CHESTNOTE

Active

Public limited companyfounded 201511 yrs activeLamorinièrestraat 242, 2018 Antwerpen, BelgiumKBO/BCE: BE 0633.959.831

CHESTNOTE has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €364k and a net result of €169k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 95% of 2672 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

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Checked score

Score 2025

87 / 100

Excellent

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability100=

Solvency100=

Growth78=

Track record100

Bankruptcy probability, 12 months

0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €30k at 30 days acceptable

Liquidity ample (current ratio 33.09 against 4.98 in 2024; short-term debt: 3% and cash: 0% of total assets), and 3% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 62

Relative position

BE, all sectors

reference

Sector 62

lower

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

97%

Return on assets

45.1%

Age of the figures

9 mo

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Growing equity

Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.

NBB · annual accounts 2025

Equity per financial year

1819202122232425

2018 to 2025 · latest year €364k

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 10 filings

Deviation from the deadline

2025

31 d late

2024

61 d late

2023

30 d late

2022

122 d late

2021

3 d early

2020

24 d early

2019

77 d late

← before the deadline after the deadline →

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 months

Position in the running window

17-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, abbreviated schema

Turnover

€20k

EBIT margin

-796.6%

Net result

€169k▲ 16.2%

2024 · €146k

2018: €-161k 2019: €-88k 2020: €-46k 2021: €-37k 2022: €41 2023: €-2k 2024: €146k

2018 → 2025

Working capital

€364k▲ 87.0%

2024 · €195k

2018: €-13k 2019: €26k 2020: €57k 2021: €51k 2022: €47k 2023: €49k 2024: €195k

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€51k-€51k▲ 0.1%€49k▼ 4.5%€195k▲ 298%€364k▲ 87.0%

Operating result€-37k-€-4k▲ 90.6%€-2k▲ 36.2%€145k€167k▲ 15.1%

Net result€-37k-€41€-2k€146k€169k▲ 16.2%

Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result has risen four years in a row; 2025 is 15% above 2024 and is the highest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Equity and liabilities €375k

97.0%

Equity €364k▲ 87.0%

Debt €11k▼ 76.8%

The debt ratio falls from 20.1% to 3.0%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

Solvency

97.0%▲

2024 · 79.9%

Current ratio

33.09▲

2024 · 4.98

Quick ratio

33.09▲

2024 · 4.98

Debt / equity

0.03▼

2024 · 0.25

ROE

46.5%▼

2024 · 74.9%

ROA

45.1%▼

2024 · 59.8%

Debt

€11k▼

2024 · €49k

Debt ≤ 1 year

€11k▼

2024 · €49k

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€244k€375k▲

Current assets29/58€244k€375k▲

Amounts receivable within one year40/41€207k€375k▲

Trade receivables40€8k-

Other amounts receivable41€199k€375k▲

Cash at bank and in hand54/58€37k€6▼

Equity and liabilities

Total equity and liabilities10/49€244k€375k▲

Equity10/15€195k€364k▲

Contributions10/11€850k€850k=

Capital10€850k€850k=

Issued capital100€850k€850k=

Profit (loss) carried forward14€-655k€-486k▲

Amounts payable17/49€49k€11k▼

Amounts payable within one year42/48€49k€11k▼

Trade debts44€7k€6k▼

Suppliers440/4€7k€6k▼

Advances received on contracts in progress46€37k-

Other amounts payable47/48€5k€5k=

Income statement Code20242025

Other operating charges640/8€818€907▲

Gross operating margin9900€146k€168k▲

Operating profit (loss)9901€145k€167k▲

Financial income75/76B€1k€3k▲

Recurring financial income75€1k€3k▲

Financial charges65/66B€141€45▼

Recurring financial charges65€141€45▼

Profit (loss) for the period before taxes9903€146k€169k▲

Profit (loss) for the period9904€146k€169k▲

Profit (loss) for the period to be appropriated9905€146k€169k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-655k€-486k▲

Profit (loss) brought forward from the previous period14P€-801k€-655k▲

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 18Financial 8Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

31-08

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema · 31 days late

2025

31-12

Financial Highest result since 2018net €169k ▲16.2%

Operating result €167k, net result €169k, both a record.

31-12

Financial Liquidity times 7current ratio 33.09

Current ratio from 4.98 to 33.09; short-term debt falls from €49k to €11k.

31-12

Financial Equity above €200kEq €364k ▲87%

2 profitable years in a row build equity to €364k.

30-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 61 days late

2024

31-12

Financial Back to profitnet €146k

Net result €146k after one loss-making year.

31-12

Financial Equity above €150kEq €195k ▲298%

Equity rises from €49k to €195k.

30-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 30 days late

2023

30-11

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 122 days late

2022

31-12

Financial Back to profitnet €41

Net result €41 after 4 loss-making years.

28-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

07-07

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

31-12

Financial Liquidity times 7current ratio 37.51

Current ratio from 5.31 to 37.51; short-term debt falls from €6k to €2k.

16-10

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 77 days late

2019

31-12

Financial Liquidity times 9current ratio 5.31

Current ratio from 0.57 to 5.31; short-term debt falls from €31k to €6k.

19-07

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

24-09

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 55 days late

2017

13-07

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, Antwerpen · 1 establishment unit since 2015

establishment The establishment unit on the map

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.

Lamorinièrestraat 2422018 Antwerpen

Ground area

1,094 m²

Building footprint

372 m²

Volume, LiDAR

3,776 m³

2 parcels, Flanders · tallest building 17.5 m, ±5 floors. Linked by address, not a title deed.

1 establishment unit

Lange Kroonstraat 12, 2530 Boechout

Computer programming, consultancy and related activities

since 20152.245.037.878

2 parcels

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11806F1348/00Z009 ProtectedMonumentHotel Bamdas-TolkowskySource ↗	Flanders	930 m²	1 · 276 m²	17.5 m · 5 fl.
11004D0123/00H002	Flanders	164 m²	1 · 96 m²	12.3 m · 3 fl.