Equity
€46.3m ▲ 3.8%
COMET TRAITEMENTS paid out €3.0m in dividends. That is 144% of the 2025 profit.
COMET TRAITEMENTS
Part of the group
COMPAGNIE BELGE DE PARTICIPATIONS INDUSTRIELLES ET IMMOBILIERES
22 companies in 2 countries
See the group
Lifetime
19 annual accounts with figures on one time axis, 22 filings since 2003peak €81.5m (2025)
€81.5m▲ 3.9%
peak €9.8m (2022)
€2.1m▼ 31.0%
peak €46.3m (2025)
€46.3m▲ 3.8%
€57.8m▼ 5.0%
peak 174.9 FTE (2025)
174.9 FTE▲ 0.7%
Board16 names since 2017all names
9 directorsC.B.P.I.I. SA SA and 8 others
Owners2 names in the annual accounts
Documentsfilings and deeds
10-09-202641 days late
2025financial year
Result from €3.0m to €2.1mDividend €3.0m
Key points
from the 2025 annual accountsResult
€2.1m ▼ 31.0%
The result fell in 2025 from €3.0m to €2.1m.
Payment terms
72 days to suppliers
COMET TRAITEMENTS pays its suppliers 19 days earlier than in 2024. Customers pay 13 days later.
At the same address
14 companies
Board
7 joined · 1 left
Board changed. Latest change 16-07-2026 · 9 in office.
Position in the sector
€46.3m
More equity than 95% of companies in waste collection and treatment. Sector median €2.5m · 280 companies.
2025 accounts filed 41 days after the deadline
Checked score
88
Excellent
Financially stronger than 55% of medium-sized companies in waste collection and treatment (NACE 38)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 47 companies (NACE 38, medium-sized).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.1%▼ -0.1 percentage points vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.2%▲ +0.1 percentage points vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.1%▼ -0.1 percentage points vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026lowest value
03-2026: 0.1%● unchanged vs 02-2026lowest value
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.3%▲ +0.2 percentage points vs 07-2026
09-2026: 0.3%● unchanged vs 08-2026highest value
10-2026: 0.2%▼ -0.1 percentage points vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 1.50, cash €6.3m
Last filed accounts filed 41 days late; 1 of the last 3 accounts late
lowers risk
Founded in 2002
Equity €46.3m (44.5% of total assets)
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 38, medium-sized). It does better than 53% of them on solvency, 49% on liquidity, 57% on profitability and 62% on growth.
The bankruptcy probability was computed on 09-11-2026 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 very low class on 30-06-2025, 0.1% 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, 1,887 companies had the same profile as COMET TRAITEMENTS has now. Each dot stands for 5 companies, two years later.
97.9%
were still trading
2.0%
stopped another way
0.1%
went bankrupt
That fits the bankruptcy probability of COMET TRAITEMENTS itself: 0.2% 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 1,887 companies, not a prediction for COMET TRAITEMENTS. 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
Credit of up to €4,050,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.5 (1.53 in 2024), above the usual 1.5. Short-term debt is 33.4% and cash 6% of total assets. However, 55.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
41 days late
2024
21 days early
2023
15 days early
2022
27 days early
2021
53 days early
2020
54 days early
2019
38 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 24 days before the deadline. In the sector (NACE 38), the median for financial year 2024 was 8 days before the deadline, and 32% 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. The company usually files around 10 July (4 of the last 5 accounts filed within 32 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
SF
Société Fédérale des Participations et Investissement SA SA
Director, since 21-04-2022
- COMPAGNIE BELGE DE PARTICIPATIONS INDUSTRIELLES ET IMMOBILIERES 85.47%score 82equity €29.9m (2025) · 2025 annual accounts of COMPAGNIE BELGE DE PARTICIPATIONS INDUSTRIELLES ET IMMOBILIERES
Shares in 3 companies, including RECYCAR and COMET SERVICES
Board & ownershipRecent changes
2 directors appointed, 2 resignations
Capital from €105,841.92 to €123,835.04, 170 new shares · Capital from €123,835.04 to €5,071,541.92 · Capital from €5,071,541.92 to €2,000,000 · General meeting of 16-07-2026 · Gazette deed
1 director resigning
Bernard BEYNE · Permanent representatives: Philippe Grosjean, François Fontaine and Olivier Bouchat · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0477841596
Permanent representative: Olivier BOUCHAT
General meeting of 06-06-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| COMET TRAITEMENTS Châtelet | €81.5m | 2.3% | 44.5% | 174.9 |
| BRUXELLES ENERGIE - BRUSSEL ENERGIE Brussels | €49.5m | 3.6% | 64.6% | 117.5 |
| Intergemeentelijke Vereniging voor Afvalbeheer in Gent en Omstreken Ghent | €81.1m | 0.1% | 65.3% | 399 |
| CAMPINE RECYCLING Beerse | €139.8m | 6.2% | 54.9% | 85.6 |
| RYMOPLAST Lommel | €62.8m | 2.8% | 52.8% | 90.8 |
| INTERGEMEENTELIJK SAMENWERKINGSVERBAND VOOR VUILVERWIJDERING EN- VERWERKING IN BRUGGE EN OMMELAND Bruges | €55.6m | 1.8% | 59.0% | 232.7 |
| RAVAGO PRODUCTION Arendonk | €37.0m | 5.2% | 40.3% | 199.1 |
Grey: the largest companies of the sector (waste collection and treatment (NACE 38)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as COMET TRAITEMENTS: materials recovery from waste (NACE 38210). They are comparable in size and age: total assets between €33m and €80m, founded between 1974 and 2007.
Official details
Source: KBO- Status
- Active since 26-06-2002Normal situation
- Registered office
- 15 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 10 November 2026.
- Activity
- Materials recovery from wasteNACE 38210
- Joint committees
- 142.01Recovery of raw materials
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment units
- 2.131.722.8746200 Châtelet, since 26-09-2002
- 2.232.247.6377034 Mons, since 02-05-2009and 1 other
- Financial year end
- 31 December
- Peppol
- Reachable since 19-11-2025
Annual accounts 2025
- €104.1m▼ 1.2%
- Employeeson 31-12-2025
- 176▲ 1.7%
- Filing
- Filed on 10-09-2026
Companies linked to COMET TRAITEMENTS
Subsidiaries and holdings
- REVERSE METALLURGY9.09%
Insights on COMET TRAITEMENTS
COMET TRAITEMENTS has existed since 2002. Turnover grew from €27.4m in 2007 to €81.5m in 2025 and staff from 15.8 to 174.9 full-time equivalents.
COMPAGNIE BELGE DE PARTICIPATIONS INDUSTRIELLES ET IMMOBILIERES holds 85.47% of 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 COMET TRAITEMENTS
- What is the company number of COMET TRAITEMENTS?
- The company number of COMET TRAITEMENTS is 0477.841.596. The VAT number is the same number with BE in front: BE 0477.841.596.
- Where is COMET TRAITEMENTS based?
- The registered office is at Rivage de Boubier 25, 6200 Châtelet.Company details
- What does COMET TRAITEMENTS do?
- According to the KBO register, the main activity is materials recovery from waste (NACE 38210).
- What is the legal form of COMET TRAITEMENTS?
- COMET TRAITEMENTS is a public limited company (NV).
- When was COMET TRAITEMENTS founded?
- COMET TRAITEMENTS was founded on 26-06-2002.
- Is COMET TRAITEMENTS still active?
- Yes, COMET TRAITEMENTS is an active enterprise in the KBO register.
- How many employees does COMET TRAITEMENTS have?
- COMET TRAITEMENTS had an average of 174.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does COMET TRAITEMENTS fall under?
- In its 2025 annual accounts, COMET TRAITEMENTS states joint committees 142.01 (Recovery of raw materials) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of COMET TRAITEMENTS?
- The turnover of COMET TRAITEMENTS was €81.5m in financial year 2025, according to the filed annual accounts.
- Is COMET TRAITEMENTS profitable?
- In financial year 2025, COMET TRAITEMENTS made a profit of €2.1m.
- Where can I find the annual accounts of COMET TRAITEMENTS?
- COMET TRAITEMENTS filed 22 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of COMET TRAITEMENTS due?
- COMET TRAITEMENTS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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