Au Chai
ActiveThe computed 12-month bankruptcy probability of Au Chai is 1.5% (moderate). The 2025 annual accounts show negative equity (€-225k) and a net result of €-77k. Equity is shrinking by ~34.2% per year across the filed fiscal years. Its solvency ranks better than 5% of 11200 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency33=
Growth32▼-26
Stability100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.15 against 0.24 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-280.8%
Return on assets
-96.2%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€225k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-08-2026, 7 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 · 8 filingsDeviation from the deadline
2025
7 d late
2024
18 d late
2023
14 d late
2022
17 d late
2021
5 d early
2020
15 d early
2019
on the day
← 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, micro schema
Equity
€-225k▼ 16.7%
2024 · €-193k
2018: €13k
2019: €-64k
2020: €-67k
2021: €-77k
2022: €-106k
2023: €-139k
2024: €-193k
2018 → 2025
Total assets
€80k▼ 9.8%
2024 · €89k
2018: €150k
2019: €139k
2020: €124k
2021: €103k
2022: €119k
2023: €110k
2024: €89k
2018 → 2025
Net result
€-77k▼ 43.5%
2024 · €-54k
2018: €-77k
2019: €-77k
2020: €-3k
2021: €-10k
2022: €-29k
2023: €-33k
2024: €-54k
2018 → 2025
Working capital
€-257k▼ 21.5%
2024 · €-212k
2018: €-13k
2019: €-93k
2020: €-113k
2021: €-102k
2022: €-119k
2023: €-149k
2024: €-212k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-77k-€-106k▼ 37.6%€-139k▼ 31.3%€-193k▼ 38.6%€-225k▼ 16.7%
Operating result€982-€-23k€-23k▼ 0.6%€-43k▼ 83.9%€-68k▼ 56.8%
Net result€-10k-€-29k▼ 183%€-33k▼ 14.7%€-54k▼ 61.8%€-77k▼ 43.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €68k in 2025 against €43k in 2024; the loss grows and 2025 is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €80k
Fixed assets
€34k▲ 56.2%
Current assets
€46k▼ 31.3%
Key figures and ratios
EBITDA
€-61k▼
2024 · €-41k
Cash flow
€-71k▼
2024 · €-52k
Solvency
-280.8%▼
2024 · -217.0%
Current ratio
0.15▼
2024 · 0.24
Quick ratio
0.06▼
2024 · 0.08
Debt / equity
-1.36▲
2024 · -1.46
ROE
34.3%▲
2024 · 27.9%
ROA
-96.2%▼
2024 · -60.5%
Interest coverage
-6.24▼
2024 · -3.82
Debt
€305k▲
2024 · €282k
Debt ≤ 1 year
€303k▲
2024 · €279k
Income taxes
€141▼
2024 · €152
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€89k€80k▼
Fixed assets21/28€22k€34k▲
Tangible fixed assets22/27€17k€31k▲
Plant, machinery and equipment23€425€91▼
Furniture and vehicles24€3k€14k▲
Other tangible fixed assets26€14k€17k▲
Financial fixed assets28€5k€3k▼
Current assets29/58€67k€46k▼
Stocks and contracts in progress3€45k€28k▼
Stocks30/36€45k€28k▼
Amounts receivable within one year40/41€10k€6k▼
Trade receivables40€10k€6k▼
Cash at bank and in hand54/58€6k€7k▲
Deferred charges and accrued income490/1€6k€5k▼
Equity and liabilities
Total equity and liabilities10/49€89k€80k▼
Equity10/15€-193k€-225k▼
Contributions10/11€90k€90k=
Profit (loss) carried forward14€-283k€-315k▼
Amounts payable17/49€282k€305k▲
Amounts payable within one year42/48€279k€303k▲
Financial debts43€102k€96k▼
Credit institutions430/8€102k€96k▼
Trade debts44€140k€110k▼
Suppliers440/4€140k€110k▼
Taxes, remuneration and social security45€10k€7k▼
Taxes450/3€10k€7k▼
Other amounts payable47/48€27k€90k▲
Accrued charges and deferred income492/3€3k€2k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€6k▲
Other operating charges640/8€726€588▼
Non-recurring operating charges66A€966-
Gross operating margin9900€-40k€-61k▼
Operating profit (loss)9901€-43k€-68k▼
Financial income75/76B€388€448▲
Recurring financial income75€388€448▲
Financial charges65/66B€11k€10k▼
Recurring financial charges65€11k€10k▼
Profit (loss) for the period before taxes9903€-54k€-77k▼
Income taxes67/77€152€141▼
Profit (loss) for the period9904€-54k€-77k▼
Profit (loss) for the period to be appropriated9905€-54k€-77k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-283k€-360k▼
Profit (loss) brought forward from the previous period14P€-229k€-283k▼
Shareholders' contribution to the loss794-€45k
The notes to these accounts (9 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
07-09
State Gazette act
Registered officeGeneral meeting · Registered-office move · Website change3 facts ▸
State Gazette act
Registered office
General meeting · Registered-office move · Website change3 facts ▸
- General meeting, 2026-08-06
- Registered-office move, Rue de la Barrière(Tar) 35, 5651 Walcourt
- Website change, https://www.gerpinnes.vinspirard.be, 2026-08-06
07-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 7 days late
2025
31-12
Financial
Weakest financial yearnet €-77k
Net result drops to €-77k, the lowest in the series.
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 18 days late
2024
14-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 14 days late
2023
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 17 days late
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Walcourt · 1 establishment unit since 2017
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 de la Barrière(Tar) 355651 WalcourtGround area
1,853 m²
Building footprint
305 m²
Volume, LiDAR
204 m³
2 parcels, Wallonia · tallest building 5.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Au Chai
since 20172.265.027.994
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 93076C0447/00H000 | Wallonia | 1,702 m² | 1 · 259 m² | - |
| 52025A0328/00K013 | Wallonia | 151 m² | 1 · 46 m² | 5.5 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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 siteGerpinnes2.265.027.994
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Of 1,043 companies in sector 46341 we hold annual accounts for 530. 273 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-06-2017
Fiscal year end31-12
Activities, NACEBEL
46341Wholesale of wines and spirits
47251Retail sale of wines and spirits
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryWebsite:www.gerpinnes.vinspirard.be