Turnover
≈ €210,000 estimated
The micro format states no turnover.
CAPAMAMA
Lifetime
3 annual accounts with figures on one time axispeak €102,499 (2023)
€68,358▲ 5.2%
peak €30,165 (2023)
€5,645▼ 38.6%
peak €58,603 (2025)
€58,603▲ 10.7%
€138,974▼ 18.7%
Board4 names since 2022
4 directorsGILLET Marylaure Louise Noëlle and 3 others
Documentsfilings and deeds
30-06-202631 days before the deadline
2025micro format
Result from €9,193 to €5,645Debts from €171,018 to €138,974
Key points
from the 2025 annual accountsChecked score
93
Excellent
Financially stronger than 47% of micro companies in other professional activities (NACE 74)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 5,430 companies (NACE 74, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.3%▲ +0.2 percentage points vs 07-2025
09-2025: 0.2%▼ -0.1 percentage points vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.1%▼ -0.1 percentage points vs 06-2026
08-2026: 0.2%▲ +0.1 percentage points vs 07-2026
09-2026: 0.3%▲ +0.1 percentage points vs 08-2026highest value
10-2026: 0.1%▼ -0.2 percentage points vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
lowers risk
Sector: Other professional, scientific and technical activities (NACE 74)
Liquidity: current ratio 1.32, cash €77,990
Size: total assets €197,576
Figures for financial year 2025 (filed on 30-06-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 74, micro). It does better than 35% of them on solvency, 61% on liquidity, 33% on profitability and 58% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,542 companies had the same profile as CAPAMAMA has now. Each dot stands for 7 companies, two years later.
95.0%
were still trading
1.2%
stopped another way
3.5%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of CAPAMAMA itself is lower: 0.1% within 12 months. It rests on far more data about CAPAMAMA than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,542 companies, not a prediction for CAPAMAMA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €5,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.32 (1.33 in 2024), below the usual 1.5. Short-term debt is 57.1% and cash 39.5% of total assets. 70.3% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
31 days early
2024
27 days late
2023
15 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 6 days before the deadline. In the sector (NACE 74), the median for financial year 2024 was 3 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 17 July (3 of the last 3 accounts filed within 41 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- GOFFARD Carole 15 sharesdeed of 13-06-2023
- GILLET Marylaure 15 sharesdeed of 13-06-2023
- DESCY Pauline 15 sharesdeed of 13-06-2023
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0791189012
Appointments: DESCY Pauline (director) and HAINAUT Marie (director)
GOFFARD Carole holds 15 shares · GILLET Marylaure holds 15 shares · DESCY Pauline holds 15 shares · General meeting of 16-05-2023 · Gazette deed
Incorporation
Founding capital of €20,000, 60 shares · Founders: GOFFARD Carole Astrid Marie-Josée, GILLET Marylaure Louise Noëlle, DESCY Pauline Christine François and 1 other · Appointments: GOFFARD Carole Astrid Marie-Josée (director) and GILLET Marylaure Louise Noëlle (director) · published on 23-09-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CAPAMAMA Arlon | €197,576 | €68,358 | 29.7% | - |
| SILKFOTO Jabbeke | €176,641 | €69,543 | 35.3% | - |
| Studio Salien Lievegem | €195,781 | €77,999 | 80.1% | - |
| BEHOLDER MEDIA Genk | €214,023 | €87,589 | 54.9% | - |
| SBP Studio Woluwe-Saint-Lambert | €166,023 | €61,679 | 74.9% | - |
| ISOTTON DIGITAL SOLUTIONS Tubize | €151,755 | €72,977 | 2.0% | - |
| Lichtwaas Antwerp | €221,635 | €64,925 | 80.1% | - |
These companies have the same main activity as CAPAMAMA: photography, excluding press photography (NACE 74201). They are comparable in size and age: total assets between €152,000 and €222,000, founded between 2020 and 2023.
Official details
Source: KBO- Status
- Active since 21-09-2022Normal situation
- Activity
- Photography, excluding press photographyNACE 74201and 5 others
- Joint committee
- 201Independent retail · annual accounts 2025
- Establishment units
- 2.335.695.7616700 Arlon, since 21-09-2022
- 2.335.696.7516760 Virton, since 01-10-2022and 1 other
- Financial year end
- 31 December
- Peppol
- Reachable since 13-10-2025
Annual accounts 2025
- €197,576▼ 11.8%
- Employeeson 31-12-2025
- 1=
- Filing
- Filed on 30-06-2026, 31 days before the end of the filing period
Insights on CAPAMAMA
CAPAMAMA files the micro format. That format states no turnover. The gross margin fell from €102,499 in 2023 to €68,358 in 2025.
The balance sheet grew most in 2024 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about CAPAMAMA
- What is the company number of CAPAMAMA?
- The company number of CAPAMAMA is 0791.189.012. The VAT number is the same number with BE in front: BE 0791.189.012.
- Where is CAPAMAMA based?
- The registered office is at Rue de Diekirch 9, 6700 Arlon.Company details
- What does CAPAMAMA do?
- According to the KBO register, the main activity is photography, excluding press photography (NACE 74201).
- What is the legal form of CAPAMAMA?
- CAPAMAMA is a private limited company (BV).
- When was CAPAMAMA founded?
- CAPAMAMA was founded on 21-09-2022.
- Is CAPAMAMA still active?
- Yes, CAPAMAMA is an active enterprise in the KBO register.
- How many employees does CAPAMAMA have?
- CAPAMAMA had an average of 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does CAPAMAMA fall under?
- In its 2025 annual accounts, CAPAMAMA states joint committee 201 (Independent retail).
- What is the turnover of CAPAMAMA?
- The turnover in financial year 2025 is ≈ €210,000. This figure is estimated from the gross margin of €68,358 and 2,667 comparable companies of the same size. It probably lies between €140,000 and €360,000. It is a rough estimate.
- Is CAPAMAMA profitable?
- In financial year 2025, CAPAMAMA made a profit of €5,645.
- Where can I find the annual accounts of CAPAMAMA?
- CAPAMAMA filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of CAPAMAMA due?
- CAPAMAMA must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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