CAMICOL
ActiveSummary
CAMICOL has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.2m and a net result of €49,960. Equity has been growing by about 21% per year since 2019. Its solvency ranks better than 95% of 12,775 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 13-08-2014 Normal situation
- Activity
- Retail trade NACE 47511and 3 others
- Establishment unit
- 2.233.757.570 9771 Kruisem, since 13-08-2014
- Financial year end
- 31 December
- Peppol
- Reachable since 17-02-2026
Board and ownership
- Camille HaspeslaghDirector · since 24-12-2024
- JLcoDirector · since 24-12-2024 · permanent representative Thomas Van Biervliet
- JLco100%· score 532024 annual accounts of JLco
- Holdings
- Shares in 1 company Miraxo Limited Ltd.
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
- Gross margin
- €197,999
- Turnover
- ≈ €1.1m
- estimated
- Profit
- €49,960
- Equity
- €3.2m
- Total assets
- €3.3m
Score breakdownraises risk1 change of registered office in 24 monthsLiquidity: current ratio 26.48, cash €62,842, halvedlowers riskFigures for financial year 2025 (filed on 16-07-2026)Size: total assets €3.3mShow the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, small). It does better than 95% of them on solvency, 69% on liquidity and 31% on profitability.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 3 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (1)
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 16-07-2026 at the NBB all 9 filings
Every figure per financial year
The operating result for 2025 is a loss of €183, after a profit of €303,607 in 2024. It is the lowest result since 2021.
- 2025 Net result -98% on 2024. This financial year ran 18 months, the previous one 12.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | €8,201 | €4,420 | - | - |
| Intangible fixed assets | €40,264 | €1,800 | - | €64,439 |
| Depreciation and write-downs of the year | €9,209 | €17,543 | €16,471 | €19,866 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €0.1m | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | - | - | €0.03m | €0.05m | €0.1m | €0.2m | ▲ 20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.03m | €0.03m | €0.01m | €0.009m | €0.02m | €0.02m | €0.02m | ▲ 20.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0 | - | -€0.06m | €0 | - |
| Other operating charges640/8 | - | - | - | €0.1m | €0.02m | €0.003m | €0.006m | ▲ 144% |
| Non-recurring operating charges66A | - | - | - | - | - | €0.03m | €0 | ▼ 100% |
| Gross operating margin9900 | €0.2m | €0.2m | €0.4m | €0.3m | €0.3m | €0.4m | €0.2m | ▼ 54.2% |
| Operating profit (loss)9901 | €0.05m | €0.05m | €0.2m | €0.1m | €0.2m | €0.3m | -€183 | - |
| Financial income75/76B | - | - | - | €0.001m | €0.001m | €2.1m | €0.06m | ▼ 97.2% |
| Recurring financial income75 | €0.001m | €0.001m | €0.003m | €0.001m | €0.001m | €0.02m | €0.06m | ▲ 203% |
| Non-recurring financial income76B | - | - | - | - | - | €2.0m | €0 | ▼ 100% |
| Financial charges65/66B | - | - | - | €0.01m | €0.01m | €0.005m | €0.006m | ▲ 25.7% |
| Recurring financial charges65 | €0.004m | €0.009m | €0.01m | €0.01m | €0.01m | €0.005m | €0.006m | ▲ 25.7% |
| Profit (loss) for the period before taxes9903 | €0.05m | €0.04m | €0.2m | €0.1m | €0.2m | €2.4m | €0.05m | ▼ 97.8% |
| Income taxes67/77 | €0.02m | €0.01m | €0.05m | €0.03m | €0.06m | €0.08m | €0.002m | ▼ 96.9% |
| Profit (loss) for the period9904 | €0.03m | €0.02m | €0.2m | €0.08m | €0.1m | €2.3m | €0.05m | ▼ 97.8% |
| Profit (loss) for the period to be appropriated9905 | €0.03m | €0.02m | €0.2m | €0.08m | €0.1m | €2.3m | €0.05m | ▼ 97.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €1.0m | €1.2m | €1.3m | €1.7m | €1.4m | €3.3m | €3.3m | ▲ 1.1% |
| Fixed assets21/28 | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.02m | €0.06m | ▲ 252% |
| Intangible fixed assets21 | €0.002m | €0.006m | €0.004m | €0.04m | €0.03m | €0.02m | €0.06m | ▲ 252% |
| Tangible fixed assets22/27 | €0.05m | €0.02m | €0.05m | €0.06m | €0.05m | €0 | - | - |
| Land and buildings22 | - | - | - | €0.05m | €0.04m | €0 | - | - |
| Plant, machinery and equipment23 | - | - | - | €0.002m | €0.004m | €0 | - | - |
| Furniture and vehicles24 | - | - | - | €0.009m | €0.01m | €0 | - | - |
| Financial fixed assets28 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0 | - | - |
| Current assets29/58 | €0.6m | €0.8m | €0.9m | €1.2m | €1.0m | €3.3m | €3.2m | ▼ 0.2% |
| Stocks and contracts in progress3 | €0.4m | €0.6m | €0.5m | €0.7m | €0.6m | €0.5m | €0.2m | ▼ 55.1% |
| Stocks30/36 | - | - | - | €0.7m | €0.6m | €0.5m | €0.2m | ▼ 55.1% |
| Amounts receivable within one year40/41 | €0.03m | €0.1m | €0.3m | €0.3m | €0.05m | €2.5m | €2.9m | ▲ 15.8% |
| Trade receivables40 | - | - | - | €0.2m | €0.03m | €0.09m | €0.1m | ▲ 41.4% |
| Other amounts receivable41 | - | - | - | €0.02m | €0.02m | €2.4m | €2.7m | ▲ 14.8% |
| Cash at bank and in hand54/58 | €0.08m | €0.1m | €0.1m | €0.3m | €0.3m | €0.2m | €0.06m | ▼ 71.0% |
| Deferred charges and accrued income490/1 | - | - | - | - | €0.005m | €0.002m | €0.06m | ▲ 28× |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €1.0m | €1.2m | €1.3m | €1.7m | €1.4m | €3.3m | €3.3m | ▲ 1.1% |
| Equity10/15 | €0.5m | €0.5m | €0.7m | €0.8m | €0.9m | €3.2m | €3.2m | = |
| Contributions10/11 | €0.3m | - | - | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Reserves13 | €0.03m | €0.06m | €0.06m | €0.1m | €0.3m | €0.3m | €0.3m | = |
| Non-distributable reserves130/1 | - | - | - | €0.1m | €0.003m | €0 | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.1m | €0.003m | €0 | - | - |
| Distributable reserves133 | - | - | - | - | €0.3m | €0.3m | €0.3m | = |
| Profit (loss) carried forward14 | €0.1m | €0.1m | €0.3m | €0.3m | €0.3m | €2.6m | €2.6m | = |
| Amounts payable17/49 | €0.4m | €0.6m | €0.6m | €0.9m | €0.5m | €0.09m | €0.1m | ▲ 42.8% |
| Amounts payable within one year42/48 | €0.4m | €0.6m | €0.6m | €0.9m | €0.5m | €0.09m | €0.1m | ▲ 42.8% |
| Financial debts43 | - | - | - | - | - | - | €0.05m | - |
| Credit institutions430/8 | - | - | - | - | - | - | €0.05m | - |
| Trade debts44 | €0.4m | €0.6m | €0.07m | €0.1m | €0.1m | €0.08m | €0.02m | ▼ 77.5% |
| Suppliers440/4 | - | - | - | €0.1m | €0.1m | €0.08m | €0.02m | ▼ 77.5% |
| Taxes, remuneration and social security45 | - | - | - | €0.05m | €0.06m | €0.01m | €0.005m | ▼ 45.3% |
| Taxes450/3 | - | - | - | €0.05m | €0.06m | €0.01m | €0.005m | ▼ 45.3% |
| Other amounts payable47/48 | - | - | - | €0.7m | €0.3m | €0 | €0.05m | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.03m | €0.02m | €0.2m | €0.08m | €0.1m | €2.3m | €0.05m | ▼ 97.8% |
| + Depreciation and write-downs630 | €0.03m | €0.03m | €0.01m | €0.009m | €0.02m | €0.02m | €0.02m | ▲ 20.6% |
| Operating cash flow (approximation) | €0.06m | €0.05m | €0.2m | €0.09m | €0.1m | €2.3m | €0.07m | ▼ 97.0% |
| Investment in fixed assets (approximation) | - | -€0.006m | -€0.04m | -€0.05m | -€0.006m | €0.4m | -€0.06m | - |
| Change in cash | - | €0.03m | €0.01m | €0.2m | €0.06m | -€0.1m | -€0.2m | ▼ 31.5% |
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, 6,049 companies had the same profile as CAMICOL has now. Two years later, 96.0% were still going and 0.4% had gone bankrupt.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
That fits the bankruptcy probability of CAMICOL itself: 0.2% 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 6,049 companies, not a prediction for CAMICOL. 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.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 16-07-2026 | 2026-00320310 | |
| 30-06-2024 | abbreviated format | 19-12-2024 | 2024-00620090 | |
| 30-06-2023 | abbreviated format | 30-01-2024 | 2024-00013769 | |
| 30-06-2022 | abbreviated format | 28-02-2023 | 2023-00032880 | |
| 30-06-2021 | abbreviated format | 21-02-2022 | 2022-06100038 | |
| 30-06-2020 | abbreviated format | 16-03-2021 | 2021-07700222 | |
| 30-06-2019 | abbreviated format | 16-01-2020 | 2020-01500354 | |
| 30-06-2018 | abbreviated format | 03-01-2019 | 2019-00200419 | |
| 30-06-2017 | abbreviated format | 31-01-2018 | 2018-03600589 |
Board & ownership
Directors
Board 2
Permanent representatives 1
Owners and capital
Shareholders
1 ownerChain of control
- JLco
- CAMICOL
Owners 1
- JLcoparentSourceaccounts JLco 2024Equity €208,869 Profit of €1,414 in 2024 (loss of €112,969 in 2023) Checked score 53100%
Capital transactions
- 25-06-2025 Capital stated in the deed · 245 shares
- 24-08-2023 Converted to unavailable equity
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Camille Haspeslagh |
|
| JLco |
|
| Alain Puystiens |
|
| Céline Vanden Broecke |
|
Articles of association
- Share issue ruleThe articles set how and by whom new shares are issued.
- “Voorkeurrecht aan eigenaar-pandgever, ten minste vijftien dagen te rekenen van dag openstelling inschrijving”
Articles of association, deed of 25-06-2025 (in Dutch)
Network & group
Holdings and subsidiaries
1 holdingHoldings 1
-
100%
Connections & network
2 current directorsThe board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
Timeline
Acts, filings and financial milestones
25-06
Gazette deed
Registered office moved to KruisemIncorporation · Amendment of the articles · Capital8 points ▸
- General meeting, 20-06-2025, “Buitengewone Algemene Vergadering van de Vennoten” (deed in Dutch)
- Incorporation, 15-07-2014
- Other provision, “statutenwijzigingen geschiedenis, Buitengewone Algemene Vergadering der Vennoten” (deed in Dutch)
- Other provision, “statuten ongewijzigd sinds laatste wijziging” (deed in Dutch)
- Registered-office move, Koninginnestraat (Nok) 2,9771 Kruisem
- Amendment of the articles
- Capital
- Power of attorney, Stephan MOURISSE
30-01
Gazette deed
Registered office moved from Koksijde to KruisemResignations: Alain Puystiens (director) and Céline Vanden Broecke (director) · Appointments: BV JLco (director) and Camille Haspeslagh (director) · Permanent representative: Thomas Van Biervliet8 points ▸
- General meeting, 24-12-2024
- Director resignation, Alain Puystiens (director)
- Director resignation, Céline Vanden Broecke (director)
- Director appointment, BV JLco (director)
- Director appointment, Camille Haspeslagh (director)
- Permanent representative, Thomas Van Biervliet
- Board meeting, 24-12-2024
- Registered-office move, Koninginnestraat 2, 9771 Kruisem
24-08
Gazette deed
Amendment of the articles · Legal-form change · Resignations & appointmentsCapital · Power of attorney · Capital conversion7 points ▸
- Capital
- Power of attorney
- Power of attorney, Arne De Geeter
- General meeting, 31-07-2023
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Other provision, “opheffing statutair onbeschikbare eigen vermogensrekening, opheffing” (deed in Dutch)
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
1 former office
- Lobeliastraat 4, 8670 Koksijde until 24-12-2024 · act of 30-01-2025
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 45031A0987/00A000 | Flanders | 3,848 m² | 1 · 261 m² | 10.2 m · 1 |