ACTIVE

CAMINO

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Financial year 2025 · closed on 31/12/2025

Net result

502,1 k €

-47.1% YoY

Revenue

1,4 M €

-4.9% YoY

Equity

103,2 M €

+0.5% YoY

Workforce

7,8 ETP

-15.2% YoY

What does CAMINO do?

CAMINO is a Public limited company incorporated in 2011. Its main activity is: Activities of holding companies. Its registered office is in Gent. It employs on average 7,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0840.975.647

Incorporation

28/10/2011

Legal form

Public limited company

Registered office

Landegemstraat 10
9031 Gent · FlandreSee on map

Contributed capital

36 000 000,00 €

Latest accounts

31/12/2025

Average workforce

7,8 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 70200Management consultancy activities 70220Business and other management consultancy activities

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012
Income statement
Revenue	1,4 M €	-4.9%	1,4 M €	-10.9%	1,6 M €	+8.0%	1,5 M €	+12.9%	1,3 M €	+4.4%	1,3 M €	+10.9%	1,2 M €	+31.1%	877,5 k €	+39.3%	630 k €		–		–		–		–		–
EBITDA	399,9 k €	+357%	87,4 k €	+198%	29,4 k €	-85.4%	201,6 k €	-27.5%	278,3 k €	-0.3%	279 k €	+143%	114,8 k €	+469%	20,2 k €	+238%	-14,6 k €	-144%	33,2 k €	-53.0%	70,6 k €	-7.3%	76,2 k €	-5.7%	80,8 k €	+92.3%	42 k €
Operating result	399,9 k €	+357%	87,4 k €	+198%	29,4 k €	-85.4%	201,6 k €	-27.5%	278,3 k €	-0.3%	279 k €	+143%	114,8 k €	+469%	20,2 k €	+238%	-14,6 k €	-144%	33,2 k €	-53.0%	70,6 k €	-7.3%	76,2 k €	-5.7%	80,8 k €	+246%	23,4 k €
Net result	502,1 k €	-47.1%	949,5 k €	+221%	296,1 k €	-96.8%	9,2 M €	+5.3%	8,8 M €	-31.0%	12,7 M €	+42.1%	9 M €	-49.4%	17,7 M €	+124%	7,9 M €	+320337%	2,5 k €	-93.9%	40,2 k €	+2.3%	39,3 k €	-8.6%	43 k €	+264%	11,8 k €
Balance sheet
Equity	103,2 M €	+0.5%	102,7 M €	+0.9%	101,7 M €	+0.3%	101,4 M €	+10.0%	92,2 M €	+10.5%	83,4 M €	+18.0%	70,7 M €	+14.5%	61,7 M €	-3.7%	64,1 M €	+14.1%	56,2 M €	+0.0%	56,2 M €	-26.3%	76,2 M €	+0.1%	76,2 M €	+0.1%	76,1 M €
Total assets	103,4 M €	+0.5%	102,9 M €	+0.9%	102 M €	+0.2%	101,8 M €	+2.8%	99 M €	+17.9%	83,9 M €	+18.0%	71,1 M €	+14.5%	62,1 M €	-5.0%	65,3 M €	+13.7%	57,5 M €	+2.1%	56,3 M €	-26.2%	76,3 M €	+0.1%	76,3 M €	+0.1%	76,2 M €
Cash	345,8 k €	-35.5%	536,4 k €	-88.5%	4,6 M €	-2.2%	4,8 M €	+12.8%	4,2 M €	+134%	1,8 M €	-87.5%	14,4 M €	+1332%	1 M €	-89.0%	9,1 M €	+456%	1,6 M €	+627%	225,3 k €	+14.7%	196,4 k €	+60.5%	122,4 k €	+135%	52 k €
Debts	258,9 k €	+5.7%	244,9 k €	-10.7%	274,2 k €	-12.4%	313,2 k €	-95.4%	6,8 M €	+1167%	534,2 k €	+16.8%	457,5 k €	+14.6%	399,2 k €	-67.8%	1,2 M €	-2.9%	1,3 M €	+957%	120,7 k €	+4.9%	115,1 k €	+11.4%	103,3 k €	+29.4%	79,8 k €
Other
Workforce	7,8 ETP	-15.2%	9,2 ETP	-8.9%	10,1 ETP	+3.1%	9,8 ETP	+3.2%	9,5 ETP	+18.8%	8,0 ETP	-9.1%	8,8 ETP	+8.6%	8,1 ETP	+9.5%	7,4 ETP	+12.1%	6,6 ETP	+10.0%	6,0 ETP	0.0%	6,0 ETP	-1.6%	6,1 ETP	+205%	2,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 21 ended

Active mandates

8822

Director · since 10 juin 2025 · until 16 juin 2028 · 0646.762.643

Represented by Yves Weyts

Active

Arma Consult

Director · since 10 juin 2025 · until 16 juin 2028 · 0778.537.242

Represented by Claude Lampole

Active

Stratix

Director · since 10 juin 2025 · until 16 juin 2028 · 1000.894.795

Represented by Olivier Maes

Active

Claudia Callens

Managing director · since 19 décembre 2023 · until 19 décembre 2029

Active

Joost Callens

Managing director · since 19 décembre 2023 · until 19 décembre 2029

Active

MANEXTENSO

Director · since 19 décembre 2023 · until 19 juin 2026 · 0862.224.090

Represented by Bert Niclaes

Active

Ended mandates

MANEXTENSO

Director · since 19 décembre 2023 · until 19 décembre 2029 · 0862.224.090

Represented by Bert Niclaes

Ended

MANEXTENSO

Director · since 28 juin 2019 · until 17 juin 2022 · 0862.224.090

Represented by Bert Niclaes

Ended

MANEXTENSO

Director · since 28 juin 2019 · until 28 juin 2022 · 0862.224.090

Represented by Bert Niclaes

Ended

MANEXTENSO

Director · since 28 juin 2019 · until 16 juin 2028 · 0862.224.090

Represented by Bert Niclaes

Ended

At this address

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	m120-f-p
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/06/2026	27/06/2025	24/06/2024	19/06/2023	01/07/2022	07/07/2021
General meeting	19/06/2026	20/06/2025	21/06/2024	16/06/2023	17/06/2022	22/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	19/06/2026	30/06/2026	Dutch	PDF
Full model	31/12/2024	20/06/2025	27/06/2025	Dutch	PDF
m120-f-p	31/12/2024	20/06/2025	01/07/2025	Dutch	PDF
Full model	31/12/2023	21/06/2024	24/06/2024	Dutch	PDF
m120-f-p	31/12/2023	21/06/2024	24/06/2024	Dutch	PDF
Full model	31/12/2022	16/06/2023	19/06/2023	Dutch	PDF
m120-f-p	31/12/2022	16/06/2023	19/06/2023	Dutch	PDF
Full model	31/12/2021	17/06/2022	01/07/2022	Dutch	PDF
m120-f-p	31/12/2021	17/06/2022	12/07/2022	Dutch	PDF
Full model	31/12/2020	22/06/2021	30/06/2021	Dutch	PDF
m120-f-p	31/12/2020	22/06/2021	07/07/2021	Dutch	PDF
Full model	31/12/2019	19/06/2020	06/07/2020	Dutch	PDF
m120-f-p	31/12/2019	19/06/2020	09/07/2020	Dutch	PDF
Full model	31/12/2018	28/06/2019	12/07/2019	Dutch	PDF
m120-f-p	31/12/2018	28/06/2019	12/07/2019	Dutch	PDF
Abridged model	31/12/2017	29/06/2018	28/07/2018	Dutch	PDF
Abridged model	31/12/2016	19/06/2017	06/07/2017	Dutch	PDF
Abridged model	31/12/2015	17/06/2016	08/07/2016	Dutch	PDF
Abridged model	31/12/2014	19/06/2015	18/07/2015	Dutch	PDF
Abridged model	31/12/2013	20/06/2014	08/07/2014	Dutch	PDF
Abridged model	31/12/2012	21/06/2013	12/07/2013	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 21 ended

Active mandates

8822

Director · since 10 juin 2025 · until 16 juin 2028 · 0646.762.643

Represented by Yves Weyts

Active

Arma Consult

Director · since 10 juin 2025 · until 16 juin 2028 · 0778.537.242

Represented by Claude Lampole

Active

Stratix

Director · since 10 juin 2025 · until 16 juin 2028 · 1000.894.795

Represented by Olivier Maes

Active

Claudia Callens

Managing director · since 19 décembre 2023 · until 19 décembre 2029

Active

Joost Callens

Managing director · since 19 décembre 2023 · until 19 décembre 2029

Active

MANEXTENSO

Director · since 19 décembre 2023 · until 19 juin 2026 · 0862.224.090

Represented by Bert Niclaes

Active

Ended mandates

MANEXTENSO

Director · since 19 décembre 2023 · until 19 décembre 2029 · 0862.224.090

Represented by Bert Niclaes

Ended

MANEXTENSO

Director · since 28 juin 2019 · until 17 juin 2022 · 0862.224.090

Represented by Bert Niclaes

Ended

MANEXTENSO

Director · since 28 juin 2019 · until 28 juin 2022 · 0862.224.090

Represented by Bert Niclaes

Ended

MANEXTENSO

Director · since 28 juin 2019 · until 16 juin 2028 · 0862.224.090

Represented by Bert Niclaes

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Capital / shares28/05/2026
KAPITAAL - AANDELEN
PDF
Mandates05/11/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/08/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/08/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/02/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/08/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/12/2020
ONTSLAGEN - BENOEMINGEN
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

21/05/2026
reduction_capital
2025
Annual accounts 2025502,1 k €↓
10/06/2025
nominationOlivier Maes — vaste vertegenwoordiger (voor Stratix BV)
10/06/2025
nominationClaude Lampole — vaste vertegenwoordiger (voor Arma Consult BV)
10/06/2025
nominationYves Weyts — vaste vertegenwoordiger (voor 8822 BV)
2024
Annual accounts 2024949,5 k €↑
01/01/2024
nominationBV V.R.C. Bedrijfsrevisoren — commissaris
2023
Annual accounts 2023296,1 k €↓
16/06/2023
reconductionJoost Callens — bestuurder
16/06/2023
reconductionClaudia Callens — bestuurder
2022
Annual accounts 20229,2 M €↑
17/06/2022
reconductionBV Manextenso — bestuurder
2021
Annual accounts 20218,8 M €↓
2020
Annual accounts 202012,7 M €↑
2019
Annual accounts 20199 M €↓
2018
Annual accounts 201817,7 M €↑
2017
Annual accounts 20177,9 M €↑
2016
Annual accounts 20162,5 k €↓
2015
Annual accounts 201540,2 k €↑
2014
Annual accounts 201439,3 k €↓
2013
Annual accounts 201343 k €↑
2012
Annual accounts 201211,8 k €
28/10/2011
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

CAMINO

Overview

What does CAMINO do?

Trend over 14 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline