Comptabilité Contracts Management
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 12-05-2026 PDF all 36 filings
Turnover
≈ €95,000
Estimated: probably between €47,000 and €300,000
EBIT margin
Not included in this filing
Net result
-€554
2024 · €31,246
Working capital
€70,581▲ 10.6%
2024 · €63,820
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€6,196
▼ 83.9%
2025
20182025
Net result
-€554
2025
middle half of the sector
20182025
Equity
€97,648
▼ 0.6%
2025
middle half of the sector
20182025
Total assets
€137,410
▼ 12.2%
2025
middle half of the sector
20182025
Debt
€39,762
▼ 31.8%
2025
20182025
Working capital
€70,581
▲ 10.6%
2025
middle half of the sector
20182025
Solvency
71.1%
▲ 8.3pp
2025
highest quarter of the sector
20182025
Current ratio
3.52
▲ 0.96
2025
highest quarter of the sector
20182025
Return on assets (ROA)
-0.4%
▼ 20.4pp
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€19,505-€15,982▼ 18.1%€13,218▼ 17.3%€12,761▼ 3.5%€29,386▲ 130%€36,317▲ 23.6%€38,411▲ 5.8%€6,196▼ 83.9%
Net result€15,091-€15,906▲ 5.4%€12,136within the sector's middle half▼ 23.7%€9,888within the sector's middle half▼ 18.5%€24,583within the sector's middle half▲ 149%€29,857within the sector's middle half▲ 21.5%€31,246above the sector's middle half▲ 4.7%-€554within the sector's middle half
Equity€33,586-€39,492▲ 17.6%€45,628below the sector's middle half▲ 15.5%€55,516below the sector's middle half▲ 21.7%€72,099within the sector's middle half▲ 29.9%€87,956within the sector's middle half▲ 22.0%€98,202within the sector's middle half▲ 11.6%€97,648within the sector's middle half▼ 0.6%
Total assets€41,542-€46,180▲ 11.2%€61,643below the sector's middle half▲ 33.5%€63,002below the sector's middle half▲ 2.2%€86,457below the sector's middle half▲ 37.2%€143,140below the sector's middle half▲ 65.6%€156,533within the sector's middle half▲ 9.4%€137,410within the sector's middle half▼ 12.2%
Debt€7,956-€6,688▼ 15.9%€16,015▲ 139%€7,486▼ 53.3%€14,358▲ 91.8%€55,183▲ 284%€58,331▲ 5.7%€39,762▼ 31.8%
Working capital€32,649-€36,556▲ 12.0%€40,250within the sector's middle half▲ 10.1%€52,059within the sector's middle half▲ 29.3%€69,746within the sector's middle half▲ 34.0%€84,976within the sector's middle half▲ 21.8%€63,820within the sector's middle half▼ 24.9%€70,581within the sector's middle half▲ 10.6%
Solvency80.8%-85.5%▲ 4.7pp74.0%above the sector's middle half▼ 11.5pp88.1%above the sector's middle half▲ 14.1pp83.4%above the sector's middle half▼ 4.7pp61.4%within the sector's middle half▼ 21.9pp62.7%within the sector's middle half▲ 1.3pp71.1%above the sector's middle half▲ 8.3pp
Current ratio5.10-6.47▲ 1.363.51above the sector's middle half▼ 2.957.95above the sector's middle half▲ 4.445.86above the sector's middle half▼ 2.103.68above the sector's middle half▼ 2.182.56within the sector's middle half▼ 1.123.52above the sector's middle half▲ 0.96
Return on assets (ROA)36.3%-34.4%▼ 1.9pp19.7%above the sector's middle half▼ 14.8pp15.7%above the sector's middle half▼ 4.0pp28.4%above the sector's middle half▲ 12.7pp20.9%above the sector's middle half▼ 7.6pp20.0%above the sector's middle half▼ 0.9pp-0.4%within the sector's middle half▼ 20.4pp
above
within
below
The sector band is the middle half of the companies in Real estate activities (NACE 68). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 84% lower than in 2024 and the lowest since 2018.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €137,410
Fixed assets
€38,855 ▼ 25.0%
Current assets
€98,555 ▼ 5.9%
Equity and liabilities €137,410
Equity
€97,648 ▼ 0.6%
Debt
€39,762 ▼ 31.8%
Debt's share of the balance-sheet total falls from 37.3% to 28.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€21,492▼
2024 · €53,619
Cash flow
€14,742▼
2024 · €46,453
Debt to equity
0.41▼
2024 · 0.59
ROE
-0.6%▼
2024 · 31.8%
Interest coverage
20.85▼
2024 · 28.34
Debt ≤ 1 year
€27,974▼
2024 · €40,920
Debt > 1 year
€11,788▼
2024 · €17,412
Income taxes
€5,765▲
2024 · €5,286
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | €31,228 | €41,321 | €2,356 |
| Depreciation and write-downs of the year | €1,921 | €1,104 | €7,151 | €15,207 | €15,295 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €900 | €1,494 | €2,390 | €1,921 | €1,104 | €7,151 | €15,207 | €15,295 | ▲ 0.6% |
| Other operating charges640/8 | - | - | - | €565 | €568 | €850 | €2,453 | €1,250 | ▼ 49.1% |
| Gross operating margin9900 | €20,943 | €18,044 | €16,172 | €15,247 | €31,057 | €44,318 | €56,072 | €22,741 | ▼ 59.4% |
| Operating profit (loss)9901 | €19,505 | €15,982 | €13,218 | €12,761 | €29,386 | €36,317 | €38,411 | €6,196 | ▼ 83.9% |
| Financial income75/76B | - | - | - | - | - | €1 | €12 | €45 | ▲ 283% |
| Recurring financial income75 | €1 | - | - | - | - | €1 | €12 | €45 | ▲ 283% |
| Financial charges65/66B | - | - | - | €286 | €302 | €867 | €1,892 | €1,031 | ▼ 45.5% |
| Recurring financial charges65 | €306 | €223 | €329 | €286 | €302 | €867 | €1,892 | €1,031 | ▼ 45.5% |
| Profit (loss) for the period before taxes9903 | €19,200 | €15,759 | €12,889 | €12,475 | €29,083 | €35,451 | €36,531 | €5,211 | ▼ 85.7% |
| Income taxes67/77 | €4,109 | -€147 | €753 | €2,587 | €4,500 | €5,593 | €5,286 | €5,765 | ▲ 9.1% |
| Profit (loss) for the period9904 | €15,091 | €15,906 | €12,136 | €9,888 | €24,583 | €29,857 | €31,246 | -€554 | - |
| Profit (loss) for the period to be appropriated9905 | €15,091 | €15,906 | €12,136 | €9,888 | €24,583 | €29,857 | €31,246 | -€554 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €41,542 | €46,180 | €61,643 | €63,002 | €86,457 | €143,140 | €156,533 | €137,410 | ▼ 12.2% |
| Fixed assets21/28 | €937 | €2,936 | €5,378 | €3,457 | €2,353 | €26,430 | €51,794 | €38,855 | ▼ 25.0% |
| Tangible fixed assets22/27 | €937 | €2,936 | €4,628 | €2,707 | €1,603 | €25,680 | €51,794 | €38,855 | ▼ 25.0% |
| Furniture and vehicles24 | - | - | - | €198 | - | €24,983 | €51,794 | €38,855 | ▼ 25.0% |
| Other tangible fixed assets26 | - | - | - | €2,509 | €1,603 | €698 | - | - | - |
| Financial fixed assets28 | - | - | €750 | €750 | €750 | €750 | €0 | - | - |
| Current assets29/58 | €40,605 | €43,244 | €56,265 | €59,545 | €84,104 | €116,709 | €104,740 | €98,555 | ▼ 5.9% |
| Amounts receivable within one year40/41 | €29,711 | €25,892 | €18,508 | €7,316 | €12,714 | €12,554 | €8,397 | €5,663 | ▼ 32.6% |
| Trade receivables40 | - | - | - | €6,894 | €12,714 | €12,554 | €7,438 | €5,663 | ▼ 23.9% |
| Other amounts receivable41 | - | - | - | €422 | - | - | €959 | - | - |
| Cash at bank and in hand54/58 | €10,894 | €17,352 | €37,757 | €52,229 | €71,390 | €104,156 | €96,343 | €92,892 | ▼ 3.6% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €41,542 | €46,180 | €61,643 | €63,002 | €86,457 | €143,140 | €156,533 | €137,410 | ▼ 12.2% |
| Equity10/15 | €33,586 | €39,492 | €45,628 | €55,516 | €72,099 | €87,956 | €98,202 | €97,648 | ▼ 0.6% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Contributions outside capital11 | - | - | - | €18,600 | - | - | - | - | - |
| Other1109/19 | - | - | - | €18,600 | - | - | - | - | - |
| Reserves13 | €959 | €1,254 | €1,561 | €1,561 | €1,561 | €11,561 | €17,561 | €17,561 | = |
| Non-distributable reserves130/1 | - | - | - | €1,561 | €1,561 | €1,561 | €1,561 | €1,561 | = |
| Reserves not available under the articles1311 | - | - | - | €1,561 | €1,561 | €1,561 | €1,561 | €1,561 | = |
| Distributable reserves133 | - | - | - | - | - | €10,000 | €16,000 | €16,000 | = |
| Profit (loss) carried forward14 | €14,027 | €19,638 | €25,467 | €35,355 | €51,938 | €57,795 | €62,041 | €61,488 | ▼ 0.9% |
| Amounts payable17/49 | €7,956 | €6,688 | €16,015 | €7,486 | €14,358 | €55,183 | €58,331 | €39,762 | ▼ 31.8% |
| Amounts payable after more than one year17 | - | - | - | - | - | €23,450 | €17,412 | €11,788 | ▼ 32.3% |
| Financial debts170/4 | - | - | - | - | - | €23,450 | €17,412 | €11,788 | ▼ 32.3% |
| Amounts payable within one year42/48 | €7,956 | €6,688 | €16,015 | €7,486 | €14,358 | €31,733 | €40,920 | €27,974 | ▼ 31.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €833 | €833 | €6,038 | €6,872 | €6,457 | ▼ 6.0% |
| Trade debts44 | €1,521 | €1,104 | €76 | €831 | €474 | €442 | €376 | €5,723 | ▲ 15× |
| Suppliers440/4 | - | - | - | €831 | €474 | €442 | €376 | €5,723 | ▲ 15× |
| Taxes, remuneration and social security45 | - | - | - | €2,110 | €5,774 | €11,897 | €12,055 | €153 | ▼ 98.7% |
| Taxes450/3 | - | - | - | €110 | €2,274 | €6,897 | €5,805 | €153 | ▼ 97.4% |
| Remuneration and social security454/9 | - | - | - | €2,000 | €3,500 | €5,000 | €6,250 | - | - |
| Other amounts payable47/48 | - | - | - | €3,712 | €7,277 | €13,356 | €21,617 | €15,641 | ▼ 27.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,091 | €15,906 | €12,136 | €9,888 | €24,583 | €29,857 | €31,246 | -€554 | - |
| + Depreciation and write-downs630 | €900 | €1,494 | €2,390 | €1,921 | €1,104 | €7,151 | €15,207 | €15,295 | ▲ 0.6% |
| Operating cash flow (approximation) | €15,991 | €17,400 | €14,526 | €11,809 | €25,687 | €37,008 | €46,453 | €14,742 | ▼ 68.3% |
| Investment in fixed assets (approximation) | - | -€3,493 | -€4,832 | €0 | €0 | -€31,228 | -€40,571 | -€2,356 | ▲ 94.2% |
| Change in cash | - | €6,458 | €20,405 | €14,472 | €19,161 | €32,765 | -€7,813 | -€3,450 | ▲ 55.8% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 12,322 companies had the same profile as Comptabilité Contracts Management has now. Two years later, 90.3% were still going and 0.7% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
90.3%
was still going
8.6%
stopped otherwise
0.7%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Comptabilité Contracts Management itself: < 0.1% 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 12,322 companies, not a prediction for Comptabilité Contracts Management. 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.
Latest 10 of 36 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 12-05-2026 | 2026-00110603 | |
| 31-12-2024 | micro format | 15-06-2025 | 2025-00149722 | |
| 31-12-2023 | micro format | 09-06-2024 | 2024-00121705 | |
| 31-12-2022 | micro format | 27-07-2023 | 2023-00287340 | |
| 31-12-2021 | full format | 14-06-2022 | 2022-20067873 | |
| 31-12-2020 | full format | 17-05-2021 | 2021-14200134 | |
| 31-12-2019 | full format | 24-06-2020 | 2020-21300522 | |
| 31-12-2018 | full format | 23-05-2019 | 2019-14100119 | |
| 31-12-2017 | full format | 20-09-2018 | 2018-64500306 | |
| 31-12-2016 | full format | 10-05-2017 | 2017-11600436 |