COMCON
InactiveFinancials · financial year 2024, abbreviated format
Annual accounts 2024 filed on 29-07-2025 PDF all 34 filings
Turnover
≈ €1.8m
Estimated: probably between €1.2m and €3.0m
Total assets
€2.0m▲ 355%
2023 · €430,748
Net result
€400,339▲ 14×
2023 · €27,995
Working capital
€1.1m▲ 235%
2023 · €339,119
Multi-year overview
2018 to 2024, 7 financial yearsOperating result
€586,381
▲ 15×
2024
20182024
Net result
€400,339
▲ 14×
2024
20182024
Equity
€1.0m
▲ 195%
2024
20182024
Total assets
€2.0m
▲ 355%
2024
20182024
Debt
€834,921
▲ 811%
2024
20182024
Working capital
€1.1m
▲ 235%
2024
20182024
Staff (FTE)
1.1
2024
20182024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Operating result€0.005m-€0.02m▲ 255%€0.02m▲ 13.7%€0.01m▼ 51.5%€0.03m▲ 159%€0.04m▲ 37.8%€0.6m▲ 15×
Net result€0.005m-€0.02m▲ 212%€0.02m▲ 6.6%€0.008m▼ 53.9%€0.02m▲ 160%€0.03m▲ 37.4%€0.4m▲ 14×
Equity€0.2m-€0.3m▲ 6.4%€0.3m▲ 6.4%€0.3m▲ 2.8%€0.3m▲ 7.0%€0.3m▲ 9.0%€1.0m▲ 195%
Total assets€0.3m-€0.3m▲ 4.0%€0.3m▲ 12.5%€0.4m▲ 17.8%€0.6m▲ 57.3%€0.4m▼ 23.3%€2.0m▲ 355%
Debt€0.009m-€0.004m▼ 61.0%€0.02m▲ 479%€0.07m▲ 227%€0.3m▲ 278%€0.09m▼ 63.4%€0.8m▲ 811%
Working capital€0.2m-€0.3m▲ 6.4%€0.3m▲ 6.5%€0.3m▲ 2.8%€0.3m▲ 7.1%€0.3m▲ 9.9%€1.1m▲ 235%
Staff (FTE)1.1
The operating result for 2024 is over 15 times that of 2023 and the highest since 2020. It is the third rise in a row, after the fall in 2021.
Large changes and their cause
- 2024 Net result +1,330%, Equity +195%, Total assets +355% on 2023. Merger absorbing IXL-IT, Official Gazette 22-10-2024. Merger absorbing SAS SERVICES AND SOLUTIONS, Official Gazette 22-10-2024.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.0m
Fixed assets
€1,864
Current assets
€2.0m
Equity and liabilities €2.0m
Equity
€1.0m ▲ 195%
Provisions
€123,716
Debt
€834,921 ▲ 811%
Debt's share of the balance-sheet total rises from 21.3% to 42.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€586,941
Cash flow
€400,898
Current ratio
2.38▼
2023 · 4.70
Quick ratio
2.31▼
2023 · 4.70
Debt to equity
0.83▲
2023 · 0.27
ROE
40.0%▲
2023 · 8.3%
ROA
20.4%▲
2023 · 6.5%
Interest coverage
14.05
Debt ≤ 1 year
€822,073▲
2023 · €91,628
Income taxes
€21,049▲
2023 · €10,192
Staff costs
€427,466
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2024 |
|---|---|
| Employees at the balance-sheet date | 4 |
| full-time | 4 |
| part-time | 0 |
| in full-time equivalents | 4 |
| Average over the year, in full-time equivalents | 1.1 |
| On a permanent contract | 4 |
| Joined | 5 |
| Left | 1 |
Source: social balance sheet in the 2024 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Debts secured on the company's own assets | - | - | - | €129,114 |
| Pledge on the business | - | - | - | €143,000 |
Source: notes to the 2021 to 2024 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Tangible fixed assets | - | - | - | €4,556 |
| Depreciation and write-downs of the year | - | - | - | €559 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2023 · 1 entry · €2,000 awarded · €2,000 paidSchemes
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €0.5m | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €0.6m | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | - | - | €0.4m | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | - | - | €0.001m | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | €0.03m | - |
| Other operating charges640/8 | - | - | - | - | - | - | €0.006m | - |
| Non-recurring operating charges66A | - | - | - | - | - | - | €0.004m | - |
| Gross operating margin9900 | €0.006m | €0.02m | €0.02m | €0.01m | €0.03m | €0.04m | €1.0m | ▲ 27× |
| Operating profit (loss)9901 | €0.005m | €0.02m | €0.02m | €0.01m | €0.03m | €0.04m | €0.6m | ▲ 15× |
| Financial income75/76B | - | - | - | - | - | - | €499 | - |
| Recurring financial income75 | - | €50 | €0 | - | - | - | €499 | - |
| Financial charges65/66B | - | - | - | €23 | €24 | €121 | €0.04m | ▲ 346× |
| Recurring financial charges65 | €367 | €49 | €65 | €23 | €24 | €121 | €0.04m | ▲ 346× |
| Profit (loss) for the period before taxes9903 | €0.005m | €0.02m | €0.02m | €0.01m | €0.03m | €0.04m | €0.5m | ▲ 14× |
| Transfer to deferred taxes680 | - | - | - | - | €0.007m | - | €0.1m | - |
| Income taxes67/77 | - | €0.004m | €0.005m | €0.003m | - | €0.01m | €0.02m | ▲ 107% |
| Profit (loss) for the period9904 | €0.005m | €0.02m | €0.02m | €0.008m | €0.02m | €0.03m | €0.4m | ▲ 14× |
| Transfer to tax-exempt reserves689 | - | - | - | - | - | - | €0.4m | - |
| Profit (loss) for the period to be appropriated9905 | €0.005m | €0.02m | €0.02m | €0.008m | €0.02m | €0.03m | €0.03m | ▲ 4.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €0.3m | €0.3m | €0.3m | €0.4m | €0.6m | €0.4m | €2.0m | ▲ 355% |
| Fixed assets21/28 | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | - | €0.002m | - |
| Tangible fixed assets22/27 | - | - | - | - | - | - | €0.002m | - |
| Plant, machinery and equipment23 | - | - | - | - | - | - | €0.002m | - |
| Financial fixed assets28 | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | - | - | - |
| Current assets29/58 | €0.3m | €0.3m | €0.3m | €0.4m | €0.6m | €0.4m | €2.0m | ▲ 354% |
| Stocks and contracts in progress3 | - | - | - | - | - | - | €0.06m | - |
| Stocks30/36 | - | - | - | - | - | - | €0.06m | - |
| Amounts receivable within one year40/41 | €0.3m | €0.3m | €0.3m | €0.3m | €0.6m | €0.4m | €0.9m | ▲ 117% |
| Trade receivables40 | - | - | - | €0.1m | €0.3m | €0.2m | €0.6m | ▲ 225% |
| Other amounts receivable41 | - | - | - | €0.2m | €0.2m | €0.2m | €0.3m | ▲ 39.6% |
| Cash at bank and in hand54/58 | €0.001m | €388 | €0.003m | €0.007m | €0.003m | €0.01m | €1.0m | ▲ 73× |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | €0.001m | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €0.3m | €0.3m | €0.3m | €0.4m | €0.6m | €0.4m | €2.0m | ▲ 355% |
| Equity10/15 | €0.2m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €1.0m | ▲ 195% |
| Contributions10/11 | €0.08m | €0.08m | - | €0.09m | €0.09m | €0.09m | €0.6m | ▲ 521% |
| Reserves13 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.4m | ▲ 319% |
| Non-distributable reserves130/1 | - | - | - | €0.009m | €0.009m | €0.009m | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | - | - | €0.009m | €0.009m | €0.009m | €0 | ▼ 100% |
| Tax-exempt reserves132 | - | - | - | €0.02m | €0.02m | €0.02m | €0.4m | ▲ 21× |
| Distributable reserves133 | - | - | - | €0.07m | €0.07m | €0.07m | €0.03m | ▼ 59.4% |
| Profit (loss) carried forward14 | €0.06m | €0.07m | €0.09m | €0.1m | €0.1m | €0.1m | €0 | ▼ 100% |
| Provisions and deferred taxes16 | - | - | - | - | - | - | €0.1m | - |
| Deferred taxes168 | - | - | - | - | - | - | €0.1m | - |
| Amounts payable17/49 | €0.009m | €0.004m | €0.02m | €0.07m | €0.3m | €0.09m | €0.8m | ▲ 811% |
| Amounts payable within one year42/48 | €0.009m | €0.004m | €0.02m | €0.07m | €0.3m | €0.09m | €0.8m | ▲ 797% |
| Financial debts43 | - | - | - | - | - | - | €0.1m | - |
| Credit institutions430/8 | - | - | - | - | - | - | €0.1m | - |
| Trade debts44 | €0.009m | - | €0.01m | €0.06m | €0.2m | €0.07m | €0.6m | ▲ 717% |
| Suppliers440/4 | - | - | - | €0.06m | €0.2m | €0.07m | €0.6m | ▲ 717% |
| Taxes, remuneration and social security45 | - | - | - | €0.008m | €0.01m | €0.02m | €0.09m | ▲ 388% |
| Taxes450/3 | - | - | - | €0.008m | €0.01m | €0.02m | €0.04m | ▲ 134% |
| Remuneration and social security454/9 | - | - | - | - | - | - | €0.04m | - |
| Other amounts payable47/48 | - | - | - | - | - | - | €0.002m | - |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €0.01m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,120 | €15,961 | €17,021 | €7,843 | €20,368 | €27,995 | €400,339 | ▲ 14× |
| + Depreciation and write-downs630 | - | - | - | - | - | - | €559 | - |
| Operating cash flow (approximation) | €5,120 | €15,961 | €17,021 | €7,843 | €20,368 | €27,995 | €400,898 | ▲ 14× |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - | - | - |
| Change in cash | - | -€498 | €2,662 | €4,372 | -€4,767 | €11,066 | €981,596 | ▲ 89× |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 34 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | abbreviated format | 29-07-2025 | 2025-00342229 | |
| 31-12-2023 | micro format | 28-05-2024 | 2024-00099830 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00414386 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20389654 | |
| 31-12-2020 | micro format | 29-07-2021 | 2021-42400163 | |
| 31-12-2019 | micro format | 28-08-2020 | 2020-46300407 | |
| 31-12-2018 | micro format | 30-08-2019 | 2019-62500291 | |
| 31-12-2017 | micro format | 30-08-2018 | 2018-58400579 | |
| 31-12-2016 | micro format | 31-08-2017 | 2017-58500037 | |
| 31-12-2015 | abbreviated format | 30-08-2016 | 2016-52900361 |