KAMA PROJECTS
ActiveSummary
KAMA PROJECTS has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€244,035) and a net result of -€21,118. Equity is shrinking by ~15.9% per year across the filed fiscal years. Its solvency ranks better than 5% of 19362 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability21▼-61
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.95 against 1.01 in 2023; short-term debt: 105.5% and cash: 3.1% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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 2024Solvency, return and age of the figures
Solvency
-74.8%
Return on assets
-6.5%
Age of the figures
21 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€244,035
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-01-2026, 182 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
182 d late
2023
153 d late
2022
153 d late
2021
96 d late
2020
46 d late
2019
55 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 114 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€244,035▼ 9.5%
2023 · -€222,917
Total assets
€326,432▼ 6.6%
2023 · €349,331
Net result
-€21,118
2023 · €62,055
Working capital
-€18,107
2023 · €3,011
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate 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
Line20202021202220232024
Operating result-€9,532▲ 2.4%€43,066-€115,973€93,815-€5,916
Net result-€37,092below the sector's middle half▲ 17.3%€19,552within the sector's middle half-€137,524below the sector's middle half€62,055above the sector's middle half-€21,118below the sector's middle half
Equity-€167,000below the sector's middle half▼ 28.6%-€147,448below the sector's middle half▲ 11.7%-€284,972below the sector's middle half▼ 93.3%-€222,917below the sector's middle half▲ 21.8%-€244,035below the sector's middle half▼ 9.5%
Total assets€2.8mabove the sector's middle half▲ 0.2%€2.9mabove the sector's middle half▲ 2.1%€1.5mabove the sector's middle half▼ 46.6%€349,331within the sector's middle half▼ 77.2%€326,432within the sector's middle half▼ 6.6%
Debt€3.0m▲ 1.4%€3.0m▲ 1.3%€1.8m▼ 39.8%€572,248▼ 68.5%€570,467▼ 0.3%
Working capital€217,954▼ 14.4%€237,588▲ 9.0%€100,064▼ 57.9%€3,011▼ 97.0%-€18,107
Solvency-5.9%below the sector's middle half▼ 1.3pp-5.1%below the sector's middle half▲ 0.8pp-18.6%below the sector's middle half▼ 13.5pp-63.8%below the sector's middle half▼ 45.2pp-74.8%below the sector's middle half▼ 10.9pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, 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 2024: a loss of €5,916 after €93,815 in 2023.
Key figures and ratios
Current ratio
0.95▼
2023 · 1.01
Quick ratio
0.04▼
2023 · 0.10
Debt to equity
-2.34▲
2023 · -2.57
ROA
-6.5%▼
2023 · 17.8%
Debt ≤ 1 year
€344,539▼
2023 · €346,320
Debt > 1 year
€225,928=
2023 · €225,928
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,798 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- negative equity
- a small loss
1.9%
went bankrupt
6.0%
stopped otherwise
90%
still going
A further 2.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 2,798 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | €10,390 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €82 | €82 | - | - | - | - |
| Other operating charges640/8 | - | €6,461 | €25,291 | €2,219 | €118 | ▼ 94.7% |
| Gross operating margin9900 | -€9,154 | €49,610 | -€90,683 | €96,034 | -€5,798 | ▼ 106% |
| Operating profit (loss)9901 | -€9,532 | €43,066 | -€115,973 | €93,815 | -€5,916 | ▼ 106% |
| Recurring financial income75 | €2 | - | - | - | - | - |
| Financial charges65/66B | - | €23,515 | €21,551 | €31,760 | €15,202 | ▼ 52.1% |
| Recurring financial charges65 | €27,563 | €23,515 | €21,551 | €31,760 | €15,202 | ▼ 52.1% |
| Profit (loss) for the period before taxes9903 | -€37,092 | €19,552 | -€137,524 | €62,055 | -€21,118 | ▼ 134% |
| Profit (loss) for the period9904 | -€37,092 | €19,552 | -€137,524 | €62,055 | -€21,118 | ▼ 134% |
| Profit (loss) for the period to be appropriated9905 | -€37,092 | €19,552 | -€137,524 | €62,055 | -€21,118 | ▼ 134% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.8m | €2.9m | €1.5m | €349,331 | €326,432 | ▼ 6.6% |
| Fixed assets21/28 | €82 | - | - | - | - | - |
| Tangible fixed assets22/27 | €82 | - | - | - | - | - |
| Current assets29/58 | €2.8m | €2.9m | €1.5m | €349,331 | €326,432 | ▼ 6.6% |
| Stocks and contracts in progress3 | €2.8m | €2.8m | €1.1m | €313,650 | €313,650 | = |
| Stocks30/36 | - | €2.8m | €1.1m | €313,650 | €313,650 | = |
| Amounts receivable within one year40/41 | €2,326 | €5,255 | €1,861 | €2,990 | €2,560 | ▼ 14.4% |
| Trade receivables40 | - | €3,394 | - | - | €699 | - |
| Other amounts receivable41 | - | €1,861 | €1,861 | €2,990 | €1,861 | ▼ 37.8% |
| Cash at bank and in hand54/58 | €2,278 | €57,224 | €390,624 | €32,691 | €10,222 | ▼ 68.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.8m | €2.9m | €1.5m | €349,331 | €326,432 | ▼ 6.6% |
| Equity10/15 | -€167,000 | -€147,448 | -€284,972 | -€222,917 | -€244,035 | ▼ 9.5% |
| Contributions10/11 | €606,200 | €606,200 | €606,200 | €606,200 | €606,200 | = |
| Reserves13 | €2,310 | €2,310 | €2,310 | €2,310 | €2,310 | = |
| Non-distributable reserves130/1 | - | €310 | €310 | €2,310 | €2,310 | = |
| Reserves not available under the articles1311 | - | €310 | €310 | €2,310 | €2,310 | = |
| Distributable reserves133 | - | €2,000 | €2,000 | - | - | - |
| Profit (loss) carried forward14 | -€775,510 | -€755,958 | -€893,482 | -€831,427 | -€852,545 | ▼ 2.5% |
| Amounts payable17/49 | €3.0m | €3.0m | €1.8m | €572,248 | €570,467 | ▼ 0.3% |
| Amounts payable after more than one year17 | €385,036 | €385,036 | €385,036 | €225,928 | €225,928 | = |
| Other amounts payable178/9 | - | €385,036 | €385,036 | €225,928 | €225,928 | = |
| Amounts payable within one year42/48 | €2.6m | €2.6m | €1.4m | €346,320 | €344,539 | ▼ 0.5% |
| Current portion of amounts payable after more than one year42 | - | €2.5m | €1.3m | €230,000 | €255,000 | ▲ 10.9% |
| Trade debts44 | €30 | - | €21,307 | - | €448 | - |
| Suppliers440/4 | - | - | €21,307 | - | €448 | - |
| Taxes, remuneration and social security45 | - | - | - | €323 | €234 | ▼ 27.6% |
| Taxes450/3 | - | - | - | €323 | €234 | ▼ 27.6% |
| Other amounts payable47/48 | - | €156,848 | €114,775 | €115,997 | €88,857 | ▼ 23.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€37,092 | €19,552 | -€137,524 | €62,055 | -€21,118 | ▼ 134% |
| + Depreciation and write-downs630 | €82 | €82 | - | - | - | - |
| Operating cash flow (approximation) | -€37,010 | €19,634 | -€137,524 | €62,055 | -€21,118 | ▼ 134% |
| Change in cash | - | €54,946 | €333,400 | -€357,933 | -€22,469 | ▲ 93.7% |
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
2026
29-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 182 days late
2024
31-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 153 days late
2023
31-12
Financial
Back to profitnet €62,055
Net result €62,055 after one loss-making year.
31-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 153 days late
2022
31-12
Financial
Weakest financial yearnet -€137,524
Net result drops to -€137,524, the lowest in the series; recovery starts the following year.
04-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 96 days late
2021
31-12
Financial
Back to profitnet €19,552
Net result €19,552 after 3 loss-making years.
15-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 46 days late
2020
24-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 55 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
01-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 1 day late
2017
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 61 days late
2016
01-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 1 day late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Brasschaat · 1 establishment unit since 1998
Ground area
4,769 m²
Building footprint
438 m²
Volume, LiDAR
3,641 m³
2 parcels, Flanders · tallest building 16.3 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
KAMAKRAB
since 19982.085.775.855
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11008H0273/00L002 | Flanders | 4,555 m² | 1 · 217 m² | 9.9 m · 2 fl. |
| 11324D0696/00A002 | Flanders | 214 m² | 1 · 221 m² | 16.3 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 9,699 companies in sector 68121 we hold annual accounts for 7,385. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-02-1998
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0462693265
Also
9925:BE0462693265
Registered
03-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.