CHADELSO
ActiveSummary
CHADELSO has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€471,860) and a net result of -€15,480. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 5% of 8763 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability38▼-37
Solvency0=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.46 against 0.87 in 2024; short-term debt: 34.3% and cash: 6.8% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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 2025Solvency, return and age of the figures
Solvency
-195.6%
Return on assets
-6.4%
Age of the figures
15 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€471,860
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 17-12-2025, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
45 d early
2024
36 d early
2023
9 d early
2022
8 d early
2021
21 d early
2020
9 d early
2019
15 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 20 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 10 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
-€471,860▼ 3.4%
2024 · -€456,380
Total assets
€241,182▲ 80.5%
2024 · €133,615
Net result
-€15,480
2024 · €6,894
Working capital
-€44,573▼ 458%
2024 · -€7,983
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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
Line20212022202320242025
Operating result€29,914€20,368▼ 31.9%€45,675▲ 124%€12,492▼ 72.6%-€9,029
Net result€23,091within the sector's middle half€11,849within the sector's middle half▼ 48.7%€30,142within the sector's middle half▲ 154%€6,894within the sector's middle half▼ 77.1%-€15,480below the sector's middle half
Equity-€505,265below the sector's middle half▲ 4.4%-€493,416below the sector's middle half▲ 2.3%-€463,273below the sector's middle half▲ 6.1%-€456,380below the sector's middle half▲ 1.5%-€471,860below the sector's middle half▼ 3.4%
Total assets€13,177below the sector's middle half▲ 1.1%€23,841below the sector's middle half▲ 80.9%€105,154below the sector's middle half▲ 341%€133,615below the sector's middle half▲ 27.1%€241,182below the sector's middle half▲ 80.5%
Debt€518,442▼ 4.2%€517,257▼ 0.2%€568,427▲ 9.9%€589,995▲ 3.8%€713,042▲ 20.9%
Working capital-€5,399within the sector's middle half▲ 80.9%-€11,903within the sector's middle half▼ 120%-€13,610within the sector's middle half▼ 14.3%-€7,983within the sector's middle half▲ 41.3%-€44,573within the sector's middle half▼ 458%
Solvency-440.6%below the sector's middle half-341.6%below the sector's middle half▲ 99.0pp-195.6%below the sector's middle half▲ 145.9pp
Current ratio0.70within the sector's middle half▲ 0.400.56below the sector's middle half▼ 0.140.67within the sector's middle half▲ 0.120.87within the sector's middle half▲ 0.200.46below the sector's middle half▼ 0.41
Return on assets (ROA)175.2%above the sector's middle half▲ 189.1pp49.7%above the sector's middle half▼ 125.5pp28.7%above the sector's middle half▼ 21.0pp5.2%within the sector's middle half▼ 23.5pp-6.4%below the sector's middle half▼ 11.6pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €9,029 after €12,492 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €241,182
Fixed assets
€202,994 ▲ 161%
Current assets
€38,188 ▼ 31.5%
Key figures and ratios
EBITDA
€17,730▼
2024 · €29,946
Cash flow
€11,280▼
2024 · €24,348
Debt to equity
-1.51▼
2024 · -1.29
Interest coverage
3.25▼
2024 · 10.17
Debt ≤ 1 year
€82,761▲
2024 · €63,721
Debt > 1 year
€629,881▲
2024 · €525,886
Income taxes
€997▼
2024 · €4,580
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,338 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 90% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a small loss
2.5%
went bankrupt
5.6%
stopped otherwise
90%
still going
A further 1.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 2,338 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €482 | €1,066 | €3,536 | €17,454 | €26,760 | ▲ 53.3% |
| Other operating charges640/8 | - | €3,101 | €2,613 | €2,598 | €2,698 | ▲ 3.9% |
| Gross operating margin9900 | €30,974 | €24,535 | €51,824 | €32,544 | €20,428 | ▼ 37.2% |
| Operating profit (loss)9901 | €29,914 | €20,368 | €45,675 | €12,492 | -€9,029 | ▼ 172% |
| Financial income75/76B | - | €0 | €2 | €1,925 | €0 | ▼ 100% |
| Recurring financial income75 | €4 | €0 | €2 | €1,925 | €0 | ▼ 100% |
| Financial charges65/66B | - | €155 | €490 | €2,944 | €5,453 | ▲ 85.2% |
| Recurring financial charges65 | €117 | €155 | €490 | €2,944 | €5,453 | ▲ 85.2% |
| Profit (loss) for the period before taxes9903 | €29,801 | €20,213 | €45,187 | €11,473 | -€14,483 | ▼ 226% |
| Income taxes67/77 | €6,710 | €8,364 | €15,045 | €4,580 | €997 | ▼ 78.2% |
| Profit (loss) for the period9904 | €23,091 | €11,849 | €30,142 | €6,894 | -€15,480 | ▼ 325% |
| Profit (loss) for the period to be appropriated9905 | €23,091 | €11,849 | €30,142 | €6,894 | -€15,480 | ▼ 325% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €13,177 | €23,841 | €105,154 | €133,615 | €241,182 | ▲ 80.5% |
| Fixed assets21/28 | €482 | €8,834 | €77,078 | €77,878 | €202,994 | ▲ 161% |
| Tangible fixed assets22/27 | €482 | €8,834 | €77,078 | €77,878 | €202,994 | ▲ 161% |
| Furniture and vehicles24 | - | €8,834 | €77,078 | €66,461 | €52,054 | ▼ 21.7% |
| Other tangible fixed assets26 | - | - | - | €11,417 | €150,940 | ▲ 1,222% |
| Current assets29/58 | €12,695 | €15,007 | €28,075 | €55,738 | €38,188 | ▼ 31.5% |
| Amounts receivable within one year40/41 | €11,506 | €11,951 | €25,749 | €50,080 | €20,595 | ▼ 58.9% |
| Trade receivables40 | - | €11,951 | €25,749 | €31,580 | €15,595 | ▼ 50.6% |
| Other amounts receivable41 | - | - | - | €18,500 | €5,000 | ▼ 73.0% |
| Cash at bank and in hand54/58 | €121 | €632 | €136 | €2,900 | €16,497 | ▲ 469% |
| Deferred charges and accrued income490/1 | - | €2,424 | €2,190 | €2,757 | €1,096 | ▼ 60.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €13,177 | €23,841 | €105,154 | €133,615 | €241,182 | ▲ 80.5% |
| Equity10/15 | -€505,265 | -€493,416 | -€463,273 | -€456,380 | -€471,860 | ▼ 3.4% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €45 | €45 | €45 | €45 | €45 | = |
| Non-distributable reserves130/1 | - | €45 | €45 | €45 | €45 | = |
| Reserves not available under the articles1311 | - | €45 | €45 | €45 | €45 | = |
| Profit (loss) carried forward14 | -€517,710 | -€505,861 | -€475,718 | -€468,825 | -€484,305 | ▼ 3.3% |
| Amounts payable17/49 | €518,442 | €517,257 | €568,427 | €589,995 | €713,042 | ▲ 20.9% |
| Amounts payable after more than one year17 | €500,000 | €490,000 | €526,395 | €525,886 | €629,881 | ▲ 19.8% |
| Financial debts170/4 | - | €490,000 | €526,395 | €525,886 | €629,881 | ▲ 19.8% |
| Amounts payable within one year42/48 | €18,094 | €26,909 | €41,685 | €63,721 | €82,761 | ▲ 29.9% |
| Current portion of amounts payable after more than one year42 | - | - | €11,912 | €12,386 | €27,878 | ▲ 125% |
| Trade debts44 | - | €1,402 | €53 | €16,740 | €11,413 | ▼ 31.8% |
| Suppliers440/4 | - | €1,402 | €53 | €16,740 | €11,413 | ▼ 31.8% |
| Taxes, remuneration and social security45 | - | €11,662 | €18,321 | €10,620 | €5,361 | ▼ 49.5% |
| Taxes450/3 | - | €11,662 | €18,321 | €10,620 | €5,361 | ▼ 49.5% |
| Other amounts payable47/48 | - | €13,846 | €11,398 | €23,975 | €38,110 | ▲ 59.0% |
| Accrued charges and deferred income492/3 | - | €348 | €348 | €387 | €400 | ▲ 3.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23,091 | €11,849 | €30,142 | €6,894 | -€15,480 | ▼ 325% |
| + Depreciation and write-downs630 | €482 | €1,066 | €3,536 | €17,454 | €26,760 | ▲ 53.3% |
| Operating cash flow (approximation) | €23,572 | €12,915 | €33,678 | €24,348 | €11,280 | ▼ 53.7% |
| Investment in fixed assets (approximation) | - | -€9,418 | -€71,780 | -€18,253 | -€151,876 | ▼ 732% |
| Change in cash | - | €511 | -€495 | €2,764 | €13,597 | ▲ 392% |
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
2025
17-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
30-06
Financial
Weakest financial yearnet -€15,480
Net result drops to -€15,480, the lowest in the series.
2024
26-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
22-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Highest result since 2019net €30,142 ▲154%
Operating result €45,675, net result €30,142, both a record.
23-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
10-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Back to profitnet €23,091
Net result €23,091 after one loss-making year.
22-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
16-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
10-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
14-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 14 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, Sint-Martens-Latem · 1 establishment unit since 2012
Ground area
6,714 m²
Building footprint
487 m²
Parcel 44064A0334/00Z000, Flanders. Linked by address, not a title deed.
1 establishment unit
CHADELSO
since 20122.210.484.005
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44064A0334/00Z000 | Flanders | 6,714 m² | 1 · 487 m² | - |
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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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded22-05-2012
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
73200Market research and public opinion polling
82100Office administrative and support services
82990Other business support services
85599Other education
E-invoicing
Reachable via Peppol
Peppol ID
0208:0846067058
Also
9925:BE0846067058
Registered
06-05-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.