CHIFA'A
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 05-06-2026 at the NBB all 3 filings
2023 to 2025, 3 financial years
The operating result for 2025 is 51% lower than in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | - | €26,000 | - |
| Depreciation and write-downs of the year | - | €722 | €8,667 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €722 | €8,667 | ▲ 12× |
| Gross operating margin9900 | €15,553 | €43,214 | €29,529 | ▼ 31.7% |
| Operating profit (loss)9901 | €15,553 | €42,492 | €20,863 | ▼ 50.9% |
| Financial income75/76B | - | €0 | - | - |
| Recurring financial income75 | - | €0 | - | - |
| Financial charges65/66B | €2 | €107 | €156 | ▲ 46.8% |
| Recurring financial charges65 | €2 | €107 | €156 | ▲ 46.8% |
| Profit (loss) for the period before taxes9903 | €15,551 | €42,385 | €20,706 | ▼ 51.1% |
| Income taxes67/77 | €3,141 | €8,833 | €5,252 | ▼ 40.5% |
| Profit (loss) for the period9904 | €12,410 | €33,553 | €15,455 | ▼ 53.9% |
| Profit (loss) for the period to be appropriated9905 | €12,410 | €33,553 | €15,455 | ▼ 53.9% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €19,540 | €61,990 | €80,958 | ▲ 30.6% |
| Fixed assets21/28 | - | €25,278 | €16,611 | ▼ 34.3% |
| Tangible fixed assets22/27 | - | €25,278 | €16,611 | ▼ 34.3% |
| Furniture and vehicles24 | - | €25,278 | €16,611 | ▼ 34.3% |
| Current assets29/58 | €19,540 | €36,712 | €64,347 | ▲ 75.3% |
| Cash at bank and in hand54/58 | €19,540 | €32,779 | €58,964 | ▲ 79.9% |
| Deferred charges and accrued income490/1 | - | €3,933 | €5,382 | ▲ 36.9% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €19,540 | €61,990 | €80,958 | ▲ 30.6% |
| Equity10/15 | €15,410 | €48,963 | €64,417 | ▲ 31.6% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €12,410 | €45,963 | €61,417 | ▲ 33.6% |
| Amounts payable17/49 | €4,131 | €13,027 | €16,541 | ▲ 27.0% |
| Amounts payable within one year42/48 | €4,131 | €13,027 | €16,541 | ▲ 27.0% |
| Trade debts44 | €105 | €252 | €1,100 | ▲ 336% |
| Suppliers440/4 | €105 | €252 | €1,100 | ▲ 336% |
| Taxes, remuneration and social security45 | €3,141 | €11,974 | €14,085 | ▲ 17.6% |
| Taxes450/3 | €3,141 | €11,974 | €14,085 | ▲ 17.6% |
| Other amounts payable47/48 | €885 | €801 | €1,356 | ▲ 69.2% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,410 | €33,553 | €15,455 | ▼ 53.9% |
| + Depreciation and write-downs630 | - | €722 | €8,667 | ▲ 12× |
| Operating cash flow (approximation) | €12,410 | €34,275 | €24,121 | ▼ 29.6% |
| Investment in fixed assets (approximation) | - | - | €0 | - |
| Change in cash | - | €13,239 | €26,185 | ▲ 97.8% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 39,278 companies had the same profile as CHIFA'A has now. Two years later, 1.8% had gone bankrupt and 95.9% were still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of CHIFA'A itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for CHIFA'A. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.