CHESMA
ActiveSummary
CHESMA has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€132,766) and a net result of -€284,951. Equity is growing by ~7.4% per year across the filed fiscal years. Its solvency ranks better than 5% of 9733 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-23
Solvency0▼-45
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.13 against 1.76 in 2023; short-term debt: 88.2% and cash: 0% of total assets), and equity is negative.
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Signals
Five 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 2024Solvency, return and age of the figures
Solvency
-33.1%
Return on assets
-70.9%
Age of the figures
21 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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 · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€132,766
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-06-2026, 305 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
305 d late
2023
37 d early
2022
71 d late
2021
346 d late
2020
76 d late
2019
137 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 150 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
-€132,766
2023 · €152,186
Total assets
€401,693▼ 47.4%
2023 · €763,753
Net result
-€284,951▼ 832,848%
2023 · -€34
Working capital
€45,198▼ 86.2%
2023 · €328,631
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate 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
Line20202021202220232024
Operating result€97,055▲ 193%€24,456▼ 74.8%€12,947▼ 47.1%€4,881▼ 62.3%-€303,147
Net result€91,870within the sector's middle half▲ 424%€11,853within the sector's middle half▼ 87.1%€7,852within the sector's middle half▼ 33.8%-€34within the sector's middle half-€284,951below the sector's middle half▼ 832,848%
Equity€132,514within the sector's middle half▲ 226%€144,368within the sector's middle half▲ 8.9%€152,220within the sector's middle half▲ 5.4%€152,186within the sector's middle half=-€132,766below the sector's middle half
Total assets€1.1mwithin the sector's middle half▲ 8.1%€1.1mwithin the sector's middle half▼ 0.5%€1.1mwithin the sector's middle half▲ 1.6%€763,753within the sector's middle half▼ 32.4%€401,693below the sector's middle half▼ 47.4%
Debt€984,577▼ 0.9%€967,330▼ 1.8%€976,958▲ 1.0%€611,567▼ 37.4%€534,459▼ 12.6%
Working capital€427,441within the sector's middle half▲ 91.9%€464,208within the sector's middle half▲ 8.6%€352,160within the sector's middle half▼ 24.1%€328,631within the sector's middle half▼ 6.7%€45,198within the sector's middle half▼ 86.2%
Solvency11.9%within the sector's middle half▲ 7.9pp13.0%within the sector's middle half▲ 1.1pp13.5%within the sector's middle half▲ 0.5pp19.9%within the sector's middle half▲ 6.4pp-33.1%below the sector's middle half▼ 53.0pp
Current ratio1.62within the sector's middle half▲ 0.301.72within the sector's middle half▲ 0.101.46within the sector's middle half▼ 0.271.76within the sector's middle half▲ 0.311.13within the sector's middle half▼ 0.63
Return on assets (ROA)8.2%above the sector's middle half▲ 6.5pp1.1%within the sector's middle half▼ 7.2pp0.7%within the sector's middle half▼ 0.4pp0.0%within the sector's middle half▼ 0.7pp-70.9%below the sector's middle half▼ 70.9pp
Staff (FTE)0.5below the sector's middle half=0.6within the sector's middle half1within the sector's middle half▲ 66.7%
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €303,147 after €4,881 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €401,693
Fixed assets
€2,037 ▼ 42.7%
Current assets
€399,656 ▼ 47.4%
Key figures and ratios
EBITDA
-€301,629▼
2023 · €6,534
Cash flow
-€283,434▼
2023 · €1,618
Debt to equity
-4.03▼
2023 · 4.02
Interest coverage
-150.79▼
2023 · 0.54
Debt ≤ 1 year
€354,459▼
2023 · €431,567
Income taxes
€0▼
2023 · €5,048
Staff costs
€52,726▲
2023 · €26,837
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,622 companies that looked in July 2024 the way this one looks now, 4.6% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.6%
went bankrupt
10.0%
stopped otherwise
84%
still going
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 6,622 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €7,555 | €5,289 | €26,837 | €52,726 | ▲ 96.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,424 | €1,183 | €1,512 | €1,652 | €1,518 | ▼ 8.1% |
| Other operating charges640/8 | - | €121 | €294 | €4,958 | €1,572 | ▼ 68.3% |
| Non-recurring operating charges66A | - | - | - | €2,735 | €0 | ▼ 100% |
| Gross operating margin9900 | €116,523 | €33,315 | €20,042 | €41,063 | -€247,332 | ▼ 702% |
| Operating profit (loss)9901 | €97,055 | €24,456 | €12,947 | €4,881 | -€303,147 | ▼ 6,310% |
| Financial income75/76B | - | - | €63 | €12,202 | €20,196 | ▲ 65.5% |
| Recurring financial income75 | €0 | - | €63 | €12,202 | €20,196 | ▲ 65.5% |
| Financial charges65/66B | - | €12,603 | €5,158 | €12,070 | €2,000 | ▼ 83.4% |
| Recurring financial charges65 | €5,068 | €12,603 | €5,158 | €12,070 | €2,000 | ▼ 83.4% |
| Profit (loss) for the period before taxes9903 | €91,987 | €11,853 | €7,852 | €5,013 | -€284,951 | ▼ 5,784% |
| Income taxes67/77 | €117 | - | - | €5,048 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €91,870 | €11,853 | €7,852 | -€34 | -€284,951 | ▼ 832,848% |
| Profit (loss) for the period to be appropriated9905 | €91,870 | €11,853 | €7,852 | -€34 | -€284,951 | ▼ 832,848% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €1.1m | €1.1m | €763,753 | €401,693 | ▼ 47.4% |
| Fixed assets21/28 | €5,073 | €5,159 | €5,060 | €3,554 | €2,037 | ▼ 42.7% |
| Tangible fixed assets22/27 | €5,073 | €5,159 | €5,060 | €3,407 | €1,890 | ▼ 44.5% |
| Plant, machinery and equipment23 | - | €1,202 | €2,219 | €1,683 | €1,147 | ▼ 31.9% |
| Furniture and vehicles24 | - | €3,688 | €2,706 | €1,724 | €743 | ▼ 56.9% |
| Other tangible fixed assets26 | - | €269 | €135 | €0 | - | - |
| Financial fixed assets28 | - | - | - | €147 | €147 | = |
| Current assets29/58 | €1.1m | €1.1m | €1.1m | €760,198 | €399,656 | ▼ 47.4% |
| Amounts receivable within one year40/41 | €1.1m | €1.1m | €1.1m | €709,943 | €399,650 | ▼ 43.7% |
| Trade receivables40 | - | €1.1m | €950,000 | €412,192 | €74,172 | ▼ 82.0% |
| Other amounts receivable41 | - | €10,244 | €174,099 | €297,751 | €325,478 | ▲ 9.3% |
| Current investments50/53 | €0 | €0 | €0 | - | - | - |
| Cash at bank and in hand54/58 | €2,006 | €32 | €19 | €50,255 | €6 | ▼ 100.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €1.1m | €1.1m | €763,753 | €401,693 | ▼ 47.4% |
| Equity10/15 | €132,514 | €144,368 | €152,220 | €152,186 | -€132,766 | ▼ 187% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €136,492 | €136,492 | €136,492 | €136,492 | €136,492 | = |
| Non-distributable reserves130/1 | - | €51,860 | €51,860 | €51,860 | €51,860 | = |
| Reserves not available under the articles1311 | - | €51,860 | €51,860 | €51,860 | €51,860 | = |
| Distributable reserves133 | - | €84,632 | €84,632 | €84,632 | €84,632 | = |
| Profit (loss) carried forward14 | -€22,578 | -€10,724 | -€2,872 | -€2,906 | -€287,858 | ▼ 9,805% |
| Amounts payable17/49 | €984,577 | €967,330 | €976,958 | €611,567 | €534,459 | ▼ 12.6% |
| Amounts payable after more than one year17 | - | €25,000 | €25,000 | €0 | - | - |
| Financial debts170/4 | - | €25,000 | €25,000 | €0 | - | - |
| Amounts payable within one year42/48 | €684,577 | €642,330 | €771,958 | €431,567 | €354,459 | ▼ 17.9% |
| Current portion of amounts payable after more than one year42 | - | €3,379 | - | - | - | - |
| Financial debts43 | - | €25,000 | €68,200 | €44,400 | €39,400 | ▼ 11.3% |
| Credit institutions430/8 | - | €25,000 | €68,200 | €44,400 | €39,400 | ▼ 11.3% |
| Trade debts44 | €53,730 | €12,044 | €66,018 | €53,498 | €58,111 | ▲ 8.6% |
| Suppliers440/4 | - | €12,044 | €66,018 | €53,498 | €58,111 | ▲ 8.6% |
| Advances received on contracts in progress46 | - | €250,000 | €250,000 | €0 | - | - |
| Taxes, remuneration and social security45 | - | €17,578 | €30,442 | €23,060 | €50,037 | ▲ 117% |
| Taxes450/3 | - | €14,953 | €30,442 | €14,791 | €12,392 | ▼ 16.2% |
| Remuneration and social security454/9 | - | €2,625 | - | €8,269 | €37,645 | ▲ 355% |
| Other amounts payable47/48 | - | €334,328 | €357,298 | €310,609 | €206,910 | ▼ 33.4% |
| Accrued charges and deferred income492/3 | - | €300,000 | €180,000 | €180,000 | €180,000 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €91,870 | €11,853 | €7,852 | -€34 | -€284,951 | ▼ 832,848% |
| + Depreciation and write-downs630 | €2,424 | €1,183 | €1,512 | €1,652 | €1,518 | ▼ 8.1% |
| Operating cash flow (approximation) | €94,295 | €13,036 | €9,364 | €1,618 | -€283,434 | ▼ 17,615% |
| Investment in fixed assets (approximation) | - | -€1,269 | -€1,412 | -€147 | €0 | ▲ 100% |
| Change in cash | - | -€1,975 | -€13 | €50,236 | -€50,249 | ▼ 200% |
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
01-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 305 days late
2024
31-12
Financial
Weakest financial yearnet -€284,951
Net result drops to -€284,951, the lowest in the series.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
10-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 71 days late
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 346 days late
2022
31-12
Financial
Equity above €150,000Eq €152,220 ▲5.4%
5 profitable years in a row build equity to €152,220.
2021
15-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 76 days late
2020
31-12
Financial
Highest result since 2018net €91,870 ▲424%
Operating result €97,055, net result €91,870, both a record.
31-12
Financial
Equity above €100,000Eq €132,514 ▲226%
3 profitable years in a row build equity to €132,514.
15-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 137 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
19-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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-Genesius-Rode · 1 establishment unit since 2005
Ground area
1,311 m²
Building footprint
279 m²
Volume, LiDAR
2,164 m³
Parcel 22552F0002/00S085, Flanders · tallest building 11.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
CHESMA
since 20052.148.933.347
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22552F0002/00S085 | Flanders | 1,311 m² | 1 · 279 m² | 11.8 m · 3 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 7,326 companies in sector 68110 we hold annual accounts for 5,390. 3,815 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 (pre-2019)
Founded10-05-2005
Fiscal year end31-12
Activities, NACEBEL 2025
68122Development of non-residential building projects
68110Buying and selling of own real estate
82100Office administrative and support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0873719481
Also
9925:BE0873719481
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.