Equity
€1.6m from €4.8m in 2020
Equity fell by 67% in 5 years.
Komax Belgium
Lifetime
17 annual accounts with figures on one time axis, 28 filings since 1998peak €9.7m (2023)
€8.9m▼ 1.0%
lowest -€1.9m (2025)
-€1.9m▼ €1.7m
peak €4.8m (2020)
€1.6m▼ 55.0%
€3.9m▼ 15.5%
peak 55.1 FTE (2019)
41.2 FTE▼ 13.6%
Board12 names since 2019
5 directorsMatijas Meyer and 4 others
Owners3 names in the annual accounts
Documentsfilings and deeds
02-07-202629 days before the deadline
2025financial year
Loss of €1.9mStaff from 47.7 FTE to 41.2 FTEEquity from €3.5m to €1.6mDebts from €4.6m to €3.9mCash from €644,083 to €971,928
Key points
from the 2025 annual accountsLosses
-€3.2m in five years
Every financial year from 2021 to 2025 closed with a loss. 2025 was the heaviest.
Staff
39 employees on 31-12-2025
In 2025, 14 people joined and 22 left. On top of that, 1.2 agency workers worked there on average.
Payment terms
49 days to suppliers
Komax Belgium pays its suppliers 17 days earlier than in 2024. Customers pay 29 days earlier.
Filings
28 annual accounts 29 filings since 1998
Four of the last ten came late. The 2022 accounts came latest: 99 days after the end of the period.
Position in the sector
-€1.9m
Lower net result than 95% of companies in machinery and equipment. Sector median €150,798 · 384 companies.
Checked score
54
Fair
Financially stronger than 24% of small companies in machinery and equipment (NACE 28)
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 290 companies (NACE 28, small).
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025lowest value
04-2025: 0.3%● unchanged vs 03-2025lowest value
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 0.3%● unchanged vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.7%▲ +0.4 percentage points vs 07-2026highest value
09-2026: 0.7%● unchanged vs 08-2026highest value
10-2026: 0.7%● unchanged vs 09-2026highest value
11-2026: 0.7%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Loss of €1.9m, the second in a row (financial year 2025)
Sector: Manufacture of machinery and equipment not elsewhere classified (NACE 28)
lowers risk
Liquidity: current ratio 1.13, cash €971,928
Legal form: public limited company
Calculation
The band follows from the bankruptcy probability. 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 28, small). It does better than 32% of them on solvency, 33% on liquidity, 3% on profitability and 29% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 307 companies had the same profile as Komax Belgium has now. Each dot is one company, two years later.
88.9%
were still trading
5.2%
stopped another way
4.9%
went bankrupt
Another 1.0% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Komax Belgium itself is lower: 0.7% within 12 months. It rests on far more data about Komax Belgium than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 307 companies, not a prediction for Komax Belgium. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €85,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is tight, with a current ratio of 1.13 (1.49 in 2024), below the usual 1.5. Short-term debt is 69.6% and cash 17.6% of total assets. 71.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
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
1919202122232425
2019 to 2025 · latest year -€1.9m
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 days early
2024
43 days early
2023
37 days early
2022
99 days late
2021
80 days late
2020
10 days late
2019
89 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 24 days after the deadline. In the sector (NACE 28), the median for financial year 2024 was 11 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 2 July (4 of the last 5 accounts filed within 109 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Appointments: Predrag Matijas Meyer (director) and Finvision Bedrijfsrevisoren BV (statutory auditor)
General meeting of 16-06-2025 · Gazette deed
Resignation: Andreas Wolfisberg (director)
Appointment: Christian Mäder (director) · General meeting of 04-12-2023 · Gazette deed
1 director appointed, 1 statutory auditor reappointed
Appointment: C & I Intemational Consulting CommV (managing director) · Permanent representative: Christiaan Van Doninck · Reappointment: Finvision Bedrijfsrevisoren Antwerpen Bv (statutory auditor) · General meeting of 24-02-2023 · Gazette deed
Resignation: Luc Sneyders (managing director)
Director discharge: Luc Sneyders · General meeting of 15-12-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Komax Belgium Beerse | €8.9m | -21.1% | 28.8% | 41.2 |
| LAMBRECHTS KONSTRUKTIE Puurs-Sint-Amands | €7.9m | -8.2% | 36.1% | 36.2 |
| LYSAIR Wielsbeke | €11.9m | 3.7% | 45.5% | 43.5 |
| BOBST BENELUX Antwerp | €20.9m | 3.2% | 55.5% | 53.9 |
| KUKA AUTOMATISERING + ROBOTS Houthalen-Helchteren | €14.5m | 3.2% | 85.3% | 25.5 |
| ROBOJOB Heist-op-den-Berg | €23.6m | 7.0% | 49.5% | 58.1 |
| ENGINEERED PRESSURE SYSTEMS INTERNATIONAL Temse | €13.3m | 9.6% | 57.3% | 32.1 |
Grey: the largest companies of the sector (machinery and equipment (NACE 28)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as Komax Belgium: manufacture of machinery and equipment not elsewhere classified (NACE 28990). They are comparable in size and age: total assets between €7.5m and €15m, founded between 1969 and 2007.
Official details
Source: KBO- Status
- Active since 08-10-1996Normal situation
- Activity
- Manufacture of machinery and equipment not elsewhere classifiedNACE 28990and 3 others
- Joint committees
- 111Metal, mechanical and electrical engineering
- 209White-collar workers in metal manufacturing · annual accounts 2025
- Establishment units
- 2.078.967.0492340 Beerse, since 05-11-1996
- 2.299.541.3863294 Diest, since 27-12-2019
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €5.5m▼ 32.0%
- Employeeson 31-12-2025
- 39▼ 17.0%
- Filing
- Filed on 02-07-2026, 29 days before the end of the filing period
Insights on Komax Belgium
Komax Belgium has existed since 1996. The present size dates from 2019. Turnover rose that year from €335,665 to €7.9m and staff from 2 to 55.1 full-time equivalents. On 27 December 2019 a site was added.
Solvency fell in 2025 from 43.5% to 28.8% because of the loss.
In March 2023, the Official Gazette published the appointment of C & I International Consulting as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Komax Belgium
- What is the company number of Komax Belgium?
- The company number of Komax Belgium is 0458.961.042. The VAT number is the same number with BE in front: BE 0458.961.042.
- Where is Komax Belgium based?
- The registered office is at Ketelaarstraat 8, 2340 Beerse.Company details
- What does Komax Belgium do?
- According to the KBO register, the main activity is manufacture of machinery and equipment not elsewhere classified (NACE 28990).
- What is the legal form of Komax Belgium?
- Komax Belgium is a public limited company (NV).
- When was Komax Belgium founded?
- Komax Belgium was founded on 08-10-1996.
- Is Komax Belgium still active?
- Yes, Komax Belgium is an active enterprise in the KBO register.
- How many employees does Komax Belgium have?
- Komax Belgium had an average of 41.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Komax Belgium fall under?
- In its 2025 annual accounts, Komax Belgium states joint committees 111 (Metal, mechanical and electrical engineering) and 209 (White-collar workers in metal manufacturing).
- What is the turnover of Komax Belgium?
- The turnover of Komax Belgium was €8.9m in financial year 2025, according to the filed annual accounts.
- Is Komax Belgium profitable?
- In financial year 2025, Komax Belgium made a loss of €1.9m.
- Where can I find the annual accounts of Komax Belgium?
- Komax Belgium filed 29 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Komax Belgium due?
- Komax Belgium must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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