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CHIRON

Active
Private limited company (pre-2019)founded 200817 yrs activeChemin des Postes 227, 1410 Waterloo, BelgiumKBO/BCE: BE 0808.299.713
Summary

CHIRON has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €319,623 and a net result of €119,385. Equity is shrinking by ~2.6% per year across the filed fiscal years. The computed 12-month bankruptcy probability is < 0.1% (very low).

Financials · fiscal year 2025, micro schema

Turnover
€593,316
EBIT margin
25.8%
Net result
€119,385
2024 · -€9,256
Working capital
€94,436▲ 488%
2024 · €16,054
Trend over the years

2021 to 2025, 5 fiscal years 2019 to 2025, 7 fiscal years

After the dip in 2022 the operating result has climbed three years in a row; 2025 is 12% above 2024 and is the highest result in the available series.

What the company sold each fiscal year and what was left of it. A loss stands below the zero line.

Operating result€171,247 2025 Net result€119,385 2025

Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.

Every figure with its change against the fiscal year before
favourable unfavourable
Line2019202020212022202320242025
Turnover€593,316
Operating result€107,747-€55,275▼ 48.7%€99,128▲ 79.3%€74,331▼ 25.0%€148,836▲ 100%€153,129▲ 2.9%€171,247▲ 11.8%
Net result€27,604--€48,728€63,705-€73,477-€5,880▲ 92.0%-€9,256▼ 57.4%€119,385
EBIT margin25.8%
Equity€273,873-€225,145▼ 17.8%€288,850▲ 28.3%€215,373▼ 25.4%€209,494▼ 2.7%€200,238▼ 4.4%€319,623▲ 59.6%
Total assets€859,567-€777,667▼ 9.5%€801,102▲ 3.0%€745,795▼ 6.9%€780,052▲ 4.6%€868,200▲ 11.3%€870,398▲ 0.3%
Debt€553,696-€520,524▼ 6.0%€480,254▼ 7.7%€498,423▲ 3.8%€538,560▲ 8.1%€635,964▲ 18.1%€550,775▼ 13.4%
Working capital€148,424-€101,892▼ 31.4%€156,640▲ 53.7%€93,600▼ 40.2%€51,658▼ 44.8%€16,054▼ 68.9%€94,436▲ 488%
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €870,398
Fixed assets €523,035 ▼ 8.1%
Current assets €347,362 ▲ 16.1%
Equity and liabilities €870,398
Equity €319,623 ▲ 59.6%
Provisions €0 ▼ 100%
Debt €550,775 ▼ 13.4%
Debt's share of the balance-sheet total falls from 73.3% to 63.3%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€234,446▲
2024 · €209,779
Cash flow
€182,584▲
2024 · €47,394
Current ratio
1.37▲
2024 · 1.06
Debt to equity
1.72▼
2024 · 3.18
ROE
37.4%▲
2024 · -4.6%
ROA
13.7%▲
2024 · -1.1%
Interest coverage
17.40▲
2024 · 1.29
Debt ≤ 1 year
€252,926▼
2024 · €283,200
Debt > 1 year
€297,849▼
2024 · €352,764
Income taxes
€39,052▲
2024 · €303
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 17,811 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 97% are still going.

  • Small
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.3% went bankrupt
3.2% stopped otherwise
97% still going

For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,366 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.8%
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 17,811 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 58 lines
Balance sheet Code20242025
Assets
Total assets20/58€868,200€870,398▲
Fixed assets21/28€568,946€523,035▼
Intangible fixed assets21€0-
Tangible fixed assets22/27€567,581€521,670▼
Land and buildings22€460,582€434,327▼
Plant, machinery and equipment23€2,554€3,607▲
Furniture and vehicles24€100,313€79,605▼
Other tangible fixed assets26€4,132€4,132=
Financial fixed assets28€1,365€1,365=
Current assets29/58€299,254€347,362▲
Amounts receivable within one year40/41€148,610€1,838▼
Trade receivables40€148,610€1,838▼
Current investments50/53-€4,000
Cash at bank and in hand54/58-€223,250
Deferred charges and accrued income490/1€150,644€118,275▼
Equity and liabilities
Total equity and liabilities10/49€868,200€870,398▲
Equity10/15€200,238€319,623▲
Contributions10/11€13,000€13,000=
Capital10€13,000€13,000=
Issued capital100€18,600€18,600=
Uncalled capital101€5,600€5,600=
Reserves13€124,004€243,389▲
Non-distributable reserves130/1€1,860€1,860=
Legal reserve130€1,860€1,860=
Distributable reserves133€122,144€241,529▲
Profit (loss) carried forward14€63,234€63,234=
Provisions and deferred taxes16€31,998-
Provisions for liabilities and charges160/5€31,998-
Pensions and similar obligations160€31,998-
Amounts payable17/49€635,964€550,775▼
Amounts payable after more than one year17€352,764€297,849▼
Financial debts170/4€352,764€297,849▼
Amounts payable within one year42/48€283,200€252,926▼
Current portion of amounts payable after more than one year42€53,210€54,914▲
Trade debts44€3,637-
Suppliers440/4€3,637-
Taxes, remuneration and social security45€303€49,815▲
Taxes450/3€303€49,815▲
Other amounts payable47/48€226,051€148,197▼
Income statement Code20242025
Turnover70€593,316-
Goods, raw materials, services and sundry goods60/61€369,433-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€56,650€63,200▲
Other operating charges640/8€10,895€5,586▼
Non-recurring operating charges66A€3,209-
Gross operating margin9900€223,883€240,033▲
Operating profit (loss)9901€153,129€171,247▲
Financial income75/76B€393€661▲
Recurring financial income75€393€661▲
Financial charges65/66B€162,474€13,471▼
Recurring financial charges65€162,474€13,471▼
Profit (loss) for the period before taxes9903-€8,953€158,437▲
Income taxes67/77€303€39,052▲
Profit (loss) for the period9904-€9,256€119,385▲
Profit (loss) for the period to be appropriated9905-€9,256€119,385▲
Appropriation of the result
Profit (loss) to be appropriated9906€63,234€182,619▲
Profit (loss) brought forward from the previous period14P€72,490€63,234▼
Transfer to equity691/2-€119,385
To other reserves6921-€119,385

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2019202020212022202320242025Change
Turnover70-----€593,316--
Non-recurring operating income76A---€740----
Goods, raw materials, services and sundry goods60/61-----€369,433--
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€56,503€57,568€57,956€56,072€44,253€56,650€63,200▲ 11.6%
Other operating charges640/8---€7,087€5,575€10,895€5,586▼ 48.7%
Non-recurring operating charges66A-----€3,209--
Gross operating margin9900€171,576€118,295€166,945€137,489€198,664€223,883€240,033▲ 7.2%
Operating profit (loss)9901€107,747€55,275€99,128€74,331€148,836€153,129€171,247▲ 11.8%
Financial income75/76B---€1,299€26€393€661▲ 68.4%
Recurring financial income75--€3€1,299€26€393€661▲ 68.4%
Financial charges65/66B---€148,869€154,520€162,474€13,471▼ 91.7%
Recurring financial charges65€62,887€103,443€18,108€148,869€154,520€162,474€13,471▼ 91.7%
Profit (loss) for the period before taxes9903€44,860-€48,168€81,023-€73,239-€5,657-€8,953€158,437▲ 1,870%
Income taxes67/77€17,256€559€17,318€238€222€303€39,052▲ 12,798%
Profit (loss) for the period9904€27,604-€48,728€63,705-€73,477-€5,880-€9,256€119,385▲ 1,390%
Profit (loss) for the period to be appropriated9905€27,604-€48,728€63,705-€73,477-€5,880-€9,256€119,385▲ 1,390%
Line2019202020212022202320242025Change
Assets
Total assets20/58€859,567€777,667€801,102€745,795€780,052€868,200€870,398▲ 0.3%
Fixed assets21/28€641,914€602,440€565,236€515,821€515,377€568,946€523,035▼ 8.1%
Intangible fixed assets21-----€0--
Tangible fixed assets22/27€640,549€601,075€563,871€514,456€514,012€567,581€521,670▼ 8.1%
Land and buildings22---€495,529€489,802€460,582€434,327▼ 5.7%
Plant, machinery and equipment23---€4,567€4,852€2,554€3,607▲ 41.3%
Furniture and vehicles24---€10,227€15,226€100,313€79,605▼ 20.6%
Other tangible fixed assets26---€4,132€4,132€4,132€4,132=
Financial fixed assets28€1,365€1,365€1,365€1,365€1,365€1,365€1,365=
Current assets29/58€217,653€175,227€235,867€229,974€264,675€299,254€347,362▲ 16.1%
Amounts receivable within one year40/41€138,297€73,563€112,354€2,162€16,466€148,610€1,838▼ 98.8%
Trade receivables40---€400€8,688€148,610€1,838▼ 98.8%
Other amounts receivable41---€1,762€7,778---
Current investments50/53------€4,000-
Cash at bank and in hand54/58€77,629€97,708€119,795€152,667€151,306-€223,250-
Deferred charges and accrued income490/1---€75,145€96,903€150,644€118,275▼ 21.5%
Equity and liabilities
Total equity and liabilities10/49€859,567€777,667€801,102€745,795€780,052€868,200€870,398▲ 0.3%
Equity10/15€273,873€225,145€288,850€215,373€209,494€200,238€319,623▲ 59.6%
Contributions10/11€13,000€13,000€13,000€13,000€13,000€13,000€13,000=
Capital10---€13,000€13,000€13,000€13,000=
Issued capital100---€18,600€18,600€18,600€18,600=
Uncalled capital101---€5,600€5,600€5,600€5,600=
Reserves13€60,299€60,299€124,004€124,004€124,004€124,004€243,389▲ 96.3%
Non-distributable reserves130/1---€1,860€1,860€1,860€1,860=
Legal reserve130---€1,860€1,860€1,860€1,860=
Distributable reserves133---€122,144€122,144€122,144€241,529▲ 97.7%
Profit (loss) carried forward14€200,574€151,846€151,846€78,369€72,490€63,234€63,234=
Provisions and deferred taxes16€31,998€31,998€31,998€31,998€31,998€31,998--
Provisions for liabilities and charges160/5---€31,998€31,998€31,998--
Pensions and similar obligations160---€31,998€31,998€31,998--
Amounts payable17/49€553,696€520,524€480,254€498,423€538,560€635,964€550,775▼ 13.4%
Amounts payable after more than one year17€482,842€447,189€401,028€362,049€325,543€352,764€297,849▼ 15.6%
Financial debts170/4---€362,049€325,543€352,764€297,849▼ 15.6%
Amounts payable within one year42/48€69,229€73,335€79,227€136,374€213,017€283,200€252,926▼ 10.7%
Current portion of amounts payable after more than one year42---€38,978€36,506€53,210€54,914▲ 3.2%
Trade debts44€4,666€1,016€5,302€710€1,483€3,637--
Suppliers440/4---€710€1,483€3,637--
Taxes, remuneration and social security45---€6,500€6,500€303€49,815▲ 16,352%
Taxes450/3---€6,500€6,500€303€49,815▲ 16,352%
Other amounts payable47/48---€90,185€168,528€226,051€148,197▼ 34.4%
Line2019202020212022202320242025Change
Profit (loss) for the period9904€27,604-€48,728€63,705-€73,477-€5,880-€9,256€119,385▲ 1,390%
+ Depreciation and write-downs630€56,503€57,568€57,956€56,072€44,253€56,650€63,200▲ 11.6%
Operating cash flow (approximation)€84,107€8,840€121,661-€17,405€38,373€47,394€182,584▲ 285%
Investment in fixed assets (approximation)--€18,094-€20,751-€6,657-€43,809-€110,219-€17,289▲ 84.3%
Change in cash-€20,080€22,086€32,872-€1,361---

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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