CHAYELL
ActiveCHAYELL has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-26k) and a net result of €-41k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 45 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
32
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency0▼-44
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.27 against 0.51 in 2024; short-term debt: 138% and cash: 17.2% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 84
Relative position
BE, all sectors
reference
Sector 84
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-38%
Return on assets
-61.5%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year €-26k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 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 · 7 filingsDeviation from the deadline
2025
18 d late
2024
29 d late
2023
26 d late
2022
22 d late
2021
28 d early
2020
39 d early
2019
27 d late
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-26k
2024 · €16k
2020: €132k
2021: €190k
2022: €40k
2023: €70k
2024: €16k
2020 → 2025
Total assets
€67k▼ 19.6%
2024 · €84k
2020: €187k
2021: €208k
2022: €141k
2023: €165k
2024: €84k
2020 → 2025
Net result
€-41k▲ 23.0%
2024 · €-54k
2020: €105k
2021: €57k
2022: €39k
2023: €30k
2024: €-54k
2020 → 2025
Working capital
€-68k▼ 107%
2024 · €-33k
2020: €95k
2021: €151k
2022: €5k
2023: €7k
2024: €-33k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€190k-€40k▼ 78.9%€70k▲ 74.0%€16k▼ 77.2%€-26k
Operating result€73k-€56k▼ 23.3%€43k▼ 22.6%€-53k€-41k▲ 22.7%
Net result€57k-€39k▼ 31.9%€30k▼ 24.1%€-54k€-41k▲ 23.0%
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 €41k in 2025 against €53k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €67k
Fixed assets
€43k▼ 13.8%
Current assets
€25k▼ 27.9%
Key figures and ratios
EBITDA
€-32k▲
2024 · €-38k
Cash flow
€-32k▲
2024 · €-39k
Solvency
-38.0%▼
2024 · 18.9%
Current ratio
0.27▼
2024 · 0.51
Quick ratio
0.27▼
2024 · 0.51
Debt / equity
-3.63▼
2024 · 4.28
ROA
-61.5%▲
2024 · -64.3%
Interest coverage
-229.82▼
2024 · -173.84
Debt
€93k▲
2024 · €68k
Debt ≤ 1 year
€93k▲
2024 · €67k
Income taxes
€761▲
2024 · €745
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€84k€67k▼
Fixed assets21/28€49k€43k▼
Tangible fixed assets22/27€49k€43k▼
Plant, machinery and equipment23-€1k
Furniture and vehicles24€4k€2k▼
Other tangible fixed assets26€45k€40k▼
Current assets29/58€34k€25k▼
Amounts receivable within one year40/41€2k€11k▲
Trade receivables40€1k€11k▲
Other amounts receivable41€622€265▼
Cash at bank and in hand54/58€31k€12k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€84k€67k▼
Equity10/15€16k€-26k▼
Contributions10/11€1k€1k=
Reserves13€69k€69k=
Distributable reserves133€69k€69k=
Profit (loss) carried forward14€-54k€-95k▼
Amounts payable17/49€68k€93k▲
Amounts payable within one year42/48€67k€93k▲
Trade debts44€5k€3k▼
Suppliers440/4€5k€3k▼
Taxes, remuneration and social security45€1k€761▼
Taxes450/3€1k€761▼
Remuneration and social security454/9€0-
Other amounts payable47/48€61k€89k▲
Accrued charges and deferred income492/3€587€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€9k▼
Other operating charges640/8€2k€2k▼
Gross operating margin9900€-36k€-30k▲
Operating profit (loss)9901€-53k€-41k▲
Financial income75/76B€23€348▲
Recurring financial income75€23€348▲
Financial charges65/66B€219€138▼
Recurring financial charges65€219€138▼
Profit (loss) for the period before taxes9903€-53k€-41k▲
Income taxes67/77€745€761▲
Profit (loss) for the period9904€-54k€-41k▲
Profit (loss) for the period to be appropriated9905€-54k€-41k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-54k€-95k▼
Profit (loss) brought forward from the previous period14P-€-54k
Transfer to equity691/2€0-
To other reserves6921€0-
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
18-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 18 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €-54k ▼282%
Net result drops to €-54k, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
03-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity triplescurrent ratio 9.27
Current ratio from 2.73 to 9.27; short-term debt falls from €55k to €18k.
31-12
Financial
Equity above €150kEq €190k ▲43.3%
2 profitable years in a row build equity to €190k.
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Merelbeke-Melle · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Wilgenstraat 189820 Merelbeke-MelleGround area
825 m²
Building footprint
174 m²
Volume, LiDAR
1,162 m³
Parcel 44412B0444/00R000, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CHAYELL
since 20192.300.329.858
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44412B0444/00R000 | Flanders | 824 m² | 1 · 174 m² | 9.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 145 companies in sector 84120 we hold annual accounts for 37. 8 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-12-2019
Fiscal year end31-12
Activities, NACEBEL
84120Public administration and defence; compulsory social security
84130Public administration and defence; compulsory social security
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.