Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 6 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
COMBULEC from Antwerpen, company number BE0444719165, closed financial year 2025 with a result of € -2,897 after tax. For that financial year COMBULEC recorded a gross margin of € -2,586 and equity of € -124,233. Compared with financial year 2024, the result moved from € -4,940 to € -2,897. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ -124,233
▼ € 2,897 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2,897
▲ 41 % less loss than in 2024
Profit after tax over the fiscal year.
€ 273
▲ 129% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -186,206.
Debts at end 2025
€ 12,666
▲ 4% vs 2024
€ 500 is repaid this year. At this pace the long-term loan is gone in ≈ 25 years.
€ 545
▼ 31% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -560 | € -908 | € -4,383 | € -2,586 | ▲ € 1,797 |
| Profit after taxes | € -1,391 | € -2,340 | € -4,940 | € -2,897 | ▲ € 2,043 |
| Equity | € -114,055 | € -116,395 | € -121,336 | € -124,233 | ▼ € 2,897 |
| Total debts | € 120,573 | € 123,390 | € 128,029 | € 131,093 | ▲ 2% |
| Cash | € 98 | € 406 | € 119 | € 273 | ▲ 129% |
| Retained profit | € -176,028 | € -178,368 | € -183,309 | € -186,206 | ▼ € 2,897 |
| Bank debt | € 12,166 | € 12,166 | € 12,166 | € 12,666 | ▲ 4% |
| Balance sheet total | € 6,518 | € 6,995 | € 6,693 | € 6,860 | ▲ 2% |
Key figures of COMBULEC, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to COMBULEC?
What happened at COMBULEC in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 2,897. filed late Source: NBB ↗
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
In short
From € 1,391 loss in 2022 to € 2,897 loss in 2025.
Paid € 103 in corporate taxes since 2022.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Establishments
Establishment units
Physical locations of this company
Salvialei 43
2170 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0444.719.165
- VAT number
- BE 0444.719.165
- Registered office
- Salvialei 43, 2170 Antwerpen
- Names & denominations
- COMBULEC
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 23 July 1991
- Peppol
- Active · Active since 25 Mar 2026
- Activities · NACE
Terugwinning van materialen uit afval
Recycling van niet-metaalafval
Terugwinning van inerte afvalstoffen
Groothandel in ijzer- en staalschroot en in oude non-ferrometalen
Groothandel in afval en schroot