Chelsea
ActiveChelsea has been active since 1974 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €66k and a net result of €-34k. Equity is shrinking by ~18.8% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 15% of 10359 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
50
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability66▲+4
Solvency29▼-7
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity short (current ratio 0.11 against 0.27 in 2024; short-term debt: 72.1% and cash: 0.5% of total assets), and 96% of the assets are financed with debt.
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 · 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-34k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 10359 sector peers (2025).
NBB · sector comparisonPosition among 10359 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
4 d late
2023
29 d early
2022
47 d early
2021
16 d early
2020
23 d early
2019
15 d early
← 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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€66k▼ 34.2%
2024 · €100k
2018: €429k
2019: €394k
2020: €435k
2021: €440k
2022: €189k
2023: €147k
2024: €100k
2018 → 2025
Total assets
€1.65M▲ 83.3%
2024 · €899k
2018: €440k
2019: €414k
2020: €1.27M
2021: €1.27M
2022: €1.04M
2023: €944k
2024: €899k
2018 → 2025
Net result
€-34k▲ 27.7%
2024 · €-47k
2018: €19
2019: €-34k
2020: €40k
2021: €6k
2022: €-18k
2023: €-41k
2024: €-47k
2018 → 2025
Working capital
€-1.06M▼ 256%
2024 · €-297k
2018: €209k
2019: €143k
2020: €-164k
2021: €-137k
2022: €-353k
2023: €-319k
2024: €-297k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€440k-€189k▼ 57.2%€147k▼ 21.9%€100k▼ 32.1%€66k▼ 34.2%
Operating result€26k-€-20k€-41k▼ 99.0%€-47k▼ 14.9%€-34k▲ 28.3%
Net result€6k-€-18k€-41k▼ 129%€-47k▼ 14.3%€-34k▲ 27.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €34k in 2025 against €47k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.65M
Fixed assets
€1.52M▲ 92.6%
Current assets
€131k▲ 17.8%
Equity and liabilities €1.65M
Equity
€66k▼ 34.2%
Debt
€1.58M▲ 98.1%
The debt ratio rises from 88.9% to 96.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€42k▲
2024 · €26k
Cash flow
€41k▲
2024 · €26k
Solvency
4.0%▼
2024 · 11.1%
Current ratio
0.11▼
2024 · 0.27
Quick ratio
0.11▼
2024 · 0.27
Debt / equity
24.08▲
2024 · 8.00
ROE
-52.0%▼
2024 · -47.4%
ROA
-2.1%▲
2024 · -5.3%
Interest coverage
80.94▲
2024 · 56.92
Debt
€1.58M▲
2024 · €799k
Debt ≤ 1 year
€1.19M▲
2024 · €408k
Debt > 1 year
€390k=
2024 · €390k
Income taxes
€675▼
2024 · €874
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€899k€1.65M▲
Fixed assets21/28€788k€1.52M▲
Tangible fixed assets22/27€788k€1.52M▲
Land and buildings22€763k€1.51M▲
Plant, machinery and equipment23€4k€862▼
Furniture and vehicles24€21k€8k▼
Current assets29/58€111k€131k▲
Amounts receivable within one year40/41€104k€121k▲
Trade receivables40€16k€0▼
Other amounts receivable41€88k€121k▲
Cash at bank and in hand54/58€4k€8k▲
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€899k€1.65M▲
Equity10/15€100k€66k▼
Contributions10/11€19k€19k=
Reserves13€81k€47k▼
Tax-exempt reserves132€686€686=
Distributable reserves133€81k€46k▼
Amounts payable17/49€799k€1.58M▲
Amounts payable after more than one year17€390k€390k=
Financial debts170/4€390k€390k=
Amounts payable within one year42/48€408k€1.19M▲
Trade debts44€8k€4k▼
Suppliers440/4€8k€4k▼
Taxes, remuneration and social security45€2k€675▼
Taxes450/3€2k€675▼
Other amounts payable47/48€398k€1.18M▲
Accrued charges and deferred income492/3€856€4k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€73k€75k▲
Other operating charges640/8€3k€2k▼
Gross operating margin9900€29k€44k▲
Operating profit (loss)9901€-47k€-34k▲
Financial income75/76B€826€577▼
Recurring financial income75€826€577▼
Financial charges65/66B€460€518▲
Recurring financial charges65€460€518▲
Profit (loss) for the period before taxes9903€-46k€-34k▲
Income taxes67/77€874€675▼
Profit (loss) for the period9904€-47k€-34k▲
Profit (loss) for the period to be appropriated9905€-47k€-34k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-47k€-34k▲
Transfer from equity791/2€47k€34k▼
The notes to these accounts (9 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
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
04-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 4 days late
2024
31-12
Financial
Weakest financial yearnet €-47k
Net result drops to €-47k, the lowest in the series; recovery starts the following year.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €40k
Net result €40k after one loss-making year.
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
Registered office, Gent · 1 establishment unit since 1997
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.
Baarledorpstraat 959031 GentGround area
4,948 m²
Building footprint
184 m²
Volume, LiDAR
1,102 m³
Parcel 44017D1074/00H000, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Chelsea
since 19972.010.638.665
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44017D1074/00H000 | Flanders | 4,948 m² | 1 · 184 m² | 9.5 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.
Similar companies · same sector, comparable size
LES 4 MAISONS
BE 0726.663.325
Soumagne · Eq €66k
COMPTOIR DE REPRESENTATIONS, d'IMPORTATIONS, d'EXPORTATIONS DE TOUS ARTICLES ET OBJETS QUELCONQUES DE FANTAISIE ET STYLISES
BE 0418.454.931
Etterbeek · Eq €65k
SHUM TEX
BE 0559.986.047
Antwerpen · Eq €65k
PLAN NATIONAL
BE 0830.798.466
Heist-op-den-Berg · Eq €65k
BOETIEK DE LANGE
BE 0418.777.209
Geel · Eq €65k
Of 2,211 companies in sector 47711 we hold annual accounts for 889. 702 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-07-1974
Fiscal year end31-12
Activities, NACEBEL
47711Retail sale of women's outerwear
51421
46423Wholesale of clothing, excluding workwear and underwear
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
52421
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 47 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.