within one year42/48€1.77M€3.42M▲
Current portion of amounts payable after more than one year42€754k€268k▼
Trade debts44€128k€24k▼
Suppliers440/4€128k€24k▼
Taxes, remuneration and social security45€79k€17k▼
Taxes450/3€4k€17k▲
Remuneration and social security454/9€75k€0▼
Other amounts payable47/48€810k€3.12M▲
Accrued charges and deferred income492/3€13k€7k▼
Income statement
Code20242025
Operating income70/76A€1.78M-
Turnover70€1.76M-
Other operating income74€17k-
Non-recurring operating income76A-€13k
Operating charges60/66A€1.16M-
Services and other goods61€288k-
Remuneration, social security and pensions62€518k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€282k€260k▼
Other operating charges640/8€74k€76k▲
Gross operating margin9900-€888k
Operating profit (loss)9901€620k€551k▼
Financial income75/76B€914k€65k▼
Recurring financial income75€914k€65k▼
Income from financial fixed assets750€864k-
Income from current assets751€46k-
Other financial income752/9€4k-
Financial charges65/66B€59k€38k▼
Recurring financial charges65€59k€38k▼
Debt charges650€57k-
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651€0-
Other financial charges652/9€2k-
Profit (loss) for the period before taxes9903€1.47M€578k▼
Transfer from deferred taxes780€874€349▼
Income taxes67/77€35k€138k▲
Taxes670/3€35k-
Profit (loss) for the period9904€1.44M€440k▼
Transfer from tax-exempt reserves789-€141k
Transfer to tax-exempt reserves689€84k€0▼
Profit (loss) for the period to be appropriated9905€1.36M€581k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.36M€581k▼
Transfer from equity791/2-€619k
Transfer to equity691/2€756k€0▼
To other reserves6921€756k€0▼
Profit to be distributed694/7€600k€1.20M▲
Return on contributions (dividend)694€600k€1.20M▲
Social balance
Average headcount (FTE)90876.50.0▼
The notes to these accounts (24 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
03-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
28-05
NBB filing
Annual accounts filed
fiscal year 2024 · consolidated
21-03
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
06-05
NBB filing
Annual accounts filed
fiscal year 2023 · consolidated
12-03
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-09
Financial
Highest result since 2019net €2.56M ▲2803%
Net result €2.56M, the highest in the series.
30-09
Financial
Equity above €10MEq €10.65M ▲14.6%
5 profitable years in a row build equity to €10.65M.
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · consolidated
27-03
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · consolidated
30-09
Financial
Weakest financial yearnet €88k ▼93.1%
Net result drops to €88k, the lowest in the series; recovery starts the following year.
12-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
14-04-2025
Resigned as Director
Location & real-estate footprint
Registered office, Wuustwezel · 1 establishment unit since 1998
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.
Wuustwezelseweg 952990 WuustwezelGround area
3,152 m²
Building footprint
862 m²
Volume, LiDAR
8,526 m³
Parcel 11026E0988/00L000, Flanders · tallest building 11.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
COMAVOR
since 19982.087.707.838
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11026E0988/00L000 | Flanders | 3,152 m² | 1 · 862 m² | 11.4 m · 4 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
Flemish government
2022 to 2025 · 4 entries · 3,782 EUR awarded · 3,562 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 880 EUR | 880 EUR |
| 2024 | 1 | 1,816 EUR | 1,623 EUR |
| 2023 | 1 | 592 EUR | 565 EUR |
| 2022 | 1 | 494 EUR | 494 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
Houtvezelland Bioflam
BE 0445.601.964
Dessel · Eq €3.83M
Econopolis
BE 0812.046.188
Antwerpen · Eq €3.82M
ROCAF
BE 0439.262.520
Antwerpen · Eq €3.83M
DECURA PHARMA
BE 0817.127.010
Oostende · Eq €3.83M
SEALINE MANAGEMENT
BE 0894.601.108
Zedelgem · Eq €3.81M
Of 24,640 companies in sector 64210 we hold annual accounts for 19,693. 8,940 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-07-1998
Fiscal year end30-09
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
74151
64910Financial service activities, except insurance and pension funding
65210
70200Business and other management consultancy
70220Business consulting
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.