CH Corporation
ActiveSummary
The computed 12-month bankruptcy probability of CH Corporation is 1.8% (moderate). The 2024 annual accounts show equity of €44,853 and a net result of €15,207. Equity is growing by ~45.7% per year across the filed fiscal years. Its solvency ranks better than 80% of 1329 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability95▲+13
Solvency97▲+46
Growth52=
Track record94
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 2.65 against 2.22 in 2023; short-term debt: 27.7% and cash: 2.2% of total assets), and 27.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Civil engineering (NACE 42)
about 27% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
72.3%
Return on assets
24.5%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
54 d late
2022
24 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 36 days after the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 41% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€44,853▲ 51.3%
2023 · €29,646
Total assets
€62,068▼ 45.3%
2023 · €113,507
Net result
€15,207▲ 28.0%
2023 · €11,878
Working capital
€28,347▼ 31.2%
2023 · €41,206
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 42, Civil engineering, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202220232024
Operating result€18,751-€17,420▼ 7.1%€27,432▲ 57.5%
Net result€15,768within the sector's middle half-€11,878within the sector's middle half▼ 24.7%€15,207within the sector's middle half▲ 28.0%
Equity€17,768below the sector's middle half-€29,646within the sector's middle half▲ 66.8%€44,853within the sector's middle half▲ 51.3%
Total assets€84,774within the sector's middle half-€113,507within the sector's middle half▲ 33.9%€62,068within the sector's middle half▼ 45.3%
Debt€67,006-€83,862▲ 25.2%€17,215▼ 79.5%
Working capital-€28,735below the sector's middle half-€41,206within the sector's middle half€28,347within the sector's middle half▼ 31.2%
Solvency21.0%below the sector's middle half-26.1%within the sector's middle half▲ 5.2pp72.3%above the sector's middle half▲ 46.1pp
Current ratio0.57below the sector's middle half-2.22within the sector's middle half▲ 1.652.65within the sector's middle half▲ 0.43
Return on assets (ROA)18.6%within the sector's middle half-10.5%within the sector's middle half▼ 8.1pp24.5%above the sector's middle half▲ 14.0pp
Staff (FTE)0.5-1.1▲ 120%
above
within
below
the middle half (P25 to P75) of NACE 42, Civil engineering, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 57% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €62,068
Fixed assets
€16,506 ▼ 57.1%
Current assets
€45,562 ▼ 39.3%
Equity and liabilities €62,068
Equity
€44,853 ▲ 51.3%
Debt
€17,215 ▼ 79.5%
Debt's share of the balance-sheet total falls from 73.9% to 27.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€43,576▲
2023 · €26,763
Cash flow
€31,351▲
2023 · €21,221
Debt to equity
0.38▼
2023 · 2.83
ROE
33.9%▼
2023 · 40.1%
Interest coverage
5.43▼
2023 · 18.54
Debt ≤ 1 year
€17,215▼
2023 · €33,862
Debt > 1 year
€0▼
2023 · €50,000
Income taxes
€4,201▲
2023 · €4,099
Staff costs
€1,196▼
2023 · €40,272
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.8%
went bankrupt
2.3%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 39,278 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €9,115 | €40,272 | €1,196 | ▼ 97.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,154 | €9,343 | €16,144 | ▲ 72.8% |
| Other operating charges640/8 | €1,246 | €3,186 | €3,008 | ▼ 5.6% |
| Non-recurring operating charges66A | - | - | €5,789 | - |
| Gross operating margin9900 | €36,267 | €70,221 | €53,568 | ▼ 23.7% |
| Operating profit (loss)9901 | €18,751 | €17,420 | €27,432 | ▲ 57.5% |
| Financial income75/76B | - | €0 | €0 | ▼ 96.7% |
| Recurring financial income75 | - | €0 | €0 | ▼ 96.7% |
| Financial charges65/66B | €116 | €1,444 | €8,024 | ▲ 456% |
| Recurring financial charges65 | €116 | €1,444 | €8,024 | ▲ 456% |
| Profit (loss) for the period before taxes9903 | €18,635 | €15,976 | €19,408 | ▲ 21.5% |
| Income taxes67/77 | €2,867 | €4,099 | €4,201 | ▲ 2.5% |
| Profit (loss) for the period9904 | €15,768 | €11,878 | €15,207 | ▲ 28.0% |
| Profit (loss) for the period to be appropriated9905 | €15,768 | €11,878 | €15,207 | ▲ 28.0% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €84,774 | €113,507 | €62,068 | ▼ 45.3% |
| Fixed assets21/28 | €46,503 | €38,439 | €16,506 | ▼ 57.1% |
| Tangible fixed assets22/27 | €38,855 | €29,511 | €7,578 | ▼ 74.3% |
| Plant, machinery and equipment23 | €19,582 | €15,168 | €6,321 | ▼ 58.3% |
| Furniture and vehicles24 | €19,273 | €14,344 | €1,257 | ▼ 91.2% |
| Financial fixed assets28 | €7,649 | €8,928 | €8,928 | = |
| Current assets29/58 | €38,271 | €75,068 | €45,562 | ▼ 39.3% |
| Amounts receivable within one year40/41 | €22,268 | €57,104 | €44,211 | ▼ 22.6% |
| Trade receivables40 | €17,430 | €48,684 | €30,812 | ▼ 36.7% |
| Other amounts receivable41 | €4,838 | €8,420 | €13,400 | ▲ 59.1% |
| Cash at bank and in hand54/58 | €16,003 | €17,964 | €1,351 | ▼ 92.5% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €84,774 | €113,507 | €62,068 | ▼ 45.3% |
| Equity10/15 | €17,768 | €29,646 | €44,853 | ▲ 51.3% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | €15,768 | €27,646 | €42,853 | ▲ 55.0% |
| Distributable reserves133 | €15,768 | €27,646 | €42,853 | ▲ 55.0% |
| Amounts payable17/49 | €67,006 | €83,862 | €17,215 | ▼ 79.5% |
| Amounts payable after more than one year17 | - | €50,000 | €0 | ▼ 100% |
| Financial debts170/4 | - | €50,000 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €67,006 | €33,862 | €17,215 | ▼ 49.2% |
| Trade debts44 | €21,294 | €33 | €5,622 | ▲ 16,754% |
| Suppliers440/4 | €21,294 | €33 | €5,622 | ▲ 16,754% |
| Taxes, remuneration and social security45 | €3,237 | €24,124 | €11,593 | ▼ 51.9% |
| Taxes450/3 | €3,208 | €9,408 | €11,593 | ▲ 23.2% |
| Remuneration and social security454/9 | €29 | €14,715 | €0 | ▼ 100% |
| Other amounts payable47/48 | €42,475 | €9,705 | €0 | ▼ 100% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,768 | €11,878 | €15,207 | ▲ 28.0% |
| + Depreciation and write-downs630 | €7,154 | €9,343 | €16,144 | ▲ 72.8% |
| Operating cash flow (approximation) | €22,922 | €21,221 | €31,351 | ▲ 47.7% |
| Investment in fixed assets (approximation) | - | -€1,279 | €5,789 | ▲ 553% |
| Change in cash | - | €1,960 | -€16,613 | ▼ 947% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
31-07
State Gazette act
Appointment: Mabrouk Walid (director)2 facts ▸
State Gazette act
Appointment: Mabrouk Walid (director)
2 facts ▸
- General meeting, 02-01-2026
- Director appointment, Mabrouk Walid (director)
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
23-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 54 days late
2023
31-12
Financial
Weakest financial yearnet €11,878 ▼24.7%
Net result drops to €11,878, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity quadruplescurrent ratio 2.22
Current ratio from 0.57 to 2.22; short-term debt falls from €67,006 to €33,862.
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 8 acts read
About the unread acts
Of the 8 Belgian State Gazette acts we know for this company, 1 has been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Mabrouk Walid
CurrentDirector · since 02-01-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
7 of this company's 8 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2021
Ground area
391 m²
Building footprint
156 m²
Volume, LiDAR
1,349 m³
Parcel 44022A0005/00H003, Flanders · tallest building 10.7 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
CH Corporation
since 20212.324.165.431
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44022A0005/00H003 | Flanders | 391 m² | 1 · 156 m² | 10.7 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
1 person since 2026, 1 in office
- Board
| Name | Functions and periods |
|---|---|
| Mabrouk Walid |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Recognitions · licences · registrations
Recognised contractor
2 categoriesCH Corporation BV41896
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Of 1,823 companies in sector 42220 we hold annual accounts for 957. 677 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded18-11-2021
Fiscal year end31-12
Activities, NACEBEL 2025
42220Construction of utility projects for electricity and telecommunications
33110Repair and maintenance of fabricated metal products
43211General electrical installation work
73300Public relations and communication consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0777463512
Also
9925:BE0777463512
Registered
28-07-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.