Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 25 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Combiform from Schoten, company number BE0866680548, closed financial year 2025 with a result of € -3,334 after tax. For that financial year Combiform recorded revenue of € 11 million and equity of € 882,411. Compared with financial year 2024, the result moved from € -4,536 to € -3,334. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 28, 2026.
€ 882,411
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -3,334
▲ 27 % less loss than in 2024
Profit after tax over the fiscal year.
€ 729,815
▲ 162% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 327,209.
People and assets in 2025
29.2
▼ 5.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.6 million
▼ 5% vs 2024
€ 54,700 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 80,930
▼ 15% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 534,861
▼ 31% vs 2024
€ 86,544 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 754,200
▲ 33% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 31 days on average.
€ 372,425
▼ 9% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 9,465,154 | € 9,280,751 | € 11,166,604 | € 11,047,024 | ▼ 1% |
| Profit after taxes | € 320,123 | € 279,827 | € -4,536 | € -3,334 | ▲ € 1,202 |
| Equity | € 720,708 | € 1,000,535 | € 885,745 | € 882,411 | |
| Total debts | € 6,146,560 | € 6,062,518 | € 5,047,260 | € 5,224,291 | ▲ 4% |
| Cash | € 283,492 | € 275,986 | € 279,009 | € 729,815 | ▲ 162% |
| Land & buildings | € 2,847,571 | € 2,701,862 | € 615,498 | € 562,495 | ▼ 9% |
| Retained profit | € 633,938 | € 913,765 | € 330,543 | € 327,209 | ▼ 1% |
| Bank debt | € 2,438,959 | € 1,896,256 | € 777,840 | € 534,861 | ▼ 31% |
| Balance sheet total | € 6,867,267 | € 7,063,053 | € 5,933,006 | € 6,106,702 | ▲ 3% |
| Employees (FTE) | 33 | 29.4 | 34.8 | 29.2 | ▼ 5.6 |
Key figures of Combiform, fiscal years 2021 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 Combiform?
What happened at Combiform in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- H.V.H. BV stepped down as director. NBB
- Houtwerf International BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 3,334. Source: NBB ↗
- H.V.H. BV became a director. NBB
- Houtwerf International BV became a director. NBB
- New establishment in Bilzen-Hoeselt. KBO
- New establishment in Dilbeek. KBO
- New establishment in Zoersel. KBO
In short
From € 320,123 profit in 2021 to € 3,334 loss in 2025.
Paid € 214,093 in corporate taxes since 2021.
Best year ever: 2021, with € 320,123 profit.
Pays suppliers within 31 days on average.
A new publication or filing at Combiform? We notify you, reason included.
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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
Management
Directors
According to the 2025 annual accounts
Managing director · represented by Henri Pieter Verbeek
Also active at: IMMO - DUMBO, GABOMA, BRICOSHOP, BRICOMARKT, A.D.C. MONTAGEWERKEN, HOBOMAT, EDERS, DOERAMA +5 more
since 2023 · until 2029
Houtwerf International BV
Director · represented by Pieter Frans Verbeek
Also active at: IMMO - DUMBO, GABOMA, BRICOSHOP, EDERS, Distri-Depot, GAWEMA
since 2023 · until 2029
Establishments
Establishment units
Physical locations of this company
Paalstraat 149
2900 Schoten
Rodendijk 44
2980 Zoersel
Active since 1 March 2015
Ninoofsesteenweg 657
1700 Dilbeek
Active since 18 December 2017
Eikaart 11
3740 Bilzen-Hoeselt
Active since 2 May 2023
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →IMMO S.T.P.
€ 307,022 gross margin · 2025
BOUWCENTRALE BOUWONDERNEMING
€ 140,555 gross margin · 2025
Attimmo
€ 119,921 gross margin · 2025
Vereniging van Mede-eigenaars van de Residentie Fluitbergstraat te 2900 Schoten
n2services
€ 12,005 gross margin · 2025
+1 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0866.680.548
- VAT number
- BE 0866.680.548
- Registered office
- Paalstraat 149, 2900 Schoten
- Names & denominations
- Combiform
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 6 August 2004
- Peppol
- Active · Active since 11 Dec 2025
- Activities · NACE
Detailhandel in ijzerwaren, bouwmaterialen, verf en glas (algemeen assortiment)
Detailhandel in ijzerwaren, verf, bouwmaterialen en glas (inclusief doe-het-zelfzaken) met een verkoopsoppervlakte vanaf 400 m2.
Groothandel in bouwmaterialen, algemeen assortiment
Groothandel in hout