CHJED
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 22-04-2026 PDF all 14 filings
Turnover
≈ €180,000
Estimated: probably between €130,000 and €230,000
Total assets
€1.4m▲ 13.9%
2024 · €1.2m
Net result
€314,175▲ 15.2%
2024 · €272,666
Working capital
€200,213▲ 47.6%
2024 · €135,620
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€70,341
▲ 241%
2025
20182025
Net result
€314,175
▲ 15.2%
2025
highest quarter of the sector
20182025
Equity
€864,374
▲ 27.2%
2025
highest quarter of the sector
20182025
Total assets
€1.4m
▲ 13.9%
2025
highest quarter of the sector
20182025
Debt
€522,784
▼ 2.9%
2025
20182025
Working capital
€200,213
▲ 47.6%
2025
highest quarter of the sector
20182025
Solvency
62.3%
▲ 6.5pp
2025
middle half of the sector
20182025
Current ratio
1.78
▼ 0.11
2025
middle half of the sector
20182025
Return on assets (ROA)
22.6%
▲ 0.3pp
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€20-€0.01m€0.03m▲ 205%€0.02m▼ 25.1%€0.04m▲ 64.9%€0.06m▲ 66.3%€0.02m▼ 66.7%€0.07m▲ 241%
Net result-€0.001m-€0.004m€0.04mwithin the sector's middle half▲ 903%€0.04mwithin the sector's middle half▼ 13.7%€0.08mabove the sector's middle half▲ 106%€0.2mabove the sector's middle half▲ 201%€0.3mabove the sector's middle half▲ 19.8%€0.3mabove the sector's middle half▲ 15.2%
Equity€0.03m-€0.02m▼ 15.0%€0.07mwithin the sector's middle half▲ 172%€0.1mwithin the sector's middle half▲ 54.6%€0.2mwithin the sector's middle half▲ 72.8%€0.4mabove the sector's middle half▲ 127%€0.7mabove the sector's middle half▲ 67.0%€0.9mabove the sector's middle half▲ 27.2%
Total assets€0.04m-€0.3m▲ 698%€0.3mwithin the sector's middle half▲ 4.2%€0.4mwithin the sector's middle half▲ 13.9%€1.0mabove the sector's middle half▲ 151%€1.1mabove the sector's middle half▲ 11.9%€1.2mabove the sector's middle half▲ 13.9%€1.4mabove the sector's middle half▲ 13.9%
Debt€0.01m-€0.3m▲ 26×€0.3m▼ 9.8%€0.3m▲ 3.7%€0.8m▲ 180%€0.7m▼ 14.6%€0.5m▼ 18.7%€0.5m▼ 2.9%
Working capital€0.01m--€0.03m-€0.02mbelow the sector's middle half▲ 18.5%-€0.04mbelow the sector's middle half▼ 50.0%-€0.07mbelow the sector's middle half▼ 84.4%-€0.03mbelow the sector's middle half▲ 51.8%€0.1mwithin the sector's middle half€0.2mabove the sector's middle half▲ 47.6%
Solvency72.2%-7.7%▼ 64.5pp20.1%below the sector's middle half▲ 12.4pp27.2%below the sector's middle half▲ 7.2pp18.8%below the sector's middle half▼ 8.5pp38.0%within the sector's middle half▲ 19.3pp55.8%within the sector's middle half▲ 17.7pp62.3%within the sector's middle half▲ 6.5pp
Current ratio2.31-0.36▼ 1.950.58below the sector's middle half▲ 0.220.50below the sector's middle half▼ 0.080.52below the sector's middle half▲ 0.030.78below the sector's middle half▲ 0.261.89within the sector's middle half▲ 1.111.78within the sector's middle half▼ 0.11
Return on assets (ROA)-3.5%-1.3%▲ 4.8pp12.7%within the sector's middle half▲ 11.4pp9.6%within the sector's middle half▼ 3.1pp7.9%within the sector's middle half▼ 1.7pp21.3%within the sector's middle half▲ 13.4pp22.4%within the sector's middle half▲ 1.1pp22.6%within the sector's middle half▲ 0.3pp
above
within
below
The sector band is the middle half of the companies in Legal and accounting activities (NACE 69). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 3.4 times that of 2024 and the highest since 2021. It is a recovery after the fall in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.4m
Fixed assets
€930,280 =
Current assets
€456,877 ▲ 58.5%
Equity and liabilities €1.4m
Equity
€864,374 ▲ 27.2%
Debt
€522,784 ▼ 2.9%
Debt's share of the balance-sheet total falls from 44.2% to 37.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€72,196▲
2024 · €23,371
Cash flow
€316,030▲
2024 · €275,380
Debt to equity
0.60▼
2024 · 0.79
ROE
36.3%▼
2024 · 40.1%
Interest coverage
3.94▲
2024 · 0.97
Debt ≤ 1 year
€256,664▲
2024 · €152,721
Debt > 1 year
€264,241▼
2024 · €384,070
Income taxes
€53,586▲
2024 · €31,119
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €48,748 | €18,093 | €1,075 | - | €2,244 |
| Financial fixed assets | - | €550,000 | €85,000 | - | - |
| Depreciation and write-downs of the year | €5,658 | €12,462 | €12,175 | €2,714 | €1,856 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,011 | €1,835 | €2,404 | €5,658 | €12,462 | €12,175 | €2,714 | €1,856 | ▼ 31.6% |
| Other operating charges640/8 | - | - | - | €433 | €2,916 | €3,852 | €14,034 | €2,314 | ▼ 83.5% |
| Gross operating margin9900 | €11,425 | €12,573 | €33,578 | €28,747 | €52,730 | €78,127 | €37,405 | €74,511 | ▲ 99.2% |
| Operating profit (loss)9901 | -€20 | €9,904 | €30,230 | €22,655 | €37,352 | €62,101 | €20,657 | €70,341 | ▲ 241% |
| Financial income75/76B | - | - | - | €25,266 | €63,416 | €227,543 | €307,141 | €315,721 | ▲ 2.8% |
| Recurring financial income75 | €936 | €403 | €29,225 | €25,266 | €63,416 | €227,543 | €307,141 | €315,721 | ▲ 2.8% |
| Financial charges65/66B | - | - | - | €3,274 | €2,375 | €30,824 | €24,012 | €18,301 | ▼ 23.8% |
| Recurring financial charges65 | €641 | €1,843 | €3,416 | €3,274 | €2,375 | €30,824 | €24,012 | €18,301 | ▼ 23.8% |
| Profit (loss) for the period before taxes9903 | €275 | €8,464 | €56,040 | €44,648 | €98,394 | €258,820 | €303,786 | €367,760 | ▲ 21.1% |
| Income taxes67/77 | €1,680 | €4,231 | €13,590 | €8,010 | €22,877 | €31,234 | €31,119 | €53,586 | ▲ 72.2% |
| Profit (loss) for the period9904 | -€1,405 | €4,233 | €42,449 | €36,638 | €75,516 | €227,586 | €272,666 | €314,175 | ▲ 15.2% |
| Transfer from tax-exempt reserves789 | - | - | - | - | - | - | - | €29,470 | - |
| Transfer to tax-exempt reserves689 | - | - | - | €29,470 | - | €42,100 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€1,405 | €4,233 | €42,449 | €7,168 | €75,516 | €185,486 | €272,666 | €343,645 | ▲ 26.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.04m | €0.3m | €0.3m | €0.4m | €1.0m | €1.1m | €1.2m | €1.4m | ▲ 13.9% |
| Fixed assets21/28 | €0.01m | €0.3m | €0.3m | €0.3m | €0.9m | €1.0m | €0.9m | €0.9m | = |
| Tangible fixed assets22/27 | €0.01m | €0.04m | €0.04m | €0.08m | €0.07m | €0.06m | €0.03m | €0.03m | ▲ 1.2% |
| Land and buildings22 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | ▼ 3.2% |
| Plant, machinery and equipment23 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | ▼ 21.6% |
| Furniture and vehicles24 | - | - | - | €0.05m | €0.04m | €0.03m | €0.001m | €0.002m | ▲ 209% |
| Other tangible fixed assets26 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Financial fixed assets28 | - | €0.3m | €0.3m | €0.3m | €0.8m | €0.9m | €0.9m | €0.9m | = |
| Current assets29/58 | €0.03m | €0.02m | €0.03m | €0.04m | €0.07m | €0.1m | €0.3m | €0.5m | ▲ 58.5% |
| Amounts receivable within one year40/41 | €0.02m | €0.01m | €0.01m | €0.01m | €0.02m | €0.02m | €0.2m | €0.3m | ▲ 27.9% |
| Trade receivables40 | - | - | - | - | - | - | €0.02m | €0.003m | ▼ 83.4% |
| Other amounts receivable41 | - | - | - | €0.01m | €0.02m | €0.02m | €0.2m | €0.3m | ▲ 37.9% |
| Cash at bank and in hand54/58 | €0.006m | €0.002m | €0.02m | €0.02m | €0.05m | €0.09m | €0.04m | €0.1m | ▲ 248% |
| Deferred charges and accrued income490/1 | - | - | - | €0.005m | €0.002m | €0.001m | €0.003m | €0.005m | ▲ 56.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.04m | €0.3m | €0.3m | €0.4m | €1.0m | €1.1m | €1.2m | €1.4m | ▲ 13.9% |
| Equity10/15 | €0.03m | €0.02m | €0.07m | €0.1m | €0.2m | €0.4m | €0.7m | €0.9m | ▲ 27.2% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.01m | €0.006m | €0.05m | €0.09m | €0.2m | €0.4m | €0.7m | €0.8m | ▲ 28.0% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Tax-exempt reserves132 | - | - | - | €0.03m | €0.03m | €0.07m | €0.07m | €0.04m | ▼ 41.2% |
| Distributable reserves133 | - | - | - | €0.05m | €0.1m | €0.3m | €0.6m | €0.8m | ▲ 36.5% |
| Amounts payable17/49 | €0.01m | €0.3m | €0.3m | €0.3m | €0.8m | €0.7m | €0.5m | €0.5m | ▼ 2.9% |
| Amounts payable after more than one year17 | - | €0.3m | €0.2m | €0.2m | €0.6m | €0.5m | €0.4m | €0.3m | ▼ 31.2% |
| Financial debts170/4 | - | - | - | €0.2m | €0.6m | €0.5m | €0.4m | €0.3m | ▼ 31.2% |
| Amounts payable within one year42/48 | €0.01m | €0.05m | €0.06m | €0.07m | €0.1m | €0.1m | €0.2m | €0.3m | ▲ 68.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.05m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 3.3% |
| Trade debts44 | €289 | €0.001m | €0.004m | €290 | €0.009m | €0.008m | €0.008m | €0.007m | ▼ 21.3% |
| Suppliers440/4 | - | - | - | €290 | €0.009m | €0.008m | €0.008m | €0.007m | ▼ 21.3% |
| Taxes, remuneration and social security45 | - | - | - | €0.01m | €0.01m | €0.01m | €0.03m | €0.05m | ▲ 92.6% |
| Taxes450/3 | - | - | - | €0.01m | €0.01m | €0.01m | €0.03m | €0.05m | ▲ 92.6% |
| Other amounts payable47/48 | - | - | - | €0.007m | - | - | - | €0.08m | - |
| Accrued charges and deferred income492/3 | - | - | - | €0.001m | €0.001m | €0.002m | €0.002m | €0.002m | ▲ 0.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,405 | €4,233 | €42,449 | €36,638 | €75,516 | €227,586 | €272,666 | €314,175 | ▲ 15.2% |
| + Depreciation and write-downs630 | €3,011 | €1,835 | €2,404 | €5,658 | €12,462 | €12,175 | €2,714 | €1,856 | ▼ 31.6% |
| Operating cash flow (approximation) | €1,606 | €6,068 | €44,854 | €42,296 | €87,979 | €239,761 | €275,380 | €316,030 | ▲ 14.8% |
| Investment in fixed assets (approximation) | - | -€292,424 | €0 | -€48,748 | -€550,000 | -€86,075 | €24,550 | -€2,244 | - |
| Change in cash | - | -€3,389 | €18,009 | -€3,622 | €37,557 | €34,801 | -€49,209 | €98,418 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 14 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 22-04-2026 | 2026-00084583 | |
| 31-12-2024 | micro format | 29-08-2025 | 2025-00437938 | |
| 31-12-2023 | micro format | 20-06-2024 | 2024-00147789 | |
| 31-12-2022 | micro format | 28-08-2023 | 2023-00369493 | |
| 31-12-2021 | micro format | 01-07-2022 | 2022-20118750 | |
| 31-12-2020 | micro format | 15-09-2021 | 2021-67600029 | |
| 31-12-2019 | micro format | 13-11-2020 | 2020-71000426 | |
| 31-12-2018 | micro format | 29-10-2019 | 2019-71900477 | |
| 31-12-2017 | micro format | 31-08-2018 | 2018-58800388 | |
| 30-06-2016 | full format | 19-12-2016 | 2016-70600369 |