COMET FLUVIAL
ActiveSummary
COMET FLUVIAL has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €217,513 and a net result of €173,419. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 52 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability81▲+13
Solvency37▲+5
Growth38=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days acceptable
Liquidity short (current ratio 0.55 against 0.33 in 2023; short-term debt: 47.7% and cash: 11.7% of total assets), and 87.8% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 50
Relative position
BE, all sectors
reference
Water transport (NACE 50)
about 39% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 52 sector peers (2024).
NBB · sector comparisonPosition among 52 sector peers
Solvency
better than 10%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
19202122232324
2019 to 2024 · latest year €217,513
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-09-2025, 57 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
57 d late
2023
8 d early
2023
on the day
2022
5 d early
2021
25 d early
2020
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 2 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 41% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
€1.0m▼ 38.1%
2023 · €1.7m
EBIT margin
2.8%▼ 7.0pp
2023 · 9.8%
Net result
€173,419▲ 964%
2023 · €16,297
Working capital
-€382,682▲ 12.2%
2023 · -€435,964
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 50, Water transport, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320232024
Turnover€1.5m€1.7m▲ 11.1%€1.0m-
Operating result-€145,747▲ 49.6%€124,800€161,502▲ 29.4%€28,589-€176,672▲ 518%
Net result-€134,594below the sector's middle half▲ 52.4%€135,598within the sector's middle half€173,478within the sector's middle half▲ 27.9%€16,297within the sector's middle half-€173,419within the sector's middle half▲ 964%
EBIT margin8.4%9.8%▲ 1.4pp2.8%-
Equity-€229,089below the sector's middle half▼ 231%-€114,159below the sector's middle half▲ 50.2%€41,510below the sector's middle half€51,915below the sector's middle half-€217,513below the sector's middle half▲ 319%
Total assets€1.2mbelow the sector's middle half▼ 14.6%€1.1mbelow the sector's middle half▼ 4.0%€947,445below the sector's middle half▼ 14.6%€721,820below the sector's middle half-€1.8mbelow the sector's middle half▲ 147%
Debt€1.4m▼ 2.6%€1.2m▼ 11.6%€905,935▼ 25.9%€669,905-€1.6m▲ 133%
Working capital-€690,531▼ 30.9%-€597,774▲ 13.4%-€381,376▲ 36.2%-€435,964--€382,682▲ 12.2%
Solvency-19.8%below the sector's middle half▼ 14.7pp-10.3%below the sector's middle half▲ 9.5pp4.4%below the sector's middle half▲ 14.7pp7.2%below the sector's middle half-12.2%below the sector's middle half▲ 5.0pp
Staff (FTE)10.6▲ 10.4%10.8within the sector's middle half▲ 1.9%9.7within the sector's middle half▼ 10.2%10within the sector's middle half-10.3within the sector's middle half▲ 3.0%
above
within
below
the middle half (P25 to P75) of NACE 50, Water transport, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2024 Net result +964% on 2023. The previous fiscal year ran 9 months, this one 12.
Result per fiscal year
Operating resultNet result
Multiple fiscal year ends fall in the same calendar year; an annual trend is not displayed.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.8m
Fixed assets
€1.3m ▲ 161%
Current assets
€466,011 ▲ 114%
Equity and liabilities €1.8m
Equity
€217,513 ▲ 319%
Debt
€1.6m ▲ 133%
Debt's share of the balance-sheet total falls from 92.8% to 87.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€325,682▲
2023 · €105,988
Cash flow
€322,428▲
2023 · €93,696
Current ratio
0.55▲
2023 · 0.33
Debt to equity
7.19▼
2023 · 12.90
ROE
79.7%▲
2023 · 31.4%
ROA
9.7%▲
2023 · 2.3%
Interest coverage
30.29▲
2023 · 5.91
Debt ≤ 1 year
€848,693▲
2023 · €653,401
Debt > 1 year
€698,277
Income taxes
€321▲
2023 · €248
Staff costs
€844,119▲
2023 · €555,769
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,600 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 97% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
2.0%
stopped otherwise
97%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,600 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €1.5m | €1.7m | €1.0m | - | - |
| Non-recurring operating income76A | - | €8,915 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €470,773 | €602,050 | €362,231 | - | - |
| Remuneration, social security and pensions62 | - | €702,762 | €713,585 | €555,769 | €844,119 | ▲ 51.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €241,523 | €223,875 | €183,373 | €77,399 | €149,010 | ▲ 92.5% |
| Other operating charges640/8 | - | €2,073 | €1,112 | €1,318 | €1,348 | ▲ 2.3% |
| Non-recurring operating charges66A | - | - | €4,238 | - | €75 | - |
| Gross operating margin9900 | €695,215 | €1.1m | €1.1m | €663,074 | €1.2m | ▲ 76.6% |
| Operating profit (loss)9901 | -€145,747 | €124,800 | €161,502 | €28,589 | €176,672 | ▲ 518% |
| Financial income75/76B | - | €20,670 | €17,808 | €5,893 | €7,821 | ▲ 32.7% |
| Recurring financial income75 | €25,351 | €20,670 | €17,808 | €5,893 | €7,821 | ▲ 32.7% |
| Financial charges65/66B | - | €9,529 | €5,594 | €17,937 | €10,754 | ▼ 40.0% |
| Recurring financial charges65 | €13,741 | €9,529 | €5,594 | €17,937 | €10,754 | ▼ 40.0% |
| Profit (loss) for the period before taxes9903 | -€134,137 | €135,941 | €173,717 | €16,544 | €173,739 | ▲ 950% |
| Income taxes67/77 | €457 | €342 | €239 | €248 | €321 | ▲ 29.5% |
| Profit (loss) for the period9904 | -€134,594 | €135,598 | €173,478 | €16,297 | €173,419 | ▲ 964% |
| Profit (loss) for the period to be appropriated9905 | -€134,594 | €135,598 | €173,478 | €16,297 | €173,419 | ▲ 964% |
| Line | 2021 | 2022 | 2023 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.1m | €947,445 | €721,820 | €1.8m | ▲ 147% |
| Fixed assets21/28 | €886,222 | €655,702 | €485,330 | €504,383 | €1.3m | ▲ 161% |
| Intangible fixed assets21 | - | - | - | €0 | €0 | - |
| Tangible fixed assets22/27 | €885,753 | €655,233 | €484,861 | €504,383 | €1.3m | ▲ 161% |
| Land and buildings22 | - | €655,233 | €484,861 | €504,383 | €1.3m | ▲ 161% |
| Plant, machinery and equipment23 | - | - | - | €0 | €0 | - |
| Furniture and vehicles24 | - | - | - | €0 | €0 | - |
| Financial fixed assets28 | €469 | €469 | €469 | - | - | - |
| Current assets29/58 | €268,555 | €453,193 | €462,115 | €217,437 | €466,011 | ▲ 114% |
| Amounts receivable within one year40/41 | €166,764 | €258,006 | €233,143 | €98,822 | €250,167 | ▲ 153% |
| Trade receivables40 | - | €238,370 | €213,507 | €97,932 | €239,678 | ▲ 145% |
| Other amounts receivable41 | - | €19,636 | €19,636 | €890 | €10,489 | ▲ 1,079% |
| Cash at bank and in hand54/58 | €86,498 | €181,034 | €213,583 | €89,024 | €207,893 | ▲ 134% |
| Deferred charges and accrued income490/1 | - | €14,153 | €15,388 | €29,592 | €7,952 | ▼ 73.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.1m | €947,445 | €721,820 | €1.8m | ▲ 147% |
| Equity10/15 | -€229,089 | -€114,159 | €41,510 | €51,915 | €217,513 | ▲ 319% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€329,188 | -€193,590 | -€20,112 | -€3,815 | €169,604 | ▲ 4,546% |
| Investment grants15 | - | €58,970 | €41,162 | €35,269 | €27,448 | ▼ 22.2% |
| Amounts payable17/49 | €1.4m | €1.2m | €905,935 | €669,905 | €1.6m | ▲ 133% |
| Amounts payable after more than one year17 | €423,597 | €171,197 | €61,848 | - | €698,277 | - |
| Financial debts170/4 | - | €171,197 | €61,848 | - | €698,277 | - |
| Amounts payable within one year42/48 | €959,086 | €1.1m | €843,490 | €653,401 | €848,693 | ▲ 29.9% |
| Current portion of amounts payable after more than one year42 | - | €252,401 | €109,349 | €61,848 | €101,723 | ▲ 64.5% |
| Trade debts44 | €90,821 | €71,017 | €27,020 | €102,118 | €122,728 | ▲ 20.2% |
| Suppliers440/4 | - | €71,017 | €27,020 | €102,118 | €122,728 | ▲ 20.2% |
| Taxes, remuneration and social security45 | - | €177,550 | €157,122 | €139,435 | €174,242 | ▲ 25.0% |
| Taxes450/3 | - | €73,859 | €56,385 | €48,160 | €64,357 | ▲ 33.6% |
| Remuneration and social security454/9 | - | €103,691 | €100,737 | €91,275 | €109,885 | ▲ 20.4% |
| Other amounts payable47/48 | - | €550,000 | €550,000 | €350,000 | €450,000 | ▲ 28.6% |
| Accrued charges and deferred income492/3 | - | €890 | €596 | €16,504 | €16,336 | ▼ 1.0% |
| Line | 2021 | 2022 | 2023 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€134,594 | €135,598 | €173,478 | €16,297 | €173,419 | ▲ 964% |
| + Depreciation and write-downs630 | €241,523 | €223,875 | €183,373 | €77,399 | €149,010 | ▲ 92.5% |
| Operating cash flow (approximation) | €106,929 | €359,474 | €356,851 | €93,696 | €322,428 | ▲ 244% |
| Investment in fixed assets (approximation) | - | €6,644 | -€13,001 | - | -€959,434 | - |
| Change in cash | - | €94,536 | €32,550 | - | €118,869 | - |
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
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 57 days late
2024
31-12
Financial
Equity above €200,000Eq €217,513 ▲319%
4 profitable years in a row build equity to €217,513.
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
31-03
Financial
Highest result since 2019net €173,478 ▲27.9%
Net result €173,478, the highest in the series.
2022
26-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
31-03
Financial
Back to profitnet €135,598
Net result €135,598 after 3 loss-making years.
2021
06-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
31-03
Financial
Weakest financial yearnet -€282,615
Net result drops to -€282,615, the lowest in the series; recovery starts the following year.
2019
24-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
18-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 acts for this company are 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, Châtelet · 1 establishment unit since 2008
Ground area
2,873 m²
Building footprint
1,106 m²
Volume, LiDAR
8,861 m³
Parcel 52012A1290/00S004, Wallonia · tallest building 8.9 m, ±3 floors. Linked by address, not a title deed.
15
companies at this address
See who is registered here
1 establishment unit
RUDY W
since 20082.173.532.448
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52012A1290/00S004 | Wallonia | 2,873 m² | 1 · 1,106 m² | 8.8 m · 3 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.
Structure & network
Part of the group
COMPAGNIE BELGE DE PARTICIPATIONS INDUSTRIELLES ET IMMOBILIERES
16 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
Highest known parent: COMPAGNIE BELGE DE PARTICIPATIONS INDUSTRIELLES ET IMMOBILIERES. The sources do not say who stands above it.
Owners 1
- COMETSAMBREparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. 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 fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 1,337 companies in sector 50400 we hold annual accounts for 394. 320 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
Founded09-04-2003
Fiscal year end31-12
Activities, NACEBEL 2025
50400Inland freight water transport
52220Warehousing and support activities for transportation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0479984407
Also
9925:BE0479984407
Registered
19-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.