Chaufftec
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 24-07-2026 at the NBB all 6 filings
Turnover
≈ €410,000
Estimated: probably between €330,000 and €500,000
Total assets
€118,162▼ 2.2%
2024 · €120,875
Net result
€44,220▲ 186%
2024 · €15,470
Working capital
-€12,135
2024 · €10,000
Multi-year overview
2020 to 2025, 6 financial yearsOperating result
€69,807
▲ 127%
2025
20202025
Net result
€44,220
▲ 186%
2025
highest quarter of the sector
20202025
Equity
€10,497
▼ 64.1%
2025
lowest quarter of the sector
20202025
Total assets
€118,162
▼ 2.2%
2025
middle half of the sector
20202025
Debt
€107,665
▲ 17.5%
2025
20202025
Working capital
-€12,135
2025
lowest quarter of the sector
20202025
Solvency
8.9%
▼ 15.3pp
2025
lowest quarter of the sector
20202025
Current ratio
0.88
▼ 0.25
2025
lowest quarter of the sector
20202025
Return on assets (ROA)
37.4%
▲ 24.6pp
2025
highest quarter of the sector
20202025
Staff (FTE)
1
=
2025
20202025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202020212022202320242025
Operating result€24,210-€39,134▲ 61.6%€68,166▲ 74.2%€5,855▼ 91.4%€30,811▲ 426%€69,807▲ 127%
Net result€17,050within the sector's middle half-€24,654within the sector's middle half▲ 44.6%€48,194above the sector's middle half▲ 95.5%-€3,267below the sector's middle half€15,470within the sector's middle half€44,220above the sector's middle half▲ 186%
Equity€27,050within the sector's middle half-€51,704within the sector's middle half▲ 91.1%€75,897within the sector's middle half▲ 46.8%€37,336within the sector's middle half▼ 50.8%€29,277within the sector's middle half▼ 21.6%€10,497below the sector's middle half▼ 64.1%
Total assets€44,750below the sector's middle half-€102,213within the sector's middle half▲ 128%€150,590within the sector's middle half▲ 47.3%€154,989within the sector's middle half▲ 2.9%€120,875within the sector's middle half▼ 22.0%€118,162within the sector's middle half▼ 2.2%
Debt€17,701-€50,509▲ 185%€74,693▲ 47.9%€117,653▲ 57.5%€91,598▼ 22.1%€107,665▲ 17.5%
Working capital€16,272within the sector's middle half-€47,422within the sector's middle half▲ 191%€65,627within the sector's middle half▲ 38.4%€28,999within the sector's middle half▼ 55.8%€10,000within the sector's middle half▼ 65.5%-€12,135below the sector's middle half
Solvency60.4%within the sector's middle half-50.6%within the sector's middle half▼ 9.9pp50.4%within the sector's middle half▼ 0.2pp24.1%within the sector's middle half▼ 26.3pp24.2%within the sector's middle half▲ 0.1pp8.9%below the sector's middle half▼ 15.3pp
Current ratio1.92within the sector's middle half-1.94within the sector's middle half▲ 0.021.88within the sector's middle half▼ 0.061.29within the sector's middle half▼ 0.591.13within the sector's middle half▼ 0.160.88below the sector's middle half▼ 0.25
Return on assets (ROA)38.1%above the sector's middle half-24.1%above the sector's middle half▼ 14.0pp32.0%above the sector's middle half▲ 7.9pp-2.1%below the sector's middle half▼ 34.1pp12.8%within the sector's middle half▲ 14.9pp37.4%above the sector's middle half▲ 24.6pp
Staff (FTE)11=1=1=
above
within
below
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). 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 127% higher than in 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.
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 €118,162
Fixed assets
€31,111 ▼ 5.9%
Current assets
€87,051 ▼ 0.9%
Equity and liabilities €118,162
Equity
€10,497 ▼ 64.1%
Debt
€107,665 ▲ 17.5%
Debt's share of the balance-sheet total rises from 75.8% to 91.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€80,942▲
2024 · €38,454
Cash flow
€55,356▲
2024 · €23,113
Debt to equity
10.26▲
2024 · 3.13
ROE
421.3%▲
2024 · 52.8%
Interest coverage
12.36▲
2024 · 8.30
Debt ≤ 1 year
€99,186▲
2024 · €77,803
Debt > 1 year
€8,479▼
2024 · €13,795
Income taxes
€19,065▲
2024 · €10,737
Staff costs
€48,399▲
2024 · €42,847
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 1 | 1 |
| full-time | 1 | 1 | 1 | 1 |
| in full-time equivalents | 1 | 1 | 1 | 1 |
| Average over the year, in full-time equivalents | 1 | 1 | 1 | 1 |
| On a permanent contract | 1 | 1 | 1 | 1 |
| Joined | 1 | - | - | - |
| Left | 0 | - | - | - |
Source: social balance sheet in the 2022 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,859 | €9,546 | €26,383 | €13,520 | €9,020 |
| Financial fixed assets | - | €60 | - | - | €155 |
| Depreciation and write-downs of the year | €5,897 | €3,617 | €4,449 | €7,643 | €11,136 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €8,945 | €39,658 | €42,847 | €48,399 | ▲ 13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,324 | €5,897 | €3,617 | €4,449 | €7,643 | €11,136 | ▲ 45.7% |
| Other operating charges640/8 | - | €2,584 | €1,014 | €1,719 | €1,892 | €1,629 | ▼ 13.9% |
| Gross operating margin9900 | €33,766 | €47,615 | €81,742 | €51,680 | €83,192 | €130,970 | ▲ 57.4% |
| Operating profit (loss)9901 | €24,210 | €39,134 | €68,166 | €5,855 | €30,811 | €69,807 | ▲ 127% |
| Financial income75/76B | - | €35 | €3 | €48 | €28 | €28 | ▼ 3.1% |
| Recurring financial income75 | €20 | €35 | €3 | €48 | €28 | €28 | ▼ 3.1% |
| Financial charges65/66B | - | €4,446 | €4,250 | €5,485 | €4,632 | €6,549 | ▲ 41.4% |
| Recurring financial charges65 | €1,580 | €4,446 | €4,250 | €5,485 | €4,632 | €6,549 | ▲ 41.4% |
| Profit (loss) for the period before taxes9903 | €22,650 | €34,722 | €63,919 | €418 | €26,207 | €63,285 | ▲ 141% |
| Income taxes67/77 | €5,601 | €10,069 | €15,725 | €3,685 | €10,737 | €19,065 | ▲ 77.6% |
| Profit (loss) for the period9904 | €17,050 | €24,654 | €48,194 | -€3,267 | €15,470 | €44,220 | ▲ 186% |
| Profit (loss) for the period to be appropriated9905 | €17,050 | €24,654 | €48,194 | -€3,267 | €15,470 | €44,220 | ▲ 186% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €44,750 | €102,213 | €150,590 | €154,989 | €120,875 | €118,162 | ▼ 2.2% |
| Fixed assets21/28 | €10,778 | €4,281 | €10,270 | €27,194 | €33,071 | €31,111 | ▼ 5.9% |
| Tangible fixed assets22/27 | €10,778 | €4,281 | €10,210 | €27,134 | €33,011 | €30,896 | ▼ 6.4% |
| Furniture and vehicles24 | - | €4,281 | €10,210 | €27,134 | €21,858 | €22,015 | ▲ 0.7% |
| Leasing and similar rights25 | - | - | - | - | €11,154 | €8,881 | ▼ 20.4% |
| Financial fixed assets28 | - | - | €60 | €60 | €60 | €215 | ▲ 258% |
| Current assets29/58 | €33,972 | €97,931 | €140,320 | €127,795 | €87,804 | €87,051 | ▼ 0.9% |
| Amounts receivable within one year40/41 | €4,250 | €17,804 | €24,521 | €33,878 | €21,549 | €50,080 | ▲ 132% |
| Trade receivables40 | - | €11,446 | €19,617 | €18,015 | €7,674 | €44,014 | ▲ 474% |
| Other amounts receivable41 | - | €6,358 | €4,905 | €15,864 | €13,875 | €6,066 | ▼ 56.3% |
| Cash at bank and in hand54/58 | €29,077 | €79,461 | €115,799 | €93,916 | €65,144 | €35,392 | ▼ 45.7% |
| Deferred charges and accrued income490/1 | - | €666 | - | - | €1,110 | €1,579 | ▲ 42.2% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €44,750 | €102,213 | €150,590 | €154,989 | €120,875 | €118,162 | ▼ 2.2% |
| Equity10/15 | €27,050 | €51,704 | €75,897 | €37,336 | €29,277 | €10,497 | ▼ 64.1% |
| Contributions10/11 | - | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | €17,050 | €41,704 | €65,897 | €27,336 | €19,277 | €497 | ▼ 97.4% |
| Amounts payable17/49 | €17,701 | €50,509 | €74,693 | €117,653 | €91,598 | €107,665 | ▲ 17.5% |
| Amounts payable after more than one year17 | - | - | - | €18,857 | €13,795 | €8,479 | ▼ 38.5% |
| Financial debts170/4 | - | - | - | €18,857 | €13,795 | €8,479 | ▼ 38.5% |
| Amounts payable within one year42/48 | €17,701 | €50,509 | €74,693 | €98,796 | €77,803 | €99,186 | ▲ 27.5% |
| Current portion of amounts payable after more than one year42 | - | €12,660 | €10,154 | €13,110 | €10,587 | €10,816 | ▲ 2.2% |
| Trade debts44 | €4,001 | €6,352 | - | €15,212 | €2,792 | €70,179 | ▲ 25× |
| Suppliers440/4 | - | €6,352 | - | €15,212 | €2,792 | €70,179 | ▲ 25× |
| Advances received on contracts in progress46 | - | €4,000 | €11,886 | €18,959 | €18,215 | - | - |
| Taxes, remuneration and social security45 | - | €20,269 | €21,954 | €4,648 | €7,385 | €18,191 | ▲ 146% |
| Taxes450/3 | - | €15,669 | €16,411 | - | €2,737 | €10,739 | ▲ 292% |
| Remuneration and social security454/9 | - | €4,600 | €5,543 | €4,648 | €4,648 | €7,452 | ▲ 60.3% |
| Other amounts payable47/48 | - | €7,228 | €30,699 | €46,866 | €38,823 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,050 | €24,654 | €48,194 | -€3,267 | €15,470 | €44,220 | ▲ 186% |
| + Depreciation and write-downs630 | €8,324 | €5,897 | €3,617 | €4,449 | €7,643 | €11,136 | ▲ 45.7% |
| Operating cash flow (approximation) | €25,374 | €30,550 | €51,811 | €1,182 | €23,113 | €55,356 | ▲ 139% |
| Investment in fixed assets (approximation) | - | €600 | -€9,606 | -€21,373 | -€13,520 | -€9,175 | ▲ 32.1% |
| Change in cash | - | €50,384 | €36,338 | -€21,882 | -€28,772 | -€29,752 | ▼ 3.4% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 2,153 companies had the same profile as Chaufftec has now. Two years later, 96.1% were still going and 1.7% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
96.1%
was still going
2.2%
stopped otherwise
1.7%
went bankrupt
That fits the bankruptcy probability of Chaufftec itself: 1.6% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,153 companies, not a prediction for Chaufftec. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 24-07-2026 | 2026-00336013 | |
| 31-12-2024 | micro format | 31-08-2025 | 2025-00474546 | |
| 31-12-2023 | micro format | 19-08-2024 | 2024-00356848 | |
| 31-12-2022 | micro format | 12-05-2023 | 2023-00087348 | |
| 31-12-2021 | micro format | 28-06-2022 | 2022-20100377 | |
| 31-12-2020 | micro format | 08-03-2021 | 2021-07100087 |