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LE CHAF

Active
Non-profit associationfounded 1988active for 38 yearsRue Jules Maltaux(FAR) 62, 6240 Farciennes, BelgiumKBO/BCE: BE 0435.402.613
Summary

LE CHAF has been active since 1988 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €542,397 and a net result of €137,954. Equity is growing by about 14% per year across the filed financial years. Its solvency ranks better than 18% of 661 sector peers (NACE 88, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Risk analysisFollow ReportCompare
LE CHAFActiveChecked score 94/100
Risk analysis ReportCompare

Overview

Activity
Social work activities without accommodation
NACE 88993
4th largest employer in Farciennes1 site
Size
€2.7mtotal assets 2025
Staff
48.4 FTE
Equity
€542,397
Surplus
€137,954
Financial health
94 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
Board
6 members
Auditor: Joiris -- Rousseaux, Réviseurs d'Entreprises associés2025 accounts 44 days early4 of 12 deeds summarised
Why 94raises riskEquity €542,397 (20.1% of total assets)Size: 48.4 FTE, total assets €2.7mlowers riskLegal form: non-profit associationSector: Social work activities without accommodation (NACE 88)Show the evidence

Checked score

Score 2025
94 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 55% of its sector peers (NACE 88, small)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Strong
Solvency 45+26
equity 20.1% of total assets
Liquidity 59+17
short-term debt 31.1% · cash 18.1%
Profitability 75+8
return on assets 5.1%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median < 0.1% (590 companies, NACE 88, small)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026highest value 07-2026: < 0.1%▼ -0.1 percentage points vs 06-2026lowest value 08-2026: < 0.1%● unchanged vs 07-2026lowest value 09-2026: < 0.1%● unchanged vs 08-2026lowest value 10-2026: < 0.1%● unchanged vs 09-2026lowest value
Credit of up to €50,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.11, compared with 1.09 in 2024, below the usual 1.5; short-term debt: 31.1% and cash: 18.1% of total assets), and 79.9% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 88, small): better than 19% on solvency, 39% on liquidity, 63% on profitability and 98% on growth.

The bankruptcy probability was computed on 25-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Legal form: non-profit association
KBO
raises risk · Equity €542,397 (20.1% of total assets)
NBB · annual accounts
lowers risk · Sector: Social work activities without accommodation (NACE 88)
KBO
raises risk · Size: 48.4 FTE, total assets €2.7m
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 661 sector peers (2025).
NBB · sector comparison
Position among 661 sector peers
Solvency
better than 18%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-06-2026, 44 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
44 days early
2024
20 days early
2023
7 days late
2022
39 days late
2021
31 days late
2020
16 days early
2019
47 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 6 days after the deadline; the sector median (NACE 88) for financial year 2024 is 24 days before the deadline, and 25% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 8 August (4 of the last 5 filed years within 31 days of that day).
Companies Code · seven months
Where today falls in the filing period
26-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Resignation: De Formanoir de la Cazerie…Appointments: Antonella Lo Russo (director)…
  2. Annual accounts filedfinancial year 2025 · full…
  3. Back to profitnet €137,954

Key points

  • Positive: Back in profit in 2025after -€38,001 in 2024 €137,954 View
  • Caution: Among the weakest 18% on solvencysector median 52.0% · 661 companies 20.1% View
  • Board changedlatest change 28-07-2026 · 6 in office 2 joined · 5 left View

By topic

Financials

Financial year
2025
Total assets
€2.7m
Profit
€137,954
Solvency
20.1%
Turnover▲ 23.7%
Net result
20202023
Go to Financials

Board & ownership

Board
6 members
Auditor
Joiris -- Rousseaux, Réviseurs…
  • Myriam DubuissonDirector
  • Bemard NoelDirector
  • Michèle de FormanoirDirector
  • Henri MégaliDirector
  • Murielle DrapsDirector

and 1 other director

Go to Board & ownership

Timeline

Events
25
Since
2009
Next accounts
by 31-07-2027
  1. 31-12-2025Equity above €500,000
  2. 30-12-2025Resignations: Johannes Fastrez, Marc Timmermans and 2…
  3. 22-07-2025Resignation: Céline Bruyninckx (director)
Go to Timeline

Company details

Sites
1
Legal form
Non-profit association
Activity
Social work activities without accommodationNACE 88993
Founded
30-05-1988
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
31
Purpose
“Accepter les aides et des subventions de l'Agence pour une Vle de Qualité (A.V.I.Q.)…” (deed in French)
Go to Articles of association

Key facts about LE CHAF

What is the company number of LE CHAF?
0435.402.613. In Belgium the VAT number is the company number with BE in front: BE 0435.402.613.
Where is LE CHAF based?
The registered office is at Rue Jules Maltaux(FAR) 62, 6240 Farciennes.Company details
What does LE CHAF do?
According to the KBO register, the main activity is social work activities without accommodation (NACE 88993).
What is the legal form of LE CHAF?
Non-profit association (VZW).
When was LE CHAF founded?
On 30-05-1988.
Is LE CHAF still active?
Yes, LE CHAF is an active enterprise in the KBO register.
How many employees does LE CHAF have?
On average 48.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of LE CHAF?
€3.9m in financial year 2023, according to the filed annual accounts.
Is LE CHAF profitable?
In financial year 2025, LE CHAF made a profit of €137,954.
Where can I find the annual accounts of LE CHAF?
LE CHAF filed 18 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of LE CHAF due?
By 31-07-2027, for financial year 2026.Timeline

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