Chicane Classics
Dissolution or liquidationFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 16-04-2026 PDF all 10 filings
Equity
-€24,883▼ 53.3%
2024 · -€16,232
Total assets
€194,862▼ 0.8%
2024 · €196,339
Net result
-€8,651▲ 41.2%
2024 · -€14,712
Working capital
-€25,635
2024 · €2,521
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€10,634
▲ 24.9%
2025
20182025
Net result
-€8,651
▲ 41.2%
2025
lowest quarter of the sector
20182025
Equity
-€24,883
▼ 53.3%
2025
lowest quarter of the sector
20182025
Total assets
€194,862
▼ 0.8%
2025
lowest quarter of the sector
20182025
Debt
€219,745
▲ 3.4%
2025
20182025
Working capital
-€25,635
2025
lowest quarter of the sector
20182025
Solvency
-12.8%
▼ 4.5pp
2025
lowest quarter of the sector
20182025
Current ratio
0.88
▼ 0.13
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
-4.4%
▲ 3.1pp
2025
lowest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€12,234--€5,008-€7,650▼ 52.7%-€7,810▼ 2.1%-€4,371▲ 44.0%-€4,969▼ 13.7%-€14,157▼ 185%-€10,634▲ 24.9%
Net result€12,097--€5,557-€10,174below the sector's middle half▼ 83.1%-€11,550below the sector's middle half▼ 13.5%-€5,200below the sector's middle half▲ 55.0%-€5,580below the sector's middle half▼ 7.3%-€14,712below the sector's middle half▼ 164%-€8,651below the sector's middle half▲ 41.2%
Equity€36,542-€30,985▼ 15.2%€20,810below the sector's middle half▼ 32.8%€9,260below the sector's middle half▼ 55.5%€4,060below the sector's middle half▼ 56.2%-€1,520below the sector's middle half-€16,232below the sector's middle half▼ 968%-€24,883below the sector's middle half▼ 53.3%
Total assets€96,429-€132,573▲ 37.5%€170,587below the sector's middle half▲ 28.7%€186,974below the sector's middle half▲ 9.6%€191,232below the sector's middle half▲ 2.3%€194,039below the sector's middle half▲ 1.5%€196,339below the sector's middle half▲ 1.2%€194,862below the sector's middle half▼ 0.8%
Debt€59,886-€101,588▲ 69.6%€149,777▲ 47.4%€177,714▲ 18.7%€187,172▲ 5.3%€195,558▲ 4.5%€212,571▲ 8.7%€219,745▲ 3.4%
Working capital€36,542-€29,256▼ 19.9%€19,946below the sector's middle half▼ 31.8%€39,260below the sector's middle half▲ 96.8%€34,060below the sector's middle half▼ 13.2%€18,480below the sector's middle half▼ 45.7%€2,521below the sector's middle half▼ 86.4%-€25,635below the sector's middle half
Solvency37.9%-23.4%▼ 14.5pp12.2%below the sector's middle half▼ 11.2pp5.0%below the sector's middle half▼ 7.2pp2.1%below the sector's middle half▼ 2.8pp-0.8%below the sector's middle half▼ 2.9pp-8.3%below the sector's middle half▼ 7.5pp-12.8%below the sector's middle half▼ 4.5pp
Current ratio1.61-1.29▼ 0.321.13below the sector's middle half▼ 0.151.27within the sector's middle half▲ 0.131.22within the sector's middle half▼ 0.051.11below the sector's middle half▼ 0.111.01below the sector's middle half▼ 0.090.88below the sector's middle half▼ 0.13
Return on assets (ROA)12.5%--4.2%▼ 16.7pp-6.0%below the sector's middle half▼ 1.8pp-6.2%below the sector's middle half▼ 0.2pp-2.7%below the sector's middle half▲ 3.5pp-2.9%below the sector's middle half▼ 0.2pp-7.5%below the sector's middle half▼ 4.6pp-4.4%below the sector's middle half▲ 3.1pp
above
within
below
The sector band is the middle half of the companies in Wholesale trade (NACE 46). 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 operating result for 2025 is a loss of €10,634, smaller than the loss of €14,157 in 2024.
Turnover and EBIT margin are not published. The abbreviated format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €194,862
Fixed assets
€752 ▼ 39.7%
Current assets
€194,110 ▼ 0.5%
Equity and liabilities
Equity-€24,883
Debt€219,745
Equity is negative. Debt (€219,745) exceeds the balance-sheet total (€194,862).
Key figures and ratios
EBITDA
-€10,140▲
2024 · -€13,920
Cash flow
-€8,156▲
2024 · -€14,475
Quick ratio
0.00▼
2024 · 0.01
Interest coverage
-23.58▲
2024 · -25.06
Debt ≤ 1 year
€219,745▲
2024 · €192,571
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | €1,483 | - |
| Depreciation and write-downs of the year | €865 | - | - | €237 | €494 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €865 | €865 | €865 | - | - | €237 | €494 | ▲ 109% |
| Other operating charges640/8 | - | - | - | €674 | €921 | €1,066 | €748 | €745 | ▼ 0.4% |
| Gross operating margin9900 | €13,242 | -€3,321 | -€6,113 | -€6,272 | -€3,450 | -€3,903 | -€13,172 | -€9,395 | ▲ 28.7% |
| Operating profit (loss)9901 | €12,234 | -€5,008 | -€7,650 | -€7,810 | -€4,371 | -€4,969 | -€14,157 | -€10,634 | ▲ 24.9% |
| Financial income75/76B | - | - | - | €12 | €69 | €1 | - | €2,414 | - |
| Recurring financial income75 | - | €1 | - | €12 | €69 | €1 | - | €2,414 | - |
| Financial charges65/66B | - | - | - | €3,752 | €817 | €612 | €555 | €430 | ▼ 22.6% |
| Recurring financial charges65 | €138 | €550 | €2,525 | €3,752 | €817 | €612 | €555 | €430 | ▼ 22.6% |
| Profit (loss) for the period before taxes9903 | €12,097 | -€5,557 | -€10,174 | -€11,550 | -€5,119 | -€5,580 | -€14,712 | -€8,651 | ▲ 41.2% |
| Income taxes67/77 | - | - | - | - | €81 | - | - | - | - |
| Profit (loss) for the period9904 | €12,097 | -€5,557 | -€10,174 | -€11,550 | -€5,200 | -€5,580 | -€14,712 | -€8,651 | ▲ 41.2% |
| Profit (loss) for the period to be appropriated9905 | €12,097 | -€5,557 | -€10,174 | -€11,550 | -€5,200 | -€5,580 | -€14,712 | -€8,651 | ▲ 41.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €96,429 | €132,573 | €170,587 | €186,974 | €191,232 | €194,039 | €196,339 | €194,862 | ▼ 0.8% |
| Fixed assets21/28 | - | €1,729 | €865 | - | - | - | €1,247 | €752 | ▼ 39.7% |
| Intangible fixed assets21 | - | €1,482 | €741 | - | - | - | - | - | - |
| Tangible fixed assets22/27 | - | €247 | €124 | - | - | - | €1,247 | €752 | ▼ 39.7% |
| Furniture and vehicles24 | - | - | - | - | - | - | €1,247 | €752 | ▼ 39.7% |
| Current assets29/58 | €96,429 | €130,844 | €169,723 | €186,974 | €191,232 | €194,039 | €195,092 | €194,110 | ▼ 0.5% |
| Stocks and contracts in progress3 | €49,500 | €49,500 | €46,000 | €182,596 | €188,879 | €193,714 | €193,714 | €193,992 | ▲ 0.1% |
| Stocks30/36 | - | - | - | €46,000 | €46,000 | €46,000 | €46,000 | €46,000 | = |
| Contracts in progress37 | - | - | - | €136,596 | €142,879 | €147,714 | €147,714 | €147,992 | ▲ 0.2% |
| Amounts receivable within one year40/41 | €755 | €3,854 | €3,677 | €2,264 | €2,189 | €4 | €1,034 | €63 | ▼ 93.9% |
| Trade receivables40 | - | - | - | €1,604 | - | - | €34 | - | - |
| Other amounts receivable41 | - | - | - | €660 | €2,189 | €4 | €1,000 | €63 | ▼ 93.7% |
| Cash at bank and in hand54/58 | €176 | €18,304 | €11,070 | €2,048 | €98 | €240 | €14 | €55 | ▲ 302% |
| Deferred charges and accrued income490/1 | - | - | - | €66 | €67 | €81 | €330 | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €96,429 | €132,573 | €170,587 | €186,974 | €191,232 | €194,039 | €196,339 | €194,862 | ▼ 0.8% |
| Equity10/15 | €36,542 | €30,985 | €20,810 | €9,260 | €4,060 | -€1,520 | -€16,232 | -€24,883 | ▼ 53.3% |
| Contributions10/11 | €40,000 | €40,000 | - | €40,000 | €40,000 | €40,000 | €40,000 | €40,000 | = |
| Profit (loss) carried forward14 | -€3,458 | -€9,015 | -€19,190 | -€30,740 | -€35,940 | -€41,520 | -€56,232 | -€64,883 | ▼ 15.4% |
| Amounts payable17/49 | €59,886 | €101,588 | €149,777 | €177,714 | €187,172 | €195,558 | €212,571 | €219,745 | ▲ 3.4% |
| Amounts payable after more than one year17 | - | - | - | €30,000 | €30,000 | €20,000 | €20,000 | - | - |
| Financial debts170/4 | - | - | - | €30,000 | €30,000 | €20,000 | €20,000 | - | - |
| Amounts payable within one year42/48 | €59,886 | €101,588 | €149,777 | €147,714 | €157,172 | €175,558 | €192,571 | €219,745 | ▲ 14.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | €10,000 | €10,000 | €25,000 | ▲ 150% |
| Financial debts43 | - | - | - | €30,000 | - | - | - | - | - |
| Credit institutions430/8 | - | - | - | €30,000 | - | - | - | - | - |
| Trade debts44 | €1,256 | €147 | €6,578 | €10,550 | €3,035 | €3,436 | €4,007 | €3,481 | ▼ 13.1% |
| Suppliers440/4 | - | - | - | €10,550 | €3,035 | €3,436 | €4,007 | €3,481 | ▼ 13.1% |
| Advances received on contracts in progress46 | - | - | - | €1,825 | - | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | - | €81 | €1 | - | - | - |
| Taxes450/3 | - | - | - | - | €81 | €1 | - | - | - |
| Other amounts payable47/48 | - | - | - | €105,339 | €154,056 | €162,121 | €178,564 | €191,264 | ▲ 7.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,097 | -€5,557 | -€10,174 | -€11,550 | -€5,200 | -€5,580 | -€14,712 | -€8,651 | ▲ 41.2% |
| + Depreciation and write-downs630 | - | €865 | €865 | €865 | - | - | €237 | €494 | ▲ 109% |
| Operating cash flow (approximation) | €12,097 | -€4,693 | -€9,310 | -€10,686 | -€5,200 | -€5,580 | -€14,475 | -€8,156 | ▲ 43.7% |
| Investment in fixed assets (approximation) | - | - | €0 | - | - | - | - | €0 | - |
| Change in cash | - | €18,127 | -€7,234 | -€9,022 | -€1,951 | €142 | -€226 | €41 | - |
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 | 16-04-2026 | 2026-00080511 | |
| 31-12-2024 | abbreviated format | 27-08-2025 | 2025-00411050 | |
| 31-12-2023 | abbreviated format | 05-06-2024 | 2024-00109723 | |
| 31-12-2022 | abbreviated format | 14-06-2023 | 2023-00124211 | |
| 31-12-2021 | abbreviated format | 13-07-2022 | 2022-20179449 | |
| 31-12-2020 | abbreviated format | 01-06-2021 | 2021-16100163 | |
| 31-12-2019 | abbreviated format | 04-06-2020 | 2020-14400024 | |
| 31-12-2018 | abbreviated format | 03-06-2019 | 2019-15200321 | |
| 31-12-2017 | abbreviated format | 06-06-2018 | 2018-15800543 | |
| 31-12-2016 | abbreviated format | 12-07-2017 | 2017-30300071 |