CHAVES PROJECT
ActiveSummary
CHAVES PROJECT has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €83k and a net result of €8k. Equity is growing by ~9.7% per year across the filed fiscal years. Its solvency ranks better than 71% of 7838 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability52▲+7
Solvency87▼-7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 2.64 against 3.19 in 2024; short-term debt: 37.8% and cash: 75.9% of total assets), and 37.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
62.2%
Return on assets
5.8%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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 · 10 filingsDeviation from the deadline
2025
26 d late
2024
31 d late
2023
6 d early
2022
31 d late
2021
30 d late
2020
30 d late
2019
91 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · 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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€83k▲ 10.3%
2024 · €75k
Total assets
€133k▲ 21.7%
2024 · €109k
Net result
€8k▲ 132%
2024 · €3k
Working capital
€83k▲ 10.3%
2024 · €75k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€3k▼ 2.0%€13k▲ 287%€15k▲ 15.4%€6k▼ 57.9%€9k▲ 45.2%
Net result€295▼ 62.5%€11k▲ 3,723%€12k▲ 5.6%€3k▼ 72.2%€8k▲ 132%
Equity€49k▲ 0.6%€60k▲ 23.3%€72k▲ 19.9%€75k▲ 4.6%€83k▲ 10.3%
Total assets€73k▼ 44.0%€78k▲ 6.8%€80k▲ 2.5%€109k▲ 37.4%€133k▲ 21.7%
Debt€24k▼ 70.3%€18k▼ 26.2%€8k▼ 55.7%€34k▲ 334%€50k▲ 46.7%
Working capital€49k▲ 0.6%€60k▲ 23.3%€72k▲ 19.9%€75k▲ 4.6%€83k▲ 10.3%
Staff (FTE)
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 45% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €133k
Equity
€83k ▲ 10.3%
Debt
€50k ▲ 46.7%
Debt's share of the balance-sheet total rises from 31.4% to 37.8%. Equity and debt are higher.
Key figures and ratios
Current ratio
2.64▼
2024 · 3.19
Quick ratio
2.54▼
2024 · 3.04
Debt to equity
0.61▲
2024 · 0.46
ROE
9.3%▲
2024 · 4.4%
ROA
5.8%▲
2024 · 3.0%
Debt ≤ 1 year
€50k▲
2024 · €34k
Income taxes
€3k▲
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €17k | - | - | - | - | - |
| Other operating charges640/8 | €133 | €80 | €80 | - | €80 | - |
| Gross operating margin9900 | €21k | €13k | €15k | €6k | €9k | ▲ 46.5% |
| Operating profit (loss)9901 | €3k | €13k | €15k | €6k | €9k | ▲ 45.2% |
| Financial charges65/66B | €3k | €609 | €974 | €615 | €-1k | ▼ 333% |
| Recurring financial charges65 | €3k | €609 | €974 | €615 | €-1k | ▼ 333% |
| Profit (loss) for the period before taxes9903 | €295 | €12k | €14k | €6k | €11k | ▲ 86.4% |
| Income taxes67/77 | - | €1k | €2k | €2k | €3k | ▲ 21.4% |
| Profit (loss) for the period9904 | €295 | €11k | €12k | €3k | €8k | ▲ 132% |
| Profit (loss) for the period to be appropriated9905 | €295 | €11k | €12k | €3k | €8k | ▲ 132% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €73k | €78k | €80k | €109k | €133k | ▲ 21.7% |
| Current assets29/58 | €73k | €78k | €80k | €109k | €133k | ▲ 21.7% |
| Stocks and contracts in progress3 | €18k | €5k | €5k | €5k | €5k | = |
| Stocks30/36 | €18k | €5k | €5k | €5k | €5k | = |
| Amounts receivable within one year40/41 | €43k | €61k | €39k | €67k | €27k | ▼ 59.4% |
| Trade receivables40 | €37k | €48k | €30k | €55k | €19k | ▼ 65.3% |
| Other amounts receivable41 | €5k | €12k | €9k | €12k | €8k | ▼ 32.8% |
| Cash at bank and in hand54/58 | €12k | €12k | €35k | €38k | €101k | ▲ 168% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €73k | €78k | €80k | €109k | €133k | ▲ 21.7% |
| Equity10/15 | €49k | €60k | €72k | €75k | €83k | ▲ 10.3% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | €19k | €19k | €19k | €19k | €19k | = |
| Issued capital100 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €12k | €22k | €25k | €32k | ▲ 28.2% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Legal reserve130 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €10k | €20k | €23k | €30k | ▲ 30.4% |
| Profit (loss) carried forward14 | €28k | €29k | €31k | €32k | €32k | ▲ 2.2% |
| Amounts payable17/49 | €24k | €18k | €8k | €34k | €50k | ▲ 46.7% |
| Amounts payable within one year42/48 | €24k | €18k | €8k | €34k | €50k | ▲ 46.7% |
| Trade debts44 | €24k | €17k | €6k | €27k | €34k | ▲ 24.0% |
| Suppliers440/4 | €24k | €17k | €6k | €27k | €34k | ▲ 24.0% |
| Taxes, remuneration and social security45 | - | €1k | €2k | €7k | €17k | ▲ 132% |
| Taxes450/3 | - | €1k | €2k | €1k | €11k | ▲ 789% |
| Remuneration and social security454/9 | - | - | - | €6k | €6k | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €295 | €11k | €12k | €3k | €8k | ▲ 132% |
| Operating cash flow (approximation) | €295 | €11k | €12k | €3k | €8k | ▲ 132% |
| Change in cash | - | €220 | €23k | €2k | €63k | ▲ 2,469% |
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
Next filing, fiscal year 2026, expected by
2026
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 26 days late
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €12k ▲5.6%
Operating result €15k, net result €12k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 10.06
Current ratio from 4.35 to 10.06; short-term debt falls from €18k to €8k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Back to profitnet €787
Net result €787 after 2 loss-making years.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Weakest financial yearnet €-18k
Net result drops to €-18k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
22-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 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, Zaventem · 1 establishment unit since 2012
Ground area
477 m²
Building footprint
273 m²
Volume, LiDAR
1,369 m³
Parcel 23094D0212/00G002, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Keibergstraat 31, 1930 Zaventem
since 20122.209.677.915
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23094D0212/00G002 | Flanders | 477 m² | 1 · 273 m² | 9.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 20,028 companies in sector 43320 we hold annual accounts for 9,133. 7,690 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
Founded16-01-2012
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
43350Other building finishing work
43410Roofing work
Scores and ratios are computed by Checked and are not a credit decision.