CAMO SYSTEM
ActiveSummary
CAMO SYSTEM has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €223,657 and a net result of €14,005. Equity is growing by ~7.1% per year across the filed fiscal years. Its solvency ranks better than 95% of 28281 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▲+65
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17,000 at 30 days acceptable
short-term debt: 0.6% and cash: 16.3% of total assets, and 0.7% of the assets are financed with debt.
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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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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
99.3%
Return on assets
6.2%
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 31-08-2026, 31 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
31 d late
2024
28 d late
2023
29 d early
2022
143 d late
2021
37 d late
2020
40 d late
2019
116 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 52 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 31 August (4 of the last 5 filed years within 59 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€14,005
2024 · -€12,790
Working capital
€198,704▼ 0.9%
2024 · €200,528
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€2,375▲ 72.6%-€15,455▼ 551%€100,704-€13,541€13,565
Net result€799below the sector's middle half-€14,067below the sector's middle half€100,778above the sector's middle half-€12,790below the sector's middle half€14,005within the sector's middle half
Equity€135,730within the sector's middle half▲ 0.6%€121,663within the sector's middle half▼ 10.4%€222,441above the sector's middle half▲ 82.8%€209,651above the sector's middle half▼ 5.7%€223,657above the sector's middle half▲ 6.7%
Total assets€175,967within the sector's middle half▲ 3.2%€160,890below the sector's middle half▼ 8.6%€253,129within the sector's middle half▲ 57.3%€229,003within the sector's middle half▼ 9.5%€225,276within the sector's middle half▼ 1.6%
Debt€40,237▲ 13.3%€39,227▼ 2.5%€30,688▼ 21.8%€19,352▼ 36.9%€1,619▼ 91.6%
Working capital€134,012within the sector's middle half▲ 1.5%€120,956within the sector's middle half▼ 9.7%€214,867above the sector's middle half▲ 77.6%€200,528above the sector's middle half▼ 6.7%€198,704above the sector's middle half▼ 0.9%
Solvency77.1%above the sector's middle half▼ 2.0pp75.6%above the sector's middle half▼ 1.5pp87.9%above the sector's middle half▲ 12.3pp91.5%above the sector's middle half▲ 3.7pp99.3%above the sector's middle half▲ 7.7pp
Current ratio4.33above the sector's middle half▼ 0.394.08above the sector's middle half▼ 0.258.00above the sector's middle half▲ 3.9211.59above the sector's middle half▲ 3.59
Return on assets (ROA)0.5%below the sector's middle half▲ 3.2pp-8.7%below the sector's middle half▼ 9.2pp39.8%above the sector's middle half▲ 48.6pp-5.6%below the sector's middle half▼ 45.4pp6.2%within the sector's middle half▲ 11.8pp
Staff (FTE)1.3below the sector's middle half▲ 30.0%1.5below the sector's middle half▲ 15.4%0.4▼ 73.3%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €13,565 after a loss of €13,541 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €225,276
Fixed assets
€25,172 ▲ 164%
Current assets
€200,104 ▼ 8.8%
Equity and liabilities €225,276
Equity
€223,657 ▲ 6.7%
Debt
€1,619 ▼ 91.6%
Debt's share of the balance-sheet total falls from 8.5% to 0.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€20,167▲
2024 · -€9,328
Cash flow
€20,607▲
2024 · -€8,578
Debt to equity
0.01▼
2024 · 0.09
ROE
6.3%▲
2024 · -6.1%
Interest coverage
134.44▲
2024 · -149.33
Debt ≤ 1 year
€1,401▼
2024 · €18,932
Income taxes
€1,401
Staff costs
€1,107▼
2024 · €1,764
A ratio outside any meaningful range has been withheld (balance sheet total €225,276, equity €223,657).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,370 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,370 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €44,657 | €28,883 | €5,368 | €1,764 | €1,107 | ▼ 37.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,404 | €1,012 | €3,900 | €4,212 | €6,602 | ▲ 56.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €3,080 | - | €115 | - |
| Other operating charges640/8 | €501 | €689 | €802 | €308 | €480 | ▲ 56.0% |
| Non-recurring operating charges66A | €120 | €320 | €480 | - | - | - |
| Gross operating margin9900 | €45,307 | €15,449 | €114,334 | -€7,256 | €21,869 | ▲ 401% |
| Operating profit (loss)9901 | -€2,375 | -€15,455 | €100,704 | -€13,541 | €13,565 | ▲ 200% |
| Financial income75/76B | €3,640 | €2,228 | €240 | €813 | €1,991 | ▲ 145% |
| Recurring financial income75 | €3,640 | €2,228 | €240 | €813 | €1,991 | ▲ 145% |
| Financial charges65/66B | €466 | €840 | €166 | €62 | €150 | ▲ 140% |
| Recurring financial charges65 | €466 | €840 | €166 | €62 | €150 | ▲ 140% |
| Profit (loss) for the period before taxes9903 | €799 | -€14,067 | €100,778 | -€12,790 | €15,406 | ▲ 220% |
| Income taxes67/77 | - | - | - | - | €1,401 | - |
| Profit (loss) for the period9904 | €799 | -€14,067 | €100,778 | -€12,790 | €14,005 | ▲ 210% |
| Profit (loss) for the period to be appropriated9905 | €799 | -€14,067 | €100,778 | -€12,790 | €14,005 | ▲ 210% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €175,967 | €160,890 | €253,129 | €229,003 | €225,276 | ▼ 1.6% |
| Fixed assets21/28 | €1,718 | €707 | €7,574 | €9,543 | €25,172 | ▲ 164% |
| Tangible fixed assets22/27 | €1,659 | €648 | €7,515 | €9,484 | €25,112 | ▲ 165% |
| Plant, machinery and equipment23 | €806 | €221 | €2,024 | €4,751 | €4,876 | ▲ 2.6% |
| Furniture and vehicles24 | €853 | €427 | €5,491 | €4,733 | €9,846 | ▲ 108% |
| Other tangible fixed assets26 | - | - | - | - | €10,390 | - |
| Financial fixed assets28 | €59 | €59 | €59 | €59 | €59 | = |
| Current assets29/58 | €174,249 | €160,183 | €245,555 | €219,460 | €200,104 | ▼ 8.8% |
| Stocks and contracts in progress3 | €33,175 | €63,598 | €17,537 | €20,828 | €33,111 | ▲ 59.0% |
| Stocks30/36 | €18,175 | €48,598 | €17,537 | €20,828 | €33,111 | ▲ 59.0% |
| Contracts in progress37 | €15,000 | €15,000 | - | - | - | - |
| Amounts receivable within one year40/41 | €136,811 | €38,765 | €158,260 | €161,851 | €121,297 | ▼ 25.1% |
| Trade receivables40 | €58,040 | €29,413 | €128,902 | €127,491 | €62,093 | ▼ 51.3% |
| Other amounts receivable41 | €78,771 | €9,352 | €29,358 | €34,360 | €59,204 | ▲ 72.3% |
| Cash at bank and in hand54/58 | €2,127 | €55,290 | €68,306 | €27,814 | €36,724 | ▲ 32.0% |
| Deferred charges and accrued income490/1 | €2,136 | €2,530 | €1,452 | €8,967 | €8,972 | ▲ 0.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €175,967 | €160,890 | €253,129 | €229,003 | €225,276 | ▼ 1.6% |
| Equity10/15 | €135,730 | €121,663 | €222,441 | €209,651 | €223,657 | ▲ 6.7% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €20,460 | €20,460 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | - | €14,005 | - |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | - | €14,005 | - |
| Profit (loss) carried forward14 | €115,270 | €101,203 | €201,981 | €189,191 | €189,191 | = |
| Amounts payable17/49 | €40,237 | €39,227 | €30,688 | €19,352 | €1,619 | ▼ 91.6% |
| Amounts payable within one year42/48 | €40,237 | €39,227 | €30,688 | €18,932 | €1,401 | ▼ 92.6% |
| Trade debts44 | €34,555 | €25,531 | €30,475 | €18,932 | - | - |
| Suppliers440/4 | €34,555 | €25,531 | €30,475 | €18,932 | - | - |
| Taxes, remuneration and social security45 | €5,682 | €2,223 | €213 | - | €1,401 | - |
| Taxes450/3 | €74 | €2 | - | - | €1,401 | - |
| Remuneration and social security454/9 | €5,608 | €2,221 | €213 | - | - | - |
| Other amounts payable47/48 | - | €11,473 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €420 | €219 | ▼ 47.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €799 | -€14,067 | €100,778 | -€12,790 | €14,005 | ▲ 210% |
| + Depreciation and write-downs630 | €2,404 | €1,012 | €3,900 | €4,212 | €6,602 | ▲ 56.7% |
| Operating cash flow (approximation) | €3,203 | -€13,055 | €104,678 | -€8,578 | €20,607 | ▲ 340% |
| Investment in fixed assets (approximation) | - | -€1 | -€10,767 | -€6,181 | -€22,231 | ▼ 260% |
| Change in cash | - | €53,163 | €13,016 | -€40,492 | €8,911 | ▲ 122% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Back to profitnet €14,005
Net result €14,005 after one loss-making year.
31-12
Financial
Liquidity times 12current ratio 142.88
Current ratio from 11.59 to 142.88; short-term debt falls from €18,932 to €1,401.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €100,778
Net result €100,778 after one loss-making year.
31-12
Financial
Equity above €200,000Eq €222,441 ▲82.8%
Equity rises from €121,663 to €222,441.
21-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 143 days late
2022
31-12
Financial
Weakest financial yearnet -€14,067
Net result drops to -€14,067, the lowest in the series; recovery starts the following year.
06-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 37 days late
2021
31-12
Financial
Back to profitnet €799
Net result €799 after one loss-making year.
09-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 40 days late
Show earlier events
2020
24-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 116 days late
2019
07-11
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 99 days late
2018
17-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 48 days late
2017
20-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Libramont-Chevigny · 1 establishment unit since 2005
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.
Freux, Fontaine du Bois 216800 Libramont-Chevigny1 establishment unit
CAMO SYSTEM
since 20052.148.037.284
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Of 22,829 companies in sector 43211 we hold annual accounts for 10,334. 8,102 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
Founded15-07-2005
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
74201Photography, excluding press photography
E-invoicing
Reachable via Peppol
Peppol ID
0208:0875123409
Also
9925:BE0875123409
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.