Equity
-€1.3m
Debts exceed assets in financial year 2025.
COMDIS
Lifetime
2 annual accounts with figures on one time axispeak €781,582 (2024)
-€129,313▼ €910,895
lowest -€1.0m (2025)
-€1.0m▼ €674,667
peak -€247,057 (2024)
-€1.3m▼ €1.0m
€2.4m▲ 57.7%
peak 19 FTE (2024)
18 FTE▼ 5.3%
Board3 names since 2023
2 directorsFabian TOUSSAINT and 1 other
Owners4 names in the annual accounts
99.98%ITM ALIMENTAIRE BELGIUM
Documentsfilings and deeds
29-06-202632 days before the deadline
2025financial year
Gross margin from €781,582 to -€129,313Loss of €1.0mEquity from -€247,057 to -€1.3mDebts from €1.5m to €2.4mCash from €255,018 to €154,429
Key points
from the 2025 annual accountsResult
-€1.0m ▼ 194%
The result fell in 2025 from -€347,057 to -€1.0m.
Debts
€2.4m 213% of the balance sheet
Financial debts 12%Suppliers 81%Taxes and wages 4%Other 3%
Of this, €2.1m falls due within a year.
Liquidity
0.37 was 0.84 in 2024
Short-term debts rose from €1.1m to €2.1m.
Board
2 joined · 1 left
Board changed. Latest change 01-06-2026 · 2 in office.
Position in the sector
-113.1%
Lower solvency than 95% of companies in retail trade. Sector median 36.2% · 5,069 companies.
Checked score
47
Fair
Financially stronger than 5% of small companies in retail trade (NACE 47)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.5% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 3,698 companies (NACE 47, small).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.5%lowest value
01-2025: 1.6%▲ +0.1 percentage points vs 12-2024
02-2025: 1.6%● unchanged vs 01-2025
03-2025: 2.0%▲ +0.4 percentage points vs 02-2025
04-2025: 2.0%● unchanged vs 03-2025
05-2025: 2.2%▲ +0.2 percentage points vs 04-2025
06-2025: 2.5%▲ +0.3 percentage points vs 05-2025
07-2025: 2.5%● unchanged vs 06-2025
08-2025: 2.4%▼ -0.1 percentage points vs 07-2025
09-2025: 2.4%● unchanged vs 08-2025
10-2025: 2.6%▲ +0.2 percentage points vs 09-2025
11-2025: 2.7%▲ +0.1 percentage points vs 10-2025
12-2025: 2.6%▼ -0.1 percentage points vs 11-2025
01-2026: 2.5%▼ -0.1 percentage points vs 12-2025
02-2026: 2.5%● unchanged vs 01-2026
03-2026: 2.5%● unchanged vs 02-2026
04-2026: 2.5%● unchanged vs 03-2026
05-2026: 2.5%● unchanged vs 04-2026
06-2026: 2.4%▼ -0.1 percentage points vs 05-2026
07-2026: 3.5%▲ +1.1 percentage points vs 06-2026highest value
08-2026: 3.5%● unchanged vs 07-2026
09-2026: 3.5%● unchanged vs 08-2026
10-2026: 3.5%● unchanged vs 09-2026
11-2026: 3.5%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Loss of €1.0m, the second in a row (financial year 2025)
Negative equity -€1.3m
1 of the last 3 accounts late
lowers risk
Founded in 2023
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 47, small). It does better than 2% of them on solvency, 15% on liquidity, 2% on profitability and 1% on growth.
The bankruptcy probability was computed on 10-11-2026 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 moderate class on 30-06-2025, 2.4% 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, 490 companies had the same profile as COMDIS has now. Each dot is one company, two years later.
88.8%
were still trading
3.9%
stopped another way
6.7%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of COMDIS itself: 3.5% 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 490 companies, not a prediction for COMDIS. 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
No credit on open account
Liquidity is insufficient, with a current ratio of 0.37 (0.84 in 2024), below 1. Short-term debt is 187.8% and cash 13.8% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2425
2024 to 2025 · latest year -€1.3m
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 29-06-2026, 32 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
32 days early
2024
60 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 14 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% 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.
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- ITM ALIMENTAIRE BELGIUM 99.98%score 54equity -€64.9m (2025) · 2025 annual accounts of ITM ALIMENTAIRE BELGIUM
- HAPPYDIS 9%score 82equity €599,118 (2025) · 2023 annual accounts of HAPPYDIS
- PARCOBS 9%score 83equity €393,000 (2025) · 2023 annual accounts of PARCOBS
Recent changes
Appointment: JB MGMT (director)
Permanent representative: Benoît Jonet · General meeting of 01-06-2026 · Gazette deed
Resignation: Fabian Toussaint (director)
Appointment: Anne Buttiens (director) · Director discharge: Fabian Toussaint · General meeting of 24-02-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1002029497
Incorporation
Founding capital of €100,000, 6,000 shares · Founders: NALIM, FLOMAXAD, CHILI PEPPERS and 10 others · Appointment: TOUSSAINT Fabian Albert Claude (sole director) · published on 09-11-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| COMDIS Ciney | €1.1m | -€129,313 | -113.1% | 18 |
| FERMGOED Moorslede | €1.9m | -€180,585 | -26.3% | 19.5 |
| Scoy Andenne | €0.9m | -€1,617 | 5.8% | - |
| AUTHENTIC FOOD CONNECTION Namur | €0.7m | -€72,381 | -9.6% | - |
| BRICO CHAUMONT Chaumont-Gistoux | €1.3m | -€35,188 | 0.4% | - |
| MARKET ZUID Antwerp | €0.8m | -€9,412 | 53.1% | - |
| DELCORON Leuze-en-Hainaut | €2.0m | -€43,565 | -46.8% | - |
These companies have the same main activity as COMDIS: non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110). They are comparable in size and age: total assets between €739,000 and €2m, founded between 2022 and 2024.
Official details
Source: KBO- Status
- Active since 07-11-2023Normal situation
- Activity
- Non-specialised retail sale with food, beverages or tobacco predominatingNACE 47110
- Establishment unit
- 2.351.903.4715590 Ciney, since 07-11-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 11-12-2025
Annual accounts 2025
- €1.1m▼ 11.6%
- Employeeson 31-12-2025
- 22▼ 12.0%
- Filing
- Filed on 29-06-2026, 32 days before the end of the filing period
Companies linked to COMDIS
Shareholders
- MACQUIDIS4.5%
Insights on COMDIS
Solvency fell in 2025 from -19.5% to -113.1% because of the loss and higher debts to suppliers.
ITM ALIMENTAIRE BELGIUM 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 COMDIS
- What is the company number of COMDIS?
- The company number of COMDIS is 1002.029.497. The VAT number is the same number with BE in front: BE 1002.029.497.
- Where is COMDIS based?
- The registered office is at Rue du Commerce 79, 5590 Ciney.Company details
- What does COMDIS do?
- According to the KBO register, the main activity is non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110).
- What is the legal form of COMDIS?
- COMDIS is a public limited company (NV).
- When was COMDIS founded?
- COMDIS was founded on 07-11-2023.
- Is COMDIS still active?
- Yes, COMDIS is an active enterprise in the KBO register.
- How many employees does COMDIS have?
- COMDIS had an average of 18 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of COMDIS?
- The annual accounts for financial year 2025 state no turnover.
- Is COMDIS profitable?
- In financial year 2025, COMDIS made a loss of €1.0m.
- Where can I find the annual accounts of COMDIS?
- COMDIS filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of COMDIS due?
- COMDIS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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