CAMELOU
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 29-06-2026 at the NBB all 17 filings
Turnover
≈ €140,000
Estimated: probably between €100,000 and €220,000
Total assets
€1.9m▼ 7.4%
2024 · €2.0m
Net result
-€16,333▲ 81.7%
2024 · -€89,418
Working capital
-€80,591▲ 48.7%
2024 · -€157,231
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€19,951
2025
20182025
Net result
-€16,333
▲ 81.7%
2025
lowest quarter of the sector
20182025
Equity
-€204,038
▼ 8.7%
2025
lowest quarter of the sector
20182025
Total assets
€1.9m
▼ 7.4%
2025
middle half of the sector
20182025
Debt
€2.1m
▼ 6.0%
2025
20182025
Working capital
-€80,591
▲ 48.7%
2025
lowest quarter of the sector
20182025
Solvency
-10.7%
▼ 1.6pp
2025
lowest quarter of the sector
20182025
Current ratio
0.22
▲ 0.01
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
-0.9%
▲ 3.5pp
2025
lowest quarter of the sector
20182025
Staff (FTE)
0
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€0.05m--€0.008m▲ 82.1%€0.04m€0.03m▼ 27.0%€0.002m▼ 90.8%-€144-€0.04m▼ 30,220%€0.02m
Net result€0.04m-€0.001m▼ 96.3%€0.02mwithin the sector's middle half▲ 14×-€0.01mbelow the sector's middle half-€0.08mbelow the sector's middle half▼ 457%-€0.04mbelow the sector's middle half▲ 44.3%-€0.09mbelow the sector's middle half▼ 110%-€0.02mbelow the sector's middle half▲ 81.7%
Equity€0.09m-€0.1m▲ 1.4%€0.03mbelow the sector's middle half▼ 64.5%€0.02mbelow the sector's middle half▼ 40.0%-€0.06mbelow the sector's middle half-€0.1mbelow the sector's middle half▼ 76.1%-€0.2mbelow the sector's middle half▼ 91.0%-€0.2mbelow the sector's middle half▼ 8.7%
Total assets€2.1m-€2.0m▼ 3.6%€2.6mabove the sector's middle half▲ 29.7%€2.7mwithin the sector's middle half▲ 2.9%€2.5mwithin the sector's middle half▼ 6.5%€2.6mwithin the sector's middle half▲ 4.5%€2.0mwithin the sector's middle half▼ 22.2%€1.9mwithin the sector's middle half▼ 7.4%
Debt€2.0m-€1.9m▼ 3.9%€2.6m▲ 34.4%€2.7m▲ 3.5%€2.6m▼ 3.7%€2.7m▲ 6.0%€2.2m▼ 18.1%€2.1m▼ 6.0%
Working capital-€0.001m--€0.02m▼ 1,841%-€0.7mbelow the sector's middle half▼ 3,257%-€0.2mbelow the sector's middle half▲ 64.3%-€0.2mbelow the sector's middle half▲ 20.9%-€0.1mbelow the sector's middle half▲ 28.6%-€0.2mbelow the sector's middle half▼ 12.2%-€0.08mbelow the sector's middle half▲ 48.7%
Solvency4.5%-4.8%▲ 0.2pp1.3%below the sector's middle half▼ 3.5pp0.8%below the sector's middle half▼ 0.5pp-2.2%below the sector's middle half▼ 3.0pp-3.7%below the sector's middle half▼ 1.5pp-9.2%below the sector's middle half▼ 5.4pp-10.7%below the sector's middle half▼ 1.6pp
Current ratio0.99-0.77▼ 0.220.11below the sector's middle half▼ 0.660.14below the sector's middle half▲ 0.030.20below the sector's middle half▲ 0.070.37below the sector's middle half▲ 0.160.21below the sector's middle half▼ 0.160.22below the sector's middle half▲ 0.01
Return on assets (ROA)1.8%-0.1%▼ 1.7pp0.7%within the sector's middle half▲ 0.7pp-0.5%below the sector's middle half▼ 1.2pp-3.0%below the sector's middle half▼ 2.5pp-1.6%below the sector's middle half▲ 1.4pp-4.4%below the sector's middle half▼ 2.7pp-0.9%below the sector's middle half▲ 3.5pp
Staff (FTE)0.10within the sector's middle half
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). 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 profit of €19,951, after a loss of €43,748 in 2024. It is the highest result since 2021.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.9m
Fixed assets
€1.9m ▼ 6.6%
Current assets
€23,155 ▼ 44.1%
Equity and liabilities
Equity-€204,038
Debt€2.1m
Equity is negative. Debt (€2.1m) exceeds the balance-sheet total (€1.9m).
Key figures and ratios
EBITDA
€69,367▲
2024 · -€2,937
Cash flow
€33,083▲
2024 · -€48,607
Interest coverage
1.91▲
2024 · -0.07
Debt ≤ 1 year
€103,745▼
2024 · €198,618
Debt > 1 year
€2.0m▼
2024 · €2.0m
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | - | - | - | - | €412,376 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €37,193 | €3,195 | €145,444 | - | €1,726 |
| Financial fixed assets | €150,065 | - | - | €61,425 | - |
| Depreciation and write-downs of the year | €66,529 | €67,388 | €64,561 | €40,811 | €49,416 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €49,989 | €42,793 | €41,367 | €66,529 | €67,388 | €64,561 | €40,811 | €49,416 | ▲ 21.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | €10,000 | -€7,500 | -€2,500 | ▲ 66.7% |
| Other operating charges640/8 | - | - | - | €5,347 | €9,379 | €6,191 | €91,859 | €5,292 | ▼ 94.2% |
| Gross operating margin9900 | €3,548 | €51,013 | €84,054 | €98,938 | €79,249 | €80,608 | €81,422 | €72,159 | ▼ 11.4% |
| Operating profit (loss)9901 | -€47,588 | -€8,498 | €37,053 | €27,063 | €2,481 | -€144 | -€43,748 | €19,951 | - |
| Financial income75/76B | - | - | - | - | - | €47 | €347 | €0 | ▼ 100% |
| Recurring financial income75 | €100,192 | €81,685 | €48,500 | - | - | €47 | €347 | €0 | ▼ 100% |
| Financial charges65/66B | - | - | - | €40,773 | €78,818 | €42,389 | €46,017 | €36,284 | ▼ 21.2% |
| Recurring financial charges65 | €15,179 | €71,811 | €66,659 | €40,773 | €78,818 | €42,389 | €41,017 | €36,284 | ▼ 11.5% |
| Non-recurring financial charges66B | - | - | - | - | - | - | €5,000 | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | €37,425 | €1,376 | €18,894 | -€13,710 | -€76,337 | -€42,486 | -€89,418 | -€16,333 | ▲ 81.7% |
| Profit (loss) for the period9904 | €37,425 | €1,376 | €18,894 | -€13,710 | -€76,337 | -€42,486 | -€89,418 | -€16,333 | ▲ 81.7% |
| Profit (loss) for the period to be appropriated9905 | €37,425 | €1,376 | €18,894 | -€13,710 | -€76,337 | -€42,486 | -€89,418 | -€16,333 | ▲ 81.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €2.1m | €2.0m | €2.6m | €2.7m | €2.5m | €2.6m | €2.0m | €1.9m | ▼ 7.4% |
| Fixed assets21/28 | €2.0m | €2.0m | €2.5m | €2.7m | €2.5m | €2.6m | €2.0m | €1.9m | ▼ 6.6% |
| Tangible fixed assets22/27 | €0.9m | €0.8m | €1.4m | €1.4m | €1.3m | €1.4m | €0.8m | €0.8m | ▼ 5.9% |
| Land and buildings22 | - | - | - | €1.4m | €1.3m | €1.4m | €0.8m | €0.8m | ▼ 6.0% |
| Furniture and vehicles24 | - | - | - | €0.006m | €0.003m | €0.002m | €0.001m | €0.002m | ▲ 92.0% |
| Financial fixed assets28 | €1.1m | €1.1m | €1.1m | €1.3m | €1.1m | €1.1m | €1.2m | €1.1m | ▼ 7.1% |
| Current assets29/58 | €0.1m | €0.07m | €0.08m | €0.04m | €0.05m | €0.08m | €0.04m | €0.02m | ▼ 44.1% |
| Amounts receivable after more than one year29 | - | - | - | €0.02m | €0.02m | €0.005m | - | - | - |
| Other amounts receivable291 | - | - | - | €0.02m | €0.02m | €0.005m | - | - | - |
| Amounts receivable within one year40/41 | €0.02m | €0.04m | €0.07m | €0.01m | €0.02m | €0.07m | €0.03m | €0.02m | ▼ 53.9% |
| Trade receivables40 | - | - | - | €0.01m | €0.02m | €0.07m | €0.03m | €0.01m | ▼ 55.2% |
| Other amounts receivable41 | - | - | - | €0 | - | €432 | €0.004m | €0.002m | ▼ 44.5% |
| Cash at bank and in hand54/58 | €0.004m | €0.003m | €0.004m | €0.01m | €0.007m | €433 | €192 | €0.001m | ▲ 605% |
| Deferred charges and accrued income490/1 | - | - | - | €0.001m | €0.006m | €0.006m | €0.006m | €0.006m | ▼ 10.2% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €2.1m | €2.0m | €2.6m | €2.7m | €2.5m | €2.6m | €2.0m | €1.9m | ▼ 7.4% |
| Equity10/15 | €0.09m | €0.1m | €0.03m | €0.02m | -€0.06m | -€0.1m | -€0.2m | -€0.2m | ▼ 8.7% |
| Contributions10/11 | €0.1m | €0.1m | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Reserves13 | €0.01m | €0.01m | €0.01m | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | = |
| Non-distributable reserves130/1 | - | - | - | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | = |
| Reserves not available under the articles1311 | - | - | - | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | = |
| Profit (loss) carried forward14 | -€0.03m | -€0.03m | -€0.007m | -€0.01m | -€0.09m | -€0.1m | -€0.2m | -€0.2m | ▼ 7.4% |
| Amounts payable17/49 | €2.0m | €1.9m | €2.6m | €2.7m | €2.6m | €2.7m | €2.2m | €2.1m | ▼ 6.0% |
| Amounts payable after more than one year17 | €1.9m | €1.8m | €1.8m | €2.4m | €2.3m | €2.5m | €2.0m | €2.0m | ▼ 1.9% |
| Financial debts170/4 | - | - | - | €0.01m | - | - | - | €0.4m | - |
| Other amounts payable178/9 | - | - | - | €2.4m | €2.3m | €2.5m | €2.0m | €1.6m | ▼ 19.5% |
| Amounts payable within one year42/48 | €0.1m | €0.09m | €0.8m | €0.3m | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 47.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.09m | €0.09m | €0.08m | €0.05m | €0.05m | ▲ 1.8% |
| Trade debts44 | €0.01m | €0.006m | €0.01m | €0.02m | €0.02m | €0.01m | €0.02m | €0.02m | ▼ 11.0% |
| Suppliers440/4 | - | - | - | €0.02m | €0.02m | €0.01m | €0.02m | €0.02m | ▼ 11.0% |
| Taxes, remuneration and social security45 | - | - | - | €0.02m | €0.02m | €0.03m | €0.02m | €0.03m | ▲ 13.2% |
| Taxes450/3 | - | - | - | €0.02m | €0.02m | €0.03m | €0.02m | €0.02m | ▼ 4.2% |
| Remuneration and social security454/9 | - | - | - | - | - | - | €0.002m | €0.006m | ▲ 212% |
| Other amounts payable47/48 | - | - | - | €0.2m | €0.1m | €0.1m | €0.1m | €0.007m | ▼ 93.3% |
| Accrued charges and deferred income492/3 | - | - | - | €0.007m | €0.001m | €0.001m | €0.001m | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €37,425 | €1,376 | €18,894 | -€13,710 | -€76,337 | -€42,486 | -€89,418 | -€16,333 | ▲ 81.7% |
| + Depreciation and write-downs630 | €49,989 | €42,793 | €41,367 | €66,529 | €67,388 | €64,561 | €40,811 | €49,416 | ▲ 21.1% |
| Operating cash flow (approximation) | €87,413 | €44,169 | €60,261 | €52,819 | -€8,949 | €22,075 | -€48,607 | €33,083 | - |
| Investment in fixed assets (approximation) | - | -€12,965 | -€626,751 | -€187,258 | €118,435 | -€145,444 | €503,906 | €83,134 | ▼ 83.5% |
| Change in cash | - | -€250 | €255 | €6,576 | -€3,517 | -€6,228 | -€242 | €1,159 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 29-06-2026 | 2026-00210686 | |
| 31-12-2024 | abbreviated format | 24-06-2025 | 2025-00219186 | |
| 31-12-2023 | abbreviated format | 01-07-2024 | 2024-00210166 | |
| 31-12-2022 | abbreviated format | 17-01-2024 | 2024-00003742 | |
| 31-12-2021 | abbreviated format | 10-10-2022 | 2022-20455486 | |
| 31-12-2020 | abbreviated format | 31-08-2021 | 2021-58600012 | |
| 31-12-2019 | abbreviated format | 30-10-2020 | 2020-69300483 | |
| 31-12-2018 | abbreviated format | 30-08-2019 | 2019-61000310 | |
| 31-12-2017 | full format | 06-08-2018 | 2018-42700003 | |
| 31-12-2016 | micro format | 27-09-2017 | 2017-62700030 |