CHAGALL
ActiveSummary
CHAGALL has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €94,224 and a net result of -€6,704. Equity is shrinking by ~3.4% per year across the filed fiscal years. Its solvency ranks better than 95% of 2300 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability10▼-7
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity ample (current ratio 56.41 against 52.39 in 2024; short-term debt: 1.6% and cash: 74.8% of total assets), and 1.7% 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
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€6,704
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
25 d late
2024
25 d late
2023
27 d late
2022
30 d late
2021
30 d late
2020
15 d early
2019
40 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 23 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% 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.
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
Equity
€94,224▼ 6.6%
2024 · €100,928
Total assets
€95,843▼ 6.6%
2024 · €102,651
Net result
-€6,704▼ 358%
2024 · -€1,464
Working capital
€82,710▼ 6.6%
2024 · €88,530
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support 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€14,832▼ 25.8%-€12,619-€14,915▼ 18.2%-€1,798▲ 87.9%-€7,121▼ 296%
Net result€12,105within the sector's middle half▼ 28.5%-€12,643below the sector's middle half-€15,635below the sector's middle half▼ 23.7%-€1,464below the sector's middle half▲ 90.6%-€6,704below the sector's middle half▼ 358%
Equity€130,670within the sector's middle half▲ 10.2%€118,027within the sector's middle half▼ 9.7%€102,392within the sector's middle half▼ 13.2%€100,928within the sector's middle half▼ 1.4%€94,224within the sector's middle half▼ 6.6%
Total assets€138,989below the sector's middle half▼ 6.9%€121,179below the sector's middle half▼ 12.8%€104,573below the sector's middle half▼ 13.7%€102,651below the sector's middle half▼ 1.8%€95,843below the sector's middle half▼ 6.6%
Debt€8,319▼ 72.9%€3,152▼ 62.1%€2,181▼ 30.8%€1,723▼ 21.0%€1,619▼ 6.0%
Working capital€118,170▲ 9.1%€106,147▼ 10.2%€88,888▼ 16.3%€88,530▼ 0.4%€82,710▼ 6.6%
Solvency94.0%above the sector's middle half▲ 14.6pp97.4%above the sector's middle half▲ 3.4pp97.9%above the sector's middle half▲ 0.5pp98.3%above the sector's middle half▲ 0.4pp98.3%above the sector's middle half=
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings.
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 €7,121 in 2025 against €1,798 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €95,843
Fixed assets
€11,640 ▼ 6.1%
Current assets
€84,202 ▼ 6.7%
Equity and liabilities €95,843
Equity
€94,224 ▼ 6.6%
Debt
€1,619 ▼ 6.0%
Debt's share of the balance-sheet total stays at 1.7%.
Key figures and ratios
EBITDA
-€6,363▼
2024 · -€692
Cash flow
-€5,946▼
2024 · -€358
Current ratio
56.41▲
2024 · 52.39
Debt to equity
0.02▲
2024 · 0.02
ROE
-7.1%▼
2024 · -1.5%
ROA
-7.0%▼
2024 · -1.4%
Interest coverage
-66.89▼
2024 · -14.29
Debt ≤ 1 year
€1,493▼
2024 · €1,723
Income taxes
€257▼
2024 · €262
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 0.2% 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 | €0 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €52 | €620 | €965 | €1,106 | €758 | ▼ 31.5% |
| Other operating charges640/8 | €171 | €727 | €348 | €1,123 | €526 | ▼ 53.2% |
| Gross operating margin9900 | €15,055 | -€11,272 | -€13,603 | €432 | -€5,837 | ▼ 1,452% |
| Operating profit (loss)9901 | €14,832 | -€12,619 | -€14,915 | -€1,798 | -€7,121 | ▼ 296% |
| Financial income75/76B | €532 | €268 | €216 | €644 | €769 | ▲ 19.3% |
| Recurring financial income75 | €532 | €268 | €216 | €644 | €769 | ▲ 19.3% |
| Financial charges65/66B | €582 | €59 | €719 | €48 | €95 | ▲ 96.5% |
| Recurring financial charges65 | €582 | €59 | €719 | €48 | €95 | ▲ 96.5% |
| Profit (loss) for the period before taxes9903 | €14,783 | -€12,409 | -€15,419 | -€1,202 | -€6,448 | ▼ 436% |
| Income taxes67/77 | €2,678 | €233 | €216 | €262 | €257 | ▼ 2.1% |
| Profit (loss) for the period9904 | €12,105 | -€12,643 | -€15,635 | -€1,464 | -€6,704 | ▼ 358% |
| Profit (loss) for the period to be appropriated9905 | €12,105 | -€12,643 | -€15,635 | -€1,464 | -€6,704 | ▼ 358% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €138,989 | €121,179 | €104,573 | €102,651 | €95,843 | ▼ 6.6% |
| Fixed assets21/28 | €12,500 | €11,880 | €13,505 | €12,398 | €11,640 | ▼ 6.1% |
| Tangible fixed assets22/27 | €2,288 | €1,668 | €3,293 | €2,186 | €1,429 | ▼ 34.7% |
| Plant, machinery and equipment23 | - | - | €2,244 | €1,726 | €1,209 | ▼ 30.0% |
| Furniture and vehicles24 | €2,288 | €1,668 | €1,048 | €460 | €220 | ▼ 52.2% |
| Financial fixed assets28 | €10,212 | €10,212 | €10,212 | €10,212 | €10,212 | = |
| Current assets29/58 | €126,489 | €109,299 | €91,068 | €90,253 | €84,202 | ▼ 6.7% |
| Amounts receivable within one year40/41 | €8,966 | €3,549 | €8,384 | €16,435 | €11,760 | ▼ 28.4% |
| Trade receivables40 | €3,339 | €0 | €3,993 | €0 | - | - |
| Other amounts receivable41 | €5,627 | €3,549 | €4,392 | €16,435 | €11,760 | ▼ 28.4% |
| Cash at bank and in hand54/58 | €116,990 | €105,482 | €82,468 | €73,173 | €71,674 | ▼ 2.0% |
| Deferred charges and accrued income490/1 | €532 | €268 | €216 | €644 | €769 | ▲ 19.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €138,989 | €121,179 | €104,573 | €102,651 | €95,843 | ▼ 6.6% |
| Equity10/15 | €130,670 | €118,027 | €102,392 | €100,928 | €94,224 | ▼ 6.6% |
| Contributions10/11 | €27,268 | €27,268 | €27,268 | €27,268 | €27,268 | = |
| Reserves13 | €103,401 | €91,543 | €91,543 | €91,543 | €91,543 | = |
| Non-distributable reserves130/1 | €2,727 | €2,727 | €2,727 | €2,727 | €2,727 | = |
| Reserves not available under the articles1311 | €2,727 | €2,727 | €2,727 | €2,727 | €2,727 | = |
| Distributable reserves133 | €100,674 | €88,816 | €88,816 | €88,816 | €88,816 | = |
| Profit (loss) carried forward14 | €0 | -€784 | -€16,419 | -€17,883 | -€24,587 | ▼ 37.5% |
| Amounts payable17/49 | €8,319 | €3,152 | €2,181 | €1,723 | €1,619 | ▼ 6.0% |
| Amounts payable within one year42/48 | €8,319 | €3,152 | €2,181 | €1,723 | €1,493 | ▼ 13.4% |
| Trade debts44 | €3,346 | €1,921 | €0 | €1,239 | €1,230 | ▼ 0.7% |
| Suppliers440/4 | €3,346 | €1,921 | €0 | €1,239 | €1,230 | ▼ 0.7% |
| Taxes, remuneration and social security45 | €4,973 | €1,231 | €2,181 | €484 | €263 | ▼ 45.7% |
| Taxes450/3 | €2,973 | €1,231 | €2,181 | €484 | €263 | ▼ 45.7% |
| Remuneration and social security454/9 | €2,000 | €0 | - | - | - | - |
| Other amounts payable47/48 | €0 | - | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €126 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,105 | -€12,643 | -€15,635 | -€1,464 | -€6,704 | ▼ 358% |
| + Depreciation and write-downs630 | €52 | €620 | €965 | €1,106 | €758 | ▼ 31.5% |
| Operating cash flow (approximation) | €12,157 | -€12,023 | -€14,670 | -€358 | -€5,946 | ▼ 1,562% |
| Investment in fixed assets (approximation) | - | €0 | -€2,590 | €0 | €0 | - |
| Change in cash | - | -€11,508 | -€23,014 | -€9,295 | -€1,500 | ▲ 83.9% |
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
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 25 days late
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 25 days late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 27 days late
2023
31-12
Financial
Weakest financial yearnet -€15,635
Net result drops to -€15,635, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 34.68
Current ratio from 15.20 to 34.68; short-term debt falls from €8,319 to €3,152.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
31-12
Financial
Liquidity triplescurrent ratio 15.20
Current ratio from 4.53 to 15.20; short-term debt falls from €30,657 to €8,319.
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
09-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 40 days late
2019
31-12
Financial
Back to profitnet €102,016
Net result €102,016 after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 3.19
Current ratio from 1.00 to 3.19.
Show earlier events
31-12
Financial
Equity above €100,000Eq €118,565 ▲176%
Equity rises from €43,008 to €118,565.
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 57 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, Jabbeke · 1 establishment unit since 1983
Ground area
766 m²
Building footprint
157 m²
Volume, LiDAR
808 m³
Parcel 31035C0260/00Y002, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Warandedreef 14, 8490 Jabbeke
since 19832.110.153.341
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31035C0260/00Y002 | Flanders | 766 m² | 1 · 157 m² | 7.9 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 203 EUR awarded| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 203 EUR | 0 EUR |
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Of 24,517 companies in sector 82990 we hold annual accounts for 9,421. 7,193 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 (pre-2019)
Founded17-11-1983
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
47811Retail sale of cars and light vans (up to 3.5 tonnes)
46180Agents specialised in the wholesale of other particular products
46190Agents in non-specialised wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0424816745
Also
9925:BE0424816745
Registered
06-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.