CHIAPPARO CONSTRUCTIONS
Annual accounts 2025
abbreviated format, filed on 26-08-2026, 26 days lateGross margin
-€5,317
▼ €190,815
Operating result
-€6,322
▼ €191,236
EBITDA
-
Cash flow
-
Solvency
44.9%
▲ 24.0 percentage points
Current ratio
1.98
▼ 0.21
Turnover: not included in this filing.
Money flows
no detail for 2025Balance sheet
balance sheet total €333,612 on 31-12-2025What the company ownsHow it is paid for
Change in equityin euro
Change in cashin euro
Position in the sector
Solvency44.9%
Higher than 57% of 2,805 companies in 2025.
Current ratio1.98
Higher than 61% of 2,734 companies in 2025.
Return on assets-1.2%
Higher than 21% of 2,770 companies in 2025.
CHIAPPARO CONSTRUCTIONS
Middle half of the sector
80% of the sector
Abbreviated accounts in construction of buildings (NACE 41)
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||
Total assets20/58 |
333,612 | 734,888 | 967,266 | 108,891 | 125,421 | 1.0m | 435,188 | 352,173 | 464,515 | 628,774 | 48,791 | |
Fixed assets21/28 |
2,777 | 2,587 | 666 | 666 | 617 | 617 | 34,864 | 52,933 | 71,050 | - | 1,824 | |
Tangible fixed assets22/27 |
- | - | - | - | - | - | 34,319 | 52,433 | 70,550 | 1,709 | 1,824 | |
Plant, machinery and equipment23 |
- | - | - | - | - | - | - | 406 | 812 | 1,217 | 1,624 | |
Furniture and vehicles24 |
- | - | - | - | - | - | 34,319 | 52,027 | 69,738 | 492 | 200 | |
Financial fixed assets28 |
2,777 | 2,587 | 666 | 666 | 617 | 617 | 545 | 500 | 500 | - | - | |
Current assets29/58 |
330,835 | 732,301 | 966,600 | 108,225 | 124,803 | 1.0m | 400,324 | 299,240 | 393,465 | 627,065 | 46,968 | |
Stocks and contracts in progress3 |
207,639 | 531,999 | 847,580 | 31,644 | 19,038 | 729,274 | 362,051 | 253,225 | 215,389 | 536,206 | 26,045 | |
Stocks30/36 |
207,639 | 531,999 | 847,580 | 2,315 | 2,315 | 121,494 | 172,113 | 190,121 | 73,857 | 2,200 | - | |
Contracts in progress37 |
- | - | - | 29,329 | 16,723 | 607,781 | 189,939 | 63,104 | 141,532 | 534,006 | 26,045 | |
Amounts receivable within one year40/41 |
114,921 | 0 | 60,503 | 50,629 | 1,067 | 229,201 | 2,000 | 4,511 | 127,663 | 69,295 | - | |
Trade receivables40 |
0 | 0 | 58,469 | - | - | 220,861 | 2,000 | - | 127,663 | 60,771 | - | |
Other amounts receivable41 |
114,921 | 0 | 2,035 | 50,629 | 1,067 | 8,340 | - | 4,511 | - | 8,524 | - | |
Cash at bank and in hand54/58 |
7,236 | 197,946 | 55,479 | 24,310 | 102,513 | 49,501 | 32,970 | 37,592 | 47,665 | 21,465 | 19,091 | |
Deferred charges and accrued income490/1 |
1,039 | 2,356 | 3,038 | 1,642 | 2,185 | 7,452 | 3,302 | 3,913 | 2,748 | 99 | 1,832 | |
| Balance sheet: equity and liabilities | ||||||||||||
Total equity and liabilities10/49 |
333,612 | 734,888 | 967,266 | 108,891 | 125,421 | 1.0m | 435,188 | 352,173 | 464,515 | 628,774 | 48,791 | |
Equity10/15 |
149,839 | 153,844 | 67,249 | 85,966 | 101,453 | 56,148 | 39,954 | 38,225 | 48,887 | 31,259 | 9,300 | |
Contributions10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | - | 6,200 | |
Capital10 |
- | - | - | - | - | - | - | - | - | 18,600 | - | |
Issued capital100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
Uncalled capital101 |
- | - | - | - | - | - | - | - | - | - | 12,400 | |
Reserves13 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 155 | 155 | |
Non-distributable reserves130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | |
Legal reserve130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | - | 155 | |
Reserves not available under the articles1311 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | |
Distributable reserves133 |
- | - | - | - | - | - | - | - | - | 155 | - | |
Profit (loss) carried forward14 |
129,379 | 133,384 | 46,789 | 65,506 | 80,993 | 35,688 | 19,494 | 17,765 | 28,427 | 12,504 | 2,945 | |
Amounts payable17/49 |
183,772 | 581,044 | 900,017 | 22,926 | 23,968 | 959,898 | 395,234 | 313,948 | 415,628 | 597,515 | 39,491 | |
Amounts payable after more than one year17 |
0 | 230,468 | 800,000 | - | - | 400,000 | 22,687 | 33,336 | 44,807 | 401,035 | - | |
Financial debts170/4 |
0 | 230,468 | 800,000 | - | - | 400,000 | 22,687 | 33,336 | 44,807 | 401,035 | - | |
Amounts payable within one year42/48 |
166,794 | 333,598 | 83,039 | 22,926 | 23,968 | 559,898 | 372,087 | 280,612 | 370,821 | 196,480 | 39,491 | |
Current portion of amounts payable after more than one year42 |
- | - | - | - | - | - | 10,649 | 11,471 | 11,320 | - | - | |
Financial debts43 |
- | - | - | - | - | 310,000 | 210,000 | - | - | - | - | |
Credit institutions430/8 |
- | - | - | - | - | 310,000 | 210,000 | - | - | - | - | |
Trade debts44 |
28,186 | 73,803 | 79,430 | 4,317 | 5,374 | 45,835 | 9,973 | 39,280 | 142,164 | 90,980 | 27,373 | |
Suppliers440/4 |
27,636 | 73,253 | 78,880 | 3,767 | 4,824 | 45,835 | 9,423 | 38,730 | 142,164 | 90,980 | 27,373 | |
Bills of exchange payable441 |
550 | 550 | 550 | 550 | 550 | - | 550 | 550 | - | - | - | |
Taxes, remuneration and social security45 |
121 | 226,308 | 121 | 15,121 | 15,121 | 121 | 27,975 | 11,371 | 114,355 | 4,750 | 11,368 | |
Taxes450/3 |
121 | 226,308 | 121 | 15,121 | 15,121 | 121 | 27,975 | 11,371 | 114,355 | 4,750 | 11,368 | |
Other amounts payable47/48 |
138,488 | 33,488 | 3,488 | 3,488 | 3,473 | 203,943 | 113,490 | 218,490 | 102,981 | 100,750 | 750 | |
Accrued charges and deferred income492/3 |
16,978 | 16,978 | 16,978 | - | - | - | 459 | - | - | - | - | |
| Income statement | ||||||||||||
Turnover70 |
- | - | - | - | - | - | - | - | - | 374,576 | - | |
Non-recurring operating income76A |
- | - | - | - | - | 49,669 | - | - | - | - | - | |
Gross operating margin9900 |
-5,317 | 185,498 | 10,478 | -12,822 | 86,849 | -21,804 | 32,070 | 12,213 | 61,210 | 17,740 | 6,145 | |
Goods, raw materials, services and sundry goods60/61 |
- | - | - | - | - | - | - | - | - | 864,796 | - | |
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 |
- | - | - | - | - | 98 | 18,114 | 18,117 | 18,213 | 602 | 505 | |
Other operating charges640/8 |
1,006 | 584 | 1,310 | 2,169 | 10,097 | 6,457 | 4,501 | 3,373 | 6,548 | 1,143 | 749 | |
Operating profit (loss)9901 |
-6,322 | 184,914 | 9,168 | -14,991 | 76,752 | -28,359 | 9,455 | -9,277 | 36,449 | 15,995 | 4,892 | |
Financial income75/76B |
0 | - | - | - | 0 | 50,047 | - | 0 | 19 | - | - | |
Recurring financial income75 |
0 | - | - | - | 0 | 378 | - | 0 | 19 | 148 | - | |
Non-recurring financial income76B |
- | - | - | - | - | 49,669 | - | - | - | - | - | |
Financial charges65/66B |
3,521 | 68,320 | 18,994 | 496 | 7,852 | 5,494 | 4,536 | 1,385 | 7,491 | - | 32 | |
Recurring financial charges65 |
3,521 | 68,320 | 18,994 | 496 | 7,852 | 5,494 | 4,536 | 1,385 | 7,491 | 1,831 | 32 | |
Profit (loss) for the period before taxes9903 |
-9,843 | 116,595 | -9,826 | -15,487 | 68,900 | 16,194 | 4,919 | -10,662 | 28,978 | 14,312 | 4,860 | |
Income taxes67/77 |
-5,839 | 30,000 | 8,890 | - | 23,595 | - | 3,190 | - | 11,350 | 4,753 | 1,760 | |
Profit (loss) for the period9904 |
-4,004 | 86,595 | -18,717 | -15,487 | 45,305 | 16,194 | 1,729 | -10,662 | 17,628 | 9,559 | 3,100 | |
Profit (loss) for the period to be appropriated9905 |
-4,004 | 86,595 | -18,717 | -15,487 | 45,305 | 16,194 | 1,729 | -10,662 | 17,628 | 9,559 | 3,100 | |
| Appropriation of the result | ||||||||||||
Profit (loss) to be appropriated9906 |
129,379 | 133,384 | 46,789 | 65,506 | 80,993 | 35,688 | 19,494 | 17,765 | 30,132 | 12,504 | 3,100 | |
Profit (loss) brought forward from the previous period14P |
133,384 | 46,789 | 65,506 | 80,993 | 35,688 | - | - | - | - | 2,945 | - | |
Transfer to equity691/2 |
- | - | - | - | - | - | - | - | 1,705 | - | 155 | |
To the legal reserve6920 |
- | - | - | - | - | - | - | - | 1,705 | - | 155 | |
| Document | ||||||||||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 26-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 26 days after the deadline. Filed on 26 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00491315.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 26-08-2026 | 2026-00491315 | |
| 31-12-2024 | full format | 25-08-2025 | 2025-00406989 | |
| 31-12-2023 | full format | 28-08-2024 | 2024-00397273 | |
| 31-12-2022 | full format | 20-08-2023 | 2023-00337102 | |
| 31-12-2021 | full format | 18-08-2022 | 2022-20298116 | |
| 31-12-2020 | full format | 31-08-2021 | 2021-62600438 | |
| 31-12-2019 | micro format | 19-10-2020 | 2020-62000210 | |
| 31-12-2018 | micro format | 26-09-2019 | 2019-66000049 | |
| 31-12-2017 | full format | 19-09-2018 | 2018-63700381 | |
| 31-12-2016 | full format | 06-10-2017 | 2017-66700124 | |
| 31-12-2015 | full format | 05-10-2016 | 2016-64700312 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EBITDA | - | - | - | - | - | -28,261 | 27,569 | 8,840 | 54,662 | 16,597 | 5,396 | |
| Cash flow | - | - | - | - | - | 16,292 | 19,843 | 7,455 | 35,841 | 10,161 | 3,605 | |
| Investment in fixed assets (approximation) | 190 | 1,921 | - | 49 | - | 73 | 45 | 0 | 87,554 | 488 | 2,328 | |
| Change in cash | -190,710 | 142,467 | 31,169 | -78,204 | 53,013 | 16,531 | -4,621 | -10,073 | 26,200 | 2,374 | - | |
| Working capital | 164,040 | 398,703 | 883,561 | 85,299 | 100,836 | 455,530 | 28,237 | 18,628 | 22,644 | 430,585 | 7,476 | |
| EBIT margin | - | - | - | - | - | - | - | - | - | 4.3% | - | |
| Solvency | 44.9% | 20.9% | 7.0% | 78.9% | 80.9% | 5.5% | 9.2% | 10.9% | 10.5% | 5.0% | 19.1% | |
| Current ratio | 1.98 | 2.20 | 11.64 | 4.72 | 5.21 | 1.81 | 1.08 | 1.07 | 1.06 | 3.19 | 1.19 | |
| Quick ratio | 0.74 | 0.60 | 1.43 | 3.34 | 4.41 | 0.51 | 0.10 | 0.16 | 0.48 | 0.46 | 0.53 | |
| Debt to equity | 1.23 | 3.78 | 13.38 | 0.27 | 0.24 | 17.10 | 9.89 | 8.21 | 8.50 | 19.11 | 4.25 | |
| ROE | -2.7% | 56.3% | -27.8% | -18.0% | 44.7% | 28.8% | 4.3% | -27.9% | 36.1% | 30.6% | 33.3% | |
| ROA | -1.2% | 11.8% | -1.9% | -14.2% | 36.1% | 1.6% | 0.4% | -3.0% | 3.8% | 1.5% | 6.4% | |
| Interest coverage | - | - | - | - | - | - | - | - | - | 9.06 | - | |
| Customer credit | - | - | - | - | - | - | - | - | - | 59 days | - | |
| Supplier credit | - | - | - | - | - | - | - | - | - | 38 days | - |
EBIT margin: not included in this filing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Financial fixed assets | €190 | €1,921 | - | €49 | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on CHIAPPARO CONSTRUCTIONS
The operating result for 2025 is a loss of €6,322, after a profit of €184,914 in 2024. It is the lowest result since 2022.
Debt's share of the balance-sheet total falls from 79.1% to 55.1%. Equity and debt are lower.