CHIRAPH
ActiveSummary
The computed 12-month bankruptcy probability of CHIRAPH is 2.0% (moderate). The 2025 annual accounts show equity of €96,135 and a net result of -€18,507. Equity is growing by ~9.1% per year across the filed fiscal years. The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability11▼-35
Solvency57▼-6
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.12 against 0.05 in 2024; short-term debt: 27% and cash: 0.2% of total assets), and 67.8% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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 2025Solvency, return and age of the figures
Solvency
32.2%
Return on assets
-6.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
171 d late
2023
453 d late
2022
23 d late
2021
28 d late
2020
16 d late
2019
17 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 106 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€0▼ 100%
2021 · €1,000
EBIT margin
1807.5%
Net result
-€18,507
2024 · €1,051
Working capital
-€71,076▼ 34.2%
2024 · -€52,959
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€1,000€0▼ 100%
Operating result€18,075▲ 10.7%€34,643▲ 91.7%€42,303▲ 22.1%€18,793▼ 55.6%-€12,237
Net result€3,864▲ 446%€13,897▲ 260%€32,851▲ 136%€1,051▼ 96.8%-€18,507
EBIT margin1807.5%
Equity€66,843▲ 6.1%€80,740▲ 20.8%€113,591▲ 40.7%€114,642▲ 0.9%€96,135▼ 16.1%
Total assets€337,880▼ 5.1%€329,228▼ 2.6%€326,620▼ 0.8%€301,875▼ 7.6%€298,746▼ 1.0%
Debt€271,036▼ 7.5%€248,488▼ 8.3%€213,029▼ 14.3%€187,233▼ 12.1%€202,611▲ 8.2%
Working capital-€44,560▼ 19.9%-€27,348▲ 38.6%-€21,799▲ 20.3%-€52,959▼ 143%-€71,076▼ 34.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €12,237 after €18,793 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €298,746
Fixed assets
€289,169 ▼ 3.4%
Current assets
€9,577 ▲ 274%
Equity and liabilities €298,746
Equity
€96,135 ▼ 16.1%
Debt
€202,611 ▲ 8.2%
Debt's share of the balance-sheet total rises from 62.0% to 67.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€2,091▼
2024 · €34,013
Cash flow
-€8,360▼
2024 · €16,271
Current ratio
0.12▲
2024 · 0.05
Debt to equity
2.11▲
2024 · 1.63
ROE
-19.3%▼
2024 · 0.9%
ROA
-6.2%▼
2024 · 0.3%
Interest coverage
-0.33▼
2024 · 3.26
Debt ≤ 1 year
€80,652▲
2024 · €55,519
Debt > 1 year
€121,958▼
2024 · €131,715
Income taxes
€0▼
2024 · €7,330
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,915 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
1.1%
went bankrupt
7.8%
stopped otherwise
91%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.0% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 6,915 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €1,000 | €0 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €8,305 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,137 | €10,137 | €10,137 | €15,220 | €10,147 | ▼ 33.3% |
| Other operating charges640/8 | - | €3,916 | €2,509 | €7,617 | €4,876 | ▼ 36.0% |
| Gross operating margin9900 | €30,659 | €48,695 | €54,949 | €41,630 | €2,785 | ▼ 93.3% |
| Operating profit (loss)9901 | €18,075 | €34,643 | €42,303 | €18,793 | -€12,237 | ▼ 165% |
| Financial income75/76B | - | - | - | €10 | €0 | ▼ 100% |
| Recurring financial income75 | €1 | - | - | €10 | €0 | ▼ 100% |
| Financial charges65/66B | - | €19,792 | €5,489 | €10,423 | €6,269 | ▼ 39.9% |
| Recurring financial charges65 | €13,611 | €19,792 | €5,489 | €10,423 | €6,269 | ▼ 39.9% |
| Profit (loss) for the period before taxes9903 | €4,465 | €14,850 | €36,814 | €8,381 | -€18,507 | ▼ 321% |
| Income taxes67/77 | €601 | €953 | €3,963 | €7,330 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €3,864 | €13,897 | €32,851 | €1,051 | -€18,507 | ▼ 1,861% |
| Profit (loss) for the period to be appropriated9905 | €3,864 | €13,897 | €32,851 | €1,051 | -€18,507 | ▼ 1,861% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €337,880 | €329,228 | €326,620 | €301,875 | €298,746 | ▼ 1.0% |
| Formation expenses20 | - | - | €0 | - | - | - |
| Fixed assets21/28 | €334,810 | €324,673 | €314,536 | €299,316 | €289,169 | ▼ 3.4% |
| Intangible fixed assets21 | - | - | €0 | - | - | - |
| Tangible fixed assets22/27 | €334,447 | €324,310 | €314,173 | €298,953 | €288,806 | ▼ 3.4% |
| Land and buildings22 | - | €324,310 | €314,173 | €298,953 | €288,806 | ▼ 3.4% |
| Plant, machinery and equipment23 | - | - | €0 | - | - | - |
| Financial fixed assets28 | €363 | €363 | €363 | €363 | €363 | = |
| Current assets29/58 | €3,070 | €4,555 | €12,084 | €2,559 | €9,577 | ▲ 274% |
| Amounts receivable within one year40/41 | €567 | €3,576 | €11,339 | €2,545 | €9,063 | ▲ 256% |
| Trade receivables40 | - | €0 | - | - | €3,737 | - |
| Other amounts receivable41 | - | €3,576 | €11,339 | €2,545 | €5,326 | ▲ 109% |
| Cash at bank and in hand54/58 | €2,504 | €979 | €745 | €14 | €513 | ▲ 3,500% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €337,880 | €329,228 | €326,620 | €301,875 | €298,746 | ▼ 1.0% |
| Equity10/15 | €66,843 | €80,740 | €113,591 | €114,642 | €96,135 | ▼ 16.1% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €8,559 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €39,684 | €60,280 | €93,131 | €94,182 | €75,675 | ▼ 19.6% |
| Amounts payable17/49 | €271,036 | €248,488 | €213,029 | €187,233 | €202,611 | ▲ 8.2% |
| Amounts payable after more than one year17 | €223,407 | €216,035 | €179,146 | €131,715 | €121,958 | ▼ 7.4% |
| Financial debts170/4 | - | €216,035 | €179,146 | €131,715 | €121,958 | ▼ 7.4% |
| Amounts payable within one year42/48 | €47,630 | €31,903 | €33,883 | €55,519 | €80,652 | ▲ 45.3% |
| Current portion of amounts payable after more than one year42 | - | €27,451 | €31,237 | €31,777 | €40,390 | ▲ 27.1% |
| Trade debts44 | €7,756 | €4,452 | €2,646 | €19,027 | €1,991 | ▼ 89.5% |
| Suppliers440/4 | - | €4,452 | €2,646 | €19,027 | €1,991 | ▼ 89.5% |
| Bills of exchange payable441 | - | - | €0 | - | - | - |
| Other amounts payable47/48 | - | - | - | €4,715 | €38,271 | ▲ 712% |
| Accrued charges and deferred income492/3 | - | €550 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,864 | €13,897 | €32,851 | €1,051 | -€18,507 | ▼ 1,861% |
| + Depreciation and write-downs630 | €10,137 | €10,137 | €10,137 | €15,220 | €10,147 | ▼ 33.3% |
| Operating cash flow (approximation) | €14,001 | €24,034 | €42,988 | €16,271 | -€8,360 | ▼ 151% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€1,524 | -€234 | -€731 | €499 | ▲ 168% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
18-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 171 days late
2025
31-12
Financial
Weakest financial yearnet -€18,507
Net result drops to -€18,507, the lowest in the series.
28-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 453 days late
2023
30-06
Financial
Highest result since 2019net €32,851 ▲136%
Operating result €42,303, net result €32,851, both a record.
30-06
Financial
Equity above €100,000Eq €113,591 ▲40.7%
5 profitable years in a row build equity to €113,591.
23-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
28-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 28 days late
2021
16-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
2020
17-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 17 days late
2019
09-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 68 days late
2018
26-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 26 days late
2017
28-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Brussel
Ground area
172 m²
Building footprint
100 m²
Volume, LiDAR
849 m³
Parcel 21815D0070/02B002, Brussels · tallest building 15.2 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21815D0070/02B002 | Brussels | 172 m² | 1 · 100 m² | 15.2 m · 3 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.
Identification & contact
Identification
Legal formPrivate limited company
Founded02-02-2011
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0833388465
Registered
18-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.