CHESTNOTE
ActiveSummary
CHESTNOTE has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €364,152 and a net result of €169,404. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 95% of 3,387 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 20-07-2015 Normal situation
- Activity
- Computer programming NACE 62100and 3 others
- Establishment unit
- 2.245.037.878 2530 Boechout, since 20-07-2015
- Financial year end
- 31 December
- Peppol
- Reachable since 31-12-2025
Board and ownership
- Château de SteinbachDirector · permanent representative Carolien Bootsma
- RAEYMAKERS MartinDirector
- Château de Steinbach100%2024 annual accounts of Château de Steinbach
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.6%
- Gross margin
- €167,513
- ▲ 15.1%
- Turnover
- ≈ €270,000
- estimated
- Profit
- €169,404
- ▲ 16.2%
- Equity
- €364,152
- ▲ 87.0%
- Total assets
- €375,499
- ▲ 54.1%
- 2025 accounts filed 31 days after the deadline
Score breakdownraises riskLiquidity: current ratio 33.09, cash €6, halvedLast filed accounts filed 31 days late; 2 of the last 3 accounts latelowers riskSector: Computer programming, consultancy and related activities (NACE 62)Equity €364,152 (97.0% of total assets)Show the evidence
Checked score
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 62, micro). It does better than 85% of them on solvency, 30% on liquidity, 82% on profitability and 88% on growth.
The bankruptcy probability was computed on 01-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 42 days after the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
2025 annual accounts filed 31 days after the deadline Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00491228.
Annual accounts 2025 filed on 31-08-2026 at the NBB all 10 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is 15% higher than in 2024 and the highest since 2021. It is the fourth rise in a row.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Financial fixed assets | - | €4,050 | - | - | - |
| Depreciation and write-downs of the year | €30,548 | - | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as CHESTNOTE: computer programming (NACE 62100). They are comparable in size and age: total assets between €344,000 and €434,000, founded between 2015 and 2016.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| CHESTNOTE Antwerpen | 2015 | €375,499 | €364,152 | €167,513 | €169,404 | - | 2025 |
| FURORA Aartselaar | 2016 | €365,868 | €324,953 | €169,666 | €125,750 | - | 2025 |
| Cyrim Antwerpen | 2016 | €416,912 | €324,198 | €149,787 | €51,859 | 1 | 2025 |
| DickyTall Antwerpen | 2015 | €434,235 | €206,638 | €144,904 | €40,492 | - | 2025 |
| emileon Brasschaat | 2016 | €360,430 | €12,481 | €138,745 | -€88,507 | - | 2025 |
| IT Studio Zottegem | 2015 | €393,855 | €242,781 | €169,552 | €148,300 | - | 2025 |
| CYBER-WEB.BE Ciney | 2015 | €344,197 | €182,265 | €159,988 | €69,318 | - | 2025 |
They were chosen from the 9,111 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 34,693 companies had the same profile as CHESTNOTE has now. Two years later, 0.7% had gone bankrupt and 95.3% were still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of CHESTNOTE itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for CHESTNOTE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €20,120 | - | - | - | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €3,398 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | -€502 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €91,874 | €91,080 | €77,472 | €30,548 | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €449 | €102 | €348 | €818 | €907 | ▲ 10.9% |
| Gross operating margin9900 | -€8,942 | €6,931 | €31,477 | -€6,836 | -€3,398 | -€1,887 | €145,522 | €167,513 | ▲ 15.1% |
| Operating profit (loss)9901 | -€160,280 | -€88,032 | -€46,183 | -€37,330 | -€3,500 | -€2,235 | €144,704 | €166,606 | ▲ 15.1% |
| Financial income75/76B | - | - | - | €583 | €3,589 | €21 | €1,244 | €2,844 | ▲ 129% |
| Recurring financial income75 | - | - | - | €583 | €3,589 | €21 | €1,244 | €2,844 | ▲ 129% |
| Financial charges65/66B | - | - | - | €35 | €48 | €112 | €141 | €45 | ▼ 68.0% |
| Recurring financial charges65 | €482 | €240 | €109 | €35 | €48 | €112 | €141 | €45 | ▼ 68.0% |
| Profit (loss) for the period before taxes9903 | -€160,762 | -€88,272 | -€46,291 | -€36,781 | €41 | -€2,326 | €145,807 | €169,404 | ▲ 16.2% |
| Profit (loss) for the period9904 | -€160,762 | -€88,272 | -€46,291 | -€36,781 | €41 | -€2,326 | €145,807 | €169,404 | ▲ 16.2% |
| Profit (loss) for the period to be appropriated9905 | -€160,762 | -€88,272 | -€46,291 | -€36,781 | €41 | -€2,326 | €145,807 | €169,404 | ▲ 16.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €216,607 | €140,402 | €89,581 | €54,516 | €61,360 | €65,047 | €243,703 | €375,499 | ▲ 54.1% |
| Fixed assets21/28 | €199,100 | €108,020 | €30,548 | €0 | €4,050 | - | - | - | - |
| Intangible fixed assets21 | €199,100 | €108,020 | €30,548 | €0 | - | - | - | - | - |
| Financial fixed assets28 | - | - | - | - | €4,050 | - | - | - | - |
| Current assets29/58 | €17,507 | €32,383 | €59,034 | €54,516 | €57,310 | €65,047 | €243,703 | €375,499 | ▲ 54.1% |
| Amounts receivable within one year40/41 | €14,308 | €2,158 | €2,536 | €52,590 | €57,298 | €65,034 | €206,774 | €375,493 | ▲ 81.6% |
| Trade receivables40 | - | - | - | - | - | - | €8,028 | - | - |
| Other amounts receivable41 | - | - | - | €52,590 | €57,298 | €65,034 | €198,746 | €375,493 | ▲ 88.9% |
| Current investments50/53 | - | - | €50,000 | €0 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €2,746 | €29,208 | €5,711 | €557 | €12 | €13 | €36,929 | €6 | ▼ 100.0% |
| Deferred charges and accrued income490/1 | - | - | - | €1,370 | - | - | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €216,607 | €140,402 | €89,581 | €54,516 | €61,360 | €65,047 | €243,703 | €375,499 | ▲ 54.1% |
| Equity10/15 | €146,070 | €134,299 | €88,007 | €51,226 | €51,267 | €48,941 | €194,748 | €364,152 | ▲ 87.0% |
| Contributions10/11 | €773,500 | €850,000 | €850,000 | €850,000 | €850,000 | €850,000 | €850,000 | €850,000 | = |
| Capital10 | - | - | - | €850,000 | €850,000 | €850,000 | €850,000 | €850,000 | = |
| Issued capital100 | - | - | - | €850,000 | €850,000 | €850,000 | €850,000 | €850,000 | = |
| Profit (loss) carried forward14 | -€627,429 | -€715,701 | -€761,992 | -€798,773 | -€798,733 | -€801,059 | -€655,252 | -€485,847 | ▲ 25.9% |
| Amounts payable17/49 | €70,536 | €6,104 | €1,574 | €3,290 | €10,093 | €16,106 | €48,955 | €11,347 | ▼ 76.8% |
| Amounts payable after more than one year17 | €40,000 | €0 | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €30,510 | €6,104 | €1,574 | €3,290 | €10,093 | €16,106 | €48,955 | €11,347 | ▼ 76.8% |
| Trade debts44 | €20,465 | €5,651 | €438 | €3,290 | €5,793 | €8,857 | €7,115 | €6,456 | ▼ 9.3% |
| Suppliers440/4 | - | - | - | €3,290 | €5,793 | €8,857 | €7,115 | €6,456 | ▼ 9.3% |
| Advances received on contracts in progress46 | - | - | - | - | - | €2,949 | €36,949 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0 | - | - | - | - | - |
| Taxes450/3 | - | - | - | €0 | - | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €0 | €4,300 | €4,300 | €4,891 | €4,891 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€160,762 | -€88,272 | -€46,291 | -€36,781 | €41 | -€2,326 | €145,807 | €169,404 | ▲ 16.2% |
| + Depreciation and write-downs630 | €91,874 | €91,080 | €77,472 | €30,548 | - | - | - | - | - |
| Operating cash flow (approximation) | -€68,888 | €2,809 | €31,181 | -€6,234 | €41 | -€2,326 | €145,807 | €169,404 | ▲ 16.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€4,050 | - | - | - | - |
| Change in cash | - | €26,462 | -€23,497 | -€5,154 | -€545 | €1 | €36,916 | -€36,922 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 31-08-2026 | 2026-00491228 | NBB |
| 31-12-2024 | micro format | 30-09-2025 | 2025-00524882 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00433303 | |
| 31-12-2022 | micro format | 30-11-2023 | 2023-00524642 | |
| 31-12-2021 | micro format | 28-07-2022 | 2022-20237190 | |
| 31-12-2020 | micro format | 07-07-2021 | 2021-32200164 | |
| 31-12-2019 | micro format | 16-10-2020 | 2020-61700406 | |
| 31-12-2018 | micro format | 19-07-2019 | 2019-35500331 | |
| 31-12-2017 | micro format | 24-09-2018 | 2018-64200468 | |
| 31-12-2016 | abbreviated format | 13-07-2017 | 2017-31600573 |
Board & ownership
Directors
Board 2
Permanent representatives 1
Owners and capital
Shareholders
1 ownerChain of control
- Château de Steinbach
- CHESTNOTE
Owners 1
- Château de SteinbachparentEquity €1.9m Loss of €8,489 in 2024 (profit of €70,226 in 2023)100%
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Château de Steinbach |
|
| RAEYMAKERS Martin |
|
| AMRA MANAGEMENT |
|
| TOMTHUMB |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Indien algemene vergadering slechts één bestuurder benoemt, enige bestuurder niet persoonlijk gehouden tot verbintenissen vennootschap”
Articles of association, deed of 29-12-2023 (in Dutch)
Network & group
Connections & network
2 current directorsThe board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
Timeline
Acts, filings and financial milestones
29-12
Gazette deed
Amendment of the articles1 point ▸
- Amendment of the articles, mentioned 2 times in the deed
11-01
Gazette deed
Registered office moved from Boechout to AntwerpenResignations: TOMTHUMB BV (director) and AMRA MANAGEMENT BV (director) · Permanent representatives: Tom Le Clef, Peter Wellens and Carolien Bootsma · Appointment: Château de Steinbach NV (director)7 points ▸
- Director resignation, TOMTHUMB BV (director)
- Director resignation, AMRA MANAGEMENT BV (director)
- Permanent representative, Tom Le Clef
- Permanent representative, Peter Wellens
- Director appointment, Château de Steinbach NV (director)
- Permanent representative, Carolien Bootsma
- Registered-office move, Lamorinièrestraat 242,bus 1,2018 Antwerpen
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11806F1348/00Z009 | Flanders | 930 m² | 1 · 276 m² | 17.5 m · 5 |
| 11004D0123/00H002 | Flanders | 164 m² | 1 · 96 m² | 12.3 m · 3 |
1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.