NORMAL SITUATION

COMAREL

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Financial year 2024 · closed on 31/12/2024

Net result

1,5 M €

+265.0% YoY

Equity

11,8 M €

+15.1% YoY

Company — Normal situation.

What does COMAREL do?

COMAREL is a company registered in Belgium.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0457.948.381

Legal form

Public limited company

Contributed capital

2 270 000,00 €

Latest accounts

31/12/2024

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2024		2024		2023		2022		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	–		–		–		–		–		–		7,4 k €	-75.7%	30,5 k €	-14.9%	35,9 k €	+0.5%	35,7 k €	-36.9%	56,6 k €	+42.9%	39,6 k €	-10.3%	44,1 k €	+16.3%	38 k €	-5.3%	40,1 k €	+18.5%	33,9 k €
EBITDA	1,9 k €	+125%	-7,5 k €	-352%	3 k €	+35.7%	2,2 k €	+221%	684,5 €	-91.5%	8,1 k €	+103%	4 k €	-85.3%	27,1 k €	-16.3%	32,4 k €	-0.9%	32,7 k €	-39.1%	53,7 k €	+51.5%	35,4 k €	-15.2%	41,8 k €	+13.9%	36,7 k €	-8.6%	40,1 k €	+23.3%	32,5 k €
Operating result	1,9 k €	+106%	-30,4 k €	-50.0%	-20,2 k €	+3.7%	-21 k €	+3.3%	-21,7 k €	-52.0%	-14,3 k €	+22.8%	-18,5 k €	-251%	-5,3 k €	-1149%	503,1 €	-76.1%	2,1 k €	-92.0%	26,2 k €	+214%	8,3 k €	+161%	-13,6 k €	-161%	22,5 k €	-35.1%	34,7 k €	+369%	7,4 k €
Net result	1,5 M €	+265%	423,5 k €	-34.6%	647,3 k €	+13.8%	568,9 k €	+609%	80,2 k €	-20.3%	100,6 k €	+1008%	-11,1 k €	-119%	56,9 k €	-7.7%	61,7 k €	-83.8%	380,3 k €	-43.4%	671,9 k €	+19.5%	562,3 k €	-29.3%	794,9 k €	+11.0%	716 k €	-32.9%	1,1 M €	+19.5%	893,7 k €
Balance sheet
Equity	11,8 M €	+15.1%	10,3 M €	+4.3%	9,8 M €	+7.0%	9,2 M €	+35.9%	6,8 M €	+1.2%	6,7 M €	+1.5%	6,6 M €	-0.2%	6,6 M €	+0.9%	6,5 M €	-0.7%	6,6 M €	+6.1%	6,2 M €	+12.2%	5,5 M €	-8.3%	6 M €	+15.2%	5,2 M €	+15.9%	4,5 M €	+31.0%	3,4 M €
Total assets	11,8 M €	+15.1%	10,3 M €	+4.3%	9,8 M €	+7.1%	9,2 M €	+30.5%	7 M €	+1.2%	7 M €	+1.5%	6,9 M €	-0.0%	6,9 M €	+0.5%	6,8 M €	-1.2%	6,9 M €	+5.6%	6,5 M €	-5.8%	7 M €	+7.5%	6,5 M €	+14.0%	5,7 M €	+14.0%	5 M €	+27.6%	3,9 M €
Cash	5,1 M €	+37.9%	3,7 M €	+7.4%	3,5 M €	+26.5%	2,7 M €	+2563%	102,6 k €	+186%	35,8 k €	-42.8%	62,7 k €	+32.3%	47,4 k €	-83.9%	293,9 k €	+394%	59,5 k €	+1010%	5,4 k €	-87.8%	44,1 k €	+40.2%	31,4 k €	+10.2%	28,5 k €	+5232%	535,1 €	-94.1%	9 k €
Debts	4,7 k €	+451%	847 €	-95.0%	17 k €	+16.4%	14,6 k €	-95.0%	292,4 k €	+1.4%	288,3 k €	+1.6%	283,7 k €	+3.0%	275,4 k €	-6.8%	295,6 k €	-11.1%	332,5 k €	-4.8%	349,2 k €	-75.5%	1,4 M €	+222%	442,8 k €	+0.0%	442,6 k €	-4.3%	462,3 k €	+1.9%	453,6 k €

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 28 ended

Active mandates

Christine Butaye

Managing director · since 23 novembre 2019

Active

Isabelle Butaye

Director · since 23 novembre 2019

Active

Ended mandates

Christine Butaye

Director · since 23 novembre 2019 · until 22 novembre 2025

Ended

Isabelle Butaye

Director · since 23 novembre 2019 · until 22 novembre 2025

Ended

Christine Butaye

Director · since 26 juin 2013 · until 22 novembre 2019

Ended

Christine Butaye

Director · since 26 juin 2013 · until 30 novembre 2019

Ended

Annual accounts

Full financial information

	2024	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	31/12/2024	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	6 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/12/2025	20/01/2025	30/01/2024	30/01/2023	21/02/2022	29/01/2021
General meeting	20/10/2025	20/01/2025	29/01/2024	30/01/2023	31/01/2022	28/01/2021
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

29 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2024	20/10/2025	29/12/2025	Dutch	PDF
Full model	30/06/2024	20/01/2025	20/01/2025	Dutch	PDF
Full model	30/06/2023	29/01/2024	30/01/2024	Dutch	PDF
Full model	30/06/2022	30/01/2023	30/01/2023	Dutch	PDF
Full model	30/06/2021	31/01/2022	21/02/2022	Dutch	PDF
Full model	30/06/2020	28/01/2021	29/01/2021	Dutch	PDF
Full model	30/06/2019	16/12/2019	14/01/2020	Dutch	PDF
Full model	30/06/2018	30/12/2018	11/01/2019	Dutch	PDF
Full model	30/06/2017	29/12/2017	26/01/2018	Dutch	PDF
Abridged model	30/06/2016	30/12/2016	30/01/2017	Dutch	PDF
Abridged model	30/06/2015	27/11/2015	18/01/2016	Dutch	PDF
Abridged model	30/06/2014	30/12/2014	09/01/2015	Dutch	PDF
Abridged model	30/06/2013	22/11/2013	31/12/2013	Dutch	PDF
Abridged model	30/06/2012	23/11/2012	30/11/2012	Dutch	PDF
Abridged model	30/06/2011	25/11/2011	23/12/2011	Dutch	PDF
Abridged model	30/06/2010	26/11/2010	30/11/2010	Dutch	PDF
Abridged model	30/06/2009	27/11/2009	10/12/2009	Dutch	PDF
Abridged model	30/06/2008	28/11/2008	12/12/2008	Dutch	PDF
Abridged model	30/06/2007	27/12/2007	25/01/2008	Dutch	PDF
Abridged model	30/06/2006	24/11/2006	04/12/2006	Dutch	PDF
Abridged model	30/06/2005	28/12/2005	13/01/2006	Dutch	PDF
Abridged model	30/06/2004	14/01/2005	28/01/2005	Dutch	PDF
Abridged model	30/06/2003	28/11/2003	09/01/2004	Dutch	PDF
Abridged model	30/06/2002	22/11/2002	16/01/2003	Dutch	PDF

View all 29 filings

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 28 ended

Active mandates

Christine Butaye

Managing director · since 23 novembre 2019

Active

Isabelle Butaye

Director · since 23 novembre 2019

Active

Ended mandates

Christine Butaye

Director · since 23 novembre 2019 · until 22 novembre 2025

Ended

Isabelle Butaye

Director · since 23 novembre 2019 · until 22 novembre 2025

Ended

Christine Butaye

Director · since 26 juin 2013 · until 22 novembre 2019

Ended

Christine Butaye

Director · since 26 juin 2013 · until 30 novembre 2019

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other29/08/2025
splitsing door oprichting
PDF
Restructuring21/05/2025
Splitsingsvoorstel met betrekking tot de splitsing in toepassing van artikel .
PDF
Mandates27/09/2024
BENOEMING
PDF
Mandates05/03/2020
ONTSLAGEN - BENOEMINGEN
PDF
Registered office03/10/2019
MAATSCHAPPELIJKE ZETEL
PDF
Mandates06/09/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/05/2016
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares11/07/2014
Kapitaalverhoging É
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

2024
Annual accounts 20241,5 M €↑
2024
Annual accounts 2024423,5 k €↓
2023
Annual accounts 2023647,3 k €↑
2022
Annual accounts 2022568,9 k €↑
2018
Annual accounts 201880,2 k €↓
2017
Annual accounts 2017100,6 k €↑
2016
Annual accounts 2016-11,1 k €↓
2015
Annual accounts 201556,9 k €↓
2014
Annual accounts 201461,7 k €↓
2013
Annual accounts 2013380,3 k €↓
2012
Annual accounts 2012671,9 k €↑
2011
Annual accounts 2011562,3 k €↓
2010
Annual accounts 2010794,9 k €↑
2009
Annual accounts 2009716 k €↓
2008
Annual accounts 20081,1 M €↑
2007
Annual accounts 2007893,7 k €

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

COMAREL

Overview

What does COMAREL do?

Trend over 16 financial years

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