CHIWAWA
ActiveCHIWAWA has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €208k and a net result of €31. Equity is growing by ~4.8% per year across the filed fiscal years. Its solvency ranks better than 45% of 2295 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
69
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability69▼-3
Solvency46▲+6
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity ample (current ratio 1.53 against 1.1 in 2024; short-term debt: 17.6% and cash: 4.6% of total assets), but 79% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sector 93
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
21%
Return on assets
0%
Age of the figures
12 mo
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 04-05-2026, 4 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
4 d late
2024
on the day
2023
31 d late
2022
9 d late
2021
31 d late
2020
42 d early
2019
35 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€208k=
2024 · €208k
2018: €142k
2019: €163k
2020: €183k
2021: €184k
2022: €217k
2023: €185k
2024: €208k
2018 → 2025
Total assets
€989k▼ 27.7%
2024 · €1.37M
2018: €700k
2019: €622k
2020: €592k
2021: €1.38M
2022: €1.62M
2023: €1.33M
2024: €1.37M
2018 → 2025
Net result
€31▼ 99.9%
2024 · €38k
2018: €24k
2019: €21k
2020: €20k
2021: €586
2022: €34k
2023: €58k
2024: €38k
2018 → 2025
Working capital
€92k▲ 92.1%
2024 · €48k
2018: €-266k
2019: €-268k
2020: €-223k
2021: €-14k
2022: €-34k
2023: €-9k
2024: €48k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€184k-€217k▲ 18.4%€185k▼ 14.7%€208k▲ 12.2%€208k=
Operating result€10k-€52k▲ 431%€79k▲ 52.0%€58k▼ 27.5%€19k▼ 66.2%
Net result€586-€34k▲ 5,645%€58k▲ 72.3%€38k▼ 35.1%€31▼ 99.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 66% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €989k
Fixed assets
€723k▼ 13.3%
Current assets
€266k▼ 50.1%
Equity and liabilities €989k
Equity
€208k=
Debt
€781k▼ 32.6%
The debt ratio falls from 84.8% to 79.0%. Debt is lower.
Key figures and ratios
EBITDA
€139k▼
2024 · €178k
Cash flow
€119k▼
2024 · €158k
Solvency
21.0%▲
2024 · 15.2%
Current ratio
1.53▲
2024 · 1.10
Quick ratio
1.40▲
2024 · 1.07
Debt / equity
3.76▼
2024 · 5.58
ROE
0.0%▼
2024 · 18.1%
ROA
0.0%▼
2024 · 2.8%
Interest coverage
7.84▼
2024 · 9.21
Debt
€781k▼
2024 · €1.16M
Debt ≤ 1 year
€174k▼
2024 · €485k
Debt > 1 year
€606k▼
2024 · €673k
Income taxes
€2k▲
2024 · €502
Staff costs
€51k▼
2024 · €53k
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€1.37M€989k▼
Fixed assets21/28€834k€723k▼
Tangible fixed assets22/27€834k€723k▼
Land and buildings22€819k€712k▼
Plant, machinery and equipment23€13k€11k▼
Furniture and vehicles24€2k€706▼
Current assets29/58€533k€266k▼
Stocks and contracts in progress3€14k€23k▲
Stocks30/36€14k€23k▲
Amounts receivable within one year40/41€452k€186k▼
Trade receivables40€59k€94k▲
Other amounts receivable41€393k€92k▼
Cash at bank and in hand54/58€56k€46k▼
Deferred charges and accrued income490/1€11k€11k▲
Equity and liabilities
Total equity and liabilities10/49€1.37M€989k▼
Equity10/15€208k€208k=
Contributions10/11€162k€162k=
Capital10€162k€162k=
Issued capital100€162k€162k=
Reserves13€21k€21k=
Non-distributable reserves130/1€16k€16k=
Legal reserve130€16k€16k=
Distributable reserves133€5k€5k=
Profit (loss) carried forward14€24k€24k▲
Amounts payable17/49€1.16M€781k▼
Amounts payable after more than one year17€673k€606k▼
Financial debts170/4€673k€606k▼
Amounts payable within one year42/48€485k€174k▼
Current portion of amounts payable after more than one year42€71k€72k▲
Trade debts44€63k€20k▼
Suppliers440/4€63k€20k▼
Advances received on contracts in progress46€48k€43k▼
Taxes, remuneration and social security45€7k€12k▲
Taxes450/3€860€8k▲
Remuneration and social security454/9€6k€5k▼
Other amounts payable47/48€296k€26k▼
Accrued charges and deferred income492/3€1k€966▼
Income statement
Code20242025
Non-recurring operating income76A-€2k
Remuneration, social security and pensions62€53k€51k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€121k€119k▼
Other operating charges640/8€12k€14k▲
Gross operating margin9900€243k€204k▼
Operating profit (loss)9901€58k€19k▼
Financial income75/76B€1€8▲
Recurring financial income75€1€8▲
Financial charges65/66B€19k€18k▼
Recurring financial charges65€19k€18k▼
Profit (loss) for the period before taxes9903€38k€2k▼
Income taxes67/77€502€2k▲
Profit (loss) for the period9904€38k€31▼
Profit (loss) for the period to be appropriated9905€38k€31▼
Appropriation of the result
Profit (loss) to be appropriated9906€39k€24k▼
Profit (loss) brought forward from the previous period14P€2k€24k▲
Profit to be distributed694/7€15k€0▼
Directors or managers695€15k€0▼
The notes to these accounts (7 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
04-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 4 days late
2025
30-09
Financial
Weakest financial yearnet €31 ▼99.9%
Net result drops to €31, the lowest in the series.
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Equity above €200kEq €208k ▲12.2%
7 profitable years in a row build equity to €208k.
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
30-09
Financial
Highest result since 2018net €58k ▲72.3%
Operating result €79k, net result €58k, both a record.
09-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 9 days late
2022
30-09
Financial
Equity above €200kEq €217k ▲18.4%
5 profitable years in a row build equity to €217k.
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
19-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
26-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Equity above €150kEq €163k ▲14.9%
2 profitable years in a row build equity to €163k.
27-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-03
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.
Directors · office · real estate
Directors
5 acts for this company are 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, Berlare · 1 establishment unit since 2003
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.
Bollewerkstraat(B) 329290 BerlareGround area
9,109 m²
Building footprint
1,697 m²
Volume, LiDAR
11,551 m³
Parcel 42003D0514/00B000, Flanders · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CHIWAWA
since 20032.135.208.144
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42003D0514/00B000 | Flanders | 9,109 m² | 1 · 1,697 m² | 10.7 m · 2 fl. |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBerlare2.135.208.144
Similar companies · same sector, comparable size
Geva Sport
BE 0745.480.731
Beveren-Kruibeke-Zwijndrecht · Eq €208k
Karting Bouillon
BE 0425.765.662
Bouillon · Eq €209k
DOLEX
BE 0447.696.471
Aartselaar · Eq €209k
BLEUX STABLES
BE 0812.151.997
Kasterlee · Eq €209k
Racing Club Gent
BE 0431.133.920
Gent · Eq €209k
Of 3,292 companies in sector 93110 we hold annual accounts for 1,495. 1,108 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded20-10-1992
Fiscal year end30-09
Activities, NACEBEL
92613
93110Operation of sports facilities
55510
56220Contract catering and other food service activities
56290Food and beverage service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.