Equity
€58,068 from €104,355 in 2008
Equity fell by 44% in 17 years.
CommArt International
Lifetime
18 annual accounts with figures on one time axisGross marginpeak €75,098 (2008)
-€4,685▼ €2,908
Resultlowest -€87,779 (2009)
-€5,322▲ €3,058
Equitypeak €104,355 (2008)
€58,068▼ 8.4%
Debts
€148▼ 96.8%
Staffpeak 1.1 FTE (2009)
-not published
Board5 names since 2023
3 directorsDaniël Brouwers and 2 others
Owners2 names in the annual accounts
20.3%BRAINLANE
Documentsfilings and deeds
20-07-202611 days before the deadline
2025abbreviated format
Gross margin from -€1,776 to -€4,685Loss of €5,322Debts from €4,571 to €148
Key points
from the 2025 annual accountsLosses
-€38,900 in four years
Every financial year from 2022 to 2025 closed with a loss. 2023 was the heaviest.
Position in the sector
99.7%
Higher solvency than 95% of companies in wholesale trade. Sector median 42.9% · 9,865 companies.
Turnover not published (abbreviated or micro format)
Checked score
91
Excellent
Financially stronger than 54% of micro companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,896 companies (NACE 46, micro).
About 2 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 12-2024lowest value
02-2025: 0.1%● unchanged vs 01-2025lowest value
03-2025: 0.1%● unchanged vs 02-2025lowest value
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 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.2%▲ +0.1 percentage points vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026highest value
08-2026: 0.2%● unchanged vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Loss of €5,322, the second in a row (financial year 2025)
lowers risk
Liquidity: current ratio 388.95, cash €11,752
Equity €58,068 (99.7% of total assets)
Founded in 2007
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 46, micro). It does better than 90% of them on solvency, 79% on liquidity, 19% on profitability and 28% on growth.
The bankruptcy probability was computed on 04-11-2026 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, 6,908 companies had the same profile as CommArt International has now. Each dot stands for 18 companies, two years later.
90.9%
were still trading
7.8%
stopped another way
1.1%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CommArt International itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,446 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 6,908 companies, not a prediction for CommArt International. 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 €5,000 on 30-day terms is acceptable
Short-term debt is 0.3% and cash 20.2% of total assets. 0.3% 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
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€5,322
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 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 days early
2024
12 days late
2023
4 days early
2022
73 days early
2021
34 days early
2020
31 days early
2019
on the day
← 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 20 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% 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 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- BRAINLANE 20.3%score 66equity €113,532 (2025) · 2025 annual accounts of BRAINLANE
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0892209364
Resignation: Heidi Cardous (class C director)
General meeting of 23-10-2024 · Gazette deed
1 director appointed, 1 resignation, 4 reappointments
Resignation: Steven Van Hoof (class C director) · Appointment: Heidi Cardous (class C director) · Reappointments: Martine Verjans (class A director and chair of the board), Willem Clijsters (class A director and managing director), Daniël Brouwers (class B director) and Heidi Cardous (class C director) · General meeting of 17-05-2024 · Gazette deed
Incorporation
published on 01-10-2007 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| CommArt International Diepenbeek | €58,216 | -€4,685 | 99.7% | - |
| INFORWIN Berchem-Sainte-Agathe | €50,275 | -€3,364 | 80.4% | - |
| OPAGON Houffalize | €43,920 | -€10,345 | 37.7% | - |
| JPPCOMPUTER Seraing | €76,720 | €765 | -55.8% | - |
| MULTIMEDIA CENTER BENELUX Thimister-Clermont | €78,644 | €842 | 60.6% | - |
| INSIGHT DIGITAL FACTORY Ixelles | €41,686 | -€2,201 | 84.4% | - |
| ITFTM Brussels | €39,479 | -€1,783 | 90.7% | - |
These companies have the same main activity as CommArt International: wholesale of information and communication equipment (NACE 46500). They are comparable in size and age: total assets between €39,500 and €78,600, founded between 2005 and 2009.
Official details
Source: KBO- Status
- Active since 21-09-2007Normal situation
- Activity
- Wholesale of information and communication equipmentNACE 46500
- Establishment unit
- 2.166.336.9293590 Diepenbeek, since 21-09-2007
- Financial year end
- 31 December
- Peppol
- Reachable since 13-03-2025
Annual accounts 2025
- Total assets
- €58,216▼ 14.3%
- Filing
- Filed on 20-07-2026, 11 days before the end of the filing period
Insights on CommArt International
CommArt International files the abbreviated format. That format states no turnover. The gross margin fell from €75,098 in 2008 to -€4,685 in 2025.
In October 2024, the Official Gazette published the appointment of Willem Clijsters as managing director.
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 CommArt International
- What is the company number of CommArt International?
- The company number of CommArt International is 0892.209.364. The VAT number is the same number with BE in front: BE 0892.209.364.
- Where is CommArt International based?
- The registered office is at Agoralaan D B.59, 3590 Diepenbeek.Company details
- What does CommArt International do?
- According to the KBO register, the main activity is wholesale of information and communication equipment (NACE 46500).
- What is the legal form of CommArt International?
- CommArt International is a public limited company (NV).
- When was CommArt International founded?
- CommArt International was founded on 21-09-2007.
- Is CommArt International still active?
- Yes, CommArt International is an active enterprise in the KBO register.
- How many employees does CommArt International have?
- CommArt International had an average of 0.5 full-time equivalents in financial year 2020, according to the filed annual accounts.Financials
- What is the turnover of CommArt International?
- The annual accounts for financial year 2025 state no turnover. The abbreviated or micro format does not require it. In financial year 2018 turnover was €0.
- Is CommArt International profitable?
- In financial year 2025, CommArt International made a loss of €5,322.
- Where can I find the annual accounts of CommArt International?
- CommArt International filed 18 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of CommArt International due?
- CommArt International must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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