CHEOUIRFA
ActiveSummary
The computed 12-month bankruptcy probability of CHEOUIRFA is 5.8% (elevated). For CHEOUIRFA, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €3,377 and a net result of -€8,391. Equity is growing by ~47.6% per year across the filed fiscal years. The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability0=
Solvency54▼-46
Growth52=
Track record100
Bankruptcy probability, 12 months
5.8%
Elevated
0%0.5%1.5%4%10%≥ 25%
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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 2023Solvency, return and age of the figures
Solvency
29.3%
Return on assets
-72.9%
Age of the figures
33 mo
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 · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline30-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 01-07-2026, 700 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
700 d late
2022
31 d late
2021
219 d late
2020
31 d late
2019
141 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 224 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2023, abbreviated schema
Turnover
€36,744
EBIT margin
6.4%
Net result
-€8,391▼ 295%
2022 · -€2,122
Working capital
-€5,985
2022 · €11,118
Trend over the years
In euros
In euros
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Turnover
Operating result€788▼ 66.4%-€4,228€10,411-€1,699-€7,827▼ 361%
Net result€294▼ 51.7%€2,388▲ 713%€13,926▲ 483%-€2,122-€8,391▼ 295%
EBIT margin
Equity-€2,425▲ 10.8%-€37▲ 98.5%€13,890€11,768▼ 15.3%€3,377▼ 71.3%
Total assets€10,852▼ 29.7%€30,089▲ 177%€18,292▼ 39.2%€13,478▼ 26.3%€11,514▼ 14.6%
Debt€13,277▼ 26.9%€30,125▲ 127%€4,402▼ 85.4%€1,710▼ 61.2%€8,137▲ 376%
Working capital-€2,575▲ 41.0%-€687▲ 73.3%€13,240€11,118▼ 16.0%-€5,985
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €7,827 in 2023 against €1,699 in 2022; the loss grows and 2023 has the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €11,514
Fixed assets
€9,362 ▲ 1,340%
Current assets
€2,152 ▼ 83.2%
Equity and liabilities €11,514
Equity
€3,377 ▼ 71.3%
Debt
€8,137 ▲ 376%
Debt's share of the balance-sheet total rises from 12.7% to 70.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€6,633
Cash flow
-€7,197
Current ratio
0.26▼
2022 · 7.50
Quick ratio
0.14▼
2022 · 1.26
Debt to equity
2.41▲
2022 · 0.15
ROE
-248.5%▼
2022 · -18.0%
ROA
-72.9%▼
2022 · -15.7%
Interest coverage
-7.21
Debt ≤ 1 year
€8,137▲
2022 · €1,710
Income taxes
-€356
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,393 | - | - | - | €1,194 | - |
| Other operating charges640/8 | - | - | €658 | €2,669 | €3,746 | ▲ 40.4% |
| Gross operating margin9900 | €8,164 | -€3,299 | €11,069 | €970 | -€2,887 | ▼ 398% |
| Operating profit (loss)9901 | €788 | -€4,228 | €10,411 | -€1,699 | -€7,827 | ▼ 361% |
| Financial income75/76B | - | - | €4,600 | €36 | - | - |
| Recurring financial income75 | - | €8,800 | €4,600 | €36 | - | - |
| Financial charges65/66B | - | - | €402 | €460 | €920 | ▲ 100% |
| Recurring financial charges65 | €494 | €1,384 | €402 | €460 | €920 | ▲ 100% |
| Profit (loss) for the period before taxes9903 | €294 | €3,188 | €14,609 | -€2,122 | -€8,747 | ▼ 312% |
| Income taxes67/77 | - | €800 | €682 | - | -€356 | - |
| Profit (loss) for the period9904 | €294 | €2,388 | €13,926 | -€2,122 | -€8,391 | ▼ 295% |
| Profit (loss) for the period to be appropriated9905 | €294 | €2,388 | €13,926 | -€2,122 | -€8,391 | ▼ 295% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €10,852 | €30,089 | €18,292 | €13,478 | €11,514 | ▼ 14.6% |
| Fixed assets21/28 | €150 | €650 | €650 | €650 | €9,362 | ▲ 1,340% |
| Tangible fixed assets22/27 | - | - | - | - | €8,712 | - |
| Furniture and vehicles24 | - | - | - | - | €8,712 | - |
| Financial fixed assets28 | €150 | €650 | €650 | €650 | €650 | = |
| Current assets29/58 | €10,702 | €29,439 | €17,642 | €12,828 | €2,152 | ▼ 83.2% |
| Stocks and contracts in progress3 | €8,113 | €10,645 | €10,645 | €10,681 | €1,000 | ▼ 90.6% |
| Stocks30/36 | - | - | €10,645 | €10,681 | €1,000 | ▼ 90.6% |
| Amounts receivable within one year40/41 | €1,996 | €3,280 | €1,889 | €2,147 | €1,136 | ▼ 47.1% |
| Trade receivables40 | - | - | €436 | €132 | €1,136 | ▲ 763% |
| Other amounts receivable41 | - | - | €1,454 | €2,015 | - | - |
| Cash at bank and in hand54/58 | €593 | €15,514 | €5,108 | - | €17 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €10,852 | €30,089 | €18,292 | €13,478 | €11,514 | ▼ 14.6% |
| Equity10/15 | -€2,425 | -€37 | €13,890 | €11,768 | €3,377 | ▼ 71.3% |
| Contributions10/11 | €6,250 | €6,250 | €6,250 | €6,250 | €6,250 | = |
| Capital10 | - | - | €6,250 | €6,250 | - | - |
| Issued capital100 | - | - | €18,600 | €18,600 | - | - |
| Uncalled capital101 | - | - | €12,350 | €12,350 | - | - |
| Outside capital11 | - | - | - | - | €6,250 | - |
| Other1109/19 | - | - | - | - | €6,250 | - |
| Reserves13 | €128 | €247 | €247 | €247 | €247 | = |
| Non-distributable reserves130/1 | - | - | €247 | €247 | €247 | = |
| Legal reserve130 | - | - | €247 | €247 | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €247 | - |
| Profit (loss) carried forward14 | -€8,802 | -€6,534 | €7,393 | €5,271 | -€3,120 | ▼ 159% |
| Amounts payable17/49 | €13,277 | €30,125 | €4,402 | €1,710 | €8,137 | ▲ 376% |
| Amounts payable within one year42/48 | €13,277 | €30,125 | €4,402 | €1,710 | €8,137 | ▲ 376% |
| Trade debts44 | - | - | - | €1,354 | €1,903 | ▲ 40.6% |
| Suppliers440/4 | - | - | - | €1,354 | €1,903 | ▲ 40.6% |
| Taxes, remuneration and social security45 | - | - | €356 | €356 | €3,692 | ▲ 936% |
| Taxes450/3 | - | - | €356 | €356 | €3,692 | ▲ 936% |
| Other amounts payable47/48 | - | - | €4,046 | - | €2,542 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €294 | €2,388 | €13,926 | -€2,122 | -€8,391 | ▼ 295% |
| + Depreciation and write-downs630 | €4,393 | - | - | - | €1,194 | - |
| Operating cash flow (approximation) | €4,686 | €2,388 | €13,926 | -€2,122 | -€7,197 | ▼ 239% |
| Investment in fixed assets (approximation) | - | -€500 | €0 | €0 | -€9,906 | - |
| Change in cash | - | €14,921 | -€10,406 | - | - | - |
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
2026
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 700 days late
2023
31-12
Financial
Weakest financial yearnet -€8,391
Net result drops to -€8,391, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
07-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 219 days late
2021
31-12
Financial
Highest result since 2018net €13,926 ▲483%
Operating result €10,411, net result €13,926, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 4.01
Current ratio from 0.98 to 4.01; short-term debt falls from €30,125 to €4,402.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
19-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 141 days late
2019
09-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 9 days late
2018
13-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 13 days late
2017
08-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 8 days late
2016
21-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 21 days late
2015
19-07
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Sint-Joost-ten-Node · 2 establishment units since 2011
Ground area
333 m²
Building footprint
243 m²
Volume, LiDAR
2,133 m³
2 parcels, Brussels, Flanders · tallest building 18.4 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
CHEOUIRFA
since 20112.204.745.761
L.M.K.S
since 20192.294.202.527
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21014A0242/00N005 | Brussels | 186 m² | 1 · 96 m² | 18.4 m · 5 fl. |
| 23643G0409/00K009 | Flanders | 146 m² | 1 · 146 m² | 12.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded28-09-2011
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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Register as of 30 September 2026 · Peppol Directory
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