CHAX MASTER
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Source: KBO register
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The procedure
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What to do now
- Do not deliver on credit any more without an agreement with the curator.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 22-05-2024, 70 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2023
70 d early
2022
46 d early
2021
69 d early
2020
3 d late
2019
91 d late
2018
14 d early
2017
18 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 18 days before the deadline; the sector median for financial year 2023 is 2 days before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?Process a list How is the Investigation and private security services sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, micro schema
Equity
€50,248▲ 46.2%
2022 · €34,375
Total assets
€161,798▲ 7.2%
2022 · €150,976
Net result
€15,873▲ 27.3%
2022 · €12,469
Working capital
€89,004▲ 9.3%
2022 · €81,455
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
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.Sector: the middle half (P25 to P75) of NACE 80, Investigation and security activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result-€44,349-€88,999▼ 101%€38,691€8,471▼ 78.1%€22,520▲ 166%
Net result-€40,158-€86,670below the sector's middle half▼ 116%€41,202above the sector's middle half€12,469within the sector's middle half▼ 69.7%€15,873within the sector's middle half▲ 27.3%
Equity€67,373▼ 30.5%-€19,297below the sector's middle half€21,906within the sector's middle half€34,375within the sector's middle half▲ 56.9%€50,248within the sector's middle half▲ 46.2%
Total assets€186,565▼ 0.3%€101,932within the sector's middle half▼ 45.4%€130,682within the sector's middle half▲ 28.2%€150,976within the sector's middle half▲ 15.5%€161,798within the sector's middle half▲ 7.2%
Debt€119,192▲ 32.1%€121,228▲ 1.7%€108,776▼ 10.3%€116,601▲ 7.2%€111,550▼ 4.3%
Working capital€65,693▼ 31.0%€27,523within the sector's middle half▼ 58.1%€68,986within the sector's middle half▲ 151%€81,455within the sector's middle half▲ 18.1%€89,004within the sector's middle half▲ 9.3%
Solvency36.1%▼ 15.7pp-18.9%below the sector's middle half▼ 55.0pp16.8%within the sector's middle half▲ 35.7pp22.8%within the sector's middle half▲ 6.0pp31.1%within the sector's middle half▲ 8.3pp
Current ratio1.55▼ 0.501.39within the sector's middle half▼ 0.162.17within the sector's middle half▲ 0.792.22within the sector's middle half▲ 0.052.27within the sector's middle half▲ 0.05
Return on assets (ROA)-21.5%▼ 31.4pp-85.0%below the sector's middle half▼ 63.5pp31.5%above the sector's middle half▲ 116.6pp8.3%within the sector's middle half▼ 23.3pp9.8%within the sector's middle half▲ 1.6pp
Staff (FTE)4.1▲ 2.5%3within the sector's middle half▼ 26.8%1.4▼ 53.3%1.5▲ 7.1%
above
within
below
the middle half (P25 to P75) of NACE 80, Investigation and security activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2023; 2023 is 166% above 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €161,798
Fixed assets
€2,920 =
Current assets
€158,878 ▲ 7.3%
Equity and liabilities €161,798
Equity
€50,248 ▲ 46.2%
Debt
€111,550 ▼ 4.3%
Debt's share of the balance-sheet total falls from 77.2% to 68.9%. Equity is higher and debt is lower.
Key figures and ratios
Debt to equity
2.22▼
2022 · 3.39
ROE
31.6%▼
2022 · 36.3%
Debt ≤ 1 year
€69,873▲
2022 · €66,601
Debt > 1 year
€41,676▼
2022 · €50,000
Income taxes
€5,935
Staff costs
€217▼
2022 · €98,281
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €19,507 | €98,281 | €217 | ▼ 99.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €24,313 | - |
| Other operating charges640/8 | - | - | €711 | €43,697 | €8,883 | ▼ 79.7% |
| Gross operating margin9900 | €110,666 | €53,939 | €58,909 | €150,449 | €55,933 | ▼ 62.8% |
| Operating profit (loss)9901 | -€44,349 | -€88,999 | €38,691 | €8,471 | €22,520 | ▲ 166% |
| Financial income75/76B | - | - | €4,331 | €5,084 | €6,900 | ▲ 35.7% |
| Recurring financial income75 | €5,814 | €5,335 | €4,331 | €5,084 | €6,900 | ▲ 35.7% |
| Financial charges65/66B | - | - | €1,820 | €1,085 | €7,612 | ▲ 602% |
| Recurring financial charges65 | €1,467 | €3,006 | €1,820 | €1,085 | €7,612 | ▲ 602% |
| Profit (loss) for the period before taxes9903 | -€40,001 | -€86,670 | €41,202 | €12,469 | €21,808 | ▲ 74.9% |
| Income taxes67/77 | €157 | - | - | - | €5,935 | - |
| Profit (loss) for the period9904 | -€40,158 | -€86,670 | €41,202 | €12,469 | €15,873 | ▲ 27.3% |
| Profit (loss) for the period to be appropriated9905 | -€40,158 | -€86,670 | €41,202 | €12,469 | €15,873 | ▲ 27.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €186,565 | €101,932 | €130,682 | €150,976 | €161,798 | ▲ 7.2% |
| Fixed assets21/28 | €1,680 | €3,180 | €2,920 | €2,920 | €2,920 | = |
| Financial fixed assets28 | €1,680 | €3,180 | €2,920 | €2,920 | €2,920 | = |
| Current assets29/58 | €184,885 | €98,752 | €127,762 | €148,056 | €158,878 | ▲ 7.3% |
| Amounts receivable within one year40/41 | €167,796 | €86,929 | €114,801 | €147,879 | €157,568 | ▲ 6.6% |
| Trade receivables40 | - | - | €72,005 | €42,192 | €2,216 | ▼ 94.7% |
| Other amounts receivable41 | - | - | €42,796 | €105,687 | €155,352 | ▲ 47.0% |
| Cash at bank and in hand54/58 | €17,089 | €10,063 | €12,211 | €64 | €1,309 | ▲ 1,941% |
| Deferred charges and accrued income490/1 | - | - | €750 | €113 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €186,565 | €101,932 | €130,682 | €150,976 | €161,798 | ▲ 7.2% |
| Equity10/15 | €67,373 | -€19,297 | €21,906 | €34,375 | €50,248 | ▲ 46.2% |
| Contributions10/11 | €18,600 | - | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | - | - | €18,600 | €18,600 | €18,600 | = |
| Other1109/19 | - | - | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €46,913 | -€39,757 | €1,446 | €13,915 | €29,788 | ▲ 114% |
| Amounts payable17/49 | €119,192 | €121,228 | €108,776 | €116,601 | €111,550 | ▼ 4.3% |
| Amounts payable after more than one year17 | - | €50,000 | €50,000 | €50,000 | €41,676 | ▼ 16.6% |
| Financial debts170/4 | - | - | €50,000 | €50,000 | €41,676 | ▼ 16.6% |
| Amounts payable within one year42/48 | €119,192 | €71,228 | €58,776 | €66,601 | €69,873 | ▲ 4.9% |
| Trade debts44 | €76,374 | €59,123 | €41,634 | €42,421 | €43,855 | ▲ 3.4% |
| Suppliers440/4 | - | - | €41,634 | €42,421 | €43,855 | ▲ 3.4% |
| Taxes, remuneration and social security45 | - | - | €17,013 | €24,180 | €26,018 | ▲ 7.6% |
| Taxes450/3 | - | - | €14,641 | €15,765 | €26,018 | ▲ 65.0% |
| Remuneration and social security454/9 | - | - | €2,372 | €8,415 | - | - |
| Other amounts payable47/48 | - | - | €129 | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€40,158 | -€86,670 | €41,202 | €12,469 | €15,873 | ▲ 27.3% |
| Operating cash flow (approximation) | -€40,158 | -€86,670 | €41,202 | €12,469 | €15,873 | ▲ 27.3% |
| Investment in fixed assets (approximation) | - | -€1,500 | €260 | €0 | €0 | - |
| Change in cash | - | -€7,026 | €2,148 | -€12,146 | €1,245 | ▲ 110% |
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
2024
22-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
23-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €41,202
Net result €41,202 after 2 loss-making years.
03-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 3 days late
2020
31-12
Financial
Weakest financial yearnet -€86,670
Net result drops to -€86,670, the lowest in the series.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 26 days late
2015
14-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 14 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Elsene · 1 establishment unit since 2014
Ground area
9,866 m²
Building footprint
3,302 m²
Volume, LiDAR
55,175 m³
2 parcels, Brussels · tallest building 25.7 m, ±6 floors. Linked by address, not a title deed.
27
companies at this address
See who is registered here
1 establishment unit
Paapsemlaan 11 b, 1070 Anderlecht
since 20142.224.061.332
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21306D0299/00C003 | Brussels | 6,188 m² | 1 · 700 m² | 18.8 m · 5 fl. |
| 21442A0284/00D002 | Brussels | 3,678 m² | 1 · 2,601 m² | 25.7 m · 6 fl. |
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.
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Of 700 companies in this sector we hold annual accounts for 350. 257 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded03-07-2013
Fiscal year end31-12
Activities, NACEBEL 2025
80010Investigation and private security services
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 1 October 2026 · Peppol Directory
General meetings
1 convocationGeneral meeting
Scores and ratios are computed by Checked and are not a credit decision.