CHOPIN
ActiveSummary
The annual accounts of CHOPIN for fiscal year 2025 show a net loss of 59% of the equity at the start of that year. The 2025 annual accounts show equity of €7k and a net result of €-10k. Equity is shrinking by ~3% per year across the filed fiscal years. Its solvency ranks better than 10% of 8692 sector peers (fiscal year 2025). The company has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability33▲+33
Solvency26▼-3
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.03 against 0.0 in 2024; short-term debt: 98.7% and cash: 2.5% of total assets), and 98.7% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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
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
1.3%
Return on assets
-1.8%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-10k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 8692 sector peers (2025).
NBB · sector comparisonPosition among 8692 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
28 d early
2023
1 d early
2022
31 d late
2021
153 d late
2020
30 d late
2019
245 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€7k▼ 59.3%
2024 · €17k
Total assets
€554k▲ 30.9%
2024 · €423k
Net result
€-10k▲ 98.1%
2024 · €-528k
Working capital
€-533k▼ 31.8%
2024 · €-404k
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
Operating result€-20k▼ 44.5%€39k€-20k€-24k▼ 21.8%€-10k▲ 56.9%
Net result€88k€28k▼ 67.9%€-21k€-528k▼ 2,441%€-10k▲ 98.1%
Equity€537k▲ 19.5%€565k▲ 5.2%€545k▼ 3.7%€17k▼ 96.9%€7k▼ 59.3%
Total assets€1.01M▼ 0.9%€981k▼ 2.5%€971k▼ 1.0%€423k▼ 56.5%€554k▲ 30.9%
Debt€469k▲ 10.5%€416k▼ 11.3%€427k▲ 2.6%€406k▼ 4.9%€547k▲ 34.7%
Working capital€-237k▼ 22.7%€-211k▲ 11.2%€-221k▼ 4.9%€-404k▼ 82.8%€-533k▼ 31.8%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €10k in 2025 against €24k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €554k
Fixed assets
€540k ▲ 28.1%
Current assets
€14k ▲ 695%
Equity and liabilities €554k
Equity
€7k ▼ 59.3%
Debt
€547k ▲ 34.7%
Debt's share of the balance-sheet total rises from 96.0% to 98.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€0▲
2024 · €-14k
Cash flow
€392▲
2024 · €-517k
Current ratio
0.03▲
2024 · 0.00
Debt to equity
78.98▲
2024 · 23.88
ROE
-145.6%
ROA
-1.8%▲
2024 · -124.7%
Debt ≤ 1 year
€547k▲
2024 · €406k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | €10k | €10k | €11k | €10k | ▼ 2.2% |
| Other operating charges640/8 | €5k | €5k | €5k | €6k | - | - |
| Gross operating margin9900 | €-5k | €54k | €-4k | €-7k | - | - |
| Operating profit (loss)9901 | €-20k | €39k | €-20k | €-24k | €-10k | ▲ 56.9% |
| Financial income75/76B | - | - | €0 | €876 | €392 | ▼ 55.2% |
| Recurring financial income75 | - | - | €0 | €876 | €392 | ▼ 55.2% |
| Financial charges65/66B | €555 | €665 | €845 | €504k | - | - |
| Recurring financial charges65 | €555 | €665 | €845 | €504k | - | - |
| Profit (loss) for the period before taxes9903 | €-21k | €38k | €-21k | €-528k | €-10k | ▲ 98.1% |
| Transfer from deferred taxes780 | €142k | - | - | - | - | - |
| Income taxes67/77 | €33k | €10k | - | - | - | - |
| Profit (loss) for the period9904 | €88k | €28k | €-21k | €-528k | €-10k | ▲ 98.1% |
| Transfer from tax-exempt reserves789 | €275k | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €363k | €28k | €-21k | €-528k | €-10k | ▲ 98.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.01M | €981k | €971k | €423k | €554k | ▲ 30.9% |
| Fixed assets21/28 | €917k | €907k | €897k | €421k | €540k | ▲ 28.1% |
| Tangible fixed assets22/27 | €417k | €407k | €397k | €421k | €540k | ▲ 28.1% |
| Land and buildings22 | €417k | €407k | €397k | €421k | €411k | ▼ 2.5% |
| Assets under construction and advance payments27 | - | - | - | - | €129k | - |
| Financial fixed assets28 | €500k | €500k | €500k | - | - | - |
| Current assets29/58 | €89k | €74k | €75k | €2k | €14k | ▲ 695% |
| Amounts receivable within one year40/41 | €88k | €74k | €75k | - | - | - |
| Trade receivables40 | €25k | - | - | - | - | - |
| Other amounts receivable41 | €63k | €74k | €75k | - | - | - |
| Cash at bank and in hand54/58 | €711 | €534 | €257 | €2k | €14k | ▲ 695% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.01M | €981k | €971k | €423k | €554k | ▲ 30.9% |
| Equity10/15 | €537k | €565k | €545k | €17k | €7k | ▼ 59.3% |
| Contributions10/11 | €401k | €401k | €401k | €401k | €401k | = |
| Reserves13 | €63k | €63k | €63k | €63k | €63k | = |
| Distributable reserves133 | €63k | €63k | €63k | €63k | €63k | = |
| Profit (loss) carried forward14 | €73k | €101k | €81k | €-447k | €-457k | ▼ 2.3% |
| Amounts payable17/49 | €469k | €416k | €427k | €406k | €547k | ▲ 34.7% |
| Amounts payable after more than one year17 | €143k | €131k | €131k | - | - | - |
| Financial debts170/4 | €131k | €131k | €131k | - | - | - |
| Other amounts payable178/9 | €12k | - | - | - | - | - |
| Amounts payable within one year42/48 | €326k | €285k | €296k | €406k | €547k | ▲ 34.7% |
| Trade debts44 | €43k | - | - | €261 | €47k | ▲ 17,811% |
| Suppliers440/4 | €43k | - | - | €261 | €47k | ▲ 17,811% |
| Taxes, remuneration and social security45 | €33k | €44k | €38k | €546 | €20k | ▲ 3,502% |
| Taxes450/3 | €33k | €44k | €38k | €546 | €20k | ▲ 3,502% |
| Other amounts payable47/48 | €249k | €241k | €258k | €405k | €480k | ▲ 18.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €88k | €28k | €-21k | €-528k | €-10k | ▲ 98.1% |
| + Depreciation and write-downs630 | €10k | €10k | €10k | €11k | €10k | ▼ 2.2% |
| Operating cash flow (approximation) | €98k | €39k | €-10k | €-517k | €392 | ▲ 100% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €465k | €-129k | ▼ 128% |
| Change in cash | - | €-177 | €-277 | €2k | €12k | ▲ 712% |
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
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-528k
Net result drops to €-528k, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 153 days late
2021
31-12
Financial
Back to profitnet €88k
Net result €88k after one loss-making year.
31-12
Financial
Equity above €500kEq €537k ▲19.5%
Equity rises from €450k to €537k.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
02-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 245 days late
2019
31-12
Financial
Back to profitnet €24k
Net result €24k after one loss-making year.
30-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 122 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 58 days late
2017
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Zele · 1 establishment unit since 1991
Ground area
2,460 m²
Building footprint
945 m²
Volume, LiDAR
5,746 m³
Parcel 42402C1836/00D000, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
14
companies at this address
See who is registered here
1 establishment unit
CHOPIN
since 19912.054.109.612
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42402C1836/00D000 | Flanders | 2,460 m² | 1 · 945 m² | 9.7 m · 2 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.
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,587. 18,923 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded20-08-1991
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
68110Buying and selling of own real estate
68121Development of residential building projects
68122Development of non-residential building projects
70100Activities of head offices
81100Combined facilities support activities
82990Other business support services
Contact
Phone
(0475)44 55 20Zele
Scores and ratios are computed by Checked and are not a credit decision.