ACTIVE

COMULEX

Financial year 2025 · closed on 31/12/2025
Net result
46,5 k €
-29.7% YoY
Revenue
4 k €
0.0% YoY
Equity
2,8 M €
+1.7% YoY

What does COMULEX do?

COMULEX is a Public limited company incorporated in 1993. Its main activity is: Activities of holding companies. Its registered office is in Bruxelles.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0451.583.993
Incorporation
06/12/1993
Legal form
Public limited company
Registered office
Boulevard Bischoffsheim 33
1000 Bruxelles · BruxellesSee on map
Contributed capital
2 187 679,66 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflow
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 20 financial years

20252024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Revenue4 k €4 k €8,5 k €8,5 k €8,5 k €8,4 k €8,3 k €8,2 k €8,3 k €4,9 k €
EBITDA-454,3 €-36,7 €-1,6 k €54,2 k €4,4 M €-41,3 k €402,1 k €5 k €-194,9 k €-58,3 k €-50,6 k €-50,4 k €-49,8 k €-48,6 k €-46,9 k €-45,5 k €-21,4 k €316,4 €-4,1 k €-4 k €
Operating result-454,3 €-36,7 €-1,6 k €54,2 k €5,2 M €-41,3 k €402,1 k €5 k €-1,3 M €-58,3 k €-50,6 k €-50,4 k €-49,8 k €-48,6 k €-46,9 k €-45,5 k €-21,4 k €316,4 €-4,1 k €-4 k €
Net result46,5 k €66,1 k €-19,5 k €-84,3 k €4,7 M €-201,3 k €232 k €-165,4 k €-1,5 M €-204,9 k €-252,6 k €-372,7 k €-219,6 k €-195,4 k €-173,2 k €-164,6 k €17,8 k €-19,7 k €29,4 k €180,7 k €
Balance sheet
Equity2,8 M €2,8 M €2,7 M €2,7 M €2,8 M €-1,9 M €-1,7 M €-1,9 M €-1,8 M €-299,8 k €-94,9 k €157,7 k €530,4 k €750 k €945,4 k €1,1 M €1,3 M €1,3 M €1,3 M €1,3 M €
Total assets2,8 M €2,8 M €2,7 M €3 M €8 M €2,8 M €3 M €2,6 M €2,6 M €3,8 M €3,8 M €3,8 M €4 M €4 M €3,5 M €3,6 M €3,7 M €3,6 M €1,3 M €1,3 M €
Cash2,6 k €51,7 k €20,8 k €86,9 k €6,2 M €8,8 k €6,6 k €403,8 €618,8 €4,8 k €1,7 k €1,1 k €5 k €223,9 €1,1 k €1,7 k €23,8 k €1 k €11,2 k €1,9 k €
Debts151,3 €702,6 €151,3 €310,8 k €5,2 M €4,8 M €4,7 M €4,5 M €4,4 M €4,1 M €3,9 M €3,7 M €3,4 M €3,2 M €2,6 M €2,5 M €2,4 M €2,3 M €2,9 k €2,5 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 39 ended

Active mandates

LARES REAL ESTATE

Director · since 06 mai 2025 · until 06 mai 2031 · 0833.047.381

Represented by Laurent Calonne

Active
Marleen Verwimp

Director · since 06 mai 2025 · until 06 mai 2031

Active

Ended mandates

AEDEFFICIO

Director · since 20 février 2020 · until 04 mai 2021 · 0738.760.017

Represented by Damien Darche

Ended
Marleen Verwimp

Director · since 22 juillet 2019 · until 06 mai 2025

Ended
LARES REAL ESTATE

Director · since 25 avril 2019 · until 06 mai 2025 · 0833.047.381

Represented by Laurent Calonne

Ended
LARES REAL ESTATE

Director · since 25 avril 2019 · until 06 mai 2025 · 0833.047.381

Represented by Laurent Calonne

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date16/06/202622/05/202524/05/202431/05/202330/05/202228/05/2021
General meeting05/05/202606/05/202507/05/202402/05/202303/05/202204/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202505/05/202616/06/2026DutchPDF
Abridged model31/12/202406/05/202522/05/2025DutchPDF
Abridged model31/12/202307/05/202424/05/2024DutchPDF
Abridged model31/12/202202/05/202331/05/2023DutchPDF
Abridged model31/12/202103/05/202230/05/2022DutchPDF
Abridged model31/12/202004/05/202128/05/2021DutchPDF
Abridged model31/12/201905/05/202010/06/2020DutchPDF
Abridged model31/12/201812/06/201907/08/2019DutchPDF
Abridged model31/12/201702/05/201812/07/2018DutchPDF
Abridged model31/12/201613/06/201724/07/2017DutchPDF
Full model31/12/201503/05/201629/06/2016DutchPDF
Full model31/12/201405/05/201507/07/2015DutchPDF
Full model31/12/201306/05/201404/06/2014DutchPDF
Full model31/12/201207/05/201324/05/2013DutchPDF
Full model31/12/201102/05/201230/05/2012DutchPDF
Full model31/12/201003/05/201110/05/2011DutchPDF
Full model31/12/200904/05/201011/05/2010DutchPDF
Full model31/12/200805/05/200926/05/2009DutchPDF
Full model31/12/200706/05/200813/06/2008DutchPDF
Full model31/12/200602/05/200701/06/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 · 39 ended

Active mandates

LARES REAL ESTATE

Director · since 06 mai 2025 · until 06 mai 2031 · 0833.047.381

Represented by Laurent Calonne

Active
Marleen Verwimp

Director · since 06 mai 2025 · until 06 mai 2031

Active

Ended mandates

AEDEFFICIO

Director · since 20 février 2020 · until 04 mai 2021 · 0738.760.017

Represented by Damien Darche

Ended
Marleen Verwimp

Director · since 22 juillet 2019 · until 06 mai 2025

Ended
LARES REAL ESTATE

Director · since 25 avril 2019 · until 06 mai 2025 · 0833.047.381

Represented by Laurent Calonne

Ended
LARES REAL ESTATE

Director · since 25 avril 2019 · until 06 mai 2025 · 0833.047.381

Represented by Laurent Calonne

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates19/05/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates06/06/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other03/01/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates20/05/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates06/01/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates14/12/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates13/05/2020
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates13/08/2019
    ONTSLAGEN - BENOEMINGEN
    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

Timeline

  1. 2025
    Annual accounts 202546,5 k €
  2. 2024
    Annual accounts 202466,1 k €
  3. 2023
    Annual accounts 2023-19,5 k €
  4. 2022
    Annual accounts 2022-84,3 k €
  5. 2021
    Annual accounts 20214,7 M €
  6. 2020
    Annual accounts 2020-201,3 k €
  7. 2019
    Annual accounts 2019232 k €
  8. 2018
    Annual accounts 2018-165,4 k €
  9. 2017
    Annual accounts 2017-1,5 M €
  10. 2016
    Annual accounts 2016-204,9 k €
  11. 2015
    Annual accounts 2015-252,6 k €
  12. 2014
    Annual accounts 2014-372,7 k €
  13. 2013
    Annual accounts 2013-219,6 k €
  14. 2012
    Annual accounts 2012-195,4 k €
  15. 2011
    Annual accounts 2011-173,2 k €
  16. 2010
    Annual accounts 2010-164,6 k €
  17. 2009
    Annual accounts 200917,8 k €
  18. 2008
    Annual accounts 2008-19,7 k €
  19. 2007
    Annual accounts 200729,4 k €
  20. 2006
    Annual accounts 2006180,7 k €
  21. 06/12/1993
    IncorporationPublic limited company