Active BE 0894.922.196Private limited company

COMODO ARCHITECTEN

Roeselbergdal 34 ·3012 Leuven, Belgium· 18 yrs active

Sector: Activities of building architects (71111)

Conclusion Checked

COMODO ARCHITECTEN has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €302k and a net result of €67k. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 40% of 9197 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Based on the State Gazette, CBE and 5 annual accounts.

Key figures

Equity	€302k
Net result	€67k
Better than sector	40%
Active	18 yrs

Financial profile 5 of 5 axes measured · computed by Checked

90 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 94

Profitability 100

Solvency 77

Growth 78

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.2% Very low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Established

Founded in 2007, 18 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2025 · computed

94 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

€30k

estimate, not credit advice

Score history

68 2021

94 2022

83 2023

91 2024

94 2025

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 1.52 (≥ 1.5) +10

Quick ratio Quick ratio 1.52 (≥ 1.0) +5

Leverage Debt/equity 1.30 (< 2.0) +3

Profitability ROE 22% (≥ 10%) +10

Interest coverage Interest coverage 27.9× (≥ 3×) +8

Profit trend Net profit up YoY +5

Equity growth Equity growing YoY +3

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview18 NBB filings

Annual accounts filed on 11-06-2026 with the NBB · fiscal year 2025 · micro schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Net result: growth of ~42.3%/year over 5 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 71, Architectural and engineering activities; technical testing and analysis · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	43.6%	54.7%	better than 40% of 9197 sector peers
Net result	€67k	€17k	better than 85% of 9199 sector peers
Equity	€302k	€67k	better than 88% of 9201 sector peers
Gross operating margin	€127k	€40k	better than 85% of 9189 sector peers
Staff costs	€4k	€33k	higher than 28% of 1739 sector peers

EBITDA

€119k

+40.7% 21-25

Net profit

€67k

+66.4% 21-25

Cash flow

€88k

+49.0% 21-25

Total assets

€693k

+33.8% 21-25

Equity

€302k

+28.4% 21-25

Working capital

€178k

+42.0% 21-25

Employees (FTE)

1

-60.0% 21-25

Staff costs

€4k

-86.5% 21-25

Income taxes

€27k

+40.8% 21-25

Dividends

€70k

+12.9% 21-25

Debt

€391k

+38.4% 21-25

Debt ≤ 1y

€342k

+59.2% 21-25

Debt > 1y

€49k

-27.9% 21-25

Current ratio

1.52

-4.0% 21-25

Quick ratio

1.52

-4.0% 21-25

Solvency

43.6%

-4.1% 21-25

Debt / equity

1.30

+7.8% 21-25

ROE

22.1%

+29.6% 21-25

ROA

9.6%

+24.3% 21-25

Interest coverage

27.86

+110.4% 21-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025	2024	2023	2022	2021
Deposit	micro schema	micro schema	micro schema	micro schema	micro schema
Revenue	-	-	-	-	-
EBITDA	€119k	€84k	€71k	€110k	€20k
Net profit	€67k	€40k	€29k	€59k	€-7k
Cash flow	€88k	€59k	€50k	€79k	€11k
Staff costs	€4k	€27k	€65k	€40k	€40k
Income taxes	€27k	€19k	€14k	€24k	€167
Dividends	-	€70k	€62k	€50k	€178k
Total assets	€693k	€518k	€593k	€629k	€575k
Equity	€302k	€235k	€265k	€298k	€289k
Debt	€391k	€283k	€328k	€331k	€286k
of which ≤ 1y	€342k	€215k	€260k	€243k	€188k
of which > 1y	€49k	€68k	€68k	€88k	€97k
Working capital	€178k	€126k	€136k	€168k	€166k
Employees (FTE)	-	0.6	1.5	1.0	1.0

Ratios (computed)

	2025	2024	2023	2022	2021
Current ratio	1.52	1.58	1.52	1.69	1.88
Quick ratio	1.52	1.58	1.52	1.69	1.88
Working capital ratio	25.7%	24.2%	23.0%	26.7%	28.9%
Solvency	43.6%	45.4%	44.7%	47.4%	50.3%
Debt / equity	1.30	1.20	1.24	1.11	0.99
Long-term debt ratio	0.16	0.29	0.26	0.29	0.34
Interest coverage	27.86	13.24	10.43	14.36	2.34
Gross margin	-	-	-	-	-
Net margin	-	-	-	-	-
ROA	9.6%	7.7%	4.9%	9.3%	-1.2%
ROE	22.1%	17.0%	11.0%	19.7%	-2.5%
EBITDA margin	-	-	-	-	-
Days sales outstanding	-	-	-	-	-
Days payable outstanding	-	-	-	-	-
Inventory turnover	-	-	-	-	-
Days inventory (DSI)	-	-	-	-	-

Balance-sheet composition 2025

Assets

Fixed assets €172k · 24.9% Current assets €521k · 75.1%

Equity & liabilities

Equity €302k · 43.6% Debt €391k · 56.4%

Full annual accounts (24 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024	2023	2022	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€693k	€518k	€593k	€629k	€575k
Fixed assets	21/28	€172k	€177k	€196k	€217k	€221k
Tangible fixed assets	22/27	€171k	€176k	€195k	€216k	€220k
Financial fixed assets	28	€1k	€1k	€1k	€1k	€1k
Current assets	29/58	€521k	€341k	€397k	€411k	€354k
Amounts receivable within one year	40/41	€332k	€259k	€329k	€219k	€157k
Cash & bank	54/58	€153k	€78k	€67k	€173k	€186k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€693k	€518k	€593k	€629k	€575k
Equity	10/15	€302k	€235k	€265k	€298k	€289k
Contributions / capital	10/11	€19k	€19k	€19k	€19k	€19k
Reserves	13	€283k	€217k	€246k	€279k	€278k
Accumulated profits (losses)	14	-	-	-	-	€-7k
Amounts payable	17/49	€391k	€283k	€328k	€331k	€286k
Amounts payable after one year	17	€49k	€68k	€68k	€88k	€97k
Amounts payable within one year	42/48	€342k	€215k	€260k	€243k	€188k
Trade debts payable within one year	44	€130k	€37k	€35k	€95k	€68k
Income statement
Gross operating margin	9900	€127k	€113k	€118k	€154k	€64k
Operating result	9901	€97k	€65k	€50k	€90k	€1k
Financial income	75	€438	€131	€202	€0	€6
Financial charges	65	€4k	€6k	€7k	€8k	€8k
Result before taxes	9903	€93k	€59k	€43k	€82k	€-7k
Income taxes	67/77	€27k	€19k	€14k	€24k	€167
Net result for the period	9904	€67k	€40k	€29k	€59k	€-7k
Result to be appropriated	9905	€67k	€40k	€29k	€59k	€-7k

Directors & mandates 2 directors

Former directors (2)

BOSMANS Leentje Maria Gusta
Director
State Gazette act 23318815 (02-03-2023)

Former
- → 28-02-2023
VIVATHANAVEJ Kiri
Director
State Gazette act 23318815 (02-03-2023)

Former
- → 28-02-2023

Legal Structure

NACE primary	Activities of building architects(71111)
Legal form	Private limited company(610)
Incorporation	28-12-2007
Status	Active
Postal code	3012

Establishment units 1 location

Halvestraat 8, 3000 Leuven

Activities of building architects

since 20082.276.057.290

Real-estate footprint Source: CBE × cadastre

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
24126D0390/00E003	Flanders	1,603 m²	1 · 138 m²	7.0 m · 2 fl.
24505F0466/00Y000	Flanders	1,026 m²	1 · 875 m²	20.2 m · 5 fl.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 11 events

All 13Financial 2Gazette 1Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

11-06

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

31-12

Financial Highest result since 2021net €67k ▲66.4%

Operating result €97k, net result €67k, both a record.

24-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

03-04

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

02-03

State Gazette act Director changes

Carl Maere

28-02

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Back to profitnet €59k

Net result €59k after one loss-making year.

24-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 24 days late

2021

31-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 31 days late

2020

12-06

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

26-06

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

14-06

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2017

27-07

NBB filing Annual accounts filed

fiscal year 2016 · micro schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 2 acts read

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 3 years ago

2023

02-03-2023 2 resigning, 2 reappointed Director changes·Carl Maere

VIVATHANAVEJ Kiri, Bestuurder
BOSMANS Leentje Maria Gusta, Bestuurder
VIVATHANAVEJ Kiri, Bestuurder
BOSMANS Leentje Maria Gusta, Bestuurder

Notary: Carl Maere · Leuven

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Activities of building architects71111Engineering and related technical consultancy, excluding land surveyors71121

Names & trade names

Legal nameNL

COMODO ARCHITECTEN

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