CHORUS
ActiveSummary
CHORUS has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.0m and a net result of -€71,219. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 33% of 3241 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability28▼-6
Solvency58▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €170,000 at 30 days acceptable
Liquidity short (current ratio 0.05 against 0.01 in 2024; short-term debt: 31.8% and cash: 0% of total assets), and 66.7% 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
33.3%
Return on assets
-0.8%
Age of the figures
9 mo
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
1 d early
2023
49 d late
2022
50 d late
2021
32 d late
2020
31 d late
2019
61 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 32 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed 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. Usually files around 1 September (5 of the last 5 filed years within 33 days of that day).
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, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€71,219▼ 1,110%
2024 · -€5,884
Working capital
-€2.7m▲ 2.5%
2024 · -€2.8m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€481,624▲ 177%€80,983▼ 83.2%€113,039▲ 39.6%€102,624▼ 9.2%€28,313▼ 72.4%
Net result€246,674above the sector's middle half▲ 1,412%-€53,623below the sector's middle half-€6,878below the sector's middle half▲ 87.2%-€5,884below the sector's middle half▲ 14.5%-€71,219below the sector's middle half▼ 1,110%
Equity€3.2mabove the sector's middle half▲ 8.4%€3.1mabove the sector's middle half▼ 1.7%€3.1mabove the sector's middle half▼ 0.2%€3.1mabove the sector's middle half▼ 0.2%€3.0mwithin the sector's middle half▼ 2.3%
Total assets€9.2mabove the sector's middle half▼ 0.2%€9.3mabove the sector's middle half▲ 1.4%€9.2mabove the sector's middle half▼ 1.8%€9.1mabove the sector's middle half▼ 0.7%€9.1mwithin the sector's middle half▲ 0.3%
Debt€6.0m▼ 4.2%€6.2m▲ 3.1%€6.0m▼ 2.6%€6.0m▼ 1.0%€6.1m▲ 1.6%
Working capital-€2.6mbelow the sector's middle half▲ 20.7%-€2.9mbelow the sector's middle half▼ 14.7%-€2.9mbelow the sector's middle half▲ 1.4%-€2.8mbelow the sector's middle half▲ 2.7%-€2.7mbelow the sector's middle half▲ 2.5%
Solvency34.5%within the sector's middle half▲ 2.7pp33.4%within the sector's middle half▼ 1.1pp34.0%within the sector's middle half▲ 0.5pp34.1%within the sector's middle half▲ 0.2pp33.3%within the sector's middle half▼ 0.9pp
Current ratio0.22below the sector's middle half▲ 0.110.07below the sector's middle half▼ 0.150.01below the sector's middle half▼ 0.060.01below the sector's middle half=0.05below the sector's middle half▲ 0.04
Return on assets (ROA)2.7%within the sector's middle half▲ 2.5pp-0.6%below the sector's middle half▼ 3.3pp-0.1%below the sector's middle half▲ 0.5pp-0.1%below the sector's middle half=-0.8%below the sector's middle half▼ 0.7pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 72% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9.1m
Fixed assets
€9.0m ▼ 1.1%
Current assets
€156,475 ▲ 384%
Equity and liabilities €9.1m
Equity
€3.0m ▼ 2.3%
Debt
€6.1m ▲ 1.6%
Debt's share of the balance-sheet total rises from 65.9% to 66.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€126,898▼
2024 · €200,201
Cash flow
€27,366▼
2024 · €91,693
Debt to equity
2.01▲
2024 · 1.93
ROE
-2.4%▼
2024 · -0.2%
Interest coverage
1.27▼
2024 · 1.85
Debt ≤ 1 year
€2.9m▲
2024 · €2.8m
Debt > 1 year
€171,614▼
2024 · €206,474
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €500 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €80,080 | €85,214 | €91,295 | €97,577 | €98,585 | ▲ 1.0% |
| Other operating charges640/8 | €3,610 | €111,611 | €6,124 | €6,579 | €4,272 | ▼ 35.1% |
| Gross operating margin9900 | €565,314 | €277,807 | €210,457 | €206,780 | €131,170 | ▼ 36.6% |
| Operating profit (loss)9901 | €481,624 | €80,983 | €113,039 | €102,624 | €28,313 | ▼ 72.4% |
| Financial income75/76B | €5 | €2 | - | €1 | €4 | ▲ 180% |
| Recurring financial income75 | €5 | €2 | - | €1 | €4 | ▲ 180% |
| Financial charges65/66B | €143,504 | €132,856 | €119,917 | €108,509 | €99,536 | ▼ 8.3% |
| Recurring financial charges65 | €143,504 | €132,856 | €119,917 | €108,509 | €99,536 | ▼ 8.3% |
| Profit (loss) for the period before taxes9903 | €338,124 | -€51,871 | -€6,878 | -€5,884 | -€71,219 | ▼ 1,110% |
| Income taxes67/77 | €91,450 | €1,752 | - | - | - | - |
| Profit (loss) for the period9904 | €246,674 | -€53,623 | -€6,878 | -€5,884 | -€71,219 | ▼ 1,110% |
| Profit (loss) for the period to be appropriated9905 | €246,674 | -€53,623 | -€6,878 | -€5,884 | -€71,219 | ▼ 1,110% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €9.2m | €9.3m | €9.2m | €9.1m | €9.1m | ▲ 0.3% |
| Fixed assets21/28 | €8.5m | €9.1m | €9.1m | €9.1m | €9.0m | ▼ 1.1% |
| Tangible fixed assets22/27 | €2.7m | €3.3m | €3.3m | €3.2m | €3.1m | ▼ 3.0% |
| Land and buildings22 | €2.5m | €3.2m | €3.2m | €3.1m | €3.0m | ▼ 2.5% |
| Plant, machinery and equipment23 | €8,270 | €13,816 | €86,792 | €109,680 | €96,696 | ▼ 11.8% |
| Furniture and vehicles24 | €112,773 | €45,364 | €38,076 | €29,741 | €21,406 | ▼ 28.0% |
| Financial fixed assets28 | €5.8m | €5.8m | €5.8m | €5.8m | €5.8m | = |
| Current assets29/58 | €707,417 | €219,533 | €37,104 | €32,352 | €156,475 | ▲ 384% |
| Amounts receivable within one year40/41 | €390,225 | €45,206 | €20,006 | €20,867 | €152,141 | ▲ 629% |
| Trade receivables40 | - | - | - | - | €131,000 | - |
| Other amounts receivable41 | €390,225 | €45,206 | €20,006 | €20,867 | €21,141 | ▲ 1.3% |
| Cash at bank and in hand54/58 | €314,453 | €171,351 | €15,238 | €7,761 | €472 | ▼ 93.9% |
| Deferred charges and accrued income490/1 | €2,739 | €2,976 | €1,861 | €3,723 | €3,863 | ▲ 3.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €9.2m | €9.3m | €9.2m | €9.1m | €9.1m | ▲ 0.3% |
| Equity10/15 | €3.2m | €3.1m | €3.1m | €3.1m | €3.0m | ▼ 2.3% |
| Contributions10/11 | €4.3m | €4.3m | €4.3m | €4.3m | €4.3m | = |
| Capital10 | €4.3m | €4.3m | €4.3m | €4.3m | €4.3m | = |
| Issued capital100 | €4.7m | €4.7m | €4.7m | €4.7m | €4.7m | = |
| Uncalled capital101 | €416,438 | €416,438 | €416,438 | €416,438 | €416,438 | = |
| Reserves13 | €183,900 | €183,900 | €183,900 | €183,900 | €183,900 | = |
| Non-distributable reserves130/1 | €170,400 | €170,400 | €170,400 | €170,400 | €170,400 | = |
| Legal reserve130 | €170,400 | €170,400 | €170,400 | €170,400 | €170,400 | = |
| Distributable reserves133 | €13,500 | €13,500 | €13,500 | €13,500 | €13,500 | = |
| Profit (loss) carried forward14 | -€1.3m | -€1.4m | -€1.4m | -€1.4m | -€1.4m | ▼ 5.2% |
| Amounts payable17/49 | €6.0m | €6.2m | €6.0m | €6.0m | €6.1m | ▲ 1.6% |
| Amounts payable after more than one year17 | €68,759 | €274,306 | €240,701 | €206,474 | €171,614 | ▼ 16.9% |
| Financial debts170/4 | €68,759 | €274,306 | €240,701 | €206,474 | €171,614 | ▼ 16.9% |
| Amounts payable within one year42/48 | €3.3m | €3.2m | €2.9m | €2.8m | €2.9m | ▲ 1.9% |
| Current portion of amounts payable after more than one year42 | €9,581 | €32,995 | €33,605 | €34,227 | €34,860 | ▲ 1.9% |
| Trade debts44 | €1.9m | €1.9m | €1.6m | €1.5m | €1.4m | ▼ 8.9% |
| Suppliers440/4 | €1.9m | €1.9m | €1.6m | €1.5m | €1.4m | ▼ 8.9% |
| Taxes, remuneration and social security45 | €91,450 | €1,254 | €16 | - | - | - |
| Taxes450/3 | €91,450 | €1,254 | €16 | - | - | - |
| Other amounts payable47/48 | €1.3m | €1.2m | €1.3m | €1.3m | €1.5m | ▲ 14.1% |
| Accrued charges and deferred income492/3 | €2.7m | €2.8m | €2.9m | €2.9m | €3.0m | ▲ 2.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €246,674 | -€53,623 | -€6,878 | -€5,884 | -€71,219 | ▼ 1,110% |
| + Depreciation and write-downs630 | €80,080 | €85,214 | €91,295 | €97,577 | €98,585 | ▲ 1.0% |
| Operating cash flow (approximation) | €326,754 | €31,591 | €84,416 | €91,693 | €27,366 | ▼ 70.2% |
| Investment in fixed assets (approximation) | - | -€705,628 | -€106,907 | -€34,865 | €0 | ▲ 100% |
| Change in cash | - | -€143,101 | -€156,113 | -€7,477 | -€7,289 | ▲ 2.5% |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
18-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 49 days late
2023
19-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 50 days late
2022
01-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 32 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 61 days late
2019
31-12
Financial
Back to profitnet €263,315
Net result €263,315 after one loss-making year.
12-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 43 days late
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
21-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 52 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 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
11 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 · 1 establishment unit since 1996
Ground area
7,412 m²
Building footprint
2,222 m²
Volume, LiDAR
46,518 m³
2 parcels, Brussels · tallest building 24.5 m, ±8 floors. Linked by address, not a title deed.
21
companies at this address
See who is registered here
1 establishment unit
Kernstraat 64, 1000 Brussel
since 19962.076.265.006
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21808H1854/00A002indicative | Brussels | 7,121 m² | 1 · 1,926 m² | 24.4 m · 7 fl. |
| 21808H1932/02R000 | Brussels | 291 m² | 1 · 296 m² | 24.5 m · 8 fl. |
Linked by address, not proof of ownership
Good to know
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 2
-
50%
-
50%
According to the 2025 annual accounts of CHORUS and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 15,769 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded11-01-1996
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0456864951
Registered
17-11-2025
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.