COMBOS
ActiveSummary
The computed 12-month bankruptcy probability of COMBOS is 2.5% (moderate). The 2025 annual accounts show equity of €11,868 and a net result of €6,151. Equity is shrinking by ~24.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 23% of 1654 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability77▲+77
Solvency37▼-8
Growth32=
Track record94
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.08 against 0.92 in 2024; short-term debt: 87.7% and cash: 12.9% of total assets), and 87.7% 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
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
12.3%
Return on assets
6.4%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 1654 sector peers (2025).
NBB · sector comparisonPosition among 1654 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
24 d late
2024
30 d late
2023
68 d late
2022
184 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 77 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€11,868▲ 108%
2024 · €5,717
Total assets
€96,795▲ 236%
2024 · €28,838
Net result
€6,151
2024 · -€25,850
Working capital
€6,588
2024 · -€1,768
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
Line2022202320242025
Operating result€19,950-€22,264▲ 11.6%-€25,628€9,897
Net result€14,492-€15,074▲ 4.0%-€25,850€6,151
Equity€16,492-€31,566▲ 91.4%€5,717▼ 81.9%€11,868▲ 108%
Total assets€35,192-€66,213▲ 88.1%€28,838▼ 56.4%€96,795▲ 236%
Debt€18,700-€34,647▲ 85.3%€23,122▼ 33.3%€84,927▲ 267%
Working capital€15,242-€20,210▲ 32.6%-€1,768€6,588
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €9,897 after a loss of €25,628 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €96,795
Fixed assets
€5,280 ▼ 25.3%
Current assets
€91,515 ▲ 329%
Equity and liabilities €96,795
Equity
€11,868 ▲ 108%
Debt
€84,927 ▲ 267%
Debt's share of the balance-sheet total rises from 80.2% to 87.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€14,867▲
2024 · -€21,513
Cash flow
€11,121▲
2024 · -€21,735
Current ratio
1.08▲
2024 · 0.92
Debt to equity
7.16▲
2024 · 4.04
ROE
51.8%▲
2024 · -452.2%
ROA
6.4%▲
2024 · -89.6%
Interest coverage
18.65▲
2024 · -88.50
Debt ≤ 1 year
€84,927▲
2024 · €23,122
Income taxes
€2,949
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €40 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €3,329 | €4,115 | €4,970 | ▲ 20.8% |
| Other operating charges640/8 | - | €863 | €16,242 | €400 | ▼ 97.5% |
| Gross operating margin9900 | €19,950 | €26,455 | -€5,232 | €15,267 | ▲ 392% |
| Operating profit (loss)9901 | €19,950 | €22,264 | -€25,628 | €9,897 | ▲ 139% |
| Financial income75/76B | - | €3 | €21 | €1 | ▼ 95.8% |
| Recurring financial income75 | - | €3 | €21 | €1 | ▼ 95.8% |
| Financial charges65/66B | €12 | €131 | €243 | €797 | ▲ 228% |
| Recurring financial charges65 | €12 | €131 | €243 | €797 | ▲ 228% |
| Profit (loss) for the period before taxes9903 | €19,938 | €22,136 | -€25,850 | €9,100 | ▲ 135% |
| Income taxes67/77 | €5,446 | €7,062 | - | €2,949 | - |
| Profit (loss) for the period9904 | €14,492 | €15,074 | -€25,850 | €6,151 | ▲ 124% |
| Profit (loss) for the period to be appropriated9905 | €14,492 | €15,074 | -€25,850 | €6,151 | ▲ 124% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €35,192 | €66,213 | €28,838 | €96,795 | ▲ 236% |
| Formation expenses20 | €1,250 | €833 | €417 | - | - |
| Fixed assets21/28 | - | €10,523 | €7,068 | €5,280 | ▼ 25.3% |
| Tangible fixed assets22/27 | - | €9,423 | €6,468 | €4,680 | ▼ 27.6% |
| Plant, machinery and equipment23 | - | €6,780 | €4,457 | €2,242 | ▼ 49.7% |
| Furniture and vehicles24 | - | €2,643 | €2,011 | €2,438 | ▲ 21.2% |
| Financial fixed assets28 | - | €1,100 | €600 | €600 | = |
| Current assets29/58 | €33,942 | €54,857 | €21,353 | €91,515 | ▲ 329% |
| Amounts receivable within one year40/41 | €142 | €35,767 | €9,074 | €78,938 | ▲ 770% |
| Trade receivables40 | - | €35,767 | €9,074 | €78,903 | ▲ 770% |
| Other amounts receivable41 | €142 | €0 | - | €35 | - |
| Cash at bank and in hand54/58 | €33,800 | €19,064 | €12,279 | €12,473 | ▲ 1.6% |
| Deferred charges and accrued income490/1 | - | €26 | - | €105 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €35,192 | €66,213 | €28,838 | €96,795 | ▲ 236% |
| Equity10/15 | €16,492 | €31,566 | €5,717 | €11,868 | ▲ 108% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Outside capital11 | - | - | - | €2,000 | - |
| Other1109/19 | - | - | - | €2,000 | - |
| Reserves13 | €14,492 | €29,566 | €29,566 | €29,566 | = |
| Distributable reserves133 | €14,492 | €29,566 | €29,566 | €29,566 | = |
| Profit (loss) carried forward14 | - | - | -€25,850 | -€19,699 | ▲ 23.8% |
| Amounts payable17/49 | €18,700 | €34,647 | €23,122 | €84,927 | ▲ 267% |
| Amounts payable within one year42/48 | €18,700 | €34,647 | €23,122 | €84,927 | ▲ 267% |
| Trade debts44 | €13,254 | €17,238 | €4,319 | €67,573 | ▲ 1,465% |
| Suppliers440/4 | €13,254 | €17,238 | €4,319 | €67,573 | ▲ 1,465% |
| Taxes, remuneration and social security45 | €5,446 | €16,833 | €17,142 | €17,222 | ▲ 0.5% |
| Taxes450/3 | €5,446 | €14,533 | €7,628 | €13,341 | ▲ 74.9% |
| Remuneration and social security454/9 | - | €2,300 | €9,514 | €3,881 | ▼ 59.2% |
| Other amounts payable47/48 | - | €576 | €1,661 | €133 | ▼ 92.0% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,492 | €15,074 | -€25,850 | €6,151 | ▲ 124% |
| + Depreciation and write-downs630 | - | €3,329 | €4,115 | €4,970 | ▲ 20.8% |
| Operating cash flow (approximation) | €14,492 | €18,403 | -€21,735 | €11,121 | ▲ 151% |
| Investment in fixed assets (approximation) | - | - | -€660 | -€3,182 | ▼ 382% |
| Change in cash | - | -€14,737 | -€6,785 | €194 | ▲ 103% |
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
Next filing, fiscal year 2026, expected by
2026
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 24 days late
2025
31-12
Financial
Back to profitnet €6,151
Net result €6,151 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
31-12
Financial
Weakest financial yearnet -€25,850
Net result drops to -€25,850, the lowest in the series; recovery starts the following year.
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 184 days late
2023
31-12
Financial
Highest result since 2022net €15,074 ▲4%
Operating result €22,264, net result €15,074, both a record.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Ukkel · 1 establishment unit since 2022
Ground area
242 m²
Building footprint
243 m²
Volume, LiDAR
3,924 m³
Parcel 21616A0267/00Z037, Brussels · tallest building 19.1 m, ±6 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
COMBOS
since 20222.338.061.670
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21616A0267/00Z037 | Brussels | 242 m² | 1 · 243 m² | 19.1 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
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
Wallonia-Brussels Federation
2025 · 1 entry · 2,920 EUR in total| Year | Entries | paid |
|---|---|---|
| 2025 | 1 | 2,920 EUR |
Budget allocations
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Of 13,417 companies in sector 73300 we hold annual accounts for 6,898. 3,966 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
Founded18-11-2022
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
18130Pre-press and pre-media services
32400Other manufacturing
47640Retail sale of games and toys
58190Other publishing activities, excluding software publishing
Scores and ratios are computed by Checked and are not a credit decision.