Chaude
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 30-07-2026 at the NBB all 9 filings
Equity
-€4,543▲ 32.9%
2024 · -€6,767
Net result
€2,224▲ 45.9%
2024 · €1,524
Total assets
€75,233▼ 5.3%
2024 · €79,405
Solvency
-6.0%▲ 2.5pp
2024 · -8.5%
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€5,395
▲ 9.6%
2025
20182025
Net result
€2,224
▲ 45.9%
2025
lowest quarter of the sector
20182025
Equity
-€4,543
▲ 32.9%
2025
lowest quarter of the sector
20182025
Total assets
€75,233
▼ 5.3%
2025
lowest quarter of the sector
20182025
Debt
€79,776
▼ 7.4%
2025
20182025
Working capital
-€26,424
▲ 20.0%
2025
lowest quarter of the sector
20182025
Solvency
-6.0%
▲ 2.5pp
2025
lowest quarter of the sector
20182025
Current ratio
0.53
▲ 0.16
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
3.0%
▲ 1.0pp
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€445--€1,643▼ 270%-€4,548▼ 177%-€2,922▲ 35.8%-€4,856▼ 66.2%€8,010€4,924▼ 38.5%€5,395▲ 9.6%
Net result-€1,341--€2,560▼ 90.9%-€5,102below the sector's middle half▼ 99.3%-€3,322below the sector's middle half▲ 34.9%-€5,281below the sector's middle half▼ 59.0%€6,182within the sector's middle half€1,524below the sector's middle half▼ 75.3%€2,224below the sector's middle half▲ 45.9%
Equity€1,792--€768-€5,870below the sector's middle half▼ 664%-€9,192below the sector's middle half▼ 56.6%-€14,473below the sector's middle half▼ 57.4%-€8,291below the sector's middle half▲ 42.7%-€6,767below the sector's middle half▲ 18.4%-€4,543below the sector's middle half▲ 32.9%
Total assets€21,211-€28,475▲ 34.2%€30,518below the sector's middle half▲ 7.2%€29,104below the sector's middle half▼ 4.6%€26,604below the sector's middle half▼ 8.6%€36,426below the sector's middle half▲ 36.9%€79,405below the sector's middle half▲ 118%€75,233below the sector's middle half▼ 5.3%
Debt€19,419-€29,243▲ 50.6%€36,388▲ 24.4%€38,297▲ 5.2%€41,077▲ 7.3%€44,717▲ 8.9%€86,172▲ 92.7%€79,776▼ 7.4%
Working capital€1,511--€1,647-€13,313within the sector's middle half▼ 708%-€11,636within the sector's middle half▲ 12.6%-€14,473within the sector's middle half▼ 24.4%-€8,291within the sector's middle half▲ 42.7%-€33,031below the sector's middle half▼ 298%-€26,424below the sector's middle half▲ 20.0%
Solvency8.4%--2.7%▼ 11.1pp-19.2%below the sector's middle half▼ 16.5pp-31.6%below the sector's middle half▼ 12.3pp-54.4%below the sector's middle half▼ 22.8pp-22.8%below the sector's middle half▲ 31.6pp-8.5%below the sector's middle half▲ 14.2pp-6.0%below the sector's middle half▲ 2.5pp
Current ratio1.08-0.94▼ 0.130.63within the sector's middle half▼ 0.310.70within the sector's middle half▲ 0.060.65below the sector's middle half▼ 0.050.81within the sector's middle half▲ 0.170.38below the sector's middle half▼ 0.440.53below the sector's middle half▲ 0.16
Return on assets (ROA)-6.3%--9.0%▼ 2.7pp-16.7%below the sector's middle half▼ 7.7pp-11.4%below the sector's middle half▲ 5.3pp-19.9%below the sector's middle half▼ 8.4pp17.0%within the sector's middle half▲ 36.8pp1.9%within the sector's middle half▼ 15.1pp3.0%within the sector's middle half▲ 1.0pp
above
within
below
The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 10% higher than in 2024. It is a recovery after the fall in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €75,233
Fixed assets
€45,023 ▼ 24.1%
Current assets
€30,209 ▲ 50.4%
Equity and liabilities
Equity-€4,543
Debt€79,776
Equity is negative. Debt (€79,776) exceeds the balance-sheet total (€75,233).
Key figures and ratios
Debt ≤ 1 year
€56,634▲
2024 · €53,112
Debt > 1 year
€23,143▼
2024 · €33,060
Income taxes
€1,224▼
2024 · €1,238
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | €71,501 | - |
| Depreciation and write-downs of the year | €4,999 | €2,444 | €0 | €12,177 | €14,300 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €7,000 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €561 | €393 | €2,773 | €4,999 | €2,444 | €0 | €12,177 | €14,300 | ▲ 17.4% |
| Other operating charges640/8 | - | - | - | €1,100 | €1,071 | €1,156 | €947 | €885 | ▼ 6.6% |
| Gross operating margin9900 | €521 | -€91 | -€1,024 | €3,178 | -€1,341 | €9,165 | €18,049 | €20,579 | ▲ 14.0% |
| Operating profit (loss)9901 | -€445 | -€1,643 | -€4,548 | -€2,922 | -€4,856 | €8,010 | €4,924 | €5,395 | ▲ 9.6% |
| Financial income75/76B | - | - | - | - | - | €1 | €2 | €27 | ▲ 16× |
| Recurring financial income75 | - | - | €9 | - | - | €1 | €2 | €27 | ▲ 16× |
| Financial charges65/66B | - | - | - | €151 | €163 | €163 | €2,164 | €1,974 | ▼ 8.8% |
| Recurring financial charges65 | - | €176 | €176 | €151 | €163 | €163 | €2,164 | €1,974 | ▼ 8.8% |
| Profit (loss) for the period before taxes9903 | -€445 | -€1,820 | -€4,715 | -€3,073 | -€5,019 | €7,848 | €2,762 | €3,448 | ▲ 24.8% |
| Income taxes67/77 | €896 | €740 | €387 | €250 | €262 | €1,666 | €1,238 | €1,224 | ▼ 1.1% |
| Profit (loss) for the period9904 | -€1,341 | -€2,560 | -€5,102 | -€3,322 | -€5,281 | €6,182 | €1,524 | €2,224 | ▲ 45.9% |
| Profit (loss) for the period to be appropriated9905 | -€1,341 | -€2,560 | -€5,102 | -€3,322 | -€5,281 | €6,182 | €1,524 | €2,224 | ▲ 45.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €21,211 | €28,475 | €30,518 | €29,104 | €26,604 | €36,426 | €79,405 | €75,233 | ▼ 5.3% |
| Fixed assets21/28 | €281 | €879 | €7,443 | €2,444 | - | - | €59,324 | €45,023 | ▼ 24.1% |
| Tangible fixed assets22/27 | €281 | €879 | €7,443 | €2,444 | - | - | €59,324 | €45,023 | ▼ 24.1% |
| Furniture and vehicles24 | - | - | - | €2,444 | - | - | €59,324 | €45,023 | ▼ 24.1% |
| Current assets29/58 | €20,931 | €27,596 | €23,076 | €26,661 | €26,604 | €36,426 | €20,082 | €30,209 | ▲ 50.4% |
| Amounts receivable within one year40/41 | €13,669 | €24,340 | €8,792 | €14,824 | €9,438 | €8,351 | €14,610 | €20,643 | ▲ 41.3% |
| Trade receivables40 | - | - | - | €14,807 | €9,438 | €8,321 | €14,610 | €20,056 | ▲ 37.3% |
| Other amounts receivable41 | - | - | - | €17 | - | €30 | €0 | €588 | - |
| Cash at bank and in hand54/58 | €7,261 | €1,354 | €12,329 | €9,719 | €13,891 | €25,615 | €3,772 | €6,664 | ▲ 76.7% |
| Deferred charges and accrued income490/1 | - | - | - | €2,117 | €3,275 | €2,460 | €1,700 | €2,902 | ▲ 70.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €21,211 | €28,475 | €30,518 | €29,104 | €26,604 | €36,426 | €79,405 | €75,233 | ▼ 5.3% |
| Equity10/15 | €1,792 | -€768 | -€5,870 | -€9,192 | -€14,473 | -€8,291 | -€6,767 | -€4,543 | ▲ 32.9% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | -€4,408 | -€6,968 | -€12,070 | -€15,392 | -€20,673 | -€14,491 | -€12,967 | -€10,743 | ▲ 17.1% |
| Amounts payable17/49 | €19,419 | €29,243 | €36,388 | €38,297 | €41,077 | €44,717 | €86,172 | €79,776 | ▼ 7.4% |
| Amounts payable after more than one year17 | - | - | - | - | - | - | €33,060 | €23,143 | ▼ 30.0% |
| Financial debts170/4 | - | - | - | - | - | - | €33,060 | €23,143 | ▼ 30.0% |
| Amounts payable within one year42/48 | €19,419 | €29,243 | €36,388 | €38,297 | €41,077 | €44,717 | €53,112 | €56,634 | ▲ 6.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | - | €9,465 | €9,917 | ▲ 4.8% |
| Trade debts44 | - | €292 | €240 | €263 | €1,237 | €1,480 | €1,915 | €1,225 | ▼ 36.0% |
| Suppliers440/4 | - | - | - | €263 | €1,237 | €1,480 | €1,915 | €1,225 | ▼ 36.0% |
| Taxes, remuneration and social security45 | - | - | - | €8,175 | €8,783 | €9,386 | €11,724 | €10,768 | ▼ 8.2% |
| Taxes450/3 | - | - | - | €5,610 | €5,951 | €6,482 | €8,770 | €7,858 | ▼ 10.4% |
| Remuneration and social security454/9 | - | - | - | €2,565 | €2,833 | €2,904 | €2,954 | €2,909 | ▼ 1.5% |
| Other amounts payable47/48 | - | - | - | €29,858 | €31,057 | €33,850 | €30,009 | €34,724 | ▲ 15.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,341 | -€2,560 | -€5,102 | -€3,322 | -€5,281 | €6,182 | €1,524 | €2,224 | ▲ 45.9% |
| + Depreciation and write-downs630 | €561 | €393 | €2,773 | €4,999 | €2,444 | €0 | €12,177 | €14,300 | ▲ 17.4% |
| Operating cash flow (approximation) | -€780 | -€2,167 | -€2,329 | €1,677 | -€2,837 | €6,182 | €13,701 | €16,524 | ▲ 20.6% |
| Investment in fixed assets (approximation) | - | -€991 | -€9,337 | €0 | - | - | - | €0 | - |
| Change in cash | - | -€5,908 | €10,975 | -€2,610 | €4,172 | €11,723 | -€21,843 | €2,892 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-07-2026 | 2026-00354808 | |
| 31-12-2024 | micro format | 31-07-2025 | 2025-00344244 | |
| 31-12-2023 | micro format | 31-07-2024 | 2024-00311021 | |
| 31-12-2022 | micro format | 31-07-2023 | 2023-00296928 | |
| 31-12-2021 | micro format | 20-07-2022 | 2022-20205437 | |
| 31-12-2020 | micro format | 30-08-2021 | 2021-57300453 | |
| 31-12-2019 | micro format | 30-10-2020 | 2020-66000065 | |
| 31-12-2018 | micro format | 30-08-2019 | 2019-59600138 | |
| 31-12-2017 | micro format | 31-08-2018 | 2018-60600329 |