VACAM
ActiveSummary
VACAM has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.2m and a net result of -€6,504. Equity remains stable across the filed fiscal years (±0.3% per year). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability29▼-1
Solvency68=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65,000 at 30 days acceptable
Liquidity short (current ratio 0.05 against 1.31 in 2024; short-term debt: 1.9% and cash: 0.1% of total assets), and 57.5% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
42.5%
Return on assets
-0.2%
Age of the figures
9 mo
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 15-06-2026, 46 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
46 d early
2024
29 d early
2023
42 d early
2022
42 d early
2021
17 d early
2020
15 d early
2019
52 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 35 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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 20 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€6,504▼ 341%
2024 · -€1,475
Working capital
-€49,109
2024 · €14,167
Trend over the years
In euros
In euros
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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€42,797▲ 35.5%€47,670▲ 11.4%€46,287▼ 2.9%€57,128▲ 23.4%€53,519▼ 6.3%
Net result€12,166-€2,958-€4,223▼ 42.8%-€1,475▲ 65.1%-€6,504▼ 341%
Equity€1.2m▲ 1.0%€1.2m▼ 0.3%€1.2m▼ 0.4%€1.2m▼ 0.1%€1.2m▼ 0.6%
Total assets€2.5m▼ 0.3%€2.6m▲ 4.1%€2.6m▼ 0.7%€2.7m▲ 5.8%€2.7m▲ 0.6%
Debt€1.2m▼ 1.4%€1.3m▲ 8.9%€1.3m▼ 1.0%€1.4m▲ 11.9%€1.5m▲ 1.7%
Working capital-€6,899▲ 67.6%-€24,021▼ 248%-€32,900▼ 37.0%€14,167-€49,109
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 6% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.7m
Fixed assets
€2.7m ▲ 2.8%
Current assets
€2,319 ▼ 96.1%
Equity and liabilities €2.7m
Equity
€1.2m ▼ 0.6%
Provisions
€105,978 ▼ 1.1%
Debt
€1.5m ▲ 1.7%
Debt's share of the balance-sheet total rises from 53.0% to 53.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€74,530▼
2024 · €78,140
Cash flow
€14,507▼
2024 · €19,536
Current ratio
0.05▼
2024 · 1.31
Debt to equity
1.26▲
2024 · 1.23
ROE
-0.6%▼
2024 · -0.1%
ROA
-0.2%▼
2024 · -0.1%
Interest coverage
1.22▼
2024 · 1.31
Debt ≤ 1 year
€51,428▲
2024 · €45,777
Debt > 1 year
€1.4m▲
2024 · €1.4m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,611 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.1%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,340 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 8,611 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,011 | €21,011 | €21,011 | €21,011 | €21,011 | = |
| Other operating charges640/8 | €13,837 | €13,076 | €14,399 | €15,114 | €16,038 | ▲ 6.1% |
| Gross operating margin9900 | €77,645 | €81,757 | €81,697 | €93,253 | €90,568 | ▼ 2.9% |
| Operating profit (loss)9901 | €42,797 | €47,670 | €46,287 | €57,128 | €53,519 | ▼ 6.3% |
| Financial charges65/66B | €31,809 | €51,806 | €51,688 | €59,781 | €61,200 | ▲ 2.4% |
| Recurring financial charges65 | €31,809 | €51,806 | €51,688 | €59,781 | €61,200 | ▲ 2.4% |
| Profit (loss) for the period before taxes9903 | €10,988 | -€4,136 | -€5,401 | -€2,653 | -€7,681 | ▼ 190% |
| Transfer from deferred taxes780 | €1,178 | €1,178 | €1,178 | €1,178 | €1,178 | = |
| Profit (loss) for the period9904 | €12,166 | -€2,958 | -€4,223 | -€1,475 | -€6,504 | ▼ 341% |
| Transfer from tax-exempt reserves789 | €3,533 | €3,533 | €3,533 | €3,533 | €3,533 | = |
| Profit (loss) for the period to be appropriated9905 | €15,698 | €575 | -€691 | €2,057 | -€2,971 | ▼ 244% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.5m | €2.6m | €2.6m | €2.7m | €2.7m | ▲ 0.6% |
| Fixed assets21/28 | €2.5m | €2.6m | €2.6m | €2.7m | €2.7m | ▲ 2.8% |
| Tangible fixed assets22/27 | €2.5m | €2.6m | €2.6m | €2.7m | €2.7m | ▲ 2.8% |
| Land and buildings22 | €2.5m | €2.6m | €2.6m | €2.7m | €2.7m | ▲ 2.8% |
| Current assets29/58 | €31,039 | €20,646 | €12,316 | €59,944 | €2,319 | ▼ 96.1% |
| Cash at bank and in hand54/58 | €31,039 | €20,646 | €12,316 | €59,944 | €2,319 | ▼ 96.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.5m | €2.6m | €2.6m | €2.7m | €2.7m | ▲ 0.6% |
| Equity10/15 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | ▼ 0.6% |
| Contributions10/11 | €839,157 | €839,157 | €839,157 | €839,157 | €839,157 | = |
| Capital10 | €839,157 | €839,157 | €839,157 | €839,157 | €839,157 | = |
| Issued capital100 | €839,157 | €839,157 | €839,157 | €839,157 | €839,157 | = |
| Reserves13 | €341,979 | €338,447 | €334,914 | €331,382 | €327,849 | ▼ 1.1% |
| Non-distributable reserves130/1 | €9,916 | €9,916 | €9,916 | €9,916 | €9,916 | = |
| Legal reserve130 | €9,916 | €9,916 | €9,916 | €9,916 | €9,916 | = |
| Tax-exempt reserves132 | €332,064 | €328,531 | €324,999 | €321,466 | €317,933 | ▼ 1.1% |
| Profit (loss) carried forward14 | -€2,407 | -€1,832 | -€2,523 | -€465 | -€3,437 | ▼ 639% |
| Provisions and deferred taxes16 | €110,688 | €109,510 | €108,333 | €107,155 | €105,978 | ▼ 1.1% |
| Deferred taxes168 | €110,688 | €109,510 | €108,333 | €107,155 | €105,978 | ▼ 1.1% |
| Amounts payable17/49 | €1.2m | €1.3m | €1.3m | €1.4m | €1.5m | ▲ 1.7% |
| Amounts payable after more than one year17 | €1.2m | €1.3m | €1.2m | €1.4m | €1.4m | ▲ 1.3% |
| Financial debts170/4 | €169,519 | €236,219 | €191,003 | €145,228 | €98,889 | ▼ 31.9% |
| Other amounts payable178/9 | €987,143 | €1.0m | €1.1m | €1.3m | €1.3m | ▲ 5.2% |
| Amounts payable within one year42/48 | €37,938 | €44,667 | €45,216 | €45,777 | €51,428 | ▲ 12.3% |
| Current portion of amounts payable after more than one year42 | €5,772 | €5,772 | €5,772 | €5,772 | €5,772 | = |
| Financial debts43 | €32,166 | €38,895 | €39,444 | €40,005 | €40,570 | ▲ 1.4% |
| Credit institutions430/8 | €32,166 | €38,895 | €39,444 | €40,005 | €40,570 | ▲ 1.4% |
| Other amounts payable47/48 | - | - | - | - | €5,086 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,166 | -€2,958 | -€4,223 | -€1,475 | -€6,504 | ▼ 341% |
| + Depreciation and write-downs630 | €21,011 | €21,011 | €21,011 | €21,011 | €21,011 | = |
| Operating cash flow (approximation) | €33,177 | €18,053 | €16,788 | €19,536 | €14,507 | ▼ 25.7% |
| Investment in fixed assets (approximation) | - | -€133,866 | -€11,202 | -€123,560 | -€95,103 | ▲ 23.0% |
| Change in cash | - | -€10,393 | -€8,330 | €47,628 | -€57,626 | ▼ 221% |
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
01-09
State Gazette act
Reappointments: Cambier Alexis, Cambier Dimitri and 3 othersAppointment: Cambier Patrick (managing director)8 facts ▸
State Gazette act
Reappointments: Cambier Alexis, Cambier Dimitri and 3 others
Appointment: Cambier Patrick (managing director)8 facts ▸
- General meeting, 02-06-2026
- Board meeting, 02-06-2026
- Director reappointment, Cambier Alexis (director)
- Director reappointment, Cambier Dimitri (director)
- Director reappointment, Cambier Julie (director)
- Director reappointment, Cambier Sophie (director)
- Director reappointment, Cambier Patrick (director)
- Director appointment, Cambier Patrick (managing director)
15-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€6,504
Net result drops to -€6,504, the lowest in the series.
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity times 5current ratio 1.31
Current ratio from 0.27 to 1.31.
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €12,166
Net result €12,166 after one loss-making year.
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
09-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 8 acts read
About the unread acts
Of the 8 Belgian State Gazette acts we know for this company, 1 has been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
under verification, last change in 2026
This board is reconstructed from a single act (26110671). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Board 5
Cambier Alexis
CurrentDirector · since 02-06-2026
Cambier Dimitri
CurrentDirector · since 02-06-2026
Cambier Julie
CurrentDirector · since 02-06-2026
Cambier Patrick
CurrentDirector · since 02-06-2026
Sophie CAMBIER
CurrentDirector · since 02-06-2026
Day-to-day management 1
Cambier Patrick
CurrentManaging director · since 02-06-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
7 of this company's 8 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Silly · 1 establishment unit since 2019
Ground area
3,959 m²
Building footprint
187 m²
Volume, LiDAR
1,088 m³
Parcel 55021C0226/00F000, Wallonia · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VACAM
since 20192.333.302.930
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55021C0226/00F000 | Wallonia | 3,959 m² | 1 · 187 m² | 9.0 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.
Mandate history
5 people since 2026, 5 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Cambier Alexis |
|
| Cambier Dimitri |
|
| Cambier Julie |
|
| Cambier Patrick |
|
| Sophie CAMBIER |
|
Structure & network
Connections & network
1 connected companyThe connected companies are in the list below.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
Rugby Club Soignies
via Sophie CAMBIER · Director
→
Identification & contact
Identification
Legal formPublic limited company
Founded14-10-1988
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
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Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.