KAMY HAT
ActiveSummary
KAMY HAT has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€81,123) and a net result of €12,392. Equity is shrinking by ~40.7% per year across the filed fiscal years. Its solvency ranks better than 5% of 4814 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Overview
What they do
Non-scheduled passenger transport by road
NACE 49320
#7 oldest company in Oudenaarde, Transport and storage sector1 site
How big
€20,531total assets 2025
- Equity
- -€81,123
- Profit
- €12,392
Turnover not published (abridged schema)
Who decides
Accounts filed 30 d late0 of 3 deeds read
Why 55- Higher-failure-rate sector- Annual accounts: weaker financial profile- Weak solvency vs sector+ Long track recordFiled after the deadlineShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 6.45 against 2.53 in 2024; short-term debt: 14.5% and cash: 1.4% of total assets), but equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% 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 · 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
-395.1%
Return on assets
60.4%
Age of the figures
18 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 4814 sector peers (2025).
NBB · sector comparisonPosition among 4814 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-11-2025, 30 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
30 d late
2024
2 d early
2023
30 d late
2022
29 d late
2021
29 d late
2020
26 d late
2019
18 d late
← 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 23 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 29 November (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close01-10-2026 today31-10-2026 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Back to profitnet €12,392
- Liquidity triplescurrent ratio 6.45
Financials
Fiscal year 2025Total assets €20,531Profit €12,392Solvency -395.1%Liquidity 6.45
Total assets
€20,531▼ 18.4%
2019 - 2025
Net result
€12,392
2019 - 2025
Equity
-€81,123▲ 13.3%
2019 - 2025
Solvency
-395.1%▼ 23.7pp
2019 - 2025
Financials · fiscal year 2025, micro schema
In the rankings
#7 oldest company in Oudenaarde, Transport and storage sector
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€38,216▼ 34.9%-€26,889▲ 29.6%-€20,609▲ 23.4%-€11,452▲ 44.4%€13,231
Net result-€38,349below the sector's middle half▼ 33.3%-€27,498below the sector's middle half▲ 28.3%-€21,306below the sector's middle half▲ 22.5%-€12,274below the sector's middle half▲ 42.4%€12,392within the sector's middle half
Equity-€32,437below the sector's middle half-€59,935below the sector's middle half▼ 84.8%-€81,241below the sector's middle half▼ 35.5%-€93,515below the sector's middle half▼ 15.1%-€81,123below the sector's middle half▲ 13.3%
Total assets€38,267below the sector's middle half▼ 43.4%€31,213below the sector's middle half▼ 18.4%€29,022below the sector's middle half▼ 7.0%€25,174below the sector's middle half▼ 13.3%€20,531below the sector's middle half▼ 18.4%
Debt€70,705▲ 14.5%€91,148▲ 28.9%€110,263▲ 21.0%€118,689▲ 7.6%€101,654▼ 14.4%
Working capital€23,949within the sector's middle half▼ 45.7%€18,741within the sector's middle half▼ 21.7%€19,782within the sector's middle half▲ 5.6%€14,938within the sector's middle half▼ 24.5%€16,282within the sector's middle half▲ 9.0%
Solvency-84.8%below the sector's middle half▼ 93.5pp-192.0%below the sector's middle half▼ 107.3pp-279.9%below the sector's middle half▼ 87.9pp-371.5%below the sector's middle half▼ 91.5pp-395.1%below the sector's middle half▼ 23.7pp
Current ratio3.42above the sector's middle half▼ 0.063.23above the sector's middle half▼ 0.193.60above the sector's middle half▲ 0.372.53above the sector's middle half▼ 1.086.45above the sector's middle half▲ 3.92
Return on assets (ROA)-100.2%below the sector's middle half▼ 57.7pp-88.1%below the sector's middle half▲ 12.1pp-73.4%below the sector's middle half▲ 14.7pp-48.8%below the sector's middle half▲ 24.7pp60.4%above the sector's middle half▲ 109.1pp
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, 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 and balance sheet
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €13,231 after a loss of €11,452 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €20,531
Fixed assets
€1,262 ▲ 179%
Current assets
€19,269 ▼ 22.1%
Equity and liabilities
Equity-€81,123
Debt€101,654
Equity is negative: debt (€101,654) exceeds the balance-sheet total (€20,531).
Key figures and ratios
Key figures and ratios
EBITDA
€13,410▲
2024 · -€10,259
Cash flow
€12,571▲
2024 · -€11,081
Quick ratio
3.15▲
2024 · 0.86
Interest coverage
26.96▲
2024 · -16.00
Debt ≤ 1 year
€2,987▼
2024 · €9,783
Debt > 1 year
€98,667▼
2024 · €108,906
Income taxes
€344▲
2024 · €265
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,795 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.7%
went bankrupt
5.3%
stopped otherwise
92%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.3% 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 497,341 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% | 1.8% |
| 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 3,795 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.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €190 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,739 | €1,687 | €1,832 | €1,193 | €179 | ▼ 85.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €1,622 | -€175 | €2,553 | €2,464 | ▼ 3.5% |
| Other operating charges640/8 | - | €1,056 | €761 | €1,629 | €1,430 | ▼ 12.2% |
| Gross operating margin9900 | -€28,421 | -€22,523 | -€18,190 | -€6,077 | €17,304 | ▲ 385% |
| Operating profit (loss)9901 | -€38,216 | -€26,889 | -€20,609 | -€11,452 | €13,231 | ▲ 216% |
| Financial income75/76B | - | €232 | €40 | €84 | €2 | ▼ 97.5% |
| Recurring financial income75 | €474 | €232 | €40 | €84 | €2 | ▼ 97.5% |
| Financial charges65/66B | - | €606 | €455 | €641 | €497 | ▼ 22.4% |
| Recurring financial charges65 | €390 | €606 | €455 | €641 | €497 | ▼ 22.4% |
| Profit (loss) for the period before taxes9903 | -€38,132 | -€27,263 | -€21,023 | -€12,009 | €12,736 | ▲ 206% |
| Income taxes67/77 | €217 | €235 | €283 | €265 | €344 | ▲ 29.9% |
| Profit (loss) for the period9904 | -€38,349 | -€27,498 | -€21,306 | -€12,274 | €12,392 | ▲ 201% |
| Profit (loss) for the period to be appropriated9905 | -€38,349 | -€27,498 | -€21,306 | -€12,274 | €12,392 | ▲ 201% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €38,267 | €31,213 | €29,022 | €25,174 | €20,531 | ▼ 18.4% |
| Fixed assets21/28 | €4,440 | €4,073 | €1,646 | €453 | €1,262 | ▲ 179% |
| Tangible fixed assets22/27 | €4,410 | €2,723 | €1,361 | €168 | €1,262 | ▲ 652% |
| Plant, machinery and equipment23 | - | €2,331 | €932 | - | - | - |
| Furniture and vehicles24 | - | €392 | €428 | €168 | €1,262 | ▲ 652% |
| Financial fixed assets28 | €30 | €1,350 | €285 | €285 | - | - |
| Current assets29/58 | €33,828 | €27,140 | €27,376 | €24,721 | €19,269 | ▼ 22.1% |
| Stocks and contracts in progress3 | €18,840 | €18,157 | €19,531 | €16,320 | €9,856 | ▼ 39.6% |
| Stocks30/36 | - | €18,157 | €19,531 | €16,320 | €9,856 | ▼ 39.6% |
| Amounts receivable within one year40/41 | €11,606 | €6,218 | €4,152 | €5,462 | €8,195 | ▲ 50.0% |
| Trade receivables40 | - | €5,952 | €4,152 | €4,314 | €8,195 | ▲ 89.9% |
| Other amounts receivable41 | - | €266 | - | €1,148 | - | - |
| Cash at bank and in hand54/58 | €577 | €559 | €1,232 | €749 | €293 | ▼ 60.8% |
| Deferred charges and accrued income490/1 | - | €2,207 | €2,461 | €2,191 | €925 | ▼ 57.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €38,267 | €31,213 | €29,022 | €25,174 | €20,531 | ▼ 18.4% |
| Equity10/15 | -€32,437 | -€59,935 | -€81,241 | -€93,515 | -€81,123 | ▲ 13.3% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€52,897 | -€80,395 | -€101,701 | -€113,975 | -€101,583 | ▲ 10.9% |
| Amounts payable17/49 | €70,705 | €91,148 | €110,263 | €118,689 | €101,654 | ▼ 14.4% |
| Amounts payable after more than one year17 | €60,826 | €82,749 | €102,669 | €108,906 | €98,667 | ▼ 9.4% |
| Other amounts payable178/9 | - | €82,749 | €102,669 | €108,906 | €98,667 | ▼ 9.4% |
| Amounts payable within one year42/48 | €9,878 | €8,399 | €7,594 | €9,783 | €2,987 | ▼ 69.5% |
| Financial debts43 | - | €5,008 | €2,925 | €5,076 | €1,006 | ▼ 80.2% |
| Credit institutions430/8 | - | €5,008 | €2,925 | €5,076 | €1,006 | ▼ 80.2% |
| Trade debts44 | €4,392 | €2,734 | €2,887 | €4,381 | €1,516 | ▼ 65.4% |
| Suppliers440/4 | - | €2,734 | €2,887 | €4,381 | €1,516 | ▼ 65.4% |
| Advances received on contracts in progress46 | - | - | - | €44 | - | - |
| Taxes, remuneration and social security45 | - | €657 | €1,782 | €281 | €464 | ▲ 65.0% |
| Taxes450/3 | - | €657 | €1,782 | €281 | €464 | ▲ 65.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€38,349 | -€27,498 | -€21,306 | -€12,274 | €12,392 | ▲ 201% |
| + Depreciation and write-downs630 | €1,739 | €1,687 | €1,832 | €1,193 | €179 | ▼ 85.0% |
| Operating cash flow (approximation) | -€36,610 | -€25,811 | -€19,474 | -€11,081 | €12,571 | ▲ 213% |
| Investment in fixed assets (approximation) | - | -€1,320 | €595 | €0 | -€988 | - |
| Change in cash | - | -€18 | €674 | -€484 | -€455 | ▲ 5.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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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 6,969 companies in this sector we hold annual accounts for 2,717. See the whole sector
Timeline
13 eventsLatest 30-11-2025Next filing 31-10-2026
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
30-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
31-03
Financial
Back to profitnet €12,392
Net result €12,392 after 5 loss-making years.
31-03
Financial
Liquidity triplescurrent ratio 6.45
Current ratio from 2.53 to 6.45; short-term debt falls from €9,783 to €2,987.
2024
29-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
30-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2022
29-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2021
29-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
31-03
Financial
Weakest financial yearnet -€38,349
Net result drops to -€38,349, the lowest in the series; recovery starts the following year.
2020
26-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2019
18-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 18 days late
2018
26-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2017
27-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2016
24-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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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Company details
Private limited company · founded 11-02-1988Year ends 31-03Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company
Founded11-02-1988
Fiscal year end31-03
Activities, NACEBEL 2025
49320Non-scheduled passenger transport by road
14291Manufacture of wearing apparel
49410Freight transport by road
52260Warehousing and support activities for transportation
53200Other postal and courier activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0433444795
Also
9925:BE0433444795
Registered
02-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Oudenaarde · 1 establishment unit since 1988
Ground area
287 m²
Building footprint
515 m²
Volume, LiDAR
7,637 m³
Parcel 45035B0122/00H000, Flanders · tallest building 17.6 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
KAMY HAT
since 1988unit no. 2.035.963.286
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45035B0122/00H000 | Flanders | 287 m² | 1 · 515 m² | 17.6 m · 5 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.
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