COMENSIA
ActiveCOMENSIA has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €91.37M and a net result of €1.17M. Equity is growing by ~10.5% per year across the filed fiscal years. Its solvency ranks better than 43% of 4512 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
70
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▼-1
Solvency55▼-4
Growth69=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2M at 30 days acceptable
Liquidity short (current ratio 0.57 against 0.53 in 2024; short-term debt: 6.4% and cash: 1.7% of total assets), and 69.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
30.5%
Return on assets
0.4%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-06-2026, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
36 d early
2024
42 d early
2023
57 d early
2022
41 d early
2021
34 d early
2020
40 d early
2019
37 d early
← before the deadline
after the deadline →
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 monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€25.70M▲ 8.2%
2024 · €23.76M
2018: €17.17M
2019: €17.40M
2020: €17.47M
2021: €17.77M
2022: €19.06M
2023: €21.27M
2024: €23.76M
2018 → 2025
EBIT margin
-0.3%▲ 1.5pp
2024 · -1.8%
2018: 0.1%
2019: 0.5%
2020: -2.5%
2021: -7.4%
2022: -5.7%
2023: -8.0%
2024: -1.8%
2018 → 2025
Net result
€1.17M▲ 32.7%
2024 · €880k
2018: €-93k
2019: €133k
2020: €-217k
2021: €-786k
2022: €-76k
2023: €-714k
2024: €880k
2018 → 2025
Working capital
€-8.13M▼ 3.7%
2024 · €-7.84M
2018: €-172k
2019: €28k
2020: €-1.12M
2021: €-3.13M
2022: €-4.79M
2023: €-6.27M
2024: €-7.84M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€17.77M-€19.06M▲ 7.3%€21.27M▲ 11.6%€23.76M▲ 11.7%€25.70M▲ 8.2%
Equity€64.86M-€71.30M▲ 9.9%€71.57M▲ 0.4%€90.50M▲ 26.4%€91.37M▲ 1.0%
Operating result€-1.31M-€-1.10M▲ 16.6%€-1.70M▼ 55.3%€-430k▲ 74.7%€-84k▲ 80.5%
Net result€-786k-€-76k▲ 90.3%€-714k▼ 840%€880k€1.17M▲ 32.7%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €84k in 2025 against €430k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €299.69M
Fixed assets
€288.77M▲ 12.5%
Current assets
€10.93M▲ 24.5%
Equity and liabilities €299.69M
Equity
€91.37M▲ 1.0%
Provisions
€10.08M▼ 0.2%
Debt
€198.24M▲ 20.2%
The debt ratio rises from 62.1% to 66.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€10.77M▲
2024 · €9.69M
Cash flow
€12.02M▲
2024 · €11.00M
Solvency
30.5%▼
2024 · 34.1%
Current ratio
0.57▲
2024 · 0.53
Quick ratio
0.56▲
2024 · 0.51
Debt / equity
2.17▲
2024 · 1.82
ROE
1.3%▲
2024 · 1.0%
ROA
0.4%▲
2024 · 0.3%
Interest coverage
4.50▼
2024 · 4.65
Debt
€198.24M▲
2024 · €164.94M
Debt ≤ 1 year
€19.06M▲
2024 · €16.61M
Debt > 1 year
€178.67M▲
2024 · €147.98M
Income taxes
€88k▲
2024 · €13k
Staff costs
€10.29M▲
2024 · €9.87M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€265.54M€299.69M▲
Fixed assets21/28€256.77M€288.77M▲
Intangible fixed assets21€202k€126k▼
Tangible fixed assets22/27€256.25M€288.23M▲
Land and buildings22€235.98M€257.08M▲
Plant, machinery and equipment23€110k€101k▼
Furniture and vehicles24€478k€419k▼
Other tangible fixed assets26€65k€38k▼
Assets under construction and advance payments27€19.62M€30.59M▲
Financial fixed assets28€313k€406k▲
Companies linked by participating interests282/3€5k€5k=
Participating interests282€5k€5k=
Other financial fixed assets284/8€308k€401k▲
Amounts receivable and cash guarantees285/8€308k€401k▲
Current assets29/58€8.77M€10.93M▲
Stocks and contracts in progress3€264k€232k▼
Stocks30/36€264k€232k▼
Raw materials and consumables30/31€264k€232k▼
Amounts receivable within one year40/41€3.80M€5.36M▲
Trade receivables40€496k€437k▼
Other amounts receivable41€3.31M€4.92M▲
Cash at bank and in hand54/58€4.02M€4.97M▲
Deferred charges and accrued income490/1€689k€362k▼
Equity and liabilities
Total equity and liabilities10/49€265.54M€299.69M▲
Equity10/15€90.50M€91.37M▲
Contributions10/11€924k€918k▼
Revaluation surpluses12€109k€109k=
Reserves13€10.13M€11.30M▲
Non-distributable reserves130/1€218€218=
Other1319€218€218=
Tax-exempt reserves132€4.93M€4.75M▼
Distributable reserves133€5.20M€6.55M▲
Investment grants15€79.34M€79.04M▼
Provisions and deferred taxes16€10.10M€10.08M▼
Provisions for liabilities and charges160/5€5.72M€5.73M▲
Major repairs and maintenance162€5.44M€5.46M▲
Other liabilities and charges164/5€276k€269k▼
Deferred taxes168€4.38M€4.35M▼
Amounts payable17/49€164.94M€198.24M▲
Amounts payable after more than one year17€147.98M€178.67M▲
Financial debts170/4€147.55M€178.21M▲
Other loans174€147.55M€178.21M▲
Other amounts payable178/9€427k€456k▲
Amounts payable within one year42/48€16.61M€19.06M▲
Current portion of amounts payable after more than one year42€5.66M€6.22M▲
Financial debts43€2.99M€3.26M▲
Other loans439€2.99M€3.26M▲
Trade debts44€3.87M€4.99M▲
Suppliers440/4€3.87M€4.99M▲
Taxes, remuneration and social security45€2.50M€3.66M▲
Taxes450/3€1.31M€2.60M▲
Remuneration and social security454/9€1.19M€1.06M▼
Other amounts payable47/48€1.60M€922k▼
Accrued charges and deferred income492/3€349k€520k▲
Income statement
Code20242025
Operating income70/76A€29.68M€32.15M▲
Turnover70€23.76M€25.70M▲
Own construction capitalised72€1.18M€1.07M▼
Other operating income74€4.74M€5.38M▲
Non-recurring operating income76A€4k€855▼
Operating charges60/66A€30.11M€32.24M▲
Goods for resale, raw materials and consumables60€567k€713k▲
Purchases600/8€513k€681k▲
Change in stocks: decrease (increase)609€55k€32k▼
Services and other goods61€6.80M€7.22M▲
Remuneration, social security and pensions62€9.87M€10.29M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10.12M€10.85M▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€56k€49k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€12k€19k▲
Other operating charges640/8€2.68M€3.10M▲
Operating profit (loss)9901€-430k€-84k▲
Financial income75/76B€3.23M€3.54M▲
Recurring financial income75€3.23M€3.54M▲
Income from current assets751€53k€71k▲
Other financial income752/9€3.18M€3.47M▲
Financial charges65/66B€2.09M€2.39M▲
Recurring financial charges65€2.09M€2.39M▲
Debt charges650€2.08M€2.39M▲
Other financial charges652/9€3k€2k▼
Non-recurring financial charges66B€2k€921▼
Profit (loss) for the period before taxes9903€715k€1.06M▲
Transfer from deferred taxes780€178k€193k▲
Income taxes67/77€13k€88k▲
Taxes670/3€13k€89k▲
Tax adjustments and reversals of tax provisions77-€71
Profit (loss) for the period9904€880k€1.17M▲
Transfer from tax-exempt reserves789€174k€174k=
Profit (loss) for the period to be appropriated9905€1.05M€1.34M▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.05M€1.34M▲
Transfer to equity691/2€1.05M€1.34M▲
To other reserves6921€1.05M€1.34M▲
Social balance
Average headcount (FTE)9087134.3139.8▲
The notes to these accounts (78 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
25-08
State Gazette act
Resignations & appointmentsGeneral meeting · Director appointment2 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director appointment2 facts ▸
- General meeting, 2026-05-26
- Director appointment, Van de Casteele (administrateur représentant les actionnaires-particulier)
25-08
State Gazette act
Resignations & appointmentsGeneral meeting · Director appointment2 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director appointment2 facts ▸
- General meeting, 2026-05-26
- Director appointment, Walid Bouzagou (administrateur)
13-08
State Gazette act
Resignations & appointmentsBoard meeting · Director appointment10 facts ▸
State Gazette act
Resignations & appointments
Board meeting · Director appointment10 facts ▸
- Board meeting, 09/04/2026
- Director appointment, Thibault LEROY (Directeur général)
- Director appointment, Samira CHDLAOUI (délégué à la gestion journalière)
- Director appointment, Corinne ETIENNE (délégué à la gestion journalière)
- Director appointment, Elise FASTENAKEL (délégué à la gestion journalière)
- Director appointment, François NOEL (délégué à la gestion journalière)
- Director appointment, Cécile ROBERT (délégué à la gestion journalière)
- Director appointment, Kris WILLOCX (délégué à la gestion journalière)
- Director appointment, Thibault LEROY (délégué à la gestion journalière)
- Director appointment, Thibault LEROY (délégué à la gestion journalière)
25-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €1.17M ▲32.7%
Net result €1.17M, the highest in the series.
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema
2024
31-12
Financial
Back to profitnet €880k
Net result €880k after 4 loss-making years.
04-06
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema
2023
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · unclassified schema
2021
31-12
Financial
Weakest financial yearnet €-786k
Net result drops to €-786k, the lowest in the series; recovery starts the following year.
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · unclassified schema
2020
31-12
Financial
Equity above €50MEq €52.14M ▲4.8%
Equity rises from €49.77M to €52.14M.
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €133k
Net result €133k after one loss-making year.
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
12-07
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.
Directors · office · real estate
Directors
29 directors, no change since 2026
Thibault LEROY
CurrentDaily management delegate · since 13-07-2026
Corinne ETIENNE
CurrentDaily management delegate · since 01-07-2026
Cécile ROBERT
CurrentDaily management delegate · since 01-07-2026
Elise FASTENAKEL
CurrentDaily management delegate · since 01-07-2026
François NOEL
CurrentDaily management delegate · since 01-07-2026
Kris WILLOCX
CurrentDaily management delegate · since 01-07-2026
+ 3 not shown in this overview
13-07-2026
Thibault LEROY: Appointed as Daily management delegate
13-07-2026
Thibault LEROY: Appointed as Directeur général
01-07-2026
Corinne ETIENNE: Appointed as Daily management delegate
01-07-2026
Cécile ROBERT: Appointed as Daily management delegate
01-07-2026
Elise FASTENAKEL: Appointed as Daily management delegate
01-07-2026
François NOEL: Appointed as Daily management delegate
01-07-2026
Kris WILLOCX: Appointed as Daily management delegate
01-07-2026
Samira CHDLAOUI: Appointed as Daily management delegate
26-05-2026
Van de Casteele: Appointed as Administrateur représentant les actionnaires particulier
26-05-2026
Walid Bouzagou: Appointed as Director
13-11-2025
Commune d'Anderlecht: Resigned as Director
14-10-2025
Jean-Louis PIROTTIN: Resigned as Permanent representative
21-08-2025
Jean-Louis PIROTTIN: Resigned as Director
26-06-2025
Fatiha Rezki: Resigned as Director
05-06-2025
Carine Coppieters: Resigned as Director
19-11-2024
Bastin Elisabeth: Resigned as Director
29-08-2024
Bastin Elisabeth: Resigned as Director
28-05-2024
Abdeslam TAY: Resigned as Director
28-05-2024
Bansenga Ngalamulume: Resigned as Director
28-05-2024
Mohamed Oudadda: Resigned as Director
28-05-2024
Yves HENDRICKX: Resigned as Director
30-05-2023
Sybille le Clément de Saint Marcq: Resigned as Director
30-05-2023
Vincent DOUMIER: Resigned as Director
19-01-2022
Amaury de Liedekerke: Resigned as Director
+ 9 not shown in this overview
Location & real-estate footprint
Registered office, Koekelberg · 16 establishment units since 2003
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.
Jules Besmestraat 1241081 KoekelbergGround area
2.6 ha
Building footprint
1.0 ha
Volume, LiDAR
202,517 m³
15 parcels, Brussels · tallest building 31.0 m, ±9 floors. Linked by address, not a title deed.
16 establishment units
Yourcenar 4
since 20032.231.494.205
Square 33-35
since 20032.231.494.502
Ruysdaelstraat 12, 1070 Anderlecht
since 20032.231.494.995
Goffartstraat 44, 1050 Elsene
since 20032.231.495.193
De Koninckstraat 40, 1080 Sint-Jans-Molenbeek
since 20032.231.495.391
Peterbospark 17a, 1070 Anderlecht
since 20032.231.495.688
Show 10 more locations
Ensemble Jean-Christophe
since 20172.270.847.006
Joseph Baeck
since 20172.270.847.796
Honoré Longtinstraat 58-60, 1090 Jette
since 20172.270.848.984
Masoin
since 20172.270.849.380
Forest 282-286
since 20172.270.849.875
Montserratstraat 11, 1000 Brussel
since 20172.270.850.271
Palais
since 20172.270.850.667
Hunderenveld
since 20172.270.851.063
LUIZENMOLEN
since 20192.288.755.679
Siège social
since 20242.390.487.695
15 parcels
Brussels
15
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21524C0215/00K002 | Brussels | 7,909 m² | 1 · 4,380 m² | 27.9 m · 8 fl. |
| 21010B0136/00X000 | Brussels | 3,507 m² | 1 · 918 m² | 22.2 m · 6 fl. |
| 21003A0260/00G000 | Brussels | 2,717 m² | 1 · 1,278 m² | 26.3 m · 8 fl. |
| 21464D0073/00G004 | Brussels | 2,710 m² | 1 · 697 m² | 17.7 m · 5 fl. |
| 21523B0859/00K000 | Brussels | 1,448 m² | - | - |
| 21492B0085/00Z013 | Brussels | 1,423 m² | 1 · 1,312 m² | 12.2 m · 2 fl. |
| 21442A0080/00R005 | Brussels | 1,262 m² | 1 · 368 m² | 19.4 m · 5 fl. |
| 21302A0158/00M000 | Brussels | 1,084 m² | 1 · 786 m² | 31.0 m · 9 fl. |
| 21007A0120/00P004 | Brussels | 954 m² | 1 · 125 m² | 21.5 m · 4 fl. |
| 21910E0043/00X007 | Brussels | 814 m² | 1 · 343 m² | 23.2 m · 7 fl. |
| 21308H0084/00X000 | Brussels | 656 m² | 1 · 124 m² | 8.0 m · 1 fl. |
| 21342B0123/00L002 | Brussels | 631 m² | - | - |
| 21305B0252/00W004 | Brussels | 422 m² | - | - |
| 21304B0332/00K000 | Brussels | 248 m² | - | - |
| 21808H0130/00C000 | Brussels | 144 m² | 1 · 113 m² | 21.0 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 14
15 of 15 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Dual-learning approval
2 live approvalsElektrische installaties duaal (so)
Elektrotechnisch installateur (vwo)
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Of 206 companies in sector 68202 we hold annual accounts for 190. 126 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formCooperative company
Founded01-01-1968
Fiscal year end31-12
Activities, NACEBEL
68202Real estate activities
70202
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:info@comensia.be
Phone:02 512 25 58