Checked.be
Active
BE 0465.751.537Private limited company
CHI
Ieperstraat 41 ·8940 Wervik, Belgium· 27 yrs active
Sector: Retail trade
(47713)
Conclusion
CHI has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €55k and a net result of €-17k. Equity is shrinking by ~20% per year across the filed fiscal years. Its solvency ranks better than 80% of 17366 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Based on the State Gazette, CBE and 3 annual accounts.
Key figures
| Equity | €55k |
| Net result | €-17k |
| Better than sector | 80% |
| Active | 27 yrs |
Financial profile
55
/ 100
Mixed profile: strong on solvency, weaker on profitability.
All 5 axes are computed from data Checked has read.
Health
42
Profitability
0
Solvency
100
Growth
32
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1999, 27 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
42
/ 100
Weak
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€3k
estimate, not credit advice
Score history
76
2023
42
2024
42
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 3.07 (≥ 1.5)
+10
Quick ratio
Quick ratio 0.60 (< 0.6)
-5
Leverage
Debt/equity 0.43 (< 1.0)
+10
Profitability
Negatieve ROE -31%
-10
Interest coverage
Interest coverage -1.9× (< 1.5×)
-10
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 16-07-2025 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Equity: declining trend of ~20%/year over 3 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 47, Retail trade · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 70.1% | 34.6% | |
| Net result | €-17k | €5k | |
| Equity | €55k | €44k | |
| Gross operating margin | €-2k | €34k | |
| Total assets | €78k | €154k |
€-3k
-
23-25
€-17k
-43.6%
23-25
€-3k
-
23-25
€78k
-29.9%
23-25
€55k
-23.6%
23-25
€48k
-12.8%
23-25
€304
+2.7%
23-25
€0
-100.0%
23-25
€23k
-41.2%
23-25
€23k
-34.3%
23-25
€0
-100.0%
23-25
3.07
+20.0%
23-25
0.60
+2.0%
23-25
70.1%
+9.0%
23-25
0.43
-23.0%
23-25
-30.9%
-88.0%
23-25
-21.7%
-104.8%
23-25
-1.88
-
23-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema |
| Revenue | - | - | - |
| EBITDA | €-3k | €2k | €21k |
| Net profit | €-17k | €-12k | €6k |
| Cash flow | €-3k | €2k | €19k |
| Staff costs | - | - | - |
| Income taxes | €304 | €296 | €4k |
| Dividends | - | €0 | €16k |
| Total assets | €78k | €111k | €118k |
| Equity | €55k | €72k | €83k |
| Debt | €23k | €40k | €34k |
| of which ≤ 1y | €23k | €36k | €24k |
| of which > 1y | €0 | €4k | €10k |
| Working capital | €48k | €55k | €62k |
| Employees (FTE) | - | - | - |
Ratios (computed)
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Current ratio | 3.07 | 2.56 | 3.57 |
| Quick ratio | 0.60 | 0.58 | 0.52 |
| Working capital ratio | 61.8% | 49.6% | 52.7% |
| Solvency | 70.1% | 64.3% | 70.8% |
| Debt / equity | 0.43 | 0.55 | 0.41 |
| Long-term debt ratio | 0.00 | 0.06 | 0.12 |
| Interest coverage | -1.88 | 0.52 | 11.79 |
| Gross margin | - | - | - |
| Net margin | - | - | - |
| ROA | -21.7% | -10.6% | 5.1% |
| ROE | -30.9% | -16.4% | 7.2% |
| EBITDA margin | - | - | - |
| Days sales outstanding | - | - | - |
| Days payable outstanding | - | - | - |
| Inventory turnover | - | - | - |
| Days inventory (DSI) | - | - | - |
Balance-sheet composition 2025
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet, Assets | ||||
| TOTAL ASSETS | 20/58 | €78k | €111k | €118k |
| Fixed assets | 21/28 | €6k | €21k | €32k |
| Tangible fixed assets | 22/27 | €6k | €20k | €31k |
| Financial fixed assets | 28 | €150 | €150 | €150 |
| Current assets | 29/58 | €72k | €91k | €86k |
| Stocks & contracts in progress | 3 | €58k | €70k | €74k |
| Amounts receivable within one year | 40/41 | €3k | €5k | €4k |
| Cash & bank | 54/58 | €5k | €5k | €2k |
| Balance sheet, Equity & liabilities | ||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €78k | €111k | €118k |
| Equity | 10/15 | €55k | €72k | €83k |
| Contributions / capital | 10/11 | €35k | €35k | €35k |
| Reserves | 13 | €45k | €48k | €48k |
| Accumulated profits (losses) | 14 | €-25k | €-12k | €0 |
| Amounts payable | 17/49 | €23k | €40k | €34k |
| Amounts payable after one year | 17 | €0 | €4k | €10k |
| Amounts payable within one year | 42/48 | €23k | €36k | €24k |
| Trade debts payable within one year | 44 | €11k | €7k | €7k |
| Income statement | ||||
| Gross operating margin | 9900 | €-2k | €3k | €22k |
| Operating result | 9901 | €-17k | €-12k | €7k |
| Financial income | 75 | €2k | €4k | €4k |
| Financial charges | 65 | €2k | €4k | €2k |
| Result before taxes | 9903 | €-17k | €-11k | €10k |
| Income taxes | 67/77 | €304 | €296 | €4k |
| Net result for the period | 9904 | €-17k | €-12k | €6k |
| Result to be appropriated | 9905 | €-17k | €-12k | €6k |
Legal Structure
| NACE primary | Retail trade(47713) |
| Legal form | Private limited company(610) |
| Incorporation | 06-04-1999 |
| Status | Active |
| Postal code | 8940 |
Establishment units
ZOTTEBOLLE
since 19992.091.211.617
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33009C0814/00K000 | Flanders | 1,024 m² | 1 · 179 m² | 10.9 m · 1 fl. |
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.
Updates
Next filing, fiscal year 2026, expected by
2025
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Weakest financial yearnet €-17k
Net result drops to €-17k, the lowest in the series.
2024
22-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
05-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
05-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
17-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
11-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Retail trade4771352424
Names & trade names
| Legal nameNL | CHI |
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