Active BE 0649.952.854Private limited company

CAMUZEO

Verrewinkelstraat 95 ·1180 Ukkel, Belgium· 10 yrs active

Sector: Overige detailhandel in voedingsmiddelen, neg (47279)

Conclusion Checked

The computed 12-month bankruptcy probability of CAMUZEO is 1.9% (moderate). The 2024 annual accounts show equity of €187k and a net result of €-15k. Equity is growing by ~17.6% per year across the filed fiscal years. Its solvency ranks better than 59% of 873 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€187k
Net result	€-15k
Staff (FTE)	1.2
Better than sector	59%

Snowflake analysis 5 of 5 axes measured · computed by Checked

45 / 100

Mixed profile: strong on stability, weaker on profitability.

All 5 axes are computed from data Checked has read.

Health 23

Profitability 0

Solvency 24

Growth 78

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

1.9% Moderate

0%0,5%1,5%4%10%≥25%

Higher-failure-rate region +Higher-failure-rate sector +Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Established

Founded in 2016, 10 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2024 · computed

23 / 100 Critical

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Financial overview8 NBB filings

Annual accounts filed on 29-08-2025 with the NBB · fiscal year 2024 · volledig

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~17.6%/year over 4 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 47, Retail trade · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	23.8%	17.2%	better than 59% of 873 sector peers
Net result	€-15k	€14k	better than 25% of 874 sector peers
Equity	€187k	€99k	better than 62% of 875 sector peers
Gross operating margin	€111k	€213k	better than 33% of 801 sector peers
Staff costs	€47k	€221k	higher than 15% of 721 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

EBITDA

€46k

+139.3% 20-24

Net profit

€-15k

+54.5% 20-24

Cash flow

€24k

- 20-24

Total assets

€788k

-2.8% 20-24

Equity

€187k

-7.3% 20-24

Working capital

€-171k

-44.4% 20-24

Employees (FTE)

1

-20.0% 20-24

Staff costs

€47k

+9.4% 20-24

Income taxes

€101

- 20-24

Debt

€601k

-1.4% 20-24

Debt ≤ 1y

€214k

+46.7% 20-24

Debt > 1y

€386k

-16.5% 20-24

Current ratio

0.20

+6.7% 20-24

Quick ratio

0.20

+6.7% 20-24

Solvency

23.8%

-4.6% 20-24

Debt / equity

3.21

+6.4% 20-24

ROE

-7.9%

+50.9% 20-24

ROA

-1.9%

+53.1% 20-24

Interest coverage

2.08

+178.1% 20-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	volledig
Revenue	-
EBITDA	€46k
Net profit	€-15k
Cash flow	€24k
Staff costs	€47k
Income taxes	€101
Dividends	-
Total assets	€788k
Equity	€187k
Debt	€601k
of which ≤ 1y	€214k
of which > 1y	€386k
Working capital	€-171k
Employees (FTE)	1.2

Ratios (computed)

	2024
Current ratio	0.20
Quick ratio	0.20
Working capital ratio	-21.7%
Solvency	23.8%
Debt / equity	3.21
Long-term debt ratio	2.06
Interest coverage	2.08
Gross margin	-
Net margin	-
ROA	-1.9%
ROE	-7.9%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €745k · 94.5% Current assets €43k · 5.5%

Equity & liabilities

Equity €187k · 23.8% Debt €601k · 76.2%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€788k
Fixed assets	21/28	€745k
Tangible fixed assets	22/27	€745k
Financial fixed assets	28	€400
Current assets	29/58	€43k
Amounts receivable within one year	40/41	€41k
Cash & bank	54/58	€2k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€788k
Equity	10/15	€187k
Contributions / capital	10/11	€200k
Reserves	13	€117
Accumulated profits (losses)	14	€-13k
Amounts payable	17/49	€601k
Amounts payable after one year	17	€386k
Amounts payable within one year	42/48	€214k
Trade debts payable within one year	44	€40k
Income statement
Gross operating margin	9900	€111k
Operating result	9901	€7k
Financial income	75	€0
Financial charges	65	€22k
Result before taxes	9903	€-15k
Income taxes	67/77	€101
Net result for the period	9904	€-15k
Result to be appropriated	9905	€-15k

This table shows the latest fiscal year. 3 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates 3 directors

Current directors & mandates

ANDRIANTAFIKA Raberahona Mamisoa
Gérant
State Gazette act 23432946 (22-11-2023)

Current
22-11-2023 → present
3 events
- 22-11-2023 Appointed· Gérant
- 22-11-2023 Resigned· Gérant
- 17-06-2022 Appointed· Director
GULPEN Sébastien
Director
State Gazette act 23432946 (22-11-2023)

Current
22-11-2023 → present
2 events
- 22-11-2023 Appointed· Director
- 22-11-2023 Appointed· Gérant

Former directors (1)

Cécile Berdah
Director
State Gazette act 22086460 (18-07-2022)

Former
- → 17-06-2022

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Legal Structure

NACE primary	Overige detailhandel in voedingsmiddelen, neg(47279)
Legal form	Private limited company(610)
Incorporation	16-03-2016
Status	Active
Postal code	1180

Establishment units 1 location

Centre La Sauvagère

Verrewinkelstraat 95, 1180 UkkelOverige zakelijke dienstverlening, neg

since 20162.251.206.781

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21614H0059/00W002	Brussels	1,751 m²	1 · 464 m²	14.0 m · 4 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 10 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025

29-08-2025

NBB filing Annual accounts filed

fiscal year 2024 · volledig

2024

02-02-2024

NBB filing Annual accounts filed

fiscal year 2023 · volledig

2023

22-11-2023

State Gazette act Director changes

Joel VANGRONSVELD

24-02-2023

NBB filing Annual accounts filed

fiscal year 2022 · volledig

2022

18-07-2022

State Gazette act Capital & shares

24-01-2022

NBB filing Annual accounts filed

fiscal year 2021 · micro

2021

29-01-2021

NBB filing Annual accounts filed

fiscal year 2020 · micro

2020

06-01-2020

NBB filing Annual accounts filed

fiscal year 2019 · micro

2018

18-12-2018

NBB filing Annual accounts filed

fiscal year 2018 · micro

17-01-2018

NBB filing Annual accounts filed

fiscal year 2017 · micro

Belgisch Staatsblad, acts 2 acts

Capital history · 1

18-07-2022

Capital change

All acts · 2 updated 2 years ago

2023

22-11-2023 3 directors appointed, 1 resigning, 1 reappointed Director changes·Joel VANGRONSVELD

GULPEN Sébastien, Bestuurder
ANDRIANTAFIKA Raberahona Mamisoa, Gérant
GULPEN Sébastien, Gérant
ANDRIANTAFIKA Raberahona Mamisoa, Gérant
ANDRIANTAFIKA Raberahona Mamisoa, Bestuurder

Notary: Joel VANGRONSVELD · BilzenFirm: DELTA Notarissen

Original publication ↗

Technical details

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2022

18-07-2022 Transaction in capital or shares Capital & shares

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Overige detailhandel in voedingsmiddelen, neg47279Overige detailhandel in voedingsmiddelen in gespecialiseerde winkels, n.e.g.47299Administratieve en ondersteunende activiteiten ten behoeve van kantoren82100Fotokopiëren, documentvoorbereiding en andere gespecialiseerde ondersteunende activiteiten ten behoeve van kantoren82190Handel in eigen onroerend goed68100Handel in eigen onroerend goed68110Verhuur en exploitatie van eigen of geleasd residentieel onroerend goed, exclusief sociale woningen68201Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen68201Verhuur en exploitatie van sociale woningen68202Verhuur en exploitatie van sociale woningen68202Verhuur en exploitatie van eigen of geleasd niet-residentieel onroerend goed, exclusief terreinen68203Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen68203

Primary activity highlighted.

Names & trade names

Legal nameFR

CAMUZEO

Registered office

Verrewinkelstraat 95

1180 Ukkel, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.

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