CHAXX
InactiveCHAXX was declared bankrupt on 10-10-2023 (Ondernemingsrechtbank Gent, afdeling Brugge); the bankruptcy was closed for insufficient assets by judgment of 07-04-2025, published in the Belgian State Gazette on 10-04-2025.
Summary
Inactive; last annual accounts for fiscal year 2022.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 3 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline30-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 31-08-2023, 31 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
31 d late
2021
4 d early
2020
11 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 5 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 (1)
History
Financials · fiscal year 2022, micro schema
Equity
-€73,028▼ 63.8%
2021 · -€44,583
Total assets
€23,214▼ 24.0%
2021 · €30,532
Net result
-€28,445▼ 108%
2021 · -€13,679
Working capital
-€39,833▼ 202%
2021 · -€13,209
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
Line202020212022
Operating result-€31,728--€11,161▲ 64.8%-€28,259▼ 153%
Net result-€31,904--€13,679▲ 57.1%-€28,445▼ 108%
Equity-€30,904--€44,583▼ 44.3%-€73,028▼ 63.8%
Total assets€30,241-€30,532▲ 1.0%€23,214▼ 24.0%
Debt€61,145-€75,115▲ 22.8%€96,242▲ 28.1%
Working capital-€29,996--€13,209▲ 56.0%-€39,833▼ 202%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €28,259 in 2022 against €11,161 in 2021; the loss grows.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €23,214
Fixed assets
€20,805 ▼ 8.0%
Current assets
€2,409 ▼ 69.5%
Key figures and ratios
EBITDA
-€22,771▼
2021 · -€5,795
Cash flow
-€22,957▼
2021 · -€8,313
Solvency
-314.6%▼
2021 · -146.0%
Current ratio
0.06▼
2021 · 0.37
Debt to equity
-1.32▲
2021 · -1.68
ROA
-122.5%▼
2021 · -44.8%
Interest coverage
-122.50▼
2021 · -2.21
Debt ≤ 1 year
€42,242▲
2021 · €21,115
Debt > 1 year
€54,000=
2021 · €54,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,115 | €5,366 | €5,488 | ▲ 2.3% |
| Other operating charges640/8 | - | €1,223 | €466 | ▼ 61.9% |
| Gross operating margin9900 | -€25,836 | -€4,572 | -€22,305 | ▼ 388% |
| Operating profit (loss)9901 | -€31,728 | -€11,161 | -€28,259 | ▼ 153% |
| Financial income75/76B | - | €105 | €0 | ▼ 100.0% |
| Recurring financial income75 | €613 | €105 | €0 | ▼ 100.0% |
| Financial charges65/66B | - | €2,623 | €186 | ▼ 92.9% |
| Recurring financial charges65 | €790 | €2,623 | €186 | ▼ 92.9% |
| Profit (loss) for the period before taxes9903 | -€31,904 | -€13,679 | -€28,445 | ▼ 108% |
| Profit (loss) for the period9904 | -€31,904 | -€13,679 | -€28,445 | ▼ 108% |
| Profit (loss) for the period to be appropriated9905 | -€31,904 | -€13,679 | -€28,445 | ▼ 108% |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €30,241 | €30,532 | €23,214 | ▼ 24.0% |
| Fixed assets21/28 | €24,092 | €22,626 | €20,805 | ▼ 8.0% |
| Tangible fixed assets22/27 | €16,292 | €14,826 | €10,080 | ▼ 32.0% |
| Plant, machinery and equipment23 | - | €10,828 | €7,181 | ▼ 33.7% |
| Furniture and vehicles24 | - | €3,998 | €2,899 | ▼ 27.5% |
| Financial fixed assets28 | €7,800 | €7,800 | €10,725 | ▲ 37.5% |
| Current assets29/58 | €6,149 | €7,906 | €2,409 | ▼ 69.5% |
| Stocks and contracts in progress3 | €975 | - | - | - |
| Amounts receivable within one year40/41 | - | €7,617 | €1,732 | ▼ 77.3% |
| Trade receivables40 | - | €5,911 | €1,732 | ▼ 70.7% |
| Other amounts receivable41 | - | €1,705 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €5,174 | €289 | €677 | ▲ 134% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €30,241 | €30,532 | €23,214 | ▼ 24.0% |
| Equity10/15 | -€30,904 | -€44,583 | -€73,028 | ▼ 63.8% |
| Contributions10/11 | - | €1,000 | €1,000 | = |
| Profit (loss) carried forward14 | -€31,904 | -€45,583 | -€74,028 | ▼ 62.4% |
| Amounts payable17/49 | €61,145 | €75,115 | €96,242 | ▲ 28.1% |
| Amounts payable after more than one year17 | €25,000 | €54,000 | €54,000 | = |
| Financial debts170/4 | - | €54,000 | €54,000 | = |
| Amounts payable within one year42/48 | €36,145 | €21,115 | €42,242 | ▲ 100% |
| Current portion of amounts payable after more than one year42 | - | €3,465 | €154 | ▼ 95.6% |
| Trade debts44 | €23,238 | €13,895 | €12,342 | ▼ 11.2% |
| Suppliers440/4 | - | €13,895 | €12,342 | ▼ 11.2% |
| Advances received on contracts in progress46 | - | - | €5,672 | - |
| Taxes, remuneration and social security45 | - | €3,546 | €351 | ▼ 90.1% |
| Taxes450/3 | - | €3,546 | €351 | ▼ 90.1% |
| Other amounts payable47/48 | - | €209 | €23,723 | ▲ 11,238% |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€31,904 | -€13,679 | -€28,445 | ▼ 108% |
| + Depreciation and write-downs630 | €4,115 | €5,366 | €5,488 | ▲ 2.3% |
| Operating cash flow (approximation) | -€27,789 | -€8,313 | -€22,957 | ▼ 176% |
| Investment in fixed assets (approximation) | - | -€3,900 | -€3,667 | ▲ 6.0% |
| Change in cash | - | -€4,885 | €388 | ▲ 108% |
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
2025
10-04
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Brugge · event 07-04-2025
2023
31-10
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Brugge · event 10-10-2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
SignalNBB filing
0 of 7 acts read
About the unread acts
We know of 7 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
7 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | BRAM WALSCHAP ZANDTIENDE 23, 8310 02 BRUGGE
(ASSEBROEK) |
10-10-2023 → 07-04-2025 |