CHEF
ActiveThe computed 12-month bankruptcy probability of CHEF is 1.7% (moderate). The 2024 annual accounts show equity of €108k and a net result of €22k. Equity is growing by ~4.9% per year across the filed fiscal years. Its solvency ranks better than 40% of 18938 sector peers (fiscal year 2024). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+100
Solvency11▼-13
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity short (current ratio 0.41 against 1.07 in 2023), and 82.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-08-2025, 22 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 · 8 filingsDeviation from the deadline
2025
not confirmed
2024
22 d late
2023
64 d late
2022
28 d early
2021
25 d early
2020
32 d early
2019
28 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€108k▲ 25.1%
2023 · €86k
2021: €84k
2022: €126k
2023: €86k
2021 → 2024
Total assets
€629k▲ 24.2%
2023 · €507k
2021: €136k
2022: €203k
2023: €507k
2021 → 2024
Net result
€22k
2023 · €-39k
2021: €7k
2022: €41k
2023: €-39k
2021 → 2024
Working capital
€-96k
2023 · €5k
2021: €84k
2022: €107k
2023: €5k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€84k-€126k▲ 49.2%€86k▼ 31.2%€108k▲ 25.1%
Operating result€16k-€39k▲ 148%€-19k€42k
Net result€7k-€41k▲ 472%€-39k€22k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €42k after a loss of €19k in 2023, the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €629k
Fixed assets
€563k▲ 31.7%
Current assets
€66k▼ 16.4%
Equity and liabilities €629k
Equity
€108k▲ 25.1%
Debt
€521k▲ 24.0%
The debt ratio falls from 82.9% to 82.8%: equity grows faster than debt.
Key figures and ratios
EBITDA
€88k▲
2023 · €5k
Cash flow
€68k▲
2023 · €-16k
Solvency
17.2%▲
2023 · 17.1%
Current ratio
0.41▼
2023 · 1.07
Quick ratio
0.37▼
2023 · 0.99
Debt / equity
4.82▼
2023 · 4.86
ROE
20.1%▲
2023 · -45.3%
ROA
3.5%▲
2023 · -7.7%
Interest coverage
4.98▲
2023 · 0.23
Debt
€521k▲
2023 · €420k
Debt ≤ 1 year
€162k▲
2023 · €74k
Debt > 1 year
€359k▲
2023 · €346k
Income taxes
€2k▲
2023 · €507
Staff costs
€94k▼
2023 · €103k
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 · 2024 against 2023
Balance sheet
Code20232024
Total assets
20/58€507k€629k▲
Fixed assets
21/28€428k€563k▲
Intangible fixed assets
21€3k€0▼
Tangible fixed assets
22/27€425k€563k▲
Financial fixed assets
28€0-
Current assets
29/58€79k€66k▼
Stocks & contracts in progress
3€6k€6k▼
Amounts receivable within one year
40/41€6k€8k▲
Cash & bank
54/58€67k€52k▼
Total equity & liabilities
10/49€507k€629k▲
Equity
10/15€86k€108k▲
Contributions / capital
10/11€6k€6k=
Reserves
13€50k€102k▲
Accumulated profits (losses)
14€30k€0▼
Provisions & deferred taxes
16€0-
Amounts payable
17/49€420k€521k▲
Amounts payable after one year
17€346k€359k▲
Amounts payable within one year
42/48€74k€162k▲
Trade debts payable within one year
44€13k€9k▼
Income statement
Code20232024
Gross operating margin
9900€92k€185k▲
Operating result
9901€-19k€42k▲
Financial income
75€0€14▲
Financial charges
65€20k€18k▼
Result before taxes
9903€-39k€24k▲
Income taxes
67/77€507€2k▲
Net result for the period
9904€-39k€22k▲
Result to be appropriated
9905€-39k€22k▲
Timeline · acts, filings and financial milestones
2025
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
31-12
Financial
Back to profitnet €22k
Net result €22k after one loss-making year.
31-12
Financial
Equity above €100kEq €108k ▲25.1%
Equity rises from €86k to €108k.
03-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 64 days late
05-01
State Gazette act
Registered-office change
Ariane VAN NIEUWENHUYSE
2023
31-12
Financial
Weakest financial yearnet €-39k ▼195%
Net result drops to €-39k, the lowest in the series; recovery starts the following year.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2021net €41k ▲472%
Net result €41k, the highest in the series.
31-12
Financial
Equity above €100kEq €126k ▲49.2%
2 profitable years in a row build equity to €126k.
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 28 days late
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
18-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Comparable companies · same sector, comparable size
Similar companies · same sector, comparable size
Salor
BE 0656.855.195
Hulshout · Eq €108k
TRAISTARU
BE 0791.790.709
Nijlen · Eq €109k
SOREST-DEPOITRE
BE 0439.315.176
Ath · Eq €107k
The Sushi House
BE 0802.455.660
Begijnendijk · Eq €106k
D.E.S.
BE 0849.062.180
Mouscron · Eq €106k
Of 1,347 companies in sector 56220 we hold annual accounts for 375. 290 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-05-2014
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
56220Contract catering and other food service activities
56290Food and beverage service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 15-08-2026. Scores and ratios are computed by Checked and are not a credit decision.