COMINDUS
InactiveOverview
Overview
Official details
Source: KBO- Status
- Inactive deed of incorporation of 09-07-1993 · last publication under the heading End on 25-09-2024
- Activity
- “La gérance, l'étude et la consultance, notamment et non exclusivement, en matière industrielle, commerciale…” (deed in French)From the articles, 2 activitiesNo NACE code in the KBO yet
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Board and ownership
Board
- ELSEN Philippe Georges LouisDirector
- Olivier ElsenDirector
- Roselyne DUSDirector
- Auditor
- Vincent DE WULF
Financial position
No score
Annual accounts 2023
- Turnover
- €485,351
- ▼ 74.1%
- Profit
- €5,228
- ▼ 77.7%
- Equity
- €121,634
- ▲ 4.5%
- Total assets
- €131,186
- ▼ 55.3%
Turnover -74%: other schema
Financials
Financials · financial year 2023, micro format
Annual accounts 2023 filed on 12-06-2024 PDF all 30 filings
Turnover
€485,351▼ 74.1%
2022 · €1.9m
EBIT margin
1.5%▼ 0.3pp
2022 · 1.7%
Net result
€5,228▼ 77.7%
2022 · €23,427
Working capital
€121,634▲ 4.5%
2022 · €116,406
Multi-year overview
2018 to 2023, 6 financial yearsTurnover
€485,351
▼ 74.1%
2023
20182023
Operating result
€7,258
▼ 77.9%
2023
20182023
Net result
€5,228
▼ 77.7%
2023
20182023
EBIT margin
1.5%
▼ 0.3pp
2023
20182023
Equity
€121,634
▲ 4.5%
2023
20182023
Total assets
€131,186
▼ 55.3%
2023
20182023
Debt
€9,552
▼ 94.6%
2023
20182023
Working capital
€121,634
▲ 4.5%
2023
20182023
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Turnover€0.08m-€0.3m▲ 261%€0.08m▼ 73.0%€0.02m▼ 73.7%€1.9m▲ 87×€0.5m▼ 74.1%
Operating result€0.01m-€0.02m▲ 103%€0.02m▼ 27.8%-€0.001m€0.03m€0.007m▼ 77.9%
Net result€0.007m-€0.01m▲ 113%€0.01m▼ 14.6%-€0.001m€0.02m€0.005m▼ 77.7%
EBIT margin12.6%-7.1%▼ 5.5pp18.9%▲ 11.9pp-4.2%▼ 23.1pp1.7%▲ 5.9pp1.5%▼ 0.3pp
Equity€0.07m-€0.08m▲ 20.6%€0.09m▲ 14.6%€0.09m▼ 1.5%€0.1m▲ 25.2%€0.1m▲ 4.5%
Total assets€0.2m-€0.09m▼ 60.8%€0.1m▲ 22.7%€0.1m▼ 0.8%€0.3m▲ 160%€0.1m▼ 55.3%
Debt€0.2m-€0.01m▼ 93.9%€0.02m▲ 87.9%€0.02m▲ 2.8%€0.2m▲ 788%€0.01m▼ 94.6%
Working capital€0.07m-€0.08m▲ 20.6%€0.09m▲ 14.6%€0.09m▼ 1.5%€0.1m▲ 25.2%€0.1m▲ 4.5%
The operating result for 2023 is 78% lower than in 2022.
Large changes and their cause
- 2023 Turnover -74% on 2022. The accounts now follow the micro format, last year the full format.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Equity and liabilities €131,186
Equity
€121,634 ▲ 4.5%
Debt
€9,552 ▼ 94.6%
Debt's share of the balance-sheet total falls from 60.3% to 7.3%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
13.73▲
2022 · 1.66
Debt to equity
0.08▼
2022 · 1.52
ROE
4.3%▼
2022 · 20.1%
ROA
4.0%▼
2022 · 8.0%
Debt ≤ 1 year
€9,552▼
2022 · €176,854
Income taxes
€1,743▼
2022 · €7,823
Customer credit
13 days▲
2022 · 3 days
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Turnover70 | €0.08m | €0.3m | €0.08m | €0.02m | €1.9m | €0.5m | ▼ 74.1% |
| Non-recurring operating income76A | - | - | - | €0.02m | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €1.8m | €0.5m | ▼ 74.1% |
| Other operating charges640/8 | - | - | - | €418 | €348 | - | - |
| Gross operating margin9900 | €0.01m | €0.02m | €0.02m | -€483 | €0.03m | €0.007m | ▼ 78.1% |
| Operating profit (loss)9901 | €0.01m | €0.02m | €0.02m | -€0.001m | €0.03m | €0.007m | ▼ 77.9% |
| Financial income75/76B | - | - | - | €0 | - | €162 | - |
| Recurring financial income75 | €0.001m | €253 | €0.001m | €0 | - | €162 | - |
| Financial charges65/66B | - | - | - | €0.001m | €0.002m | €450 | ▼ 71.2% |
| Recurring financial charges65 | €0.002m | €0.002m | - | €0.001m | €0.002m | €450 | ▼ 71.2% |
| Profit (loss) for the period before taxes9903 | €0.009m | €0.02m | €0.02m | -€0.001m | €0.03m | €0.007m | ▼ 77.7% |
| Income taxes67/77 | €0.003m | €0.006m | €0.004m | €0 | €0.008m | €0.002m | ▼ 77.7% |
| Profit (loss) for the period9904 | €0.007m | €0.01m | €0.01m | -€0.001m | €0.02m | €0.005m | ▼ 77.7% |
| Profit (loss) for the period to be appropriated9905 | €0.007m | €0.01m | €0.01m | -€0.001m | €0.02m | €0.005m | ▼ 77.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €236,414 | €92,737 | €113,795 | €112,895 | €293,260 | €131,186 | ▼ 55.3% |
| Current assets29/58 | €236,414 | €92,737 | €113,795 | €112,895 | €293,260 | €131,186 | ▼ 55.3% |
| Stocks and contracts in progress3 | €231,407 | €61,963 | €45,904 | €28,454 | €40,624 | €0 | ▼ 100% |
| Stocks30/36 | - | - | - | €28,454 | €40,624 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €4,610 | €23,685 | €6,768 | €14,234 | €13,090 | €17,677 | ▲ 35.0% |
| Other amounts receivable41 | - | - | - | €14,234 | €13,090 | €17,677 | ▲ 35.0% |
| Cash at bank and in hand54/58 | €398 | €7,089 | €61,123 | €70,207 | €239,546 | €113,509 | ▼ 52.6% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €236,414 | €92,737 | €113,795 | €112,895 | €293,260 | €131,186 | ▼ 55.3% |
| Equity10/15 | €68,370 | €82,429 | €94,430 | €92,979 | €116,406 | €121,634 | ▲ 4.5% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Capital10 | - | - | - | €18,592 | €18,592 | €18,592 | = |
| Issued capital100 | - | - | - | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €3,100 | €3,100 | €3,100 | €3,100 | €3,100 | €3,100 | = |
| Non-distributable reserves130/1 | - | - | - | €3,100 | €3,100 | €3,100 | = |
| Legal reserve130 | - | - | - | €3,100 | €3,100 | €3,100 | = |
| Profit (loss) carried forward14 | €46,678 | €60,737 | €72,738 | €71,287 | €94,714 | €99,942 | ▲ 5.5% |
| Amounts payable17/49 | €168,044 | €10,308 | €19,365 | €19,916 | €176,854 | €9,552 | ▼ 94.6% |
| Amounts payable within one year42/48 | €168,044 | €10,308 | €19,365 | €19,916 | €176,854 | €9,552 | ▼ 94.6% |
| Trade debts44 | - | - | - | - | €54,075 | - | - |
| Suppliers440/4 | - | - | - | - | €54,075 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €4,000 | €7,809 | €9,552 | ▲ 22.3% |
| Taxes450/3 | - | - | - | €4,000 | €7,809 | €9,552 | ▲ 22.3% |
| Other amounts payable47/48 | - | - | - | €15,916 | €114,970 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,598 | €14,059 | €12,001 | -€1,451 | €23,427 | €5,228 | ▼ 77.7% |
| Operating cash flow (approximation) | €6,598 | €14,059 | €12,001 | -€1,451 | €23,427 | €5,228 | ▼ 77.7% |
| Change in cash | - | €6,691 | €54,034 | €9,084 | €169,339 | -€126,037 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 30 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2023 | micro format | 12-06-2024 | 2024-00137892 | |
| 31-12-2022 | full format | 28-06-2023 | 2023-00175724 | |
| 31-12-2021 | full format | 27-06-2022 | 2022-20101950 | |
| 31-12-2020 | full format | 01-07-2021 | 2021-28800195 | |
| 31-12-2019 | full format | 17-06-2020 | 2020-17800337 | |
| 31-12-2018 | full format | 28-06-2019 | 2019-24700002 | |
| 31-12-2017 | full format | 21-06-2018 | 2018-20900182 | |
| 31-12-2016 | full format | 07-06-2017 | 2017-15500385 | |
| 31-12-2015 | full format | 28-06-2016 | 2016-22800438 | |
| 31-12-2014 | full format | 23-06-2015 | 2015-22900522 |
Board & ownership
Directors
Directors
3 directors
Board 3
ELSEN Philippe Georges Louis
Current
Director (not named in the articles) · in office according to the act of 15-07-2022 · term without a fixed end
Olivier Elsen
Current
Director (not named in the articles) · in office according to the act of 15-07-2022 · term without a fixed end · also on the board of 3 other companies
Roselyne DUS
Current
Director (not named in the articles) · in office according to the act of 15-07-2022 · term without a fixed end
Statutory auditor 1
Vincent DE WULF
Current
Auditor · appointed in the act of 08-02-2024
Owners and capital
Shareholders
Stated in the act
act of 25-09-2024 ↗
- Roseline DUS 500 shares
- Philippe ELSEN 250 shares
Stated in the act
act of 28-07-2023 ↗
- DUS Roseline Eliane Kodie Marianne 500 shares
- ELSEN Philippe Georges Louis 250 shares
Stated in the act
act of 15-07-2022 ↗
- DUS Roseline Eliane Kodie Marianne 500 shares
- ELSEN Philippe Georges Louis 250 shares
Capital transactions
Capital over time
- 25-09-2024 Capital stated in the deed · 750 shares
- 15-07-2022 Converted to unavailable equity · €21,692
Mandate history
4 people, 4 in office
- Board
- Statutory auditor
- began earlier
| Name | Functions and periods |
|---|---|
| ELSEN Philippe Georges Louis |
|
| Olivier Elsen |
|
| Roselyne DUS |
|
| Vincent DE WULF |
|
Network & group
Acquisitions and mergers
2 transactionsTaken over by:ELSEN NUMISMATICA
Contributed a branch of activity to:Elsen Numismatica
Connections & network
3 connected companiesThis company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
ELSEN NUMISMATICA
via Olivier Elsen · Director
→
J.G. ELSEN INVESTMENT
via Olivier Elsen · Director
→
JEAN ELSEN ET SES FILS
via Olivier Elsen · Managing director
→
Timeline
Acts, filings and financial milestones
2024
25-09
Gazette deed
Merger: absorbed by ELSEN NUMISMATICADissolution of the company · Shareholding · Accounting effect23 points ▸
Gazette deed
Merger: absorbed by ELSEN NUMISMATICA
Dissolution of the company · Shareholding · Accounting effect23 points ▸
- Roseline DUS holds 500 shares
- Philippe ELSEN holds 250 shares
- SA JG ELSEN INVESTMENT holds 20 shares
- Olivier Jozef ELSEN holds 90 shares
- Philippe ELSEN holds 90 shares
- Other provision, “actualisation des informations” (deed in French)
- Merger, “absorption”, 30-09-2023 (deed in French)
- Accounting effect, 01-10-2023, mentioned 2 times in the deed
- Dissolution, merger, “fusion par absorption” (deed in French)
- Power of attorney, Philippe ELSEN
- Power of attorney, Olivier Jozef ELSEN
- General meeting, 19-07-2024
- The act holds 11 more points.
12-06
micro format · 49 days before the deadline
08-02
Gazette deed
Transfer proposal: Comindus transfers a branch of activity or a universality to Elsen NumismaticaAppointment: Vincent DE WULF (réviseur d'entreprises) · Net-asset statement · Auditor report5 points ▸
Gazette deed
Transfer proposal: Comindus transfers a branch of activity or a universality to Elsen Numismatica
Appointment: Vincent DE WULF (réviseur d'entreprises) · Net-asset statement · Auditor report5 points ▸
- Merger, “apport de l'intégralité du patrimoine, économie d'échelle et rationalisation des coûts” (deed in French)
- Net-asset statement, 30-09-2023
- Auditor appointment, Vincent DE WULF (réviseur d'entreprises)
- Auditor report, 30-09-2023
- Other provision, 04-10-2023
2023
31-12
Financial
Liquidity more than 8 timescurrent ratio 13.73
The current ratio rises from 1.66 to 13.73. Short-term debt falls from €176,854 to €9,552.
28-07
Gazette deed
Purpose · Legal-form changeShareholding · Purpose change · Power of attorney10 points ▸
Gazette deed
Purpose · Legal-form change
Shareholding · Purpose change · Power of attorney10 points ▸
- General meeting, 25-07-2023
- DUS Roseline Eliane Kodie Marianne holds 500 shares
- ELSEN Philippe Georges Louis holds 250 shares
- Other provision, “BE 0450.350.016, immatriculation TVA et RPM” (deed in French)
- Other provision, 17-06-1993
- Other provision, “tous les administrateurs, renonciation convocations administrateurs” (deed in French)
- Other provision, “transmission rapport objet, sans délai” (deed in French)
- Other provision, “unanimité, organe d’administration” (deed in French)
- Purpose change, mentioned 2 times in the deed
- Power of attorney, Régis Dechamps
28-06
full format · 33 days before the deadline
2022
31-12
Financial
Back to profitnet €23,427
The net result is €23,427, after one loss-making year.
31-12
Financial
Equity above €100,000equity €116,406 ▲25.2%
Equity rises from €92,979 to €116,406.
15-07
Gazette deed
Company renamed from FIDUCIAIRE COMINDUS to COMINDUSRegistered office moved from Waterloo to Etterbeek · New seat: 1040 Etterbeek, avenue de Tervueren 65 · Previous seat: 1410 Waterloo, avenue de l’Orangerie 519 points ▸
Gazette deed
Company renamed from FIDUCIAIRE COMINDUS to COMINDUS
Registered office moved from Waterloo to Etterbeek · New seat: 1040 Etterbeek, avenue de Tervueren 65 · Previous seat: 1410 Waterloo, avenue de l’Orangerie 519 points ▸
- General meeting, 12-07-2022
- DUS Roseline Eliane Kodie Marianne holds 500 shares
- ELSEN Philippe Georges Louis holds 250 shares
- Capital
- Other provision, “changement dénomination en COMINDUS, rapport organe administration justification détaillée modification objet” (deed in French)
- Other provision, “modifier objet ajout second tiret article 3:Au conseil en organisation,gestion affaires,patrimoine,contrôles,achat,vente,expertises antiquités,objet art,monnaie…” (deed in French)
- Other provision, “adoption nouveaux statuts concordance Code sans modification objet, mission notaire établir déposer coordination statuts” (deed in French)
- Other provision, “validité assemblée, exposé exact,assemblée valablement constituée apte à délibérer” (deed in French)
- Name change, COMINDUS
- Other provision, “rapport organe administration, actionnaires reçurent copie prirent connaissance” (deed in French)
- Registered-office move, 1040 Etterbeek,avenue de Tervueren 65
- Amendment of the articles, mentioned 2 times in the deed
- The act holds 7 more points.
27-06
full format · 34 days before the deadline
2021
31-12
Financial
Weakest financial yearnet -€1,451
The net result drops to -€1,451, the lowest from 2018 to 2023.
01-07
full format · 30 days before the deadline
Show earlier events
2020
17-06
full format · 44 days before the deadline
2019
31-12
Financial
Liquidity more than 6 timescurrent ratio 9.00
The current ratio rises from 1.41 to 9.00. Short-term debt falls from €168,044 to €10,308.
28-06
full format · 33 days before the deadline
2018
21-06
full format · 40 days before the deadline
2017
07-06
full format · 54 days before the deadline
2016
28-06
full format · 33 days before the deadline
2015
23-06
full format · 38 days before the deadline
1993
09-07
Gazette deed
Incorporation
18 publications in the Belgian Official Gazette, the last on 25-09-2024
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Inactive
Inactive
COMINDUS is no longer in the KBO register.
- Status
- Inactive
- Last annual accounts
- financial year to 31 December 2023
- Last registered office
- Avenue De Tervueren 65, 1040 Etterbeek (Bruxelles)as published on 25 September 2024
- Legal form
- Private limited company
- First annual accounts
- financial year 1994
Purpose, financial year and meetings according to the articles of association
Name, seat, purpose and duration
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “La gérance, l'étude et la consultance, notamment et non exclusivement, en matière industrielle, commerciale, financière, informatiques…”deed of 08-02-2024 (in French)
2 activities
- La gérance, l'étude et la consultance, notamment et non exclusivement, en matière industrielle, commerciale, financière, informatiques, sociale, juridique, immobilière et mobilière, de traduction, et manière générale, tous services aux particuliers et aux entreprises
- Le conseil en organisation, en gestion des affaires, de patrimoine, en contrôles de tous ordres, en achat, vente et expertises d'antiquités, objet d'art, monnaies, métaux précieux (or, platine et argent)
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 15-07-2022 (in French)
General meeting and financial year
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Thursday of May at 18:00
deed of 15-07-2022 (in French)