Summary
COMSA has a registered holding activity and consists mainly of financial fixed assets. The bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €206,587 and a net result of €24,932. Equity has been growing by about 36% per year since 2020. Its solvency ranks better than 53% of 10,818 sector peers (NACE 70, financial year 2025). The company has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 29-05-2019 Normal situation
- Activity
- Activities of head offices NACE 70100and 2 others
- Establishment unit
- 2.289.921.659 2970 Schilde, since 29-05-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 18-10-2024
Board and ownership
Board
- Van Wanzeele Maarten JanDirector · since 29-05-2019
- Holdings
- Shares in 1 company GC+
Financial position
Holding: outside the score modelBankruptcy probability: sector outside the model
Annual accounts 2025
- Gross margin
- €38,011
- ▼ 56.1%
- Turnover
- ≈ €99,000
- estimated
- Profit
- €24,932
- ▼ 62.4%
- Equity
- €206,587
- ▲ 13.7%
- Total assets
- €371,753
- ▼ 3.0%
SignalsneutralLatest accounts filed on timeShow the evidence
Checked score
Outside the general model
Holding: general score not applicable
The company has a registered holding activity. Financial fixed assets make up more than half of its assets. The general model for operating companies does not fit such a balance sheet, so there is no score and no financial strength.
Bankruptcy probability within 12 months
The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.
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Signals
1 signal.
neutral
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 24-06-2026, 37 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
37 days early
2024
28 days early
2023
44 days early
2022
23 days late
2021
34 days early
2020
45 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 28 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% 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 27 June (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
03-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 24-06-2026 at the NBB all 6 filings
Turnover
≈ €99,000
Estimated: probably between €59,000 and €150,000
Total assets
€371,753▼ 3.0%
2024 · €383,159
Net result
€24,932▼ 62.4%
2024 · €66,350
Working capital
€21,709▲ 9.2%
2024 · €19,874
Multi-year overview
2020 to 2025, 6 financial yearsOperating result
€36,069
▼ 57.3%
2025
20202025
Net result
€24,932
▼ 62.4%
2025
middle half of the sector
20202025
Equity
€206,587
▲ 13.7%
2025
middle half of the sector
20202025
Total assets
€371,753
▼ 3.0%
2025
middle half of the sector
20202025
Debt
€165,166
▼ 18.0%
2025
20202025
Working capital
€21,709
▲ 9.2%
2025
middle half of the sector
20202025
Solvency
55.6%
▲ 8.2pp
2025
middle half of the sector
20202025
Current ratio
1.41
▲ 0.11
2025
middle half of the sector
20202025
Return on assets (ROA)
6.7%
▼ 10.6pp
2025
middle half of the sector
20202025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202020212022202320242025
Operating result€60,381-€29,202▼ 51.6%€42,146▲ 44.3%€29,659▼ 29.6%€84,568▲ 185%€36,069▼ 57.3%
Net result€44,496within the sector's middle half-€19,262within the sector's middle half▼ 56.7%€30,071within the sector's middle half▲ 56.1%€20,476within the sector's middle half▼ 31.9%€66,350within the sector's middle half▲ 224%€24,932within the sector's middle half▼ 62.4%
Equity€45,496within the sector's middle half-€64,758within the sector's middle half▲ 42.3%€94,829within the sector's middle half▲ 46.4%€115,305within the sector's middle half▲ 21.6%€181,655within the sector's middle half▲ 57.5%€206,587within the sector's middle half▲ 13.7%
Total assets€77,249below the sector's middle half-€114,790within the sector's middle half▲ 48.6%€130,227within the sector's middle half▲ 13.4%€156,335within the sector's middle half▲ 20.0%€383,159below the sector's middle half▲ 145%€371,753within the sector's middle half▼ 3.0%
Debt€31,753-€50,033▲ 57.6%€35,398▼ 29.3%€41,030▲ 15.9%€201,504▲ 391%€165,166▼ 18.0%
Working capital€42,920within the sector's middle half-€62,823within the sector's middle half▲ 46.4%€93,534within the sector's middle half▲ 48.9%€114,651within the sector's middle half▲ 22.6%€19,874within the sector's middle half▼ 82.7%€21,709within the sector's middle half▲ 9.2%
Solvency58.9%within the sector's middle half-56.4%within the sector's middle half▼ 2.5pp72.8%within the sector's middle half▲ 16.4pp73.8%within the sector's middle half▲ 0.9pp47.4%within the sector's middle half▼ 26.3pp55.6%within the sector's middle half▲ 8.2pp
Current ratio2.35within the sector's middle half-2.26within the sector's middle half▼ 0.103.64within the sector's middle half▲ 1.393.79within the sector's middle half▲ 0.151.30within the sector's middle half▼ 2.501.41within the sector's middle half▲ 0.11
Return on assets (ROA)57.6%above the sector's middle half-16.8%within the sector's middle half▼ 40.8pp23.1%within the sector's middle half▲ 6.3pp13.1%within the sector's middle half▼ 10.0pp17.3%above the sector's middle half▲ 4.2pp6.7%within the sector's middle half▼ 10.6pp
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). 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 57% lower than in 2024.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €371,753
Fixed assets
€296,800 =
Current assets
€74,953 ▼ 13.2%
Equity and liabilities €371,753
Equity
€206,587 ▲ 13.7%
Debt
€165,166 ▼ 18.0%
Debt's share of the balance-sheet total falls from 52.6% to 44.4%. Equity is higher and debt is lower.
Key figures and ratios
ROE
12.1%▼
2024 · 36.5%
Debt ≤ 1 year
€53,245▼
2024 · €66,447
Debt > 1 year
€111,921▼
2024 · €135,057
Income taxes
€8,025▼
2024 · €19,010
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts guaranteed by Belgian public bodies | - | - | - | €157,242 | €135,057 |
| Pledge on other assets, amount secured | - | - | - | €100,000 | €100,000 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Financial fixed assets | - | - | - | €296,800 | - |
| Depreciation and write-downs of the year | €640 | €640 | €640 | €616 | €38 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €626 | €640 | €640 | €640 | €616 | €38 | ▼ 93.8% |
| Other operating charges640/8 | - | €2,185 | €2,112 | €2,068 | €1,431 | €1,905 | ▲ 33.1% |
| Gross operating margin9900 | €63,210 | €32,027 | €44,899 | €32,368 | €86,616 | €38,011 | ▼ 56.1% |
| Operating profit (loss)9901 | €60,381 | €29,202 | €42,146 | €29,659 | €84,568 | €36,069 | ▼ 57.3% |
| Financial income75/76B | - | €10 | €200 | €1 | €8,471 | €5,828 | ▼ 31.2% |
| Recurring financial income75 | - | €10 | €200 | €1 | €4,030 | €5,828 | ▲ 44.6% |
| Non-recurring financial income76B | - | - | - | - | €4,441 | - | - |
| Financial charges65/66B | - | €2,678 | €2,132 | €1,317 | €7,680 | €8,939 | ▲ 16.4% |
| Recurring financial charges65 | €2,894 | €2,678 | €2,132 | €1,317 | €7,680 | €8,939 | ▲ 16.4% |
| Profit (loss) for the period before taxes9903 | €57,487 | €26,533 | €40,214 | €28,342 | €85,360 | €32,957 | ▼ 61.4% |
| Income taxes67/77 | €12,991 | €7,271 | €10,143 | €7,866 | €19,010 | €8,025 | ▼ 57.8% |
| Profit (loss) for the period9904 | €44,496 | €19,262 | €30,071 | €20,476 | €66,350 | €24,932 | ▼ 62.4% |
| Profit (loss) for the period to be appropriated9905 | €44,496 | €19,262 | €30,071 | €20,476 | €66,350 | €24,932 | ▼ 62.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €77,249 | €114,790 | €130,227 | €156,335 | €383,159 | €371,753 | ▼ 3.0% |
| Fixed assets21/28 | €2,576 | €1,935 | €1,295 | €654 | €296,838 | €296,800 | = |
| Tangible fixed assets22/27 | €2,576 | €1,935 | €1,295 | €654 | €38 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | €1,935 | €1,295 | €654 | €38 | €0 | ▼ 100% |
| Financial fixed assets28 | - | - | - | - | €296,800 | €296,800 | = |
| Current assets29/58 | €74,673 | €112,855 | €128,932 | €155,681 | €86,321 | €74,953 | ▼ 13.2% |
| Amounts receivable within one year40/41 | €16,451 | €16,494 | €17,746 | €22,589 | €23,600 | €42,528 | ▲ 80.2% |
| Trade receivables40 | - | €16,490 | €17,741 | €18,455 | €19,610 | €20,805 | ▲ 6.1% |
| Other amounts receivable41 | - | €4 | €5 | €4,134 | €3,990 | €21,723 | ▲ 444% |
| Cash at bank and in hand54/58 | €57,383 | €95,168 | €109,992 | €131,337 | €57,462 | €31,138 | ▼ 45.8% |
| Deferred charges and accrued income490/1 | - | €1,193 | €1,194 | €1,755 | €5,259 | €1,287 | ▼ 75.5% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €77,249 | €114,790 | €130,227 | €156,335 | €383,159 | €371,753 | ▼ 3.0% |
| Equity10/15 | €45,496 | €64,758 | €94,829 | €115,305 | €181,655 | €206,587 | ▲ 13.7% |
| Contributions10/11 | - | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Profit (loss) carried forward14 | €44,496 | €63,758 | €93,829 | €114,305 | €180,655 | €205,587 | ▲ 13.8% |
| Amounts payable17/49 | €31,753 | €50,033 | €35,398 | €41,030 | €201,504 | €165,166 | ▼ 18.0% |
| Amounts payable after more than one year17 | - | - | - | - | €135,057 | €111,921 | ▼ 17.1% |
| Financial debts170/4 | - | - | - | - | €135,057 | €111,921 | ▼ 17.1% |
| Amounts payable within one year42/48 | €31,753 | €50,033 | €35,398 | €41,030 | €66,447 | €53,245 | ▼ 19.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €22,185 | €23,136 | ▲ 4.3% |
| Trade debts44 | €212 | €305 | €1,606 | €2,447 | €1,755 | €1,157 | ▼ 34.1% |
| Suppliers440/4 | - | €305 | €1,606 | €2,447 | €1,755 | €1,157 | ▼ 34.1% |
| Taxes, remuneration and social security45 | - | €17,006 | €24,324 | €28,646 | €18,639 | €12,792 | ▼ 31.4% |
| Taxes450/3 | - | €17,006 | €24,324 | €28,646 | €13,639 | €7,792 | ▼ 42.9% |
| Remuneration and social security454/9 | - | - | - | - | €5,000 | €5,000 | = |
| Other amounts payable47/48 | - | €32,721 | €9,467 | €9,938 | €23,868 | €16,160 | ▼ 32.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €44,496 | €19,262 | €30,071 | €20,476 | €66,350 | €24,932 | ▼ 62.4% |
| + Depreciation and write-downs630 | €626 | €640 | €640 | €640 | €616 | €38 | ▼ 93.8% |
| Operating cash flow (approximation) | €45,122 | €19,903 | €30,712 | €21,116 | €66,967 | €24,970 | ▼ 62.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€296,800 | €0 | - |
| Change in cash | - | €37,785 | €14,824 | €21,345 | -€73,875 | -€26,324 | ▲ 64.4% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 24-06-2026 | 2026-00195638 | |
| 31-12-2024 | abbreviated format | 03-07-2025 | 2025-00228926 | |
| 31-12-2023 | micro format | 17-06-2024 | 2024-00134380 | |
| 31-12-2022 | micro format | 23-08-2023 | 2023-00345505 | |
| 31-12-2021 | micro format | 27-06-2022 | 2022-20140454 | |
| 31-12-2020 | micro format | 16-06-2021 | 2021-20500369 |
Board & ownership
Directors
Directors
1 director
Van Wanzeele Maarten Jan
Current
Owners and capital
Owners
Network & group
Holdings and subsidiaries
1 holdingHoldings 1
-
70%
Board mandates elsewhere
1 board mandateBoard mandates of COMSACOMSA sits on their board1
1 location
Companies at the same address
1 other companyConnections & network
1 current directorThe board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
This company
Company
Director
Shareholding
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Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
24-06
abbreviated format · 37 days before the deadline
2025
31-12
Financial
Equity above €200,000equity €206,587 ▲13.7%
With a profit in every financial year since 2020, equity grows to €206,587.
05-08
Gazette deed
Registered office moved within Schilde2 points ▸
Gazette deed
Registered office moved within Schilde
2 points ▸
- Board meeting, 14-07-2025
- Registered-office move, Gersblok 40,2970 Schilde
03-07
abbreviated format · 28 days before the deadline
2024
31-12
Financial
Highest result from 2020 to 2025net €66,350 ▲224%
The operating result of €84,568 and the net result of €66,350 are both a record.
31-12
Financial
Equity above €150,000equity €181,655 ▲57.5%
With a profit in every financial year since 2020, equity grows to €181,655.
17-06
micro format · 44 days before the deadline
2023
31-12
Financial
Equity above €100,000equity €115,305 ▲21.6%
With a profit in every financial year since 2020, equity grows to €115,305.
23-08
micro format · 23 days late
2022
27-06
micro format · 34 days before the deadline
2021
31-12
Financial
Weakest financial yearnet €19,262 ▼56.7%
The net result drops to €19,262, the lowest from 2020 to 2025. It recovers the following year.
16-06
micro format · 45 days before the deadline
2019
03-06
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
COMSA in Dutch
Enterprise number
0727.645.993
Legal form
Private limited company
Status
Active, normale toestand
Founded
29-05-2019
Entity type
Legal entity
Registered office and establishments
Registered office
Gersblok 40, 2970 Schilde, Belgium
Establishment unit
Gersblok 40, 2970 Schilde since 29-05-2019 · unit number 2.289.921.65964210 Activities of holding companies
Activities
NACEBEL 202570100
Activities of head offices main activity
64210
Activities of holding companies
70200
Business and other management consultancy
Codes under NACEBEL 2008
70100
Activities of head offices main activity
64200
Holdings
70220
Business consulting
Invoicing and payment
VAT number
BE 0727.645.993
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Sites & property
Location
Buildings and parcels at the address
Ground area
395 m²
Building footprint
104 m²
Building volume
219 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11039D0403/00Z002 | Flanders | 395 m² | 1 · 104 m² | 5.7 m · 1 |