KOMACO
ActiveKOMACO has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €180k and a net result of €-65k. Equity is growing by ~8.4% per year across the filed fiscal years. Its solvency ranks better than 35% of 15868 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
42
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability10▼-55
Solvency45▼-5
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days only on tighter terms
Liquidity short (current ratio 0.82 against 0.92 in 2023; short-term debt: 67.3% and cash: 0.3% of total assets), and 80.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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 2024Solvency, return and age of the figures
Solvency
19.9%
Return on assets
-7.2%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
30 d late
2022
21 d early
2021
31 d early
2020
59 d late
2019
91 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€180k▼ 26.4%
2023 · €244k
2018: €127k
2019: €161k
2020: €149k
2021: €229k
2022: €241k
2023: €244k
2018 → 2024
Total assets
€902k▼ 6.3%
2023 · €962k
2018: €464k
2019: €946k
2020: €936k
2021: €1.07M
2022: €1.01M
2023: €962k
2018 → 2024
Net result
€-65k
2023 · €4k
2018: €53k
2019: €34k
2020: €-12k
2021: €80k
2022: €12k
2023: €4k
2018 → 2024
Working capital
€-110k▼ 132%
2023 · €-47k
2018: €153k
2019: €-7k
2020: €-59k
2021: €-28k
2022: €-53k
2023: €-47k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€149k-€229k▲ 53.5%€241k▲ 5.3%€244k▲ 1.5%€180k▼ 26.4%
Operating result€10k-€91k▲ 821%€18k▼ 80.6%€23k▲ 30.8%€-47k
Net result€-12k-€80k€12k▼ 84.8%€4k▼ 69.9%€-65k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €47k after €23k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €902k
Fixed assets
€404k▼ 5.4%
Current assets
€498k▼ 7.0%
Equity and liabilities €902k
Equity
€180k▼ 26.4%
Debt
€722k▲ 0.5%
The debt ratio rises from 74.6% to 80.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-34k▼
2023 · €36k
Cash flow
€-51k▼
2023 · €17k
Solvency
19.9%▼
2023 · 25.4%
Current ratio
0.82▼
2023 · 0.92
Quick ratio
0.82▼
2023 · 0.92
Debt / equity
4.02▲
2023 · 2.94
ROE
-35.9%▼
2023 · 1.5%
ROA
-7.2%▼
2023 · 0.4%
Interest coverage
-6.88▼
2023 · 5.47
Debt
€722k▲
2023 · €718k
Debt ≤ 1 year
€607k▲
2023 · €582k
Debt > 1 year
€115k▼
2023 · €136k
Income taxes
€3k▼
2023 · €13k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€962k€902k▼
Fixed assets21/28€427k€404k▼
Tangible fixed assets22/27€183k€170k▼
Land and buildings22€179k€167k▼
Plant, machinery and equipment23€4k€3k▼
Financial fixed assets28€244k€234k▼
Current assets29/58€535k€498k▼
Amounts receivable after more than one year29€288k€288k=
Other amounts receivable291€288k€288k=
Amounts receivable within one year40/41€245k€208k▼
Trade receivables40€212k€205k▼
Other amounts receivable41€32k€2k▼
Cash at bank and in hand54/58€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€962k€902k▼
Equity10/15€244k€180k▼
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Reserves13€226k€226k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Distributable reserves133€224k€224k=
Profit (loss) carried forward14-€-65k
Amounts payable17/49€718k€722k▲
Amounts payable after more than one year17€136k€115k▼
Financial debts170/4€136k€115k▼
Amounts payable within one year42/48€582k€607k▲
Current portion of amounts payable after more than one year42€72k€41k▼
Trade debts44€17k€4k▼
Suppliers440/4€17k€4k▼
Other amounts payable47/48€493k€562k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€13k=
Other operating charges640/8€1k€1k▼
Gross operating margin9900€38k€-32k▼
Operating profit (loss)9901€23k€-47k▼
Financial income75/76B-€3
Recurring financial income75-€3
Financial charges65/66B€7k€15k▲
Recurring financial charges65€7k€5k▼
Non-recurring financial charges66B-€10k
Profit (loss) for the period before taxes9903€16k€-62k▼
Income taxes67/77€13k€3k▼
Profit (loss) for the period9904€4k€-65k▼
Profit (loss) for the period to be appropriated9905€4k€-65k▼
Appropriation of the result
Profit (loss) to be appropriated9906€4k€-65k▼
Transfer to equity691/2€4k-
To other reserves6921€4k-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
03-09
State Gazette act
Incorporation · Founding capital
Corporate purpose · First fiscal year
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Weakest financial yearnet €-65k ▼1865%
Net result drops to €-65k, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €80k
Net result €80k after one loss-making year.
31-12
Financial
Equity above €200kEq €229k ▲53.5%
Equity rises from €149k to €229k.
28-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 59 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Equity above €150kEq €161k ▲27.2%
2 profitable years in a row build equity to €161k.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
28-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Kortenberg · 1 establishment unit since 2006
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Mechelsesteenweg 433071 KortenbergGround area
2,712 m²
Building footprint
276 m²
Parcel 24025A0120/00E004, Flanders. Linked by address, not a title deed.
1 establishment unit
KOMACO
since 20062.155.308.821
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24025A0120/00E004 | Flanders | 2,712 m² | 1 · 276 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
SERVICE TOOLS BELGIUM
BE 0892.243.810
Sint-Jans-Molenbeek · Eq €180k
ZM Automotive
BE 0669.586.941
Etterbeek · Eq €179k
PARTEK
BE 0651.678.761
Brugge · Eq €178k
COSKUN
BE 0477.428.555
Sint-Truiden · Eq €181k
AEB TRADING
BE 0834.658.175
Perwez · Eq €177k
Of 1,746 companies in sector 46720 we hold annual accounts for 1,084. 725 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded05-05-2006
Fiscal year end31-12
Activities, NACEBEL
45310
46720Wholesale of motor vehicle parts and accessories
50301
47820Retail sale of motor vehicle parts and accessories
50302
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.