COMETAL
ActiveSummary
COMETAL has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8.0m and a net result of €899,024. Equity is growing by ~11.4% per year across the filed fiscal years. Its solvency ranks better than 83% of 409 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▲+6
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €650,000 at 30 days acceptable
Liquidity ample (current ratio 2.99 against 6.43 in 2024; short-term debt: 19.3% and cash: 6.3% of total assets), and 20.9% 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○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
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
79.1%
Return on assets
8.9%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 24-11-2025, 68 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
68 d early
2024
74 d early
2023
72 d early
2022
42 d early
2021
63 d early
2020
69 d early
2019
53 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 63 days before the deadline; the sector median for financial year 2024 is 11 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#3 company by equity in Oudsbergen, Manufacturing sector#4 company by total assets in Oudsbergen, Manufacturing sector#6 oldest company in Oudsbergen, Manufacturing sector
Equity
€8.0m▼ 3.0%
2024 · €8.3m
Total assets
€10.1m▲ 10.7%
2024 · €9.2m
Net result
€899,024▲ 138%
2024 · €377,457
Working capital
€3.9m▼ 8.5%
2024 · €4.2m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 28, Manufacture of machinery and equipment not elsewhere classified, 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
Operating result€1.2m▲ 96.7%€1.7m▲ 40.0%€1.9m▲ 12.5%€479,200▼ 74.2%€1.3m▲ 167%
Net result€844,028above the sector's middle half▲ 126%€1.2mabove the sector's middle half▲ 47.2%€1.5mabove the sector's middle half▲ 23.1%€377,457above the sector's middle half▼ 75.3%€899,024above the sector's middle half▲ 138%
Equity€5.1mabove the sector's middle half▲ 19.7%€6.4mabove the sector's middle half▲ 24.3%€7.9mabove the sector's middle half▲ 24.1%€8.3mabove the sector's middle half▲ 4.8%€8.0mabove the sector's middle half▼ 3.0%
Total assets€6.6mabove the sector's middle half▲ 17.5%€7.5mabove the sector's middle half▲ 13.7%€8.6mabove the sector's middle half▲ 15.3%€9.2mabove the sector's middle half▲ 6.6%€10.1mabove the sector's middle half▲ 10.7%
Debt€1.4m▲ 10.5%€1.1m▼ 24.0%€702,747▼ 35.7%€893,172▲ 27.1%€2.0m▲ 126%
Working capital€3.2mabove the sector's middle half▲ 15.8%€4.0mabove the sector's middle half▲ 25.7%€4.0mabove the sector's middle half▲ 0.1%€4.2mabove the sector's middle half▲ 6.0%€3.9mabove the sector's middle half▼ 8.5%
Solvency78.0%above the sector's middle half▲ 1.4pp85.3%above the sector's middle half▲ 7.3pp91.8%above the sector's middle half▲ 6.5pp90.2%above the sector's middle half▼ 1.6pp79.1%above the sector's middle half▼ 11.2pp
Current ratio3.87above the sector's middle half▼ 0.605.47above the sector's middle half▲ 1.608.31above the sector's middle half▲ 2.846.43above the sector's middle half▼ 1.882.99within the sector's middle half▼ 3.44
Return on assets (ROA)12.9%above the sector's middle half▲ 6.2pp16.7%above the sector's middle half▲ 3.8pp17.8%above the sector's middle half▲ 1.1pp4.1%within the sector's middle half▼ 13.7pp8.9%within the sector's middle half▲ 4.7pp
Staff (FTE)30.4above the sector's middle half▼ 2.9%27.4above the sector's middle half▼ 9.9%27.3above the sector's middle half▼ 0.4%27.2above the sector's middle half▼ 0.4%27.4above the sector's middle half▲ 0.7%
above
within
below
the middle half (P25 to P75) of NACE 28, Manufacture of machinery and equipment not elsewhere classified, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 167% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10.1m
Fixed assets
€4.3m ▲ 4.1%
Current assets
€5.8m ▲ 16.1%
Equity and liabilities €10.1m
Equity
€8.0m ▼ 3.0%
Provisions
€100,000
Debt
€2.0m ▲ 126%
Debt's share of the balance-sheet total rises from 9.8% to 19.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€2.3m▲
2024 · €1.4m
Cash flow
€1.9m▲
2024 · €1.3m
Quick ratio
2.27▼
2024 · 4.33
Debt to equity
0.25▲
2024 · 0.11
ROE
11.2%▲
2024 · 4.6%
Interest coverage
166.16▲
2024 · 91.80
Debt ≤ 1 year
€2.0m▲
2024 · €781,150
Debt > 1 year
€43,643▼
2024 · €87,022
Income taxes
€411,672▲
2024 · €130,255
Staff costs
€2.2m▲
2024 · €2.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,129 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
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 497,662 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% | 1.7% |
| 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 20,129 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €18,282 | - | €10,618 | €1,757 | ▼ 83.4% |
| Remuneration, social security and pensions62 | - | €1.7m | €1.8m | €2.1m | €2.2m | ▲ 5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €653,948 | €640,085 | €831,063 | €952,492 | €1.0m | ▲ 8.4% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | -€2,287 | - | - | - | - |
| Other operating charges640/8 | - | €10,812 | €11,871 | €24,100 | €32,987 | ▲ 36.9% |
| Non-recurring operating charges66A | - | €3,302 | - | - | €100,232 | - |
| Gross operating margin9900 | €3.8m | €4.0m | €4.5m | €3.5m | €4.6m | ▲ 31.1% |
| Operating profit (loss)9901 | €1.2m | €1.7m | €1.9m | €479,200 | €1.3m | ▲ 167% |
| Financial income75/76B | - | €44,295 | €50,909 | €44,107 | €46,629 | ▲ 5.7% |
| Recurring financial income75 | €41,999 | €44,295 | €50,909 | €44,107 | €46,629 | ▲ 5.7% |
| Financial charges65/66B | - | €11,974 | €13,539 | €15,596 | €13,908 | ▼ 10.8% |
| Recurring financial charges65 | €16,596 | €11,974 | €13,539 | €15,596 | €13,908 | ▼ 10.8% |
| Profit (loss) for the period before taxes9903 | €1.2m | €1.7m | €1.9m | €507,711 | €1.3m | ▲ 158% |
| Income taxes67/77 | €360,448 | €440,499 | €364,140 | €130,255 | €411,672 | ▲ 216% |
| Profit (loss) for the period9904 | €844,028 | €1.2m | €1.5m | €377,457 | €899,024 | ▲ 138% |
| Profit (loss) for the period to be appropriated9905 | €844,028 | €1.2m | €1.5m | €377,457 | €899,024 | ▲ 138% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6.6m | €7.5m | €8.6m | €9.2m | €10.1m | ▲ 10.7% |
| Fixed assets21/28 | €2.3m | €2.6m | €4.0m | €4.1m | €4.3m | ▲ 4.1% |
| Tangible fixed assets22/27 | €2.2m | €2.5m | €4.0m | €4.1m | €4.3m | ▲ 4.1% |
| Plant, machinery and equipment23 | - | €2.3m | €3.7m | €3.6m | €3.7m | ▲ 3.7% |
| Furniture and vehicles24 | - | €165,413 | €118,276 | €277,721 | €334,525 | ▲ 20.5% |
| Other tangible fixed assets26 | - | €24,077 | €189,668 | €250,051 | €228,802 | ▼ 8.5% |
| Financial fixed assets28 | €36,099 | €36,099 | €36,099 | €36,099 | €36,099 | = |
| Current assets29/58 | €4.3m | €4.9m | €4.5m | €5.0m | €5.8m | ▲ 16.1% |
| Stocks and contracts in progress3 | €1.4m | €1.6m | €1.5m | €1.6m | €1.4m | ▼ 14.2% |
| Stocks30/36 | - | €1.6m | €1.5m | €1.6m | €1.4m | ▼ 14.2% |
| Amounts receivable within one year40/41 | €1.8m | €1.8m | €2.5m | €2.6m | €3.4m | ▲ 29.5% |
| Trade receivables40 | - | €1.7m | €1.5m | €1.7m | €2.5m | ▲ 44.8% |
| Other amounts receivable41 | - | €68,968 | €990,974 | €900,000 | €901,776 | ▲ 0.2% |
| Current investments50/53 | €7,849 | €12,849 | €17,849 | €514,640 | €322,699 | ▼ 37.3% |
| Cash at bank and in hand54/58 | €1.0m | €1.4m | €504,322 | €208,628 | €639,696 | ▲ 207% |
| Deferred charges and accrued income490/1 | - | €33,788 | €45,654 | €37,691 | €67,189 | ▲ 78.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6.6m | €7.5m | €8.6m | €9.2m | €10.1m | ▲ 10.7% |
| Equity10/15 | €5.1m | €6.4m | €7.9m | €8.3m | €8.0m | ▼ 3.0% |
| Contributions10/11 | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Capital10 | - | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Issued capital100 | - | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Reserves13 | €1.3m | €1.9m | €1.9m | €1.9m | €2.5m | ▲ 27.0% |
| Non-distributable reserves130/1 | - | €125,611 | €125,611 | €125,611 | €125,611 | = |
| Legal reserve130 | - | €125,611 | €125,611 | €125,611 | €125,611 | = |
| Distributable reserves133 | - | €1.8m | €1.8m | €1.8m | €2.3m | ▲ 28.9% |
| Profit (loss) carried forward14 | €2.5m | €3.2m | €4.7m | €5.1m | €4.3m | ▼ 15.3% |
| Provisions and deferred taxes16 | €2,287 | - | - | - | €100,000 | - |
| Provisions for liabilities and charges160/5 | - | - | - | - | €100,000 | - |
| Other liabilities and charges164/5 | - | - | - | - | €100,000 | - |
| Amounts payable17/49 | €1.4m | €1.1m | €702,747 | €893,172 | €2.0m | ▲ 126% |
| Amounts payable after more than one year17 | €328,043 | €172,990 | €130,138 | €87,022 | €43,643 | ▼ 49.8% |
| Financial debts170/4 | - | €172,990 | €130,138 | €87,022 | €43,643 | ▼ 49.8% |
| Amounts payable within one year42/48 | €1.1m | €894,970 | €547,610 | €781,150 | €2.0m | ▲ 150% |
| Current portion of amounts payable after more than one year42 | - | €155,053 | €42,852 | €43,116 | €43,379 | ▲ 0.6% |
| Trade debts44 | €327,436 | €523,421 | €273,313 | €438,168 | €280,110 | ▼ 36.1% |
| Suppliers440/4 | - | €523,421 | €273,313 | €438,168 | €280,110 | ▼ 36.1% |
| Advances received on contracts in progress46 | - | €20,360 | €13,313 | - | €215,617 | - |
| Taxes, remuneration and social security45 | - | €196,136 | €218,132 | €299,866 | €415,392 | ▲ 38.5% |
| Taxes450/3 | - | €24,836 | €31,318 | €66,028 | €164,711 | ▲ 149% |
| Remuneration and social security454/9 | - | €171,301 | €186,813 | €233,838 | €250,681 | ▲ 7.2% |
| Other amounts payable47/48 | - | - | - | - | €998,508 | - |
| Accrued charges and deferred income492/3 | - | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €844,028 | €1.2m | €1.5m | €377,457 | €899,024 | ▲ 138% |
| + Depreciation and write-downs630 | €653,948 | €640,085 | €831,063 | €952,492 | €1.0m | ▲ 8.4% |
| Operating cash flow (approximation) | €1.5m | €1.9m | €2.4m | €1.3m | €1.9m | ▲ 45.3% |
| Investment in fixed assets (approximation) | - | -€931,494 | -€2.3m | -€1.0m | -€1.2m | ▼ 14.9% |
| Change in cash | - | €398,567 | -€898,882 | -€295,693 | €431,068 | ▲ 246% |
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
2025
24-11
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
18-11
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
20-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
30-06
Financial
Highest result since 2019net €1.5m ▲23.1%
Operating result €1.9m, net result €1.5m, both a record.
2022
20-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
29-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
30-06
Financial
Equity above €5mEq €5.1m ▲19.7%
3 profitable years in a row build equity to €5.1m.
2020
23-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
30-06
Financial
Weakest financial yearnet €373,509 ▼64.9%
Net result drops to €373,509, the lowest in the series; recovery starts the following year.
30-06
Financial
Liquidity doublescurrent ratio 4.47
Current ratio from 2.04 to 4.47; short-term debt falls from €1.8m to €791,562.
2019
09-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
03-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
27-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
28-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 18 acts read
About the unread acts
We know of 18 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
18 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, Oudsbergen · 1 establishment unit since 1986
Ground area
3.7 ha
Building footprint
3,777 m²
Volume, LiDAR
26,395 m³
Parcel 71562B0913/00S007, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Industrieweg-Noord 1129, 3660 Oudsbergen
since 19862.028.471.225
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71562B0913/00S007 | Flanders | 3.7 ha | 1 · 3,777 m² | 8.7 m · 2 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 30-06-2025 list no shareholders, and no other source names one.
Holdings 1
-
96%
According to the annual accounts to 30-06-2025 of COMETAL 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
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 8 entries · 18,081 EUR awarded · 17,904 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 177 EUR | 0 EUR |
| 2024 | 3 | 497 EUR | 15,935 EUR |
| 2023 | 2 | 2,239 EUR | 1,969 EUR |
| 2022 | 2 | 15,168 EUR | 0 EUR |
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Of 346 companies in sector 28990 we hold annual accounts for 278. 98 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded02-12-1985
Fiscal year end30-06
Activities, NACEBEL 2025
25120Manufacture of fabricated metal products, except machinery and equipment
28990Manufacture of machinery and equipment not elsewhere classified
E-invoicing
Reachable via Peppol
Peppol ID
0208:0428163839
Registered
17-03-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.