CHIBEAU MANAGEMENT
ActiveSummary
CHIBEAU MANAGEMENT has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €475k and a net result of €172k. Equity remains stable across the filed fiscal years (±1.1% per year). Its solvency ranks better than 54% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability93▲+13
Solvency85=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity short (current ratio 0.44 against 0.4 in 2024; short-term debt: 39.9% and cash: 2.8% of total assets), and 39.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
60.1%
Return on assets
21.7%
Age of the figures
9 mo
lowers risk · 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 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €475k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-04-2026, 108 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
108 d early
2024
125 d early
2023
135 d early
2022
109 d early
2021
125 d early
2020
120 d early
2019
94 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€475k▲ 11.3%
2024 · €427k
2018: €425k
2019: €416k▼ -2.3% vs 2018
2020: €426k▲ +2.4% vs 2019
2021: €525k▲ +23.2% vs 2020
2022: €562k▲ +7.1% vs 2021highest in 8 years
2023: €414k▼ -26.3% vs 2022lowest in 8 years
2024: €427k▲ +3.2% vs 2023
2025: €475k▲ +11.3% vs 2024
2018 → 2025
Total assets
€791k▲ 11.4%
2024 · €710k
2018: €534k
2019: €481k▼ -9.8% vs 2018lowest in 8 years
2020: €560k▲ +16.4% vs 2019
2021: €625k▲ +11.5% vs 2020
2022: €638k▲ +2.0% vs 2021
2023: €657k▲ +3.1% vs 2022
2024: €710k▲ +8.0% vs 2023
2025: €791k▲ +11.4% vs 2024highest in 8 years
2018 → 2025
Net result
€172k▲ 134%
2024 · €74k
2018: €55k
2019: €60k▲ +10.0% vs 2018
2020: €106k▲ +76.2% vs 2019
2021: €99k▼ -7.0% vs 2020
2022: €37k▼ -62.5% vs 2021lowest in 8 years
2023: €65k▲ +75.8% vs 2022
2024: €74k▲ +12.9% vs 2023
2025: €172k▲ +134% vs 2024highest in 8 years
2018 → 2025
Working capital
€-177k▼ 5.0%
2024 · €-168k
2018: €219khighest in 8 years
2019: €191k▼ -12.6% vs 2018
2020: €50k▼ -73.8% vs 2019
2021: €20k▼ -61.0% vs 2020
2022: €-12k▼ -159% vs 2021
2023: €-163k▼ -1309% vs 2022
2024: €-168k▼ -3.3% vs 2023
2025: €-177k▼ -5.0% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€525k-€562k▲ 7.1%€414k▼ 26.3%€427k▲ 3.2%€475k▲ 11.3%
2021: €525k
2022: €562k▲ +7.1% vs 2021highest in 5 years
2023: €414k▼ -26.3% vs 2022lowest in 5 years
2024: €427k▲ +3.2% vs 2023
2025: €475k▲ +11.3% vs 2024
Operating result€155k-€145k▼ 6.5%€102k▼ 29.5%€106k▲ 3.1%€327k▲ 210%
2021: €155k
2022: €145k▼ -6.5% vs 2021
2023: €102k▼ -29.5% vs 2022lowest in 5 years
2024: €106k▲ +3.1% vs 2023
2025: €327k▲ +210% vs 2024highest in 5 years
Net result€99k-€37k▼ 62.5%€65k▲ 75.8%€74k▲ 12.9%€172k▲ 134%
2021: €99k
2022: €37k▼ -62.5% vs 2021lowest in 5 years
2023: €65k▲ +75.8% vs 2022
2024: €74k▲ +12.9% vs 2023
2025: €172k▲ +134% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 210% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €791k
Fixed assets
€652k ▲ 9.5%
Current assets
€139k ▲ 21.1%
Equity and liabilities €791k
Equity
€475k ▲ 11.3%
Debt
€316k ▲ 11.5%
Debt's share of the balance-sheet total rises from 39.8% to 39.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€339k▲
2024 · €117k
Cash flow
€183k▲
2024 · €85k
Current ratio
0.44▲
2024 · 0.40
Debt to equity
0.66▲
2024 · 0.66
ROE
36.1%▲
2024 · 17.2%
ROA
21.7%▲
2024 · 10.4%
Interest coverage
5.59▼
2024 · 5.77
Debt ≤ 1 year
€316k▲
2024 · €283k
Income taxes
€97k▲
2024 · €37k
Staff costs
€47k▲
2024 · €45k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€710k€791k▲
Fixed assets21/28€596k€652k▲
Tangible fixed assets22/27€46k€35k▼
Furniture and vehicles24€41k€31k▼
Other tangible fixed assets26€6k€4k▼
Financial fixed assets28€549k€617k▲
Current assets29/58€115k€139k▲
Amounts receivable within one year40/41€2k€5k▲
Other amounts receivable41€2k€5k▲
Current investments50/53€65k€110k▲
Cash at bank and in hand54/58€45k€22k▼
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€710k€791k▲
Equity10/15€427k€475k▲
Contributions10/11€20k€20k=
Reserves13€407k€455k▲
Non-distributable reserves130/1€9k€9k=
Reserves not available under the articles1311€9k€9k=
Distributable reserves133€398k€446k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€283k€316k▲
Amounts payable within one year42/48€283k€316k▲
Financial debts43€12€1k▲
Credit institutions430/8€12€1k▲
Trade debts44€788€879▲
Suppliers440/4€788€879▲
Taxes, remuneration and social security45€22k€22k▲
Taxes450/3€11k€12k▲
Remuneration and social security454/9€11k€10k▼
Other amounts payable47/48€261k€292k▲
Income statement
Code20242025
Remuneration, social security and pensions62€45k€47k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€11k▲
Other operating charges640/8€505€741▲
Non-recurring operating charges66A€12k€0▼
Gross operating margin9900€174k€387k▲
Operating profit (loss)9901€106k€327k▲
Financial income75/76B€25k€2k▼
Recurring financial income75€25k€2k▼
Financial charges65/66B€20k€61k▲
Recurring financial charges65€20k€61k▲
Profit (loss) for the period before taxes9903€111k€269k▲
Income taxes67/77€37k€97k▲
Profit (loss) for the period9904€74k€172k▲
Profit (loss) for the period to be appropriated9905€74k€172k▲
Appropriation of the result
Profit (loss) to be appropriated9906€74k€172k▲
Transfer from equity791/2€60k€124k▲
Transfer to equity691/2€74k€172k▲
To other reserves6921€74k€172k▲
Profit to be distributed694/7€60k€124k▲
Return on contributions (dividend)694€60k€124k▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €7k | €0 | - | - | - |
| Remuneration, social security and pensions62 | - | €40k | €45k | €45k | €47k | ▲ 4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9k | €12k | €14k | €11k | €11k | ▲ 1.5% |
| Other operating charges640/8 | - | €769 | €800 | €505 | €741 | ▲ 46.7% |
| Non-recurring operating charges66A | - | - | - | €12k | €0 | ▼ 100% |
| Gross operating margin9900 | €204k | €198k | €162k | €174k | €387k | ▲ 122% |
| Operating profit (loss)9901 | €155k | €145k | €102k | €106k | €327k | ▲ 210% |
| Financial income75/76B | - | €10k | €9k | €25k | €2k | ▼ 92.4% |
| Recurring financial income75 | €835 | €10k | €9k | €25k | €2k | ▼ 92.4% |
| Financial charges65/66B | - | €98k | €13k | €20k | €61k | ▲ 199% |
| Recurring financial charges65 | €8k | €98k | €13k | €20k | €61k | ▲ 199% |
| Profit (loss) for the period before taxes9903 | €148k | €57k | €98k | €111k | €269k | ▲ 143% |
| Income taxes67/77 | €49k | €20k | €33k | €37k | €97k | ▲ 162% |
| Profit (loss) for the period9904 | €99k | €37k | €65k | €74k | €172k | ▲ 134% |
| Profit (loss) for the period to be appropriated9905 | €99k | €37k | €65k | €74k | €172k | ▲ 134% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €625k | €638k | €657k | €710k | €791k | ▲ 11.4% |
| Fixed assets21/28 | €505k | €573k | €577k | €596k | €652k | ▲ 9.5% |
| Tangible fixed assets22/27 | €18k | €59k | €47k | €46k | €35k | ▼ 24.6% |
| Furniture and vehicles24 | - | €59k | €47k | €41k | €31k | ▼ 24.6% |
| Other tangible fixed assets26 | - | - | - | €6k | €4k | ▼ 24.5% |
| Financial fixed assets28 | €487k | €514k | €530k | €549k | €617k | ▲ 12.4% |
| Current assets29/58 | €120k | €64k | €80k | €115k | €139k | ▲ 21.1% |
| Amounts receivable within one year40/41 | €599 | €6k | €974 | €2k | €5k | ▲ 102% |
| Other amounts receivable41 | - | €6k | €974 | €2k | €5k | ▲ 102% |
| Current investments50/53 | - | - | - | €65k | €110k | ▲ 69.2% |
| Cash at bank and in hand54/58 | €118k | €57k | €78k | €45k | €22k | ▼ 51.2% |
| Deferred charges and accrued income490/1 | - | €1k | €1k | €2k | €2k | ▼ 0.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €625k | €638k | €657k | €710k | €791k | ▲ 11.4% |
| Equity10/15 | €525k | €562k | €414k | €427k | €475k | ▲ 11.3% |
| Contributions10/11 | - | €20k | €20k | €20k | €20k | = |
| Reserves13 | €505k | €542k | €394k | €407k | €455k | ▲ 11.8% |
| Non-distributable reserves130/1 | - | €9k | €9k | €9k | €9k | = |
| Reserves not available under the articles1311 | - | €9k | €9k | €9k | €9k | = |
| Distributable reserves133 | - | €533k | €385k | €398k | €446k | ▲ 12.1% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €100k | €76k | €243k | €283k | €316k | ▲ 11.5% |
| Amounts payable within one year42/48 | €100k | €76k | €243k | €283k | €316k | ▲ 11.5% |
| Financial debts43 | - | €2k | €0 | €12 | €1k | ▲ 9,209% |
| Credit institutions430/8 | - | €2k | €0 | €12 | €1k | ▲ 9,209% |
| Trade debts44 | €446 | €235 | €169 | €788 | €879 | ▲ 11.5% |
| Suppliers440/4 | - | €235 | €169 | €788 | €879 | ▲ 11.5% |
| Taxes, remuneration and social security45 | - | €12k | €21k | €22k | €22k | ▲ 1.0% |
| Taxes450/3 | - | €3k | €10k | €11k | €12k | ▲ 12.1% |
| Remuneration and social security454/9 | - | €10k | €10k | €11k | €10k | ▼ 10.3% |
| Other amounts payable47/48 | - | €61k | €222k | €261k | €292k | ▲ 12.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €99k | €37k | €65k | €74k | €172k | ▲ 134% |
| + Depreciation and write-downs630 | €9k | €12k | €14k | €11k | €11k | ▲ 1.5% |
| Operating cash flow (approximation) | €108k | €49k | €79k | €85k | €183k | ▲ 116% |
| Investment in fixed assets (approximation) | - | €-80k | €-18k | €-30k | €-68k | ▼ 129% |
| Change in cash | - | €-61k | €21k | €-33k | €-23k | ▲ 28.6% |
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
14-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €172k ▲134%
Operating result €327k, net result €172k, both a record.
28-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
18-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
13-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €37k ▼62.5%
Net result drops to €37k, the lowest in the series; recovery starts the following year.
28-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €500kEq €525k ▲23.2%
4 profitable years in a row build equity to €525k.
02-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
22-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-07
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.
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, Kapellen · 1 establishment unit since 2002
Ground area
3.0 ha
Building footprint
1,266 m²
Volume, LiDAR
17,557 m³
Parcel 11362M0436/00X002, Flanders · tallest building 16.8 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
CHIBEAU MANAGEMENT BVBA
since 20022.115.538.128
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11362M0436/00X002 | Flanders | 3.0 ha | 1 · 1,266 m² | 16.8 m · 5 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.
Recognitions · licences · registrations
Legal Entity Identifier
967600OT1F88I3SJWN14
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 35,072 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
Founded28-03-2002
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.