CHASSIS PROTECT
ActiveSummary
The computed 12-month bankruptcy probability of CHASSIS PROTECT is 2.1% (moderate). The 2024 annual accounts show equity of €39,747 and a net result of €678. Equity is growing by ~4.4% per year across the filed fiscal years. Its solvency ranks better than 36% of 1295 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability69▲+56
Solvency47▲+2
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity tight (current ratio 1.13 against 3.71 in 2023; short-term debt: 78% and cash: 13.4% of total assets), and 78% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
22%
Return on assets
0.4%
Age of the figures
21 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 · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
138 d late
2022
23 d late
2021
61 d late
2020
31 d late
2019
144 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 71 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€678
2023 · -€18,825
Working capital
€18,678▼ 86.5%
2023 · €137,994
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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
Line20202021202220232024
Operating result€6,822▼ 78.7%€549▼ 92.0%€24,576▲ 4,377%-€18,521€5,865
Net result€6,756within the sector's middle half▼ 75.8%-€4,093below the sector's middle half€22,293within the sector's middle half-€18,825below the sector's middle half€678within the sector's middle half
Equity€39,694below the sector's middle half▲ 20.5%€35,601below the sector's middle half▼ 10.3%€57,894within the sector's middle half▲ 62.6%€39,069within the sector's middle half▼ 32.5%€39,747below the sector's middle half▲ 1.7%
Total assets€189,216within the sector's middle half▲ 51.9%€180,274below the sector's middle half▼ 4.7%€194,508within the sector's middle half▲ 7.9%€191,491within the sector's middle half▼ 1.6%€180,357below the sector's middle half▼ 5.8%
Debt€149,522▲ 63.1%€144,673▼ 3.2%€136,614▼ 5.6%€152,422▲ 11.6%€140,611▼ 7.7%
Working capital€39,694within the sector's middle half▲ 20.5%€35,601within the sector's middle half▼ 10.3%€57,894within the sector's middle half▲ 62.6%€137,994above the sector's middle half▲ 138%€18,678within the sector's middle half▼ 86.5%
Solvency21.0%within the sector's middle half▼ 5.5pp19.7%within the sector's middle half▼ 1.2pp29.8%within the sector's middle half▲ 10.0pp20.4%within the sector's middle half▼ 9.4pp22.0%within the sector's middle half▲ 1.6pp
Current ratio1.27within the sector's middle half▼ 0.091.25within the sector's middle half▼ 0.021.42within the sector's middle half▲ 0.183.71above the sector's middle half▲ 2.291.13within the sector's middle half▼ 2.58
Return on assets (ROA)3.6%within the sector's middle half▼ 18.9pp-2.3%below the sector's middle half▼ 5.8pp11.5%within the sector's middle half▲ 13.7pp-9.8%below the sector's middle half▼ 21.3pp0.4%within the sector's middle half▲ 10.2pp
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €5,865 after a loss of €18,521 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €180,357
Fixed assets
€21,069 ▲ 714%
Current assets
€159,289 ▼ 15.7%
Equity and liabilities €180,357
Equity
€39,747 ▲ 1.7%
Debt
€140,611 ▼ 7.7%
Debt's share of the balance-sheet total falls from 79.6% to 78.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€7,326
Cash flow
€2,139
Quick ratio
0.95▼
2023 · 2.27
Debt to equity
3.54▼
2023 · 3.90
ROE
1.7%▲
2023 · -48.2%
Interest coverage
53.70
Debt ≤ 1 year
€140,611▲
2023 · €50,908
Income taxes
€5,051▲
2023 · €180
Staff costs
€117▼
2023 · €9,012
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,275 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
2.5%
went bankrupt
2.5%
stopped otherwise
95%
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 2.1% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 3,275 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €52 | €664 | €9,012 | €117 | ▼ 98.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | €1,461 | - |
| Other operating charges640/8 | - | €149 | €4,691 | €543 | €556 | ▲ 2.4% |
| Non-recurring operating charges66A | - | - | - | €281 | €386 | ▲ 37.6% |
| Gross operating margin9900 | €7,409 | €750 | €29,931 | -€8,685 | €8,386 | ▲ 197% |
| Operating profit (loss)9901 | €6,822 | €549 | €24,576 | -€18,521 | €5,865 | ▲ 132% |
| Financial income75/76B | - | - | €42 | €0 | - | - |
| Recurring financial income75 | - | - | €42 | €0 | - | - |
| Financial charges65/66B | - | €82 | €2,312 | €125 | €136 | ▲ 9.5% |
| Recurring financial charges65 | €66 | €82 | €2,312 | €125 | €136 | ▲ 9.5% |
| Profit (loss) for the period before taxes9903 | €6,756 | €467 | €22,307 | -€18,645 | €5,729 | ▲ 131% |
| Income taxes67/77 | - | €4,560 | €14 | €180 | €5,051 | ▲ 2,709% |
| Profit (loss) for the period9904 | €6,756 | -€4,093 | €22,293 | -€18,825 | €678 | ▲ 104% |
| Profit (loss) for the period to be appropriated9905 | €6,756 | -€4,093 | €22,293 | -€18,825 | €678 | ▲ 104% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €189,216 | €180,274 | €194,508 | €191,491 | €180,357 | ▼ 5.8% |
| Fixed assets21/28 | - | - | - | €2,589 | €21,069 | ▲ 714% |
| Tangible fixed assets22/27 | - | - | - | €2,589 | €21,069 | ▲ 714% |
| Land and buildings22 | - | - | - | €45 | - | - |
| Furniture and vehicles24 | - | - | - | €2,544 | €21,069 | ▲ 728% |
| Current assets29/58 | €189,216 | €180,274 | €194,508 | €188,902 | €159,289 | ▼ 15.7% |
| Stocks and contracts in progress3 | €45,962 | €57,531 | €127,031 | €73,210 | €25,372 | ▼ 65.3% |
| Stocks30/36 | - | €57,531 | €57,531 | €73,210 | €25,372 | ▼ 65.3% |
| Contracts in progress37 | - | - | €69,500 | - | - | - |
| Amounts receivable within one year40/41 | €56,846 | €67,619 | €33,590 | €71,105 | €109,817 | ▲ 54.4% |
| Trade receivables40 | - | €62,830 | €33,590 | €70,607 | €108,464 | ▲ 53.6% |
| Other amounts receivable41 | - | €4,788 | - | €498 | €1,352 | ▲ 171% |
| Cash at bank and in hand54/58 | €86,408 | €55,125 | €33,887 | €44,587 | €24,100 | ▼ 45.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €189,216 | €180,274 | €194,508 | €191,491 | €180,357 | ▼ 5.8% |
| Equity10/15 | €39,694 | €35,601 | €57,894 | €39,069 | €39,747 | ▲ 1.7% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | €6,200 | €6,200 | - | €6,200 | - |
| Issued capital100 | - | €18,600 | €18,600 | - | €6,200 | - |
| Uncalled capital101 | - | €12,400 | €12,400 | - | - | - |
| Profit (loss) carried forward14 | €33,494 | €29,401 | €51,694 | €32,869 | €33,547 | ▲ 2.1% |
| Amounts payable17/49 | €149,522 | €144,673 | €136,614 | €152,422 | €140,611 | ▼ 7.7% |
| Amounts payable after more than one year17 | - | - | - | €101,514 | - | - |
| Trade debts175 | - | - | - | €46,903 | - | - |
| Advances received on contracts in progress176 | - | - | - | €54,611 | - | - |
| Amounts payable within one year42/48 | €149,522 | €144,673 | €136,614 | €50,908 | €140,611 | ▲ 176% |
| Trade debts44 | €91,558 | €90,929 | €56,924 | - | €70,418 | - |
| Suppliers440/4 | - | €90,929 | €56,924 | - | €70,418 | - |
| Advances received on contracts in progress46 | - | €47,715 | €51,734 | - | €42,932 | - |
| Taxes, remuneration and social security45 | - | €4,209 | €16,388 | €21,801 | €11,246 | ▼ 48.4% |
| Taxes450/3 | - | €4,209 | €2,928 | €7,352 | - | - |
| Remuneration and social security454/9 | - | - | €13,460 | €14,448 | €11,246 | ▼ 22.2% |
| Other amounts payable47/48 | - | €1,820 | €11,568 | €29,107 | €16,014 | ▼ 45.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,756 | -€4,093 | €22,293 | -€18,825 | €678 | ▲ 104% |
| + Depreciation and write-downs630 | - | - | - | - | €1,461 | - |
| Operating cash flow (approximation) | €6,756 | -€4,093 | €22,293 | -€18,825 | €2,139 | ▲ 111% |
| Investment in fixed assets (approximation) | - | - | - | - | -€19,941 | - |
| Change in cash | - | -€31,283 | -€21,237 | €10,700 | -€20,487 | ▼ 291% |
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
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 28 days late
2024
31-12
Financial
Back to profitnet €678
Net result €678 after one loss-making year.
16-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 138 days late
2023
31-12
Financial
Weakest financial yearnet -€18,825
Net result drops to -€18,825, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 3.71
Current ratio from 1.42 to 3.71; short-term debt falls from €136,614 to €50,908.
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
31-12
Financial
Back to profitnet €22,293
Net result €22,293 after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 61 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
22-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 144 days late
2019
31-12
Financial
Back to profitnet €27,945
Net result €27,945 after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
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, Koekelberg · 1 establishment unit since 2018
Ground area
1,815 m²
Building footprint
290 m²
Volume, LiDAR
1,731 m³
2 parcels, Brussels, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CHASSIS PROTECT
since 20182.273.541.329
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22005A0012/00E003 | Flanders | 1,738 m² | 1 · 290 m² | 9.1 m · 2 fl. |
| 21492B0158/02Z004indicative | Brussels | 77 m² | - | - |
Linked by address, not proof of ownership
Good to know
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,786 companies in sector 41001 we hold annual accounts for 16,061. 12,868 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
Founded24-01-2018
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0688828474
Also
9925:BE0688828474
Registered
15-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.