KAMA
ActiveSummary
KAMA has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €77k and a net result of €25k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 41% of 7058 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability86▲+1
Solvency68▲+17
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity short (current ratio 0.42 against 0.3 in 2024; short-term debt: 26.3% and cash: 5.9% of total assets), and 57.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
42.6%
Return on assets
13.7%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €77k
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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
2 d early
2023
19 d early
2022
3 d early
2021
73 d early
2020
11 d early
2019
126 d early
← 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
€77k▲ 47.4%
2024 · €52k
2018: €-35klowest in 8 years
2019: €-3k▲ +92.0% vs 2018
2020: €14k▲ +605% vs 2019
2021: €19k▲ +37.1% vs 2020
2022: €15k▼ -21.9% vs 2021
2023: €27k▲ +80.2% vs 2022
2024: €52k▲ +93.1% vs 2023
2025: €77k▲ +47.4% vs 2024highest in 8 years
2018 → 2025
Total assets
€181k▼ 9.3%
2024 · €199k
2018: €168k
2019: €168k▼ -0.3% vs 2018
2020: €168k● +0.0% vs 2019
2021: €161k▼ -3.9% vs 2020
2022: €147k▼ -8.6% vs 2021lowest in 8 years
2023: €210k▲ +42.6% vs 2022highest in 8 years
2024: €199k▼ -5.3% vs 2023
2025: €181k▼ -9.3% vs 2024
2018 → 2025
Net result
€25k▼ 1.7%
2024 · €25k
2018: €4k
2019: €32k▲ +748% vs 2018highest in 8 years
2020: €17k▼ -47.5% vs 2019
2021: €5k▼ -69.1% vs 2020
2022: €-4k▼ -181% vs 2021lowest in 8 years
2023: €12k▲ +387% vs 2022
2024: €25k▲ +109% vs 2023
2025: €25k▼ -1.7% vs 2024
2018 → 2025
Working capital
€-27k▲ 43.7%
2024 · €-49k
2018: €-101klowest in 8 years
2019: €-71k▲ +29.5% vs 2018
2020: €-55k▲ +23.2% vs 2019
2021: €-54k▲ +1.3% vs 2020
2022: €-63k▼ -16.3% vs 2021
2023: €-68k▼ -8.3% vs 2022
2024: €-49k▲ +28.2% vs 2023
2025: €-27k▲ +43.7% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€19k-€15k▼ 21.9%€27k▲ 80.2%€52k▲ 93.1%€77k▲ 47.4%
2021: €19k
2022: €15k▼ -21.9% vs 2021lowest in 5 years
2023: €27k▲ +80.2% vs 2022
2024: €52k▲ +93.1% vs 2023
2025: €77k▲ +47.4% vs 2024highest in 5 years
Operating result€7k-€-3k€20k€42k▲ 111%€40k▼ 5.5%
2021: €7k
2022: €-3k▼ -138% vs 2021lowest in 5 years
2023: €20k▲ +865% vs 2022
2024: €42k▲ +111% vs 2023highest in 5 years
2025: €40k▼ -5.5% vs 2024
Net result€5k-€-4k€12k€25k▲ 109%€25k▼ 1.7%
2021: €5k
2022: €-4k▼ -181% vs 2021lowest in 5 years
2023: €12k▲ +387% vs 2022
2024: €25k▲ +109% vs 2023highest in 5 years
2025: €25k▼ -1.7% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 5% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €181k
Fixed assets
€161k ▼ 9.7%
Current assets
€20k ▼ 6.0%
Equity and liabilities €181k
Equity
€77k ▲ 47.4%
Debt
€104k ▼ 29.4%
Debt's share of the balance-sheet total falls from 73.8% to 57.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€57k▼
2024 · €59k
Cash flow
€42k▼
2024 · €42k
Current ratio
0.42▲
2024 · 0.30
Debt to equity
1.35▼
2024 · 2.82
ROE
32.2%▼
2024 · 48.2%
ROA
13.7%▲
2024 · 12.6%
Interest coverage
12.69▲
2024 · 9.46
Debt ≤ 1 year
€47k▼
2024 · €70k
Debt > 1 year
€55k▼
2024 · €76k
Income taxes
€10k▼
2024 · €10k
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 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€199k€181k▼
Fixed assets21/28€178k€161k▼
Tangible fixed assets22/27€178k€161k▼
Land and buildings22€131k€127k▼
Plant, machinery and equipment23€1k€399▼
Furniture and vehicles24€3k€2k▼
Leasing and similar rights25€43k€31k▼
Financial fixed assets28€5€5=
Current assets29/58€21k€20k▼
Amounts receivable within one year40/41€19k€9k▼
Trade receivables40€18k€8k▼
Other amounts receivable41€176€679▲
Cash at bank and in hand54/58€3k€11k▲
Deferred charges and accrued income490/1-€833
Equity and liabilities
Total equity and liabilities10/49€199k€181k▼
Equity10/15€52k€77k▲
Contributions10/11€19k€19k=
Reserves13€34k€58k▲
Distributable reserves133€34k€58k▲
Amounts payable17/49€147k€104k▼
Amounts payable after more than one year17€76k€55k▼
Financial debts170/4€76k€55k▼
Amounts payable within one year42/48€70k€47k▼
Current portion of amounts payable after more than one year42€20k€21k▲
Trade debts44€1k€1k▼
Suppliers440/4€1k€1k▼
Taxes, remuneration and social security45€8k€6k▼
Taxes450/3€8k€6k▼
Remuneration and social security454/9€0-
Other amounts payable47/48€41k€20k▼
Accrued charges and deferred income492/3€1k€1k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€17k▲
Other operating charges640/8€4k€4k▲
Gross operating margin9900€63k€61k▼
Operating profit (loss)9901€42k€40k▼
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€6k€4k▼
Recurring financial charges65€6k€4k▼
Profit (loss) for the period before taxes9903€36k€35k▼
Income taxes67/77€10k€10k▼
Profit (loss) for the period9904€25k€25k▼
Profit (loss) for the period to be appropriated9905€25k€25k▼
Appropriation of the result
Profit (loss) to be appropriated9906€25k€25k▼
Profit (loss) brought forward from the previous period14P€0-
Transfer to equity691/2€25k€25k▼
To other reserves6921€25k€25k▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €4k | €9k | €17k | €17k | ▲ 2.2% |
| Other operating charges640/8 | €2k | €9k | €3k | €4k | €4k | ▲ 1.6% |
| Gross operating margin9900 | €13k | €11k | €31k | €63k | €61k | ▼ 3.0% |
| Operating profit (loss)9901 | €7k | €-3k | €20k | €42k | €40k | ▼ 5.5% |
| Financial income75/76B | €2k | €0 | - | - | €0 | - |
| Recurring financial income75 | €1 | €0 | - | - | €0 | - |
| Non-recurring financial income76B | €2k | - | - | - | - | - |
| Financial charges65/66B | €1k | €2k | €5k | €6k | €4k | ▼ 27.9% |
| Recurring financial charges65 | €1k | €2k | €5k | €6k | €4k | ▼ 27.9% |
| Profit (loss) for the period before taxes9903 | €7k | €-4k | €15k | €36k | €35k | ▼ 1.6% |
| Income taxes67/77 | €2k | €0 | €3k | €10k | €10k | ▼ 1.3% |
| Profit (loss) for the period9904 | €5k | €-4k | €12k | €25k | €25k | ▼ 1.7% |
| Transfer from tax-exempt reserves789 | €67 | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €5k | €-4k | €12k | €25k | €25k | ▼ 1.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €161k | €147k | €210k | €199k | €181k | ▼ 9.3% |
| Fixed assets21/28 | €144k | €140k | €192k | €178k | €161k | ▼ 9.7% |
| Tangible fixed assets22/27 | €144k | €140k | €192k | €178k | €161k | ▼ 9.7% |
| Land and buildings22 | €144k | €140k | €136k | €131k | €127k | ▼ 3.2% |
| Plant, machinery and equipment23 | - | - | €2k | €1k | €399 | ▼ 61.7% |
| Furniture and vehicles24 | - | - | - | €3k | €2k | ▼ 21.7% |
| Leasing and similar rights25 | - | - | €54k | €43k | €31k | ▼ 27.5% |
| Financial fixed assets28 | €10 | €10 | €5 | €5 | €5 | = |
| Current assets29/58 | €17k | €8k | €19k | €21k | €20k | ▼ 6.0% |
| Amounts receivable within one year40/41 | €4k | €3k | €10k | €19k | €9k | ▼ 53.4% |
| Trade receivables40 | €2k | €2k | €9k | €18k | €8k | ▼ 56.6% |
| Other amounts receivable41 | €2k | €423 | €656 | €176 | €679 | ▲ 285% |
| Cash at bank and in hand54/58 | €13k | €5k | €9k | €3k | €11k | ▲ 280% |
| Deferred charges and accrued income490/1 | - | - | - | - | €833 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €161k | €147k | €210k | €199k | €181k | ▼ 9.3% |
| Equity10/15 | €19k | €15k | €27k | €52k | €77k | ▲ 47.4% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €8k | €34k | €58k | ▲ 73.6% |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Tax-exempt reserves132 | €0 | - | - | - | - | - |
| Distributable reserves133 | €0 | - | €8k | €34k | €58k | ▲ 73.6% |
| Profit (loss) carried forward14 | €-1k | €-5k | €0 | - | - | - |
| Amounts payable17/49 | €142k | €133k | €183k | €147k | €104k | ▼ 29.4% |
| Amounts payable after more than one year17 | €70k | €61k | €96k | €76k | €55k | ▼ 27.3% |
| Financial debts170/4 | €70k | €61k | €96k | €76k | €55k | ▼ 27.3% |
| Amounts payable within one year42/48 | €71k | €70k | €87k | €70k | €47k | ▼ 32.2% |
| Current portion of amounts payable after more than one year42 | €9k | €8k | €19k | €20k | €21k | ▲ 2.6% |
| Trade debts44 | €256 | €467 | €2k | €1k | €1k | ▼ 6.5% |
| Suppliers440/4 | €256 | €467 | €2k | €1k | €1k | ▼ 6.5% |
| Taxes, remuneration and social security45 | €2k | €3k | €9k | €8k | €6k | ▼ 23.3% |
| Taxes450/3 | €2k | €3k | €7k | €8k | €6k | ▼ 23.3% |
| Remuneration and social security454/9 | - | - | €2k | €0 | - | - |
| Other amounts payable47/48 | €60k | €59k | €56k | €41k | €20k | ▼ 51.8% |
| Accrued charges and deferred income492/3 | €1k | €900 | €900 | €1k | €1k | ▼ 2.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5k | €-4k | €12k | €25k | €25k | ▼ 1.7% |
| + Depreciation and write-downs630 | €4k | €4k | €9k | €17k | €17k | ▲ 2.2% |
| Operating cash flow (approximation) | €9k | €50 | €21k | €42k | €42k | ▼ 0.1% |
| Investment in fixed assets (approximation) | - | €0 | €-61k | €-3k | €0 | ▲ 100% |
| Change in cash | - | €-8k | €3k | €-6k | €8k | ▲ 235% |
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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-4k
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
19-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
27-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €32k ▲748%
Net result €32k, the highest in the series.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
11-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 42 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Dendermonde · 1 establishment unit since 2008
Ground area
585 m²
Building footprint
131 m²
Volume, LiDAR
785 m³
Parcel 42021C0100/00E003, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
KatOnline Communicatie
since 20082.168.831.611
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42021C0100/00E003 | Flanders | 585 m² | 1 · 131 m² | 10.3 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.
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Of 9,862 companies in sector 73110 we hold annual accounts for 3,753. 3,040 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
Founded05-02-2008
Fiscal year end31-12
Activities, NACEBEL 2025
73110Advertising agencies
47400Retail sale of information and communication equipment
62100Computer programming
Scores and ratios are computed by Checked and are not a credit decision.