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COMITH

Active Public limited companyfounded 1995active for 31 yearsBrusselbaan 77-79, 1790 AffligemKBO/BCE: BE 0455.560.401 subsidiary of COMFAM#7 employer in Flemish Brabant, Printing sector

Overview

Lifetime

19 annual accounts with figures on one time axis, 29 filings since 1996
peak €1.8m (2022)
€1.7m▲ 15.8%
peak €228,570 (2010)
€193,389▲ 88×
peak €2.6m (2016)
€700,249▲ 15.4%
€745,983▲ 39.5%
peak 21.3 FTE (2018)
19.9 FTE▼ 3.9%
Board5 names since 2017
2 directorsVédévé Invest and 1 other
Owners2 names in the annual accounts
100%COMFAM
Documentsfilings and deeds
21-04-2026101 days before the deadline
2025abbreviated format
Gross margin from €1.5m to €1.7mResult from €2,203 to €193,3891 director appointed, 1 resignation 30-10Equity from €606,861 to €700,249Debts from €534,563 to €745,983

Key points

from the 2025 annual accounts

Equity

€700,249 from €2.6m in 2016

Equity fell by 73% in 9 years.

Result

€193,389 ▲ 88×
€2,2002024€193,0002025

The result rose in 2025 from €2,203 to €193,389.

Debts

€745,983 ▲ 39.5%
Taxes and wages
+163,162
Suppliers
+55,860
The rest
-7,602

Debts rose by €211,419 in 2025.

Staff

23 employees on 31-12-2025
432021532022122023222024322025

In 2025, 3 people joined and 2 left.

Filings

29 annual accounts since 1996
AprilJune31 JulyOctober200020102020

The 2017 accounts came 9 days late. The other nine of the last ten were filed on time.

Position in the sector

€193,389

Higher net result than 92% of companies in printing. Sector median €11,544 · 359 companies.

Checked score

97
Excellent
Financially stronger than 79% of small companies in printing (NACE 18)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.3% across 136 companies (NACE 18, small).

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.1% 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025highest value 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 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: < 0.1%▼ -0.1 percentage points vs 04-2026lowest value 06-2026: < 0.1%● unchanged vs 05-2026lowest value 07-2026: < 0.1%● unchanged vs 06-2026lowest value 08-2026: < 0.1%● unchanged vs 07-2026lowest value 09-2026: < 0.1%● unchanged vs 08-2026lowest value 10-2026: < 0.1%● unchanged vs 09-2026lowest value 11-2026: < 0.1%● unchanged vs 10-2026lowest value

Financial strength
Strong

73+1equity 48.4% of total assets
61-7short-term debt 42.5% · cash 25.3%
85+16return on assets 13.4%

Score breakdown

lowers risk
Liquidity: current ratio 2.08, cash €366,034
Founded in 1995
Profit of €193,389 (financial year 2025)
Equity €700,249 (48.4% of total assets)
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 18, small). It does better than 60% of them on solvency, 77% on liquidity, 94% on profitability and 86% on growth.

The bankruptcy probability was computed on 10-11-2026 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 31-12-2025.

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).

Comparable companies, two years later

In July 2024, 20,137 companies had the same profile as COMITH has now. Each dot stands for 51 companies, two years later.

95.1%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

That fits the bankruptcy probability of COMITH itself: < 0.1% within 12 months.

Test of the method

The method was tested on the 497,448 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 20,137 companies, not a prediction for COMITH. 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.

Credit verdict

Credit of up to €65,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 2.08 (3.26 in 2024), above the usual 1.5. Short-term debt is 42.5% and cash 25.3% of total assets. However, 51.6% of the assets are financed with debt and provisions.

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

6 signals, none raises the risk
Six signals.
lowers riskneutral
lowers risk · Liquidity: current ratio 2.08, cash €366,034
NBB · annual accounts
lowers risk · Founded in 1995
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Profit of €193,389 (financial year 2025)
NBB · annual accounts
lowers risk · Equity €700,249 (48.4% of total assets)
NBB · annual accounts
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 2025
Equity 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 filings
Deviation from the deadline
2025
101 days early
2024
30 days early
2023
36 days early
2022
41 days early
2021
41 days early
2020
40 days early
2019
39 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 47 days before the deadline. In the sector (NACE 18), the median for financial year 2024 was 5 days before the deadline, and 38% 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 20 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

VI
Managing director, Van de Velde Johan
VD
Director, since 10-10-2025
  • COMFAM 100%equity €0 (2026) · 25-03-2026 annual accounts of COMFAM
Board & ownership

Recent changes

1 director appointed, 1 resignation Resignation: TC MACO BV · Permanent representative: Thijs Claes · Appointment: Veerle De Brabanter · General meeting of 10-10-2025 · Gazette deed
Registered in the Peppol Directory Reachable for e-invoices through 0208:0455560401
Amendment of the articles General meeting of 21-09-2023 · Gazette deed
2 directors appointed, 2 reappointments Reappointments: Védévé Invest and TC MACO · Permanent representatives: Van de Velde Johan and Claes Thijs · Appointments: Védévé Invest (managing director) and TC MACO (managing director) · General meeting of 24-04-2023 · Gazette deed
All 41 events

Comparable companies

same main activity, similar in size and age
Company
COMITH Affligem €1.4m €1.7m 48.4% 19.9
COONEN GRAPHICS Verviers €1.4m €1.8m 42.0% 15.6
DRUKKERIJ BAETé Puurs-Sint-Amands €1.4m €1.2m 76.2% 17.4
DESSAIN H. Mechelen €2.2m €1.4m 51.3% 17.8
Bietlot Charleroi €1.0m €1.2m 7.7% 16.8
Goed Gedrukt Schoten €1.2m €1.1m 56.6% 15.7
CRAENEN Herent €2.3m €1.0m 31.6% 16.7

These companies have the same main activity as COMITH: other printing (NACE 18120). They are comparable in size and age: total assets between €1m and €2.3m, founded between 1987 and 1998.

Official details

Source: KBO
Status
Active since 01-04-1995Normal situation
Activity
Other printingNACE 18120and 3 others
Joint committee
200Auxiliary committee for white-collar workers · annual accounts 2025
Establishment unit
2.072.336.0111790 Affligem, since 13-07-1995
Financial year end
31 December
Peppol
Reachable since 13-01-2025
Company details

Annual accounts 2025

€1.7m▲ 15.8%
≈ €3.0mestimated
€193,389▲ 88×
€700,249▲ 15.4%
€1.4m▲ 11.2%
Employeeson 31-12-2025
23▲ 4.5%
Filing
Filed on 21-04-2026, 101 days before the end of the filing period
Financials

Insights on COMITH

COMITH files the abbreviated format. That format states no turnover. The gross margin rose from €1.2m in 2007 to €1.7m in 2025.

COMFAM holds all the shares. In July 2023, the Official Gazette published the appointment of Védévé Invest as managing director.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

abbreviated format, filed on 21-04-2026, 101 days before the deadline
€1.7m
▲ 15.8%
€235,695
▲ 12×
€362,634
▲ 148%
€320,328
▲ 149%
48.4%
▲ 1.8 percentage points
2.08
▼ 1.17

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 ≈ €3.0m. Estimated: probably between €2.0m and €5.0m.

Money flows

no detail for 2025

Balance sheet

balance sheet total €1.4m on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

48.4%

Higher than 56% of 359 companies in 2025.

2.08

Higher than 66% of 353 companies in 2025.

13.4%

Higher than 84% of 356 companies in 2025.

COMITH Middle half of the sector 80% of the sector Abbreviated accounts in printing (NACE 18)

Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter · Staff: top quarter

Staff

€77,469

Staff costs divided by the average number of full-time equivalents.

+1 person

people who joined people who left

In 2025, 3 people joined and 2 left.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2025202420232022202120202019201820172016201520142013201220112010200920082007
Balance sheet: assets
20/58 1.4m1.3m2.0m2.4m2.0m2.2m2.1m2.0m1.9m3.0m3.5m2.8m2.7m2.9m3.0m2.8m2.6m2.8m2.4m
21/28 166,524217,343323,067415,148344,286167,686137,375176,697215,396848,335-934,464965,0511.1m1.3m1.4m1.0m767,190870,151
21 019,62719,62722,87726,12729,37732,62735,87739,12742,37745,62748,87719,62719,62719,62719,62719,627--
22/27 166,524197,716303,440392,271318,159138,309104,748140,821176,269805,888948,512885,518945,3551.1m1.3m1.3m982,579767,190870,151
22 ---------543,422603,606652,734654,582711,217767,853820,850579,859615,677675,226
23 157,759197,716303,440386,954307,137119,77973,805117,341142,889196,070282,082158,544265,283321,711506,256439,252278,694110,179147,110
24 8,765005,31711,02118,53030,94323,47933,38066,39762,82474,24025,49156,11254,72073,721124,02541,33447,816
28 ---------69696969------
29/58 1.3m1.1m1.7m2.0m1.6m2.0m1.9m1.8m1.7m2.2m2.5m1.9m1.8m1.7m1.6m1.4m1.6m2.1m1.6m
29 -----350,000350,000--85,000148,000163,000175,000185,375185,375244,750155,000100,000-
291 -----350,000350,000--85,000148,000163,000175,000185,375185,375244,750155,000100,000-
3 6293,3431,9052,906---------------
30/36 6293,3431,9052,906---------------
40/41 895,351778,0931.2m1.8m1.6m960,514862,5501.2m1.5m703,6421.3m994,349642,271720,782914,150666,136712,734970,299625,969
40 868,498778,0111.2m1.8m1.5m926,336820,4461.2m1.5m650,5551.2m960,247610,174720,782867,293641,403670,186960,562608,247
41 26,853824,1304,41710,74234,17742,10419,006-53,08624,47734,10132,097-46,85824,73342,5489,73717,722
50/53 ---------758,436143,933183,541193,285127,5712,778221,007300,000-624,789
54/58 366,034288,620391,792179,37565,564695,792731,592620,369114,241639,455923,778542,167750,191668,517534,667235,479419,005983,578296,603
490/1 17,69413,20214,71213,3716,2603,5622,8662,3902,926145607,9851,97642,44346355,252-3,2744,026
Balance sheet: equity and liabilities
10/49 1.4m1.3m2.0m2.4m2.0m2.2m2.1m2.0m1.9m3.0m3.5m2.8m2.7m2.9m3.0m2.8m2.6m2.8m2.4m
10/15 700,249606,861604,657454,116276,329752,1211.3m1.2m1.1m2.6m2.5m1.6m1.6m1.5m1.5m1.7m1.4m1.4m1.2m
10/11 73,49373,49373,49373,49373,49373,49362,00062,000-94,324-62,00062,00062,00062,00062,00062,00062,00062,000
10 62,00062,00062,00062,00062,000---62,000-94,324--------
100 62,00062,00062,00062,00062,00062,00062,00062,00062,00094,32494,32462,00062,00062,00062,00062,00062,00062,00062,000
11 11,49311,49311,49311,49311,49311,49311,49311,49311,49329,67629,676--------
1100/10 11,49311,49311,49311,49311,49311,49311,49311,493-29,676---------
13 23,27023,27023,27023,27023,27023,27023,27013,27013,27022,41020,3607,0907,0907,0907,0907,0907,0907,0907,090
130/1 6,2006,2006,2006,2006,2006,200-------------
130 6,2006,2006,2006,2006,2006,2006,2006,2006,20015,34013,2907,0907,0907,0907,0907,0907,0907,0907,090
133 17,07017,07017,07017,07017,07017,07017,0707,0707,0707,0707,070--------
14 603,486510,097507,894357,352179,565655,3571.2m1.1m1.0m2.4m2.4m1.5m1.5m1.4m1.4m1.6m1.4m1.4m1.2m
16 0159,176149,221142,125128,758117,639143,365138,890120,67880,75687,77097,425105,689121,40593,58873,60171,80967,48373,814
160/5 0159,176149,221142,125128,758117,639143,365138,890120,67880,75687,77097,425105,689121,40593,58873,60171,80967,48373,814
164/5 0159,176149,221142,125128,758117,639143,365138,890120,67880,756---------
17/49 745,983534,5631.2m1.8m1.6m1.3m656,590662,996644,005372,161842,5681.1m1.0m1.2m1.4m1.0m1.1m1.3m1.1m
17 034,249105,577176,905139,180------19,77563,950107,748151,182194,318257,714299,831340,779
170/4 034,249105,577176,905139,180------19,77563,950107,748151,182194,318257,714299,831340,779
42/48 614,080332,790563,353910,061735,826914,736314,132310,366430,329286,120543,246917,302815,755933,9741.1m504,298285,964577,891346,895
42 33,59671,32871,32870,68935,611-----19,77644,17543,79843,43443,08242,37341,73340,94851,496
44 249,685193,825370,770548,623593,560287,178272,177169,740259,228266,877437,490433,542422,675535,512724,965454,655215,161406,993267,236
440/4 249,685193,825370,770548,623593,560287,178272,177169,740259,228266,877437,490433,542422,675535,512724,965454,655215,161406,993267,236
46 5,0805,0805,0805,0805,0805,0805,0805,0805,0805,034---131,0751,6011,60111,082-
45 225,71862,557116,174185,669101,57422,47836,875135,546160,72114,20985,98088,38911,19215,1607,2991,73317,581110,86126,445
450/3 51,97362,55794,806157,57478,7067,8317,831103,513138,32814,20985,98088,38911,19215,1243,7201,73317,581110,8615,085
454/9 173,745-21,36828,09522,86914,64729,04432,03322,393----363,579---21,361
47/48 100,000--100,000-600,000--5,300--351,196338,090339,855300,3403,9369,8878,0081,717
492/3 131,903167,525553,561694,678691,339393,058342,458352,630213,67686,041299,322179,147145,742182,089193,060339,487537,659445,060440,235
Income statement
70 --------3.9m----------
9900 1.7m1.5m1.7m1.8m1.4m1.3m1.6m1.5m1.6m1.1m1.2m1.2m1.4m1.4m1.3m1.7m959,8181.0m1.2m
60/61 --------2.3m----------
62 1.5m1.4m1.4m1.4m1.2m1.2m1.3m1.3m1.2m869,070813,971995,618995,280991,823879,414994,503725,091595,628679,512
630 126,939126,604130,783127,95876,33151,959112,879104,818116,246189,138200,102210,647247,987257,639305,864349,475221,615155,434202,832
631/4 ----------18,363-18,364------
635/8 -159,1769,9567,09613,36711,119-25,7274,47518,21239,922-7,014--8,263-15,71627,81719,9881,792---
640/8 4,1242,8092,7834,9634,0693,79413,7033,13312,1118,59142,17818,5259,27810,38211,98215,08610,6677,27210,267
66A ---1,760-58--2,2751,734--73611,2721,2981,2361,2742,748210
9901 235,69519,416221,725243,214153,36985,722161,139106,698188,65040,965121,43315,782129,25674,271124,173315,8852,444290,710288,874
75/76B 031--14,01414,0024-9027,103-21,19416,28514,00037,32111,73517,96044,12021,760
75 031--14,01414,0024-9027,10317,23521,19416,28514,00037,32111,73517,96044,12021,760
65/66B 1,5322,1795,2663,4753,9171,8532,1593471,51510,777-21,75822,05620,46312,47422,06417,40819,71923,256
65 1,5322,1795,2663,4753,9171,8532,1593471,5159,0434,55221,75822,05620,46312,47422,06417,40819,71923,256
66B ---------1,734---------
9903 234,16417,268216,460239,739163,46697,871158,984106,351187,22557,291130,92515,218122,74956,536147,723304,3191,723312,362287,168
67/77 40,77515,06565,91861,95239,25830,17863,71140,99473,42616,30442,954-34,25019,69340,79475,749-98,10497,362
9904 193,3892,203150,542177,787124,20867,69395,27365,356113,79940,98787,97115,21888,49936,843106,928228,5701,723214,258189,806
9905 193,3892,203150,542177,787124,20867,69395,27365,356113,79940,98787,97115,21888,49936,843106,928228,5701,723214,258189,806
Appropriation of the result
9906 703,486510,097507,894357,352779,5651.3m1.2m1.1m2.5m2.4m2.4m1.5m1.5m1.4m1.7m1.6m1.4m1.4m1.2m
14P 510,097507,894357,352179,565655,357---2.4m-2.3m--------
691/2 --------4,5912,050---------
6920 --------4,5912,050---------
694/7 100,000---600,000600,000--------300,000----
694 ----600,000600,000--------300,000----
695 100,000------------------
Social balance sheet
9087 19.920.720.320.818.420.220.421.320.914.414.117.218.119.917.813.914.212.614.7
Hours worked1013 29,88532,60831,60534,76629,91729,77933,52535,278-24,433-28,80229,61731,67930,68230,45122,66210,88224,866
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 10 older financial years (1996-2006) were filed as documents without figures as data, scans for example.

The notes to these accounts have 13 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 21-04-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 21-04-2026 2026-00086160 PDF
31-12-2024 abbreviated format 01-07-2025 2025-00204538 PDF
31-12-2023 abbreviated format 25-06-2024 2024-00157117 PDF
31-12-2022 abbreviated format 20-06-2023 2023-00138746 PDF
31-12-2021 abbreviated format 20-06-2022 2022-20072692 PDF
31-12-2020 abbreviated format 21-06-2021 2021-21500434 PDF
31-12-2019 abbreviated format 22-06-2020 2020-18500263 PDF
31-12-2018 abbreviated format 28-06-2019 2019-23900539 PDF
31-12-2017 abbreviated format 09-08-2018 2018-44500035 PDF
31-12-2016 abbreviated format 27-06-2017 2017-21100268 PDF
31-12-2015 abbreviated format 27-06-2016 2016-22400359 PDF
31-12-2014 abbreviated format 26-06-2015 2015-20800123 PDF
31-12-2013 abbreviated format 16-07-2014 2014-30000495 PDF
31-12-2012 abbreviated format 03-07-2013 2013-24400263 PDF
31-12-2011 abbreviated format 19-06-2012 2012-17600119 PDF
31-12-2010 abbreviated format 01-07-2011 2011-23300505 PDF
30-06-2009 abbreviated format 18-12-2009 2009-89200074 PDF
30-06-2008 abbreviated format 17-12-2008 2008-85200257 PDF
30-06-2007 abbreviated format 07-12-2007 2007-82200248 PDF
30-06-2006 abbreviated format 11-12-2006 2006-90100032 PDF
30-06-2005 abbreviated format 15-12-2005 2005-88800288 PDF
30-06-2004 abbreviated format 28-12-2004 2004-87300253 PDF
30-06-2003 abbreviated format 19-12-2003 2003-83800169 PDF
30-06-2002 abbreviated format 27-12-2002 2002-78200109 PDF
30-06-2001 abbreviated format 10-01-2002 2002-00400104 PDF
30-06-2000 abbreviated format 10-01-2001 2001-00400217 PDF
30-06-1999 abbreviated format 06-12-1999 1999-61504158 PDF
31-12-1997 abbreviated format 08-07-1998 1998-29604385 PDF
31-12-1996 abbreviated format 04-09-1997 1997-41901254 PDF

Subsidies and aid

Flemish government 2023 to 2025, 2 entries, €2,611 awarded, €2,611 paid

Year Entries AwardedPaid
2025 1 €992€992
2023 1 €1,619€1,619

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202420232022202120202019201820172016201520142013201220112010200920082007
362,634146,020352,508371,173229,700137,681274,018211,516304,896230,103321,535226,429377,243331,910430,037665,360224,059446,143491,706
320,328128,808281,325305,745200,539119,651208,152170,174230,045230,126288,073225,865336,486294,481412,792578,045223,337369,692392,638
76,12120,88038,702200,802252,93082,27073,62866,12068,91644,641329,695180,060125,88287,030302,310719,629461,73752,47242,002
77,414-103,173212,418113,811-630,229-35,800111,223506,128-525,214-284,323381,611-208,02381,673133,850299,188-183,526-564,574686,975-
665,628750,4681.1m1.1m891,3201.1m1.6m1.5m1.2m1.9m1.9m973,740946,968810,715560,672918,3251.3m1.5m1.2m
--------4.9%----------
48.4%46.7%30.6%19.1%14.0%34.5%61.6%59.5%59.3%85.1%73.2%57.0%58.5%52.9%49.3%60.0%55.5%50.8%50.4%
2.083.262.932.162.212.206.205.813.867.644.562.062.161.871.522.825.553.564.47
2.083.252.932.152.212.206.205.813.867.644.562.062.161.871.522.825.553.564.47
1.070.882.023.925.671.740.510.560.580.140.330.690.640.810.970.620.750.920.92
27.6%0.4%24.9%39.2%44.9%9.0%7.4%5.5%10.2%1.6%3.5%0.9%5.5%2.4%7.3%13.7%0.1%14.9%15.6%
13.4%0.2%7.6%7.5%6.3%3.1%4.6%3.3%6.1%1.4%2.5%0.5%3.2%1.3%3.6%8.2%0.1%7.6%7.8%
over 10067.0366.94over 10058.64---over 100-70.64--------
--------145 days----------
--------42 days----------

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.

Social balance sheet

Item31-12-202531-12-202431-12-202331-12-202231-12-2021
Employees at the balance-sheet date2322222321
full-time1916161616
part-time46675
in full-time equivalents2220.320.421.319.7
19.920.720.320.818.4
On a permanent contract2322222321
Joined32154
Left22233
Training hours0----

Source: social balance sheet in the 2021 to 2025 annual accounts

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€76,121€20,880€38,702€200,802€252,930
€126,939€126,604€130,783€127,958€76,331

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on COMITH

The operating result for 2025 is over 12 times that of 2024 and the highest since 2022. It is a recovery after the fall in 2024.

Debt's share of the balance-sheet total rises from 41.1% to 51.6%. Equity and debt are higher.

Board & ownership

Board

2 directors, 1 in day-to-day management, last change in 2025
Director and managing director, permanent representative Van de Velde Johan
director current term since 24-04-2023 managing director appointed by deed of 13-07-2023 term until 23-04-2029
also on the board of 5 other companies
listed in the 2025 annual accounts, filed on 21-04-2026
Director
since 10-10-2025 6-year term from 2025
listed in the 2025 annual accounts, filed on 21-04-2026
Védévé Invest
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“opmaken van de notulen, die op de volgende vergadering van de raad van bestuur zullen worden goedgekeurd. Indien deze volgende vergadering…”
deed of 22-05-2017
Permanent representatives 1
Permanent representative, for Védévé Invest
appointed by deed of 22-05-2017

Office holders in the KBO →

Mandates through the years

5 names, the dashed line is today
Védévé Invest
Director, Managing director
TC MACO
Director
Mark Delboo
Director
LeadershipBoardEarlierRest of the termmandate already running before its first mentionend not dated
Mandates as a list
  • Védévé Invest
    • Director, from 25-04-2017 to date
    • Managing director, appointed by deed of 13-07-2023, still in office
  • Veerle De Brabanter
    • Director, from 10-10-2025 to date
  • TC MACO
    • Director, appointed by deed of 22-05-2017, until 30-10-2025
    • Managing director, appointed by deed of 13-07-2023, ended, last mentioned on 13-07-2023
  • Johan Van de Velde
    • Director, until 22-05-2017
  • Mark Delboo
    • Director, until 22-05-2017

See the board, name and registered office on a given date →

Control

Parent
Equity €0
Loss €2,307 in 2026 (profit €13,852 in 2025)
100%
This company
COMITH
Equity €700,249
Profit €193,389 in 2025

Further up the chainVédévé Invest 100%

Capital

Capital
€62,000
Shares
1,141
Contribution per share
€54.34
Equity per share
€614 in 2025
Source
deed of 10-10-2023

Owners through the years

as the annual accounts name them
Owners as a list

Source: lists of holdings in the owners' accounts

Articles of association

deed of 10-10-2023 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
At least 3 directors
Term of at most 6 years
“Raad van bestuur, op verzoek vennootschap blijft in functie totdat redelijkerwijze in vervanging kan worden voorzien”
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Friday of June at 17:00
Dissolution ruleThe articles set when and by whom the company can be dissolved.
“Ontbinding in bij wet bepaalde gevallen, besluit algemene vergadering beraadslagend op wijze door wet vereist”

Network & group

Group

COMFAM has 1 direct subsidiary (accounts to 25-03-2026), the bar shows equity in euros
ParentCOMFAM1 holding, 1 country accounts to 25-03-2026

Belgium 1 Equity Result

  • BE Comith €700,249 result €193,389

Source: list of holdings in the 25-03-2026 accounts of COMFAM. Every holding stands with its own latest accounts.

Earlier ties

GEO-Project
via Védévé Invest, no longer at GEO-Project · Director · deed of 10-08-2023
founded in 2023 · negative equity (2025) · group Summit Group
5.6 FTE (2025)
Nano Capital
via TC MACO (at COMITH until 2025) and Védévé Invest (no longer at Nano Capital) · Managing director · deed of 18-10-2023
founded in 1987
turnover €932,639 (2025)
Cartim Print
via TC MACO, at COMITH until 2025 · Director · deed of 13-01-2022
founded in 2021 · group Nano Capital
35 FTE (2025)
Viscom Invest
via Védévé Invest, no longer at Viscom Invest · Director · deed of 06-03-2023
founded in 2023 · group Nano Capital
total assets €2.3m (2025)
Vankelegom ETN.
via TC MACO, at COMITH until 2025 · Director · deed of 20-04-2021
No longer active
total assets €246,564 (2021)

Acquisitions and mergers

1 transaction
Demerger with:Védévé Invest
BE 0466.299.190partial demerger · Gazette deed of 22-05-2017 (2 deeds)

Connections & network

4 connected companies
Linked via shared directors
DADDY KATE
via Védévé Invest and TC MACO (at COMITH until 2025) · deeds of 23-09-2021 and 12-09-2017
Founded in 2009 · 79 FTE (2025) · group Nano Capital
→
PUBLI-FDM
via Védévé Invest · Managing director · deed of 06-03-2023
Founded in 2022 · 36 FTE (2025) · group Nano Capital
→
Julien Van de Velde
via Védévé Invest · Director (not named in the articles) · deed of 27-09-2023
Founded in 2023 · total assets €1.2m (2025)
→
FDM PRINT GROUP
via Védévé Invest · Managing director · deed of 06-03-2023
Founded in 2022 · total assets €337,237 (2025) · group Nano Capital
→

Timeline

Timeline

41 events since 1995

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed PDFabbreviated format · 101 days before the deadline
2025
1 director appointed, 1 resignationResignation: TC MACO BV · Permanent representative: Thijs Claes · Appointment: Veerle De Brabanter · General meeting of 10-10-20255 points ▸

Open the deed in the Belgian Official Gazette

Annual accounts 2024 filed PDFabbreviated format · 30 days before the deadline
Registered in the Peppol Directory Reachable for e-invoices through 0208:0455560401
2024
Annual accounts 2023 filed PDFabbreviated format · 36 days before the deadline
2023
Amendment of the articlesGeneral meeting of 21-09-20233 points ▸
  • General meeting, 21-09-2023
  • Capital, €62,000, 1,141 shares
  • Registered office clause, Brusselbaan 77-79, 1790 Affligem
  • The deed holds 3 more points.

Open the deed in the Belgian Official Gazette

2 directors appointed, 2 reappointmentsReappointments: Védévé Invest and TC MACO · Permanent representatives: Van de Velde Johan and Claes Thijs · Appointments: Védévé Invest (managing director) and TC MACO (managing director) · General meeting of 24-04-20238 points ▸

Open the deed in the Belgian Official Gazette

Annual accounts 2022 filed PDFabbreviated format · 41 days before the deadline
2022
Annual accounts 2021 filed PDFabbreviated format · 41 days before the deadline
2021
Annual accounts 2020 filed PDFabbreviated format · 40 days before the deadline
2020
Annual accounts 2019 filed PDFabbreviated format · 39 days before the deadline
2019
Annual accounts 2018 filed PDFabbreviated format · 33 days before the deadline
2018
Annual accounts 2017 filed PDFabbreviated format · 9 days late
2017
Annual accounts 2016 filed PDFabbreviated format · 34 days before the deadline
Demerger: COMITH splits off to Védévé InvestCapital from €94,323.97 to €36,530.03 · Capital from €36,530.03 to €62,000 · Resignations: Mark Delboo, Johan Van de Velde and Védévé Invest · General meeting of 25-04-201715 points ▸
  • General meeting, 25-04-2017
  • Accounting effect, 01-01-2017
  • Net-asset statement, 31-12-2016
  • Capital decrease, €57,793.94
  • Capital increase, €25,469.97
  • Capital, €62,000, 1,141 shares
  • Amendment of the articles, article 5
  • Director resignation, Mark Delboo
  • Director resignation, Johan Van de Velde
  • Director resignation, Védévé Invest
  • Permanent representative, Johan Van de Velde
  • Director appointment, TC MACO
  • Permanent representative, CLAES Thijs (vaste vertegenwoordiger conform artikel 61,§2 wetboek van vennootschappen)
  • Director appointment, Védévé Invest
  • Permanent representative, Johan Van de Velde (vaste vertegenwoordiger conform artikel 61,§2 wetboek van vennootschappen)
  • The deed holds 3 more points.

Open the deed in the Belgian Official Gazette

Demerger proposal: NV COMITH splits off to NV VEDEVE INVESTVan de Velde Johan holds 3 shares · NV VEDEVE holds 1,138 shares · Van de Velde Johan holds 19,435 shares14 points ▸
  • Capital, €94,523.97, 1,141 shares
  • Board composition, Van de Velde Johan (managing director), mentioned twice in the deed
  • Board composition, Delboo Mark (director), mentioned twice in the deed
  • Board composition, NV VEDEVE (director)
  • Van de Velde Johan holds 3 shares
  • NV VEDEVE holds 1,138 shares
  • Capital, €1,350,000, 19,436 shares
  • Board composition, De Brabanter Veerle (director)
  • Van de Velde Johan holds 19,435 shares
  • The company holds 1 share of NV VEDEVE INVEST
  • Capital increase, €4,159.76
  • Van de Velde Johan holds 39 shares, mentioned twice in the deed
  • Accounting effect, 01-01-2017
  • Net-asset statement, 1452917.33, 31-12-2016
  • The deed holds 19 more points.

Open the deed in the Belgian Official Gazette

2016
Annual accounts 2015 filed PDFabbreviated format · 34 days before the deadline
2015
Liquidity more than doubled current ratio 4.56 The current ratio rises from 2.06 to 4.56. Short-term debt falls from €917,302 to €543,246.
Equity above €2m equity €2.5m ▲57.7% Equity rises from €1.6m to €2.5m.
Annual accounts 2014 filed PDFabbreviated format · 35 days before the deadline
2014
Annual accounts 2013 filed PDFabbreviated format · 15 days before the deadline
2013
Annual accounts 2012 filed PDFabbreviated format · 28 days before the deadline
2012
Annual accounts 2011 filed PDFabbreviated format · 42 days before the deadline
2011
Annual accounts 2010 filed PDFabbreviated format · 30 days before the deadline
2010
Highest result from 2007 to 2025 net €228,570 ▲13,167% The operating result of €315,885 and the net result of €228,570 are both a record.
2009
Annual accounts 2009 filed PDFabbreviated format · 44 days before the deadline
Weakest financial year net €1,723 ▼99.2% The net result drops to €1,723, the lowest from 2007 to 2025. It recovers the following year.
2008
Annual accounts 2008 filed PDFabbreviated format · 45 days before the deadline
2007
Annual accounts 2007 filed PDFabbreviated format · 55 days before the deadline
2006
Annual accounts 2006 filed PDFabbreviated format · 51 days before the deadline
2005
Annual accounts 2005 filed PDFabbreviated format
2004
Annual accounts 2004 filed PDFabbreviated format
2003
Annual accounts 2003 filed PDFabbreviated format
2002
Annual accounts 2002 filed PDFabbreviated format
Annual accounts 2001 filed PDFabbreviated format
2001
Annual accounts 2000 filed PDFabbreviated format
1999
Annual accounts 1999 filed PDFabbreviated format
1998
Annual accounts 1997 filed PDFabbreviated format
1997
Annual accounts 1996 filed PDFabbreviated format
1995
First establishment Brusselbaan 75, Affligem
Incorporation published on 20-07-1995

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 1 April 1995, COMITH was incorporated.1 Total assets went from €2.0m in 2018 to €1.4m in 2025 and headcount from 21.3 to 19.9 full-time equivalents.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2025

Company details

Identity

Enterprise number
0455.560.401
VAT number
BE 0455.560.401
Peppol ID
0208:0455560401
Other Peppol ID
9925:BE0455560401
Legal form
Public limited company
Status
Active, normal situation
Founded
01-04-1995
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Friday of June at 17:00
deed of 10-10-2023 (in Dutch)
Peppol
Reachable since 13-01-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
COMITH in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 10-10-2023 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 10-10-2023 (in Dutch)

Activities

NACEBEL 2025
VAT activities
18120 Other printing main activity
Social security (RSZ) activities
Joint committees annual accounts 2025
JC 200 Auxiliary committee for white-collar workers
Codes under NACEBEL 2008
VAT activities
18120 Printing and reproduction of recorded media main activity
47620 Retail trade
70220 Business consulting
Social security (RSZ) activities
18130 Pre-press and pre-media services main activity
Codes under NACEBEL 2003
VAT activities
52470 main activity
74142
Social security (RSZ) activities
22250 main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“De ontwikkeling,commercialisatie,aan- en verkoop van computer hard- en software alsmede het ontwerp,de realisatie en de commercialisatie van…”
8 activities
  1. De ontwikkeling,commercialisatie,aan- en verkoop van computer hard- en software alsmede het ontwerp,de realisatie en de commercialisatie van op computer gebaseerde producten.
  2. De aan- en verkoop van papierwaren,het maken,kopen,verkopen,huren,verhuren,leasen van ontwerpen,zetwerk,desktop-publishing,lay-out,drukwerk en materiaal,kortom de volledige voorbereiding van drukwerk en het uitvoeren van het drukwerk zelf en dit zowel in de vorm van advies als in de vorm van materiële uitvoering.Het daartoe oprichten van een service- en consulting-bureau.
  3. Vertaling.
  4. De organisatie van sportactiviteiten en sportevenementen.
  5. De vennootschap heeft tot voorwerp:project management,trade and special events organisation,het organiseren en coördineren van beurzen,meetings en tentoonstellingen,seminaries en dergelijke.
  6. Het organiseren van voorlichtingsavonden en symposia.
  7. De ondersteuning van software toepassingen en consulting,daarin begrepen opleiding in de ruimste betekenis.
  8. Het aanbieden van een zo ruim mogelijk dienstenpakket,zowel onder de vorm van advies,onderricht,bijstand als uitvoering op het vlak van marketing,publicitair en commercieel beleid,reclameprojecten.
deed of 10-10-2023 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Brusselbaan 77-79 registered office 1790 Affligem
Brusselbaan 75 1790 Affligem 13-07-1995 2.072.336.011

Buildings and parcels at the addresses

Ground area
2,779 m²
Buildings
599 m²
Volume, LiDAR
4,049 m³
Tallest building
12.7 m
Buildings to scale, each on its own parcel
335 m², 12.7 m 263 m², 11.8 m 335 m², 12.7 m 263 m², 11.8 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
23030A0926/00K0001,405 m² 1 · 263 m² 11.8 m · 1
23030A0930/00N0001,374 m² 1 · 335 m² 12.7 m · 3