CHAMELEON CONSTRUCT
ActiveSummary
CHAMELEON CONSTRUCT has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €124,306 and a net result of €42,489. Equity is growing by ~22.7% per year across the filed fiscal years. Its solvency ranks better than 25% of 1938 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability78▲+1
Solvency47▼-19
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity tight (current ratio 1.01 against 2.47 in 2023; short-term debt: 38.2% and cash: 11.3% of total assets), and 78.3% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-07-2025, 6 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
6 d early
2023
1 d early
2022
5 d early
2021
5 d early
2020
2 d early
← 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 4 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€124,306▼ 41.3%
2023 · €211,817
Total assets
€572,542▲ 10.2%
2023 · €519,538
Net result
€42,489▲ 29.6%
2023 · €32,774
Working capital
€1,506▼ 98.4%
2023 · €94,108
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
Line20202021202220232024
Operating result€105,995-€68,354▼ 35.5%€48,416▼ 29.2%€51,925▲ 7.2%€66,087▲ 27.3%
Net result€84,030-€54,996▼ 34.6%€33,818▼ 38.5%€32,774▼ 3.1%€42,489▲ 29.6%
Equity€90,230-€145,225▲ 61.0%€179,043▲ 23.3%€211,817▲ 18.3%€124,306▼ 41.3%
Total assets€130,628-€184,307▲ 41.1%€537,849▲ 192%€519,538▼ 3.4%€572,542▲ 10.2%
Debt€40,398-€39,082▼ 3.3%€358,806▲ 818%€307,721▼ 14.2%€448,236▲ 45.7%
Working capital€57,479-€108,207▲ 88.3%€78,136▼ 27.8%€94,108▲ 20.4%€1,506▼ 98.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2022 Total assets +192% on 2021. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 27% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €572,542
Fixed assets
€352,399 ▼ 2.5%
Current assets
€220,143 ▲ 39.1%
Equity and liabilities €572,542
Equity
€124,306 ▼ 41.3%
Debt
€448,236 ▲ 45.7%
Debt's share of the balance-sheet total rises from 59.2% to 78.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€99,513▲
2023 · €86,946
Cash flow
€75,915▲
2023 · €67,794
Current ratio
1.01▼
2023 · 2.47
Quick ratio
0.96▼
2023 · 2.30
Debt to equity
3.61▲
2023 · 1.45
ROE
34.2%▲
2023 · 15.5%
ROA
7.4%▲
2023 · 6.3%
Interest coverage
9.66▼
2023 · 10.00
Debt ≤ 1 year
€218,637▲
2023 · €64,101
Debt > 1 year
€227,303▼
2023 · €243,620
Income taxes
€14,757▲
2023 · €12,054
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,677 companies that looked in July 2024 the way this one looks now, 1.3% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.3%
went bankrupt
1.2%
stopped otherwise
97%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 2,677 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,538 | €14,874 | €20,700 | €35,020 | €33,426 | ▼ 4.6% |
| Other operating charges640/8 | - | €1,293 | €1,485 | €8,054 | €3,761 | ▼ 53.3% |
| Gross operating margin9900 | €119,350 | €84,522 | €70,601 | €94,999 | €103,273 | ▲ 8.7% |
| Operating profit (loss)9901 | €105,995 | €68,354 | €48,416 | €51,925 | €66,087 | ▲ 27.3% |
| Financial income75/76B | - | €400 | €366 | €1,596 | €1,458 | ▼ 8.6% |
| Recurring financial income75 | €626 | €400 | €366 | €1,596 | €1,458 | ▼ 8.6% |
| Financial charges65/66B | - | €458 | €3,071 | €8,694 | €10,299 | ▲ 18.5% |
| Recurring financial charges65 | €977 | €458 | €3,071 | €8,694 | €10,299 | ▲ 18.5% |
| Profit (loss) for the period before taxes9903 | €105,644 | €68,296 | €45,712 | €44,828 | €57,246 | ▲ 27.7% |
| Income taxes67/77 | €21,614 | €13,300 | €11,894 | €12,054 | €14,757 | ▲ 22.4% |
| Profit (loss) for the period9904 | €84,030 | €54,996 | €33,818 | €32,774 | €42,489 | ▲ 29.6% |
| Profit (loss) for the period to be appropriated9905 | €84,030 | €54,996 | €33,818 | €32,774 | €42,489 | ▲ 29.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €130,628 | €184,307 | €537,849 | €519,538 | €572,542 | ▲ 10.2% |
| Fixed assets21/28 | €32,831 | €37,019 | €360,403 | €361,329 | €352,399 | ▼ 2.5% |
| Intangible fixed assets21 | €15,634 | €11,634 | €7,634 | €3,634 | €267 | ▼ 92.7% |
| Tangible fixed assets22/27 | €15,997 | €24,185 | €352,769 | €357,695 | €352,132 | ▼ 1.6% |
| Land and buildings22 | - | - | €329,064 | €331,230 | €327,261 | ▼ 1.2% |
| Plant, machinery and equipment23 | - | €18,556 | €20,436 | €22,315 | €22,361 | ▲ 0.2% |
| Furniture and vehicles24 | - | €5,629 | €3,270 | €4,149 | €2,509 | ▼ 39.5% |
| Financial fixed assets28 | €1,200 | €1,200 | €0 | - | - | - |
| Current assets29/58 | €97,797 | €147,289 | €177,446 | €158,209 | €220,143 | ▲ 39.1% |
| Stocks and contracts in progress3 | - | - | €15,750 | €10,930 | €10,350 | ▼ 5.3% |
| Stocks30/36 | - | - | €11,750 | €10,930 | €10,350 | ▼ 5.3% |
| Contracts in progress37 | - | - | €4,000 | €0 | - | - |
| Amounts receivable within one year40/41 | €92,556 | €53,217 | €142,354 | €79,953 | €135,354 | ▲ 69.3% |
| Trade receivables40 | - | €37,467 | €115,556 | €66,070 | €113,999 | ▲ 72.5% |
| Other amounts receivable41 | - | €15,750 | €26,798 | €13,882 | €21,356 | ▲ 53.8% |
| Cash at bank and in hand54/58 | €3,954 | €93,184 | €17,279 | €66,799 | €64,538 | ▼ 3.4% |
| Deferred charges and accrued income490/1 | - | €887 | €2,063 | €528 | €9,901 | ▲ 1,777% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €130,628 | €184,307 | €537,849 | €519,538 | €572,542 | ▲ 10.2% |
| Equity10/15 | €90,230 | €145,225 | €179,043 | €211,817 | €124,306 | ▼ 41.3% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €84,030 | €139,025 | €172,843 | €205,617 | €118,106 | ▼ 42.6% |
| Distributable reserves133 | - | €139,025 | €172,843 | €205,617 | €118,106 | ▼ 42.6% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Amounts payable17/49 | €40,398 | €39,082 | €358,806 | €307,721 | €448,236 | ▲ 45.7% |
| Amounts payable after more than one year17 | - | - | €259,496 | €243,620 | €227,303 | ▼ 6.7% |
| Financial debts170/4 | - | - | €259,496 | €243,620 | €227,303 | ▼ 6.7% |
| Amounts payable within one year42/48 | €40,318 | €39,082 | €99,310 | €64,101 | €218,637 | ▲ 241% |
| Current portion of amounts payable after more than one year42 | - | - | €16,846 | €17,275 | €17,715 | ▲ 2.5% |
| Financial debts43 | - | €20,112 | €18,000 | €0 | - | - |
| Credit institutions430/8 | - | €20,112 | €18,000 | €0 | - | - |
| Trade debts44 | €16,328 | €12,132 | €14,550 | €38,279 | €47,479 | ▲ 24.0% |
| Suppliers440/4 | - | €12,132 | €14,550 | €38,279 | €47,479 | ▲ 24.0% |
| Taxes, remuneration and social security45 | - | €0 | €3,382 | €3,277 | €19,692 | ▲ 501% |
| Taxes450/3 | - | €0 | €3,382 | €3,277 | €19,692 | ▲ 501% |
| Other amounts payable47/48 | - | €6,837 | €46,532 | €5,270 | €133,751 | ▲ 2,438% |
| Accrued charges and deferred income492/3 | - | €0 | - | - | €2,296 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €84,030 | €54,996 | €33,818 | €32,774 | €42,489 | ▲ 29.6% |
| + Depreciation and write-downs630 | €11,538 | €14,874 | €20,700 | €35,020 | €33,426 | ▼ 4.6% |
| Operating cash flow (approximation) | €95,568 | €69,870 | €54,518 | €67,794 | €75,915 | ▲ 12.0% |
| Investment in fixed assets (approximation) | - | -€19,062 | -€344,085 | -€35,946 | -€24,496 | ▲ 31.9% |
| Change in cash | - | €89,230 | -€75,906 | €49,520 | -€2,261 | ▼ 105% |
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
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €32,774 ▼3.1%
Net result drops to €32,774, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €200,000Eq €211,817 ▲18.3%
4 profitable years in a row build equity to €211,817.
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €150,000Eq €179,043 ▲23.3%
3 profitable years in a row build equity to €179,043.
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €100,000Eq €145,225 ▲61%
2 profitable years in a row build equity to €145,225.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are 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, Gent · 1 establishment unit since 2019
Ground area
402 m²
Building footprint
382 m²
Parcel 44038A0640/00X003, Flanders. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
CHAMELEON CONSTRUCT
since 20192.291.708.043
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44038A0640/00X003 | Flanders | 402 m² | 1 · 382 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 11,577 companies in sector 71121 we hold annual accounts for 6,563. 5,237 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
Founded19-06-2019
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
43211General electrical installation work
43320Joinery installation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0728661624
Also
9925:BE0728661624
Registered
12-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.