Kompas
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 01-07-2026 at the NBB all 20 filings
Every figure per financial year
The operating result for 2025 is 78% higher than in 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 179 | 316 | 298 | 307 | 312 |
| full-time | 67 | 118 | 135 | 120 | 135 |
| part-time | 112 | 198 | 163 | 187 | 177 |
| in full-time equivalents | 146 | 257.5 | 249.7 | 250.1 | 260.9 |
| Average over the year, in full-time equivalents | 142.5 | 188.3 | 245.3 | 245.1 | 253.9 |
| On a permanent contract | 145 | 290 | 268 | 277 | 281 |
| Joined | 97 | 239 | 109 | 100 | 136 |
| Left | 91 | 102 | 127 | 91 | 131 |
| Agency workers, average number | 1.3 | 0 | 0.1 | 0 | 0 |
| Training hours | - | - | 4,934 | 5,179 | 4,128 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €576,525 | €765,486 | €673,137 | €580,754 | €506,703 |
| Mortgages, amount registered | - | - | €49,579 | €49,579 | €49,579 |
| Mortgage mandates | €1.6m | €2.0m | €1.9m | €1.9m | €1.9m |
| Carrying value of the mortgaged assets | - | - | €1.4m | €1.3m | €1.3m |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €244,883 | €2.9m | €214,797 | €97,522 | €263,699 |
| Intangible fixed assets | - | - | €12,100 | €5,209 | €34,135 |
| Depreciation and write-downs of the year | €392,850 | €470,383 | €468,097 | €461,293 | €472,129 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Auditor
The auditor is FIGURAD BEDRIJFSREVISOREN.
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Fee for the audit | €16,553 | €14,978 | €16,598 | €23,777 | €21,385 |
| Other work by the auditor | €7,639 | - | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
Subsidies and aid
Flemish government
2022 to 2025 · 60 entries · €21.5m awarded · €20.8m paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 13 | €4.8m | €4.9m |
| 2024 | 16 | €1.2m | €1.3m |
| 2023 | 16 | €2.1m | €1.7m |
| 2022 | 15 | €13.4m | €12.9m |
Show 14 more
Federal government
2025 · 1 entry · €100 in total| Year | Department | Transactions | Amount |
|---|---|---|---|
| 2025 | FOD Justitie | 1 | €100 |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €11.9m | €16.0m | €21.7m | €25.0m | €26.9m | ▲ 7.6% |
| Turnover70 | €1.2m | €1.2m | €1.1m | €1.3m | €1.9m | €3.2m | €3.2m | €3.1m | ▼ 1.8% |
| Membership fees, donations, legacies and grants73 | - | - | - | €9.8m | €13.5m | €17.7m | €20.8m | €22.8m | ▲ 9.4% |
| Other operating income74 | - | - | - | €0.4m | €0.6m | €0.8m | €1.0m | €1.0m | ▼ 0.8% |
| Non-recurring operating income76A | - | - | - | €0.4m | €0 | - | - | - | - |
| Operating charges60/66A | - | - | - | €11.8m | €15.7m | €21.9m | €24.1m | €25.2m | ▲ 4.7% |
| Goods for resale, raw materials and consumables60 | - | - | - | €0.3m | €0.4m | €0.6m | €0.6m | €0.5m | ▼ 5.2% |
| Purchases600/8 | - | - | - | €0.3m | €0.4m | €0.6m | €0.6m | €0.5m | ▼ 4.8% |
| Change in stocks: decrease (increase)609 | - | - | - | -€0.006m | €0.005m | €500 | €0.003m | €89 | ▼ 96.6% |
| Services and other goods61 | - | - | - | €2.7m | €2.9m | €3.8m | €3.8m | €3.9m | ▲ 1.8% |
| Remuneration, social security and pensions62 | - | - | - | €8.1m | €11.4m | €16.7m | €17.7m | €18.6m | ▲ 5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.3m | €0.3m | €0.4m | €0.4m | €0.5m | €0.5m | €0.5m | €0.5m | ▲ 2.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | €0.01m | €0 | - | - |
| Other operating charges640/8 | - | - | - | €0.4m | €0.7m | €0.9m | €0.8m | €0.8m | ▼ 2.4% |
| Non-recurring operating charges66A | - | - | - | €0.02m | €0.006m | €0.08m | €0 | €0.02m | - |
| Operating profit (loss)9901 | €0.2m | €0.3m | €0.1m | €0.1m | €0.3m | -€0.2m | €1.0m | €1.7m | ▲ 78.3% |
| Financial income75/76B | - | - | - | €0.04m | €0.05m | €0.07m | €0.1m | €0.1m | ▲ 12.4% |
| Recurring financial income75 | €0.002m | €0.001m | €0.01m | €0.04m | €0.05m | €0.07m | €0.1m | €0.1m | ▲ 12.4% |
| Income from current assets751 | - | - | - | €0.03m | €0.02m | €0.03m | €0.09m | €0.1m | ▲ 21.8% |
| Other financial income752/9 | - | - | - | €0.004m | €0.03m | €0.05m | €0.04m | €0.04m | ▼ 6.1% |
| Financial charges65/66B | - | - | - | €0.03m | €0.2m | -€0.02m | €0.03m | €0.05m | ▲ 91.8% |
| Recurring financial charges65 | €0.04m | €0.03m | €0.1m | €0.03m | €0.2m | -€0.02m | €0.03m | €0.05m | ▲ 91.8% |
| Debt charges650 | €0.04m | €0.02m | €0.02m | €0.01m | €0.02m | €0.01m | €0.01m | €0.01m | ▼ 13.9% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | - | - | - | -€0.02m | €0.1m | -€0.05m | -€0.02m | €0.03m | - |
| Other financial charges652/9 | - | - | - | €0.04m | €0.03m | €0.01m | €0.03m | €0.007m | ▼ 78.6% |
| Profit (loss) for the period before taxes9903 | €0.2m | €0.2m | €0.03m | €0.1m | €0.1m | -€0.08m | €1.1m | €1.8m | ▲ 70.1% |
| Profit (loss) for the period9904 | €0.2m | €0.2m | €0.03m | €0.1m | €0.1m | -€0.08m | €1.1m | €1.8m | ▲ 70.1% |
| Profit (loss) for the period to be appropriated9905 | €0.2m | €0.2m | €0.03m | €0.1m | €0.1m | -€0.08m | €1.1m | €1.8m | ▲ 70.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €7.4m | €8.3m | €8.5m | €8.3m | €11.8m | €10.2m | €12.2m | €14.9m | ▲ 22.2% |
| Fixed assets21/28 | €2.5m | €2.9m | €3.4m | €3.3m | €4.6m | €4.3m | €3.9m | €3.8m | ▼ 4.5% |
| Intangible fixed assets21 | €0.001m | - | - | - | - | €0.01m | €0.01m | €0.04m | ▲ 204% |
| Tangible fixed assets22/27 | €2.4m | €2.9m | €3.4m | €3.2m | €4.5m | €4.3m | €3.9m | €3.7m | ▼ 5.2% |
| Land and buildings22 | - | - | - | €2.8m | €4.1m | €3.9m | €3.5m | €3.3m | ▼ 7.9% |
| Plant, machinery and equipment23 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | ▼ 0.4% |
| Furniture and vehicles24 | - | - | - | €0.1m | €0.1m | €0.09m | €0.07m | €0.2m | ▲ 108% |
| Other tangible fixed assets26 | - | - | - | €0.006m | €0.005m | €0.003m | €0.001m | €0 | ▼ 100% |
| Financial fixed assets28 | €0.03m | €0.02m | €0.02m | €0.03m | €0.03m | €0.03m | €0.03m | €0.02m | ▼ 6.8% |
| Other financial fixed assets284/8 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.02m | ▼ 6.8% |
| Amounts receivable and cash guarantees285/8 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.02m | ▼ 6.8% |
| Current assets29/58 | €4.9m | €5.5m | €5.1m | €5.0m | €7.3m | €5.9m | €8.3m | €11.2m | ▲ 35.0% |
| Amounts receivable after more than one year29 | - | - | - | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | = |
| Trade receivables290 | - | - | - | - | €0.6m | €0.6m | €0.6m | - | - |
| Other amounts receivable291 | - | - | - | €0.6m | - | - | - | €0.6m | - |
| Stocks and contracts in progress3 | €0.005m | €0.007m | €0.007m | €0.01m | €0.007m | €0.007m | €0.004m | €0.004m | ▼ 2.1% |
| Stocks30/36 | - | - | - | €0.01m | €0.007m | €0.007m | €0.004m | €0.004m | ▼ 2.1% |
| Goods purchased for resale34 | - | - | - | €0.01m | €0.007m | €0.007m | €0.004m | €0.004m | ▼ 2.1% |
| Amounts receivable within one year40/41 | €0.3m | €1.0m | €0.2m | €0.2m | €1.0m | €0.9m | €3.6m | €4.7m | ▲ 27.7% |
| Trade receivables40 | - | - | - | €0.1m | €0.6m | €0.5m | €0.6m | €0.5m | ▼ 20.5% |
| Other amounts receivable41 | - | - | - | €0.1m | €0.4m | €0.4m | €3.0m | €4.2m | ▲ 37.8% |
| Current investments50/53 | - | €3.8m | €3.7m | €3.7m | €3.1m | €3.5m | €3.0m | €4.7m | ▲ 55.5% |
| Cash at bank and in hand54/58 | €3.9m | €0.04m | €0.5m | €0.4m | €2.5m | €0.8m | €0.9m | €1.0m | ▲ 10.4% |
| Deferred charges and accrued income490/1 | - | - | - | €0.06m | €0.2m | €0.1m | €0.1m | €0.2m | ▲ 81.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €7.4m | €8.3m | €8.5m | €8.3m | €11.8m | €10.2m | €12.2m | €14.9m | ▲ 22.2% |
| Equity10/15 | €3.3m | €3.5m | €3.5m | €3.5m | €4.6m | €4.5m | €5.5m | €7.3m | ▲ 32.2% |
| Contributions10/11 | - | - | - | - | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Capital10 | - | - | - | - | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Reserves13 | - | - | - | - | €0.2m | €0.2m | €1.0m | €6.3m | ▲ 548% |
| Profit (loss) carried forward14 | €2.4m | €2.7m | €2.7m | €2.8m | €3.2m | €3.1m | €3.5m | €0 | ▼ 100% |
| Investment grants15 | - | - | - | €0.7m | €1.2m | €1.1m | €1.0m | €0.9m | ▼ 7.5% |
| Provisions and deferred taxes16 | €1.3m | €1.5m | €1.8m | €1.7m | €1.6m | €1.0m | €1.6m | €2.5m | ▲ 52.3% |
| Provisions for liabilities and charges160/5 | - | - | - | €1.7m | €1.6m | €1.0m | €1.6m | €2.5m | ▲ 52.3% |
| Pensions and similar obligations160 | - | - | - | €0.8m | €0.8m | €0.8m | €0 | - | - |
| Major repairs and maintenance162 | - | - | - | €0.3m | €0.2m | €0.2m | €1.6m | €1.6m | ▲ 2.0% |
| Other liabilities and charges164/5 | - | - | - | €0.7m | €0.6m | €0 | - | €0.8m | - |
| Amounts payable17/49 | €2.8m | €3.3m | €3.2m | €3.0m | €5.6m | €4.8m | €5.1m | €5.2m | ▲ 2.2% |
| Amounts payable after more than one year17 | €0.7m | €0.6m | €0.6m | €0.5m | €0.7m | €0.6m | €0.5m | €0.5m | ▼ 12.9% |
| Financial debts170/4 | - | - | - | €0.5m | €0.7m | €0.6m | €0.5m | €0.4m | ▼ 13.7% |
| Credit institutions173 | - | - | - | €0.5m | €0.7m | €0.6m | €0.5m | €0.4m | ▼ 13.7% |
| Other amounts payable178/9 | - | - | - | - | - | - | €0.01m | €0.01m | ▲ 18.5% |
| Amounts payable within one year42/48 | €2.1m | €2.2m | €1.7m | €2.5m | €4.7m | €4.1m | €4.4m | €4.6m | ▲ 5.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.07m | €0.09m | €0.09m | €0.07m | €0.07m | ▼ 6.2% |
| Trade debts44 | €1.0m | €1.0m | €0.3m | €0.9m | €1.5m | €0.9m | €0.8m | €0.9m | ▲ 23.2% |
| Suppliers440/4 | - | - | - | €0.9m | €1.5m | €0.9m | €0.8m | €0.9m | ▲ 23.2% |
| Taxes, remuneration and social security45 | - | - | - | €1.5m | €3.0m | €3.2m | €3.5m | €3.5m | ▼ 0.4% |
| Taxes450/3 | - | - | - | €0.3m | €0.7m | €0.7m | €0.7m | €0.8m | ▲ 7.0% |
| Remuneration and social security454/9 | - | - | - | €1.2m | €2.3m | €2.5m | €2.8m | €2.7m | ▼ 2.3% |
| Accrued charges and deferred income492/3 | - | - | - | €0.03m | €0.3m | €0.1m | €0.2m | €0.1m | ▼ 27.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.2m | €0.2m | €0.03m | €0.1m | €0.1m | -€0.08m | €1.1m | €1.8m | ▲ 70.1% |
| + Depreciation and write-downs630 | €0.3m | €0.3m | €0.4m | €0.4m | €0.5m | €0.5m | €0.5m | €0.5m | ▲ 2.3% |
| Operating cash flow (approximation) | €0.4m | €0.6m | €0.4m | €0.5m | €0.6m | €0.4m | €1.5m | €2.3m | ▲ 49.8% |
| Investment in fixed assets (approximation) | - | -€0.7m | -€0.9m | -€0.2m | -€1.8m | -€0.2m | -€0.1m | -€0.3m | ▼ 189% |
| Change in cash | - | -€3.8m | €0.4m | -€0.02m | €2.1m | -€1.7m | €0.06m | €0.09m | ▲ 51.2% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 321 companies had the same profile as Kompas has now. Two years later, 97.5% were still going and 0.0% had gone bankrupt.
- Large
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of Kompas itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 321 companies, not a prediction for Kompas. 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.
Latest 10 of 20 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 01-07-2026 | 2026-00231708 | |
| 31-12-2024 | abbreviated format | 27-05-2025 | 2025-00108944 | |
| 31-12-2023 | abbreviated format | 03-07-2024 | 2024-00211727 | |
| 31-12-2022 | abbreviated format | 06-07-2023 | 2023-00222748 | |
| 31-12-2021 | abbreviated format | 14-06-2022 | 2022-20062892 | |
| 31-12-2020 | abbreviated format | 12-07-2021 | 2021-35500122 | |
| 31-12-2019 | abbreviated format | 28-09-2020 | 2020-56600600 | |
| 31-12-2018 | abbreviated format | 25-06-2019 | 2019-22300314 | |
| 31-12-2017 | abbreviated format | 26-06-2018 | 2018-22800524 | |
| 31-12-2016 | abbreviated format | 18-07-2017 | 2017-32500142 |