CHAYEB
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 52 days after the deadline Filed on 21 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00523127.
Annual accounts 2025 filed on 21-09-2026 at the NBB all 3 filings
Turnover
€24,007▲ 43.1%
2023 · €16,781
EBIT margin
19.2%▲ 40.3pp
2023 · -21.1%
Net result
€4,527▲ 209%
2024 · €1,466
Working capital
€5,400
2024 · -€2,127
Multi-year overview
2023 to 2025, 3 financial yearsTurnover
€24,007
2025
20232025
Operating result
€4,617
▲ 220%
2025
20232025
Net result
€4,527
▲ 209%
2025
middle half of the sector
20232025
EBIT margin
19.2%
2025
20232025
Equity
€5,400
2025
middle half of the sector
20232025
Total assets
€6,763
▲ 208%
2025
lowest quarter of the sector
20232025
Debt
€1,363
▼ 68.5%
2025
20232025
Working capital
€5,400
2025
middle half of the sector
20232025
Solvency
79.9%
2025
highest quarter of the sector
20232025
Current ratio
4.96
2025
highest quarter of the sector
20232025
Return on assets (ROA)
66.9%
2025
highest quarter of the sector
20232025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202320242025
Turnover€16,781-€24,007
Operating result-€3,533-€1,441€4,617▲ 220%
Net result-€3,592within the sector's middle half-€1,466within the sector's middle half€4,527within the sector's middle half▲ 209%
EBIT margin-21.1%-19.2%
Equity-€3,592within the sector's middle half--€2,127within the sector's middle half▲ 40.8%€5,400within the sector's middle half
Total assets€949below the sector's middle half-€2,195below the sector's middle half▲ 131%€6,763below the sector's middle half▲ 208%
Debt€4,542-€4,322▼ 4.8%€1,363▼ 68.5%
Working capital-€3,592within the sector's middle half--€2,127within the sector's middle half▲ 40.8%€5,400within the sector's middle half
Solvency79.9%above the sector's middle half
Current ratio4.96above the sector's middle half
Return on assets (ROA)66.9%above the sector's middle half
above
within
below
The sector band is the middle half of the companies in Personal service activities (NACE 96). 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 3.2 times that of 2024 and the highest since 2023. It is the second rise in a row.
Balance-sheet composition
Equity and liabilities €6,763
Equity
€5,400
Debt
€1,363
Debt's share of the balance-sheet total is 20.1%.
Key figures and ratios
Debt to equity
0.25
ROE
83.8%
Debt ≤ 1 year
€1,363▼
2024 · €4,322
Customer credit
95 days
Supplier credit
1 day▼
2024 · 14 days
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Turnover70 | €16,781 | - | €24,007 | - |
| Goods, raw materials, services and sundry goods60/61 | €20,221 | €20,564 | €18,450 | ▼ 10.3% |
| Remuneration, social security and pensions62 | - | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €0 | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €0 | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €0 | - | - |
| Other operating charges640/8 | €93 | €187 | €940 | ▲ 402% |
| Operating charges capitalised as restructuring costs649 | - | €0 | - | - |
| Gross operating margin9900 | -€3,440 | €1,628 | €5,557 | ▲ 241% |
| Operating profit (loss)9901 | -€3,533 | €1,441 | €4,617 | ▲ 220% |
| Financial income75/76B | - | €0 | €188 | - |
| Recurring financial income75 | - | €0 | €188 | - |
| Financial charges65/66B | €59 | -€25 | €278 | - |
| Recurring financial charges65 | €59 | -€25 | €278 | - |
| Profit (loss) for the period before taxes9903 | -€3,592 | €1,466 | €4,527 | ▲ 209% |
| Transfer from deferred taxes780 | - | €0 | - | - |
| Transfer to deferred taxes680 | - | €0 | - | - |
| Income taxes67/77 | - | €0 | - | - |
| Profit (loss) for the period9904 | -€3,592 | €1,466 | €4,527 | ▲ 209% |
| Transfer from tax-exempt reserves789 | - | €0 | - | - |
| Transfer to tax-exempt reserves689 | - | €0 | - | - |
| Profit (loss) for the period to be appropriated9905 | -€3,592 | €1,466 | €4,527 | ▲ 209% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €949 | €2,195 | €6,763 | ▲ 208% |
| Formation expenses20 | - | €0 | - | - |
| Fixed assets21/28 | - | €0 | - | - |
| Intangible fixed assets21 | - | €0 | - | - |
| Tangible fixed assets22/27 | - | €0 | - | - |
| Land and buildings22 | - | €0 | - | - |
| Plant, machinery and equipment23 | - | €0 | - | - |
| Furniture and vehicles24 | - | €0 | - | - |
| Leasing and similar rights25 | - | €0 | - | - |
| Other tangible fixed assets26 | - | €0 | - | - |
| Assets under construction and advance payments27 | - | €0 | - | - |
| Financial fixed assets28 | - | €0 | - | - |
| Current assets29/58 | €949 | €2,195 | €6,763 | ▲ 208% |
| Amounts receivable after more than one year29 | - | €0 | - | - |
| Trade receivables290 | - | €0 | - | - |
| Other amounts receivable291 | - | €0 | - | - |
| Stocks and contracts in progress3 | - | €0 | - | - |
| Stocks30/36 | - | €0 | - | - |
| Contracts in progress37 | - | €0 | - | - |
| Amounts receivable within one year40/41 | €567 | €0 | €6,217 | - |
| Trade receivables40 | - | €0 | - | - |
| Other amounts receivable41 | €567 | €0 | €6,217 | - |
| Current investments50/53 | - | €0 | - | - |
| Cash at bank and in hand54/58 | €382 | €2,195 | €546 | ▼ 75.1% |
| Deferred charges and accrued income490/1 | - | €0 | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €949 | €2,195 | €6,763 | ▲ 208% |
| Equity10/15 | -€3,592 | -€2,127 | €5,400 | - |
| Contributions10/11 | - | €0 | €3,000 | - |
| Revaluation surpluses12 | - | €0 | - | - |
| Reserves13 | - | €0 | - | - |
| Non-distributable reserves130/1 | - | €0 | - | - |
| Reserves not available under the articles1311 | - | €0 | - | - |
| Own shares acquired1312 | - | €0 | - | - |
| Financial assistance1313 | - | €0 | - | - |
| Other1319 | - | €0 | - | - |
| Tax-exempt reserves132 | - | €0 | - | - |
| Distributable reserves133 | - | €0 | - | - |
| Profit (loss) carried forward14 | -€3,592 | -€2,127 | €2,400 | - |
| Investment grants15 | - | €0 | - | - |
| Advance to shareholders on the distribution of net assets19 | - | €0 | - | - |
| Provisions and deferred taxes16 | - | €0 | - | - |
| Provisions for liabilities and charges160/5 | - | €0 | - | - |
| Pensions and similar obligations160 | - | €0 | - | - |
| Taxes161 | - | €0 | - | - |
| Major repairs and maintenance162 | - | €0 | - | - |
| Environmental obligations163 | - | €0 | - | - |
| Other liabilities and charges164/5 | - | €0 | - | - |
| Deferred taxes168 | - | €0 | - | - |
| Amounts payable17/49 | €4,542 | €4,322 | €1,363 | ▼ 68.5% |
| Amounts payable after more than one year17 | - | €0 | - | - |
| Financial debts170/4 | - | €0 | - | - |
| Trade debts175 | - | €0 | - | - |
| Advances received on contracts in progress176 | - | €0 | - | - |
| Other amounts payable178/9 | - | €0 | - | - |
| Amounts payable within one year42/48 | €4,542 | €4,322 | €1,363 | ▼ 68.5% |
| Current portion of amounts payable after more than one year42 | - | €0 | - | - |
| Financial debts43 | - | €0 | - | - |
| Credit institutions430/8 | - | €0 | - | - |
| Other loans439 | - | €0 | - | - |
| Trade debts44 | €1,592 | €802 | €64 | ▼ 92.0% |
| Suppliers440/4 | €1,592 | €802 | €64 | ▼ 92.0% |
| Bills of exchange payable441 | - | €0 | - | - |
| Advances received on contracts in progress46 | - | €0 | - | - |
| Taxes, remuneration and social security45 | €1,600 | €175 | €1,299 | ▲ 641% |
| Taxes450/3 | €1,600 | €175 | €1,299 | ▲ 641% |
| Remuneration and social security454/9 | - | €0 | - | - |
| Other amounts payable47/48 | €1,349 | €3,344 | - | - |
| Accrued charges and deferred income492/3 | - | €0 | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,592 | €1,466 | €4,527 | ▲ 209% |
| + Depreciation and write-downs630 | - | €0 | - | - |
| Operating cash flow (approximation) | -€3,592 | €1,466 | €4,527 | ▲ 209% |
| Change in cash | - | €1,813 | -€1,649 | - |
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, 39,278 companies had the same profile as CHAYEB has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.8%
was still going
2.3%
stopped otherwise
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CHAYEB 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 39,278 companies, not a prediction for CHAYEB. 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.