KAMA
ActiveSummary
KAMA has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.9m and a net result of €132,046. Equity is growing by ~14.9% per year across the filed fiscal years. Its solvency ranks better than 29% of 3221 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▲+40
Solvency53▲+1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €180,000 at 30 days acceptable
Liquidity short (current ratio 0.77 against 0.75 in 2024; short-term debt: 71.6% and cash: 3.2% of total assets), and 71.6% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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
28.4%
Return on assets
1.3%
Age of the figures
9 mo
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 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 d early
2024
6 d early
2023
4 d early
2022
3 d early
2021
31 d late
2020
32 d early
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 8 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€132,046▼ 75.9%
2024 · €547,778
Working capital
-€1.7m▲ 7.1%
2024 · -€1.8m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€24,366▲ 3,064%-€33,030-€42,159▼ 27.6%-€20,185▲ 52.1%-€38,461▼ 90.5%
Net result€181,686above the sector's middle half▲ 10.8%€176,398above the sector's middle half▼ 2.9%€429,153above the sector's middle half▲ 143%€547,778above the sector's middle half▲ 27.6%€132,046within the sector's middle half▼ 75.9%
Equity€1.6mabove the sector's middle half▲ 13.1%€1.7mabove the sector's middle half▲ 11.3%€2.2mabove the sector's middle half▲ 24.6%€2.7mabove the sector's middle half▲ 25.2%€2.9mwithin the sector's middle half▲ 4.9%
Total assets€9.6mabove the sector's middle half▲ 1.7%€9.8mabove the sector's middle half▲ 1.8%€10.2mabove the sector's middle half▲ 4.3%€9.9mabove the sector's middle half▼ 3.1%€10.0mwithin the sector's middle half▲ 1.2%
Debt€8.1m▼ 0.3%€8.1m▼ 0.1%€8.1m▼ 0.1%€7.2m▼ 10.7%€7.2m▼ 0.2%
Working capital-€3.0m▲ 59.2%-€2.8m▲ 7.7%-€2.4m▲ 14.5%-€1.8m▲ 23.5%-€1.7m▲ 7.1%
Solvency16.2%below the sector's middle half▲ 1.6pp17.8%below the sector's middle half▲ 1.5pp21.2%below the sector's middle half▲ 3.5pp27.4%within the sector's middle half▲ 6.2pp28.4%within the sector's middle half▲ 1.0pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2025 Net result -76% on 2024. The accounts now follow the full schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €38,461 in 2025 against €20,185 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10.0m
Fixed assets
€4.5m ▲ 0.1%
Current assets
€5.5m ▲ 2.0%
Equity and liabilities €10.0m
Equity
€2.9m ▲ 4.9%
Debt
€7.2m ▼ 0.2%
Debt's share of the balance-sheet total falls from 72.6% to 71.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€32,916▼
2024 · €43,098
Cash flow
€203,423▼
2024 · €611,061
Current ratio
0.77▲
2024 · 0.75
Debt to equity
2.52▼
2024 · 2.65
ROE
4.6%▼
2024 · 20.2%
ROA
1.3%▼
2024 · 5.5%
Interest coverage
7.97▲
2024 · 0.52
Debt ≤ 1 year
€7.2m▼
2024 · €7.2m
Income taxes
€44,533▲
2024 · €38,701
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 719 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 97% are still going.
- Medium-sized
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
0.8%
went bankrupt
1.4%
stopped otherwise
97%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 719 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €96,263 | €75,426 | €76,167 | €63,283 | €71,376 | ▲ 12.8% |
| Other operating charges640/8 | €7,322 | €7,452 | €8,066 | €12,099 | €11,165 | ▼ 7.7% |
| Gross operating margin9900 | €127,950 | €49,847 | €42,074 | €55,197 | €44,081 | ▼ 20.1% |
| Operating profit (loss)9901 | €24,366 | -€33,030 | -€42,159 | -€20,185 | -€38,461 | ▼ 90.5% |
| Financial income75/76B | €270,699 | €528,120 | €460,417 | €689,186 | €219,171 | ▼ 68.2% |
| Recurring financial income75 | €270,699 | €528,120 | €460,417 | €689,186 | €219,171 | ▼ 68.2% |
| Financial charges65/66B | €113,054 | €316,787 | -€31,285 | €82,522 | €4,131 | ▼ 95.0% |
| Recurring financial charges65 | €113,054 | €316,787 | -€31,285 | €82,522 | €4,131 | ▼ 95.0% |
| Profit (loss) for the period before taxes9903 | €182,010 | €178,302 | €449,543 | €586,479 | €176,580 | ▼ 69.9% |
| Transfer from deferred taxes780 | €0 | - | - | - | - | - |
| Income taxes67/77 | €324 | €1,904 | €20,390 | €38,701 | €44,533 | ▲ 15.1% |
| Profit (loss) for the period9904 | €181,686 | €176,398 | €429,153 | €547,778 | €132,046 | ▼ 75.9% |
| Profit (loss) for the period to be appropriated9905 | €181,686 | €176,398 | €429,153 | €547,778 | €132,046 | ▼ 75.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €9.6m | €9.8m | €10.2m | €9.9m | €10.0m | ▲ 1.2% |
| Fixed assets21/28 | €4.6m | €4.5m | €4.5m | €4.5m | €4.5m | ▲ 0.1% |
| Tangible fixed assets22/27 | €684,223 | €629,226 | €657,713 | €652,152 | €656,192 | ▲ 0.6% |
| Land and buildings22 | €540,021 | €504,833 | €460,060 | €444,417 | €400,175 | ▼ 10.0% |
| Furniture and vehicles24 | €94,202 | €74,393 | €42,999 | €53,082 | €101,364 | ▲ 91.0% |
| Other tangible fixed assets26 | €50,000 | €50,000 | €154,654 | €154,654 | €154,654 | = |
| Financial fixed assets28 | €3.9m | €3.9m | €3.9m | €3.9m | €3.9m | = |
| Current assets29/58 | €5.1m | €5.3m | €5.7m | €5.4m | €5.5m | ▲ 2.0% |
| Amounts receivable within one year40/41 | €2.8m | €3.2m | €3.3m | €3.0m | €2.2m | ▼ 26.7% |
| Trade receivables40 | €120,431 | €121,181 | €120,431 | €127,424 | €123,733 | ▼ 2.9% |
| Other amounts receivable41 | €2.7m | €3.1m | €3.2m | €2.9m | €2.1m | ▼ 27.8% |
| Current investments50/53 | €1.2m | €1.2m | €1.4m | €2.2m | €2.9m | ▲ 36.7% |
| Cash at bank and in hand54/58 | €1.1m | €849,500 | €925,315 | €185,174 | €318,112 | ▲ 71.8% |
| Deferred charges and accrued income490/1 | €740 | €832 | €329 | €2,855 | €3,387 | ▲ 18.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €9.6m | €9.8m | €10.2m | €9.9m | €10.0m | ▲ 1.2% |
| Equity10/15 | €1.6m | €1.7m | €2.2m | €2.7m | €2.9m | ▲ 4.9% |
| Contributions10/11 | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Capital10 | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Issued capital100 | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Reserves13 | €228,789 | €405,187 | €834,340 | €1.4m | €1.5m | ▲ 9.6% |
| Non-distributable reserves130/1 | €15,573 | €24,393 | €45,850 | €73,239 | €79,841 | ▲ 9.0% |
| Legal reserve130 | €15,573 | €24,393 | €45,850 | €73,239 | €79,841 | ▲ 9.0% |
| Distributable reserves133 | €213,216 | €380,794 | €788,489 | €1.3m | €1.4m | ▲ 9.6% |
| Amounts payable17/49 | €8.1m | €8.1m | €8.1m | €7.2m | €7.2m | ▼ 0.2% |
| Amounts payable within one year42/48 | €8.1m | €8.1m | €8.1m | €7.2m | €7.2m | ▼ 0.2% |
| Trade debts44 | €268 | €3,487 | €2,031 | €6,936 | €661 | ▼ 90.5% |
| Suppliers440/4 | €268 | €3,487 | €2,031 | €6,936 | €661 | ▼ 90.5% |
| Taxes, remuneration and social security45 | €37,919 | €34,212 | €34,164 | €3,378 | €3,445 | ▲ 2.0% |
| Taxes450/3 | €37,919 | €34,212 | €34,164 | €3,378 | €3,445 | ▲ 2.0% |
| Other amounts payable47/48 | €8.0m | €8.0m | €8.0m | €7.2m | €7.2m | ▼ 0.2% |
| Accrued charges and deferred income492/3 | €0 | - | - | €553 | €354 | ▼ 36.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €181,686 | €176,398 | €429,153 | €547,778 | €132,046 | ▼ 75.9% |
| + Depreciation and write-downs630 | €96,263 | €75,426 | €76,167 | €63,283 | €71,376 | ▲ 12.8% |
| Operating cash flow (approximation) | €277,949 | €251,824 | €505,320 | €611,061 | €203,423 | ▼ 66.7% |
| Investment in fixed assets (approximation) | - | -€20,429 | -€104,654 | -€57,723 | -€75,416 | ▼ 30.7% |
| Change in cash | - | -€226,754 | €75,815 | -€740,140 | €132,938 | ▲ 118% |
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
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €547,778 ▲27.6%
Net result €547,778, the highest in the series.
27-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €2mEq €2.2m ▲24.6%
6 profitable years in a row build equity to €2.2m.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €51,842 ▼61.4%
Net result drops to €51,842, the lowest in the series; recovery starts the following year.
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
07-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are 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, Antwerpen · 1 establishment unit since 1982
Ground area
1,643 m²
Building footprint
1,643 m²
Parcel 11810K1750/00X017, Flanders. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
Coebergerstraat 49B, 2018 Antwerpen
since 19822.020.692.023
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11810K1750/00X017 | Flanders | 1,643 m² | 1 · 1,643 m² | - |
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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
33.33%
According to the 2025 annual accounts of KAMA and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
967600VUTFH8H8VQHM09
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 16,381 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded22-06-1982
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
52100Warehousing and storage
E-invoicing
Reachable via Peppol
Peppol ID
0208:0422843487
Also
9925:BE0422843487
Registered
05-06-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.