ACTIVE

COMBORI

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Financial year 2025 · Closed on 31/12/2025

Net result1,3 M €+11,0 %over 1 year

Revenue30,4 M €-3,8 %over 1 year

Equity60,7 M €+2,2 %over 1 year

Workforce35,9 ETP-6,5 %over 1 year

Identity

Source · BCE/KBO

COMBORI is a Public limited company incorporated in 1938. Its main activity is: Wholesale of hardware, plumbing and heating equipment and supplies. Its registered office is in Antwerpen. It employs on average 35,9 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0404.936.002
Incorporation: 01/08/1938
Legal form: Public limited company
Registered office: Blancefloerlaan 179A
2050 Antwerpen · FlandreSee on map
Contributed capital: 87 475 189,51 €
Latest accounts: 31/12/2025
Average workforce: 35,9 ETP

Activities (NACE)

46741Wholesale of hardware, plumbing and heating equipment and supplies· main 46841Wholesale trade, except of motor vehicles and motorcycles 51541Air transport

Joint committees (3)

14904
200
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 14 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	30,4 M €	-3.8%	31,6 M €	-18.4%	38,7 M €	+7.2%	36,1 M €	+26.3%	28,6 M €
EBITDA	1,3 M €	+2.0%	1,3 M €	-15.3%	1,6 M €	-5.9%	1,7 M €	+98.2%	833,8 k €
Operating result	1,3 M €	+7.0%	1,2 M €	-25.2%	1,6 M €	+10.8%	1,4 M €	+18.8%	1,2 M €
Net result	1,3 M €	+11.0%	1,2 M €	+5.9%	1,1 M €	+5.9%	1 M €	+108%	-13,8 M €
Balance sheet
Equity	60,7 M €	+2.2%	59,4 M €	+2.0%	58,3 M €	+1.9%	57,2 M €	+1.9%	56,1 M €
Total assets	75,8 M €	+16.8%	64,9 M €	+0.9%	64,3 M €	+3.9%	61,8 M €	-3.9%	64,4 M €
Cash	–		–		–		–		–
Debts	14,9 M €	+182%	5,3 M €	-9.7%	5,9 M €	+32.5%	4,4 M €	-45.4%	8,1 M €
Other
Workforce	35,9 ETP	-6.5%	38,4 ETP	-7.7%	41,6 ETP	+9.8%	37,9 ETP	+7.7%	35,2 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 11 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Vincent Spelbos	Managing directorsince 01/11/2025
René Pit	Director01/02/2021 → 26/06/2026
BMF Management Services BVRepresented by Francisco Terol	Managing director14/07/2014 → 26/06/2026Director15/07/2008 → 2011 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
H.V. Draa lll	Managing director01/07/2017 → 2019 accounts
Frans Maas	Director24/06/2016 → 2016 accounts
Paul Joseph Stanukinas	Managing director01/12/2015 → 2016 accounts
Johan Dewandeleer	Managing director26/06/2015 → 2016 accounts

Other companies at this address

Blancefloerlaan 179A 2050 Antwerpen

Company	CBE no.
CITYCROWN● Active	1029.312.530
CORRIDOR● Active	1029.311.540
CURA● Active	1029.313.718
FABORY CENTRES BELGIUM● Active	0430.092.258
Neroc België● Bankrupt	0779.548.814
PARTIBEL● Active	0828.301.905

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	02/07/2026	04/07/2025	02/07/2024	04/07/2023	29/07/2022	08/07/2021
General meeting	26/06/2026	27/06/2025	28/06/2024	30/06/2023	08/07/2022	25/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	26/06/2026	02/07/2026	Dutch	PDF
Full model	31/12/2024	27/06/2025	04/07/2025	Dutch	PDF
Full model	31/12/2023	28/06/2024	02/07/2024	Dutch	PDF
Full model	31/12/2022	30/06/2023	04/07/2023	Dutch	PDF
Full model	31/12/2021	08/07/2022	29/07/2022	Dutch	PDF
Full model	31/12/2020	25/06/2021	08/07/2021	Dutch	PDF
Full model	31/12/2019	26/06/2020	13/07/2020	Dutch	PDF
Full model	31/12/2018	28/06/2019	28/06/2019	Dutch	PDF
Full model	31/12/2017	29/06/2018	09/07/2018	Dutch	PDF
Full model	31/12/2016	30/06/2017	03/07/2017	Dutch	PDF
Full model	31/12/2015	24/06/2016	01/07/2016	Dutch	PDF
Full model	31/12/2014	26/06/2015	07/07/2015	Dutch	PDF
Full model	31/12/2013	27/06/2014	03/07/2014	Dutch	PDF
Full model	31/12/2012	22/11/2013	29/11/2013	Dutch	PDF
Full model	31/12/2011	29/06/2012	02/07/2012	Dutch	PDF
Full model	31/12/2010	24/06/2011	27/06/2011	Dutch	PDF
Full model	31/12/2009	25/06/2010	08/12/2010	Dutch	PDF
Full model	31/12/2008	26/06/2009	06/07/2009	Dutch	PDF
Full model	31/12/2007	27/06/2008	01/07/2008	Dutch	PDF
Full model	31/12/2006	29/06/2007	10/07/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 11 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Vincent Spelbos	Managing directorsince 01/11/2025
René Pit	Director01/02/2021 → 26/06/2026
BMF Management Services BVRepresented by Francisco Terol	Managing director14/07/2014 → 26/06/2026Director15/07/2008 → 2011 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
H.V. Draa lll	Managing director01/07/2017 → 2019 accounts
Frans Maas	Director24/06/2016 → 2016 accounts
Paul Joseph Stanukinas	Managing director01/12/2015 → 2016 accounts
Johan Dewandeleer	Managing director26/06/2015 → 2016 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates05/05/2026
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares22/01/2026
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Mandates10/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/08/2023
ONTSLAGEN - BENOEMINGEN
PDF
Registered office09/08/2022
MAATSCHAPPELIJKE ZETEL
PDF
Mandates07/12/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/02/2021
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation1938

Name

Registered office

Annual accounts

Filings14 filings

Mandates

Vincent Spelbos

René Pit

BMF Management Services BV

H.V. Draa lll

Frans Maas

Paul Joseph Stanukinas

Johan Dewandeleer

Peter Fluitsma

Cees van Kampen

MILARON

A van der Aa

B.A.M. Romeijn

Show the 2 other mandates

1966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

COMBORI

Blancefloerlaan 179A, 2050 Antwerp-2050

Director

Managing directorDirector

Managing director

Director

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Blancefloerlaan 179A, 2050 Antwerp-2050Current	accounts 2022 → 2025	Accounts 2025 · 2026-00249382
Blancefloerlaan 181, 2050 Antwerp-2050	accounts 2021	Accounts 2021 · 2022-20258873

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
COMBORICurrent	accounts 2006 → 2025	Accounts 2025 · 2026-00249382

Events

2025
Annual accounts 20251,3 M €↑
01/11/2025
nominationVincent SPELBOS · bestuurder
01/04/2025
nominationMartinus Petrus Nicolaas Verdegaal · vaste vertegenwoordiger
2024
Annual accounts 20241,2 M €↑
19/09/2024
reconductionBDO Bedrijfsrevisoren BV · commissaris
2023
Annual accounts 20231,1 M €↑
29/11/2023
nominationRené Pit · gedelegeerd bestuurder
2022
Annual accounts 20221 M €↑
29/12/2022
nominationYves Antoine A. Derycke · vaste vertegenwoordiger voor het bestuursmandaat
2021
Annual accounts 2021-13,8 M €↓
2020
Annual accounts 2020503,3 k €↓
2019
Annual accounts 20191,4 M €↓
2016
Annual accounts 20161,5 M €↑
2011
Annual accounts 2011-3,5 M €↓
2010
Annual accounts 2010-1,5 M €↑
2009
Annual accounts 2009-3,3 M €↓
2008
Annual accounts 2008-874,4 k €↓
2007
Annual accounts 20074,2 M €↑
2006
Annual accounts 2006-1,6 M €
01/08/1938
IncorporationPublic limited company

COMBORI

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline

Timeline

Registered offices

Company names

Events