COMTECH
ActiveFrom the official registers: KBO 22 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
COMTECH has been active since 2002 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €57,200 and a net result of €3,800. Equity is growing by about 8.6% per year across the filed financial years. Its solvency ranks better than 82% of 22,679 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Official details
KBO- Status
- Active since 10-12-2002 Normal situation
- Legal form
- Private limited company
- Registered office
- Westerlosesteenweg 171, 2230 Herselt
- Activity
- Retail sale of lighting equipment NACE 47552and 2 others
- Establishment unit
- 2.126.234.753 2230 Herselt, since 28-03-2003
- Financial year end
- 30 September
- Peppol
- Reachable since 22-11-2025
How it is doing
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €15,018
- ▼ 3.8%
- Turnover
- ≈ €160,000
- estimated
- Profit
- €3,800
- ▲ 34.0%
- Equity
- €57,200
- ▲ 7.1%
- Total assets
- €79,015
- ▼ 10.8%
Why 96raises riskSize: total assets €79,015lowers riskLiquidity: current ratio 4.29, cash €29,860Founded in 2002Equity €57,200 (72.4% of total assets)Show 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 47, micro): better than 83% on solvency, 93% on liquidity, 61% on profitability and 56% on growth.
The bankruptcy probability was computed on 31-10-2026 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).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 7 accounts on average 27 days before the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
Financials · financial year 2025, micro format
Annual accounts 2025
- Financial year ended
- 30-09-2025
- Filed on
- 13-04-2026
- Format
- micro format
- Reference
- 2026-00077647
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result recovers in 2025; 2025 is 12% above 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.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 47, Retail trade: 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).
Peer companies
Historical observationOf the 17,041 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94.4% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.2% 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 497,445 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 17,041 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 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €284 | €1,826 | €6,905 | €6,905 | €6,671 | €8,816 | €7,858 | ▼ 10.9% |
| Other operating charges640/8 | - | - | €1,464 | €1,132 | €1,155 | €1,473 | €1,209 | ▼ 17.9% |
| Gross operating margin9900 | €4,806 | €13,260 | €19,198 | €11,660 | €13,991 | €15,618 | €15,018 | ▼ 3.8% |
| Operating profit (loss)9901 | €3,745 | €9,200 | €10,828 | €3,622 | €6,165 | €5,329 | €5,951 | ▲ 11.7% |
| Financial income75/76B | - | - | - | €0 | €20 | €9 | - | - |
| Recurring financial income75 | - | - | - | €0 | €20 | €9 | - | - |
| Financial charges65/66B | - | - | €289 | €225 | €170 | €1,151 | €1,084 | ▼ 5.8% |
| Recurring financial charges65 | €69 | €147 | €289 | €225 | €170 | €1,151 | €1,084 | ▼ 5.8% |
| Profit (loss) for the period before taxes9903 | €3,676 | €9,053 | €10,539 | €3,397 | €6,014 | €4,187 | €4,867 | ▲ 16.2% |
| Income taxes67/77 | €1,207 | €364 | €2,874 | €1,538 | €2,133 | €1,350 | €1,067 | ▼ 21.0% |
| Profit (loss) for the period9904 | €2,469 | €8,689 | €7,665 | €1,859 | €3,881 | €2,837 | €3,800 | ▲ 34.0% |
| Profit (loss) for the period to be appropriated9905 | €2,469 | €8,689 | €7,665 | €1,859 | €3,881 | €2,837 | €3,800 | ▲ 34.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €33,916 | €63,300 | €65,219 | €61,763 | €57,499 | €88,583 | €79,015 | ▼ 10.8% |
| Fixed assets21/28 | €852 | €25,511 | €18,606 | €11,701 | €5,781 | €27,512 | €24,930 | ▼ 9.4% |
| Tangible fixed assets22/27 | €852 | €25,511 | €18,606 | €11,701 | €5,781 | €27,512 | €24,930 | ▼ 9.4% |
| Plant, machinery and equipment23 | - | - | - | - | - | €1,233 | €5,976 | ▲ 385% |
| Furniture and vehicles24 | - | - | €284 | - | €702 | €26,279 | €18,954 | ▼ 27.9% |
| Leasing and similar rights25 | - | - | €18,322 | €11,701 | €5,079 | - | - | - |
| Current assets29/58 | €33,064 | €37,788 | €46,613 | €50,063 | €51,718 | €61,071 | €54,085 | ▼ 11.4% |
| Amounts receivable within one year40/41 | €28,722 | €22,509 | €16,788 | €17,781 | €16,826 | €20,036 | €24,226 | ▲ 20.9% |
| Trade receivables40 | - | - | €5,869 | €5,869 | €5,869 | €5,869 | €5,869 | = |
| Other amounts receivable41 | - | - | €10,920 | €11,912 | €10,958 | €14,167 | €18,357 | ▲ 29.6% |
| Cash at bank and in hand54/58 | €4,342 | €14,894 | €28,788 | €31,561 | €34,892 | €41,036 | €29,860 | ▼ 27.2% |
| Deferred charges and accrued income490/1 | - | - | €1,037 | €721 | - | - | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €33,916 | €63,300 | €65,219 | €61,763 | €57,499 | €88,583 | €79,015 | ▼ 10.8% |
| Equity10/15 | €28,469 | €37,158 | €44,823 | €46,682 | €50,563 | €53,400 | €57,200 | ▲ 7.1% |
| Contributions10/11 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €22,269 | €30,958 | €38,623 | €40,482 | €44,363 | €47,200 | €51,000 | ▲ 8.1% |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | €36,763 | €38,622 | €44,363 | €47,200 | €51,000 | ▲ 8.1% |
| Amounts payable17/49 | €5,447 | €26,141 | €20,396 | €15,081 | €6,936 | €35,183 | €21,815 | ▼ 38.0% |
| Amounts payable after more than one year17 | - | €13,087 | €8,380 | €3,634 | - | €15,766 | €5,932 | ▼ 62.4% |
| Financial debts170/4 | - | - | €8,380 | €3,634 | - | €15,766 | €5,932 | ▼ 62.4% |
| Amounts payable within one year42/48 | €5,077 | €8,154 | €11,234 | €11,053 | €6,767 | €14,826 | €12,610 | ▼ 14.9% |
| Current portion of amounts payable after more than one year42 | - | - | €4,707 | €4,766 | €3,239 | €9,426 | €9,834 | ▲ 4.3% |
| Trade debts44 | €1,132 | €943 | €1,775 | €2,157 | €1,395 | €3,981 | €1,709 | ▼ 57.1% |
| Suppliers440/4 | - | - | €1,775 | €2,157 | €1,395 | €3,981 | €1,709 | ▼ 57.1% |
| Taxes, remuneration and social security45 | - | - | €4,753 | €4,130 | €2,133 | €1,419 | €1,067 | ▼ 24.8% |
| Taxes450/3 | - | - | €2,904 | €2,260 | €2,133 | €1,419 | €1,067 | ▼ 24.8% |
| Remuneration and social security454/9 | - | - | €1,849 | €1,870 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €782 | €394 | €169 | €4,591 | €3,273 | ▼ 28.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,469 | €8,689 | €7,665 | €1,859 | €3,881 | €2,837 | €3,800 | ▲ 34.0% |
| + Depreciation and write-downs630 | €284 | €1,826 | €6,905 | €6,905 | €6,671 | €8,816 | €7,858 | ▼ 10.9% |
| Operating cash flow (approximation) | €2,753 | €10,515 | €14,570 | €8,765 | €10,553 | €11,653 | €11,658 | = |
| Investment in fixed assets (approximation) | - | -€26,485 | €0 | €0 | -€752 | -€30,547 | -€5,275 | ▲ 82.7% |
| Change in cash | - | €10,552 | €13,894 | €2,772 | €3,331 | €6,144 | -€11,176 | - |
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 22 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 13-04-2026 | 2026-00077647 | |
| 30-09-2024 | micro format | 10-04-2025 | 2025-00066990 | |
| 30-09-2023 | micro format | 12-04-2024 | 2024-00063033 | |
| 30-09-2022 | micro format | 03-04-2023 | 2023-00051852 | |
| 30-09-2021 | micro format | 05-04-2022 | 2022-20000325 | |
| 30-09-2020 | micro format | 19-03-2021 | 2021-08000414 | |
| 30-09-2019 | micro format | 23-03-2020 | 2020-07300281 | |
| 30-09-2018 | micro format | 19-03-2019 | 2019-07400475 | |
| 30-09-2017 | micro format | 27-03-2018 | 2018-08400281 | |
| 30-09-2016 | abbreviated format | 28-03-2017 | 2017-07800383 |
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
- end not dated
| Name | Functions and periods |
|---|---|
| Willekens Karla Igantius Louisa |
|
| Francis Bellekens |
|
How the board is organised
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Algemene vergadering, met of zonder beperking van duur”“Al dan niet ten kosteloze titel, algemene kosten”
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Vereist voor statutenwijziging, elk moment”
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Om welke reden en op welk ogenblik ook, indien geen andere vereffenaar benoemd”
Articles of association, deed of 03-11-2023 (in Dutch)
Owners and capital
Capital and shareholders
- 03-11-2023 Capital stated in the deed · 186 shares
Shares according to the articles of association
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- One provision in the deed
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Elke overdracht onder levenden ten bezwarende of kosteloze titel vrijwillig of gedwongen inclusief uitsluiting en uittreding in…”
- Share issue ruleHow and by whom new shares can be issued.
- “Ten minste vijftien dagen vanaf openstelling, inschrijving door personen waaraan vrij overdraagbaar of derden met instemming van ten minste…”
deed of 03-11-2023 (in Dutch)
Other provisionsRules from the articles on subjects other than the board, the shares, the purpose and the meetings.
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
03-06
Gazette deed
Appointment: Francis Bellekens (director)3 facts ▸
- General meeting, 16-04-2024
- Director in office, Karla Willekens (director)
- Director appointment, Francis Bellekens (director)
03-11
Gazette deed
Amendment of the articles · Legal-form change · Resignations & appointmentsResignation: Willekens Karla Igantius Louisa (director) · Appointment: Willekens Karla Igantius Louisa (director) · Director discharge13 facts ▸
- Director resignation, Willekens Karla Igantius Louisa (director)
- Director discharge, Willekens Karla Igantius Louisa
- Director appointment, Willekens Karla Igantius Louisa (director (not named in the articles))
- Registered office clause, “2230 Herselt,Westerlosesteenweg 171” (deed in Dutch)
- General meeting, 24-10-2023
- Incorporation, 25-11-2002
- Other provision, “statutenwijzigingen sinds oprichting” (deed in Dutch)
- Other provision, “aanpassing statuten aan WVV en behoud rechtsvorm, statuten aanpassen en rechtsvorm besloten vennootschap(BV)behouden” (deed in Dutch)
- Capital conversion, “van rechtswege omgezet, artikel 39,§2,tweede lid van de wet van 23-03-2019” (deed in Dutch)
- Reserve release, “opheffing, statutair onbeschikbare eigen vermogensrekening aangelegd bij toepassing van artikel 39,§2,tweede lid van de wet van 23-03-2019” (deed in Dutch)
- Amendment of the articles
- Capital
- +1 further fact in this act
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Who it is
KBO recordWhere it is based
What it does
NACEBEL 2025Invoicing and payment
Financial year and general meeting
Accounts at the NBBScores and ratios are computed by Checked and are not a credit decision.
Purpose according to the articles of association
- PurposeThe activities the company may carry out under its articles.
- “De invoer,de uitvoer en tussenhandel van diverse goederen,met inbegrip van de verkoop; De handel in elektrische toestellen en materialen,met…”
4 activities
- De invoer,de uitvoer en tussenhandel van diverse goederen,met inbegrip van de verkoop
- De handel in elektrische toestellen en materialen,met inbegrip van artikelen voor verlichting,huishouding en van radio-elektrisch materieel
- De fabricatie,groot-en kleinhandel van Piezo electric crystals en aanverwante producten,zoals ondermeer oscilatoren,filters
- Uitvoeren van dienstprestaties,ondermeer allerlei computer-en technologische prestaties,in de uitgebreidste zin ervan.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Comtech
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, administratieve zetels,agentschappen,werkhuizen,stapelplaatsen en bijkantoren in België of buitenland bij enkel besluit…”
Articles of association, deed of 03-11-2023 (in Dutch)
Environmental permits: No permit applications found in Flanders.
Sites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13013A0613/00B000 | Flanders | 179 m² | 1 · 179 m² | 7.2 m · 2 |