ChasingWatt
ActiveSummary
ChasingWatt has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €56,452 and a net result of €7,526. Equity is growing by ~24.8% per year across the filed fiscal years. Its solvency ranks better than 60% of 9511 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▼-19
Solvency89▲+6
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity ample (current ratio 2.23 against 2.17 in 2024; short-term debt: 35.9% and cash: 58.8% of total assets), and 36% of the assets are financed with debt.
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Signals
Five 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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
64%
Return on assets
8.5%
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 12-05-2026, 80 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
80 d early
2024
105 d early
2023
105 d early
2022
49 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 85 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed 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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€56,452=
2024 · €56,452
Total assets
€88,164▼ 9.2%
2024 · €97,112
Net result
€7,526▼ 66.8%
2024 · €22,660
Working capital
€38,897▲ 1.6%
2024 · €38,286
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
Line2022202320242025
Operating result€29,597-€21,474▼ 27.4%€29,730▲ 38.4%€10,286▼ 65.4%
Net result€21,168-€16,016▼ 24.3%€22,660▲ 41.5%€7,526▼ 66.8%
Equity€26,168-€40,042▲ 53.0%€56,452▲ 41.0%€56,452=
Total assets€70,268-€87,280▲ 24.2%€97,112▲ 11.3%€88,164▼ 9.2%
Debt€44,099-€47,238▲ 7.1%€40,660▼ 13.9%€31,712▼ 22.0%
Working capital€6,475-€16,294▲ 152%€38,286▲ 135%€38,897▲ 1.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 65% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €88,164
Fixed assets
€17,575 ▼ 32.8%
Current assets
€70,589 ▼ 0.5%
Equity and liabilities €88,164
Equity
€56,452 =
Debt
€31,712 ▼ 22.0%
Debt's share of the balance-sheet total falls from 41.9% to 36.0%. Debt is lower.
Key figures and ratios
EBITDA
€22,134▼
2024 · €41,526
Cash flow
€19,375▼
2024 · €34,456
Current ratio
2.23▲
2024 · 2.17
Debt to equity
0.56▼
2024 · 0.72
ROE
13.3%▼
2024 · 40.1%
ROA
8.5%▼
2024 · 23.3%
Interest coverage
49.37▼
2024 · 61.93
Debt ≤ 1 year
€31,692▼
2024 · €32,656
Income taxes
€2,311▼
2024 · €6,400
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 39,275 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.4% 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 497,058 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% | 1.6% |
| 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 74% 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 39,275 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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,068 | €10,391 | €11,796 | €11,849 | ▲ 0.5% |
| Other operating charges640/8 | €1,788 | €414 | €1,744 | €293 | ▼ 83.2% |
| Gross operating margin9900 | €38,454 | €32,278 | €43,269 | €22,428 | ▼ 48.2% |
| Operating profit (loss)9901 | €29,597 | €21,474 | €29,730 | €10,286 | ▼ 65.4% |
| Financial income75/76B | - | €2 | - | €0 | - |
| Recurring financial income75 | - | €2 | - | €0 | - |
| Financial charges65/66B | €845 | €1,079 | €671 | €448 | ▼ 33.1% |
| Recurring financial charges65 | €845 | €1,079 | €671 | €448 | ▼ 33.1% |
| Profit (loss) for the period before taxes9903 | €28,752 | €20,397 | €29,060 | €9,837 | ▼ 66.1% |
| Income taxes67/77 | €7,584 | €4,381 | €6,400 | €2,311 | ▼ 63.9% |
| Profit (loss) for the period9904 | €21,168 | €16,016 | €22,660 | €7,526 | ▼ 66.8% |
| Profit (loss) for the period to be appropriated9905 | €21,168 | €16,016 | €22,660 | €7,526 | ▼ 66.8% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €70,268 | €87,280 | €97,112 | €88,164 | ▼ 9.2% |
| Fixed assets21/28 | €39,929 | €37,965 | €26,170 | €17,575 | ▼ 32.8% |
| Tangible fixed assets22/27 | €39,929 | €37,965 | €26,170 | €17,575 | ▼ 32.8% |
| Plant, machinery and equipment23 | €3,203 | €2,489 | €1,775 | €1,061 | ▼ 40.2% |
| Furniture and vehicles24 | €2,864 | €7,682 | €4,850 | €5,218 | ▲ 7.6% |
| Leasing and similar rights25 | €33,862 | €25,826 | €17,790 | €9,754 | ▼ 45.2% |
| Other tangible fixed assets26 | - | €1,968 | €1,755 | €1,542 | ▼ 12.1% |
| Current assets29/58 | €30,338 | €49,314 | €70,942 | €70,589 | ▼ 0.5% |
| Amounts receivable within one year40/41 | €11,384 | €13,753 | €5,087 | €16,970 | ▲ 234% |
| Trade receivables40 | €11,384 | €13,726 | €5,087 | €11,782 | ▲ 132% |
| Other amounts receivable41 | - | €27 | - | €5,189 | - |
| Cash at bank and in hand54/58 | €17,488 | €34,562 | €64,563 | €51,830 | ▼ 19.7% |
| Deferred charges and accrued income490/1 | €1,466 | €999 | €1,292 | €1,788 | ▲ 38.4% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €70,268 | €87,280 | €97,112 | €88,164 | ▼ 9.2% |
| Equity10/15 | €26,168 | €40,042 | €56,452 | €56,452 | = |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Reserves13 | €16,168 | €16,168 | €16,168 | €16,168 | = |
| Distributable reserves133 | €16,168 | €16,168 | €16,168 | €16,168 | = |
| Profit (loss) carried forward14 | €0 | €13,873 | €30,284 | €30,284 | = |
| Amounts payable17/49 | €44,099 | €47,238 | €40,660 | €31,712 | ▼ 22.0% |
| Amounts payable after more than one year17 | €20,236 | €14,218 | €8,004 | - | - |
| Financial debts170/4 | €20,236 | €14,218 | €8,004 | - | - |
| Amounts payable within one year42/48 | €23,863 | €33,020 | €32,656 | €31,692 | ▼ 3.0% |
| Current portion of amounts payable after more than one year42 | €5,829 | €6,018 | €6,214 | €8,004 | ▲ 28.8% |
| Financial debts43 | - | €140 | €45 | €37 | ▼ 17.3% |
| Credit institutions430/8 | - | €140 | €45 | €37 | ▼ 17.3% |
| Trade debts44 | €1,693 | €2,091 | €2,547 | €3,755 | ▲ 47.4% |
| Suppliers440/4 | €1,693 | €2,091 | €2,547 | €3,755 | ▲ 47.4% |
| Taxes, remuneration and social security45 | €11,212 | €19,768 | €16,988 | €11,432 | ▼ 32.7% |
| Taxes450/3 | €11,212 | €19,768 | €16,988 | €11,432 | ▼ 32.7% |
| Other amounts payable47/48 | €5,129 | €5,003 | €6,862 | €8,464 | ▲ 23.3% |
| Accrued charges and deferred income492/3 | - | - | - | €20 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,168 | €16,016 | €22,660 | €7,526 | ▼ 66.8% |
| + Depreciation and write-downs630 | €7,068 | €10,391 | €11,796 | €11,849 | ▲ 0.5% |
| Operating cash flow (approximation) | €28,237 | €26,407 | €34,456 | €19,375 | ▼ 43.8% |
| Investment in fixed assets (approximation) | - | -€8,427 | €0 | -€3,254 | - |
| Change in cash | - | €17,074 | €30,001 | -€12,733 | ▼ 142% |
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
12-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €7,526 ▼66.8%
Net result drops to €7,526, the lowest in the series.
17-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2022net €22,660 ▲41.5%
Operating result €29,730, net result €22,660, both a record.
17-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro 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, Gembloux · 1 establishment unit since 2021
Ground area
1.2 ha
Parcel 92056E0521/00F002, Wallonia. Linked by address, not a title deed.
1 establishment unit
ChasingWatt
since 20212.323.489.104
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92056E0521/00F002 | Wallonia | 1.2 ha | - | - |
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.
Similar companies · same sector, comparable size
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BGL CONSULTING
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Of 11,577 companies in sector 71121 we hold annual accounts for 6,563. 4,975 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
Founded11-10-2021
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
43211General electrical installation work
43212Electrical installation work in industrial facilities
74999Other professional, scientific and technical activities
85599Other education
E-invoicing
Reachable via Peppol
Peppol ID
0208:0775557758
Registered
16-11-2021
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.