ACTIVE

CAMAL

Financial year 2025 · closed on 31/12/2025
Net result
826,7 k €
-18.3% YoY
Revenue
41,7 M €
-1.1% YoY
Equity
8,9 M €
+10.2% YoY
Workforce
43,8 ETP
+1.9% YoY

What does CAMAL do?

CAMAL is a Public limited company incorporated in 1972. Its registered office is in Blégny. It employs on average 43,8 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0412.859.912
Incorporation
28/12/1972
Legal form
Public limited company
Registered office
Rue Légipont 12/000D
4671 Blégny · WallonieSee on map
Contributed capital
248 000,00 €
Latest accounts
31/12/2025
Average workforce
43,8 ETP
Joint committees (3)
  • 119
  • 200
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 20 financial years

20252024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Revenue41,7 M €42,2 M €40,5 M €36,1 M €29,3 M €25 M €26,2 M €25,6 M €24,9 M €22,8 M €22,9 M €21,9 M €20,1 M €19,3 M €19,6 M €18,6 M €16,6 M €16,2 M €15,9 M €14,1 M €
EBITDA1 M €1,3 M €1,6 M €2,2 M €1,4 M €312 k €283,1 k €562,3 k €620,8 k €333,9 k €484 k €422,3 k €333,9 k €339,9 k €192,5 k €233,1 k €265,2 k €297,8 k €611,7 k €410,2 k €
Operating result925 k €1,2 M €1,5 M €2,2 M €1,3 M €272,1 k €204,3 k €514,1 k €524 k €237,3 k €360,8 k €302,9 k €203,2 k €154,1 k €13,1 k €42,1 k €1,3 k €66,1 k €162,6 k €209 k €
Net result826,7 k €1 M €1,2 M €1,6 M €990,5 k €197 k €150,7 k €319,6 k €315 k €133 k €218,4 k €168,4 k €116,2 k €93,4 k €-26,5 k €24,8 k €-43 k €64,9 k €101 k €465,9 k €
Balance sheet
Equity8,9 M €8,1 M €7,1 M €5,9 M €4,3 M €3,3 M €3,1 M €2,9 M €2,6 M €2,3 M €2,2 M €2 M €1,8 M €1,7 M €1,6 M €1,6 M €1,6 M €1,6 M €1,6 M €1,5 M €
Total assets13,4 M €14,7 M €14,1 M €12,8 M €9,6 M €7,6 M €7,9 M €7,6 M €7,1 M €6,1 M €6 M €5,2 M €5 M €4,4 M €4,3 M €4,5 M €4,1 M €4,4 M €4 M €4 M €
Cash466 k €110,9 k €274,2 k €99,4 k €162,5 k €1,1 M €412,4 k €553,2 k €635,5 k €191,9 k €66,9 k €464,4 k €118,8 k €267,4 k €255,2 k €424,4 k €466,4 k €722,4 k €644,9 k €504 k €
Debts4,4 M €6,5 M €6,9 M €6,8 M €5,2 M €4,2 M €4,7 M €4,6 M €4,4 M €3,7 M €3,7 M €3,2 M €3,2 M €2,7 M €2,7 M €2,8 M €2,4 M €2,6 M €2,3 M €2,4 M €
Other
Workforce43,8 ETP43,0 ETP42,5 ETP38,1 ETP35,9 ETP36,6 ETP37,4 ETP37,5 ETP37,2 ETP35,8 ETP35,6 ETP38,5 ETP36,6 ETP36,2 ETP36,3 ETP35,1 ETP31,9 ETP33,0 ETP33,5 ETP31,9 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 39 ended

Active mandates

Christophe Guilmin

Director · since 01 janvier 2026 · until 06 juin 2031

Active
Joris Verheijen

Director · since 01 janvier 2026 · until 06 juin 2031

Active
ABOVE

Director · since 01 juin 2024 · until 30 avril 2026 · 0800.529.419

Represented by Olivier Schietse

Active
AGRUCO

Director · since 01 juin 2024 · until 31 mars 2026 · 0668.995.538

Represented by Peter Grugeon

Active
ORTEGAL

Director · since 05 mars 2024 · until 31 décembre 2026 · 0736.989.370

Represented by Edith Hamelryckx

Active
Tom Schiettecat

Director · since 05 mars 2024 · until 31 mars 2026

Active

Ended mandates

ABOVE

Director · since 01 juin 2024 · until 31 mai 2030 · 0800.529.419

Represented by Olivier Schietse

Ended
AGRUCO

Director · since 01 juin 2024 · until 31 mai 2030 · 0668.995.538

Represented by Peter Grugeon

Ended
ORTEGAL

Director · since 05 mars 2024 · until 05 mars 2030 · 0736.989.370

Represented by Edith Hamelryckx

Ended
The White Engine

Director · since 05 mars 2024 · until 01 juin 2024 · 0756.467.663

Represented by Pierre Stevens

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date23/06/202609/07/202519/06/202404/07/202323/06/202206/07/2021
General meeting05/06/202606/06/202507/06/202402/06/202303/06/202215/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202505/06/202623/06/2026FrenchPDF
Full model31/12/202406/06/202509/07/2025FrenchPDF
Full model31/12/202307/06/202419/06/2024FrenchPDF
Full model31/12/202202/06/202304/07/2023FrenchPDF
Full model31/12/202103/06/202223/06/2022FrenchPDF
Full model31/12/202015/06/202106/07/2021FrenchPDF
Full modelCorrection31/12/201904/06/202021/12/2020FrenchPDF
Full model31/12/201904/06/202016/07/2020FrenchPDF
Full model31/12/201807/06/201902/07/2019FrenchPDF
Full model31/12/201704/06/201807/06/2018FrenchPDF
Full model31/12/201602/06/201726/06/2017FrenchPDF
Full model31/12/201503/06/201627/06/2016FrenchPDF
Full model31/12/201405/06/201507/07/2015FrenchPDF
Full model31/12/201306/06/201414/07/2014FrenchPDF
Full model31/12/201207/06/201302/07/2013FrenchPDF
Full model31/12/201101/06/201228/06/2012FrenchPDF
Full model31/12/201003/06/201127/06/2011FrenchPDF
Full model31/12/200904/06/201006/07/2010FrenchPDF
Full model31/12/200805/06/200901/07/2009FrenchPDF
Full model31/12/200706/06/200804/07/2008FrenchPDF
Full model31/12/200630/03/200703/05/2007FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 39 ended

Active mandates

Christophe Guilmin

Director · since 01 janvier 2026 · until 06 juin 2031

Active
Joris Verheijen

Director · since 01 janvier 2026 · until 06 juin 2031

Active
ABOVE

Director · since 01 juin 2024 · until 30 avril 2026 · 0800.529.419

Represented by Olivier Schietse

Active
AGRUCO

Director · since 01 juin 2024 · until 31 mars 2026 · 0668.995.538

Represented by Peter Grugeon

Active
ORTEGAL

Director · since 05 mars 2024 · until 31 décembre 2026 · 0736.989.370

Represented by Edith Hamelryckx

Active
Tom Schiettecat

Director · since 05 mars 2024 · until 31 mars 2026

Active

Ended mandates

ABOVE

Director · since 01 juin 2024 · until 31 mai 2030 · 0800.529.419

Represented by Olivier Schietse

Ended
AGRUCO

Director · since 01 juin 2024 · until 31 mai 2030 · 0668.995.538

Represented by Peter Grugeon

Ended
ORTEGAL

Director · since 05 mars 2024 · until 05 mars 2030 · 0736.989.370

Represented by Edith Hamelryckx

Ended
The White Engine

Director · since 05 mars 2024 · until 01 juin 2024 · 0756.467.663

Represented by Pierre Stevens

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates26/08/2026
    Démission d'administrateur
    PDF
  • Mandates04/02/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates25/09/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates13/09/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates26/06/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates02/04/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates17/01/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates01/08/2023
    DEMISSIONS, NOMINATIONS
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025826,7 k €
  2. 2024
    Annual accounts 20241 M €
  3. 2023
    Annual accounts 20231,2 M €
  4. 2022
    Annual accounts 20221,6 M €
  5. 2021
    Annual accounts 2021990,5 k €
  6. 2020
    Annual accounts 2020197 k €
  7. 2019
    Annual accounts 2019150,7 k €
  8. 2018
    Annual accounts 2018319,6 k €
  9. 2017
    Annual accounts 2017315 k €
  10. 2016
    Annual accounts 2016133 k €
  11. 2015
    Annual accounts 2015218,4 k €
  12. 2014
    Annual accounts 2014168,4 k €
  13. 2013
    Annual accounts 2013116,2 k €
  14. 2012
    Annual accounts 201293,4 k €
  15. 2011
    Annual accounts 2011-26,5 k €
  16. 2010
    Annual accounts 201024,8 k €
  17. 2009
    Annual accounts 2009-43 k €
  18. 2008
    Annual accounts 200864,9 k €
  19. 2007
    Annual accounts 2007101 k €
  20. 2006
    Annual accounts 2006465,9 k €
  21. 28/12/1972
    IncorporationPublic limited company