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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Tight liquidity NBB
Cash and receivables cover 23 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Combi-Invest from Harelbeke, company number BE0874669784, closed financial year 2025 with a result of € 8,601 after tax. For that financial year Combi-Invest recorded a gross margin of € 34,452 and equity of € -305,688. Compared with financial year 2024, the result moved from € -24,977 to € 8,601. Profitable, and profit is growing. 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 February 27, 2026.
€ -305,688
▲ € 8,601 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 8,601
▲ still € 24,977 loss in 2024
Profit after tax over the fiscal year.
€ 576
▼ 75% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -325,688.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 25,206
▼ 3% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 12
▼ 95% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 280
Loans from banks and other lenders, long and short.
€ 55,285
▼ 12% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 9,774
▲ 42% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -79,726 | € -19,746 | € 14,768 | € 34,452 | ▲ 133% |
| Profit after taxes | € -122,841 | € -63,966 | € -24,977 | € 8,601 | ▲ € 33,579 |
| Equity | € -225,346 | € -289,312 | € -314,289 | € -305,688 | ▲ € 8,601 |
| Total debts | € 373,993 | € 385,159 | € 428,347 | € 444,722 | ▲ 4% |
| Cash | € 6,761 | € 2,986 | € 2,341 | € 576 | ▼ 75% |
| Retained profit | € -245,346 | € -309,312 | € -334,289 | € -325,688 | ▲ € 8,601 |
| Bank debt | € 0 | € 0 | € 280 | € 280 | |
| Balance sheet total | € 148,647 | € 95,847 | € 114,058 | € 139,034 | ▲ 22% |
Key figures of Combi-Invest, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to Combi-Invest?
What happened at Combi-Invest in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 8,601. filed late Source: NBB ↗
- New establishment in Harelbeke. KBO
- Start of the company according to the CBE. KBO
In short
From € 122,841 loss in 2022 to € 8,601 profit in 2025.
Paid € 159 in corporate taxes since 2022.
Best year ever: 2025, with € 8,601 profit.
Management
Behind Combi-Invest is Herman Maes.
Directors
According to the 2025 annual accounts
Herman Maes
Director
Establishments
Establishment units
Physical locations of this company
Spoorwegstraat 23
8530 Harelbeke
Spoorwegstraat 23 box A
8530 Harelbeke
Active since 1 July 2005
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0874.669.784
- VAT number
- BE 0874.669.784
- Registered office
- Spoorwegstraat 23, 8530 Harelbeke
- Names & denominations
- Combi-Invest
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 24 June 2005
- Peppol
- Active · Active since 30 Aug 2023
- Activities · NACE
Activiteiten van eetgelegenheden met volledige bediening
Restaurants van het traditionele type
Eetgelegenheden met volledige bediening
Cafés en bars