CAMCO
ActiveSummary
CAMCO has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €27,956 and a net result of -€2,836. Equity is shrinking by ~9.2% per year across the filed fiscal years. Its solvency ranks better than 12% of 808 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability68▲+68
Solvency29▼-4
Growth32=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity short (current ratio 0.87 against 0.71 in 2023; short-term debt: 95.5% and cash: 39% of total assets), and 95.5% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Manufacture of food products (NACE 10)
about 60% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
4.5%
Return on assets
-0.5%
Age of the figures
21 mo
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 · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€2,836
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 808 sector peers (2024).
NBB · sector comparisonPosition among 808 sector peers
Solvency
better than 12%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-09-2025, 54 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
not confirmed
2024
54 d late
2023
41 d late
2022
49 d early
2021
30 d early
2020
61 d early
2019
58 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 17 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€27,956▼ 9.2%
2023 · €30,792
Total assets
€624,295▲ 67.0%
2023 · €373,773
Net result
-€2,836▲ 98.7%
2023 · -€210,636
Working capital
-€77,433▲ 23.0%
2023 · -€100,585
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€125,367▲ 62.9%€32,171▼ 74.3%€76,134▲ 137%-€209,546-€2,267▲ 98.9%
Net result€82,526within the sector's middle half€16,798within the sector's middle half▼ 79.6%€45,573within the sector's middle half▲ 171%-€210,636below the sector's middle half-€2,836below the sector's middle half▲ 98.7%
Equity€179,057within the sector's middle half▲ 85.5%€195,855within the sector's middle half▲ 9.4%€241,428within the sector's middle half▲ 23.3%€30,792below the sector's middle half▼ 87.2%€27,956below the sector's middle half▼ 9.2%
Total assets€417,907below the sector's middle half▲ 8.3%€474,068below the sector's middle half▲ 13.4%€518,849below the sector's middle half▲ 9.4%€373,773below the sector's middle half▼ 28.0%€624,295within the sector's middle half▲ 67.0%
Debt€238,850▼ 17.4%€278,214▲ 16.5%€277,421▼ 0.3%€342,981▲ 23.6%€596,339▲ 73.9%
Working capital€71,969within the sector's middle half▲ 85.8%€93,813within the sector's middle half▲ 30.4%€167,015within the sector's middle half▲ 78.0%-€100,585below the sector's middle half-€77,433below the sector's middle half▲ 23.0%
Solvency42.8%within the sector's middle half▲ 17.8pp41.3%within the sector's middle half▼ 1.5pp46.5%within the sector's middle half▲ 5.2pp8.2%below the sector's middle half▼ 38.3pp4.5%below the sector's middle half▼ 3.8pp
Current ratio1.30within the sector's middle half▲ 0.171.34within the sector's middle half▲ 0.031.60within the sector's middle half▲ 0.270.71below the sector's middle half▼ 0.900.87below the sector's middle half▲ 0.16
Return on assets (ROA)19.7%above the sector's middle half▲ 21.0pp3.5%within the sector's middle half▼ 16.2pp8.8%within the sector's middle half▲ 5.2pp-56.4%below the sector's middle half▼ 65.1pp-0.5%below the sector's middle half▲ 55.9pp
Staff (FTE)17.1above the sector's middle half▼ 13.2%21.6above the sector's middle half▲ 26.3%28.3above the sector's middle half▲ 31.0%28.3above the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2,267 in 2024 against €209,546 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €624,295
Fixed assets
€105,388 ▼ 20.2%
Current assets
€518,907 ▲ 115%
Equity and liabilities €624,295
Equity
€27,956 ▼ 9.2%
Debt
€596,339 ▲ 73.9%
Debt's share of the balance-sheet total rises from 91.8% to 95.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€22,955▲
2023 · -€168,272
Cash flow
€22,387▲
2023 · -€169,362
Debt to equity
21.33▲
2023 · 11.14
ROE
-10.1%▲
2023 · -684.1%
Interest coverage
30.66▲
2023 · -233.84
Debt ≤ 1 year
€596,339▲
2023 · €342,293
Staff costs
€1.7m▲
2023 · €1.2m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 913 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 95% are still going.
- Small
- 10 to 20 years old
- solvency under 10%
- a small loss
2.0%
went bankrupt
2.1%
stopped otherwise
95%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 913 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €1,577 | €0 | - | €10,308 | - |
| Remuneration, social security and pensions62 | - | €932,507 | €1.2m | €1.2m | €1.7m | ▲ 45.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,436 | €29,624 | €32,915 | €41,275 | €25,223 | ▼ 38.9% |
| Other operating charges640/8 | - | €5,407 | €7,510 | €17,731 | €7,831 | ▼ 55.8% |
| Non-recurring operating charges66A | - | €13,307 | €7,573 | €181,023 | - | - |
| Gross operating margin9900 | €907,075 | €1.0m | €1.3m | €1.2m | €1.8m | ▲ 44.2% |
| Operating profit (loss)9901 | €125,367 | €32,171 | €76,134 | -€209,546 | -€2,267 | ▲ 98.9% |
| Financial income75/76B | - | €2 | €0 | - | €180 | - |
| Recurring financial income75 | €2 | €2 | €0 | - | €180 | - |
| Financial charges65/66B | - | €1,127 | €276 | €720 | €749 | ▲ 4.0% |
| Recurring financial charges65 | €891 | €1,127 | €276 | €720 | €749 | ▲ 4.0% |
| Non-recurring financial charges66B | - | - | - | €720 | - | - |
| Profit (loss) for the period before taxes9903 | €124,478 | €31,045 | €75,857 | -€210,266 | -€2,836 | ▲ 98.7% |
| Income taxes67/77 | €41,952 | €14,248 | €30,284 | €370 | - | - |
| Profit (loss) for the period9904 | €82,526 | €16,798 | €45,573 | -€210,636 | -€2,836 | ▲ 98.7% |
| Profit (loss) for the period to be appropriated9905 | €82,526 | €16,798 | €45,573 | -€210,636 | -€2,836 | ▲ 98.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €417,907 | €474,068 | €518,849 | €373,773 | €624,295 | ▲ 67.0% |
| Fixed assets21/28 | €108,011 | €102,042 | €74,927 | €132,064 | €105,388 | ▼ 20.2% |
| Tangible fixed assets22/27 | €105,686 | €99,717 | €70,802 | €127,939 | €101,263 | ▼ 20.9% |
| Plant, machinery and equipment23 | - | - | - | €2,268 | €2,945 | ▲ 29.9% |
| Furniture and vehicles24 | - | €99,717 | €70,802 | €125,672 | €98,319 | ▼ 21.8% |
| Financial fixed assets28 | €2,325 | €2,325 | €4,125 | €4,125 | €4,125 | = |
| Current assets29/58 | €309,896 | €372,026 | €443,922 | €241,708 | €518,907 | ▲ 115% |
| Amounts receivable within one year40/41 | €215,088 | €186,109 | €221,555 | €240,106 | €275,694 | ▲ 14.8% |
| Trade receivables40 | - | €171,265 | €185,525 | €200,476 | €224,559 | ▲ 12.0% |
| Other amounts receivable41 | - | €14,845 | €36,031 | €39,630 | €51,135 | ▲ 29.0% |
| Cash at bank and in hand54/58 | €94,569 | €185,142 | €221,002 | €60 | €243,213 | ▲ 407,428% |
| Deferred charges and accrued income490/1 | - | €775 | €1,365 | €1,543 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €417,907 | €474,068 | €518,849 | €373,773 | €624,295 | ▲ 67.0% |
| Equity10/15 | €179,057 | €195,855 | €241,428 | €30,792 | €27,956 | ▼ 9.2% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €160,457 | €177,255 | €222,828 | €144,898 | €144,898 | = |
| Non-distributable reserves130/1 | - | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €0 | - | - | - |
| Distributable reserves133 | - | €175,395 | €222,828 | €144,898 | €144,898 | = |
| Profit (loss) carried forward14 | €80,869 | - | - | -€132,706 | -€135,542 | ▼ 2.1% |
| Amounts payable17/49 | €238,850 | €278,214 | €277,421 | €342,981 | €596,339 | ▲ 73.9% |
| Amounts payable within one year42/48 | €237,927 | €278,214 | €276,907 | €342,293 | €596,339 | ▲ 74.2% |
| Trade debts44 | €97,330 | €49,046 | €68,454 | €184,571 | €145,222 | ▼ 21.3% |
| Suppliers440/4 | - | €49,046 | €68,454 | €184,571 | €145,222 | ▼ 21.3% |
| Advances received on contracts in progress46 | - | - | - | - | €172,556 | - |
| Taxes, remuneration and social security45 | - | €160,927 | €155,233 | €118,624 | €222,689 | ▲ 87.7% |
| Taxes450/3 | - | €63,632 | €39,099 | €37 | €2,631 | ▲ 6,979% |
| Remuneration and social security454/9 | - | €97,295 | €116,134 | €118,587 | €220,058 | ▲ 85.6% |
| Other amounts payable47/48 | - | €68,240 | €53,221 | €39,098 | €55,873 | ▲ 42.9% |
| Accrued charges and deferred income492/3 | - | €0 | €514 | €688 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €82,526 | €16,798 | €45,573 | -€210,636 | -€2,836 | ▲ 98.7% |
| + Depreciation and write-downs630 | €15,436 | €29,624 | €32,915 | €41,275 | €25,223 | ▼ 38.9% |
| Operating cash flow (approximation) | €97,963 | €46,422 | €78,488 | -€169,362 | €22,387 | ▲ 113% |
| Investment in fixed assets (approximation) | - | -€23,655 | -€5,800 | -€98,412 | €1,453 | ▲ 101% |
| Change in cash | - | €90,573 | €35,860 | -€220,942 | €243,153 | ▲ 210% |
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
2025
23-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 54 days late
2024
10-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 41 days late
2023
31-12
Financial
Weakest financial yearnet -€210,636
Net result drops to -€210,636, the lowest in the series; recovery starts the following year.
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €200,000Eq €241,428 ▲23.3%
3 profitable years in a row build equity to €241,428.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €82,526
Net result €82,526 after one loss-making year.
31-12
Financial
Equity above €150,000Eq €179,057 ▲85.5%
Equity rises from €96,530 to €179,057.
03-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 26 days late
2018
16-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
08-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 8 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Gent · 1 establishment unit since 2009
Ground area
1,622 m²
Building footprint
842 m²
Volume, LiDAR
4,983 m³
Parcel 44432C0621/00K002, Flanders · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Oscar De Reusestraat 39D, 9040 Gent
since 20092.179.391.248
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44432C0621/00K002 | Flanders | 1,622 m² | 1 · 842 m² | 6.8 m · 2 fl. |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteGent2.179.391.248
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Of 599 companies in sector 10111 we hold annual accounts for 331. 186 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded20-05-2009
Fiscal year end31-12
Activities, NACEBEL 2025
10111Manufacture of food products
E-invoicing
Reachable via Peppol
Peppol ID
0208:0811863076
Also
9925:BE0811863076
Registered
15-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.