ACTIVE

COMARFO

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Financial year 2025 · closed on 31/12/2025

Net result

-58,2 k €

+90.1% YoY

Gross margin

57,1 k €

-37.8% YoY

Equity

418,4 k €

-12.2% YoY

Workforce

0,0 ETP

What does COMARFO do?

COMARFO is a Private limited company incorporated in 1995. Its registered office is in Antwerpen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0455.316.119

Incorporation

06/06/1995

Legal form

Private limited company

Registered office

Kipdorp 39 box 25
2000 Antwerpen · FlandreSee on map

Contributed capital

24 000,00 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Signals

Good liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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	57,1 k €	-37.8%	91,8 k €	-33.1%	137,3 k €	-21.3%	174,3 k €	-24.5%	230,9 k €	+5.9%	218,1 k €	+28.5%	169,8 k €	-36.8%	268,5 k €	-29.5%	380,8 k €	-3.2%	393,3 k €	+73.4%	226,8 k €	-28.4%	316,6 k €	-13.6%	366,6 k €	+62.9%	225 k €	-11.4%	254 k €	+0.5%	252,8 k €	+38.1%	183,1 k €	-35.5%	284 k €	+48.3%	191,5 k €	-17.4%	232 k €
EBITDA	45,7 k €	-21.9%	58,6 k €	-42.3%	101,5 k €	-38.3%	164,5 k €	-25.7%	221,5 k €	+20.5%	183,7 k €	+25.5%	146,4 k €	-29.8%	208,6 k €	-28.6%	292,1 k €	-16.9%	351,4 k €	+61.0%	218,2 k €	-6.2%	232,6 k €	-15.9%	276,7 k €	+55.2%	178,3 k €	-28.0%	247,7 k €	+24.5%	198,9 k €	+45.9%	136,3 k €	-49.0%	267,2 k €	+58.3%	168,8 k €	-12.1%	192,1 k €
Operating result	-44,6 k €	-20.0%	-37,1 k €	-374%	13,6 k €	-82.3%	76,8 k €	-41.4%	130,9 k €	+352%	29 k €	-40.5%	48,7 k €	-50.4%	98,1 k €	+32.0%	74,3 k €	-59.7%	184,2 k €	+63.7%	112,5 k €	-8.5%	122,9 k €	-24.9%	163,7 k €	+155%	64,1 k €	-55.3%	143,4 k €	+108%	69 k €	+157%	26,8 k €	-82.9%	156,9 k €	+543%	24,4 k €	-75.7%	100,3 k €
Net result	-58,2 k €	+90.1%	-588,2 k €	-510%	143,4 k €	+269%	38,9 k €	+117%	-225,9 k €	-1735%	-12,3 k €	-282%	6,7 k €	-85.3%	46 k €	+36.5%	33,7 k €	-65.5%	97,7 k €	+0.4%	97,3 k €	-15.6%	115,2 k €	-5.9%	122,4 k €	+600%	17,5 k €	-73.6%	66,2 k €	+956%	6,3 k €	+136%	-17,4 k €	-130%	57,4 k €	+286%	-30,9 k €	-175%	41,2 k €
Balance sheet
Equity	418,4 k €	-12.2%	476,6 k €	-23.5%	622,6 k €	+29.9%	479,2 k €	+8.8%	440,3 k €	+28.8%	341,7 k €	-3.5%	354,1 k €	+1.9%	347,3 k €	+15.3%	301,3 k €	+12.6%	267,6 k €	+40.9%	189,9 k €	+0.1%	189,7 k €	+4.0%	182,4 k €	+14.0%	160 k €	+12.3%	142,5 k €	+86.6%	76,4 k €	+8.9%	70,1 k €	-19.9%	87,5 k €	-79.2%	420,1 k €	-6.9%	451 k €
Total assets	1,9 M €	-13.3%	2,2 M €	-30.5%	3,1 M €	+20.9%	2,6 M €	-2.0%	2,6 M €	-12.2%	3 M €	-2.8%	3,1 M €	+11.8%	2,8 M €	-0.8%	2,8 M €	+48.3%	1,9 M €	-41.4%	3,2 M €	+12.0%	2,9 M €	+52.3%	1,9 M €	+51.2%	1,2 M €	-0.3%	1,2 M €	-4.3%	1,3 M €	+34.8%	963,4 k €	-7.4%	1 M €	-22.8%	1,3 M €	+6.4%	1,3 M €
Cash	2,7 k €	-95.1%	55,1 k €	-81.1%	291 k €	+4741%	6 k €	-95.2%	125,3 k €	+136%	53,1 k €	+160%	20,4 k €	+146%	8,3 k €	+56.5%	5,3 k €	-88.5%	46 k €	-89.7%	445,8 k €	+2361%	18,1 k €	-60.4%	45,7 k €	+381%	9,5 k €	-88.2%	80,3 k €	+2325%	3,3 k €	-59.9%	8,3 k €	+19.4%	6,9 k €	+7.1%	6,5 k €	-21.2%	8,2 k €
Debts	1,2 M €	-15.2%	1,5 M €	-39.1%	2,4 M €	+20.1%	2 M €	-4.1%	2,1 M €	-21.5%	2,7 M €	-2.5%	2,7 M €	+13.4%	2,4 M €	-2.7%	2,5 M €	+69.8%	1,5 M €	-51.4%	3 M €	+13.3%	2,6 M €	+59.9%	1,7 M €	+59.3%	1 M €	-3.5%	1,1 M €	-10.6%	1,2 M €	+38.1%	869,7 k €	-6.1%	926,5 k €	+0.5%	921,8 k €	+16.0%	794,5 k €
Other
Workforce	0,0 ETP		0,0 ETP		0,0 ETP		0,0 ETP		–		–		0,4 ETP	-60.0%	1,0 ETP	0.0%	1,0 ETP		–		–		0,3 ETP	-70.0%	1,0 ETP	0.0%	1,0 ETP		–		–		–		0,6 ETP	-40.0%	1,0 ETP	0.0%	1,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 6 ended

Active mandates

Laure-Anne Folbroeck

Director · since 01 juillet 2026

Active

Marc Folbroeck

Director · since 25 août 2021

Active

Ended mandates

Marc Folbroeck

Manager · since 10 janvier 2002

Ended

Marc Folbroeck

Director

Ended

Marc Folbroeck

Manager

Ended

PRO INVEST GROUP

Director · 0471.968.049

Represented by Marc FOLBROECK

Ended

At this address

Other companies at this address

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MARC THONÉ● Active	0837.144.147
Simon De Buyser● Active	0798.607.235
The House of Clue● Active	0740.592.624
Vereniging van Mede-eigenaars Antwerpen Kipdorp 39 - Keizerstraat 46● Active	0864.753.416

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	31/08/2026	04/08/2025	27/08/2024	16/08/2023	30/08/2022	04/08/2021
General meeting	31/07/2026	31/07/2025	07/06/2024	02/06/2023	30/06/2022	30/06/2021
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
Abridged model	31/12/2025	31/07/2026	31/08/2026	Dutch	PDF
Abridged model	31/12/2024	31/07/2025	04/08/2025	Dutch	PDF
Abridged model	31/12/2023	07/06/2024	27/08/2024	Dutch	PDF
Abridged model	31/12/2022	02/06/2023	16/08/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	30/08/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	04/08/2021	Dutch	PDF
Abridged model	31/12/2019	08/09/2020	30/10/2020	Dutch	PDF
Abridged model	31/12/2018	30/06/2019	26/08/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	31/07/2018	Dutch	PDF
Abridged model	31/12/2016	05/09/2017	28/09/2017	Dutch	PDF
Abridged model	31/12/2015	10/09/2016	29/09/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	31/08/2015	Dutch	PDF
Abridged model	31/12/2013	06/06/2014	04/08/2014	Dutch	PDF
Abridged model	31/12/2012	03/06/2013	06/08/2013	Dutch	PDF
Abridged model	31/12/2011	01/06/2012	11/09/2012	Dutch	PDF
Abridged model	31/12/2010	03/06/2011	05/09/2011	Dutch	PDF
Abridged model	31/12/2009	04/06/2010	11/08/2010	Dutch	PDF
Abridged model	31/12/2008	06/06/2009	10/08/2009	Dutch	PDF
Abridged model	31/12/2007	25/07/2008	20/08/2008	Dutch	PDF
Abridged model	31/12/2006	29/06/2007	26/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 · 2 active · 6 ended

Active mandates

Laure-Anne Folbroeck

Director · since 01 juillet 2026

Active

Marc Folbroeck

Director · since 25 août 2021

Active

Ended mandates

Marc Folbroeck

Manager · since 10 janvier 2002

Ended

Marc Folbroeck

Director

Ended

Marc Folbroeck

Manager

Ended

PRO INVEST GROUP

Director · 0471.968.049

Represented by Marc FOLBROECK

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/07/2026
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring18/11/2024
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring18/09/2024
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
PDF
Registered office11/07/2023
MAATSCHAPPELIJKE ZETEL
PDF
Restructuring17/09/2021
MAATSCHAPPELIJKE ZETEL - DOEL - ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring01/07/2021
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates12/01/2018
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares08/01/2009
KAPITAAL - AANDELEN
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 2025-58,2 k €↑
2024
Annual accounts 2024-588,2 k €↓
2023
Annual accounts 2023143,4 k €↑
2022
Annual accounts 202238,9 k €↑
2021
Annual accounts 2021-225,9 k €↓
2020
Annual accounts 2020-12,3 k €↓
2019
Annual accounts 20196,7 k €↓
2018
Annual accounts 201846 k €↑
2017
Annual accounts 201733,7 k €↓
2016
Annual accounts 201697,7 k €↑
2015
Annual accounts 201597,3 k €↓
2014
Annual accounts 2014115,2 k €↓
2013
Annual accounts 2013122,4 k €↑
2012
Annual accounts 201217,5 k €↓
2011
Annual accounts 201166,2 k €↑
2010
Annual accounts 20106,3 k €↑
2009
Annual accounts 2009-17,4 k €↓
2008
Annual accounts 200857,4 k €↑
2007
Annual accounts 2007-30,9 k €↓
2006
Annual accounts 200641,2 k €
06/06/1995
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

COMARFO

Overview

What does COMARFO 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