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COMBES LOGISTICS

Active
Public limited companyfounded 1979active for 47 yearsSteckenbornpad 4, 8860 Lendelede, BelgiumKBO/BCE: BE 0419.420.278
Summary

COMBES LOGISTICS has been active since 1979 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €179,971 and a net result of €9,918. Equity has been growing by about 8.4% per year since 2018. Its solvency ranks better than 87% of 6,172 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Official details

Source: KBO
Status
Active since 17-04-1979 Normal situation
Activity
Non-specialised wholesale trade NACE 46900and 2 others
Establishment unit
2.135.282.774 8860 Lendelede, since 01-07-2003
Financial year end
31 December
Peppol
Reachable since 17-11-2025

Board and ownership

Board
  • BV Combes TradingChair · permanent representative Johan Combes
  • Véronique BoretDirector

Financial position

96 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Annual accounts 2025
Gross margin
€27,829
▼ 16.9%
Turnover
≈ €210,000
estimated
Profit
€9,918
▼ 32.7%
Equity
€179,971
▲ 5.8%
Total assets
€217,934
▲ 1.2%
  • 2025 accounts filed 27 days after the deadline
Filed on 27-08-2026
Score breakdownraises riskSector: Wholesale trade (NACE 46)lowers riskFounded in 1979Equity €179,971 (82.6% of total assets)Figures for financial year 2025 (filed on 27-08-2026)Show the evidence

Checked score

Score 2025
96 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 69% of micro companies in wholesale trade (NACE 46)
Financial strength · tick: 2024
Strong
Solvency 100=
equity 82.6% of total assets
Liquidity 60+7
short-term debt 10.3% · cash 7.9%
Profitability 74-3
return on assets 4.6%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,899 companies, NACE 46, micro)
Last 24 months 12-2024: 0.1% 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.2%▲ +0.1 percentage points vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.3%▲ +0.1 percentage points vs 06-2025 08-2025: 0.5%▲ +0.2 percentage points vs 07-2025highest value 09-2025: 0.2%▼ -0.3 percentage points vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.4%▲ +0.2 percentage points vs 07-2026 09-2026: 0.1%▼ -0.3 percentage points vs 08-2026lowest value 10-2026: 0.1%● unchanged vs 09-2026lowest value 11-2026: 0.1%● unchanged vs 10-2026lowest value
Credit of up to €17,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.29 (0.69 in 2024), below the usual 1.5. Short-term debt is 10.3% and cash 7.9% of total assets. 17.4% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 90% of them on solvency, 66% on liquidity, 62% on profitability and 57% on growth.

The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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Signals

Five signals.
lowers riskraises risk
lowers risk · Founded in 1979
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Equity €179,971 (82.6% of total assets)
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed on 27-08-2026)
NBB · annual accounts
raises risk · Sector: Wholesale trade (NACE 46)
KBO
raises risk · 2025 accounts filed 27 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
27 days late
2024
12 days late
2023
1 day early
2022
24 days late
2021
23 days late
2020
25 days late
2019
2 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 15 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 23 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Caution: Less equity than 84% of companies in wholesale tradesector median €1.6m · 6,104 companies €179,971 View
  • Positive: 8 profitable years in a rowprofit 2025: €9,918 8 years View

Recent changes

  1. · Gazette deed Amendment of the articles · Resignations & appointments
  2. · Gazette deed Reappointments: Véronique Boret (director) and BV Combes Trading (director)Permanent representative: Johan Combes · Appointment: BV Combes Trading (chair of the board)
All 17 events

Comparable companies

These companies have the same main activity as COMBES LOGISTICS: non-specialised wholesale trade (NACE 46900). They are comparable in size and age: total assets between €149,000 and €366,000, founded between 1977 and 1987.

CompanyTotal assetsGross margin
COMBES LOGISTICS Lendelede€217,934€27,829
Servibo Antwerpen€264,111€25,959
SABLIERES DE LA HAMAIDE Oostende€198,378€40,401
OSU GIFTS Kortrijk€268,027€40,609
ALL TRADING AND SERVICES Sint-Katelijne-Waver€148,809€34,684
TRILANDS Antwerpen€354,701€39,825
Caribel Drogenbos€365,874€19,794
Full comparison

Key facts about COMBES LOGISTICS

What is the company number of COMBES LOGISTICS?
The company number of COMBES LOGISTICS is 0419.420.278. The VAT number is the same number with BE in front: BE 0419.420.278.
Where is COMBES LOGISTICS based?
The registered office is at Steckenbornpad 4, 8860 Lendelede.Company details
What does COMBES LOGISTICS do?
According to the KBO register, the main activity is non-specialised wholesale trade (NACE 46900).
What is the legal form of COMBES LOGISTICS?
The legal form of COMBES LOGISTICS is Public limited company (NV).
When was COMBES LOGISTICS founded?
COMBES LOGISTICS was founded on 17-04-1979.
Is COMBES LOGISTICS still active?
Yes, COMBES LOGISTICS is an active enterprise in the KBO register.
What is the turnover of COMBES LOGISTICS?
The turnover in financial year 2025 is ≈ €210,000. This figure is estimated from the gross margin of €27,829 and 58 comparable companies (NACE 46). It probably lies between €91,000 and €460,000.Financials
Is COMBES LOGISTICS profitable?
In financial year 2025, COMBES LOGISTICS made a profit of €9,918.
Where can I find the annual accounts of COMBES LOGISTICS?
COMBES LOGISTICS filed 47 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of COMBES LOGISTICS due?
COMBES LOGISTICS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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