COMINK
ActiveSummary
COMINK has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €24,070 and a net result of €76,550. Equity is growing by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 9% of 169 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▲+25
Solvency28▼-19
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity tight (current ratio 1.04 against 1.79 in 2024; short-term debt: 73.3% of total assets), and 97.2% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 18
Relative position
BE, all sectors
reference
Printing and reproduction of recorded media (NACE 18)
about 11% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
2.8%
Return on assets
9%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 169 sector peers (2025).
NBB · sector comparisonPosition among 169 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-04-2026, 87 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
87 d late
2024
104 d late
2023
110 d late
2022
15 d early
2021
8 d late
2020
2 d early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 42 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€76,550
2024 · -€45,359
Working capital
€25,251▼ 87.7%
2024 · €204,653
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€111,542▼ 17.5%€50,883▼ 54.4%€85,842▲ 68.7%-€42,442€108,687
Net result€3,716▼ 93.9%€39,871▲ 973%€27,170▼ 31.9%-€45,359€76,550
Equity€156,122▲ 2.4%€187,996▲ 20.4%€215,166▲ 14.5%€169,807▼ 21.1%€24,070▼ 85.8%
Total assets€915,650▲ 2.9%€862,307▼ 5.8%€845,063▼ 2.0%€767,638▼ 9.2%€846,960▲ 10.3%
Debt€759,527▲ 3.0%€674,311▼ 11.2%€629,897▼ 6.6%€597,831▼ 5.1%€822,889▲ 37.6%
Working capital€107,328▼ 54.2%€143,562▲ 33.8%€150,967▲ 5.2%€204,653▲ 35.6%€25,251▼ 87.7%
Staff (FTE)1.4▼ 54.8%1▼ 28.6%2.5▲ 150%2.4▼ 4.0%3▲ 25.0%
Why a figure moved sharply
- 2025 Equity -86% on 2024. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €108,687 after a loss of €42,442 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €846,960
Fixed assets
€200,734 ▼ 33.7%
Current assets
€646,225 ▲ 39.0%
Equity and liabilities €846,960
Equity
€24,070 ▼ 85.8%
Debt
€822,889 ▲ 37.6%
Debt's share of the balance-sheet total rises from 77.9% to 97.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€210,648▲
2024 · €87,538
Cash flow
€178,511▲
2024 · €84,621
Current ratio
1.04▼
2024 · 1.79
Quick ratio
0.96▼
2024 · 1.61
Debt to equity
34.19▲
2024 · 3.52
ROE
318.0%▲
2024 · -26.7%
ROA
9.0%▲
2024 · -5.9%
Interest coverage
9.31▲
2024 · 5.22
Debt ≤ 1 year
€620,974▲
2024 · €260,289
Debt > 1 year
€200,916▼
2024 · €337,542
Income taxes
€9,523▲
2024 · -€258
Staff costs
€165,268▲
2024 · €135,020
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,322 companies that looked in July 2024 the way this one looks now, 1.3% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.3%
went bankrupt
3.1%
stopped otherwise
95%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,058 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% | 1.6% |
| 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 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 1,322 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €21,519 | €121,685 | €135,020 | €165,268 | ▲ 22.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €107,235 | €107,834 | €117,717 | €129,980 | €101,962 | ▼ 21.6% |
| Other operating charges640/8 | - | €6,593 | €1,879 | €5,340 | €14 | ▼ 99.7% |
| Non-recurring operating charges66A | - | - | €10,904 | €0 | - | - |
| Gross operating margin9900 | €290,334 | €186,830 | €338,026 | €227,898 | €375,930 | ▲ 65.0% |
| Operating profit (loss)9901 | €111,542 | €50,883 | €85,842 | -€42,442 | €108,687 | ▲ 356% |
| Financial income75/76B | - | €3,788 | €4,625 | €13,610 | - | - |
| Recurring financial income75 | €1 | €3,788 | €4,625 | €13,610 | - | - |
| Financial charges65/66B | - | €13,943 | €17,577 | €16,785 | €22,614 | ▲ 34.7% |
| Recurring financial charges65 | €106,841 | €13,943 | €17,577 | €16,785 | €22,614 | ▲ 34.7% |
| Profit (loss) for the period before taxes9903 | €4,703 | €40,727 | €72,890 | -€45,617 | €86,073 | ▲ 289% |
| Income taxes67/77 | €987 | €856 | €45,720 | -€258 | €9,523 | ▲ 3,791% |
| Profit (loss) for the period9904 | €3,716 | €39,871 | €27,170 | -€45,359 | €76,550 | ▲ 269% |
| Transfer from tax-exempt reserves789 | - | - | - | €9,810 | - | - |
| Profit (loss) for the period to be appropriated9905 | €3,716 | €39,871 | €27,170 | -€35,549 | €76,550 | ▲ 315% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €915,650 | €862,307 | €845,063 | €767,638 | €846,960 | ▲ 10.3% |
| Fixed assets21/28 | €479,547 | €418,259 | €419,870 | €302,696 | €200,734 | ▼ 33.7% |
| Intangible fixed assets21 | €22,180 | €14,780 | €7,380 | €0 | - | - |
| Tangible fixed assets22/27 | €457,187 | €403,300 | €412,311 | €302,516 | €200,554 | ▼ 33.7% |
| Land and buildings22 | - | €4,973 | €4,354 | €3,735 | €2,498 | ▼ 33.1% |
| Plant, machinery and equipment23 | - | €347,717 | €371,626 | €265,701 | €169,138 | ▼ 36.3% |
| Furniture and vehicles24 | - | €15,249 | €5,375 | €6,413 | €3,823 | ▼ 40.4% |
| Other tangible fixed assets26 | - | €35,361 | €30,955 | €26,667 | €25,096 | ▼ 5.9% |
| Financial fixed assets28 | €180 | €180 | €180 | €180 | €180 | = |
| Current assets29/58 | €436,103 | €444,048 | €425,193 | €464,942 | €646,225 | ▲ 39.0% |
| Stocks and contracts in progress3 | €105,939 | €87,406 | €45,000 | €45,000 | €47,585 | ▲ 5.7% |
| Stocks30/36 | - | €87,406 | €45,000 | €45,000 | €47,585 | ▲ 5.7% |
| Amounts receivable within one year40/41 | €186,614 | €172,223 | €291,710 | €413,417 | €598,640 | ▲ 44.8% |
| Trade receivables40 | - | €119,254 | €157,308 | €141,185 | €153,418 | ▲ 8.7% |
| Other amounts receivable41 | - | €52,969 | €134,402 | €272,231 | €445,222 | ▲ 63.5% |
| Cash at bank and in hand54/58 | €106,781 | €117,199 | €88,482 | €3,000 | - | - |
| Deferred charges and accrued income490/1 | - | €67,219 | - | €3,525 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €915,650 | €862,307 | €845,063 | €767,638 | €846,960 | ▲ 10.3% |
| Equity10/15 | €156,122 | €187,996 | €215,166 | €169,807 | €24,070 | ▼ 85.8% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €19,668 | €11,670 | €11,670 | €11,670 | €11,670 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €0 | - | - |
| Tax-exempt reserves132 | - | €9,810 | €9,810 | €0 | - | - |
| Distributable reserves133 | - | - | - | €11,670 | €11,670 | = |
| Profit (loss) carried forward14 | €124,054 | €163,925 | €191,096 | €145,737 | €0 | ▼ 100% |
| Amounts payable17/49 | €759,527 | €674,311 | €629,897 | €597,831 | €822,889 | ▲ 37.6% |
| Amounts payable after more than one year17 | €430,753 | €373,825 | €355,671 | €337,542 | €200,916 | ▼ 40.5% |
| Financial debts170/4 | - | €373,825 | €355,671 | €337,542 | €200,916 | ▼ 40.5% |
| Amounts payable within one year42/48 | €328,775 | €300,486 | €274,226 | €260,289 | €620,974 | ▲ 139% |
| Current portion of amounts payable after more than one year42 | - | €109,199 | €115,967 | €118,004 | €155,371 | ▲ 31.7% |
| Financial debts43 | - | €82,672 | €4,657 | €59,253 | €96,823 | ▲ 63.4% |
| Credit institutions430/8 | - | €82,672 | €4,657 | €59,253 | €96,823 | ▲ 63.4% |
| Trade debts44 | €178,850 | €90,465 | €148,633 | €40,157 | €77,749 | ▲ 93.6% |
| Suppliers440/4 | - | €90,465 | €148,633 | €40,157 | €77,749 | ▲ 93.6% |
| Taxes, remuneration and social security45 | - | €18,150 | €4,968 | €42,874 | €44,415 | ▲ 3.6% |
| Taxes450/3 | - | €14,866 | - | €33,848 | €24,029 | ▼ 29.0% |
| Remuneration and social security454/9 | - | €3,284 | €4,968 | €9,026 | €20,386 | ▲ 126% |
| Other amounts payable47/48 | - | - | - | - | €246,616 | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €1,000 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,716 | €39,871 | €27,170 | -€45,359 | €76,550 | ▲ 269% |
| + Depreciation and write-downs630 | €107,235 | €107,834 | €117,717 | €129,980 | €101,962 | ▼ 21.6% |
| Operating cash flow (approximation) | €110,951 | €147,705 | €144,888 | €84,621 | €178,511 | ▲ 111% |
| Investment in fixed assets (approximation) | - | -€46,546 | -€119,328 | -€12,805 | €0 | ▲ 100% |
| Change in cash | - | €10,418 | -€28,717 | -€85,482 | - | - |
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
Next filing, fiscal year 2026, expected by
2026
28-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 87 days late
2025
30-06
Financial
Back to profitnet €76,550
Net result €76,550 after one loss-making year.
15-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 104 days late
2024
30-06
Financial
Weakest financial yearnet -€45,359
Net result drops to -€45,359, the lowest in the series; recovery starts the following year.
20-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 110 days late
2023
30-06
Financial
Equity above €200,000Eq €215,166 ▲14.5%
5 profitable years in a row build equity to €215,166.
16-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
08-02
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 8 days late
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-06
Financial
Liquidity doublescurrent ratio 2.29
Current ratio from 1.01 to 2.29; short-term debt falls from €240,264 to €181,465.
30-06
Financial
Equity above €150,000Eq €152,407 ▲65.9%
2 profitable years in a row build equity to €152,407.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
23-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
15-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
16-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Awans · 1 establishment unit since 2013
Ground area
6.6 ha
Parcel 62006B0520/00G002, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue de Bruxelles 174, 4340 Awans
since 20132.220.447.388
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62006B0520/00G002 | Wallonia | 6.6 ha | - | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
25490068FD7IDXLX7T97
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Of 1,597 companies in sector 18120 we hold annual accounts for 807. 472 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded18-06-2013
Fiscal year end30-06
Activities, NACEBEL 2025
18120Other printing
18130Pre-press and pre-media services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0535752576
Registered
05-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.