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CHALLENGE ASBL

Active
Non-profit associationfounded 201412 years activeLibramont,Avenue de Bouillon 78, 6800 Libramont-Chevigny, BelgiumKBO/BCE: BE 0550.747.588
Summary

CHALLENGE ASBL has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €212,027 and a net result of €67,262. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 32% of 3,813 sector peers (NACE 70, fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).

Risk analysisWatch ReportCompare
CHALLENGE ASBLActiveChecked score 95/100
Risk analysis ReportCompare

Overview

Activity
Business and other management consultancy
NACE 70200
2 sites
Size
€648,482total assets 2025
Staff
5.5 FTE
Equity
€212,027
Profit
€67,262
Financial health
95 Excellent Checked score 2025
Bankruptcy probability, 12 months
< 0.1%
Structure
Board
5 members
Auditor: AXYLIUM AUDIT -LIEGE SrlAccounts 37 days early1 of 14 deeds read
Why 95+ Legal form Non-profit association+ Liquidity: current ratio 2.93, cash €330,838+ Sector Activities of head offices; management consultancy activities (NACE 70)+ Figures for FY 2025 (filed 24-06-2026)Show the evidence

Checked score

Score 2025
95 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 64% of its sector peers (NACE 70, micro)
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 58+25
equity 32.7% of total assets
Liquidity 85+35
short-term debt 34.0% · cash 51.0%
Profitability 82+7
return on assets 10.4%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (48,264 companies)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025highest value 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026lowest value 08-2026: < 0.1%● unchanged vs 07-2026lowest value 09-2026: < 0.1%● unchanged vs 08-2026lowest value 10-2026: < 0.1%● unchanged vs 09-2026lowest value
Credit up to €20,000 at 30 days acceptable
Liquidity ample (current ratio 2.93 against 1.86 in 2024; short-term debt: 34% and cash: 51% of total assets), but 67.3% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 70, micro): better than 32% on solvency, 77% on liquidity, 49% on profitability and 97% on growth.

The bankruptcy probability was computed on 06-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
−lowers risk○neutral
lowers risk · Legal form Non-profit association
KBO
lowers risk · Liquidity: current ratio 2.93, cash €330,838
NBB · annual accounts
lowers risk · Sector Activities of head offices; management consultancy activities (NACE 70)
KBO
lowers risk · Figures for FY 2025 (filed 24-06-2026)
NBB · annual accounts
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year €212,027
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 24-06-2026, 37 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
37 days early
2024
13 days early
2023
37 days early
2022
33 days early
2021
31 days early
2020
33 days early
2019
10 days 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 25 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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 28 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
07-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Appointments: Thierry DUBOIS, Alain Gaussin and…Resignation: Daniel DEFECHEREUX (director) ·…
  2. Annual accounts filedfiscal year 2025 · full…
  3. Highest result since 2018net €67,262 ▲117%

Key points

  • Positive: Equity rose in 2025from €45,040 to €212,027 ▲ 371% View
  • Board changedlatest change 29-09-2026 · 5 in office 5 joined · 1 left View
  • Positive: Always filed on timeaccounts within the deadline every year 6 years View
  • Positive: 6 profitable years in a rowprofit 2025: €67,262 6 years View
  • Among the largest 19% on gross marginsector median €99,900 · 2,647 companies €559,219 View

By topic

Financials

Fiscal year
2025
Total assets
€648,482
Profit
€67,262
Solvency
32.7%
Total assets▲ 9.6%
Net result
20182025
Go to Financials

Timeline

Events
14
Since
2017
Next accounts
by 31-07-2027
  1. 31-12-2025Equity above €200,000
  2. 18-07-2025Annual accounts filed
  3. 24-06-2024Annual accounts filed
Go to Timeline

Company details

Sites
2
Legal form
Non-profit association
Activity
Business and other management consultancyNACE 70200
Founded
18-04-2014
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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