AMCAM
ActiveSummary
AMCAM has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €308,530 and a net result of €69,088. Equity is growing by about 39% per year across the filed financial years. Its solvency ranks better than 40% of 2,071 sector peers (NACE 73, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Financials · financial year 2025, abbreviated format
Turnover
≈ €220,000
Estimated: probably between €160,000 and €430,000
Total assets
€965,940▼ 1.3%
2024 · €979,151
Net result
€69,088▲ 52.5%
2024 · €45,313
Working capital
-€515,883▲ 5.0%
2024 · -€542,832
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result recovers in 2025; 2025 is 40% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.1m
2025
Net result€0.07m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€1.0m
2025
Equity€0.3m
2025
Debt€0.7m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€0.5m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)7.2%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency31.9%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.11
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)0
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 73, Advertising, market research and public relations activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€0.06m-€0.004m▼ 94.1%-€0.004m€0.1m€0.1m▲ 21.0%€0.08m▼ 37.3%€0.1m▲ 39.9%
Net result€0.03m-€0.003mwithin the sector's middle half▼ 92.3%-€0.007mbelow the sector's middle half€0.07mwithin the sector's middle half€0.08mwithin the sector's middle half▲ 19.8%€0.05mwithin the sector's middle half▼ 42.1%€0.07mwithin the sector's middle half▲ 52.5%
Equity€0.05m-€0.06mwithin the sector's middle half▲ 4.9%€0.05mbelow the sector's middle half▼ 12.4%€0.1mwithin the sector's middle half▲ 129%€0.2mwithin the sector's middle half▲ 67.6%€0.2mwithin the sector's middle half▲ 23.3%€0.3mwithin the sector's middle half▲ 28.9%
Total assets€0.2m-€0.2mwithin the sector's middle half▼ 1.4%€1.0mwithin the sector's middle half▲ 456%€1.0mwithin the sector's middle half▼ 4.2%€1.0mwithin the sector's middle half▲ 0.9%€1.0mwithin the sector's middle half▲ 0.7%€1.0mwithin the sector's middle half▼ 1.3%
Debt€0.1m-€0.1m▼ 4.1%€1.0m▲ 675%€0.8m▼ 11.2%€0.8m▼ 8.2%€0.7m▼ 5.0%€0.7m▼ 11.1%
Working capital€0.06m-€0.07mwithin the sector's middle half▲ 16.4%-€0.6mbelow the sector's middle half-€0.6mbelow the sector's middle half▲ 3.6%-€0.5mbelow the sector's middle half▲ 2.4%-€0.5mbelow the sector's middle half▲ 0.2%-€0.5mbelow the sector's middle half▲ 5.0%
Solvency30.0%-31.9%within the sector's middle half▲ 1.9pp5.0%below the sector's middle half▼ 26.9pp12.0%below the sector's middle half▲ 7.0pp20.0%within the sector's middle half▲ 7.9pp24.5%within the sector's middle half▲ 4.5pp31.9%within the sector's middle half▲ 7.5pp
Current ratio1.57-1.67within the sector's middle half▲ 0.110.15below the sector's middle half▼ 1.520.10below the sector's middle half▼ 0.050.11below the sector's middle half▲ 0.020.12below the sector's middle half▲ 0.010.11below the sector's middle half▼ 0.01
Return on assets (ROA)19.0%-1.5%within the sector's middle half▼ 17.5pp-0.7%below the sector's middle half▼ 2.2pp6.8%within the sector's middle half▲ 7.5pp8.0%within the sector's middle half▲ 1.3pp4.6%within the sector's middle half▼ 3.4pp7.2%within the sector's middle half▲ 2.5pp
Staff (FTE)0below the sector's middle half0below the sector's middle half
above
within
below
the middle half of NACE 73, Advertising, market research and public relations activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €965,940
Fixed assets
€902,984 ▼ 0.1%
Current assets
€62,956 ▼ 16.6%
Equity and liabilities €965,940
Equity
€308,530 ▲ 28.9%
Debt
€657,410 ▼ 11.1%
Debt's share of the balance-sheet total falls from 75.5% to 68.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€117,491▲
2024 · €84,228
Cash flow
€70,367▲
2024 · €46,473
Debt to equity
2.13▼
2024 · 3.09
ROE
22.4%▲
2024 · 18.9%
Interest coverage
16.19▲
2024 · 11.19
Debt ≤ 1 year
€578,838▼
2024 · €618,281
Debt > 1 year
€78,571▼
2024 · €121,429
Income taxes
€39,946▲
2024 · €30,230
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0 | - | €7,500 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,837 | €12,303 | €12,142 | €1,476 | €1,281 | €1,160 | €1,278 | ▲ 10.2% |
| Other operating charges640/8 | - | - | - | €3,046 | €4,157 | €3,939 | €917 | ▼ 76.7% |
| Gross operating margin9900 | €105,703 | €21,682 | €11,472 | €114,048 | €137,987 | €88,167 | €118,408 | ▲ 34.3% |
| Operating profit (loss)9901 | €64,334 | €3,783 | -€4,262 | €109,526 | €132,549 | €83,068 | €116,212 | ▲ 39.9% |
| Financial income75/76B | - | - | - | €2,006 | €166 | €2 | €79 | ▲ 40× |
| Recurring financial income75 | €73 | €6,617 | €3,344 | €2,006 | €166 | €2 | €79 | ▲ 40× |
| Financial charges65/66B | - | - | - | €6,381 | €5,993 | €7,527 | €7,257 | ▼ 3.6% |
| Recurring financial charges65 | €8,546 | €811 | €3,403 | €6,381 | €5,993 | €7,527 | €7,257 | ▼ 3.6% |
| Profit (loss) for the period before taxes9903 | €55,861 | €9,589 | -€4,322 | €105,151 | €126,721 | €75,543 | €109,034 | ▲ 44.3% |
| Income taxes67/77 | €20,992 | €6,915 | €2,805 | €39,825 | €48,449 | €30,230 | €39,946 | ▲ 32.1% |
| Profit (loss) for the period9904 | €34,869 | €2,674 | -€7,127 | €65,327 | €78,272 | €45,313 | €69,088 | ▲ 52.5% |
| Profit (loss) for the period to be appropriated9905 | €34,869 | €2,674 | -€7,127 | €65,327 | €78,272 | €45,313 | €69,088 | ▲ 52.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €0.2m | €0.2m | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | ▼ 1.3% |
| Fixed assets21/28 | €0.03m | €0.02m | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | ▼ 0.1% |
| Tangible fixed assets22/27 | €0.03m | €0.02m | €0.004m | €0.005m | €0.004m | €0.004m | €0.003m | ▼ 19.4% |
| Furniture and vehicles24 | - | - | - | €0.003m | €0.002m | €0.002m | €0.002m | ▼ 19.0% |
| Other tangible fixed assets26 | - | - | - | €0.002m | €0.002m | €0.002m | €0.001m | ▼ 20.0% |
| Financial fixed assets28 | - | - | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | = |
| Current assets29/58 | €0.2m | €0.2m | €0.1m | €0.06m | €0.07m | €0.08m | €0.06m | ▼ 16.6% |
| Amounts receivable within one year40/41 | €0.1m | €0.2m | €0.09m | €0.05m | €0.04m | €0.06m | €0.05m | ▼ 7.7% |
| Trade receivables40 | - | - | - | €0.03m | €0.03m | €0.06m | €0.04m | ▼ 32.8% |
| Other amounts receivable41 | - | - | - | €0.02m | €0.01m | €0.001m | €0.01m | ▲ 23× |
| Cash at bank and in hand54/58 | €0.03m | €0.004m | €0.007m | €0.005m | €0.03m | €0.02m | €0.009m | ▼ 47.1% |
| Deferred charges and accrued income490/1 | - | - | - | €0.004m | €0.003m | €0.001m | €0.001m | ▼ 22.3% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €0.2m | €0.2m | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | ▼ 1.3% |
| Equity10/15 | €0.05m | €0.06m | €0.05m | €0.1m | €0.2m | €0.2m | €0.3m | ▲ 28.9% |
| Contributions10/11 | €0.006m | - | - | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Reserves13 | €0.05m | €0.05m | €0.05m | €0.1m | €0.2m | €0.2m | €0.3m | ▲ 29.6% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Distributable reserves133 | - | - | - | €0.1m | €0.2m | €0.2m | €0.3m | ▲ 29.9% |
| Profit (loss) carried forward14 | - | €74 | -€0.004m | €0 | - | - | - | - |
| Amounts payable17/49 | €0.1m | €0.1m | €1.0m | €0.8m | €0.8m | €0.7m | €0.7m | ▼ 11.1% |
| Amounts payable after more than one year17 | €0.003m | - | €0.2m | €0.2m | €0.2m | €0.1m | €0.08m | ▼ 35.3% |
| Financial debts170/4 | - | - | - | €0.2m | €0.2m | €0.1m | €0.08m | ▼ 35.3% |
| Amounts payable within one year42/48 | €0.1m | €0.1m | €0.7m | €0.6m | €0.6m | €0.6m | €0.6m | ▼ 6.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Trade debts44 | €0.04m | €0.04m | €0.04m | €0.02m | €0.06m | €0.08m | €0.1m | ▲ 48.9% |
| Suppliers440/4 | - | - | - | €0.02m | €0.06m | €0.08m | €0.1m | ▲ 48.9% |
| Advances received on contracts in progress46 | - | - | - | €492 | €0 | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0.03m | €0.04m | €0.04m | €0.05m | ▲ 27.8% |
| Taxes450/3 | - | - | - | €0.03m | €0.04m | €0.04m | €0.05m | ▲ 27.8% |
| Other amounts payable47/48 | - | - | - | €0.5m | €0.5m | €0.5m | €0.4m | ▼ 19.9% |
| Accrued charges and deferred income492/3 | - | - | - | €0.02m | €0.002m | €0 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €34,869 | €2,674 | -€7,127 | €65,327 | €78,272 | €45,313 | €69,088 | ▲ 52.5% |
| + Depreciation and write-downs630 | €12,837 | €12,303 | €12,142 | €1,476 | €1,281 | €1,160 | €1,278 | ▲ 10.2% |
| Operating cash flow (approximation) | €47,707 | €14,977 | €5,015 | €66,803 | €79,553 | €46,473 | €70,367 | ▲ 51.4% |
| Investment in fixed assets (approximation) | - | -€2,450 | -€900,000 | -€2,515 | -€446 | -€678 | -€560 | ▲ 17.3% |
| Change in cash | - | -€25,705 | €2,669 | -€2,173 | €21,588 | -€9,767 | -€7,828 | ▲ 19.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-03-2025 | abbreviated format | 31-10-2025 | 2025-00556542 |
| 31-03-2024 | abbreviated format | 29-10-2024 | 2024-00517848 |
| 31-03-2023 | abbreviated format | 31-10-2023 | 2023-00498868 |
| 31-03-2022 | abbreviated format | 28-10-2022 | 2022-20475700 |
| 31-03-2021 | abbreviated format | 29-10-2021 | 2021-75200177 |
| 31-03-2020 | micro format | 27-11-2020 | 2020-72800236 |
| 31-03-2019 | micro format | 25-10-2019 | 2019-71300570 |
| 31-03-2018 | micro format | 27-09-2018 | 2018-66000300 |
| 31-03-2017 | micro format | 26-10-2017 | 2017-67900479 |
| 31-03-2016 | abbreviated format | 29-09-2016 | 2016-63300082 |
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Of the 2,643 active companies whose main activity is market research and public opinion polling (NACE 73200), figures are known for 1,803. 1,315 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2023 · 1 entry · €2,355 awarded · €2,355 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.