CHIVAN
ActiveCHIVAN has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €127k and a net result of €79k. Equity is growing by ~8.7% per year across the filed fiscal years. Its solvency ranks better than 91% of 18942 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
83
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+45
Solvency100=
Growth85▲+7
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 3.22 against 11.18 in 2023; short-term debt: 19.9% and cash: 29% of total assets), and 19.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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
not confirmed
2024
61 d late
2023
425 d late
2022
35 d early
2021
331 d late
2020
788 d late
2017
182 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€417k▲ 119%
2023 · €190k
2023: €190k
2023 → 2024
EBIT margin
21.1%▲ 16.9pp
2023 · 4.2%
2023: 4.2%
2023 → 2024
Net result
€79k▲ 1,485%
2023 · €5k
2020: €751
2021: €7k
2022: €-8k
2023: €5k
2020 → 2024
Working capital
€70k▲ 14.8%
2023 · €61k
2020: €57k
2021: €64k
2022: €56k
2023: €61k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€190k€417k▲ 119%
Equity€62k-€69k▲ 10.4%€61k▼ 10.9%€66k▲ 8.2%€127k▲ 91.9%
Operating result€778-€7k▲ 766%€-7k€8k€88k▲ 1,002%
Net result€751-€7k▲ 766%€-8k€5k€79k▲ 1,485%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 1,002% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €159k
Fixed assets
€57k▲ 1,016%
Current assets
€102k▲ 51.6%
Equity and liabilities €159k
Equity
€127k▲ 91.9%
Debt
€32k▲ 426%
The debt ratio rises from 8.3% to 19.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€100k
Cash flow
€92k
Solvency
80.1%▼
2023 · 91.7%
Current ratio
3.22▼
2023 · 11.18
Quick ratio
3.08▼
2023 · 9.69
Debt / equity
0.25▲
2023 · 0.09
ROE
62.5%▲
2023 · 7.6%
ROA
50.1%▲
2023 · 6.9%
Interest coverage
13.95
Debt
€32k▲
2023 · €6k
Debt ≤ 1 year
€32k▲
2023 · €6k
Income taxes
€1k
Staff costs
€20k▼
2023 · €49k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€72k€159k▲
Fixed assets21/28€5k€57k▲
Tangible fixed assets22/27-€52k
Plant, machinery and equipment23-€4k
Furniture and vehicles24-€48k
Financial fixed assets28€5k€5k=
Current assets29/58€67k€102k▲
Stocks and contracts in progress3€9k€5k▼
Stocks30/36€9k€5k▼
Amounts receivable within one year40/41€9k€51k▲
Trade receivables40€9k€40k▲
Other amounts receivable41-€11k
Cash at bank and in hand54/58€49k€46k▼
Equity and liabilities
Total equity and liabilities10/49€72k€159k▲
Equity10/15€66k€127k▲
Contributions10/11€19k-
Reserves13€13k€13k=
Non-distributable reserves130/1€12k€12k=
Other1319€12k€12k=
Distributable reserves133€1k€1k=
Profit (loss) carried forward14€35k€114k▲
Amounts payable17/49€6k€32k▲
Amounts payable within one year42/48€6k€32k▲
Trade debts44€3k€20k▲
Suppliers440/4€3k€20k▲
Taxes, remuneration and social security45€3k€10k▲
Taxes450/3€3k€3k▼
Remuneration and social security454/9-€6k
Other amounts payable47/48-€2k
Income statement
Code20232024
Turnover70€190k€417k▲
Goods, raw materials, services and sundry goods60/61€132k€289k▲
Remuneration, social security and pensions62€49k€20k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€12k
Other operating charges640/8€1k-
Non-recurring operating charges66A-€8k
Gross operating margin9900€58k€128k▲
Operating profit (loss)9901€8k€88k▲
Financial charges65/66B€3k€7k▲
Recurring financial charges65€3k€7k▲
Profit (loss) for the period before taxes9903€5k€81k▲
Income taxes67/77-€1k
Profit (loss) for the period9904€5k€79k▲
Profit (loss) for the period to be appropriated9905€5k€79k▲
Appropriation of the result
Profit (loss) to be appropriated9906€35k€114k▲
Profit (loss) brought forward from the previous period14P€30k€35k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
03-09
State Gazette act
Resignations & appointmentsGeneral meeting · Director appointment2 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director appointment2 facts ▸
- General meeting, 01/09/2026
- Director appointment, Mahmoud HASAN (administrateur)
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
29-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 425 days late
2024
31-12
Financial
Highest result since 2020net €79k ▲1485%
Operating result €88k, net result €79k, both a record.
31-12
Financial
Equity above €100kEq €127k ▲91.9%
2 profitable years in a row build equity to €127k.
2023
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
27-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 788 days late
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 331 days late
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €-8k ▼216%
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
2019
29-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 182 days late
2016
14-10
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 75 days late
2015
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 31 days late
2014
27-07
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2012
30-09
NBB filing
Annual accounts filed
fiscal year 2011 · full schema · 61 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2026
Mahmoud HASAN
CurrentDirector · since 01-09-2026
01-09-2026
Appointed as Director
Location & real-estate footprint
Registered office, Arlon · 1 establishment unit since 2013
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Place du Docteur-Hollenfeltz 266700 ArlonGround area
105 m²
Building footprint
91 m²
Volume, LiDAR
1,124 m³
Parcel 81001A0335/00C000, Wallonia · tallest building 16.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
CHEZ TITI
since 20132.220.208.749
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 81001A0335/00C000 | Wallonia | 105 m² | 1 · 91 m² | 16.0 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteArlon2.220.208.749
Similar companies · same sector, comparable size
Kuyken
BE 0803.071.611
Lommel · Eq €127k
ARNISA
BE 0834.431.018
Wemmel · Eq €127k
CEMI
BE 0713.880.606
Houffalize · Eq €127k
PITA SAN MARCO
BE 0417.966.466
Aartselaar · Eq €127k
ANTONELLA
BE 0881.998.927
Elsene · Eq €127k
Of 21,896 companies in sector 56112 we hold annual accounts for 9,785. 7,500 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-09-2001
Fiscal year end31-12
Activities, NACEBEL
55302
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.