CHRISTANIEL
ActiveSummary
CHRISTANIEL has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €188,379 and a net result of €86,988. Equity remains stable across the filed fiscal years (±1.3% per year). Its solvency ranks better than 91% of 695 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+23
Solvency100▲+6
Growth61▼-1
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity ample (current ratio 3.21 against 0.72 in 2024; short-term debt: 16.7% and cash: 40.4% of total assets), and 17.2% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
82.8%
Return on assets
38.2%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Accommodation (NACE 55)
about 6% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €188,379
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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
26 d late
2024
57 d early
2023
14 d late
2022
7 d late
2021
24 d late
2020
19 d late
2019
11 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 6 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 44% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
€28,249▼ 10.9%
2024 · €31,698
EBIT margin
435.1%▲ 450.3pp
2024 · -15.2%
Net result
€86,988
2024 · -€5,317
Working capital
€83,935
2024 · -€14,993
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
Turnover€31,880=€32,710▲ 2.6%€33,499▲ 2.4%€31,698▼ 5.4%€28,249▼ 10.9%
Operating result-€6,987€3,321-€2,657-€4,817▼ 81.3%€122,907
Net result-€7,550€3,032-€2,938-€5,317▼ 81.0%€86,988
EBIT margin-21.9%▼ 25.8pp10.2%▲ 32.1pp-7.9%▼ 18.1pp-15.2%▼ 7.3pp435.1%▲ 450.3pp
Equity€126,614▼ 5.6%€129,646▲ 2.4%€126,708▼ 2.3%€121,391▼ 4.2%€188,379▲ 55.2%
Total assets€218,947▼ 20.8%€205,813▼ 6.0%€183,541▼ 10.8%€175,959▼ 4.1%€227,547▲ 29.3%
Debt€92,333▼ 35.1%€76,166▼ 17.5%€56,833▼ 25.4%€54,568▼ 4.0%€39,169▼ 28.2%
Working capital-€58,957▲ 5.7%-€36,489▲ 38.1%-€20,072▲ 45.0%-€14,993▲ 25.3%€83,935
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 returns to profit in 2025: €122,907 after a loss of €4,817 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €227,547
Fixed assets
€105,564 ▼ 23.5%
Current assets
€121,983 ▲ 221%
Equity and liabilities €227,547
Equity
€188,379 ▲ 55.2%
Debt
€39,169 ▼ 28.2%
Debt's share of the balance-sheet total falls from 31.0% to 17.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€142,047▲
2024 · €14,688
Cash flow
€106,128▲
2024 · €14,189
Current ratio
3.21▲
2024 · 0.72
Debt to equity
0.21▼
2024 · 0.45
ROE
46.2%▲
2024 · -4.4%
ROA
38.2%▲
2024 · -3.0%
Interest coverage
262.26▲
2024 · 28.23
Debt ≤ 1 year
€38,049▼
2024 · €53,023
Income taxes
€35,378▲
2024 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,324 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €31,880 | €32,710 | €33,499 | €31,698 | €28,249 | ▼ 10.9% |
| Non-recurring operating income76A | - | - | - | - | €165,611 | - |
| Goods, raw materials, services and sundry goods60/61 | €14,556 | €5,985 | €9,820 | €9,450 | €31,483 | ▲ 233% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,598 | €19,435 | €19,355 | €19,506 | €19,140 | ▼ 1.9% |
| Other operating charges640/8 | €7,483 | €6,445 | €7,508 | €7,559 | €20,330 | ▲ 169% |
| Gross operating margin9900 | €20,095 | €29,202 | €24,206 | €22,247 | €162,377 | ▲ 630% |
| Operating profit (loss)9901 | -€6,987 | €3,321 | -€2,657 | -€4,817 | €122,907 | ▲ 2,651% |
| Financial income75/76B | - | €0 | - | €20 | - | - |
| Recurring financial income75 | - | €0 | - | €20 | - | - |
| Financial charges65/66B | €563 | €289 | €281 | €520 | €542 | ▲ 4.1% |
| Recurring financial charges65 | €563 | €289 | €281 | €520 | €542 | ▲ 4.1% |
| Profit (loss) for the period before taxes9903 | -€7,550 | €3,032 | -€2,938 | -€5,317 | €122,365 | ▲ 2,401% |
| Income taxes67/77 | €0 | €0 | €0 | €0 | €35,378 | - |
| Profit (loss) for the period9904 | -€7,550 | €3,032 | -€2,938 | -€5,317 | €86,988 | ▲ 1,736% |
| Profit (loss) for the period to be appropriated9905 | -€7,550 | €3,032 | -€2,938 | -€5,317 | €86,988 | ▲ 1,736% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €218,947 | €205,813 | €183,541 | €175,959 | €227,547 | ▲ 29.3% |
| Formation expenses20 | €0 | €0 | €0 | €0 | €0 | - |
| Fixed assets21/28 | €187,236 | €167,800 | €148,445 | €137,930 | €105,564 | ▼ 23.5% |
| Tangible fixed assets22/27 | €187,236 | €167,800 | €148,445 | €137,930 | €105,564 | ▼ 23.5% |
| Land and buildings22 | €187,016 | €167,691 | €148,445 | €137,930 | €105,564 | ▼ 23.5% |
| Furniture and vehicles24 | €220 | €110 | €0 | €0 | €0 | - |
| Current assets29/58 | €31,711 | €38,012 | €35,096 | €38,030 | €121,983 | ▲ 221% |
| Amounts receivable within one year40/41 | €24,582 | €29,910 | €31,071 | €33,574 | €28,153 | ▼ 16.1% |
| Trade receivables40 | €11,544 | €14,810 | €15,955 | €16,441 | €1,652 | ▼ 90.0% |
| Other amounts receivable41 | €13,038 | €15,100 | €15,116 | €17,133 | €26,501 | ▲ 54.7% |
| Cash at bank and in hand54/58 | €5,329 | €6,009 | €1,383 | €1,621 | €91,957 | ▲ 5,574% |
| Deferred charges and accrued income490/1 | €1,800 | €2,093 | €2,641 | €2,835 | €1,872 | ▼ 33.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €218,947 | €205,813 | €183,541 | €175,959 | €227,547 | ▲ 29.3% |
| Equity10/15 | €126,614 | €129,646 | €126,708 | €121,391 | €188,379 | ▲ 55.2% |
| Contributions10/11 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Capital10 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Issued capital100 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Reserves13 | €63,797 | €63,797 | €63,797 | €63,797 | €126,297 | ▲ 98.0% |
| Non-distributable reserves130/1 | €6,197 | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Legal reserve130 | €6,197 | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Distributable reserves133 | €57,600 | €57,600 | €57,600 | €57,600 | €120,100 | ▲ 109% |
| Profit (loss) carried forward14 | €843 | €3,876 | €938 | -€4,380 | €108 | ▲ 102% |
| Amounts payable17/49 | €92,333 | €76,166 | €56,833 | €54,568 | €39,169 | ▼ 28.2% |
| Amounts payable within one year42/48 | €90,668 | €74,501 | €55,168 | €53,023 | €38,049 | ▼ 28.2% |
| Financial debts43 | €0 | - | - | €0 | €0 | - |
| Credit institutions430/8 | €0 | - | - | €0 | €0 | - |
| Trade debts44 | €159 | €268 | €1,550 | €3,438 | €628 | ▼ 81.7% |
| Suppliers440/4 | €159 | €268 | €1,550 | €3,438 | €628 | ▼ 81.7% |
| Taxes, remuneration and social security45 | €0 | - | €0 | - | €294 | - |
| Taxes450/3 | €0 | - | €0 | - | €294 | - |
| Other amounts payable47/48 | €90,509 | €74,233 | €53,618 | €49,585 | €37,126 | ▼ 25.1% |
| Accrued charges and deferred income492/3 | €1,665 | €1,665 | €1,665 | €1,545 | €1,120 | ▼ 27.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,550 | €3,032 | -€2,938 | -€5,317 | €86,988 | ▲ 1,736% |
| + Depreciation and write-downs630 | €19,598 | €19,435 | €19,355 | €19,506 | €19,140 | ▼ 1.9% |
| Operating cash flow (approximation) | €12,048 | €22,468 | €16,417 | €14,189 | €106,128 | ▲ 648% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€8,990 | €13,225 | ▲ 247% |
| Change in cash | - | €681 | -€4,626 | €238 | €90,337 | ▲ 37,928% |
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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 26 days late
2025
31-12
Financial
Back to profitnet €86,988
Net result €86,988 after 2 loss-making years.
31-12
Financial
Liquidity quadruplescurrent ratio 3.21
Current ratio from 0.72 to 3.21; short-term debt falls from €53,023 to €38,049.
31-12
Financial
Equity above €150,000Eq €188,379 ▲55.2%
Equity rises from €121,391 to €188,379.
04-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
14-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 14 days late
2023
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 7 days late
2022
31-12
Financial
Back to profitnet €3,032
Net result €3,032 after one loss-making year.
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 19 days late
2020
11-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 11 days late
2019
31-12
Financial
Back to profitnet €59,491
Net result €59,491 after one loss-making year.
Show earlier events
31-12
Financial
Equity above €100,000Eq €133,954 ▲79.9%
Equity rises from €74,463 to €133,954.
16-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 16 days late
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 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, Liège · 1 establishment unit since 1991
Ground area
185 m²
Building footprint
147 m²
Volume, LiDAR
4,881 m³
Parcel 62805B0476/00L023, Wallonia · tallest building 35.8 m, ±11 floors. Linked by address, not a title deed.
1 establishment unit
Boulevard Frère-Orban 43, 4000 Liège
since 19912.055.428.911
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62805B0476/00L023 | Wallonia | 185 m² | 1 · 147 m² | 35.8 m · 11 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 3,007 companies in sector 55203 we hold annual accounts for 693. 506 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
Founded07-11-1991
Fiscal year end31-12
Activities, NACEBEL 2025
55203Holiday cottages, homes and apartments
E-invoicing
Reachable via Peppol
Peppol ID
0208:0445699063
Also
9925:BE0445699063
Registered
23-12-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.