CHAFFEE
ActiveSummary
CHAFFEE has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.4m and a net result of -€18,767. Equity remains stable across the filed fiscal years (±1.3% per year). Its solvency ranks better than 84% of 9268 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability67▲+1
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120,000 at 30 days acceptable
Liquidity ample (current ratio 3.24 against 2.81 in 2024; short-term debt: 11.7% and cash: 17% of total assets), and 21% 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○neutral
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 →
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 30-06-2025 was due by 31-01-2026 and was filed on 09-01-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
46 d early
2023
on the day
2022
6 d early
2021
10 d early
2020
74 d early
2019
60 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 31 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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.
Companies Code · seven monthsPosition in the running window
30-06-2026 close26-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€1.4m▼ 1.3%
2024 · €1.4m
Total assets
€1.8m▼ 3.6%
2024 · €1.8m
Net result
-€18,767▲ 52.0%
2024 · -€39,080
Working capital
€462,907▲ 18.9%
2024 · €389,163
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€229,775-€61,295-€38,374▲ 37.4%-€51,921▼ 35.3%-€42,471▲ 18.2%
Net result€200,677-€27,638-€70,319▼ 154%-€39,080▲ 44.4%-€18,767▲ 52.0%
Equity€1.6m▲ 14.8%€1.5m▼ 1.8%€1.5m▼ 4.6%€1.4m▼ 2.7%€1.4m▼ 1.3%
Total assets€1.9m▲ 15.6%€2.0m▲ 4.5%€2.0m▼ 0.8%€1.8m▼ 6.6%€1.8m▼ 3.6%
Debt€281,587▲ 1.1%€401,753▲ 42.7%€462,921▲ 15.2%€379,653▼ 18.0%€338,735▼ 10.8%
Working capital€573,505▲ 570%€348,328▼ 39.3%€328,741▼ 5.6%€389,163▲ 18.4%€462,907▲ 18.9%
Staff (FTE)0
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €42,471 in 2025 against €51,921 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.8m
Fixed assets
€1.1m ▼ 10.7%
Current assets
€669,881 ▲ 10.8%
Equity and liabilities €1.8m
Equity
€1.4m ▼ 1.3%
Provisions
€33,862 ▼ 16.7%
Debt
€338,735 ▼ 10.8%
Debt's share of the balance-sheet total falls from 20.7% to 19.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€89,311▲
2024 · €80,861
Cash flow
€113,015▲
2024 · €93,702
Current ratio
3.24▲
2024 · 2.81
Debt to equity
0.24▼
2024 · 0.27
ROE
-1.3%▲
2024 · -2.8%
ROA
-1.1%▲
2024 · -2.1%
Interest coverage
10.36▲
2024 · 8.04
Debt ≤ 1 year
€206,973▼
2024 · €215,393
Debt > 1 year
€126,495▼
2024 · €154,803
Income taxes
€407▼
2024 · €427
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €98,346 | €105,755 | €116,094 | €132,782 | €131,781 | ▼ 0.8% |
| Other operating charges640/8 | - | €11,036 | €10,529 | €14,956 | €10,625 | ▼ 29.0% |
| Gross operating margin9900 | €339,109 | €55,496 | €88,248 | €95,817 | €99,936 | ▲ 4.3% |
| Operating profit (loss)9901 | €229,775 | -€61,295 | -€38,374 | -€51,921 | -€42,471 | ▲ 18.2% |
| Financial income75/76B | - | €46,072 | €19,372 | €16,556 | €25,956 | ▲ 56.8% |
| Recurring financial income75 | €34,070 | €46,072 | €19,372 | €16,556 | €25,956 | ▲ 56.8% |
| Financial charges65/66B | - | €18,754 | €57,651 | €10,060 | €8,618 | ▼ 14.3% |
| Recurring financial charges65 | €5,274 | €18,754 | €57,651 | €10,060 | €8,618 | ▼ 14.3% |
| Profit (loss) for the period before taxes9903 | €258,571 | -€33,977 | -€76,653 | -€45,426 | -€25,132 | ▲ 44.7% |
| Transfer from deferred taxes780 | - | €6,772 | €6,772 | €6,772 | €6,772 | = |
| Transfer to deferred taxes680 | - | €0 | - | - | - | - |
| Income taxes67/77 | €6,008 | €433 | €438 | €427 | €407 | ▼ 4.6% |
| Profit (loss) for the period9904 | €200,677 | -€27,638 | -€70,319 | -€39,080 | -€18,767 | ▲ 52.0% |
| Transfer from tax-exempt reserves789 | - | €20,317 | €20,317 | €20,317 | €20,317 | = |
| Transfer to tax-exempt reserves689 | - | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €35,429 | -€7,321 | -€50,002 | -€18,763 | €1,550 | ▲ 108% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.9m | €2.0m | €2.0m | €1.8m | €1.8m | ▼ 3.6% |
| Fixed assets21/28 | €1.1m | €1.4m | €1.4m | €1.2m | €1.1m | ▼ 10.7% |
| Tangible fixed assets22/27 | €1.1m | €1.4m | €1.4m | €1.2m | €1.1m | ▼ 10.7% |
| Land and buildings22 | - | €1.3m | €1.2m | €1.1m | €1.0m | ▼ 9.1% |
| Plant, machinery and equipment23 | - | €0 | - | - | - | - |
| Furniture and vehicles24 | - | €4,690 | €819 | €707 | €596 | ▼ 15.8% |
| Leasing and similar rights25 | - | €22,082 | €118,276 | €91,214 | €64,153 | ▼ 29.7% |
| Other tangible fixed assets26 | - | €22,747 | €19,136 | €15,524 | €12,913 | ▼ 16.8% |
| Current assets29/58 | €831,468 | €603,530 | €600,894 | €604,557 | €669,881 | ▲ 10.8% |
| Amounts receivable within one year40/41 | €127,757 | €136,414 | €145,490 | €148,455 | €159,267 | ▲ 7.3% |
| Trade receivables40 | - | €10,926 | €10,839 | €10,818 | €10,993 | ▲ 1.6% |
| Other amounts receivable41 | - | €125,489 | €134,651 | €137,638 | €148,274 | ▲ 7.7% |
| Current investments50/53 | - | - | - | €175,000 | €200,000 | ▲ 14.3% |
| Cash at bank and in hand54/58 | €701,515 | €461,449 | €449,790 | €277,024 | €300,978 | ▲ 8.6% |
| Deferred charges and accrued income490/1 | - | €5,666 | €5,614 | €4,078 | €9,636 | ▲ 136% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.9m | €2.0m | €2.0m | €1.8m | €1.8m | ▼ 3.6% |
| Equity10/15 | €1.6m | €1.5m | €1.5m | €1.4m | €1.4m | ▼ 1.3% |
| Contributions10/11 | €79,574 | €79,708 | €79,708 | €79,708 | €79,708 | = |
| Capital10 | - | €79,574 | €79,574 | €79,574 | €79,574 | = |
| Issued capital100 | - | €79,574 | €79,574 | €79,574 | €79,574 | = |
| Outside capital11 | - | €134 | €134 | €134 | €134 | = |
| Share premium1100/10 | - | €134 | €134 | €134 | €134 | = |
| Reserves13 | €1.5m | €1.5m | €1.4m | €1.4m | €1.4m | ▼ 1.4% |
| Non-distributable reserves130/1 | - | €7,957 | €7,957 | €7,957 | €7,957 | = |
| Legal reserve130 | - | €7,957 | €7,957 | €7,957 | €7,957 | = |
| Tax-exempt reserves132 | - | €544,060 | €523,743 | €503,425 | €483,108 | ▼ 4.0% |
| Distributable reserves133 | - | €903,017 | €903,017 | €903,017 | €903,017 | = |
| Profit (loss) carried forward14 | - | -€7,321 | -€57,322 | -€76,085 | -€74,535 | ▲ 2.0% |
| Provisions and deferred taxes16 | €60,951 | €54,179 | €47,407 | €40,634 | €33,862 | ▼ 16.7% |
| Deferred taxes168 | - | €54,179 | €47,407 | €40,634 | €33,862 | ▼ 16.7% |
| Amounts payable17/49 | €281,587 | €401,753 | €462,921 | €379,653 | €338,735 | ▼ 10.8% |
| Amounts payable after more than one year17 | €11,683 | €139,710 | €182,223 | €154,803 | €126,495 | ▼ 18.3% |
| Financial debts170/4 | - | €139,710 | €182,223 | €154,803 | €126,495 | ▼ 18.3% |
| Amounts payable within one year42/48 | €257,963 | €255,202 | €272,153 | €215,393 | €206,973 | ▼ 3.9% |
| Current portion of amounts payable after more than one year42 | - | €21,973 | €29,731 | €27,421 | €28,308 | ▲ 3.2% |
| Trade debts44 | €1,408 | €12,298 | €45,640 | €2,206 | €11,936 | ▲ 441% |
| Suppliers440/4 | - | €12,298 | €45,640 | €2,206 | €11,936 | ▲ 441% |
| Taxes, remuneration and social security45 | - | €2,509 | €2,129 | €5,527 | €2,001 | ▼ 63.8% |
| Taxes450/3 | - | €2,509 | €2,129 | €5,527 | €2,001 | ▼ 63.8% |
| Other amounts payable47/48 | - | €218,421 | €194,653 | €180,240 | €164,728 | ▼ 8.6% |
| Accrued charges and deferred income492/3 | - | €6,841 | €8,544 | €9,457 | €5,266 | ▼ 44.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €200,677 | -€27,638 | -€70,319 | -€39,080 | -€18,767 | ▲ 52.0% |
| + Depreciation and write-downs630 | €98,346 | €105,755 | €116,094 | €132,782 | €131,781 | ▼ 0.8% |
| Operating cash flow (approximation) | €299,023 | €78,118 | €45,775 | €93,702 | €113,015 | ▲ 20.6% |
| Investment in fixed assets (approximation) | - | -€419,450 | -€102,806 | €0 | €0 | - |
| Change in cash | - | -€240,066 | -€11,659 | -€172,766 | €23,954 | ▲ 114% |
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
09-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
16-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Weakest financial yearnet -€70,319
Net result drops to -€70,319, the lowest in the series; recovery starts the following year.
25-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
21-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Back to profitnet €200,677
Net result €200,677 after 2 loss-making years.
30-06
Financial
Liquidity doublescurrent ratio 3.22
Current ratio from 1.32 to 3.22; short-term debt falls from €266,872 to €257,963.
2020
18-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
02-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
30-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
29-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
30-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Turnhout · 1 establishment unit since 1990
Ground area
256 m²
Building footprint
192 m²
Volume, LiDAR
1,413 m³
Parcel 13453S0033/00L002, Flanders · tallest building 11.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Pieter De Nefstraat 11, 2300 Turnhout
since 19902.049.872.195
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13453S0033/00L002 | Flanders | 256 m² | 1 · 192 m² | 11.0 m · 3 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.
Recognitions · licences · registrations
Legal Entity Identifier
967600H99391HOH65O35
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Of 12,041 companies in sector 68203 we hold annual accounts for 5,994. 3,908 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded27-09-1990
Fiscal year end30-06
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
Scores and ratios are computed by Checked and are not a credit decision.