CHAMPEL
ActiveCHAMPEL has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €107k and a net result of €73k. Equity is growing by ~35.4% per year across the filed fiscal years. Its solvency ranks better than 37% of 14056 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
49
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability37▲+13
Solvency40▲+12
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity short (current ratio 0.49 against 0.98 in 2024; short-term debt: 81.2% and cash: 4.8% of total assets), and 85.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
14.6%
Return on assets
9.9%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 26-01-2026, 5 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
5 d early
2024
1 d early
2023
on the day
2022
on the day
2021
1 d late
2020
43 d late
2019
9 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close21-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€107k▲ 214%
2024 · €34k
2019: €-4k
2020: €3k
2021: €31k
2022: €25k
2023: €38k
2024: €34k
2019 → 2025
Total assets
€733k▼ 37.1%
2024 · €1.17M
2019: €1.24M
2020: €1.20M
2021: €1.19M
2022: €1.15M
2023: €1.12M
2024: €1.17M
2019 → 2025
Net result
€73k
2024 · €-4k
2019: €-1k
2020: €7k
2021: €28k
2022: €-6k
2023: €13k
2024: €-4k
2019 → 2025
Working capital
€-301k▼ 2,444%
2024 · €-12k
2019: €-547k
2020: €262k
2021: €247k
2022: €198k
2023: €68k
2024: €-12k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€31k-€25k▼ 19.9%€38k▲ 50.4%€34k▼ 9.9%€107k▲ 214%
Operating result€10k-€8k▼ 21.4%€4k▼ 45.6%€9k▲ 128%€10k▲ 1.6%
Net result€28k-€-6k€13k€-4k€73k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 2% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €733k
Fixed assets
€439k▼ 4.6%
Current assets
€294k▼ 58.4%
Equity and liabilities €733k
Equity
€107k▲ 214%
Debt
€626k▼ 44.7%
The debt ratio falls from 97.1% to 85.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€31k▲
2024 · €31k
Cash flow
€94k▲
2024 · €17k
Solvency
14.6%▲
2024 · 2.9%
Current ratio
0.49▼
2024 · 0.98
Quick ratio
0.49▼
2024 · 0.98
Debt / equity
5.87▼
2024 · 33.27
ROE
68.1%▲
2024 · -11.0%
ROA
9.9%▲
2024 · -0.3%
Interest coverage
0.72▲
2024 · 0.72
Debt
€626k▼
2024 · €1.13M
Debt ≤ 1 year
€595k▼
2024 · €717k
Debt > 1 year
€0▼
2024 · €413k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.17M€733k▼
Fixed assets21/28€460k€439k▼
Tangible fixed assets22/27€458k€437k▼
Land and buildings22€458k€437k▼
Financial fixed assets28€3k€3k=
Current assets29/58€705k€294k▼
Amounts receivable within one year40/41€676k€255k▼
Other amounts receivable41€676k€255k▼
Cash at bank and in hand54/58€8k€35k▲
Deferred charges and accrued income490/1€21k€3k▼
Equity and liabilities
Total equity and liabilities10/49€1.17M€733k▼
Equity10/15€34k€107k▲
Contributions10/11€63k€63k=
Capital10€63k€63k=
Issued capital100€250k€250k=
Uncalled capital101€188k€188k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Profit (loss) carried forward14€-31k€42k▲
Amounts payable17/49€1.13M€626k▼
Amounts payable after more than one year17€413k€0▼
Financial debts170/4€413k€0▼
Amounts payable within one year42/48€717k€595k▼
Current portion of amounts payable after more than one year42€90k€0▼
Trade debts44€5k€8k▲
Suppliers440/4€5k€8k▲
Taxes, remuneration and social security45€33k€17k▼
Taxes450/3€33k€17k▼
Other amounts payable47/48€588k€570k▼
Accrued charges and deferred income492/3€1k€31k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€21k=
Other operating charges640/8€6k€6k▼
Gross operating margin9900€37k€37k▲
Operating profit (loss)9901€9k€10k▲
Financial income75/76B€29k€106k▲
Recurring financial income75€29k€30k▲
Non-recurring financial income76B-€76k
Financial charges65/66B€43k€42k▼
Recurring financial charges65€43k€42k▼
Profit (loss) for the period before taxes9903€-4k€73k▲
Profit (loss) for the period9904€-4k€73k▲
Profit (loss) for the period to be appropriated9905€-4k€73k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-31k€42k▲
Profit (loss) brought forward from the previous period14P€-27k€-31k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Back to profitnet €73k
Net result €73k after one loss-making year.
30-06
Financial
Equity above €100kEq €107k ▲214%
Equity rises from €34k to €107k.
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Weakest financial yearnet €-6k ▼122%
Net result drops to €-6k, the lowest in the series; recovery starts the following year.
01-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 1 day late
2021
15-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 43 days late
2020
30-06
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
30-06
Financial
Liquidity triplescurrent ratio 1.66
Current ratio from 0.55 to 1.66; short-term debt falls from €1.22M to €398k.
22-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
23-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
15-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
22-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Etterbeek · 1 establishment unit since 2004
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Sint-Michielslaan 1251040 EtterbeekGround area
492 m²
Building footprint
381 m²
Volume, LiDAR
3,905 m³
2 parcels, Brussels · tallest building 25.1 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
CHAMPEL
since 20042.136.579.507
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21362B0294/00W004 | Brussels | 282 m² | 1 · 180 m² | 25.1 m · 4 fl. |
| 21614H0011/00H003 | Brussels | 210 m² | 1 · 200 m² | 13.3 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
VOX VIER
BE 0655.663.976
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Bouwprojecten Spriet
BE 0441.865.286
Izegem · Eq €107k
IMMOMUS
BE 0644.439.492
Quaregnon · Eq €107k
A & L
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WOONWEB
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Schilde · Eq €106k
Of 7,321 companies in sector 68110 we hold annual accounts for 5,382. 3,729 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded16-01-2004
Fiscal year end30-06
Activities, NACEBEL
68110Buying and selling of own real estate
70120
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
70200Business and other management consultancy
70201
70203
70204
70220Business consulting
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.