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Chapter George

Active
Public limited companyfounded 2021active for 5 yearsHarpstraat 5/1, 8530 Harelbeke, BelgiumKBO/BCE: BE 0771.299.953

Financials · financial year 2025, full format

Annual accounts 2025 filed on 03-06-2026 PDF all 4 filings

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 for 2025 is 174% higher than in 2024. It is a recovery after the fall in 2024.

Turnover€0.2m 2025 Operating result€0.04m 2025 Net result-€0.002m 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and 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 sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only 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
2025 value · change against 2024
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
Customer credit
97 days▼
2024 · 6801 days
Supplier credit
150 days▲
2024 · 56 days
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Comparable companies

These companies have the same main activity as Chapter George: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €14m and €36m, founded between 2019 and 2022.

CompanyFoundedTotal assetsEquityTurnoverNet resultFinancial year
Chapter George Harelbeke2021€22.0m€14.6m€0.2m-€0.002m2025
valantic BE Mortsel2022€22.4m€4.7m€0.2m-€0.6m2025
NouVO Brussel2021€16.1m€14.3m€0.2m€0.4m2025
Flange International Westerlo2019€20.9m€12.5m€0.3m-€0.3m2025
MAESBOS INVEST Lokeren2020€14.0m€12.2m€0.3m€0.8m2025
ACADEMIE REAL ESTATE Oostende2022€14.0m€2.4m€0.4m€1.3m2025
Lamett Holding Deerlijk2021€35.7m€19.7m€0.4m€1.0m2025

They were chosen from the 54,697 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 61 lines

Source: Annual accounts 2025 (PDF), filed on 03-06-2026.

Balance sheet Code20242025
Assets
Total assets20/58€19.5m€22.0m▲
Fixed assets21/28€16.6m€17.3m▲
Financial fixed assets28€16.6m€17.3m▲
Affiliated companies280/1€10.6m€10.6m=
Participating interests280€10.6m€10.6m=
Companies linked by participating interests282/3€6.0m€6.7m▲
Participating interests282€6.0m€6.7m▲
Current assets29/58€2.9m€4.7m▲
Stocks and contracts in progress3€0.8m€0.6m▼
Stocks30/36€0.8m€0.6m▼
Property held for sale35€0.8m€0.6m▼
Amounts receivable within one year40/41€1.9m€4.0m▲
Trade receivables40-€0.07m
Other amounts receivable41€1.9m€3.9m▲
Cash at bank and in hand54/58€0.1m€0.003m▼
Deferred charges and accrued income490/1€0.08m€0.1m▲
Equity and liabilities
Total equity and liabilities10/49€19.5m€22.0m▲
Equity10/15€14.6m€14.6m=
Contributions10/11€11.0m€11.0m=
Capital10€11.0m€11.0m=
Issued capital100€11.0m€11.0m=
Reserves13€0.2m€0.2m=
Non-distributable reserves130/1€0.2m€0.2m=
Legal reserve130€0.2m€0.2m=
Profit (loss) carried forward14€3.4m€3.4m▼
Amounts payable17/49€4.9m€7.4m▲
Amounts payable after more than one year17€4.0m€4.9m▲
Financial debts170/4€4.0m€4.9m▲
Other loans174€4.0m€4.9m▲
Amounts payable within one year42/48€0.7m€2.4m▲
Current portion of amounts payable after more than one year42-€2.1m
Financial debts43€0.5m€0.2m▼
Credit institutions430/8€0.5m€0.2m▼
Trade debts44€0.01m€0.08m▲
Suppliers440/4€0.01m€0.08m▲
Other amounts payable47/48€0.1m€0.1m▼
Accrued charges and deferred income492/3€0.2m€0.08m▼
Income statement Code20242025
Operating income70/76A€0.1m€0.2m▲
Turnover70€0.1m€0.2m▲
Operating charges60/66A€0.09m€0.2m▲
Goods for resale, raw materials and consumables60€0.07m€0.2m▲
Change in stocks: decrease (increase)609€0.07m€0.2m▲
Services and other goods61€0.02m€0.02m▲
Other operating charges640/8€0.001m€0.001m▲
Operating profit (loss)9901€0.02m€0.04m▲
Financial income75/76B€1.4m€0.1m▼
Recurring financial income75€1.4m€0.1m▼
Income from financial fixed assets750€1.4m€0.01m▼
Income from current assets751€0.07m€0.1m▲
Other financial income752/9€0-
Financial charges65/66B€0.2m€0.2m▼
Recurring financial charges65€0.2m€0.2m▼
Debt charges650€0.2m€0.2m▼
Other financial charges652/9€0.003m€0.002m▼
Profit (loss) for the period before taxes9903€1.2m-€0.002m▼
Profit (loss) for the period9904€1.2m-€0.002m▼
Profit (loss) for the period to be appropriated9905€1.2m-€0.002m▼
Appropriation of the result
Profit (loss) to be appropriated9906€3.5m€3.4m▼
Profit (loss) brought forward from the previous period14P€2.3m€3.4m▲
Transfer to equity691/2€0.06m-
To the legal reserve6920€0.06m-

The notes to these accounts have 30 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Line2022202320242025Change
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-
Line2022202320242025Change
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%
Line2022202320242025Change
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%

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (4)
Financial year Type Filed Reference Document
31-12-2025 full format 03-06-2026 2026-00138126 PDF
31-12-2024 full format 21-07-2025 2025-00298262 PDF
31-12-2023 full format 15-07-2024 2024-00269632 PDF
31-12-2022 full format 23-08-2023 2023-00364600 PDF

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