CHEOPE
ActiveSummary
CHEOPE has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.4m and a net result of -€4,199. Equity remains stable across the filed financial years (±1.7% per year). Its solvency ranks better than 95% of 39,152 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Equity
- €6.4m
- Loss
- -€4,199
- Holdings
- 2
- DAL BO FlavioDirector
- THOMAS MargaretaDirector
Why 93raises riskLiquidity: current ratio 3.08, cash €9,472lowers riskSize: total assets €6.7mFigures for financial year 2025 (filed 25-08-2026)Sector: Activities of head offices; management consultancy activities (NACE 70)Show the evidence
Checked score
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, small): better than 85% on solvency, 47% on liquidity, 23% on profitability and 30% on growth.
The bankruptcy probability was computed on 27-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 26 days after the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Annual accounts filedfinancial year 2023 · micro…
Financials · financial year 2025, micro format
2025 annual accounts filed late (21 days) Filed on 21 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00418990.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €3,712 in 2025 against €6,977 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | - | - | - | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €868 | - | €960 | €968 | €998 | ▲ 3.2% |
| Gross operating margin9900 | -€1,573 | -€3,416 | -€21,564 | -€8,804 | - | -€4,775 | -€6,010 | -€2,714 | ▲ 54.8% |
| Operating profit (loss)9901 | -€2,441 | -€4,284 | -€22,460 | -€9,672 | - | -€5,735 | -€6,977 | -€3,712 | ▲ 46.8% |
| Financial income75/76B | - | - | - | - | - | €689,574 | €0 | - | - |
| Recurring financial income75 | €0 | €526 | - | - | - | €689,574 | €0 | - | - |
| Financial charges65/66B | - | - | - | €295 | €339 | €454 | €515 | €487 | ▼ 5.5% |
| Recurring financial charges65 | €279 | €30 | €142 | €295 | €339 | €454 | €515 | €487 | ▼ 5.5% |
| Profit (loss) for the period before taxes9903 | -€2,720 | -€3,788 | -€22,602 | -€9,968 | -€339 | €683,384 | -€7,492 | -€4,199 | ▲ 44.0% |
| Income taxes67/77 | €0 | - | - | - | - | - | - | - | - |
| Profit (loss) for the period9904 | -€2,720 | -€3,788 | -€22,602 | -€9,968 | -€339 | €683,384 | -€7,492 | -€4,199 | ▲ 44.0% |
| Profit (loss) for the period to be appropriated9905 | -€2,720 | -€3,788 | -€22,602 | -€9,968 | -€339 | €683,384 | -€7,492 | -€4,199 | ▲ 44.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €6.3m | €6.3m | €6.3m | €6.3m | €6.3m | €6.9m | €6.7m | €6.7m | = |
| Formation expenses20 | €0 | - | - | - | - | - | - | - | - |
| Fixed assets21/28 | €6.0m | €6.0m | €6.0m | €6.0m | €6.0m | €5.8m | €5.8m | €5.8m | = |
| Intangible fixed assets21 | €0 | - | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €0 | - | - | - | - | - | - | - | - |
| Financial fixed assets28 | €6.0m | €6.0m | €6.0m | €6.0m | €6.0m | €5.8m | €5.8m | €5.8m | = |
| Current assets29/58 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €1.2m | €0.9m | €0.9m | ▼ 0.3% |
| Amounts receivable after more than one year29 | - | - | - | - | - | €0.4m | €0.3m | €0.3m | = |
| Trade receivables290 | - | - | - | - | - | €0.4m | - | - | - |
| Other amounts receivable291 | - | - | - | - | - | - | €0.3m | €0.3m | = |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.7m | €0.6m | €0.6m | ▼ 0.5% |
| Other amounts receivable41 | - | - | - | €0.3m | €0.3m | €0.7m | €0.6m | €0.6m | ▼ 0.5% |
| Current investments50/53 | €0 | - | - | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.02m | €0.01m | €0.01m | €0.009m | €0.009m | €0.01m | €0.01m | €0.009m | ▼ 0.8% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €6.3m | €6.3m | €6.3m | €6.3m | €6.3m | €6.9m | €6.7m | €6.7m | = |
| Equity10/15 | €5.8m | €5.8m | €5.7m | €5.7m | €5.7m | €6.4m | €6.4m | €6.4m | ▼ 0.1% |
| Contributions10/11 | €5.2m | €5.2m | - | €5.2m | €5.2m | €5.2m | €5.2m | €5.2m | = |
| Reserves13 | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Non-distributable reserves130/1 | - | - | - | €0.5m | €0.5m | €0.5m | €0 | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.5m | €0.5m | €0.5m | €0 | - | - |
| Distributable reserves133 | - | - | - | - | - | - | €0.5m | €0.5m | = |
| Profit (loss) carried forward14 | €0.05m | €0.04m | €0.02m | €0.01m | €0.01m | €0.7m | €0.7m | €0.7m | ▼ 0.6% |
| Provisions and deferred taxes16 | €0 | - | - | - | - | - | - | - | - |
| Amounts payable17/49 | €0.5m | €0.5m | €0.6m | €0.6m | €0.6m | €0.5m | €0.3m | €0.3m | ▲ 0.3% |
| Amounts payable after more than one year17 | €0 | - | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €0.5m | €0.5m | €0.6m | €0.6m | €0.6m | €0.5m | €0.3m | €0.3m | ▲ 0.3% |
| Trade debts44 | €0 | €0.002m | €0.001m | €0.001m | €0.001m | €0.006m | €0.007m | €0.008m | ▲ 11.5% |
| Suppliers440/4 | - | - | - | €0.001m | €0.001m | €0.006m | €0.007m | €0.008m | ▲ 11.5% |
| Other amounts payable47/48 | - | - | - | €0.6m | €0.6m | €0.5m | €0.3m | €0.3m | ▲ 0.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,720 | -€3,788 | -€22,602 | -€9,968 | -€339 | €683,384 | -€7,492 | -€4,199 | ▲ 44.0% |
| + Depreciation and write-downs630 | €0 | - | - | - | - | - | - | - | - |
| Operating cash flow (approximation) | -€2,720 | -€3,788 | -€22,602 | -€9,968 | -€339 | €683,384 | -€7,492 | -€4,199 | ▲ 44.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €250,926 | €0 | €0 | - |
| Change in cash | - | -€12,513 | -€148 | -€28 | -€239 | €3,061 | -€2,767 | -€75 | ▲ 97.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 14 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 21-08-2026 | 2026-00418990 |
| 31-12-2024 | micro format | 30-06-2025 | 2025-00213498 |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00403343 |
| 31-12-2022 | micro format | 29-09-2023 | 2023-00465761 |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20344783 |
| 31-12-2020 | micro format | 15-07-2021 | 2021-36100209 |
| 31-12-2019 | micro format | 26-10-2020 | 2020-63400361 |
| 31-12-2018 | abbreviated format | 31-07-2019 | 2019-42300244 |
| 31-12-2017 | abbreviated format | 02-08-2018 | 2018-43600417 |
| 31-12-2016 | abbreviated format | 03-07-2017 | 2017-24700114 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| DAL BO Flavio |
|
| THOMAS Margareta |
|
Owners and capital
Capital and shareholders
- 28-12-2023 Converted to unavailable equity
Group and network
Holdings and subsidiaries
2 holdingsHoldings 2
Source for every holding own accounts 2025
- CHENZOsubsidiaryEquity €693,959Result -€80,06999.96%
- DTLC CompanysubsidiaryEquity -€571,640Result -€18,44099.95%
According to the 2025 annual accounts of CHEOPE and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
28-12
Gazette deed
Resignation: THOMAS Margareta (manager)Appointments: THOMAS Margareta (statutory director) and DAL BO Flavio (statutory director) · Amendment of the articles · Capital conversion11 facts ▸
- General meeting, 14-12-2023
- Amendment of the articles (2 times)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “opheffen en beschikbaar maken voor uitkering, statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Director resignation, THOMAS Margareta (manager)
- Director appointment, THOMAS Margareta (statutory director)
- Director appointment, DAL BO Flavio (statutory director)
- Capital
- Board composition, THOMAS Margareta (statutory director)
- Board composition, DAL BO Flavio (statutory director)
- Registered office clause, “1861 Meise (Wolverem), Beekstraat 34” (deed in Dutch)
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.
What can you do?
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 28 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23093B0262/00N000 | Flanders | 1.1 ha | 1 · 438 m² | 9.0 m · 2 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- CHEOPE
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- One provision in the deed
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Algemene vergadering bepaalt aantal, duur opdracht en bevoegdheid bij meerdere bestuurders, één of meer bestuurders” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of June at 18:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Algemene vergadering, vormen vereist voor statutenwijziging” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Ontbinding om welke reden en op welk ogenblik ook, indien geen andere vereffenaar benoemd” (deed in Dutch)