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COMET TYRE RECYCLING

Active
Public limited companyfounded 200125 yrs activeRivage de Boubier 25, 6200 Châtelet, BelgiumKBO/BCE: BE 0475.073.732
Summary

COMET TYRE RECYCLING has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €708k and a net result of €711k. Equity is growing by ~9.4% per year across the filed fiscal years. Its solvency ranks better than 16% of 230 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Checked score

Score 2025
67 / 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability85▼-15
Solvency38▼-7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity tight (current ratio 1.18 against 0.87 in 2024; short-term debt: 42.6% and cash: 16.5% of total assets), and 87% of the assets are financed with debt.
Credit check for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.
lowers risk+raises riskneutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 25 years 0 30 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
13%
Return on assets
13.1%
Age of the figures
9 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 38
Relative position
BE, all sectors
reference
Sector 38
higher
← fewer bankruptcies more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 230 sector peers (2025).
NBB · sector comparison
Position among 230 sector peers
Solvency
better than 16%
← weakest strongest →
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-09-2026, 41 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
41 d late
2024
23 d early
2023
8 d early
2022
27 d early
2021
54 d early
2020
54 d early
2019
38 d early
← 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 months
Position in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2025, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€711k▼ 54.2%
2024 · €1.55M
2018: €410k 2019: €409k 2020: €208k 2021: €1.13M 2022: €1.06M 2023: €1.55M 2024: €1.55M
2018 → 2025
Working capital
€408k
2024 · €-396k
2018: €839k 2019: €579k 2020: €680k 2021: €906k 2022: €571k 2023: €461k 2024: €-396k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20212022202320242025Trend
Equity€559k-€718k▲ 28.4%€665k▼ 7.3%€998k▲ 49.9%€708k▼ 29.0%
Operating result€989k-€1.33M▲ 34.9%€1.80M▲ 34.7%€1.83M▲ 1.7%€775k▼ 57.6%
Net result€1.13M-€1.06M▼ 6.3%€1.55M▲ 46.1%€1.55M▲ 0.4%€711k▼ 54.2%
Result per fiscal year
Operating resultNet result
€0€500k€1.00M€1.50M€2.00MOperating result 2021: €989k€989kNet result 2021: €1.13M€1.13MOperating result 2022: €1.33M€1.33MNet result 2022: €1.06M€1.06MOperating result 2023: €1.80M€1.80MNet result 2023: €1.55M€1.55MOperating result 2024: €1.83M€1.83MNet result 2024: €1.55M€1.55MOperating result 2025: €775k€775kNet result 2025: €711k€711k20212022202320242025€0€500k€1M€1.5M€2MOperating result 2023: €1.80M€1.8MNet result 2023: €1.55M€1.5MOperating result 2024: €1.83M€1.8MNet result 2024: €1.55M€1.6MOperating result 2025: €775k€775kNet result 2025: €711k€711k202320242025
The operating result falls in 2025; 2025 is 58% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.44M
Fixed assets €2.71M ▲ 6.3%
Current assets €2.73M ▲ 6.3%
Equity and liabilities €5.44M
Equity €708k ▼ 29.0%
Provisions €155k =
Debt €4.57M ▲ 15.4%
Debt's share of the balance-sheet total rises from 77.5% to 84.1%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€1.32M
2024 · €2.21M
Cash flow
€1.26M
2024 · €1.93M
Current ratio
1.18
2024 · 0.87
Debt to equity
6.46
2024 · 3.97
ROE
100.3%
2024 · 155.8%
ROA
13.1%
2024 · 30.4%
Interest coverage
22.38
2024 · 68.72
Debt ≤ 1 year
€2.32M
2024 · €2.96M
Debt > 1 year
€2.09M
2024 · €824k
Income taxes
€13k
2024 · €290k
Staff costs
€807k
2024 · €577k
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 · 67 lines
Balance sheet Code20242025
Assets
Total assets20/58€5.12M€5.44M
Fixed assets21/28€2.55M€2.71M
Intangible fixed assets21€18k-
Tangible fixed assets22/27€2.53M€2.71M
Land and buildings22€48k€39k
Plant, machinery and equipment23€308k€2.10M
Furniture and vehicles24€329k€244k
Leasing and similar rights25€502k€327k
Assets under construction and advance payments27€1.35M-
Financial fixed assets28€116€116=
Current assets29/58€2.56M€2.73M
Amounts receivable within one year40/41€1.50M€624k
Trade receivables40€796k€624k
Other amounts receivable41€702k-
Current investments50/53-€1.20M
Cash at bank and in hand54/58€1.07M€899k
Deferred charges and accrued income490/1-€3k
Equity and liabilities
Total equity and liabilities10/49€5.12M€5.44M
Equity10/15€998k€708k
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€72k€72k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€66k€66k=
Profit (loss) carried forward14€863k€574k
Investment grants15€0-
Provisions and deferred taxes16€155k€155k=
Provisions for liabilities and charges160/5€133k€133k=
Major repairs and maintenance162€133k€133k=
Deferred taxes168€22k€22k=
Amounts payable17/49€3.96M€4.57M
Amounts payable after more than one year17€824k€2.09M
Financial debts170/4€824k€2.09M
Amounts payable within one year42/48€2.96M€2.32M
Current portion of amounts payable after more than one year42€316k€623k
Trade debts44€914k€249k
Suppliers440/4€914k€249k
Taxes, remuneration and social security45€500k€440k
Taxes450/3€421k€364k
Remuneration and social security454/9€79k€76k
Other amounts payable47/48€1.23M€1.01M
Accrued charges and deferred income492/3€178k€170k
Income statement Code20242025
Non-recurring operating income76A-€5k
Remuneration, social security and pensions62€577k€807k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€381k€545k
Other operating charges640/8€4k€6k
Non-recurring operating charges66A€46k€617
Gross operating margin9900€2.84M€2.13M
Operating profit (loss)9901€1.83M€775k
Financial income75/76B€48k€8k
Recurring financial income75€48k€8k
Financial charges65/66B€32k€59k
Recurring financial charges65€32k€59k
Profit (loss) for the period before taxes9903€1.84M€724k
Transfer from deferred taxes780€470-
Income taxes67/77€290k€13k
Profit (loss) for the period9904€1.55M€711k
Transfer from tax-exempt reserves789€1k-
Profit (loss) for the period to be appropriated9905€1.56M€711k
Appropriation of the result
Profit (loss) to be appropriated9906€2.08M€1.57M
Profit (loss) brought forward from the previous period14P€530k€863k
Profit to be distributed694/7€1.22M€1.00M
Return on contributions (dividend)694€422k€300k
Directors or managers695€800k€700k
Social balance
Average headcount (FTE)90878.410.7

The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
10-09
NBB filing Annual accounts filed
fiscal year 2025 · full schema · 41 days late
03-08
State Gazette act Resignations: BAREEL Pierre-François, DEMOULIN Hervé and 3 others
Appointments: COMPAGNIE BELGE DE PARTICIPATIONS INDUSTRIELLES ET IMMOBILIERES SA, GROSJEAN Aurore and 6 others · Permanent representatives: GROSJEAN Philippe, Fontaine François and Bouchat Olivier · Capital22 facts ▸
  • Capital, €62.000
  • Director resignation, BAREEL Pierre-François (director and managing director)
  • Director resignation, DEMOULIN Hervé (director)
  • Director resignation, GROSJEAN Aurore (director)
  • Director resignation, GROSJEAN Maxime (director)
  • Director resignation, COMPAGNIE BELGE DE PARTICIPATIONS INDUSTRIELLES ET IMMOBILIERES SA (director)
  • Director appointment, COMPAGNIE BELGE DE PARTICIPATIONS INDUSTRIELLES ET IMMOBILIERES SA (class A director)
  • Permanent representative, GROSJEAN Philippe
  • Director appointment, GROSJEAN Aurore (class A director)
  • Director appointment, GROSJEAN Charlotte (class A director)
  • Director appointment, GROSJEAN Maxime (class A director)
  • Director appointment, SOCIETE FEDERALE DE PARTICIPATIONS ET D'INVESTISSEMENT SA (class B director)
  • +10 further facts in this act
2025
08-07
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial Highest result since 2018net €1.55M ▲0.4%
Operating result €1.83M, net result €1.55M, both a record.
23-07
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
04-07
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
07-06
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial Equity above €500kEq €559k ▲137%
4 profitable years in a row build equity to €559k.
07-06
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial Weakest financial yearnet €208k ▼49.2%
Net result drops to €208k, the lowest in the series; recovery starts the following year.
23-06
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
17-06
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
05-06
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
28-06
NBB filing Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 10 acts read
About the unread acts

Of the 10 Belgian State Gazette acts we know for this company, 1 has been read. The other 9 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
under verification, last change in 2026
This board is reconstructed from a single act (26350362). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
COMPAGNIE BELGE DE PARTICIPATIONS INDUSTRIELLES ET IMMOBILIERES
Class A director · since 16-07-2026 · Public limited company · perm. rep.: GROSJEAN Philippe
Current
GROSJEAN Aurore
Class A director · since 16-07-2026
Current
GROSJEAN Charlotte
Class A director · since 16-07-2026
Current
GROSJEAN Maxime
Class A director · since 16-07-2026
Current
Pierre-François Bareel
Managing director · since 16-07-2026
Current
Sabine Colson
Observateur · since 16-07-2026
Current
2 other directors
SOCIETE FEDERALE DE PARTICIPATIONS ET D'INVESTISSEMENT
Class B director · since 16-07-2026 · Public limited company · perm. rep.: Fontaine François
Current
SPARAXIS
Class B director · since 16-07-2026 · Public limited company · perm. rep.: Bouchat Olivier
Current
16-07-2026 COMPAGNIE BELGE DE PARTICIPATIONS INDUSTRIELLES ET IMMOBILIERES: Resigned as Director
16-07-2026 COMPAGNIE BELGE DE PARTICIPATIONS INDUSTRIELLES ET IMMOBILIERES: Appointed as Class A director
16-07-2026 COMPAGNIE BELGE DE PARTICIPATIONS INDUSTRIELLES ET IMMOBILIERES: Appointed as Chair of the board
16-07-2026 GROSJEAN Aurore: Resigned as Director
16-07-2026 GROSJEAN Aurore: Appointed as Class A director
Full history in the Timeline (15 changes) →
Not every act has been read: a resignation may be missing here
9 of this company's 10 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Châtelet · 1 establishment unit since 2001
seat establishment The establishment unit on the map
Ground area
2,873 m²
Building footprint
1,106 m²
Volume, LiDAR
8,861 m³
Parcel 52012A1290/00S004, Wallonia · tallest building 8.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rivage de Boubier 25, 6200 Châtelet
Manufacture of fabricated metal products, except machinery and equipment
since 20012.098.512.351
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
52012A1290/00S004 Wallonia 2,873 m² 1 · 1,106 m² 8.8 m · 3 fl.
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.

Articles of association

Purpose
La société a pour objet, que ce soit en Belgique ou à l'étranger, tant pour elle-même que pour compte de tiers ou en participation, l'achat, la vente, la transformation…
Full purpose

La société a pour objet, que ce soit en Belgique ou à l'étranger, tant pour elle-même que pour compte de tiers ou en participation, l'achat, la vente, la transformation, l'importation, l'exportation, le négoce, le courtage, de tous produits plastiques, caoutchouteux ou autres, celle liste étant énonciative et non pas limitative. Elle peut se porter caution et donner toute sûreté personnelle ou réelle en faveur de toute personne ou société, liée ou non. Elle peut réaliser toutes opérations généralement quelconques, commerciales, industrielles, financières, mobilières ou immobilières, ayant un rapport direct ou indirect avec son objet ou de nature à en favoriser la réalisation et le développement. S'intéresser par voie d'apport, de souscription, de cession, de participation, de fusion, d'intervention financière ou autrement dans toutes sociétés, associations et entreprises, tant en Belgique qu'à l'étranger. La société peut être administrateur, gérant ou liquidateur. But(s) Distribuer à ses actionnaires un avantage patrimonial direct ou indirect.

Structure & network

Connections & network

41 connected companies
Sabine Colson, Shared director, links 9 companies SCSabine ColsonCOMET TRAITEMENTS, via Sabine Colson CTCOMETTRAITEMENTSCOMETSAMBRE, via Sabine Colson CCOMETSAMBREFLUXYS BELGIUM, via Sabine Colson FBFLUXYS BELGIUMGroupe pour HEC-Ecole , Management School University of Liège, via Sabine Colson GPGroupe pourHEC-Ecole…SPARAXIS, via Sabine Colson SSPARAXISC.P. Bourg, via Sabine Colson CBC.P. BourgHEC-Ecole de gestion de l'Université de Liège, via Sabine Colson HDHEC-Ecole degestion de…SAMANDA, via Sabine Colson SSAMANDATotalEnergies Power & Gas Belgium, via Sabine Colson TPTotalEnergiesPower & Gas…Pierre-François Bareel, Shared director, links 4 companies PBPierre-FrançoisBareelCENTRE DE RESSOURCES TECHNOLOGIQUES EN CHIMIE, via Pierre-François Bareel CDCENTRE DERESSOURCES…FEBELAUTO, via Pierre-François Bareel FFEBELAUTO+30 companies via a shared corporate director +30via a sharedcorporate directorCOMET TYRE RECYCLING COMET TYRERECYCLING0475.073.732
Shared directorsBundled connections
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Capital and shareholders

Capital over the years
  1. 03-08-2026 Capital stated in the act · 62,000 EUR · 62 shares

Similar companies · same sector, comparable size

Of 977 companies in sector 38210 we hold annual accounts for 585. 413 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification
Legal formPublic limited company
Founded22-06-2001
Fiscal year end31-12
Activities, NACEBEL 2025
38210Materials recovery from waste
Sources
Crossroads Bank for EnterprisesBelgian Official Gazette · 1 actNational Bank · 24 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.