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CAMELCASE

Active
Private limited companyfounded 2024active for 1 yearAvenue du Printemps 21, 1410 Waterloo, BelgiumKBO/BCE: BE 1018.073.693
Summary

CAMELCASE has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €66,391 and a net result of €62,313. Its solvency ranks better than 82% of 21,007 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Financials · financial year 2025, micro format

Equity
€66,391▲ 1,252%
2024 · €4,911
Total assets
€77,578▲ 870%
2024 · €8,000
Net result
€62,313
2024 · -€3,089
Working capital
€43,523▲ 786%
2024 · €4,911
Trend over the years

2024 to 2025, 2 financial years

The operating result returns to profit in 2025: €77,883 after a loss of €3,089 in 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€77,883 2025 Net result€62,313 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 62, Computer programming, consultancy and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20242025
Operating result-€3,089-€77,883
Net result-€3,089below the sector's middle half-€62,313above the sector's middle half
Equity€4,911below the sector's middle half-€66,391within the sector's middle half▲ 1,252%
Total assets€8,000below the sector's middle half-€77,578within the sector's middle half▲ 870%
Debt€3,089-€11,187▲ 262%
Working capital€4,911below the sector's middle half-€43,523within the sector's middle half▲ 786%
Solvency61.4%within the sector's middle half-85.6%above the sector's middle half▲ 24.2pp
Current ratio2.59within the sector's middle half-4.90within the sector's middle half▲ 2.31
Return on assets (ROA)-38.6%below the sector's middle half-80.3%above the sector's middle half▲ 118.9pp
above within below the middle half of NACE 62, Computer programming, consultancy and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €77,578
Fixed assets €22,889
Current assets €54,689
Equity and liabilities €77,578
Equity €66,391 ▲ 1,252%
Debt €11,187 ▲ 262%
Debt's share of the balance-sheet total falls from 38.6% to 14.4%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€80,550
Cash flow
€64,980
Debt to equity
0.17▼
2024 · 0.63
ROE
93.9%▲
2024 · -62.9%
Interest coverage
over 100
Debt ≤ 1 year
€11,166▲
2024 · €3,089
Income taxes
€15,563
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 11,280 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 96.6% are still going.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
2.6% stopped otherwise
96.6% still going

For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.8%
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 74.5% 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 11,280 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet Code20242025
Assets
Total assets20/58€8,000€77,578▲
Fixed assets21/28-€22,889
Tangible fixed assets22/27-€22,889
Furniture and vehicles24-€22,889
Current assets29/58€8,000€54,689▲
Amounts receivable within one year40/41€8,000€20,311▲
Trade receivables40-€18,373
Other amounts receivable41€8,000€1,937▼
Cash at bank and in hand54/58-€34,280
Deferred charges and accrued income490/1-€99
Equity and liabilities
Total equity and liabilities10/49€8,000€77,578▲
Equity10/15€4,911€66,391▲
Contributions10/11€8,000€8,000=
Reserves13-€58,000
Distributable reserves133-€58,000
Profit (loss) carried forward14-€3,089€391▲
Amounts payable17/49€3,089€11,187▲
Amounts payable within one year42/48€3,089€11,166▲
Trade debts44€2,339€1,638▼
Suppliers440/4€2,339€1,638▼
Taxes, remuneration and social security45-€6,628
Taxes450/3-€6,628
Other amounts payable47/48€750€2,900▲
Accrued charges and deferred income492/3-€21
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€2,667
Gross operating margin9900-€3,089€80,550▲
Operating profit (loss)9901-€3,089€77,883▲
Financial charges65/66B-€7
Recurring financial charges65-€7
Profit (loss) for the period before taxes9903-€3,089€77,876▲
Income taxes67/77-€15,563
Profit (loss) for the period9904-€3,089€62,313▲
Profit (loss) for the period to be appropriated9905-€3,089€62,313▲
Appropriation of the result
Profit (loss) to be appropriated9906-€3,089€59,224▲
Profit (loss) brought forward from the previous period14P--€3,089
Transfer to equity691/2-€58,000
To other reserves6921-€58,000
Profit to be distributed694/7-€833
Return on contributions (dividend)694-€833

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€2,667-
Gross operating margin9900-€3,089€80,550-
Operating profit (loss)9901-€3,089€77,883-
Financial charges65/66B-€7-
Recurring financial charges65-€7-
Profit (loss) for the period before taxes9903-€3,089€77,876-
Income taxes67/77-€15,563-
Profit (loss) for the period9904-€3,089€62,313-
Profit (loss) for the period to be appropriated9905-€3,089€62,313-
Line20242025Change
Assets
Total assets20/58€8,000€77,578▲ 870%
Fixed assets21/28-€22,889-
Tangible fixed assets22/27-€22,889-
Furniture and vehicles24-€22,889-
Current assets29/58€8,000€54,689▲ 584%
Amounts receivable within one year40/41€8,000€20,311▲ 154%
Trade receivables40-€18,373-
Other amounts receivable41€8,000€1,937▼ 75.8%
Cash at bank and in hand54/58-€34,280-
Deferred charges and accrued income490/1-€99-
Equity and liabilities
Total equity and liabilities10/49€8,000€77,578▲ 870%
Equity10/15€4,911€66,391▲ 1,252%
Contributions10/11€8,000€8,000=
Reserves13-€58,000-
Distributable reserves133-€58,000-
Profit (loss) carried forward14-€3,089€391-
Amounts payable17/49€3,089€11,187▲ 262%
Amounts payable within one year42/48€3,089€11,166▲ 261%
Trade debts44€2,339€1,638▼ 30.0%
Suppliers440/4€2,339€1,638▼ 30.0%
Taxes, remuneration and social security45-€6,628-
Taxes450/3-€6,628-
Other amounts payable47/48€750€2,900▲ 287%
Accrued charges and deferred income492/3-€21-
Line20242025Change
Profit (loss) for the period9904-€3,089€62,313-
+ Depreciation and write-downs630-€2,667-
Operating cash flow (approximation)-€3,089€64,980-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (2)
Financial year Type Filed Reference
31-12-2025 micro format 10-06-2026 2026-00153137
31-12-2024 micro format 06-03-2025 2025-00044874

Similar companies · same sector, comparable size

Of the 29,849 active companies whose main activity is computer consultancy and computer facilities management (NACE 62200), figures are known for 18,795. 15,849 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.