ACTIVE

COMERCIO

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Financial year 2025 · closed on 30/09/2025

Net result

40,9 k €

-11.6% YoY

Gross margin

371 k €

+0.2% YoY

Equity

1,2 M €

+3.7% YoY

Workforce

0,0 ETP

What does COMERCIO do?

COMERCIO is a Private limited company incorporated in 2007. Its main activity is: Physical well-being activities. Its registered office is in Houthulst.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0892.767.511

Incorporation

12/10/2007

Legal form

Private limited company

Registered office

Terreststraat 141
8650 Houthulst · FlandreSee on map

Contributed capital

20 000,00 €

Latest accounts

30/09/2025

Average workforce

0,0 ETP

Activities (NACE)

96040Physical well-being activities· main 96230Other personal service activities 66220Activities of insurance agents and brokers 66220Activities of insurance agents and brokers 68201Rental and operating of own or leased real estate 68201Rental and operating of own or leased real estate+2

Contacts

1 public detail availableLog in to view

Signals

ProfitablePositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	371 k €	+0.2%	370,3 k €	+55.6%	238,1 k €	-30.0%	340 k €	+21.8%	279,2 k €	+42.0%	196,6 k €	+18.1%	166,5 k €	+18.0%	141,1 k €	+12.1%	125,9 k €	+64.6%	76,5 k €	-26.7%	104,3 k €	+30.9%	79,7 k €	+29.4%	61,6 k €	+8.0%	57,1 k €	+173%	20,9 k €	-84.1%	131,5 k €
EBITDA	314,9 k €	-4.4%	329,2 k €	+40.8%	233,9 k €	-30.2%	334,9 k €	+35.2%	247,7 k €	+36.1%	182 k €	+10.2%	165,2 k €	+21.2%	136,3 k €	+9.3%	124,7 k €	+80.4%	69,1 k €	-31.2%	100,5 k €	+31.2%	76,6 k €	+35.9%	56,3 k €	-0.5%	56,6 k €	+193%	19,4 k €	-79.7%	95,5 k €
Operating result	198,1 k €	+9.8%	180,4 k €	+115%	83,9 k €	-7.2%	90,4 k €	-37.2%	143,9 k €	+88.6%	76,3 k €	+449%	-21,8 k €	-147%	46,4 k €	+23.2%	37,7 k €	+60.4%	23,5 k €	-43.8%	41,8 k €	-34.3%	63,5 k €	+32.5%	48 k €	+14.1%	42 k €	+273%	11,3 k €	-84.5%	72,8 k €
Net result	40,9 k €	-11.6%	46,2 k €	+512%	7,6 k €	-54.6%	16,6 k €	-78.5%	77,3 k €	+135%	32,9 k €	+157%	-57,9 k €	-1008%	6,4 k €	-10.6%	7,1 k €	-30.2%	10,2 k €	-43.6%	18,1 k €	-47.2%	34,3 k €	+118%	15,7 k €	-32.2%	23,2 k €	+426%	4,4 k €	-86.2%	32 k €
Balance sheet
Equity	1,2 M €	+3.7%	1,1 M €	+4.3%	1,1 M €	+0.7%	1,1 M €	+1.2%	1,1 M €	+618%	146,6 k €	+29.0%	113,6 k €	-33.7%	171,5 k €	+3.9%	165,1 k €	+4.5%	158 k €	+6.9%	147,8 k €	+14.0%	129,7 k €	+36.0%	95,4 k €	+19.8%	79,6 k €	+41.1%	56,4 k €	+8.5%	52 k €
Total assets	5,3 M €	-1.5%	5,4 M €	+5.2%	5,1 M €	+18.6%	4,3 M €	+60.0%	2,7 M €	+25.2%	2,1 M €	+3.1%	2,1 M €	+21.6%	1,7 M €	+14.1%	1,5 M €	+54.3%	972,4 k €	+43.9%	675,9 k €	+97.5%	342,2 k €	-51.8%	709,7 k €	+137%	298,8 k €	+20.4%	248,3 k €	+1.1%	245,6 k €
Cash	4,8 k €	-93.4%	72,3 k €	-13.9%	83,9 k €	+1897%	4,2 k €	-92.9%	59,2 k €	+184%	20,9 k €	+511%	3,4 k €	+113%	1,6 k €	-62.8%	4,3 k €	-66.2%	12,8 k €	-66.3%	37,9 k €	-79.0%	180,7 k €	+28.7%	140,4 k €	+1059%	12,1 k €	+483%	2,1 k €	-68.2%	6,5 k €
Debts	4,1 M €	-3.1%	4,2 M €	+4.1%	4 M €	+24.5%	3,2 M €	+98.0%	1,6 M €	-18.2%	2 M €	+1.7%	2 M €	+27.7%	1,5 M €	+15.9%	1,3 M €	+63.9%	808,4 k €	+55.0%	521,6 k €	+149%	209,6 k €	-65.6%	608,8 k €	+182%	216,2 k €	+14.2%	189,3 k €	+0.4%	188,6 k €
Other
Workforce	0,0 ETP		0,0 ETP		0,0 ETP		–		–		–		–		–		–		0,5 ETP	+400%	0,1 ETP	0.0%	0,1 ETP	0.0%	0,1 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 30/09/2025 · 2 active · 5 ended

Active mandates

Sandra Verburgh

Director · since 15 octobre 2007

Active

Frank Van Massenhove

Director · since 10 octobre 2007

Active

Ended mandates

Frank Van Massenhove

Manager · since 01 octobre 2007

Ended

Frank Van Massenhove

Director

Ended

Frank Van Massenhove

Manager

Ended

Sandra Verburgh

Director

Ended

At this address

Other companies at this address

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CHESTNUT FARM● Active	1011.618.641
J & F TRADING● Active	0881.153.740
JVM STABLES● Active	0763.898.952
VMVB● Active	0758.869.305

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	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/03/2026	30/04/2025	25/03/2024	22/03/2023	21/03/2022	24/03/2021
General meeting	06/03/2026	07/03/2025	01/03/2024	03/03/2023	04/03/2022	05/03/2021
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

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	06/03/2026	30/03/2026	Dutch	PDF
Abridged model	30/09/2024	07/03/2025	30/04/2025	Dutch	PDF
Abridged model	30/09/2023	01/03/2024	25/03/2024	Dutch	PDF
Abridged model	30/09/2022	03/03/2023	22/03/2023	Dutch	PDF
Abridged model	30/09/2021	04/03/2022	21/03/2022	Dutch	PDF
Abridged model	30/09/2020	05/03/2021	24/03/2021	Dutch	PDF
Abridged model	30/09/2019	06/03/2020	02/04/2020	Dutch	PDF
Abridged model	30/09/2018	01/03/2019	02/04/2019	Dutch	PDF
Abridged model	30/09/2017	02/03/2018	20/03/2018	Dutch	PDF
Abridged model	30/09/2016	03/03/2017	08/03/2017	Dutch	PDF
Abridged model	30/09/2015	04/03/2016	18/03/2016	Dutch	PDF
Abridged model	30/09/2014	06/03/2015	21/04/2015	Dutch	PDF
Abridged model	30/09/2013	07/03/2014	10/03/2014	Dutch	PDF
Abridged model	30/09/2012	01/03/2013	22/04/2013	Dutch	PDF
Abridged model	30/09/2011	02/03/2012	16/03/2012	Dutch	PDF
Abridged model	30/09/2010	04/03/2011	08/03/2011	Dutch	PDF
Abridged model	30/09/2009	05/03/2010	15/03/2010	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 30/09/2025 · 2 active · 5 ended

Active mandates

Sandra Verburgh

Director · since 15 octobre 2007

Active

Frank Van Massenhove

Director · since 10 octobre 2007

Active

Ended mandates

Frank Van Massenhove

Manager · since 01 octobre 2007

Ended

Frank Van Massenhove

Director

Ended

Frank Van Massenhove

Manager

Ended

Sandra Verburgh

Director

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates07/10/2019
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Other08/10/2013
DOEL
PDF
Registered office05/04/2012
MAATSCHAPPELIJKE ZETEL
PDF
Registered office25/03/2009
MAATSCHAPPELIJKE ZETEL
PDF
Other06/10/2008
BOEKJAAR
PDF
Mandates29/10/2007
ONTSLAGEN - BENOEMINGEN
PDF
Other22/10/2007
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 202540,9 k €↓
2024
Annual accounts 202446,2 k €↑
2023
Annual accounts 20237,6 k €↓
2022
Annual accounts 202216,6 k €↓
2020
Annual accounts 202077,3 k €↑
2019
Annual accounts 201932,9 k €↑
2018
Annual accounts 2018-57,9 k €↓
2017
Annual accounts 20176,4 k €↓
2016
Annual accounts 20167,1 k €↓
2015
Annual accounts 201510,2 k €↓
2014
Annual accounts 201418,1 k €↓
2013
Annual accounts 201334,3 k €↑
2012
Annual accounts 201215,7 k €↓
2011
Annual accounts 201123,2 k €↑
2010
Annual accounts 20104,4 k €↓
2009
Annual accounts 200932 k €
12/10/2007
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

COMERCIO

Overview

What does COMERCIO do?

Trend over 16 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