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Comice

Active Private limited companyfounded 2017active for 9 yearsHazegoedweg 11, 8800 RoeselareKBO/BCE: BE 0678.518.166
Comice
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Overview

Lifetime

8 annual accounts with figures on one time axis
Gross marginpeak €162,016 (2025)
€162,016▲ 31.2%
Resultpeak €112,276 (2025)
€112,276▲ 35.9%
Equitypeak €169,572 (2025)
€169,572▲ 15.1%
Debts
€44,145▲ 14.2%
Board1 name since 2017
1 directorCoolsaet Glenn
Documentsfilings and deeds
22-12-202540 days before the deadline
2025micro format
Gross margin from €123,445 to €162,016Result from €82,607 to €112,276Dividend €90,000Equity from €147,296 to €169,572Investments €33,944

Key points

from the 2025 annual accounts

Equity

€169,572 ▲ 15.1%
147,2962024+112,276Profit-90,000Dividend169,5722025

Comice paid out €90,000 in dividends. That is 80% of the 2025 profit.

Investments

€33,944 3.4 × depreciation
2022202320242025

Green is investment, beige is depreciation.

Filings

8 annual accounts since 2018
deadline20202025

The last five annual accounts were filed 40 to 64 days before the end of the period.

Checked score

95
Excellent
Financially stronger than 83% of micro companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.4% across 26,900 companies (NACE 46, micro).

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.2%highest value 01-2025: 0.2%● unchanged vs 12-2024highest value 02-2025: 0.2%● unchanged vs 01-2025highest value 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.1%▼ -0.1 percentage points vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025lowest value 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 01-2026 03-2026: 0.1%● unchanged vs 02-2026 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: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026 11-2026: 0.1%● unchanged vs 10-2026

Financial strength
Strong

Solvency
100=equity 79.3% of total assets
Liquidity
70-7short-term debt 18.8% · cash 20.5%
Profitability
100=return on assets 52.5%

Score breakdown

raises risk
Size: total assets €213,718
Sector: Wholesale trade (NACE 46)
lowers risk
Liquidity: current ratio 3.44, cash €43,870
Equity €169,572 (79.3% 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 46, micro). It does better than 90% of them on solvency, 75% on liquidity, 95% on profitability and 71% on growth.

The bankruptcy probability was computed on 05-11-2026 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 30-06-2025.

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, 26,972 companies had the same profile as Comice has now. Each dot stands for 68 companies, two years later.

94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

Another 0.1% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of Comice itself is lower: 0.1% within 12 months. It rests on far more data about Comice than the profile alone.

Test of the method

The method was tested on the 497,446 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.

The companies in ten equal groups, from the lowest to the 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% 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 26,972 companies, not a prediction for Comice. 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 €16,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 3.44 (3.75 in 2024), above the usual 1.5. Short-term debt is 18.8% and cash 20.5% of total assets. 20.7% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Liquidity: current ratio 3.44, cash €43,870
NBB · annual accounts
raises risk · Size: total assets €213,718
Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Equity €169,572 (79.3% of total assets)
NBB · annual accounts
raises risk · Sector: Wholesale trade (NACE 46)
KBO
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 22-12-2025, 40 days ahead of the deadline.
NBB · 8 filings
Deviation from the deadline
2025
40 days early
2024
64 days early
2023
41 days early
2022
42 days early
2021
41 days early
2020
26 days early
2019
14 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 38 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 21 December (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end06-11-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

CG
Coolsaet Glenn
Director
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0678518166
Board meeting · Other provision Gazette deed
Incorporation published on 14-07-2017 · Gazette deed
First establishment Hazegoedweg 11, Roeselare
All 15 events

Comparable companies

same main activity, similar in size and age
Company Total assets Gross margin Solvency Staff
Comice Roeselare €213,718 €162,016 79.3% -
LAKI'S Bruges €189,215 €149,775 85.7% -
CANNA International Oupeye €208,889 €186,968 -7.4% 4.4
LH Medic Oud-Heverlee €221,419 €203,972 9.2% -
Go 4 Business Celles (lez-Tournai) €239,432 €157,857 62.2% -
Hitier Consultancy Zedelgem €230,788 €184,207 51.5% -
YANNICK NYS & ZONEN Bredene €263,591 €253,834 18.1% -

These companies have the same main activity as Comice: agents specialised in the wholesale of other particular products (NACE 46180). They are comparable in size and age: total assets between €189,000 and €264,000, founded between 2016 and 2019.

Official details

Source: KBO
Status
Active since 12-07-2017Normal situation
Activity
Agents specialised in the wholesale of other particular productsNACE 46180
Establishment unit
2.266.749.6468800 Roeselare, since 12-07-2017
Financial year end
30 June
Peppol
Reachable since 10-06-2025
Company details

Annual accounts to 30-06-2025

Gross margin
€162,016▲ 31.2%
Turnover
≈ €610,000estimated
Profit
€112,276▲ 35.9%
Equity
€169,572▲ 15.1%
Total assets
€213,718▲ 14.9%
Filing
Filed on 22-12-2025, 40 days before the end of the filing period
Financials

Insights on Comice

Comice files the micro format. That format states no turnover. The gross margin rose from €42,893 in 2018 to €162,016 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 22-12-2025, 40 days before the deadline
Gross margin
€162,016
▲ 31.2%
Operating result
€150,680
▲ 31.6%
Profit
€112,276
▲ 35.9%
Working capital
€97,752
▼ 0.7%
Solvency
79.3%
▲ 0.1 percentage points
Current ratio
3.44
▼ 0.32

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €610,000. Estimated: probably between €290,000 and €1.5m.

Balance sheet

balance sheet total €213,718 on 30-06-2025
What the company ownsHow it is paid for

Change in equityin euro

Change in cashin euro

Position in the sector

Compare with sector

Solvency79.3%

Higher than 82% of 13,762 companies in 2025.

Current ratio3.44

Higher than 74% of 13,140 companies in 2025.

Return on assets52.5%

Higher than 95% of 13,319 companies in 2025.

Comice Middle half of the sector 80% of the sector Micro accounts in wholesale trade (NACE 46)

Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018
Balance sheet: assets
Total assets20/58 213,718185,965159,386144,016130,620216,601144,23799,243
Fixed assets21/28 75,88451,82257,42857,75661,71943,06779,07728,376
Tangible fixed assets22/27 75,88451,82257,42857,55661,51942,86731,04728,176
Land and buildings22 19,80120,86021,92022,97924,03925,09826,15727,217
Plant, machinery and equipment23 1629291,9983,5984,5512,1842,375959
Furniture and vehicles24 13,9344378971,3579001,200--
Other tangible fixed assets26 41,98829,59532,61329,62232,02914,3852,515-
Financial fixed assets28 ---20020020048,030200
Current assets29/58 137,833134,143101,95886,26068,901173,53465,16070,867
Amounts receivable within one year40/41 92,78683,34462,18733,70026,29728,06626,44123,909
Trade receivables40 36,41635,44629,43530,00026,19724,48320,38322,609
Other amounts receivable41 56,37047,89832,7523,7001003,5836,0591,300
Cash at bank and in hand54/58 43,87048,70636,31751,01441,549143,76737,06246,252
Deferred charges and accrued income490/1 1,1782,0933,4541,5461,0551,7011,656706
Balance sheet: equity and liabilities
Total equity and liabilities10/49 213,718185,965159,386144,016130,620216,601144,23799,243
Equity10/15 169,572147,296134,690108,90294,170153,69376,54526,037
Contributions10/11 18,60018,60018,60018,60018,600-6,2006,200
Issued capital100 ------18,60018,600
Uncalled capital101 ------12,40012,400
Contributions outside capital11 -----18,600--
Share premium1100/10 -----18,600--
Reserves13 150,972128,696116,09090,30275,570135,09370,34519,837
Non-distributable reserves130/1 -----1,860--
Legal reserve130 ------1,8601,860
Other1319 -----1,860--
Tax-exempt reserves132 9,9009,9009,9009,9009,9009,9009,9009,900
Distributable reserves133 141,072118,796106,19080,40265,670123,33358,5858,077
Profit (loss) carried forward14 00------
Amounts payable17/49 44,14538,66824,69735,11336,45062,90967,69273,206
Amounts payable after more than one year17 ----3,9559,32715,10220,790
Financial debts170/4 ----3,9559,32715,10220,790
Amounts payable within one year42/48 40,08135,72822,67432,05528,83950,60647,69546,300
Current portion of amounts payable after more than one year42 ---3,4635,3725,7765,6885,602
Trade debts44 7,41210,3355,18811,6385,1304,1068,7386,062
Suppliers440/4 7,41210,3355,18811,6385,1304,1068,7386,062
Taxes, remuneration and social security45 32,66925,39317,48616,31416,46740,72433,26934,636
Taxes450/3 32,66925,39317,48616,31416,46740,72433,26932,136
Remuneration and social security454/9 -------2,500
Other amounts payable47/48 ---6411,869---
Accrued charges and deferred income492/3 4,0642,9402,0233,0583,6552,9764,8946,116
Income statement
Non-recurring operating income76A 2,400-------
Gross operating margin9900 162,016123,445112,64686,75593,03194,46975,57042,893
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 9,8827,1167,1057,2526,4344,6633,6426,915
Other operating charges640/8 1,4541,1473,4213,9613,7623,2342,8433,567
Non-recurring operating charges66A 0663--2,105---
Operating profit (loss)9901 150,680114,519102,12175,54280,73186,57169,08532,411
Financial income75/76B 72231-1191,068110
Recurring financial income75 72231-1191,068110
Financial charges65/66B 3033,2181,2372,0101,6051,2281,284929
Recurring financial charges65 3033,2181,2372,0101,6051,2281,284929
Profit (loss) for the period before taxes9903 150,449111,324100,88473,53279,24586,41167,81331,482
Income taxes67/77 38,17328,71725,09718,80018,76821,66317,30411,645
Profit (loss) for the period9904 112,27682,60775,78754,73260,47864,74750,50919,837
Transfer to tax-exempt reserves689 -------9,900
Profit (loss) for the period to be appropriated9905 112,27682,60775,78754,73260,47864,74750,5099,937
Appropriation of the result
Profit (loss) to be appropriated9906 112,27682,60775,78754,73260,47864,74750,5099,937
Transfer from equity791/2 90,00070,00050,00040,000120,000---
Transfer to equity691/2 112,27682,60775,78754,73260,47864,74750,5099,937
To the legal reserve6920 -------1,860
To other reserves6921 112,27682,60775,78754,73260,47864,74750,5098,077
Profit to be distributed694/7 90,00070,00050,00040,000120,000---
Return on contributions (dividend)694 90,00070,00050,00040,000120,000---
Document PDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 22-12-2025.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
30-06-2025 micro format 22-12-2025 2025-00587550 PDF
30-06-2024 micro format 28-11-2024 2024-00606329 PDF
30-06-2023 micro format 21-12-2023 2023-00533911 PDF
30-06-2022 micro format 20-12-2022 2022-20541317 PDF
30-06-2021 micro format 21-12-2021 2021-80800504 PDF
30-06-2020 micro format 05-01-2021 2021-00200333 PDF
30-06-2019 micro format 17-01-2020 2020-01500407 PDF
30-06-2018 micro format 27-11-2018 2018-72900596 PDF

Subsidies and aid

Flemish government 2022, 1 entry, €173 awarded, €173 paid

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
€173

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018
EBITDA 160,562121,635109,22682,79487,16591,23472,72739,326
Cash flow 122,15889,72382,89261,98366,91269,41054,15126,752
Investment in fixed assets 33,9441,5106,9783,28858,86516,48354,34333,096
Change in cash -4,83612,389-14,6979,465-102,218106,704-9,190-
Working capital 97,75298,41479,28454,20440,061122,92917,46424,567
Solvency 79.3%79.2%84.5%75.6%72.1%71.0%53.1%26.2%
Current ratio 3.443.754.502.692.393.431.371.53
Debt to equity 0.260.260.180.320.390.410.882.81
ROE 66.2%56.1%56.3%50.3%64.2%42.1%66.0%76.2%
ROA 52.5%44.4%47.5%38.0%46.3%29.9%35.0%20.0%
Interest coverage over 10037.8088.2941.19----

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.

Investments

fixed assets acquired
Item30-06-202530-06-202430-06-202330-06-2022
Tangible fixed assets€33,944€1,510€6,978€3,288
Depreciation and write-downs of the year€9,882€7,116€7,105€7,252

Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)

Insights on Comice

The operating result for 2025 is 32% higher than in 2024 and the highest since 2018. It is the third rise in a row, after the fall in 2022.

Debt's share of the balance-sheet total falls from 20.8% to 20.7%. Equity and debt are higher.

Board & ownership

Board

1 director
Coolsaet Glenn
Director
listed in the 2025 annual accounts, filed on 22-12-2025

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today
Coolsaet Glenn
Director
Board
Mandates as a list
  • Coolsaet Glenn
    • Director, from 10-07-2017 to date

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Contribution
€18,600
Source
2025 annual accounts

Network & group

No group

Comice has no parent and no holdings in its annual accounts. Coolsaet Glenn is the only director. Comice shares no director with another company.

The LEI register names no parent.

Timeline

Timeline

15 events since 2017

Deadline for the 2026 accounts: 31-01-2027

2025
Annual accounts 2025 filed PDFmicro format · 40 days before the deadline
Highest result from 2018 to 2025 net €112,276 ▲35.9% The operating result of €150,680 and the net result of €112,276 are both a record.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0678518166
2024
Annual accounts 2024 filed PDFmicro format · 64 days before the deadline
Board meeting · Other provision PDFDirector resignation · Permanent representative
2023
Annual accounts 2023 filed PDFmicro format · 41 days before the deadline
2022
Annual accounts 2022 filed PDFmicro format · 42 days before the deadline
2021
Annual accounts 2021 filed PDFmicro format · 41 days before the deadline
Annual accounts 2020 filed PDFmicro format · 26 days before the deadline
2020
Liquidity more than doubled current ratio 3.43 The current ratio rises from 1.37 to 3.43.
Equity above €150,000 equity €153,693 ▲101% With a profit in every financial year since 2018, equity grows to €153,693.
Annual accounts 2019 filed PDFmicro format · 14 days before the deadline
2018
Annual accounts 2018 filed PDFmicro format · 65 days before the deadline
2017
Incorporation PDFpublished on 14-07-2017
First establishment Hazegoedweg 11, Roeselare

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 12 July 2017, Comice was incorporated.1 Total assets went from €144,237 in 2019 to €213,718 in 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2019 and 2025

Company details

Identity

Enterprise number
0678.518.166
VAT number
BE 0678.518.166
Peppol ID
0208:0678518166
Other Peppol ID
9925:BE0678518166
LEI code
6488J8IR97JUZ543A824 live in the LEI register
Legal form
Private limited company
Status
Active, normal situation
Founded
12-07-2017
Financial year
ends on 30 June
Peppol
Reachable since 10-06-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
Comice in Dutch
Entity type
Legal entity

Activities

NACEBEL 2025
46180 Agents specialised in the wholesale of other particular products main activity
Codes under NACEBEL 2008
46180 Wholesale trade main activity

Registered office and establishments

1 establishment
Establishment Since Unit number
Hazegoedweg 11 registered office 8800 Roeselare 4619001 Agents in non-specialised wholesale trade 12-07-2017 2.266.749.646

Buildings and parcels at the address

Ground area
2,884 m²
Buildings
313 m²
Volume, LiDAR
904 m³
Tallest building
5.2 m
Buildings to scale, each on its own parcel
313 m², 5.2 m 313 m², 5.2 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
36503C0866/00E0002,884 m² 1 · 313 m² 5.2 m · 1

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