CHAAR & CO
ActiveSummary
CHAAR & CO has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €141k and a net result of €-20k. Equity is growing by ~15.1% per year across the filed fiscal years. Its solvency ranks better than 46% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability14▼-2
Solvency50▼-7
Growth52=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 52.62 against 70.32 in 2024; short-term debt: 1.5% and cash: 11.3% of total assets), but 75.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
202122232425
2020 to 2025 · latest year €-20k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 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 · 6 filingsDeviation from the deadline
2025
31 d late
2024
30 d late
2023
28 d late
2022
51 d late
2021
23 d late
2020
16 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€141k▼ 12.4%
2024 · €162k
2020: €27k
2021: €23k▼ -14.4% vs 2020lowest in 6 years
2022: €182k▲ +675% vs 2021highest in 6 years
2023: €172k▼ -5.6% vs 2022
2024: €162k▼ -5.8% vs 2023
2025: €141k▼ -12.4% vs 2024
2020 → 2025
Total assets
€574k▲ 13.1%
2024 · €508k
2020: €670k
2021: €724k▲ +8.0% vs 2020
2022: €920k▲ +27.2% vs 2021highest in 6 years
2023: €912k▼ -0.9% vs 2022
2024: €508k▼ -44.3% vs 2023lowest in 6 years
2025: €574k▲ +13.1% vs 2024
2020 → 2025
Net result
€-20k▼ 100%
2024 · €-10k
2020: €-3k
2021: €-4k▼ -49.8% vs 2020
2022: €158k▲ +4120% vs 2021highest in 6 years
2023: €-10k▼ -106% vs 2022
2024: €-10k▲ +0.9% vs 2023
2025: €-20k▼ -100% vs 2024lowest in 6 years
2020 → 2025
Working capital
€446k▼ 9.8%
2024 · €495k
2020: €644k
2021: €696k▲ +8.0% vs 2020
2022: €857k▲ +23.2% vs 2021highest in 6 years
2023: €838k▼ -2.2% vs 2022
2024: €495k▼ -40.9% vs 2023
2025: €446k▼ -9.8% vs 2024lowest in 6 years
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€23k-€182k▲ 675%€172k▼ 5.6%€162k▼ 5.8%€141k▼ 12.4%
2021: €23klowest in 5 years
2022: €182k▲ +675% vs 2021highest in 5 years
2023: €172k▼ -5.6% vs 2022
2024: €162k▼ -5.8% vs 2023
2025: €141k▼ -12.4% vs 2024
Operating result€-4k-€203k€-9k€-9k▲ 1.0%€-18k▼ 89.6%
2021: €-4k
2022: €203k▲ +5822% vs 2021highest in 5 years
2023: €-9k▼ -105% vs 2022
2024: €-9k▲ +1.0% vs 2023
2025: €-18k▼ -89.6% vs 2024lowest in 5 years
Net result€-4k-€158k€-10k€-10k▲ 0.9%€-20k▼ 100%
2021: €-4k
2022: €158k▲ +4120% vs 2021highest in 5 years
2023: €-10k▼ -106% vs 2022
2024: €-10k▲ +0.9% vs 2023
2025: €-20k▼ -100% vs 2024lowest in 5 years
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 €18k in 2025 against €9k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €574k
Fixed assets
€119k ▲ 2,155%
Current assets
€455k ▼ 9.4%
Equity and liabilities €574k
Equity
€141k ▼ 12.4%
Debt
€433k ▲ 25.0%
Debt's share of the balance-sheet total rises from 68.2% to 75.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-6k▼
2024 · €-4k
Cash flow
€-9k▼
2024 · €-5k
Current ratio
52.62▼
2024 · 70.32
Quick ratio
7.82▼
2024 · 16.19
Debt to equity
3.06▲
2024 · 2.14
ROE
-14.2%▼
2024 · -6.2%
ROA
-3.5%▼
2024 · -2.0%
Interest coverage
-2.43▲
2024 · -6.01
Debt ≤ 1 year
€9k▲
2024 · €7k
Debt > 1 year
€424k▲
2024 · €339k
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 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€508k€574k▲
Formation expenses20€216-
Fixed assets21/28€5k€119k▲
Tangible fixed assets22/27€5k€119k▲
Land and buildings22-€118k
Furniture and vehicles24€5k€950▼
Current assets29/58€502k€455k▼
Stocks and contracts in progress3€387k€387k▲
Stocks30/36€387k€387k▲
Amounts receivable within one year40/41€0€3k▲
Other amounts receivable41€0€3k▲
Cash at bank and in hand54/58€116k€65k▼
Deferred charges and accrued income490/1€35€35=
Equity and liabilities
Total equity and liabilities10/49€508k€574k▲
Equity10/15€162k€141k▼
Contributions10/11€30k€30k=
Profit (loss) carried forward14€132k€111k▼
Amounts payable17/49€346k€433k▲
Amounts payable after more than one year17€339k€424k▲
Financial debts170/4€339k€424k▲
Amounts payable within one year42/48€7k€9k▲
Current portion of amounts payable after more than one year42-€6k
Trade debts44€2k€3k▲
Suppliers440/4€2k€3k▲
Taxes, remuneration and social security45€0-
Taxes450/3€0-
Other amounts payable47/48€6k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€11k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€-3k€-4k▼
Operating profit (loss)9901€-9k€-18k▼
Financial income75/76B-€74
Recurring financial income75-€74
Financial charges65/66B€732€3k▲
Recurring financial charges65€732€3k▲
Profit (loss) for the period before taxes9903€-10k€-20k▼
Profit (loss) for the period9904€-10k€-20k▼
Profit (loss) for the period to be appropriated9905€-10k€-20k▼
Appropriation of the result
Profit (loss) to be appropriated9906€132k€111k▼
Profit (loss) brought forward from the previous period14P€142k€132k▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €543 | €543 | €4k | €5k | €11k | ▲ 136% |
| Other operating charges640/8 | €220 | - | €675 | €1k | €2k | ▲ 34.9% |
| Gross operating margin9900 | €-3k | €203k | €-5k | €-3k | €-4k | ▼ 40.3% |
| Operating profit (loss)9901 | €-4k | €203k | €-9k | €-9k | €-18k | ▼ 89.6% |
| Financial income75/76B | - | - | - | - | €74 | - |
| Recurring financial income75 | - | - | - | - | €74 | - |
| Financial charges65/66B | €390 | €746 | €733 | €732 | €3k | ▲ 242% |
| Recurring financial charges65 | €390 | €746 | €733 | €732 | €3k | ▲ 242% |
| Profit (loss) for the period before taxes9903 | €-4k | €202k | €-10k | €-10k | €-20k | ▼ 100% |
| Income taxes67/77 | - | €44k | - | - | - | - |
| Profit (loss) for the period9904 | €-4k | €158k | €-10k | €-10k | €-20k | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | €-4k | €158k | €-10k | €-10k | €-20k | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €724k | €920k | €912k | €508k | €574k | ▲ 13.1% |
| Formation expenses20 | €2k | €1k | €759 | €216 | - | - |
| Fixed assets21/28 | - | €0 | €10k | €5k | €119k | ▲ 2,155% |
| Tangible fixed assets22/27 | - | - | €10k | €5k | €119k | ▲ 2,155% |
| Land and buildings22 | - | - | - | - | €118k | - |
| Furniture and vehicles24 | - | - | €10k | €5k | €950 | ▼ 82.0% |
| Financial fixed assets28 | - | €0 | - | - | - | - |
| Current assets29/58 | €722k | €919k | €902k | €502k | €455k | ▼ 9.4% |
| Stocks and contracts in progress3 | €719k | €372k | €384k | €387k | €387k | ▲ 0.2% |
| Stocks30/36 | €719k | €372k | €384k | €387k | €387k | ▲ 0.2% |
| Amounts receivable within one year40/41 | - | €0 | €0 | €0 | €3k | - |
| Trade receivables40 | - | €0 | - | - | - | - |
| Other amounts receivable41 | - | €0 | €0 | €0 | €3k | - |
| Cash at bank and in hand54/58 | €2k | €547k | €517k | €116k | €65k | ▼ 43.8% |
| Deferred charges and accrued income490/1 | - | - | €824 | €35 | €35 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €724k | €920k | €912k | €508k | €574k | ▲ 13.1% |
| Equity10/15 | €23k | €182k | €172k | €162k | €141k | ▼ 12.4% |
| Contributions10/11 | €30k | €30k | €30k | €30k | €30k | = |
| Profit (loss) carried forward14 | €-7k | €152k | €142k | €132k | €111k | ▼ 15.2% |
| Amounts payable17/49 | €700k | €739k | €741k | €346k | €433k | ▲ 25.0% |
| Amounts payable after more than one year17 | €674k | €677k | €677k | €339k | €424k | ▲ 25.1% |
| Financial debts170/4 | €674k | €677k | €677k | €339k | €424k | ▲ 25.1% |
| Amounts payable within one year42/48 | €26k | €62k | €63k | €7k | €9k | ▲ 21.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €6k | - |
| Trade debts44 | €5k | €752 | €3k | €2k | €3k | ▲ 60.2% |
| Suppliers440/4 | €5k | €752 | €3k | €2k | €3k | ▲ 60.2% |
| Taxes, remuneration and social security45 | - | €44k | €44k | €0 | - | - |
| Taxes450/3 | - | €44k | €44k | €0 | - | - |
| Other amounts payable47/48 | €21k | €17k | €17k | €6k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-4k | €158k | €-10k | €-10k | €-20k | ▼ 100% |
| + Depreciation and write-downs630 | €543 | €543 | €4k | €5k | €11k | ▲ 136% |
| Operating cash flow (approximation) | €-3k | €159k | €-6k | €-5k | €-9k | ▼ 66.3% |
| Investment in fixed assets (approximation) | - | - | €-14k | €-543 | €-125k | ▼ 22,994% |
| Change in cash | - | €545k | €-31k | €-401k | €-51k | ▲ 87.4% |
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
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-20k
Net result drops to €-20k, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
31-12
Financial
Liquidity times 5current ratio 70.32
Current ratio from 14.20 to 70.32; short-term debt falls from €63k to €7k.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
20-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 51 days late
2022
31-12
Financial
Back to profitnet €158k
Net result €158k after 2 loss-making years.
31-12
Financial
Equity above €150kEq €182k ▲675%
Equity rises from €23k to €182k.
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Liège · 1 establishment unit since 2020
Ground area
530 m²
Building footprint
202 m²
Volume, LiDAR
6,597 m³
Parcel 62814C0082/00A003, Wallonia · tallest building 35.7 m, ±11 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
CHAAR & CO
since 20202.305.240.632
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62814C0082/00A003 | Wallonia | 530 m² | 1 · 202 m² | 35.7 m · 11 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.
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Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 5,350 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
Founded26-05-2020
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
Scores and ratios are computed by Checked and are not a credit decision.