CAMBRE SOLUTIONS
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 13 days after the deadline Filed on 13 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00406176.
Annual accounts 2025 filed on 13-08-2026 at the NBB all 7 filings
Turnover
€51,017
EBIT margin
85.3%
Net result
-€7,256
2024 · €7,690
Working capital
€9,407▼ 42.9%
2024 · €16,470
Multi-year overview
2019 to 2025, 7 financial yearsTurnover
no figure
2025
20192025
Operating result
-€7,050
2025
20192025
Net result
-€7,256
2025
lowest quarter of the sector
20192025
EBIT margin
no figure
2025
20192025
Equity
€9,724
▼ 42.7%
2025
lowest quarter of the sector
20192025
Total assets
€16,284
▼ 7.8%
2025
lowest quarter of the sector
20192025
Debt
€6,559
▲ 863%
2025
20192025
Working capital
€9,407
▼ 42.9%
2025
middle half of the sector
20192025
Solvency
59.7%
▼ 36.4pp
2025
middle half of the sector
20192025
Current ratio
2.43
▼ 23.21
2025
middle half of the sector
20192025
Return on assets (ROA)
-44.6%
▼ 88.1pp
2025
lowest quarter of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Turnover€51,017
Operating result-€9,412--€4,470▲ 52.5%€43,537-€2,259-€8,876▼ 293%€7,883-€7,050
Net result-€9,514--€4,642below the sector's middle half▲ 51.2%€36,557within the sector's middle half-€2,639below the sector's middle half-€9,066below the sector's middle half▼ 244%€7,690within the sector's middle half-€7,256below the sector's middle half
EBIT margin85.3%
Equity€2,886--€1,755below the sector's middle half€22,134below the sector's middle half€18,356below the sector's middle half▼ 17.1%€9,290below the sector's middle half▼ 49.4%€16,980below the sector's middle half▲ 82.8%€9,724below the sector's middle half▼ 42.7%
Total assets€6,070-€1,158below the sector's middle half▼ 80.9%€32,766below the sector's middle half▲ 28×€28,333below the sector's middle half▼ 13.5%€11,951below the sector's middle half▼ 57.8%€17,662below the sector's middle half▲ 47.8%€16,284below the sector's middle half▼ 7.8%
Debt€3,183-€2,913▼ 8.5%€10,632▲ 265%€9,977▼ 6.2%€2,660▼ 73.3%€681▼ 74.4%€6,559▲ 863%
Working capital€2,556--€1,755below the sector's middle half€21,844within the sector's middle half€18,090within the sector's middle half▼ 17.2%€9,129below the sector's middle half▼ 49.5%€16,470within the sector's middle half▲ 80.4%€9,407within the sector's middle half▼ 42.9%
Solvency47.6%-67.6%within the sector's middle half64.8%within the sector's middle half▼ 2.8pp77.7%within the sector's middle half▲ 13.0pp96.1%above the sector's middle half▲ 18.4pp59.7%within the sector's middle half▼ 36.4pp
Current ratio1.80-3.05within the sector's middle half2.81within the sector's middle half▼ 0.244.43within the sector's middle half▲ 1.6225.65above the sector's middle half▲ 21.212.43within the sector's middle half▼ 23.21
Return on assets (ROA)-156.7%-111.6%above the sector's middle half-9.3%below the sector's middle half▼ 120.9pp-75.9%below the sector's middle half▼ 66.5pp43.5%above the sector's middle half▲ 119.4pp-44.6%below the sector's middle half▼ 88.1pp
above
within
below
The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €7,050, after a profit of €7,883 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €16,284
Fixed assets
€317 ▼ 39.4%
Current assets
€15,966 ▼ 6.8%
Equity and liabilities €16,284
Equity
€9,724 ▼ 42.7%
Debt
€6,559 ▲ 863%
Debt's share of the balance-sheet total rises from 3.9% to 40.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€6,844▼
2024 · €8,140
Cash flow
-€7,050▼
2024 · €7,947
Debt to equity
0.67▲
2024 · 0.04
ROE
-74.6%▼
2024 · 45.3%
Interest coverage
-33.24▼
2024 · 41.63
Debt ≤ 1 year
€6,559▲
2024 · €668
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €313 | - | - | €619 | - |
| Financial fixed assets | - | €80 | - | - | - |
| Depreciation and write-downs of the year | €23 | €104 | €104 | €257 | €206 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | €51,017 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €7,101 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €330 | €330 | €23 | €104 | €104 | €257 | €206 | ▼ 19.8% |
| Other operating charges640/8 | - | - | €356 | €359 | €388 | €387 | €400 | ▲ 3.2% |
| Gross operating margin9900 | -€8,721 | -€3,780 | €43,917 | -€1,796 | -€8,384 | €8,527 | -€6,444 | - |
| Operating profit (loss)9901 | -€9,412 | -€4,470 | €43,537 | -€2,259 | -€8,876 | €7,883 | -€7,050 | - |
| Financial income75/76B | - | - | €7 | €1 | - | €3 | - | - |
| Recurring financial income75 | - | - | €7 | €1 | - | €3 | - | - |
| Financial charges65/66B | - | - | €170 | €380 | €190 | €196 | €206 | ▲ 5.3% |
| Recurring financial charges65 | €102 | €172 | €170 | €380 | €190 | €196 | €206 | ▲ 5.3% |
| Profit (loss) for the period before taxes9903 | -€9,514 | -€4,642 | €43,374 | -€2,639 | -€9,066 | €7,690 | -€7,256 | - |
| Income taxes67/77 | - | - | €6,817 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€9,514 | -€4,642 | €36,557 | -€2,639 | -€9,066 | €7,690 | -€7,256 | - |
| Profit (loss) for the period to be appropriated9905 | -€9,514 | -€4,642 | €36,557 | -€2,639 | -€9,066 | €7,690 | -€7,256 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €6,070 | €1,158 | €32,766 | €28,333 | €11,951 | €17,662 | €16,284 | ▼ 7.8% |
| Fixed assets21/28 | €330 | - | €290 | €266 | €162 | €524 | €317 | ▼ 39.4% |
| Tangible fixed assets22/27 | €330 | - | €290 | €186 | €81 | €443 | €237 | ▼ 46.6% |
| Furniture and vehicles24 | - | - | €290 | €186 | €81 | €443 | €237 | ▼ 46.6% |
| Financial fixed assets28 | - | - | - | €80 | €80 | €80 | €80 | = |
| Current assets29/58 | €5,740 | €1,158 | €32,476 | €28,067 | €11,789 | €17,138 | €15,966 | ▼ 6.8% |
| Amounts receivable within one year40/41 | €882 | €494 | €1,365 | €552 | €1,782 | €10,134 | €6,432 | ▼ 36.5% |
| Trade receivables40 | - | - | - | - | - | €8,981 | €6,200 | ▼ 31.0% |
| Other amounts receivable41 | - | - | €1,365 | €552 | €1,782 | €1,153 | €232 | ▼ 79.9% |
| Cash at bank and in hand54/58 | €4,858 | €641 | €30,876 | €27,515 | €10,002 | €7,004 | €9,535 | ▲ 36.1% |
| Deferred charges and accrued income490/1 | - | - | €234 | - | €5 | - | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €6,070 | €1,158 | €32,766 | €28,333 | €11,951 | €17,662 | €16,284 | ▼ 7.8% |
| Equity10/15 | €2,886 | -€1,755 | €22,134 | €18,356 | €9,290 | €16,980 | €9,724 | ▼ 42.7% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | - | - | €9,734 | €8,595 | €8,595 | €8,595 | €8,595 | = |
| Distributable reserves133 | - | - | €9,734 | €8,595 | €8,595 | €8,595 | €8,595 | = |
| Profit (loss) carried forward14 | -€9,514 | -€14,155 | - | -€2,639 | -€11,705 | -€4,014 | -€11,270 | ▼ 181% |
| Amounts payable17/49 | €3,183 | €2,913 | €10,632 | €9,977 | €2,660 | €681 | €6,559 | ▲ 863% |
| Amounts payable within one year42/48 | €3,183 | €2,913 | €10,632 | €9,977 | €2,660 | €668 | €6,559 | ▲ 882% |
| Trade debts44 | €928 | €658 | €892 | €9,977 | €2,660 | €668 | €6,559 | ▲ 882% |
| Suppliers440/4 | - | - | €892 | €9,977 | €2,660 | €668 | €6,559 | ▲ 882% |
| Taxes, remuneration and social security45 | - | - | €9,741 | - | - | - | - | - |
| Taxes450/3 | - | - | €9,741 | - | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €13 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€9,514 | -€4,642 | €36,557 | -€2,639 | -€9,066 | €7,690 | -€7,256 | - |
| + Depreciation and write-downs630 | €330 | €330 | €23 | €104 | €104 | €257 | €206 | ▼ 19.8% |
| Operating cash flow (approximation) | -€9,183 | -€4,311 | €36,580 | -€2,534 | -€8,962 | €7,947 | -€7,050 | - |
| Investment in fixed assets (approximation) | - | - | - | -€80 | €0 | -€619 | €0 | - |
| Change in cash | - | -€4,216 | €30,235 | -€3,362 | -€17,512 | -€2,998 | €2,531 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 3,591 companies had the same profile as CAMBRE SOLUTIONS has now. Two years later, 87.4% were still going and 3.0% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
87.4%
was still going
9.4%
stopped otherwise
3.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of CAMBRE SOLUTIONS itself is lower: 0.1% within 12 months. It rests on far more data about CAMBRE SOLUTIONS than the profile alone.
Test of the method
The method was tested on the 497,446 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 3,591 companies, not a prediction for CAMBRE SOLUTIONS. 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.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 13-08-2026 | 2026-00406176 | |
| 31-12-2024 | micro format | 23-07-2025 | 2025-00300504 | |
| 31-12-2023 | micro format | 31-07-2024 | 2024-00311469 | |
| 31-12-2022 | micro format | 25-07-2023 | 2023-00265647 | |
| 31-12-2021 | micro format | 11-10-2022 | 2022-20456748 | |
| 31-12-2020 | full format | 31-08-2021 | 2021-62800274 | |
| 31-12-2019 | full format | 31-08-2020 | 2020-50700283 |