CHALBE
ActiveSummary
CHALBE has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10,751 and a net result of €7,751. Its solvency ranks better than 55% of 825 sector peers (NACE 58, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 17-06-2025 Normal situation
- Activity
- Other software publishing NACE 58290and 4 others
- Establishment unit
- 2.380.052.871 1170 Watermaal-Bosvoorde, since 17-06-2025
- Financial year end
- 31 December
- Peppol
- Reachable since 07-07-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €10,113
- Turnover
- ≈ €77,000
- estimated
- Profit
- €7,751
- Equity
- €10,751
- Total assets
- €19,229
Score breakdownraises riskFounded in 2025lowers riskSector: Publishing activities (NACE 58)Liquidity: current ratio 2.27, cash €18,920Figures for financial year 2025 (filed on 15-07-2026)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 58, micro). It does better than 58% of them on solvency, 71% on liquidity and 93% on profitability.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Searched, nothing found (1)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 15-07-2026 at the NBB
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
| Line | 2025 |
|---|---|
| Other operating charges640/8 | €400 |
| Gross operating margin9900 | €10,113 |
| Operating profit (loss)9901 | €9,713 |
| Financial charges65/66B | €24 |
| Recurring financial charges65 | €24 |
| Profit (loss) for the period before taxes9903 | €9,689 |
| Income taxes67/77 | €1,938 |
| Profit (loss) for the period9904 | €7,751 |
| Profit (loss) for the period to be appropriated9905 | €7,751 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €19,229 | |
| Current assets29/58 | €19,229 | |
| Amounts receivable within one year40/41 | €310 | |
| Other amounts receivable41 | €310 | |
| Cash at bank and in hand54/58 | €18,920 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €19,229 | |
| Equity10/15 | €10,751 | |
| Contributions10/11 | €3,000 | |
| Profit (loss) carried forward14 | €7,751 | |
| Amounts payable17/49 | €8,478 | |
| Amounts payable within one year42/48 | €8,478 | |
| Trade debts44 | €6,540 | |
| Suppliers440/4 | €6,540 | |
| Taxes, remuneration and social security45 | €1,938 | |
| Taxes450/3 | €1,938 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €7,751 |
| Operating cash flow (approximation) | €7,751 |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 11,279 companies had the same profile as CHALBE has now. Two years later, 96.6% were still going and 0.7% had gone bankrupt.
- Micro
- under 2 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of CHALBE itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 11,279 companies, not a prediction for CHALBE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 15-07-2026 | 2026-00296068 |
Board & ownership
Directors
Owners and capital
Shareholders
- Alban HERINCKX 10,000 shares (33.3%) · €1,000
- Charles NINANE 10,000 shares (33.3%) · €1,000
- Benjamin CORTIER 10,000 shares (33.3%) · €1,000
Capital transactions
- 19-06-2025 Incorporation · €3,000
- 19-06-2025 Incorporation · €3,000 · 30,000 shares
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| Alban HERINCKX |
|
| Benjamin CORTIER |
|
| Charles Ninane |
|
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “3”
Capital, shares and profit
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- “10000, 10000”
Audit, dissolution and liquidation
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Articles of association, deed of 19-06-2025 (in French)
Network & group
CHALBE shares no director with another company.
Companies at the same address
4 other companiesConnections & network
2 current directorsThe network starts from the directors of CHALBE. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
11-02
Gazette deed
Resignation: Charles Ninane (director)Power of attorney4 points ▸
- Board meeting, 27-01-2026
- Director resignation, Charles Ninane (director)
- Power of attorney, J. Jordens srl
- Power of attorney, Marion de Crombrugghe
19-06
Gazette deed
IncorporationStarting capital €3,000 · Appointments: Alban HERINCKX, Charles NINANE and Benjamin CORTIER · Permanent representative: Benjamin CORTIER · Founder14 points ▸
- Incorporation, “CHALBE” (deed in French)
- Founder, Alban HERINCKX
- Founder, Charles NINANE
- Founder, Benjamin CORTIER
- Founding capital, €3,000, mentioned 2 times in the deed
- Other provision, “plan financier et avertissement fondateurs, capitaux propres de départ justifiés” (deed in French)
- Bank account, “dépôt des versements”, 3000 (deed in French)
- Other provision, “effectivité dispositions finales/transitoires, comparants à l'unanimité” (deed in French)
- Registered office clause, “Watermael-Boitsfort (1170 Bruxelles),drève des Weigélias 29” (deed in French)
- Director appointment, Alban HERINCKX (director (not named in the articles))
- Director appointment, Charles NINANE (director (not named in the articles))
- Director appointment, Benjamin CORTIER (director (not named in the articles))
- The act holds 2 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21017D0057/00E013 | Brussels | 268 m² | 1 · 96 m² | 17.5 m · 5 |