Summary
KAMPANI is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €10.0m and a net result of -€1.4m. Equity is growing by ~21.4% per year across the filed fiscal years. Its solvency ranks better than 83% of 2444 sector peers (fiscal year 2025). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 17-07-2026, 14 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
14 d early
2024
9 d early
2023
6 d early
2022
35 d early
2021
4 d early
2020
38 d early
2019
35 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 14 days before the deadline, and 28% 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 22 July (5 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, full schema
In the rankings
#6 company by equity in Sint-Pieters-Woluwe, Finance and insurance sector#9 company by total assets in Sint-Pieters-Woluwe, Finance and insurance sector
Equity
€10.0m▲ 2.5%
2024 · €9.7m
Net result
-€1.4m▼ 1.0%
2024 · -€1.4m
Total assets
€10.6m▲ 3.9%
2024 · €10.2m
Solvency
94.2%▼ 1.3pp
2024 · 95.5%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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-€230,013▲ 28.9%-€792,240▼ 244%-€1.1m▼ 36.5%-€2.4m▼ 119%-€1.8m▲ 23.0%
Net result€65,260within the sector's middle half-€151,294below the sector's middle half-€520,628below the sector's middle half▼ 244%-€1.4mbelow the sector's middle half▼ 161%-€1.4mbelow the sector's middle half▼ 1.0%
Equity€3.0mabove the sector's middle half▲ 38.4%€8.6mwithin the sector's middle half▲ 188%€9.1mabove the sector's middle half▲ 6.0%€9.7mabove the sector's middle half▲ 6.9%€10.0mwithin the sector's middle half▲ 2.5%
Total assets€4.2mabove the sector's middle half▲ 88.3%€8.8mwithin the sector's middle half▲ 111%€9.1mabove the sector's middle half▲ 3.4%€10.2mabove the sector's middle half▲ 11.4%€10.6mwithin the sector's middle half▲ 3.9%
Debt€1.2m▲ 1,516%€252,608▼ 79.2%€40,283▼ 84.1%€424,796▲ 955%€581,320▲ 36.8%
Working capital€2.9mabove the sector's middle half▲ 44.4%€8.4mabove the sector's middle half▲ 187%€8.8mabove the sector's middle half▲ 5.1%€10.0mabove the sector's middle half▲ 13.3%€9.9mabove the sector's middle half▼ 1.1%
Solvency71.0%within the sector's middle half▼ 25.6pp97.1%above the sector's middle half▲ 26.1pp99.6%above the sector's middle half▲ 2.4pp95.5%above the sector's middle half▼ 4.0pp94.2%above the sector's middle half▼ 1.3pp
Current ratio3.55above the sector's middle half▼ 25.0118.12above the sector's middle half
Return on assets (ROA)1.6%within the sector's middle half▲ 12.7pp-1.7%below the sector's middle half▼ 3.3pp-5.7%below the sector's middle half▼ 4.0pp-13.3%below the sector's middle half▼ 7.6pp-13.0%below the sector's middle half▲ 0.4pp
Staff (FTE)0.8below the sector's middle half2.2within the sector's middle half▲ 175%0within the sector's middle half▼ 100%3.2above the sector's middle half3within the sector's middle half▼ 6.3%
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2023 Net result -244% on 2022. The accounts now follow the abbreviated schema, last year the full schema.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1.8m in 2025 against €2.4m in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10.6m
Fixed assets
€134,698 =
Current assets
€10.4m ▲ 4.0%
Equity and liabilities €10.6m
Equity
€10.0m ▲ 2.5%
Provisions
€30,000 =
Debt
€581,320 ▲ 36.8%
Debt's share of the balance-sheet total rises from 4.2% to 5.5%. Equity and debt are higher.
Key figures and ratios
ROE
-13.8%▲
2024 · -14.0%
Debt ≤ 1 year
€576,320▲
2024 · €63,200
Staff costs
€300,997▲
2024 · €276,987
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €2,795 | €23,268 | €50,000 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | €57,251 | €194,219 | €182,510 | €276,987 | €300,997 | ▲ 8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | - | - | - | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €0 | €463,378 | €426,213 | €1.6m | €704,726 | ▼ 54.8% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €30,000 | €0 | ▼ 100% |
| Other operating charges640/8 | €868 | €1,018 | €1,826 | €968 | €173,445 | ▲ 17,827% |
| Non-recurring operating charges66A | - | - | - | €11,000 | €0 | ▼ 100% |
| Gross operating margin9900 | -€171,895 | -€133,626 | -€470,500 | -€488,292 | -€643,027 | ▼ 31.7% |
| Operating profit (loss)9901 | -€230,013 | -€792,240 | -€1.1m | -€2.4m | -€1.8m | ▲ 23.0% |
| Financial income75/76B | €233,001 | €657,448 | €719,193 | €1.0m | €1.1m | ▲ 9.5% |
| Recurring financial income75 | €233,001 | €397,427 | €719,193 | €1.0m | €1.1m | ▲ 9.5% |
| Non-recurring financial income76B | - | €260,021 | €0 | - | - | - |
| Financial charges65/66B | -€62,272 | €16,501 | €158,772 | €3,105 | €655,771 | ▲ 21,017% |
| Recurring financial charges65 | -€62,272 | €16,501 | €57,543 | €3,105 | €655,771 | ▲ 21,020% |
| Non-recurring financial charges66B | - | - | €101,229 | €1 | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | €65,260 | -€151,294 | -€520,628 | -€1.4m | -€1.4m | ▼ 1.0% |
| Profit (loss) for the period9904 | €65,260 | -€151,294 | -€520,628 | -€1.4m | -€1.4m | ▼ 1.0% |
| Profit (loss) for the period to be appropriated9905 | €65,260 | -€151,294 | -€520,628 | -€1.4m | -€1.4m | ▼ 1.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.2m | €8.8m | €9.1m | €10.2m | €10.6m | ▲ 3.9% |
| Fixed assets21/28 | €134,698 | €394,719 | €293,490 | €134,698 | €134,698 | = |
| Financial fixed assets28 | €134,698 | €394,719 | €293,490 | €134,698 | €134,698 | = |
| Current assets29/58 | €4.1m | €8.4m | €8.8m | €10.0m | €10.4m | ▲ 4.0% |
| Amounts receivable after more than one year29 | €3.1m | €6.1m | €7.3m | €7.6m | €7.6m | ▼ 0.4% |
| Other amounts receivable291 | €3.1m | €6.1m | €7.3m | €7.6m | €7.6m | ▼ 0.4% |
| Amounts receivable within one year40/41 | €352,133 | €1.3m | €560,947 | €1.1m | €1.6m | ▲ 50.6% |
| Trade receivables40 | €0 | €1,226 | €6,661 | €12,532 | €18,171 | ▲ 45.0% |
| Other amounts receivable41 | €352,133 | €1.3m | €554,286 | €1.1m | €1.6m | ▲ 50.7% |
| Cash at bank and in hand54/58 | €453,044 | €744,742 | €584,570 | €1.0m | €930,763 | ▼ 9.8% |
| Deferred charges and accrued income490/1 | €146,514 | €336,883 | €429,058 | €304,389 | €289,815 | ▼ 4.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.2m | €8.8m | €9.1m | €10.2m | €10.6m | ▲ 3.9% |
| Equity10/15 | €3.0m | €8.6m | €9.1m | €9.7m | €10.0m | ▲ 2.5% |
| Contributions10/11 | €4.2m | €10.0m | €11.0m | €13.0m | €14.6m | ▲ 12.4% |
| Capital10 | €4.1m | €10.0m | €11.0m | €13.0m | €14.6m | ▲ 12.4% |
| Issued capital100 | €4.1m | €10.0m | €14.6m | €14.6m | €14.6m | = |
| Uncalled capital101 | €0 | - | €3.6m | €1.6m | €0 | ▼ 100% |
| Outside capital11 | €147,600 | €0 | - | - | - | - |
| Share premium1100/10 | €147,600 | €0 | - | - | - | - |
| Profit (loss) carried forward14 | -€1.2m | -€1.4m | -€1.9m | -€3.3m | -€4.7m | ▼ 41.4% |
| Provisions and deferred taxes16 | - | - | - | €30,000 | €30,000 | = |
| Provisions for liabilities and charges160/5 | - | - | - | €30,000 | €30,000 | = |
| Other liabilities and charges164/5 | - | - | - | €30,000 | €30,000 | = |
| Amounts payable17/49 | €1.2m | €252,608 | €40,283 | €424,796 | €581,320 | ▲ 36.8% |
| Amounts payable within one year42/48 | €1.1m | €65,275 | €40,283 | €63,200 | €576,320 | ▲ 812% |
| Current portion of amounts payable after more than one year42 | €1.0m | €0 | - | - | - | - |
| Financial debts43 | - | - | €1 | €0 | - | - |
| Credit institutions430/8 | - | - | €1 | €0 | - | - |
| Trade debts44 | €6,300 | €12,200 | €0 | €5,376 | €57,035 | ▲ 961% |
| Suppliers440/4 | €6,300 | €12,200 | €0 | €5,376 | €57,035 | ▲ 961% |
| Taxes, remuneration and social security45 | €28,298 | €32,568 | €33,837 | €42,916 | €65,122 | ▲ 51.7% |
| Taxes450/3 | €6,381 | €16,891 | €3,500 | €3,093 | €12,200 | ▲ 294% |
| Remuneration and social security454/9 | €21,917 | €15,677 | €30,337 | €39,823 | €52,922 | ▲ 32.9% |
| Other amounts payable47/48 | €110,306 | €20,507 | €6,445 | €14,907 | €454,162 | ▲ 2,947% |
| Accrued charges and deferred income492/3 | €71,760 | €187,333 | €0 | €361,596 | €5,000 | ▼ 98.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €65,260 | -€151,294 | -€520,628 | -€1.4m | -€1.4m | ▼ 1.0% |
| + Depreciation and write-downs630 | €0 | - | - | - | - | - |
| Operating cash flow (approximation) | €65,260 | -€151,294 | -€520,628 | -€1.4m | -€1.4m | ▼ 1.0% |
| Investment in fixed assets (approximation) | - | -€260,021 | €101,229 | €158,792 | €0 | ▼ 100% |
| Change in cash | - | €291,698 | -€160,172 | €446,796 | -€100,603 | ▼ 123% |
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
22-07
State Gazette act
Capital & shares · Statutes amendmentDeclaration · Capital increase · Shareholding21 facts ▸
State Gazette act
Capital & shares · Statutes amendment
Declaration · Capital increase · Shareholding21 facts ▸
- General meeting, 15-07-2026
- Declaration, waiver of report, 7:155 WVV
- Declaration, receipt of report, Elke aandeelhouder verklaart een exemplaar te hebben ontvangen en er kennis van te hebben genomen
- General meeting, éénparigheid van stemmen, keurt het verslag goed
- Capital increase, €2.501.093
- Declaration, waiver of reports, éénparigheid van stemmen
- Declaration, waiver of pre-emptive rights, de andere aandeelhouders uitdrukkelijk verzaakt hebben aan hun voorkeurrecht tot inschrijving op de kapitaalverhoging
- Shareholding, inschrijver, Liefdadigheidsstraat 18-26, 1210 Sint-Joost-ten-Node
- Shareholding, inschrijver, 45 West 36th Street, 8th Floor, New York, NY 10018, USA
- Power of attorney, Wouter VANDERSYPEN
- Capital contribution, €2.501.093
- Share issue, C, 1207
- +9 further facts in this act
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet -€1.4m
Net result drops to -€1.4m, the lowest in the series.
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
03-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity times 36current ratio 129.40
Current ratio from 3.55 to 129.40; short-term debt falls from €1.1m to €65,275.
31-12
Financial
Equity above €5mEq €8.6m ▲188%
Equity rises from €3.0m to €8.6m.
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €65,260
Net result €65,260 after 3 loss-making years.
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Show earlier events
2020
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
19-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 14 acts read
About the unread acts
Of the 14 Belgian State Gazette acts we know for this company, 1 has been read. The other 13 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
14 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sint-Pieters-Woluwe · 1 establishment unit since 2015
Ground area
1,246 m²
Building footprint
173 m²
Volume, LiDAR
1,643 m³
Parcel 21019A0188/00M007, Brussels · tallest building 19.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Roger Vandendriesschelaan 28A, 1150 Sint-Pieters-Woluwe
since 20152.246.879.888
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21019A0188/00M007 | Brussels | 1,246 m² | 1 · 173 m² | 19.2 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.
Articles of association
Share class
One provision in the deed
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
-
16.11%
According to the 2025 annual accounts of KAMPANI 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.
Capital and shareholders
Shareholders according to the acts
After the capital increase
act of 22-07-2026 ↗
- ALTERFIN GARANTIEFONDS (BE 0474.048.797) 1,207 shares · 1,000,603 EUR
- LIVELIHOOD IMPACT FUND, a program of Follow Your Dream Foundation, Inc 1,810 shares · 1,500,490 EUR
- Wouter VANDERSYPEN in cash
Stated in the act
act of 22-07-2026 ↗
- ALTERFIN GARANTIEFONDS (BE 0474.048.797) inschrijver
- Follow Your Dream Foundation, Inc inschrijver
Share transfer
act of 22-07-2026 ↗
- ALTERFIN GARANTIEFONDS (BE 0474.048.797) to KAMPANI 19 shares
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Capital over the years
- 22-07-2026 Capital increase of 2,501,093 EUR · to 20,099,385.40 EUR · 3,017 new shares · in cash
- 22-07-2026 Capital reduction of 19,696.61 EUR · to 20,079,688.79 EUR · repaid to the shareholders
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,800. 6,071 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
Founded05-02-2015
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
64999Other financial services
64929Financial service activities, except insurance and pension funding
Contact
E-mail
wvandersypen@kampani.orgSint-Pieters-Woluwe
E-invoicing
Reachable via Peppol
Peppol ID
0208:0597703409
Also
9925:BE0597703409
Registered
24-11-2023
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.