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Active
BE 0790.474.576Private limited companyOpen bankruptcy
Chains & Wheels
Markt 13 ·9930 Lievegem, Belgium· 3 yrs active
Sector: Retail trade
(47632)
Conclusion
A bankruptcy procedure is open for Chains & Wheels according to publications in the Belgian State Gazette. The 2024 annual accounts show negative equity (€-24k) and a net result of €-63k.
Based on the State Gazette, CBE and 2 annual accounts.
Key figures
| Equity | €-24k |
| Net result | €-63k |
| Staff (FTE) | 0.4 |
| Better than sector | 13% |
Snowflake analysis
35
/ 100
Fragile profile, watch health in particular.
Health
0
Profitability
100
Solvency
43
Growth
32
Stability
0
Bankruptcy probability (12 mo)
Bankruptcy opened
A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
Risk Assessment
50 / 100
High riskComponents
· Open bankruptcy (+50)
Trust signals
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags
No administrative flags
Health barometer
0
/ 100
Critical
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview
Annual accounts filed on 31-07-2025 with the NBB · fiscal year 2024 · verkort
Sector comparison
Fiscal year 2024 · NACE 47, Retail trade · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -12.1% | 20.3% | |
| Net result | €-63k | €26k | |
| Equity | €-24k | €142k | |
| Gross operating margin | €-31k | €217k | |
| Staff costs | €15k | €164k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
€-47k
-
-255% vs sector
€-63k
-
-171% vs sector
€-58k
-
far below sector median
€197k
+5.2%
-76% vs sector
€-24k
-
far below sector median
€-16k
-
far below sector median
0
-
-97% vs sector
€15k
-
-98% vs sector
€42
-99.7%
-97% vs sector
€220k
+49.5%
+40% vs sector
€194k
+74.9%
+224% vs sector
€26k
-26.7%
-74% vs sector
0.91
-39.8%
-47% vs sector
0.33
+13.0%
-15% vs sector
-12.1%
-
far below sector median
-9.28
-
far below sector median
266.0%
+173.0%
far above sector median
-32.1%
-
-177% vs sector
-4.26
-
+46% vs sector
Figures by fiscal year
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | €-47k |
| Net profit | €-63k |
| Cash flow | €-58k |
| Staff costs | €15k |
| Income taxes | €42 |
| Dividends | - |
| Total assets | €197k |
| Equity | €-24k |
| Debt | €220k |
| of which ≤ 1y | €194k |
| of which > 1y | €26k |
| Working capital | €-16k |
| Employees (FTE) | 0.4 |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 0.91 |
| Quick ratio | 0.33 |
| Working capital ratio | -8.4% |
| Solvency | -12.1% |
| Debt / equity | -9.28 |
| Long-term debt ratio | -1.11 |
| Interest coverage | -4.26 |
| Gross margin | - |
| Net margin | - |
| ROA | -32.1% |
| ROE | 266.0% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €197k |
| Fixed assets | 21/28 | €19k |
| Tangible fixed assets | 22/27 | €19k |
| Current assets | 29/58 | €177k |
| Stocks & contracts in progress | 3 | €113k |
| Amounts receivable within one year | 40/41 | €50k |
| Cash & bank | 54/58 | €13k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €197k |
| Equity | 10/15 | €-24k |
| Contributions / capital | 10/11 | €1k |
| Reserves | 13 | €38k |
| Accumulated profits (losses) | 14 | €-63k |
| Amounts payable | 17/49 | €220k |
| Amounts payable after one year | 17 | €26k |
| Amounts payable within one year | 42/48 | €194k |
| Trade debts payable within one year | 44 | €28k |
| Income statement | ||
| Gross operating margin | 9900 | €-31k |
| Operating result | 9901 | €-52k |
| Financial income | 75 | €206 |
| Financial charges | 65 | €11k |
| Result before taxes | 9903 | €-63k |
| Income taxes | 67/77 | €42 |
| Net result for the period | 9904 | €-63k |
| Result to be appropriated | 9905 | €-63k |
You're seeing the latest fiscal year only. Unlock 1 prior year (figures + ratios) with a paid plan.
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Ratios computed by Checked.
Directors & mandates
| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | MATTHIAS GESQUIERE MAALTEMEERS 84, 9051 1
GENT (SINT-DENIJS-WESTREM) |
14-10-2025 → present | Belgian State Gazette |
Legal Structure
| NACE primary | Retail trade(47632) |
| Legal form | Private limited company(610) |
| Incorporation | 06-09-2022 |
| Status | Active |
| Postal code | 9930 |
| First BS signal | 20-10-2025 |
| Latest BS signal | 20-10-2025 |
Company structure, linked entities
Mandates
Establishment units
Chains & Wheels
since 20222.335.673.490
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44080D0264/00V000 | Flanders | 299 m² | 1 · 292 m² | 14.0 m · 2 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
2025
20-10-2025
Bankruptcy
Opening
31-07-2025
NBB filing
Annual accounts filed
2024
31-10-2024
NBB filing
Annual accounts filed
Lifecycle & Insolvency Signals
20-10-2025
Bankruptcy
Opening
Time machine, BS events + macro context
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Credit advice
AI due-diligence brief
Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
Coming soon
AI-generated from Checked data; indicative, not legal or investment advice.
Company registry (CBE)
Activities
Detailhandel in fietsen47632Detailhandel in fietsen in gespecialiseerde winkels47785Vervaardiging van fietsen en invalidenwagens30920Vervaardiging van fietsen en invalidenwagens30920Detailhandel in overige sportartikelen47639Detailhandel in sport- en kampeerartikelen in gespecialiseerde winkels47640Verhuur en lease van sport- en recreatieartikelen77210Verhuur en lease van sport- en recreatieartikelen77210Reparatie van andere consumentenartikelen95290Reparatie en onderhoud van consumentenartikelen, neg95290
Primary activity highlighted.
Names & trade names
| Legal nameNL | Chains & Wheels |
Registered office
Markt 13
9930 Lievegem, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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