Losses
-€43,427 in four years
Every financial year from 2021 to 2024 closed with a loss. 2023 was the heaviest.
CHAMPACA
Lifetime
8 annual accounts with figures on one time axisGross marginpeak €26,093 (2020)
-€5,259▲ €6,413
Resultlowest -€17,466 (2023)
-€8,699▲ €8,767
Equitypeak €48,898 (2020)
€5,471▼ 61.4%
Debts
€3,057▼ 1.3%
Board2 names since 2019
2 directorsPEETERS AURELIE and 1 other
Documentsfilings and deeds
08-07-202523 days before the deadline
2024micro format
Gross margin from -€11,672 to -€5,259Loss of €8,699Appointment: It's Not Only Communication (director) 12-06Equity from €14,171 to €5,471Cash from €12,145 to €6,307
Key points
from the 2024 annual accountsLiquidity
3.34 was 6.74 in 2023
Short-term debts fell from €1,956 to €1,887.
Filings
8 annual accounts 97 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Turnover not published (micro format)
Checked score
55
Fair
Financially stronger than 45% of micro companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,628 companies (NACE 68, micro).
About 5 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 02-2025lowest value
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: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.3%▲ +0.2 percentage points vs 07-2026
09-2026: 0.3%● unchanged vs 08-2026
10-2026: 0.5%▲ +0.2 percentage points vs 09-2026highest value
11-2026: 0.5%● unchanged vs 10-2026highest value
Financial strengthAverage
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Figures for financial year 2024 (filed on 11-07-2025)
lowers risk
Sector: Real estate activities (NACE 68)
Liquidity: current ratio 3.34, cash €6,307
Size: total assets €8,528
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 68, micro). It does better than 74% of them on solvency, 92% on liquidity, 4% on profitability and 10% on growth.
The bankruptcy probability was computed on 04-11-2026 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 31-12-2024.
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, 4,805 companies had the same profile as CHAMPACA has now. Each dot stands for 13 companies, two years later.
88.1%
were still trading
9.8%
stopped another way
2.0%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CHAMPACA itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,446 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 4,805 companies, not a prediction for CHAMPACA. 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
No publishable credit limit, so credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is ample, with a current ratio of 3.34 (6.74 in 2023), above the usual 1.5. Short-term debt is 22.1% and cash 74% of total assets. 35.8% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€8,699
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 97 days later.
NBB · 8 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline05-11-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-07-2025, 23 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not filed
2024
23 days early
2023
50 days early
2022
43 days early
2021
43 days early
2020
61 days early
2019
46 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 6 accounts on average 44 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (1)
Recent changes
Appointment: It's Not Only Communication (director)
Permanent representative: Bovy Florence · Gazette deed
Incorporation
published on 20-04-2016 · Gazette deed
First establishment
Brugmannlaan 227, Ixelles
Official details
Source: KBO- Status
- Active since 11-04-2016Normal situation
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.252.166.6851050 Ixelles, since 11-04-2016
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Insights on CHAMPACA
CHAMPACA files the micro format. That format states no turnover. The gross margin fell from €2,851 in 2017 to -€5,259 in 2024.
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 CHAMPACA
- What is the company number of CHAMPACA?
- The company number of CHAMPACA is 0651.782.887. The VAT number is the same number with BE in front: BE 0651.782.887.
- Where is CHAMPACA based?
- The registered office is at Brugmannlaan 227, 1050 Ixelles.Company details
- What is the legal form of CHAMPACA?
- CHAMPACA is a private limited company (pre-2019) (BVBA).
- When was CHAMPACA founded?
- CHAMPACA was founded on 11-04-2016.
- Is CHAMPACA still active?
- Yes, CHAMPACA is an active enterprise in the KBO register.
- How many employees does CHAMPACA have?
- CHAMPACA had an average of 1 full-time equivalents in financial year 2022, according to the filed annual accounts.Financials
- What is the turnover of CHAMPACA?
- The annual accounts for financial year 2024 state no turnover. The micro format does not require it.
- Is CHAMPACA profitable?
- In financial year 2024, CHAMPACA made a loss of €8,699.
- Where can I find the annual accounts of CHAMPACA?
- CHAMPACA filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
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