Public limited company · founded 2002 · 24 yrs activeRivage de Boubier 25, 6200 Châtelet, BelgiumKBO/BCE: BE 0477.841.596
Summary
COMET TRAITEMENTS has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €46.3m and a net result of €2.1m. Equity is growing by ~9.9% per year across the filed fiscal years. Its solvency ranks better than 55% of 231 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
How financially healthy the company is, how likely a bankruptcy is and how much credit is sensible. Start here to know whether you can do business safely.
Score 2025
Checked score
A figure from 0 to 100 for financial health from the latest annual accounts: the higher, the healthier. Without a figure, the card says why. A low score is a reason to look closely at payment terms and security.
Four sides of financial health side by side. You see at a glance where the company is strong and where it is vulnerable.
Profitability69▼-3
Solvency70▲+3
Growth57▼-18
Track record100
Bankruptcy probability, 12 months
Bankruptcy probability
The chance that this company goes bankrupt within twelve months. A low chance is reassuring; with a higher one, agree shorter payment terms or an advance.
0.4%Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000,000 at 30 days acceptable
Liquidity ample (current ratio 1.5 against 1.53 in 2024; short-term debt: 33.4% and cash: 6% of total assets), but 55.5% of the assets are financed with debt.
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 bankruptciesmore bankruptcies →
○
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.
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 24 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.
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
History
History
The company's story in a few sentences, from the company register, the Belgian State Gazette and the filed annual accounts. Each number opens the document the sentence rests on.
COMET TRAITEMENTS was incorporated on 26 June 2002.1In 2026 the capital was increased by EUR 4.9 million to EUR 5.1 million.2Revenue grew from EUR 42 million in 2018 to EUR 82 million in 2025 and headcount from 112 to 175 full-time equivalents.3
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
Net result€6.9mabove the sector's middle half▲ 124%€9.8mabove the sector's middle half▲ 43.6%€3.7mabove the sector's middle half▼ 62.1%€3.0mabove the sector's middle half▼ 19.0%€2.1mabove the sector's middle half▼ 31.0%
Equity€34.7mabove the sector's middle half▲ 24.8%€41.7mabove the sector's middle half▲ 20.1%€44.4mabove the sector's middle half▲ 6.6%€44.6mabove the sector's middle half▲ 0.5%€46.3mabove the sector's middle half▲ 3.8%
Total assets€66.9mabove the sector's middle half▲ 16.5%€91.8mabove the sector's middle half▲ 37.3%€97.4mabove the sector's middle half▲ 6.1%€105.4mabove the sector's middle half▲ 8.2%€104.1mabove the sector's middle half▼ 1.2%
Working capital€20.0mabove the sector's middle half▼ 8.9%€13.7mabove the sector's middle half▼ 31.5%€11.3mabove the sector's middle half▼ 17.3%€17.4mabove the sector's middle half▲ 53.6%€17.5mabove the sector's middle half▲ 1.1%
Solvency51.8%within the sector's middle half▲ 3.4pp45.4%within the sector's middle half▼ 6.5pp45.6%within the sector's middle half▲ 0.2pp42.3%within the sector's middle half▼ 3.2pp44.5%within the sector's middle half▲ 2.2pp
Current ratio2.18within the sector's middle half▼ 0.501.55within the sector's middle half▼ 0.631.41within the sector's middle half▼ 0.141.53within the sector's middle half▲ 0.121.50within the sector's middle half▼ 0.03
Return on assets (ROA)10.2%within the sector's middle half▲ 4.9pp10.7%within the sector's middle half▲ 0.5pp3.8%within the sector's middle half▼ 6.9pp2.9%within the sector's middle half▼ 1.0pp2.0%within the sector's middle half▼ 0.9pp
Staff (FTE)122.2above the sector's middle half▲ 3.9%136.7above the sector's middle half▲ 11.9%154.9above the sector's middle half▲ 13.3%173.7above the sector's middle half▲ 12.1%174.9above the sector's middle half▲ 0.7%
abovewithinbelowthe 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 has fallen three years in a row; 2025 is 37% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €104.1m
49.7%
50.3%
Fixed assets€51.8m ▼ 6.6%
Current assets€52.3m ▲ 4.7%
Equity and liabilities €104.1m
44.5%
55.5%
Equity€46.3m ▲ 3.8%
Debt€57.8m ▼ 5.0%
Debt's share of the balance-sheet total falls from 57.7% to 55.5%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€9.4m▼
2024 · €10.3m
Cash flow
€9.6m▼
2024 · €10.4m
Quick ratio
0.91▼
2024 · 0.99
Debt to equity
1.25▼
2024 · 1.36
ROE
4.5%▼
2024 · 6.8%
Interest coverage
10.51▼
2024 · 15.57
Debt ≤ 1 year
€34.8m▲
2024 · €32.6m
Debt > 1 year
€22.4m▼
2024 · €27.7m
Income taxes
€17,770▼
2024 · €190,284
Staff costs
€14.2m▲
2024 · €13.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observation
Peer companies
What happened to companies that once looked just like this one does now. It describes the group, not this company: the figures are counted, not predicted.
Of the 1,860 companies that looked in July 2024 the way this one looks now, 0.1% went bankrupt within 24 months and 98% are still going.
Medium-sized
20 years or older
solvency 30% or more
a profit under 5% of the balance sheet
0.1%went bankrupt
2.0%stopped otherwise
98%still going
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
The companies in ten equal groups, from lowest to highest expected share.
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%
1.7%
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 75% 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 1,860 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
Filed annual accountsAs filed with the NBB · 2025 against 2024 · 91 lines
Balance sheetCode20242025
Assets
Total assets20/58€105.4m€104.1m▼
Fixed assets21/28€55.4m€51.8m▼
Intangible fixed assets21€1.9m€1.6m▼
Tangible fixed assets22/27€53.5m€50.1m▼
Land and buildings22€10.0m€18.1m▲
Plant, machinery and equipment23€10.2m€28.0m▲
Furniture and vehicles24€2.5m€2.3m▼
Leasing and similar rights25€370,206€299,349▼
Assets under construction and advance payments27€30.4m€1.4m▼
Financial fixed assets28€6,926€6,908▼
Companies linked by participating interests282/3€4,526€4,526=
Participating interests282€4,526€4,526=
Other financial fixed assets284/8€2,400€2,382▼
Shares284€2,000€2,000=
Amounts receivable and cash guarantees285/8€400€382▼
Current assets29/58€50.0m€52.3m▲
Stocks and contracts in progress3€17.8m€20.8m▲
Stocks30/36€17.8m€20.8m▲
Goods purchased for resale34€17.8m€20.8m▲
Amounts receivable within one year40/41€14.5m€16.0m▲
Trade receivables40€10.9m€14.2m▲
Other amounts receivable41€3.7m€1.8m▼
Current investments50/53€8.9m€8.9m=
Own shares50€8.9m€8.9m=
Cash at bank and in hand54/58€8.8m€6.3m▼
Deferred charges and accrued income490/1€26,148€393,540▲
Equity and liabilities
Total equity and liabilities10/49€105.4m€104.1m▼
Equity10/15€44.6m€46.3m▲
Contributions10/11€2.0m€2.0m=
Capital10€2.0m€2.0m=
Issued capital100€2.0m€2.0m=
Reserves13€40.2m€39.3m▼
Non-distributable reserves130/1€9.1m€9.1m=
Legal reserve130€200,000€200,000=
Own shares acquired1312€8.9m€8.9m=
Distributable reserves133€31.1m€30.2m▼
Investment grants15€2.4m€5.1m▲
Amounts payable17/49€60.8m€57.8m▼
Amounts payable after more than one year17€27.7m€22.4m▼
Financial debts170/4€27.7m€22.4m▼
Leasing and similar obligations172€250,450€175,596▼
Credit institutions173€27.5m€22.2m▼
Amounts payable within one year42/48€32.6m€34.8m▲
Current portion of amounts payable after more than one year42€7.5m€8.1m▲
Financial debts43-€3.5m
Credit institutions430/8-€3.5m
Trade debts44€15.2m€12.4m▼
Suppliers440/4€15.2m€12.4m▼
Advances received on contracts in progress46€694,769€3.3m▲
Taxes, remuneration and social security45€2.0m€1.8m▼
Taxes450/3€92,756€79,366▼
Remuneration and social security454/9€1.9m€1.8m▼
Other amounts payable47/48€7.3m€5.6m▼
Accrued charges and deferred income492/3€402,596€620,070▲
Net result drops to €2.1m, the lowest in the series.
10-07
NBB filingAnnual accounts filed
fiscal year 2024 · full schema
2024
16-07
NBB filingAnnual accounts filed
fiscal year 2023 · full schema
2023
04-07
NBB filingAnnual accounts filed
fiscal year 2022 · full schema
2022
31-12
FinancialHighest result since 2018net €9.8m ▲43.6%
Operating result €8.3m, net result €9.8m, both a record.
08-06
NBB filingAnnual accounts filed
fiscal year 2021 · full schema
2021
07-06
NBB filingAnnual accounts filed
fiscal year 2020 · full schema
2020
31-12
FinancialEquity above €25mEq €27.8m ▲14.9%
3 profitable years in a row build equity to €27.8m.
23-06
NBB filingAnnual accounts filed
fiscal year 2019 · full schema
Show earlier events
2019
17-06
NBB filingAnnual accounts filed
fiscal year 2018 · full schema
2018
11-06
NBB filingAnnual accounts filed
fiscal year 2017 · full schema
2017
06-06
NBB filingAnnual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
2 of 20 acts read
About the unread acts
Of the 20 Belgian State Gazette acts we know for this company, 2 have been read. The other 18 have not been read yet: what they contain is neither established nor disproved here.
Who runs the company and where it is based. It tells you who you are talking to and whether the address checks out.
Directors
Directors
Who runs the company today and since when, grouped the way the CBE groups its function holders. Many recent board changes are a reason to keep a close eye.
under verification, last change in 2026
This board is reconstructed from a single act (26349574). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
18 of this company's 20 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Location & real estate
Where the company is based and which parcels are linked to its addresses. An address shared by many companies is often a registered-office service.
Chemin du Pont d'Haine(O) 13, 7034 MonsWaste collection, recovery and disposal activities
since 20092.232.247.637
COMET TRAITEMENTS
Pavé du Roeulx(S-B) 200, 7110 La LouvièreWaste collection, recovery and disposal activities
since 20222.337.975.162
3 parcels
Wallonia3(100%)
Parcel (capakey)
Region
Area
Buildings
Height / fl.
55042A0117/00A000
Wallonia
3.5 ha
1 · 4,437 m²
23.6 m · 4 fl.
53062C0245/00F002
Wallonia
6,779 m²
1 · 174 m²
8.7 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
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
Mandate history
Who held which function and when, per person: one bar per period, from appointment to resignation or to today. An open left edge means the mandate began before the oldest act we hold.
“5° Il fixe les attributions, les pouvoirs et les rémunérations fixes ou variables, imputées sur les frais généraux, des personnes à qui il confère des délégations. I/ Représentation de la société La société est valablement représentée à l’égard des tiers en ce compris dans les actes et en justice…”
Full text
5° Il fixe les attributions, les pouvoirs et les rémunérations fixes ou variables, imputées sur les frais généraux, des personnes à qui il confère des délégations. I/ Représentation de la société La société est valablement représentée à l’égard des tiers en ce compris dans les actes et en justice par deux administrateurs agissant conjointement, dont un Administrateur A. La société peut également être représentée, mais dans les limites de la gestion journalière, par l’ Administrateur Délégué ou par d’autres délégués à cette gestion, agissant seul. Ces représentants n'ont pas à justifier vis-à-vis des tiers d'une décision préalable du conseil d'administration. En outre, la société est valablement engagée par des mandataires spéciaux dans les limites de leur mandat.
Le traitement, la valorisation et le recyclage de déchets provenant de broyage ou de toute autre opération industrielle, la conception et la mise au point de tous procédés et de…
Full purpose (9 activities)
Le traitement, la valorisation et le recyclage de déchets provenant de broyage ou de toute autre opération industrielle, la conception et la mise au point de tous procédés et de toutes installations de ces traitement et recyclage
Toutes opérations mobilières ou immobilières, tant pour son compte que pour le compte de tiers
Toutes activités en matière de services au profit de tiers et constituer des garanties personnelles ou réelles au profit de ces tiers, personnes physiques ou morales
L'étude, l'organisation et le financement, tant en Belgique qu'à l'étranger, de toutes entreprises financières, immobilières, commerciales, industrielles, le placement de capitaux en bourse et la gestion du portefeuille créé à cet effet la participation en tant que membre du conseil d'administration ou de toute autre organe similaire, à la gestion de toute société ou entreprise
Prendre des participations dans toutes affaires commerciales, industrielles, financières, mobilières, ou immobilières, notamment comme intermédiaire ou marchand de biens
Tous placements en valeurs mobilières et s'intéresser par voie d'association, d'apport ou de fusion, de cession, de souscription, de participation, d'intervention financière ou autrement, dans toutes sociétés ou entreprises existantes ou à créer
L'étude, le conseil, la consultation, l'expertise, l'ingénierie et toutes prestations de services dans le cadre des activités prédécrites
Participer à toutes entreprises et opérations se rapportant directement ou indirectement à son objet ou de nature à en favoriser la réalisation et le développement de ses affaires
Exercer les fonctions d'administrateur ou de liquidateur dans d'autres sociétés
Région Wallonne, peut établir ou supprimer des sièges administratifs, d'exploitation, agences et succursales en Belgique ou à l'étranger par simple décision du…
Représentant permanent, administrateur est une personne morale
Vacance, décès, démission ou autre cause
Écrites, convocations du conseil d'administration
Quorum du conseil d'administration, majorité des membres présents ou dûment représentés
Document portant signature de l'administrateur, représenter un autre membre du conseil d'administration à une réunion déterminée et y voter en ses lieu et place
Décisions Importantes, majorité simple des voix des administrateurs présents ou représentés, en ce compris le vote positif de la majorité des Administrateurs A…
À l'exception de ceux que la loi réserve à l'assemblée générale, accomplir tous les actes nécessaires ou utiles à la réalisation de l'objet de la société
Délégation de la gestion journalière, article 5:79 du Code des sociétés et des associations
Autres délégations de gestion journalière, en cas de coexistence de plusieurs délégations générales de pouvoirs, le conseil d'administration fixera les attribut…
Le conseil d'administration peut déléguer des pouvoirs spéciaux et limités à tout mandataire, il fixe les attributions, les pouvoirs et les rémunérations fixes…
Rémunération des administrateurs, le mandat d'administrateur est exercé à titre gratuit
Lettre, e-mail ou tout autre moyen de communication électronique équivalent accepté par le conseil d'administration, pour les assemblées successives convoquées…
Participation à l'AG à distance par voie électronique, le procès-verbal mentionne les éventuels problèmes et incidents techniques qui ont empêché ou perturbé la…
Moyen de communication électronique, contient une description claire et précise des procédures relatives à la participation à distance
Formulaire mis à disposition des actionnaires par le conseil d'administration, exercice du droit de vote par voie électronique avant l'assemblée générale
Who owns the company and which companies it holds shares in, as the companies file it in their annual accounts. It shows which group it belongs to and who ultimately stands behind it.
According to the 2025 annual accounts of COMET TRAITEMENTS and those 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
Connections & network
Which other companies are linked to this one through directors or shares. Look especially for linked companies in trouble.
37 connected companies
Depth
Shared directorsBundled connections
This companyCompanyDirectorShareholding+N: links not shown yetClick a node to look further, drag to arrange, scroll to zoom.
When capital was put in or taken out. An increase often strengthens the company; a reduction deserves a look.
Capital over the years
30-07-2026Capital increase of 17,993.12 EUR · to 123,835.04 EUR · 170 new shares
30-07-2026Capital increase of 4,947,706.88 EUR · to 5,071,541.92 EUR · no new shares · from reserves
30-07-2026Capital reduction of 3,071,541.92 EUR · to 2,000,000 EUR · “prélèvement prioritaire sur le capital fiscalement libéré”
Public money · subsidies and aid
Public money
Subsidies and aid the company received from government. It says something about its projects and the conditions attached.
European Union, budget
European Union, budget
Money this company received from the EU budget. It often points to projects with European partners.
2021 to 2025 · 12 entries · 2,514,566 EUR in total
Year
Entries
awarded
2025
1
669,553 EUR
2023
4
555,095 EUR
2022
4
649,865 EUR
2021
3
640,053 EUR
Projects
EFFICIENT, LOW-COST AND VERSATILE SENSOR-BASED SORTING AND SEPARATION OF COMPLEX WEEE AND ELV PLASTIC WASTE STREAMS, UPCYCLING THEM INTO ADDED-VALUE PRODUCTS FOR EEE AND AUTOMOTIVE INDUSTRY
Programme for Environment and Climate Action · 01-07-2025 to 30-06-2029 · 669,553 EUR · LIFE24-ENV-ES-SENSE4LIFE
RESILEX - RESILIENT ENHANCEMENT FOR THE SILICON INDUSTRY LEVERAGING THE EUROPEAN MATRIX
Horizon Europe · 01-06-2022 to 31-05-2026 · 649,865 EUR
SALEMA - SUBSTITUTION OF CRITICAL RAW MATERIALS ON ALUMINIUM ALLOYS FOR ELECTRICAL VEHICLES
Horizon Europe · 01-05-2021 to 30-04-2024 · 384,061 EUR
MAGELLAN - MAGNETS IN RESILIENT SUPPLY CHAINS
Horizon Europe · 01-01-2024 to 31-12-2026 · 328,945 EUR
PEACOC - PRE-COMMERCIAL PILOT FOR THE EFFICIENT RECOVERY OF PRECIOUS METALS FROM EUROPEAN END OF LIFE RESOURCES WITH NOVEL LOW COST TECHNOLOGIES
Horizon Europe · 01-05-2021 to 30-04-2025 · 253,323 EUR
Show 2 more projects
SOLMATE - REUSE OF SOLAR PV PANELS AND EV BATTERIES FOR LOW COST DECENTRALIZED ENERGY SOLUTIONS AND EFFECTIVE RECYCLING OF CRITICAL RAW MATERIALS FROM THEIR EOL PRODUCTS
Horizon Europe · 01-01-2024 to 31-12-2027 · 226,151 EUR
MMATWO - SECOND GENERATION METHYL METHACRYLATE (MMATWO)
Horizon Europe · 01-10-2018 to 30-09-2022 · 2,669 EUR
European research
European research
European research projects the company takes part in. A sign of innovation and international cooperation.
Horizon Europe · participant · 01-01-2024 to 31-03-2027 · 328,946 EUR · MAGELLAN
Reuse of SOLar PV Panels and EV Batteries for low cost decentralized energy solutions and effective Recycling of critical raw MATErials from their EoL products
Horizon Europe · participant · 01-01-2024 to 31-12-2027 · 284,125 EUR · SOLMATE
Pre-commercial pilot for the efficient recovery of Precious Metals from European end of life resources with novel low cost technologies
Of 978 companies in sector 38210 we hold annual accounts for 587. 96 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Company details
The company's official details: legal form, status, activities and founding date. Useful to draw up an invoice or contract correctly.