CHADES
ActiveSummary
CHADES has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €149,312 and a net result of -€6,431. Equity is growing by ~4.2% per year across the filed fiscal years. Its solvency ranks better than 62% of 10519 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability34▼-14
Solvency73▼-5
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity ample (current ratio 2.04 against 2.23 in 2024; short-term debt: 42.1% and cash: 29.6% of total assets), but 51.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
20 d early
2023
41 d early
2022
27 d early
2021
25 d late
2020
31 d late
2019
17 d late
← 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 3 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
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. Usually files around 11 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#9 employer in Couvin, Wholesale and retail trade sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€6,431
2024 · €8,337
Working capital
€135,911▼ 5.9%
2024 · €144,437
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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€18,170▼ 51.0%€14,804▼ 18.5%€16,337▲ 10.4%€23,788▲ 45.6%€3,532▼ 85.2%
Net result-€2,321below the sector's middle half€2,595within the sector's middle half€3,763within the sector's middle half▲ 45.0%€8,337within the sector's middle half▲ 122%-€6,431below the sector's middle half
Equity€141,047above the sector's middle half▼ 1.6%€143,642above the sector's middle half▲ 1.8%€147,405above the sector's middle half▲ 2.6%€157,403within the sector's middle half▲ 6.8%€149,312within the sector's middle half▼ 5.1%
Total assets€245,586within the sector's middle half▲ 5.2%€277,084within the sector's middle half▲ 12.8%€271,088within the sector's middle half▼ 2.2%€296,740below the sector's middle half▲ 9.5%€309,517below the sector's middle half▲ 4.3%
Debt€104,539▲ 16.0%€133,442▲ 27.6%€123,683▼ 7.3%€139,337▲ 12.7%€160,205▲ 15.0%
Working capital€121,795above the sector's middle half▲ 2.4%€126,942above the sector's middle half▲ 4.2%€134,268above the sector's middle half▲ 5.8%€144,437within the sector's middle half▲ 7.6%€135,911within the sector's middle half▼ 5.9%
Solvency57.4%within the sector's middle half▼ 4.0pp51.8%within the sector's middle half▼ 5.6pp54.4%within the sector's middle half▲ 2.5pp53.0%within the sector's middle half▼ 1.3pp48.2%within the sector's middle half▼ 4.8pp
Current ratio2.38within the sector's middle half▼ 0.472.00within the sector's middle half▼ 0.382.09within the sector's middle half▲ 0.092.23within the sector's middle half▲ 0.142.04within the sector's middle half▼ 0.19
Return on assets (ROA)-0.9%within the sector's middle half▼ 9.6pp0.9%within the sector's middle half▲ 1.9pp1.4%within the sector's middle half▲ 0.5pp2.8%within the sector's middle half▲ 1.4pp-2.1%below the sector's middle half▼ 4.9pp
Staff (FTE)7.6▲ 1.3%7.4▼ 2.6%7.4=8.5within the sector's middle half▲ 14.9%9.1above the sector's middle half▲ 7.1%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 85% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €309,517
Fixed assets
€43,259 ▲ 23.9%
Current assets
€266,258 ▲ 1.7%
Equity and liabilities €309,517
Equity
€149,312 ▼ 5.1%
Debt
€160,205 ▲ 15.0%
Debt's share of the balance-sheet total rises from 47.0% to 51.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€21,619▼
2024 · €36,007
Cash flow
€11,657▼
2024 · €20,556
Quick ratio
1.73▼
2024 · 1.78
Debt to equity
1.07▲
2024 · 0.89
ROE
-4.3%▼
2024 · 5.3%
Interest coverage
2.17▼
2024 · 3.07
Debt ≤ 1 year
€130,347▲
2024 · €117,394
Debt > 1 year
€29,858▲
2024 · €21,943
Staff costs
€324,702▲
2024 · €321,155
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.6%
went bankrupt
8.5%
stopped otherwise
90%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,662 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 12,321 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €232,398 | €254,457 | €270,373 | €321,155 | €324,702 | ▲ 1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,655 | €12,207 | €10,106 | €12,219 | €18,088 | ▲ 48.0% |
| Other operating charges640/8 | €666 | €833 | €862 | €703 | €921 | ▲ 31.1% |
| Non-recurring operating charges66A | - | €241 | - | - | - | - |
| Gross operating margin9900 | €265,889 | €282,542 | €297,678 | €357,864 | €347,242 | ▼ 3.0% |
| Operating profit (loss)9901 | €18,170 | €14,804 | €16,337 | €23,788 | €3,532 | ▼ 85.2% |
| Financial income75/76B | €658 | €1,307 | €483 | €1 | - | - |
| Recurring financial income75 | €658 | €1,307 | €483 | €1 | - | - |
| Financial charges65/66B | €8,788 | €11,666 | €11,085 | €11,742 | €9,963 | ▼ 15.2% |
| Recurring financial charges65 | €8,788 | €11,666 | €11,085 | €11,742 | €9,963 | ▼ 15.2% |
| Profit (loss) for the period before taxes9903 | €10,040 | €4,444 | €5,735 | €12,047 | -€6,431 | ▼ 153% |
| Income taxes67/77 | €12,361 | €1,849 | €1,972 | €3,710 | - | - |
| Profit (loss) for the period9904 | -€2,321 | €2,595 | €3,763 | €8,337 | -€6,431 | ▼ 177% |
| Profit (loss) for the period to be appropriated9905 | -€2,321 | €2,595 | €3,763 | €8,337 | -€6,431 | ▼ 177% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €245,586 | €277,084 | €271,088 | €296,740 | €309,517 | ▲ 4.3% |
| Fixed assets21/28 | €35,451 | €23,243 | €13,138 | €34,909 | €43,259 | ▲ 23.9% |
| Intangible fixed assets21 | €500 | - | - | €0 | - | - |
| Tangible fixed assets22/27 | €34,736 | €23,028 | €12,923 | €34,694 | €43,044 | ▲ 24.1% |
| Land and buildings22 | - | - | - | €2,763 | €2,191 | ▼ 20.7% |
| Plant, machinery and equipment23 | €5,948 | €3,248 | €742 | €371 | - | - |
| Furniture and vehicles24 | €28,788 | €19,781 | €12,181 | €31,560 | €40,853 | ▲ 29.4% |
| Financial fixed assets28 | €215 | €215 | €215 | €215 | €215 | = |
| Current assets29/58 | €210,135 | €253,840 | €257,950 | €261,831 | €266,258 | ▲ 1.7% |
| Stocks and contracts in progress3 | €41,408 | €36,190 | €37,272 | €52,291 | €40,193 | ▼ 23.1% |
| Stocks30/36 | €41,408 | €36,190 | €37,272 | €52,291 | €40,193 | ▼ 23.1% |
| Amounts receivable within one year40/41 | €47,416 | €99,900 | €97,761 | €70,684 | €134,446 | ▲ 90.2% |
| Trade receivables40 | €23,209 | €50,297 | €38,140 | €27,418 | €77,403 | ▲ 182% |
| Other amounts receivable41 | €24,207 | €49,604 | €59,620 | €43,266 | €57,044 | ▲ 31.8% |
| Cash at bank and in hand54/58 | €121,311 | €117,751 | €122,917 | €138,856 | €91,619 | ▼ 34.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €245,586 | €277,084 | €271,088 | €296,740 | €309,517 | ▲ 4.3% |
| Equity10/15 | €141,047 | €143,642 | €147,405 | €157,403 | €149,312 | ▼ 5.1% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €69,650 | €69,650 | €69,650 | €71,310 | €69,650 | ▼ 2.3% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | €67,790 | €67,790 | €67,790 | €71,310 | €69,650 | ▼ 2.3% |
| Profit (loss) carried forward14 | €52,797 | €55,392 | €59,155 | €67,493 | €61,062 | ▼ 9.5% |
| Amounts payable17/49 | €104,539 | €133,442 | €123,683 | €139,337 | €160,205 | ▲ 15.0% |
| Amounts payable after more than one year17 | €16,199 | €6,544 | - | €21,943 | €29,858 | ▲ 36.1% |
| Financial debts170/4 | €16,199 | €6,544 | - | €21,943 | €29,858 | ▲ 36.1% |
| Amounts payable within one year42/48 | €88,340 | €126,898 | €123,683 | €117,394 | €130,347 | ▲ 11.0% |
| Current portion of amounts payable after more than one year42 | €9,466 | €9,655 | €6,544 | €5,870 | €12,466 | ▲ 112% |
| Trade debts44 | €28,095 | €67,406 | €74,036 | €49,723 | €55,645 | ▲ 11.9% |
| Suppliers440/4 | €28,095 | €67,406 | €74,036 | €49,723 | €55,645 | ▲ 11.9% |
| Taxes, remuneration and social security45 | €41,931 | €49,837 | €43,103 | €61,800 | €62,237 | ▲ 0.7% |
| Taxes450/3 | €6,692 | €10,754 | €2,197 | €5,915 | €9,642 | ▲ 63.0% |
| Remuneration and social security454/9 | €35,239 | €39,083 | €40,907 | €55,886 | €52,595 | ▼ 5.9% |
| Other amounts payable47/48 | €8,848 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,321 | €2,595 | €3,763 | €8,337 | -€6,431 | ▼ 177% |
| + Depreciation and write-downs630 | €14,655 | €12,207 | €10,106 | €12,219 | €18,088 | ▲ 48.0% |
| Operating cash flow (approximation) | €12,334 | €14,802 | €13,869 | €20,556 | €11,657 | ▼ 43.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€33,990 | -€26,438 | ▲ 22.2% |
| Change in cash | - | -€3,561 | €5,167 | €15,939 | -€47,237 | ▼ 396% |
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
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
25-03
State Gazette act
Registered officeRegistered-office move · Power of attorney3 facts ▸
State Gazette act
Registered office
Registered-office move · Power of attorney3 facts ▸
- General meeting, 20/01/2026
- Registered-office move, Rue du Pont Pavot, 24 5660 Frasnes BELGIUM
- Power of attorney, Compta KLR Sàrl
2025
31-12
Financial
Weakest financial yearnet -€6,431
Net result drops to -€6,431, the lowest in the series.
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Equity above €150,000Eq €157,403 ▲6.8%
3 profitable years in a row build equity to €157,403.
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €2,595
Net result €2,595 after one loss-making year.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
17-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 17 days late
2019
31-12
Financial
Highest result since 2018net €23,697 ▲107%
Operating result €37,532, net result €23,697, both a record.
Show earlier events
31-12
Financial
Equity above €100,000Eq €123,192 ▲23.8%
2 profitable years in a row build equity to €123,192.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
09-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 9 days late
2017
21-04
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Couvin · 1 establishment unit since 2003
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 du Pont-Pavot, Fra. 245660 Couvin1 establishment unit
LA GOURMANDINE
since 20032.131.759.201
Recognitions · licences · registrations
Food safety, FASFC
1 siteCouvin2.131.759.201
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Of 3,824 companies in sector 47210 we hold annual accounts for 965. 750 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
Founded10-03-2003
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
47210Retail sale of fruit and vegetables
47271Retail trade
47279Other retail sale of food
47750Retail sale of cosmetics and toilet articles
47783Retail trade
Contact
E-mail
info@lagourmandine-mariembourg.beCouvin
Phone
060/311680Couvin
E-invoicing
Reachable via Peppol
Peppol ID
0208:0479732702
Registered
25-02-2026
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.