COMEXAS AIRFREIGHT
ActiveSummary
COMEXAS AIRFREIGHT has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €908,356 and a net result of €219,918. Equity is growing by ~8.3% per year across the filed fiscal years. Its solvency ranks better than 44% of 671 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
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Signals
This company filed its last 7 accounts on average 17 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
History
COMEXAS AIRFREIGHT was incorporated on 1 March 1991.1 The name was changed to ConnexEurope in 2026.2 In 2026 the capital was increased by EUR 133,125 to EUR 208,125.3 COMEXAS GROUP and COMEXAS SEAFREIGHT were merged into the company in 2026.34 Since 2026, BV FLYR Advisory has served as non-statutory director of the company.5
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Financials · fiscal year 2025, full schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings. Dashed line: the median.
- 2025 Net result -64% on 2024. The accounts now follow the full schema, last year the abbreviated schema.
Peer companies
Historical observationOf the 20,134 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
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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.9% |
| 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% 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 20,134 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.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €533,963 | €710,889 | €722,699 | €733,211 | €805,514 | ▲ 9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,786 | €7,532 | €1,554 | €30,295 | €48,182 | ▲ 59.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €42,565 | -€23,145 | €12,924 | ▲ 156% |
| Other operating charges640/8 | €269,451 | €304,661 | €52,380 | €1,991 | €2,030 | ▲ 2.0% |
| Non-recurring operating charges66A | - | - | - | - | €365 | - |
| Gross operating margin9900 | €1.1m | €1.4m | €1.4m | €1.6m | €1.2m | ▼ 23.0% |
| Operating profit (loss)9901 | €321,662 | €350,742 | €586,608 | €827,204 | €339,894 | ▼ 58.9% |
| Financial income75/76B | €27,295 | €18,202 | €18,724 | €33,575 | €52,365 | ▲ 56.0% |
| Recurring financial income75 | €27,295 | €18,202 | €18,724 | €33,575 | €52,365 | ▲ 56.0% |
| Financial charges65/66B | €47,323 | €24,867 | €22,212 | €42,341 | €84,466 | ▲ 99.5% |
| Recurring financial charges65 | €47,323 | €10,675 | €22,212 | €42,341 | €84,466 | ▲ 99.5% |
| Non-recurring financial charges66B | - | €14,192 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €301,634 | €344,077 | €583,120 | €818,437 | €307,793 | ▼ 62.4% |
| Income taxes67/77 | €81,775 | €94,387 | €169,964 | €205,000 | €87,874 | ▼ 57.1% |
| Profit (loss) for the period9904 | €219,859 | €249,690 | €413,156 | €613,437 | €219,918 | ▼ 64.1% |
| Profit (loss) for the period to be appropriated9905 | €219,859 | €249,690 | €413,156 | €613,437 | €219,918 | ▼ 64.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.9m | €2.6m | €2.8m | €2.2m | €2.8m | ▲ 31.9% |
| Fixed assets21/28 | €7,072 | €3,765 | €43,273 | €159,903 | €216,103 | ▲ 35.1% |
| Tangible fixed assets22/27 | €7,072 | €3,765 | €43,273 | €159,903 | €216,103 | ▲ 35.1% |
| Plant, machinery and equipment23 | €6,769 | €1,394 | €41,404 | €158,535 | €206,585 | ▲ 30.3% |
| Furniture and vehicles24 | €303 | €2,371 | €1,869 | €1,368 | €9,517 | ▲ 596% |
| Current assets29/58 | €1.9m | €2.6m | €2.7m | €2.0m | €2.6m | ▲ 31.6% |
| Amounts receivable within one year40/41 | €1.3m | €2.1m | €1.7m | €1.5m | €2.2m | ▲ 46.9% |
| Trade receivables40 | €1.3m | €2.1m | €1.6m | €1.4m | €2.1m | ▲ 46.4% |
| Other amounts receivable41 | €27,055 | €34,519 | €89,155 | €51,247 | €83,156 | ▲ 62.3% |
| Cash at bank and in hand54/58 | €616,035 | €474,235 | €978,067 | €491,013 | €354,795 | ▼ 27.7% |
| Deferred charges and accrued income490/1 | - | - | €31,420 | €19,567 | €89,877 | ▲ 359% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.9m | €2.6m | €2.8m | €2.2m | €2.8m | ▲ 31.9% |
| Equity10/15 | €665,000 | €665,000 | €665,000 | €688,437 | €908,356 | ▲ 31.9% |
| Contributions10/11 | €75,000 | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Capital10 | €75,000 | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Issued capital100 | €75,000 | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Reserves13 | €590,000 | €590,000 | €590,000 | €10,000 | €10,000 | = |
| Non-distributable reserves130/1 | €7,500 | €7,500 | €7,500 | €7,500 | €7,500 | = |
| Legal reserve130 | €7,500 | €7,500 | €7,500 | €7,500 | €7,500 | = |
| Distributable reserves133 | €582,500 | €582,500 | €582,500 | €2,500 | €2,500 | = |
| Profit (loss) carried forward14 | - | - | - | €603,437 | €823,356 | ▲ 36.4% |
| Amounts payable17/49 | €1.3m | €1.9m | €2.1m | €1.5m | €1.9m | ▲ 31.9% |
| Amounts payable within one year42/48 | €1.1m | €1.9m | €2.1m | €1.5m | €1.8m | ▲ 25.2% |
| Trade debts44 | €999,933 | €1.5m | €1.6m | €1.4m | €1.7m | ▲ 27.4% |
| Suppliers440/4 | €999,933 | €1.5m | €1.6m | €1.4m | €1.7m | ▲ 27.4% |
| Taxes, remuneration and social security45 | €88,447 | €142,022 | €77,927 | €76,759 | €79,032 | ▲ 3.0% |
| Taxes450/3 | €29,689 | €76,141 | - | - | - | - |
| Remuneration and social security454/9 | €58,758 | €65,881 | €77,927 | €76,759 | €79,032 | ▲ 3.0% |
| Other amounts payable47/48 | - | €249,690 | €416,289 | €10,602 | - | - |
| Accrued charges and deferred income492/3 | €164,109 | €6,619 | - | €10,892 | €111,649 | ▲ 925% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €219,859 | €249,690 | €413,156 | €613,437 | €219,918 | ▼ 64.1% |
| + Depreciation and write-downs630 | €13,786 | €7,532 | €1,554 | €30,295 | €48,182 | ▲ 59.0% |
| Operating cash flow (approximation) | €233,644 | €257,222 | €414,710 | €643,732 | €268,100 | ▼ 58.4% |
| Investment in fixed assets (approximation) | - | -€4,225 | -€41,063 | -€146,925 | -€104,381 | ▲ 29.0% |
| Change in cash | - | -€141,800 | €503,832 | -€487,054 | -€136,218 | ▲ 72.0% |
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
10-09
State Gazette act
Capital & shares · RestructuringMerger · Declaration4 facts ▸
- General meeting, buitengewone algemene vergadering
- Merger, fusion, Overnemende vennootschap houdster van alle aandelen van de Overgenomen vennootschap
- Declaration, niet-stemgerechtigde effecten met bijzondere rechten
- Declaration, bijzonder voordeel aan bestuursorganen
10-09
State Gazette act
Capital & shares · Purpose · RestructuringAuditor report · Merger · Capital increase19 facts ▸
- General meeting, buitengewone algemene vergadering
- Other statement, waiver of merger report requirements
- Auditor report, bedrijfsrevisor, EUR
- Other statement, bestuursorgaan report consistent with auditor report, niet afgeweken van de conclusies van het verslag van de bedrijfsrevisor
- Other statement, geen zekerheid omtrent toekomstige levensvatbaarheid van de vennootschap, beperking van de beoordelingsopdracht
- Other statement, stukken en informatie werden niet tenminste één maand vóór de buitengewone algemene vergadering overhandigd, overige aangelegenheid
- Other statement, beperking van het gebruik van het verslag, enkel opgesteld uit hoofde van de artikelen 7:179 §1 en 7:197 §1 WVV in het kader van een inbreng in natura en de uit…
- Other statement, 14-07-2026
- Other statement, conclusie bestuursorgaan, het bijzonder verslag van het orgaan van bestuur van de Overnemende vennootschap wijkt niet af van de conclusies van het verslag van d…
- Merger, fusie door overneming, goedgekeurd door de algemene vergaderingen
- Capital increase, €133.125
- Share issue, aandelen zonder vermelding van waarde, 1775
- +7 further facts in this act
23-07
State Gazette act
Resignation: Wim Gladiné (non-statutory director)Appointment: BV FLYR Advisory (non-statutory director) · Permanent representative: Yuriy Ruzhetskyy5 facts ▸
- General meeting, 23-06-2026
- Director resignation, Wim Gladiné (non-statutory director)
- Director appointment, BV FLYR Advisory (non-statutory director)
- Permanent representative, Yuriy Ruzhetskyy (permanent representative)
- Other statement, algemene vergadering, kennisname en akkoord vaste vertegenwoordiger
02-07
State Gazette act
BenamingName change3 facts ▸
- General meeting, 19-06-2026
- Name change, ConnexEurope
- Other statement, Verklaring enige aandeelhouder, artikel 2:8 § 4 Wetboek van vennootschappen en verenigingen
Show earlier events
About the unread acts
Of the 20 Belgian State Gazette acts we know for this company, 4 have been read. The other 16 have not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
Board 1
Permanent representatives 1
Not every act has been read: a resignation may be missing here
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23051A0071/00N003 | Flanders | 5,058 m² | 1 · 3,512 m² | - |
Linked by address, not proof of ownership
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| BV FLYR Advisory |
|
| Wim Gladiné |
|
Articles of association
Full purpose (12 activities)
- Alle handelingen te stellen van douaneagentschappen en expeditiekantoren, van vervoer over het water en via de lucht, van bevrachting van nationale en intemationale transporten, van vervoer via de weg of het spoor van gegroepeerde vracht, de activiteiten van besteldiensten, de vrachtbehandeling bij de douane en andere, het beheer van stocks van goederen, de opslag van goederen in transit, bij de douane of vrij, het huren van magazijnen, de vervoersbemiddeling
- De activiteiten van trading verrichten en voertuigen in huur geven met of zonder chauffeur
- Adviezen verstrekken inzake het beheer, de inklaring en het vervoer
- Deelname in de zaken van anderen door middel van samenwerking of inbreng en alle handelingen en daden stellen die rechtstreeks of onrechtstreeks, geheel of gedeeltelijk, betrekking hebben op haar voorwerp of die van aard zijn de verwezenlijking ervan te bevorderen
- Deelname door middel van samenwerking, inbreng, fusie, financiële tussenkomst of op enige ander wijze in alle vennootschappen of ondememingen waarvan het voorwerp analoog of verwant is aan het hare of die van aard zijn voor haar een bron of afzetmarkt te vertegenwoordigen
- Alle industriële, financiële, commerciële of burgerlijke handelingen stellen die rechtstreeks of onrechtstreeks betrekking hebben op haar voorwerp en op alle wijzen deelnemen in vennootschappen of ondememingen waarvan de activiteiten van aard zouden zijn de verwezenlijking van haar voorwerp te bevorderen
- Participaties verwerven in eender welke vorm in alle bestaande of nog op te richten rechtspersonen en vennootschappen, het stimuleren, de planning, de coördinatie van de ontwikkeling en investering in rechtspersonen en ondememingen waarin zij al dan niet een participatie aanhoudt
- Diensten leveren als administratie, consultancy en managementactiviteiten
- Een onroerend vermogen aanleggen, oordeelkundig uitbouwen en beheren; alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten zoals onder meer erfpacht- en opstalrechten en de huurfinanciering van onroerende goederen aan derden
- Een roerend patrimonium aanleggen,.oordeelkundig uitbouwen en beheren, alle verrichtingen met betrekking tot roerende goederen en rechten, van, welke aard ook
- Leningen en kredietopeningen toestaan aan rechtspersonen en ondememingen of particulieren, onder om het even welke vorm. Behalve deze die wettelijk voorbehouden zijn aan depositobanken, houders van deposito's op korte termijn, spaarkassen, hypotheekmaatschappijen en kapitalisatieondememingen
- Het mandaat van bestuurder, zaakvoerder of vereffenaar in andere vennootschappen waamemen
Structure & network
Owners and holdings
2 owners · 1 holdingChain of control
- Antwerpse Schelde Holding
- COMEXAS GROUP
- COMEXAS AIRFREIGHT
Highest known parent: Antwerpse Schelde Holding. The sources do not say who stands above it.
Owners 2
-
90%
- Charles de Cock de Rameyennatural personSourceown accounts 202510%
Holdings 1
- COMEXAS SEAFREIGHTsubsidiarySourceact 10-09-2026100%
According to the 2025 annual accounts of COMEXAS AIRFREIGHT 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
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
Acquisitions and mergers
2 transactionsCapital and shareholders
- COMEXAS GROUP (BE 0668.586.851) 1,775 shares · 133,125 EUR
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 10-09-2026 Capital increase of 133,125 EUR · to 208,125 EUR · 1,775 new shares · “uitgifte van nieuwe aandelen zonder vermelding van waarde”, “allen volgestort”
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 6,367 EUR awarded · 6,095 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 408 EUR | 408 EUR |
| 2024 | 1 | 1,419 EUR | 1,419 EUR |
| 2023 | 1 | 1,817 EUR | 1,545 EUR |
| 2022 | 1 | 2,723 EUR | 2,723 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteLegal Entity Identifier
Similar companies · same sector, comparable size
Identification & contact
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.