ACTIVE

COMWELL

Financial year 2025 · closed on 31/12/2025
Net result
-14,2 k €
-314.3% YoY
Gross margin
11,8 k €
-52.1% YoY
Equity
96,8 k €
-12.8% YoY

What does COMWELL do?

COMWELL is a Private limited company incorporated in 2005. Its main activity is: Advertising agencies. Its registered office is in Antwerpen.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0873.621.293
Incorporation
03/05/2005
Legal form
Private limited company
Registered office
Lodewijk Van Berckenlaan 43
2600 Antwerpen · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Joint committees (1)
  • 210
Signals
Solid equityLow riskGood liquidityPositive cashflowPositive EBITDA
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 19 financial years

2025202420232022202120192018201720162015201420132012201120102009200820072006
Income statement
Gross margin11,8 k €24,7 k €38,8 k €23,8 k €36,8 k €39,0 k €30,5 k €34,5 k €34,4 k €21,3 k €23,0 k €27,5 k €14,2 k €8,1 k €8,1 k €2,6 k €-7,9 k €-3,3 k €-6,3 k €
EBITDA4,1 k €20,5 k €33,3 k €21,2 k €34,2 k €26,3 k €27,5 k €32,0 k €31,6 k €18,9 k €20,3 k €23,1 k €2,8 k €6,1 k €7,2 k €1,0 k €-8,9 k €-4,3 k €-11,7 k €
Operating result-10,4 k €6,4 k €20,8 k €13,9 k €26,8 k €18,6 k €16,8 k €21,1 k €21,0 k €8,4 k €9,9 k €2,3 k €2,1 k €2,5 k €3,9 k €-2,3 k €-9,7 k €-5,1 k €-13,3 k €
Net result-14,2 k €6,6 k €14,6 k €10,8 k €18,2 k €9,7 k €9,3 k €5,9 k €11,0 k €4,0 k €7,4 k €-418,3 €2,1 k €2,4 k €3,8 k €-2,1 k €-10,0 k €-5,4 k €-11,7 k €
Balance sheet
Equity96,8 k €111,0 k €104,3 k €89,8 k €79,0 k €44,7 k €35,0 k €25,6 k €19,8 k €8,7 k €4,8 k €-2,7 k €-2,2 k €-10,6 k €-13,0 k €-16,8 k €-14,7 k €-4,7 k €742,7 €
Total assets126,0 k €180,9 k €182,5 k €142,0 k €155,2 k €141,1 k €124,9 k €113,3 k €119,6 k €125,2 k €133,6 k €129,3 k €85,2 k €12,8 k €13,7 k €20,6 k €21,7 k €40,1 k €35,7 k €
Cash59,0 k €2,2 k €2,0 k €11,7 k €996,1 €1,8 k €1,1 k €1,8 k €852,1 €1,7 k €822,0 €1,3 k €71,3 k €66,8 €974,1 €210,2 €393,1 €119,3 €
Debts28,5 k €70,0 k €77,0 k €51,2 k €75,1 k €95,3 k €88,8 k €86,3 k €98,2 k €114,8 k €127,2 k €131,5 k €86,7 k €22,6 k €25,9 k €37,4 k €36,3 k €44,8 k €34,9 k €
Other
Workforce0,1 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 4 ended

Active mandates

Thea Hancké

Director · since 25 mars 2011

Active
Joris Bracquené

Director · since 25 avril 2005

Active

Ended mandates

Joris Bracquené

Director

Ended
Joris Bracquené

Manager

Ended
Thea Hancké

Director

Ended
Thea Hancké

Manager

Ended
Annual accounts

Full financial information

202520242023202220212019
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2019
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2019
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date03/07/202612/09/202530/10/202424/08/202331/08/202216/10/2020
General meeting29/05/202630/05/202531/05/202426/05/202327/05/202207/09/2020
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

19 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202529/05/202603/07/2026DutchPDF
Micro model31/12/202430/05/202512/09/2025DutchPDF
Micro model31/12/202331/05/202430/10/2024DutchPDF
Micro model31/12/202226/05/202324/08/2023DutchPDF
Micro model31/12/202127/05/202231/08/2022DutchPDF
Micro model31/12/201907/09/202016/10/2020DutchPDF
Micro model31/12/201831/05/201915/04/2020DutchPDF
Micro model31/12/201725/05/201824/09/2018DutchPDF
Micro model31/12/201626/05/201728/09/2017DutchPDF
Abridged model31/12/201514/04/201711/05/2017DutchPDF
Abridged model31/12/201428/07/201531/08/2015DutchPDF
Abridged model31/12/201320/03/201510/08/2015DutchPDF
Abridged model31/12/201231/05/201330/08/2013DutchPDF
Abridged model31/12/201110/10/201213/11/2012DutchPDF
Abridged model31/12/201027/05/201124/04/2012DutchPDF
Abridged model31/12/200908/03/201117/05/2011DutchPDF
Abridged model31/12/200829/05/200931/08/2009DutchPDF
Abridged model31/12/200730/05/200828/08/2008DutchPDF
Abridged model31/12/200625/05/200719/06/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 · 4 ended

Active mandates

Thea Hancké

Director · since 25 mars 2011

Active
Joris Bracquené

Director · since 25 avril 2005

Active

Ended mandates

Joris Bracquené

Director

Ended
Joris Bracquené

Manager

Ended
Thea Hancké

Director

Ended
Thea Hancké

Manager

Ended
Shareholders

Ownership and network

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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 2025-14,2 k €
  2. 2024
    Annual accounts 20246,6 k €
  3. 2023
    Annual accounts 202314,6 k €
  4. 2022
    Annual accounts 202210,8 k €
  5. 2021
    Annual accounts 202118,2 k €
  6. 2019
    Annual accounts 20199,7 k €
  7. 2018
    Annual accounts 20189,3 k €
  8. 2017
    Annual accounts 20175,9 k €
  9. 2016
    Annual accounts 201611,0 k €
  10. 2015
    Annual accounts 20154,0 k €
  11. 2014
    Annual accounts 20147,4 k €
  12. 2013
    Annual accounts 2013-418,3 €
  13. 2012
    Annual accounts 20122,1 k €
  14. 2011
    Annual accounts 20112,4 k €
  15. 2010
    Annual accounts 20103,8 k €
  16. 2009
    Annual accounts 2009-2,1 k €
  17. 2008
    Annual accounts 2008-10,0 k €
  18. 2007
    Annual accounts 2007-5,4 k €
  19. 2006
    Annual accounts 2006-11,7 k €
  20. 03/05/2005
    IncorporationPrivate limited company