KAMA
ActiveSummary
KAMA has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€22,375) and a net result of -€63,349. Equity is shrinking by ~19.7% per year across the filed fiscal years. Its solvency ranks better than 18% of 18626 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-66
Solvency11▼-32
Growth32=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.53 against 0.62 in 2024; short-term debt: 108.9% and cash: 2.8% of total assets), and equity is negative.
Credit check for your own amount and term
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-14.1%
Return on assets
-40.1%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more 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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€22,375
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 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 · 10 filingsDeviation from the deadline
2025
13 d late
2024
26 d late
2023
on the day
2022
13 d early
2021
62 d early
2020
44 d early
2019
59 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 20 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% 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. Usually files around 1 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€22,375
2024 · €40,974
Total assets
€158,169▼ 31.7%
2024 · €231,673
Net result
-€63,349
2024 · €2,833
Working capital
-€80,950▼ 25.7%
2024 · -€64,407
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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-€7,156-€51,129▼ 614%€38,832€11,611▼ 70.1%-€56,465
Net result-€15,168below the sector's middle half▼ 36,724%-€60,682below the sector's middle half▼ 300%€31,889above the sector's middle half€2,833within the sector's middle half▼ 91.1%-€63,349below the sector's middle half
Equity€66,933within the sector's middle half▼ 18.5%€6,251within the sector's middle half▼ 90.7%€38,141within the sector's middle half▲ 510%€40,974within the sector's middle half▲ 7.4%-€22,375below the sector's middle half
Total assets€257,549within the sector's middle half▲ 35.1%€225,901within the sector's middle half▼ 12.3%€245,953within the sector's middle half▲ 8.9%€231,673within the sector's middle half▼ 5.8%€158,169within the sector's middle half▼ 31.7%
Debt€190,615▲ 75.7%€219,650▲ 15.2%€207,813▼ 5.4%€190,699▼ 8.2%€180,544▼ 5.3%
Working capital-€26,628below the sector's middle half-€82,546below the sector's middle half▼ 210%-€76,133below the sector's middle half▲ 7.8%-€64,407below the sector's middle half▲ 15.4%-€80,950below the sector's middle half▼ 25.7%
Solvency26.0%within the sector's middle half▼ 17.1pp2.8%below the sector's middle half▼ 23.2pp15.5%within the sector's middle half▲ 12.7pp17.7%within the sector's middle half▲ 2.2pp-14.1%below the sector's middle half▼ 31.8pp
Current ratio0.82below the sector's middle half▼ 1.100.55below the sector's middle half▼ 0.270.57below the sector's middle half▲ 0.020.62below the sector's middle half▲ 0.050.53below the sector's middle half▼ 0.09
Return on assets (ROA)-5.9%below the sector's middle half▼ 5.9pp-26.9%below the sector's middle half▼ 21.0pp13.0%above the sector's middle half▲ 39.8pp1.2%within the sector's middle half▼ 11.7pp-40.1%below the sector's middle half▼ 41.3pp
Staff (FTE)5.96.6▲ 11.9%6.7▲ 1.5%7.2▲ 7.5%12.8▲ 77.8%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €56,465 after €11,611 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €158,169
Fixed assets
€66,926 ▼ 47.6%
Current assets
€91,243 ▼ 12.3%
Key figures and ratios
EBITDA
-€47,372▼
2024 · €31,431
Cash flow
-€54,255▼
2024 · €22,653
Quick ratio
0.09▼
2024 · 0.16
Debt to equity
-8.07▼
2024 · 4.65
Interest coverage
-8.34▼
2024 · 5.51
Debt ≤ 1 year
€172,193▲
2024 · €168,415
Debt > 1 year
€8,351▼
2024 · €22,285
Income taxes
€1,523▼
2024 · €3,087
Staff costs
€168,684▲
2024 · €130,762
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 678 companies that looked in July 2024 the way this one looks now, 6.8% went bankrupt within 24 months and 85% are still going.
- Small
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
6.8%
went bankrupt
6.2%
stopped otherwise
85%
still going
A further 2.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 678 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €2,271 | - | €78,522 | €17,200 | - | - |
| Remuneration, social security and pensions62 | €121,886 | €158,066 | €144,767 | €130,762 | €168,684 | ▲ 29.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,827 | €23,530 | €14,722 | €19,820 | €9,093 | ▼ 54.1% |
| Other operating charges640/8 | €1,829 | €3,071 | €3,246 | €4,127 | €23,306 | ▲ 465% |
| Non-recurring operating charges66A | - | - | €8,359 | - | €31,733 | - |
| Gross operating margin9900 | €135,386 | €133,538 | €209,927 | €166,320 | €176,350 | ▲ 6.0% |
| Operating profit (loss)9901 | -€7,156 | -€51,129 | €38,832 | €11,611 | -€56,465 | ▼ 586% |
| Financial income75/76B | €65 | €29 | €89 | €13 | €322 | ▲ 2,393% |
| Recurring financial income75 | €65 | €29 | €89 | €13 | €322 | ▲ 2,393% |
| Financial charges65/66B | €8,028 | €9,333 | €6,218 | €5,704 | €5,682 | ▼ 0.4% |
| Recurring financial charges65 | €8,028 | €9,333 | €6,218 | €5,704 | €5,682 | ▼ 0.4% |
| Profit (loss) for the period before taxes9903 | -€15,119 | -€60,432 | €32,703 | €5,920 | -€61,825 | ▼ 1,144% |
| Income taxes67/77 | €49 | €250 | €813 | €3,087 | €1,523 | ▼ 50.7% |
| Profit (loss) for the period9904 | -€15,168 | -€60,682 | €31,889 | €2,833 | -€63,349 | ▼ 2,336% |
| Profit (loss) for the period to be appropriated9905 | -€15,168 | -€60,682 | €31,889 | €2,833 | -€63,349 | ▼ 2,336% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €257,549 | €225,901 | €245,953 | €231,673 | €158,169 | ▼ 31.7% |
| Fixed assets21/28 | €139,245 | €125,175 | €145,903 | €127,665 | €66,926 | ▼ 47.6% |
| Intangible fixed assets21 | €76,471 | €67,671 | €135,737 | €118,937 | €60,866 | ▼ 48.8% |
| Tangible fixed assets22/27 | €62,684 | €57,414 | €10,077 | €8,639 | €5,971 | ▼ 30.9% |
| Land and buildings22 | €2,680 | €2,216 | - | - | €4,640 | - |
| Plant, machinery and equipment23 | €857 | €4,256 | €3,999 | €2,765 | €320 | ▼ 88.4% |
| Furniture and vehicles24 | €56,172 | €43,333 | - | - | - | - |
| Leasing and similar rights25 | €2,975 | €2,010 | €1,045 | €80 | - | - |
| Other tangible fixed assets26 | - | €5,598 | €5,032 | €5,794 | €1,011 | ▼ 82.6% |
| Financial fixed assets28 | €90 | €90 | €90 | €90 | €90 | = |
| Current assets29/58 | €118,303 | €100,726 | €100,050 | €104,008 | €91,243 | ▼ 12.3% |
| Stocks and contracts in progress3 | €72,464 | €79,013 | €80,845 | €76,872 | €75,231 | ▼ 2.1% |
| Stocks30/36 | €72,464 | €79,013 | €80,845 | €76,872 | €75,231 | ▼ 2.1% |
| Amounts receivable within one year40/41 | €25,518 | €4,042 | €6,982 | €21,369 | €11,579 | ▼ 45.8% |
| Trade receivables40 | €15,777 | €3,498 | €6,980 | €21,367 | €9,633 | ▼ 54.9% |
| Other amounts receivable41 | €9,741 | €544 | €1 | €2 | €1,947 | ▲ 92,160% |
| Cash at bank and in hand54/58 | €20,320 | €17,585 | €12,224 | €5,766 | €4,432 | ▼ 23.1% |
| Deferred charges and accrued income490/1 | - | €85 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €257,549 | €225,901 | €245,953 | €231,673 | €158,169 | ▼ 31.7% |
| Equity10/15 | €66,933 | €6,251 | €38,141 | €40,974 | -€22,375 | ▼ 155% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €48,333 | €13,736 | €19,541 | €22,374 | €22,374 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €46,473 | €11,876 | €19,541 | €22,374 | €22,374 | = |
| Profit (loss) carried forward14 | - | -€26,084 | - | - | -€63,349 | - |
| Amounts payable17/49 | €190,615 | €219,650 | €207,813 | €190,699 | €180,544 | ▼ 5.3% |
| Amounts payable after more than one year17 | €45,684 | €36,377 | €31,630 | €22,285 | €8,351 | ▼ 62.5% |
| Financial debts170/4 | €45,684 | €36,377 | €26,630 | €17,285 | €8,351 | ▼ 51.7% |
| Other amounts payable178/9 | - | - | €5,000 | €5,000 | - | - |
| Amounts payable within one year42/48 | €144,931 | €183,272 | €176,183 | €168,415 | €172,193 | ▲ 2.2% |
| Current portion of amounts payable after more than one year42 | €8,891 | €9,307 | €9,852 | €9,345 | €8,934 | ▼ 4.4% |
| Trade debts44 | €33,035 | €52,691 | €101,008 | €101,892 | €106,507 | ▲ 4.5% |
| Suppliers440/4 | €33,035 | €52,691 | €101,008 | €101,892 | €106,507 | ▲ 4.5% |
| Taxes, remuneration and social security45 | €16,990 | €34,961 | €20,986 | €32,985 | €34,643 | ▲ 5.0% |
| Taxes450/3 | €462 | €5,964 | €4,959 | €6,442 | €10,392 | ▲ 61.3% |
| Remuneration and social security454/9 | €16,528 | €28,996 | €16,026 | €26,543 | €24,251 | ▼ 8.6% |
| Other amounts payable47/48 | €86,015 | €86,313 | €44,337 | €24,192 | €22,110 | ▼ 8.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€15,168 | -€60,682 | €31,889 | €2,833 | -€63,349 | ▼ 2,336% |
| + Depreciation and write-downs630 | €18,827 | €23,530 | €14,722 | €19,820 | €9,093 | ▼ 54.1% |
| Operating cash flow (approximation) | €3,660 | -€37,151 | €46,612 | €22,653 | -€54,255 | ▼ 340% |
| Investment in fixed assets (approximation) | - | -€9,460 | -€35,451 | -€1,582 | €51,646 | ▲ 3,365% |
| Change in cash | - | -€2,735 | -€5,362 | -€6,457 | -€1,334 | ▲ 79.3% |
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
13-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 13 days late
2025
31-12
Financial
Weakest financial yearnet -€63,349
Net result drops to -€63,349, the lowest in the series.
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €31,889
Net result €31,889 after 3 loss-making years.
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
02-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
04-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
12-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro 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, Lebbeke · 1 establishment unit since 2020
Ground area
288 m²
Building footprint
135 m²
Volume, LiDAR
965 m³
Parcel 42011B0265/00N000, Flanders · tallest building 11.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
KAMA
since 20202.305.173.821
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42011B0265/00N000 | Flanders | 288 m² | 1 · 135 m² | 11.2 m · 3 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Recognitions · licences · registrations
Food safety, FASFC
1 siteLebbeke2.305.173.821
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Of 2,404 companies in sector 47241 we hold annual accounts for 1,101. 925 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-04-2005
Fiscal year end31-12
Activities, NACEBEL 2025
47241Retail sale of bread and pastry (bakery outlets)
10520Manufacture of food products
10711Manufacture of food products
10712Artisanal bread and fresh pastry making
10820Manufacture of cocoa, chocolate and sugar confectionery
47811Retail sale of cars and light vans (up to 3.5 tonnes)
46360Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0873512714
Also
9925:BE0873512714
Registered
25-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.