CAMFISC
ActiveSummary
CAMFISC has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €178k and a net result of €40k. Equity is growing by ~15.6% per year across the filed fiscal years. Its solvency ranks better than 22% of 3307 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▼-22
Solvency38▼-43
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity short (current ratio 0.81 against 2.33 in 2024; short-term debt: 73.7% and cash: 7.1% of total assets), and 86.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six 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 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← 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
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
13.1%
Return on assets
3%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 3307 sector peers (2025).
NBB · sector comparisonPosition among 3307 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 03-02-2026, 3 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
3 d late
2024
3 d late
2023
2 d early
2022
1 d early
2021
11 d early
2020
5 d late
2019
21 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€178k▼ 79.9%
2024 · €884k
Total assets
€1.36M▼ 13.3%
2024 · €1.57M
Net result
€40k▼ 87.4%
2024 · €320k
Working capital
€-191k
2024 · €565k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€150k▼ 11.5%€134k▼ 11.0%€99k▼ 25.6%€412k▲ 315%€153k▼ 62.8%
Net result€114k▲ 99.9%€62k▼ 45.1%€49k▼ 21.9%€320k▲ 557%€40k▼ 87.4%
Equity€453k▲ 33.6%€515k▲ 13.8%€564k▲ 9.5%€884k▲ 56.8%€178k▼ 79.9%
Total assets€1.63M▲ 9.7%€1.82M▲ 12.0%€1.83M▲ 0.3%€1.57M▼ 14.1%€1.36M▼ 13.3%
Debt€1.17M▲ 2.6%€1.21M▲ 2.8%€1.11M▼ 7.8%€686k▼ 38.4%€1.18M▲ 72.5%
Working capital€791k▲ 26.6%€957k▲ 20.9%€1.08M▲ 12.7%€565k▼ 47.6%€-191k
Staff (FTE)3.4▼ 12.8%2.7▼ 20.6%3.2▲ 18.5%3.9▲ 21.9%3.9=
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 63% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.36M
Fixed assets
€550k ▼ 5.3%
Current assets
€812k ▼ 18.0%
Equity and liabilities €1.36M
Equity
€178k ▼ 79.9%
Debt
€1.18M ▲ 72.5%
Debt's share of the balance-sheet total rises from 43.7% to 86.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€322k▼
2024 · €485k
Cash flow
€209k▼
2024 · €393k
Current ratio
0.81▼
2024 · 2.33
Debt to equity
6.66▲
2024 · 0.78
ROE
22.8%▼
2024 · 36.2%
ROA
3.0%▼
2024 · 20.4%
Interest coverage
9.40▼
2024 · 23.37
Debt ≤ 1 year
€1.00M▲
2024 · €425k
Debt > 1 year
€181k▼
2024 · €261k
Income taxes
€79k▲
2024 · €71k
Staff costs
€249k▲
2024 · €207k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €1k | - |
| Remuneration, social security and pensions62 | - | €162k | €175k | €207k | €249k | ▲ 20.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €77k | €51k | €55k | €73k | €169k | ▲ 131% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €67k | - | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €100k | €150k | - | - | - |
| Other operating charges640/8 | - | €1k | €2k | €3k | €10k | ▲ 281% |
| Non-recurring operating charges66A | - | - | - | €1k | - | - |
| Gross operating margin9900 | €438k | €515k | €482k | €696k | €582k | ▼ 16.4% |
| Operating profit (loss)9901 | €150k | €134k | €99k | €412k | €153k | ▼ 62.8% |
| Financial charges65/66B | - | €22k | €18k | €21k | €34k | ▲ 62.6% |
| Recurring financial charges65 | €12k | €22k | €18k | €21k | €34k | ▲ 65.0% |
| Non-recurring financial charges66B | - | - | - | €300 | - | - |
| Profit (loss) for the period before taxes9903 | €138k | €111k | €81k | €391k | €119k | ▼ 69.6% |
| Income taxes67/77 | €24k | €49k | €32k | €71k | €79k | ▲ 10.7% |
| Profit (loss) for the period9904 | €114k | €62k | €49k | €320k | €40k | ▼ 87.4% |
| Profit (loss) for the period to be appropriated9905 | €114k | €62k | €49k | €320k | €40k | ▼ 87.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.63M | €1.82M | €1.83M | €1.57M | €1.36M | ▼ 13.3% |
| Formation expenses20 | €0 | - | - | €0 | €0 | - |
| Fixed assets21/28 | €413k | €387k | €369k | €580k | €550k | ▼ 5.3% |
| Intangible fixed assets21 | €455 | - | - | €51k | €197k | ▲ 285% |
| Tangible fixed assets22/27 | €410k | €385k | €369k | €529k | €352k | ▼ 33.4% |
| Land and buildings22 | - | €375k | €360k | €507k | €321k | ▼ 36.6% |
| Plant, machinery and equipment23 | - | €9k | €7k | €21k | €25k | ▲ 18.4% |
| Furniture and vehicles24 | - | - | €2k | €1k | €6k | ▲ 429% |
| Financial fixed assets28 | €2k | €2k | - | - | - | - |
| Current assets29/58 | €1.21M | €1.44M | €1.46M | €990k | €812k | ▼ 18.0% |
| Amounts receivable after more than one year29 | - | - | €500k | €440k | - | - |
| Other amounts receivable291 | - | - | €500k | €440k | - | - |
| Amounts receivable within one year40/41 | €563k | €946k | €319k | €278k | €713k | ▲ 156% |
| Trade receivables40 | - | €228k | €299k | €278k | €604k | ▲ 117% |
| Other amounts receivable41 | - | €718k | €21k | €0 | €108k | - |
| Cash at bank and in hand54/58 | €651k | €489k | €639k | €269k | €97k | ▼ 63.9% |
| Deferred charges and accrued income490/1 | - | - | - | €3k | €2k | ▼ 46.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.63M | €1.82M | €1.83M | €1.57M | €1.36M | ▼ 13.3% |
| Equity10/15 | €453k | €515k | €564k | €884k | €178k | ▼ 79.9% |
| Contributions10/11 | - | €20k | €20k | €20k | €8k | ▼ 60.3% |
| Reserves13 | €76k | €76k | €76k | €76k | €30k | ▼ 60.3% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | €74k | €74k | €76k | €30k | ▼ 60.3% |
| Profit (loss) carried forward14 | €357k | €419k | €468k | €788k | €140k | ▼ 82.3% |
| Provisions and deferred taxes16 | - | €100k | €150k | - | - | - |
| Provisions for liabilities and charges160/5 | - | €100k | €150k | - | - | - |
| Other liabilities and charges164/5 | - | €100k | €150k | - | - | - |
| Amounts payable17/49 | €1.17M | €1.21M | €1.11M | €686k | €1.18M | ▲ 72.5% |
| Amounts payable after more than one year17 | €238k | €213k | €188k | €261k | €181k | ▼ 30.8% |
| Financial debts170/4 | - | €213k | €188k | €261k | €181k | ▼ 30.8% |
| Amounts payable within one year42/48 | €422k | €478k | €381k | €425k | €1.00M | ▲ 136% |
| Current portion of amounts payable after more than one year42 | - | €149k | €155k | €171k | €125k | ▼ 27.0% |
| Trade debts44 | €225k | €300k | €186k | €207k | €848k | ▲ 309% |
| Suppliers440/4 | - | €300k | €186k | €207k | €848k | ▲ 309% |
| Taxes, remuneration and social security45 | - | €29k | €40k | €46k | €30k | ▼ 35.7% |
| Taxes450/3 | - | €3k | €5k | €22k | - | - |
| Remuneration and social security454/9 | - | €26k | €35k | €25k | €30k | ▲ 21.3% |
| Accrued charges and deferred income492/3 | - | €515k | €545k | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €114k | €62k | €49k | €320k | €40k | ▼ 87.4% |
| + Depreciation and write-downs630 | €77k | €51k | €55k | €73k | €169k | ▲ 131% |
| Operating cash flow (approximation) | €191k | €114k | €104k | €393k | €209k | ▼ 46.8% |
| Investment in fixed assets (approximation) | - | €-25k | €-37k | €-284k | €-138k | ▲ 51.4% |
| Change in cash | - | €-162k | €150k | €-370k | €-172k | ▲ 53.6% |
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
30-03
State Gazette act
Incorporation · Demerger
Founding capital · Share issue · TACK Jessica
03-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 3 days late
30-01
State Gazette act
Demerger · Corporate purpose
Capital · Share issue
2025
03-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 3 days late
2024
30-06
Financial
Highest result since 2019net €320k ▲557%
Operating result €412k, net result €320k, both a record.
29-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Equity above €500kEq €515k ▲13.8%
4 profitable years in a row build equity to €515k.
20-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
05-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 5 days late
2020
10-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
11-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
09-02
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 9 days late
2017
04-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Zulte · 3 establishment units since 2009
Ground area
3,098 m²
Building footprint
1,080 m²
Volume, LiDAR
6,401 m³
3 parcels, Flanders · tallest building 25.7 m, ±6 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
3 establishment units
CAMFISC BV BVBA
since 20092.177.269.918
CAMFISC BV BVBA
since 20112.204.664.203
Camfisc
since 20232.352.373.526
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44050B1219/00R004 | Flanders | 1,224 m² | 1 · 222 m² | 13.9 m · 3 fl. |
| 44806F0622/00M021 | Flanders | 1,189 m² | 1 · 545 m² | - |
| 31334B0816/00A000 | Flanders | 684 m² | 1 · 313 m² | 25.7 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 2,397 EUR awarded · 2,398 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 68 EUR | 68 EUR |
| 2024 | 1 | 1,844 EUR | 1,844 EUR |
| 2023 | 1 | 0 EUR | 83 EUR |
| 2022 | 1 | 485 EUR | 403 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
8945004Y5DZ1K798JU35
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Of 12,173 companies in sector 69201 we hold annual accounts for 7,638. 6,485 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
Founded04-02-2000
Fiscal year end30-06
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
Scores and ratios are computed by Checked and are not a credit decision.