COMZO
ActiveSummary
COMZO has been active since 2001 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €417,833 and a net result of €105,215. Equity is growing by about 6.6% per year across the filed financial years. Its solvency ranks better than 72% of 34,807 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Equity
- €417,833
- Profit
- €105,215
Why 94raises riskSector: Specialised construction activities (NACE 43)lowers riskFounded in 2001Equity €417,833 (66.6% of total assets)Size: total assets €627,171Show 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 43, micro): better than 73% on solvency, 42% on liquidity, 75% on profitability and 59% on growth.
The bankruptcy probability was computed on 30-10-2026 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).
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Signals
This company filed its last 7 accounts on average 2 days before the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Highest result from 2019 to 2025net €105,215 ▲68.9%
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 56% above 2024 and is the highest result in the available series.
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 43, Specialised construction activities: 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 20,136 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95.0% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
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 20,136 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 |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €10 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,134 | €9,595 | €8,514 | €11,063 | €10,389 | €930 | €1,095 | ▲ 17.8% |
| Other operating charges640/8 | - | - | - | €569 | €612 | €502 | €803 | ▲ 59.9% |
| Gross operating margin9900 | €103,659 | €89,176 | €90,121 | €69,605 | €69,224 | €98,086 | €152,916 | ▲ 55.9% |
| Operating profit (loss)9901 | €92,025 | €78,620 | €80,865 | €57,973 | €58,223 | €96,654 | €151,018 | ▲ 56.2% |
| Financial income75/76B | - | - | - | €1,608 | €1,261 | €3,352 | €15,167 | ▲ 352% |
| Recurring financial income75 | €2,099 | €2,015 | €1,883 | €1,579 | €1,254 | €3,327 | €15,167 | ▲ 356% |
| Non-recurring financial income76B | - | - | - | €29 | €6 | €25 | - | - |
| Financial charges65/66B | - | - | - | €2,197 | €3,523 | €6,851 | €10,138 | ▲ 48.0% |
| Recurring financial charges65 | €2,613 | €2,632 | €2,167 | €2,197 | €3,523 | €6,851 | €10,138 | ▲ 48.0% |
| Profit (loss) for the period before taxes9903 | €91,517 | €78,029 | €80,591 | €57,384 | €55,961 | €93,155 | €156,047 | ▲ 67.5% |
| Income taxes67/77 | €34,241 | €28,052 | €27,097 | €22,694 | €19,143 | €30,858 | €50,832 | ▲ 64.7% |
| Profit (loss) for the period9904 | €57,276 | €49,976 | €53,494 | €34,690 | €36,818 | €62,298 | €105,215 | ▲ 68.9% |
| Transfer from tax-exempt reserves789 | - | - | - | €9,000 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €57,276 | €49,976 | €53,494 | €43,690 | €36,818 | €62,298 | €105,215 | ▲ 68.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €335,871 | €372,205 | €413,431 | €432,056 | €454,504 | €517,660 | €627,171 | ▲ 21.2% |
| Fixed assets21/28 | €30,570 | €22,864 | €20,936 | €11,198 | €2,273 | €1,343 | €3,175 | ▲ 136% |
| Tangible fixed assets22/27 | €30,409 | €22,703 | €20,774 | €11,037 | €2,112 | €1,182 | €3,013 | ▲ 155% |
| Land and buildings22 | - | - | - | €1,250 | - | - | - | - |
| Plant, machinery and equipment23 | - | - | - | €1,176 | €2,112 | €1,182 | €401 | ▼ 66.1% |
| Furniture and vehicles24 | - | - | - | €8,611 | - | - | €2,612 | - |
| Financial fixed assets28 | €161 | €161 | €161 | €161 | €161 | €161 | €161 | = |
| Current assets29/58 | €305,301 | €349,341 | €392,496 | €420,858 | €452,231 | €516,317 | €623,997 | ▲ 20.9% |
| Stocks and contracts in progress3 | €9,320 | €9,752 | €9,956 | €9,829 | €9,965 | €9,565 | €9,323 | ▼ 2.5% |
| Stocks30/36 | - | - | - | €9,829 | €9,965 | €9,565 | €9,323 | ▼ 2.5% |
| Amounts receivable within one year40/41 | €47,144 | €32,145 | €25,203 | €22,114 | €17,304 | €24,380 | €40,352 | ▲ 65.5% |
| Trade receivables40 | - | - | - | €21,624 | €16,392 | €24,380 | €39,234 | ▲ 60.9% |
| Other amounts receivable41 | - | - | - | €490 | €911 | - | €1,119 | - |
| Current investments50/53 | - | - | - | - | - | €300,000 | €500,000 | ▲ 66.7% |
| Cash at bank and in hand54/58 | €248,671 | €307,273 | €357,162 | €388,733 | €424,195 | €182,372 | €71,361 | ▼ 60.9% |
| Deferred charges and accrued income490/1 | - | - | - | €182 | €767 | - | €2,960 | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €335,871 | €372,205 | €413,431 | €432,056 | €454,504 | €517,660 | €627,171 | ▲ 21.2% |
| Equity10/15 | €258,341 | €308,318 | €340,812 | €344,502 | €341,320 | €369,618 | €417,833 | ▲ 13.0% |
| Contributions10/11 | €6,200 | - | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €252,141 | €302,118 | €334,612 | €338,302 | €335,120 | €363,418 | €411,633 | ▲ 13.3% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - |
| Other1319 | - | - | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | €336,442 | €333,260 | €363,418 | €411,633 | ▲ 13.3% |
| Amounts payable17/49 | €77,529 | €63,887 | €72,619 | €87,554 | €113,184 | €148,042 | €209,339 | ▲ 41.4% |
| Amounts payable within one year42/48 | €76,529 | €62,431 | €71,161 | €86,206 | €111,837 | €146,515 | €208,339 | ▲ 42.2% |
| Trade debts44 | €5,404 | €4,454 | €2,767 | €2,173 | €8,681 | €1,448 | €9,583 | ▲ 562% |
| Suppliers440/4 | - | - | - | €2,173 | €8,681 | €1,448 | €9,583 | ▲ 562% |
| Advances received on contracts in progress46 | - | - | - | €193 | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €26,214 | €3,911 | €16,850 | €12,727 | ▼ 24.5% |
| Taxes450/3 | - | - | - | €25,604 | €2,910 | €14,845 | €9,715 | ▼ 34.6% |
| Remuneration and social security454/9 | - | - | - | €611 | €1,001 | €2,005 | €3,012 | ▲ 50.2% |
| Other amounts payable47/48 | - | - | - | €57,627 | €99,246 | €128,217 | €186,029 | ▲ 45.1% |
| Accrued charges and deferred income492/3 | - | - | - | €1,348 | €1,348 | €1,527 | €1,000 | ▼ 34.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €57,276 | €49,976 | €53,494 | €34,690 | €36,818 | €62,298 | €105,215 | ▲ 68.9% |
| + Depreciation and write-downs630 | €11,134 | €9,595 | €8,514 | €11,063 | €10,389 | €930 | €1,095 | ▲ 17.8% |
| Operating cash flow (approximation) | €68,410 | €59,571 | €62,009 | €45,753 | €47,207 | €63,227 | €106,310 | ▲ 68.1% |
| Investment in fixed assets (approximation) | - | -€1,889 | -€6,586 | -€1,325 | -€1,464 | €0 | -€2,926 | - |
| Change in cash | - | €58,603 | €49,889 | €31,571 | €35,463 | -€241,824 | -€111,011 | ▲ 54.1% |
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 24 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | micro format | 30-01-2026 | 2026-00030615 |
| 30-06-2024 | micro format | 03-02-2025 | 2025-00027732 |
| 30-06-2023 | micro format | 30-01-2024 | 2024-00012261 |
| 30-06-2022 | micro format | 31-01-2023 | 2023-00011454 |
| 30-06-2021 | micro format | 31-01-2022 | 2022-03900445 |
| 30-06-2020 | micro format | 02-02-2021 | 2021-04900223 |
| 30-06-2019 | micro format | 15-01-2020 | 2020-01300416 |
| 30-06-2018 | micro format | 14-01-2019 | 2019-01100419 |
| 30-06-2017 | micro format | 12-01-2018 | 2018-01300375 |
| 30-06-2016 | abbreviated format | 16-01-2017 | 2017-01400472 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2022 to 2025 · 2 entries · €161 awarded · €161 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €75 | €75 |
| 2022 | 1 | €86 | €86 |
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
| Name | Functions and periods |
|---|---|
| Ann Delhaye |
|
| Pascal Traen |
|
Owners and capital
Capital and shareholders
- Pascal Traen all shares
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 18-08-2023 Capital stated in the deed · 100 shares
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
18-08
Gazette deed
Resignations: Pascal Traen (director) and Ann Delhaye (director)Appointments: Pascal Traen (director) and Ann Delhaye (director) · Legal form clause · Capital conversion14 facts ▸
- General meeting, 26-07-2023
- Other provision, “8210 Zedelgem,Petrus Vanhaverbekestraat 17, oprichting en rechtsvormgeschiedenis en register” (deed in Dutch)
- Legal form clause, “aanpassing statuten aan WVV en behoud rechtsvorm besloten vennootschap (afgekort BV)”, 1 (deed in Dutch)
- Capital conversion, “opheffing, statutair onbeschikbare eigen vermogensrekening bestaande uit werkelijk gestort kapitaal en wettelijke reserve” (deed in Dutch)
- Director resignation, Pascal Traen (director (not named in the articles))
- Director resignation, Ann Delhaye (director (not named in the articles))
- Director appointment, Pascal Traen (director (not named in the articles))
- Director appointment, Ann Delhaye (director (not named in the articles))
- Purpose change
- Amendment of the articles
- Capital
- Registered office clause, “Vlaams Gewest, 8210 Zedelgem,Petrus Vanhaverbekestraat 17” (deed in Dutch)
- +2 further facts in this act
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0474.306.739
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 31040F1112/00L000 | Flanders | 1,051 m² | 1 · 224 m² | 7.7 m · 2 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- COMZO
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, Artikel 2” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Two directors jointly
- Board ruleHow the board is made up, meets and takes decisions.
- “Natuurlijke personen of rechtspersonen, in naam en voor rekening van rechtspersoon” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, te goeder trouw rekening houdend met belang blote eigenaar en verplichting substantie in stand te houden gelet op bestemming” (deed in Dutch)
- Share issue ruleHow and by whom new shares can be issued.
- “Naar evenredigheid aantal aandelen in bezit, per e-mail aan aandeelhouders,per gewone post indien geen e-mailadres,zelfde dag verzonden als…” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Friday of November at 09:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Statutenwijziging, elk moment” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Ontbinding om welke reden en op welk ogenblik ook, bestuurder(s) in functie” (deed in Dutch)