COMWAYS.BE (0820.367.107): financials and annual accounts

COMWAYS.BE

Antwerp ·KBO/BCE: BE 0820.367.107

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Balance sheet: assets
Total assets`20/58`	353,627	388,782	512,395	455,406	597,443	684,120	377,108	382,333	431,963	347,290	316,395	154,646	228,220	261,116	154,524
Fixed assets`21/28`	1,023	2,792	15,251	23,207	2,538	42,893	84,302	2,707	4,038	4,576	5,164	6,578	3,762	2,785	1,364
Intangible fixed assets`21`	-	-	10,690	21,381	-	40,284	80,568	-	-	-	-	-	-	-	-
Tangible fixed assets`22/27`	398	2,167	3,936	1,286	1,998	2,069	2,760	1,732	3,108	3,646	4,264	5,628	2,812	1,885	1,214
Furniture and vehicles`24`	-	1,570	3,140	292	584	236	508	851	2,007	2,325	2,722	3,866	2,812	1,885	1,214
Other tangible fixed assets`26`	398	597	796	994	1,414	1,833	2,252	881	1,101	1,321	1,542	1,762	-	-	-
Financial fixed assets`28`	625	625	625	540	540	540	975	975	930	930	900	950	950	900	150
Current assets`29/58`	352,604	385,991	497,144	432,199	594,905	641,228	292,805	379,627	427,925	342,714	311,231	148,068	224,458	258,331	153,160
Amounts receivable after more than one year`29`	90,169	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Trade receivables`290`	90,169	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amounts receivable within one year`40/41`	13,735	9,850	62,114	68,614	82,530	146,946	20,197	29,329	200,835	21,057	166,726	67,265	100,577	138,320	49,114
Trade receivables`40`	12,493	2,553	61,814	67,515	82,530	146,946	9,205	29,109	200,835	12,044	166,726	43,294	100,577	138,320	42,951
Other amounts receivable`41`	1,242	7,297	300	1,099	-	-	10,992	220	-	9,013	-	23,971	-	-	6,163
Cash at bank and in hand`54/58`	186,050	340,325	377,722	317,055	344,523	304,256	140,376	268,949	162,703	253,788	119,455	69,850	123,704	118,711	101,964
Deferred charges and accrued income`490/1`	62,650	35,816	57,307	46,529	167,852	190,026	132,232	81,349	64,387	67,869	25,050	10,952	178	1,300	2,082
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	353,627	388,782	512,395	455,406	597,443	684,120	377,108	382,333	431,963	347,290	316,395	154,646	228,220	261,116	154,524
Equity`10/15`	257,030	252,011	243,201	232,358	217,621	204,640	196,566	183,658	168,502	155,975	130,562	104,779	80,918	57,254	29,400
Contributions`10/11`	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200
Issued capital`100`	-	-	-	-	-	18,550	18,550	18,550	18,550	18,550	18,550	18,550	18,550	18,550	18,550
Uncalled capital`101`	-	-	-	-	-	12,350	12,350	12,350	12,350	12,350	12,350	12,350	12,350	12,350	12,350
Reserves`13`	250,830	245,811	237,001	226,158	211,421	198,440	190,366	177,458	162,302	149,775	124,362	98,579	74,718	51,054	23,200
Non-distributable reserves`130/1`	-	-	1,855	1,855	1,855	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	1,855	1,855	1,855	1,855	1,855	1,855	1,855	1,855	1,855	1,855
Reserves not available under the articles`1311`	-	-	1,855	1,855	1,855	-	-	-	-	-	-	-	-	-	-
Distributable reserves`133`	250,830	245,811	235,146	224,303	209,566	196,585	188,511	175,603	160,447	147,920	122,507	96,724	72,863	49,199	21,345
Amounts payable`17/49`	96,597	136,771	269,194	223,048	379,822	479,480	180,542	198,676	263,461	191,315	185,833	49,867	147,301	203,862	125,123
Amounts payable after more than one year`17`	-	-	-	-	3,430	44,152	-	-	-	-	-	-	-	-	-
Financial debts`170/4`	-	-	-	-	3,430	44,152	-	-	-	-	-	-	-	-	-
Amounts payable within one year`42/48`	4,972	19,815	59,794	38,749	176,492	205,213	41,977	60,663	33,166	136,769	177,965	46,638	105,126	195,002	124,673
Current portion of amounts payable after more than one year`42`	-	-	-	3,430	40,722	39,929	-	-	-	-	-	-	-	-	-
Trade debts`44`	2,472	15,123	45,130	6,110	99,254	145,500	36,120	16,435	3,839	125,421	138,575	25,633	76,154	168,586	92,227
Suppliers`440/4`	2,472	15,123	45,130	6,110	99,254	145,500	36,120	16,435	3,839	125,421	138,575	25,633	76,154	168,586	92,227
Advances received on contracts in progress`46`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15,457
Taxes, remuneration and social security`45`	2,500	4,692	14,024	28,477	35,446	18,523	4,500	42,871	27,970	10,000	38,089	19,853	27,563	24,781	16,500
Taxes`450/3`	2,500	4,692	14,024	28,477	35,446	18,260	4,500	42,871	27,970	10,000	38,089	13,500	24,681	24,781	16,500
Remuneration and social security`454/9`	-	-	-	-	-	263	-	-	-	-	-	6,353	2,882	-	-
Other amounts payable`47/48`	-	-	641	733	1,070	1,260	1,357	1,357	1,357	1,349	1,301	1,152	1,409	1,635	490
Accrued charges and deferred income`492/3`	91,624	116,956	209,400	184,299	199,900	230,116	138,565	138,012	230,295	54,546	7,868	3,229	42,176	8,860	450
Income statement
Gross operating margin`9900`	11,138	26,521	27,891	33,385	57,471	56,654	57,272	26,425	23,204	38,372	86,737	92,821	58,823	46,661	41,699
Remuneration, social security and pensions`62`	-	-	225	375	2,013	1,643	-	-	-	-	43,147	52,960	21,526	-	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	1,769	12,459	12,751	11,402	41,231	40,975	41,046	1,376	1,719	1,738	1,364	1,364	785	604	581
Other operating charges`640/8`	984	834	960	450	549	-	446	538	353	933	3,056	644	638	604	1,351
Operating profit (loss)`9901`	8,385	13,228	13,954	21,159	13,678	14,036	15,780	24,511	21,133	35,702	39,169	37,852	35,874	45,454	39,767
Financial income`75/76B`	535	-	1	0	0	0	22	1	1	2	2	1	28	831	493
Recurring financial income`75`	535	-	1	0	0	0	22	1	1	2	2	1	28	831	493
Financial charges`65/66B`	1,828	527	656	1,514	1,568	2,462	384	1,369	285	344	739	247	447	350	491
Recurring financial charges`65`	927	527	656	1,514	1,568	2,462	384	1,369	285	344	739	247	447	350	491
Non-recurring financial charges`66B`	901	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Profit (loss) for the period before taxes`9903`	7,092	12,701	13,299	19,645	12,110	11,574	15,418	23,143	20,848	35,360	38,432	37,607	35,455	45,936	39,770
Income taxes`67/77`	2,073	3,891	2,456	4,908	-871	3,500	2,510	7,987	8,321	9,947	12,649	13,746	11,790	18,082	16,570
Profit (loss) for the period`9904`	5,019	8,810	10,843	14,737	12,981	8,074	12,908	15,156	12,527	25,413	25,783	23,861	23,665	27,853	23,200
Profit (loss) for the period to be appropriated`9905`	5,019	8,810	10,843	14,737	12,981	8,074	12,908	15,156	12,527	25,413	25,783	23,861	23,665	27,853	23,200
Appropriation of the result
Profit (loss) to be appropriated`9906`	5,019	8,810	10,843	14,737	12,981	8,074	12,908	15,156	12,527	25,413	25,783	23,861	23,665	27,853	23,200
Transfer to equity`691/2`	5,019	8,810	10,843	14,737	12,981	8,074	12,908	15,156	12,527	25,413	25,783	23,861	23,665	27,853	23,200
To the legal reserve`6920`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,855
To other reserves`6921`	5,019	8,810	10,843	14,737	12,981	8,074	12,908	15,156	12,527	25,413	25,783	23,861	23,665	27,853	21,345
Social balance sheet
Average staff (FTE)`9087`	-	-	-	0.2	0.2	0.1	-	-	-	-	0.7	1	0.5	-	-
Hours worked`1013`	-	-	-	180	167	180	-	-	-	-	1,148	1,704	865	-	-
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Financial year	Type	Filed	Reference	Document
30-06-2025	abbreviated format	16-12-2025	2025-00582367	PDF
30-06-2024	abbreviated format	06-01-2025	2025-00630253	PDF
30-06-2023	abbreviated format	22-12-2023	2023-00535312	PDF
30-06-2022	abbreviated format	13-12-2022	2022-20535989	PDF
30-06-2021	abbreviated format	28-12-2021	2021-81800255	PDF
30-06-2020	abbreviated format	02-12-2020	2020-73700241	PDF
30-06-2019	abbreviated format	26-12-2019	2019-77500189	PDF
30-06-2018	abbreviated format	21-12-2018	2018-75100345	PDF
30-06-2017	abbreviated format	08-12-2017	2017-71300145	PDF
30-06-2016	abbreviated format	24-12-2016	2016-71400093	PDF
30-06-2015	abbreviated format	28-12-2015	2015-70400085	PDF
30-06-2014	abbreviated format	24-12-2014	2014-70300248	PDF
30-06-2013	abbreviated format	24-12-2013	2013-69500372	PDF
30-06-2012	abbreviated format	14-12-2012	2012-66300560	PDF
30-06-2011	abbreviated format	02-12-2011	2011-62400535	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
EBITDA	10,154	25,688	26,706	32,561	54,909	55,011	56,826	25,887	22,851	37,440	40,533	39,216	36,659	46,058	40,349
Cash flow	6,788	21,270	23,594	26,138	54,212	49,049	53,954	16,532	14,246	27,151	27,147	25,225	24,450	28,457	23,782
Investment in fixed assets (approximation)	0	0	4,795	32,071	876	-435	122,642	45	1,180	1,150	-50	4,181	1,762	2,024	1,946
Change in cash	-154,275	-37,398	60,667	-27,468	40,267	163,880	-128,573	106,246	-91,085	134,333	49,605	-53,854	4,993	16,747	-
Working capital	347,632	366,175	437,350	393,449	418,413	436,015	250,828	318,964	394,759	205,944	133,266	101,430	119,333	63,329	28,486
Solvency	72.7%	64.8%	47.5%	51.0%	36.4%	29.9%	52.1%	48.0%	39.0%	44.9%	41.3%	67.8%	35.5%	21.9%	19.0%
Current ratio	70.91	19.48	8.31	11.15	3.37	3.12	6.98	6.26	12.90	2.51	1.75	3.17	2.14	1.32	1.23
Debt to equity	0.38	0.54	1.11	0.96	1.75	2.34	0.92	1.08	1.56	1.23	1.42	0.48	1.82	3.56	4.26
ROE	2.0%	3.5%	4.5%	6.3%	6.0%	3.9%	6.6%	8.3%	7.4%	16.3%	19.7%	22.8%	29.2%	48.6%	78.9%
ROA	1.4%	2.3%	2.1%	3.2%	2.2%	1.2%	3.4%	4.0%	2.9%	7.3%	8.1%	15.4%	10.4%	10.7%	15.0%
Interest coverage	10.96	48.73	40.72	21.50	-	-	-	-	-	-	-	-	-	-	-

Item	30-06-2022
Average over the year, in full-time equivalents	0.2
Joined	1
Left	1

Item	30-06-2025	30-06-2024	30-06-2023	30-06-2022
Debts secured on the company's own assets	-	-	-	€3,430
Carrying value of the other pledged assets	-	-	-	€21,381

COMWAYS.BE

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency72.7%

Current ratio70.91

Return on assets1.4%

Staff

Staff cost per FTE

Joined and left

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Securities and guarantees

Investments

Insights on COMWAYS.BE

Next steps

Item	30-06-2025	30-06-2024	30-06-2023	30-06-2022
Tangible fixed assets	-	-	€4,710	-
Intangible fixed assets	-	-	-	€32,071
Financial fixed assets	-	-	€85	-
Depreciation and write-downs of the year	€1,769	€12,459	€12,751	€11,402