CAMERLINCK
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 19-03-2026 PDF all 27 filings
Turnover
≈ €280,000
Estimated: probably between €150,000 and €520,000
Total assets
€247,028▲ 84.9%
2024 · €133,634
Net result
€27,192▲ 300%
2024 · €6,794
Working capital
€75,204▲ 26.0%
2024 · €59,674
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€41,414
▲ 285%
2025
20192025
Net result
€27,192
▲ 300%
2025
middle half of the sector
20192025
Equity
€75,204
▲ 26.0%
2025
middle half of the sector
20192025
Total assets
€247,028
▲ 84.9%
2025
middle half of the sector
20192025
Debt
€171,824
▲ 132%
2025
20192025
Working capital
€75,204
▲ 26.0%
2025
middle half of the sector
20192025
Solvency
30.4%
▼ 14.2pp
2025
middle half of the sector
20192025
Current ratio
1.44
▼ 0.37
2025
middle half of the sector
20192025
Return on assets (ROA)
11.0%
▲ 5.9pp
2025
middle half of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€9,039-€8,037▼ 11.1%€8,418▲ 4.7%€8,493▲ 0.9%€23,907▲ 181%€10,744▼ 55.1%€41,414▲ 285%
Net result€6,301-€5,360within the sector's middle half▼ 14.9%€5,751within the sector's middle half▲ 7.3%€5,500within the sector's middle half▼ 4.4%€16,148within the sector's middle half▲ 194%€6,794within the sector's middle half▼ 57.9%€27,192within the sector's middle half▲ 300%
Equity€70,491-€75,851within the sector's middle half▲ 7.6%€81,602within the sector's middle half▲ 7.6%€50,143within the sector's middle half▼ 38.6%€52,880within the sector's middle half▲ 5.5%€59,674within the sector's middle half▲ 12.8%€75,204within the sector's middle half▲ 26.0%
Total assets€251,148-€129,777within the sector's middle half▼ 48.3%€106,901within the sector's middle half▼ 17.6%€116,920within the sector's middle half▲ 9.4%€108,838within the sector's middle half▼ 6.9%€133,634within the sector's middle half▲ 22.8%€247,028within the sector's middle half▲ 84.9%
Debt€180,657-€53,926▼ 70.2%€25,299▼ 53.1%€66,777▲ 164%€55,958▼ 16.2%€73,960▲ 32.2%€171,824▲ 132%
Working capital€70,037-€75,851within the sector's middle half▲ 8.3%€81,602within the sector's middle half▲ 7.6%€50,143within the sector's middle half▼ 38.6%€52,880within the sector's middle half▲ 5.5%€59,674within the sector's middle half▲ 12.8%€75,204within the sector's middle half▲ 26.0%
Solvency28.1%-58.4%within the sector's middle half▲ 30.4pp76.3%above the sector's middle half▲ 17.9pp42.9%within the sector's middle half▼ 33.4pp48.6%within the sector's middle half▲ 5.7pp44.7%within the sector's middle half▼ 3.9pp30.4%within the sector's middle half▼ 14.2pp
Current ratio1.39-2.41within the sector's middle half▲ 1.024.23above the sector's middle half▲ 1.821.75within the sector's middle half▼ 2.471.94within the sector's middle half▲ 0.191.81within the sector's middle half▼ 0.141.44within the sector's middle half▼ 0.37
Return on assets (ROA)2.5%-4.1%within the sector's middle half▲ 1.6pp5.4%within the sector's middle half▲ 1.2pp4.7%within the sector's middle half▼ 0.7pp14.8%above the sector's middle half▲ 10.1pp5.1%within the sector's middle half▼ 9.8pp11.0%within the sector's middle half▲ 5.9pp
above
within
below
The sector band is the middle half of the companies in Wholesale trade (NACE 46). 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 nearly 3.9 times that of 2024 and the highest since 2021. It is a recovery after the fall in 2024.
Turnover and EBIT margin are not published. The micro 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
Equity and liabilities €247,028
Equity
€75,204 ▲ 26.0%
Debt
€171,824 ▲ 132%
Debt's share of the balance-sheet total rises from 55.3% to 69.6%. Equity and debt are higher.
Key figures and ratios
Debt to equity
2.28▲
2024 · 1.24
ROE
36.2%▲
2024 · 11.4%
Debt ≤ 1 year
€171,824▲
2024 · €73,960
Income taxes
€14,172▲
2024 · €3,418
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,622 | €454 | - | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €10,239 | €563 | €757 | €851 | ▲ 12.4% |
| Gross operating margin9900 | €14,767 | €8,610 | €9,091 | €18,732 | €24,470 | €11,501 | €42,265 | ▲ 267% |
| Operating profit (loss)9901 | €9,039 | €8,037 | €8,418 | €8,493 | €23,907 | €10,744 | €41,414 | ▲ 285% |
| Recurring financial income75 | - | - | €10 | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €45 | €202 | €532 | €50 | ▼ 90.6% |
| Recurring financial charges65 | €126 | €132 | €56 | €45 | €202 | €532 | €50 | ▼ 90.6% |
| Profit (loss) for the period before taxes9903 | €8,913 | €7,905 | €8,372 | €8,448 | €23,705 | €10,212 | €41,364 | ▲ 305% |
| Income taxes67/77 | €2,612 | €2,545 | €2,621 | €2,948 | €7,557 | €3,418 | €14,172 | ▲ 315% |
| Profit (loss) for the period9904 | €6,301 | €5,360 | €5,751 | €5,500 | €16,148 | €6,794 | €27,192 | ▲ 300% |
| Profit (loss) for the period to be appropriated9905 | €6,301 | €5,360 | €5,751 | €5,500 | €16,148 | €6,794 | €27,192 | ▲ 300% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €251,148 | €129,777 | €106,901 | €116,920 | €108,838 | €133,634 | €247,028 | ▲ 84.9% |
| Fixed assets21/28 | €454 | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €454 | - | - | - | - | - | - | - |
| Current assets29/58 | €250,694 | €129,777 | €106,901 | €116,920 | €108,838 | €133,634 | €247,028 | ▲ 84.9% |
| Stocks and contracts in progress3 | - | - | - | - | - | €806 | - | - |
| Stocks30/36 | - | - | - | - | - | €806 | - | - |
| Amounts receivable within one year40/41 | €224,218 | €104,490 | €47,448 | €65,223 | €66,002 | €107,472 | €170,180 | ▲ 58.3% |
| Trade receivables40 | - | - | - | €60,839 | €58,419 | €103,912 | €163,315 | ▲ 57.2% |
| Other amounts receivable41 | - | - | - | €4,384 | €7,583 | €3,560 | €6,865 | ▲ 92.8% |
| Cash at bank and in hand54/58 | €26,476 | €25,287 | €59,298 | €51,539 | €42,664 | €25,356 | €76,745 | ▲ 203% |
| Deferred charges and accrued income490/1 | - | - | - | €158 | €172 | - | €103 | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €251,148 | €129,777 | €106,901 | €116,920 | €108,838 | €133,634 | €247,028 | ▲ 84.9% |
| Equity10/15 | €70,491 | €75,851 | €81,602 | €50,143 | €52,880 | €59,674 | €75,204 | ▲ 26.0% |
| Contributions10/11 | €6,197 | - | - | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Reserves13 | €64,294 | €69,654 | €75,405 | €43,946 | €46,683 | €53,477 | €69,007 | ▲ 29.0% |
| Non-distributable reserves130/1 | - | - | - | €1,859 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,859 | - | - | - | - |
| Distributable reserves133 | - | - | - | €42,087 | €46,683 | €53,477 | €69,007 | ▲ 29.0% |
| Amounts payable17/49 | €180,657 | €53,926 | €25,299 | €66,777 | €55,958 | €73,960 | €171,824 | ▲ 132% |
| Amounts payable within one year42/48 | €180,657 | €53,926 | €25,299 | €66,777 | €55,958 | €73,960 | €171,824 | ▲ 132% |
| Trade debts44 | €175,552 | €44,290 | €16,550 | €49,003 | €48,366 | €69,079 | €154,668 | ▲ 124% |
| Suppliers440/4 | - | - | - | €49,003 | €48,366 | €69,079 | €154,668 | ▲ 124% |
| Taxes, remuneration and social security45 | - | - | - | €4,796 | €3,727 | €3,418 | €15,405 | ▲ 351% |
| Taxes450/3 | - | - | - | €4,796 | €3,727 | €3,418 | €15,405 | ▲ 351% |
| Other amounts payable47/48 | - | - | - | €12,978 | €3,865 | €1,463 | €1,751 | ▲ 19.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,301 | €5,360 | €5,751 | €5,500 | €16,148 | €6,794 | €27,192 | ▲ 300% |
| + Depreciation and write-downs630 | €4,622 | €454 | - | - | - | - | - | - |
| Operating cash flow (approximation) | €10,923 | €5,814 | €5,751 | €5,500 | €16,148 | €6,794 | €27,192 | ▲ 300% |
| Change in cash | - | -€1,189 | €34,011 | -€7,759 | -€8,875 | -€17,308 | €51,389 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 31,368 companies had the same profile as CAMERLINCK has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
93.5%
was still going
5.9%
stopped otherwise
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CAMERLINCK itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for CAMERLINCK. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 27 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 19-03-2026 | 2026-00063387 | |
| 30-09-2024 | micro format | 28-03-2025 | 2025-00060574 | |
| 30-09-2023 | micro format | 18-03-2024 | 2024-00044670 | |
| 30-09-2022 | micro format | 10-03-2023 | 2023-00037834 | |
| 30-09-2021 | micro format | 30-03-2022 | 2022-09200341 | |
| 30-09-2020 | micro format | 25-03-2021 | 2021-08400354 | |
| 30-09-2019 | micro format | 25-03-2020 | 2020-07500078 | |
| 30-09-2018 | micro format | 11-03-2019 | 2019-06700491 | |
| 30-09-2017 | micro format | 20-03-2018 | 2018-07100477 | |
| 30-09-2016 | abbreviated format | 13-03-2017 | 2017-06200596 |