Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of CAMAL is 0.4% (very low). The 2024 annual accounts show equity of €8.12M and a net result of €1.01M. Equity is growing by ~23.4% per year across the filed fiscal years. Its solvency ranks better than 80% of 121 sector peers (fiscal year 2024). The company has been active since 1972 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 7 annual accounts.
Signals
3 signals · with evidenceSignals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wide| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | nothing on record | not filed | - |
| 31-12-2024 | 31-07-2025 | 09-07-2025 | 22 d early | 2025-00254313 |
| 31-12-2023 | 31-07-2024 | 19-06-2024 | 42 d early | 2024-00155823 |
| 31-12-2022 | 31-07-2023 | 04-07-2023 | 27 d early | 2023-00215850 |
| 31-12-2021 | 31-07-2022 | 23-06-2022 | 38 d early | 2022-20127930 |
| 31-12-2020 | 31-07-2021 | 06-07-2021 | 25 d early | 2021-31400254 |
| 31-12-2019 | 31-07-2020 | 16-07-2020 | 15 d early | 2020-30600296 |
| 31-12-2018 | 31-07-2019 | 02-07-2019 | 29 d early | 2019-27700351 |
| 31-12-2017 | 31-07-2018 | 07-06-2018 | 54 d early | 2018-16700425 |
| 31-12-2016 | 31-07-2017 | 26-06-2017 | 35 d early | 2017-22400327 |
| 31-12-2015 | 31-07-2016 | 27-06-2016 | 34 d early | 2016-25200014 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsAdministrative Flags
Bankruptcy probability (12 mo)
Checked model v1 · free for everyoneStatistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
Annual accounts & ratios
Source: NBB · 2024How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 55.4% | 28.8% | |
| Net result | €1.01M | €25k | |
| Equity | €8.12M | €397k | |
| Staff costs | €2.08M | €518k | |
| Employees (FTE) | 43.0 | 13.4 |
| Fiscal year | 2024 |
|---|---|
| Deposit | volledig |
| Revenue | €42.19M |
| EBITDA | €1.26M |
| Net profit | €1.01M |
| Cash flow | €1.08M |
| Staff costs | €2.08M |
| Income taxes | €417k |
| Dividends | - |
| Total assets | €14.65M |
| Equity | €8.12M |
| Debt | €6.50M |
| of which ≤ 1y | €6.50M |
| of which > 1y | - |
| Working capital | €7.67M |
| Employees (FTE) | 43.0 |
| 2024 | |
|---|---|
| Current ratio | 2.18 |
| Quick ratio | 1.92 |
| Working capital ratio | 52.4% |
| Solvency | 55.4% |
| Debt / equity | 0.80 |
| Long-term debt ratio | - |
| Interest coverage | 179.68 |
| Gross margin | 12.7% |
| Net margin | 2.4% |
| ROA | 6.9% |
| ROE | 12.5% |
| EBITDA margin | 3.0% |
| Days sales outstanding | 60d |
| Days payable outstanding | 56d |
| Inventory turnover | 21.56 |
| Days inventory (DSI) | 17d |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €14.65M |
| Fixed assets | 21/28 | €482k |
| Intangible fixed assets | 21 | €151k |
| Tangible fixed assets | 22/27 | €291k |
| Financial fixed assets | 28 | €40k |
| Current assets | 29/58 | €14.17M |
| Stocks & contracts in progress | 3 | €1.71M |
| Amounts receivable within one year | 40/41 | €12.31M |
| Cash & bank | 54/58 | €111k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €14.65M |
| Equity | 10/15 | €8.12M |
| Contributions / capital | 10/11 | €248k |
| Reserves | 13 | €340k |
| Accumulated profits (losses) | 14 | €7.53M |
| Provisions & deferred taxes | 16 | €40k |
| Amounts payable | 17/49 | €6.50M |
| Amounts payable within one year | 42/48 | €6.50M |
| Trade debts payable within one year | 44 | €5.67M |
| Income statement | ||
| Turnover | 70 | €42.19M |
| Operating result | 9901 | €1.19M |
| Financial income | 75 | €250k |
| Financial charges | 65 | €14k |
| Result before taxes | 9903 | €1.43M |
| Income taxes | 67/77 | €417k |
| Net result for the period | 9904 | €1.01M |
| Result to be appropriated | 9905 | €1.01M |
Health barometer
FY 2024 · computedUnlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.
See plans →Directors
Directors & mandates
28 directors-
Current01-01-2026 → present
-
Current01-01-2026 → present
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Current01-06-2024 → present
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Current01-06-2024 → present
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ORTEGAL BVLegal entityDirector· perm. rep.: Edith HamelryckxState Gazette act 24054238 (02-04-2024)Current05-03-2023 → present
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The White EngineLegal entityDirector· perm. rep.: Nils VAN DAMState Gazette act 21028905 (04-03-2021)Current04-03-2021 → present
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H.A.D. SRLLegal entityDaily management· perm. rep.: Alain HOUBENState Gazette act 21058171 (14-05-2021)Current24-12-2020 → present
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The White Engine SRLLegal entityDaily management· perm. rep.: Pierre STEVENSState Gazette act 21058171 (14-05-2021)Current24-12-2020 → present
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Van Dam Management SRLLegal entityDaily management· perm. rep.: Nils VAN DAMState Gazette act 21058171 (14-05-2021)Current24-12-2020 → present
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MILCOBEL SCLegal entityDirector· perm. rep.: Erik De CockState Gazette act 20115658 (05-10-2020)Current19-05-2020 → present
4 events
- 19-05-2020 Resigned· Director
- 19-05-2020 Appointed· Director
- 24-01-2020 Appointed· Director
- 19-12-2019 Resigned· Director
-
Current01-05-2020 → present
Historic, not recently confirmed (3)
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H.A.D, SPRLLegal entityDirector· perm. rep.: Alain HoubenState Gazette act 14139701 (18-07-2014)Not recently confirmedlast confirmed in an act from 2014
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Milcobel SCRLLegal entityDirector· perm. rep.: Eddy de MûelenaereState Gazette act 14139701 (18-07-2014)Not recently confirmedlast confirmed in an act from 2014
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PH Business & Consulting Services BVBALegal entityDirector· perm. rep.: Patrick HUYSKENSState Gazette act 14139701 (18-07-2014)Not recently confirmedlast confirmed in an act from 2014
Former directors (14)
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ORTEGAL SRLLegal entityDirector· perm. rep.: Edith HamelryckxState Gazette act 26017908 (04-02-2026)Former- → 01-01-2027
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ABOVE SRLLegal entityDirector· perm. rep.: Olivier SchietseState Gazette act 26017908 (04-02-2026)Former- → 01-05-2026
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AGRUCO SRLLegal entityDirector· perm. rep.: Peter GrugeonState Gazette act 26017908 (04-02-2026)Former- → 01-04-2026
-
Former05-03-2023 → 01-04-2026
2 events
- 01-04-2026 Resigned· Director
- 05-03-2023 Appointed· Director
-
The White Engine BVLegal entityDirector· perm. rep.: Pierre StevensState Gazette act 24054238 (02-04-2024)Former05-03-2023 → 08-03-2024
2 events
- 08-03-2024 Resigned· Manager
- 05-03-2023 Appointed· Director
-
AdItVelULegal entityDaily management· perm. rep.: Thijs KeersebilckState Gazette act 22037724 (21-03-2022)Former01-01-2022 → 22-11-2023
2 events
- 22-11-2023 Resigned· Daily management
- 01-01-2022 Appointed· Daily management
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FrieslandCampinaLegal entityDirector· perm. rep.: Nils van DamState Gazette act 21006781 (18-01-2021)Former04-06-2020 → 05-03-2023
3 events
- 05-03-2023 Resigned· Director
- 18-01-2021 Appointed· Director
- 04-06-2020 Mandate renewed· Director
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Former14-06-2019 → 10-11-2021
3 events
- 10-11-2021 Resigned· Daily management
- 18-01-2021 Resigned· Director
- 14-06-2019 Appointed· Director
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Ferkas SRLLegal entityDaily management· perm. rep.: Ann CELENState Gazette act 21058171 (14-05-2021)Former- → 01-02-2021
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Former04-06-2020 → 18-01-2021
2 events
- 18-01-2021 Resigned· Director
- 04-06-2020 Mandate renewed· Director
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VAN DAM MANAGEMENTLegal entityDirector· perm. rep.: Nils VAN DAMState Gazette act 20115657 (05-10-2020)Former19-05-2020 → 18-01-2021
2 events
- 18-01-2021 Resigned· Director
- 19-05-2020 Appointed· Director
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Hof Ten StoppelenLegal entityDirector· perm. rep.: Liebwin van LilState Gazette act 19123497 (16-09-2019)Former14-06-2019 → 01-05-2020
2 events
- 01-05-2020 Resigned· Director
- 14-06-2019 Appointed· Director
-
Former18-07-2014 → 14-06-2019
2 events
- 14-06-2019 Resigned· Director
- 18-07-2014 Mandate renewed· Director
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EST EST EST SPRLLegal entityDirector· perm. rep.: Eddy de MûelenaereState Gazette act 18082395 (28-05-2018)Former- → 01-04-2018
Statutory auditor
3 auditors| Statutory auditor | IRE/IBR number | Tenure |
|---|---|---|
| PricewaterhouseCoopers Réviseurs d'Entreprises SRLCurrent Statutory auditor · represented by Eva Van Wonterghem |
- | 13-09-2024 → present |
| BV PwC Bedrijfsrevisoren Statutory auditor · represented by Peter Opsomer succeeded by PricewaterhouseCoopers Réviseurs d'Entreprises SRL in 2024 |
- | 25-11-2021 → 13-09-2024 |
| SCCRL PwC Réviseurs d'Entreprises Statutory auditor · represented by Griet Helsen succeeded by BV PwC Bedrijfsrevisoren in 2021 |
- | 17-08-2015 → 25-11-2021 |
Insolvency mandates
Legal Structure
| NACE primary | Vervaardiging van zuivelproducten(10510) |
| Legal form | Public limited company(014) |
| Incorporation | 28-12-1972 |
| Status | Active |
| Postal code | 4671 |
Structure & network
Connections & network
21 connected companiesOwnership & control
9 partiesEach band states what its claims rest on. A board seat is influence over the board, not ownership. Court mandates (receiver, interim administrator) and liquidation mandates do not link companies and are therefore absent here; they belong under Directors & mandates.
Locations & real estate
Registered office
from the Crossroads BankThis address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue Légipont 12/000D4671 BlégnyEstablishment units
1 locationReal-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62095A0088/00B000 | Wallonia | 3,344 m² | 1 · 161 m² | 8.6 m · 2 fl. |
Publications
Lifecycle & Insolvency Signals
Belgisch Staatsblad · acts
27 acts04-02-2026 2 directors appointed, 4 resigning
- Christophe Guilmin, Bestuurder
- Joris Verheijen, Bestuurder
- Tom Schiettecat, Bestuurder
- Peter Grugeon, Bestuurder
- Olivier Schietse, Bestuurder
- Edith Hamelryckx, Bestuurder
25-09-2024 Change in the board of directors
13-09-2024 Eva Van Wonterghem appointed as statutory auditor
26-06-2024 2 directors appointed, 1 resigning
- Peter Grugeon, Bestuurder
- Olivier Schietse, Bestuurder
- Pierre Stevens, Bestuurder
02-04-2024 3 directors appointed, 2 resigning
- Edith Hamelryckx, Bestuurder
- Pierre Stevens, Bestuurder
- Tom Schiettecat, Bestuurder
- Nils van Dam, Bestuurder
- Pierre Stevens, Zaakvoerder
17-01-2024 Thijs Keersebilck resigns as daily management
01-08-2023 Peter Opsomer resigns as statutory auditor
21-03-2022 Thijs Keersebilck appointed as daily management
14-12-2021 Ann Celen resigns as daily management
25-11-2021 Peter Opsomer reappointed as statutory auditor
12-10-2021 Registered office moved within Blégny
14-05-2021 3 directors appointed, 1 resigning
- Nils VAN DAM, Dagelijks bestuur
- Pierre STEVENS, Dagelijks bestuur
- Alain HOUBEN, Dagelijks bestuur
- Ann CELEN, Dagelijks bestuur
04-03-2021 3 directors appointed
- Nils VAN DAM, Bestuurder
- Ann CELEN, Bestuurder
- Pierre STEVENS, Bestuurder
10-02-2021 Change in the board of directors
18-01-2021 1 director appointed, 4 resigning
- Nils VAN DAM, Bestuurder
- Alain HOUBEN, Bestuurder
- Ann CELEN, Bestuurder
- Nils VAN DAM, Bestuurder
- Francis RELAES, Bestuurder
05-10-2020 2 directors appointed, 1 resigning, 2 reappointed
- Francis Relaes, Bestuurder
- Nils van Dam, Bestuurder
- Liebwin van Lil, Bestuurder
- Nils van Dam, Bestuurder
- Alain Houben, Bestuurder
05-10-2020 1 director appointed, 1 resigning
21-02-2020 1 director appointed, 1 resigning
16-09-2019 2 directors appointed, 1 resigning
- Liebwin van Lil, Bestuurder
- Ann Celen, Bestuurder
- Geert Neirynck, Bestuurder
10-07-2019 Change in the board of directors
Analysis
Snowflake analysis
financial profile on 5 axesExceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Ask AI about this company
Checked AISoon: ask questions about this dossier, risks, curator, sector comparison, answered from the official data on this page.
AI due-diligence brief
Checked AIGenerate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
Credit advice
verdict per customer and amountSimilar
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Comparable size, same sectorCompany registry
Company registry (CBE)
Crossroads Bank| Legal nameFR | CAMAL |