Chapter George
ActiveSummary
Chapter George has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €14.6m and a net result of -€1,882. Equity is growing by about 4.7% per year across the filed financial years. Its solvency ranks better than 61% of 3,854 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Financials · financial year 2025, full format
In the rankings
#8 company by total assets in Harelbeke, Professional and technical services sector#8 company by equity in Harelbeke, Professional and technical services sector
Turnover
€249,774▲ 143%
2024 · €102,806
EBIT margin
17.5%▲ 2.0pp
2024 · 15.5%
Net result
-€1,882
2024 · €1.2m
Working capital
€2.3m▲ 1.4%
2024 · €2.2m
Trend over the years
2022 to 2025, 4 financial years
The operating result recovers in 2025; 2025 is 174% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€0.2m
2025
Operating result€0.04m
2025
Net result-€0.002m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€22.0m
2025
Equity€14.6m
2025
Debt€7.4m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€2.3m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin17.5%
2025
Return on assets (ROA)0.0%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency66.4%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.94
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line2022202320242025
Turnover€0.1m-€0.5m▲ 214%€0.1m▼ 77.9%€0.2m▲ 143%
Operating result-€0.03m-€0.08m€0.02m▼ 80.3%€0.04m▲ 174%
Net result€1.7mabove the sector's middle half-€0.7mabove the sector's middle half▼ 59.6%€1.2mabove the sector's middle half▲ 75.9%-€0.002mwithin the sector's middle half
EBIT margin-19.0%-17.3%▲ 36.3pp15.5%▼ 1.8pp17.5%▲ 2.0pp
Equity€12.7mabove the sector's middle half-€13.4mabove the sector's middle half▲ 5.4%€14.6mabove the sector's middle half▲ 9.0%€14.6mabove the sector's middle half=
Total assets€17.8mabove the sector's middle half-€19.0mabove the sector's middle half▲ 6.5%€19.5mabove the sector's middle half▲ 3.0%€22.0mabove the sector's middle half▲ 12.6%
Debt€5.1m-€5.6m▲ 9.3%€4.9m▼ 11.6%€7.4m▲ 50.1%
Working capital€0.8mabove the sector's middle half-€1.2mabove the sector's middle half▲ 36.6%€2.2mabove the sector's middle half▲ 94.9%€2.3mabove the sector's middle half▲ 1.4%
Solvency71.4%within the sector's middle half-70.6%within the sector's middle half▼ 0.7pp74.8%within the sector's middle half▲ 4.2pp66.4%within the sector's middle half▼ 8.4pp
Current ratio1.77within the sector's middle half-1.92within the sector's middle half▲ 0.144.32above the sector's middle half▲ 2.411.94within the sector's middle half▼ 2.39
Return on assets (ROA)9.6%within the sector's middle half-3.6%within the sector's middle half▼ 5.9pp6.2%within the sector's middle half▲ 2.6pp0.0%within the sector's middle half▼ 6.2pp
above
within
below
the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €22.0m
Fixed assets
€17.3m ▲ 4.1%
Current assets
€4.7m ▲ 61.1%
Equity and liabilities €22.0m
Equity
€14.6m =
Debt
€7.4m ▲ 50.1%
Debt's share of the balance-sheet total rises from 25.2% to 33.6%. Debt is higher.
Key figures and ratios
Quick ratio
1.69▼
2024 · 3.15
Debt to equity
0.51▲
2024 · 0.34
ROE
0.0%▼
2024 · 8.3%
Debt ≤ 1 year
€2.4m▲
2024 · €675,012
Debt > 1 year
€4.9m▲
2024 · €4.0m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Operating income70/76A | €0.2m | €0.5m | €0.1m | €0.2m | ▲ 143% |
| Turnover70 | €0.1m | €0.5m | €0.1m | €0.2m | ▲ 143% |
| Other operating income74 | €0.02m | - | - | - | - |
| Operating charges60/66A | €0.2m | €0.4m | €0.09m | €0.2m | ▲ 137% |
| Goods for resale, raw materials and consumables60 | €0.2m | €0.4m | €0.07m | €0.2m | ▲ 173% |
| Purchases600/8 | €1.4m | - | - | - | - |
| Change in stocks: decrease (increase)609 | -€1.2m | €0.4m | €0.07m | €0.2m | ▲ 173% |
| Services and other goods61 | €0.04m | €0.02m | €0.02m | €0.02m | ▲ 1.8% |
| Other operating charges640/8 | €0.001m | €499 | €0.001m | €0.001m | ▲ 3.0% |
| Operating profit (loss)9901 | -€0.03m | €0.08m | €0.02m | €0.04m | ▲ 174% |
| Financial income75/76B | €2.0m | €0.9m | €1.4m | €0.1m | ▼ 91.0% |
| Recurring financial income75 | €2.0m | €0.9m | €1.4m | €0.1m | ▼ 91.0% |
| Income from financial fixed assets750 | €2.0m | €0.9m | €1.4m | €0.01m | ▼ 99.3% |
| Income from current assets751 | €0.03m | €0.04m | €0.07m | €0.1m | ▲ 80.3% |
| Other financial income752/9 | €111 | - | €0 | - | - |
| Financial charges65/66B | €0.3m | €0.3m | €0.2m | €0.2m | ▼ 26.1% |
| Recurring financial charges65 | €0.3m | €0.3m | €0.2m | €0.2m | ▼ 26.1% |
| Debt charges650 | €0.3m | €0.3m | €0.2m | €0.2m | ▼ 26.2% |
| Other financial charges652/9 | €0.002m | €0.002m | €0.003m | €0.002m | ▼ 20.1% |
| Non-recurring financial charges66B | - | €0.03m | - | - | - |
| Profit (loss) for the period before taxes9903 | €1.7m | €0.7m | €1.2m | -€0.002m | - |
| Profit (loss) for the period9904 | €1.7m | €0.7m | €1.2m | -€0.002m | - |
| Profit (loss) for the period to be appropriated9905 | €1.7m | €0.7m | €1.2m | -€0.002m | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €17.8m | €19.0m | €19.5m | €22.0m | ▲ 12.6% |
| Fixed assets21/28 | €15.9m | €16.6m | €16.6m | €17.3m | ▲ 4.1% |
| Financial fixed assets28 | €15.9m | €16.6m | €16.6m | €17.3m | ▲ 4.1% |
| Affiliated companies280/1 | €10.2m | €10.6m | €10.6m | €10.6m | = |
| Participating interests280 | €10.2m | €10.6m | €10.6m | €10.6m | = |
| Companies linked by participating interests282/3 | €5.7m | €6.0m | €6.0m | €6.7m | ▲ 11.4% |
| Participating interests282 | €5.7m | €6.0m | €6.0m | €6.7m | ▲ 11.4% |
| Current assets29/58 | €1.9m | €2.4m | €2.9m | €4.7m | ▲ 61.1% |
| Stocks and contracts in progress3 | €1.2m | €0.9m | €0.8m | €0.6m | ▼ 23.7% |
| Stocks30/36 | €1.2m | €0.9m | €0.8m | €0.6m | ▼ 23.7% |
| Property held for sale35 | €1.2m | €0.9m | €0.8m | €0.6m | ▼ 23.7% |
| Amounts receivable within one year40/41 | €0.6m | €1.3m | €1.9m | €4.0m | ▲ 108% |
| Trade receivables40 | €0.007m | €0.008m | - | €0.07m | - |
| Other amounts receivable41 | €0.6m | €1.3m | €1.9m | €3.9m | ▲ 104% |
| Cash at bank and in hand54/58 | €0.06m | €0.2m | €0.1m | €0.003m | ▼ 98.1% |
| Deferred charges and accrued income490/1 | - | €0.004m | €0.08m | €0.1m | ▲ 48.5% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €17.8m | €19.0m | €19.5m | €22.0m | ▲ 12.6% |
| Equity10/15 | €12.7m | €13.4m | €14.6m | €14.6m | = |
| Contributions10/11 | €11.0m | €11.0m | €11.0m | €11.0m | = |
| Capital10 | €11.0m | €11.0m | €11.0m | €11.0m | = |
| Issued capital100 | €11.0m | €11.0m | €11.0m | €11.0m | = |
| Reserves13 | - | €0.1m | €0.2m | €0.2m | = |
| Non-distributable reserves130/1 | - | €0.1m | €0.2m | €0.2m | = |
| Legal reserve130 | - | €0.1m | €0.2m | €0.2m | = |
| Profit (loss) carried forward14 | €1.7m | €2.3m | €3.4m | €3.4m | ▼ 0.1% |
| Amounts payable17/49 | €5.1m | €5.6m | €4.9m | €7.4m | ▲ 50.1% |
| Amounts payable after more than one year17 | €3.7m | €4.0m | €4.0m | €4.9m | ▲ 20.8% |
| Financial debts170/4 | €3.7m | €4.0m | €4.0m | €4.9m | ▲ 20.8% |
| Other loans174 | €3.7m | €4.0m | €4.0m | €4.9m | ▲ 20.8% |
| Amounts payable within one year42/48 | €1.1m | €1.3m | €0.7m | €2.4m | ▲ 260% |
| Current portion of amounts payable after more than one year42 | - | - | - | €2.1m | - |
| Financial debts43 | €0.7m | €0.5m | €0.5m | €0.2m | ▼ 60.8% |
| Credit institutions430/8 | €0.7m | €0.5m | €0.5m | €0.2m | ▼ 60.8% |
| Trade debts44 | €0.004m | €0.01m | €0.01m | €0.08m | ▲ 638% |
| Suppliers440/4 | €0.004m | €0.01m | €0.01m | €0.08m | ▲ 638% |
| Advances received on contracts in progress46 | €0.04m | - | - | - | - |
| Other amounts payable47/48 | €0.4m | €0.7m | €0.1m | €0.1m | ▼ 32.6% |
| Accrued charges and deferred income492/3 | €0.3m | €0.3m | €0.2m | €0.08m | ▼ 60.2% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.7m | €0.7m | €1.2m | -€0.002m | - |
| Operating cash flow (approximation) | €1.7m | €0.7m | €1.2m | -€0.002m | - |
| Investment in fixed assets (approximation) | - | -€0.7m | -€0.05m | -€0.7m | ▼ 1,167% |
| Change in cash | - | €0.2m | -€0.1m | -€0.1m | ▼ 33.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (4)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 03-06-2026 | 2026-00138126 |
| 31-12-2024 | full format | 21-07-2025 | 2025-00298262 |
| 31-12-2023 | full format | 15-07-2024 | 2024-00269632 |
| 31-12-2022 | full format | 23-08-2023 | 2023-00364600 |
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Of the 82,511 active companies whose main activity is business and other management consultancy (NACE 70200), figures are known for 54,625. 5,216 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.