CHAMELEON CODEWING
ActiveSummary
The computed 12-month bankruptcy probability of CHAMELEON CODEWING is 3.0% (moderate). The 2025 annual accounts show negative equity (-€17,936) and a net result of €4,219. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 18537 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency0=
Growth58▲+26
Track record94
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.23; short-term debt: 430.9% and cash: 30% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
+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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-330.9%
Return on assets
77.9%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 18537 sector peers (2025).
NBB · sector comparisonPosition among 18537 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-08-2026, 3 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 · 5 filingsDeviation from the deadline
2025
3 d late
2024
71 d late
2023
29 d late
2022
24 d late
2021
11 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 28 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Equity
-€17,936▲ 19.0%
2024 · -€22,155
Total assets
€5,420▲ 74.7%
2024 · €3,102
Net result
€4,219
2024 · -€70,119
Working capital
-€17,936▲ 19.0%
2024 · -€22,155
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€2,878-€18,504€40,671▲ 120%-€70,119€3,331
Net result-€3,010-€15,494€32,479▲ 110%-€70,119€4,219
Equity-€10-€15,484€47,963▲ 210%-€22,155-€17,936▲ 19.0%
Total assets€60,900-€81,679▲ 34.1%€68,123▼ 16.6%€3,102▼ 95.4%€5,420▲ 74.7%
Debt€60,910-€66,195▲ 8.7%€20,160▼ 69.5%€25,257▲ 25.3%€23,356▼ 7.5%
Working capital€14,698-€76,168▲ 418%€55,294▼ 27.4%-€22,155-€17,936▲ 19.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €3,331 after a loss of €70,119 in 2024.
Key figures and ratios
Solvency
-330.9%
Current ratio
0.23
Debt to equity
-1.30
ROA
77.9%
Debt ≤ 1 year
€23,356▼
2024 · €25,257
Income taxes
€1,177
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,176 companies that looked in July 2024 the way this one looks now, 4.3% went bankrupt within 24 months and 89% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a profit of 5% of the balance sheet or more
4.3%
went bankrupt
5.6%
stopped otherwise
89%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.0% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 2,176 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €240 | €514 | €514 | €1,302 | - | - |
| Other operating charges640/8 | €50 | - | €384 | €6,444 | - | - |
| Non-recurring operating charges66A | - | - | - | €46,427 | - | - |
| Gross operating margin9900 | -€2,588 | €19,018 | €41,569 | -€15,946 | €3,331 | ▲ 121% |
| Operating profit (loss)9901 | -€2,878 | €18,504 | €40,671 | -€70,119 | €3,331 | ▲ 105% |
| Financial income75/76B | - | €184 | - | - | €2,287 | - |
| Recurring financial income75 | - | €184 | - | - | €2,287 | - |
| Non-recurring financial income76B | - | - | - | - | €2,287 | - |
| Financial charges65/66B | €132 | €73 | €72 | - | €221 | - |
| Recurring financial charges65 | €132 | €73 | €72 | - | €221 | - |
| Profit (loss) for the period before taxes9903 | -€3,010 | €18,615 | €40,599 | -€70,119 | €5,396 | ▲ 108% |
| Income taxes67/77 | - | €3,121 | €8,120 | - | €1,177 | - |
| Profit (loss) for the period9904 | -€3,010 | €15,494 | €32,479 | -€70,119 | €4,219 | ▲ 106% |
| Profit (loss) for the period to be appropriated9905 | -€3,010 | €15,494 | €32,479 | -€70,119 | €4,219 | ▲ 106% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €60,900 | €81,679 | €68,123 | €3,102 | €5,420 | ▲ 74.7% |
| Formation expenses20 | €2,330 | €1,816 | €1,302 | €0 | €0 | - |
| Current assets29/58 | €58,570 | €79,863 | €66,821 | €3,102 | €5,420 | ▲ 74.7% |
| Stocks and contracts in progress3 | €35,235 | €41,490 | €1,580 | - | - | - |
| Stocks30/36 | €35,235 | €41,490 | €1,580 | - | - | - |
| Amounts receivable within one year40/41 | €23,092 | €18,749 | €60,098 | €2,469 | €3,794 | ▲ 53.7% |
| Trade receivables40 | €13,100 | €15,665 | €55,031 | - | €1,325 | - |
| Other amounts receivable41 | €9,992 | €3,084 | €5,066 | €2,469 | €2,469 | = |
| Cash at bank and in hand54/58 | €243 | €19,624 | €5,144 | €633 | €1,626 | ▲ 157% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €60,900 | €81,679 | €68,123 | €3,102 | €5,420 | ▲ 74.7% |
| Equity10/15 | -€10 | €15,484 | €47,963 | -€22,155 | -€17,936 | ▲ 19.0% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | -€3,010 | €12,484 | €44,963 | -€25,155 | -€20,936 | ▲ 16.8% |
| Amounts payable17/49 | €60,910 | €66,195 | €20,160 | €25,257 | €23,356 | ▼ 7.5% |
| Amounts payable after more than one year17 | €17,038 | €62,499 | €8,633 | - | - | - |
| Trade debts175 | €17,038 | €62,499 | €8,633 | - | - | - |
| Amounts payable within one year42/48 | €43,872 | €3,696 | €11,527 | €25,257 | €23,356 | ▼ 7.5% |
| Trade debts44 | €43,872 | €575 | €3,385 | €1,349 | €0 | ▼ 100% |
| Suppliers440/4 | €43,872 | €575 | €3,385 | €1,349 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | €3,121 | €8,142 | €8,120 | €6,651 | ▼ 18.1% |
| Taxes450/3 | - | €3,121 | €8,142 | €8,120 | €6,651 | ▼ 18.1% |
| Other amounts payable47/48 | - | - | - | €15,788 | €16,705 | ▲ 5.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,010 | €15,494 | €32,479 | -€70,119 | €4,219 | ▲ 106% |
| + Depreciation and write-downs630 | €240 | €514 | €514 | €1,302 | - | - |
| Operating cash flow (approximation) | -€2,770 | €16,008 | €32,993 | -€68,817 | €4,219 | ▲ 106% |
| Change in cash | - | €19,381 | -€14,480 | -€4,511 | €993 | ▲ 122% |
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
03-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 3 days late
2025
31-12
Financial
Back to profitnet €4,219
Net result €4,219 after one loss-making year.
10-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 71 days late
2024
31-12
Financial
Weakest financial yearnet -€70,119
Net result drops to -€70,119, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Highest result since 2021net €32,479 ▲110%
Operating result €40,671, net result €32,479, both a record.
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
31-12
Financial
Back to profitnet €15,494
Net result €15,494 after one loss-making year.
31-12
Financial
Liquidity times 16current ratio 21.61
Current ratio from 1.34 to 21.61; short-term debt falls from €43,872 to €3,696.
11-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 11 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.
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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, Ferrières · 1 establishment unit since 2021
Ground area
807 m²
Building footprint
512 m²
Parcel 61076B0364/00N005, Wallonia. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
CHAMELEON CODEWING
since 20212.319.075.307
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61076B0364/00N005 | Wallonia | 807 m² | 1 · 512 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.
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Of 2,444 companies in sector 47820 we hold annual accounts for 780. 557 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
Founded23-06-2021
Fiscal year end31-12
Activities, NACEBEL 2025
47820Retail sale of motor vehicle parts and accessories
46720Wholesale of motor vehicle parts and accessories
47830Retail sale of motorcycles and motorcycle parts and accessories
Contact
Website
chameleoncodewing.co.uk
E-mail
info@chameleoncodewing.co.uk
E-invoicing
Reachable via Peppol
Peppol ID
0208:0770247603
Also
9925:BE0770247603
Registered
08-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.