CHEMINEES CONSTRUCTION
ActiveSummary
CHEMINEES CONSTRUCTION has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €96,156 and a net result of -€8,418. Equity is growing by ~5.7% per year across the filed fiscal years. Its solvency ranks better than 30% of 28254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability59▼-11
Solvency53▼-29
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity tight (current ratio 1.48 against 6.33 in 2024; short-term debt: 45.6% and cash: 27% of total assets), and 71.5% of the assets are financed with debt.
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Signals
Five 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
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
28.5%
Return on assets
-2.5%
Age of the figures
9 mo
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 09-06-2026, 52 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
52 d early
2024
26 d late
2023
30 d late
2022
49 d early
2021
62 d early
2020
30 d late
2019
38 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 16 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 12 June (4 of the last 5 filed years within 75 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€96,156▼ 46.8%
2024 · €180,842
Total assets
€337,793▲ 6.2%
2024 · €318,008
Net result
-€8,418
2024 · €2,237
Working capital
€73,391▼ 52.2%
2024 · €153,444
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€32,919▲ 29.8%€46,655▲ 41.7%-€4,462€7,326-€3,641
Net result€20,804within the sector's middle half▲ 39.0%€32,728above the sector's middle half▲ 57.3%-€9,091below the sector's middle half€2,237within the sector's middle half-€8,418below the sector's middle half
Equity€163,635above the sector's middle half▲ 12.5%€187,696above the sector's middle half▲ 14.7%€178,605above the sector's middle half▼ 4.8%€180,842above the sector's middle half▲ 1.3%€96,156within the sector's middle half▼ 46.8%
Total assets€333,136above the sector's middle half▼ 1.4%€347,399above the sector's middle half▲ 4.3%€338,177above the sector's middle half▼ 2.7%€318,008above the sector's middle half▼ 6.0%€337,793above the sector's middle half▲ 6.2%
Debt€169,500▼ 11.9%€159,703▼ 5.8%€159,571▼ 0.1%€137,166▼ 14.0%€241,637▲ 76.2%
Working capital€149,186above the sector's middle half▲ 11.1%€169,510above the sector's middle half▲ 13.6%€161,495above the sector's middle half▼ 4.7%€153,444above the sector's middle half▼ 5.0%€73,391within the sector's middle half▼ 52.2%
Solvency49.1%within the sector's middle half▲ 6.0pp54.0%within the sector's middle half▲ 4.9pp52.8%within the sector's middle half▼ 1.2pp56.9%within the sector's middle half▲ 4.1pp28.5%within the sector's middle half▼ 28.4pp
Current ratio5.48above the sector's middle half▲ 1.485.88above the sector's middle half▲ 0.414.45above the sector's middle half▼ 1.436.33above the sector's middle half▲ 1.881.48within the sector's middle half▼ 4.86
Return on assets (ROA)6.2%within the sector's middle half▲ 1.8pp9.4%within the sector's middle half▲ 3.2pp-2.7%below the sector's middle half▼ 12.1pp0.7%within the sector's middle half▲ 3.4pp-2.5%below the sector's middle half▼ 3.2pp
Staff (FTE)1▲ 400%0.2▼ 80.0%11=
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €3,641 after €7,326 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €337,793
Fixed assets
€110,418 ▼ 18.7%
Current assets
€227,374 ▲ 24.8%
Equity and liabilities €337,793
Equity
€96,156 ▼ 46.8%
Debt
€241,637 ▲ 76.2%
Debt's share of the balance-sheet total rises from 43.1% to 71.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€25,916▼
2024 · €41,694
Cash flow
€21,139▼
2024 · €36,604
Quick ratio
0.70▼
2024 · 1.66
Debt to equity
2.51▲
2024 · 0.76
ROE
-8.8%▼
2024 · 1.2%
Interest coverage
5.21▼
2024 · 7.46
Debt ≤ 1 year
€153,984▲
2024 · €28,765
Debt > 1 year
€87,653▼
2024 · €107,801
Staff costs
€13,413▲
2024 · €11,748
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,448 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a small loss
1.4%
went bankrupt
5.0%
stopped otherwise
93%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,448 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €10,708 | €9,100 | €11,828 | €11,748 | €13,413 | ▲ 14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,271 | €24,064 | €27,507 | €34,367 | €29,557 | ▼ 14.0% |
| Other operating charges640/8 | €3,167 | €2,704 | €2,565 | €2,692 | €4,370 | ▲ 62.3% |
| Gross operating margin9900 | €66,066 | €82,523 | €37,438 | €56,134 | €43,700 | ▼ 22.2% |
| Operating profit (loss)9901 | €32,919 | €46,655 | -€4,462 | €7,326 | -€3,641 | ▼ 150% |
| Financial income75/76B | €450 | €281 | €382 | €499 | €196 | ▼ 60.7% |
| Recurring financial income75 | €450 | €281 | €382 | €499 | €196 | ▼ 60.7% |
| Financial charges65/66B | €5,714 | €5,351 | €5,009 | €5,589 | €4,973 | ▼ 11.0% |
| Recurring financial charges65 | €5,714 | €5,351 | €5,009 | €5,589 | €4,973 | ▼ 11.0% |
| Profit (loss) for the period before taxes9903 | €27,656 | €41,585 | -€9,089 | €2,237 | -€8,418 | ▼ 476% |
| Income taxes67/77 | €6,852 | €8,857 | €3 | €0 | - | - |
| Profit (loss) for the period9904 | €20,804 | €32,728 | -€9,091 | €2,237 | -€8,418 | ▼ 476% |
| Profit (loss) for the period to be appropriated9905 | €20,804 | €32,728 | -€9,091 | €2,237 | -€8,418 | ▼ 476% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €333,136 | €347,399 | €338,177 | €318,008 | €337,793 | ▲ 6.2% |
| Fixed assets21/28 | €150,627 | €143,181 | €129,896 | €135,798 | €110,418 | ▼ 18.7% |
| Tangible fixed assets22/27 | €150,224 | €142,777 | €129,493 | €135,395 | €109,415 | ▼ 19.2% |
| Plant, machinery and equipment23 | €252 | €1,234 | €5,172 | €5,585 | €7,323 | ▲ 31.1% |
| Furniture and vehicles24 | €10,678 | €18,053 | €16,553 | €37,738 | €25,717 | ▼ 31.9% |
| Leasing and similar rights25 | €124,517 | €110,356 | €96,276 | €82,221 | €68,166 | ▼ 17.1% |
| Other tangible fixed assets26 | €14,777 | €13,135 | €11,493 | €9,851 | €8,209 | ▼ 16.7% |
| Financial fixed assets28 | €404 | €404 | €404 | €404 | €1,004 | ▲ 149% |
| Current assets29/58 | €182,508 | €204,218 | €208,280 | €182,210 | €227,374 | ▲ 24.8% |
| Stocks and contracts in progress3 | €102,110 | €126,638 | €146,624 | €134,534 | €120,092 | ▼ 10.7% |
| Stocks30/36 | €102,110 | €126,638 | €131,624 | €116,034 | €120,092 | ▲ 3.5% |
| Contracts in progress37 | - | - | €15,000 | €18,500 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €2,027 | €7,741 | €17,136 | €19,820 | €13,971 | ▼ 29.5% |
| Trade receivables40 | €1,715 | €7,731 | €9,246 | €4,580 | €8,919 | ▲ 94.7% |
| Other amounts receivable41 | €312 | €11 | €7,890 | €15,240 | €5,052 | ▼ 66.8% |
| Cash at bank and in hand54/58 | €76,886 | €69,839 | €44,298 | €27,654 | €91,227 | ▲ 230% |
| Deferred charges and accrued income490/1 | €1,484 | - | €222 | €202 | €2,084 | ▲ 931% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €333,136 | €347,399 | €338,177 | €318,008 | €337,793 | ▲ 6.2% |
| Equity10/15 | €163,635 | €187,696 | €178,605 | €180,842 | €96,156 | ▼ 46.8% |
| Contributions10/11 | €18,592 | €18,592 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €54,066 | €78,127 | €78,127 | €78,127 | €1,859 | ▼ 97.6% |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €0 | - | - |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €1,859 | €0 | - | - |
| Distributable reserves133 | €52,207 | €76,268 | €76,268 | €78,127 | €1,859 | ▼ 97.6% |
| Profit (loss) carried forward14 | €90,977 | €90,977 | €81,878 | €84,114 | €75,696 | ▼ 10.0% |
| Amounts payable17/49 | €169,500 | €159,703 | €159,571 | €137,166 | €241,637 | ▲ 76.2% |
| Amounts payable after more than one year17 | €136,178 | €124,395 | €112,186 | €107,801 | €87,653 | ▼ 18.7% |
| Financial debts170/4 | €136,178 | €124,395 | €112,186 | €107,801 | €87,653 | ▼ 18.7% |
| Amounts payable within one year42/48 | €33,322 | €34,708 | €46,785 | €28,765 | €153,984 | ▲ 435% |
| Current portion of amounts payable after more than one year42 | €11,373 | €11,783 | €12,208 | €19,231 | €20,147 | ▲ 4.8% |
| Trade debts44 | €14,099 | €7,538 | €22,826 | €861 | €22,927 | ▲ 2,562% |
| Suppliers440/4 | €14,099 | €7,538 | €22,826 | €861 | €22,927 | ▲ 2,562% |
| Advances received on contracts in progress46 | - | - | - | - | €19,010 | - |
| Taxes, remuneration and social security45 | €4,501 | €6,037 | €5,056 | €1,979 | €2,338 | ▲ 18.2% |
| Taxes450/3 | €3,280 | €4,761 | €3,689 | €384 | €0 | ▼ 100% |
| Remuneration and social security454/9 | €1,221 | €1,276 | €1,367 | €1,594 | €2,338 | ▲ 46.7% |
| Other amounts payable47/48 | €3,349 | €9,349 | €6,695 | €6,695 | €89,561 | ▲ 1,238% |
| Accrued charges and deferred income492/3 | - | €600 | €600 | €600 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,804 | €32,728 | -€9,091 | €2,237 | -€8,418 | ▼ 476% |
| + Depreciation and write-downs630 | €19,271 | €24,064 | €27,507 | €34,367 | €29,557 | ▼ 14.0% |
| Operating cash flow (approximation) | €40,075 | €56,792 | €18,415 | €36,604 | €21,139 | ▼ 42.2% |
| Investment in fixed assets (approximation) | - | -€16,618 | -€14,222 | -€40,269 | -€4,177 | ▲ 89.6% |
| Change in cash | - | -€7,048 | -€25,541 | -€16,644 | €63,573 | ▲ 482% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
31-12
Financial
Back to profitnet €2,237
Net result €2,237 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet -€9,091
Net result drops to -€9,091, the lowest in the series; recovery starts the following year.
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €32,728 ▲57.3%
Operating result €46,655, net result €32,728, both a record.
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €150,000Eq €163,635 ▲12.5%
4 profitable years in a row build equity to €163,635.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Theux · 1 establishment unit since 1996
Ground area
1,149 m²
Building footprint
190 m²
Volume, LiDAR
1,149 m³
Parcel 63076C1398/00F000, Wallonia · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CHEMINEES CONSTRUCTION
since 19962.074.686.181
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63076C1398/00F000 | Wallonia | 1,149 m² | 1 · 190 m² | 7.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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 9,537 companies in sector 43222 we hold annual accounts for 5,668. 4,905 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded17-11-1995
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
47529Retail trade
46150Agents in the wholesale of furniture, household goods and hardware
47552Retail sale of lighting equipment
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
68201Renting and operating of own or leased residential real estate, excluding social housing
Contact
E-mail
Info@chemineeslamblotte.beTheux
E-invoicing
Reachable via Peppol
Peppol ID
0208:0456513474
Registered
05-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.