Comco

Active

Public limited companyfounded 198342 yrs activeRozendoorndreef 5, 1700 Dilbeek, BelgiumKBO/BCE: BE 0426.112.882

Summary

Comco has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €62k and a net result of €-4k. Equity is shrinking by ~12.6% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.8% (low).

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Checked score

Score 2024

55 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability14▲+14

Solvency77▼-8

Growth58▲+26

Track record100

Bankruptcy probability, 12 months

0.8% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €3k at 30 days acceptable

Liquidity short (current ratio 0.26 against 0.07 in 2023; short-term debt: 48.1% and cash: 11.7% of total assets), and 48.1% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

No NACE activity registered

No NACE activity is registered in the KBO, which is more common among companies that later fail.

KBO · activities

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

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

51.9%

Return on assets

-3.7%

Age of the figures

21 mo

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Persistent losses

Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2024

Net result per financial year

18192021222324

2018 to 2024 · latest year €-4k

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-06-2025, 42 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

42 d early

2023

40 d early

2022

34 d early

2021

26 d early

2020

31 d early

2019

4 d late

← before the deadline after the deadline →

Checked, nothing found (1)

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 2024, micro schema

Equity

€62k▼ 6.6%

2023 · €66k

2018: €138k 2019: €126k 2020: €113k 2021: €102k 2022: €88k 2023: €66k

2018 → 2024

Total assets

€119k▲ 8.4%

2023 · €110k

2018: €144k 2019: €132k 2020: €127k 2021: €122k 2022: €116k 2023: €110k

2018 → 2024

Net result

€-4k▲ 80.1%

2023 · €-22k

2018: €-10k 2019: €-11k 2020: €-13k 2021: €-11k 2022: €-14k 2023: €-22k

2018 → 2024

Working capital

€-42k▼ 3.7%

2023 · €-41k

2018: €17k 2019: €8k 2020: €-2k 2021: €-10k 2022: €-22k 2023: €-41k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€113k-€102k▼ 9.7%€88k▼ 13.9%€66k▼ 24.9%€62k▼ 6.6%

Operating result€-13k-€-11k▲ 17.8%€-14k▼ 30.5%€-22k▼ 53.6%€-4k▲ 80.2%

Net result€-13k-€-11k▲ 17.8%€-14k▼ 30.5%€-22k▼ 53.5%€-4k▲ 80.1%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €4k in 2024 against €22k in 2023; the loss shrinks.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €119k

87.3%

12.7%

Fixed assets €104k ▼ 2.7%

Current assets €15k ▲ 393%

Equity and liabilities €119k

51.9%

48.1%

Equity €62k ▼ 6.6%

Debt €57k ▲ 31.0%

Debt's share of the balance-sheet total rises from 39.8% to 48.1%. Equity is lower and debt is higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€-1k▲

2023 · €-19k

Cash flow

€-1k▲

2023 · €-19k

Current ratio

0.26▲

2023 · 0.07

Debt to equity

0.93▲

2023 · 0.66

ROE

-7.1%▲

2023 · -33.1%

ROA

-3.7%▲

2023 · -19.9%

Interest coverage

-50.31▲

2023 · -790.88

Debt ≤ 1 year

€57k▲

2023 · €44k

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 · 2024 against 2023 · 33 lines

Balance sheet Code20232024

Assets

Total assets20/58€110k€119k▲

Fixed assets21/28€107k€104k▼

Tangible fixed assets22/27€107k€104k▼

Land and buildings22€107k€104k▼

Current assets29/58€3k€15k▲

Amounts receivable within one year40/41-€1k

Other amounts receivable41-€1k

Cash at bank and in hand54/58€3k€14k▲

Equity and liabilities

Total equity and liabilities10/49€110k€119k▲

Equity10/15€66k€62k▼

Contributions10/11€94k€94k=

Capital10€94k€94k=

Issued capital100€94k€94k=

Reserves13€9k€9k=

Non-distributable reserves130/1€9k€9k=

Legal reserve130€9k€9k=

Profit (loss) carried forward14€-38k€-42k▼

Amounts payable17/49€44k€57k▲

Amounts payable within one year42/48€44k€57k▲

Trade debts44€1k€2k▲

Suppliers440/4€1k€2k▲

Other amounts payable47/48€42k€55k▲

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k=

Other operating charges640/8€3k€3k▲

Gross operating margin9900€-16k€2k▲

Operating profit (loss)9901€-22k€-4k▲

Financial charges65/66B€24€29▲

Recurring financial charges65€24€29▲

Profit (loss) for the period before taxes9903€-22k€-4k▲

Profit (loss) for the period9904€-22k€-4k▲

Profit (loss) for the period to be appropriated9905€-22k€-4k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-38k€-42k▼

Profit (loss) brought forward from the previous period14P€-16k€-38k▼

The notes to these accounts (3 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

All 12Financial 1Gazette 1Filings 10

2026

23-09

State Gazette act Reappointments: Geertrui Vlaemynck (director) and Frank Van Maele (director)

3 facts ▸

General meeting, 01-06-2026
Director reappointment, Geertrui Vlaemynck (director)
Director reappointment, Frank Van Maele (director)

2025

19-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

21-06

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Weakest financial yearnet €-22k

Net result drops to €-22k, the lowest in the series; recovery starts the following year.

27-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

05-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

30-06

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

04-08

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 4 days late

2019

30-07

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

25-06

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2017

27-06

NBB filing Annual accounts filed

fiscal year 2016 · micro schema

2016

28-06

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

2 directors

Frank Van Maele

Director

Current

Geertrui Vlaemynck

Director

Current

Location & real-estate footprint

Registered office, Dilbeek · 1 establishment unit since 1984

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Rozendoorndreef 51700 Dilbeek

Ground area

368 m²

Building footprint

223 m²

Volume, LiDAR

1,673 m³

2 parcels, Brussels, Flanders · tallest building 13.2 m, ±4 floors. Linked by address, not a title deed.

1 establishment unit

OMCO

Bergense Steenweg 873, 1070 AnderlechtNACE 5143003

since 19842.024.086.429

2 parcels

Flanders 1 (50%) Brussels 1 (50%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21308H0538/00K002	Brussels	222 m²	1 · 77 m²	13.2 m · 4 fl.
23016D0124/00T009	Flanders	146 m²	1 · 146 m²	9.1 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Company data · Crossroads Bank

Identification

Legal formPublic limited company

Founded29-12-1983

Fiscal year end31-12

Sources

Crossroads Bank for EnterprisesNational Bank · 38 filingsAddress and cadastre registers

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

General meetings

3 convocations

Ordinary general meeting

at the registered office · published 15-05-2017

- Jaarverslag. - Goedkeuring jaarrek 31/12/2016. - Bestemming resultaat. - Kwijting bestuurders. - (Her-) benoeming bestuurders. - Divers.

Ordinary general meeting

on 01-06-2015 · at the registered office · published 13-05-2015

- Jaarverslag. - Goedkeuring jaarrekening 31/12/2014. - Bestemming resultaat. - Kwijting bestuurders. - (Her-)benoeming bestuurders. - Divers.

Extraordinary general meeting

on 30-05-2012 at 11u · at the registered office · published 10-05-2012

Agenda

Jaarverslag. Goedkeuring jaarrekening per 31/12/2011. Bestemming resultaat. Kwijting bestuurders. (Her)Benoemingen. Divers. (AOPC11201131/ 10.05) (16760) DECOSTER TEXTIEL, naamloze vennootschap, Sint-Rochusstraat 66, 1500 HALLE Ondernemingsnummer 0433.768.855 Algemene vergadering ter zetel op 30/05/2012 om 11 u. Agenda : Jaarverslag. Goedkeuring jaarrekening. Bestemming resultaat. Kwijting bestuurders. Divers. (AOPC-1-12-00815/ 10.05) (16761) E.P.R., société anonyme, rue de la Presse 4, 1000 BRUXELLES Numéro d’entreprise 0446.126.853 Assemblée ordinaire au siège social le 30/05/2012 à 15 h. Ordre du jour : Rapport du C.A. Approbation comptes annuels. Affectation résultats. Décharge administr ...