Camel Q
ActiveSummary
Camel Q has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5,000 and a net result of €141,845. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 11% of 31942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency28=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
3%
Return on assets
86.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 31942 sector peers (2025).
NBB · sector comparisonPosition among 31942 sector peers
Solvency
better than 11%
← weakest
strongest →
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 02-04-2026, 120 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
120 d early
2024
73 d early
2023
93 d early
2022
131 d early
2021
137 d early
2020
128 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 114 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed 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. Usually files around 2 April (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€5,000=
2024 · €5,000
Total assets
€164,293▼ 16.5%
2024 · €196,772
Net result
€141,845▼ 13.2%
2024 · €163,415
Working capital
€2,653
2024 · -€3,303
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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
Line20212022202320242025
Operating result€115,415▲ 107%€204,543▲ 77.2%€201,848▼ 1.3%€218,399▲ 8.2%€184,647▼ 15.5%
Net result€90,166above the sector's middle half▲ 107%€151,838above the sector's middle half▲ 68.4%€156,070above the sector's middle half▲ 2.8%€163,415above the sector's middle half▲ 4.7%€141,845above the sector's middle half▼ 13.2%
Equity€138,707within the sector's middle half▲ 186%€290,545above the sector's middle half▲ 109%€5,000below the sector's middle half▼ 98.3%€5,000below the sector's middle half=€5,000below the sector's middle half=
Total assets€227,487within the sector's middle half▲ 88.4%€416,152within the sector's middle half▲ 82.9%€193,552within the sector's middle half▼ 53.5%€196,772within the sector's middle half▲ 1.7%€164,293within the sector's middle half▼ 16.5%
Debt€88,780▲ 22.9%€125,607▲ 41.5%€188,552▲ 50.1%€191,772▲ 1.7%€159,293▼ 16.9%
Working capital€129,294within the sector's middle half▲ 165%€281,109above the sector's middle half▲ 117%-€4,614below the sector's middle half-€3,303below the sector's middle half▲ 28.4%€2,653within the sector's middle half
Solvency61.0%within the sector's middle half▲ 20.8pp69.8%within the sector's middle half▲ 8.8pp2.6%below the sector's middle half▼ 67.2pp2.5%below the sector's middle half=3.0%below the sector's middle half▲ 0.5pp
Current ratio3.10within the sector's middle half▲ 0.213.61within the sector's middle half▲ 0.500.97below the sector's middle half▼ 2.630.98below the sector's middle half▲ 0.011.02within the sector's middle half▲ 0.03
Return on assets (ROA)39.6%above the sector's middle half▲ 3.6pp36.5%above the sector's middle half▼ 3.1pp80.6%above the sector's middle half▲ 44.1pp83.0%above the sector's middle half▲ 2.4pp86.3%above the sector's middle half▲ 3.3pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 15% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €164,293
Fixed assets
€2,347 ▼ 71.7%
Current assets
€161,946 ▼ 14.1%
Equity and liabilities €164,293
Equity
€5,000 =
Debt
€159,293 ▼ 16.9%
Debt's share of the balance-sheet total falls from 97.5% to 97.0%. Debt is lower.
Key figures and ratios
EBITDA
€192,786▼
2024 · €227,881
Cash flow
€149,983▼
2024 · €172,896
Debt to equity
31.86▼
2024 · 38.35
Interest coverage
1532.48▲
2024 · -202.23
Debt ≤ 1 year
€159,293▼
2024 · €191,772
Income taxes
€43,050▼
2024 · €57,420
A ratio outside any meaningful range has been withheld (balance sheet total €164,293, equity €5,000).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,153 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 2,153 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,482 | €9,482 | €9,482 | €9,482 | €8,139 | ▼ 14.2% |
| Other operating charges640/8 | - | €1,889 | €1,652 | €2,120 | €1,503 | ▼ 29.1% |
| Gross operating margin9900 | €126,123 | €215,914 | €212,981 | €230,001 | €194,289 | ▼ 15.5% |
| Operating profit (loss)9901 | €115,415 | €204,543 | €201,848 | €218,399 | €184,647 | ▼ 15.5% |
| Financial income75/76B | - | €1,402 | €8 | €1,309 | €373 | ▼ 71.5% |
| Recurring financial income75 | €779 | €1,402 | €8 | €1,309 | €373 | ▼ 71.5% |
| Financial charges65/66B | - | €5,225 | -€1,243 | -€1,127 | €126 | ▲ 111% |
| Recurring financial charges65 | €815 | €5,225 | -€1,243 | -€1,127 | €126 | ▲ 111% |
| Profit (loss) for the period before taxes9903 | €115,378 | €200,719 | €203,100 | €220,835 | €184,895 | ▼ 16.3% |
| Income taxes67/77 | €25,212 | €48,882 | €47,030 | €57,420 | €43,050 | ▼ 25.0% |
| Profit (loss) for the period9904 | €90,166 | €151,838 | €156,070 | €163,415 | €141,845 | ▼ 13.2% |
| Profit (loss) for the period to be appropriated9905 | €90,166 | €151,838 | €156,070 | €163,415 | €141,845 | ▼ 13.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €227,487 | €416,152 | €193,552 | €196,772 | €164,293 | ▼ 16.5% |
| Fixed assets21/28 | €36,747 | €27,266 | €17,784 | €8,303 | €2,347 | ▼ 71.7% |
| Tangible fixed assets22/27 | €36,497 | €27,016 | €17,534 | €8,053 | €2,097 | ▼ 74.0% |
| Furniture and vehicles24 | - | - | - | - | €2,097 | - |
| Leasing and similar rights25 | - | €27,016 | €17,534 | €8,053 | €0 | ▼ 100% |
| Financial fixed assets28 | €250 | €250 | €250 | €250 | €250 | = |
| Current assets29/58 | €190,740 | €388,886 | €175,767 | €188,470 | €161,946 | ▼ 14.1% |
| Amounts receivable after more than one year29 | - | €50,000 | €0 | - | - | - |
| Other amounts receivable291 | - | €50,000 | €0 | - | - | - |
| Amounts receivable within one year40/41 | €24,833 | €66,637 | €73,545 | €100,074 | €48,909 | ▼ 51.1% |
| Trade receivables40 | - | €66,230 | €70,556 | €87,169 | €39,701 | ▼ 54.5% |
| Other amounts receivable41 | - | €407 | €2,990 | €12,905 | €9,209 | ▼ 28.6% |
| Current investments50/53 | €49,929 | €45,437 | €37,589 | €0 | - | - |
| Cash at bank and in hand54/58 | €63,664 | €222,999 | €61,436 | €84,787 | €109,247 | ▲ 28.8% |
| Deferred charges and accrued income490/1 | - | €3,814 | €3,197 | €3,608 | €3,789 | ▲ 5.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €227,487 | €416,152 | €193,552 | €196,772 | €164,293 | ▼ 16.5% |
| Equity10/15 | €138,707 | €290,545 | €5,000 | €5,000 | €5,000 | = |
| Contributions10/11 | - | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €133,707 | €285,545 | €0 | - | - | - |
| Distributable reserves133 | - | €285,545 | €0 | - | - | - |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €88,780 | €125,607 | €188,552 | €191,772 | €159,293 | ▼ 16.9% |
| Amounts payable after more than one year17 | €27,335 | €17,830 | €8,170 | €0 | - | - |
| Financial debts170/4 | - | €17,830 | €8,170 | €0 | - | - |
| Amounts payable within one year42/48 | €61,446 | €107,777 | €180,382 | €191,772 | €159,293 | ▼ 16.9% |
| Current portion of amounts payable after more than one year42 | - | €9,505 | €9,660 | €8,170 | €0 | ▼ 100% |
| Financial debts43 | - | - | €70 | €0 | - | - |
| Credit institutions430/8 | - | - | €70 | €0 | - | - |
| Trade debts44 | €3,104 | €11,475 | €1,186 | €152 | €4,409 | ▲ 2,808% |
| Suppliers440/4 | - | €11,475 | €1,186 | €152 | €4,409 | ▲ 2,808% |
| Taxes, remuneration and social security45 | - | €86,797 | €13,116 | €20,036 | €13,039 | ▼ 34.9% |
| Taxes450/3 | - | €86,797 | €13,116 | €20,036 | €13,039 | ▼ 34.9% |
| Other amounts payable47/48 | - | - | €156,349 | €163,415 | €141,845 | ▼ 13.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €90,166 | €151,838 | €156,070 | €163,415 | €141,845 | ▼ 13.2% |
| + Depreciation and write-downs630 | €9,482 | €9,482 | €9,482 | €9,482 | €8,139 | ▼ 14.2% |
| Operating cash flow (approximation) | €99,648 | €161,319 | €165,552 | €172,896 | €149,983 | ▼ 13.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€2,183 | - |
| Change in cash | - | €159,334 | -€161,563 | €23,352 | €24,460 | ▲ 4.7% |
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
01-09
State Gazette act
Director resignation · Director discharge
Director appointment · Permanent representative
02-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
25-03
State Gazette act
General meeting · Director resignation
Director discharge · Director appointment
24-03
State Gazette act
Director resignation · Director discharge
Director appointment · Permanent representative
20-03
State Gazette act
General meeting · Merger
Accounting effect · Dissolution · Lars HANSEN
10-02
State Gazette act
General meeting · Merger
Dissolution · Accounting effect
10-02
State Gazette act
General meeting · Merger
Accounting effect · Dissolution
04-02
State Gazette act
General meeting · Merger
Accounting effect · Dissolution
04-02
State Gazette act
General meeting · Merger
Accounting effect · Dissolution
04-02
State Gazette act
General meeting · Merger
Accounting effect · Dissolution
04-02
State Gazette act
General meeting · Merger
Dissolution · Accounting effect
04-02
State Gazette act
General meeting · Merger
Accounting effect · Dissolution
Show earlier events
04-02
State Gazette act
General meeting · Merger
Accounting effect · Dissolution
03-02
State Gazette act
General meeting · Merger
Accounting effect · Dissolution
02-02
State Gazette act
General meeting · Merger
Accounting effect · Dissolution
30-01
State Gazette act
General meeting · Merger
Accounting effect · Dissolution
29-01
State Gazette act
General meeting · Merger
Accounting effect · Dissolution
29-01
State Gazette act
General meeting · Merger
Accounting effect · Dissolution
29-01
State Gazette act
General meeting · Merger
Accounting effect · Dissolution
29-01
State Gazette act
General meeting · Merger
Accounting effect · Dissolution
28-01
State Gazette act
General meeting · Merger
Dissolution · Director resignation
28-01
State Gazette act
General meeting · Merger
Accounting effect · Dissolution
28-01
State Gazette act
General meeting · Merger
Accounting effect · Dissolution
2025
21-11
State Gazette act
Board meeting · Merger
Accounting effect · Corporate purpose
17-11
State Gazette act
General meeting · Board meeting
Statutes amendment · Corporate purpose · Lars Hansen
17-11
State Gazette act
General meeting · Board meeting
Statutes amendment · Corporate purpose
19-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2020net €163,415 ▲4.7%
Operating result €218,399, net result €163,415, both a record.
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
22-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200,000Eq €290,545 ▲109%
3 profitable years in a row build equity to €290,545.
16-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100,000Eq €138,707 ▲186%
2 profitable years in a row build equity to €138,707.
05-08
State Gazette act
General meeting · Director resignation
Permanent representative · Director discharge
25-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Antwerpen · 1 establishment unit since 2020
Ground area
137 m²
Building footprint
106 m²
Volume, LiDAR
1,199 m³
Parcel 11811L3701/00X000, Flanders · tallest building 16.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Camel Q
since 20202.301.782.482
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11811L3701/00X000 | Flanders | 137 m² | 1 · 106 m² | 16.0 m · 4 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.
Structure & network
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
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Shareholding
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Ownership & control
5 board mandatesBoard mandates of this companythis company sits on their board5
Recognitions · licences · registrations
Legal Entity Identifier
98450046EF45711FDG02
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Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 15,604 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
Founded22-04-2020
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
64210Activities of holding companies
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0746463104
Also
9925:BE0746463104
Registered
20-03-2025
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.