D.S.Camel
ActiveSummary
The computed 12-month bankruptcy probability of D.S.Camel is 2.4% (moderate). The 2025 annual accounts show equity of €180k and a net result of €149k. Equity is growing by ~80.1% per year across the filed fiscal years. The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency95▲+16
Growth78=
Track record94
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity ample (current ratio 3.44 against 2.13 in 2024; short-term debt: 28.9% and cash: 26.4% of total assets), and 30.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
69.9%
Return on assets
57.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
27 d late
2024
25 d late
2023
72 d late
2022
31 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€180k▲ 251%
2024 · €51k
2022: €27klowest in 4 years
2023: €30k▲ +11.7% vs 2022
2024: €51k▲ +71.9% vs 2023
2025: €180k▲ +251% vs 2024highest in 4 years
2022 → 2025
Total assets
€257k▲ 173%
2024 · €94k
2022: €48klowest in 4 years
2023: €53k▲ +11.3% vs 2022
2024: €94k▲ +76.5% vs 2023
2025: €257k▲ +173% vs 2024highest in 4 years
2022 → 2025
Net result
€149k▲ 124%
2024 · €66k
2022: €24k
2023: €3k▼ -87.1% vs 2022lowest in 4 years
2024: €66k▲ +2032% vs 2023
2025: €149k▲ +124% vs 2024highest in 4 years
2022 → 2025
Working capital
€181k▲ 274%
2024 · €49k
2022: €19klowest in 4 years
2023: €27k▲ +41.3% vs 2022
2024: €49k▲ +79.4% vs 2023
2025: €181k▲ +274% vs 2024highest in 4 years
2022 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€27k-€30k▲ 11.7%€51k▲ 71.9%€180k▲ 251%
2022: €27klowest in 4 years
2023: €30k▲ +11.7% vs 2022
2024: €51k▲ +71.9% vs 2023
2025: €180k▲ +251% vs 2024highest in 4 years
Operating result€32k-€8k▼ 75.8%€91k▲ 1,087%€198k▲ 117%
2022: €32k
2023: €8k▼ -75.8% vs 2022lowest in 4 years
2024: €91k▲ +1087% vs 2023
2025: €198k▲ +117% vs 2024highest in 4 years
Net result€24k-€3k▼ 87.1%€66k▲ 2,032%€149k▲ 124%
2022: €24k
2023: €3k▼ -87.1% vs 2022lowest in 4 years
2024: €66k▲ +2032% vs 2023
2025: €149k▲ +124% vs 2024highest in 4 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 117% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €257k
Fixed assets
€1k ▼ 46.8%
Current assets
€256k ▲ 179%
Equity and liabilities €257k
Equity
€180k ▲ 251%
Debt
€78k ▲ 80.2%
Debt's share of the balance-sheet total falls from 45.6% to 30.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€199k▲
2024 · €92k
Cash flow
€150k▲
2024 · €68k
Current ratio
3.44▲
2024 · 2.13
Debt to equity
0.43▼
2024 · 0.84
ROE
82.6%▼
2024 · 129.6%
ROA
57.7%▼
2024 · 70.5%
Interest coverage
439.55▲
2024 · 138.91
Debt ≤ 1 year
€74k▲
2024 · €43k
Income taxes
€49k▲
2024 · €24k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€94k€257k▲
Fixed assets21/28€3k€1k▼
Tangible fixed assets22/27€3k€1k▼
Furniture and vehicles24€722-
Other tangible fixed assets26€2k€1k▼
Current assets29/58€92k€256k▲
Amounts receivable within one year40/41€56k€188k▲
Other amounts receivable41€56k€188k▲
Cash at bank and in hand54/58€31k€68k▲
Deferred charges and accrued income490/1€5k-
Equity and liabilities
Total equity and liabilities10/49€94k€257k▲
Equity10/15€51k€180k▲
Contributions10/11€3k€3k=
Profit (loss) carried forward14€49k€177k▲
Amounts payable17/49€43k€78k▲
Amounts payable within one year42/48€43k€74k▲
Trade debts44€10k€5k▼
Suppliers440/4€10k€5k▼
Taxes, remuneration and social security45€33k€69k▲
Taxes450/3€33k€69k▲
Accrued charges and deferred income492/3-€3k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€1k▼
Other operating charges640/8€497€775▲
Non-recurring operating charges66A€2k-
Gross operating margin9900€95k€200k▲
Operating profit (loss)9901€91k€198k▲
Financial income75/76B€0€0▲
Recurring financial income75€0€0▲
Financial charges65/66B€665€452▼
Recurring financial charges65€665€452▼
Profit (loss) for the period before taxes9903€90k€197k▲
Income taxes67/77€24k€49k▲
Profit (loss) for the period9904€66k€149k▲
Profit (loss) for the period to be appropriated9905€66k€149k▲
Appropriation of the result
Profit (loss) to be appropriated9906€94k€197k▲
Profit (loss) brought forward from the previous period14P€27k€49k▲
Profit to be distributed694/7€45k€20k▼
Return on contributions (dividend)694€45k-
Directors or managers695-€20k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €1k | €2k | €1k | ▼ 16.0% |
| Other operating charges640/8 | €1k | €4k | €497 | €775 | ▲ 55.8% |
| Non-recurring operating charges66A | €84 | - | €2k | - | - |
| Gross operating margin9900 | €36k | €13k | €95k | €200k | ▲ 110% |
| Operating profit (loss)9901 | €32k | €8k | €91k | €198k | ▲ 117% |
| Financial income75/76B | €2 | €0 | €0 | €0 | ▲ 167% |
| Recurring financial income75 | €2 | €0 | €0 | €0 | ▲ 167% |
| Financial charges65/66B | €169 | €2k | €665 | €452 | ▼ 32.0% |
| Recurring financial charges65 | €169 | €2k | €665 | €452 | ▼ 32.0% |
| Profit (loss) for the period before taxes9903 | €31k | €5k | €90k | €197k | ▲ 119% |
| Income taxes67/77 | €7k | €2k | €24k | €49k | ▲ 105% |
| Profit (loss) for the period9904 | €24k | €3k | €66k | €149k | ▲ 124% |
| Profit (loss) for the period to be appropriated9905 | €24k | €3k | €66k | €149k | ▲ 124% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €48k | €53k | €94k | €257k | ▲ 173% |
| Fixed assets21/28 | €8k | €3k | €3k | €1k | ▼ 46.8% |
| Tangible fixed assets22/27 | €8k | €3k | €3k | €1k | ▼ 46.8% |
| Furniture and vehicles24 | €8k | €2k | €722 | - | - |
| Other tangible fixed assets26 | - | €1k | €2k | €1k | ▼ 27.8% |
| Current assets29/58 | €40k | €50k | €92k | €256k | ▲ 179% |
| Amounts receivable within one year40/41 | - | €28k | €56k | €188k | ▲ 237% |
| Other amounts receivable41 | - | €28k | €56k | €188k | ▲ 237% |
| Cash at bank and in hand54/58 | €40k | €22k | €31k | €68k | ▲ 121% |
| Deferred charges and accrued income490/1 | - | - | €5k | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €48k | €53k | €94k | €257k | ▲ 173% |
| Equity10/15 | €27k | €30k | €51k | €180k | ▲ 251% |
| Contributions10/11 | €3k | €3k | €3k | €3k | = |
| Outside capital11 | €3k | €3k | - | - | - |
| Other1109/19 | €3k | €3k | - | - | - |
| Profit (loss) carried forward14 | €24k | €27k | €49k | €177k | ▲ 263% |
| Amounts payable17/49 | €21k | €24k | €43k | €78k | ▲ 80.2% |
| Amounts payable within one year42/48 | €21k | €23k | €43k | €74k | ▲ 73.0% |
| Trade debts44 | €2k | €6k | €10k | €5k | ▼ 48.6% |
| Suppliers440/4 | €2k | €6k | €10k | €5k | ▼ 48.6% |
| Taxes, remuneration and social security45 | €11k | €17k | €33k | €69k | ▲ 111% |
| Taxes450/3 | €11k | €17k | €33k | €69k | ▲ 111% |
| Other amounts payable47/48 | €8k | - | - | - | - |
| Accrued charges and deferred income492/3 | - | €384 | - | €3k | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24k | €3k | €66k | €149k | ▲ 124% |
| + Depreciation and write-downs630 | €3k | €1k | €2k | €1k | ▼ 16.0% |
| Operating cash flow (approximation) | €27k | €4k | €68k | €150k | ▲ 120% |
| Investment in fixed assets (approximation) | - | €3k | €-1k | €0 | ▲ 100% |
| Change in cash | - | €-18k | €8k | €37k | ▲ 342% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
31-12
Financial
Highest result since 2022net €149k ▲124%
Operating result €198k, net result €149k, both a record.
31-12
Financial
Equity above €150kEq €180k ▲251%
4 profitable years in a row build equity to €180k.
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
11-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 72 days late
2023
31-12
Financial
Weakest financial yearnet €3k ▼87.1%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Herstal · 1 establishment unit since 2022
Ground area
558 m²
Building footprint
158 m²
Volume, LiDAR
1,095 m³
Parcel 62314F0346/00C006, Wallonia · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
D.S.Camel
since 20222.330.460.038
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62314F0346/00C006 | Wallonia | 558 m² | 1 · 157 m² | 8.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company
Founded23-02-2022
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.