COMBO//A2
ActiveSummary
COMBO//A2 has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €22,373 and a net result of -€620. Equity is growing by ~38.2% per year across the filed fiscal years. Its solvency ranks better than 77% of 11615 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability26▼-74
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity ample (current ratio 4.23 against 12.13 in 2023; short-term debt: 21.3% and cash: 42.9% of total assets), and 21.3% of the assets are financed with debt.
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Signals
Six 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
78.7%
Return on assets
-2.2%
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 25-06-2025, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
36 d early
2023
33 d early
2022
32 d early
2021
67 d early
2020
51 d early
2019
57 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 46 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, micro schema
Equity
€22,373▼ 2.7%
2023 · €22,993
Total assets
€28,417▲ 14.5%
2023 · €24,815
Net result
-€620
2023 · €10,306
Working capital
€19,510▼ 3.8%
2023 · €20,281
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€11,973▲ 28.5%-€3,505€3,254€11,372▲ 249%€1,222▼ 89.3%
Net result€11,857within the sector's middle half▲ 29.4%-€3,587below the sector's middle half€2,518within the sector's middle half€10,306within the sector's middle half▲ 309%-€620below the sector's middle half
Equity€13,756below the sector's middle half▲ 625%€10,169below the sector's middle half▼ 26.1%€12,687below the sector's middle half▲ 24.8%€22,993within the sector's middle half▲ 81.2%€22,373within the sector's middle half▼ 2.7%
Total assets€15,182below the sector's middle half▲ 347%€12,995below the sector's middle half▼ 14.4%€24,162below the sector's middle half▲ 85.9%€24,815below the sector's middle half▲ 2.7%€28,417below the sector's middle half▲ 14.5%
Debt€1,426▼ 5.0%€2,827▲ 98.2%€11,475▲ 306%€1,822▼ 84.1%€6,044▲ 232%
Working capital€13,569▲ 790%€10,169▼ 25.1%€9,345▼ 8.1%€20,281▲ 117%€19,510▼ 3.8%
Solvency90.6%above the sector's middle half78.2%above the sector's middle half▼ 12.4pp52.5%within the sector's middle half▼ 25.7pp92.7%above the sector's middle half▲ 40.1pp78.7%above the sector's middle half▼ 13.9pp
Staff (FTE)1
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 89% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €28,417
Fixed assets
€2,863 ▲ 5.6%
Current assets
€25,554 ▲ 15.6%
Equity and liabilities €28,417
Equity
€22,373 ▼ 2.7%
Debt
€6,044 ▲ 232%
Debt's share of the balance-sheet total rises from 7.3% to 21.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€2,139▼
2023 · €12,257
Cash flow
€298▼
2023 · €11,191
Current ratio
4.23▼
2023 · 12.13
Quick ratio
2.13▼
2023 · 6.99
Debt to equity
0.27▲
2023 · 0.08
ROE
-2.8%▼
2023 · 44.8%
ROA
-2.2%▼
2023 · 41.5%
Interest coverage
1.25▼
2023 · 11.50
Debt ≤ 1 year
€6,044▲
2023 · €1,822
Income taxes
€140
Staff costs
€7,542
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,304 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.6%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 12,304 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €7,542 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €187 | €187 | €114 | €885 | €918 | ▲ 3.6% |
| Other operating charges640/8 | - | €348 | €498 | €1,749 | €1,697 | ▼ 3.0% |
| Gross operating margin9900 | €12,507 | -€2,971 | €3,866 | €14,006 | €11,378 | ▼ 18.8% |
| Operating profit (loss)9901 | €11,973 | -€3,505 | €3,254 | €11,372 | €1,222 | ▼ 89.3% |
| Financial income75/76B | - | €0 | - | €0 | €13 | ▲ 13,250% |
| Recurring financial income75 | €125 | €0 | - | €0 | €13 | ▲ 13,250% |
| Financial charges65/66B | - | €82 | €736 | €1,066 | €1,715 | ▲ 60.9% |
| Recurring financial charges65 | €242 | €82 | €736 | €1,066 | €1,715 | ▲ 60.9% |
| Profit (loss) for the period before taxes9903 | €11,857 | -€3,587 | €2,518 | €10,306 | -€480 | ▼ 105% |
| Income taxes67/77 | - | - | - | - | €140 | - |
| Profit (loss) for the period9904 | €11,857 | -€3,587 | €2,518 | €10,306 | -€620 | ▼ 106% |
| Profit (loss) for the period to be appropriated9905 | €11,857 | -€3,587 | €2,518 | €10,306 | -€620 | ▼ 106% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €15,182 | €12,995 | €24,162 | €24,815 | €28,417 | ▲ 14.5% |
| Fixed assets21/28 | €187 | - | €3,342 | €2,712 | €2,863 | ▲ 5.6% |
| Tangible fixed assets22/27 | €187 | - | €2,542 | €1,657 | €1,808 | ▲ 9.1% |
| Furniture and vehicles24 | - | - | €2,542 | €1,657 | €1,808 | ▲ 9.1% |
| Financial fixed assets28 | - | - | €800 | €1,055 | €1,055 | = |
| Current assets29/58 | €14,995 | €12,995 | €20,820 | €22,103 | €25,554 | ▲ 15.6% |
| Stocks and contracts in progress3 | - | €3,407 | €10,564 | €9,373 | €12,673 | ▲ 35.2% |
| Stocks30/36 | - | €3,407 | €10,564 | €9,373 | €12,673 | ▲ 35.2% |
| Amounts receivable within one year40/41 | €4,205 | €320 | €4,235 | €845 | €356 | ▼ 57.8% |
| Trade receivables40 | - | €320 | €4,235 | €845 | €356 | ▼ 57.8% |
| Cash at bank and in hand54/58 | €10,790 | €9,268 | €5,934 | €11,627 | €12,191 | ▲ 4.9% |
| Deferred charges and accrued income490/1 | - | - | €87 | €258 | €334 | ▲ 29.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €15,182 | €12,995 | €24,162 | €24,815 | €28,417 | ▲ 14.5% |
| Equity10/15 | €13,756 | €10,169 | €12,687 | €22,993 | €22,373 | ▼ 2.7% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €4,393 | €3,773 | ▼ 14.1% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €2,533 | €1,913 | ▼ 24.5% |
| Profit (loss) carried forward14 | -€6,704 | -€10,291 | -€7,773 | - | - | - |
| Amounts payable17/49 | €1,426 | €2,827 | €11,475 | €1,822 | €6,044 | ▲ 232% |
| Amounts payable within one year42/48 | €1,426 | €2,827 | €11,475 | €1,822 | €6,044 | ▲ 232% |
| Trade debts44 | €491 | €299 | €493 | €1,413 | €868 | ▼ 38.6% |
| Suppliers440/4 | - | €299 | €493 | €1,413 | €868 | ▼ 38.6% |
| Taxes, remuneration and social security45 | - | €605 | €1,732 | €74 | €3,080 | ▲ 4,068% |
| Taxes450/3 | - | €5 | €1,732 | €74 | €2,066 | ▲ 2,696% |
| Remuneration and social security454/9 | - | €600 | - | - | €1,014 | - |
| Other amounts payable47/48 | - | €1,923 | €9,251 | €336 | €2,097 | ▲ 525% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,857 | -€3,587 | €2,518 | €10,306 | -€620 | ▼ 106% |
| + Depreciation and write-downs630 | €187 | €187 | €114 | €885 | €918 | ▲ 3.6% |
| Operating cash flow (approximation) | €12,044 | -€3,400 | €2,632 | €11,191 | €298 | ▼ 97.3% |
| Investment in fixed assets (approximation) | - | - | - | -€255 | -€1,069 | ▼ 319% |
| Change in cash | - | -€1,522 | -€3,335 | €5,693 | €564 | ▼ 90.1% |
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
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity times 7current ratio 12.13
Current ratio from 1.81 to 12.13; short-term debt falls from €11,475 to €1,822.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €2,518
Net result €2,518 after one loss-making year.
25-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
10-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €11,857 ▲29.4%
Operating result €11,973, net result €11,857, both a record.
31-12
Financial
Liquidity times 5current ratio 10.52
Current ratio from 2.02 to 10.52; short-term debt falls from €1,501 to €1,426.
04-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €9,163
Net result €9,163 after one loss-making year.
31-12
Financial
Liquidity times 7current ratio 2.02
Current ratio from 0.27 to 2.02; short-term debt falls from €10,887 to €1,501.
Show earlier events
31-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
23-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Sint-Gillis (bij-Brussel) · 2 establishment units since 2004
Ground area
393 m²
Building footprint
354 m²
Volume, LiDAR
5,613 m³
3 parcels, Brussels · tallest building 27.9 m, ±8 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
2 establishment units
COMBO//A2
since 20042.138.661.245
COMBO//A2
since 20242.353.986.892
3 parcels
Brussels
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21013B0349/00N003 | Brussels | 157 m² | 1 · 146 m² | 27.9 m · 8 fl. |
| 21447B0236/00D005 | Brussels | 124 m² | 1 · 112 m² | 20.3 m · 5 fl. |
| 21013B0316/02C003 | Brussels | 111 m² | 1 · 96 m² | 17.8 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.
Similar companies · same sector, comparable size
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ACTES - ARCHITECTES
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Of 18,250 companies in sector 71111 we hold annual accounts for 6,320. 4,623 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
Founded15-07-1998
Fiscal year end31-12
Activities, NACEBEL 2025
71111Activities of building architects
47551Retail sale of household furniture
47793Retail sale of other second-hand goods, excluding clothing
70200Business and other management consultancy
71112Activities of interior architects
74130Interior design
95240Repair and maintenance of furniture and upholstery
E-invoicing
Reachable via Peppol
Peppol ID
0208:0463836974
Also
9925:BE0463836974
Registered
29-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.