COMMA,
ActiveSummary
COMMA, has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €526,036 and a net result of €136,125. Equity is growing by ~3.4% per year across the filed fiscal years. Its solvency ranks better than 38% of 1654 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▲+3
Solvency55▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity short (current ratio 0.84 against 0.61 in 2024; short-term debt: 27.3% and cash: 3.5% of total assets), and 70.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
29.8%
Return on assets
7.7%
Age of the figures
9 mo
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: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
26 d late
2024
28 d early
2023
167 d early
2022
157 d early
2021
130 d early
2020
11 d early
2019
41 d late
← 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 61 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% 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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€526,036▲ 34.9%
2024 · €389,911
Total assets
€1.8m▲ 4.4%
2024 · €1.7m
Net result
€136,125▲ 12.0%
2024 · €121,533
Working capital
-€75,399▲ 56.7%
2024 · -€173,962
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€33,876▼ 38.3%€47,321▲ 39.7%€62,664▲ 32.4%€240,210▲ 283%€254,651▲ 6.0%
Net result-€17,469-€2,342▲ 86.6%-€2,433▼ 3.9%€121,533€136,125▲ 12.0%
Equity€273,153▼ 6.0%€270,811▼ 0.9%€268,378▼ 0.9%€389,911▲ 45.3%€526,036▲ 34.9%
Total assets€2.0m▼ 14.5%€1.9m▼ 1.9%€1.9m▼ 3.9%€1.7m▼ 8.6%€1.8m▲ 4.4%
Debt€1.7m▼ 16.0%€1.6m▼ 2.0%€1.5m▼ 4.4%€1.3m▼ 18.1%€1.2m▼ 4.8%
Working capital-€245,683▼ 45.3%-€313,802▼ 27.7%-€263,756▲ 15.9%-€173,962▲ 34.0%-€75,399▲ 56.7%
Staff (FTE)11.9=12.9▲ 8.4%12.7▼ 1.6%10.8▼ 15.0%13.9▲ 28.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 6% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.8m
Fixed assets
€1.4m ▼ 4.5%
Current assets
€406,139 ▲ 51.9%
Equity and liabilities €1.8m
Equity
€526,036 ▲ 34.9%
Provisions
€31,524 ▼ 4.2%
Debt
€1.2m ▼ 4.8%
Debt's share of the balance-sheet total falls from 75.0% to 68.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€352,419▲
2024 · €349,417
Cash flow
€233,894▲
2024 · €230,740
Current ratio
0.84▲
2024 · 0.61
Debt to equity
2.30▼
2024 · 3.25
ROE
25.9%▼
2024 · 31.2%
ROA
7.7%▲
2024 · 7.2%
Interest coverage
6.78▲
2024 · 5.73
Debt ≤ 1 year
€481,538▲
2024 · €441,323
Debt > 1 year
€706,488▼
2024 · €806,493
Income taxes
€69,515▲
2024 · €60,887
Staff costs
€752,565▲
2024 · €597,500
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €0 | - | €452 | €7,067 | ▲ 1,462% |
| Remuneration, social security and pensions62 | - | €629,017 | €663,103 | €597,500 | €752,565 | ▲ 26.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €123,525 | €110,083 | €107,829 | €109,207 | €97,768 | ▼ 10.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €33,990 | €0 | - | - | - |
| Other operating charges640/8 | - | €9,132 | €11,577 | €10,740 | €18,356 | ▲ 70.9% |
| Non-recurring operating charges66A | - | €650 | €23,269 | €685 | €0 | ▼ 100% |
| Gross operating margin9900 | €784,088 | €830,192 | €868,442 | €958,343 | €1.1m | ▲ 17.2% |
| Operating profit (loss)9901 | €33,876 | €47,321 | €62,664 | €240,210 | €254,651 | ▲ 6.0% |
| Financial income75/76B | - | €0 | €452 | €1,791 | €1,576 | ▼ 12.0% |
| Recurring financial income75 | €9,849 | €0 | €452 | €1,791 | €1,576 | ▼ 12.0% |
| Non-recurring financial income76B | - | €0 | - | - | - | - |
| Financial charges65/66B | - | €35,512 | €54,577 | €60,973 | €51,977 | ▼ 14.8% |
| Recurring financial charges65 | €35,541 | €35,512 | €54,577 | €60,973 | €51,977 | ▼ 14.8% |
| Profit (loss) for the period before taxes9903 | €13,341 | €11,809 | €8,538 | €181,029 | €204,250 | ▲ 12.8% |
| Transfer from deferred taxes780 | - | €1,391 | €1,391 | €1,391 | €1,391 | = |
| Income taxes67/77 | €32,200 | €15,542 | €12,362 | €60,887 | €69,515 | ▲ 14.2% |
| Profit (loss) for the period9904 | -€17,469 | -€2,342 | -€2,433 | €121,533 | €136,125 | ▲ 12.0% |
| Transfer from tax-exempt reserves789 | - | €4,172 | €4,172 | €4,172 | €4,172 | = |
| Profit (loss) for the period to be appropriated9905 | -€13,296 | €1,830 | €1,739 | €125,705 | €140,298 | ▲ 11.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.0m | €1.9m | €1.9m | €1.7m | €1.8m | ▲ 4.4% |
| Fixed assets21/28 | €1.7m | €1.6m | €1.5m | €1.4m | €1.4m | ▼ 4.5% |
| Intangible fixed assets21 | €5,909 | €36,898 | €60,135 | €38,640 | €26,544 | ▼ 31.3% |
| Tangible fixed assets22/27 | €1.6m | €1.5m | €1.5m | €1.4m | €1.3m | ▼ 3.8% |
| Land and buildings22 | - | €1.4m | €1.4m | €1.3m | €1.3m | ▼ 3.6% |
| Plant, machinery and equipment23 | - | €64,702 | €51,060 | €43,672 | €38,016 | ▼ 13.0% |
| Furniture and vehicles24 | - | €35,983 | €23,040 | €19,359 | €20,339 | ▲ 5.1% |
| Financial fixed assets28 | €2,055 | €2,055 | €2,055 | €0 | - | - |
| Current assets29/58 | €312,479 | €337,712 | €326,836 | €267,361 | €406,139 | ▲ 51.9% |
| Amounts receivable within one year40/41 | €252,379 | €260,162 | €285,728 | €234,838 | €343,316 | ▲ 46.2% |
| Trade receivables40 | - | €246,020 | €285,728 | €234,417 | €306,921 | ▲ 30.9% |
| Other amounts receivable41 | - | €14,142 | €0 | €421 | €36,396 | ▲ 8,537% |
| Cash at bank and in hand54/58 | - | €5,758 | €3,206 | €2,910 | €61,555 | ▲ 2,015% |
| Deferred charges and accrued income490/1 | - | €71,792 | €37,901 | €29,613 | €1,267 | ▼ 95.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.0m | €1.9m | €1.9m | €1.7m | €1.8m | ▲ 4.4% |
| Equity10/15 | €273,153 | €270,811 | €268,378 | €389,911 | €526,036 | ▲ 34.9% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €255,365 | €252,211 | €248,039 | €370,867 | €507,436 | ▲ 36.8% |
| Non-distributable reserves130/1 | - | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | €0 | - | - | - | - |
| Tax-exempt reserves132 | - | €134,333 | €130,160 | €125,988 | €121,816 | ▼ 3.3% |
| Distributable reserves133 | - | €117,879 | €117,879 | €244,879 | €385,621 | ▲ 57.5% |
| Profit (loss) carried forward14 | -€811 | €0 | €1,739 | €444 | €0 | ▼ 100% |
| Provisions and deferred taxes16 | €37,087 | €35,696 | €34,305 | €32,914 | €31,524 | ▼ 4.2% |
| Deferred taxes168 | - | €35,696 | €34,305 | €32,914 | €31,524 | ▼ 4.2% |
| Amounts payable17/49 | €1.7m | €1.6m | €1.5m | €1.3m | €1.2m | ▼ 4.8% |
| Amounts payable after more than one year17 | €1.1m | €968,361 | €957,456 | €806,493 | €706,488 | ▼ 12.4% |
| Financial debts170/4 | - | €968,361 | €957,456 | €806,493 | €706,488 | ▼ 12.4% |
| Amounts payable within one year42/48 | €558,161 | €651,513 | €590,591 | €441,323 | €481,538 | ▲ 9.1% |
| Current portion of amounts payable after more than one year42 | - | €98,720 | €94,205 | €96,682 | €100,006 | ▲ 3.4% |
| Financial debts43 | - | €93,738 | €76,404 | €36,564 | €95,568 | ▲ 161% |
| Credit institutions430/8 | - | €93,738 | €76,404 | €36,564 | €95,568 | ▲ 161% |
| Trade debts44 | €301,012 | €347,488 | €320,750 | €113,136 | €123,051 | ▲ 8.8% |
| Suppliers440/4 | - | €340,636 | €320,750 | €113,136 | €123,051 | ▲ 8.8% |
| Bills of exchange payable441 | - | €6,852 | €0 | - | - | - |
| Taxes, remuneration and social security45 | - | €111,567 | €98,714 | €145,308 | €162,841 | ▲ 12.1% |
| Taxes450/3 | - | €40,812 | €43,623 | €102,079 | €83,712 | ▼ 18.0% |
| Remuneration and social security454/9 | - | €70,755 | €55,091 | €43,230 | €79,129 | ▲ 83.0% |
| Other amounts payable47/48 | - | €0 | €519 | €49,633 | €71 | ▼ 99.9% |
| Accrued charges and deferred income492/3 | - | - | - | €20,503 | €19,986 | ▼ 2.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€17,469 | -€2,342 | -€2,433 | €121,533 | €136,125 | ▲ 12.0% |
| + Depreciation and write-downs630 | €123,525 | €110,083 | €107,829 | €109,207 | €97,768 | ▼ 10.5% |
| Operating cash flow (approximation) | €106,056 | €107,741 | €105,396 | €230,740 | €233,894 | ▲ 1.4% |
| Investment in fixed assets (approximation) | - | -€47,735 | -€43,055 | -€9,095 | -€33,418 | ▼ 267% |
| Change in cash | - | - | -€2,552 | -€297 | €58,645 | ▲ 19,879% |
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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 26 days late
2025
31-12
Financial
Highest result since 2018net €136,125 ▲12%
Operating result €254,651, net result €136,125, both a record.
31-12
Financial
Equity above €500,000Eq €526,036 ▲34.9%
2 profitable years in a row build equity to €526,036.
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €121,533
Net result €121,533 after 3 loss-making years.
15-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
24-02
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
23-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet -€17,469
Net result drops to -€17,469, the lowest in the series; recovery starts the following year.
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €13,731
Net result €13,731 after one loss-making year.
10-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 41 days late
Show earlier events
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
20-07
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 3 acts read
About the unread acts
We know of 3 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
3 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, Zedelgem · 2 establishment units since 2004
Ground area
1,508 m²
Building footprint
301 m²
Volume, LiDAR
1,826 m³
2 parcels, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
COMMA
since 20042.144.160.353
Office 407
since 20192.335.814.240
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31040D0449/00S000 | Flanders | 772 m² | 1 · 133 m² | 7.6 m · 2 fl. |
| 31036F0266/00S000 | Flanders | 736 m² | 1 · 168 m² | 9.5 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 6 entries · 18,574 EUR awarded · 18,463 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,140 EUR | 1,029 EUR |
| 2024 | 1 | 1,402 EUR | 1,402 EUR |
| 2023 | 2 | 1,532 EUR | 1,532 EUR |
| 2022 | 2 | 14,500 EUR | 14,500 EUR |
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Of 9,862 companies in sector 73110 we hold annual accounts for 3,752. 2,113 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded30-11-2004
Fiscal year end31-12
Trade name NL
COMMA, BRAND STRATEGISTS
Activities, NACEBEL 2025
73110Advertising agencies
70200Business and other management consultancy
82990Other business support services
Contact
Website
www.brandstrategists.be
E-mail
info@brandstrategists.be
Scores and ratios are computed by Checked and are not a credit decision.