CAMARG
Dissolution or liquidationSummary
The KBO register records for CAMARG the legal situation: dissolution or liquidation; this is today's state according to the register itself, which carries no start date. The 2025 annual accounts show negative equity (-€3.8m) and a net result of -€1,084.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€3.8m
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
20 d late
2024
28 d late
2023
29 d late
2022
31 d late
2021
213 d late
2020
9 d late
2019
83 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 59 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Financials · fiscal year 2025, abbreviated schema
Equity
-€3.8m=
2024 · -€3.8m
Total assets
€79,744=
2024 · €79,747
Net result
-€1,084
2024 · €387,166
Working capital
-€3.8m=
2024 · -€3.8m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€1,205▼ 53.3%-€1,378▼ 14.3%€1.9m-€59-€1,082▼ 1,726%
Net result-€44,648▼ 4,658%-€1,378▲ 96.9%€1.8m€387,166▼ 78.7%-€1,084
Equity-€6.0m▼ 0.8%-€6.0m=-€4.2m▲ 30.3%-€3.8m▲ 9.3%-€3.8m=
Total assets€83,941▼ 34.8%€83,940=€83,940=€79,747▼ 5.0%€79,744=
Debt€4.2m=€4.2m=€4.3m▲ 1.8%€3.9m▼ 9.2%€3.9m=
Working capital-€4.1m▼ 1.1%-€4.1m=-€4.2m▼ 1.8%-€3.8m▲ 9.3%-€3.8m=
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1,082 in 2025 against €59 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €79,744
Fixed assets
€3,775 =
Current assets
€75,969 =
Key figures and ratios
Current ratio
0.02=
2024 · 0.02
Debt to equity
-1.02=
2024 · -1.02
ROA
-1.4%▼
2024 · 485.5%
Debt ≤ 1 year
€3.9m=
2024 · €3.9m
A ratio outside any meaningful range has been withheld (balance sheet total €79,744, equity -€3.8m).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | -€1.9m | - | - | - |
| Gross operating margin9900 | -€1,205 | -€1,378 | -€2,734 | -€59 | -€1,082 | ▼ 1,726% |
| Operating profit (loss)9901 | -€1,205 | -€1,378 | €1.9m | -€59 | -€1,082 | ▼ 1,726% |
| Financial income75/76B | - | - | - | €387,225 | - | - |
| Recurring financial income75 | - | - | - | €387,225 | - | - |
| Financial charges65/66B | €43,443 | €0 | - | €0 | €2 | ▲ 1,280% |
| Recurring financial charges65 | €223 | €0 | - | €0 | €2 | ▲ 1,280% |
| Non-recurring financial charges66B | €43,219 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€44,648 | -€1,378 | €1.9m | €387,166 | -€1,084 | ▼ 100% |
| Income taxes67/77 | - | - | €71,092 | - | - | - |
| Profit (loss) for the period9904 | -€44,648 | -€1,378 | €1.8m | €387,166 | -€1,084 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | -€44,648 | -€1,378 | €1.8m | €387,166 | -€1,084 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €83,941 | €83,940 | €83,940 | €79,747 | €79,744 | = |
| Fixed assets21/28 | €3,775 | €3,775 | €3,775 | €3,775 | €3,775 | = |
| Financial fixed assets28 | €3,775 | €3,775 | €3,775 | €3,775 | €3,775 | = |
| Current assets29/58 | €80,166 | €80,165 | €80,165 | €75,972 | €75,969 | = |
| Amounts receivable within one year40/41 | €3,907 | €3,907 | €3,907 | €642 | €642 | = |
| Trade receivables40 | €3,907 | €3,907 | €3,907 | €642 | €642 | = |
| Cash at bank and in hand54/58 | €76,259 | €76,258 | €76,258 | €75,329 | €75,327 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €83,941 | €83,940 | €83,940 | €79,747 | €79,744 | = |
| Equity10/15 | -€6.0m | -€6.0m | -€4.2m | -€3.8m | -€3.8m | = |
| Contributions10/11 | €750,000 | €750,000 | €750,000 | €750,000 | €750,000 | = |
| Capital10 | €750,000 | €750,000 | €750,000 | €750,000 | €750,000 | = |
| Issued capital100 | €750,000 | €750,000 | €750,000 | €750,000 | €750,000 | = |
| Profit (loss) carried forward14 | -€6.7m | -€6.7m | -€4.9m | -€4.5m | -€4.5m | = |
| Provisions and deferred taxes16 | €1.9m | €1.9m | - | - | - | - |
| Provisions for liabilities and charges160/5 | €1.9m | €1.9m | - | - | - | - |
| Pensions and similar obligations160 | €1.9m | €1.9m | - | - | - | - |
| Amounts payable17/49 | €4.2m | €4.2m | €4.3m | €3.9m | €3.9m | = |
| Amounts payable within one year42/48 | €4.2m | €4.2m | €4.3m | €3.9m | €3.9m | = |
| Current portion of amounts payable after more than one year42 | €2.2m | €2.2m | €2.2m | €2.2m | €2.2m | = |
| Financial debts43 | €834,314 | €834,314 | €834,314 | €834,314 | €834,314 | = |
| Credit institutions430/8 | €634,314 | €634,314 | €634,314 | €634,314 | €634,314 | = |
| Other loans439 | €200,000 | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Trade debts44 | €390,929 | €392,307 | €394,159 | €2,800 | €3,816 | ▲ 36.3% |
| Suppliers440/4 | €390,929 | €392,307 | €394,159 | €2,800 | €3,816 | ▲ 36.3% |
| Taxes, remuneration and social security45 | €767,482 | €767,482 | €838,574 | €838,574 | €838,574 | = |
| Taxes450/3 | €196,879 | €196,879 | €267,971 | €267,971 | €267,971 | = |
| Remuneration and social security454/9 | €570,603 | €570,603 | €570,603 | €570,603 | €570,603 | = |
| Other amounts payable47/48 | €25,000 | €25,000 | €25,881 | €25,881 | €25,947 | ▲ 0.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€44,648 | -€1,378 | €1.8m | €387,166 | -€1,084 | ▼ 100% |
| Operating cash flow (approximation) | -€44,648 | -€1,378 | €1.8m | €387,166 | -€1,084 | ▼ 100% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€0 | €0 | -€929 | -€2 | ▲ 99.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 20 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Back to profitnet €1.8m
Net result €1.8m after 5 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
01-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 213 days late
2021
31-12
Financial
Weakest financial yearnet -€44,648
Net result drops to -€44,648, the lowest in the series.
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 9 days late
2020
22-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 83 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 21 days late
2011
25-02
Judicial reorganisation
Plan homologation
tribunal de commerce de Tournai
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ath · 1 establishment unit since 2007
Ground area
9,698 m²
Building footprint
636 m²
Parcel 51024A0435/00W011, Wallonia. Linked by address, not a title deed.
1 establishment unit
Hotel Horizon
since 20072.165.584.584
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 51024A0435/00W011 | Wallonia | 9,698 m² | 1 · 636 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded06-08-2007
Fiscal year end31-12
Trade name FR
Hotel Horizon
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.