KOMODO
ActiveSummary
The computed 12-month bankruptcy probability of KOMODO is 2.0% (moderate). The 2025 annual accounts show equity of €157,775 and a net result of €50,794. Equity is growing by ~50.6% per year across the filed fiscal years. Its solvency ranks better than 11% of 1913 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability66▲+16
Solvency29=
Growth78=
Track record94
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity short (current ratio 0.9 against 0.8 in 2024; short-term debt: 35.9% and cash: 0.1% of total assets), and 96.1% of the assets are financed with debt.
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Signals
Five 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
3.9%
Return on assets
1.3%
Age of the figures
18 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 1913 sector peers (2025).
NBB · sector comparisonPosition among 1913 sector peers
Solvency
better than 11%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 02-07-2025, 121 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
121 d early
2024
1 d early
2023
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 41 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close27-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€3.5m
EBIT margin
5.4%
Net result
€50,794▼ 11.5%
2024 · €57,390
Working capital
-€140,991▲ 43.7%
2024 · -€250,440
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
Line202320242025
Turnover€3.5m
Operating result€59,518-€149,312▲ 151%€189,890▲ 27.2%
Net result€43,591-€57,390▲ 31.7%€50,794▼ 11.5%
EBIT margin5.4%
Equity€49,591-€106,981▲ 116%€157,775▲ 47.5%
Total assets€583,395-€2.9m▲ 402%€4.0m▲ 36.6%
Debt€533,804-€2.8m▲ 428%€3.8m▲ 36.2%
Working capital€220,784--€250,440-€140,991▲ 43.7%
Staff (FTE)2.4-6.2▲ 158%8.4▲ 35.5%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2024 Total assets +402% on 2023. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 27% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.0m
Fixed assets
€2.7m ▲ 38.3%
Current assets
€1.3m ▲ 33.1%
Equity and liabilities €4.0m
Equity
€157,775 ▲ 47.5%
Debt
€3.8m ▲ 36.2%
Debt's share of the balance-sheet total falls from 96.3% to 96.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€557,510▲
2024 · €290,131
Cash flow
€418,414▲
2024 · €198,209
Current ratio
0.90▲
2024 · 0.80
Quick ratio
0.59▲
2024 · 0.51
Debt to equity
24.33▼
2024 · 26.35
ROE
32.2%▼
2024 · 53.6%
ROA
1.3%▼
2024 · 2.0%
Interest coverage
4.42▲
2024 · 3.48
Debt ≤ 1 year
€1.4m▲
2024 · €1.2m
Debt > 1 year
€2.4m▲
2024 · €1.6m
Income taxes
€14,000▲
2024 · €9,405
Staff costs
€514,889▲
2024 · €335,031
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,136 companies that looked in July 2024 the way this one looks now, 4.9% went bankrupt within 24 months and 92% are still going.
- Micro
- 2 to 5 years old
- solvency under 10%
- a profit under 5% of the balance sheet
4.9%
went bankrupt
2.1%
stopped otherwise
92%
still going
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.0% 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 497,058 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 2,136 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.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Turnover70 | - | - | €3.5m | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €2.4m | - |
| Remuneration, social security and pensions62 | €50,017 | €335,031 | €514,889 | ▲ 53.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €528 | €140,820 | €367,620 | ▲ 161% |
| Other operating charges640/8 | - | €8,866 | €14,785 | ▲ 66.8% |
| Non-recurring operating charges66A | - | - | €7,587 | - |
| Gross operating margin9900 | €110,063 | €634,028 | €1.1m | ▲ 72.7% |
| Operating profit (loss)9901 | €59,518 | €149,312 | €189,890 | ▲ 27.2% |
| Financial income75/76B | €0 | €837 | €1,093 | ▲ 30.6% |
| Recurring financial income75 | €0 | €837 | €1,093 | ▲ 30.6% |
| Financial charges65/66B | €4,853 | €83,355 | €126,190 | ▲ 51.4% |
| Recurring financial charges65 | €4,853 | €83,355 | €126,190 | ▲ 51.4% |
| Profit (loss) for the period before taxes9903 | €54,666 | €66,795 | €64,794 | ▼ 3.0% |
| Income taxes67/77 | €11,075 | €9,405 | €14,000 | ▲ 48.9% |
| Profit (loss) for the period9904 | €43,591 | €57,390 | €50,794 | ▼ 11.5% |
| Profit (loss) for the period to be appropriated9905 | €43,591 | €57,390 | €50,794 | ▼ 11.5% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €583,395 | €2.9m | €4.0m | ▲ 36.6% |
| Fixed assets21/28 | €10,210 | €2.0m | €2.7m | ▲ 38.3% |
| Intangible fixed assets21 | - | €9,387 | €6,246 | ▼ 33.5% |
| Tangible fixed assets22/27 | €10,012 | €1.9m | €2.7m | ▲ 38.7% |
| Land and buildings22 | - | €210,475 | €214,278 | ▲ 1.8% |
| Plant, machinery and equipment23 | - | €341,937 | €348,242 | ▲ 1.8% |
| Furniture and vehicles24 | €6,654 | €54,572 | €38,522 | ▼ 29.4% |
| Leasing and similar rights25 | €3,358 | €1.3m | €2.1m | ▲ 56.7% |
| Financial fixed assets28 | €198 | €358 | €358 | = |
| Current assets29/58 | €573,185 | €971,632 | €1.3m | ▲ 33.1% |
| Stocks and contracts in progress3 | €87,392 | €353,838 | €446,000 | ▲ 26.0% |
| Stocks30/36 | €14,723 | €178,737 | €193,000 | ▲ 8.0% |
| Contracts in progress37 | €72,670 | €175,101 | €253,000 | ▲ 44.5% |
| Amounts receivable within one year40/41 | €333,995 | €540,378 | €823,284 | ▲ 52.4% |
| Trade receivables40 | €309,274 | €491,722 | €822,876 | ▲ 67.3% |
| Other amounts receivable41 | €24,721 | €48,656 | €407 | ▼ 99.2% |
| Cash at bank and in hand54/58 | €144,068 | €60,813 | €2,371 | ▼ 96.1% |
| Deferred charges and accrued income490/1 | €7,730 | €16,603 | €21,770 | ▲ 31.1% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €583,395 | €2.9m | €4.0m | ▲ 36.6% |
| Equity10/15 | €49,591 | €106,981 | €157,775 | ▲ 47.5% |
| Contributions10/11 | €6,000 | €6,000 | €6,000 | = |
| Reserves13 | €43,591 | €100,981 | €151,775 | ▲ 50.3% |
| Distributable reserves133 | €43,591 | €100,981 | €151,775 | ▲ 50.3% |
| Amounts payable17/49 | €533,804 | €2.8m | €3.8m | ▲ 36.2% |
| Amounts payable after more than one year17 | €181,153 | €1.6m | €2.4m | ▲ 50.6% |
| Financial debts170/4 | €181,153 | €1.6m | €2.4m | ▲ 50.6% |
| Amounts payable within one year42/48 | €352,401 | €1.2m | €1.4m | ▲ 17.4% |
| Current portion of amounts payable after more than one year42 | €43,847 | €197,769 | €383,765 | ▲ 94.0% |
| Financial debts43 | - | €361,572 | €439,903 | ▲ 21.7% |
| Credit institutions430/8 | - | €361,572 | €439,903 | ▲ 21.7% |
| Trade debts44 | €293,419 | €538,325 | €408,267 | ▼ 24.2% |
| Suppliers440/4 | €293,419 | €538,325 | €408,267 | ▼ 24.2% |
| Advances received on contracts in progress46 | - | - | €11,006 | - |
| Taxes, remuneration and social security45 | €15,050 | €21,822 | €55,370 | ▲ 154% |
| Taxes450/3 | €11,584 | €13,120 | €16,242 | ▲ 23.8% |
| Remuneration and social security454/9 | €3,466 | €8,702 | €39,128 | ▲ 350% |
| Other amounts payable47/48 | €85 | €102,585 | €136,103 | ▲ 32.7% |
| Accrued charges and deferred income492/3 | €250 | €328 | €290 | ▼ 11.7% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €43,591 | €57,390 | €50,794 | ▼ 11.5% |
| + Depreciation and write-downs630 | €528 | €140,820 | €367,620 | ▲ 161% |
| Operating cash flow (approximation) | €44,119 | €198,209 | €418,414 | ▲ 111% |
| Investment in fixed assets (approximation) | - | -€2.1m | -€1.1m | ▲ 46.4% |
| Change in cash | - | -€83,255 | -€58,442 | ▲ 29.8% |
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
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Equity above €150,000Eq €157,775 ▲47.5%
3 profitable years in a row build equity to €157,775.
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Highest result since 2023net €57,390 ▲31.7%
Net result €57,390, the highest in the series.
31-03
Financial
Equity above €100,000Eq €106,981 ▲116%
2 profitable years in a row build equity to €106,981.
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Puurs-Sint-Amands · 1 establishment unit since 2022
Ground area
2.7 ha
Building footprint
1.7 ha
Volume, LiDAR
175,832 m³
Parcel 12032C0331/00D000, Flanders · tallest building 13.4 m, ±4 floors. Linked by address, not a title deed.
12
companies at this address
See who is registered here
1 establishment unit
KOMODO
since 20222.337.365.250
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12032C0331/00D000 | Flanders | 2.7 ha | 1 · 1.7 ha | 13.4 m · 4 fl. |
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.
Similar companies · same sector, comparable size
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LEVAGE et MAINTENANCE INDUSTRIELLE
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VBR TECHNICS
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Of 3,984 companies in sector 25110 we hold annual accounts for 2,145. 1,656 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
Founded26-10-2022
Fiscal year end31-03
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
E-invoicing
Reachable via Peppol
Peppol ID
0208:0792878394
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.