CHAWBEL
ActiveSummary
CHAWBEL has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.0m and a net result of -€209,969. Equity remains stable across the filed fiscal years (±2.3% per year). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▼-9
Solvency100▲+7
Growth68▼-17
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18,000 at 30 days acceptable
Liquidity ample (current ratio 2.25 against 1.37 in 2024; short-term debt: 3.1% and cash: 5.4% of total assets), and 6% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
94%
Return on assets
-6.5%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €3.0m
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 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
24 d late
2024
28 d late
2023
87 d late
2022
31 d late
2021
113 d late
2020
92 d late
2019
46 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 60 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
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. Usually files around 31 August (4 of the last 5 filed years within 57 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Turnover
€182,152▲ 13.7%
2024 · €160,191
EBIT margin
-115.0%▼ 142.1pp
2024 · 27.1%
Net result
-€209,969
2024 · €44,533
Working capital
€126,695▲ 89.9%
2024 · €66,722
Trend over the years
In euros
In per cent
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€111,001€160,191▲ 44.3%€182,152▲ 13.7%
Operating result€23,545▼ 29.2%€30,749▲ 30.6%-€29,272€43,474-€209,432
Net result€5,050▼ 80.3%€23,950▲ 374%-€16,211€44,533-€209,969
EBIT margin-26.4%27.1%▲ 53.5pp-115.0%▼ 142.1pp
Equity€596,706▲ 0.9%€620,656▲ 4.0%€589,289▼ 5.1%€594,665▲ 0.9%€3.0m▲ 411%
Total assets€871,158▼ 8.6%€829,493▼ 4.8%€778,110▼ 6.2%€871,185▲ 12.0%€3.2m▲ 271%
Debt€193,830▼ 31.0%€128,215▼ 33.9%€111,989▼ 12.7%€203,477▲ 81.7%€125,191▼ 38.5%
Working capital€74,746▲ 4.0%€96,297▲ 28.8%€62,335▼ 35.3%€66,722▲ 7.0%€126,695▲ 89.9%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €209,432 after €43,474 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.2m
Fixed assets
€3.0m ▲ 381%
Current assets
€227,886 ▼ 7.4%
Equity and liabilities €3.2m
Equity
€3.0m ▲ 411%
Provisions
€69,255 ▼ 5.2%
Debt
€125,191 ▼ 38.5%
Debt's share of the balance-sheet total falls from 23.4% to 3.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€62,861▼
2024 · €66,613
Cash flow
€62,325▼
2024 · €67,671
Current ratio
2.25▲
2024 · 1.37
Debt to equity
0.04▼
2024 · 0.34
ROE
-6.9%▼
2024 · 7.5%
ROA
-6.5%▼
2024 · 5.1%
Interest coverage
117.26▲
2024 · 91.51
Debt ≤ 1 year
€101,191▼
2024 · €179,477
Debt > 1 year
€24,000=
2024 · €24,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,612 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.1%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.1% 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 497,341 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% | 1.8% |
| 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% 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 8,612 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €111,001 | €160,191 | €182,152 | ▲ 13.7% |
| Goods, raw materials, services and sundry goods60/61 | - | - | €34,742 | €42,839 | €62,885 | ▲ 46.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,294 | €19,294 | €23,139 | €23,139 | €272,294 | ▲ 1,077% |
| Other operating charges640/8 | €34,285 | €8,274 | €82,392 | €50,738 | €56,406 | ▲ 11.2% |
| Gross operating margin9900 | €77,124 | €58,317 | €76,258 | €117,351 | €119,267 | ▲ 1.6% |
| Operating profit (loss)9901 | €23,545 | €30,749 | -€29,272 | €43,474 | -€209,432 | ▼ 582% |
| Financial charges65/66B | €6,179 | €1,224 | €1,032 | €728 | €536 | ▼ 26.4% |
| Recurring financial charges65 | €6,179 | €1,224 | €1,032 | €728 | €536 | ▼ 26.4% |
| Profit (loss) for the period before taxes9903 | €17,366 | €29,525 | -€30,304 | €42,746 | -€209,969 | ▼ 591% |
| Transfer from deferred taxes780 | - | - | €18,945 | €18,945 | - | - |
| Income taxes67/77 | €12,316 | €5,575 | €4,852 | €17,159 | - | - |
| Profit (loss) for the period9904 | €5,050 | €23,950 | -€16,211 | €44,533 | -€209,969 | ▼ 571% |
| Transfer from tax-exempt reserves789 | - | - | - | - | €18,945 | - |
| Profit (loss) for the period to be appropriated9905 | €5,050 | €23,950 | -€16,211 | €44,533 | -€191,024 | ▼ 529% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €871,158 | €829,493 | €778,110 | €871,185 | €3.2m | ▲ 271% |
| Fixed assets21/28 | €690,559 | €671,265 | €648,126 | €624,987 | €3.0m | ▲ 381% |
| Tangible fixed assets22/27 | €570,444 | €551,150 | €528,011 | €504,872 | €2.9m | ▲ 471% |
| Land and buildings22 | €529,205 | €510,260 | €491,315 | €472,370 | €2.9m | ▲ 504% |
| Furniture and vehicles24 | - | - | - | - | €1,882 | - |
| Other tangible fixed assets26 | €41,239 | €40,889 | €36,695 | €32,502 | €28,308 | ▼ 12.9% |
| Financial fixed assets28 | €120,115 | €120,115 | €120,115 | €120,115 | €120,115 | = |
| Current assets29/58 | €180,599 | €158,228 | €129,984 | €246,198 | €227,886 | ▼ 7.4% |
| Amounts receivable within one year40/41 | €24,161 | €52,448 | €63,448 | €54,518 | €47,475 | ▼ 12.9% |
| Trade receivables40 | €4,973 | €4,973 | €4,973 | - | - | - |
| Other amounts receivable41 | €19,188 | €47,475 | €58,475 | €54,518 | €47,475 | ▼ 12.9% |
| Cash at bank and in hand54/58 | €156,437 | €105,780 | €66,536 | €187,369 | €176,001 | ▼ 6.1% |
| Deferred charges and accrued income490/1 | - | - | - | €4,312 | €4,410 | ▲ 2.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €871,158 | €829,493 | €778,110 | €871,185 | €3.2m | ▲ 271% |
| Equity10/15 | €596,706 | €620,656 | €589,289 | €594,665 | €3.0m | ▲ 411% |
| Contributions10/11 | €312,000 | €312,000 | €312,000 | €312,000 | €312,000 | = |
| Capital10 | €312,000 | €312,000 | €312,000 | €312,000 | €312,000 | = |
| Issued capital100 | €312,000 | €312,000 | €312,000 | €312,000 | €312,000 | = |
| Revaluation surpluses12 | - | - | - | - | €2.4m | - |
| Reserves13 | €70,075 | €70,075 | €54,919 | €41,990 | €275,518 | ▲ 556% |
| Non-distributable reserves130/1 | €20,339 | €20,339 | €20,339 | €22,565 | €22,565 | = |
| Legal reserve130 | €20,339 | €20,339 | €20,339 | €22,565 | €22,565 | = |
| Tax-exempt reserves132 | €49,736 | €49,736 | €34,580 | €19,424 | €4,268 | ▼ 78.0% |
| Distributable reserves133 | - | - | - | - | €248,685 | - |
| Profit (loss) carried forward14 | €214,631 | €238,580 | €222,369 | €240,675 | €49,652 | ▼ 79.4% |
| Provisions and deferred taxes16 | €80,622 | €80,622 | €76,833 | €73,044 | €69,255 | ▼ 5.2% |
| Provisions for liabilities and charges160/5 | €55,000 | €55,000 | €55,000 | €55,000 | €55,000 | = |
| Major repairs and maintenance162 | €55,000 | €55,000 | €55,000 | €55,000 | €55,000 | = |
| Deferred taxes168 | €25,622 | €25,622 | €21,833 | €18,044 | €14,255 | ▼ 21.0% |
| Amounts payable17/49 | €193,830 | €128,215 | €111,989 | €203,477 | €125,191 | ▼ 38.5% |
| Amounts payable after more than one year17 | €87,977 | €66,285 | €44,340 | €24,000 | €24,000 | = |
| Financial debts170/4 | €63,977 | €42,285 | €20,340 | - | - | - |
| Other amounts payable178/9 | €24,000 | €24,000 | €24,000 | €24,000 | €24,000 | = |
| Amounts payable within one year42/48 | €105,853 | €61,930 | €67,649 | €179,477 | €101,191 | ▼ 43.6% |
| Current portion of amounts payable after more than one year42 | €21,443 | €21,693 | €21,945 | €20,340 | - | - |
| Trade debts44 | €9,476 | €2,387 | €7,508 | €8,465 | €6,064 | ▼ 28.4% |
| Suppliers440/4 | €9,476 | €2,387 | €7,508 | €8,465 | €6,064 | ▼ 28.4% |
| Taxes, remuneration and social security45 | €826 | €443 | €788 | €9,264 | - | - |
| Taxes450/3 | €826 | €443 | €788 | €9,264 | - | - |
| Other amounts payable47/48 | €74,108 | €37,408 | €37,408 | €141,408 | €95,127 | ▼ 32.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,050 | €23,950 | -€16,211 | €44,533 | -€209,969 | ▼ 571% |
| + Depreciation and write-downs630 | €19,294 | €19,294 | €23,139 | €23,139 | €272,294 | ▲ 1,077% |
| Operating cash flow (approximation) | €24,344 | €43,244 | €6,928 | €67,671 | €62,325 | ▼ 7.9% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€2.7m | - |
| Change in cash | - | -€50,657 | -€39,243 | €120,833 | -€11,368 | ▼ 109% |
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
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 24 days late
13-08
State Gazette act
RestructuringShareholding · Board composition · Capital24 facts ▸
State Gazette act
Restructuring
Shareholding · Board composition · Capital24 facts ▸
- Shareholding, 1000, 100
- Board composition, Mohammed Chahboun (non-statutory director)
- Board composition, Abdelaziz Chahboun (non-statutory director)
- Board composition, Marwa Chahboun (non-statutory director)
- Capital, €3.037.612,75
- Shareholding, 156, 5
- Shareholding, 156, 5
- Net-asset statement, EUR, 275518.45
- Capital, €312.000
- Shareholding, détient l'intégralité des actions représentatives de la société
- Other statement, rapport d'échange et émission d'actions nouvelles, toutes les actions sont détenues par la société absorbante
- Accounting effect, 01-01-2026
- +12 further facts in this act
25-02
State Gazette act
Statutes amendment · RestructuringMerger · Accounting effect · Capital12 facts ▸
State Gazette act
Statutes amendment · Restructuring
Merger · Accounting effect · Capital12 facts ▸
- Board meeting, 06-02-2026
- Merger
- Accounting effect, 01-01-2026
- Capital, €120.000
- Capital, €312.000
- Shareholding, 1000 actions (100%)
- Shareholding, 2808 actions (90%)
- Shareholding, 156 actions (5%)
- Shareholding, 156 actions (5%)
- Exchange ratio, none
- Procedure, unanimité (art. 12:25, 2e alinéa CSA)
- Tax treatment, neutralité fiscale (art. 211 CIR), TVA continuity (art. 11 & 18 §3), exemption from registration duties (art. 117 §2 & 120 §3)
2025
31-12
Financial
Weakest financial yearnet -€209,969
Net result drops to -€209,969, the lowest in the series.
31-12
Financial
Equity above €2mEq €3.0m ▲411%
Equity rises from €594,665 to €3.0m.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 28 days late
2024
31-12
Financial
Back to profitnet €44,533
Net result €44,533 after one loss-making year.
26-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 87 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
21-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 113 days late
2021
31-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 92 days late
2020
15-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 46 days late
Show earlier events
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
2 of 7 acts read
About the unread acts
Of the 7 Belgian State Gazette acts we know for this company, 2 have been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
No directors read yet: 2 of 7 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Anderlecht · 1 establishment unit since 2000
Ground area
1,601 m²
Building footprint
997 m²
Volume, LiDAR
6,042 m³
2 parcels, Brussels · tallest building 12.2 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
BEL-TRADING SA
since 20002.093.984.431
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21308H0515/00S009 | Brussels | 1,468 m² | 1 · 997 m² | 12.2 m · 2 fl. |
| 21308H0515/00T002 | Brussels | 134 m² | - | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Articles of association
Purpose
Toutes activités quelconques se rapportant directement ou indirectement à: l'import-export, la vente en gros et en détail de tous produits alimentaires et produits ménagers, de la…
Full purpose (6 activities)
- Toutes activités quelconques se rapportant directement ou indirectement à: l'import-export, la vente en gros et en détail de tous produits alimentaires et produits ménagers, de la boulangerie, ainsi que les articles cadeaux.
- Toutes activités se rapportant à l'immobilier, notamment l'achat, la vente, le lotissement, la mise en valeur de tous biens immeubles bâtis ou non, à l'exception de courtage.
- Faire commerce de tous produits dans le domaine de l'industrie alimentaire, de la boucherie, boulangerie, poissonnerie; l'import-export, la vente, la fabrication de tous produits, articles et marchandises multiples ainsi que le commerce en gros et au détail en articles divers, de véhicules à moteur neufs ou d'occasion, ainsi que les pièces détachées et accessoires se rapportant à ceux-ci, tous matériels industriels et agricoles, le commerce de gros et de détail, l'import-export des appareils et accessoires pour le chauffage central, appareils et articles de sanitaires, machines, appareils et matériels électriques, ventilations, refroidissement, conditionnement d'air, maintenance et entretien des ascenseurs et leur équipement et matériaux de construction et d'appareils sanitaires et de plomberie et le bois;
- L'exploitation d'agences commerciales et la représentation de firmes belges et étrangères.
- Faire tous actes, transactions ou opérations généralement quelconques, commerciales, industrielles, financières, mobilières ou immobilières se rapportant directement ou indirectement à son objet social ou qui seront de nature à en faciliter ou développer la réalisation, elle peut garantir des biens immobiliers à des tiers.
- Réaliser son objet social, soit par action directe, soit en prenant des intérêts dans des entreprises ou sociétés, en tout ou en partie, similaires ou connexes.
Other statement
Tous les frais non provisionnés dans l'une ou l'autre des sociétés, frais en cas d'approbation
3 more provisions on this in the deed
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2022 list no shareholders, and no other source names one.
Holdings 1
- CHD-IMMOsubsidiaryEquity €120,000Result -€6,573100%
According to the 2022 annual accounts of CHAWBEL and those of the other companies, the acts in the Belgian Gazette and the LEI register. 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 fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionTook over:CHD IMMO
Capital and shareholders
Shareholders according to the acts
Stated in the act
act of 13-08-2026 ↗
- Abdelaziz Chahboun 156 shares · 5%
- Marwa Chahboun 156 shares · 5%
- Mohammed Chahboun 2,808 shares · 90%
Stated in the act
act of 25-02-2026 ↗
- Mohammed Chahboun
- Abdelaziz Chahboun
- Marwa Chahboun
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Capital over the years
- 13-08-2026 Capital stated in the act · 3,037,612.75 EUR · 3,120 shares
- 25-02-2026 Capital stated in the act · 312,000 EUR
Company details
Identification
Legal formPublic limited company
Founded21-12-1999
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0468501090
Registered
25-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.