CHEYENNE
ActiveSummary
The computed 12-month bankruptcy probability of CHEYENNE is 1.8% (moderate). The 2025 annual accounts show equity of €300,666 and a net result of -€191,426. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 40% of 1535 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability2▲+2
Solvency46▼-12
Growth35=
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.04 against 0.02 in 2024; short-term debt: 62.5% and cash: 1.7% of total assets), and 79.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 77
Relative position
BE, all sectors
reference
Rental and leasing activities (NACE 77)
about 44% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€191,426
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 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 · 7 filingsDeviation from the deadline
2025
18 d late
2024
17 d late
2023
25 d late
2022
12 d early
2021
54 d late
2020
51 d late
2019
53 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 29 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
neutral · 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. Usually files around 18 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€36,628▼ 36.7%
2019 · €57,851
EBIT margin
-88.8%▼ 43.2pp
2019 · -45.6%
Net result
-€191,426▲ 22.9%
2024 · -€248,179
Working capital
-€871,704▲ 3.7%
2024 · -€905,279
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 77, Rental and leasing 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
Line20212022202320242025
Turnover
Operating result-€84,570▼ 160%-€67,993▲ 19.6%-€147,801▼ 117%-€248,028▼ 67.8%-€191,421▲ 22.8%
Net result-€84,631below the sector's middle half▼ 159%-€68,209below the sector's middle half▲ 19.4%-€147,858below the sector's middle half▼ 117%-€248,179below the sector's middle half▼ 67.8%-€191,426below the sector's middle half▲ 22.9%
EBIT margin
Equity€11,338within the sector's middle half▼ 72.3%-€111,871below the sector's middle half€740,271above the sector's middle half€492,092within the sector's middle half▼ 33.5%€300,666above the sector's middle half▼ 38.9%
Total assets€693,086above the sector's middle half▲ 17.8%€896,305above the sector's middle half▲ 29.3%€1.7mabove the sector's middle half▲ 92.5%€1.5mwithin the sector's middle half▼ 12.7%€1.5mabove the sector's middle half▼ 3.3%
Debt€681,747▲ 24.5%€1.0m▲ 47.9%€985,293▼ 2.3%€1.0m▲ 2.9%€1.2m▲ 13.9%
Working capital-€615,804below the sector's middle half▼ 32.5%-€877,763below the sector's middle half▼ 42.5%-€643,237below the sector's middle half▲ 26.7%-€905,279below the sector's middle half▼ 40.7%-€871,704below the sector's middle half▲ 3.7%
Solvency1.6%below the sector's middle half▼ 5.3pp-12.5%below the sector's middle half▼ 14.1pp42.9%within the sector's middle half▲ 55.4pp32.7%within the sector's middle half▼ 10.2pp20.6%within the sector's middle half▼ 12.0pp
Current ratio0.10below the sector's middle half▼ 0.050.04below the sector's middle half▼ 0.060.28below the sector's middle half▲ 0.240.02below the sector's middle half▼ 0.260.04below the sector's middle half▲ 0.03
Return on assets (ROA)-12.2%below the sector's middle half▼ 6.7pp-7.6%below the sector's middle half▲ 4.6pp-8.6%below the sector's middle half▼ 1.0pp-16.5%below the sector's middle half▼ 7.9pp-13.1%below the sector's middle half▲ 3.3pp
above
within
below
the middle half (P25 to P75) of NACE 77, Rental and leasing activities, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2024 Net result -68% on 2023. The accounts now follow the full schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €191,421 in 2025 against €248,028 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.5m
Fixed assets
€1.4m ▼ 5.0%
Current assets
€38,712 ▲ 179%
Equity and liabilities €1.5m
Equity
€300,666 ▼ 38.9%
Debt
€1.2m ▲ 13.9%
Debt's share of the balance-sheet total rises from 67.3% to 79.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€116,421▼
2024 · -€50,042
Cash flow
-€116,425▼
2024 · -€50,193
Debt to equity
3.84▲
2024 · 2.06
ROE
-63.7%▼
2024 · -50.4%
Interest coverage
-25253.96▼
2024 · -331.08
Debt ≤ 1 year
€910,416▼
2024 · €919,161
Debt > 1 year
€245,000▲
2024 · €95,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 121 companies that looked in July 2024 the way this one looks now, 5.8% went bankrupt within 24 months and 86% are still going.
- Small
- 5 to 10 years old
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
5.8%
went bankrupt
5.8%
stopped otherwise
86%
still going
A further 2.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.8% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 121 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €75,000 | €75,000 | €75,000 | €197,986 | €75,000 | ▼ 62.1% |
| Other operating charges640/8 | €522 | €348 | €2,867 | €968 | €998 | ▲ 3.2% |
| Non-recurring operating charges66A | - | - | €18 | - | - | - |
| Gross operating margin9900 | -€9,047 | €7,354 | -€69,916 | -€49,075 | -€115,422 | ▼ 135% |
| Operating profit (loss)9901 | -€84,570 | -€67,993 | -€147,801 | -€248,028 | -€191,421 | ▲ 22.8% |
| Financial income75/76B | - | - | €5 | - | - | - |
| Recurring financial income75 | - | - | €5 | - | - | - |
| Financial charges65/66B | €61 | €216 | €62 | €151 | €5 | ▼ 97.0% |
| Recurring financial charges65 | €61 | €216 | €62 | €151 | €5 | ▼ 97.0% |
| Profit (loss) for the period before taxes9903 | -€84,631 | -€68,209 | -€147,858 | -€248,179 | -€191,426 | ▲ 22.9% |
| Profit (loss) for the period9904 | -€84,631 | -€68,209 | -€147,858 | -€248,179 | -€191,426 | ▲ 22.9% |
| Profit (loss) for the period to be appropriated9905 | -€84,631 | -€68,209 | -€147,858 | -€248,179 | -€191,426 | ▲ 22.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €693,086 | €896,305 | €1.7m | €1.5m | €1.5m | ▼ 3.3% |
| Fixed assets21/28 | €627,142 | €860,892 | €1.5m | €1.5m | €1.4m | ▼ 5.0% |
| Tangible fixed assets22/27 | €627,142 | €860,892 | €1.5m | €1.4m | €1.4m | ▼ 5.2% |
| Furniture and vehicles24 | €627,142 | €662,483 | €636,083 | €598,931 | €523,931 | ▼ 12.5% |
| Assets under construction and advance payments27 | - | €198,409 | €842,425 | €842,425 | €842,425 | = |
| Financial fixed assets28 | - | - | - | €51,015 | €51,015 | = |
| Current assets29/58 | €65,943 | €35,413 | €247,056 | €13,882 | €38,712 | ▲ 179% |
| Amounts receivable within one year40/41 | €25,968 | €29,772 | €34,228 | €2,004 | €13,451 | ▲ 571% |
| Trade receivables40 | €25,968 | €25,968 | €25,968 | €658 | €11,587 | ▲ 1,662% |
| Other amounts receivable41 | - | €3,804 | €8,260 | €1,346 | €1,864 | ▲ 38.4% |
| Cash at bank and in hand54/58 | €38,364 | €4,933 | €212,828 | €11,878 | €25,261 | ▲ 113% |
| Deferred charges and accrued income490/1 | €1,611 | €709 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €693,086 | €896,305 | €1.7m | €1.5m | €1.5m | ▼ 3.3% |
| Equity10/15 | €11,338 | -€111,871 | €740,271 | €492,092 | €300,666 | ▼ 38.9% |
| Contributions10/11 | €155,000 | €100,000 | €1.1m | €1.1m | €1.1m | = |
| Profit (loss) carried forward14 | -€143,662 | -€211,871 | -€359,729 | -€607,908 | -€799,334 | ▼ 31.5% |
| Amounts payable17/49 | €681,747 | €1.0m | €985,293 | €1.0m | €1.2m | ▲ 13.9% |
| Amounts payable after more than one year17 | - | €95,000 | €95,000 | €95,000 | €245,000 | ▲ 158% |
| Financial debts170/4 | - | €95,000 | €95,000 | €95,000 | €245,000 | ▲ 158% |
| Amounts payable within one year42/48 | €681,747 | €913,176 | €890,293 | €919,161 | €910,416 | ▼ 1.0% |
| Financial debts43 | €3,137 | €3,054 | €3,054 | €4,819 | €1,572 | ▼ 67.4% |
| Credit institutions430/8 | €3,137 | €3,054 | €3,054 | €4,819 | €1,572 | ▼ 67.4% |
| Trade debts44 | €26,858 | €62,915 | €40,020 | €29,767 | €18,346 | ▼ 38.4% |
| Suppliers440/4 | €26,858 | €62,915 | €40,020 | €29,767 | €18,346 | ▼ 38.4% |
| Taxes, remuneration and social security45 | €2,195 | - | - | - | €10 | - |
| Taxes450/3 | €2,195 | - | - | - | €10 | - |
| Other amounts payable47/48 | €649,557 | €847,207 | €847,219 | €884,575 | €890,488 | ▲ 0.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€84,631 | -€68,209 | -€147,858 | -€248,179 | -€191,426 | ▲ 22.9% |
| + Depreciation and write-downs630 | €75,000 | €75,000 | €75,000 | €197,986 | €75,000 | ▼ 62.1% |
| Operating cash flow (approximation) | -€9,630 | €6,791 | -€72,858 | -€50,193 | -€116,425 | ▼ 132% |
| Investment in fixed assets (approximation) | - | -€308,750 | -€692,616 | -€211,849 | €0 | ▲ 100% |
| Change in cash | - | -€33,432 | €207,896 | -€200,950 | €13,383 | ▲ 107% |
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
Next filing, fiscal year 2026, expected by
2026
18-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 18 days late
2025
17-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 17 days late
2024
31-12
Financial
Weakest financial yearnet -€248,179
Net result drops to -€248,179, the lowest in the series; recovery starts the following year.
25-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 25 days late
2023
31-12
Financial
Equity above €500,000Eq €740,271
Equity rises from -€111,871 to €740,271.
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
23-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 54 days late
2021
20-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 51 days late
2020
22-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 53 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Faimes · 1 establishment unit since 2019
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.
Rue A. Braas 514317 Faimes1 establishment unit
CHEYENNE
since 20192.291.948.761
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Of 108 companies in sector 77350 we hold annual accounts for 71. 52 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
Founded04-01-2019
Fiscal year end31-12
Activities, NACEBEL 2025
77350Rental and leasing activities
Contact
E-mail
xavier.bourlard@aol.be
Phone
0474987221
E-invoicing
Reachable via Peppol
Peppol ID
0208:0717646481
Also
9925:BE0717646481
Registered
17-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.