COMITH
ActiveSummary
COMITH has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €700,249 and a net result of €193,389. Equity is shrinking by ~7.1% per year across the filed fiscal years. Its solvency ranks better than 57% of 315 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability85▲+16
Solvency73▲+1
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55,000 at 30 days acceptable
Liquidity ample (current ratio 2.08 against 3.26 in 2024; short-term debt: 42.5% and cash: 25.3% of total assets), but 51.6% 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○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
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
48.4%
Return on assets
13.4%
Age of the figures
9 mo
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 · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €700,249
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 21-04-2026, 101 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
101 d early
2024
30 d early
2023
36 d early
2022
41 d early
2021
41 d early
2020
40 d early
2019
39 d early
← 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 47 days before 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#7 employer in Flemish Brabant, Printing sector
Equity
€700,249▲ 15.4%
2024 · €606,861
Total assets
€1.4m▲ 11.2%
2024 · €1.3m
Net result
€193,389▲ 8,678%
2024 · €2,203
Working capital
€665,628▼ 11.3%
2024 · €750,468
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 18, Printing and reproduction of recorded media, 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
Line20212022202320242025
Operating result€153,369▲ 78.9%€243,214▲ 58.6%€221,725▼ 8.8%€19,416▼ 91.2%€235,695▲ 1,114%
Net result€124,208above the sector's middle half▲ 83.5%€177,787above the sector's middle half▲ 43.1%€150,542above the sector's middle half▼ 15.3%€2,203within the sector's middle half▼ 98.5%€193,389above the sector's middle half▲ 8,678%
Equity€276,329within the sector's middle half▼ 63.3%€454,116within the sector's middle half▲ 64.3%€604,657within the sector's middle half▲ 33.2%€606,861within the sector's middle half▲ 0.4%€700,249above the sector's middle half▲ 15.4%
Total assets€2.0mwithin the sector's middle half▼ 9.5%€2.4mabove the sector's middle half▲ 20.6%€2.0mabove the sector's middle half▼ 16.9%€1.3mwithin the sector's middle half▼ 34.2%€1.4mabove the sector's middle half▲ 11.2%
Debt€1.6m▲ 19.8%€1.8m▲ 13.7%€1.2m▼ 31.4%€534,563▼ 56.3%€745,983▲ 39.5%
Working capital€891,320above the sector's middle half▼ 18.6%€1.1mabove the sector's middle half▲ 18.1%€1.1mabove the sector's middle half▲ 3.5%€750,468above the sector's middle half▼ 31.1%€665,628above the sector's middle half▼ 11.3%
Solvency14.0%below the sector's middle half▼ 20.5pp19.1%within the sector's middle half▲ 5.1pp30.6%within the sector's middle half▲ 11.5pp46.7%within the sector's middle half▲ 16.1pp48.4%within the sector's middle half▲ 1.8pp
Current ratio2.21within the sector's middle half▲ 0.012.16within the sector's middle half▼ 0.052.93above the sector's middle half▲ 0.783.26above the sector's middle half▲ 0.322.08within the sector's middle half▼ 1.17
Return on assets (ROA)6.3%within the sector's middle half▲ 3.2pp7.5%within the sector's middle half▲ 1.2pp7.6%within the sector's middle half▲ 0.1pp0.2%within the sector's middle half▼ 7.4pp13.4%above the sector's middle half▲ 13.2pp
Staff (FTE)18.4above the sector's middle half▼ 8.9%20.8above the sector's middle half▲ 13.0%20.3above the sector's middle half▼ 2.4%20.7above the sector's middle half▲ 2.0%19.9above the sector's middle half▼ 3.9%
above
within
below
the middle half (P25 to P75) of NACE 18, Printing and reproduction of recorded media, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 1,114% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.4m
Fixed assets
€166,524 ▼ 23.4%
Current assets
€1.3m ▲ 18.1%
Equity and liabilities €1.4m
Equity
€700,249 ▲ 15.4%
Provisions
€0 ▼ 100%
Debt
€745,983 ▲ 39.5%
Debt's share of the balance-sheet total rises from 41.1% to 51.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€362,634▲
2024 · €146,020
Cash flow
€320,328▲
2024 · €128,808
Quick ratio
2.08▼
2024 · 3.25
Debt to equity
1.07▲
2024 · 0.88
ROE
27.6%▲
2024 · 0.4%
Interest coverage
236.76▲
2024 · 67.03
Debt ≤ 1 year
€614,080▲
2024 · €332,790
Debt > 1 year
€0▼
2024 · €34,249
Income taxes
€40,775▲
2024 · €15,065
Staff costs
€1.5m▲
2024 · €1.4m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,129 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% 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 20,129 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 | €1.2m | €1.4m | €1.4m | €1.4m | €1.5m | ▲ 14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €76,331 | €127,958 | €130,783 | €126,604 | €126,939 | ▲ 0.3% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €11,119 | €13,367 | €7,096 | €9,956 | -€159,176 | ▼ 1,699% |
| Other operating charges640/8 | €4,069 | €4,963 | €2,783 | €2,809 | €4,124 | ▲ 46.8% |
| Non-recurring operating charges66A | - | €1,760 | - | - | - | - |
| Gross operating margin9900 | €1.4m | €1.8m | €1.7m | €1.5m | €1.7m | ▲ 15.8% |
| Operating profit (loss)9901 | €153,369 | €243,214 | €221,725 | €19,416 | €235,695 | ▲ 1,114% |
| Financial income75/76B | €14,014 | - | - | €31 | €0 | ▼ 98.5% |
| Recurring financial income75 | €14,014 | - | - | €31 | €0 | ▼ 98.5% |
| Financial charges65/66B | €3,917 | €3,475 | €5,266 | €2,179 | €1,532 | ▼ 29.7% |
| Recurring financial charges65 | €3,917 | €3,475 | €5,266 | €2,179 | €1,532 | ▼ 29.7% |
| Profit (loss) for the period before taxes9903 | €163,466 | €239,739 | €216,460 | €17,268 | €234,164 | ▲ 1,256% |
| Income taxes67/77 | €39,258 | €61,952 | €65,918 | €15,065 | €40,775 | ▲ 171% |
| Profit (loss) for the period9904 | €124,208 | €177,787 | €150,542 | €2,203 | €193,389 | ▲ 8,678% |
| Profit (loss) for the period to be appropriated9905 | €124,208 | €177,787 | €150,542 | €2,203 | €193,389 | ▲ 8,678% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.0m | €2.4m | €2.0m | €1.3m | €1.4m | ▲ 11.2% |
| Fixed assets21/28 | €344,286 | €415,148 | €323,067 | €217,343 | €166,524 | ▼ 23.4% |
| Intangible fixed assets21 | €26,127 | €22,877 | €19,627 | €19,627 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €318,159 | €392,271 | €303,440 | €197,716 | €166,524 | ▼ 15.8% |
| Plant, machinery and equipment23 | €307,137 | €386,954 | €303,440 | €197,716 | €157,759 | ▼ 20.2% |
| Furniture and vehicles24 | €11,021 | €5,317 | €0 | €0 | €8,765 | - |
| Current assets29/58 | €1.6m | €2.0m | €1.7m | €1.1m | €1.3m | ▲ 18.1% |
| Stocks and contracts in progress3 | - | €2,906 | €1,905 | €3,343 | €629 | ▼ 81.2% |
| Stocks30/36 | - | €2,906 | €1,905 | €3,343 | €629 | ▼ 81.2% |
| Amounts receivable within one year40/41 | €1.6m | €1.8m | €1.2m | €778,093 | €895,351 | ▲ 15.1% |
| Trade receivables40 | €1.5m | €1.8m | €1.2m | €778,011 | €868,498 | ▲ 11.6% |
| Other amounts receivable41 | €10,742 | €4,417 | €4,130 | €82 | €26,853 | ▲ 32,560% |
| Cash at bank and in hand54/58 | €65,564 | €179,375 | €391,792 | €288,620 | €366,034 | ▲ 26.8% |
| Deferred charges and accrued income490/1 | €6,260 | €13,371 | €14,712 | €13,202 | €17,694 | ▲ 34.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.0m | €2.4m | €2.0m | €1.3m | €1.4m | ▲ 11.2% |
| Equity10/15 | €276,329 | €454,116 | €604,657 | €606,861 | €700,249 | ▲ 15.4% |
| Contributions10/11 | €73,493 | €73,493 | €73,493 | €73,493 | €73,493 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Outside capital11 | €11,493 | €11,493 | €11,493 | €11,493 | €11,493 | = |
| Share premium1100/10 | €11,493 | €11,493 | €11,493 | €11,493 | €11,493 | = |
| Reserves13 | €23,270 | €23,270 | €23,270 | €23,270 | €23,270 | = |
| Non-distributable reserves130/1 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Distributable reserves133 | €17,070 | €17,070 | €17,070 | €17,070 | €17,070 | = |
| Profit (loss) carried forward14 | €179,565 | €357,352 | €507,894 | €510,097 | €603,486 | ▲ 18.3% |
| Provisions and deferred taxes16 | €128,758 | €142,125 | €149,221 | €159,176 | €0 | ▼ 100% |
| Provisions for liabilities and charges160/5 | €128,758 | €142,125 | €149,221 | €159,176 | €0 | ▼ 100% |
| Other liabilities and charges164/5 | €128,758 | €142,125 | €149,221 | €159,176 | €0 | ▼ 100% |
| Amounts payable17/49 | €1.6m | €1.8m | €1.2m | €534,563 | €745,983 | ▲ 39.5% |
| Amounts payable after more than one year17 | €139,180 | €176,905 | €105,577 | €34,249 | €0 | ▼ 100% |
| Financial debts170/4 | €139,180 | €176,905 | €105,577 | €34,249 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €735,826 | €910,061 | €563,353 | €332,790 | €614,080 | ▲ 84.5% |
| Current portion of amounts payable after more than one year42 | €35,611 | €70,689 | €71,328 | €71,328 | €33,596 | ▼ 52.9% |
| Trade debts44 | €593,560 | €548,623 | €370,770 | €193,825 | €249,685 | ▲ 28.8% |
| Suppliers440/4 | €593,560 | €548,623 | €370,770 | €193,825 | €249,685 | ▲ 28.8% |
| Advances received on contracts in progress46 | €5,080 | €5,080 | €5,080 | €5,080 | €5,080 | = |
| Taxes, remuneration and social security45 | €101,574 | €185,669 | €116,174 | €62,557 | €225,718 | ▲ 261% |
| Taxes450/3 | €78,706 | €157,574 | €94,806 | €62,557 | €51,973 | ▼ 16.9% |
| Remuneration and social security454/9 | €22,869 | €28,095 | €21,368 | - | €173,745 | - |
| Other amounts payable47/48 | - | €100,000 | - | - | €100,000 | - |
| Accrued charges and deferred income492/3 | €691,339 | €694,678 | €553,561 | €167,525 | €131,903 | ▼ 21.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €124,208 | €177,787 | €150,542 | €2,203 | €193,389 | ▲ 8,678% |
| + Depreciation and write-downs630 | €76,331 | €127,958 | €130,783 | €126,604 | €126,939 | ▲ 0.3% |
| Operating cash flow (approximation) | €200,539 | €305,745 | €281,325 | €128,808 | €320,328 | ▲ 149% |
| Investment in fixed assets (approximation) | - | -€198,821 | -€38,702 | -€20,880 | -€76,121 | ▼ 265% |
| Change in cash | - | €113,811 | €212,418 | -€103,173 | €77,414 | ▲ 175% |
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
21-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €193,389 ▲8,678%
Net result €193,389, the highest in the series.
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €2,203 ▼98.5%
Net result drops to €2,203, the lowest in the series; recovery starts the following year.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €500,000Eq €604,657 ▲33.2%
6 profitable years in a row build equity to €604,657.
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
09-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 9 days late
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 15 acts read
About the unread acts
We know of 15 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
15 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, Affligem · 1 establishment unit since 1995
Ground area
2,779 m²
Building footprint
599 m²
Volume, LiDAR
4,049 m³
2 parcels, Flanders · tallest building 12.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Brusselbaan 75, 1790 Affligem
since 19952.072.336.011
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23030A0926/00K000 | Flanders | 1,405 m² | 1 · 263 m² | 11.8 m · 1 fl. |
| 23030A0930/00N000 | Flanders | 1,374 m² | 1 · 335 m² | 12.7 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 ownerChain of control
- Védévé Invest
- COMFAM
- COMITH
Highest known parent: Védévé Invest. The sources do not say who stands above it.
Owners 1
- COMFAMparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 2 entries · 2,611 EUR awarded · 2,611 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 992 EUR | 992 EUR |
| 2023 | 1 | 1,619 EUR | 1,619 EUR |
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Of 1,597 companies in sector 18120 we hold annual accounts for 809. 547 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
Founded01-04-1995
Fiscal year end31-12
Activities, NACEBEL 2025
18120Other printing
18130Pre-press and pre-media services
47621Retail sale of newspapers and periodicals
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0455560401
Also
9925:BE0455560401
Registered
13-01-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.