CHARTA
ActiveCHARTA has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €75k and a net result of €29k. Equity is growing by ~33.4% per year across the filed fiscal years. Its solvency ranks better than 25% of 111 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
73
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▼-16
Solvency43▲+6
Growth65=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 2.11 against 2.01 in 2024; short-term debt: 12.5% and cash: 13.5% of total assets), but 82.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 20
Relative position
BE, all sectors
reference
Sector 20
lower
← 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
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
17.7%
Return on assets
6.8%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 111 sector peers (2025).
NBB · sector comparisonPosition among 111 sector peers
Solvency
better than 25%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
22 d late
2023
30 d late
2022
226 d late
2021
372 d late
2020
655 d late
2019
59 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€164k▼ 5.9%
2021 · €175k
2018: €152k
2019: €192k
2020: €172k
2021: €175k
2018 → 2022
EBIT margin
11.7%▲ 2.9pp
2021 · 8.8%
2018: 3.1%
2019: 10.5%
2020: 6.9%
2021: 8.8%
2018 → 2022
Net result
€29k▼ 61.6%
2024 · €74k
2018: €421
2019: €18k
2020: €9k
2021: €14k
2022: €7k
2023: €43k
2024: €74k
2018 → 2025
Working capital
€58k▲ 22.0%
2024 · €48k
2018: €24k
2019: €23k
2020: €-35k
2021: €-47k
2022: €-17k
2023: €-60k
2024: €48k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€175k-€164k▼ 5.9%
Equity€-70k-€-63k▲ 9.5%€-25k▲ 60.4%€48k€75k▲ 56.6%
Operating result€15k-€19k▲ 25.2%€55k▲ 185%€73k▲ 33.4%€27k▼ 62.7%
Net result€14k-€7k▼ 52.7%€43k▲ 545%€74k▲ 73.5%€29k▼ 61.6%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 63% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €422k
Fixed assets
€311k▲ 5.6%
Current assets
€111k▲ 16.3%
Equity and liabilities €422k
Equity
€75k▲ 56.6%
Debt
€348k▲ 1.5%
The debt ratio falls from 87.8% to 82.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€56k▼
2024 · €100k
Cash flow
€57k▼
2024 · €101k
Solvency
17.7%▲
2024 · 12.2%
Current ratio
2.11▲
2024 · 2.01
Quick ratio
2.01▲
2024 · 1.86
Debt / equity
4.66▼
2024 · 7.19
ROE
38.2%▼
2024 · 155.7%
ROA
6.8%▼
2024 · 19.0%
Interest coverage
240.52▼
2024 · 265.09
Debt
€348k▲
2024 · €342k
Debt ≤ 1 year
€53k▲
2024 · €48k
Debt > 1 year
€295k=
2024 · €295k
Staff costs
€41k▲
2024 · €39k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€390k€422k▲
Fixed assets21/28€295k€311k▲
Tangible fixed assets22/27€294k€311k▲
Land and buildings22€294k€311k▲
Financial fixed assets28€190€190=
Current assets29/58€96k€111k▲
Stocks and contracts in progress3€7k€5k▼
Stocks30/36€7k€5k▼
Amounts receivable within one year40/41€24k€28k▲
Trade receivables40€24k€28k▲
Cash at bank and in hand54/58€64k€57k▼
Deferred charges and accrued income490/1-€21k
Equity and liabilities
Total equity and liabilities10/49€390k€422k▲
Equity10/15€48k€75k▲
Contributions10/11€174k€174k=
Capital10€174k€174k=
Issued capital100€174k€174k=
Profit (loss) carried forward14€-181k€-152k▲
Investment grants15€54k€53k▼
Amounts payable17/49€342k€348k▲
Amounts payable after more than one year17€295k€295k=
Other amounts payable178/9€295k€295k=
Amounts payable within one year42/48€48k€53k▲
Trade debts44€14k€17k▲
Suppliers440/4€14k€17k▲
Taxes, remuneration and social security45€5k€5k▼
Taxes450/3€5k€5k▼
Other amounts payable47/48€29k€31k▲
Income statement
Code20242025
Remuneration, social security and pensions62€39k€41k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26k€29k▲
Other operating charges640/8€16k€17k▲
Gross operating margin9900€155k€113k▼
Operating profit (loss)9901€73k€27k▼
Financial income75/76B€2k€2k=
Recurring financial income75€2k€2k=
Financial charges65/66B€375€233▼
Recurring financial charges65€375€233▼
Profit (loss) for the period before taxes9903€74k€29k▼
Profit (loss) for the period9904€74k€29k▼
Profit (loss) for the period to be appropriated9905€74k€29k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-181k€-152k▲
Profit (loss) brought forward from the previous period14P€-255k€-181k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
31-12
Financial
Highest result since 2018net €74k ▲73.5%
Operating result €73k, net result €74k, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 2.01
Current ratio from 0.49 to 2.01; short-term debt falls from €118k to €48k.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
13-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 226 days late
2023
07-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 372 days late
17-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 655 days late
2020
02-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
21-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
29-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
21-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Gembloux · 1 establishment unit since 1992
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue des Poiriers, Sauv. 105030 GemblouxGround area
6,578 m²
Building footprint
2,817 m²
Parcel 92253D0280/00H003, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue des Poiriers, Sauv. 10, 5030 Gembloux
since 19922.059.895.661
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92253D0280/00H003 | Wallonia | 6,578 m² | 1 · 2,817 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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Smartchim
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Jethan Chemicals
BE 0684.484.557
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Phase 3
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INSAREC
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Of 63 companies in sector 20130 we hold annual accounts for 45. 14 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-11-1992
Fiscal year end31-12
Activities, NACEBEL
20130Manufacture of chemicals and chemical products
21201Manufacture of basic pharmaceutical products and pharmaceutical preparations
24130
46831Wholesale of construction materials, general range
51532
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.