Checked.be
Active
BE 0458.758.035Private limited company
CHA - VER
Chaussée de Dinant(WP) 1462 ·5100 Namur, Belgium· 29 yrs active
Sector: Other building finishing work
(43350)
Conclusion
CHA - VER has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.33M and a net result of €810k. Equity is growing by ~34% per year across the filed fiscal years. Its solvency ranks better than 48% of 7448 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €1.33M |
| Net result | €810k |
| Staff (FTE) | 15.1 |
| Better than sector | 48% |
Financial profile
90
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
94
Profitability
100
Solvency
76
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1996, 30 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
94
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€130k
estimate, not credit advice
Score history
74
2021
78
2022
94
2023
94
2024
94
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.51 (≥ 1.5)
+10
Quick ratio
Quick ratio 1.25 (≥ 1.0)
+5
Leverage
Debt/equity 1.34 (< 2.0)
+3
Profitability
ROE 61% (≥ 10%)
+10
Interest coverage
Interest coverage 279.3× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 23-07-2026 with the NBB · fiscal year 2025 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Net result: growth of ~109.3%/year over 5 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 43, Specialised construction activities · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 42.8% | 44.0% | |
| Net result | €810k | €30k | |
| Equity | €1.33M | €276k | |
| Gross operating margin | €1.92M | €275k | |
| Staff costs | €943k | €244k |
€969k
+3.7%
21-25
€810k
+11.3%
21-25
€864k
+14.4%
21-25
€3.12M
+41.6%
21-25
€1.33M
+25.4%
21-25
€912k
+53.4%
21-25
15
+11.0%
21-25
€943k
+8.5%
21-25
€143k
-32.0%
21-25
€140k
0.0%
21-25
€1.78M
+56.8%
21-25
€1.78M
+56.8%
21-25
€12k
-62.9%
21-25
1.51
-0.8%
21-25
1.25
-5.6%
21-25
42.8%
-11.5%
21-25
1.34
+25.1%
21-25
60.8%
-11.2%
21-25
26.0%
-21.4%
21-25
279.33
-23.4%
21-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | abbreviated schema | full schema | full schema | full schema | full schema |
| Revenue | - | - | - | - | - |
| EBITDA | €969k | €934k | €267k | €217k | €92k |
| Net profit | €810k | €727k | €181k | €156k | €44k |
| Cash flow | €864k | €755k | €232k | €217k | €104k |
| Staff costs | €943k | €869k | €664k | €672k | €886k |
| Income taxes | €143k | €209k | €69k | €38k | €23k |
| Dividends | €140k | €140k | - | €155k | - |
| Total assets | €3.12M | €2.20M | €1.42M | €1.45M | €1.42M |
| Equity | €1.33M | €1.06M | €630k | €449k | €507k |
| Debt | €1.78M | €1.14M | €785k | €999k | €910k |
| of which ≤ 1y | €1.78M | €1.14M | €773k | €967k | €832k |
| of which > 1y | - | - | €12k | €32k | €78k |
| Working capital | €912k | €595k | €419k | €236k | €278k |
| Employees (FTE) | 15.1 | 13.6 | 11.1 | 12.3 | 17.5 |
Note: these years are not on the same basis. The filed schemas differ (abbreviated schema, full schema), so the columns are not directly comparable.
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 1.51 | 1.52 | 1.54 | 1.24 | 1.33 |
| Quick ratio | 1.25 | 1.33 | 1.28 | 0.91 | 1.02 |
| Working capital ratio | 29.3% | 27.0% | 29.6% | 16.3% | 19.6% |
| Solvency | 42.8% | 48.3% | 44.5% | 31.0% | 35.8% |
| Debt / equity | 1.34 | 1.07 | 1.25 | 2.22 | 1.80 |
| Long-term debt ratio | - | - | 0.02 | 0.07 | 0.15 |
| Interest coverage | 279.33 | 364.82 | 91.93 | 67.44 | 22.76 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 26.0% | 33.1% | 12.8% | 10.8% | 3.1% |
| ROE | 60.8% | 68.4% | 28.7% | 34.7% | 8.7% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €3.12M | €2.20M | €1.42M | €1.45M | €1.42M |
| Fixed assets | 21/28 | €420k | €468k | €223k | €246k | €307k |
| Tangible fixed assets | 22/27 | €245k | €293k | €48k | €71k | €132k |
| Financial fixed assets | 28 | €175k | €175k | €175k | €175k | €175k |
| Current assets | 29/58 | €2.70M | €1.73M | €1.19M | €1.20M | €1.11M |
| Stocks & contracts in progress | 3 | €461k | €222k | €206k | €319k | €258k |
| Amounts receivable within one year | 40/41 | €816k | €307k | €382k | €580k | €704k |
| Cash & bank | 54/58 | €1.36M | €1.17M | €577k | €291k | €109k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €3.12M | €2.20M | €1.42M | €1.45M | €1.42M |
| Equity | 10/15 | €1.33M | €1.06M | €630k | €449k | €507k |
| Contributions / capital | 10/11 | €31k | €31k | €31k | €31k | €31k |
| Reserves | 13 | €424k | €171k | €3k | €3k | €158k |
| Accumulated profits (losses) | 14 | €878k | €860k | €596k | €415k | €318k |
| Amounts payable | 17/49 | €1.78M | €1.14M | €785k | €999k | €910k |
| Amounts payable after one year | 17 | - | - | €12k | €32k | €78k |
| Amounts payable within one year | 42/48 | €1.78M | €1.14M | €773k | €967k | €832k |
| Trade debts payable within one year | 44 | €213k | €97k | €340k | €345k | €433k |
| Income statement | ||||||
| Gross operating margin | 9900 | €1.92M | €1.82M | €995k | €902k | €984k |
| Operating result | 9901 | €915k | €906k | €216k | €156k | €32k |
| Financial income | 75 | €41k | €33k | €37k | €41k | €39k |
| Financial charges | 65 | €3k | €3k | €3k | €3k | €4k |
| Result before taxes | 9903 | €952k | €937k | €250k | €194k | €67k |
| Income taxes | 67/77 | €143k | €209k | €69k | €38k | €23k |
| Net result for the period | 9904 | €810k | €727k | €181k | €156k | €44k |
| Result to be appropriated | 9905 | €557k | €559k | €181k | €156k | €44k |
Legal Structure
| NACE primary | Other building finishing work(43350) |
| Legal form | Private limited company(610) |
| Incorporation | 10-09-1996 |
| Status | Active |
| Postal code | 5100 |
Establishment units
MAISON PASSION
since 19962.078.954.082
Maison Passion
since 20202.306.837.469
Real-estate footprint
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92120F0026/00Y004 | Wallonia | 5,978 m² | - | - |
| 92135F0256/00A000 | Wallonia | 2,660 m² | 1 · 600 m² | - |
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.
Updates
Next filing, fiscal year 2026, expected by
2026
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2021net €810k ▲11.3%
Operating result €915k, net result €810k, both a record.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 28 days late
2024
31-12
Financial
Equity above €1MEq €1.06M ▲68.7%
4 profitable years in a row build equity to €1.06M.
18-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
31-12
Financial
Equity above €500kEq €630k ▲40.2%
3 profitable years in a row build equity to €630k.
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 31 days late
2019
13-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 13 days late
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Joinery installation43320Other building finishing work43350
Names & trade names
| Legal nameFR | CHA - VER |
| Trade nameFR | Maison Passion |
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