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COMVANCO

Active Risk: very low
Limited partnershipfounded 200917 yrs activeLangestraat 35, 8000 Brugge, BelgiumKBO/BCE: BE 0810.999.974
Summary

COMVANCO has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2020 annual accounts show equity of €1.5m and a net result of €264,610. Its solvency ranks better than 95% of 5962 sector peers (fiscal year 2020). The computed 12-month bankruptcy probability is 0.3% (very low).

Checked score

No current score
Figures too old
The available figures for FY 2020 are too old to assess current financial health.
Filing: Five or more filing cycles are missing. This points to a standstill, not an imminent failure.
Axes, FY 2020 · tick = 2019
Profitability79=
Solvency100=
Growth78
Track record100
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2020
Solvency, return and age of the figures
Solvency
94.2%
Return on assets
16.6%
Age of the figures
75 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 17 years 0 20 y
neutral · No filing for years
The last filed financial year closed on 30-06-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filings
Position against the passed deadline
30-06-2021 close31-01-2022 deadline28-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2020 was due by 31-01-2021 and was filed on 04-12-2020, 58 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
58 d early
2019
63 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 61 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 7 April 2009, COMVANCO was incorporated.1 The company has filed 11 sets of annual accounts, the latest for fiscal year 2020.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2020

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Financials · fiscal year 2020, micro schema

Equity
€1.5m▲ 21.4%
2019 · €1.2m
Total assets
€1.6m▲ 20.2%
2019 · €1.3m
Net result
€264,610▲ 19.0%
2019 · €222,366
Working capital
€883,859▲ 42.6%
2019 · €619,885
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20192020
Operating result€319,189-€403,975▲ 26.6%
Net result€222,366-€264,610above the sector's middle half▲ 19.0%
Equity€1.2m-€1.5mabove the sector's middle half▲ 21.4%
Total assets€1.3m-€1.6mabove the sector's middle half▲ 20.2%
Debt€88,678-€91,635▲ 3.3%
Working capital€619,885-€883,859above the sector's middle half▲ 42.6%
Solvency93.3%-94.2%above the sector's middle half▲ 0.9pp
Current ratio8.19-10.81above the sector's middle half▲ 2.62
Return on assets (ROA)16.8%-16.6%within the sector's middle half▼ 0.2pp
above within below the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€200,000€400,000Operating result 2019: €319,189€319,189Net result 2019: €222,366€222,366Operating result 2020: €403,975€403,975Net result 2020: €264,610€264,61020192020€0€200,000€400,000Operating result 2019: €319,189€319,000Net result 2019: €222,366€222,000Operating result 2020: €403,975€404,000Net result 2020: €264,610€265,00020192020
The operating result rises in 2020; 2020 is 27% above 2019.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €1.6m
Fixed assets €617,858 =
Current assets €973,960 ▲ 37.9%
Equity and liabilities €1.6m
Equity €1.5m ▲ 21.4%
Debt €91,635 ▲ 3.3%
Debt's share of the balance-sheet total falls from 6.7% to 5.8%. Equity and debt are higher.
Key figures and ratios
2020 value · change against 2019
EBITDA
€404,239▲
2019 · €319,913
Cash flow
€264,874▲
2019 · €223,090
ROE
17.6%▼
2019 · 18.0%
Debt ≤ 1 year
€90,101▲
2019 · €86,244
Income taxes
€144,574▲
2019 · €105,987
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2020 against 2019 · 23 lines
Balance sheet Code20192020
Assets
Total assets20/58€1.3m€1.6m▲
Fixed assets21/28€618,122€617,858=
Tangible fixed assets22/27€528€264▼
Financial fixed assets28€617,594€617,594=
Current assets29/58€706,130€973,960▲
Amounts receivable within one year40/41€240,448€67,227▼
Cash at bank and in hand54/58€8,593€450,721▲
Equity and liabilities
Total equity and liabilities10/49€1.3m€1.6m▲
Equity10/15€1.2m€1.5m▲
Contributions10/11€75,000-
Reserves13€1.2m€1.4m▲
Amounts payable17/49€88,678€91,635▲
Amounts payable within one year42/48€86,244€90,101▲
Trade debts44€4,710€4,393▼
Income statement Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€724€264▼
Gross operating margin9900€320,058€404,400▲
Operating profit (loss)9901€319,189€403,975▲
Recurring financial income75€11,959€6,755▼
Recurring financial charges65€2,795€1,546▼
Profit (loss) for the period before taxes9903€328,353€409,185▲
Income taxes67/77€105,987€144,574▲
Profit (loss) for the period9904€222,366€264,610▲
Profit (loss) for the period to be appropriated9905€222,366€264,610▲
Line20192020Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€724€264▼ 63.6%
Gross operating margin9900€320,058€404,400▲ 26.4%
Operating profit (loss)9901€319,189€403,975▲ 26.6%
Recurring financial income75€11,959€6,755▼ 43.5%
Recurring financial charges65€2,795€1,546▼ 44.7%
Profit (loss) for the period before taxes9903€328,353€409,185▲ 24.6%
Income taxes67/77€105,987€144,574▲ 36.4%
Profit (loss) for the period9904€222,366€264,610▲ 19.0%
Profit (loss) for the period to be appropriated9905€222,366€264,610▲ 19.0%
Line20192020Change
Assets
Total assets20/58€1.3m€1.6m▲ 20.2%
Fixed assets21/28€618,122€617,858=
Tangible fixed assets22/27€528€264▼ 50.0%
Financial fixed assets28€617,594€617,594=
Current assets29/58€706,130€973,960▲ 37.9%
Amounts receivable within one year40/41€240,448€67,227▼ 72.0%
Cash at bank and in hand54/58€8,593€450,721▲ 5,146%
Equity and liabilities
Total equity and liabilities10/49€1.3m€1.6m▲ 20.2%
Equity10/15€1.2m€1.5m▲ 21.4%
Contributions10/11€75,000--
Reserves13€1.2m€1.4m▲ 22.8%
Amounts payable17/49€88,678€91,635▲ 3.3%
Amounts payable within one year42/48€86,244€90,101▲ 4.5%
Trade debts44€4,710€4,393▼ 6.7%
Line20192020Change
Profit (loss) for the period9904€222,366€264,610▲ 19.0%
+ Depreciation and write-downs630€724€264▼ 63.6%
Operating cash flow (approximation)€223,090€264,874▲ 18.7%
Investment in fixed assets (approximation)-€0-
Change in cash-€442,128-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2020
04-12
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2019
29-11
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
20-12
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
09-01
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
23-12
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
30-11
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema
2014
04-12
NBB filing Annual accounts filed
fiscal year 2014 · abbreviated schema
2013
28-11
NBB filing Annual accounts filed
fiscal year 2013 · abbreviated schema
2012
04-12
NBB filing Annual accounts filed
fiscal year 2012 · abbreviated schema
2011
20-12
NBB filing Annual accounts filed
fiscal year 2011 · abbreviated schema
NBB filing
0 of 3 acts read
About the unread acts

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brugge · 1 establishment unit since 2009
seat establishment The establishment unit on the map
Ground area
727 m²
Building footprint
209 m²
Volume, LiDAR
1,593 m³
Parcel 31005A0473/00C000, Flanders · tallest building 14.0 m, ±3 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
COMVANCO
Langestraat 35, 8000 BruggeHoldings
since 20092.177.491.830
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
31005A0473/00C000
ProtectedMonumentBrouwerij 't Hamerken: mouterijSource ↗
Flanders 727 m² 1 · 209 m² 13.9 m · 3 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.

Similar companies · same sector, comparable size

Of 13,417 companies in sector 73300 we hold annual accounts for 6,906. 2,401 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formLimited partnership
Founded07-04-2009
Fiscal year end30-06
Activities, NACEBEL 2025
73300Public relations and communication consultancy
68110Buying and selling of own real estate
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID 0208:0810999974
Registered 27-03-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.