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ChasingWatt

Active
Rue du Petit-Leez, Gd-L. 138 ·5031 Gembloux, Belgium
KBO/BCE: BE 0775.557.758
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Age4 yrs

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of ChasingWatt is 0.6% (low). The 2025 annual accounts show equity of €56k and a net result of €8k. Equity is growing by ~24.8% per year across the filed fiscal years. Its solvency ranks better than 59% of 1162 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.

Signals

2 signals · with evidence
Consistently profitable
Positive net result in the two most recent financial years (2024 and 2025).
View the result trend
Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide
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. This speaks to administrative punctuality and says nothing about the financial position.
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.
How we compute the deadline
The year end is derived from 4 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2025, that is 31-07-2026.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 12-05-2026 80 d early 2026-00109410
31-12-2024 31-07-2025 17-04-2025 105 d early 2025-00073978
31-12-2023 31-07-2024 17-04-2024 105 d early 2024-00064722
31-12-2022 31-07-2023 12-06-2023 49 d early 2023-00118458

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
More than 3 years active
Founded in 2021, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
0.6% Low
0%0,5%1,5%4%10%≥25%
Young company +Lower-failure-rate sector Annual accounts: healthy financial profile

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€8k-66.8%
Working capital€39k+1.6%

Annual accounts & ratios

Source: NBB · 2025
Annual accounts filed on 12-05-2026 with the NBB · fiscal year 2025 · micro
€0€10k€20k€30kOperating result 2022: €30k€30kNet result 2022: €21k€21kOperating result 2023: €21k€21kNet result 2023: €16k€16kOperating result 2024: €30k€30kNet result 2024: €23k€23kOperating result 2025: €10k€10kNet result 2025: €8k€8k2022202320242025
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining At this pace, net result would indicatively turn negative around fiscal year 2027, assuming unchanged policy.
€-10k€0€10k€20k2026: €3k (€3k - €4k)2027: €-1k (€-2k - €49)2028: €-5k (€-7k - €-4k)2022: €21k2023: €16k2024: €23k2025: €8k2022202320242025202620272028
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2025 · NACE 71, Architecture & engineering · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 64.0% 55.1%
better than 59% of 1162 sector peers
Net result €8k €24k
better than 27% of 1161 sector peers
Equity €56k €51k
better than 53% of 1162 sector peers
Gross operating margin €22k €43k
better than 30% of 1161 sector peers
Total assets €88k €106k
better than 41% of 1162 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
Solvency P59
2022: P37 · n=19142023: P43 · n=27852024: P54 · n=33802025: P59 · n=11622022 2025
Improving position over 2022-2025 · n=1162-3380
Net result P27
2022: P58 · n=19152023: P49 · n=27832024: P55 · n=33802025: P27 · n=11612022 2025
Weakening position over 2022-2025 · n=1161-3380
Equity P53
2022: P44 · n=19142023: P53 · n=27852024: P58 · n=33822025: P53 · n=11622022 2025
Improving position over 2022-2025 · n=1162-3382
Gross operating margin P30
2022: P56 · n=19122023: P48 · n=27812024: P54 · n=33772025: P30 · n=11612022 2025
Weakening position over 2022-2025 · n=1161-3377
Describes the position versus peers, not a forecast.
EBITDA
€22k
-46.7% 22-25
Net profit
€8k
-66.8% 22-25
Cash flow
€19k
-43.8% 22-25
Total assets
€88k
-9.2% 22-25
Equity
€56k
0.0% 22-25
Working capital
€39k
+1.6% 22-25
Income taxes
€2k
-63.9% 22-25
Dividends
€8k
+20.4% 22-25
Debt
€32k
-22.0% 22-25
Debt ≤ 1y
€32k
-3.0% 22-25
Debt > 1y
€8k
-43.7% 22-25
Current ratio
2.23
+2.5% 22-25
Quick ratio
2.23
+2.5% 22-25
Solvency
64.0%
+10.1% 22-25
Debt / equity
0.56
-22.0% 22-25
ROE
13.3%
-66.8% 22-25
ROA
8.5%
-63.4% 22-25
Interest coverage
49.37
-20.3% 22-25
Figures by fiscal year
Fiscal year2025
Depositmicro
Revenue-
EBITDA€22k
Net profit€8k
Cash flow€19k
Staff costs-
Income taxes€2k
Dividends€8k
Total assets€88k
Equity€56k
Debt€32k
of which ≤ 1y€32k
of which > 1y-
Working capital€39k
Employees (FTE)-
Ratios (computed)
2025
Current ratio2.23
Quick ratio2.23
Working capital ratio44.1%
Solvency64.0%
Debt / equity0.56
Long-term debt ratio-
Interest coverage49.37
Gross margin-
Net margin-
ROA8.5%
ROE13.3%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2025
Balance sheet, Assets
TOTAL ASSETS 20/58€88k
Fixed assets 21/28€18k
Tangible fixed assets 22/27€18k
Current assets 29/58€71k
Amounts receivable within one year 40/41€17k
Cash & bank 54/58€52k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€88k
Equity 10/15€56k
Contributions / capital 10/11€10k
Reserves 13€16k
Accumulated profits (losses) 14€30k
Amounts payable 17/49€32k
Amounts payable within one year 42/48€32k
Trade debts payable within one year 44€4k
Income statement
Gross operating margin 9900€22k
Operating result 9901€10k
Financial income 75€0
Financial charges 65€448
Result before taxes 9903€10k
Income taxes 67/77€2k
Net result for the period 9904€8k
Result to be appropriated 9905€8k
You're seeing the latest fiscal year only. Unlock 3 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2025 · computed
90 / 100 Excellent
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank
Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Rue du Petit-Leez, Gd-L. 1385031 Gembloux

Establishment units

1 location
ChasingWatt
Rue du Petit-Leez, Gd-L. 138, 5031 GemblouxAlgemene elektrotechnische installatiewerken
since 20212.323.489.104
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area1.2 ha

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
92056E0521/00F002 Wallonia 1.2 ha - -
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

1 acts
Address history · 1
21-06-2023
Registered-office move
All acts · 1 updated 3 years ago
2023
21-06-2023 Registered office moved from Chastre to Grand-Leez Registered-office change
  • Place Communale 15 - 1450 Chastre → Rue de Petit Leez 138-5031 Grand-Leez

Analysis

Snowflake analysis

financial profile on 5 axes
Health90Profitability67Solvency99Growth52Stability94
80 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 90
Profitability 67
Solvency 99
Growth 52
Stability 94

Ask AI about this company

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AI due-diligence brief

Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

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The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works

Credit advice

verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

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Comparable size, same sector

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Ingenieurs en aanverwante technische adviseurs, exclusief landmeters71121Activiteiten van ingenieurs en aanverwante technische adviseurs, exclusief landmeters-experts71121Elektrotechnische installatiewerken aan gebouwen43211Algemene elektrotechnische installatiewerken43211Elektrotechnische installatiewerken, uitgezonderd aan gebouwen43212Elektrotechnische installatiewerken van nijverheidsinrichtingen43212Overige gespecialiseerde wetenschappelijke en technische activiteiten74909Overige activiteiten van vrije beroepen en andere wetenschappelijke en technische activiteiten, neg74999Overige vormen van onderwijs85599Overige vormen van onderwijs85599
Primary activity highlighted.
Names & trade names
Legal nameFR ChasingWatt
Registered office
Rue du Petit-Leez, Gd-L. 138
5031 Gembloux, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.