CHAMPACA
Annual accounts 2024
micro format, filed on 08-07-2025, 23 days before the deadline2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 5 November 2026.
Gross margin
-€5,259
▲ €6,413
Operating result
-€8,103
▲ €8,748
Loss
-€8,699
▲ €8,767
Working capital
€4,421
▼ 60.7%
Solvency
64.2%
▼ 17.9 percentage points
Current ratio
3.34
▼ 3.40
Turnover and EBIT margin are not published. The micro format does not require them.
Balance sheet
balance sheet total €8,528 on 31-12-2024What the company ownsHow it is paid for
Change in equityin euro
Change in cashin euro
Staff
Staff cost per FTE
Staff costs divided by the average number of full-time equivalents.
Joined and left
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||
Total assets20/58 |
8,528 | 17,267 | 34,432 | 47,436 | 60,568 | 42,080 | 34,617 | 22,704 | |
Fixed assets21/28 |
2,221 | 4,073 | 7,806 | 12,502 | 15,123 | 11,103 | 12,879 | 14,656 | |
Tangible fixed assets22/27 |
2,221 | 4,073 | 7,806 | 12,502 | 15,123 | 11,103 | 12,879 | 14,656 | |
Furniture and vehicles24 |
0 | 76 | 2,032 | 4,952 | 5,796 | - | - | - | |
Other tangible fixed assets26 |
2,221 | 3,997 | 5,774 | 7,550 | 9,326 | 11,103 | 12,879 | 14,656 | |
Current assets29/58 |
6,307 | 13,195 | 26,626 | 34,934 | 45,445 | 30,977 | 21,737 | 8,049 | |
Amounts receivable within one year40/41 |
0 | 1,050 | 49 | 330 | 144 | 3,725 | 4,164 | 1,765 | |
Trade receivables40 |
0 | 1,050 | - | 330 | 144 | 3,725 | 4,125 | 671 | |
Other amounts receivable41 |
- | - | 49 | - | - | - | 39 | 1,094 | |
Cash at bank and in hand54/58 |
6,307 | 12,145 | 26,434 | 34,462 | 45,160 | 27,129 | 17,450 | 3,675 | |
Deferred charges and accrued income490/1 |
- | - | 143 | 141 | 141 | 123 | 123 | 2,609 | |
| Balance sheet: equity and liabilities | |||||||||
Total equity and liabilities10/49 |
8,528 | 17,267 | 34,432 | 47,436 | 60,568 | 42,080 | 34,617 | 22,704 | |
Equity10/15 |
5,471 | 14,171 | 31,637 | 43,029 | 48,898 | 32,306 | 27,487 | 15,534 | |
Contributions10/11 |
19,000 | 19,000 | 19,000 | 19,000 | 19,000 | 19,000 | 19,000 | 19,000 | |
Issued capital100 |
- | - | - | - | - | 19,000 | 19,000 | 19,000 | |
Reserves13 |
16,900 | 16,900 | 16,900 | 16,900 | 16,900 | 1,900 | 1,900 | - | |
Non-distributable reserves130/1 |
1,900 | 1,900 | 1,900 | 1,900 | 1,900 | - | - | - | |
Legal reserve130 |
- | - | - | - | - | 1,900 | 1,900 | - | |
Reserves not available under the articles1311 |
1,900 | 1,900 | 1,900 | 1,900 | 1,900 | - | - | - | |
Distributable reserves133 |
15,000 | 15,000 | 15,000 | 15,000 | 15,000 | - | - | - | |
Profit (loss) carried forward14 |
-30,429 | -21,729 | -4,263 | 7,129 | 12,998 | 11,406 | 6,587 | -3,466 | |
Amounts payable17/49 |
3,057 | 3,096 | 2,795 | 4,407 | 11,669 | 9,774 | 7,129 | 7,171 | |
Amounts payable after more than one year17 |
1,170 | 1,140 | 1,140 | 1,170 | 1,020 | 810 | 690 | 1,611 | |
Financial debts170/4 |
- | - | - | - | - | - | - | 801 | |
Other amounts payable178/9 |
1,170 | 1,140 | 1,140 | 1,170 | 1,020 | 810 | 690 | 810 | |
Amounts payable within one year42/48 |
1,887 | 1,956 | 1,655 | 3,237 | 10,649 | 8,964 | 6,439 | 5,560 | |
Current portion of amounts payable after more than one year42 |
- | - | - | - | - | - | 801 | 2,368 | |
Trade debts44 |
1,578 | 990 | 929 | 1,128 | 1,116 | 2,828 | 1,686 | 877 | |
Suppliers440/4 |
1,578 | 990 | 929 | 1,128 | 1,116 | 2,828 | 1,686 | 877 | |
Advances received on contracts in progress46 |
- | - | - | - | 605 | - | 534 | 2,314 | |
Taxes, remuneration and social security45 |
278 | 952 | 660 | 1,302 | 8,142 | 5,395 | 3,419 | - | |
Taxes450/3 |
278 | 952 | 660 | 1,302 | 8,142 | 5,395 | 3,419 | - | |
Other amounts payable47/48 |
31 | 14 | 66 | 806 | 787 | 741 | - | - | |
| Income statement | |||||||||
Gross operating margin9900 |
-5,259 | -11,672 | -3,901 | 42 | 26,093 | 10,979 | 17,932 | 2,851 | |
Remuneration, social security and pensions62 |
- | 52 | 631 | - | - | - | - | - | |
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 |
1,852 | 3,733 | 4,696 | 4,621 | 2,740 | 1,776 | 1,776 | 3,109 | |
Other operating charges640/8 |
992 | 1,394 | 1,565 | 1,177 | 1,095 | 1,733 | 673 | 1,995 | |
Operating profit (loss)9901 |
-8,103 | -16,852 | -10,794 | -5,756 | 22,258 | 7,470 | 15,482 | -2,253 | |
Financial income75/76B |
48 | 0 | 7 | 17 | 11 | 0 | 44 | 27 | |
Recurring financial income75 |
48 | 0 | 7 | 17 | 11 | 0 | 44 | 27 | |
Financial charges65/66B |
469 | 498 | 486 | 266 | 533 | 691 | 486 | 1,240 | |
Recurring financial charges65 |
469 | 498 | 486 | 266 | 533 | 691 | 486 | 1,240 | |
Profit (loss) for the period before taxes9903 |
-8,525 | -17,349 | -11,272 | -6,005 | 21,736 | 6,778 | 15,039 | -3,466 | |
Income taxes67/77 |
175 | 117 | 120 | -136 | 5,144 | 1,959 | 3,086 | - | |
Profit (loss) for the period9904 |
-8,699 | -17,466 | -11,392 | -5,869 | 16,592 | 4,819 | 11,953 | -3,466 | |
Profit (loss) for the period to be appropriated9905 |
-8,699 | -17,466 | -11,392 | -5,869 | 16,592 | 4,819 | 11,953 | -3,466 | |
| Appropriation of the result | |||||||||
Profit (loss) to be appropriated9906 |
-30,429 | -21,729 | -4,263 | 7,129 | 27,998 | 11,406 | 8,487 | -3,466 | |
Profit (loss) brought forward from the previous period14P |
-21,729 | -4,263 | 7,129 | 12,998 | - | - | - | - | |
Transfer to equity691/2 |
- | - | - | - | 15,000 | - | 1,900 | - | |
To the legal reserve6920 |
- | - | - | - | - | - | 1,900 | - | |
To other reserves6921 |
- | - | - | - | 15,000 | - | - | - | |
| Social balance sheet | |||||||||
Average staff (FTE)9087 |
- | - | 1 | - | - | - | - | - | |
Hours worked1013 |
- | - | 21 | - | - | - | - | - | |
| Document | |||||||||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2024 (PDF), filed on 08-07-2025.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 08-07-2025 | 2025-00257918 | |
| 31-12-2023 | micro format | 11-06-2024 | 2024-00145057 | |
| 31-12-2022 | micro format | 18-06-2023 | 2023-00142097 | |
| 31-12-2021 | micro format | 18-06-2022 | 2022-20072140 | |
| 31-12-2020 | micro format | 31-05-2021 | 2021-16300317 | |
| 31-12-2019 | micro format | 15-06-2020 | 2020-17100361 | |
| 31-12-2018 | micro format | 12-06-2019 | 2019-18600581 | |
| 31-12-2017 | micro format | 22-05-2018 | 2018-13700337 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| EBITDA | -6,251 | -13,119 | -6,097 | -1,135 | 24,998 | 9,246 | 17,258 | 856 | |
| Cash flow | -6,847 | -13,733 | -6,696 | -1,248 | 19,332 | 6,595 | 13,730 | -357 | |
| Investment in fixed assets (approximation) | 2,262 | 0 | 0 | 2,001 | 6,760 | 0 | 0 | 17,765 | |
| Change in cash | -5,837 | -14,289 | -8,029 | -10,698 | 18,031 | 9,679 | 13,775 | - | |
| Working capital | 4,421 | 11,238 | 24,971 | 31,697 | 34,796 | 22,013 | 15,298 | 2,489 | |
| Solvency | 64.2% | 82.1% | 91.9% | 90.7% | 80.7% | 76.8% | 79.4% | 68.4% | |
| Current ratio | 3.34 | 6.74 | 16.09 | 10.79 | 4.27 | 3.46 | 3.38 | 1.45 | |
| Debt to equity | 0.56 | 0.22 | 0.09 | 0.10 | 0.24 | 0.30 | 0.26 | 0.46 | |
| ROE | -159.0% | -123.3% | -36.0% | -13.6% | 33.9% | 14.9% | 43.5% | -22.3% | |
| ROA | -102.0% | -101.2% | -33.1% | -12.4% | 27.4% | 11.5% | 34.5% | -15.3% | |
| Interest coverage | -13.32 | -26.37 | -12.55 | -4.26 | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2022 |
|---|---|
| Average over the year, in full-time equivalents | 0.1 |
| Joined | 1 |
| Left | 1 |
Source: social balance sheet in the 2022 annual accounts
Investments
fixed assets acquired| Item | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Tangible fixed assets | €2,262 | - | - | €2,001 |
| Depreciation and write-downs of the year | €1,852 | €3,733 | €4,696 | €4,621 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Insights on CHAMPACA
The operating result for 2024 is a loss of €8,103, smaller than the loss of €16,852 in 2023.
Debt's share of the balance-sheet total rises from 17.9% to 35.8%. Equity and debt are lower.