CHAIR-TECH
ActiveSummary
The computed 12-month bankruptcy probability of CHAIR-TECH is 2.2% (moderate). The 2025 annual accounts show equity of €71,640 and a net result of €28,185. Equity is growing by ~73.9% per year across the filed fiscal years. Its solvency ranks better than 95% of 28281 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Track record94
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 20.73 against 4.43 in 2024; short-term debt: 4.1% and cash: 30.8% of total assets), and 4.1% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
95.9%
Return on assets
37.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 3 filingsDeviation from the deadline
2025
31 d late
2024
on the day
2023
14 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 15 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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. Usually files around 15 August (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€71,640▲ 64.9%
2024 · €43,455
Total assets
€74,739▲ 36.4%
2024 · €54,774
Net result
€28,185▼ 21.7%
2024 · €36,002
Working capital
€61,135▲ 57.3%
2024 · €38,871
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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
Line202320242025
Operating result€6,152-€50,800▲ 726%€40,187▼ 20.9%
Net result€3,953within the sector's middle half-€36,002above the sector's middle half▲ 811%€28,185within the sector's middle half▼ 21.7%
Equity€7,453below the sector's middle half-€43,455within the sector's middle half▲ 483%€71,640within the sector's middle half▲ 64.9%
Total assets€30,389below the sector's middle half-€54,774below the sector's middle half▲ 80.2%€74,739within the sector's middle half▲ 36.4%
Debt€22,936-€11,319▼ 50.6%€3,099▼ 72.6%
Working capital€149below the sector's middle half-€38,871within the sector's middle half▲ 26,064%€61,135within the sector's middle half▲ 57.3%
Solvency24.5%within the sector's middle half-79.3%above the sector's middle half▲ 54.8pp95.9%above the sector's middle half▲ 16.5pp
Current ratio1.01below the sector's middle half-4.43above the sector's middle half▲ 3.4320.73above the sector's middle half▲ 16.29
Return on assets (ROA)13.0%within the sector's middle half-65.7%above the sector's middle half▲ 52.7pp37.7%above the sector's middle half▼ 28.0pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 21% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €74,739
Fixed assets
€10,505 ▲ 129%
Current assets
€64,235 ▲ 28.0%
Equity and liabilities €74,739
Equity
€71,640 ▲ 64.9%
Debt
€3,099 ▼ 72.6%
Debt's share of the balance-sheet total falls from 20.7% to 4.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€43,169▼
2024 · €53,521
Cash flow
€31,166▼
2024 · €38,723
Debt to equity
0.04▼
2024 · 0.26
ROE
39.3%▼
2024 · 82.8%
Interest coverage
232.93▼
2024 · 453.72
Debt ≤ 1 year
€3,099▼
2024 · €11,319
Income taxes
€11,822▼
2024 · €14,688
Staff costs
€199▲
2024 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.8%
went bankrupt
2.3%
stopped otherwise
96%
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 2.2% 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 497,338 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% | 1.9% |
| 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 39,278 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 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €151 | €0 | €199 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,725 | €2,721 | €2,981 | ▲ 9.6% |
| Other operating charges640/8 | €398 | €581 | €1,030 | ▲ 77.2% |
| Non-recurring operating charges66A | - | - | €1,077 | - |
| Gross operating margin9900 | €8,426 | €54,102 | €45,475 | ▼ 15.9% |
| Operating profit (loss)9901 | €6,152 | €50,800 | €40,187 | ▼ 20.9% |
| Financial income75/76B | €0 | €8 | €5 | ▼ 37.5% |
| Recurring financial income75 | €0 | €8 | €5 | ▼ 37.5% |
| Financial charges65/66B | €150 | €118 | €185 | ▲ 57.1% |
| Recurring financial charges65 | €150 | €118 | €185 | ▲ 57.1% |
| Profit (loss) for the period before taxes9903 | €6,002 | €50,690 | €40,007 | ▼ 21.1% |
| Income taxes67/77 | €2,049 | €14,688 | €11,822 | ▼ 19.5% |
| Profit (loss) for the period9904 | €3,953 | €36,002 | €28,185 | ▼ 21.7% |
| Profit (loss) for the period to be appropriated9905 | €3,953 | €36,002 | €28,185 | ▼ 21.7% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €30,389 | €54,774 | €74,739 | ▲ 36.4% |
| Formation expenses20 | €1,099 | €0 | - | - |
| Fixed assets21/28 | €6,205 | €4,584 | €10,505 | ▲ 129% |
| Tangible fixed assets22/27 | €6,205 | €4,584 | €10,505 | ▲ 129% |
| Plant, machinery and equipment23 | €4,427 | €3,506 | €2,584 | ▼ 26.3% |
| Furniture and vehicles24 | €1,778 | €1,078 | €7,920 | ▲ 635% |
| Current assets29/58 | €23,085 | €50,191 | €64,235 | ▲ 28.0% |
| Amounts receivable within one year40/41 | €21,644 | €35,944 | €40,438 | ▲ 12.5% |
| Trade receivables40 | €19,593 | €32,895 | €37,937 | ▲ 15.3% |
| Other amounts receivable41 | €2,051 | €3,049 | €2,501 | ▼ 18.0% |
| Cash at bank and in hand54/58 | €910 | €9,781 | €23,032 | ▲ 135% |
| Deferred charges and accrued income490/1 | €531 | €4,466 | €764 | ▼ 82.9% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €30,389 | €54,774 | €74,739 | ▲ 36.4% |
| Equity10/15 | €7,453 | €43,455 | €71,640 | ▲ 64.9% |
| Contributions10/11 | €3,500 | €3,500 | €3,500 | = |
| Reserves13 | €3,953 | €39,955 | €68,140 | ▲ 70.5% |
| Distributable reserves133 | €3,953 | €39,955 | €68,140 | ▲ 70.5% |
| Amounts payable17/49 | €22,936 | €11,319 | €3,099 | ▼ 72.6% |
| Amounts payable within one year42/48 | €22,936 | €11,319 | €3,099 | ▼ 72.6% |
| Trade debts44 | €7,743 | €1,165 | €527 | ▼ 54.8% |
| Suppliers440/4 | €7,743 | €1,165 | €527 | ▼ 54.8% |
| Taxes, remuneration and social security45 | €2,094 | €9,200 | €1,755 | ▼ 80.9% |
| Taxes450/3 | €2,094 | €8,483 | €617 | ▼ 92.7% |
| Remuneration and social security454/9 | - | €717 | €1,137 | ▲ 58.6% |
| Other amounts payable47/48 | €13,100 | €954 | €817 | ▼ 14.3% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,953 | €36,002 | €28,185 | ▼ 21.7% |
| + Depreciation and write-downs630 | €1,725 | €2,721 | €2,981 | ▲ 9.6% |
| Operating cash flow (approximation) | €5,678 | €38,723 | €31,166 | ▼ 19.5% |
| Investment in fixed assets (approximation) | - | -€1,099 | -€8,902 | ▼ 710% |
| Change in cash | - | €8,871 | €13,251 | ▲ 49.4% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Liquidity times 5current ratio 20.73
Current ratio from 4.43 to 20.73; short-term debt falls from €11,319 to €3,099.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2023net €36,002 ▲811%
Operating result €50,800, net result €36,002, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 4.43
Current ratio from 1.01 to 4.43; short-term debt falls from €22,936 to €11,319.
14-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 14 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 act for this company is 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, Temse · 1 establishment unit since 2023
Ground area
251 m²
Building footprint
251 m²
Parcel 46302D1498/00H008, Flanders. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
CHAIR-TECH
since 20232.347.399.802
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46302D1498/00H008 | Flanders | 251 m² | 1 · 251 m² | - |
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.
Similar companies · same sector, comparable size
TURQUOISE ELEC
BE 0830.352.959
Farciennes · Eq €71,542
ECO-LUX
BE 0740.460.386
Lierde · Eq €71,866
Machine World Hub
BE 0730.572.128
Ternat · Eq €71,403
Twoseven
BE 0792.459.712
Nivelles · Eq €72,003
EDS CABLING
BE 0820.371.164
Temse · Eq €72,170
Of 1,123 companies in sector 43212 we hold annual accounts for 421. 361 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
Founded15-06-2023
Fiscal year end31-12
Activities, NACEBEL 2025
43212Electrical installation work in industrial facilities
33120Repair and maintenance of machinery
43120Site preparation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0802763684
Also
9925:BE0802763684
Registered
24-11-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.