COMFETH
Annual accounts 2025
abbreviated format, filed on 06-10-2026, 67 days lateMoney flows
no detail for 2025Balance sheet
balance sheet total €2.5m on 31-12-2025in euro
in euro
Position in the sector
21.0%
Higher than 28% of 2,411 companies in 2025.
1.05
Higher than 35% of 2,363 companies in 2025.
0.7%
Higher than 27% of 2,371 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: top quarter · Working capital: middle half · Staff: top quarter
Staff
€37,782
Staff costs divided by the average number of full-time equivalents.
+2 people
In 2025, 20 people joined and 18 left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||
20/58 |
2.5m | 2.6m | 1.4m | 961,626 | 1.0m | 1.2m | 681,030 | 742,069 | |
21/28 |
540,688 | 557,511 | 83,673 | 85,301 | 35,755 | 34,078 | 28,435 | 27,555 | |
22/27 |
411,344 | 448,167 | 14,329 | 14,756 | 5,461 | 7,683 | 2,040 | 1,160 | |
24 |
27,689 | 33,125 | 14,329 | 14,756 | 5,461 | 7,683 | 2,040 | 1,160 | |
25 |
129,559 | 162,582 | - | - | - | - | - | - | |
26 |
254,095 | 252,459 | - | - | - | - | - | - | |
28 |
129,345 | 109,345 | 69,345 | 70,545 | 30,295 | 26,395 | 26,395 | 26,395 | |
29/58 |
1.9m | 2.1m | 1.4m | 876,326 | 1.0m | 1.1m | 652,595 | 714,514 | |
40/41 |
1.9m | 1.8m | 933,515 | 637,264 | 890,129 | 1.1m | 535,007 | 710,720 | |
40 |
1.5m | 1.6m | 908,660 | 567,264 | 721,647 | 990,736 | 448,006 | 695,269 | |
41 |
410,181 | 210,166 | 24,855 | 70,000 | 168,482 | 110,956 | 87,001 | 15,451 | |
50/53 |
- | - | - | - | - | - | - | 1,583 | |
54/58 |
2,002 | 28,709 | 418,872 | 236,358 | 117,723 | 33,791 | 113,089 | - | |
490/1 |
5,265 | 252,415 | 289 | 2,704 | 2,868 | - | 4,500 | 2,211 | |
| Balance sheet: equity and liabilities | |||||||||
10/49 |
2.5m | 2.6m | 1.4m | 961,626 | 1.0m | 1.2m | 681,030 | 742,069 | |
10/15 |
522,554 | 505,211 | 489,647 | 397,901 | 447,738 | 369,562 | 166,545 | 51,513 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | |
13 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | |
1311 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | |
14 |
502,094 | 484,751 | 469,187 | 377,441 | 427,278 | 349,102 | 146,085 | 31,053 | |
17/49 |
2.0m | 2.1m | 946,702 | 563,726 | 598,738 | 799,999 | 514,485 | 690,556 | |
17 |
118,027 | 118,027 | - | - | - | - | - | - | |
170/4 |
118,027 | 118,027 | - | - | - | - | - | - | |
42/48 |
1.8m | 2.0m | 946,702 | 563,726 | 598,738 | 799,999 | 513,635 | 690,556 | |
42 |
29,545 | 32,662 | - | - | 1,315 | 2,894 | - | - | |
43 |
- | - | - | 40,520 | - | - | - | - | |
430/8 |
- | - | - | 40,520 | - | - | - | - | |
44 |
1.6m | 1.9m | 810,540 | 409,882 | 409,517 | 687,640 | 495,084 | 594,937 | |
440/4 |
1.6m | 1.9m | 810,540 | 409,882 | 409,517 | 687,640 | 495,084 | 594,937 | |
45 |
188,774 | 118,206 | 136,163 | 113,324 | 187,906 | 109,465 | 18,551 | 30,169 | |
450/3 |
148,360 | 72,646 | 135,103 | 99,860 | 187,906 | 109,465 | 18,551 | 30,169 | |
454/9 |
40,414 | 45,560 | 1,060 | 13,465 | - | - | - | - | |
47/48 |
1,800 | 1,800 | - | - | - | - | - | 65,450 | |
492/3 |
- | - | - | - | - | - | 850 | - | |
| Income statement | |||||||||
70 |
- | - | - | - | - | - | - | 6.1m | |
9900 |
1.0m | 622,689 | 429,736 | 281,191 | 98,509 | 313,242 | 111,299 | 120,418 | |
60/61 |
- | - | - | - | - | - | - | 6.0m | |
62 |
952,114 | 520,585 | 269,289 | 109,462 | - | - | - | - | |
630 |
38,823 | 20,373 | 5,090 | 3,309 | 2,223 | 969 | 293 | 14 | |
640/8 |
11,226 | 28,273 | 10,793 | 12,023 | 10,622 | 7,427 | 6,559 | 9,168 | |
66A |
287 | 270 | - | - | - | 287 | - | 351 | |
9901 |
43,910 | 53,188 | 144,565 | 156,396 | 85,664 | 304,559 | 104,447 | 110,885 | |
75/76B |
- | - | - | - | 7,644 | 5,931 | 5 | - | |
75 |
- | - | - | - | 7,644 | 5,931 | 5 | - | |
65/66B |
26,567 | 12,768 | 7,674 | 1,503 | 1,102 | 559 | 369 | 21 | |
65 |
26,567 | 12,768 | 7,674 | 1,503 | 1,102 | 559 | 369 | 21 | |
9903 |
17,343 | 40,420 | 136,891 | 154,893 | 92,207 | 309,932 | 104,084 | 110,864 | |
67/77 |
- | 24,855 | 45,145 | 204 | 14,031 | 106,915 | 51,551 | - | |
9904 |
17,343 | 15,565 | 91,746 | 154,689 | 78,176 | 203,016 | 52,533 | 110,864 | |
9905 |
17,343 | 15,565 | 91,746 | 154,689 | 78,176 | 203,016 | 52,533 | 110,864 | |
| Appropriation of the result | |||||||||
9906 |
502,094 | 484,751 | 469,187 | 581,966 | 427,278 | 349,102 | 146,085 | 110,864 | |
14P |
484,751 | 469,187 | 377,441 | 427,278 | 349,102 | - | - | - | |
691/2 |
- | - | - | - | - | - | - | 1,860 | |
6920 |
- | - | - | - | - | - | - | 1,860 | |
694/7 |
- | - | - | 204,525 | - | - | - | 77,951 | |
694 |
- | - | - | 204,525 | - | - | - | 62,500 | |
695 |
- | - | - | - | - | - | - | 15,451 | |
| Social balance sheet | |||||||||
9087 |
25.2 | 12.8 | 1 | 1 | - | - | - | - | |
Hours worked1013 |
40,906 | 2,297,480 | 1,391 | 1,006 | - | - | - | - | |
| Document | |||||||||
The notes to these accounts have 10 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 06-10-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 67 days after the deadline. Filed on 6 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00547775.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 06-10-2026 | 2026-00547775 | |
| 31-12-2024 | full format | 29-01-2026 | 2026-00018663 | |
| 31-12-2023 | full format | 20-09-2024 | 2024-00468462 | |
| 31-12-2022 | full format | 06-10-2023 | 2023-00479245 | |
| 31-12-2021 | full format | 01-09-2022 | 2022-20397654 | |
| 31-12-2020 | micro format | 30-09-2021 | 2021-70000343 | |
| 31-12-2019 | micro format | 31-08-2020 | 2020-47700381 | |
| 31-12-2018 | full format | 29-07-2019 | 2019-40900079 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| 82,733 | 73,561 | 149,654 | 159,705 | 87,887 | 305,529 | 104,741 | 110,899 | ||
| 56,166 | 35,938 | 96,836 | 157,998 | 80,399 | 203,986 | 52,826 | 110,878 | ||
| 22,000 | 494,211 | 4,662 | 52,855 | 3,900 | 6,613 | 5,947 | 27,569 | ||
| -26,707 | -390,163 | 182,514 | 118,635 | 83,932 | -79,297 | - | - | ||
| 99,893 | 65,727 | 405,973 | 312,600 | 411,982 | 335,484 | 138,961 | 23,958 | ||
| - | - | - | - | - | - | - | 1.8% | ||
| 21.0% | 19.2% | 34.1% | 41.4% | 42.8% | 31.6% | 24.5% | 6.9% | ||
| 1.05 | 1.03 | 1.43 | 1.55 | 1.69 | 1.42 | 1.27 | 1.03 | ||
| 3.75 | 4.20 | 1.93 | 1.42 | 1.34 | 2.16 | 3.09 | 13.41 | ||
| 3.3% | 3.1% | 18.7% | 38.9% | 17.5% | 54.9% | 31.5% | 215.2% | ||
| 0.7% | 0.6% | 6.4% | 16.1% | 7.5% | 17.4% | 7.7% | 14.9% | ||
| 3.11 | 5.76 | 19.50 | over 100 | 79.73 | - | - | - | ||
| - | - | - | - | - | - | - | 42 days | ||
| - | - | - | - | - | - | - | 36 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 22 | 20 | - | 1 |
| full-time | 22 | 19 | - | 1 |
| part-time | - | 1 | - | - |
| in full-time equivalents | 22 | 19.7 | - | 1 |
| 25.2 | 12.8 | 0.8 | 0.6 | |
| On a permanent contract | - | - | - | 1 |
| Joined | 20 | 20 | 0 | 1 |
| Left | 18 | 0 | 1 | 0 |
Source: social balance sheet in the 2022 to 2025 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €2,000 | €454,211 | €4,662 | €12,605 | - |
| Financial fixed assets | €20,000 | €40,000 | - | €40,250 | €3,900 |
| €38,823 | €20,373 | €5,090 | €3,309 | €2,223 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on COMFETH
The operating result for 2025 is 17% lower than in 2024 and the lowest since 2018. It is the third fall in a row.
Debt's share of the balance-sheet total falls from 80.8% to 79.0%. Equity is higher and debt is lower.
- 2025 Staff (FTE) +97% on 2024. The accounts now follow the abbreviated format, last year the full format.
- 2021 Net result -61% on 2020. The accounts now follow the full format, last year the micro format.