ACTIVE

COMAX

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

-37,1 k €

-5.8% YoY

Gross margin

16,1 k €

-14.7% YoY

Equity

1,3 M €

-2.8% YoY

What does COMAX do?

COMAX is a Public limited company incorporated in 1990. Its registered office is in Liège.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0441.624.964

Incorporation

02/08/1990

Legal form

Public limited company

Registered office

Boulevard d'Avroy 3 box 121
4000 Liège · WallonieSee on map

Contributed capital

1 642 615,74 €

Latest accounts

31/12/2025

Joint committees (1)

Signals

Solid equityLow riskGood liquidity

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ 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	16,1 k €	-14.7%	18,9 k €	-39.2%	31 k €	+22.4%	25,3 k €	+0.5%	25,2 k €	-18.4%	30,9 k €	+37.0%	22,6 k €	-46.5%	42,1 k €	+400%	8,4 k €	-61.1%	21,7 k €	-20.4%	27,2 k €	-12.2%	31 k €	-57.6%	73,1 k €	+5.9%	69,1 k €	+18.4%	58,3 k €	-0.7%	58,7 k €	-4.1%	61,2 k €	+6.2%	57,7 k €	+3.7%	55,6 k €	+6.8%	52,1 k €
EBITDA	-11,3 k €	-9.6%	-10,3 k €	-514%	2,5 k €	+461%	-691,1 €	+82.7%	-4 k €	-168%	5,9 k €	-63.3%	16,1 k €	+10.3%	14,6 k €	+9217%	-159,9 €	-103%	5 k €	+1.1%	4,9 k €	+106%	2,4 k €	-94.9%	46,6 k €	+10.0%	42,4 k €	+12.8%	37,6 k €	-1.2%	38 k €	+39.5%	27,3 k €	+12.0%	24,3 k €	-3.8%	25,3 k €	-10.6%	28,3 k €
Operating result	-33,8 k €	-3.0%	-32,8 k €	-7.6%	-30,5 k €	+20.2%	-38,2 k €	+8.0%	-41,5 k €	-31.3%	-31,6 k €	-47.5%	-21,4 k €	+7.8%	-23,2 k €	+35.7%	-36,1 k €	-38.2%	-26,1 k €	-25.6%	-20,8 k €	+0.6%	-20,9 k €	-189%	23,4 k €	+22.1%	19,2 k €	+31.6%	14,6 k €	-2.9%	15 k €	+254%	4,2 k €	+211%	1,4 k €	-41.2%	2,3 k €	-56.5%	5,3 k €
Net result	-37,1 k €	-5.8%	-35,1 k €	-1.2%	-34,7 k €	+18.9%	-42,8 k €	+7.9%	-46,4 k €	-26.0%	-36,9 k €	-35.6%	-27,2 k €	+7.2%	-29,3 k €	+27.7%	-40,5 k €	-54.6%	-26,2 k €	-25.4%	-20,9 k €	-17.1%	-17,8 k €	-1980%	948,2 €	-93.7%	15,1 k €	+26.1%	12 k €	-2.4%	12,3 k €	+2245%	-571,4 €	+63.1%	-1,6 k €	+46.6%	-2,9 k €	-3854%	-73,4 €
Balance sheet
Equity	1,3 M €	-2.8%	1,3 M €	-2.6%	1,4 M €	-2.5%	1,4 M €	-3.0%	1,4 M €	-3.1%	1,5 M €	-2.4%	1,5 M €	-1.8%	1,5 M €	-1.9%	1,6 M €	-2.5%	1,6 M €	+26.5%	1,3 M €	+6.8%	1,2 M €	+24.4%	958,5 k €	+0.1%	957,6 k €	+1.6%	942,5 k €	+1.3%	930,5 k €	+1.3%	918,3 k €	-0.1%	918,8 k €	-0.2%	920,4 k €	-0.3%	923,3 k €
Total assets	1,8 M €	-1.6%	1,9 M €	-2.8%	1,9 M €	-2.7%	2 M €	-2.6%	2 M €	-2.9%	2,1 M €	-2.5%	2,1 M €	-2.0%	2,2 M €	-2.0%	2,2 M €	+11.6%	2 M €	+20.5%	1,6 M €	+5.2%	1,6 M €	+16.9%	1,3 M €	+1.4%	1,3 M €	+2.4%	1,3 M €	+2.2%	1,3 M €	+2.0%	1,2 M €	+1.7%	1,2 M €	+0.7%	1,2 M €	+0.6%	1,2 M €
Cash	19,7 k €	-24.5%	26 k €	+266%	7,1 k €	-73.5%	26,8 k €	-36.0%	41,9 k €	+4.6%	40 k €	-28.7%	56,1 k €	-9.8%	62,2 k €	-10.8%	69,8 k €	-32.3%	103 k €	+5.0%	98,1 k €	+7.5%	91,2 k €	+69.6%	53,8 k €	-2.8%	55,4 k €	+17.7%	47 k €	+82.5%	25,8 k €	+82.3%	14,1 k €	+4.2%	13,6 k €	-28.4%	19 k €	+166%	7,1 k €
Debts	368,6 k €	+2.3%	360,4 k €	-4.7%	378,1 k €	-4.5%	396,2 k €	-2.4%	405,9 k €	-3.4%	420,2 k €	-3.8%	436,9 k €	-3.6%	453,4 k €	-3.4%	469,4 k €	+136%	198,7 k €	0.0%	198,7 k €	+0.0%	198,6 k €	-3.8%	206,4 k €	-4.1%	215,2 k €	-4.4%	225,2 k €	-1.7%	229 k €	-3.0%	236,2 k €	+1.0%	233,9 k €	-2.1%	238,9 k €	-3.0%	246,2 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		0,6 ETP	-40.0%	1,0 ETP	+66.7%	0,6 ETP	+100%	0,3 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 31/12/2022 · 2 active · 5 ended

Active mandates

Sylvain COLLARD

Managing director · since 01 mars 2013

Active

Maryse POMMAY

Director

Active

Ended mandates

Sylvain COLLARD

Director · since 03 mai 2002

Ended

Maryse POMMAY

Director · since 02 août 1990

Ended

Maximilien COLLARD

Managing director · since 02 août 1990

Ended

Maryse POMMAY

Administrator - manager

Ended

At this address

Other companies at this address

Company	CBE no.
ASSOC DES COPROPRIETAIRE RESIDENCE REGINA ACP● Active	0850.182.927
ASSOCIATION BELGE POUR LA LITTERATIE - SECTION FRANCOPHONE● Active	0472.158.683
Association des Copropriétaires Résidence Régina (Regina) à Liège Boulevard d'Avroy 3 et rue Pont d'Avroy 61● Active	0874.024.339
BAIL PRODUCTIONS● Active	0458.221.763
Centelec● Liquidation	0404.232.256
EURINFO● Liquidation	0413.988.773
Gestion du Loisir● Liquidation	0432.661.075
PML COMPANY● Active	0780.663.423
Sensalec● Liquidation	0406.105.247
SKM Nettoyage● Bankrupt	0680.565.955
YOUPIE QUAND MEME● Active	0822.441.125

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	03/06/2026	27/08/2025	31/08/2024	31/08/2023	05/08/2022	31/08/2021
General meeting	04/05/2026	05/05/2025	06/05/2024	08/05/2023	09/05/2022	03/05/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	04/05/2026	03/06/2026	French	PDF
Micro model	31/12/2024	05/05/2025	27/08/2025	French	PDF
Micro model	31/12/2023	06/05/2024	31/08/2024	French	PDF
Micro model	31/12/2022	08/05/2023	31/08/2023	French	PDF
Micro model	31/12/2021	09/05/2022	05/08/2022	French	PDF
Micro model	31/12/2020	03/05/2021	31/08/2021	French	PDF
Micro model	31/12/2019	02/05/2020	27/08/2020	French	PDF
Micro model	31/12/2018	04/05/2019	26/08/2019	French	PDF
Abridged model	31/12/2017	05/05/2018	30/08/2018	French	PDF
Abridged model	31/12/2016	06/05/2017	29/08/2017	French	PDF
Abridged model	31/12/2015	06/06/2016	25/08/2016	French	PDF
Abridged model	31/12/2014	02/05/2015	31/08/2015	French	PDF
Abridged model	31/12/2013	03/05/2014	31/08/2014	French	PDF
Abridged model	31/12/2012	04/05/2013	31/08/2013	French	PDF
Abridged model	31/12/2011	05/05/2012	31/08/2012	French	PDF
Abridged model	31/12/2010	07/05/2011	29/08/2011	French	PDF
Abridged model	31/12/2009	03/05/2010	26/08/2010	French	PDF
Abridged model	31/12/2008	02/05/2009	31/08/2009	French	PDF
Abridged model	31/12/2007	03/05/2008	20/08/2008	French	PDF
Abridged model	31/12/2006	05/05/2007	24/08/2007	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 31/12/2022 · 2 active · 5 ended

Active mandates

Sylvain COLLARD

Managing director · since 01 mars 2013

Active

Maryse POMMAY

Director

Active

Ended mandates

Sylvain COLLARD

Director · since 03 mai 2002

Ended

Maryse POMMAY

Director · since 02 août 1990

Ended

Maximilien COLLARD

Managing director · since 02 août 1990

Ended

Maryse POMMAY

Administrator - manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates02/01/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates05/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS
PDF
Registered office27/11/2019
SIEGE SOCIAL
PDF
Capital / shares30/06/2017
CAPITAL, ACTIONS
PDF
Capital / shares10/08/2016
CAPITAL, ACTIONS
PDF
Capital / shares20/08/2015
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Capital / shares25/03/2014
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates15/04/2013
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 2025-37,1 k €↓
2024
Annual accounts 2024-35,1 k €↓
2023
Annual accounts 2023-34,7 k €↑
2022
Annual accounts 2022-42,8 k €↑
2021
Annual accounts 2021-46,4 k €↓
2020
Annual accounts 2020-36,9 k €↓
2019
Annual accounts 2019-27,2 k €↑
2018
Annual accounts 2018-29,3 k €↑
2017
Annual accounts 2017-40,5 k €↓
2016
Annual accounts 2016-26,2 k €↓
2015
Annual accounts 2015-20,9 k €↓
2014
Annual accounts 2014-17,8 k €↓
2013
Annual accounts 2013948,2 €↓
2012
Annual accounts 201215,1 k €↑
2011
Annual accounts 201112 k €↓
2010
Annual accounts 201012,3 k €↑
2009
Annual accounts 2009-571,4 €↑
2008
Annual accounts 2008-1,6 k €↑
2007
Annual accounts 2007-2,9 k €↓
2006
Annual accounts 2006-73,4 €
02/08/1990
IncorporationPublic 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

COMAX

Overview

What does COMAX 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