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Campagna

Active
Private limited companyfounded 197650 yrs activeHeystraat(MAR) 43, 2880 Bornem, BelgiumKBO/BCE: BE 0416.908.374
Summary

Campagna has been active since 1976 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €38,625 and a net result of -€2,608. Equity is growing by ~12% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability14▼-61
Solvency86▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity ample (current ratio 1.76 against 1.72 in 2024; short-term debt: 39.2% and cash: 64.9% of total assets), and 39.2% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 50 years 0 60 y
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
60.8%
Return on assets
-4.1%
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 filings
Deviation from the deadline
2025
31 d late
2024
69 d late
2023
92 d late
2022
31 d late
2021
30 d late
2020
31 d late
2019
88 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 53 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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.
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 22 September 1976, Campagna was incorporated.1 Total assets went from EUR 37,764 in 2018 to EUR 63,532 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€38,625▼ 6.3%
2024 · €41,232
Total assets
€63,532▼ 9.6%
2024 · €70,300
Net result
-€2,608
2024 · €3,462
Working capital
€18,904▼ 9.1%
2024 · €20,792
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€6,749▲ 5.7%€11,240▲ 66.5%-€5,465€3,608-€2,368
Net result€6,598▲ 3.3%€11,057▲ 67.6%-€5,605€3,462-€2,608
Equity€32,318▲ 25.7%€43,376▲ 34.2%€37,771▼ 12.9%€41,232▲ 9.2%€38,625▼ 6.3%
Total assets€55,644▲ 13.8%€65,396▲ 17.5%€59,446▼ 9.1%€70,300▲ 18.3%€63,532▼ 9.6%
Debt€23,326▲ 0.6%€22,020▼ 5.6%€21,676▼ 1.6%€29,068▲ 34.1%€24,907▼ 14.3%
Working capital€9,590▲ 333%€21,422▲ 123%€16,592▼ 22.5%€20,792▲ 25.3%€18,904▼ 9.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€10,000-€5,000€0€5,000€10,000Operating result 2021: €6,749€6,749Net result 2021: €6,598€6,598Operating result 2022: €11,240€11,240Net result 2022: €11,057€11,057Operating result 2023: -€5,465-€5,465Net result 2023: -€5,605-€5,605Operating result 2024: €3,608€3,608Net result 2024: €3,462€3,462Operating result 2025: -€2,368-€2,368Net result 2025: -€2,608-€2,60820212022202320242025-€7,500-€5,000-€2,500€0€2,500Operating result 2023: -€5,465-€5,470Net result 2023: -€5,605-€5,600Operating result 2024: €3,608€3,610Net result 2024: €3,462€3,460Operating result 2025: -€2,368-€2,370Net result 2025: -€2,608-€2,610202320242025
The operating result turns negative in 2025: a loss of €2,368 after €3,608 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €63,532
Fixed assets €19,720 ▼ 3.5%
Current assets €43,811 ▼ 12.1%
Equity and liabilities €63,532
Equity €38,625 ▼ 6.3%
Debt €24,907 ▼ 14.3%
Debt's share of the balance-sheet total falls from 41.3% to 39.2%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€1,647▼
2024 · €4,346
Cash flow
-€1,888▼
2024 · €4,200
Current ratio
1.76▲
2024 · 1.72
Debt to equity
0.64▼
2024 · 0.70
ROE
-6.8%▼
2024 · 8.4%
ROA
-4.1%▼
2024 · 4.9%
Interest coverage
-5.97▼
2024 · 29.67
Debt ≤ 1 year
€24,907▼
2024 · €29,068
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 12,304 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.6% went bankrupt
8.6% stopped otherwise
90% still going

A further 0.6% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

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 12,304 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 32 lines
Balance sheet Code20242025
Assets
Total assets20/58€70,300€63,532▼
Fixed assets21/28€20,441€19,720▼
Tangible fixed assets22/27€20,441€19,720▼
Land and buildings22€20,441€19,720▼
Current assets29/58€49,860€43,811▼
Amounts receivable within one year40/41€0-
Trade receivables40€0-
Cash at bank and in hand54/58€49,103€41,247▼
Deferred charges and accrued income490/1€756€2,564▲
Equity and liabilities
Total equity and liabilities10/49€70,300€63,532▼
Equity10/15€41,232€38,625▼
Contributions10/11€61,973€61,973=
Profit (loss) carried forward14-€20,741-€23,349▼
Amounts payable17/49€29,068€24,907▼
Amounts payable within one year42/48€29,068€24,907▼
Trade debts44€7,392€2,130▼
Suppliers440/4€7,392€2,130▼
Other amounts payable47/48€21,676€22,777▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€738€720▼
Other operating charges640/8€1,625€1,668▲
Gross operating margin9900€5,971€20▼
Operating profit (loss)9901€3,608-€2,368▼
Financial income75/76B€1€36▲
Recurring financial income75€1€36▲
Financial charges65/66B€146€276▲
Recurring financial charges65€146€276▲
Profit (loss) for the period before taxes9903€3,462-€2,608▼
Income taxes67/77€0-
Profit (loss) for the period9904€3,462-€2,608▼
Profit (loss) for the period to be appropriated9905€3,462-€2,608▼
Appropriation of the result
Profit (loss) to be appropriated9906-€20,741-€23,349▼
Profit (loss) brought forward from the previous period14P-€24,203-€20,741▲

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€775€775€774€738€720▼ 2.4%
Other operating charges640/8€1,345€1,422€1,566€1,625€1,668▲ 2.6%
Gross operating margin9900€8,869€13,437-€3,125€5,971€20▼ 99.7%
Operating profit (loss)9901€6,749€11,240-€5,465€3,608-€2,368▼ 166%
Financial income75/76B€1€0€2€1€36▲ 5,251%
Recurring financial income75€1€0€2€1€36▲ 5,251%
Financial charges65/66B€152€182€141€146€276▲ 88.4%
Recurring financial charges65€152€182€141€146€276▲ 88.4%
Profit (loss) for the period before taxes9903€6,598€11,057-€5,604€3,462-€2,608▼ 175%
Income taxes67/77€0-€1€0--
Profit (loss) for the period9904€6,598€11,057-€5,605€3,462-€2,608▼ 175%
Profit (loss) for the period to be appropriated9905€6,598€11,057-€5,605€3,462-€2,608▼ 175%
Line20212022202320242025Change
Assets
Total assets20/58€55,644€65,396€59,446€70,300€63,532▼ 9.6%
Fixed assets21/28€22,728€21,953€21,179€20,441€19,720▼ 3.5%
Tangible fixed assets22/27€22,728€21,953€21,179€20,441€19,720▼ 3.5%
Land and buildings22€22,728€21,953€21,179€20,441€19,720▼ 3.5%
Current assets29/58€32,916€43,443€38,268€49,860€43,811▼ 12.1%
Amounts receivable within one year40/41--€248€0--
Trade receivables40--€248€0--
Cash at bank and in hand54/58€32,267€42,791€37,287€49,103€41,247▼ 16.0%
Deferred charges and accrued income490/1€649€651€732€756€2,564▲ 239%
Equity and liabilities
Total equity and liabilities10/49€55,644€65,396€59,446€70,300€63,532▼ 9.6%
Equity10/15€32,318€43,376€37,771€41,232€38,625▼ 6.3%
Contributions10/11€61,973€61,973€61,973€61,973€61,973=
Profit (loss) carried forward14-€29,655-€18,598-€24,203-€20,741-€23,349▼ 12.6%
Amounts payable17/49€23,326€22,020€21,676€29,068€24,907▼ 14.3%
Amounts payable within one year42/48€23,326€22,020€21,676€29,068€24,907▼ 14.3%
Trade debts44€4,539€3,233€0€7,392€2,130▼ 71.2%
Suppliers440/4€4,539€3,233€0€7,392€2,130▼ 71.2%
Other amounts payable47/48€18,787€18,787€21,676€21,676€22,777▲ 5.1%
Line20212022202320242025Change
Profit (loss) for the period9904€6,598€11,057-€5,605€3,462-€2,608▼ 175%
+ Depreciation and write-downs630€775€775€774€738€720▼ 2.4%
Operating cash flow (approximation)€7,373€11,832-€4,831€4,200-€1,888▼ 145%
Investment in fixed assets (approximation)-€0€0€0€0-
Change in cash-€10,525-€5,504€11,816-€7,856▼ 166%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
31-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
08-10
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 69 days late
2024
31-12
Financial Back to profitnet €3,462
Net result €3,462 after one loss-making year.
31-10
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 92 days late
2023
31-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial Highest result since 2018net €11,057 ▲67.6%
Operating result €11,240, net result €11,057, both a record.
30-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
27-10
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 88 days late
2019
31-12
Financial Back to profitnet €4,602
Net result €4,602 after one loss-making year.
29-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
30-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
04-08
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 4 days late
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, Bornem · 1 establishment unit since 1976
seat establishment The establishment unit on the map
Ground area
1,528 m²
Building footprint
375 m²
Volume, LiDAR
2,274 m³
2 parcels, Flanders · tallest building 12.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
BVBA CAMPAGNA
Omgangstraat(MAR) 26, 2880 BornemActivities of head offices; management consultancy activities
since 19762.013.045.651
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
12024B0057/00A000 Flanders 898 m² 1 · 211 m² 9.1 m · 2 fl.
12024A0283/00G000 Flanders 630 m² 1 · 163 m² 12.0 m · 3 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Identification & contact

Identification
Legal formPrivate limited company
Founded22-09-1976
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.