CAMMASA
ActiveCAMMASA has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €376k and a net result of €95k. Equity is growing by ~17.6% per year across the filed fiscal years. Its solvency ranks better than 73% of 3668 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2025
74
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability86▲+59
Solvency78▼-1
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity tight (current ratio 1.37 against 1.32 in 2024; short-term debt: 43.8% and cash: 40.6% of total assets), and 47.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
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
52.9%
Return on assets
13.4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 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 · 8 filingsDeviation from the deadline
2025
20 d late
2024
27 d late
2023
29 d late
2022
28 d late
2021
25 d late
2020
60 d late
2019
24 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€376k▲ 14.5%
2024 · €328k
2018: €21k
2019: €30k
2020: €118k
2021: €295k
2022: €294k
2023: €377k
2024: €328k
2018 → 2025
Total assets
€710k▲ 16.7%
2024 · €608k
2018: €202k
2019: €212k
2020: €212k
2021: €633k
2022: €645k
2023: €735k
2024: €608k
2018 → 2025
Net result
€95k
2024 · €-49k
2018: €15k
2019: €9k
2020: €88k
2021: €177k
2022: €-826
2023: €83k
2024: €-49k
2018 → 2025
Working capital
€116k▲ 47.6%
2024 · €79k
2018: €-2k
2019: €-26k
2020: €34k
2021: €24k
2022: €-38k
2023: €96k
2024: €79k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€295k-€294k▼ 0.3%€377k▲ 28.1%€328k▼ 13.0%€376k▲ 14.5%
Operating result€195k-€16k▼ 91.7%€132k▲ 719%€-36k€124k
Net result€177k-€-826€83k€-49k€95k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €124k after a loss of €36k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €710k
Fixed assets
€283k▼ 1.0%
Current assets
€427k▲ 32.4%
Equity and liabilities €710k
Equity
€376k▲ 14.5%
Debt
€334k▲ 19.2%
The debt ratio rises from 46.1% to 47.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€195k▲
2024 · €30k
Cash flow
€166k▲
2024 · €17k
Solvency
52.9%▼
2024 · 53.9%
Current ratio
1.37▲
2024 · 1.32
Quick ratio
1.25▲
2024 · 1.24
Debt / equity
0.89▲
2024 · 0.85
ROE
25.3%▲
2024 · -14.9%
ROA
13.4%▲
2024 · -8.1%
Interest coverage
35.66▲
2024 · 2.25
Debt
€334k▲
2024 · €280k
Debt ≤ 1 year
€311k▲
2024 · €244k
Debt > 1 year
€15k▼
2024 · €30k
Income taxes
€23k
Staff costs
€975k▲
2024 · €939k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€608k€710k▲
Fixed assets21/28€286k€283k▼
Tangible fixed assets22/27€286k€283k▼
Land and buildings22€203k€199k▼
Plant, machinery and equipment23€54k€64k▲
Furniture and vehicles24€28k€19k▼
Current assets29/58€323k€427k▲
Stocks and contracts in progress3€20k€39k▲
Stocks30/36€20k€39k▲
Amounts receivable within one year40/41€82k€85k▲
Trade receivables40€5k€15k▲
Other amounts receivable41€76k€69k▼
Current investments50/53€3€3=
Cash at bank and in hand54/58€215k€288k▲
Deferred charges and accrued income490/1€6k€15k▲
Equity and liabilities
Total equity and liabilities10/49€608k€710k▲
Equity10/15€328k€376k▲
Contributions10/11€6k€19k▲
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€320k€355k▲
Amounts payable17/49€280k€334k▲
Amounts payable after more than one year17€30k€15k▼
Financial debts170/4€30k€15k▼
Amounts payable within one year42/48€244k€311k▲
Financial debts43€9k€9k▼
Credit institutions430/8€9k€9k▼
Trade debts44€201k€155k▼
Suppliers440/4€201k€155k▼
Taxes, remuneration and social security45€30k€81k▲
Taxes450/3€9k€7k▼
Remuneration and social security454/9€21k€74k▲
Other amounts payable47/48€5k€66k▲
Accrued charges and deferred income492/3€6k€8k▲
Income statement
Code20242025
Non-recurring operating income76A€6k-
Remuneration, social security and pensions62€939k€975k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€66k€71k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8-€50k
Other operating charges640/8€8k€7k▼
Gross operating margin9900€977k€1.23M▲
Operating profit (loss)9901€-36k€124k▲
Financial income75/76B€509€89▼
Recurring financial income75€509€89▼
Financial charges65/66B€13k€5k▼
Recurring financial charges65€13k€5k▼
Profit (loss) for the period before taxes9903€-49k€118k▲
Income taxes67/77-€23k
Profit (loss) for the period9904€-49k€95k▲
Profit (loss) for the period to be appropriated9905€-49k€95k▲
Appropriation of the result
Profit (loss) to be appropriated9906€320k€415k▲
Profit (loss) brought forward from the previous period14P€369k€320k▼
Profit to be distributed694/7-€60k
Return on contributions (dividend)694-€60k
Social balance
Average headcount (FTE)908718.216.5▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 20 days late
04-08
State Gazette act
Legal-form changeGeneral meeting · Statutes amendment · Corporate purpose10 facts ▸
State Gazette act
Legal-form change
General meeting · Statutes amendment · Corporate purpose10 facts ▸
- General meeting, 10-07-2026
- Statutes amendment
- Corporate purpose, De vennootschap heeft tot voorwerp in België en in het buitenland, zowel in eigen naam en voor eigen rekening, als in naam en voor rekening van derden: I. Speci…
- Capital
- Director resignation, DHRAIEF Samy (bestuurder)
- Director resignation, WASNAIRE Manuel (zaakvoerder)
- Director appointment, WASNAIRE Manuel (niet-statutair bestuurder)
- Mandate compensation, WASNAIRE Manuel
- Registered office, Dorpsstraat 81 bus B, 8300 Knokke-Heist
- Power of attorney, WASNAIRE Manuel
2025
31-12
Financial
Back to profitnet €95k
Net result €95k after one loss-making year.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 27 days late
2024
31-12
Financial
Weakest financial yearnet €-49k ▼159%
Net result drops to €-49k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
31-12
Financial
Back to profitnet €83k
Net result €83k after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 28 days late
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 25 days late
2021
31-12
Financial
Highest result since 2018net €177k ▲100%
Operating result €195k, net result €177k, both a record.
31-12
Financial
Equity above €200kEq €295k ▲150%
4 profitable years in a row build equity to €295k.
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 60 days late
2020
31-12
Financial
Equity above €100kEq €118k ▲298%
3 profitable years in a row build equity to €118k.
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 24 days late
2019
24-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 24 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2026
WASNAIRE Manuel
CurrentNon-statutory director · since 04-08-2026
04-08-2026
WASNAIRE Manuel: Resigned as Manager
04-08-2026
WASNAIRE Manuel: Appointed as Non-statutory director
04-08-2026
DHRAIEF Samy: Resigned as Director
Location & real-estate footprint
Registered office, Knokke-Heist · 1 establishment unit since 2017
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.
Dorpsstraat 818300 Knokke-HeistGround area
897 m²
Building footprint
496 m²
Volume, LiDAR
7,716 m³
2 parcels, Flanders · tallest building 26.0 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
CAMMASA
since 20172.266.554.062
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31039E0466/00M000 | Flanders | 494 m² | 1 · 130 m² | 10.9 m · 3 fl. |
| 31332E0089/00A000indicative | Flanders | 403 m² | 1 · 366 m² | 26.0 m · 7 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteKnokke-Heist2.266.554.062
Similar companies · same sector, comparable size
Segundo
BE 0829.670.791
Putte · Eq €376k
HUIS DE COLVENIER
BE 0455.595.934
Antwerpen · Eq €375k
DE DRIE FONTEINEN
BE 0478.492.585
Schilde · Eq €375k
LE FLORENTIN
BE 0819.526.076
Ath · Eq €376k
ASAP
BE 0476.883.969
Brussel · Eq €375k
Of 20,495 companies in sector 56111 we hold annual accounts for 11,458. 7,072 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-07-2017
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.