Equity
€41,239 ▲ 0.9%
COMBOR has made a profit without a break since 2021.
COMBOR
Lifetime
20 annual accounts with figures on one time axispeak €96,922 (2012)
€10,608▼ 32.0%
lowest -€25,095 (2011)
€373▼ 39.2%
peak €41,239 (2025)
€41,239▲ 0.9%
€87,502▼ 24.1%
Board2 names since 2012
2 directorsMathea Belgium NV and 1 other
Owners2 names in the annual accounts
100%MATHEA
Documentsfilings and deeds
30-08-202630 days late
2025micro format
Gross margin from €15,595 to €10,608Result from €614 to €373Debts from €115,254 to €87,502
Key points
from the 2025 annual accountsChecked score
85
Excellent
Financially stronger than 39% of micro companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024lowest value
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.2%▲ +0.1 percentage points vs 06-2025
08-2025: 0.3%▲ +0.1 percentage points vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.7%▲ +0.4 percentage points vs 07-2026highest value
09-2026: 0.3%▼ -0.4 percentage points vs 08-2026
10-2026: 0.3%● unchanged vs 09-2026
11-2026: 0.3%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Sector: Wholesale trade (NACE 46)
lowers risk
Founded in 2005
Size: total assets €128,742
Figures for financial year 2025 (filed on 30-08-2026)
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 46, micro). It does better than 42% of them on solvency, 20% on liquidity, 52% on profitability and 44% on growth.
The bankruptcy probability was computed on 09-11-2026 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 very low class on 30-06-2025, 0.1% 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, 17,041 companies had the same profile as COMBOR has now. Each dot stands for 43 companies, two years later.
94.4%
were still trading
4.9%
stopped another way
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of COMBOR itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,447 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 17,041 companies, not a prediction for COMBOR. 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 €3,500 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.15 (1.05 in 2024), below the usual 1.5. Short-term debt is 68% and cash 5.8% of total assets. 68% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 30 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
30 days late
2024
28 days late
2023
29 days late
2022
26 days early
2021
3 days early
2020
3 days late
2019
47 days late
← 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 15 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% 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 28 August (4 of the last 5 accounts filed within 31 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
MD
Matthijnssens Dorothea
Director, since 04-05-2012
- MATHEA 100%equity €7.1m (2025) · 2025 annual accounts of MATHEA
- MATHEA BELGIUM 100%equity €6.8m (2022) · 2022 annual accounts of MATHEA BELGIUM
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0878676280
Amendment of the articles · Legal-form change · Resignations & appointments
“Groot-en kleinhandel in industriële goederen; De ontwikkeling,design,productie,installatie en onderhoud van…” (deed in Dutch) · Gazette deed
First establishment
Hoog-Kallostraat 13, Beveren-Kruibeke-Zwijndrecht
Incorporation
published on 24-01-2006 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| COMBOR Beveren-Kruibeke-Zwijndrecht | €128,742 | €10,608 | 32.0% | - |
| ILS3 Benelux Erpe-Mere | €148,698 | €12,447 | 66.7% | - |
| INDUSTRIAL WELDING TECHNICS Asse | €153,328 | €13,829 | 56.9% | - |
| DAR-TOOLS Zoersel | €148,490 | €12,412 | 66.9% | - |
| K. PEERAER Antwerp | €113,402 | €8,333 | 39.7% | - |
| André Servais et fils Rochefort | €134,784 | €22,404 | 62.3% | - |
| ACB DISPLAYS INTERNATIONAL Kapellen | €79,249 | €9,005 | 13.0% | - |
These companies have the same main activity as COMBOR: wholesale of other machinery and equipment (NACE 46649). They are comparable in size and age: total assets between €79,200 and €153,000, founded between 2000 and 2009.
Official details
Source: KBO- Status
- Active since 28-12-2005Normal situation
- Activity
- Wholesale of other machinery and equipmentNACE 46649
- Establishment unit
- 2.151.189.3889120 Beveren-Kruibeke-Zwijndrecht, since 23-01-2006
- Financial year end
- 31 December
- Peppol
- Reachable since 29-12-2025
Insights on COMBOR
COMBOR files the micro format. That format states no turnover. The gross margin fell from €39,803 in 2006 to €10,608 in 2025.
MATHEA 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 COMBOR
- What is the company number of COMBOR?
- The company number of COMBOR is 0878.676.280. The VAT number is the same number with BE in front: BE 0878.676.280.
- Where is COMBOR based?
- The registered office is at Hoog-Kallostraat 13, 9120 Beveren-Kruibeke-Zwijndrecht.Company details
- What does COMBOR do?
- According to the KBO register, the main activity is wholesale of other machinery and equipment (NACE 46649).
- What is the legal form of COMBOR?
- COMBOR is a private limited company (BV).
- When was COMBOR founded?
- COMBOR was founded on 28-12-2005.
- Is COMBOR still active?
- Yes, COMBOR is an active enterprise in the KBO register.
- What is the turnover of COMBOR?
- The turnover in financial year 2025 is ≈ €130,000. This figure is estimated from the gross margin of €10,608 and 212 comparable companies (NACE 46). It probably lies between €64,000 and €340,000. It is a rough estimate.Financials
- Is COMBOR profitable?
- In financial year 2025, COMBOR made a profit of €373.
- Where can I find the annual accounts of COMBOR?
- COMBOR filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of COMBOR due?
- COMBOR must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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