Result
From profit to loss in 2026, after a profit of €81,463 in 2025.
From profit to loss in 2026, after a profit of €81,463 in 2025.
In 2026, 71 people joined and 72 left.
Lower net result than 95% of companies in employment activities. Sector median €25,391 · 50 companies.
The dashed line is the sector median: 0.3% across 1,379 companies (NACE 78, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 78, micro). It does better than 54% of them on solvency, 17% on liquidity, 19% on profitability and 30% on growth.
The bankruptcy probability was computed on 09-11-2026 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 31-03-2026.
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).
In July 2024, 12,322 companies had the same profile as COMITE MB has now. Each dot stands for 31 companies, two years later.
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of COMITE MB itself: 0.3% within 12 months.
The method was tested on the 497,447 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 12,322 companies, not a prediction for COMITE MB. 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.
Liquidity is ample, with a current ratio of 1.99 (2.04 in 2025), above the usual 1.5. Short-term debt is 45.5% and cash 0.4% of total assets. However, 50.7% of the assets are financed with debt and provisions.
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.
The company filed its last 7 accounts on average 53 days before the deadline. In the sector (NACE 78), the median for financial year 2024 was 14 days before the deadline, and 30% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| COMITE MB Waregem | €0.9m | €105,354 | 49.3% | 2.2 |
| MARTENS & BRIJS Machelen (Brab.) | €1.0m | €185,916 | 80.3% | 1.8 |
| First in Line Ghent | €0.6m | €162,279 | 21.7% | 2.3 |
| SEARCH en SELECTION ANTWERPEN Antwerp | €1.0m | €303,483 | 32.6% | 2.5 |
| BORDERLESS EXECUTIVE SEARCH Evere | €1.0m | €172,475 | 27.8% | 0.5 |
| SEARCH AND SELECTION BRUSSEL Zaventem | €2.0m | €125,306 | 11.5% | 2.1 |
| ACTIVA Kortrijk | €0.7m | €109,923 | 49.9% | 0 |
These companies have the same main activity as COMITE MB: employment placement agencies (NACE 78100). They are comparable in size and age: total assets between €566,000 and €2m, founded between 1990 and 2003.
COMITE MB files the abbreviated format. That format states no turnover. The gross margin fell from €134,721 in 2007 to €105,354 in 2026.
BELLESTELLE holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €270,000. Estimated: probably between €160,000 and €500,000.
Higher than 73% of 377 companies in 2025.
Higher than 73% of 367 companies in 2025.
Higher than 60% of 371 companies in 2025.
Staff costs divided by the average number of full-time equivalents.
In 2026, 71 people joined and 72 left.
| Line | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
899,956 | 982,883 | 981,878 | 864,411 | 892,033 | 816,845 | 752,069 | 867,350 | 880,209 | 919,584 | 904,331 | 955,643 | 952,204 | 1.0m | 1.1m | 1.2m | 1.3m | 1.3m | 1.2m | 902,479 | |
21/28 |
84,600 | 115,894 | 86,718 | 38,127 | 65,920 | 85,811 | 112,143 | 328,240 | 340,903 | 364,567 | 367,474 | 405,904 | 437,932 | 461,937 | 504,462 | 556,392 | 604,657 | 655,051 | 670,410 | 462,662 | |
22/27 |
84,406 | 111,300 | 86,523 | 37,933 | 65,725 | 85,616 | 111,948 | 328,046 | 340,708 | 364,373 | 367,280 | 405,709 | 437,738 | 461,742 | 504,267 | 556,198 | 604,462 | 654,857 | 670,278 | 462,530 | |
22 |
10,305 | 10,889 | 11,474 | 16,931 | 26,126 | 35,322 | 38,237 | 254,497 | 289,153 | 320,380 | 356,424 | 395,283 | 422,819 | 453,662 | 487,025 | 522,634 | 561,301 | 597,478 | 624,993 | 443,115 | |
23 |
2,616 | 4,966 | 8,392 | 11,261 | 14,306 | 6,201 | 7,751 | 9,688 | 12,251 | 5,540 | 607 | 367 | 825 | 1,498 | 1,456 | 1,810 | 3,697 | 4,064 | 6,188 | - | |
24 |
36,289 | 51,450 | 66,657 | 9,741 | 16,293 | 30,594 | 47,961 | 63,861 | 39,305 | 38,453 | 10,250 | 10,059 | 14,093 | 6,583 | 15,787 | 31,689 | 39,337 | 53,123 | 38,841 | 17,979 | |
25 |
35,196 | 43,995 | - | - | 9,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
26 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 64 | 128 | 192 | 256 | 1,436 | |
28 |
194 | 4,594 | 194 | 194 | 194 | 194 | 194 | 194 | 194 | 194 | 194 | 194 | 194 | 194 | 194 | 194 | 194 | 194 | 132 | 132 | |
29/58 |
815,356 | 866,989 | 895,161 | 826,284 | 826,113 | 731,034 | 639,927 | 539,110 | 539,306 | 555,017 | 536,856 | 549,740 | 514,272 | 576,577 | 548,217 | 621,899 | 675,227 | 636,672 | 498,841 | 439,817 | |
29 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 6,000 | - | - | - | - | - | |
291 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 6,000 | - | - | - | - | - | |
3 |
- | - | - | - | - | - | - | - | 487 | 257 | 3,419 | - | - | - | - | - | - | - | - | - | |
30/36 |
- | - | - | - | - | - | - | - | 487 | 257 | 3,419 | - | - | - | - | - | - | - | - | - | |
40/41 |
434,560 | 401,352 | 439,858 | 441,031 | 423,929 | 431,925 | 387,541 | 424,418 | 468,382 | 502,358 | 468,598 | 438,635 | 473,175 | 430,727 | 421,624 | 447,628 | 605,248 | 611,413 | 281,032 | 411,621 | |
40 |
110,686 | 94,629 | 133,600 | 119,749 | 105,294 | 148,730 | 96,500 | 125,417 | 132,950 | 157,887 | 133,267 | 100,814 | 139,496 | 90,744 | 48,578 | 77,633 | 250,101 | 284,914 | 76,913 | 232,461 | |
41 |
323,874 | 306,724 | 306,258 | 321,282 | 318,635 | 283,196 | 291,041 | 299,001 | 335,432 | 344,471 | 335,330 | 337,822 | 333,679 | 339,983 | 373,046 | 369,996 | 355,148 | 326,499 | 204,118 | 179,160 | |
50/53 |
377,169 | 457,718 | - | - | - | - | - | - | - | - | - | 10,392 | 10,392 | 10,392 | 10,392 | 20,784 | 20,784 | 20,784 | 20,784 | 20,784 | |
54/58 |
3,627 | 7,918 | 454,663 | 384,644 | 401,611 | 299,109 | 251,964 | 114,281 | 70,032 | 52,005 | 64,446 | 100,712 | 30,315 | 135,072 | 109,825 | 153,487 | 49,195 | 4,476 | 196,093 | 7,412 | |
490/1 |
- | - | 639 | 609 | 572 | - | 421 | 411 | 406 | 397 | 394 | - | 390 | 386 | 377 | - | - | - | 933 | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
899,956 | 982,883 | 981,878 | 864,411 | 892,033 | 816,845 | 752,069 | 867,350 | 880,209 | 919,584 | 904,331 | 955,643 | 952,204 | 1.0m | 1.1m | 1.2m | 1.3m | 1.3m | 1.2m | 902,479 | |
10/15 |
443,888 | 503,040 | 421,578 | 326,435 | 299,539 | 231,909 | 188,408 | 245,421 | 272,905 | 274,906 | 276,872 | 245,024 | 244,455 | 183,281 | 179,797 | 285,017 | 279,213 | 198,444 | 174,122 | 189,483 | |
10/11 |
6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | |
100 |
- | - | - | - | - | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | |
101 |
- | - | - | - | - | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | |
13 |
1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | |
130/1 |
- | - | - | 1,859 | 1,859 | 1,859 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | |
1311 |
- | - | - | 1,859 | 1,859 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
1,859 | 1,859 | 1,859 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
435,832 | 494,984 | 413,521 | 318,378 | 291,482 | 223,853 | 180,352 | 210,074 | 235,722 | 235,864 | 235,853 | 201,900 | 199,093 | 135,538 | 129,520 | 232,045 | 223,375 | 190,387 | 166,065 | 181,427 | |
15 |
- | - | - | - | - | - | - | 27,290 | 29,126 | 30,985 | 32,963 | 35,067 | 37,306 | 39,687 | 42,220 | 44,915 | 47,782 | - | - | - | |
16 |
- | - | 2,500 | - | 4,760 | 1,500 | 9,750 | 6,300 | 31,081 | 31,081 | 31,081 | 31,081 | 31,081 | 31,081 | 31,081 | 31,081 | 31,081 | 50,964 | 31,081 | 29,326 | |
160/5 |
- | - | 2,500 | - | 4,760 | 1,500 | 9,750 | 6,300 | 31,081 | 31,081 | 31,081 | 31,081 | 31,081 | 31,081 | 31,081 | 31,081 | 31,081 | 50,964 | 31,081 | 29,326 | |
164/5 |
- | - | 2,500 | - | 4,760 | 1,500 | 9,750 | 6,300 | 31,081 | 31,081 | - | - | - | - | - | - | - | - | - | - | |
17/49 |
456,068 | 479,842 | 557,801 | 537,976 | 587,734 | 583,436 | 553,911 | 615,630 | 576,223 | 613,598 | 596,377 | 679,539 | 676,668 | 824,152 | 841,802 | 862,194 | 969,590 | 1.0m | 964,048 | 683,670 | |
17 |
27,309 | 35,473 | - | - | 646 | 21,467 | 46,110 | 80,090 | 66,427 | 92,200 | 80,555 | 97,222 | 113,889 | 127,778 | 144,444 | 161,111 | 179,481 | 208,873 | 219,175 | 227,778 | |
170/4 |
27,309 | 35,473 | - | - | 646 | 21,467 | 46,110 | 80,090 | 66,427 | 92,200 | 80,555 | 97,222 | 113,889 | 127,778 | 144,444 | 161,111 | 179,481 | 208,873 | 219,175 | 227,778 | |
42/48 |
409,899 | 425,610 | 544,018 | 528,654 | 578,195 | 552,692 | 493,916 | 523,037 | 497,148 | 512,877 | 509,069 | 574,761 | 554,012 | 696,374 | 678,848 | 674,816 | 769,114 | 790,824 | 703,405 | 455,892 | |
42 |
8,164 | 7,878 | - | 646 | 20,114 | 23,945 | 32,924 | 40,447 | 26,018 | 25,938 | 16,667 | 16,667 | 16,667 | 19,444 | 19,444 | 21,147 | 32,170 | 31,969 | 22,713 | 19,444 | |
43 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 36,082 | |
430/8 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 36,082 | |
44 |
168,963 | 181,531 | 275,792 | 258,984 | 303,531 | 281,621 | 166,195 | 190,005 | 177,490 | 182,403 | 131,562 | 133,210 | 102,399 | 137,135 | 150,702 | 161,199 | 112,397 | 143,759 | 81,590 | 63,881 | |
440/4 |
168,963 | 181,531 | 275,792 | 258,984 | 303,531 | 281,621 | 166,195 | 190,005 | 177,490 | 182,403 | 131,562 | 133,210 | 102,399 | 137,135 | 150,702 | 161,199 | 112,397 | 143,759 | 81,590 | 63,881 | |
46 |
- | 1,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 150,000 | 150,000 | 150,000 | 150,000 | |
45 |
11,776 | 10,907 | 24,515 | 28,930 | 23,670 | 33,157 | 25,435 | 29,164 | 46,094 | 39,712 | 56,189 | 45,463 | 36,915 | 39,853 | 37,513 | 38,206 | 53,252 | 46,602 | 55,220 | 9,685 | |
450/3 |
- | - | - | 6,479 | 7,790 | 15,514 | 750 | 2,592 | 10,000 | 8,150 | 23,325 | 3,900 | - | 704 | 959 | 12,700 | 22,542 | 19,957 | 47,159 | 6,000 | |
454/9 |
11,776 | 10,907 | 24,515 | 22,452 | 15,881 | 17,643 | 24,685 | 26,572 | 36,094 | 31,562 | 32,864 | 41,563 | 36,915 | 39,149 | 36,554 | 25,506 | 30,710 | 26,645 | 8,060 | 3,685 | |
47/48 |
220,996 | 224,294 | 243,712 | 240,093 | 230,879 | 213,970 | 269,362 | 263,420 | 247,545 | 264,824 | 304,651 | 379,422 | 398,032 | 499,942 | 471,189 | 454,264 | 421,295 | 418,493 | 393,883 | 176,800 | |
492/3 |
18,859 | 18,758 | 13,782 | 9,322 | 8,893 | 9,277 | 13,884 | 12,503 | 12,649 | 8,521 | 6,753 | 7,556 | 8,768 | - | 18,509 | 26,267 | 20,995 | 42,619 | 41,468 | - | |
| Income statement | |||||||||||||||||||||
76A |
- | - | 18,982 | 19,622 | 726 | 2,364 | 2,318 | 4,949 | 1,399 | 4,983 | 1,444 | 3,381 | 2,673 | 30,352 | 2,731 | 9,994 | 5,674 | 1,133 | - | 726 | |
9900 |
105,354 | 288,789 | 336,119 | 268,093 | 213,395 | 166,822 | 295,237 | 222,968 | 283,334 | 214,833 | 327,282 | 251,224 | 340,405 | 278,399 | 218,259 | 302,746 | 367,554 | 293,375 | 287,144 | 134,721 | |
62 |
130,738 | 131,424 | 147,068 | 177,358 | 86,189 | 60,541 | 156,407 | 162,531 | 189,143 | 180,219 | 194,351 | 203,685 | 208,355 | 206,370 | 217,040 | 190,266 | 199,774 | 132,579 | 96,066 | 41,684 | |
630 |
26,894 | 19,219 | 19,285 | 23,445 | 31,550 | 33,503 | 33,644 | 56,160 | 53,663 | 50,189 | 44,722 | 32,739 | 39,450 | 45,752 | 49,628 | 57,846 | 60,858 | 67,585 | 114,291 | 36,581 | |
631/4 |
- | -19,034 | 14,960 | -9,031 | -14,009 | 7,889 | 35,384 | 811 | 5,704 | -38,053 | 20,580 | -3,050 | 11,660 | 42,834 | 27,584 | -1,117 | -3,714 | 5,366 | 8,905 | -1,021 | |
635/8 |
- | - | 2,500 | -2,760 | 3,260 | -3,300 | - | -31,081 | - | - | - | - | - | - | - | - | - | - | 1,755 | 29,326 | |
640/8 |
3,529 | 10,718 | 5,395 | 6,435 | 5,231 | 6,034 | 6,811 | 10,449 | 6,572 | 7,340 | 6,366 | 6,234 | 6,444 | 5,818 | 5,829 | 10,703 | 9,929 | 8,884 | 3,625 | 5,515 | |
66A |
- | - | - | 8,100 | 5 | - | 104,101 | 248 | - | 8 | - | - | 22 | - | - | 49 | 338 | - | 25,170 | 1,949 | |
9901 |
-55,808 | 146,463 | 146,911 | 64,546 | 101,168 | 62,154 | -41,111 | 23,848 | 28,251 | 15,138 | 61,264 | 11,618 | 74,496 | -22,375 | -81,822 | 45,049 | 100,707 | 78,961 | 62,501 | 22,636 | |
75/76B |
3,965 | 5,848 | 1,417 | 1 | 14 | 618 | 27,333 | 1,838 | 3,824 | 7,533 | 7,429 | 7,585 | 3,528 | 6,264 | 5,181 | 7,377 | 14,933 | 753 | 185 | 812 | |
75 |
3,965 | 5,848 | 1,417 | 1 | 14 | 618 | 27,333 | 1,838 | 2,425 | 2,550 | 7,429 | 7,585 | 3,528 | 6,264 | 5,181 | 7,377 | 14,933 | 753 | 185 | 812 | |
76B |
- | - | - | - | - | - | - | - | 1,399 | 4,983 | - | - | - | - | - | - | - | - | - | - | |
65/66B |
18,395 | 20,263 | 15,043 | 13,539 | 10,807 | 11,022 | 15,195 | 45,664 | 17,219 | 13,553 | 12,850 | 15,641 | 16,827 | 8,306 | 28,320 | 37,302 | 34,762 | 54,483 | 54,321 | 3,288 | |
65 |
18,395 | 20,263 | 15,043 | 13,539 | 10,807 | 11,022 | 15,195 | 45,664 | 17,219 | 13,545 | 12,850 | 15,641 | 16,827 | 8,306 | 28,320 | 37,302 | 34,762 | 54,483 | 54,321 | 3,288 | |
66B |
- | - | - | - | - | - | - | - | - | 8 | - | - | - | - | - | - | - | - | - | - | |
9903 |
-70,237 | 132,048 | 133,284 | 51,008 | 90,375 | 51,751 | -28,973 | -19,978 | 14,856 | 9,118 | 57,287 | 6,942 | 63,848 | 5,935 | -102,231 | 25,068 | 86,214 | 26,363 | -16,805 | 18,937 | |
67/77 |
-11,085 | 50,585 | 38,142 | 24,112 | 22,745 | 8,250 | 749 | 670 | 9,998 | 9,107 | 23,334 | 4,135 | 293 | -83 | 294 | 16,398 | 53,226 | 2,042 | -1,443 | 295 | |
9904 |
-59,152 | 81,463 | 95,143 | 26,896 | 67,630 | 43,501 | -29,722 | -20,648 | 4,858 | 11 | 33,953 | 2,807 | 63,555 | 6,017 | -102,525 | 8,670 | 32,988 | 24,322 | -15,362 | 18,642 | |
9905 |
-59,152 | 81,463 | 95,143 | 26,896 | 67,630 | 43,501 | -29,722 | -20,648 | 4,858 | 11 | 33,953 | 2,807 | 63,555 | 6,017 | -102,525 | 8,670 | 32,988 | 24,322 | -15,362 | 18,642 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
435,832 | 494,984 | 413,521 | 318,378 | 291,482 | 223,853 | 180,352 | 215,074 | 240,722 | 235,864 | 235,853 | 201,900 | 199,093 | 135,538 | 129,520 | 232,045 | 223,375 | 190,387 | 166,065 | 181,427 | |
14P |
494,984 | 413,521 | 318,378 | 291,482 | 223,853 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
694/7 |
- | - | - | - | - | - | - | 5,000 | 5,000 | - | - | - | - | - | - | - | - | - | - | - | |
695 |
- | - | - | - | - | - | - | 5,000 | 5,000 | - | - | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | |||||||||||||||||||||
9087 |
2.2 | 2.3 | 2.3 | 3.5 | 2.7 | 2.4 | 2.7 | 2.8 | 3.8 | 3.4 | 3.9 | 3.5 | 3.5 | 3.5 | 3.5 | 3.5 | 3.4 | 2.8 | 2.5 | 1.3 | |
Hours worked1013 |
3,104 | 3,956 | 3,937 | 5,510 | 2,693 | 1,948 | 4,933 | 5,114 | 6,787 | 6,374 | 6,471 | 5,997 | 6,305 | 6,333 | 7,217 | 6,342 | 6,114 | 5,281 | 4,417 | 2,259 | |
| Document | |||||||||||||||||||||
The accounts for 12 older financial years (1993-2006) were filed as documents without figures as data, scans for example.
The notes to these accounts have 10 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2026 at the NBB, filed on 03-11-2026.
2026 annual accounts filed 3 days after the deadline. Filed on 3 November 2026, deadline 31 October 2026 (7 months after the close on 31 March 2026, Companies Code art. 3:10). Source: NBB, 2026-00600949.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | abbreviated format | 03-11-2026 | 2026-00600949 | |
| 31-03-2025 | abbreviated format | 22-09-2025 | 2025-00501417 | |
| 31-03-2024 | abbreviated format | 13-06-2024 | 2024-00127790 | |
| 31-03-2023 | abbreviated format | 28-08-2023 | 2023-00361319 | |
| 31-03-2022 | abbreviated format | 28-08-2022 | 2022-20340248 | |
| 31-03-2021 | abbreviated format | 29-09-2021 | 2021-69100056 | |
| 31-03-2020 | abbreviated format | 28-09-2020 | 2020-56400475 | |
| 31-03-2019 | abbreviated format | 13-09-2019 | 2019-64400054 | |
| 31-03-2018 | abbreviated format | 05-09-2018 | 2018-62300187 | |
| 31-03-2017 | abbreviated format | 14-09-2017 | 2017-60900576 | |
| 31-03-2016 | abbreviated format | 01-10-2016 | 2016-64000267 | |
| 31-03-2015 | abbreviated format | 20-10-2015 | 2015-65200351 | |
| 31-03-2014 | abbreviated format | 30-09-2014 | 2014-62000562 | |
| 31-03-2013 | abbreviated format | 14-09-2013 | 2013-58500345 | |
| 31-03-2012 | abbreviated format | 26-10-2012 | 2012-62000321 | |
| 31-03-2011 | abbreviated format | 04-10-2011 | 2011-57200486 | |
| 31-03-2010 | abbreviated format | 20-10-2010 | 2010-58300348 | |
| 31-03-2009 | abbreviated format | 02-10-2009 | 2009-79600241 | |
| 31-03-2008 | abbreviated format | 01-09-2008 | 2008-71300220 | |
| 31-03-2007 | abbreviated format | 05-09-2007 | 2007-71600178 | |
| 31-03-2006 | abbreviated format | 13-09-2006 | 2006-78304987 | |
| 31-03-2005 | full format | 07-12-2005 | 2005-88700798 | |
| 31-03-2004 | full format | 30-11-2004 | 2004-82003698 | |
| 31-03-2003 | full format | 22-07-2004 | 2004-49101423 | |
| 31-03-2001 | full format | 24-05-2002 | 2002-14100960 | |
| 31-03-2000 | full format | 24-05-2002 | 2002-14100971 | |
| 31-03-1999 | full format | 24-05-2002 | 2002-14100980 | |
| 31-03-1998 | full format | 22-10-1998 | 1998-54202429 | |
| 31-03-1997 | full format | 18-11-1997 | 1997-53402940 | |
| 31-03-1996 | full format | 18-11-1997 | 1997-53402930 | |
| 31-03-1995 | full format | 28-09-1995 | 1995-51104566 | |
| 31-03-1993 | full format | 19-10-1993 | 1993-40501835 |
| Line | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -28,914 | 165,681 | 166,196 | 87,991 | 132,717 | 95,657 | -7,467 | 80,009 | 81,914 | 65,327 | 105,985 | 44,356 | 113,946 | 23,377 | -32,194 | 102,895 | 161,565 | 146,546 | 176,792 | 59,217 | ||
| -32,258 | 100,682 | 114,428 | 50,341 | 99,179 | 77,004 | 3,922 | 35,512 | 58,522 | 50,200 | 78,674 | 35,546 | 103,005 | 51,770 | -52,896 | 66,516 | 93,846 | 91,907 | 98,929 | 55,223 | ||
| 2,500 | 48,395 | 67,876 | 7,413 | 11,659 | 7,171 | 25,695 | 60,073 | 29,999 | 47,282 | 6,292 | 710 | 15,446 | 3,227 | -2,302 | 9,582 | 12,289 | 52,226 | 322,040 | 480,678 | ||
| -4,291 | -446,745 | 70,019 | -16,968 | 102,502 | 47,144 | 137,683 | 44,250 | 18,026 | -12,440 | -36,267 | 70,398 | -104,758 | 25,248 | -43,663 | 104,292 | 44,720 | -191,617 | 188,681 | - | ||
| 405,457 | 441,378 | 351,142 | 297,630 | 247,918 | 178,342 | 146,010 | 16,073 | 42,159 | 42,140 | 27,787 | -25,021 | -39,740 | -119,797 | -130,631 | -52,917 | -93,887 | -154,152 | -204,565 | -16,075 | ||
| 49.3% | 51.2% | 42.9% | 37.8% | 33.6% | 28.4% | 25.1% | 28.3% | 31.0% | 29.9% | 30.6% | 25.6% | 25.7% | 17.6% | 17.1% | 24.2% | 21.8% | 15.4% | 14.9% | 21.0% | ||
| 1.99 | 2.04 | 1.65 | 1.56 | 1.43 | 1.32 | 1.30 | 1.03 | 1.08 | 1.08 | 1.05 | 0.96 | 0.93 | 0.83 | 0.81 | 0.92 | 0.88 | 0.81 | 0.71 | 0.96 | ||
| 1.99 | 2.04 | 1.65 | 1.56 | 1.43 | 1.32 | 1.30 | 1.03 | 1.08 | 1.08 | 1.05 | 0.96 | 0.93 | 0.83 | 0.81 | 0.92 | 0.88 | 0.81 | 0.71 | 0.96 | ||
| 1.03 | 0.95 | 1.32 | 1.65 | 1.96 | 2.52 | 2.94 | 2.51 | 2.11 | 2.23 | 2.15 | 2.77 | 2.77 | 4.50 | 4.68 | 3.03 | 3.47 | 5.25 | 5.54 | 3.61 | ||
| -13.3% | 16.2% | 22.6% | 8.2% | 22.6% | 18.8% | -15.8% | -8.4% | 1.8% | 0.0% | 12.3% | 1.1% | 26.0% | 3.3% | -57.0% | 3.0% | 11.8% | 12.3% | -8.8% | 9.8% | ||
| -6.6% | 8.3% | 9.7% | 3.1% | 7.6% | 5.3% | -4.0% | -2.4% | 0.6% | 0.0% | 3.8% | 0.3% | 6.7% | 0.6% | -9.7% | 0.7% | 2.6% | 1.9% | -1.3% | 2.1% | ||
| -1.57 | 8.18 | 11.05 | 6.50 | 12.28 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
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.
| Item | 31-03-2026 | 31-03-2025 | 31-03-2024 | 31-03-2023 | 31-03-2022 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 2 | 3 | 3 | 4 | 5 |
| full-time | 1 | 1 | 1 | 1 | 1 |
| part-time | 1 | 2 | 2 | 3 | 4 |
| in full-time equivalents | 1.4 | 2 | 2 | 2.2 | 3.1 |
| 2.2 | 2.3 | 2.3 | 3.5 | 2.7 | |
| On a permanent contract | 1 | 3 | 2 | 3 | 3 |
| Joined | 71 | 45 | 4 | - | 4 |
| Left | 72 | 44 | 5 | - | 3 |
Source: social balance sheet in the 2022 to 2026 annual accounts
| Item | 31-03-2026 | 31-03-2025 | 31-03-2024 | 31-03-2023 | 31-03-2022 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | - | - | - | €646 | €20,760 |
| Pledge on other assets, amount secured | - | - | - | €646 | €20,760 |
| Carrying value of the other pledged assets | - | - | - | €0 | €21,015 |
Source: notes to the 2022 to 2026 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Item | 31-03-2026 | 31-03-2025 | 31-03-2024 | 31-03-2023 | 31-03-2022 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €43,995 | €67,876 | €7,413 | €11,659 |
| Financial fixed assets | €2,500 | €4,400 | - | - | - |
| €26,894 | €19,219 | €19,285 | €23,445 | €31,550 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
The operating result for 2026 is a loss of €55,808, after a profit of €146,463 in 2025. It is the lowest result since 2012.
Debt's share of the balance-sheet total rises from 48.8% to 50.7%. Equity and debt are lower.
Source: lists of holdings in the owners' accounts
Source: list of holdings in the 30-06-2025 accounts of BELLESTELLE. Every holding stands with its own latest accounts.
| BELLESTELLE
registered office since 08-07-2005 · founded in 2005 |
total assets €587,186 (2025) 0875.127.763 |
The network starts from the directors of COMITE MB. Every other company they run is a node.
Deadline for the 2027 accounts: 31-10-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Comité MB registered office Westerlaan 3, 8790 Waregem | 17-03-2008 | 2.170.712.817 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 34040C1174/00T000 | 2,621 m² | 1 · 250 m² | 12.7 m · 3 |
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