COMET PROJECTS
ActiveSummary
COMET PROJECTS has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €306k and a net result of €44k. Equity is growing by ~68.2% per year across the filed fiscal years. Its solvency ranks better than 86% of 11389 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▼-31
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 7.02 against 8.18 in 2024; short-term debt: 14.2% and cash: 67.9% of total assets), and 14.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
85.8%
Return on assets
12.4%
Age of the figures
9 mo
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 22-05-2026, 70 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
70 d early
2024
72 d early
2023
58 d early
2022
53 d early
2021
75 d early
2020
71 d early
2019
64 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, micro schema
Equity
€306k▲ 17.0%
2024 · €262k
Total assets
€357k▲ 20.4%
2024 · €297k
Net result
€44k▼ 56.4%
2024 · €102k
Working capital
€306k▲ 22.9%
2024 · €249k
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
Line20212022202320242025
Operating result€15k▲ 1,224%€85k▲ 455%€108k▲ 26.0%€150k▲ 39.5%€65k▼ 56.6%
Net result€13k▲ 922%€57k▲ 327%€72k▲ 27.1%€102k▲ 41.2%€44k▼ 56.4%
Equity€31k▲ 75.6%€88k▲ 184%€160k▲ 82.3%€262k▲ 63.8%€306k▲ 17.0%
Total assets€131k▲ 643%€178k▲ 36.0%€442k▲ 148%€297k▼ 32.9%€357k▲ 20.4%
Debt€100k€90k▼ 9.8%€282k▲ 213%€35k▼ 87.7%€51k▲ 46.4%
Working capital€31k€83k▲ 169%€152k▲ 82.2%€249k▲ 64.6%€306k▲ 22.9%
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 falls in 2025; 2025 is 57% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €357k
Equity
€306k ▲ 17.0%
Debt
€51k ▲ 46.4%
Debt's share of the balance-sheet total rises from 11.7% to 14.2%. Equity and debt are higher.
Key figures and ratios
Current ratio
7.02▼
2024 · 8.18
Debt to equity
0.17▲
2024 · 0.13
ROE
14.5%▼
2024 · 38.9%
ROA
12.4%▼
2024 · 34.4%
Debt ≤ 1 year
€51k▲
2024 · €35k
Income taxes
€21k▼
2024 · €49k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €231 | €232 | €548 | €246 | €248 | ▲ 0.8% |
| Gross operating margin9900 | €16k | €86k | €108k | €150k | €65k | ▼ 56.5% |
| Operating profit (loss)9901 | €15k | €85k | €108k | €150k | €65k | ▼ 56.6% |
| Financial income75/76B | - | - | - | €665 | €133 | ▼ 80.0% |
| Recurring financial income75 | - | - | - | €665 | €133 | ▼ 80.0% |
| Financial charges65/66B | €37 | €39 | €39 | €40 | €40 | ▲ 2.1% |
| Recurring financial charges65 | €37 | €39 | €39 | €40 | €40 | ▲ 2.1% |
| Profit (loss) for the period before taxes9903 | €15k | €85k | €107k | €151k | €65k | ▼ 56.7% |
| Income taxes67/77 | €2k | €28k | €35k | €49k | €21k | ▼ 57.2% |
| Profit (loss) for the period9904 | €13k | €57k | €72k | €102k | €44k | ▼ 56.4% |
| Transfer from tax-exempt reserves789 | €12k | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €25k | €57k | €72k | €102k | €44k | ▼ 56.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €131k | €178k | €442k | €297k | €357k | ▲ 20.4% |
| Fixed assets21/28 | - | €5k | €9k | €13k | - | - |
| Financial fixed assets28 | - | €5k | €9k | €13k | - | - |
| Current assets29/58 | €131k | €173k | €434k | €284k | €357k | ▲ 25.7% |
| Amounts receivable within one year40/41 | €73k | €55k | €189k | €249k | €115k | ▼ 53.9% |
| Trade receivables40 | €69k | €51k | €189k | €242k | €100k | ▼ 58.4% |
| Other amounts receivable41 | €4k | €4k | €365 | €7k | €14k | ▲ 99.8% |
| Cash at bank and in hand54/58 | €57k | €118k | €245k | €35k | €243k | ▲ 584% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €131k | €178k | €442k | €297k | €357k | ▲ 20.4% |
| Equity10/15 | €31k | €88k | €160k | €262k | €306k | ▲ 17.0% |
| Contributions10/11 | €19k | €19k | €20k | €20k | €19k | ▼ 9.1% |
| Reserves13 | €12k | €69k | €140k | €242k | €288k | ▲ 19.2% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | €10k | €67k | €140k | €242k | €288k | ▲ 19.2% |
| Amounts payable17/49 | €100k | €90k | €282k | €35k | €51k | ▲ 46.4% |
| Amounts payable within one year42/48 | €100k | €90k | €282k | €35k | €51k | ▲ 46.4% |
| Trade debts44 | €74k | €29k | €175k | €954 | €34k | ▲ 3,424% |
| Suppliers440/4 | €74k | €29k | €175k | €954 | €34k | ▲ 3,424% |
| Taxes, remuneration and social security45 | €26k | €61k | €107k | €34k | €17k | ▼ 48.9% |
| Taxes450/3 | €26k | €61k | €107k | €34k | €17k | ▼ 48.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13k | €57k | €72k | €102k | €44k | ▼ 56.4% |
| Operating cash flow (approximation) | €13k | €57k | €72k | €102k | €44k | ▼ 56.4% |
| Investment in fixed assets (approximation) | - | - | €-4k | €-4k | - | - |
| Change in cash | - | €61k | €126k | €-209k | €207k | ▲ 199% |
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
22-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
20-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €102k ▲41.2%
Operating result €150k, net result €102k, both a record.
31-12
Financial
Liquidity times 5current ratio 8.18
Current ratio from 1.54 to 8.18; short-term debt falls from €282k to €35k.
31-12
Financial
Equity above €200kEq €262k ▲63.8%
5 profitable years in a row build equity to €262k.
03-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €150kEq €160k ▲82.3%
4 profitable years in a row build equity to €160k.
08-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
17-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
21-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
28-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
31-12
Financial
Weakest financial yearnet €-874
Net result drops to €-874, the lowest in the series; recovery starts the following year.
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
20-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 20 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Ingelmunster · 1 establishment unit since 2010
Ground area
810 m²
Building footprint
190 m²
Volume, LiDAR
575 m³
Parcel 36007A0516/00P000, Flanders · tallest building 6.1 m, ±1 floor. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Camiel Verhammestraat 4, 8770 Ingelmunster
since 20102.185.014.773
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36007A0516/00P000 | Flanders | 810 m² | 1 · 190 m² | 6.1 m · 1 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.
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Of 2,503 companies in sector 46649 we hold annual accounts for 1,756. 1,346 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
Founded22-01-2010
Fiscal year end31-12
Activities, NACEBEL 2025
46649Wholesale of other machinery and equipment
46630Wholesale trade
Scores and ratios are computed by Checked and are not a credit decision.