ACTIVE

COMUREX

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Financial year 2025 · closed on 31/12/2025

Net result

231,6 k €

-13.0% YoY

Gross margin

797,9 k €

-1.0% YoY

Equity

1 M €

+20.0% YoY

Workforce

7,2 ETP

+30.9% YoY

What does COMUREX do?

COMUREX is a Private limited company incorporated in 1989. Its registered office is in Stavelot. It employs on average 7,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0436.050.038

Incorporation

01/01/1989

Legal form

Private limited company

Registered office

Rue Emile Goedert 12
4970 Stavelot · WallonieSee on map

Contributed capital

35 500,00 €

Latest accounts

31/12/2025

Average workforce

7,2 ETP

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	797,9 k €	-1.0%	806,1 k €	+16.2%	693,9 k €	-23.5%	907,2 k €	+33.9%	677,8 k €	+36.4%	496,9 k €	+1.6%	489,1 k €	-3.9%	508,8 k €	+8.1%	470,6 k €	-0.1%	471 k €	+1.9%	462,2 k €	-2.0%	471,7 k €	+0.6%	468,9 k €	+25.3%	374,3 k €	-14.5%	437,8 k €	-2.5%	448,9 k €	+6.7%	420,8 k €	+11.0%	379,1 k €	-1.6%	385,2 k €	-13.2%	443,8 k €
EBITDA	407,5 k €	+1.3%	402,2 k €	+23.3%	326 k €	-49.1%	640,1 k €	+39.0%	460,4 k €	+86.8%	246,5 k €	+66.4%	148,1 k €	-14.2%	172,6 k €	+12.2%	153,9 k €	+16.0%	132,6 k €	-10.3%	147,8 k €	+16.2%	127,2 k €	-19.7%	158,5 k €	+85.4%	85,5 k €	-39.9%	142,3 k €	-15.5%	168,3 k €	+35.6%	124,2 k €	+11.4%	111,5 k €	-21.1%	141,3 k €	-14.2%	164,8 k €
Operating result	329,7 k €	-12.4%	376,4 k €	+43.0%	263,3 k €	-50.3%	529,9 k €	+24.1%	427 k €	+114%	199,1 k €	+172%	73,3 k €	-14.8%	86 k €	+10.0%	78,2 k €	+13.1%	69,1 k €	-37.2%	110,1 k €	+77.0%	62,2 k €	-10.0%	69,1 k €	+715%	-11,2 k €	-116%	70,9 k €	+8.2%	65,5 k €	+6.1%	61,8 k €	+141%	25,6 k €	-69.6%	84,4 k €	-2.2%	86,3 k €
Net result	231,6 k €	-13.0%	266,2 k €	+44.7%	184 k €	-52.7%	389 k €	+0.7%	386,4 k €	+163%	147 k €	+178%	52,8 k €	-12.6%	60,4 k €	+45.2%	41,6 k €	-25.2%	55,7 k €	-35.1%	85,7 k €	+70.6%	50,3 k €	-26.1%	68 k €	+1082%	5,8 k €	-89.6%	55,5 k €	+4.6%	53 k €	+4.6%	50,7 k €	+94.9%	26 k €	-59.0%	63,4 k €	+9.7%	57,8 k €
Balance sheet
Equity	1 M €	+20.0%	834,3 k €	+31.8%	633 k €	+11.3%	569 k €	-13.8%	660 k €	+13.8%	580,2 k €	-23.0%	753,6 k €	+7.5%	700,7 k €	+9.4%	640,3 k €	+6.4%	602 k €	+2.1%	589,6 k €	+7.8%	547,1 k €	+55.1%	352,7 k €	-35.4%	546,1 k €	+0.5%	543,6 k €	+4.3%	521,5 k €	+3.9%	501,7 k €	+5.8%	474,3 k €	+1.3%	468,3 k €	+7.7%	434,9 k €
Total assets	2,3 M €	+26.3%	1,8 M €	+38.4%	1,3 M €	-27.4%	1,8 M €	+27.9%	1,4 M €	+25.6%	1,1 M €	-0.4%	1,1 M €	+9.0%	1 M €	+8.1%	945,7 k €	-8.7%	1 M €	+20.5%	859,4 k €	+2.7%	836,8 k €	-27.7%	1,2 M €	+34.3%	861 k €	-5.1%	906,8 k €	+9.3%	829,6 k €	+6.7%	777,3 k €	-3.7%	807,5 k €	+10.6%	730,1 k €	-14.6%	854,6 k €
Cash	368,3 k €	+48.8%	247,5 k €	-6.1%	263,5 k €	-41.2%	448,1 k €	+48.0%	302,7 k €	-57.1%	705,4 k €	+30.2%	541,8 k €	+10.0%	492,5 k €	+192%	168,5 k €	-31.1%	244,6 k €	-45.2%	446,4 k €	+80.9%	246,8 k €	+110%	117,6 k €	-47.9%	225,7 k €	+1.5%	222,4 k €	-2.0%	226,9 k €	+23.8%	183,4 k €	+6.2%	172,6 k €	-48.7%	336,4 k €	-2.7%	345,8 k €
Debts	1,3 M €	+31.7%	956,4 k €	+44.8%	660,5 k €	-45.6%	1,2 M €	+65.4%	733,6 k €	+38.6%	529,3 k €	+46.8%	360,6 k €	+12.2%	321,3 k €	+5.2%	305,4 k €	-29.5%	433,2 k €	+60.6%	269,8 k €	-6.9%	289,7 k €	-64.0%	804 k €	+155%	314,9 k €	-13.3%	363,2 k €	+18.6%	306,2 k €	+24.7%	245,6 k €	-19.0%	303,2 k €	+15.8%	261,9 k €	-37.6%	419,8 k €
Other
Workforce	7,2 ETP	+30.9%	5,5 ETP	-1.8%	5,6 ETP	0.0%	5,6 ETP	+9.8%	5,1 ETP	-21.5%	6,5 ETP	-3.0%	6,7 ETP	0.0%	6,7 ETP	+3.1%	6,5 ETP	-3.0%	6,7 ETP	-1.5%	6,8 ETP	0.0%	6,8 ETP	0.0%	6,8 ETP	0.0%	6,8 ETP	0.0%	6,8 ETP	+1.5%	6,7 ETP	-2.9%	6,9 ETP	-4.2%	7,2 ETP	+4.3%	6,9 ETP	0.0%	6,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 5 ended

Active mandates

Alexandre David

Director

Active

Jean NELLES

Director

Active

Ended mandates

Alexandre DAVID

Director · since 17 janvier 2022

Ended

Jean NELLES

Director · since 17 janvier 2022

Ended

COPAMIMMO

Director · since 11 février 2021 · 0763.720.590

Represented by Pierre SCHMITZ

Ended

PIERRE SCHMITZ

Administrator - manager

Ended

At this address

Other companies at this address

Company	CBE no.
SM Comurex-DKC-W2Project● Active	0799.761.535
SSM COMUREX SRL - LEGROS SA● Active	0777.809.841

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	10/07/2026	18/08/2025	28/08/2024	13/06/2023	19/08/2022	28/07/2021
General meeting	30/06/2026	30/06/2025	28/06/2024	25/05/2023	27/05/2022	27/05/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	10/07/2026	French	PDF
Abridged model	31/12/2024	30/06/2025	18/08/2025	French	PDF
Abridged model	31/12/2023	28/06/2024	28/08/2024	French	PDF
Abridged model	31/12/2022	25/05/2023	13/06/2023	French	PDF
Abridged model	31/12/2021	27/05/2022	19/08/2022	French	PDF
Abridged model	31/12/2020	27/05/2021	28/07/2021	French	PDF
Abridged model	31/12/2019	28/05/2020	26/06/2020	French	PDF
Abridged model	31/12/2018	31/05/2019	03/06/2019	French	PDF
Abridged model	31/12/2017	31/05/2018	01/06/2018	French	PDF
Abridged model	31/12/2016	26/05/2017	06/06/2017	French	PDF
Abridged model	31/12/2015	26/05/2016	06/06/2016	French	PDF
Abridged model	31/12/2014	28/05/2015	06/08/2015	French	PDF
Abridged model	31/12/2013	30/05/2014	25/08/2014	French	PDF
Abridged model	31/12/2012	30/05/2013	06/06/2013	French	PDF
Abridged model	31/12/2011	31/05/2012	26/06/2012	French	PDF
Abridged model	31/12/2010	26/05/2011	06/06/2011	French	PDF
Abridged model	31/12/2009	27/05/2010	31/05/2010	French	PDF
Abridged model	31/12/2008	28/05/2009	03/06/2009	French	PDF
Abridged model	31/12/2007	29/05/2008	02/06/2008	French	PDF
Abridged model	31/12/2006	31/05/2007	06/06/2007	French	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 5 ended

Active mandates

Alexandre David

Director

Active

Jean NELLES

Director

Active

Ended mandates

Alexandre DAVID

Director · since 17 janvier 2022

Ended

Jean NELLES

Director · since 17 janvier 2022

Ended

COPAMIMMO

Director · since 11 février 2021 · 0763.720.590

Represented by Pierre SCHMITZ

Ended

PIERRE SCHMITZ

Administrator - manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates02/02/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates04/03/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates17/06/2020
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - OBJET - DEMISSIONS, NOMINATIONS
PDF
Mandates16/12/2014
DEMISSIONS, NOMINATIONS - MODIFICATION FORME JURIDIQUE
PDF
Capital / shares02/04/2014
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates13/07/2007
DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

2025
Annual accounts 2025231,6 k €↓
2024
Annual accounts 2024266,2 k €↑
2023
Annual accounts 2023184 k €↓
2022
Annual accounts 2022389 k €↑
2021
Annual accounts 2021386,4 k €↑
2020
Annual accounts 2020147 k €↑
2019
Annual accounts 201952,8 k €↓
2018
Annual accounts 201860,4 k €↑
2017
Annual accounts 201741,6 k €↓
2016
Annual accounts 201655,7 k €↓
2015
Annual accounts 201585,7 k €↑
2014
Annual accounts 201450,3 k €↓
2013
Annual accounts 201368 k €↑
2012
Annual accounts 20125,8 k €↓
2011
Annual accounts 201155,5 k €↑
2010
Annual accounts 201053 k €↑
2009
Annual accounts 200950,7 k €↑
2008
Annual accounts 200826 k €↓
2007
Annual accounts 200763,4 k €↑
2006
Annual accounts 200657,8 k €
01/01/1989
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

COMUREX

Overview

What does COMUREX do?

Trend over 20 financial years

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