Chronos Racing
ActiveSummary
The computed 12-month bankruptcy probability of Chronos Racing is 4.4% (elevated). The 2025 annual accounts show negative equity (-€202,149) and a net result of €11,488. Equity remains stable across the filed fiscal years (±1.5% per year). Its solvency ranks better than 8% of 13683 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability79▲+8
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
4.4%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.57 against 0.38 in 2024; short-term debt: 99.7% and cash: 49.7% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
-148.9%
Return on assets
8.5%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 13683 sector peers (2025).
NBB · sector comparisonPosition among 13683 sector peers
Solvency
better than 8%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 6 filingsDeviation from the deadline
2025
28 d late
2024
33 d early
2023
26 d late
2022
35 d early
2021
26 d early
2020
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 12 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% 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 5 July (4 of the last 5 filed years within 53 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€202,149▲ 5.4%
2024 · -€213,637
Total assets
€135,798▲ 7.1%
2024 · €126,780
Net result
€11,488▲ 346%
2024 · €2,579
Working capital
-€58,293▲ 32.9%
2024 · -€86,883
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€51,525▲ 76.4%-€9,304▲ 81.9%€19,588€4,539▼ 76.8%€14,503▲ 220%
Net result-€52,542below the sector's middle half▲ 76.2%-€10,526below the sector's middle half▲ 80.0%€17,816within the sector's middle half€2,579within the sector's middle half▼ 85.5%€11,488within the sector's middle half▲ 346%
Equity-€223,506below the sector's middle half▼ 30.7%-€234,032below the sector's middle half▼ 4.7%-€216,216below the sector's middle half▲ 7.6%-€213,637below the sector's middle half▲ 1.2%-€202,149below the sector's middle half▲ 5.4%
Total assets€206,693within the sector's middle half▼ 13.8%€209,007within the sector's middle half▲ 1.1%€195,275below the sector's middle half▼ 6.6%€126,780below the sector's middle half▼ 35.1%€135,798within the sector's middle half▲ 7.1%
Debt€430,198▲ 4.8%€443,039▲ 3.0%€411,491▼ 7.1%€340,417▼ 17.3%€337,947▼ 0.7%
Working capital-€154,586below the sector's middle half▼ 36.3%-€146,437below the sector's middle half▲ 5.3%-€109,102below the sector's middle half▲ 25.5%-€86,883below the sector's middle half▲ 20.4%-€58,293below the sector's middle half▲ 32.9%
Solvency-108.1%below the sector's middle half▼ 36.8pp-112.0%below the sector's middle half▼ 3.8pp-110.7%below the sector's middle half▲ 1.2pp-168.5%below the sector's middle half▼ 57.8pp-148.9%below the sector's middle half▲ 19.7pp
Current ratio0.32below the sector's middle half▼ 0.130.39below the sector's middle half▲ 0.080.48below the sector's middle half▲ 0.090.38below the sector's middle half▼ 0.110.57within the sector's middle half▲ 0.19
Return on assets (ROA)-25.4%below the sector's middle half▲ 66.8pp-5.0%below the sector's middle half▲ 20.4pp9.1%within the sector's middle half▲ 14.2pp2.0%within the sector's middle half▼ 7.1pp8.5%within the sector's middle half▲ 6.4pp
Staff (FTE)0.7below the sector's middle half▲ 40.0%1.3below the sector's middle half▲ 85.7%1.7below the sector's middle half▲ 30.8%1.9below the sector's middle half▲ 11.8%1.8▼ 5.3%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
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 recovers in 2025; 2025 is 220% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €135,798
Fixed assets
€58,766 ▼ 21.1%
Current assets
€77,032 ▲ 47.3%
Key figures and ratios
EBITDA
€30,234▲
2024 · €24,595
Cash flow
€27,219▲
2024 · €22,635
Quick ratio
0.55▲
2024 · 0.35
Debt to equity
-1.67▼
2024 · -1.59
Interest coverage
10.03▲
2024 · 8.22
Debt ≤ 1 year
€135,325▼
2024 · €139,167
Debt > 1 year
€200,000=
2024 · €200,000
Staff costs
€82,994▼
2024 · €84,445
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,180 companies that looked in July 2024 the way this one looks now, 4.8% went bankrupt within 24 months and 89% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a profit of 5% of the balance sheet or more
4.8%
went bankrupt
5.8%
stopped otherwise
89%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 4.4% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 2,180 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €87 | - | - |
| Remuneration, social security and pensions62 | €36,388 | €60,457 | €81,809 | €84,445 | €82,994 | ▼ 1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,598 | €20,525 | €20,045 | €20,056 | €15,730 | ▼ 21.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €986 | €86 | €27 | €272 | ▲ 919% |
| Other operating charges640/8 | €5,273 | €6,189 | €8,630 | €4,949 | €7,020 | ▲ 41.8% |
| Non-recurring operating charges66A | €58 | - | €94 | - | - | - |
| Gross operating margin9900 | €9,791 | €78,852 | €130,251 | €114,016 | €120,520 | ▲ 5.7% |
| Operating profit (loss)9901 | -€51,525 | -€9,304 | €19,588 | €4,539 | €14,503 | ▲ 220% |
| Financial income75/76B | €528 | €1,089 | €1,308 | €1,031 | €0 | ▼ 100% |
| Recurring financial income75 | €528 | €1,089 | €1,308 | €1,031 | €0 | ▼ 100% |
| Financial charges65/66B | €1,545 | €2,311 | €3,080 | €2,991 | €3,015 | ▲ 0.8% |
| Recurring financial charges65 | €1,545 | €2,311 | €3,080 | €2,991 | €3,015 | ▲ 0.8% |
| Profit (loss) for the period before taxes9903 | -€52,542 | -€10,526 | €17,816 | €2,579 | €11,488 | ▲ 346% |
| Profit (loss) for the period9904 | -€52,542 | -€10,526 | €17,816 | €2,579 | €11,488 | ▲ 346% |
| Profit (loss) for the period to be appropriated9905 | -€52,542 | -€10,526 | €17,816 | €2,579 | €11,488 | ▲ 346% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €206,693 | €209,007 | €195,275 | €126,780 | €135,798 | ▲ 7.1% |
| Fixed assets21/28 | €135,289 | €114,764 | €94,136 | €74,496 | €58,766 | ▼ 21.1% |
| Tangible fixed assets22/27 | €134,864 | €114,339 | €93,711 | €74,071 | €58,341 | ▼ 21.2% |
| Plant, machinery and equipment23 | €125,557 | €108,260 | €90,963 | €74,071 | €305 | ▼ 99.6% |
| Furniture and vehicles24 | €9,307 | €6,079 | €2,748 | - | - | - |
| Other tangible fixed assets26 | - | - | - | - | €58,035 | - |
| Financial fixed assets28 | €425 | €425 | €425 | €425 | €425 | = |
| Current assets29/58 | €71,403 | €94,243 | €101,139 | €52,284 | €77,032 | ▲ 47.3% |
| Stocks and contracts in progress3 | €3,598 | €2,906 | €3,307 | €3,225 | €1,997 | ▼ 38.1% |
| Stocks30/36 | €3,598 | €2,906 | €3,307 | €3,225 | €1,997 | ▼ 38.1% |
| Amounts receivable within one year40/41 | €3,564 | €5,807 | €3,365 | €6,128 | €2,349 | ▼ 61.7% |
| Trade receivables40 | €2,709 | €4,736 | €2,468 | €5,214 | €1,665 | ▼ 68.1% |
| Other amounts receivable41 | €855 | €1,071 | €897 | €915 | €684 | ▼ 25.2% |
| Cash at bank and in hand54/58 | €62,967 | €66,597 | €74,786 | €21,841 | €67,549 | ▲ 209% |
| Deferred charges and accrued income490/1 | €1,274 | €18,933 | €19,681 | €21,090 | €5,137 | ▼ 75.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €206,693 | €209,007 | €195,275 | €126,780 | €135,798 | ▲ 7.1% |
| Equity10/15 | -€223,506 | -€234,032 | -€216,216 | -€213,637 | -€202,149 | ▲ 5.4% |
| Contributions10/11 | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Profit (loss) carried forward14 | -€273,506 | -€284,032 | -€266,216 | -€263,637 | -€252,149 | ▲ 4.4% |
| Amounts payable17/49 | €430,198 | €443,039 | €411,491 | €340,417 | €337,947 | ▼ 0.7% |
| Amounts payable after more than one year17 | €200,000 | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Financial debts170/4 | €200,000 | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Amounts payable within one year42/48 | €225,989 | €240,680 | €210,241 | €139,167 | €135,325 | ▼ 2.8% |
| Trade debts44 | €219,319 | €228,964 | €192,294 | €130,988 | €127,815 | ▼ 2.4% |
| Suppliers440/4 | €219,319 | €228,964 | €192,294 | €130,988 | €127,815 | ▼ 2.4% |
| Taxes, remuneration and social security45 | €6,670 | €11,716 | €17,947 | €8,180 | €7,509 | ▼ 8.2% |
| Taxes450/3 | €5,068 | €7,200 | €10,593 | €6,887 | €6,102 | ▼ 11.4% |
| Remuneration and social security454/9 | €1,602 | €4,516 | €7,354 | €1,293 | €1,407 | ▲ 8.8% |
| Accrued charges and deferred income492/3 | €4,209 | €2,359 | €1,250 | €1,250 | €2,622 | ▲ 110% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€52,542 | -€10,526 | €17,816 | €2,579 | €11,488 | ▲ 346% |
| + Depreciation and write-downs630 | €19,598 | €20,525 | €20,045 | €20,056 | €15,730 | ▼ 21.6% |
| Operating cash flow (approximation) | -€32,945 | €9,999 | €37,860 | €22,635 | €27,219 | ▲ 20.3% |
| Investment in fixed assets (approximation) | - | €0 | €583 | -€416 | €0 | ▲ 100% |
| Change in cash | - | €3,630 | €8,189 | -€52,945 | €45,708 | ▲ 186% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
28-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 26 days late
2023
31-12
Financial
Back to profitnet €17,816
Net result €17,816 after 3 loss-making years.
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Gent · 1 establishment unit since 2019
Ground area
1,657 m²
Building footprint
1,636 m²
Volume, LiDAR
17,200 m³
Parcel 44803C0203/00F000, Flanders · tallest building 16.5 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Chronos Racing
since 20192.284.264.579
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44803C0203/00F000 | Flanders | 1,657 m² | 1 · 1,636 m² | 16.5 m · 4 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteGent2.284.264.579
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Stekene
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 617 companies in sector 56309 we hold annual accounts for 117. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded17-01-2019
Fiscal year end31-12
Abbreviation NL
CRG
Activities, NACEBEL 2025
56309Food and beverage service activities
93299Other amusement and recreation activities
62900Other information technology and computer services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0718798902
Registered
10-06-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.