KOMMAF
ActiveSummary
KOMMAF has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4k and a net result of €239k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 7058 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency26▼-35
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
0.7%
Return on assets
44.4%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 7058 sector peers (2025).
NBB · sector comparisonPosition among 7058 sector peers
Solvency
better than 14%
← weakest
strongest →
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 11-03-2026, 142 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
142 d early
2024
107 d early
2023
69 d early
2022
105 d early
2021
2 d early
2020
31 d late
2019
91 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€4k▼ 98.1%
2024 · €182k
2019: €52k
2020: €122k▲ +135% vs 2019
2021: €211k▲ +72.5% vs 2020
2022: €263k▲ +24.5% vs 2021highest in 7 years
2023: €240k▼ -8.7% vs 2022
2024: €182k▼ -24.1% vs 2023
2025: €4k▼ -98.1% vs 2024lowest in 7 years
2019 → 2025
Total assets
€538k▲ 5.1%
2024 · €512k
2019: €73klowest in 7 years
2020: €177k▲ +143% vs 2019
2021: €276k▲ +55.8% vs 2020
2022: €423k▲ +53.1% vs 2021
2023: €517k▲ +22.1% vs 2022
2024: €512k▼ -1.0% vs 2023
2025: €538k▲ +5.1% vs 2024highest in 7 years
2019 → 2025
Net result
€239k▲ 24.3%
2024 · €192k
2019: €49klowest in 7 years
2020: €70k▲ +44.6% vs 2019
2021: €89k▲ +26.3% vs 2020
2022: €122k▲ +37.0% vs 2021
2023: €167k▲ +37.4% vs 2022
2024: €192k▲ +14.9% vs 2023
2025: €239k▲ +24.3% vs 2024highest in 7 years
2019 → 2025
Working capital
€17▼ 100.0%
2024 · €158k
2019: €51k
2020: €116k▲ +125% vs 2019
2021: €210k▲ +81.4% vs 2020
2022: €220k▲ +5.0% vs 2021highest in 7 years
2023: €205k▼ -7.0% vs 2022
2024: €158k▼ -22.9% vs 2023
2025: €17▼ -100.0% vs 2024lowest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€211k-€263k▲ 24.5%€240k▼ 8.7%€182k▼ 24.1%€4k▼ 98.1%
2021: €211k
2022: €263k▲ +24.5% vs 2021highest in 5 years
2023: €240k▼ -8.7% vs 2022
2024: €182k▼ -24.1% vs 2023
2025: €4k▼ -98.1% vs 2024lowest in 5 years
Operating result€114k-€166k▲ 45.9%€226k▲ 35.9%€260k▲ 15.0%€322k▲ 23.7%
2021: €114klowest in 5 years
2022: €166k▲ +45.9% vs 2021
2023: €226k▲ +35.9% vs 2022
2024: €260k▲ +15.0% vs 2023
2025: €322k▲ +23.7% vs 2024highest in 5 years
Net result€89k-€122k▲ 37.0%€167k▲ 37.4%€192k▲ 14.9%€239k▲ 24.3%
2021: €89klowest in 5 years
2022: €122k▲ +37.0% vs 2021
2023: €167k▲ +37.4% vs 2022
2024: €192k▲ +14.9% vs 2023
2025: €239k▲ +24.3% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 24% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €538k
Fixed assets
€19k ▼ 23.0%
Current assets
€518k ▲ 6.5%
Equity and liabilities €538k
Equity
€4k ▼ 98.1%
Debt
€534k ▲ 62.2%
Debt's share of the balance-sheet total rises from 64.4% to 99.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€332k▲
2024 · €271k
Cash flow
€249k▲
2024 · €203k
Current ratio
1.00▼
2024 · 1.48
ROA
44.4%▲
2024 · 37.6%
Interest coverage
4790.35▲
2024 · 4204.88
Debt ≤ 1 year
€518k▲
2024 · €329k
Income taxes
€83k▲
2024 · €68k
Staff costs
€152k▼
2024 · €155k
A ratio outside any meaningful range has been withheld (balance sheet total €538k, equity €4k).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€512k€538k▲
Fixed assets21/28€25k€19k▼
Tangible fixed assets22/27€25k€19k▼
Furniture and vehicles24€25k€19k▼
Current assets29/58€487k€518k▲
Amounts receivable within one year40/41€135k€192k▲
Trade receivables40€132k€190k▲
Other amounts receivable41€3k€2k▼
Cash at bank and in hand54/58€352k€326k▼
Equity and liabilities
Total equity and liabilities10/49€512k€538k▲
Equity10/15€182k€4k▼
Contributions10/11€4k€4k=
Reserves13€179k€0▼
Distributable reserves133€179k€0▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€329k€534k▲
Amounts payable within one year42/48€329k€518k▲
Trade debts44€20k€22k▲
Suppliers440/4€20k€22k▲
Taxes, remuneration and social security45€59k€78k▲
Taxes450/3€34k€60k▲
Remuneration and social security454/9€25k€19k▼
Other amounts payable47/48€250k€418k▲
Accrued charges and deferred income492/3€200€16k▲
Income statement
Code20242025
Remuneration, social security and pensions62€155k€152k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€10k▼
Other operating charges640/8€642€1k▲
Gross operating margin9900€427k€485k▲
Operating profit (loss)9901€260k€322k▲
Financial income75/76B€112€112▲
Recurring financial income75€112€112▲
Financial charges65/66B€64€69▲
Recurring financial charges65€64€69▲
Profit (loss) for the period before taxes9903€260k€322k▲
Income taxes67/77€68k€83k▲
Profit (loss) for the period9904€192k€239k▲
Profit (loss) for the period to be appropriated9905€192k€239k▲
Appropriation of the result
Profit (loss) to be appropriated9906€192k€239k▲
Transfer from equity791/2€58k€179k▲
Profit to be distributed694/7€250k€418k▲
Return on contributions (dividend)694€250k€418k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €73k | €86k | €101k | €155k | €152k | ▼ 2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €6k | €11k | €11k | €10k | ▼ 7.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €333 | - | - | - | - | - |
| Other operating charges640/8 | €562 | €310 | €968 | €642 | €1k | ▲ 65.7% |
| Gross operating margin9900 | €191k | €259k | €339k | €427k | €485k | ▲ 13.6% |
| Operating profit (loss)9901 | €114k | €166k | €226k | €260k | €322k | ▲ 23.7% |
| Financial income75/76B | - | €59 | €5 | €112 | €112 | ▲ 0.5% |
| Recurring financial income75 | - | €59 | €5 | €112 | €112 | ▲ 0.5% |
| Financial charges65/66B | €68 | €20 | €61 | €64 | €69 | ▲ 7.5% |
| Recurring financial charges65 | €68 | €20 | €61 | €64 | €69 | ▲ 7.5% |
| Profit (loss) for the period before taxes9903 | €114k | €166k | €226k | €260k | €322k | ▲ 23.7% |
| Income taxes67/77 | €25k | €45k | €59k | €68k | €83k | ▲ 22.2% |
| Profit (loss) for the period9904 | €89k | €122k | €167k | €192k | €239k | ▲ 24.3% |
| Profit (loss) for the period to be appropriated9905 | €89k | €122k | €167k | €192k | €239k | ▲ 24.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €276k | €423k | €517k | €512k | €538k | ▲ 5.1% |
| Fixed assets21/28 | €8k | €43k | €36k | €25k | €19k | ▼ 23.0% |
| Tangible fixed assets22/27 | €8k | €43k | €36k | €25k | €19k | ▼ 23.0% |
| Plant, machinery and equipment23 | €8k | - | - | - | - | - |
| Furniture and vehicles24 | - | €43k | €36k | €25k | €19k | ▼ 23.0% |
| Current assets29/58 | €268k | €381k | €481k | €487k | €518k | ▲ 6.5% |
| Amounts receivable within one year40/41 | €68k | €94k | €115k | €135k | €192k | ▲ 42.8% |
| Trade receivables40 | €67k | €94k | €114k | €132k | €190k | ▲ 44.1% |
| Other amounts receivable41 | €650 | €650 | €650 | €3k | €2k | ▼ 19.0% |
| Cash at bank and in hand54/58 | €200k | €286k | €366k | €352k | €326k | ▼ 7.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €276k | €423k | €517k | €512k | €538k | ▲ 5.1% |
| Equity10/15 | €211k | €263k | €240k | €182k | €4k | ▼ 98.1% |
| Contributions10/11 | €4k | €4k | €4k | €4k | €4k | = |
| Capital10 | €4k | - | - | - | - | - |
| Issued capital100 | €4k | - | - | - | - | - |
| Outside capital11 | - | €4k | - | - | - | - |
| Other1109/19 | - | €4k | - | - | - | - |
| Reserves13 | €208k | €259k | €237k | €179k | €0 | ▼ 100% |
| Distributable reserves133 | €208k | €259k | €237k | €179k | €0 | ▼ 100% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €65k | €160k | €277k | €329k | €534k | ▲ 62.2% |
| Amounts payable within one year42/48 | €58k | €160k | €277k | €329k | €518k | ▲ 57.5% |
| Trade debts44 | €14k | €14k | €23k | €20k | €22k | ▲ 13.1% |
| Suppliers440/4 | €14k | €14k | €23k | €20k | €22k | ▲ 13.1% |
| Taxes, remuneration and social security45 | €43k | €84k | €61k | €59k | €78k | ▲ 32.2% |
| Taxes450/3 | €43k | €77k | €43k | €34k | €60k | ▲ 76.4% |
| Remuneration and social security454/9 | - | €8k | €17k | €25k | €19k | ▼ 27.0% |
| Other amounts payable47/48 | €2k | €62k | €193k | €250k | €418k | ▲ 67.1% |
| Accrued charges and deferred income492/3 | €7k | - | €200 | €200 | €16k | ▲ 7,700% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €89k | €122k | €167k | €192k | €239k | ▲ 24.3% |
| + Depreciation and write-downs630 | €3k | €6k | €11k | €11k | €10k | ▼ 7.5% |
| Operating cash flow (approximation) | €92k | €128k | €178k | €203k | €249k | ▲ 22.6% |
| Investment in fixed assets (approximation) | - | €-40k | €-4k | €0 | €-4k | - |
| Change in cash | - | €86k | €80k | €-14k | €-26k | ▼ 81.9% |
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
11-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2019net €239k ▲24.3%
Operating result €322k, net result €239k, both a record.
15-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
17-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €200kEq €211k ▲72.5%
3 profitable years in a row build equity to €211k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Equity above €100kEq €122k ▲135%
2 profitable years in a row build equity to €122k.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Kasterlee · 1 establishment unit since 2019
Ground area
3,516 m²
Building footprint
902 m²
Volume, LiDAR
4,664 m³
2 parcels, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
KOMMAF
since 20192.294.147.790
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13017E0003/00B005 | Flanders | 2,267 m² | 1 · 786 m² | 10.2 m · 1 fl. |
| 13018C0397/00E000 | Flanders | 1,249 m² | 1 · 116 m² | 8.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,862 companies in sector 73110 we hold annual accounts for 3,752. 1,231 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded06-09-2019
Fiscal year end31-12
Activities, NACEBEL 2025
73110Advertising agencies
73300Public relations and communication consultancy
Contact
Website
www.kommaf.be
Scores and ratios are computed by Checked and are not a credit decision.