Equity
€526,036 ▲ 34.9%
Equity rose in 2025 from €389,911 to €526,036.
COMMA,
Lifetime
20 annual accounts with figures on one time axis, 21 filings since 2005peak €1.1m (2025)
€1.1m▲ 17.2%
lowest -€42,806 (2007)
€136,125▲ 12.0%
peak €526,036 (2025)
€526,036▲ 34.9%
€1.2m▼ 4.8%
peak 13.9 FTE (2025)
13.9 FTE▲ 28.7%
Board3 names since 2022
1 directorExpert Center Daenens
Documentsfilings and deeds
26-08-202626 days late
2025abbreviated format
Gross margin from €958,343 to €1.1mStaff from 10.8 FTE to 13.9 FTERegistered office moved within Zedelgem 24-04Equity from €389,911 to €526,036Cash from €2,910 to €61,555
Key points
from the 2025 annual accountsTurnover
≈ €1.9m estimated
The abbreviated format states no turnover.
Securities
€800,000
Mortgage mandates, new in 2025. 1.5 times equity · not in the 2024 accounts.
Staff
16 employees on 31-12-2025
In 2025, 12 people joined and 6 left.
Filings
21 annual accounts since 2005
Four of the last ten came late. The 2019 accounts came latest: 41 days after the end of the period.
Position in the sector
€136,125
Higher net result than 83% of companies in advertising and market research. Sector median €16,334 · 2,093 companies.
Checked score
71
Healthy
Financially stronger than 58% of small companies in advertising and market research (NACE 73)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 722 companies (NACE 73, small).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.2%
01-2025: 1.2%● unchanged vs 12-2024
02-2025: 1.2%● unchanged vs 01-2025
03-2025: 1.2%● unchanged vs 02-2025
04-2025: 1.2%● unchanged vs 03-2025
05-2025: 2.0%▲ +0.8 percentage points vs 04-2025
06-2025: 1.9%▼ -0.1 percentage points vs 05-2025
07-2025: 2.1%▲ +0.2 percentage points vs 06-2025highest value
08-2025: 1.0%▼ -1.1 percentage points vs 07-2025
09-2025: 1.0%● unchanged vs 08-2025
10-2025: 1.0%● unchanged vs 09-2025
11-2025: 1.0%● unchanged vs 10-2025
12-2025: 1.0%● unchanged vs 11-2025
01-2026: 1.0%● unchanged vs 12-2025
02-2026: 1.0%● unchanged vs 01-2026
03-2026: 1.0%● unchanged vs 02-2026
04-2026: 1.1%▲ +0.1 percentage points vs 03-2026
05-2026: 1.1%● unchanged vs 04-2026
06-2026: 1.1%● unchanged vs 05-2026
07-2026: 1.1%● unchanged vs 06-2026
08-2026: 1.7%▲ +0.6 percentage points vs 07-2026
09-2026: 0.6%▼ -1.1 percentage points vs 08-2026lowest value
10-2026: 0.6%● unchanged vs 09-2026lowest value
11-2026: 0.6%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
1 change of registered office in 24 months
Liquidity: current ratio 0.84, cash €61,555
lowers risk
Figures for financial year 2025 (filed on 26-08-2026)
Profit of €136,125 (financial year 2025)
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 73, small). It does better than 35% of them on solvency, 36% on liquidity, 76% on profitability and 85% 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 low class on 30-06-2025, 0.8% 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, 2,613 companies had the same profile as COMMA, has now. Each dot stands for 7 companies, two years later.
97.3%
were still trading
2.0%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of COMMA, itself: 0.6% 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.
| 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 2,613 companies, not a prediction for COMMA,. 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 €35,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.84 (0.61 in 2024), below 1. Short-term debt is 27.3% and cash 3.5% of total assets. 70.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
26 days late
2024
28 days early
2023
167 days early
2022
157 days early
2021
130 days early
2020
11 days early
2019
41 days late
← 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 61 days before the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% 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 23 March (4 of the last 5 accounts filed within 102 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered office moved within Zedelgem
New registered office: Torhoutsesteenweg 411, 8210 Zedelgem · Previous registered office: Torhoutsesteenweg 409, 8210 Zedelgem · Resignations: Wouter Casteleyn (director) and Greetje Demuelenaere (director) · General meeting of 10-04-2025 · Gazette deed
Purpose change · Amendment of the articles
“Het verlenen van diensten in of gerelateerd aan de marketing en communicatiesector,informatica en…” (deed in Dutch) · Gazette deed
Purpose change · Amendment of the articles · Legal-form change · Resignations & appointments
Changes of role: DEMUELENAERE Greetje Lucrèce Marcella (director) and CASTELEYN Wouter Emiel Lodewijk (director) · “Het verlenen van diensten in of gerelateerd aan de marketing en communicatiesector,informatica- en (tele)…” (deed in Dutch) · General meeting of 29-04-2022 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0870268954
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| COMMA, Zedelgem | €1.8m | €1.1m | 29.8% | 13.9 |
| ATYPIC Ottignies-Louvain-la-Neuve | €1.8m | €1.0m | 46.8% | 12.9 |
| SKINN Bruges | €1.4m | €1.2m | 21.1% | 11.4 |
| Reflecta Graphics Izegem | €1.7m | €0.9m | 35.1% | 10.2 |
| PLUG Roeselare | €1.3m | €0.9m | 79.8% | 12.2 |
| D'ARTAGNAN CONCEPTUAL COMMUNICATION Bruges | €1.5m | €1.4m | 12.3% | 17.5 |
| PUBLIPRINT VAN HOLLEBEKE Torhout | €2.3m | €1.2m | 11.1% | 15.5 |
These companies have the same main activity as COMMA,: advertising agencies (NACE 73110). They are comparable in size and age: total assets between €1.3m and €2.3m, founded between 1996 and 2006.
Official details
Source: KBO- Status
- Active since 30-11-2004Normal situation
- Activity
- Advertising agenciesNACE 73110and 2 others
- Joint committees
- 200Auxiliary committee for white-collar workers
- 100Auxiliary committee for blue-collar workers · annual accounts 2024
- Establishment units
- 2.144.160.3538210 Zedelgem, since 21-12-2004
- 2.335.814.2408210 Zedelgem, since 01-07-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 20-11-2020
Annual accounts 2025
- €1.8m▲ 4.4%
- Employeeson 31-12-2025
- 16▲ 60.0%
- Filing
- Filed on 26-08-2026
Insights on COMMA,
COMMA, files the abbreviated format. That format states no turnover. The gross margin rose from €64,640 in 2006 to €1.1m in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about COMMA,
- What is the company number of COMMA,?
- The company number of COMMA, is 0870.268.954. The VAT number is the same number with BE in front: BE 0870.268.954.
- Where is COMMA, based?
- The registered office is at Torhoutsesteenweg 411, 8210 Zedelgem.Company details
- What does COMMA, do?
- According to the KBO register, the main activity is advertising agencies (NACE 73110).
- What is the legal form of COMMA,?
- COMMA, is a private limited company (BV).
- When was COMMA, founded?
- COMMA, was founded on 30-11-2004.
- Is COMMA, still active?
- Yes, COMMA, is an active enterprise in the KBO register.
- How many employees does COMMA, have?
- COMMA, had an average of 13.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does COMMA, fall under?
- In its 2024 annual accounts, COMMA, states joint committees 200 (Auxiliary committee for white-collar workers) and 100 (Auxiliary committee for blue-collar workers).
- What is the turnover of COMMA,?
- The turnover in financial year 2025 is ≈ €1.9m. This figure is estimated from the gross margin of €1.1m and 1,585 comparable companies of the same size. It probably lies between €1.3m and €3.2m. It is a rough estimate.
- Is COMMA, profitable?
- In financial year 2025, COMMA, made a profit of €136,125.
- Where can I find the annual accounts of COMMA,?
- COMMA, filed 21 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of COMMA, due?
- COMMA, must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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