Charo
ActiveSummary
Charo has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €154,153 and a net result of €8,661. Equity is growing by ~26.7% per year across the filed fiscal years. Its solvency ranks better than 32% of 8763 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▼-12
Solvency57▼-43
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity ample (current ratio 1.64 against 8.32 in 2024; short-term debt: 22.7% and cash: 25.1% of total assets), but 67.6% of the assets are financed with debt.
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Signals
Four 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
32.4%
Return on assets
1.8%
Age of the figures
15 mo
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 30-06-2025 was due by 31-01-2026 and was filed on 08-12-2025, 54 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
54 d early
2024
4 d early
2023
1 d early
2022
22 d early
2021
3 d early
2020
3 d early
2019
7 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 13 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 27 January (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
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How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, abbreviated schema
Equity
€154,153▼ 23.8%
2024 · €202,356
Total assets
€475,968▲ 109%
2024 · €227,306
Net result
€8,661▼ 65.4%
2024 · €25,022
Working capital
€69,212▼ 62.1%
2024 · €182,592
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€45,876▼ 41.6%€48,975▲ 6.8%€65,332▲ 33.4%€35,634▼ 45.5%€18,260▼ 48.8%
Net result€34,113within the sector's middle half▼ 40.0%€34,731within the sector's middle half▲ 1.8%€46,100within the sector's middle half▲ 32.7%€25,022within the sector's middle half▼ 45.7%€8,661within the sector's middle half▼ 65.4%
Equity€96,503below the sector's middle half▲ 54.7%€131,234within the sector's middle half▲ 36.0%€177,334within the sector's middle half▲ 35.1%€202,356within the sector's middle half▲ 14.1%€154,153within the sector's middle half▼ 23.8%
Total assets€155,378below the sector's middle half▲ 56.6%€149,491below the sector's middle half▼ 3.8%€195,639below the sector's middle half▲ 30.9%€227,306below the sector's middle half▲ 16.2%€475,968within the sector's middle half▲ 109%
Debt€58,875▲ 59.8%€18,257▼ 69.0%€18,305▲ 0.3%€24,950▲ 36.3%€321,815▲ 1,190%
Working capital€75,238within the sector's middle half▲ 28.3%€113,532within the sector's middle half▲ 50.9%€163,604within the sector's middle half▲ 44.1%€182,592within the sector's middle half▲ 11.6%€69,212within the sector's middle half▼ 62.1%
Solvency62.1%within the sector's middle half▼ 0.8pp87.8%above the sector's middle half▲ 25.7pp90.6%above the sector's middle half▲ 2.9pp89.0%above the sector's middle half▼ 1.6pp32.4%within the sector's middle half▼ 56.6pp
Current ratio2.28within the sector's middle half▼ 0.317.22above the sector's middle half▲ 4.949.94above the sector's middle half▲ 2.728.32above the sector's middle half▼ 1.621.64within the sector's middle half▼ 6.68
Return on assets (ROA)22.0%above the sector's middle half▼ 35.4pp23.2%above the sector's middle half▲ 1.3pp23.6%above the sector's middle half▲ 0.3pp11.0%within the sector's middle half▼ 12.6pp1.8%within the sector's middle half▼ 9.2pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 49% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €475,968
Fixed assets
€298,755 ▲ 1,412%
Current assets
€177,213 ▼ 14.6%
Equity and liabilities €475,968
Equity
€154,153 ▼ 23.8%
Debt
€321,815 ▲ 1,190%
Debt's share of the balance-sheet total rises from 11.0% to 67.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€59,802▲
2024 · €40,048
Cash flow
€50,203▲
2024 · €29,437
Debt to equity
2.09▲
2024 · 0.12
ROE
5.6%▼
2024 · 12.4%
Interest coverage
11.55▼
2024 · 271.11
Debt ≤ 1 year
€108,001▲
2024 · €24,950
Debt > 1 year
€213,814
Income taxes
€4,423▼
2024 · €10,464
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,639 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 95% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.4%
went bankrupt
3.6%
stopped otherwise
95%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,662 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% | 1.7% |
| 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 75% 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 1,639 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 | €3,756 | €4,323 | €3,973 | €4,414 | €41,542 | ▲ 841% |
| Other operating charges640/8 | - | €715 | €629 | €726 | €1,921 | ▲ 165% |
| Gross operating margin9900 | €50,174 | €54,013 | €69,933 | €40,774 | €61,724 | ▲ 51.4% |
| Operating profit (loss)9901 | €45,876 | €48,975 | €65,332 | €35,634 | €18,260 | ▼ 48.8% |
| Financial charges65/66B | - | €138 | €536 | €148 | €5,176 | ▲ 3,404% |
| Recurring financial charges65 | €58 | €138 | €536 | €148 | €5,176 | ▲ 3,404% |
| Profit (loss) for the period before taxes9903 | €45,818 | €48,837 | €64,796 | €35,486 | €13,084 | ▼ 63.1% |
| Income taxes67/77 | €11,705 | €14,106 | €18,696 | €10,464 | €4,423 | ▼ 57.7% |
| Profit (loss) for the period9904 | €34,113 | €34,731 | €46,100 | €25,022 | €8,661 | ▼ 65.4% |
| Profit (loss) for the period to be appropriated9905 | €34,113 | €34,731 | €46,100 | €25,022 | €8,661 | ▼ 65.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €155,378 | €149,491 | €195,639 | €227,306 | €475,968 | ▲ 109% |
| Fixed assets21/28 | €21,265 | €17,702 | €13,730 | €19,764 | €298,755 | ▲ 1,412% |
| Tangible fixed assets22/27 | €21,169 | €17,606 | €13,634 | €19,668 | €298,755 | ▲ 1,419% |
| Land and buildings22 | - | - | - | - | €284,148 | - |
| Plant, machinery and equipment23 | - | €6,683 | €5,147 | €13,617 | €10,928 | ▼ 19.7% |
| Furniture and vehicles24 | - | €5,073 | €3,374 | €1,674 | €39 | ▼ 97.7% |
| Other tangible fixed assets26 | - | €5,850 | €5,113 | €4,377 | €3,640 | ▼ 16.8% |
| Financial fixed assets28 | €96 | €96 | €96 | €96 | - | - |
| Current assets29/58 | €134,112 | €131,788 | €181,909 | €207,542 | €177,213 | ▼ 14.6% |
| Amounts receivable within one year40/41 | €26,466 | €38,517 | €33,514 | €87,311 | €52,357 | ▼ 40.0% |
| Trade receivables40 | - | €18,150 | €12,100 | €65,340 | €21,780 | ▼ 66.7% |
| Other amounts receivable41 | - | €20,367 | €21,414 | €21,971 | €30,577 | ▲ 39.2% |
| Cash at bank and in hand54/58 | €106,106 | €91,699 | €146,785 | €119,252 | €119,601 | ▲ 0.3% |
| Deferred charges and accrued income490/1 | - | €1,573 | €1,610 | €979 | €5,255 | ▲ 437% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €155,378 | €149,491 | €195,639 | €227,306 | €475,968 | ▲ 109% |
| Equity10/15 | €96,503 | €131,234 | €177,334 | €202,356 | €154,153 | ▼ 23.8% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €90,977 | €125,708 | €171,808 | €196,156 | €147,953 | ▼ 24.6% |
| Distributable reserves133 | - | €125,708 | €171,808 | €196,156 | €147,953 | ▼ 24.6% |
| Profit (loss) carried forward14 | -€674 | -€674 | -€674 | - | - | - |
| Amounts payable17/49 | €58,875 | €18,257 | €18,305 | €24,950 | €321,815 | ▲ 1,190% |
| Amounts payable after more than one year17 | - | - | - | - | €213,814 | - |
| Financial debts170/4 | - | - | - | - | €213,814 | - |
| Amounts payable within one year42/48 | €58,875 | €18,257 | €18,305 | €24,950 | €108,001 | ▲ 333% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €24,343 | - |
| Trade debts44 | €40,000 | €250 | €1,163 | €3,093 | €1,603 | ▼ 48.2% |
| Suppliers440/4 | - | €250 | €1,163 | €3,093 | €1,603 | ▼ 48.2% |
| Taxes, remuneration and social security45 | - | €16,366 | €15,913 | €20,464 | €27,746 | ▲ 35.6% |
| Taxes450/3 | - | €12,399 | €12,188 | €16,819 | €17,314 | ▲ 2.9% |
| Remuneration and social security454/9 | - | €3,967 | €3,725 | €3,645 | €10,433 | ▲ 186% |
| Other amounts payable47/48 | - | €1,641 | €1,229 | €1,393 | €54,309 | ▲ 3,799% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €34,113 | €34,731 | €46,100 | €25,022 | €8,661 | ▼ 65.4% |
| + Depreciation and write-downs630 | €3,756 | €4,323 | €3,973 | €4,414 | €41,542 | ▲ 841% |
| Operating cash flow (approximation) | €37,869 | €39,054 | €50,072 | €29,437 | €50,203 | ▲ 70.5% |
| Investment in fixed assets (approximation) | - | -€760 | €0 | -€10,449 | -€320,533 | ▼ 2,968% |
| Change in cash | - | -€14,407 | €55,086 | -€27,532 | €348 | ▲ 101% |
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
2025
08-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
27-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Equity above €200,000Eq €202,356 ▲14.1%
5 profitable years in a row build equity to €202,356.
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Equity above €150,000Eq €177,334 ▲35.1%
4 profitable years in a row build equity to €177,334.
09-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Liquidity triplescurrent ratio 7.22
Current ratio from 2.28 to 7.22; short-term debt falls from €58,875 to €18,257.
30-06
Financial
Equity above €100,000Eq €131,234 ▲36%
3 profitable years in a row build equity to €131,234.
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Back to profitnet €56,864
Net result €56,864 after one loss-making year.
30-06
Financial
Liquidity doublescurrent ratio 2.59
Current ratio from 1.14 to 2.59.
24-01
NBB filing
Annual accounts filed
fiscal year 2019 · 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, Puurs-Sint-Amands · 1 establishment unit since 2018
Ground area
869 m²
Building footprint
150 m²
Volume, LiDAR
886 m³
Parcel 12034A1146/00D000, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Charo BVBA
since 20182.274.595.956
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12034A1146/00D000 | Flanders | 869 m² | 1 · 150 m² | 8.8 m · 2 fl. |
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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SUPPLUS
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Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 40,797 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
Founded21-03-2018
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0692753808
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.