Result
€219,320 ▲ 69.5%
The result rose in 2025 from €129,397 to €219,320.
Proxy Ma Campagne
Lifetime
3 annual accounts with figures on one time axisGross marginpeak €1.2m (2025)
€1.2m▲ 38.1%
Resultlowest -€121,598 (2023)
€219,320▲ 69.5%
Equitypeak €486,864 (2025)
€486,864▲ 69.2%
Debts
€1.8m▲ 64.2%
Staffpeak 17.2 FTE (2025)
17.2 FTE▲ 16.2%
Board3 names since 2022
3 directorsAD VITAM and 2 others
Owners2 names in the annual accounts
25%Thomas Wellens Management
Documentsfilings and deeds
19-06-202642 days before the deadline
2025abbreviated format
Gross margin from €859,491 to €1.2mResult from €129,397 to €219,320Staff from 14.8 FTE to 17.2 FTEEquity from €287,818 to €486,864Debts from €1.1m to €1.8mInvestments €642,912
Key points
from the 2025 annual accountsTurnover
≈ €8.0m estimated
The accounts state no turnover.
Debts
€1.8m 79% of the balance sheet
Financial debts 43%Suppliers 24%Taxes and wages 9%Other 24%
Of this, €1.0m falls due within a year.
Investments
€642,912 3.9 × depreciation
Green is investment, beige is depreciation. Machinery stands 73.4% higher than in 2024.
Staff
22 employees on 31-12-2025
In 2025, 39 people joined and 33 left.
Position in the sector
€219,320
Higher net result than 90% of companies in retail trade. Sector median €27,541 · 12,801 companies.
Checked score
70
Healthy
Financially stronger than 68% of small companies in retail trade (NACE 47)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 3,698 companies (NACE 47, small).
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.9%
01-2025: 1.8%▼ -0.1 percentage points vs 12-2024
02-2025: 1.7%▼ -0.1 percentage points vs 01-2025
03-2025: 1.7%● unchanged vs 02-2025
04-2025: 1.7%● unchanged vs 03-2025
05-2025: 1.7%● unchanged vs 04-2025
06-2025: 2.0%▲ +0.3 percentage points vs 05-2025highest value
07-2025: 1.2%▼ -0.8 percentage points vs 06-2025
08-2025: 1.2%● unchanged vs 07-2025
09-2025: 1.2%● unchanged vs 08-2025
10-2025: 1.2%● unchanged vs 09-2025
11-2025: 1.2%● unchanged vs 10-2025
12-2025: 1.2%● unchanged vs 11-2025
01-2026: 1.2%● unchanged vs 12-2025
02-2026: 0.9%▼ -0.3 percentage points vs 01-2026
03-2026: 0.9%● unchanged vs 02-2026
04-2026: 1.0%▲ +0.1 percentage points vs 03-2026
05-2026: 1.0%● unchanged vs 04-2026
06-2026: 1.0%● unchanged vs 05-2026
07-2026: 1.2%▲ +0.2 percentage points vs 06-2026
08-2026: 1.4%▲ +0.2 percentage points vs 07-2026
09-2026: 1.5%▲ +0.1 percentage points vs 08-2026
10-2026: 0.8%▼ -0.7 percentage points vs 09-2026lowest value
11-2026: 0.8%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Founded in 2022
Size: 17.2 FTE, total assets €2.3m
lowers risk
Figures for financial year 2025 (filed on 19-06-2026)
Liquidity: current ratio 0.78, cash €399,591
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, small). It does better than 37% of them on solvency, 63% on liquidity, 79% on profitability and 93% on growth.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,602 companies had the same profile as Proxy Ma Campagne has now. Each dot stands for 5 companies, two years later.
96.6%
were still trading
0.9%
stopped another way
2.3%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Proxy Ma Campagne itself: 0.8% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,602 companies, not a prediction for Proxy Ma Campagne. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €30,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.78 (0.5 in 2024), below 1. Short-term debt is 44.8% and cash 17.4% of total assets. 78.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 19-06-2026, 42 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
42 days early
2024
43 days early
2023
26 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 37 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 19 June (3 of the last 3 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
FD
Ficette David
Director, since 01-01-2024
- AD VITAM 50%score 93equity €1.7m (2025) · 2025 annual accounts of AD VITAM
- Thomas Wellens Management 25%score 96equity €1.4m (2025) · 2025 annual accounts of Thomas Wellens Management
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0786757201
Incorporation
Founding capital of €120,000, 3,000 shares · Founders: AD VITAM and THOMAS WELLENS MANAGEMENT · Appointments: AD VITAM (director) and THOMAS WELLENS MANAGEMENT (director) · published on 07-06-2022 · Gazette deed
First establishment
Waterloose Steenweg 412G, Ixelles
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| Proxy Ma Campagne Ixelles | €2.3m | €1.2m | 21.3% | 17.2 |
| Superkamp Kampenhout | €2.2m | €1.4m | 78.7% | 15.7 |
| ISITOK Villers-la-Ville | €2.4m | €1.2m | 24.3% | 17.4 |
| GECODIS Namur | €2.9m | €1.3m | 30.5% | 17.5 |
| Nil Retail Niel | €1.9m | €1.0m | 5.8% | 15 |
| HAMSTER Veurne | €2.7m | €1.4m | 27.9% | 19.4 |
| STRABUONO Forest | €1.7m | €1.4m | 51.9% | 19.7 |
These companies have the same main activity as Proxy Ma Campagne: non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110). They are comparable in size and age: total assets between €1.7m and €2.9m, founded between 2020 and 2022.
Official details
Source: KBO- Status
- Active since 02-06-2022Normal situation
- Activity
- Non-specialised retail sale with food, beverages or tobacco predominatingNACE 47110
- Joint committee
- 201Independent retail · annual accounts 2025
- Establishment unit
- 2.332.246.4221050 Ixelles, since 02-06-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 13-07-2026
Annual accounts 2025
- Total assets
- €2.3m▲ 65.2%
- Employeeson 31-12-2025
- 22▲ 37.5%
- Filing
- Filed on 19-06-2026, 42 days before the end of the filing period
Insights on Proxy Ma Campagne
Proxy Ma Campagne files the abbreviated format. That format states no turnover. The gross margin rose from €74,207 in 2023 to €1.2m in 2025.
The balance sheet grew most in 2025 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Proxy Ma Campagne
- What is the company number of Proxy Ma Campagne?
- The company number of Proxy Ma Campagne is 0786.757.201. The VAT number is the same number with BE in front: BE 0786.757.201.
- Where is Proxy Ma Campagne based?
- The registered office is at Waterloose Steenweg 412G, 1050 Ixelles.Company details
- What does Proxy Ma Campagne do?
- According to the KBO register, the main activity is non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110).
- What is the legal form of Proxy Ma Campagne?
- Proxy Ma Campagne is a private limited company (BV).
- When was Proxy Ma Campagne founded?
- Proxy Ma Campagne was founded on 02-06-2022.
- Is Proxy Ma Campagne still active?
- Yes, Proxy Ma Campagne is an active enterprise in the KBO register.
- How many employees does Proxy Ma Campagne have?
- Proxy Ma Campagne had an average of 17.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Proxy Ma Campagne fall under?
- In its 2025 annual accounts, Proxy Ma Campagne states joint committee 201 (Independent retail).
- What is the turnover of Proxy Ma Campagne?
- The turnover in financial year 2025 is ≈ €8.0m. This figure is estimated from the gross margin of €1.2m and 30 comparable companies (NACE 471). It probably lies between €4.9m and €9.7m.
- Is Proxy Ma Campagne profitable?
- In financial year 2025, Proxy Ma Campagne made a profit of €219,320.
- Where can I find the annual accounts of Proxy Ma Campagne?
- Proxy Ma Campagne filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Proxy Ma Campagne due?
- Proxy Ma Campagne must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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