COMIN
ActiveSummary
COMIN has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €41,957 and a net result of €288. Equity is growing by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 95% of 15872 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability20▼-4
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
short-term debt: 0.8% and cash: 3.4% of total assets, and 0.8% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
99.2%
Return on assets
0.7%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-06-2025, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
34 d early
2023
33 d early
2022
48 d early
2021
31 d early
2020
23 d early
2019
56 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 38 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€41,957▲ 0.7%
2023 · €41,670
Total assets
€42,286▼ 1.8%
2023 · €43,061
Net result
€288
2023 · -€2,278
Working capital
€41,170▼ 1.2%
2023 · €41,670
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
Line20202021202220232024
Operating result€4,385▲ 34.6%-€3,824-€669▲ 82.5%-€3,846▼ 475%-€1,522▲ 60.4%
Net result€7,504within the sector's middle half▲ 25.9%-€1,936within the sector's middle half€1,566within the sector's middle half-€2,278within the sector's middle half€288within the sector's middle half
Equity€44,318within the sector's middle half▲ 20.4%€42,382within the sector's middle half▼ 4.4%€43,948within the sector's middle half▲ 3.7%€41,670within the sector's middle half▼ 5.2%€41,957within the sector's middle half▲ 0.7%
Total assets€49,162below the sector's middle half▼ 9.7%€42,670below the sector's middle half▼ 13.2%€44,491below the sector's middle half▲ 4.3%€43,061below the sector's middle half▼ 3.2%€42,286below the sector's middle half▼ 1.8%
Debt€4,844▼ 72.6%€288▼ 94.0%€543▲ 88.5%€1,391▲ 156%€329▼ 76.4%
Working capital€40,818within the sector's middle half▲ 23.9%€42,382within the sector's middle half▲ 3.8%€43,948within the sector's middle half▲ 3.7%€41,670within the sector's middle half▼ 5.2%€41,170within the sector's middle half▼ 1.2%
Solvency90.1%above the sector's middle half▲ 22.5pp99.3%above the sector's middle half▲ 9.2pp98.8%above the sector's middle half▼ 0.5pp96.8%above the sector's middle half▼ 2.0pp99.2%above the sector's middle half▲ 2.5pp
Current ratio9.43above the sector's middle half▲ 6.1681.88above the sector's middle half30.95above the sector's middle half▼ 50.94
Return on assets (ROA)15.3%above the sector's middle half▲ 4.3pp-4.5%below the sector's middle half▼ 19.8pp3.5%within the sector's middle half▲ 8.1pp-5.3%below the sector's middle half▼ 8.8pp0.7%within the sector's middle half▲ 6.0pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1,522 in 2024 against €3,846 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €42,286
Fixed assets
€787
Current assets
€41,498
Equity and liabilities €42,286
Equity
€41,957 ▲ 0.7%
Debt
€329 ▼ 76.4%
Debt's share of the balance-sheet total falls from 3.2% to 0.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
-€1,315
Cash flow
€494
Debt to equity
0.01▼
2023 · 0.03
ROE
0.7%▲
2023 · -5.5%
Interest coverage
-3.10
Debt ≤ 1 year
€329▼
2023 · €1,391
Income taxes
€174▲
2023 · €164
A ratio outside any meaningful range has been withheld (balance sheet total €42,286, equity €41,957).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,027 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
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 497,662 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 17,027 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €2,250 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,500 | €3,500 | - | - | €206 | - |
| Other operating charges640/8 | - | - | - | €541 | €343 | ▼ 36.6% |
| Gross operating margin9900 | €7,885 | -€324 | -€669 | -€3,305 | -€973 | ▲ 70.6% |
| Operating profit (loss)9901 | €4,385 | -€3,824 | -€669 | -€3,846 | -€1,522 | ▲ 60.4% |
| Financial income75/76B | - | €2,602 | €2,879 | €2,204 | €2,408 | ▲ 9.3% |
| Recurring financial income75 | €4,030 | €2,602 | €2,879 | €2,204 | €2,408 | ▲ 9.3% |
| Financial charges65/66B | - | €568 | €480 | €472 | €425 | ▼ 10.0% |
| Recurring financial charges65 | €766 | €568 | €480 | €472 | €425 | ▼ 10.0% |
| Profit (loss) for the period before taxes9903 | €7,649 | -€1,790 | €1,730 | -€2,114 | €462 | ▲ 122% |
| Income taxes67/77 | €145 | €146 | €164 | €164 | €174 | ▲ 6.1% |
| Profit (loss) for the period9904 | €7,504 | -€1,936 | €1,566 | -€2,278 | €288 | ▲ 113% |
| Profit (loss) for the period to be appropriated9905 | €7,504 | -€1,936 | €1,566 | -€2,278 | €288 | ▲ 113% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €49,162 | €42,670 | €44,491 | €43,061 | €42,286 | ▼ 1.8% |
| Fixed assets21/28 | €3,500 | - | - | - | €787 | - |
| Tangible fixed assets22/27 | €3,500 | - | - | - | €787 | - |
| Furniture and vehicles24 | - | - | - | - | €787 | - |
| Current assets29/58 | €45,662 | €42,670 | €44,491 | €43,061 | €41,498 | ▼ 3.6% |
| Amounts receivable within one year40/41 | €40,451 | €38,962 | €40,789 | €41,734 | €39,536 | ▼ 5.3% |
| Trade receivables40 | - | €688 | €743 | €919 | €526 | ▼ 42.7% |
| Other amounts receivable41 | - | €38,275 | €40,046 | €40,815 | €39,010 | ▼ 4.4% |
| Cash at bank and in hand54/58 | €716 | €656 | €355 | €834 | €1,435 | ▲ 72.1% |
| Deferred charges and accrued income490/1 | - | €3,051 | €3,347 | €493 | €527 | ▲ 7.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €49,162 | €42,670 | €44,491 | €43,061 | €42,286 | ▼ 1.8% |
| Equity10/15 | €44,318 | €42,382 | €43,948 | €41,670 | €41,957 | ▲ 0.7% |
| Contributions10/11 | - | €156,917 | €156,917 | €156,917 | €156,917 | = |
| Capital10 | - | €156,917 | €156,917 | €156,917 | €156,917 | = |
| Issued capital100 | - | €156,917 | €156,917 | €156,917 | €156,917 | = |
| Reserves13 | €1,153 | €1,153 | €1,153 | €1,153 | €1,153 | = |
| Non-distributable reserves130/1 | - | €1,153 | €1,153 | €1,153 | €1,153 | = |
| Reserves not available under the articles1311 | - | €1,153 | €1,153 | €1,153 | €1,153 | = |
| Profit (loss) carried forward14 | -€113,751 | -€115,687 | -€114,122 | -€116,400 | -€116,112 | ▲ 0.2% |
| Amounts payable17/49 | €4,844 | €288 | €543 | €1,391 | €329 | ▼ 76.4% |
| Amounts payable within one year42/48 | €4,844 | €288 | €543 | €1,391 | €329 | ▼ 76.4% |
| Trade debts44 | €1,236 | €68 | €99 | €1,227 | €105 | ▼ 91.5% |
| Suppliers440/4 | - | €68 | €99 | €1,227 | €105 | ▼ 91.5% |
| Taxes, remuneration and social security45 | - | €220 | €445 | €164 | €224 | ▲ 36.1% |
| Taxes450/3 | - | €220 | €445 | €164 | €224 | ▲ 36.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,504 | -€1,936 | €1,566 | -€2,278 | €288 | ▲ 113% |
| + Depreciation and write-downs630 | €3,500 | €3,500 | - | - | €206 | - |
| Operating cash flow (approximation) | €11,004 | €1,564 | €1,566 | -€2,278 | €494 | ▲ 122% |
| Change in cash | - | -€59 | -€302 | €479 | €601 | ▲ 25.4% |
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
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €288
Net result €288 after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 126.28
Current ratio from 30.95 to 126.28; short-term debt falls from €1,391 to €329.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€2,278
Net result drops to -€2,278, the lowest in the series; recovery starts the following year.
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €1,566
Net result €1,566 after one loss-making year.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity times 16current ratio 148.05
Current ratio from 9.43 to 148.05; short-term debt falls from €4,844 to €288.
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €7,504 ▲25.9%
Operating result €4,385, net result €7,504, both a record.
31-12
Financial
Liquidity triplescurrent ratio 9.43
Current ratio from 3.27 to 9.43; short-term debt falls from €14,506 to €4,844.
Show earlier events
05-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
14-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
12-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
06-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Eupen · 1 establishment unit since 1982
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Auf'm Rain 294700 Eupen1 establishment unit
COMIN
since 19822.020.181.188
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Of 6,146 companies in sector 46190 we hold annual accounts for 2,577. 1,903 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
Founded17-02-1982
Fiscal year end31-12
Activities, NACEBEL 2025
46190Agents in non-specialised wholesale trade
70200Business and other management consultancy
82990Other business support services
96999Other personal services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0422445094
Also
9925:BE0422445094
Registered
12-12-2025
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.