COMPEX
ActiveSummary
COMPEX has been active since 1963 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.5m and a net result of €268,743, of which €345,485 non-recurring income. Equity remains stable across the filed financial years (±1.8% per year). Its solvency ranks better than 88% of 17,033 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Staff
- 1 FTE
- Equity
- €1.5m
- Profit
- €268,743
Why 96raises riskFigures for financial year 2025 (filed 06-11-2025)lowers riskEquity €1.5m (84.2% of total assets)Founded in 1963Size: total assets €1.8mShow the evidence
Checked score
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 68, micro): better than 91% on solvency, 73% on liquidity, 84% on profitability and 76% on growth.
The bankruptcy probability was computed on 25-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 14 days after the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Resignation: Veronique Daenen (director)Director discharge
Financials · financial year 2025, micro format
2025 annual accounts filed late (6 days) Filed on 6 November 2025, deadline 31 October 2025 (7 months after the close on 31 March 2025, Companies Code art. 3:10). Source: NBB, 2025-00563367.
2020 to 2025, 5 financial years 2018 to 2025, 7 financial years
The operating result falls in 2025; 2025 is 65% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
- 2025 Net result -59% on 2024. Partial demerger to HELIX INVEST, Official Gazette 16-05-2024. The previous financial year ran 15 months, this one 12.
- 2021 Net result +1,017% on 2020. The accounts now follow the micro format, last year the abbreviated format.
Peer companies
Historical observationOf the 31,373 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93.5% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,373 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0.3m | €0.05m | €1.0m | €0.3m | ▼ 66.2% |
| Remuneration, social security and pensions62 | - | - | - | €0.04m | €0.04m | €0.06m | €0.05m | ▼ 16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.2m | €0.1m | €0.1m | €0.1m | €0.1m | €0.08m | €0.03m | ▼ 61.0% |
| Other operating charges640/8 | - | - | - | €0.04m | €0.04m | €0.05m | €0.03m | ▼ 47.7% |
| Non-recurring operating charges66A | - | - | - | - | - | €0.02m | €0 | ▼ 100% |
| Gross operating margin9900 | €0.3m | €0.2m | €0.3m | €0.5m | €0.2m | €1.1m | €0.4m | ▼ 62.3% |
| Operating profit (loss)9901 | €0.1m | €0.02m | €0.04m | €0.3m | -€0.03m | €0.9m | €0.3m | ▼ 65.4% |
| Financial income75/76B | - | - | - | €0 | €0 | €0.009m | €0.02m | ▲ 95.4% |
| Recurring financial income75 | €73 | €0 | €0.001m | €0 | €0 | €0.009m | €0.02m | ▲ 95.4% |
| Financial charges65/66B | - | - | - | €0.02m | €0.01m | €0.006m | €0.002m | ▼ 75.2% |
| Recurring financial charges65 | €0.03m | €0.03m | €0.02m | €0.02m | €0.01m | €0.006m | €0.002m | ▼ 75.2% |
| Profit (loss) for the period before taxes9903 | €0.07m | -€0.009m | €0.02m | €0.3m | -€0.04m | €0.9m | €0.3m | ▼ 63.6% |
| Transfer from deferred taxes780 | - | - | - | €0.006m | €0.007m | €0.004m | €0.008m | ▲ 132% |
| Transfer to deferred taxes680 | - | - | - | €0.07m | €0 | €0.2m | €0.05m | ▼ 75.0% |
| Income taxes67/77 | €0 | €0 | €0 | €0.001m | €0 | - | - | - |
| Profit (loss) for the period9904 | €0.06m | -€0.003m | €0.02m | €0.3m | -€0.04m | €0.7m | €0.3m | ▼ 59.0% |
| Transfer from tax-exempt reserves789 | - | - | - | €0.02m | €0.03m | €0.01m | €0.03m | ▲ 132% |
| Transfer to tax-exempt reserves689 | - | - | - | €0.3m | €0 | €0.8m | €0.2m | ▼ 75.0% |
| Profit (loss) for the period to be appropriated9905 | -€157 | €0.02m | €0.04m | €0.01m | -€0.007m | -€0.1m | €0.1m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €2.2m | €2.1m | €2.0m | €2.2m | €2.3m | €1.5m | €1.8m | ▲ 21.1% |
| Fixed assets21/28 | €2.0m | €1.9m | €1.9m | €1.8m | €1.7m | €0.5m | €1.6m | ▲ 195% |
| Tangible fixed assets22/27 | €2.0m | €1.9m | €1.9m | €1.8m | €1.7m | €0.5m | €1.6m | ▲ 194% |
| Land and buildings22 | - | - | - | €1.8m | €1.7m | €0.5m | €1.6m | ▲ 194% |
| Plant, machinery and equipment23 | - | - | - | €0.006m | €0.005m | €0 | - | - |
| Financial fixed assets28 | - | - | - | - | - | - | €0.005m | - |
| Current assets29/58 | €0.2m | €0.1m | €0.1m | €0.4m | €0.6m | €0.9m | €0.2m | ▼ 81.0% |
| Amounts receivable within one year40/41 | €0.01m | €0.02m | €327 | €0.004m | €0.2m | €0.03m | €0.01m | ▼ 55.7% |
| Trade receivables40 | - | - | - | - | €0.2m | €0.002m | €0.001m | ▼ 72.6% |
| Other amounts receivable41 | - | - | - | €0.004m | €0.001m | €0.03m | €0.01m | ▼ 54.7% |
| Current investments50/53 | - | - | - | - | - | €0.7m | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €0.1m | €0.1m | €0.1m | €0.4m | €0.4m | €0.2m | €0.2m | ▼ 12.3% |
| Deferred charges and accrued income490/1 | - | - | - | €0.005m | €0.005m | €0.003m | €0 | ▼ 100% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €2.2m | €2.1m | €2.0m | €2.2m | €2.3m | €1.5m | €1.8m | ▲ 21.1% |
| Equity10/15 | €1.3m | €1.3m | €1.3m | €1.6m | €1.5m | €1.2m | €1.5m | ▲ 22.1% |
| Contributions10/11 | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | €0.4m | €0.4m | = |
| Capital10 | - | - | - | €0.9m | €0.9m | €0.4m | €0.4m | = |
| Issued capital100 | - | - | - | €0.9m | €0.9m | €0.4m | €0.4m | = |
| Reserves13 | €0.5m | €0.5m | €0.4m | €0.7m | €0.6m | €0.9m | €1.1m | ▲ 18.0% |
| Non-distributable reserves130/1 | - | - | - | €0.07m | €0.07m | €0.05m | €0.05m | = |
| Legal reserve130 | - | - | - | €0.07m | €0.07m | €0.05m | €0.05m | = |
| Tax-exempt reserves132 | - | - | - | €0.6m | €0.6m | €0.9m | €1.0m | ▲ 19.1% |
| Distributable reserves133 | - | - | - | €0.01m | €0.01m | €0.005m | €0.005m | = |
| Profit (loss) carried forward14 | -€0.06m | -€0.04m | €0.006m | €0.006m | -€0.001m | -€0.1m | -€0.03m | ▲ 77.8% |
| Provisions and deferred taxes16 | €0.1m | €0.09m | €0.09m | €0.1m | €0.1m | €0.2m | €0.3m | ▲ 19.2% |
| Deferred taxes168 | - | - | - | €0.1m | €0.1m | €0.2m | €0.3m | ▲ 19.2% |
| Amounts payable17/49 | €0.8m | €0.7m | €0.6m | €0.5m | €0.6m | €0.02m | €0.02m | ▼ 13.5% |
| Amounts payable after more than one year17 | €0.6m | €0.6m | €0.5m | €0.4m | €0.3m | €0 | - | - |
| Financial debts170/4 | - | - | - | €0.4m | €0.3m | €0 | - | - |
| Amounts payable within one year42/48 | €0.1m | €0.07m | €0.08m | €0.08m | €0.3m | €0.02m | €0.02m | ▼ 13.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.05m | €0.05m | €0 | - | - |
| Trade debts44 | €0.002m | €0.003m | €0.007m | €0.002m | €0.2m | €0.01m | €0.01m | ▼ 5.4% |
| Suppliers440/4 | - | - | - | €0.002m | €0.2m | €0.01m | €0.01m | ▼ 5.4% |
| Taxes, remuneration and social security45 | - | - | - | €0.006m | €0.008m | €0.008m | €0.006m | ▼ 24.4% |
| Taxes450/3 | - | - | - | €0.001m | €0.001m | €0 | - | - |
| Remuneration and social security454/9 | - | - | - | €0.005m | €0.007m | €0.008m | €0.006m | ▼ 24.4% |
| Other amounts payable47/48 | - | - | - | €0.02m | €0.02m | €0.001m | €362 | ▼ 39.7% |
| Accrued charges and deferred income492/3 | - | - | - | €0.004m | €0.002m | €0 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.06m | -€0.003m | €0.02m | €0.3m | -€0.04m | €0.7m | €0.3m | ▼ 59.0% |
| + Depreciation and write-downs630 | €0.2m | €0.1m | €0.1m | €0.1m | €0.1m | €0.08m | €0.03m | ▼ 61.0% |
| Operating cash flow (approximation) | €0.2m | €0.1m | €0.1m | €0.4m | €0.08m | €0.7m | €0.3m | ▼ 59.2% |
| Investment in fixed assets (approximation) | - | -€0.03m | -€0.09m | -€0.01m | -€0.02m | - | -€1.1m | - |
| Change in cash | - | €0.002m | -€0.02m | €0.3m | -€0.008m | - | -€0.02m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 48 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-03-2025 | micro format | 06-11-2025 | 2025-00563367 |
| 31-03-2024 | micro format | 12-03-2025 | 2025-00046828 |
| 31-12-2022 | micro format | 27-07-2023 | 2023-00284363 |
| 31-12-2021 | micro format | 01-08-2022 | 2022-20264912 |
| 31-12-2020 | abbreviated format | 07-07-2021 | 2021-33100074 |
| 31-12-2019 | abbreviated format | 30-07-2020 | 2020-37900002 |
| 31-12-2018 | abbreviated format | 22-07-2019 | 2019-36100155 |
| 31-12-2017 | abbreviated format | 06-07-2018 | 2018-30700132 |
| 31-12-2016 | abbreviated format | 20-07-2017 | 2017-35400291 |
| 31-12-2015 | abbreviated format | 20-07-2016 | 2016-34500114 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Veronique Daenen |
|
Owners and capital
Capital and shareholders
- 16-05-2024 Capital reduction of €450,930 · to €420,070 · in a demerger
- 22-12-2023 Capital stated in the deed · €871,000 · 101,193 shares
Group and network
Connections & network
No directors read yet: 3 of 11 Gazette acts processed.
Acquisitions and mergers
1 transactionHistory
Acts, filings and financial milestones
27-05
Gazette deed
Resignation: Veronique Daenen (director)Director discharge3 facts ▸
- General meeting, 31-01-2024
- Director resignation, Veronique Daenen
- Director discharge, Veronique Daenen
16-05
Gazette deed
Capital & shares · Amendment of the articles · Resignations & appointments · RestructuringResignation: DAENEN Veronique (director) · Demerger · Capital decrease10 facts ▸
- General meeting, 31-01-2024
- Demerger, “partiële splitsing door oprichting, evenredig aan aandeel in eigen vermogen” (deed in Dutch)
- Other provision, “kosteloos afschrift voor aandeelhouders, kennisname en bespreking splitsingsvoorstel” (deed in Dutch)
- Other provision, “uitdrukkelijke stemming in algemene vergadering, stemming over toepassing artikel 12:81 WVV” (deed in Dutch)
- Other provision, “afstand verslagen over splitsingsvoorstel, artikelen 12:77 en 12:78 WVV” (deed in Dutch)
- Other provision, “verzaking informatieplicht en tussentijdse cijfers, artikel 12:79 WVV en artikel 12:80 §2,5°” (deed in Dutch)
- Capital decrease, €450,930
- Accounting effect, 01-07-2023
- Director resignation, DAENEN Veronique (director)
- Amendment of the articles, 4
22-12
Gazette deed
RestructuringShare issue · Accounting effect · Real estate20 facts ▸
- Share issue, “op naam”, 101193 (deed in Dutch)
- Other provision, “winstdeelname nieuwe aandelen”, 101193 (deed in Dutch)
- Accounting effect, 01-07-2023
- Other provision, “moment partiële splitsing, bijzondere rechten en andere effecten” (deed in Dutch)
- Other provision, “revisorale verslaggeving en bezoldiging, aandelen Verkrijgende Vennootschap evenredig aan rechten in kapitaal Overdragende vennootschap” (deed in Dutch)
- Other provision, “bijzonder voordeel bestuursorganen” (deed in Dutch)
- Other provision, “bodemdecreet af te splitsen onroerend goed, Decreet 2006-10-27 bodemsanering en bodembescherming” (deed in Dutch)
- Real estate, “bijlage 1, woning” (deed in Dutch)
- Real estate, “37a12ca, 1074MP0046” (deed in Dutch)
- Real estate, “geen aanwijzingen risicogrond, geen gebruiksadviezen of gebruiksbeperkingen” (deed in Dutch) (2 times)
- Real estate, “risicogrond-risico-inrichting aanwezig is of was, OVAM” (deed in Dutch)
- Real estate, “geen aanwijzingen risicogrond, bijlage 4” (deed in Dutch)
- +8 further facts in this act
Show earlier events
About the unread acts
Of the 11 Belgian Official Gazette deeds we know for this company, 3 have been read. The other 8 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 25 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
2 establishment units
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 71016I1411/00L007 | Flanders | 392 m² | 1 · 295 m² | 22.3 m · 7 |
| 71022H0263/00D000 | Flanders | 291 m² | 1 · 249 m² | 19.0 m · 5 |
How the parcels are linked
Articles of association
- PurposeThe activities the company may carry out under its articles.
- “1/ Onderneming in onroerende goederen, welke onder meer omvat: De verwerving, de vervreemding, het beheer, de uitbating, de valorisatie, de…” (deed in Dutch)
11 activities (deed in Dutch)
- 1/ Onderneming in onroerende goederen, welke onder meer omvat: De verwerving, de vervreemding, het beheer, de uitbating, de valorisatie, de verkaveling, de ordening, de huur en de verhuur, het doen bouwen en verbouwen, de procuratie en het makelen in onroerende goederen, evenals alle welkdanige onroerende verhandelingen in de meest brede zin, met inbegrip van de onroerende leasing.
- 2/ De agentuur bij het afsluiten van verzekeringen, hypotheken, financieringen en projectontwikkeling.
- 3/ Onderneming voor het beheer van beleggingen en vermogens.
- 4/ De participatie, onder welke vorm het ook zij, in de oprichting, ontwikkeling, omvorming en controle van alle ondernemingen, Belgische of buitenlandse, commerciële, financiële, industriële of andere; de verwerving van eender welke titels of rechten door middel van participatie, inbreng, onderschrijving, koop of vaste levering of aankoopoptie, verhandeling of op iedere andere wijze.
- 5/ Het aangaan van leningen en kredietopeningen; het toestaan van leningen en kredietopeningen aan rechtspersonen en ondernemingen of particulieren, onder om het even weike vorm; in de meest ruime zin alle handels- en financiële operaties verrichten behalve die wettelijk voorbehouden zijn aan krediet- en/of andere financiêle instellingen.
- 6/ Het verlenen van adviezen van financiële, technische, commerciële of administratieve aard; in de ruimste zin, met uitzondering van adviezen inzake beleggingen en geldplaatsingen; bijstand en diensten verlenen rechtstreeks of onrechtstreeks op het vlak van administratie en financiën, verkoop, productie en algemeen bestuur
- 7/ Het ontwikkelen, kopen, verkopen, in licentie nemen of geven van octrooien, knowhow en aanverwante immateriële duurzame activa.
- 8/ Het verlenen van administratieve prestaties en computerservices.
- 9/ De aan- en verkoop, in- en uitvoer, commissiehandel en vertegenwoordiging van om het even welke goederen, tussenpersoon in de handel
- 10/ Het stellen van zakelijke of persoonlijke zekerheden in de meest ruime zin.
- 11/ Het beheer van roerend vermogen.
Read from the deeds: 1 provision, deed of 22-12-2023