ACTIVE

Combiform

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Financial year 2024 · closed on 31/12/2024

Net result

-4,5 k €

-101.6% YoY

Revenue

11,2 M €

+20.3% YoY

Equity

885,7 k €

-11.5% YoY

Workforce

34,8 ETP

+18.4% YoY

What does Combiform do?

Combiform is a Public limited company incorporated in 2004. Its registered office is in Schoten. It employs on average 34,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0866.680.548

Incorporation

06/08/2004

Legal form

Public limited company

Registered office

Paalstraat 149
2900 Schoten · FlandreSee on map

Contributed capital

555 201,69 €

Latest accounts

31/12/2024

Average workforce

34,8 ETP

Joint committees (2)

Signals

Positive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 13 financial years

	2024		2022		2021		2019		2015		2014		2013		2012		2011		2010		2008		2007		2006
Income statement
Revenue	11,2 M €	+20.3%	9,3 M €	-1.9%	9,5 M €	+25.7%	7,5 M €	+127%	3,3 M €	+73.9%	1,9 M €	+4.0%	1,8 M €	+1.1%	1,8 M €	+2.4%	1,8 M €	+9.5%	1,6 M €	+0.4%	1,6 M €		0 €	-100%	1,3 M €
EBITDA	435,7 k €	-21.2%	552,5 k €	-46.5%	1 M €	+94.9%	530,1 k €	+86.5%	284,3 k €	+248%	81,7 k €	-15.9%	97,1 k €	+92.1%	50,6 k €	-8.5%	55,3 k €	+292%	14,1 k €	+107%	-207,7 k €	-44.4%	-143,8 k €	-149%	-57,9 k €
Operating result	147,1 k €	-61.5%	382,3 k €	-19.8%	476,9 k €	+380%	99,3 k €	+95.8%	50,7 k €	-1.5%	51,5 k €	-18.1%	62,8 k €	+167%	23,5 k €	-5.6%	24,9 k €	+227%	-19,6 k €	+93.3%	-292,9 k €	-34.0%	-218,7 k €	-60.2%	-136,5 k €
Net result	-4,5 k €	-102%	279,8 k €	-12.6%	320,1 k €	+3848%	8,1 k €	+310%	2 k €	-84.6%	12,8 k €	-31.8%	18,8 k €	+271%	-11 k €	-15.1%	-9,6 k €	-101%	1,1 M €	+329%	-474,2 k €	-578%	99,2 k €	+150%	-196,8 k €
Balance sheet
Equity	885,7 k €	-11.5%	1 M €	+38.8%	720,7 k €	+1195%	55,7 k €	+646%	7,5 k €	+36.1%	5,5 k €	+175%	-7,3 k €	+71.9%	-26,2 k €	-72.6%	-15,2 k €	-171%	-5,6 k €	+99.4%	-872,4 k €	-119%	-398,3 k €	+19.9%	-497,5 k €
Total assets	5,9 M €	-16.0%	7,1 M €	+2.9%	6,9 M €	-2.2%	7 M €	+36.6%	5,1 M €	+54.7%	3,3 M €	+357%	727,9 k €	-8.8%	798,5 k €	-8.0%	868,3 k €	+8.3%	801,4 k €	-25.5%	1,1 M €	-13.6%	1,2 M €	+35.7%	917,8 k €
Cash	279 k €	+1.1%	276 k €	-2.6%	283,5 k €	+67.1%	169,6 k €	+65.3%	102,6 k €	+54.2%	66,5 k €	+37.2%	48,5 k €	+147%	19,6 k €	-54.9%	43,5 k €	+24.5%	35 k €	-58.9%	85 k €	+140%	35,4 k €	-5.5%	37,4 k €
Debts	5 M €	-17.0%	6 M €	-1.5%	6,1 M €	-12.1%	6,9 M €	+35.2%	5,1 M €	+54.5%	3,3 M €	+352%	733,7 k €	-10.7%	821,8 k €	-6.5%	879,1 k €	+9.0%	806,7 k €	-58.6%	1,9 M €	+18.5%	1,6 M €	+16.1%	1,4 M €
Other
Workforce	34,8 ETP	+18.4%	29,4 ETP	-10.9%	33,0 ETP	-2.4%	33,8 ETP	+107%	16,3 ETP	+120%	7,4 ETP	+10.4%	6,7 ETP	-15.2%	7,9 ETP	-8.1%	8,6 ETP	+22.9%	7,0 ETP	-18.6%	8,6 ETP	+22.9%	7,0 ETP	-7.9%	7,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 19 ended

Active mandates

H.V.H.

Managing director · since 29 juin 2023 · until 29 juin 2029 · 0534.602.632

Represented by Henri Pieter Verbeek

Active

Houtwerf International BV

Director · since 29 juin 2023 · until 29 juin 2029

Represented by Pieter Frans Verbeek

Active

Ended mandates

Houtwerf International BV

Director · since 15 juin 2022 · until 03 juin 2028

Represented by Pieter Frans Verbeek

Ended

H.V.H.

Managing director · since 17 juin 2020 · until 17 juin 2026 · 0534.602.632

Represented by Henri Pieter Verbeek

Ended

Houtwerf International

Director · since 15 juin 2016 · until 15 juin 2022

Represented by Pieter Frans Verbeek

Ended

Houtwerf International BV

Director · since 15 juin 2016 · until 15 juin 2022

Represented by Pieter Frans Verbeek

Ended

At this address

Other companies at this address

Company	CBE no.
Attimmo● Active	0826.932.720
BOUWCENTRALE BOUWONDERNEMING● Active	0477.856.048
BOUWCENTRALE RENOVATIES● Active	1015.528.137
IMMO S.T.P.● Active	0458.030.436
n2services● Active	0882.177.881
Vereniging van Mede-eigenaars van de Residentie Fluitbergstraat te 2900 Schoten● Active	0834.488.822

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	27/06/2025	16/07/2024	30/06/2023	12/07/2022	02/07/2021	16/07/2020
General meeting	18/06/2025	19/06/2024	21/06/2023	15/06/2022	16/06/2021	17/06/2020
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2024	18/06/2025	27/06/2025	Dutch	PDF
Full model	31/12/2023	19/06/2024	16/07/2024	Dutch	PDF
Full model	31/12/2022	21/06/2023	30/06/2023	Dutch	PDF
Full model	31/12/2021	15/06/2022	12/07/2022	Dutch	PDF
Full model	31/12/2020	16/06/2021	02/07/2021	Dutch	PDF
Full model	31/12/2019	17/06/2020	16/07/2020	Dutch	PDF
Full model	31/12/2018	27/06/2019	23/07/2019	Dutch	PDF
Full model	31/12/2017	20/06/2018	09/07/2018	Dutch	PDF
Full model	31/12/2016	21/06/2017	05/07/2017	Dutch	PDF
Full model	31/12/2015	15/06/2016	18/07/2016	Dutch	PDF
Full model	31/12/2014	17/06/2015	16/07/2015	Dutch	PDF
Full model	31/12/2013	06/06/2014	25/07/2014	Dutch	PDF
Full model	31/12/2012	28/06/2013	25/07/2013	Dutch	PDF
Full model	31/12/2011	02/06/2012	19/07/2012	Dutch	PDF
Full model	31/12/2010	27/06/2011	15/07/2011	Dutch	PDF
Full model	31/12/2009	27/08/2010	31/08/2010	Dutch	PDF
Full modelCorrection	31/12/2008	25/11/2009	30/11/2009	Dutch	PDF
Full model	31/12/2008	22/10/2009	30/10/2009	Dutch	PDF
Abridged model	31/12/2007	02/09/2008	08/09/2008	Dutch	PDF
Abridged model	31/12/2006	02/06/2007	04/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 31/12/2024 · 2 active · 19 ended

Active mandates

H.V.H.

Managing director · since 29 juin 2023 · until 29 juin 2029 · 0534.602.632

Represented by Henri Pieter Verbeek

Active

Houtwerf International BV

Director · since 29 juin 2023 · until 29 juin 2029

Represented by Pieter Frans Verbeek

Active

Ended mandates

Houtwerf International BV

Director · since 15 juin 2022 · until 03 juin 2028

Represented by Pieter Frans Verbeek

Ended

H.V.H.

Managing director · since 17 juin 2020 · until 17 juin 2026 · 0534.602.632

Represented by Henri Pieter Verbeek

Ended

Houtwerf International

Director · since 15 juin 2016 · until 15 juin 2022

Represented by Pieter Frans Verbeek

Ended

Houtwerf International BV

Director · since 15 juin 2016 · until 15 juin 2022

Represented by Pieter Frans Verbeek

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Restructuring12/03/2024
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring29/11/2023
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates25/08/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/07/2023
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/10/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/11/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/11/2020
ONTSLAGEN - BENOEMINGEN
PDF
Registered office04/06/2019
MAATSCHAPPELIJKE ZETEL
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 2024-4,5 k €↓
2022
Annual accounts 2022279,8 k €↓
2021
Annual accounts 2021320,1 k €↑
2019
Annual accounts 20198,1 k €↑
2015
Annual accounts 20152 k €↓
2014
Annual accounts 201412,8 k €↓
2013
Annual accounts 201318,8 k €↑
2012
Annual accounts 2012-11 k €↓
2011
Annual accounts 2011-9,6 k €↓
2010
Annual accounts 20101,1 M €↑
2008
Annual accounts 2008-474,2 k €↓
2007
Annual accounts 200799,2 k €↑
2006
Annual accounts 2006-196,8 k €
06/08/2004
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

Combiform

Overview

What does Combiform do?

Trend over 13 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