CHARON
ActiveSummary
CHARON has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €158,397 and a net result of €33,308. Equity is growing by ~2.8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84▲+8
Solvency82▼-18
Growth52▲+17
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity ample (current ratio 2.09 against 3.39 in 2024; short-term debt: 42.5% and cash: 52.2% of total assets), and 42.5% 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 · 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
57.5%
Return on assets
12.1%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-06-2026, 59 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
59 d early
2024
59 d early
2023
56 d early
2022
45 d early
2021
51 d early
2020
38 d early
2019
42 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 50 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€212,619▼ 18.1%
2018 · €259,598
EBIT margin
5.2%▼ 10.0pp
2018 · 15.2%
Net result
€33,308▲ 261%
2024 · €9,219
Working capital
€127,497▲ 28.8%
2024 · €98,989
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
Line20212022202320242025
Turnover
Operating result-€42,824€23,666€34,076▲ 44.0%€15,117▼ 55.6%€51,840▲ 243%
Net result-€46,308€21,316€28,996▲ 36.0%€9,219▼ 68.2%€33,308▲ 261%
EBIT margin
Equity€85,559▼ 35.1%€106,874▲ 24.9%€135,870▲ 27.1%€125,090▼ 7.9%€158,397▲ 26.6%
Total assets€182,430▼ 7.8%€196,045▲ 7.5%€193,036▼ 1.5%€166,465▼ 13.8%€275,538▲ 65.5%
Debt€96,871▲ 46.6%€89,171▼ 7.9%€57,165▼ 35.9%€41,376▼ 27.6%€117,140▲ 183%
Working capital€124,664▼ 14.6%€124,291▼ 0.3%€116,631▼ 6.2%€98,989▼ 15.1%€127,497▲ 28.8%
Staff (FTE)1=1=1=1=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 243% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €275,538
Fixed assets
€30,901 ▲ 18.4%
Current assets
€244,637 ▲ 74.3%
Equity and liabilities €275,538
Equity
€158,397 ▲ 26.6%
Debt
€117,140 ▲ 183%
Debt's share of the balance-sheet total rises from 24.9% to 42.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€60,649▲
2024 · €25,009
Cash flow
€42,117▲
2024 · €19,112
Current ratio
2.09▼
2024 · 3.39
Debt to equity
0.74▲
2024 · 0.33
ROE
21.0%▲
2024 · 7.4%
ROA
12.1%▲
2024 · 5.5%
Interest coverage
63.79▲
2024 · 17.01
Debt ≤ 1 year
€117,140▲
2024 · €41,376
Income taxes
€17,581▲
2024 · €4,427
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 31,349 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €77,727 | €77,355 | €55,497 | €80,151 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,769 | €8,674 | €6,811 | €9,892 | €8,809 | ▼ 10.9% |
| Other operating charges640/8 | €1,033 | €2,730 | €3,413 | €1,536 | €2,676 | ▲ 74.2% |
| Non-recurring operating charges66A | €33,353 | - | - | - | - | - |
| Gross operating margin9900 | €77,058 | €112,425 | €99,797 | €106,696 | €63,325 | ▼ 40.6% |
| Operating profit (loss)9901 | -€42,824 | €23,666 | €34,076 | €15,117 | €51,840 | ▲ 243% |
| Financial charges65/66B | €3,484 | €1,994 | €1,815 | €1,471 | €951 | ▼ 35.4% |
| Recurring financial charges65 | €3,484 | €1,994 | €1,815 | €1,471 | €951 | ▼ 35.4% |
| Profit (loss) for the period before taxes9903 | -€46,308 | €21,672 | €32,261 | €13,646 | €50,889 | ▲ 273% |
| Income taxes67/77 | - | €356 | €3,266 | €4,427 | €17,581 | ▲ 297% |
| Profit (loss) for the period9904 | -€46,308 | €21,316 | €28,996 | €9,219 | €33,308 | ▲ 261% |
| Profit (loss) for the period to be appropriated9905 | -€46,308 | €21,316 | €28,996 | €9,219 | €33,308 | ▲ 261% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €182,430 | €196,045 | €193,036 | €166,465 | €275,538 | ▲ 65.5% |
| Fixed assets21/28 | €21,536 | €18,150 | €29,762 | €26,101 | €30,901 | ▲ 18.4% |
| Tangible fixed assets22/27 | €21,536 | €18,150 | €29,762 | €26,101 | €30,901 | ▲ 18.4% |
| Land and buildings22 | - | €5,053 | €4,524 | €3,995 | €3,467 | ▼ 13.2% |
| Plant, machinery and equipment23 | €16,455 | €11,876 | €7,297 | €8,094 | €8,080 | ▼ 0.2% |
| Other tangible fixed assets26 | €5,081 | €1,221 | €17,940 | €14,011 | €19,354 | ▲ 38.1% |
| Current assets29/58 | €160,894 | €177,895 | €163,274 | €140,364 | €244,637 | ▲ 74.3% |
| Amounts receivable within one year40/41 | €56,011 | €55,702 | €52,746 | €53,824 | €50,011 | ▼ 7.1% |
| Other amounts receivable41 | €56,011 | €55,702 | €52,746 | €53,824 | €50,011 | ▼ 7.1% |
| Current investments50/53 | - | - | - | €50,000 | €50,000 | = |
| Cash at bank and in hand54/58 | €104,263 | €120,462 | €57,683 | €36,253 | €143,790 | ▲ 297% |
| Deferred charges and accrued income490/1 | €620 | €1,732 | €52,845 | €287 | €836 | ▲ 191% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €182,430 | €196,045 | €193,036 | €166,465 | €275,538 | ▲ 65.5% |
| Equity10/15 | €85,559 | €106,874 | €135,870 | €125,090 | €158,397 | ▲ 26.6% |
| Contributions10/11 | €14,383 | €14,383 | €14,383 | €14,383 | €14,383 | = |
| Capital10 | €14,383 | €14,383 | €14,383 | €14,383 | €14,383 | = |
| Issued capital100 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Uncalled capital101 | €4,209 | €4,209 | €4,209 | €4,209 | €4,209 | = |
| Reserves13 | €25,695 | €25,695 | €53,195 | €42,195 | €74,695 | ▲ 77.0% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €23,835 | €23,835 | €51,335 | €40,335 | €72,835 | ▲ 80.6% |
| Profit (loss) carried forward14 | €45,480 | €66,796 | €68,292 | €68,511 | €69,319 | ▲ 1.2% |
| Amounts payable17/49 | €96,871 | €89,171 | €57,165 | €41,376 | €117,140 | ▲ 183% |
| Amounts payable after more than one year17 | €60,642 | €35,566 | €10,523 | - | - | - |
| Financial debts170/4 | €60,642 | €35,566 | €10,523 | - | - | - |
| Amounts payable within one year42/48 | €36,230 | €53,605 | €46,643 | €41,376 | €117,140 | ▲ 183% |
| Financial debts43 | €26,837 | €27,101 | €25,351 | €10,523 | - | - |
| Credit institutions430/8 | €26,837 | €27,101 | €25,351 | €10,523 | - | - |
| Trade debts44 | €6,694 | €2,990 | €4,963 | €9,909 | €4,409 | ▼ 55.5% |
| Suppliers440/4 | €6,694 | €2,990 | €4,963 | €9,909 | €4,409 | ▼ 55.5% |
| Taxes, remuneration and social security45 | €2,200 | €5,000 | - | - | €13,231 | - |
| Taxes450/3 | - | - | - | - | €12,581 | - |
| Remuneration and social security454/9 | €2,200 | €5,000 | - | - | €650 | - |
| Other amounts payable47/48 | €498 | €18,513 | €16,329 | €20,944 | €99,500 | ▲ 375% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€46,308 | €21,316 | €28,996 | €9,219 | €33,308 | ▲ 261% |
| + Depreciation and write-downs630 | €7,769 | €8,674 | €6,811 | €9,892 | €8,809 | ▼ 10.9% |
| Operating cash flow (approximation) | -€38,539 | €29,990 | €35,807 | €19,112 | €42,117 | ▲ 120% |
| Investment in fixed assets (approximation) | - | -€5,287 | -€18,423 | -€6,232 | -€13,609 | ▼ 118% |
| Change in cash | - | €16,199 | -€62,779 | -€21,430 | €107,538 | ▲ 602% |
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
2026
02-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €33,308 ▲261%
Operating result €51,840, net result €33,308, both a record.
31-12
Financial
Equity above €150,000Eq €158,397 ▲26.6%
4 profitable years in a row build equity to €158,397.
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €21,316
Net result €21,316 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €106,874 ▲24.9%
Equity rises from €85,559 to €106,874.
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€46,308
Net result drops to -€46,308, the lowest in the series; recovery starts the following year.
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Heusden-Zolder · 1 establishment unit since 1991
Ground area
646 m²
Building footprint
224 m²
Volume, LiDAR
1,124 m³
Parcel 71462D0401/00Y000, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Sint-Jobstraat 94, 3550 Heusden-Zolder
since 19912.052.434.975
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71462D0401/00Y000 | Flanders | 646 m² | 1 · 224 m² | 8.4 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.
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded24-08-1990
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0441821835
Also
9925:BE0441821835
Registered
03-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.