Liquidity
3.86 was 2.31 in 2024
Short-term debts fell from €28,473 to €13,735.
ACTIVCAM
Lifetime
19 annual accounts with figures on one time axispeak €52,191 (2014)
€10,280▼ 59.0%
lowest -€27,352 (2023)
€1,578▼ 88.8%
peak €78,722 (2019)
€66,611▲ 2.4%
€13,735▼ 51.8%
Board1 name since 2007
1 directorMAHIEU Philippe,Léon,André
Documentsfilings and deeds
16-07-202615 days before the deadline
2025micro format
Gross margin from €25,096 to €10,280Result from €14,134 to €1,578Debts from €28,486 to €13,735Cash from €33,031 to €22,024
Key points
from the 2025 annual accountsFilings
19 annual accounts since 2007
Six of the last ten came late. The 2019 accounts came latest: 61 days after the end of the period.
Position in the sector
82.9%
Higher solvency than 87% of companies in specialised construction. Sector median 46.7% · 35,136 companies.
Checked score
94
Excellent
Financially stronger than 59% of micro companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.2%
01-2025: 1.2%● unchanged vs 12-2024
02-2025: 1.2%● unchanged vs 01-2025
03-2025: 1.2%● unchanged vs 02-2025
04-2025: 1.2%● unchanged vs 03-2025
05-2025: 1.3%▲ +0.1 percentage points vs 04-2025
06-2025: 1.3%● unchanged vs 05-2025
07-2025: 1.3%● unchanged vs 06-2025
08-2025: 1.9%▲ +0.6 percentage points vs 07-2025highest value
09-2025: 0.4%▼ -1.5 percentage points vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.2%▼ -0.2 percentage points vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.1%▼ -0.1 percentage points vs 07-2026lowest value
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Size: total assets €80,346
lowers risk
Liquidity: current ratio 3.86, cash €22,024
Founded in 2007
Equity €66,611 (82.9% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 90% of them on solvency, 78% on liquidity, 26% on profitability and 41% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 10,904 companies had the same profile as ACTIVCAM has now. Each dot stands for 28 companies, two years later.
95.1%
were still trading
4.0%
stopped another way
0.7%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ACTIVCAM itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 10,904 companies, not a prediction for ACTIVCAM. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €6,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.86 (2.31 in 2024), above the usual 1.5. Short-term debt is 17.1% and cash 27.4% of total assets. 17.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €66,611
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 days early
2024
27 days late
2023
26 days late
2022
31 days late
2021
30 days late
2020
29 days early
2019
61 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 19 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0888314914
Registered office moved from Wavre to Grez-Doiceau
New registered office: Champ de Maubroux 27, 1390 Grez-Doiceau · Previous registered office: rue Géry Everaerts 35, 1300 Wavre (Limal) · Change of role: MAHIEU Philippe, Léon, André, from manager to director · General meeting of 30-12-2023 · Gazette deed
First establishment
Champ de Maubroux 27, Grez-Doiceau
Incorporation
published on 06-04-2007 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ACTIVCAM Grez-Doiceau | €80,346 | €10,280 | 82.9% | - |
| DEHAUT ELECTRICITE Comines-Warneton | €75,925 | €11,221 | 72.8% | - |
| FN PROS ELEC Ciney | €85,522 | €11,490 | 30.1% | - |
| ELEKTRICITEITSWERKEN PATRICK VAN HECKE Evergem | €90,535 | €9,131 | 53.8% | - |
| ODS Schaerbeek | €94,132 | €10,197 | 83.6% | - |
| ELECTRICITEITSWERKEN GEYBELS PETRO Bocholt | €69,540 | €9,087 | 1.9% | - |
| ELEKTRO ADAMS Aalter | €83,643 | €10,496 | 75.4% | - |
These companies have the same main activity as ACTIVCAM: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €69,500 and €94,100, founded between 2003 and 2008.
Official details
Source: KBO- Status
- Active since 16-03-2007Normal situation
- Activity
- General electrical installation workNACE 43211
- Establishment unit
- 2.161.920.6571390 Grez-Doiceau, since 30-04-2007
- Financial year end
- 31 December
- Peppol
- Reachable since 05-12-2025
Annual accounts 2025
- ≈ €84,000estimated
- €80,346▼ 14.1%
- Filing
- Filed on 16-07-2026, 15 days before the end of the filing period
Insights on ACTIVCAM
ACTIVCAM files the micro format. That format states no turnover. The gross margin rose from €1,950 in 2007 to €10,280 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ACTIVCAM
- What is the company number of ACTIVCAM?
- The company number of ACTIVCAM is 0888.314.914. The VAT number is the same number with BE in front: BE 0888.314.914.
- Where is ACTIVCAM based?
- The registered office is at Champ de Maubroux 27, 1390 Grez-Doiceau.Company details
- What does ACTIVCAM do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of ACTIVCAM?
- ACTIVCAM is a private limited company (BV).
- When was ACTIVCAM founded?
- ACTIVCAM was founded on 16-03-2007.
- Is ACTIVCAM still active?
- Yes, ACTIVCAM is an active enterprise in the KBO register.
- What is the turnover of ACTIVCAM?
- The turnover in financial year 2025 is ≈ €84,000. This figure is estimated from the gross margin of €10,280 and 97 comparable companies (NACE 43211). It probably lies between €56,000 and €180,000. It is a rough estimate.Financials
- Is ACTIVCAM profitable?
- In financial year 2025, ACTIVCAM made a profit of €1,578.
- Where can I find the annual accounts of ACTIVCAM?
- ACTIVCAM filed 19 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ACTIVCAM due?
- ACTIVCAM must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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