NORMAL SITUATION

COMEXAS SEAFREIGHT

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Company — Normal situation.

Strike-off: 04 septembre 2026

Financial year 2025 · Closed on 31/12/2025

Net result68,2 k €-69,9 %over 1 year

Gross margin1 M €-1,4 %over 1 year

Equity259,8 k €+35,6 %over 1 year

Workforce9,8 ETP+3,2 %over 1 year

Identity

Source · BCE/KBO

COMEXAS SEAFREIGHT is a Public limited company incorporated in 1991. It employs on average 9,8 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0445.123.201
Incorporation: 18/09/1991
Legal form: Public limited company
Contributed capital: 150 000,00 €
Latest accounts: 31/12/2025
Average workforce: 9,8 ETP

Joint committees (1)

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	1 M €	-1.4%	1 M €	+20.5%	871,4 k €	-32.3%	1,3 M €	+70.4%	754,8 k €
EBITDA	113,6 k €	-63.2%	308,4 k €	+261%	85,5 k €	-85.6%	595,8 k €	+371%	126,6 k €
Operating result	86,4 k €	-71.0%	297,6 k €	+338%	68 k €	-88.4%	588,5 k €	+448%	107,4 k €
Net result	68,2 k €	-69.9%	226,6 k €	+517%	36,7 k €	-91.4%	426 k €	+516%	69,2 k €
Balance sheet
Equity	259,8 k €	+35.6%	191,6 k €	-71.2%	665 k €	0.0%	665 k €	0.0%	665 k €
Total assets	7,8 M €	+423%	1,5 M €	-35.2%	2,3 M €	-22.1%	2,9 M €	+48.6%	2 M €
Cash	129,8 k €	-28.0%	180,3 k €	-74.3%	702 k €	-36.7%	1,1 M €	+25.9%	881,7 k €
Debts	7,5 M €	+494%	1,3 M €	-21.7%	1,6 M €	-28.5%	2,3 M €	+71.8%	1,3 M €
Other
Workforce	9,8 ETP	+3.2%	9,5 ETP	0.0%	9,5 ETP	+1.1%	9,4 ETP	+5.6%	8,9 ETP

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 27 ended

Active mandates

LogiKos

Director · since 12 juin 2025 · until 31 mai 2026 · 1015.754.504

Represented by Constantin de Gruben

Active

Benoit Philippart de Foy

Director · since 01 octobre 2024 · until 30 septembre 2030

Active

Wim Gladiné

Director · since 01 octobre 2024 · until 30 septembre 2030

Active

Constantin de Gruben

Managing director · since 13 décembre 2019 · until 12 juin 2025

Active

Constantin de Gruben

Director · since 13 juin 2013 · until 12 juin 2025

Active

Ended mandates

Constantin de Gruben

Managing director · since 13 décembre 2019 · until 30 septembre 2030

Ended

Constantin de Gruben

Managing director · since 13 décembre 2019

Ended

Constantin de Gruben

Director · since 13 juin 2013 · until 30 septembre 2030

Ended

Constantin de Gruben

Director · since 13 juin 2013

Ended

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	28/07/2026	03/07/2025	19/06/2024	10/08/2023	20/07/2022	02/07/2021
General meeting	11/06/2026	12/06/2025	13/06/2024	08/06/2023	09/06/2022	10/06/2021
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
Abridged model	31/12/2025	11/06/2026	28/07/2026	Dutch	PDF
Abridged model	31/12/2024	12/06/2025	03/07/2025	Dutch	PDF
Abridged model	31/12/2023	13/06/2024	19/06/2024	Dutch	PDF
Abridged model	31/12/2022	08/06/2023	10/08/2023	Dutch	PDF
Abridged model	31/12/2021	09/06/2022	20/07/2022	Dutch	PDF
Full model	31/12/2020	10/06/2021	02/07/2021	Dutch	PDF
Full model	31/12/2019	11/06/2020	16/07/2020	Dutch	PDF
Full model	31/12/2018	13/06/2019	18/07/2019	Dutch	PDF
Full model	31/12/2017	14/06/2018	18/07/2018	Dutch	PDF
Full model	31/12/2016	08/06/2017	25/07/2017	Dutch	PDF
Full model	31/12/2015	09/06/2016	28/06/2016	Dutch	PDF
Full model	31/12/2014	11/06/2015	18/06/2015	Dutch	PDF
Full model	31/12/2013	12/06/2014	27/06/2014	Dutch	PDF
Full model	31/12/2012	13/06/2013	17/07/2013	Dutch	PDF
Full model	31/12/2011	14/06/2012	12/07/2012	Dutch	PDF
Full model	31/12/2010	09/06/2011	11/07/2011	Dutch	PDF
Full model	31/12/2009	10/06/2010	15/06/2010	Dutch	PDF
Full model	31/12/2008	11/06/2009	29/06/2009	Dutch	PDF
Full model	31/12/2007	12/06/2008	01/07/2008	Dutch	PDF
Abridged model	31/12/2006	14/06/2007	25/06/2007	Dutch	PDF

Indicative valuation

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

5 active · 27 ended

Active mandates

LogiKos

Director · since 12 juin 2025 · until 31 mai 2026 · 1015.754.504

Represented by Constantin de Gruben

Active

Benoit Philippart de Foy

Director · since 01 octobre 2024 · until 30 septembre 2030

Active

Wim Gladiné

Director · since 01 octobre 2024 · until 30 septembre 2030

Active

Constantin de Gruben

Managing director · since 13 décembre 2019 · until 12 juin 2025

Active

Constantin de Gruben

Director · since 13 juin 2013 · until 12 juin 2025

Active

Ended mandates

Constantin de Gruben

Managing director · since 13 décembre 2019 · until 30 septembre 2030

Ended

Constantin de Gruben

Managing director · since 13 décembre 2019

Ended

Constantin de Gruben

Director · since 13 juin 2013 · until 30 septembre 2030

Ended

Constantin de Gruben

Director · since 13 juin 2013

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Restructuring10/09/2026
MET FUSIE GELIJKGESTELDE VERRICHTING (GERUISLOZE FUSIE) —
PDF
Restructuring04/05/2026
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Registered office05/01/2026
MAATSCHAPPELIJKE ZETEL
PDF
Mandates25/09/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/11/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/10/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/01/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/01/2020
ONTSLAGEN - BENOEMINGEN
PDF

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Timeline

2025
Annual accounts 202568,2 k €↓
2024
Annual accounts 2024226,6 k €↑
2023
Annual accounts 202336,7 k €↓
2022
Annual accounts 2022426 k €↑
2021
Annual accounts 202169,2 k €↓
2020
Annual accounts 202096,8 k €↑
2019
Annual accounts 201994,5 k €↑
2018
Annual accounts 201863,8 k €↓
2017
Annual accounts 2017141,9 k €↑
2016
Annual accounts 2016101,6 k €↓
2015
Annual accounts 2015172,7 k €↓
2014
Annual accounts 2014833,5 k €↑
2013
Annual accounts 2013560,2 k €↑
2012
Annual accounts 2012306,3 k €↓
2011
Annual accounts 2011325,3 k €↑
2010
Annual accounts 2010265,7 k €↑
2009
Annual accounts 2009119,7 k €↓
2008
Annual accounts 2008161,9 k €↑
2008
Name changeCOMEXAS SEAFREIGHT
2007
Annual accounts 2007151,4 k €↑
2006
Annual accounts 2006125,3 k €
2006
Name changeCOMEXAS BENELUX
18/09/1991
IncorporationPublic limited company

COMEXAS SEAFREIGHT

Overview

Identity

Financials

Board of directors

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