CHATELAIN 2
ActiveSummary
The computed 12-month bankruptcy probability of CHATELAIN 2 is 7.2% (elevated). The 2024 annual accounts show negative equity (-€862,971) and a net result of -€138,486. Equity is shrinking by about 21% per year across the filed financial years. The company has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- -€862,971
- Loss
- -€138,486
- Parent
- HM3 · 100%
- HM3Director · permanent representative HACHEM Abass
- HM3Director
Why 33raises risk1 change of registered office in 24 monthsFigures for financial year 2024 (filed 24-07-2025)1 financial year not filed after the legal deadline; 1 of the last 3 latelowers riskSize: turnover €278,586, total assets €3.0mShow the evidence
Checked score
About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, small): better than 1% on solvency, 26% on liquidity, 54% on profitability and 12% on growth.
The bankruptcy probability was computed on 26-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 5 accounts on average 31 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (1)
- Appointment: HM3 (director)Permanent representative: HACHEM Abass ·…
- Annual accounts filedfinancial year 2024 · full…
- Annual accounts filedfinancial year 2023 · full…
Financials · financial year 2024, full format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 27 October 2026.
2020 to 2024, 5 financial years
The operating result stays negative: a loss of €44,775 in 2024 against €40,061 in 2023; the loss grows.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
Peer companies
Historical observationOf the 1,167 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 94.9% are still going.
- Small
- 5 to 10 years old
- negative equity
- a small loss
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 7.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 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 74.5% 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 1,167 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.
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €278,586 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €123,145 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €165,577 | €185,090 | €193,999 | €194,545 | €168,867 | ▼ 13.2% |
| Other operating charges640/8 | - | €5,822 | €10,599 | €13,288 | €37,034 | ▲ 179% |
| Gross operating margin9900 | -€9,891 | €134,206 | €161,452 | €167,773 | €161,126 | ▼ 4.0% |
| Operating profit (loss)9901 | -€183,932 | -€56,706 | -€43,145 | -€40,061 | -€44,775 | ▼ 11.8% |
| Financial charges65/66B | - | €190,047 | €72,354 | €71,151 | €93,712 | ▲ 31.7% |
| Recurring financial charges65 | €73,289 | €190,047 | €72,354 | €71,151 | €93,712 | ▲ 31.7% |
| Profit (loss) for the period before taxes9903 | -€257,221 | -€246,752 | -€115,500 | -€111,212 | -€138,486 | ▼ 24.5% |
| Profit (loss) for the period9904 | -€257,221 | -€246,752 | -€115,500 | -€111,212 | -€138,486 | ▼ 24.5% |
| Profit (loss) for the period to be appropriated9905 | -€257,221 | -€246,752 | -€115,500 | -€111,212 | -€138,486 | ▼ 24.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.3m | €3.4m | €3.2m | €3.1m | €3.0m | ▼ 3.2% |
| Formation expenses20 | €0.001m | €210 | - | - | - | - |
| Fixed assets21/28 | €3.3m | €3.4m | €3.2m | €3.0m | €2.8m | ▼ 5.3% |
| Tangible fixed assets22/27 | €3.3m | €3.4m | €3.2m | €3.0m | €2.8m | ▼ 5.3% |
| Land and buildings22 | - | €3.4m | €3.2m | €3.0m | €2.8m | ▼ 5.3% |
| Current assets29/58 | €0.02m | €0.06m | €0.07m | €0.09m | €0.1m | ▲ 67.0% |
| Amounts receivable within one year40/41 | - | - | €0.05m | €0.05m | €0.04m | ▼ 21.4% |
| Trade receivables40 | - | - | €0.03m | €0.02m | €0.02m | ▼ 22.4% |
| Other amounts receivable41 | - | - | €0.02m | €0.03m | €0.02m | ▼ 20.5% |
| Cash at bank and in hand54/58 | €0.02m | €0.05m | €0.02m | €0.03m | €0.1m | ▲ 206% |
| Deferred charges and accrued income490/1 | - | €0.003m | €0.003m | €0.004m | €0.004m | ▲ 4.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.3m | €3.4m | €3.2m | €3.1m | €3.0m | ▼ 3.2% |
| Equity10/15 | -€0.3m | -€0.5m | -€0.6m | -€0.7m | -€0.9m | ▼ 19.1% |
| Contributions10/11 | - | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Profit (loss) carried forward14 | -€0.3m | -€0.5m | -€0.6m | -€0.7m | -€0.9m | ▼ 19.0% |
| Amounts payable17/49 | €3.6m | €3.9m | €3.9m | €3.8m | €3.8m | ▲ 1.0% |
| Amounts payable after more than one year17 | €3.2m | €3.2m | €3.0m | €2.9m | €2.8m | ▼ 3.7% |
| Financial debts170/4 | - | €3.2m | €3.0m | €2.9m | €2.8m | ▼ 3.7% |
| Other amounts payable178/9 | - | €0.03m | - | - | - | - |
| Amounts payable within one year42/48 | €0.4m | €0.7m | €0.8m | €0.9m | €1.0m | ▲ 13.5% |
| Current portion of amounts payable after more than one year42 | - | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 13.1% |
| Trade debts44 | €0.03m | €0.2m | €0.01m | €0.02m | €0.04m | ▲ 123% |
| Suppliers440/4 | - | €0.2m | €0.01m | €0.02m | €0.04m | ▲ 123% |
| Other amounts payable47/48 | - | €0.4m | €0.7m | €0.7m | €0.9m | ▲ 15.3% |
| Accrued charges and deferred income492/3 | - | €0.004m | €0.008m | €0.005m | €0.03m | ▲ 431% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€257,221 | -€246,752 | -€115,500 | -€111,212 | -€138,486 | ▼ 24.5% |
| + Depreciation and write-downs630 | €165,577 | €185,090 | €193,999 | €194,545 | €168,867 | ▼ 13.2% |
| Operating cash flow (approximation) | -€91,644 | -€61,662 | €78,499 | €83,333 | €30,381 | ▼ 63.5% |
| Investment in fixed assets (approximation) | - | -€240,291 | -€13,578 | -€12,816 | -€9,909 | ▲ 22.7% |
| Change in cash | - | €37,549 | -€36,197 | €17,542 | €69,994 | ▲ 299% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | full format | 18-07-2025 | 2025-00305120 |
| 31-12-2023 | full format | 31-10-2024 | 2024-00525362 |
| 31-12-2022 | full format | 30-08-2023 | 2023-00380111 |
| 31-12-2021 | full format | 25-08-2022 | 2022-20315569 |
| 31-12-2020 | full format | 21-08-2021 | 2021-51500123 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 2
Permanent representatives 1
Statutory auditor 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- Statutory auditor
| Name | Functions and periods |
|---|---|
| HM3 |
|
| HM3from an act |
|
| Deloitte Bedrijfsrevisoren/Réviseurs d’Entreprises |
|
Owners and capital
Owners
3 ownersChain of control
- Caisse de Dépôt et de Placement du QuébecCA
- HM3
- CHATELAIN 2
Highest known parent: Caisse de Dépôt et de Placement du Québec (Canada). The sources do not say who stands above it.
Owners 3
- HM3parent100%
- Caisse de Dépôt et de Placement du QuébecCAconsolidating parentconsolidates
-
50%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- HM3 (BE 1025.647.217) all shares
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
Group and network
Connections & network
1 connected companyThe connected companies are in the list below.
History
Acts, filings and financial milestones
11-12
Gazette deed
Appointment: HM3 (director)Permanent representative: HACHEM Abass · Shareholding · Name change9 facts ▸
- General meeting, 03-12-2025
- Shareholding, 28-10-2025, “Assemblée générale extraordinaire” (deed in French)
- Name change, CHATELAIN 2
- Amendment of the articles, 1
- Registered-office move, 1050 Ixelles,Avenue de la Couronne,numéro 404
- Other provision, “fin de fonction du gérant actuel” (deed in French)
- Director appointment, HM3 (director (not named in the articles))
- Permanent representative, HACHEM Abass
- Power of attorney
30-10
Gazette deed
Appointment: Deloitte Réviseurs d'Entreprises SRL (statutory auditor)2 facts ▸
- General meeting, 28-06-2024
- Auditor appointment, Deloitte Réviseurs d'Entreprises SRL (statutory auditor) (2 times)
About the unread acts
Of the 4 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 27 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21447B0212/00X003 | Brussels | 374 m² | 1 · 184 m² | 21.9 m · 7 |
| 21443C0224/00R002 | Brussels | 197 m² | 1 · 103 m² | 22.3 m · 7 |