CHADIMAD
ActiveSummary
The computed 12-month bankruptcy probability of CHADIMAD is 2.1% (moderate). The 2025 annual accounts show equity of €34,776 and a net result of -€16,020. Equity is shrinking by ~10.5% per year across the filed fiscal years. The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability7▼-77
Solvency62▼-38
Growth24▼-16
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity tight (current ratio 1.3 against 3.59 in 2024; short-term debt: 63% and cash: 79.4% of total assets), and 63% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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
37%
Return on assets
-17%
Age of the figures
9 mo
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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
4 d late
2023
37 d early
2022
59 d early
2021
53 d early
2020
19 d late
2019
40 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 16 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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 25 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€75,668▼ 30.0%
2020 · €108,102
EBIT margin
-35.9%▼ 35.4pp
2020 · -0.5%
Net result
-€16,020
2024 · €11,054
Working capital
€17,678▼ 62.2%
2024 · €46,738
Trend over the years
In euros
In per cent
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€75,668▼ 30.0%
Operating result-€27,177▼ 4,976%-€2,284▲ 91.6%€10,436€16,651▲ 59.6%€39,662▲ 138%
Net result-€42,172▼ 1,462%€8,347€6,165▼ 26.1%€11,054▲ 79.3%-€16,020
EBIT margin-35.9%▼ 35.4pp
Equity€65,230▼ 39.3%€73,577▲ 12.8%€59,742▼ 18.8%€70,795▲ 18.5%€34,776▼ 50.9%
Total assets€70,955▼ 37.9%€81,155▲ 14.4%€89,356▲ 10.1%€88,808▼ 0.6%€93,964▲ 5.8%
Debt€5,725▼ 16.3%€7,578▲ 32.4%€29,615▲ 291%€18,012▼ 39.2%€59,188▲ 229%
Working capital€55,997▼ 40.0%€70,391▲ 25.7%€28,268▼ 59.8%€46,738▲ 65.3%€17,678▼ 62.2%
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 138% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €93,964
Fixed assets
€17,098 ▼ 28.9%
Current assets
€76,866 ▲ 18.7%
Equity and liabilities €93,964
Equity
€34,776 ▼ 50.9%
Debt
€59,188 ▲ 229%
Debt's share of the balance-sheet total rises from 20.3% to 63.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€46,622▲
2024 · €24,067
Cash flow
-€9,060▼
2024 · €18,470
Current ratio
1.30▼
2024 · 3.59
Debt to equity
1.70▲
2024 · 0.25
ROE
-46.1%▼
2024 · 15.6%
ROA
-17.0%▼
2024 · 12.4%
Interest coverage
0.84▼
2024 · 112.58
Debt ≤ 1 year
€59,188▲
2024 · €18,012
Income taxes
€132▼
2024 · €5,384
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,805 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 88% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
2.0%
went bankrupt
9.8%
stopped otherwise
88%
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 2.1% 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 497,340 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% | 1.8% |
| 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 4,805 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €75,668 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €95,251 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,753 | €7,392 | €3,777 | €7,416 | €6,959 | ▼ 6.2% |
| Other operating charges640/8 | €842 | €503 | €1,242 | €1,064 | €232 | ▼ 78.2% |
| Gross operating margin9900 | -€19,582 | €5,611 | €15,454 | €25,131 | €46,854 | ▲ 86.4% |
| Operating profit (loss)9901 | -€27,177 | -€2,284 | €10,436 | €16,651 | €39,662 | ▲ 138% |
| Financial charges65/66B | €161 | €213 | €266 | €214 | €55,550 | ▲ 25,883% |
| Recurring financial charges65 | €161 | €213 | €266 | €214 | €55,550 | ▲ 25,883% |
| Profit (loss) for the period before taxes9903 | -€27,338 | -€2,497 | €10,170 | €16,437 | -€15,888 | ▼ 197% |
| Income taxes67/77 | €14,834 | -€10,843 | €4,005 | €5,384 | €132 | ▼ 97.5% |
| Profit (loss) for the period9904 | -€42,172 | €8,347 | €6,165 | €11,054 | -€16,020 | ▼ 245% |
| Profit (loss) for the period to be appropriated9905 | -€42,172 | €8,347 | €6,165 | €11,054 | -€16,020 | ▼ 245% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €70,955 | €81,155 | €89,356 | €88,808 | €93,964 | ▲ 5.8% |
| Fixed assets21/28 | €9,233 | €3,186 | €31,474 | €24,058 | €17,098 | ▼ 28.9% |
| Tangible fixed assets22/27 | €9,233 | €3,186 | €31,474 | €24,058 | €17,098 | ▼ 28.9% |
| Furniture and vehicles24 | €9,233 | €3,186 | €31,474 | €24,058 | €17,098 | ▼ 28.9% |
| Current assets29/58 | €61,722 | €77,969 | €57,882 | €64,750 | €76,866 | ▲ 18.7% |
| Amounts receivable within one year40/41 | - | €478 | €691 | €7,106 | €1,868 | ▼ 73.7% |
| Trade receivables40 | - | - | €213 | - | - | - |
| Other amounts receivable41 | - | €478 | €478 | €7,106 | €1,868 | ▼ 73.7% |
| Cash at bank and in hand54/58 | €61,722 | €77,491 | €57,191 | €57,502 | €74,618 | ▲ 29.8% |
| Deferred charges and accrued income490/1 | - | - | - | €143 | €379 | ▲ 166% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €70,955 | €81,155 | €89,356 | €88,808 | €93,964 | ▲ 5.8% |
| Equity10/15 | €65,230 | €73,577 | €59,742 | €70,795 | €34,776 | ▼ 50.9% |
| Contributions10/11 | €12,500 | €12,500 | €12,500 | €12,500 | €12,500 | = |
| Capital10 | €12,500 | - | - | - | - | - |
| Issued capital100 | €18,600 | - | - | - | - | - |
| Uncalled capital101 | €6,100 | - | - | - | - | - |
| Reserves13 | €41,860 | €50,207 | €36,372 | €47,425 | €27,425 | ▼ 42.2% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | €1,860 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €40,000 | €48,347 | €34,512 | €45,565 | €25,565 | ▼ 43.9% |
| Profit (loss) carried forward14 | €10,870 | €10,870 | €10,870 | €10,870 | -€5,149 | ▼ 147% |
| Amounts payable17/49 | €5,725 | €7,578 | €29,615 | €18,012 | €59,188 | ▲ 229% |
| Amounts payable within one year42/48 | €5,725 | €7,578 | €29,615 | €18,012 | €59,188 | ▲ 229% |
| Trade debts44 | €1,225 | €7,578 | €7,921 | €13,123 | €578 | ▼ 95.6% |
| Suppliers440/4 | €1,225 | - | €7,921 | €13,123 | €578 | ▼ 95.6% |
| Bills of exchange payable441 | - | €7,578 | - | - | - | - |
| Taxes, remuneration and social security45 | €4,500 | - | €2,505 | €4,889 | €3,384 | ▼ 30.8% |
| Taxes450/3 | €4,500 | - | €2,505 | €4,889 | €3,384 | ▼ 30.8% |
| Other amounts payable47/48 | - | - | €19,189 | - | €55,227 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€42,172 | €8,347 | €6,165 | €11,054 | -€16,020 | ▼ 245% |
| + Depreciation and write-downs630 | €6,753 | €7,392 | €3,777 | €7,416 | €6,959 | ▼ 6.2% |
| Operating cash flow (approximation) | -€35,419 | €15,739 | €9,941 | €18,470 | -€9,060 | ▼ 149% |
| Investment in fixed assets (approximation) | - | -€1,345 | -€32,065 | €0 | €0 | - |
| Change in cash | - | €15,769 | -€20,300 | €311 | €17,117 | ▲ 5,408% |
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
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
04-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
02-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €8,347
Net result €8,347 after 2 loss-making years.
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€42,172
Net result drops to -€42,172, the lowest in the series; recovery starts the following year.
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 19 days late
2020
09-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 40 days late
2019
31-12
Financial
Back to profitnet €30,326
Net result €30,326 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €110,103 ▲38%
Equity rises from €79,776 to €110,103.
06-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 6 days late
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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-Jans-Molenbeek · 1 establishment unit since 2011
Ground area
1,340 m²
Building footprint
561 m²
Volume, LiDAR
13,320 m³
2 parcels, Brussels · tallest building 28.8 m, ±9 floors. Linked by address, not a title deed.
10
companies at this address
See who is registered here
1 establishment unit
Teniersstraat 19, 1030 Schaarbeek
since 20112.198.276.356
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21524C0260/00E000 | Brussels | 1,238 m² | 1 · 484 m² | 28.8 m · 9 fl. |
| 21906D0166/00G000 | Brussels | 102 m² | 1 · 77 m² | 18.0 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
984500FT0A61ABBE2F29
Identification & contact
Identification
Legal formPrivate limited company
Founded12-08-2009
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0817740682
Also
9925:BE0817740682
Registered
04-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.