COMET SERVICES
ActiveSummary
COMET SERVICES has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €217,677 and a net result of -€23,182. Equity is shrinking by ~8.1% per year across the filed fiscal years. Its solvency ranks better than 22% of 219 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability67▲+11
Solvency36▼-2
Growth55=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity short (current ratio 0.86 against 0.96 in 2024; short-term debt: 58% and cash: 5.2% of total assets), and 89.2% of the assets are financed with debt.
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Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 38
Relative position
BE, all sectors
reference
Waste collection, recovery and disposal activities (NACE 38)
about 10% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€23,182
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 219 sector peers (2025).
NBB · sector comparisonPosition among 219 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-09-2026, 41 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
41 d late
2024
on the day
2023
15 d early
2022
62 d early
2021
54 d early
2020
57 d early
2019
28 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 25 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 32% 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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#1 fastest grower in Hainaut, Water and waste sector
Turnover
€3.6m▲ 241%
2021 · €1.0m
EBIT margin
-3.9%▼ 4.4pp
2021 · 0.4%
Net result
-€23,182▲ 38.0%
2024 · -€37,369
Working capital
-€166,138▼ 292%
2024 · -€42,380
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 38, Waste collection, recovery and disposal activities, 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
Line20212022202320242025
Turnover€1.0m▼ 1.1%€3.6m
Operating result€4,464▼ 90.9%-€62,139-€139,922▼ 125%-€5,858▲ 95.8%€10,340
Net result€1,816below the sector's middle half▼ 96.2%-€65,366below the sector's middle half-€155,786below the sector's middle half▼ 138%-€37,369below the sector's middle half▲ 76.0%-€23,182below the sector's middle half▲ 38.0%
EBIT margin0.4%▼ 4.2pp-3.9%
Equity€499,381within the sector's middle half▲ 0.4%€434,015below the sector's middle half▼ 13.1%€278,229below the sector's middle half▼ 35.9%€240,860below the sector's middle half▼ 13.4%€217,677within the sector's middle half▼ 9.6%
Total assets€854,724below the sector's middle half▼ 2.1%€1.3mbelow the sector's middle half▲ 50.5%€1.7mbelow the sector's middle half▲ 33.4%€1.9mwithin the sector's middle half▲ 12.1%€2.0mwithin the sector's middle half▲ 4.3%
Debt€355,343▼ 5.4%€852,618▲ 140%€1.4m▲ 68.7%€1.7m▲ 17.1%€1.8m▲ 6.3%
Working capital€406,652▲ 2.7%€50,975▼ 87.5%€21,374▼ 58.1%-€42,380-€166,138▼ 292%
Solvency58.4%above the sector's middle half▲ 1.5pp33.7%within the sector's middle half▼ 24.7pp16.2%below the sector's middle half▼ 17.5pp12.5%below the sector's middle half▼ 3.7pp10.8%below the sector's middle half▼ 1.7pp
Staff (FTE)21.4within the sector's middle half▼ 3.6%26within the sector's middle half▲ 21.5%37.8within the sector's middle half▲ 45.4%44.5within the sector's middle half▲ 17.7%44.3above the sector's middle half▼ 0.4%
above
within
below
the middle half (P25 to P75) of NACE 38, Waste collection, recovery and disposal activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €10,340 after a loss of €5,858 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.0m
Fixed assets
€1.0m ▲ 3.9%
Current assets
€998,121 ▲ 4.7%
Equity and liabilities €2.0m
Equity
€217,677 ▼ 9.6%
Debt
€1.8m ▲ 6.3%
Debt's share of the balance-sheet total rises from 87.5% to 89.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€208,091▲
2024 · €146,739
Cash flow
€174,569▲
2024 · €115,228
Current ratio
0.86▼
2024 · 0.96
Debt to equity
8.22▲
2024 · 6.99
ROE
-10.6%▲
2024 · -15.5%
ROA
-1.2%▲
2024 · -1.9%
Interest coverage
6.23▲
2024 · 4.77
Debt ≤ 1 year
€1.2m▲
2024 · €996,072
Debt > 1 year
€625,331▼
2024 · €687,632
Income taxes
€1,653▲
2024 · €722
Staff costs
€2.1m▲
2024 · €1.9m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,501 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a small loss
1.4%
went bankrupt
1.7%
stopped otherwise
96%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 2,501 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 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €1.0m | - | €3.6m | - | - | - |
| Non-recurring operating income76A | €19 | €434 | €3,239 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €440,469 | - | €2.5m | - | - | - |
| Remuneration, social security and pensions62 | €883,484 | €1.1m | €1.6m | €1.9m | €2.1m | ▲ 10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €59,125 | €65,020 | €115,170 | €152,597 | €197,751 | ▲ 29.6% |
| Other operating charges640/8 | €2,397 | €4,311 | €5,575 | €2,253 | €4,252 | ▲ 88.7% |
| Non-recurring operating charges66A | €462 | - | - | €762 | - | - |
| Gross operating margin9900 | €949,931 | €1.1m | €1.6m | €2.1m | €2.3m | ▲ 12.6% |
| Operating profit (loss)9901 | €4,464 | -€62,139 | -€139,922 | -€5,858 | €10,340 | ▲ 277% |
| Financial income75/76B | - | - | - | - | €1,530 | - |
| Recurring financial income75 | - | - | - | - | €4 | - |
| Non-recurring financial income76B | - | - | - | - | €1,526 | - |
| Financial charges65/66B | €2,111 | €2,902 | €15,361 | €30,789 | €33,399 | ▲ 8.5% |
| Recurring financial charges65 | €2,111 | €2,902 | €15,361 | €30,789 | €33,399 | ▲ 8.5% |
| Profit (loss) for the period before taxes9903 | €2,353 | -€65,041 | -€155,283 | -€36,647 | -€21,529 | ▲ 41.3% |
| Income taxes67/77 | €536 | €325 | €503 | €722 | €1,653 | ▲ 129% |
| Profit (loss) for the period9904 | €1,816 | -€65,366 | -€155,786 | -€37,369 | -€23,182 | ▲ 38.0% |
| Profit (loss) for the period to be appropriated9905 | €1,816 | -€65,366 | -€155,786 | -€37,369 | -€23,182 | ▲ 38.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €854,724 | €1.3m | €1.7m | €1.9m | €2.0m | ▲ 4.3% |
| Fixed assets21/28 | €162,472 | €456,135 | €607,425 | €970,871 | €1.0m | ▲ 3.9% |
| Tangible fixed assets22/27 | €161,703 | €455,366 | €606,656 | €970,102 | €1.0m | ▲ 3.9% |
| Land and buildings22 | - | - | €47,266 | €69,424 | €61,804 | ▼ 11.0% |
| Plant, machinery and equipment23 | €20,066 | €163,522 | €128,164 | €120,757 | €87,995 | ▼ 27.1% |
| Furniture and vehicles24 | €2,928 | €2,883 | €46,456 | €40,357 | €35,669 | ▼ 11.6% |
| Leasing and similar rights25 | €115,700 | €131,903 | €177,831 | €256,353 | €357,752 | ▲ 39.6% |
| Other tangible fixed assets26 | €23,010 | €18,126 | €30,246 | €483,211 | €439,770 | ▼ 9.0% |
| Assets under construction and advance payments27 | - | €138,931 | €176,692 | - | €25,387 | - |
| Financial fixed assets28 | €769 | €769 | €769 | €769 | €769 | = |
| Current assets29/58 | €692,252 | €830,498 | €1.1m | €953,692 | €998,121 | ▲ 4.7% |
| Amounts receivable within one year40/41 | €344,085 | €810,181 | €710,081 | €797,488 | €860,491 | ▲ 7.9% |
| Trade receivables40 | €176,185 | €693,803 | €542,930 | €531,891 | €560,837 | ▲ 5.4% |
| Other amounts receivable41 | €167,900 | €116,378 | €167,151 | €265,597 | €299,654 | ▲ 12.8% |
| Cash at bank and in hand54/58 | €347,254 | €20,317 | €398,821 | €156,204 | €105,337 | ▼ 32.6% |
| Deferred charges and accrued income490/1 | €913 | - | - | - | €32,292 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €854,724 | €1.3m | €1.7m | €1.9m | €2.0m | ▲ 4.3% |
| Equity10/15 | €499,381 | €434,015 | €278,229 | €240,860 | €217,677 | ▼ 9.6% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €321,860 | €321,860 | €321,860 | €321,860 | €321,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €320,000 | €320,000 | €320,000 | €320,000 | €320,000 | = |
| Profit (loss) carried forward14 | €158,921 | €93,555 | -€62,231 | -€99,600 | -€122,783 | ▼ 23.3% |
| Amounts payable17/49 | €355,343 | €852,618 | €1.4m | €1.7m | €1.8m | ▲ 6.3% |
| Amounts payable after more than one year17 | €69,744 | €73,096 | €350,569 | €687,632 | €625,331 | ▼ 9.1% |
| Financial debts170/4 | €69,744 | €73,096 | €350,569 | €687,632 | €625,331 | ▼ 9.1% |
| Amounts payable within one year42/48 | €285,600 | €779,522 | €1.1m | €996,072 | €1.2m | ▲ 16.9% |
| Current portion of amounts payable after more than one year42 | €45,698 | €45,859 | €148,840 | €226,224 | €242,567 | ▲ 7.2% |
| Trade debts44 | €54,386 | €392,353 | €624,326 | €471,211 | €576,671 | ▲ 22.4% |
| Suppliers440/4 | €54,386 | €392,353 | €624,326 | €471,211 | €576,671 | ▲ 22.4% |
| Taxes, remuneration and social security45 | €185,500 | €229,296 | €313,943 | €298,142 | €345,021 | ▲ 15.7% |
| Taxes450/3 | €34,313 | €62,855 | €89,207 | €12,293 | €49,015 | ▲ 299% |
| Remuneration and social security454/9 | €151,187 | €166,441 | €224,735 | €285,849 | €296,006 | ▲ 3.6% |
| Other amounts payable47/48 | €15 | €112,015 | €420 | €495 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,816 | -€65,366 | -€155,786 | -€37,369 | -€23,182 | ▲ 38.0% |
| + Depreciation and write-downs630 | €59,125 | €65,020 | €115,170 | €152,597 | €197,751 | ▲ 29.6% |
| Operating cash flow (approximation) | €60,941 | -€345 | -€40,616 | €115,228 | €174,569 | ▲ 51.5% |
| Investment in fixed assets (approximation) | - | -€358,683 | -€266,459 | -€516,043 | -€236,026 | ▲ 54.3% |
| Change in cash | - | -€326,937 | €378,504 | -€242,616 | -€50,867 | ▲ 79.0% |
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
10-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 41 days late
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet -€155,786
Net result drops to -€155,786, the lowest in the series; recovery starts the following year.
30-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
07-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
04-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €47,797 ▲86.2%
Operating result €49,186, net result €47,797, both a record.
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
17-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
05-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
22-05
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 10 acts read
About the unread acts
We know of 10 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
10 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 · 2 establishment units since 2003
Ground area
1.6 ha
Building footprint
1,326 m²
Volume, LiDAR
10,403 m³
2 parcels, 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
2 establishment units
COMET SERVICES
since 20032.132.571.229
COMET Services
since 20032.232.250.904
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52050A0025/00R000 | Wallonia | 1.3 ha | 1 · 220 m² | 8.6 m · 2 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
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
2 ownersOwners 2
- Sourceaccounts RECMA 202524.33%
-
24%
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 978 companies in sector 38210 we hold annual accounts for 585. 358 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formCooperative company
Founded10-06-2003
Fiscal year end31-12
Activities, NACEBEL 2025
38210Materials recovery from waste
E-invoicing
Reachable via Peppol
Peppol ID
0208:0480744371
Also
9925:BE0480744371
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.