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CHAMPACA

Active Private limited company (pre-2019)founded 2016active for 10 yearsBrugmannlaan 227, 1050 IxellesKBO/BCE: BE 0651.782.887

Overview

Lifetime

8 annual accounts with figures on one time axis
Gross 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 accounts

Losses

-€43,427 in four years
-5,8692021-11,3922022-17,4662023-8,6992024

Every financial year from 2021 to 2024 closed with a loss. 2023 was the heaviest.

Liquidity

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
AprilJune31 JulyOctober2020

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 strength
Average

Solvency
89-11equity 64.2% of total assets
Liquidity
92-7short-term debt 22.1% · cash 74.0%
Profitability
0=return on assets -102.0%

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
  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more

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.

The companies in ten equal groups, from the lowest to the highest expected share
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

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Seven signals.
lowers riskraises riskneutral
raises risk · Figures for financial year 2024 (filed on 11-07-2025)
NBB · annual accounts
lowers risk · Sector: Real estate activities (NACE 68)
KBO
lowers risk · Liquidity: current ratio 3.34, cash €6,307
NBB · annual accounts
lowers risk · Size: total assets €8,528
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
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 2024
Net 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 filings
Position 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 filings
Deviation 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)
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

PA
PEETERS AURELIE
Director, since 01-01-2019
IN
Director, Bovy Florence, since 18-03-2024
Board & ownership

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
All 16 events

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
Company details

Annual accounts 2024

Gross margin
-€5,259▲ 54.9%
Loss
€8,699▼ 50.2%
Equity
€5,471▼ 61.4%
Total assets
€8,528▼ 50.6%
Filing
Filed on 08-07-2025
Financials

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.

Financials

Annual accounts 2024

micro format, filed on 08-07-2025, 23 days before the deadline

2025 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 31-12-2024
What 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 Trend20242023202220212020201920182017
Balance sheet: assets
Total assets20/58 8,52817,26734,43247,43660,56842,08034,61722,704
Fixed assets21/28 2,2214,0737,80612,50215,12311,10312,87914,656
Tangible fixed assets22/27 2,2214,0737,80612,50215,12311,10312,87914,656
Furniture and vehicles24 0762,0324,9525,796---
Other tangible fixed assets26 2,2213,9975,7747,5509,32611,10312,87914,656
Current assets29/58 6,30713,19526,62634,93445,44530,97721,7378,049
Amounts receivable within one year40/41 01,050493301443,7254,1641,765
Trade receivables40 01,050-3301443,7254,125671
Other amounts receivable41 --49---391,094
Cash at bank and in hand54/58 6,30712,14526,43434,46245,16027,12917,4503,675
Deferred charges and accrued income490/1 --1431411411231232,609
Balance sheet: equity and liabilities
Total equity and liabilities10/49 8,52817,26734,43247,43660,56842,08034,61722,704
Equity10/15 5,47114,17131,63743,02948,89832,30627,48715,534
Contributions10/11 19,00019,00019,00019,00019,00019,00019,00019,000
Issued capital100 -----19,00019,00019,000
Reserves13 16,90016,90016,90016,90016,9001,9001,900-
Non-distributable reserves130/1 1,9001,9001,9001,9001,900---
Legal reserve130 -----1,9001,900-
Reserves not available under the articles1311 1,9001,9001,9001,9001,900---
Distributable reserves133 15,00015,00015,00015,00015,000---
Profit (loss) carried forward14 -30,429-21,729-4,2637,12912,99811,4066,587-3,466
Amounts payable17/49 3,0573,0962,7954,40711,6699,7747,1297,171
Amounts payable after more than one year17 1,1701,1401,1401,1701,0208106901,611
Financial debts170/4 -------801
Other amounts payable178/9 1,1701,1401,1401,1701,020810690810
Amounts payable within one year42/48 1,8871,9561,6553,23710,6498,9646,4395,560
Current portion of amounts payable after more than one year42 ------8012,368
Trade debts44 1,5789909291,1281,1162,8281,686877
Suppliers440/4 1,5789909291,1281,1162,8281,686877
Advances received on contracts in progress46 ----605-5342,314
Taxes, remuneration and social security45 2789526601,3028,1425,3953,419-
Taxes450/3 2789526601,3028,1425,3953,419-
Other amounts payable47/48 311466806787741--
Income statement
Gross operating margin9900 -5,259-11,672-3,9014226,09310,97917,9322,851
Remuneration, social security and pensions62 -52631-----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 1,8523,7334,6964,6212,7401,7761,7763,109
Other operating charges640/8 9921,3941,5651,1771,0951,7336731,995
Operating profit (loss)9901 -8,103-16,852-10,794-5,75622,2587,47015,482-2,253
Financial income75/76B 4807171104427
Recurring financial income75 4807171104427
Financial charges65/66B 4694984862665336914861,240
Recurring financial charges65 4694984862665336914861,240
Profit (loss) for the period before taxes9903 -8,525-17,349-11,272-6,00521,7366,77815,039-3,466
Income taxes67/77 175117120-1365,1441,9593,086-
Profit (loss) for the period9904 -8,699-17,466-11,392-5,86916,5924,81911,953-3,466
Profit (loss) for the period to be appropriated9905 -8,699-17,466-11,392-5,86916,5924,81911,953-3,466
Appropriation of the result
Profit (loss) to be appropriated9906 -30,429-21,729-4,2637,12927,99811,4068,487-3,466
Profit (loss) brought forward from the previous period14P -21,729-4,2637,12912,998----
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 PDFPDFPDFPDFPDFPDFPDFPDF

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.

Download as CSV

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 PDF
31-12-2023 micro format 11-06-2024 2024-00145057 PDF
31-12-2022 micro format 18-06-2023 2023-00142097 PDF
31-12-2021 micro format 18-06-2022 2022-20072140 PDF
31-12-2020 micro format 31-05-2021 2021-16300317 PDF
31-12-2019 micro format 15-06-2020 2020-17100361 PDF
31-12-2018 micro format 12-06-2019 2019-18600581 PDF
31-12-2017 micro format 22-05-2018 2018-13700337 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20242023202220212020201920182017
EBITDA -6,251-13,119-6,097-1,13524,9989,24617,258856
Cash flow -6,847-13,733-6,696-1,24819,3326,59513,730-357
Investment in fixed assets (approximation) 2,262002,0016,7600017,765
Change in cash -5,837-14,289-8,029-10,69818,0319,67913,775-
Working capital 4,42111,23824,97131,69734,79622,01315,2982,489
Solvency 64.2%82.1%91.9%90.7%80.7%76.8%79.4%68.4%
Current ratio 3.346.7416.0910.794.273.463.381.45
Debt to equity 0.560.220.090.100.240.300.260.46
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

Item31-12-2022
Average over the year, in full-time equivalents0.1
Joined1
Left1

Source: social balance sheet in the 2022 annual accounts

Investments

fixed assets acquired
Item2024202320222021
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.

Board & ownership

Board

2 directors, last change in 2024
PEETERS AURELIE
Director
since 01-01-2019
listed in the 2024 annual accounts, filed on 08-07-2025
Director, permanent representative Bovy Florence
since 18-03-2024 term without a fixed end
listed in the 2024 annual accounts, filed on 08-07-2025
Permanent representatives 1
Bovy Florence
Permanent representative, for IT'S NOT ONLY COMMUNICATION
appointed by deed of 12-06-2024

Office holders in the KBO →

Mandates through the years

2 names, the dashed line is today
PEETERS AURELIE
Director
Boardmandate already running before its first mention
Mandates as a list
  • PEETERS AURELIE
    • Director, from 01-01-2019 to date
  • IT'S NOT ONLY COMMUNICATION
    • Director, since before 31-12-2023

See the board, name and registered office on a given date →

Control

Capital

Contribution
€19,000
Source
2024 annual accounts

Network & group

No group

CHAMPACA has no parent and no holdings in its annual accounts.

At the same address

Brugmannlaan 227, 1050 Ixelles · 7 other companies
Secrets Marins
registered office since 17-02-2004 · founded in 2004 · negative equity (2025)
total assets €26,337 (2025)
0863.479.944
Verhoustraete, Charlotte (sole trader)
establishment since 01-06-2024
founded in 2024
1006.857.426
Leclercq, Christelle (sole trader)
establishment since 01-01-2022
founded in 2012
0810.097.082
Peeters, Aurélie (sole trader)
establishment since 02-03-2021
founded in 2021
0765.479.755
Dewolf, Marie (sole trader)
establishment since 18-02-2020
founded in 2020
0887.607.507
Dundic, Carlo (sole trader)
establishment since 04-07-2017
founded in 1993
0601.891.631
UP RIGHT DOWN
registered office since 18-11-1988
founded in 1988
0435.743.596

Connections & network

2 current directors
Depth

The network lets you explore the ties of CHAMPACA.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Timeline

16 events since 2016
2025
Annual accounts 2024 filed PDFmicro format · 23 days before the deadline
2024
Appointment: It's Not Only Communication (director)Permanent representative: Bovy Florence2 points ▸
  • Director appointment, It's Not Only Communication
  • Permanent representative, Bovy Florence
  • The deed holds 1 more point.

Open the deed in the Belgian Official Gazette

Annual accounts 2023 filed PDFmicro format · 50 days before the deadline
2023
Weakest financial year net -€17,466 The net result drops to -€17,466, the lowest from 2017 to 2024. It recovers the following year.
Annual accounts 2022 filed PDFmicro format · 43 days before the deadline
2022
Annual accounts 2021 filed PDFmicro format · 43 days before the deadline
2021
Liquidity more than doubled current ratio 10.79 The current ratio rises from 4.27 to 10.79. Short-term debt falls from €10,649 to €3,237.
Annual accounts 2020 filed PDFmicro format · 61 days before the deadline
2020
Highest result from 2017 to 2024 net €16,592 ▲244% The operating result of €22,258 and the net result of €16,592 are both a record.
Annual accounts 2019 filed PDFmicro format · 46 days before the deadline
2019
Annual accounts 2018 filed PDFmicro format · 49 days before the deadline
2018
Back to profit net €11,953 The net result is €11,953, after one loss-making year.
Liquidity more than doubled current ratio 3.38 The current ratio rises from 1.45 to 3.38.
Annual accounts 2017 filed PDFmicro format · 70 days before the deadline
2016
Incorporation PDFpublished on 20-04-2016
First establishment Brugmannlaan 227, Ixelles

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 11 April 2016, CHAMPACA was incorporated.1 Total assets went from €34,617 in 2018 to €8,528 in 2024.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2024

Company details

Identity

Enterprise number
0651.782.887
VAT number
BE 0651.782.887
Legal form
Private limited company (pre-2019)
Status
Active, normal situation
Founded
11-04-2016
Financial year
ends on 31 December
Peppol
Not found in the Peppol Directory
Name
CHAMPACA in French
Entity type
Legal entity

Registered office and establishments

1 establishment
Establishment Since Unit number
Brugmannlaan 227 registered office 1050 Ixelles 47120 Other non-specialised retail sale 11-04-2016 2.252.166.685

Buildings and parcels at the address

Ground area
189 m²
Buildings
107 m²
Volume, LiDAR
1,471 m³
Tallest building
17.9 m
Buildings to scale, each on its own parcel
107 m², 17.9 m 107 m², 17.9 m

Location

registered office establishment The establishment unit on the map
8 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
21447B0310/00M038189 m² 1 · 107 m² 17.9 m · 5

Invoicing and payment

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