COMINOTTO
ActiveSummary
COMINOTTO has been active since 1991 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €241,777 and a net result of €12,802. Equity has been growing by about 11% per year since 2018. Its solvency ranks better than 38% of 331 sector peers (NACE 23, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 10-06-1991 Normal situation
- Activity
- Cutting, shaping and finishing of stone NACE 23700and 1 other
- Joint committees
- 200 Aanvullend Paritair Comité voor de bedienden
- 106.02 Paritair Subcomité voor de betonindustrie · annual accounts 2025
- Establishment units
- 2.053.272.640 8500 Kortrijk, since 27-06-1991
- 2.342.764.883 8500 Kortrijk, since 01-12-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 19-09-2025
Board and ownership
Board
- Terra MiaManaging director · permanent representative Erik Heemeryck
Shareholders
- Terra Mia100%· score 6830-09-2025 annual accounts of Terra Mia
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
Annual accounts 2025
- Gross margin
- €235,511
- ▼ 0.6%
- Turnover
- ≈ €600,000
- estimated
- Profit
- €12,802
- ▼ 56.6%
- Equity
- €241,777
- ▼ 10.1%
- Total assets
- €744,897
- ▼ 3.7%
- Employees on 31-12-2025
- 2
- =
Score breakdownraises riskLiquidity: current ratio 1.09, cash €2,067, halvedlowers riskFounded in 1991Size: 1.5 FTE, total assets €744,897Legal form: public limited companyShow the evidence
Checked score
Score 2025
85
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 25% of micro companies in non-metallic mineral products (NACE 23)
Financial strength · tick: 2024
Weak
Solvency
57-3
equity 32.5% of total assets
Liquidity
22-4
short-term debt 55.6% · cash 0.3%
Profitability
57-17
return on assets 1.7%
Bankruptcy probability within 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.1%▼ -0.1 percentage points vs 06-2025lowest value
08-2025: 0.1%● unchanged vs 07-2025lowest value
09-2025: 0.1%● unchanged vs 08-2025lowest value
10-2025: 0.1%● unchanged vs 09-2025lowest value
11-2025: 0.1%● unchanged vs 10-2025lowest value
12-2025: 0.1%● unchanged vs 11-2025lowest value
01-2026: 0.1%● unchanged vs 12-2025lowest value
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: 0.2%▲ +0.1 percentage points vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026highest value
07-2026: 0.2%● unchanged vs 06-2026highest value
08-2026: 0.2%● unchanged vs 07-2026highest value
09-2026: 0.2%● unchanged vs 08-2026highest value
10-2026: 0.2%● unchanged vs 09-2026highest value
11-2026: 0.2%● unchanged vs 10-2026highest value
Credit of up to €20,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.09 (1.01 in 2024), below the usual 1.5. Short-term debt is 55.6% and cash 0.3% of total assets. 67.5% of the assets are financed with debt and provisions.
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 23, micro). It does better than 35% of them on solvency, 12% on liquidity, 32% on profitability and 20% on growth.
The bankruptcy probability was computed on 02-11-2026 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.
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).
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-05-2026, 84 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
84 days early
2024
157 days early
2023
16 days early
2022
on the day
2021
31 days early
2020
26 days late
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 39 days before the deadline. In the sector (NACE 23), the median for financial year 2024 was 10 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 June (4 of the last 5 accounts filed within 53 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 08-05-2026 PDF all 34 filings
Turnover
≈ €600,000
Estimated: probably between €370,000 and €1.1m
Total assets
€744,897▼ 3.7%
2024 · €773,649
Net result
€12,802▼ 56.6%
2024 · €29,473
Working capital
€35,511▲ 12×
2024 · €2,864
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€46,829
▼ 13.9%
2025
20182025
Net result
€12,802
▼ 56.6%
2025
middle half of the sector
20182025
Equity
€241,777
▼ 10.1%
2025
middle half of the sector
20182025
Total assets
€744,897
▼ 3.7%
2025
middle half of the sector
20182025
Debt
€503,120
▼ 0.3%
2025
20182025
Working capital
€35,511
▲ 12×
2025
middle half of the sector
20182025
Solvency
32.5%
▼ 2.3pp
2025
middle half of the sector
20182025
Current ratio
1.09
▲ 0.08
2025
middle half of the sector
20182025
Return on assets (ROA)
1.7%
▼ 2.1pp
2025
middle half of the sector
20182025
Staff (FTE)
1.5
▼ 6.3%
2025
lowest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€28,290-€7,341▼ 74.0%€32,204▲ 339%€36,601▲ 13.7%€37,806▲ 3.3%€202,343▲ 435%€54,381▼ 73.1%€46,829▼ 13.9%
Net result€16,688--€696€35,090within the sector's middle half€31,181above the sector's middle half▼ 11.1%€28,887within the sector's middle half▼ 7.4%€138,868within the sector's middle half▲ 381%€29,473within the sector's middle half▼ 78.8%€12,802within the sector's middle half▼ 56.6%
Equity€142,172-€141,476▼ 0.5%€176,566below the sector's middle half▲ 24.8%€207,747above the sector's middle half▲ 17.7%€116,634below the sector's middle half▼ 43.9%€239,502within the sector's middle half▲ 105%€268,975within the sector's middle half▲ 12.3%€241,777within the sector's middle half▼ 10.1%
Total assets€379,076-€409,489▲ 8.0%€451,916below the sector's middle half▲ 10.4%€487,723above the sector's middle half▲ 7.9%€800,454below the sector's middle half▲ 64.1%€677,111below the sector's middle half▼ 15.4%€773,649within the sector's middle half▲ 14.3%€744,897within the sector's middle half▼ 3.7%
Debt€236,904-€268,013▲ 13.1%€275,350▲ 2.7%€279,976▲ 1.7%€683,820▲ 144%€437,608▼ 36.0%€504,674▲ 15.3%€503,120▼ 0.3%
Working capital€272,248-€280,334▲ 3.0%€311,264within the sector's middle half▲ 11.0%€338,328above the sector's middle half▲ 8.7%-€90,111below the sector's middle half€43,336within the sector's middle half€2,864below the sector's middle half▼ 93.4%€35,511within the sector's middle half▲ 12×
Solvency37.5%-34.5%▼ 3.0pp39.1%within the sector's middle half▲ 4.5pp42.6%within the sector's middle half▲ 3.5pp14.6%below the sector's middle half▼ 28.0pp35.4%within the sector's middle half▲ 20.8pp34.8%within the sector's middle half▼ 0.6pp32.5%within the sector's middle half▼ 2.3pp
Current ratio5.76-4.37▼ 1.394.15above the sector's middle half▼ 0.235.71above the sector's middle half▲ 1.570.86below the sector's middle half▼ 4.851.15within the sector's middle half▲ 0.281.01below the sector's middle half▼ 0.141.09within the sector's middle half▲ 0.08
Return on assets (ROA)4.4%--0.2%▼ 4.6pp7.8%within the sector's middle half▲ 7.9pp6.4%within the sector's middle half▼ 1.4pp3.6%within the sector's middle half▼ 2.8pp20.5%above the sector's middle half▲ 16.9pp3.8%within the sector's middle half▼ 16.7pp1.7%within the sector's middle half▼ 2.1pp
Staff (FTE)3-3=2.4below the sector's middle half▼ 20.0%1.3▼ 45.8%1below the sector's middle half▼ 23.1%1.8below the sector's middle half▲ 80.0%1.6below the sector's middle half▼ 11.1%1.5below the sector's middle half▼ 6.3%
above
within
below
The sector band is the middle half of the companies in Manufacture of other non-metallic mineral products (NACE 23). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 14% lower than in 2024. It is the second fall in a row.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €744,897
Fixed assets
€295,039 ▼ 19.7%
Current assets
€449,858 ▲ 10.7%
Equity and liabilities €744,897
Equity
€241,777 ▼ 10.1%
Debt
€503,120 ▼ 0.3%
Debt's share of the balance-sheet total rises from 65.2% to 67.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€117,767▼
2024 · €121,906
Cash flow
€83,740▼
2024 · €96,997
Quick ratio
0.88▼
2024 · 0.90
Debt to equity
2.08▲
2024 · 1.88
ROE
5.3%▼
2024 · 11.0%
Interest coverage
4.33▼
2024 · 7.76
Debt ≤ 1 year
€414,347▲
2024 · €403,552
Debt > 1 year
€85,898▼
2024 · €101,122
Income taxes
€7,826▼
2024 · €12,822
Staff costs
€109,271▲
2024 · €107,757
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 2 | 2 | 2 |
| full-time | 1 | 1 | 2 | 1 | 2 |
| part-time | 0 | 0 | 0 | 1 | 0 |
| in full-time equivalents | 1 | 0 | 2 | 1.6 | 2 |
| Average over the year, in full-time equivalents | 1.3 | 1 | 1.8 | 1.6 | 1.5 |
| On a permanent contract | 1 | 1 | 2 | 2 | 2 |
| Joined | 0 | - | 2 | 1 | 3 |
| Left | 1 | - | 1 | 1 | 3 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | - | - | €169,167 | €134,167 | €99,167 |
| Debts guaranteed by Belgian public bodies | - | €28,758 | - | - | €36,311 |
| Pledge on other assets, amount secured | - | - | €177,000 | €177,000 | €177,000 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €53,363 | €17,924 | €22,818 | €101,523 | - |
| Intangible fixed assets | - | €180,000 | €126,000 | €0 | - |
| Financial fixed assets | - | - | €2,850 | - | - |
| Depreciation and write-downs of the year | €13,348 | €16,969 | €37,010 | €67,525 | €70,938 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2023 to 2025 · 2 entries · €468 awarded · €468 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €117 | €117 |
| 2023 | 1 | €351 | €351 |
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €5,785 | €0 | €41,984 | €0 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €76,071 | €69,685 | €112,577 | €107,757 | €109,271 | ▲ 1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,356 | €7,584 | €7,924 | €13,348 | €16,969 | €37,010 | €67,525 | €70,938 | ▲ 5.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | -€1,062 | €0 | -€3,872 | €0 | - |
| Other operating charges640/8 | - | - | - | €4,107 | €3,326 | €2,126 | €5,847 | €7,568 | ▲ 29.4% |
| Non-recurring operating charges66A | - | - | - | €4,547 | €31,866 | €0 | €5,261 | €905 | ▼ 82.8% |
| Gross operating margin9900 | €161,373 | €121,521 | €135,847 | €134,673 | €158,591 | €354,057 | €236,898 | €235,511 | ▼ 0.6% |
| Operating profit (loss)9901 | €28,290 | €7,341 | €32,204 | €36,601 | €37,806 | €202,343 | €54,381 | €46,829 | ▼ 13.9% |
| Financial income75/76B | - | - | - | €14,729 | €11,452 | €4,411 | €3,621 | €975 | ▼ 73.1% |
| Recurring financial income75 | €8,857 | €6,787 | €13,956 | €14,729 | €11,452 | €4,411 | €3,621 | €975 | ▼ 73.1% |
| Non-recurring financial income76B | - | - | - | €0 | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €9,171 | €8,655 | €15,838 | €15,708 | €27,176 | ▲ 73.0% |
| Recurring financial charges65 | €10,204 | €10,953 | €10,788 | €9,171 | €8,655 | €15,838 | €15,708 | €27,176 | ▲ 73.0% |
| Profit (loss) for the period before taxes9903 | €27,006 | €3,176 | €45,033 | €42,158 | €40,603 | €190,916 | €42,294 | €20,628 | ▼ 51.2% |
| Income taxes67/77 | €10,319 | €3,871 | €9,943 | €10,977 | €11,716 | €52,048 | €12,822 | €7,826 | ▼ 39.0% |
| Profit (loss) for the period9904 | €16,688 | -€696 | €35,090 | €31,181 | €28,887 | €138,868 | €29,473 | €12,802 | ▼ 56.6% |
| Profit (loss) for the period to be appropriated9905 | €16,688 | -€696 | €35,090 | €31,181 | €28,887 | €138,868 | €29,473 | €12,802 | ▼ 56.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €379,076 | €409,489 | €451,916 | €487,723 | €800,454 | €677,111 | €773,649 | €744,897 | ▼ 3.7% |
| Fixed assets21/28 | €49,686 | €46,069 | €41,742 | €77,599 | €226,688 | €341,345 | €367,233 | €295,039 | ▼ 19.7% |
| Intangible fixed assets21 | - | - | - | - | €177,934 | €285,865 | €242,665 | €199,465 | ▼ 17.8% |
| Tangible fixed assets22/27 | €49,686 | €46,069 | €41,742 | €77,599 | €48,753 | €52,630 | €124,568 | €95,574 | ▼ 23.3% |
| Land and buildings22 | - | - | - | €31,866 | €0 | - | - | €84,093 | - |
| Plant, machinery and equipment23 | - | - | - | €0 | €14,850 | €26,226 | €101,722 | €4,095 | ▼ 96.0% |
| Furniture and vehicles24 | - | - | - | €8,441 | €5,537 | €6,963 | €12,331 | €5,796 | ▼ 53.0% |
| Leasing and similar rights25 | - | - | - | €37,292 | €28,366 | €19,441 | €10,515 | €1,589 | ▼ 84.9% |
| Financial fixed assets28 | - | - | - | - | - | €2,850 | €0 | - | - |
| Current assets29/58 | €329,390 | €363,420 | €410,173 | €410,124 | €573,766 | €335,765 | €406,416 | €449,858 | ▲ 10.7% |
| Stocks and contracts in progress3 | €28,443 | €30,024 | €22,629 | €39,757 | €10,169 | €33,961 | €44,235 | €86,665 | ▲ 95.9% |
| Stocks30/36 | - | - | - | €39,757 | €10,169 | €33,961 | €44,235 | €86,665 | ▲ 95.9% |
| Amounts receivable within one year40/41 | €146,067 | €174,136 | €192,095 | €269,527 | €470,371 | €249,992 | €345,587 | €358,768 | ▲ 3.8% |
| Trade receivables40 | - | - | - | €262,972 | €458,406 | €219,434 | €340,738 | €356,938 | ▲ 4.8% |
| Other amounts receivable41 | - | - | - | €6,554 | €11,965 | €30,557 | €4,850 | €1,830 | ▼ 62.3% |
| Cash at bank and in hand54/58 | €150,026 | €156,058 | €192,604 | €96,901 | €91,088 | €9,257 | €14,532 | €2,067 | ▼ 85.8% |
| Deferred charges and accrued income490/1 | - | - | - | €3,939 | €2,138 | €42,555 | €2,062 | €2,359 | ▲ 14.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €379,076 | €409,489 | €451,916 | €487,723 | €800,454 | €677,111 | €773,649 | €744,897 | ▼ 3.7% |
| Equity10/15 | €142,172 | €141,476 | €176,566 | €207,747 | €116,634 | €239,502 | €268,975 | €241,777 | ▼ 10.1% |
| Contributions10/11 | €74,368 | €74,368 | €74,368 | €74,368 | €74,368 | €74,368 | €74,368 | €74,368 | = |
| Capital10 | - | - | - | €74,368 | €74,368 | €74,368 | €74,368 | €74,368 | = |
| Issued capital100 | - | - | - | €74,368 | €74,368 | €74,368 | €74,368 | €74,368 | = |
| Reserves13 | €7,437 | €7,437 | €7,437 | €7,437 | €42,266 | €165,134 | €194,607 | €167,409 | ▼ 14.0% |
| Non-distributable reserves130/1 | - | - | - | €7,437 | €7,437 | €7,437 | €7,437 | €7,437 | = |
| Legal reserve130 | - | - | - | €7,437 | €7,437 | €7,437 | €7,437 | €7,437 | = |
| Distributable reserves133 | - | - | - | - | €34,829 | €157,697 | €187,170 | €159,972 | ▼ 14.5% |
| Profit (loss) carried forward14 | €60,367 | €59,671 | €94,761 | €125,942 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €236,904 | €268,013 | €275,350 | €279,976 | €683,820 | €437,608 | €504,674 | €503,120 | ▼ 0.3% |
| Amounts payable after more than one year17 | €175,000 | €175,000 | €175,000 | €203,758 | €19,942 | €145,179 | €101,122 | €85,898 | ▼ 15.1% |
| Financial debts170/4 | - | - | - | €203,758 | €19,942 | €11,012 | €1,955 | €85,898 | ▲ 44× |
| Trade debts175 | - | - | - | - | - | €134,167 | €99,167 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €57,142 | €83,086 | €98,910 | €71,796 | €663,877 | €292,430 | €403,552 | €414,347 | ▲ 2.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €8,703 | €8,816 | €43,931 | €44,057 | €51,545 | ▲ 17.0% |
| Financial debts43 | - | - | - | - | €175,000 | €0 | €14,583 | €10,714 | ▼ 26.5% |
| Credit institutions430/8 | - | - | - | - | €175,000 | €0 | €14,583 | €0 | ▼ 100% |
| Other loans439 | - | - | - | - | - | - | - | €10,714 | - |
| Trade debts44 | €17,507 | €39,844 | €85,051 | €40,256 | €178,604 | €162,733 | €232,235 | €175,589 | ▼ 24.4% |
| Suppliers440/4 | - | - | - | €40,256 | €178,604 | €162,733 | €232,235 | €175,589 | ▼ 24.4% |
| Taxes, remuneration and social security45 | - | - | - | €22,837 | €20,467 | €85,766 | €87,677 | €51,747 | ▼ 41.0% |
| Taxes450/3 | - | - | - | €11,500 | €12,693 | €66,936 | €70,194 | €32,677 | ▼ 53.4% |
| Remuneration and social security454/9 | - | - | - | €11,338 | €7,774 | €18,830 | €17,483 | €19,070 | ▲ 9.1% |
| Other amounts payable47/48 | - | - | - | - | €280,991 | €0 | €25,000 | €124,751 | ▲ 399% |
| Accrued charges and deferred income492/3 | - | - | - | €4,422 | €0 | - | - | €2,876 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,688 | -€696 | €35,090 | €31,181 | €28,887 | €138,868 | €29,473 | €12,802 | ▼ 56.6% |
| + Depreciation and write-downs630 | €7,356 | €7,584 | €7,924 | €13,348 | €16,969 | €37,010 | €67,525 | €70,938 | ▲ 5.1% |
| Operating cash flow (approximation) | €24,044 | €6,888 | €43,014 | €44,529 | €45,856 | €175,878 | €96,997 | €83,740 | ▼ 13.7% |
| Investment in fixed assets (approximation) | - | -€3,968 | -€3,597 | -€49,205 | -€166,058 | -€151,668 | -€93,412 | €1,255 | - |
| Change in cash | - | €6,032 | €36,546 | -€95,703 | -€5,813 | -€81,831 | €5,274 | -€12,465 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 17,041 companies had the same profile as COMINOTTO has now. Two years later, 94.3% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
94.3%
was still going
4.9%
stopped otherwise
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of COMINOTTO itself: 0.2% within 12 months.
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.
| 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 17,041 companies, not a prediction for COMINOTTO. 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.
Latest 10 of 34 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 08-05-2026 | 2026-00106260 | |
| 31-12-2024 | abbreviated format | 24-02-2025 | 2025-00038195 | |
| 31-12-2023 | abbreviated format | 15-07-2024 | 2024-00247271 | |
| 31-12-2022 | abbreviated format | 31-07-2023 | 2023-00292995 | |
| 31-12-2021 | micro format | 30-06-2022 | 2022-20136232 | |
| 31-12-2020 | abbreviated format | 26-08-2021 | 2021-55000260 | |
| 31-12-2019 | abbreviated format | 17-07-2020 | 2020-32600291 | |
| 31-12-2018 | micro format | 16-07-2019 | 2019-34000350 | |
| 31-12-2017 | abbreviated format | 31-08-2018 | 2018-61500060 | |
| 31-12-2016 | abbreviated format | 29-08-2017 | 2017-51600156 |
Board & ownership
Directors
Directors
1 director, 1 in day-to-day management, last change in 2022
Board 1
Terra Mia
Current
Director · since 21-09-2022 · term until the 2028 general meeting · Private limited company · permanent representative: Erik Heemeryck · listed in the 2025 annual accounts, filed on 08-05-2026
Day-to-day management 1
Terra Mia
Current
Managing director · appointed in the act of 26-10-2022 · Private limited company · permanent representative: Erik Heemeryck
Permanent representatives 1
Erik Heemeryck
Current
Permanent representative · appointed in the act of 26-10-2022 · for Terra Mia
Signing authorityThe articles say who may bind the company, for example by signing a contract.
The sole director
deed of 29-11-2022Owners and capital
Shareholders
1 ownerCapital transactions
Capital over time
- 29-11-2022 Capital stated in the deed · €74,368.06 · 3,000 shares
Mandate history
5 people, 1 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Terra Mia |
|
| Elvire STEEMANS |
|
| Axel Despriet |
|
| Cathérine Despriet |
|
| Philippe Despriet |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “3, natuurlijke of rechtspersonen”
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Alle verrichtingen vermeld in wet, tenzij algemene vergadering anders besluit bij gewone meerderheid”
Articles of association, deed of 29-11-2022 (in Dutch)
Network & group
Connections & network
1 current directorThe board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
08-05
abbreviated format · 84 days before the deadline
2025
24-02
abbreviated format · 157 days before the deadline
2024
15-07
abbreviated format · 16 days before the deadline
2023
31-12
Financial
Highest result from 2018 to 2025net €138,868 ▲381%
The operating result of €202,343 and the net result of €138,868 are both a record.
31-12
Financial
Equity above €200,000equity €239,502 ▲105%
After 4 profitable years in a row, equity reaches €239,502.
31-07
abbreviated format · on the deadline day
2022
29-11
Gazette deed
Resignation: Elvire STEEMANS (director)Registered office clause · Power of attorney · Amendment of the articles8 points ▸
Gazette deed
Resignation: Elvire STEEMANS (director)
Registered office clause · Power of attorney · Amendment of the articles8 points ▸
- General meeting, “overeenkomstig vorige besluit, opdracht aan ondergetekende notaris om coördinatie op te maken,te ondertekenen en neerlegging in vennootschapsdossier te verzorge…” (deed in Dutch)
- Director resignation, Elvire STEEMANS (director)
- Registered office clause, “8500 Kortrijk,Priester Schrursstraat 10” (deed in Dutch)
- Power of attorney
- Other provision, “vervroegde onderwerping WVV zonder vormwijziging, artikel 39,§1,tweede lid wet 2019-03-23” (deed in Dutch)
- Other provision, “voorwerpwijziging verslag bestuurder, art.7:154 WVV” (deed in Dutch)
- Amendment of the articles
- Capital, €74,368.06
26-10
Gazette deed
Registered office moved from Turnhout to KortrijkNew seat: Priester Schrursstraat 10, 8500 Kortrijk · Previous seat: Oude Dijk 23, 2300 Turnhout · Appointments: BV Terra Mia (director) and Elvire Steemans (director)13 points ▸
Gazette deed
Registered office moved from Turnhout to Kortrijk
New seat: Priester Schrursstraat 10, 8500 Kortrijk · Previous seat: Oude Dijk 23, 2300 Turnhout · Appointments: BV Terra Mia (director) and Elvire Steemans (director)13 points ▸
- General meeting, 21-09-2022
- Director appointment, BV Terra Mia (director)
- Permanent representative, Erik Heemeryck
- Director appointment, Elvire Steemans (director)
- Director resignation, Philippe Despriet (director)
- Director resignation, Cathérine Despriet (director)
- Director resignation, Axel Despriet (director)
- Other provision, “kwijting bestuurders, beslist op eerstvolgende jaarvergadering” (deed in Dutch)
- Board meeting, 21-09-2022
- Director resignation, Cathérine Despriet (managing director)
- Director appointment, BV Terra Mia (managing director)
- Registered-office move, Priester Schrursstraat 10, 8500 Kortrijk
- The act holds 1 more point.
30-06
micro format · 31 days before the deadline
2021
31-12
Financial
Equity above €200,000equity €207,747 ▲17.7%
After 2 profitable years in a row, equity reaches €207,747.
26-08
abbreviated format · 26 days late
2020
31-12
Financial
Back to profitnet €35,090
The net result is €35,090, after one loss-making year.
Show earlier events
31-12
Financial
Equity above €150,000equity €176,566 ▲24.8%
Equity rises from €141,476 to €176,566.
17-07
abbreviated format · 14 days before the deadline
2019
31-12
Financial
Weakest financial yearnet -€696
The net result drops to -€696, the lowest from 2018 to 2025. It recovers the following year.
16-07
micro format · 15 days before the deadline
2018
31-08
abbreviated format · 31 days late
2017
29-08
abbreviated format · 29 days late
1991
03-07
Gazette deed
Incorporation
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
Register details
Identity
KBO recordName
COMINOTTO in Dutch
Enterprise number
0444.350.862
Legal form
Public limited company
Status
Active, normale toestand
Founded
10-06-1991
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 29-11-2022 (in Dutch)Registered office and establishments
Registered office
Priester Schrursstraat(Kor) 10, 8500 Kortrijk, Belgium
1 former office
- Oude Dijk 23, 2300 Turnhout until 21-09-2022 · act of 26-10-2022
Establishment units
COMINOTTO NV, Doenaertstraat(Kor) 19, 8500 Kortrijk since 27-06-1991 · unit number 2.053.272.64023610 Manufacture of other non-metallic mineral products
Doenaertstraat(Kor) ZN, 8500 Kortrijk since 01-12-2022 · unit number 2.342.764.8834683101 Wholesale of construction materials, general range
Phone
014/41 23 01
Fax
014/42 90 31
Activities
NACEBEL 2025VAT activities
23700
Cutting, shaping and finishing of stone main activity
Social security (RSZ) activities
23610
Manufacture of other non-metallic mineral products main activity
Codes under NACEBEL 2008
VAT activities
23700
Cutting, shaping and finishing of stone main activity
Social security (RSZ) activities
23610
Manufacture of other non-metallic mineral products main activity
Codes under NACEBEL 2003
VAT activities
26700
main activity
Social security (RSZ) activities
26610
main activity
Joint committees
200 Aanvullend Paritair Comité voor de bedienden
106.02 Paritair Subcomité voor de betonindustrie annual accounts 2025
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 29-11-2022 (in Dutch)
“Het vervaardigen,samenstellen of construeren en plaatsen van trappen en trapbekledingen,vloeren en tabletten met alle aanhorigheden en…”
9 activities
- Het vervaardigen,samenstellen of construeren en plaatsen van trappen en trapbekledingen,vloeren en tabletten met alle aanhorigheden en plaatsen,in alle materialen en dit voor eigen rekening,als voor derden.Zij zal eveneens alle nevenactiviteiten kunnen uitoefenen die de verwezenlijking van haar voorwerp kunnen bevorderen,tussenhandel,groot-en kleinhandel van alle verwerkte materialen en zo verder.
- Het uitvoeren van alle werkzaamheden in de bouwsector en meer specifiek het uitvoeren van alle vloerwerken,tegelzetten,aanleggen chape,isolatiewerkzaamheden,aanleg spoorwegen,wegen,waterbouw,bouwen van funderingen,heien,boren,aanleg waterputten,voegwerken,etc
- Het kopen,verkopen,huren en verhuren,het beheer,de in-en uitvoer van producten,grondstoffen en materialen,machines,apparaten en andere benodigdheden in de breedste zin van het woord
- Stukadoorswerkzaamheden;timmer-en schrijnwerken
- Groot-en kleinhandel in vloer–en wandtegels
- Groot-en kleinhandel in tapijten en andere vloerbedekking en wandbekleding
- Tussenpersoon in de handel
- Het verlenen van adviezen van juridische,financiële,technische,administratieve en organisatorische aard,alsook op het vlak van informatica en andere specialisaties,zowel schriftelijk als mondeling
- De vennootschap mag haar voorwerp verwezenlijken zowel in België als in het buitenland,op alle wijzen en manieren,die zij het best geschikt zou achten
Invoicing and payment
VAT number
BE 0444.350.862
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Tuesday of May at 14:00
deed of 29-11-2022 (in Dutch)Sites & property
Location
Buildings and parcels at the addresses
Ground area
6,241 m²
Building footprint
2,282 m²
Building volume
17,370 m³
Tallest building: 9.1 m.
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 34022E0686/00B002 | Flanders | 4,800 m² | 1 · 1,937 m² | 9.1 m · 3 |
| 34022E0225/00F000 | Flanders | 1,441 m² | 1 · 345 m² | 7.5 m · 2 |