CAMELEON
ActiveCAMELEON has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €213k and a net result of €22k. Equity is growing by ~16.8% per year across the filed fiscal years. Its solvency ranks better than 53% of 36373 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
78
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability75▲+4
Solvency74▲+3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 2.32 against 2.92 in 2023; short-term debt: 16.7% and cash: 37.9% of total assets), but 51.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-07-2025, 13 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
13 d early
2023
54 d late
2022
21 d early
2021
61 d late
2020
3 d early
2019
32 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€213k▲ 11.0%
2023 · €192k
2018: €72k
2019: €84k
2020: €100k
2021: €146k
2022: €184k
2023: €192k
2018 → 2024
Total assets
€436k▲ 3.8%
2023 · €420k
2018: €115k
2019: €115k
2020: €132k
2021: €366k
2022: €428k
2023: €420k
2018 → 2024
Net result
€22k▲ 157%
2023 · €9k
2018: €31k
2019: €12k
2020: €16k
2021: €52k
2022: €45k
2023: €9k
2018 → 2024
Working capital
€96k▼ 34.7%
2023 · €147k
2018: €68k
2019: €66k
2020: €87k
2021: €143k
2022: €190k
2023: €147k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€100k-€146k▲ 45.1%€184k▲ 26.4%€192k▲ 4.2%€213k▲ 11.0%
Operating result€24k-€73k▲ 203%€64k▼ 12.5%€12k▼ 80.8%€32k▲ 164%
Net result€16k-€52k▲ 222%€45k▼ 13.0%€9k▼ 81.1%€22k▲ 157%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 164% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €436k
Fixed assets
€267k▲ 36.5%
Current assets
€169k▼ 24.6%
Equity and liabilities €436k
Equity
€213k▲ 11.0%
Debt
€223k▼ 2.2%
The debt ratio falls from 54.3% to 51.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€43k▲
2023 · €23k
Cash flow
€32k▲
2023 · €19k
Solvency
48.9%▲
2023 · 45.7%
Current ratio
2.32▼
2023 · 2.92
Quick ratio
2.32▼
2023 · 2.57
Debt / equity
1.05▼
2023 · 1.19
ROE
10.3%▲
2023 · 4.5%
ROA
5.0%▲
2023 · 2.0%
Interest coverage
53.13▼
2023 · 244.92
Debt
€223k▼
2023 · €228k
Debt ≤ 1 year
€73k▼
2023 · €77k
Debt > 1 year
€150k=
2023 · €150k
Income taxes
€10k▲
2023 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€420k€436k▲
Fixed assets21/28€196k€267k▲
Tangible fixed assets22/27€195k€267k▲
Plant, machinery and equipment23€256€20▼
Furniture and vehicles24€20k€15k▼
Other tangible fixed assets26€175k€252k▲
Financial fixed assets28€475-
Current assets29/58€224k€169k▼
Stocks and contracts in progress3€26k-
Contracts in progress37€26k-
Amounts receivable within one year40/41€2k€3k▲
Trade receivables40-€3k
Other amounts receivable41€2k-
Cash at bank and in hand54/58€195k€165k▼
Deferred charges and accrued income490/1€1k€1k▼
Equity and liabilities
Total equity and liabilities10/49€420k€436k▲
Equity10/15€192k€213k▲
Contributions10/11€12k€12k=
Reserves13€180k€201k▲
Distributable reserves133€180k€201k▲
Amounts payable17/49€228k€223k▼
Amounts payable after more than one year17€150k€150k=
Financial debts170/4€150k€150k=
Amounts payable within one year42/48€77k€73k▼
Trade debts44€11k€16k▲
Suppliers440/4€11k€16k▲
Advances received on contracts in progress46€6k-
Taxes, remuneration and social security45€24k€21k▼
Taxes450/3€23k€14k▼
Remuneration and social security454/9€1k€7k▲
Other amounts payable47/48€36k€36k▲
Accrued charges and deferred income492/3€924-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€10k▼
Other operating charges640/8€2k€1k▼
Gross operating margin9900€25k€44k▲
Operating profit (loss)9901€12k€32k▲
Financial income75/76B€629€372▼
Recurring financial income75€629€372▼
Financial charges65/66B€93€804▲
Recurring financial charges65€93€804▲
Profit (loss) for the period before taxes9903€13k€32k▲
Income taxes67/77€4k€10k▲
Profit (loss) for the period9904€9k€22k▲
Profit (loss) for the period to be appropriated9905€9k€22k▲
Appropriation of the result
Profit (loss) to be appropriated9906€9k€22k▲
Transfer to equity691/2€8k€21k▲
To other reserves6921€8k€21k▲
Profit to be distributed694/7€800€859▲
Return on contributions (dividend)694€800€859▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €200kEq €213k ▲11%
7 profitable years in a row build equity to €213k.
23-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 54 days late
2023
31-12
Financial
Weakest financial yearnet €9k ▼81.1%
Net result drops to €9k, the lowest in the series; recovery starts the following year.
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150kEq €184k ▲26.4%
5 profitable years in a row build equity to €184k.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
31-12
Financial
Highest result since 2018net €52k ▲222%
Operating result €73k, net result €52k, both a record.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €100kEq €100k ▲19.2%
3 profitable years in a row build equity to €100k.
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
07-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 68 days late
2018
01-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 62 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2023
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
23-10-2023
Resigned as Manager
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2010
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Kasteellaan 569000 GentGround area
293 m²
Building footprint
148 m²
Volume, LiDAR
1,957 m³
2 parcels, Flanders · tallest building 20.1 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Cameleon
since 20102.193.417.547
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44804D3665/00L002 | Flanders | 260 m² | 1 · 115 m² | 20.1 m · 5 fl. |
| 44804D2718/00B027 | Flanders | 33 m² | 1 · 33 m² | 14.9 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
CV DECOR
BE 0540.597.430
Sambreville · Eq €213k
TWIN PAINT
BE 0867.752.595
Geel · Eq €213k
MYNCKE DECOR
BE 0473.177.876
Gent · Eq €214k
MERTENS INTERIEUR
BE 0787.497.963
Hoogstraten · Eq €214k
FULL WOOD COLORS
BE 0811.769.145
Wavre · Eq €212k
Of 7,861 companies in sector 43341 we hold annual accounts for 2,664. 2,014 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-10-2010
Fiscal year end31-12
Activities, NACEBEL
43341Painting of buildings
43331Floor and wall tiling
43992Specialised construction activities
46130Agents in the wholesale of timber and building materials
71112Activities of interior architects
81220Other building cleaning and industrial cleaning
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.