CAMBRE
ActiveSummary
CAMBRE has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-76k) and a net result of €2k. Equity is shrinking by ~41.4% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▲+2
Solvency6=
Growth58=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.08 against 0.03 in 2024; short-term debt: 119.4% and cash: 7.9% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-19.4%
Return on assets
0.6%
Age of the figures
9 mo
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
42 d late
2023
299 d late
2022
206 d late
2021
107 d late
2020
23 d early
2019
26 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-76k▲ 3.1%
2024 · €-79k
2018: €39khighest in 8 years
2019: €29k▼ -25.2% vs 2018
2020: €19k▼ -34.5% vs 2019
2021: €-22k▼ -214% vs 2020
2022: €-54k▼ -150% vs 2021
2023: €-66k▼ -22.1% vs 2022
2024: €-79k▼ -18.4% vs 2023lowest in 8 years
2025: €-76k▲ +3.1% vs 2024
2018 → 2025
Total assets
€392k▼ 3.4%
2024 · €406k
2018: €533khighest in 8 years
2019: €510k▼ -4.3% vs 2018
2020: €478k▼ -6.2% vs 2019
2021: €450k▼ -5.8% vs 2020
2022: €479k▲ +6.4% vs 2021
2023: €441k▼ -7.8% vs 2022
2024: €406k▼ -8.0% vs 2023
2025: €392k▼ -3.4% vs 2024lowest in 8 years
2018 → 2025
Net result
€2k
2024 · €-3k
2018: €-9k
2019: €-9k● -0.0% vs 2018
2020: €-9k▼ -2.4% vs 2019
2021: €-40k▼ -337% vs 2020lowest in 8 years
2022: €-32k▲ +20.9% vs 2021
2023: €-11k▲ +64.9% vs 2022
2024: €-3k▲ +76.4% vs 2023
2025: €2k▲ +193% vs 2024highest in 8 years
2018 → 2025
Working capital
€-429k▲ 4.0%
2024 · €-447k
2018: €-300khighest in 8 years
2019: €-307k▼ -2.4% vs 2018
2020: €-308k▼ -0.3% vs 2019
2021: €-357k▼ -15.7% vs 2020
2022: €-428k▼ -19.9% vs 2021
2023: €-438k▼ -2.5% vs 2022
2024: €-447k▼ -2.0% vs 2023lowest in 8 years
2025: €-429k▲ +4.0% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-22k-€-54k▼ 150%€-66k▼ 22.1%€-79k▼ 18.4%€-76k▲ 3.1%
2021: €-22khighest in 5 years
2022: €-54k▼ -150% vs 2021
2023: €-66k▼ -22.1% vs 2022
2024: €-79k▼ -18.4% vs 2023lowest in 5 years
2025: €-76k▲ +3.1% vs 2024
Operating result€-34k-€-27k▲ 21.5%€-7k▲ 72.8%€-9k▼ 18.7%€5k
2021: €-34klowest in 5 years
2022: €-27k▲ +21.5% vs 2021
2023: €-7k▲ +72.8% vs 2022
2024: €-9k▼ -18.7% vs 2023
2025: €5k▲ +156% vs 2024highest in 5 years
Net result€-40k-€-32k▲ 20.9%€-11k▲ 64.9%€-3k▲ 76.4%€2k
2021: €-40klowest in 5 years
2022: €-32k▲ +20.9% vs 2021
2023: €-11k▲ +64.9% vs 2022
2024: €-3k▲ +76.4% vs 2023
2025: €2k▲ +193% vs 2024highest in 5 years
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 returns to profit in 2025: €5k after a loss of €9k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €392k
Fixed assets
€353k ▼ 9.6%
Current assets
€39k ▲ 149%
Key figures and ratios
EBITDA
€42k▲
2024 · €29k
Cash flow
€40k▲
2024 · €35k
Solvency
-19.4%▼
2024 · -19.4%
Current ratio
0.08▲
2024 · 0.03
Debt to equity
-6.14▲
2024 · -6.16
ROA
0.6%▲
2024 · -0.6%
Interest coverage
17.43▲
2024 · 8.14
Debt
€469k▼
2024 · €485k
Debt ≤ 1 year
€469k▲
2024 · €463k
Debt > 1 year
€0▼
2024 · €22k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€406k€392k▼
Fixed assets21/28€390k€353k▼
Tangible fixed assets22/27€390k€352k▼
Land and buildings22€390k€352k▼
Financial fixed assets28€740€740=
Current assets29/58€16k€39k▲
Amounts receivable within one year40/41€7k€8k▲
Trade receivables40€7k€8k▲
Other amounts receivable41€1€1=
Cash at bank and in hand54/58€8k€31k▲
Deferred charges and accrued income490/1€950€823▼
Equity and liabilities
Total equity and liabilities10/49€406k€392k▼
Equity10/15€-79k€-76k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€12k€12k=
Non-distributable reserves130/1€12k€12k=
Legal reserve130€12k€12k=
Profit (loss) carried forward14€-153k€-151k▲
Investment grants15€0-
Amounts payable17/49€485k€469k▼
Amounts payable after more than one year17€22k€0▼
Financial debts170/4€22k€0▼
Amounts payable within one year42/48€463k€469k▲
Current portion of amounts payable after more than one year42€28k€22k▼
Trade debts44€14k€16k▲
Suppliers440/4€14k€16k▲
Other amounts payable47/48€420k€430k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37k€37k▲
Other operating charges640/8€8k€9k▲
Gross operating margin9900€37k€52k▲
Operating profit (loss)9901€-9k€5k▲
Financial income75/76B€10k€0▼
Recurring financial income75€10k€0▼
Financial charges65/66B€4k€2k▼
Recurring financial charges65€4k€2k▼
Profit (loss) for the period before taxes9903€-3k€2k▲
Profit (loss) for the period9904€-3k€2k▲
Profit (loss) for the period to be appropriated9905€-3k€2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-153k€-151k▲
Profit (loss) brought forward from the previous period14P€-150k€-153k▼
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33k | €36k | €37k | €37k | €37k | ▲ 0.2% |
| Other operating charges640/8 | €5k | €8k | €8k | €8k | €9k | ▲ 11.4% |
| Gross operating margin9900 | €4k | €17k | €37k | €37k | €52k | ▲ 39.4% |
| Operating profit (loss)9901 | €-34k | €-27k | €-7k | €-9k | €5k | ▲ 156% |
| Financial income75/76B | €930 | €930 | €930 | €10k | €0 | ▼ 100% |
| Recurring financial income75 | €930 | €930 | €930 | €10k | €0 | ▼ 100% |
| Financial charges65/66B | €7k | €6k | €5k | €4k | €2k | ▼ 31.1% |
| Recurring financial charges65 | €7k | €6k | €5k | €4k | €2k | ▼ 31.1% |
| Non-recurring financial charges66B | €33 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €-40k | €-32k | €-11k | €-3k | €2k | ▲ 193% |
| Profit (loss) for the period9904 | €-40k | €-32k | €-11k | €-3k | €2k | ▲ 193% |
| Profit (loss) for the period to be appropriated9905 | €-40k | €-32k | €-11k | €-3k | €2k | ▲ 193% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €450k | €479k | €441k | €406k | €392k | ▼ 3.4% |
| Fixed assets21/28 | €439k | €458k | €422k | €390k | €353k | ▼ 9.6% |
| Tangible fixed assets22/27 | €438k | €457k | €422k | €390k | €352k | ▼ 9.6% |
| Land and buildings22 | €438k | €457k | €422k | €390k | €352k | ▼ 9.6% |
| Assets under construction and advance payments27 | - | €0 | - | - | - | - |
| Financial fixed assets28 | €740 | €740 | €740 | €740 | €740 | = |
| Current assets29/58 | €11k | €21k | €19k | €16k | €39k | ▲ 149% |
| Amounts receivable within one year40/41 | €1 | €489 | €4k | €7k | €8k | ▲ 8.2% |
| Trade receivables40 | - | €189 | €4k | €7k | €8k | ▲ 8.2% |
| Other amounts receivable41 | €1 | €299 | €1 | €1 | €1 | = |
| Current investments50/53 | €11k | - | - | - | - | - |
| Cash at bank and in hand54/58 | - | €12k | €5k | €8k | €31k | ▲ 295% |
| Deferred charges and accrued income490/1 | €426 | €8k | €11k | €950 | €823 | ▼ 13.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €450k | €479k | €441k | €406k | €392k | ▼ 3.4% |
| Equity10/15 | €-22k | €-54k | €-66k | €-79k | €-76k | ▲ 3.1% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | €62k | €62k | €62k | €62k | €62k | = |
| Issued capital100 | €62k | €62k | €62k | €62k | €62k | = |
| Reserves13 | €41k | €12k | €12k | €12k | €12k | = |
| Non-distributable reserves130/1 | €12k | €12k | €12k | €12k | €12k | = |
| Legal reserve130 | €12k | €12k | €12k | €12k | €12k | = |
| Tax-exempt reserves132 | €29k | €0 | - | - | - | - |
| Profit (loss) carried forward14 | €-137k | €-139k | €-150k | €-153k | €-151k | ▲ 1.6% |
| Investment grants15 | €11k | €11k | €10k | €0 | - | - |
| Amounts payable17/49 | €472k | €533k | €508k | €485k | €469k | ▼ 3.4% |
| Amounts payable after more than one year17 | €104k | €78k | €51k | €22k | €0 | ▼ 100% |
| Financial debts170/4 | €104k | €78k | €51k | €22k | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €368k | €448k | €457k | €463k | €469k | ▲ 1.3% |
| Current portion of amounts payable after more than one year42 | €25k | €26k | €27k | €28k | €22k | ▼ 22.2% |
| Trade debts44 | €24k | €12k | €10k | €14k | €16k | ▲ 14.6% |
| Suppliers440/4 | €24k | €12k | €10k | €14k | €16k | ▲ 14.6% |
| Other amounts payable47/48 | €319k | €410k | €420k | €420k | €430k | ▲ 2.4% |
| Accrued charges and deferred income492/3 | - | €7k | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-40k | €-32k | €-11k | €-3k | €2k | ▲ 193% |
| + Depreciation and write-downs630 | €33k | €36k | €37k | €37k | €37k | ▲ 0.2% |
| Operating cash flow (approximation) | €-7k | €5k | €26k | €35k | €40k | ▲ 14.8% |
| Investment in fixed assets (approximation) | - | €-55k | €-1k | €-5k | €0 | ▲ 100% |
| Change in cash | - | - | €-8k | €3k | €23k | ▲ 599% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €2k
Net result €2k after 7 loss-making years.
11-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 42 days late
26-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 299 days late
2024
22-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 206 days late
2022
15-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 107 days late
2021
31-12
Financial
Weakest financial yearnet €-40k
Net result drops to €-40k, the lowest in the series; recovery starts the following year.
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
2019
28-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 89 days late
2018
06-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 6 days late
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Elsene · 1 establishment unit since 1988
Ground area
3,685 m²
Building footprint
2,895 m²
Volume, LiDAR
48,987 m³
2 parcels, Brussels · tallest building 31.7 m, ±8 floors. Linked by address, not a title deed.
71
companies at this address
See who is registered here
1 establishment unit
DIREXIONS ADVERTISING & DIRECT
since 19882.038.111.144
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0172/00G000 | Brussels | 3,384 m² | 1 · 2,779 m² | 31.7 m · 8 fl. |
| 21013B0017/00X019 | Brussels | 302 m² | 1 · 116 m² | 18.2 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPublic limited company
Founded06-05-1988
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.