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CHEVALEAN

Active2 interim measures
Public limited companyfounded 199134 yrs activePamelsestraat 394, 1770 Liedekerke, BelgiumKBO/BCE: BE 0446.162.980
Summary

The file of CHEVALEAN contains 2 interim measures, as published in the Belgian State Gazette. The computed 12-month bankruptcy probability is 0.8% (low). The 2024 annual accounts show negative equity (-€42,182) and a net result of -€3,558. Equity is shrinking by ~49.3% per year across the filed fiscal years. Its solvency ranks better than 20% of 15869 sector peers (fiscal year 2024).

Checked score

Score 2024
Axes · tick = 2023
Profitability37=
Solvency22=
Growth32=
Track record80
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.97 against 0.97 in 2023; short-term debt: 103.2% of total assets), and equity is negative.
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Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 34 years 0 40 y
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 2024
Solvency, return and age of the figures
Solvency
-3.2%
Return on assets
-0.3%
Age of the figures
21 mo
raises risk · Interim administrator appointed
A court appointed an interim administrator, which usually happens once continuity is already under threat.
Belgian State Gazette
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year -€42,182
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-07-2025, 1 day ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
1 d early
2023
72 d late
2022
71 d late
2021
3 d early
2020
339 d late
2019
211 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 115 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (1)
neutral · 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

History

On 23 December 1991, CHEVALEAN was incorporated.1 Total assets went from EUR 1.3 million in 2018 to EUR 1.3 million in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, micro schema

Equity
-€42,182▼ 9.2%
2023 · -€38,624
Total assets
€1.3m=
2023 · €1.3m
Net result
-€3,558▼ 49.0%
2023 · -€2,388
Working capital
-€42,182▼ 9.2%
2023 · -€38,624
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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-€119-€1,520▼ 1,174%-€8,517▼ 460%-€2,388▲ 72.0%-€3,558▼ 49.0%
Net result-€119within the sector's middle half-€1,520within the sector's middle half▼ 1,174%-€24,621below the sector's middle half▼ 1,520%-€2,388within the sector's middle half▲ 90.3%-€3,558within the sector's middle half▼ 49.0%
Equity-€10,095below the sector's middle half▼ 1.2%-€11,615below the sector's middle half▼ 15.1%-€36,236below the sector's middle half▼ 212%-€38,624below the sector's middle half▼ 6.6%-€42,182below the sector's middle half▼ 9.2%
Total assets€1.3mabove the sector's middle half=€1.3mabove the sector's middle half=€1.3mabove the sector's middle half=€1.3mabove the sector's middle half=€1.3mabove the sector's middle half=
Debt€1.3m=€1.3m▲ 0.1%€1.4m▲ 1.8%€1.4m▲ 0.2%€1.4m▲ 0.3%
Working capital-€10,095below the sector's middle half▼ 1.2%-€11,615below the sector's middle half▼ 15.1%-€36,236below the sector's middle half▼ 212%-€38,624below the sector's middle half▼ 6.6%-€42,182below the sector's middle half▼ 9.2%
Solvency-0.8%below the sector's middle half=-0.9%below the sector's middle half▼ 0.1pp-2.7%below the sector's middle half▼ 1.8pp-2.9%below the sector's middle half▼ 0.2pp-3.2%below the sector's middle half▼ 0.3pp
Current ratio0.99within the sector's middle half=0.99within the sector's middle half=0.97within the sector's middle half▼ 0.020.97within the sector's middle half=0.97within the sector's middle half=
Return on assets (ROA)0.0%within the sector's middle half-0.1%within the sector's middle half▼ 0.1pp-1.8%within the sector's middle half▼ 1.7pp-0.2%within the sector's middle half▲ 1.7pp-0.3%within the sector's middle half▼ 0.1pp
above within below the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€30,000-€20,000-€10,000€0Operating result 2020: -€119-€119Net result 2020: -€119-€119Operating result 2021: -€1,520-€1,520Net result 2021: -€1,520-€1,520Operating result 2022: -€8,517-€8,517Net result 2022: -€24,621-€24,621Operating result 2023: -€2,388-€2,388Net result 2023: -€2,388-€2,388Operating result 2024: -€3,558-€3,558Net result 2024: -€3,558-€3,55820202021202220232024-€30,000-€20,000-€10,000€0Operating result 2022: -€8,517-€8,520Net result 2022: -€24,621-€24,600Operating result 2023: -€2,388-€2,390Net result 2023: -€2,388-€2,390Operating result 2024: -€3,558-€3,560Net result 2024: -€3,558-€3,560202220232024
The operating result stays negative: a loss of €3,558 in 2024 against €2,388 in 2023; the loss grows.
Key figures and ratios
2024 value · change against 2023
Debt to equity
-32.71▲
2023 · -35.63
Debt ≤ 1 year
€1.4m▲
2023 · €1.4m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,241 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 93% are still going.

  • Small
  • 20 years or older
  • negative equity
  • a small loss
1.8% went bankrupt
4.0% stopped otherwise
93% still going

A further 1.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.

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%.

The companies in ten equal groups, from lowest to highest expected share.
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 1,241 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 26 lines
Balance sheet Code20232024
Assets
Total assets20/58€1.3m€1.3m=
Current assets29/58€1.3m€1.3m=
Amounts receivable within one year40/41€1.3m€1.3m=
Other amounts receivable41€1.3m€1.3m=
Equity and liabilities
Total equity and liabilities10/49€1.3m€1.3m=
Equity10/15-€38,624-€42,182▼
Contributions10/11€62,000€62,000=
Capital10€62,000€62,000=
Issued capital100€62,000€62,000=
Reserves13€6,200€6,200=
Non-distributable reserves130/1€6,200€6,200=
Legal reserve130€6,200€6,200=
Profit (loss) carried forward14-€106,824-€110,382▼
Amounts payable17/49€1.4m€1.4m▲
Amounts payable within one year42/48€1.4m€1.4m▲
Trade debts44€1,296€1,741▲
Suppliers440/4€1,296€1,741▲
Other amounts payable47/48€1.4m€1.4m▲
Income statement Code20232024
Other operating charges640/8€1,092€1,122▲
Gross operating margin9900-€1,296-€2,436▼
Operating profit (loss)9901-€2,388-€3,558▼
Profit (loss) for the period before taxes9903-€2,388-€3,558▼
Profit (loss) for the period9904-€2,388-€3,558▼
Profit (loss) for the period to be appropriated9905-€2,388-€3,558▼
Appropriation of the result
Profit (loss) to be appropriated9906-€106,824-€110,382▼
Profit (loss) brought forward from the previous period14P-€104,436-€106,824▼
Line20202021202220232024Change
Other operating charges640/8€119€221€5,113€1,092€1,122▲ 2.8%
Gross operating margin9900--€1,299-€3,404-€1,296-€2,436▼ 87.9%
Operating profit (loss)9901-€119-€1,520-€8,517-€2,388-€3,558▼ 49.0%
Profit (loss) for the period before taxes9903-€119-€1,520-€8,517-€2,388-€3,558▼ 49.0%
Income taxes67/77--€16,104---
Profit (loss) for the period9904-€119-€1,520-€24,621-€2,388-€3,558▼ 49.0%
Profit (loss) for the period to be appropriated9905-€119-€1,520-€24,621-€2,388-€3,558▼ 49.0%
Line20202021202220232024Change
Assets
Total assets20/58€1.3m€1.3m€1.3m€1.3m€1.3m=
Current assets29/58€1.3m€1.3m€1.3m€1.3m€1.3m=
Amounts receivable within one year40/41€1.3m€1.3m€1.3m€1.3m€1.3m=
Other amounts receivable41€1.3m€1.3m€1.3m€1.3m€1.3m=
Equity and liabilities
Total equity and liabilities10/49€1.3m€1.3m€1.3m€1.3m€1.3m=
Equity10/15-€10,095-€11,615-€36,236-€38,624-€42,182▼ 9.2%
Contributions10/11€62,000€62,000€62,000€62,000€62,000=
Capital10€62,000€62,000€62,000€62,000€62,000=
Issued capital100€62,000€62,000€62,000€62,000€62,000=
Reserves13€6,200€6,200€6,200€6,200€6,200=
Non-distributable reserves130/1€6,200€6,200€6,200€6,200€6,200=
Legal reserve130€6,200€6,200€6,200€6,200€6,200=
Profit (loss) carried forward14-€78,295-€79,815-€104,436-€106,824-€110,382▼ 3.3%
Amounts payable17/49€1.3m€1.3m€1.4m€1.4m€1.4m▲ 0.3%
Amounts payable within one year42/48€1.3m€1.3m€1.4m€1.4m€1.4m▲ 0.3%
Trade debts44--€1,503€1,296€1,741▲ 34.3%
Suppliers440/4--€1,503€1,296€1,741▲ 34.3%
Other amounts payable47/48€1.3m€1.3m€1.4m€1.4m€1.4m▲ 0.2%
Line20202021202220232024Change
Profit (loss) for the period9904-€119-€1,520-€24,621-€2,388-€3,558▼ 49.0%
Operating cash flow (approximation)-€119-€1,520-€24,621-€2,388-€3,558▼ 49.0%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
30-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
11-10
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 72 days late
2023
10-10
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 71 days late
20-01
Interim measure Provisional administrator
Ondernemingsrechtbank Gent · Tineke Van Weyenberg
2022
31-12
Financial Weakest financial yearnet -€24,621
Net result drops to -€24,621, the lowest in the series; recovery starts the following year.
28-07
Interim measure Provisional administrator
Ondernemingsrechtbank Gent · Tineke Van Weyenberg · event 25-07-2022
28-07
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
05-07
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 339 days late
2021
27-02
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema · 211 days late
27-02
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema · 577 days late
27-02
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema · 942 days late
2018
23-04
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 266 days late
11-04
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 619 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts

We know of 6 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
6 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, Liedekerke · 1 establishment unit since 2001
seat establishment The establishment unit on the map
Ground area
1,200 m²
Building footprint
172 m²
Volume, LiDAR
1,403 m³
Parcel 23762D0465/00A002, Flanders · tallest building 30.3 m, ±3 floors. Linked by address, not a title deed.
6 companies at this address See who is registered here
1 establishment unit
Pamelsestraat 394, 1770 Liedekerke
NACE 65231
since 20012.058.427.003
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23762D0465/00A002 Flanders 1,200 m² 1 · 172 m² 30.3 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.

Insolvency mandates

1 mandate
Role Name Tenure
Interim administrator Tineke Van Weyenberg 20-01-2023 → present

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 757 companies in sector 46321 we hold annual accounts for 554. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded23-12-1991
Fiscal year end31-12
Activities, NACEBEL 2025
46321Wholesale of meat and meat products, excluding game and poultry
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 29 September 2026 · Peppol Directory

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