CHRILSE
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 30-07-2026 at the NBB all 5 filings
Turnover
≈ €93,000
Estimated: probably between €69,000 and €130,000
Total assets
€90,167▲ 17.9%
2024 · €76,493
Net result
€7,265▼ 67.7%
2024 · €22,461
Working capital
€27,952▼ 6.3%
2024 · €29,833
Multi-year overview
2021 to 2025, 5 financial yearsOperating result
€11,584
▼ 64.4%
2025
20212025
Net result
€7,265
▼ 67.7%
2025
middle half of the sector
20212025
Equity
€47,653
▲ 0.4%
2025
middle half of the sector
20212025
Total assets
€90,167
▲ 17.9%
2025
middle half of the sector
20212025
Debt
€42,514
▲ 46.4%
2025
20212025
Working capital
€27,952
▼ 6.3%
2025
middle half of the sector
20212025
Solvency
52.8%
▼ 9.2pp
2025
middle half of the sector
20212025
Current ratio
2.06
▼ 0.55
2025
middle half of the sector
20212025
Return on assets (ROA)
8.1%
▼ 21.3pp
2025
middle half of the sector
20212025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20212022202320242025
Operating result€2,573-€5,487▲ 113%€32,666▲ 495%€32,520▼ 0.4%€11,584▼ 64.4%
Net result€1,547within the sector's middle half-€2,224within the sector's middle half▲ 43.8%€23,100above the sector's middle half▲ 939%€22,461above the sector's middle half▼ 2.8%€7,265within the sector's middle half▼ 67.7%
Equity€3,047within the sector's middle half-€5,270within the sector's middle half▲ 73.0%€26,704within the sector's middle half▲ 407%€47,447within the sector's middle half▲ 77.7%€47,653within the sector's middle half▲ 0.4%
Total assets€46,060within the sector's middle half-€48,033within the sector's middle half▲ 4.3%€70,442within the sector's middle half▲ 46.7%€76,493within the sector's middle half▲ 8.6%€90,167within the sector's middle half▲ 17.9%
Debt€43,014-€42,762▼ 0.6%€43,738▲ 2.3%€29,046▼ 33.6%€42,514▲ 46.4%
Working capital-€211within the sector's middle half-€2,287within the sector's middle half€18,677within the sector's middle half▲ 717%€29,833above the sector's middle half▲ 59.7%€27,952within the sector's middle half▼ 6.3%
Solvency6.6%within the sector's middle half-11.0%within the sector's middle half▲ 4.4pp37.9%within the sector's middle half▲ 26.9pp62.0%above the sector's middle half▲ 24.1pp52.8%within the sector's middle half▼ 9.2pp
Current ratio0.98within the sector's middle half-1.22within the sector's middle half▲ 0.241.94within the sector's middle half▲ 0.732.61above the sector's middle half▲ 0.672.06within the sector's middle half▼ 0.55
Return on assets (ROA)3.4%within the sector's middle half-4.6%within the sector's middle half▲ 1.3pp32.8%above the sector's middle half▲ 28.2pp29.4%above the sector's middle half▼ 3.4pp8.1%within the sector's middle half▼ 21.3pp
above
within
below
The sector band is the middle half of the companies in Personal service activities (NACE 96). 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 64% lower than in 2024. It is the second fall in a row.
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 €90,167
Fixed assets
€35,945 ▲ 27.8%
Current assets
€54,222 ▲ 12.1%
Equity and liabilities €90,167
Equity
€47,653 ▲ 0.4%
Debt
€42,514 ▲ 46.4%
Debt's share of the balance-sheet total rises from 38.0% to 47.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€21,054▼
2024 · €39,978
Cash flow
€16,734▼
2024 · €29,919
Quick ratio
1.94▼
2024 · 2.48
Debt to equity
0.89▲
2024 · 0.61
ROE
15.2%▼
2024 · 47.3%
Interest coverage
18.35▲
2024 · 16.74
Debt ≤ 1 year
€26,270▲
2024 · €18,538
Debt > 1 year
€16,090▲
2024 · €9,626
Income taxes
€3,558▼
2024 · €7,745
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 | €36,320 | €7,942 | €3,267 | €8,561 | €26,327 |
| Intangible fixed assets | - | - | €2,045 | €2,388 | €1,250 |
| Financial fixed assets | - | €125 | - | - | - |
| Depreciation and write-downs of the year | €1,458 | €10,302 | €8,558 | €7,458 | €9,470 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2025 · 3 entries · €1,753 awarded · €2,531 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €268 | €0 |
| 2023 | 1 | €0 | €1,796 |
| 2022 | 1 | €1,485 | €735 |
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,458 | €10,302 | €8,558 | €7,458 | €9,470 | ▲ 27.0% |
| Other operating charges640/8 | €309 | €1,240 | €1,109 | €1,103 | €1,820 | ▲ 65.0% |
| Non-recurring operating charges66A | - | - | - | €70 | €8,777 | ▲ 125× |
| Gross operating margin9900 | €4,340 | €17,029 | €42,334 | €41,151 | €31,651 | ▼ 23.1% |
| Operating profit (loss)9901 | €2,573 | €5,487 | €32,666 | €32,520 | €11,584 | ▼ 64.4% |
| Financial income75/76B | €28 | €14 | €85 | €74 | €386 | ▲ 425% |
| Recurring financial income75 | €28 | €14 | €85 | €74 | €386 | ▲ 425% |
| Financial charges65/66B | €441 | €1,211 | €1,642 | €2,388 | €1,147 | ▼ 52.0% |
| Recurring financial charges65 | €441 | €1,211 | €1,642 | €2,388 | €1,147 | ▼ 52.0% |
| Profit (loss) for the period before taxes9903 | €2,160 | €4,290 | €31,109 | €30,206 | €10,823 | ▼ 64.2% |
| Income taxes67/77 | €614 | €2,067 | €8,009 | €7,745 | €3,558 | ▼ 54.1% |
| Profit (loss) for the period9904 | €1,547 | €2,224 | €23,100 | €22,461 | €7,265 | ▼ 67.7% |
| Profit (loss) for the period to be appropriated9905 | €1,547 | €2,224 | €23,100 | €22,461 | €7,265 | ▼ 67.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €46,060 | €48,033 | €70,442 | €76,493 | €90,167 | ▲ 17.9% |
| Formation expenses20 | €2,669 | - | - | - | - | - |
| Fixed assets21/28 | €34,870 | €35,179 | €31,934 | €28,122 | €35,945 | ▲ 27.8% |
| Intangible fixed assets21 | - | - | €1,700 | €3,275 | €2,633 | ▼ 19.6% |
| Tangible fixed assets22/27 | €34,870 | €35,179 | €30,234 | €24,848 | €33,312 | ▲ 34.1% |
| Plant, machinery and equipment23 | €5,262 | €4,162 | €5,854 | €9,290 | €6,457 | ▼ 30.5% |
| Furniture and vehicles24 | €28,243 | €22,774 | €17,018 | €6,863 | €4,760 | ▼ 30.6% |
| Other tangible fixed assets26 | €1,365 | €8,244 | €7,363 | €8,695 | €22,095 | ▲ 154% |
| Current assets29/58 | €8,521 | €12,853 | €38,509 | €48,371 | €54,222 | ▲ 12.1% |
| Stocks and contracts in progress3 | €25 | €584 | €742 | €2,418 | €3,160 | ▲ 30.7% |
| Stocks30/36 | €25 | €584 | €742 | €2,418 | €3,160 | ▲ 30.7% |
| Amounts receivable within one year40/41 | €5,536 | €4,587 | €20,735 | €12,444 | €16,583 | ▲ 33.3% |
| Trade receivables40 | €5,536 | €4,587 | €6,346 | €10,173 | €8,659 | ▼ 14.9% |
| Other amounts receivable41 | - | - | €14,389 | €2,271 | €7,923 | ▲ 249% |
| Current investments50/53 | - | - | - | - | €24,368 | - |
| Cash at bank and in hand54/58 | €257 | €5,820 | €14,413 | €29,458 | €8,703 | ▼ 70.5% |
| Deferred charges and accrued income490/1 | €2,703 | €1,863 | €2,618 | €4,051 | €1,409 | ▼ 65.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €46,060 | €48,033 | €70,442 | €76,493 | €90,167 | ▲ 17.9% |
| Equity10/15 | €3,047 | €5,270 | €26,704 | €47,447 | €47,653 | ▲ 0.4% |
| Contributions10/11 | €1,500 | €1,500 | €1,500 | €1,500 | €1,500 | = |
| Reserves13 | €1,547 | €3,770 | €25,204 | €45,947 | €46,153 | ▲ 0.4% |
| Distributable reserves133 | €1,547 | €3,770 | €25,204 | €45,947 | €46,153 | ▲ 0.4% |
| Amounts payable17/49 | €43,014 | €42,762 | €43,738 | €29,046 | €42,514 | ▲ 46.4% |
| Amounts payable after more than one year17 | €32,104 | €32,196 | €23,907 | €9,626 | €16,090 | ▲ 67.1% |
| Financial debts170/4 | €22,832 | €17,466 | €11,765 | €3,059 | €16,090 | ▲ 426% |
| Other amounts payable178/9 | €9,273 | €14,730 | €12,142 | €6,567 | - | - |
| Amounts payable within one year42/48 | €8,732 | €10,566 | €19,831 | €18,538 | €26,270 | ▲ 41.7% |
| Current portion of amounts payable after more than one year42 | €5,475 | €5,422 | €5,720 | €3,455 | €7,255 | ▲ 110% |
| Financial debts43 | - | - | €5,866 | €4,135 | €4,766 | ▲ 15.3% |
| Credit institutions430/8 | - | - | €5,866 | €4,135 | €75 | ▼ 98.2% |
| Other loans439 | - | - | - | - | €4,691 | - |
| Trade debts44 | €1,249 | €3,239 | €3,201 | €7,404 | €5,419 | ▼ 26.8% |
| Suppliers440/4 | €1,249 | €3,239 | €3,201 | €7,404 | €5,419 | ▼ 26.8% |
| Taxes, remuneration and social security45 | €2,008 | €1,905 | €3,378 | €1,083 | €3,517 | ▲ 225% |
| Taxes450/3 | €2,008 | €1,905 | €3,378 | €1,083 | €3,517 | ▲ 225% |
| Other amounts payable47/48 | - | - | €1,666 | €2,460 | €5,312 | ▲ 116% |
| Accrued charges and deferred income492/3 | €2,178 | - | - | €882 | €155 | ▼ 82.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,547 | €2,224 | €23,100 | €22,461 | €7,265 | ▼ 67.7% |
| + Depreciation and write-downs630 | €1,458 | €10,302 | €8,558 | €7,458 | €9,470 | ▲ 27.0% |
| Operating cash flow (approximation) | €3,004 | €12,526 | €31,658 | €29,919 | €16,734 | ▼ 44.1% |
| Investment in fixed assets (approximation) | - | -€10,612 | -€5,312 | -€3,647 | -€17,292 | ▼ 374% |
| Change in cash | - | €5,563 | €8,594 | €15,044 | -€20,754 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 26,972 companies had the same profile as CHRILSE has now. Two years later, 94.9% were still going and 1.6% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
94.9%
was still going
3.4%
stopped otherwise
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CHRILSE itself: 1.8% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 26,972 companies, not a prediction for CHRILSE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-07-2026 | 2026-00355210 | |
| 31-12-2024 | micro format | 17-07-2025 | 2025-00279027 | |
| 31-12-2023 | micro format | 30-07-2024 | 2024-00303207 | |
| 31-12-2022 | micro format | 25-05-2023 | 2023-00093918 | |
| 31-12-2021 | micro format | 11-07-2022 | 2022-20168390 |