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COMBORI

Active
Public limited companyfounded 1938active for 88 yearsBlancefloerlaan 179A, 2050 Antwerpen, Belgium20 active companies are registered at this addressKBO/BCE: BE 0404.936.002
Summary

COMBORI has been active since 1938 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €60.7m and a net result of €1.3m. Equity remains stable across the filed financial years (±2.1% per year). Its solvency ranks better than 85% of 6,141 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Activity
Wholesale trade
NACE 46841
3 sites
Size
€30.4mturnover 2025
Staff
35.9 FTE
Equity
€60.7m
Profit
€1.3m
Financial health
93 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Structure
Parent
Fabory Masters in Fasteners BV · 99.99%
Holdings
1
Auditor: BDO Bedrijfsrevisoren bv2025 accounts 29 days early5 of 35 deeds summarised
Why 93raises riskLiquidity: current ratio 2.50lowers riskSize: turnover €30.4m, 35.9 FTE, total assets €75.8mFounded in 1938Equity €60.7m (80.1% of total assets)Show the evidence

Checked score

Score 2025
93 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 68% of its sector peers (NACE 46, small)
Financial strength · tick = 2024
Strong
Solvency 100=
equity 80.1% of total assets
Liquidity 88-12
short-term debt 19.7%
Profitability 60+3
return on assets 1.7%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (4,374 companies, NACE 46, small)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 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 06-2025highest value 08-2025: 0.1%▼ -0.1 percentage points vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026lowest value 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026
Credit of up to €3,000,000 on 30-day terms is acceptable
Liquidity ample (current ratio 2.5, compared with 5.01 in 2024, above the usual 1.5; short-term debt: 19.7% of total assets), and 19.9% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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, small): better than 92% on solvency, 96% on liquidity, 45% on profitability and 38% on growth.

The bankruptcy probability was computed on 26-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Size: turnover €30.4m, 35.9 FTE, total assets €75.8m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 2.50
NBB · annual accounts
lowers risk · Founded in 1938
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Equity €60.7m (80.1% of total assets)
NBB · annual accounts
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 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
29 days early
2024
27 days early
2023
29 days early
2022
27 days early
2021
2 days early
2020
23 days early
2019
18 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 22 days before the deadline; the sector median (NACE 46) for financial year 2024 is 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 4 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
26-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Resignation: René PIT (niet statutaire bestuurder…Appointment: Vincent SPELBOS (director) ·…
  3. Reappointment: BDO Bedrijfsrevisoren BV (statutory auditor)Permanent representative: Hennie Herijgers ·…

Financials · financial year 2025, full format

Turnover
€30.4m▼ 3.8%
2024 · €31.6m
EBIT margin
4.2%▲ 0.4pp
2024 · 3.7%
Net result
€1.3m▲ 11.0%
2024 · €1.2m
Working capital
€22.4m▲ 5.6%
2024 · €21.3m
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result recovers in 2025; 2025 is 7% above 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Turnover€30.4m 2025 Operating result€1.3m 2025 Net result€1.3m 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Turnover€25.4m-€24.8m▼ 2.3%€23.8m▼ 4.3%€28.6m▲ 20.4%€36.1m▲ 26.3%€38.7m▲ 7.2%€31.6m▼ 18.4%€30.4m▼ 3.8%
Operating result€2.4m-€1.4m▼ 42.1%€0.4m▼ 69.2%€1.2m▲ 177%€1.4m▲ 18.8%€1.6m▲ 10.8%€1.2m▼ 25.2%€1.3m▲ 7.0%
Net result€2.3m-€1.4m▼ 40.1%€0.5mabove the sector's middle half▼ 63.4%-€13.8mbelow the sector's middle half€1.0mabove the sector's middle half€1.1mabove the sector's middle half▲ 5.9%€1.2mabove the sector's middle half▲ 5.9%€1.3mabove the sector's middle half▲ 11.0%
EBIT margin9.6%-5.7%▼ 3.9pp1.8%▼ 3.9pp4.2%▲ 2.4pp3.9%▼ 0.2pp4.1%▲ 0.1pp3.7%▼ 0.3pp4.2%▲ 0.4pp
Equity€68.1m-€69.5m▲ 2.0%€70.0mabove the sector's middle half▲ 0.7%€56.1mabove the sector's middle half▼ 19.8%€57.2mabove the sector's middle half▲ 1.9%€58.3mabove the sector's middle half▲ 1.9%€59.4mabove the sector's middle half▲ 2.0%€60.7mabove the sector's middle half▲ 2.2%
Total assets€69.9m-€71.5m▲ 2.3%€72.6mabove the sector's middle half▲ 1.5%€64.4mabove the sector's middle half▼ 11.3%€61.8mabove the sector's middle half▼ 3.9%€64.3mabove the sector's middle half▲ 3.9%€64.9mabove the sector's middle half▲ 0.9%€75.8mabove the sector's middle half▲ 16.8%
Debt€1.8m-€2.0m▲ 10.9%€2.4m▲ 21.7%€8.3m▲ 247%€4.5m▼ 45.1%€5.9m▲ 31.0%€5.4m▼ 9.0%€15.1m▲ 179%
Working capital€15.1m-€16.5m▲ 9.1%€17.2mabove the sector's middle half▲ 4.0%€18.2mabove the sector's middle half▲ 5.8%€19.0mabove the sector's middle half▲ 4.7%€20.1mabove the sector's middle half▲ 5.5%€21.3mabove the sector's middle half▲ 5.8%€22.4mabove the sector's middle half▲ 5.6%
Solvency97.3%-97.1%▼ 0.2pp96.4%above the sector's middle half▼ 0.7pp87.2%above the sector's middle half▼ 9.2pp92.4%above the sector's middle half▲ 5.3pp90.6%above the sector's middle half▼ 1.8pp91.6%above the sector's middle half▲ 0.9pp80.1%above the sector's middle half▼ 11.5pp
Current ratio10.17-9.90▼ 0.268.56above the sector's middle half▼ 1.353.24above the sector's middle half▼ 5.315.33above the sector's middle half▲ 2.094.42above the sector's middle half▼ 0.915.01above the sector's middle half▲ 0.592.50within the sector's middle half▼ 2.51
Return on assets (ROA)3.3%-1.9%▼ 1.4pp0.7%within the sector's middle half▼ 1.2pp-21.5%below the sector's middle half▼ 22.2pp1.7%within the sector's middle half▲ 23.2pp1.7%within the sector's middle half=1.8%within the sector's middle half▲ 0.1pp1.7%within the sector's middle half▼ 0.1pp
Staff (FTE)42.1-40.4▼ 4.0%38.5above the sector's middle half▼ 4.7%35.2above the sector's middle half▼ 8.6%37.9above the sector's middle half▲ 7.7%41.6above the sector's middle half▲ 9.8%38.4above the sector's middle half▼ 7.7%35.9above the sector's middle half▼ 6.5%
above within below the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €75.8m
Fixed assets €38.4m ▲ 0.3%
Current assets €37.4m ▲ 40.8%
Equity and liabilities €75.8m
Equity €60.7m ▲ 2.2%
Provisions €0 ▼ 100%
Debt €15.1m ▲ 179%
Debt's share of the balance-sheet total rises from 8.3% to 19.9%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€1.4m▲
2024 · €1.3m
Cash flow
€1.4m▲
2024 · €1.3m
Quick ratio
2.28▼
2024 · 4.34
Debt to equity
0.25▲
2024 · 0.09
ROE
2.1%▲
2024 · 2.0%
Interest coverage
6.74▲
2024 · 5.54
Debt ≤ 1 year
€14.9m▲
2024 · €5.3m
Income taxes
€459,342▲
2024 · €419,314
Staff costs
€3.7m▲
2024 · €3.7m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 79 lines
Balance sheet Code20242025
Assets
Total assets20/58€64.9m€75.8m▲
Fixed assets21/28€38.3m€38.4m▲
Tangible fixed assets22/27€0.2m€0.3m▲
Land and buildings22-€0.05m
Plant, machinery and equipment23€0.09m€0.1m▲
Furniture and vehicles24€0.1m€0.1m▼
Financial fixed assets28€38.1m€38.2m▲
Affiliated companies280/1€38.0m€38.0m=
Participating interests280€38.0m€38.0m=
Other financial fixed assets284/8€0.1m€0.2m▲
Amounts receivable and cash guarantees285/8€0.1m€0.2m▲
Current assets29/58€26.6m€37.4m▲
Stocks and contracts in progress3€3.6m€3.3m▼
Stocks30/36€3.6m€3.3m▼
Goods purchased for resale34€3.2m€3.2m▼
Advance payments36€0.4m€0.1m▼
Amounts receivable within one year40/41€22.5m€33.6m▲
Trade receivables40€9.7m€9.7m=
Other amounts receivable41€12.8m€23.9m▲
Deferred charges and accrued income490/1€0.5m€0.5m▼
Equity and liabilities
Total equity and liabilities10/49€64.9m€75.8m▲
Equity10/15€59.4m€60.7m▲
Contributions10/11€87.5m€87.5m=
Capital10€27.6m€27.6m=
Issued capital100€27.6m€27.6m=
Contributions outside capital11€59.9m€59.9m=
Share premium1100/10€59.9m€59.9m=
Reserves13€3.3m€3.3m=
Non-distributable reserves130/1€0.3m€0.3m=
Legal reserve130€0.3m€0.3m=
Tax-exempt reserves132€0.4m€0.4m=
Distributable reserves133€2.7m€2.7m=
Profit (loss) carried forward14-€31.3m-€30.0m▲
Provisions and deferred taxes16€0.05m-
Provisions for liabilities and charges160/5€0.05m-
Other liabilities and charges164/5€0.05m-
Amounts payable17/49€5.4m€15.1m▲
Amounts payable within one year42/48€5.3m€14.9m▲
Current portion of amounts payable after more than one year42€0.001m-
Financial debts43€2.7m€7.6m▲
Credit institutions430/8€2.7m€7.6m▲
Trade debts44€1.6m€6.4m▲
Suppliers440/4€1.6m€6.4m▲
Taxes, remuneration and social security45€1.0m€0.9m▼
Taxes450/3€0.5m€0.5m▼
Remuneration and social security454/9€0.5m€0.5m▼
Accrued charges and deferred income492/3€0.1m€0.2m▲
Income statement Code20242025
Operating income70/76A€32.5m€31.3m▼
Turnover70€31.6m€30.4m▼
Other operating income74€0.9m€0.9m▲
Operating charges60/66A€31.3m€30.0m▼
Goods for resale, raw materials and consumables60€20.0m€19.2m▼
Purchases600/8€19.9m€19.1m▼
Change in stocks: decrease (increase)609€0.1m€0.03m▼
Services and other goods61€7.4m€7.0m▼
Remuneration, social security and pensions62€3.7m€3.7m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.1m€0.1m▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0.06m€0.004m▼
Provisions for liabilities and charges: additions (uses and reversals)635/8-€0.03m-€0.05m▼
Other operating charges640/8€0.02m€0.02m▼
Operating profit (loss)9901€1.2m€1.3m▲
Financial income75/76B€0.9m€0.7m▼
Recurring financial income75€0.9m€0.7m▼
Income from financial fixed assets750€147-
Income from current assets751€0.8m€0.7m▼
Other financial income752/9€0.1m€0.02m▼
Non-recurring financial income76B€0.03m-
Financial charges65/66B€0.5m€0.2m▼
Recurring financial charges65€0.5m€0.2m▼
Debt charges650€0.2m€0.2m▼
Other financial charges652/9€0.3m€0.04m▼
Profit (loss) for the period before taxes9903€1.6m€1.8m▲
Income taxes67/77€0.4m€0.5m▲
Taxes670/3€0.4m€0.5m▲
Profit (loss) for the period9904€1.2m€1.3m▲
Profit (loss) for the period to be appropriated9905€1.2m€1.3m▲
Appropriation of the result
Profit (loss) to be appropriated9906-€31.3m-€30.0m▲
Profit (loss) brought forward from the previous period14P-€32.5m-€31.3m▲
Social balance sheet
Average headcount (FTE)908738.435.9▼

The notes to these accounts (61 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Operating income70/76A€26.7m--€29.7m€37.4m€40.0m€32.5m€31.3m▼ 3.6%
Turnover70€25.4m€24.8m€23.8m€28.6m€36.1m€38.7m€31.6m€30.4m▼ 3.8%
Other operating income74€1.3m--€1.1m€1.3m€1.3m€0.9m€0.9m▲ 1.5%
Operating charges60/66A€24.3m--€28.5m€36.0m€38.4m€31.3m€30.0m▼ 4.0%
Goods for resale, raw materials and consumables60€17.7m--€20.5m€24.6m€25.8m€20.0m€19.2m▼ 4.4%
Purchases600/8€18.0m--€20.3m€25.6m€26.2m€19.9m€19.1m▼ 3.8%
Change in stocks: decrease (increase)609-€0.3m--€0.2m-€1.0m-€0.4m€0.1m€0.03m▼ 78.6%
Services and other goods61€3.4m--€5.0m€7.5m€8.5m€7.4m€7.0m▼ 4.7%
Remuneration, social security and pensions62€3.4m--€3.3m€3.6m€4.1m€3.7m€3.7m▲ 0.6%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.06m€0.06m€0.07m€0.07m€0.1m€0.09m€0.1m€0.1m▲ 22.8%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0.05m---€0.2m-€0.03m-€0.04m€0.06m€0.004m▼ 93.5%
Provisions for liabilities and charges: additions (uses and reversals)635/8-€0.03m---€0.2m€0.2m-€0.08m-€0.03m-€0.05m▼ 100%
Other operating charges640/8€0.03m--€0.03m€0.02m€0.02m€0.02m€0.02m▼ 2.9%
Non-recurring operating charges66A-€0.3m--------
Operating profit (loss)9901€2.4m€1.4m€0.4m€1.2m€1.4m€1.6m€1.2m€1.3m▲ 7.0%
Financial income75/76B€0.09m--€0.2m€0.3m€0.7m€0.9m€0.7m▼ 22.6%
Recurring financial income75€0.09m€0.1m€0.1m€0.2m€0.3m€0.7m€0.9m€0.7m▼ 19.7%
Income from financial fixed assets750----€2€106€147--
Income from current assets751€0.07m--€0.2m€0.3m€0.7m€0.8m€0.7m▼ 12.7%
Other financial income752/9€0.01m--€0.005m€0.01m€0.01m€0.1m€0.02m▼ 77.4%
Non-recurring financial income76B€0.003m-----€0.03m--
Financial charges65/66B€0.09m--€15.1m€0.3m€0.7m€0.5m€0.2m▼ 55.3%
Recurring financial charges65€0.09m€0.09m€0.08m€0.1m€0.3m€0.7m€0.5m€0.2m▼ 55.3%
Debt charges650€0.01m€0.04m€0.03m€0.04m€0.1m€0.3m€0.2m€0.2m▼ 11.1%
Other financial charges652/9€0.07m--€0.07m€0.2m€0.5m€0.3m€0.04m▼ 88.4%
Non-recurring financial charges66B---€15.0m€0.001m----
Profit (loss) for the period before taxes9903€2.4m€1.4m€0.5m-€13.7m€1.4m€1.5m€1.6m€1.8m▲ 10.6%
Income taxes67/77€0.1m€0.04m-€0.01m€0.1m€0.4m€0.4m€0.4m€0.5m▲ 9.5%
Taxes670/3€0.1m--€0.1m€0.4m€0.4m€0.4m€0.5m▲ 9.5%
Tax adjustments and reversals of tax provisions77€17--------
Profit (loss) for the period9904€2.3m€1.4m€0.5m-€13.8m€1.0m€1.1m€1.2m€1.3m▲ 11.0%
Profit (loss) for the period to be appropriated9905€2.3m€1.4m€0.5m-€13.8m€1.0m€1.1m€1.2m€1.3m▲ 11.0%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€69.9m€71.5m€72.6m€64.4m€61.8m€64.3m€64.9m€75.8m▲ 16.8%
Fixed assets21/28€53.1m€53.1m€53.1m€38.1m€38.4m€38.3m€38.3m€38.4m▲ 0.3%
Tangible fixed assets22/27€0.1m€0.1m€0.1m€0.07m€0.3m€0.2m€0.2m€0.3m▲ 18.2%
Land and buildings22-------€0.05m-
Plant, machinery and equipment23€0.07m--€0.05m€0.05m€0.08m€0.09m€0.1m▲ 29.0%
Furniture and vehicles24€0.004m--€0.01m€0.2m€0.2m€0.1m€0.1m▼ 24.6%
Leasing and similar rights25€0.008m---€0.09m----
Other tangible fixed assets26€0.04m--€0.005m-----
Assets under construction and advance payments27----€0.03m----
Financial fixed assets28€53.0m€53.0m€53.0m€38.0m€38.1m€38.1m€38.1m€38.2m▲ 0.2%
Affiliated companies280/1€53.0m--€38.0m€38.0m€38.0m€38.0m€38.0m=
Participating interests280€53.0m--€38.0m€38.0m€38.0m€38.0m€38.0m=
Other financial fixed assets284/8€0.03m--€0.04m€0.08m€0.09m€0.1m€0.2m▲ 53.2%
Amounts receivable and cash guarantees285/8€0.03m--€0.04m€0.08m€0.09m€0.1m€0.2m▲ 53.2%
Current assets29/58€16.8m€18.4m€19.5m€26.3m€23.4m€26.0m€26.6m€37.4m▲ 40.8%
Stocks and contracts in progress3€2.0m€2.4m€2.1m€2.2m€3.3m€3.7m€3.6m€3.3m▼ 6.5%
Stocks30/36€2.0m--€2.2m€3.3m€3.7m€3.6m€3.3m▼ 6.5%
Goods purchased for resale34€1.8m--€2.0m€3.0m€3.4m€3.2m€3.2m▼ 0.6%
Advance payments36€0.2m--€0.2m€0.3m€0.3m€0.4m€0.1m▼ 60.3%
Amounts receivable within one year40/41€14.5m€15.9m€16.8m€23.6m€20.1m€21.6m€22.5m€33.6m▲ 49.3%
Trade receivables40€5.8m--€6.3m€12.5m€9.9m€9.7m€9.7m=
Other amounts receivable41€8.7m--€17.3m€7.6m€11.8m€12.8m€23.9m▲ 86.9%
Current investments50/53€0.06m€0.06m-------
Other investments51/53€0.06m--------
Cash at bank and in hand54/58€0.001m€0.002m€0.06m------
Deferred charges and accrued income490/1€0.3m--€0.5m€0.07m€0.6m€0.5m€0.5m▼ 7.3%
Equity and liabilities
Total equity and liabilities10/49€69.9m€71.5m€72.6m€64.4m€61.8m€64.3m€64.9m€75.8m▲ 16.8%
Equity10/15€68.1m€69.5m€70.0m€56.1m€57.2m€58.3m€59.4m€60.7m▲ 2.2%
Contributions10/11€27.6m€27.6m€27.6m€87.5m€87.5m€87.5m€87.5m€87.5m=
Capital10€27.6m--€27.6m€27.6m€27.6m€27.6m€27.6m=
Issued capital100€27.6m--€27.6m€27.6m€27.6m€27.6m€27.6m=
Contributions outside capital11€59.9m--€59.9m€59.9m€59.9m€59.9m€59.9m=
Share premium1100/10---€59.9m€59.9m€59.9m€59.9m€59.9m=
Reserves13€3.3m€3.3m€3.3m€3.3m€3.3m€3.3m€3.3m€3.3m=
Non-distributable reserves130/1---€0.3m€0.3m€0.3m€0.3m€0.3m=
Legal reserve130€0.3m--€0.3m€0.3m€0.3m€0.3m€0.3m=
Tax-exempt reserves132€0.4m--€0.4m€0.4m€0.4m€0.4m€0.4m=
Distributable reserves133€2.7m--€2.7m€2.7m€2.7m€2.7m€2.7m=
Profit (loss) carried forward14-€22.7m-€21.3m-€20.8m-€34.6m-€33.6m-€32.5m-€31.3m-€30.0m▲ 4.1%
Provisions and deferred taxes16€0.09m€0.1m€0.2m-€0.2m€0.08m€0.05m--
Provisions for liabilities and charges160/5€0.09m---€0.2m€0.08m€0.05m--
Pensions and similar obligations160€0.09m--------
Other liabilities and charges164/5----€0.2m€0.08m€0.05m--
Amounts payable17/49€1.8m€2.0m€2.4m€8.3m€4.5m€5.9m€5.4m€15.1m▲ 179%
Amounts payable after more than one year17€0.003m---€0.03m----
Financial debts170/4€0.003m---€0.03m----
Leasing and similar obligations172€0.003m---€0.03m----
Amounts payable within one year42/48€1.7m€1.9m€2.3m€8.1m€4.4m€5.9m€5.3m€14.9m▲ 182%
Current portion of amounts payable after more than one year42€0.005m---€0.04m€0.04m€0.001m--
Financial debts43---€4.2m€2.0m€3.1m€2.7m€7.6m▲ 183%
Credit institutions430/8---€4.2m€2.0m€3.1m€2.7m€7.6m▲ 183%
Trade debts44€1.0m€1.2m€1.4m€2.8m€1.2m€1.6m€1.6m€6.4m▲ 290%
Suppliers440/4€1.0m--€2.8m€1.2m€1.6m€1.6m€6.4m▲ 290%
Taxes, remuneration and social security45€0.6m--€1.0m€1.2m€1.2m€1.0m€0.9m▼ 3.3%
Taxes450/3€0.3m--€0.5m€0.5m€0.5m€0.5m€0.5m▼ 3.8%
Remuneration and social security454/9€0.4m--€0.5m€0.6m€0.7m€0.5m€0.5m▼ 2.8%
Accrued charges and deferred income492/3€0.1m--€0.2m€0.1m€0.08m€0.1m€0.2m▲ 38.4%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€2.3m€1.4m€0.5m-€13.8m€1.0m€1.1m€1.2m€1.3m▲ 11.0%
+ Depreciation and write-downs630€0.06m€0.06m€0.07m€0.07m€0.1m€0.09m€0.1m€0.1m▲ 22.8%
Operating cash flow (approximation)€2.4m€1.4m€0.6m-€13.8m€1.1m€1.2m€1.3m€1.4m▲ 12.0%
Investment in fixed assets (approximation)--€0.06m-€0.05m€15.0m-€0.4m-€288-€0.1m-€0.2m▼ 109%
Change in cash-€0.001m€0.05m------

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 49 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 full format 02-07-2026 2026-00249382
31-12-2024 full format 04-07-2025 2025-00249651
31-12-2023 full format 02-07-2024 2024-00209533
31-12-2022 full format 04-07-2023 2023-00215162
31-12-2021 full format 29-07-2022 2022-20258873
31-12-2020 full format 08-07-2021 2021-33200172
31-12-2019 full format 13-07-2020 2020-30400300
31-12-2018 full format 28-06-2019 2019-26600264
31-12-2017 full format 09-07-2018 2018-32100574
31-12-2016 full format 03-07-2017 2017-28100309

Show all 49 filings

Similar companies · same sector, comparable size

Of the 497 active companies whose main activity is wholesale trade (NACE 46841), figures are known for 364. 35 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts

2 awards · 2024 to 2026
Visserie: 0000719964 - 1
buyer: Infrabel nvConstruction structures and materialsawarded 02-03-2026€3.2m2 tendersTED 171930-2026
Marché pluriannuel (72 mois) de fournitures à bordereau de prix pour l’acquisition de quincaillerie au profit de la Défense.
buyer: Ministerie van DefensieConstruction structures and materialsawarded 03-01-2024€636,3632 tendersTED 11348-2024

Source: TED (Tenders Electronic Daily), Publications Office of the European Union. Values as the buyer published them; for a framework agreement, a ceiling.

Directors

Directors
1 director, 1 in day-to-day management, last change in 2025

Board 1

Vincent SPELBOS
Director · since 01-11-2025
Current

Day-to-day management 1

Vincent SPELBOS
Managing director · since 01-11-2025
Current

Statutory auditor 1

BDO Bedrijfsrevisoren bv
Auditor · since 22-01-2026 · permanent representative: Hennie Herijgers
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
30 of this company's 35 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.

Mandate history

3 people since 2025, 2 in office
Show
  • Board
  • Day-to-day management
  • Statutory auditor
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Vincent SPELBOS
  • Director, from 01-11-2025 to date
  • Managing director, from 01-11-2025 to date
BDO Bedrijfsrevisoren bv
  • Auditor, from 22-01-2026 to date
René PIT
  • Niet statutaire bestuurder, gedelegeerd bestuurder, until 01-11-2025
  • Niet statutaire bestuurder, gedelegeerd bestuurder, until 01-11-2025
See the board, name and registered office on a given date →

Owners and capital

Owners

3 owners

Chain of control

  1. Borstlap Masters in Fasteners Group BVNL consolidates
  2. Fabory Masters in Fasteners BVNL 99.99%
  3. COMBORI

Highest known parent: Borstlap Masters in Fasteners Group BV (Netherlands). The sources do not say who stands above it.

Owners 3

According to the 2025 annual accounts of COMBORI and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.

Capital and shareholders

Capital over the years
  1. 22-01-2026 Capital stated in the deed · €23,821,661.66 · 74,982 shares

Group and network

Holdings and subsidiaries

1 holding

Holdings 1

According to the 2025 annual accounts of COMBORI and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.

Connections & network

1 current director
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

History

On 1 August 1938, COMBORI was incorporated.1 Turnover went from €25.4m in 2018 to €30.4m in 2025 and headcount from 42.1 to 35.9 full-time equivalents.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2025

Acts, filings and financial milestones

Next filing, financial year 2026, expected by 31-07-2027
2026
02-07
NBB filing Annual accounts filed
financial year 2025 · full format
05-05
Gazette deed Resignation: René PIT (niet statutaire bestuurder, gedelegeerd bestuurder)
Appointment: Vincent SPELBOS (director) · Director discharge · Power of attorney9 facts ▸
  • General meeting, 09-03-2026
  • Director resignation, René PIT (niet statutaire bestuurder, gedelegeerd bestuurder)
  • Director discharge, René PIT
  • Director appointment, Vincent SPELBOS (director)
  • Power of attorney
  • Power of attorney, Bart GOOSSENS (2 times)
  • Power of attorney, Laura BUFFEL (2 times)
  • Board meeting, 09-03-2026
  • Director appointment, Vincent SPELBOS (managing director)
22-01
Gazette deed Reappointment: BDO Bedrijfsrevisoren BV (statutory auditor)
Permanent representative: Hennie Herijgers · Reserve release · Capital decrease6 facts ▸
  • General meeting, “2050 Antwerpen-Linkeroever,Blancefloerlaan 179A, Antwerpen (afdeling Antwerpen)” (deed in Dutch)
  • Reserve release, “onbeschikbaar gestelde uitgiftepremies buiten kapitaal, volledig beschikbaar stellen” (deed in Dutch)
  • Capital decrease
  • Capital, €23,821,661.66
  • Auditor reappointment, BDO Bedrijfsrevisoren BV
  • Permanent representative, Hennie Herijgers
2025
10-07
Gazette deed Permanent representatives: Yves Antoine André Henri Comellus Derycke and Martinus Petrus Nicolaas Verdegaal
3 facts ▸
  • Board meeting, 06-05-2025
  • Permanent representative, Yves Antoine André Henri Comellus Derycke
  • Permanent representative, Martinus Petrus Nicolaas Verdegaal
04-07
NBB filing Annual accounts filed
financial year 2024 · full format
2024
02-07
NBB filing Annual accounts filed
financial year 2023 · full format
2023
14-12
Gazette deed Amendment of the articles · Resignations & appointments
Director in office · Power of attorney4 facts ▸
  • Amendment of the articles (2 times)
  • Board meeting, 29-11-2023
  • Director in office, René Pit (director)
  • Power of attorney, René Pit (2 times)
25-08
Gazette deed Permanent representatives: Yves Antoine A. Derycke and Terol Lobelle
2 facts ▸
  • Permanent representative, Yves Antoine A. Derycke
  • Permanent representative, Terol Lobelle
04-07
NBB filing Annual accounts filed
financial year 2022 · full format
2022
31-12
Financial Back to profitnet €1.0m
Net result €1.0m after one loss-making year.
29-07
NBB filing Annual accounts filed
financial year 2021 · full format
2021
31-12
Financial Weakest financial yearnet -€13.8m
Net result drops to -€13.8m, the lowest in the series; recovery starts the following year.
Show earlier events
08-07
NBB filing Annual accounts filed
financial year 2020 · full format
2020
13-07
NBB filing Annual accounts filed
financial year 2019 · full format
2019
28-06
NBB filing Annual accounts filed
financial year 2018 · full format
2018
09-07
NBB filing Annual accounts filed
financial year 2017 · full format
2017
03-07
NBB filing Annual accounts filed
financial year 2016 · full format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 49 annual accounts filed, the latest 10 are here; all 49 are under Financials.
5 of 35 deeds read
About the unread acts

Of the 35 Belgian Official Gazette deeds we know for this company, 5 have been read. The other 30 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Register details

Identification
Legal formPublic limited company
Founded01-08-1938
Financial year end31-12
Activities, NACEBEL 2025
46841Wholesale trade
Contact
Phone 03/210.12.61Aartselaar
E-invoicing
Reachable via Peppol
Peppol ID 0208:0404936002

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 26 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Antwerpen · 3 establishment units since 1938
registered office establishment 2 of 3 establishment units on the map
Ground area
4,087 m²
Building footprint
782 m²
Building volume
6,078 m³
2 parcels, Flanders · tallest building 10.9 m. Linked by address, not a title deed.
3 establishment units
Blancefloerlaan 179, 2050 Antwerpen
Wholesale trade
since 1938unit no. 2.003.037.528
COMBORI
Parc Ind. des Hauts Sarts, 4e av 73, 4040 HerstalWholesale trade
since 1992unit no. 2.003.037.924
COMBORI
Dijkstraat 6, 2630 AartselaarWholesale trade
since 2006unit no. 2.169.607.116
2 parcels
Flanders 2 (100%)
Cadastral parcel Region Area Buildings Height / floors
11001C0029/00N000 Flanders 2,089 m² 1 · 349 m² 10.9 m · 3
11813N0324/00Z000 Flanders 1,998 m² 1 · 434 m² 7.3 m · 2
How the parcels are linked
Good to know
Both parcels match the address exactly.

Articles of association

Who represents it, and how

Who signsWho may bind the company towards others, for example by signing a contract.
“Artikel 21. Externe vertegenwoordigingsbevoegdheid Onverminderd (i) de vertegenwoordiging in het kader van het dagelijks bestuur zoals…”
Board ruleHow the board is made up, meets and takes decisions.
“Indien algemene vergadering slechts één bestuurder benoemt, vennootschap bestuurd door enige bestuurder” (deed in Dutch)
“Geheel van bestuursbevoegdheden, deel” (deed in Dutch)

deed of 14-12-2023

Other provisionsOther rules from the articles that fall under none of the themes above.

1 more provision in the deed, see the deed of 10-07-2025

deed of 10-07-2025