COMWIZ
ActiveSummary
The annual accounts of COMWIZ for fiscal year 2025 show a net loss of 140% of the equity at the start of that year. The 2025 annual accounts show equity of €254,951 and a net result of -€634,054. Equity is growing by ~5.8% per year across the filed fiscal years. Its solvency ranks better than 23% of 9268 sector peers (fiscal year 2025). The company has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability5▼-14
Solvency29▼-3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.07 against 0.06 in 2024; short-term debt: 65% and cash: 0.4% of total assets), and 95.6% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€634,054
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 9268 sector peers (2025).
NBB · sector comparisonPosition among 9268 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-08-2026, 14 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
14 d late
2024
14 d early
2023
34 d early
2022
42 d early
2021
11 d late
2020
32 d early
2019
52 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 21 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€254,951▼ 43.9%
2024 · €454,055
Total assets
€5.7m▼ 11.6%
2024 · €6.5m
Net result
-€634,054▼ 415%
2024 · -€123,062
Working capital
-€3.5m▲ 10.9%
2024 · -€3.9m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€38,208▲ 1,088%-€21,956-€12,123▲ 44.8%-€60,692▼ 401%-€131,612▼ 117%
Net result€12,316-€50,123-€99,573▼ 98.7%-€123,062▼ 23.6%-€634,054▼ 415%
Equity€202,550▲ 6.5%€152,428▼ 24.7%€577,117▲ 279%€454,055▼ 21.3%€254,951▼ 43.9%
Total assets€1.6m▲ 19.9%€2.1m▲ 30.9%€4.4m▲ 111%€6.5m▲ 48.9%€5.7m▼ 11.6%
Debt€1.3m▲ 23.9%€1.9m▲ 41.1%€3.6m▲ 92.5%€5.8m▲ 63.4%€5.2m▼ 10.2%
Working capital-€70,683▲ 52.3%€31,445-€2.7m-€3.9m▼ 44.6%-€3.5m▲ 10.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2025 Net result -415% on 2024. The accounts now follow the abbreviated schema, last year the micro schema.
- 2023 Equity +279%, Total assets +111% on 2022. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €131,612 in 2025 against €60,692 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.7m
Fixed assets
€5.5m ▼ 12.3%
Current assets
€252,035 ▲ 7.7%
Equity and liabilities €5.7m
Equity
€254,951 ▼ 43.9%
Provisions
€245,950 ▲ 21.7%
Debt
€5.2m ▼ 10.2%
Debt's share of the balance-sheet total rises from 89.9% to 91.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€27,746▼
2024 · €19,352
Cash flow
-€530,187▼
2024 · -€43,018
Current ratio
0.07▲
2024 · 0.06
Debt to equity
20.53▲
2024 · 12.84
ROE
-248.7%▼
2024 · -27.1%
ROA
-11.1%▼
2024 · -1.9%
Interest coverage
-0.36▼
2024 · 0.28
Debt ≤ 1 year
€3.7m▼
2024 · €4.1m
Debt > 1 year
€1.5m▼
2024 · €1.7m
Income taxes
€0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 175 companies that looked in July 2024 the way this one looks now, 4.0% went bankrupt within 24 months and 85% are still going.
- Small
- 20 years or older
- solvency under 10%
- a loss of 10% of the balance sheet or more
4.0%
went bankrupt
8.0%
stopped otherwise
85%
still going
A further 3.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 175 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €39,379 | €600 | ▼ 98.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €100,476 | €57,572 | €26,306 | €80,044 | €103,867 | ▲ 29.8% |
| Other operating charges640/8 | €2,099 | €20,308 | €8,225 | €6,519 | €8,374 | ▲ 28.5% |
| Non-recurring operating charges66A | - | - | - | - | €63,103 | - |
| Gross operating margin9900 | €140,783 | €55,923 | €22,408 | €25,870 | €43,730 | ▲ 69.0% |
| Operating profit (loss)9901 | €38,208 | -€21,956 | -€12,123 | -€60,692 | -€131,612 | ▼ 117% |
| Financial income75/76B | €4 | €1 | €4,802 | €0 | €2,162 | ▲ 900,654% |
| Recurring financial income75 | €4 | €1 | €4,802 | €0 | €2,162 | ▲ 900,654% |
| Financial charges65/66B | €28,182 | €31,411 | €94,637 | €70,353 | €77,635 | ▲ 10.4% |
| Recurring financial charges65 | €25,798 | €31,411 | €94,637 | €70,353 | €77,635 | ▲ 10.4% |
| Non-recurring financial charges66B | €2,384 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €10,030 | -€53,366 | -€101,958 | -€131,044 | -€207,086 | ▼ 58.0% |
| Transfer from deferred taxes780 | €3,243 | €3,243 | €2,385 | €7,982 | €7,982 | = |
| Transfer to deferred taxes680 | - | - | - | - | €434,950 | - |
| Income taxes67/77 | €957 | - | - | - | €0 | - |
| Profit (loss) for the period9904 | €12,316 | -€50,123 | -€99,573 | -€123,062 | -€634,054 | ▼ 415% |
| Transfer from tax-exempt reserves789 | €6,298 | €6,298 | €7,156 | €23,947 | €23,947 | = |
| Transfer to tax-exempt reserves689 | - | - | - | - | €284,061 | - |
| Profit (loss) for the period to be appropriated9905 | €18,614 | -€43,825 | -€92,417 | -€99,115 | -€894,168 | ▼ 802% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.6m | €2.1m | €4.4m | €6.5m | €5.7m | ▼ 11.6% |
| Fixed assets21/28 | €1.6m | €2.0m | €4.2m | €6.3m | €5.5m | ▼ 12.3% |
| Intangible fixed assets21 | - | - | - | - | €356,223 | - |
| Tangible fixed assets22/27 | €1.6m | €2.0m | €2.0m | €2.2m | €2.9m | ▲ 33.8% |
| Land and buildings22 | €1.5m | €1.5m | €780,462 | €2.1m | €2.9m | ▲ 34.3% |
| Plant, machinery and equipment23 | €14,669 | €14,199 | - | €2,141 | €5,985 | ▲ 180% |
| Furniture and vehicles24 | - | - | €27,179 | €30,771 | €26,180 | ▼ 14.9% |
| Assets under construction and advance payments27 | €12,600 | €472,927 | €1.2m | €0 | - | - |
| Financial fixed assets28 | - | - | €2.2m | €4.1m | €2.2m | ▼ 45.5% |
| Current assets29/58 | €15,121 | €98,111 | €158,115 | €234,028 | €252,035 | ▲ 7.7% |
| Amounts receivable within one year40/41 | €7,389 | €5,448 | €30,047 | €20 | €29,384 | ▲ 148,979% |
| Trade receivables40 | €3,801 | - | - | €0 | €26,710 | - |
| Other amounts receivable41 | €3,589 | €5,448 | €30,047 | €20 | €2,674 | ▲ 13,466% |
| Current investments50/53 | €36 | €36 | €36 | €200,034 | €200,034 | = |
| Cash at bank and in hand54/58 | €7,696 | €10,900 | €125,569 | €33,496 | €21,152 | ▼ 36.9% |
| Deferred charges and accrued income490/1 | - | €81,727 | €2,462 | €477 | €1,465 | ▲ 207% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.6m | €2.1m | €4.4m | €6.5m | €5.7m | ▼ 11.6% |
| Equity10/15 | €202,550 | €152,428 | €577,117 | €454,055 | €254,951 | ▼ 43.9% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | - | - | €62,000 | €62,000 | = |
| Issued capital100 | - | - | - | €62,000 | €62,000 | = |
| Revaluation surpluses12 | - | - | - | - | €434,950 | - |
| Reserves13 | €125,855 | €119,558 | €636,664 | €612,718 | €872,832 | ▲ 42.5% |
| Non-distributable reserves130/1 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | - | - | €6,200 | €6,200 | = |
| Reserves not available under the articles1311 | €6,200 | €6,200 | €6,200 | - | - | - |
| Tax-exempt reserves132 | €119,655 | €113,358 | €630,464 | €606,518 | €866,632 | ▲ 42.9% |
| Profit (loss) carried forward14 | €14,695 | -€29,130 | -€121,548 | -€220,663 | -€1.1m | ▼ 405% |
| Provisions and deferred taxes16 | €61,625 | €58,381 | €210,155 | €202,173 | €245,950 | ▲ 21.7% |
| Deferred taxes168 | €61,625 | €58,381 | €210,155 | €202,173 | €245,950 | ▲ 21.7% |
| Amounts payable17/49 | €1.3m | €1.9m | €3.6m | €5.8m | €5.2m | ▼ 10.2% |
| Amounts payable after more than one year17 | €1.2m | €1.8m | €708,411 | €1.7m | €1.5m | ▼ 11.3% |
| Financial debts170/4 | €1.2m | €1.8m | €708,411 | €1.7m | €1.5m | ▼ 11.3% |
| Amounts payable within one year42/48 | €85,804 | €66,666 | €2.9m | €4.1m | €3.7m | ▼ 9.8% |
| Current portion of amounts payable after more than one year42 | €35,287 | €55,939 | €54,610 | €54,863 | €55,119 | ▲ 0.5% |
| Financial debts43 | - | - | - | €399,750 | €399,646 | = |
| Credit institutions430/8 | - | - | - | €399,750 | €399,646 | = |
| Trade debts44 | - | €8,299 | €12,285 | €20,097 | €27,912 | ▲ 38.9% |
| Suppliers440/4 | - | €8,299 | €12,285 | €20,097 | €27,912 | ▲ 38.9% |
| Taxes, remuneration and social security45 | €2,448 | €2,427 | €904 | €4,296 | €109,806 | ▲ 2,456% |
| Taxes450/3 | €2,448 | €2,427 | €904 | €4,296 | €109,806 | ▲ 2,456% |
| Other amounts payable47/48 | €48,070 | - | €2.8m | €3.7m | €3.1m | ▼ 14.2% |
| Accrued charges and deferred income492/3 | €83 | - | €3,402 | €4,972 | €5,998 | ▲ 20.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,316 | -€50,123 | -€99,573 | -€123,062 | -€634,054 | ▼ 415% |
| + Depreciation and write-downs630 | €100,476 | €57,572 | €26,306 | €80,044 | €103,867 | ▲ 29.8% |
| Operating cash flow (approximation) | €112,792 | €7,449 | -€73,267 | -€43,018 | -€530,187 | ▼ 1,132% |
| Investment in fixed assets (approximation) | - | -€461,345 | -€2.3m | -€2.1m | €664,470 | ▲ 131% |
| Change in cash | - | €3,205 | €114,669 | -€92,073 | -€12,345 | ▲ 86.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
14-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 14 days late
22-01
State Gazette act
Capital & shares · Statutes amendment · Resignations & appointments · RestructuringMerger · Accounting effect · Real estate16 facts ▸
State Gazette act
Capital & shares · Statutes amendment · Resignations & appointments · Restructuring
Merger · Accounting effect · Real estate16 facts ▸
- General meeting, 31-12-2025
- Merger, absorption, ontbinding zonder vereffening
- Accounting effect, 01-10-2025
- Real estate, Woonhuis met aanhorigheden, Evendijk-Oost 93, Blankenberge-Uitkerke, sectie B 500F2 P0000, 2a 46ca
- Real estate, Woonhuis met aanhorigheden, Evendijk-Oost 95, Blankenberge-Uitkerke, sectie B 500G2 P0000, 2a 41ca
- Real estate, Woonhuis met aanhorigheden, Evendijk-Oost 99, Blankenberge-Uitkerke, sectie B 500C2 P0000, 2a 33ca
- Real estate, Appartement 1.1, residentie 'Ebbe en Vloed', J. de Troozlaan 1/3, Blankenberge, 105/1000ste mede-eigendom, kelder 1
- Real estate, Appartement 1.2, residentie 'Ebbe en Vloed', J. de Troozlaan 1/3, Blankenberge, 105/1000ste mede-eigendom, kelder 2
- Statutes amendment
- Capital, €62.000
- Power of attorney, COMWIZ
- Mandate compensation, VERHEYDEN, Rik Alida Adolf
- +4 further facts in this act
2025
31-12
Financial
Weakest financial yearnet -€634,054
Net result drops to -€634,054, the lowest in the series.
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €500,000Eq €577,117 ▲279%
Equity rises from €152,428 to €577,117.
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity times 8current ratio 1.47
Current ratio from 0.18 to 1.47; short-term debt falls from €85,804 to €66,666.
11-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 11 days late
2021
31-12
Financial
Back to profitnet €12,316
Net result €12,316 after one loss-making year.
31-12
Financial
Equity above €200,000Eq €202,550 ▲6.5%
Equity rises from €190,234 to €202,550.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Show earlier events
2020
09-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €10,785
Net result €10,785 after one loss-making year.
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 19 days late
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 10 acts read
About the unread acts
Of the 10 Belgian State Gazette acts we know for this company, 1 has been read. The other 9 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
10 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Waasmunster · 1 establishment unit since 2002
Ground area
2,603 m²
Building footprint
279 m²
Parcel 42023B0670/00V002, Flanders. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Oudeheerweg-Heide 101, 9250 Waasmunster
since 20022.095.765.370
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42023B0670/00V002 | Flanders | 2,603 m² | 1 · 279 m² | - |
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.
Articles of association
Purpose
Import en export, groot- en kleinhandel in producten van de informatica en de telecommunicatie...; verlenen van bijstand, advies en leiding...; aanleggen, uitbouwen en beheren van…
Full purpose
Import en export, groot- en kleinhandel in producten van de informatica en de telecommunicatie...; verlenen van bijstand, advies en leiding...; aanleggen, uitbouwen en beheren van onroerend en roerend vermogen; participaties; leningen.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2023 list no shareholders, and no other source names one.
Holdings 1
- GodevasubsidiarySourceown accounts 2023100%
According to the 2023 annual accounts of COMWIZ and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionTook over:FIRMA PAUL VANDER CRUYSSE
Capital and shareholders
Capital over the years
- 22-01-2026 Capital stated in the act · 62,000 EUR · 620 shares
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Of 7,326 companies in sector 68110 we hold annual accounts for 5,384. 3,855 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded14-08-2001
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
Contact
Phone
0476/231127Waasmunster
E-invoicing
Reachable via Peppol
Peppol ID
0208:0475476281
Also
9925:BE0475476281
Registered
20-01-2026
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.