COMET TYRE RECYCLING has been active since 2001 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €708,459 and a net result of €710,923. Equity is growing by about 9.4% per year across the filed financial years. Its solvency ranks better than 16% of 277 sector peers (NACE 38, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Auditor: SRL BMS & C°Accounts filed 41 days late2 of 10 deeds read
Why 87raises riskEquity €708,459 (13.0% of total assets)Latest accounts 41 days late; 1 of the last 3 latelowers riskSize: 10.7 FTE, total assets €5.4mFounded in 2001Show the evidence
Checked score
Score 2025
Checked score
A figure from 0 to 100: the higher it is, the smaller the chance that the company goes bankrupt within twelve months. The band, from Critical to Excellent, follows from that chance; within the band, how the company does against its sector peers counts too. With a low score, agree a shorter payment term, an advance or security.
87/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 43% of its sector peers (NACE 38, small)
How strong the balance sheet and results are: solvency, liquidity and profitability from the latest annual accounts, each out of 100. It does not directly set the Checked score's band; how the company does on these and on growth against its sector peers does count for its place within the band.
Average
Solvency38-7
equity 13.0% of total assets
Liquidity50+4
short-term debt 42.6% · cash 16.5%
Profitability85-15
return on assets 13.1%
Bankruptcy probability, 12 months
Bankruptcy probability
The chance that the company goes bankrupt within twelve months, estimated from the registers, the annual accounts and the Belgian Official Gazette. 0.2% means about 2 in 1,000 comparable companies. The higher it is, the shorter the payment term to agree.
0.2%Very low
0%0.5%1.5%4%10%≥ 25%
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Sector median 0.3% (200 companies, NACE 38, small)
Last 24 months11-2024: 0.1%12-2024: 0.1%● unchanged vs 11-202401-2025: 0.1%● unchanged vs 12-202402-2025: 0.1%● unchanged vs 01-202503-2025: 0.1%● unchanged vs 02-202504-2025: 0.1%● unchanged vs 03-202505-2025: 0.1%● unchanged vs 04-202506-2025: 0.1%● unchanged vs 05-202507-2025: 0.2%▲ +0.1 percentage points vs 06-202508-2025: 0.1%▼ -0.1 percentage points vs 07-2025lowest value09-2025: 0.1%● unchanged vs 08-2025lowest value10-2025: 0.1%● unchanged vs 09-2025lowest value11-2025: 0.1%● unchanged vs 10-2025lowest value12-2025: 0.1%● unchanged vs 11-2025lowest value01-2026: 0.1%● unchanged vs 12-2025lowest value02-2026: 0.1%● unchanged vs 01-2026lowest value03-2026: 0.1%● unchanged vs 02-2026lowest value04-2026: 0.1%● unchanged vs 03-202605-2026: 0.1%● unchanged vs 04-202606-2026: 0.1%● unchanged vs 05-202607-2026: 0.1%● unchanged vs 06-202608-2026: 0.3%▲ +0.2 percentage points vs 07-202609-2026: 0.4%▲ +0.1 percentage points vs 08-2026highest value10-2026: 0.2%▼ -0.2 percentage points vs 09-2026
Credit of up to €60,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.18, compared with 0.87 in 2024, below the usual 1.5; short-term debt: 42.6% and cash: 16.5% of total assets), and 87% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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, small): better than 16% on solvency, 62% on liquidity, 85% on profitability and 9% on growth.
The bankruptcy probability was computed on 19-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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.
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 23 days before the deadline; the sector median (NACE 38) for financial year 2024 is 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 8 July (4 of the last 5 filed years within 31 days of that day).
19-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
Annual accounts filedfinancial year 2025 · full…
Resignations: BAREEL Pierre-François, DEMOULIN Hervé and…Appointments: COMPAGNIE BELGE DE PARTICIPATIONS…
Appointment: BMS & C° SRL (statutory…Gazette deed
Financials · financial year 2025, full format
2025 annual accounts filed late (41 days)Filed on 10 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00512667.
Turnover
Turnover
What the company sold in the financial year. Rising revenue points to growth; compare with last year and with the sector.
2021 to 2025, 5 financial years2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 58% below 2024 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.8m2025Net result€0.7m2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€5.4m2025Equity€0.7m2025Debt€4.6m2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.4m2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)13.1%2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency13.0%2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.182025
Average staff in full-time equivalents (FTE).
Staff (FTE)10.72025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 38, Waste collection, recovery and disposal activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
Net result€0.4m-€0.4m▼ 0.2%€0.2mwithin the sector's middle half▼ 49.2%€1.1mabove the sector's middle half▲ 444%€1.1mabove the sector's middle half▼ 6.3%€1.5mabove the sector's middle half▲ 46.1%€1.6mabove the sector's middle half▲ 0.4%€0.7mwithin the sector's middle half▼ 54.2%
Equity€0.6m-€0.4m▼ 33.5%€0.2mbelow the sector's middle half▼ 41.2%€0.6mwithin the sector's middle half▲ 137%€0.7mwithin the sector's middle half▲ 28.4%€0.7mwithin the sector's middle half▼ 7.3%€1.0mwithin the sector's middle half▲ 49.9%€0.7mwithin the sector's middle half▼ 29.0%
Total assets€2.4m-€1.7m▼ 29.3%€1.8mwithin the sector's middle half▲ 2.2%€2.5mwithin the sector's middle half▲ 39.3%€3.4mwithin the sector's middle half▲ 38.2%€4.2mwithin the sector's middle half▲ 24.3%€5.1mwithin the sector's middle half▲ 21.2%€5.4mwithin the sector's middle half▲ 6.3%
Working capital€0.8m-€0.6m▼ 31.0%€0.7mwithin the sector's middle half▲ 17.5%€0.9mwithin the sector's middle half▲ 33.2%€0.6mwithin the sector's middle half▼ 36.9%€0.5mwithin the sector's middle half▼ 19.4%-€0.4mbelow the sector's middle half€0.4mwithin the sector's middle half
Solvency24.7%-23.2%▼ 1.5pp13.4%below the sector's middle half▼ 9.9pp22.8%within the sector's middle half▲ 9.4pp21.1%within the sector's middle half▼ 1.6pp15.8%below the sector's middle half▼ 5.4pp19.5%below the sector's middle half▲ 3.7pp13.0%below the sector's middle half▼ 6.5pp
Current ratio1.57-1.61▲ 0.041.74within the sector's middle half▲ 0.131.75within the sector's middle half=1.36within the sector's middle half▼ 0.391.18within the sector's middle half▼ 0.180.87below the sector's middle half▼ 0.311.18within the sector's middle half▲ 0.31
Return on assets (ROA)16.8%-23.7%▲ 6.9pp11.8%above the sector's middle half▼ 11.9pp46.0%above the sector's middle half▲ 34.2pp31.2%above the sector's middle half▼ 14.8pp36.7%above the sector's middle half▲ 5.5pp30.4%above the sector's middle half▼ 6.3pp13.1%above the sector's middle half▼ 17.3pp
Staff (FTE)3.1-5.8▲ 87.1%6.6within the sector's middle half▲ 13.8%5.8below the sector's middle half▼ 12.1%7.2within the sector's middle half▲ 24.1%8.1within the sector's middle half▲ 12.5%8.4within the sector's middle half▲ 3.7%10.7within the sector's middle half▲ 27.4%
abovewithinbelowthe middle half of NACE 38, Waste collection, recovery and disposal activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.4m
49.9%
50.1%
Fixed assets€2.7m ▲ 6.3%
Current assets€2.7m ▲ 6.3%
Equity and liabilities €5.4m
13.0%
84.1%
Equity€708,459 ▼ 29.0%
Provisions€155,430 =
Debt€4.6m ▲ 15.4%
Debt's share of the balance-sheet total rises from 77.5% to 84.1%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€1.3m▼
2024 · €2.2m
Cash flow
€1.3m▼
2024 · €1.9m
Debt to equity
6.46▲
2024 · 3.97
ROE
100.3%▼
2024 · 155.8%
Interest coverage
22.38▼
2024 · 68.72
Debt ≤ 1 year
€2.3m▼
2024 · €3.0m
Debt > 1 year
€2.1m▲
2024 · €824,097
Income taxes
€12,922▼
2024 · €290,354
Staff costs
€806,894▲
2024 · €576,661
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 2,613 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 97.3% are still going.
Small
20 years or older
solvency 10 to 30%
a profit of 5% of the balance sheet or more
0.7%went bankrupt
2.0%stopped otherwise
97.3%still going
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
The companies in ten equal groups, from lowest to highest expected share.
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%
1.0%
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%
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 2,613 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 · 67 lines
Balance sheetCode20242025
Assets
Total assets20/58€5.1m€5.4m▲
Fixed assets21/28€2.6m€2.7m▲
Intangible fixed assets21€0.02m-
Tangible fixed assets22/27€2.5m€2.7m▲
Land and buildings22€0.05m€0.04m▼
Plant, machinery and equipment23€0.3m€2.1m▲
Furniture and vehicles24€0.3m€0.2m▼
Leasing and similar rights25€0.5m€0.3m▼
Assets under construction and advance payments27€1.3m-
Financial fixed assets28€116€116=
Current assets29/58€2.6m€2.7m▲
Amounts receivable within one year40/41€1.5m€0.6m▼
Trade receivables40€0.8m€0.6m▼
Other amounts receivable41€0.7m-
Current investments50/53-€1.2m
Cash at bank and in hand54/58€1.1m€0.9m▼
Deferred charges and accrued income490/1-€0.003m
Equity and liabilities
Total equity and liabilities10/49€5.1m€5.4m▲
Equity10/15€1.0m€0.7m▼
Contributions10/11€0.06m€0.06m=
Capital10€0.06m€0.06m=
Issued capital100€0.06m€0.06m=
Reserves13€0.07m€0.07m=
Non-distributable reserves130/1€0.006m€0.006m=
Legal reserve130€0.006m€0.006m=
Tax-exempt reserves132€0.07m€0.07m=
Profit (loss) carried forward14€0.9m€0.6m▼
Investment grants15€0-
Provisions and deferred taxes16€0.2m€0.2m=
Provisions for liabilities and charges160/5€0.1m€0.1m=
Major repairs and maintenance162€0.1m€0.1m=
Deferred taxes168€0.02m€0.02m=
Amounts payable17/49€4.0m€4.6m▲
Amounts payable after more than one year17€0.8m€2.1m▲
Financial debts170/4€0.8m€2.1m▲
Amounts payable within one year42/48€3.0m€2.3m▼
Current portion of amounts payable after more than one year42€0.3m€0.6m▲
Trade debts44€0.9m€0.2m▼
Suppliers440/4€0.9m€0.2m▼
Taxes, remuneration and social security45€0.5m€0.4m▼
Taxes450/3€0.4m€0.4m▼
Remuneration and social security454/9€0.08m€0.08m▼
Other amounts payable47/48€1.2m€1.0m▼
Accrued charges and deferred income492/3€0.2m€0.2m▼
Income statementCode20242025
Non-recurring operating income76A-€0.005m
Remuneration, social security and pensions62€0.6m€0.8m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.4m€0.5m▲
Other operating charges640/8€0.004m€0.006m▲
Non-recurring operating charges66A€0.05m€0.001m▼
Gross operating margin9900€2.8m€2.1m▼
Operating profit (loss)9901€1.8m€0.8m▼
Financial income75/76B€0.05m€0.008m▼
Recurring financial income75€0.05m€0.008m▼
Financial charges65/66B€0.03m€0.06m▲
Recurring financial charges65€0.03m€0.06m▲
Profit (loss) for the period before taxes9903€1.8m€0.7m▼
Transfer from deferred taxes780€470-
Income taxes67/77€0.3m€0.01m▼
Profit (loss) for the period9904€1.6m€0.7m▼
Transfer from tax-exempt reserves789€0.001m-
Profit (loss) for the period to be appropriated9905€1.6m€0.7m▼
Appropriation of the result
Profit (loss) to be appropriated9906€2.1m€1.6m▼
Profit (loss) brought forward from the previous period14P€0.5m€0.9m▲
Profit to be distributed694/7€1.2m€1.0m▼
Return on contributions (dividend)694€0.4m€0.3m▼
Directors or managers695€0.8m€0.7m▼
Social balance sheet
Average headcount (FTE)90878.410.7▲
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Line
2018
2019
2020
2021
2022
2023
2024
2025
Change
Non-recurring operating income76A
-
-
-
-
€0.04m
€0.07m
-
€0.005m
-
Remuneration, social security and pensions62
-
-
-
€0.3m
€0.4m
€0.5m
€0.6m
€0.8m
▲ 39.9%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630
€0.09m
€0.1m
€0.07m
€0.08m
€0.1m
€0.3m
€0.4m
€0.5m
▲ 43.0%
Other operating charges640/8
-
-
-
€0.006m
€0.006m
€0.006m
€0.004m
€0.006m
▲ 65.4%
Non-recurring operating charges66A
-
-
-
-
€0.01m
-
€0.05m
€0.001m
▼ 98.7%
Gross operating margin9900
€0.6m
€1.0m
€0.8m
€1.4m
€1.9m
€2.6m
€2.8m
€2.1m
▼ 24.8%
Operating profit (loss)9901
€0.4m
€0.6m
€0.4m
€1.0m
€1.3m
€1.8m
€1.8m
€0.8m
▼ 57.6%
Financial income75/76B
-
-
-
€0.001m
€1
€0.003m
€0.05m
€0.008m
▼ 83.1%
Recurring financial income75
€0.02m
€0.02m
€0.008m
€0.001m
€1
€0.003m
€0.05m
€0.008m
▼ 83.1%
Financial charges65/66B
-
-
-
-€0.4m
€0.008m
€0.01m
€0.03m
€0.06m
▲ 83.4%
Recurring financial charges65
-€0.2m
€0.005m
€0.005m
€0.004m
€0.008m
€0.01m
€0.03m
€0.06m
▲ 83.4%
Non-recurring financial charges66B
-
-
-
-€0.4m
-
-
-
-
-
Profit (loss) for the period before taxes9903
€0.6m
€0.6m
€0.5m
€1.4m
€1.3m
€1.8m
€1.8m
€0.7m
▼ 60.7%
Transfer from deferred taxes780
-
-
-
-
-
-
€470
-
-
Transfer to deferred taxes680
-
-
-
-
€0.009m
€0.01m
-
-
-
Income taxes67/77
€0.2m
€0.2m
€0.3m
€0.3m
€0.3m
€0.2m
€0.3m
€0.01m
▼ 95.5%
Profit (loss) for the period9904
€0.4m
€0.4m
€0.2m
€1.1m
€1.1m
€1.5m
€1.6m
€0.7m
▼ 54.2%
Transfer from tax-exempt reserves789
-
-
-
-
-
-
€0.001m
-
-
Transfer to tax-exempt reserves689
-
-
-
-
€0.03m
€0.04m
-
-
-
Profit (loss) for the period to be appropriated9905
€0.4m
€0.4m
€0.2m
€1.1m
€1.0m
€1.5m
€1.6m
€0.7m
▼ 54.3%
Line
2018
2019
2020
2021
2022
2023
2024
2025
Change
Assets
Total assets20/58
€2.4m
€1.7m
€1.8m
€2.5m
€3.4m
€4.2m
€5.1m
€5.4m
▲ 6.3%
Fixed assets21/28
€0.1m
€0.2m
€0.2m
€0.3m
€1.2m
€1.2m
€2.6m
€2.7m
▲ 6.3%
Intangible fixed assets21
€0.01m
€0.01m
€0.007m
€0.004m
€0.001m
€0
€0.02m
-
-
Tangible fixed assets22/27
€0.1m
€0.2m
€0.2m
€0.3m
€1.2m
€1.2m
€2.5m
€2.7m
▲ 7.1%
Land and buildings22
-
-
-
€0.02m
€0.06m
€0.06m
€0.05m
€0.04m
▼ 18.1%
Plant, machinery and equipment23
-
-
-
€0.2m
€0.2m
€0.3m
€0.3m
€2.1m
▲ 583%
Furniture and vehicles24
-
-
-
€0.002m
€0.02m
€0.08m
€0.3m
€0.2m
▼ 25.9%
Leasing and similar rights25
-
-
-
€0.07m
€0.9m
€0.7m
€0.5m
€0.3m
▼ 34.9%
Assets under construction and advance payments27
-
-
-
-
-
€0.04m
€1.3m
-
-
Financial fixed assets28
€116
€116
€116
€116
€116
€116
€116
€116
=
Current assets29/58
€2.3m
€1.5m
€1.6m
€2.1m
€2.2m
€3.0m
€2.6m
€2.7m
▲ 6.3%
Amounts receivable within one year40/41
€0.6m
€0.5m
€0.5m
€0.6m
€0.6m
€1.9m
€1.5m
€0.6m
▼ 58.3%
Trade receivables40
-
-
-
€0.6m
€0.6m
€0.9m
€0.8m
€0.6m
▼ 21.5%
Other amounts receivable41
-
-
-
€0.007m
-
€1.0m
€0.7m
-
-
Current investments50/53
-
-
-
-
-
-
-
€1.2m
-
Cash at bank and in hand54/58
€1.7m
€1.0m
€1.1m
€1.5m
€1.6m
€1.1m
€1.1m
€0.9m
▼ 15.7%
Deferred charges and accrued income490/1
-
-
-
-
-
-
-
€0.003m
-
Equity and liabilities
Total equity and liabilities10/49
€2.4m
€1.7m
€1.8m
€2.5m
€3.4m
€4.2m
€5.1m
€5.4m
▲ 6.3%
Equity10/15
€0.6m
€0.4m
€0.2m
€0.6m
€0.7m
€0.7m
€1.0m
€0.7m
▼ 29.0%
Contributions10/11
€0.06m
€0.06m
€0.06m
€0.06m
€0.06m
€0.06m
€0.06m
€0.06m
=
Capital10
-
-
-
€0.06m
€0.06m
€0.06m
€0.06m
€0.06m
=
Issued capital100
-
-
-
€0.06m
€0.06m
€0.06m
€0.06m
€0.06m
=
Reserves13
€0.02m
€0.006m
€0.006m
€0.006m
€0.03m
€0.07m
€0.07m
€0.07m
=
Non-distributable reserves130/1
-
-
-
€0.006m
€0.006m
€0.006m
€0.006m
€0.006m
=
Legal reserve130
-
-
-
€0.006m
€0.006m
€0.006m
€0.006m
€0.006m
=
Tax-exempt reserves132
-
-
-
-
€0.03m
€0.07m
€0.07m
€0.07m
=
Profit (loss) carried forward14
€0.5m
€0.3m
€0.2m
€0.5m
€0.6m
€0.5m
€0.9m
€0.6m
▼ 33.5%
Investment grants15
-
-
-
-
-
€0
€0
-
-
Provisions and deferred taxes16
€0.1m
€0.1m
€0.4m
€0.4m
€0.1m
€0.2m
€0.2m
€0.2m
=
Provisions for liabilities and charges160/5
-
-
-
€0.4m
€0.1m
€0.1m
€0.1m
€0.1m
=
Taxes161
-
-
-
€0.2m
-
-
-
-
-
Major repairs and maintenance162
-
-
-
-
-
€0.1m
€0.1m
€0.1m
=
Environmental obligations163
-
-
-
€0.1m
€0.1m
-
-
-
-
Deferred taxes168
-
-
-
-
€0.009m
€0.02m
€0.02m
€0.02m
=
Amounts payable17/49
€1.7m
€1.2m
€1.2m
€1.5m
€2.5m
€3.4m
€4.0m
€4.6m
▲ 15.4%
Amounts payable after more than one year17
€0.07m
€0.1m
€0.08m
€0.2m
€0.9m
€0.7m
€0.8m
€2.1m
▲ 153%
Financial debts170/4
-
-
-
€0.2m
€0.9m
€0.7m
€0.8m
€2.1m
▲ 153%
Amounts payable within one year42/48
€1.5m
€0.9m
€0.9m
€1.2m
€1.6m
€2.6m
€3.0m
€2.3m
▼ 21.7%
Current portion of amounts payable after more than one year42
-
-
-
€0.09m
€0.3m
€0.3m
€0.3m
€0.6m
▲ 97.0%
Trade debts44
€0.2m
€0.2m
€0.3m
€0.2m
€0.1m
€0.4m
€0.9m
€0.2m
▼ 72.7%
Suppliers440/4
-
-
-
€0.2m
€0.1m
€0.4m
€0.9m
€0.2m
▼ 72.7%
Taxes, remuneration and social security45
-
-
-
€0.1m
€0.3m
€0.2m
€0.5m
€0.4m
▼ 11.9%
Taxes450/3
-
-
-
€0.07m
€0.2m
€0.2m
€0.4m
€0.4m
▼ 13.6%
Remuneration and social security454/9
-
-
-
€0.04m
€0.05m
€0.06m
€0.08m
€0.08m
▼ 2.9%
Other amounts payable47/48
-
-
-
€0.8m
€0.9m
€1.6m
€1.2m
€1.0m
▼ 18.3%
Accrued charges and deferred income492/3
-
-
-
€0.1m
€0.08m
€0.2m
€0.2m
€0.2m
▼ 4.4%
Line
2018
2019
2020
2021
2022
2023
2024
2025
Change
Profit (loss) for the period9904
€0.4m
€0.4m
€0.2m
€1.1m
€1.1m
€1.5m
€1.6m
€0.7m
▼ 54.2%
+ Depreciation and write-downs630
€0.09m
€0.1m
€0.07m
€0.08m
€0.1m
€0.3m
€0.4m
€0.5m
▲ 43.0%
Operating cash flow (approximation)
€0.5m
€0.5m
€0.3m
€1.2m
€1.2m
€1.9m
€1.9m
€1.3m
▼ 35.1%
Investment in fixed assets (approximation)
-
-€0.2m
-€0.05m
-€0.2m
-€1.0m
-€0.3m
-€1.7m
-€0.7m
▲ 59.6%
Change in cash
-
-€0.7m
€0.04m
€0.5m
€0.04m
-€0.5m
-€0.07m
-€0.2m
▼ 144%
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Of the 966 active companies whose main activity is materials recovery from waste (NACE 38210), figures are known for 585. 418 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts
1 award · 2025
2024-060 - ACCORD-CADRE DE SERVICES (ACCOMPAGNÉS DE FOURNITURES CONNEXES) AYANT POUR OBJET LA GESTION DES DÉCHETS PRODUITS PAR CERTAINES ADMINISTRATIONS PUBLIQUES AFFILIÉES À TIBI AINSI QUE LA GESTION DE CERTAINS DÉCHETS GÉNÉRÉS PAR LES ACTIVITÉS DE TIBI: 2024-060 - LOT 03 - Gestion des déchets de pneus
buyer: Tibi - Société coopérative - Intercommunale - Entreprise publique de Gestion intégrée des DéchetsSewage, refuse, cleaning and environmental servicesawarded 04-02-2025€10,8302 tendersTED 82821-2025
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. Values as the buyer published them; for a framework agreement, a ceiling.
Directors
Directors
Directors
Who runs the company today and since when, grouped the way the KBO groups its office 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 (26350362). 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.
Not every act has been read: a resignation may still be missing
8 of this company's 10 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.
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.
Source: Belgian Official Gazette (bankruptcies, judicial dissolutions, board mandates), FPS Economy (strike-offs) and the KBO register. A bankruptcy, dissolution or strike-off says nothing about the director's part in it. Only boards we have read from the Gazette; other companies may still be missing.
Owners and capital
Owners
Owners
Who owns the company, as the companies file it in their annual accounts, with the chain of control up to the highest known parent.
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it.
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 include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
Capital and shareholders
When capital was put in or taken out. An increase often strengthens the company; a reduction deserves a look.
Capital over the years
03-08-2026Capital stated in the deed · €62,000 · 62 shares
The company's story in a few sentences, from the company register, the Belgian Official Gazette and the filed annual accounts. Each number opens the document the sentence rests on.
On 22 June 2001, COMET TYRE RECYCLING was incorporated.1Total assets went from €2.4m in 2018 to €5.4m in 2025 and headcount from 3.1 to 10.7 full-time equivalents.2
Next filing, financial year 2026, expected by
31-07-2027
2026
10-09
NBB filingAnnual accounts filed
financial year 2025 · full format · 41 days late
03-08
Gazette deedResignations: BAREEL Pierre-François, DEMOULIN Hervé and 3 others
Appointments: COMPAGNIE BELGE DE PARTICIPATIONS INDUSTRIELLES ET IMMOBILIERES, GROSJEAN Aurore and 6 others · Capital · Registered office clause18 facts ▸
General meeting, “concordance avec le Code des sociétés et des associations et avec le pacte d'actionnaires, adoption de nouveaux statuts” (deed in French)
Capital, €62,000
Director resignation, BAREEL Pierre-François (director and managing director)
Director resignation, DEMOULIN Hervé (director)
Director resignation, GROSJEAN Aurore (director)
Director resignation, GROSJEAN Maxime (director)
Director resignation, COMPAGNIE BELGE DE PARTICIPATIONS INDUSTRIELLES ET IMMOBILIERES (director)
Director appointment, COMPAGNIE BELGE DE PARTICIPATIONS INDUSTRIELLES ET IMMOBILIERES (class A director)
Director appointment, GROSJEAN Aurore (class A director)
Director appointment, GROSJEAN Charlotte (class A director)
Director appointment, GROSJEAN Maxime (class A director)
Director appointment, SOCIETE FEDERALE DE PARTICIPATIONS ET D'INVESTISSEMENT (class B director)
Net result drops to €207,673, the lowest in the series; recovery starts the following year.
23-06
NBB filingAnnual accounts filed
financial year 2019 · full format
Show earlier events
2019
17-06
NBB filingAnnual accounts filed
financial year 2018 · full format
2018
05-06
NBB filingAnnual accounts filed
financial year 2017 · full format
2017
28-06
NBB filingAnnual accounts filed
financial year 2016 · full format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 24 annual accounts filed, the latest 10 are here; all 24 are under Financials.
2 of 10 deeds read
About the unread acts
Of the 10 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 8 have not been read yet: what they contain is neither established nor disproved here.
PurposeThe activities the company may carry out under its articles.
“L'achat, la vente, la transformation, l'importation, l'exportation, le négoce, le courtage, de tous produits plastiques, caoutchouteux ou…” (deed in French)
5 activities (deed in French)
L'achat, la vente, la transformation, l'importation, l'exportation, le négoce, le courtage, de tous produits plastiques, caoutchouteux ou autres, celle liste étant énonciative et non pas limitative
Se porter caution et donner toute sûreté personnelle ou réelle en faveur de toute personne ou société, liée ou non
Réaliser toutes opérations généralement quelconques, commerciales, industrielles, financières, mobilières ou immobilières, ayant un rapport direct ou indirect avec son objet ou de nature à en favoriser la réalisation et le développement
S'intéresser par voie d'apport, de souscription, de cession, de participation, de fusion, d'intervention financière ou autrement dans toutes sociétés, associations et entreprises, tant en Belgique qu'à l'étranger
DurationHow long the company exists; usually unlimited, so until it is dissolved.
Unlimited
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Région Wallonne, le conseil d'administration a le pouvoir de déplacer le siège par simple décision, dans le respect des limites de l'article…” (deed in French)
Who signsWho may bind the company towards others, for example by signing a contract.
“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…”
Board ruleHow the board is made up, meets and takes decisions.
“Conseil d’administration, 7” (deed in French)
“Invites, droit d’assister à toutes les réunions du conseil d’administration avec voix consultative” (deed in French)
“Le conseil d’administration de la société nomme parmi ses membres un président, étant entendu que le président du conseil d’administration…” (deed in French)
“Quorum, la majorité de ses membres sont présents ou dûment représentés” (deed in French)
“Donner mandat à un autre membre du conseil d’administration pour le représenter à une réunion déterminée du conseil d’administration et y…” (deed in French)
“Accomplir tous les actes nécessaires ou utiles à la réalisation de l'objet de la société, Pouvoirs du conseil d'administration” (deed in French)
“Gestion journalière, pouvoirs de gestion journalière (au sens de l'article 5:79 du Code des sociétés et des associations) délégués par le…” (deed in French)
“Rémunération des administrateurs, mandat d'administrateur exercé à titre gratuit” (deed in French)
Kind of sharesWhich classes of shares exist and what rights each class carries.
“Toute action est indivisible” (deed in French)
1 more provision on this in the deed
Records ruleWhich registers the company keeps, such as the share register, and how.
“Les copies à délivrer aux tiers sont signées par un ou plusieurs membres du conseil d'administration ayant le pouvoir de représentation, Ils…” (deed in French)
Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
“Cessions et transmissions d'actions, à titre onéreux ou gratuit, à des tiers non actionnaires” (deed in French)
Financial instrumentSecurities other than shares, such as bonds or warrants, the company can issue.
2 provisions in the deed
Profit allocationHow profit is distributed; a BV may only pay out after a balance-sheet and liquidity test.
“1/10 of capital, 5” (deed in French)
Membership ruleWho can become a member or partner, and on what terms.
“Composition de l'assemblée générale, L'assemblée générale se compose de tous les propriétaires d'actions qui ont le droit de voter par…” (deed in French)
Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
First Tuesday of June at 16:00
Meeting noticeHow and how far ahead shareholders are invited to a meeting; by law at least fifteen days.
“E-mail, Toute personne peut renoncer à cette convocation et, en tout cas, sera considérée comme ayant été régulièrement convoquée si elle…” (deed in French)
Meeting accessWho may attend the meeting and what is needed to be admitted.
One provision in the deed
Meeting procedureHow the meeting runs, from opening to minutes.
“Une liste de présence indiquant le nom des actionnaires et le nombre de leurs titres est signée par chacun d'eux ou par son mandataire avant…” (deed in French)
Meeting chairWho chairs the meeting.
“Président du conseil d'administration, administrateur délégué” (deed in French)
Adjournment ruleWhen the board may postpone a meeting; by law once, by three weeks.
“La seconde assemblée délibèrera sur le même ordre du jour et statuera définitivement, Les mandats octroyés pour la première assemblée…” (deed in French)
1 more provision on this in the deed
Agenda ruleHow the agenda is set and who may add items to it.
“L'assemblée générale ne peut délibérer sur des points qui ne figurent pas dans l'ordre du jour” (deed in French)
Proxy ruleWhether a shareholder may be represented at the meeting by someone else.
“Lettre, e-mail ou tout autre moyen de communication électronique équivalent accepté par le conseil d'administration, La procuration donnée…” (deed in French)
Quorum ruleHow many shareholders or shares must be present for the meeting to decide validly.
“Actions de la société présentes ou dûment représentées, 50” (deed in French)
Voting ruleWhich majority the meeting decides by, for example a simple or a special majority.
“1” (deed in French)
“Majorité simple des voix des actions de la société présentes ou dûment représentées, Sans préjudice de toute disposition plus contraignante…” (deed in French)
Written decisionsDecisions without a meeting, when everyone involved agrees in writing.
“Par écrit, sans réunion physique des actionnaires, article 7:133 du Code des sociétés et des associations” (deed in French)
Remote participationWhether shareholders may take part in the meeting remotely.
“Moyen de communication électronique mis à disposition par la société, Les actionnaires qui participent par cette voie à l'assemblée générale…” (deed in French)
“Le procès-verbal de l'assemblée générale mentionne les éventuels problèmes et incidents techniques qui ont empêché ou perturbé la…” (deed in French)
“Le cas échéant, ces procédures sont rendues accessibles à tous sur le site internet de la société, Sans préjudice de l'article 7:129, § 2…” (deed in French)
Remote votingWhether shareholders may vote remotely, for example through a website.
“Formulaire mis à disposition des actionnaires par le conseil d'administration de la société, Chaque actionnaire a le droit de voter à…” (deed in French)
“La qualité d'actionnaire et l'identité de la personne désireuse de voter à distance avant l'assemblée sont contrôlées et garanties par les…” (deed in French)
“Les formulaires dans lesquels ne seraient mentionnés ni le sens d'un vote ni l'abstention, sont nuls, En cas de modification, en assemblée…” (deed in French)
Other provisionsOther rules from the articles that fall under none of the themes above.
Other provision: “Distribuer à ses actionnaires un avantage patrimonial direct ou indirect.” (deed in French)
Other provision: “Conformément à l'article 7:26 du Code des sociétés et des associations, en cas de démembrement du droit de propriété de titres, les droits y…” (deed in French)
Other provision: “Les assemblées se réunissent au siège de la société ou à l'endroit indiqué dans la convocation, Convocations de l'assemblée” (deed in French)
“Majorité simple des voix des administrateurs présents ou dûment représentés, conseil d'administration” (deed in French)
“Jusqu'à ce qu'une seule personne ait été désignée comme titulaire à son égard du droit de vote, la société peut suspendre l'exercice du…” (deed in French)