Checked.be · Company dossierhttps://checked.be/en/c/chillax-0681525661 · as of 05-10-2026
CHILLAX
Judicial reorganisation
Public limited company · founded 2017 · 9 yrs activeKBO/BCE: BE 0681.525.661
Summary
The file of CHILLAX contains 1 judicial reorganisation and 1 administrative flag, as published in the Belgian State Gazette. The KBO register records for CHILLAX the legal situation: special situation; this is today's state according to the register itself, which carries no start date. During the judicial reorganisation Checked does not compute a bankruptcy probability from the figures: of the Belgian companies that opened one in 2023 and 2024, about one in four went bankrupt within twelve months. The 2025 annual accounts show negative equity (-€288,588) and a net result of -€64,029. Equity is shrinking by ~51% per year across the filed fiscal years. Its solvency ranks better than 5% of 16752 sector peers (fiscal year 2025).
Do not attach assets or start enforcement for debts from before the opening while the moratorium runs.
Check the amount the company lists you for: it has to tell you. If it is wrong, dispute it in writing.
The company files a reorganisation plan and creditors vote on it at a hearing. A plan approved and confirmed by the court also binds those who voted against.
What you deliver after the opening is not covered by the moratorium: agree clear payment terms.
The file is in RegSol, where you can read the documents of the procedure.
Deadlines: the moratorium runs until 21 October 2026, unless the court extends or ends it earlier. The date of the vote on the plan is in the judgment and in RegSol.
View the file in RegSol ↗
WatchFollow this reorganisation: you are alerted to an extension, the court's approval, the closure or a bankruptcy.
Writing about this reorganisation? Put the card of CHILLAX in your article: name, enterprise number, its status in the KBO and the latest annual accounts, with a link to this dossier.
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Reorganisation running: about 1 in 4 bankrupt within the year
Structure
Largest shareholder
XL GROUP VLAANDEREN · 30%
Accounts filed 100 d late3 of 11 deeds read
Why 3- Negative equity- In judicial reorganisation- Filed more than 90 days late- Administrative warnings in the KBO publicationsShow the evidence
Checked score
Score 2025
Checked score
A figure from 0 to 100 for financial health from the latest annual accounts: the higher, the healthier. Without a figure, the card says why. A low score is a reason to look closely at payment terms and security.
3/ 100
Critical
Without a bankruptcy probability: score from the figures alone
How strong the balance sheet and results are, apart from the score: solvency, liquidity and profitability from the latest accounts, each out of 100. The score itself is the bankruptcy probability.
Weak
Solvency0=
equity -163.6% of total assets
Liquidity10+3
short-term debt 209.5% · cash 8.3%
Profitability0=
return on assets -36.3%
Bankruptcy probability, 12 months
Bankruptcy probability
The chance that this company goes bankrupt within twelve months. A low chance is reassuring; with a higher one, agree shorter payment terms or an advance.
Judicial reorganisation
About 1 in 4 comparable companies went bankrupt within the year
A judicial reorganisation is open: we then compute no probability from the figures. Measured over every Belgian company in an open or failed reorganisation: 25% to 26% bankrupt within twelve months (2024 and 2025).
No credit on open account during an ongoing judicial reorganisation
Liquidity short (current ratio 0.38 against 0.47 in 2024; short-term debt: 209.5% and cash: 8.3% of total assets), and equity is negative.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk
+
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 11-05-2026, 100 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.
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 5 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
+
raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 30 January (4 of the last 5 filed years within 30 days of that day).