CAMOUFLAGE
ActiveCAMOUFLAGE has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €176k and a net result of €18k. Equity is growing by ~7.6% per year across the filed fiscal years. Its solvency ranks better than 92% of 307 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
100
/ 100
Excellent▲ +48 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability51▲+51
Solvency100=
Growth52=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity ample (current ratio 10.25 against 6.29 in 2023), and 9.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 59
Relative position
BE, all sectors
reference
Sector 59
lower
← 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-08-2025, 26 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
not confirmed
2024
26 d late
2023
295 d late
2022
13 d early
2021
12 d early
2020
115 d late
2019
412 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€176k▲ 11.4%
2023 · €158k
2018: €105k
2019: €123k
2020: €137k
2021: €167k
2022: €170k
2023: €158k
2018 → 2024
Total assets
€195k▲ 4.0%
2023 · €188k
2018: €147k
2019: €155k
2020: €182k
2021: €217k
2022: €193k
2023: €188k
2018 → 2024
Net result
€18k
2023 · €-12k
2018: €19k
2019: €18k
2020: €14k
2021: €29k
2022: €4k
2023: €-12k
2018 → 2024
Working capital
€174k▲ 11.7%
2023 · €155k
2018: €95k
2019: €116k
2020: €133k
2021: €163k
2022: €164k
2023: €155k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€137k-€167k▲ 21.5%€170k▲ 2.1%€158k▼ 7.0%€176k▲ 11.4%
Operating result€24k-€42k▲ 72.5%€6k▼ 85.7%€-19k€15k
Net result€14k-€29k▲ 107%€4k▼ 88.0%€-12k€18k
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 2024: €15k after a loss of €19k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €195k
Fixed assets
€3k▼ 5.3%
Current assets
€192k▲ 4.1%
Equity and liabilities €195k
Equity
€176k▲ 11.4%
Debt
€19k▼ 36.1%
The debt ratio falls from 15.7% to 9.6%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€15k▲
2023 · €-18k
Cash flow
€19k▲
2023 · €-11k
Solvency
90.4%▲
2023 · 84.3%
Current ratio
10.25▲
2023 · 6.29
Quick ratio
10.25▲
2023 · 6.29
Debt / equity
0.11▼
2023 · 0.19
ROE
10.3%▲
2023 · -7.5%
ROA
9.3%▲
2023 · -6.3%
Interest coverage
43.14▲
2023 · -77.63
Debt
€19k▼
2023 · €29k
Debt ≤ 1 year
€19k▼
2023 · €29k
Income taxes
€6k▲
2023 · €938
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€188k€195k▲
Fixed assets21/28€3k€3k▼
Tangible fixed assets22/27€3k€3k▼
Plant, machinery and equipment23-€926
Furniture and vehicles24€3k€2k▼
Financial fixed assets28€0-
Current assets29/58€185k€192k▲
Amounts receivable after more than one year29€149k€153k▲
Other amounts receivable291€149k€153k▲
Amounts receivable within one year40/41€8k€4k▼
Trade receivables40€8k€4k▼
Cash at bank and in hand54/58€16k€14k▼
Deferred charges and accrued income490/1€12k€21k▲
Equity and liabilities
Total equity and liabilities10/49€188k€195k▲
Equity10/15€158k€176k▲
Contributions10/11€6k€6k=
Reserves13€40k€58k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€9k€9k=
Distributable reserves133€29k€47k▲
Profit (loss) carried forward14€112k€112k▲
Amounts payable17/49€29k€19k▼
Amounts payable within one year42/48€29k€19k▼
Trade debts44€9k€7k▼
Suppliers440/4€9k€7k▼
Taxes, remuneration and social security45€20k€12k▼
Taxes450/3€20k€12k▼
Other amounts payable47/48€0-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€984€783▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€8k€0▼
Other operating charges640/8€3k€2k▼
Non-recurring operating charges66A-€326
Gross operating margin9900€-6k€18k▲
Operating profit (loss)9901€-19k€15k▲
Financial income75/76B€8k€9k▲
Recurring financial income75€8k€9k▲
Financial charges65/66B€230€359▲
Recurring financial charges65€230€359▲
Profit (loss) for the period before taxes9903€-11k€24k▲
Income taxes67/77€938€6k▲
Profit (loss) for the period9904€-12k€18k▲
Profit (loss) for the period to be appropriated9905€-12k€18k▲
Appropriation of the result
Profit (loss) to be appropriated9906€112k€130k▲
Profit (loss) brought forward from the previous period14P€124k€112k▼
Transfer to equity691/2-€18k
To other reserves6921-€18k
Social balance
Average headcount (FTE)90870.00.0=
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
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 26 days late
22-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 295 days late
2024
31-12
Financial
Back to profitnet €18k
Net result €18k after one loss-making year.
2023
31-12
Financial
Weakest financial yearnet €-12k ▼435%
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €29k ▲107%
Operating result €42k, net result €29k, both a record.
31-12
Financial
Equity above €150kEq €167k ▲21.5%
4 profitable years in a row build equity to €167k.
23-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 115 days late
16-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 412 days late
16-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 778 days late
2020
19-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 658 days late
19-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 1023 days late
19-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 1388 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2012
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
01-09-2012
Resigned as Manager
Location & real-estate footprint
Registered office, Bornem · 1 establishment unit since 2004
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.
Kuytekopstraat(BRA) 342880 BornemGround area
600 m²
Building footprint
489 m²
Volume, LiDAR
2,688 m³
Parcel 12362G0441/00T002, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Camouflage
since 20042.142.264.893
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12362G0441/00T002 | Flanders | 600 m² | 1 · 489 m² | 9.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
LIMONADE
BE 1003.772.925
Floreffe · Eq €176k
KWEB
BE 0658.932.480
Liège · Eq €176k
GRAAFWERK
BE 0542.557.622
Gent · Eq €177k
Witebox
BE 0878.278.184
Schelle · Eq €178k
VOICES
BE 0450.097.816
Wetteren · Eq €179k
Of 1,321 companies in sector 59111 we hold annual accounts for 684. 464 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded14-10-2004
Fiscal year end31-12
Activities, NACEBEL
59111Production of cinema films
59120Post-production of films, video and television programmes
74872
82300Organisation of conventions and trade shows
92114
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.