CHIFFONEX
ActiveSummary
CHIFFONEX has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €24,997 and a net result of €604. Equity is growing by ~8.3% per year across the filed fiscal years. Its solvency ranks better than 56% of 6131 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability40▼-8
Solvency73▼-1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days only on tighter terms
Liquidity ample (current ratio 1.89 against 1.94 in 2023; short-term debt: 52.3% and cash: 44% of total assets), but 52.3% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
47.7%
Return on assets
1.2%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-11-2025, 119 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
119 d late
2023
68 d late
2022
68 d late
2021
139 d late
2020
90 d late
2019
69 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 92 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€604▼ 70.3%
2023 · €2,034
Working capital
€24,372▲ 2.5%
2023 · €23,768
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
Line20202021202220232024
Operating result€13,332▲ 276%€868▼ 93.5%-€3,193€2,624€2,098▼ 20.0%
Net result€10,113within the sector's middle half▲ 288%€375below the sector's middle half▼ 96.3%-€3,336below the sector's middle half€2,034below the sector's middle half€604below the sector's middle half▼ 70.3%
Equity€25,320below the sector's middle half▲ 66.5%€25,695below the sector's middle half▲ 1.5%€22,359below the sector's middle half▼ 13.0%€24,393below the sector's middle half▲ 9.1%€24,997below the sector's middle half▲ 2.5%
Total assets€55,689below the sector's middle half▲ 27.2%€45,066below the sector's middle half▼ 19.1%€43,553below the sector's middle half▼ 3.4%€49,685below the sector's middle half▲ 14.1%€52,442below the sector's middle half▲ 5.6%
Debt€30,369▲ 6.3%€19,371▼ 36.2%€21,194▲ 9.4%€25,292▲ 19.3%€27,446▲ 8.5%
Working capital€24,545below the sector's middle half▲ 42.5%€25,070below the sector's middle half▲ 2.1%€21,734below the sector's middle half▼ 13.3%€23,768below the sector's middle half▲ 9.4%€24,372below the sector's middle half▲ 2.5%
Solvency45.5%within the sector's middle half▲ 10.7pp57.0%within the sector's middle half▲ 11.6pp51.3%within the sector's middle half▼ 5.7pp49.1%within the sector's middle half▼ 2.2pp47.7%within the sector's middle half▼ 1.4pp
Current ratio1.81within the sector's middle half▲ 0.122.29within the sector's middle half▲ 0.492.03within the sector's middle half▼ 0.271.94within the sector's middle half▼ 0.091.89within the sector's middle half▼ 0.05
Return on assets (ROA)18.2%above the sector's middle half▲ 12.2pp0.8%below the sector's middle half▼ 17.3pp-7.7%below the sector's middle half▼ 8.5pp4.1%within the sector's middle half▲ 11.8pp1.2%within the sector's middle half▼ 2.9pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 20% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €52,442
Fixed assets
€625 =
Current assets
€51,817 ▲ 5.6%
Equity and liabilities €52,442
Equity
€24,997 ▲ 2.5%
Debt
€27,446 ▲ 8.5%
Debt's share of the balance-sheet total rises from 50.9% to 52.3%. Equity and debt are higher.
Key figures and ratios
Debt to equity
1.10▲
2023 · 1.04
ROE
2.4%▼
2023 · 8.3%
Debt ≤ 1 year
€27,446▲
2023 · €25,292
Income taxes
€1,307▲
2023 · €666
Staff costs
€21,688▲
2023 · €18,453
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,905 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.8%
went bankrupt
4.0%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 1.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 10,905 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €7,867 | €17,164 | €18,453 | €21,688 | ▲ 17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €812 | €150 | - | - | - | - |
| Other operating charges640/8 | - | €734 | €2,258 | €1,326 | €1,697 | ▲ 27.9% |
| Gross operating margin9900 | €21,355 | €9,619 | €16,229 | €22,403 | €25,482 | ▲ 13.7% |
| Operating profit (loss)9901 | €13,332 | €868 | -€3,193 | €2,624 | €2,098 | ▼ 20.0% |
| Financial income75/76B | - | €191 | €56 | €255 | €106 | ▼ 58.4% |
| Recurring financial income75 | €111 | €191 | €56 | €255 | €106 | ▼ 58.4% |
| Financial charges65/66B | - | €279 | €200 | €180 | €293 | ▲ 62.8% |
| Recurring financial charges65 | €248 | €279 | €200 | €180 | €293 | ▲ 62.8% |
| Profit (loss) for the period before taxes9903 | €13,194 | €780 | -€3,336 | €2,699 | €1,911 | ▼ 29.2% |
| Income taxes67/77 | €3,081 | €405 | - | €666 | €1,307 | ▲ 96.4% |
| Profit (loss) for the period9904 | €10,113 | €375 | -€3,336 | €2,034 | €604 | ▼ 70.3% |
| Profit (loss) for the period to be appropriated9905 | €10,113 | €375 | -€3,336 | €2,034 | €604 | ▼ 70.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €55,689 | €45,066 | €43,553 | €49,685 | €52,442 | ▲ 5.6% |
| Fixed assets21/28 | €775 | €625 | €625 | €625 | €625 | = |
| Tangible fixed assets22/27 | €150 | - | - | - | - | - |
| Financial fixed assets28 | €625 | €625 | €625 | €625 | €625 | = |
| Current assets29/58 | €54,914 | €44,441 | €42,928 | €49,060 | €51,817 | ▲ 5.6% |
| Amounts receivable within one year40/41 | €22,759 | €17,971 | €23,895 | €25,141 | €28,734 | ▲ 14.3% |
| Trade receivables40 | - | €17,443 | €23,895 | €25,113 | €28,734 | ▲ 14.4% |
| Other amounts receivable41 | - | €529 | - | €28 | - | - |
| Cash at bank and in hand54/58 | €32,155 | €26,469 | €19,032 | €23,919 | €23,083 | ▼ 3.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €55,689 | €45,066 | €43,553 | €49,685 | €52,442 | ▲ 5.6% |
| Equity10/15 | €25,320 | €25,695 | €22,359 | €24,393 | €24,997 | ▲ 2.5% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Issued capital100 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €410 | €410 | €410 | €410 | €410 | = |
| Non-distributable reserves130/1 | - | €410 | €410 | €410 | €410 | = |
| Legal reserve130 | - | €410 | €410 | €410 | €410 | = |
| Profit (loss) carried forward14 | €18,710 | €19,085 | €15,749 | €17,783 | €18,387 | ▲ 3.4% |
| Amounts payable17/49 | €30,369 | €19,371 | €21,194 | €25,292 | €27,446 | ▲ 8.5% |
| Amounts payable within one year42/48 | €30,369 | €19,371 | €21,194 | €25,292 | €27,446 | ▲ 8.5% |
| Trade debts44 | €5,154 | €5,744 | €8,534 | €10,063 | €8,986 | ▼ 10.7% |
| Suppliers440/4 | - | €5,744 | €8,534 | €10,063 | €8,986 | ▼ 10.7% |
| Taxes, remuneration and social security45 | - | €7,129 | €9,017 | €14,548 | €10,517 | ▼ 27.7% |
| Taxes450/3 | - | €3,570 | €1,701 | €2,787 | €4,059 | ▲ 45.6% |
| Remuneration and social security454/9 | - | €3,559 | €7,316 | €11,761 | €6,459 | ▼ 45.1% |
| Other amounts payable47/48 | - | €6,497 | €3,642 | €681 | €7,943 | ▲ 1,067% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,113 | €375 | -€3,336 | €2,034 | €604 | ▼ 70.3% |
| + Depreciation and write-downs630 | €812 | €150 | - | - | - | - |
| Operating cash flow (approximation) | €10,925 | €525 | -€3,336 | €2,034 | €604 | ▼ 70.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€5,685 | -€7,437 | €4,886 | -€836 | ▼ 117% |
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
2025
27-11
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 119 days late
2024
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 68 days late
2023
31-12
Financial
Back to profitnet €2,034
Net result €2,034 after one loss-making year.
07-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 68 days late
2022
31-12
Financial
Weakest financial yearnet -€3,336
Net result drops to -€3,336, the lowest in the series; recovery starts the following year.
17-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 139 days late
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 90 days late
2020
31-12
Financial
Highest result since 2018net €10,113 ▲288%
Operating result €13,332, net result €10,113, both a record.
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 69 days late
2019
22-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
24-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 177 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, Anderlecht · 1 establishment unit since 2016
Ground area
136 m²
Building footprint
103 m²
Volume, LiDAR
1,156 m³
Parcel 21001A0360/00N008, Brussels · tallest building 12.5 m, ±4 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
CHIFFONEX
since 20162.250.608.450
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21001A0360/00N008 | Brussels | 136 m² | 1 · 103 m² | 12.5 m · 4 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.
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Of 192 companies in sector 46421 we hold annual accounts for 129. 55 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 (pre-2019)
Founded12-02-2016
Fiscal year end31-12
Activities, NACEBEL 2025
46421Wholesale trade
47792Retail sale of second-hand clothing
46423Wholesale of clothing, excluding workwear and underwear
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
47789Other retail sale of new goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0648613561
Registered
25-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.