CHD
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 24-04-2026 PDF all 9 filings
Turnover
≈ €140,000
Estimated: probably between €100,000 and €220,000
EBIT margin
Not included in this filing
Net result
€188,125▲ 23.7%
2024 · €152,061
Working capital
-€198,336▼ 15.2%
2024 · -€172,206
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€69,102
▲ 2.5%
2025
20182025
Net result
€188,125
▲ 23.7%
2025
middle half of the sector
20182025
Equity
€333,472
▲ 23.3%
2025
middle half of the sector
20182025
Total assets
€950,292
=
2025
middle half of the sector
20182025
Debt
€616,820
▼ 9.2%
2025
20182025
Working capital
-€198,336
▼ 15.2%
2025
middle half of the sector
20182025
Solvency
35.1%
▲ 6.6pp
2025
middle half of the sector
20182025
Current ratio
0.13
▼ 0.01
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
19.8%
▲ 3.8pp
2025
highest quarter of the sector
20182025
Staff (FTE)
0
2025
lowest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€24,890-€35,456▲ 42.5%€27,944▼ 21.2%€56,314▲ 102%€43,463▼ 22.8%€76,009▲ 74.9%€67,423▼ 11.3%€69,102▲ 2.5%
Net result€10,144-€17,526▲ 72.8%€15,828within the sector's middle half▼ 9.7%€26,275within the sector's middle half▲ 66.0%€94,259within the sector's middle half▲ 259%€159,547within the sector's middle half▲ 69.3%€152,061within the sector's middle half▼ 4.7%€188,125within the sector's middle half▲ 23.7%
Equity€27,163-€43,877▲ 61.5%€59,705below the sector's middle half▲ 36.1%€85,980within the sector's middle half▲ 44.0%€118,739within the sector's middle half▲ 38.1%€213,286within the sector's middle half▲ 79.6%€270,347within the sector's middle half▲ 26.8%€333,472within the sector's middle half▲ 23.3%
Total assets€341,780-€327,628▼ 4.1%€321,782below the sector's middle half▼ 1.8%€951,350within the sector's middle half▲ 196%€960,015within the sector's middle half▲ 0.9%€980,153within the sector's middle half▲ 2.1%€949,940within the sector's middle half▼ 3.1%€950,292within the sector's middle half=
Debt€314,617-€283,751▼ 9.8%€262,077▼ 7.6%€865,370▲ 230%€841,275▼ 2.8%€766,867▼ 8.8%€679,593▼ 11.4%€616,820▼ 9.2%
Working capital-€35,498--€36,934▼ 4.0%-€51,336within the sector's middle half▼ 39.0%-€103,336within the sector's middle half▼ 101%-€154,455below the sector's middle half▼ 49.5%-€144,655below the sector's middle half▲ 6.3%-€172,206below the sector's middle half▼ 19.0%-€198,336within the sector's middle half▼ 15.2%
Solvency7.9%-13.4%▲ 5.4pp18.6%within the sector's middle half▲ 5.2pp9.0%below the sector's middle half▼ 9.5pp12.4%below the sector's middle half▲ 3.3pp21.8%within the sector's middle half▲ 9.4pp28.5%within the sector's middle half▲ 6.7pp35.1%within the sector's middle half▲ 6.6pp
Current ratio0.46-0.41▼ 0.050.27below the sector's middle half▼ 0.140.22below the sector's middle half▼ 0.050.19below the sector's middle half▼ 0.030.28below the sector's middle half▲ 0.090.14below the sector's middle half▼ 0.140.13below the sector's middle half▼ 0.01
Return on assets (ROA)3.0%-5.3%▲ 2.4pp4.9%within the sector's middle half▼ 0.4pp2.8%within the sector's middle half▼ 2.2pp9.8%within the sector's middle half▲ 7.1pp16.3%above the sector's middle half▲ 6.5pp16.0%above the sector's middle half▼ 0.3pp19.8%above the sector's middle half▲ 3.8pp
Staff (FTE)0below the sector's middle half0below the sector's middle half
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). 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 2% higher than in 2024. It is a recovery after the fall in 2024.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €950,292
Fixed assets
€920,739 ▼ 0.2%
Current assets
€29,553 ▲ 9.7%
Equity and liabilities €950,292
Equity
€333,472 ▲ 23.3%
Debt
€616,820 ▼ 9.2%
Debt's share of the balance-sheet total falls from 71.5% to 64.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€71,354▲
2024 · €69,682
Cash flow
€190,376▲
2024 · €154,320
Debt to equity
1.85▼
2024 · 2.51
ROE
56.4%▲
2024 · 56.2%
Interest coverage
8.49▲
2024 · 7.00
Debt ≤ 1 year
€227,890▲
2024 · €199,156
Debt > 1 year
€386,306▼
2024 · €479,124
Income taxes
€12,750▼
2024 · €15,579
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €607,704 | €607,704 | €524,283 | €439,774 | €354,124 |
| Pledge on the business | €607,704 | €916,714 | €916,714 | €916,714 | €916,714 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €4,001 | €4,848 | €2,096 | €1,221 | - |
| Financial fixed assets | €616,714 | - | - | - | - |
| Depreciation and write-downs of the year | €965 | €1,291 | €2,015 | €2,259 | €2,251 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €6,000 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,789 | €9,789 | €1,892 | €965 | €1,291 | €2,015 | €2,259 | €2,251 | ▼ 0.3% |
| Other operating charges640/8 | - | - | - | €944 | €1,181 | €1,763 | €1,217 | €1,168 | ▼ 4.0% |
| Gross operating margin9900 | €35,670 | €46,102 | €30,477 | €58,223 | €45,935 | €79,787 | €70,899 | €72,522 | ▲ 2.3% |
| Operating profit (loss)9901 | €24,890 | €35,456 | €27,944 | €56,314 | €43,463 | €76,009 | €67,423 | €69,102 | ▲ 2.5% |
| Financial income75/76B | - | - | - | €0 | €75,000 | €120,043 | €110,172 | €140,179 | ▲ 27.2% |
| Recurring financial income75 | €12 | €6 | - | €0 | €75,000 | €120,043 | €110,172 | €140,179 | ▲ 27.2% |
| Financial charges65/66B | - | - | - | €19,489 | €13,790 | €11,068 | €9,954 | €8,407 | ▼ 15.5% |
| Recurring financial charges65 | €6,111 | €5,520 | €4,702 | €19,489 | €12,005 | €11,068 | €9,954 | €8,407 | ▼ 15.5% |
| Non-recurring financial charges66B | - | - | - | - | €1,786 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €18,956 | €29,942 | €23,242 | €36,824 | €104,673 | €184,984 | €167,640 | €200,875 | ▲ 19.8% |
| Income taxes67/77 | €8,812 | €12,416 | €7,414 | €10,550 | €10,413 | €25,438 | €15,579 | €12,750 | ▼ 18.2% |
| Profit (loss) for the period9904 | €10,144 | €17,526 | €15,828 | €26,275 | €94,259 | €159,547 | €152,061 | €188,125 | ▲ 23.7% |
| Profit (loss) for the period to be appropriated9905 | €10,144 | €17,526 | €15,828 | €26,275 | €94,259 | €159,547 | €152,061 | €188,125 | ▲ 23.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €341,780 | €327,628 | €321,782 | €951,350 | €960,015 | €980,153 | €949,940 | €950,292 | = |
| Fixed assets21/28 | €311,548 | €301,759 | €302,425 | €922,175 | €923,947 | €924,028 | €922,990 | €920,739 | ▼ 0.2% |
| Tangible fixed assets22/27 | €11,548 | €1,759 | €2,425 | €5,461 | €7,233 | €7,314 | €6,276 | €4,025 | ▼ 35.9% |
| Furniture and vehicles24 | - | - | - | €5,461 | €5,487 | €3,825 | €3,180 | €1,323 | ▼ 58.4% |
| Other tangible fixed assets26 | - | - | - | - | €1,746 | €3,489 | €3,096 | €2,702 | ▼ 12.7% |
| Financial fixed assets28 | €300,000 | €300,000 | €300,000 | €916,714 | €916,714 | €916,714 | €916,714 | €916,714 | = |
| Current assets29/58 | €30,232 | €25,869 | €19,357 | €29,175 | €36,068 | €56,125 | €26,950 | €29,553 | ▲ 9.7% |
| Amounts receivable within one year40/41 | €23,000 | €9,000 | €10,000 | €6,819 | €5,043 | €20,097 | €0 | €2,304 | - |
| Trade receivables40 | - | - | - | €1,868 | €92 | €20,097 | €0 | - | - |
| Other amounts receivable41 | - | - | - | €4,950 | €4,950 | - | - | €2,304 | - |
| Cash at bank and in hand54/58 | €7,232 | €16,784 | €8,837 | €21,918 | €30,514 | €35,504 | €26,925 | €27,224 | ▲ 1.1% |
| Deferred charges and accrued income490/1 | - | - | - | €439 | €511 | €524 | €25 | €25 | = |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €341,780 | €327,628 | €321,782 | €951,350 | €960,015 | €980,153 | €949,940 | €950,292 | = |
| Equity10/15 | €27,163 | €43,877 | €59,705 | €85,980 | €118,739 | €213,286 | €270,347 | €333,472 | ▲ 23.3% |
| Contributions10/11 | €20,000 | €20,000 | - | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €7,000 | €22,000 | €22,000 | €47,000 | €82,000 | €193,000 | €218,000 | €216,000 | ▼ 0.9% |
| Non-distributable reserves130/1 | - | - | - | €2,000 | €2,000 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €2,000 | €2,000 | - | - | - | - |
| Distributable reserves133 | - | - | - | €45,000 | €80,000 | €193,000 | €218,000 | €216,000 | ▼ 0.9% |
| Profit (loss) carried forward14 | €163 | €1,877 | €17,705 | €18,980 | €16,739 | €286 | €32,347 | €97,472 | ▲ 201% |
| Amounts payable17/49 | €314,617 | €283,751 | €262,077 | €865,370 | €841,275 | €766,867 | €679,593 | €616,820 | ▼ 9.2% |
| Amounts payable after more than one year17 | €244,992 | €220,548 | €191,005 | €732,704 | €649,283 | €564,774 | €479,124 | €386,306 | ▼ 19.4% |
| Financial debts170/4 | - | - | - | €607,704 | €524,283 | €439,774 | €354,124 | €267,336 | ▼ 24.5% |
| Other amounts payable178/9 | - | - | - | €125,000 | €125,000 | €125,000 | €125,000 | €118,970 | ▼ 4.8% |
| Amounts payable within one year42/48 | €65,730 | €62,803 | €70,693 | €132,511 | €190,523 | €200,780 | €199,156 | €227,890 | ▲ 14.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €97,827 | €91,777 | €97,061 | €85,651 | €86,788 | ▲ 1.3% |
| Financial debts43 | - | - | - | - | - | - | - | €6,030 | - |
| Other loans439 | - | - | - | - | - | - | - | €6,030 | - |
| Trade debts44 | €13,798 | €2,195 | €2,754 | €4,508 | €1,000 | €691 | €46 | €636 | ▲ 14× |
| Suppliers440/4 | - | - | - | €4,508 | €1,000 | €691 | €46 | €636 | ▲ 14× |
| Taxes, remuneration and social security45 | - | - | - | €8,622 | €6,456 | €24,587 | €18,040 | €14,688 | ▼ 18.6% |
| Taxes450/3 | - | - | - | €7,414 | €5,341 | €24,587 | €18,040 | €14,688 | ▼ 18.6% |
| Remuneration and social security454/9 | - | - | - | €1,208 | €1,115 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €21,554 | €91,290 | €78,441 | €95,420 | €119,747 | ▲ 25.5% |
| Accrued charges and deferred income492/3 | - | - | - | €156 | €1,469 | €1,313 | €1,313 | €2,625 | ▲ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,144 | €17,526 | €15,828 | €26,275 | €94,259 | €159,547 | €152,061 | €188,125 | ▲ 23.7% |
| + Depreciation and write-downs630 | €9,789 | €9,789 | €1,892 | €965 | €1,291 | €2,015 | €2,259 | €2,251 | ▼ 0.3% |
| Operating cash flow (approximation) | €19,933 | €27,316 | €17,720 | €27,240 | €95,550 | €161,562 | €154,320 | €190,376 | ▲ 23.4% |
| Investment in fixed assets (approximation) | - | €0 | -€2,558 | -€620,715 | -€3,062 | -€2,096 | -€1,221 | €0 | - |
| Change in cash | - | €9,553 | -€7,948 | €13,081 | €8,596 | €4,990 | -€8,579 | €300 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 24-04-2026 | 2026-00086674 | |
| 31-12-2024 | full format | 03-06-2025 | 2025-00114962 | |
| 31-12-2023 | full format | 11-06-2024 | 2024-00121257 | |
| 31-12-2022 | full format | 09-06-2023 | 2023-00122123 | |
| 31-12-2021 | full format | 22-07-2022 | 2022-20227597 | |
| 31-12-2020 | full format | 29-06-2021 | 2021-25900172 | |
| 31-12-2019 | full format | 09-07-2020 | 2020-28800585 | |
| 31-12-2018 | full format | 27-06-2019 | 2019-23700038 | |
| 31-12-2017 | micro format | 18-09-2018 | 2018-63400327 |