Summary
CHORUS FR MANAGEMENT is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €535k and a net result of €176k. Equity is shrinking by ~9.8% per year across the filed fiscal years. Its solvency ranks better than 63% of 1475 sector peers (fiscal year 2025). The company has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
192122232425
2019 to 2025 · latest year €535k
neutral · Filed after the deadline
The financial year that closed on 31-01-2025 was due by 31-08-2025 and was filed on 30-09-2025, 30 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
2026
not confirmed
2025
30 d late
2024
25 d late
2023
14 d late
2022
23 d late
2021
30 d late
2020
38 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2025, abbreviated schema
Equity
€535k▲ 49.1%
2024 · €359k
2019: €5.41M
2021: €489k
2022: €460k
2023: €405k
2024: €359k
2019 → 2025
Net result
€176k
2024 · €-46k
2019: €39k
2021: €220k
2022: €-29k
2023: €-55k
2024: €-46k
2019 → 2025
Total assets
€993k▲ 42.2%
2024 · €698k
2019: €6.82M
2021: €848k
2022: €794k
2023: €775k
2024: €698k
2019 → 2025
Solvency
53.9%▲ 2.5pp
2024 · 51.4%
2019: 79.3%
2021: 57.7%
2022: 57.9%
2023: 52.3%
2024: 51.4%
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€489k-€460k▼ 5.9%€405k▼ 11.9%€359k▼ 11.5%€535k▲ 49.1%
Operating result€295k-€-19k€-45k▼ 135%€-33k▲ 26.5%€206k
Net result€220k-€-29k€-55k▼ 88.6%€-46k▲ 15.2%€176k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €206k after a loss of €33k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €993k
Fixed assets
€604k ▼ 4.8%
Current assets
€389k ▲ 508%
Equity and liabilities €993k
Equity
€535k ▲ 49.1%
Debt
€458k ▲ 34.9%
Debt's share of the balance-sheet total falls from 48.6% to 46.1%. Equity and debt are higher.
Key figures and ratios
ROE
32.9%▲
2024 · -13.0%
ROA
17.7%▲
2024 · -6.7%
Debt ≤ 1 year
€296k▲
2024 · €142k
Debt > 1 year
€162k▼
2024 · €197k
Income taxes
€17k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€698k€993k▲
Fixed assets21/28€634k€604k▼
Tangible fixed assets22/27€634k€604k▼
Land and buildings22€546k€500k▼
Furniture and vehicles24€88k€75k▼
Other tangible fixed assets26€729€486▼
Assets under construction and advance payments27-€29k
Current assets29/58€64k€389k▲
Amounts receivable after more than one year29€300€300=
Other amounts receivable291€300€300=
Amounts receivable within one year40/41€32k€174k▲
Trade receivables40€7k€131k▲
Other amounts receivable41€25k€43k▲
Cash at bank and in hand54/58€30k€214k▲
Deferred charges and accrued income490/1€2k€348▼
Equity and liabilities
Total equity and liabilities10/49€698k€993k▲
Equity10/15€359k€535k▲
Contributions10/11€273k€273k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€84k€260k▲
Amounts payable17/49€340k€458k▲
Amounts payable after more than one year17€197k€162k▼
Financial debts170/4€197k€162k▼
Amounts payable within one year42/48€142k€296k▲
Current portion of amounts payable after more than one year42€29k€30k▲
Financial debts43€5k€5k▲
Credit institutions430/8€5k€5k▲
Trade debts44€11k€134k▲
Suppliers440/4€11k€134k▲
Taxes, remuneration and social security45-€17k
Taxes450/3-€17k
Other amounts payable47/48€98k€110k▲
Accrued charges and deferred income492/3€603-
Income statement
Code20242025
Non-recurring operating income76A-€270k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€36k€64k▲
Other operating charges640/8€7k€5k▼
Gross operating margin9900€10k€275k▲
Operating profit (loss)9901€-33k€206k▲
Financial income75/76B€1k€1k▲
Recurring financial income75€1k€1k▲
Financial charges65/66B€15k€14k▼
Recurring financial charges65€15k€14k▼
Profit (loss) for the period before taxes9903€-46k€194k▲
Income taxes67/77-€17k
Profit (loss) for the period9904€-46k€176k▲
Profit (loss) for the period to be appropriated9905€-46k€176k▲
Appropriation of the result
Profit (loss) to be appropriated9906€84k€260k▲
Profit (loss) brought forward from the previous period14P€130k€84k▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 30 days late
31-01
Financial
Back to profitnet €176k
Net result €176k after 3 loss-making years.
31-01
Financial
Liquidity triplescurrent ratio 1.31
Current ratio from 0.45 to 1.31.
31-01
Financial
Equity above €500kEq €535k ▲49.1%
Equity rises from €359k to €535k.
2024
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 25 days late
2023
14-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 14 days late
31-01
Financial
Weakest financial yearnet €-55k
Net result drops to €-55k, the lowest in the series; recovery starts the following year.
2022
23-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
31-01
Financial
Highest result since 2019net €220k ▲470%
Operating result €295k, net result €220k, both a record.
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 38 days late
2019
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
24-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2015
30-12
State Gazette act
Board meeting · Director appointment
Permanent representative
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Ukkel · 1 establishment unit since 2000
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.
Anemoonstraat 101180 UkkelGround area
271 m²
Building footprint
113 m²
Volume, LiDAR
1,287 m³
Parcel 21612C0001/00Z039, Brussels · tallest building 14.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
CHORUS FR MANAGEMENT
since 20002.094.146.757
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21612C0001/00Z039 | Brussels | 271 m² | 1 · 113 m² | 14.4 m · 4 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.
Structure & network
Connections & network
6 connected companiesLinked via shared directors
Shared director
→
Shared director
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Shared director
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Shared director
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Show 2 more companies with a shared director
Shared director
→
Shared director
→
Recognitions · licences · registrations
Legal Entity Identifier
967600I3HD073V6UXB58
Similar companies · same sector, comparable size
DOUBLE HELIX ADVISORY
BE 0732.710.185
Ukkel · Eq €535k
EUROPEAN BANKING & FINANCIAL SERVICES TRAINING
BE 0845.267.106
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ZAKENKANTOOR LUC ROGIER
BE 0469.678.255
Antwerpen · Eq €543k
Astara Financial Products
BE 0421.844.981
Mechelen · Eq €546k
VALIBEL
BE 0425.325.501
Ninove · Eq €547k
Of 1,507 companies in sector 66199 we hold annual accounts for 917. 596 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-06-2000
Fiscal year end31-01
Activities, NACEBEL 2025
66199Other activities auxiliary to financial services, excluding insurance and pension funding
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.