ACTIVE

COMSA

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Financial year 2025 · closed on 31/12/2025

Net result

39,9 k €

+289.6% YoY

Gross margin

269 k €

+11.5% YoY

Equity

161,2 k €

+24.2% YoY

What does COMSA do?

COMSA is a Private limited company incorporated in 1993. Its registered office is in Veurne.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0450.480.074

Incorporation

01/07/1993

Legal form

Private limited company

Registered office

Slableedstraat 16 box G
8630 Veurne · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

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	269 k €	+11.5%	241,3 k €	-7.6%	261,2 k €	-7.0%	280,9 k €	+4.8%	268,1 k €	-1.7%	272,7 k €	-7.8%	295,9 k €	+12.4%	263,2 k €	-11.4%	297 k €	+4.1%	285,4 k €	-0.8%	287,8 k €	+34.4%	214,2 k €	-17.6%	259,8 k €	+13.3%	229,3 k €	+20.6%	190,1 k €	+11.7%	170,3 k €	-8.8%	186,8 k €	-8.0%	202,9 k €	+43.8%	141,1 k €	-2.9%	145,3 k €
EBITDA	82,9 k €	+34.8%	61,5 k €	-17.0%	74,1 k €	-30.7%	106,9 k €	+27.7%	83,7 k €	+12.1%	74,7 k €	-1.9%	76,1 k €	+92.5%	39,5 k €	-41.3%	67,4 k €	+15.5%	58,3 k €	-42.3%	101,1 k €	+182%	35,9 k €	-52.2%	75,1 k €	-10.8%	84,2 k €	+45.4%	57,9 k €	-7.5%	62,6 k €	+10.6%	56,6 k €	-19.0%	69,9 k €	+7.7%	64,9 k €	-11.3%	73,2 k €
Operating result	66,4 k €	+116%	30,7 k €	-14.8%	36 k €	-45.8%	66,4 k €	+85.1%	35,9 k €	+42.1%	25,2 k €	-0.9%	25,5 k €	+312%	-12 k €	-269%	7,1 k €	+88.4%	3,8 k €	-92.1%	47,5 k €	+183%	16,8 k €	-71.3%	58,4 k €	-11.9%	66,3 k €	+83.6%	36,1 k €	-20.7%	45,5 k €	+79.7%	25,3 k €	-40.2%	42,4 k €	+28.2%	33 k €	-32.5%	49 k €
Net result	39,9 k €	+290%	10,2 k €	-31.4%	14,9 k €	-61.9%	39,2 k €	+149%	15,7 k €	+63.7%	9,6 k €	-35.6%	14,9 k €	+174%	-20,1 k €	-584%	-2,9 k €	+33.0%	-4,4 k €	-118%	24,8 k €	+428%	4,7 k €	-85.8%	33,1 k €	-12.9%	38 k €	+38.7%	27,4 k €	+139%	-71,2 k €	-482%	18,6 k €	-37.7%	29,9 k €	+27.8%	23,4 k €	-30.4%	33,7 k €
Balance sheet
Equity	161,2 k €	+24.2%	129,8 k €	+8.6%	119,6 k €	+14.3%	104,7 k €	-5.2%	110,5 k €	-31.9%	162,2 k €	+6.3%	152,6 k €	+10.8%	137,7 k €	-12.7%	157,7 k €	-1.8%	160,7 k €	-2.7%	165,1 k €	+12.9%	146,2 k €	+3.3%	141,5 k €	+1.2%	139,9 k €	+11.2%	125,9 k €	-15.2%	148,4 k €	-34.3%	225,8 k €	+9.0%	207,2 k €	+16.9%	177,3 k €	+15.2%	153,9 k €
Total assets	355 k €	+2.8%	345,4 k €	-15.7%	409,9 k €	-10.7%	459,3 k €	-8.9%	503,9 k €	-0.3%	505,3 k €	-4.5%	529,1 k €	-2.5%	542,7 k €	-7.0%	583,5 k €	-4.4%	610,4 k €	-11.7%	690,9 k €	+4.8%	659,2 k €	+78.1%	370,1 k €	-4.4%	387,1 k €	-3.7%	402 k €	+4.6%	384,4 k €	+3.8%	370,2 k €	-1.3%	375,1 k €	+7.7%	348,3 k €	+0.6%	346,3 k €
Cash	69,2 k €	+19.6%	57,9 k €	-26.0%	78,2 k €	-4.4%	81,8 k €	-1.4%	82,9 k €	+16.2%	71,4 k €	+14.4%	62,4 k €	+173%	22,9 k €	-17.9%	27,9 k €	-17.0%	33,6 k €	-39.1%	55,1 k €	+115%	25,7 k €	-84.5%	165,9 k €	-1.6%	168,7 k €	-8.1%	183,5 k €	+29.2%	142 k €	+6.5%	133,4 k €	-15.0%	156,8 k €	+239%	46,3 k €	-20.6%	58,3 k €
Debts	193,7 k €	-10.1%	215,6 k €	-25.7%	290,3 k €	-18.1%	354,6 k €	-9.9%	393,4 k €	+14.7%	343,1 k €	-8.9%	376,5 k €	-7.0%	405 k €	-4.8%	425,3 k €	-5.4%	449,7 k €	-14.5%	525,9 k €	+2.5%	513 k €	+124%	228,6 k €	-7.5%	247,2 k €	-10.5%	276 k €	+17.1%	235,8 k €	+63.5%	144,2 k €	-14.0%	167,8 k €	-1.9%	171 k €	-10.9%	192 k €
Other
Workforce	–		–		–		–		4,3 ETP	-6.5%	4,6 ETP	+9.5%	4,2 ETP	-6.7%	4,5 ETP	0.0%	4,5 ETP	+2.3%	4,4 ETP	+15.8%	3,8 ETP	+2.7%	3,7 ETP	0.0%	3,7 ETP	+23.3%	3,0 ETP	+11.1%	2,7 ETP	+12.5%	2,4 ETP	-11.1%	2,7 ETP	-15.6%	3,2 ETP	+45.5%	2,2 ETP	+15.8%	1,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 15 ended

Active mandates

Waldo Cosman

Director · since 01 janvier 2017

Active

Ended mandates

Waldo Cosman

Manager · since 01 janvier 2017

Ended

Stefaan Sampers

Director · since 20 décembre 2013

Ended

Stefaan Sampers

Manager · since 01 juillet 2009

Ended

Ann Deconynck

Manager · since 01 avril 2008

Ended

At this address

Other companies at this address

Company	CBE no.
ARPOETSIE● Active	0820.469.253
BATHROOM HEAVEN BY MORLITERM● Active	1003.859.928
D.S.P.● Bankrupt	0817.812.938
MDRS● Active	0501.750.118

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro 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	11/05/2026	15/04/2025	22/05/2024	31/05/2023	24/05/2022	14/07/2021
General meeting	30/04/2026	01/04/2025	18/05/2024	20/05/2023	21/05/2022	19/06/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	30/04/2026	11/05/2026	Dutch	PDF
Micro model	31/12/2024	01/04/2025	15/04/2025	Dutch	PDF
Micro model	31/12/2023	18/05/2024	22/05/2024	Dutch	PDF
Micro model	31/12/2022	20/05/2023	31/05/2023	Dutch	PDF
Abridged model	31/12/2021	21/05/2022	24/05/2022	Dutch	PDF
Abridged model	31/12/2020	19/06/2021	14/07/2021	Dutch	PDF
Abridged model	31/12/2019	16/05/2020	29/05/2020	Dutch	PDF
Abridged model	31/12/2018	18/05/2019	24/05/2019	Dutch	PDF
Abridged model	31/12/2017	19/05/2018	08/06/2018	Dutch	PDF
Abridged model	31/12/2016	20/05/2017	29/05/2017	Dutch	PDF
Abridged model	31/12/2015	21/05/2016	10/06/2016	Dutch	PDF
Abridged model	31/12/2014	16/05/2015	22/05/2015	Dutch	PDF
Abridged model	31/12/2013	17/05/2014	23/05/2014	Dutch	PDF
Abridged model	31/12/2012	18/05/2013	06/06/2013	Dutch	PDF
Abridged model	31/12/2011	19/05/2012	21/05/2012	Dutch	PDF
Abridged model	31/12/2010	21/05/2011	10/06/2011	Dutch	PDF
Abridged model	31/12/2009	15/05/2010	28/05/2010	Dutch	PDF
Abridged model	31/12/2008	16/05/2009	20/05/2009	Dutch	PDF
Abridged model	31/12/2007	07/06/2008	03/07/2008	Dutch	PDF
Abridged model	31/12/2006	09/06/2007	04/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 · 1 active · 15 ended

Active mandates

Waldo Cosman

Director · since 01 janvier 2017

Active

Ended mandates

Waldo Cosman

Manager · since 01 janvier 2017

Ended

Stefaan Sampers

Director · since 20 décembre 2013

Ended

Stefaan Sampers

Manager · since 01 juillet 2009

Ended

Ann Deconynck

Manager · since 01 avril 2008

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates24/04/2025
ONTSLAGEN - BENOEMINGEN - DIVERSEN
PDF
Mandates28/10/2021
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/10/2021
ONTSLAGEN - BENOEMINGEN
PDF
Other29/12/2017
DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates05/04/2017
ONTSLAGEN - BENOEMINGEN
PDF
Registered office13/02/2015
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares13/01/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares16/11/2010
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 202539,9 k €↑
2024
Annual accounts 202410,2 k €↓
2023
Annual accounts 202314,9 k €↓
2022
Annual accounts 202239,2 k €↑
2021
Annual accounts 202115,7 k €↑
2020
Annual accounts 20209,6 k €↓
2019
Annual accounts 201914,9 k €↑
2018
Annual accounts 2018-20,1 k €↓
2017
Annual accounts 2017-2,9 k €↑
2016
Annual accounts 2016-4,4 k €↓
2015
Annual accounts 201524,8 k €↑
2014
Annual accounts 20144,7 k €↓
2013
Annual accounts 201333,1 k €↓
2012
Annual accounts 201238 k €↑
2011
Annual accounts 201127,4 k €↑
2010
Annual accounts 2010-71,2 k €↓
2009
Annual accounts 200918,6 k €↓
2008
Annual accounts 200829,9 k €↑
2007
Annual accounts 200723,4 k €↓
2006
Annual accounts 200633,7 k €
01/07/1993
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

COMSA

Overview

What does COMSA 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