COMASE
0442.365.431 · rovalta.com · 21/09/2026
ACTIVE
COMASE
Financial year 2025 · closed on 31/12/2025
Net result
42,7 k €
-34.4% YoY
Gross margin
454 k €
+20.5% YoY
Equity
572,4 k €
+12.9% YoY
Workforce
4,3 ETP
+43.3% YoY
Overview
What does COMASE do?
COMASE is a Public limited company incorporated in 1990. Its main activity is: Management consultancy activities. Its registered office is in Charleroi. It employs on average 4,3 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0442.365.431
Incorporation
14/12/1990
Legal form
Public limited company
Registered office
Avenue Eugène Mascaux 72
6001 Charleroi · WallonieSee on map
6001 Charleroi · WallonieSee on map
Contributed capital
150 000,00 €
Latest accounts
31/12/2025
Average workforce
4,3 ETP
Activities (NACE)
Joint committees (3)
- 100
- 200
- 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
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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 | 454 k € | +20.5% | 376,7 k € | +5.9% | 355,6 k € | +5.9% | 335,9 k € | +25.4% | 267,9 k € | +14.4% | 234,3 k € | +78.1% | 131,6 k € | -14.2% | 153,4 k € | -12.2% | 174,6 k € | +18.0% | 147,9 k € | -35.5% | 229,2 k € | -12.9% | 263,2 k € | +19.9% | 219,5 k € | +5.2% | 208,7 k € | -8.5% | 228 k € | -24.7% | 302,6 k € | +27.2% | 237,8 k € | +40.0% | 169,8 k € | -2.3% | 173,8 k € | +26.2% | 137,7 k € |
| EBITDA | 155,8 k € | -12.3% | 177,6 k € | +25.8% | 141,2 k € | -4.0% | 147,1 k € | +108% | 70,8 k € | +12.8% | 62,8 k € | +6.3% | 59 k € | -16.1% | 70,4 k € | +19.6% | 58,8 k € | +341% | 13,3 k € | -78.8% | 62,9 k € | -13.1% | 72,3 k € | -9.0% | 79,4 k € | +21.4% | 65,4 k € | +31.7% | 49,7 k € | -48.5% | 96,5 k € | +93.1% | 50 k € | +90.1% | 26,3 k € | -57.2% | 61,4 k € | +41.5% | 43,4 k € |
| Operating result | 72,2 k € | -31.5% | 105,3 k € | +17.3% | 89,8 k € | -22.9% | 116,5 k € | +153% | 46,1 k € | -0.7% | 46,4 k € | +44.9% | 32 k € | -25.4% | 42,9 k € | +80.8% | 23,8 k € | +24.9% | 19 k € | -8.6% | 20,8 k € | -7.6% | 22,5 k € | -51.9% | 46,8 k € | +145% | 19,1 k € | +16.2% | 16,4 k € | -61.1% | 42,2 k € | +80.1% | 23,5 k € | +442% | 4,3 k € | -81.2% | 23 k € | +50.9% | 15,2 k € |
| Net result | 42,7 k € | -34.4% | 65,1 k € | +7.9% | 60,4 k € | -28.2% | 84,1 k € | +155% | 33 k € | +1.0% | 32,7 k € | +51.9% | 21,5 k € | -41.0% | 36,5 k € | +220% | 11,4 k € | -13.7% | 13,2 k € | -35.7% | 20,5 k € | +13.2% | 18,1 k € | -12.4% | 20,7 k € | +132% | 8,9 k € | -3.1% | 9,2 k € | -22.3% | 11,9 k € | -14.5% | 13,9 k € | -1.3% | 14,1 k € | -15.0% | 16,6 k € | -3.1% | 17,1 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||||
| Equity | 572,4 k € | +12.9% | 506,9 k € | +12.8% | 449,2 k € | +12.3% | 400,1 k € | +6.8% | 374,7 k € | +6.8% | 350,7 k € | +8.1% | 324,5 k € | +4.1% | 311,7 k € | +10.0% | 283,2 k € | +8.2% | 261,8 k € | +5.3% | 248,7 k € | +9.0% | 228,1 k € | +11.7% | 204,2 k € | -38.6% | 332,4 k € | -0.0% | 332,4 k € | +0.2% | 331,7 k € | +3.9% | 319,4 k € | +1.0% | 316,1 k € | +0.5% | 314,6 k € | +0.0% | 314,6 k € |
| Total assets | 1,7 M € | +6.1% | 1,6 M € | +3.6% | 1,5 M € | +14.0% | 1,3 M € | +37.3% | 973,4 k € | +13.5% | 857,8 k € | +19.8% | 715,8 k € | -7.4% | 773,1 k € | -3.3% | 799,5 k € | +14.8% | 696,2 k € | +1.8% | 683,9 k € | -8.7% | 748,8 k € | -11.3% | 843,7 k € | +23.6% | 682,4 k € | -10.9% | 766 k € | -7.6% | 828,8 k € | +51.2% | 548,2 k € | -20.9% | 693 k € | -28.5% | 969,4 k € | -1.0% | 979,4 k € |
| Cash | 426,8 k € | -8.4% | 465,9 k € | +17.3% | 397,1 k € | -32.5% | 588,5 k € | -1.9% | 600 k € | +24.7% | 481 k € | +46.4% | 328,5 k € | -30.8% | 474,4 k € | +173% | 173,9 k € | -29.8% | 247,5 k € | +132% | 106,5 k € | -65.5% | 309 k € | +19.1% | 259,4 k € | +102% | 128,6 k € | -63.3% | 350,4 k € | +157% | 136,2 k € | +29.7% | 105 k € | -64.3% | 294,4 k € | -42.5% | 511,6 k € | +582% | 75 k € |
| Debts | 1,1 M € | +3.0% | 1 M € | -0.8% | 1 M € | +11.7% | 936,1 k € | +56.4% | 598,7 k € | +18.1% | 507,1 k € | +29.6% | 391,3 k € | -15.2% | 461,5 k € | -10.6% | 516,3 k € | +18.9% | 434,4 k € | -0.2% | 435,3 k € | -16.4% | 520,6 k € | -18.3% | 637 k € | +82.0% | 350,1 k € | -19.3% | 433,6 k € | -12.8% | 497,1 k € | +117% | 228,8 k € | -39.3% | 376,9 k € | -42.4% | 654,7 k € | -1.5% | 664,9 k € |
| Other | |||||||||||||||||||||||||||||||||||||||
| Workforce | 4,3 ETP | +43.3% | 3,0 ETP | 0.0% | 3,0 ETP | -9.1% | 3,3 ETP | -2.9% | 3,4 ETP | +9.7% | 3,1 ETP | +138% | 1,3 ETP | 0.0% | 1,3 ETP | -35.0% | 2,0 ETP | -13.0% | 2,3 ETP | -23.3% | 3,0 ETP | 0.0% | 3,0 ETP | +50.0% | 2,0 ETP | -25.9% | 2,7 ETP | -6.9% | 2,9 ETP | -9.4% | 3,2 ETP | +39.1% | 2,3 ETP | 0.0% | 2,3 ETP | +15.0% | 2,0 ETP | +5.3% | 1,9 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 500 k€ and 1 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 5 active · 41 ended
Active mandates
Bernard LAMBRECHT
ActiveFrédéric LION
ActivePierre FRANCAUX
ActivePierre FRANCAUX
ActivePierre FRANCAUX
ActiveEnded mandates
Pierre FRANCAUX
EndedPierre FRANCAUX
EndedBernard LAMBRECHT
EndedBernard LAMBRECHT
EndedFinancials
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 | 12/05/2026 | 03/07/2025 | 07/06/2024 | 25/05/2023 | 20/07/2022 | 08/06/2021 |
| General meeting | 14/04/2026 | 08/04/2025 | 09/04/2024 | 11/04/2023 | 12/04/2022 | 13/04/2021 |
| 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 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 14/04/2026 | 12/05/2026 | French | |
| Abridged model | 31/12/2024 | 08/04/2025 | 03/07/2025 | French | |
| Abridged model | 31/12/2023 | 09/04/2024 | 07/06/2024 | French | |
| Abridged model | 31/12/2022 | 11/04/2023 | 25/05/2023 | French | |
| Abridged model | 31/12/2021 | 12/04/2022 | 20/07/2022 | French | |
| Abridged model | 31/12/2020 | 13/04/2021 | 08/06/2021 | French | |
| Abridged model | 31/12/2019 | 14/04/2020 | 14/05/2020 | French | |
| Abridged model | 31/12/2018 | 09/04/2019 | 14/05/2019 | French | |
| Abridged model | 31/12/2017 | 10/04/2018 | 20/07/2018 | French | |
| Abridged model | 31/12/2016 | 11/04/2017 | 21/08/2017 | French | |
| Abridged model | 31/12/2015 | 12/04/2016 | 17/06/2016 | French | |
| Abridged model | 31/12/2014 | 14/04/2015 | 26/06/2015 | French | |
| Abridged model | 31/12/2013 | 08/04/2014 | 18/07/2014 | French | |
| Abridged model | 31/12/2012 | 09/04/2013 | 09/07/2013 | French | |
| Abridged model | 31/12/2011 | 10/04/2012 | 22/05/2012 | French | |
| Abridged model | 31/12/2010 | 12/04/2011 | 08/08/2011 | French | |
| Abridged model | 31/12/2009 | 13/04/2010 | 16/07/2010 | French | |
| Abridged model | 31/12/2008 | 14/04/2009 | 24/07/2009 | French | |
| Abridged model | 31/12/2007 | 08/04/2008 | 03/06/2008 | French | |
| Abridged model | 31/12/2006 | 10/04/2007 | 07/06/2007 | French |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 500 k€ and 1 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 5 active · 41 ended
Active mandates
Bernard LAMBRECHT
ActiveFrédéric LION
ActivePierre FRANCAUX
ActivePierre FRANCAUX
ActivePierre FRANCAUX
ActiveEnded mandates
Pierre FRANCAUX
EndedPierre FRANCAUX
EndedBernard LAMBRECHT
EndedBernard LAMBRECHT
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates18/08/2025DEMISSIONS, NOMINATIONS
- Registered office26/10/2023SIEGE SOCIAL
- Mandates04/02/2022DEMISSIONS, NOMINATIONS
- Mandates09/05/2019DEMISSIONS, NOMINATIONS
- Mandates20/07/2018DEMISSIONS, NOMINATIONS
- Mandates02/02/2016DEMISSIONS, NOMINATIONS
- Mandates21/10/2015DEMISSIONS, NOMINATIONS
- Mandates11/07/2014DEMISSIONS, NOMINATIONS
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 202542,7 k €↓
- 2024Annual accounts 202465,1 k €↑
- 2023Annual accounts 202360,4 k €↓
- 2022Annual accounts 202284,1 k €↑
- 2021Annual accounts 202133 k €↑
- 2020Annual accounts 202032,7 k €↑
- 2019Annual accounts 201921,5 k €↓
- 2018Annual accounts 201836,5 k €↑
- 2017Annual accounts 201711,4 k €↓
- 2016Annual accounts 201613,2 k €↓
- 2015Annual accounts 201520,5 k €↑
- 2014Annual accounts 201418,1 k €↓
- 2013Annual accounts 201320,7 k €↑
- 2012Annual accounts 20128,9 k €↓
- 2011Annual accounts 20119,2 k €↓
- 2010Annual accounts 201011,9 k €↓
- 2009Annual accounts 200913,9 k €↓
- 2008Annual accounts 200814,1 k €↓
- 2007Annual accounts 200716,6 k €↓
- 2006Annual accounts 200617,1 k €
- 14/12/1990IncorporationPublic limited company