ACTIVE

COMAVOR

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Financial year 2025 · closed on 30/09/2025

Net result

440,3 k €

-69.4% YoY

Gross margin

887,5 k €

Equity

3,8 M €

-66.7% YoY

Workforce

0,0 ETP

-100.0% YoY

What does COMAVOR do?

COMAVOR is a Public limited company incorporated in 1998. Its registered office is in Wuustwezel.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0463.701.372

Incorporation

01/07/1998

Legal form

Public limited company

Registered office

Wuustwezelseweg 95
2990 Wuustwezel · FlandreSee on map

Contributed capital

503 032,31 €

Latest accounts

30/09/2025

Average workforce

0,0 ETP

Joint committees (3)

200
2000
218

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	887,5 k €		–		–		–		–		1,4 M €	+5.6%	1,3 M €	+1.8%	1,3 M €	-17.2%	1,5 M €	+9.5%	1,4 M €	+7.2%	1,3 M €	+20.3%	1,1 M €	-19.1%	1,4 M €	+30.4%	1 M €	-0.3%	1 M €	+26.6%	822,8 k €	+48.3%	555 k €	+7.9%	514,2 k €
EBITDA	811,5 k €	-10.0%	901,6 k €	-10.7%	1 M €	+47.9%	682,8 k €	+193%	232,8 k €	-74.4%	909,8 k €	+4.0%	874,6 k €	+10.0%	795,4 k €	-29.6%	1,1 M €	+5.3%	1,1 M €	+8.4%	990,5 k €	+25.2%	791,2 k €	-25.0%	1,1 M €	+36.3%	774,2 k €	+3.1%	751 k €	+9.9%	683,4 k €	+24.8%	547,7 k €	+7.4%	510 k €
Operating result	551,4 k €	-11.0%	619,5 k €	-13.2%	713,9 k €	+28.4%	555,8 k €	+2398%	22,2 k €	-96.9%	717 k €	-0.1%	718 k €	+21.5%	590,8 k €	-39.6%	978,4 k €	+4.4%	936,9 k €	+6.9%	876,3 k €	+27.2%	688,8 k €	-26.4%	935,4 k €	+43.0%	654,1 k €	+2.8%	636,3 k €	+12.3%	566,5 k €	+32.5%	427,4 k €	+12.6%	379,6 k €
Net result	440,3 k €	-69.4%	1,4 M €	-43.7%	2,6 M €	+2803%	88,1 k €	-93.1%	1,3 M €	+32.8%	966,7 k €	-21.8%	1,2 M €	+28.0%	965,2 k €	+54.6%	624,5 k €	+3.4%	604,2 k €	+12.6%	536,4 k €	+32.3%	405,5 k €	-64.7%	1,1 M €	-14.3%	1,3 M €	-19.8%	1,7 M €	+438%	310,5 k €	-21.0%	393 k €	+342%	88,9 k €
Balance sheet
Equity	3,8 M €	-66.7%	11,5 M €	+7.9%	10,7 M €	+14.6%	9,3 M €	-5.7%	9,9 M €	+16.8%	8,4 M €	+7.2%	7,9 M €	+10.3%	7,1 M €	+2.3%	7 M €	+9.8%	6,4 M €	+3.3%	6,2 M €	+2.2%	6 M €	+1.7%	5,9 M €	+14.4%	5,2 M €	+22.1%	4,2 M €	+42.8%	3 M €	+1.0%	2,9 M €	-3.6%	3 M €
Total assets	10,1 M €	-41.9%	17,4 M €	-3.9%	18,1 M €	+4.2%	17,3 M €	+15.6%	15 M €	+39.1%	10,8 M €	+12.8%	9,6 M €	+10.1%	8,7 M €	+11.3%	7,8 M €	+3.7%	7,5 M €	-7.5%	8,1 M €	-0.1%	8,1 M €	+0.1%	8,1 M €	+9.7%	7,4 M €	+11.5%	6,7 M €	+0.8%	6,6 M €	+6.5%	6,2 M €	-1.4%	6,3 M €
Cash	1,4 M €	+5703%	23,8 k €	-93.8%	385,6 k €	+247%	111,2 k €	-66.5%	331,4 k €	-61.1%	852,4 k €	+781%	96,8 k €	-41.1%	164,2 k €	-54.5%	360,7 k €	+437%	67,2 k €	-39.1%	110,2 k €	-93.6%	1,7 M €	+170%	635,4 k €	+242%	186 k €	+303%	46,2 k €	+33.3%	34,6 k €	-30.1%	49,5 k €	+189%	17,2 k €
Debts	6,3 M €	+6.9%	5,9 M €	-20.8%	7,4 M €	-7.4%	8 M €	+56.2%	5,1 M €	+120%	2,3 M €	+40.1%	1,7 M €	+9.1%	1,5 M €	+93.3%	785,4 k €	-30.3%	1,1 M €	-41.9%	1,9 M €	-7.5%	2,1 M €	-4.0%	2,2 M €	-0.8%	2,2 M €	-7.4%	2,4 M €	-33.5%	3,6 M €	+11.2%	3,2 M €	+0.6%	3,2 M €
Other
Workforce	0,0 ETP	-100%	6,5 ETP	+3.2%	6,3 ETP	-7.4%	6,8 ETP	-2.9%	7,0 ETP	-2.8%	7,2 ETP	-2.7%	7,4 ETP	0.0%	7,4 ETP	+8.8%	6,8 ETP	+17.2%	5,8 ETP	-1.7%	5,9 ETP	0.0%	5,9 ETP	-1.7%	6,0 ETP	+7.1%	5,6 ETP	0.0%	5,6 ETP	+124%	2,5 ETP		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 21 ended

Active mandates

Kristel Vorsselmans

Director · since 31 mars 2025 · until 31 mars 2031

Active

Mark Vorsselmans

Managing director · since 31 mars 2025 · until 31 mars 2031

Active

Ended mandates

Constant Vorsselmans

Managing director · since 30 mars 2021 · until 09 mars 2027

Ended

Constant Vorsselmans

Managing director · since 30 mars 2021 · until 30 mars 2027

Ended

Kristel Vorsselmans

Director · since 30 mars 2021 · until 09 mars 2027

Ended

Kristel Vorsselmans

Director · since 30 mars 2021 · until 30 mars 2027

Ended

At this address

Other companies at this address

Company	CBE no.
FORMEX VASTGOED● Active	0412.983.933
H+V Gevelwerken● Active	0798.508.651
VORNEX● Active	1021.866.690
VORSSELMANS● Active	0415.527.907
Vorsselmans Groep● Active	0672.626.011
VORSSELMANS MONTAGEBEDRIJF● Active	0456.041.936
VORSSELMANS SOLAR● Active	0806.700.203

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Full model	Full model	Full model	Full model	Abridged model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/04/2020	01/04/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	31/03/2020
Length of the financial year	12 months	12 months	12 months	12 months	18 months	12 months
Filing date	03/04/2026	21/03/2025	12/03/2024	27/03/2023	12/04/2022	29/09/2020
General meeting	10/03/2026	11/03/2025	12/03/2024	14/03/2023	29/03/2022	18/09/2020
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

23 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	10/03/2026	03/04/2026	Dutch	PDF
Full model	30/09/2024	11/03/2025	21/03/2025	Dutch	PDF
m120-f-p	30/09/2024	28/05/2025	28/05/2025	Dutch	PDF
Full model	30/09/2023	12/03/2024	12/03/2024	Dutch	PDF
m120-f-p	30/09/2023	30/04/2024	06/05/2024	Dutch	PDF
Full model	30/09/2022	14/03/2023	27/03/2023	Dutch	PDF
m120-f-p	30/09/2022	09/06/2023	13/06/2023	Dutch	PDF
Full model	30/09/2021	29/03/2022	12/04/2022	Dutch	PDF
m120-f-p	30/09/2021	16/09/2022	17/10/2022	Dutch	PDF
Abridged model	31/03/2020	18/09/2020	29/09/2020	Dutch	PDF
Abridged model	31/03/2019	20/09/2019	11/10/2019	Dutch	PDF
Abridged model	31/03/2018	21/09/2018	03/10/2018	Dutch	PDF
Abridged model	31/03/2017	15/09/2017	26/09/2017	Dutch	PDF
Abridged model	31/03/2016	16/09/2016	21/09/2016	Dutch	PDF
Abridged model	31/03/2015	18/09/2015	29/09/2015	Dutch	PDF
Abridged model	31/03/2014	19/09/2014	23/09/2014	Dutch	PDF
Abridged model	31/03/2013	20/09/2013	08/10/2013	Dutch	PDF
Abridged model	31/03/2012	21/09/2012	02/10/2012	Dutch	PDF
Abridged model	31/03/2011	16/09/2011	14/10/2011	Dutch	PDF
Abridged model	31/03/2010	17/09/2010	01/10/2010	Dutch	PDF
Abridged model	31/03/2009	18/09/2009	14/10/2009	Dutch	PDF
Abridged model	31/03/2008	19/09/2008	29/09/2008	Dutch	PDF
Abridged model	31/03/2007	21/09/2007	25/09/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 30/09/2025 · 2 active · 21 ended

Active mandates

Kristel Vorsselmans

Director · since 31 mars 2025 · until 31 mars 2031

Active

Mark Vorsselmans

Managing director · since 31 mars 2025 · until 31 mars 2031

Active

Ended mandates

Constant Vorsselmans

Managing director · since 30 mars 2021 · until 09 mars 2027

Ended

Constant Vorsselmans

Managing director · since 30 mars 2021 · until 30 mars 2027

Ended

Kristel Vorsselmans

Director · since 30 mars 2021 · until 09 mars 2027

Ended

Kristel Vorsselmans

Director · since 30 mars 2021 · until 30 mars 2027

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates14/04/2025
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Restructuring27/02/2025
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates09/04/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/11/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/04/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates25/10/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/10/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/09/2014
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

2025
Annual accounts 2025440,3 k €↓
2024
Annual accounts 20241,4 M €↓
2023
Annual accounts 20232,6 M €↑
2022
Annual accounts 202288,1 k €↓
2021
Annual accounts 20211,3 M €↑
2019
Annual accounts 2019966,7 k €↓
2018
Annual accounts 20181,2 M €↑
2017
Annual accounts 2017965,2 k €↑
2016
Annual accounts 2016624,5 k €↑
2015
Annual accounts 2015604,2 k €↑
2014
Annual accounts 2014536,4 k €↑
2013
Annual accounts 2013405,5 k €↓
2012
Annual accounts 20121,1 M €↓
2011
Annual accounts 20111,3 M €↓
2010
Annual accounts 20101,7 M €↑
2009
Annual accounts 2009310,5 k €↓
2008
Annual accounts 2008393 k €↑
2007
Annual accounts 200788,9 k €
01/07/1998
IncorporationPublic 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

COMAVOR

Overview

What does COMAVOR do?

Trend over 18 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