Equity
€31,517 from €107,479 in 2023
Equity fell by 71% in 2 years.
CHAMAGA
Lifetime
4 annual accounts with figures on one time axispeak €89,302 (2023)
-€29,707▲ €1,618
lowest -€38,530 (2024)
-€37,433▲ €1,097
peak €107,479 (2023)
€31,517▼ 54.3%
€815▼ 90.6%
Board1 name since 2022
Documentsfilings and deeds
31-05-202661 days before the deadline
2025micro format
Loss of €37,433Equity from €68,950 to €31,517Debts from €8,652 to €815Cash from €57,476 to €20,807
Key points
from the 2025 annual accountsLosses
-€75,962 in two years
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
Liquidity
99.90 was 8.07 in 2024
Short-term debts fell from €8,428 to €245.
Filings
4 annual accounts since 2022
The last four annual accounts were filed 43 to 61 days before the end of the period.
Starting capital
€2,000 100 shares
Position in the sector
-€37,433
Lower net result than 95% of companies in head offices and management consultancy. Sector median €27,132 · 39,384 companies.
Turnover not published (micro format)
Checked score
55
Fair
Financially stronger than 50% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,572 companies (NACE 70, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024lowest value
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 07-2025highest value
09-2025: < 0.1%● unchanged vs 08-2025highest value
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 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Loss of €37,433, the second in a row (financial year 2025)
lowers risk
Sector: Activities of head offices; management consultancy activities (NACE 70)
Liquidity: current ratio 99.90, cash €20,807, halved
Size: total assets €32,332
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 70, micro). It does better than 86% of them on solvency, 97% on liquidity, 4% on profitability and 12% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 3,223 companies had the same profile as CHAMAGA has now. Each dot stands for 9 companies, two years later.
87.8%
were still trading
8.7%
stopped another way
3.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of CHAMAGA itself is lower: < 0.1% within 12 months. It rests on far more data about CHAMAGA than the profile alone.
Test of the method
The method was tested on the 497,448 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 3,223 companies, not a prediction for CHAMAGA. 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.
Credit verdict
Credit of up to €1,500 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is ample, with a current ratio of 99.9 (8.07 in 2024), above the usual 1.5. Short-term debt is 0.8% and cash 64.4% of total assets. 2.5% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
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
22232425
2022 to 2025 · latest year -€37,433
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 31-05-2026, 61 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
61 days early
2024
58 days early
2023
58 days early
2022
43 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 55 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 4 June (4 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- VAN DER HAEGEN Eric François Georges Henri 100 sharesdeed of 09-02-2022
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0781679745
Incorporation
Founding capital of €2,000, 100 shares · Founder: VAN DER HAEGEN Eric François Georges Henri · Appointment: VAN DER HAEGEN Eric François Georges Henri (director) · published on 09-02-2022 · Gazette deed
First establishment
Avenue Belle Vue 21, La Hulpe
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CHAMAGA La Hulpe | €32,332 | -€29,707 | 97.5% | - |
| MANDERO Braine-le-Château | €32,437 | -€7,707 | -58.7% | - |
| LA BOÎTE À GUILLEMETS Braine-l'Alleud | €31,051 | -€11,295 | 24.3% | - |
| 778 CONSULTING Rixensart | €33,690 | -€4,654 | 37.1% | - |
| HWatteyne Consulting Walhain | €35,106 | €1,153 | 90.7% | - |
| Stoneman Consult Nivelles | €29,721 | -€9,907 | 75.5% | - |
| OZIA & Co Rixensart | €34,894 | -€8,779 | -9.4% | - |
These companies have the same main activity as CHAMAGA: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €29,700 and €35,100, founded between 2021 and 2022.
Official details
Source: KBO- Status
- Active since 07-02-2022Normal situation
- Activity
- Business and other management consultancyNACE 70200and 1 other
- Establishment unit
- 2.327.428.8861310 La Hulpe, since 07-02-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 22-12-2025
Annual accounts 2025
- €32,332▼ 58.3%
- Filing
- Filed on 31-05-2026, 61 days before the end of the filing period
Insights on CHAMAGA
CHAMAGA files the micro format. That format states no turnover. The gross margin fell from €52,662 in 2022 to -€29,707 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about CHAMAGA
- What is the company number of CHAMAGA?
- The company number of CHAMAGA is 0781.679.745. The VAT number is the same number with BE in front: BE 0781.679.745.
- Where is CHAMAGA based?
- The registered office is at Avenue Belle Vue 21, 1310 La Hulpe.Company details
- What does CHAMAGA do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of CHAMAGA?
- CHAMAGA is a private limited company (BV).
- When was CHAMAGA founded?
- CHAMAGA was founded on 07-02-2022.
- Is CHAMAGA still active?
- Yes, CHAMAGA is an active enterprise in the KBO register.
- What is the turnover of CHAMAGA?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is CHAMAGA profitable?
- In financial year 2025, CHAMAGA made a loss of €37,433.
- Where can I find the annual accounts of CHAMAGA?
- CHAMAGA filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of CHAMAGA due?
- CHAMAGA must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed
See how customers, suppliers and banks see your own company and what to improve first.