CHAGA
ActiveSummary
CHAGA has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.57M and a net result of €3k. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 95% of 8663 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
85
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability38▲+6
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130k at 30 days acceptable
Liquidity ample (current ratio 23.03 against 2.48 in 2024; short-term debt: 0.4% of total assets), and 0.4% of the assets are financed with debt.
Credit advice for your own amount and term
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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
99.6%
Return on assets
0.2%
Age of the figures
9 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
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
27 d early
2023
38 d early
2022
119 d early
2021
2 d early
2020
32 d early
2019
35 d early
← 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.57M▲ 0.2%
2024 · €1.57M
2018: €7.45M
2019: €7.95M
2020: €8.49M
2021: €8.57M
2022: €8.96M
2023: €9.57M
2024: €1.57M
2018 → 2025
Total assets
€1.58M▼ 4.7%
2024 · €1.66M
2018: €14.22M
2019: €14.47M
2020: €14.59M
2021: €14.16M
2022: €15.24M
2023: €15.71M
2024: €1.66M
2018 → 2025
Net result
€3k
2024 · €-39k
2018: €349k
2019: €507k
2020: €569k
2021: €79k
2022: €394k
2023: €603k
2024: €-39k
2018 → 2025
Working capital
€132k▲ 2.2%
2024 · €129k
2018: €-466k
2019: €13k
2020: €549k
2021: €-235k
2022: €-988k
2023: €-677k
2024: €129k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€8.57M-€8.96M▲ 4.6%€9.57M▲ 6.7%€1.57M▼ 83.6%€1.57M▲ 0.2%
Operating result€154k-€503k▲ 226%€590k▲ 17.3%€-7k€-6k▲ 23.4%
Net result€79k-€394k▲ 397%€603k▲ 52.9%€-39k€3k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6k in 2025 against €7k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.58M
Fixed assets
€1.44M =
Current assets
€138k ▼ 36.1%
Equity and liabilities €1.58M
Equity
€1.57M ▲ 0.2%
Debt
€6k ▼ 93.1%
Debt's share of the balance-sheet total falls from 5.2% to 0.4%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
23.03▲
2024 · 2.48
Debt to equity
0.00▼
2024 · 0.06
ROE
0.2%▲
2024 · -2.5%
ROA
0.2%▲
2024 · -2.3%
Debt ≤ 1 year
€6k▼
2024 · €87k
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 · 35 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.66M€1.58M▼
Fixed assets21/28€1.44M€1.44M=
Tangible fixed assets22/27€1.44M€1.44M=
Land and buildings22€1.44M€1.44M=
Current assets29/58€215k€138k▼
Amounts receivable within one year40/41€208k€138k▼
Other amounts receivable41€208k€138k▼
Cash at bank and in hand54/58€7k-
Equity and liabilities
Total equity and liabilities10/49€1.66M€1.58M▼
Equity10/15€1.57M€1.57M▲
Contributions10/11€63k€63k=
Reserves13€1.43M€1.43M=
Non-distributable reserves130/1€6k€6k=
Reserves not available under the articles1311€6k€6k=
Tax-exempt reserves132€52k€52k=
Distributable reserves133€1.37M€1.37M=
Profit (loss) carried forward14€77k€80k▲
Amounts payable17/49€87k€6k▼
Amounts payable within one year42/48€87k€6k▼
Trade debts44€968€164▼
Suppliers440/4€968€164▼
Other amounts payable47/48€86k€6k▼
Income statement
Code20242025
Other operating charges640/8€115€254▲
Gross operating margin9900€-7k€-5k▲
Operating profit (loss)9901€-7k€-6k▲
Financial income75/76B€5k€9k▲
Recurring financial income75€5k€9k▲
Financial charges65/66B€37k€877▼
Recurring financial charges65€37k€877▼
Profit (loss) for the period before taxes9903€-38k€3k▲
Income taxes67/77€334-
Profit (loss) for the period9904€-39k€3k▲
Profit (loss) for the period to be appropriated9905€-39k€3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€77k€80k▲
Profit (loss) brought forward from the previous period14P€116k€77k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
31-12
Financial
Liquidity times 9current ratio 23.03
Current ratio from 2.48 to 23.03; short-term debt falls from €87k to €6k.
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-39k ▼106%
Net result drops to €-39k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 5current ratio 2.48
Current ratio from 0.54 to 2.48; short-term debt falls from €1.48M to €87k.
23-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €603k ▲52.9%
Operating result €590k, net result €603k, both a record.
03-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity quadruplescurrent ratio 3.86
Current ratio from 1.02 to 3.86; short-term debt falls from €612k to €192k.
Show earlier events
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Liquidity doublescurrent ratio 1.02
Current ratio from 0.44 to 1.02; short-term debt falls from €837k to €612k.
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-01
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.
Directors · office · real estate
Directors
7 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, Kortrijk · 1 establishment unit since 2004
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.
Meensesteenweg(Kor) 868500 KortrijkGround area
9,736 m²
Building footprint
5,100 m²
Volume, LiDAR
22,901 m³
Parcel 34352A0060/00G005, Flanders · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CHAGA
since 20042.139.224.538
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34352A0060/00G005 | Flanders | 9,736 m² | 1 · 5,100 m² | 10.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
COMMORI
BE 0445.591.274
Kortrijk · Eq €1,572,085
ETREAC CONSULTING
BE 0452.239.635
Namur · Eq €1,570,923
EHSB
BE 0829.714.937
Deinze · Eq €1,570,893
ASSOCIATES SERVICES
BE 0464.710.766
Kortrijk · Eq €1,572,854
OSMANA
BE 0469.767.040
Antwerpen · Eq €1,572,973
Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 22,873 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded20-02-2004
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.