CHRONUX
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 27-01-2026 PDF all 19 filings
Turnover
≈ €120,000
Estimated: probably between €98,000 and €160,000
Total assets
€188,258▲ 0.2%
2024 · €187,954
Net result
€14,073▼ 45.7%
2024 · €25,895
Working capital
€86,135▼ 45.8%
2024 · €158,785
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€20,784
▼ 45.3%
2025
20192025
Net result
€14,073
▼ 45.7%
2025
middle half of the sector
20192025
Equity
€178,614
▲ 8.6%
2025
highest quarter of the sector
20192025
Total assets
€188,258
▲ 0.2%
2025
middle half of the sector
20192025
Debt
€9,645
▼ 58.8%
2025
20192025
Working capital
€86,135
▼ 45.8%
2025
middle half of the sector
20192025
Solvency
94.9%
▲ 7.3pp
2025
highest quarter of the sector
20192025
Current ratio
9.93
▲ 2.15
2025
highest quarter of the sector
20192025
Return on assets (ROA)
7.5%
▼ 6.3pp
2025
middle half of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€18,861-€3,297▼ 82.5%€26,015▲ 689%€35,899▲ 38.0%€62,350▲ 73.7%€37,979▼ 39.1%€20,784▼ 45.3%
Net result€9,060--€2,395below the sector's middle half€14,939within the sector's middle half€23,419within the sector's middle half▲ 56.8%€38,939within the sector's middle half▲ 66.3%€25,895within the sector's middle half▼ 33.5%€14,073within the sector's middle half▼ 45.7%
Equity€128,686-€126,292within the sector's middle half▼ 1.9%€141,230within the sector's middle half▲ 11.8%€119,176within the sector's middle half▼ 15.6%€147,706within the sector's middle half▲ 23.9%€164,541above the sector's middle half▲ 11.4%€178,614above the sector's middle half▲ 8.6%
Total assets€255,922-€249,066within the sector's middle half▼ 2.7%€246,397within the sector's middle half▼ 1.1%€257,857within the sector's middle half▲ 4.7%€193,290within the sector's middle half▼ 25.0%€187,954within the sector's middle half▼ 2.8%€188,258within the sector's middle half▲ 0.2%
Debt€127,235-€122,774▼ 3.5%€105,167▼ 14.3%€138,681▲ 31.9%€45,584▼ 67.1%€23,413▼ 48.6%€9,645▼ 58.8%
Working capital€95,375-€66,399within the sector's middle half▼ 30.4%€86,772within the sector's middle half▲ 30.7%€86,420within the sector's middle half▼ 0.4%€159,103above the sector's middle half▲ 84.1%€158,785above the sector's middle half▼ 0.2%€86,135within the sector's middle half▼ 45.8%
Solvency50.3%-50.7%within the sector's middle half▲ 0.4pp57.3%within the sector's middle half▲ 6.6pp46.2%within the sector's middle half▼ 11.1pp76.4%within the sector's middle half▲ 30.2pp87.5%above the sector's middle half▲ 11.1pp94.9%above the sector's middle half▲ 7.3pp
Current ratio7.94-2.34within the sector's middle half▼ 5.603.70within the sector's middle half▲ 1.372.37within the sector's middle half▼ 1.336.35above the sector's middle half▲ 3.977.78above the sector's middle half▲ 1.449.93above the sector's middle half▲ 2.15
Return on assets (ROA)3.5%--1.0%below the sector's middle half▼ 4.5pp6.1%within the sector's middle half▲ 7.0pp9.1%within the sector's middle half▲ 3.0pp20.1%within the sector's middle half▲ 11.1pp13.8%within the sector's middle half▼ 6.4pp7.5%within the sector's middle half▼ 6.3pp
above
within
below
The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). 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 45% lower than in 2024 and the lowest since 2020. 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 €188,258
Fixed assets
€92,478 ▲ 16×
Current assets
€95,780 ▼ 47.4%
Equity and liabilities €188,258
Equity
€178,614 ▲ 8.6%
Debt
€9,645 ▼ 58.8%
Debt's share of the balance-sheet total falls from 12.5% to 5.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€25,266▼
2024 · €40,354
Cash flow
€18,554▼
2024 · €28,270
Debt to equity
0.05▼
2024 · 0.14
ROE
7.9%▼
2024 · 15.7%
Interest coverage
16.35▼
2024 · 24.41
Debt ≤ 1 year
€9,645▼
2024 · €23,413
Income taxes
€6,105▼
2024 · €10,738
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Mortgages, amount registered | €100,000 | - | - | - |
| Carrying value of the mortgaged assets | €102,792 | - | - | - |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | €782 | €2,707 | €91,204 |
| Financial fixed assets | - | - | €1,000 | - |
| Depreciation and write-downs of the year | €9,112 | €2,092 | €2,375 | €4,482 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,463 | €17,681 | €17,280 | €9,112 | €2,092 | €2,375 | €4,482 | ▲ 88.7% |
| Other operating charges640/8 | - | - | - | €1,739 | €1,648 | €1,610 | €10,722 | ▲ 566% |
| Gross operating margin9900 | €38,111 | €22,925 | €45,247 | €46,750 | €66,091 | €41,964 | €35,988 | ▼ 14.2% |
| Operating profit (loss)9901 | €18,861 | €3,297 | €26,015 | €35,899 | €62,350 | €37,979 | €20,784 | ▼ 45.3% |
| Financial income75/76B | - | - | - | €1 | - | €307 | €939 | ▲ 206% |
| Recurring financial income75 | €0 | €1 | - | €1 | - | €307 | €939 | ▲ 206% |
| Financial charges65/66B | - | - | - | €3,362 | €3,921 | €1,653 | €1,545 | ▼ 6.5% |
| Recurring financial charges65 | €4,549 | €4,279 | €3,580 | €3,362 | €3,921 | €1,653 | €1,545 | ▼ 6.5% |
| Profit (loss) for the period before taxes9903 | €14,312 | -€982 | €22,435 | €32,538 | €58,430 | €36,633 | €20,178 | ▼ 44.9% |
| Income taxes67/77 | €5,252 | €1,413 | €7,496 | €9,119 | €19,491 | €10,738 | €6,105 | ▼ 43.1% |
| Profit (loss) for the period9904 | €9,060 | -€2,395 | €14,939 | €23,419 | €38,939 | €25,895 | €14,073 | ▼ 45.7% |
| Profit (loss) for the period to be appropriated9905 | €9,060 | -€2,395 | €14,939 | €23,419 | €38,939 | €25,895 | €14,073 | ▼ 45.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €255,922 | €249,066 | €246,397 | €257,857 | €193,290 | €187,954 | €188,258 | ▲ 0.2% |
| Fixed assets21/28 | €146,795 | €132,964 | €127,517 | €108,526 | €4,424 | €5,756 | €92,478 | ▲ 16× |
| Tangible fixed assets22/27 | €146,795 | €132,964 | €127,517 | €108,526 | €4,424 | €4,756 | €91,478 | ▲ 19× |
| Land and buildings22 | - | - | - | €102,792 | - | - | €81,000 | - |
| Plant, machinery and equipment23 | - | - | - | €1,435 | €582 | €2,166 | €4,670 | ▲ 116% |
| Furniture and vehicles24 | - | - | - | €1,293 | €1,506 | €926 | €4,814 | ▲ 420% |
| Other tangible fixed assets26 | - | - | - | €3,006 | €2,335 | €1,665 | €994 | ▼ 40.3% |
| Financial fixed assets28 | - | - | - | - | - | €1,000 | €1,000 | = |
| Current assets29/58 | €109,127 | €116,102 | €118,881 | €149,331 | €188,866 | €182,198 | €95,780 | ▼ 47.4% |
| Amounts receivable within one year40/41 | €24,223 | €24,763 | €33,237 | €12,433 | €23,465 | €18,405 | €18,028 | ▼ 2.0% |
| Trade receivables40 | - | - | - | €12,331 | €23,465 | €15,550 | €13,412 | ▼ 13.8% |
| Other amounts receivable41 | - | - | - | €101 | - | €2,854 | €4,616 | ▲ 61.7% |
| Cash at bank and in hand54/58 | €81,086 | €86,658 | €80,941 | €121,761 | €152,966 | €154,044 | €70,326 | ▼ 54.3% |
| Deferred charges and accrued income490/1 | - | - | - | €15,137 | €12,435 | €9,749 | €7,426 | ▼ 23.8% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €255,922 | €249,066 | €246,397 | €257,857 | €193,290 | €187,954 | €188,258 | ▲ 0.2% |
| Equity10/15 | €128,686 | €126,292 | €141,230 | €119,176 | €147,706 | €164,541 | €178,614 | ▲ 8.6% |
| Contributions10/11 | €6,200 | - | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €107,693 | €107,693 | €122,632 | €100,577 | €129,107 | €145,943 | €160,015 | ▲ 9.6% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | - | €98,717 | €129,107 | €145,943 | €160,015 | ▲ 9.6% |
| Profit (loss) carried forward14 | €14,793 | €12,398 | €12,398 | €12,398 | €12,398 | €12,398 | €12,398 | = |
| Amounts payable17/49 | €127,235 | €122,774 | €105,167 | €138,681 | €45,584 | €23,413 | €9,645 | ▼ 58.8% |
| Amounts payable after more than one year17 | €113,117 | €68,617 | €63,948 | €59,103 | - | - | - | - |
| Financial debts170/4 | - | - | - | €59,103 | - | - | - | - |
| Amounts payable within one year42/48 | €13,752 | €49,703 | €32,108 | €62,911 | €29,763 | €23,413 | €9,645 | ▼ 58.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €4,845 | - | - | - | - |
| Trade debts44 | €843 | €2,215 | €16,750 | €1,265 | €8,460 | €2,808 | €3,005 | ▲ 7.0% |
| Suppliers440/4 | - | - | - | €1,265 | €8,460 | €2,808 | €3,005 | ▲ 7.0% |
| Taxes, remuneration and social security45 | - | - | - | €11,327 | €10,894 | €7,532 | €6,639 | ▼ 11.9% |
| Taxes450/3 | - | - | - | €11,327 | €10,894 | €7,532 | €6,639 | ▼ 11.9% |
| Other amounts payable47/48 | - | - | - | €45,474 | €10,409 | €13,073 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | - | €16,667 | €15,822 | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,060 | -€2,395 | €14,939 | €23,419 | €38,939 | €25,895 | €14,073 | ▼ 45.7% |
| + Depreciation and write-downs630 | €17,463 | €17,681 | €17,280 | €9,112 | €2,092 | €2,375 | €4,482 | ▲ 88.7% |
| Operating cash flow (approximation) | €26,523 | €15,287 | €32,219 | €32,531 | €41,031 | €28,270 | €18,554 | ▼ 34.4% |
| Investment in fixed assets (approximation) | - | -€3,850 | -€11,833 | €9,878 | €102,010 | -€3,707 | -€91,204 | ▼ 2,360% |
| Change in cash | - | €5,572 | -€5,717 | €40,820 | €31,206 | €1,078 | -€83,718 | - |
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, 31,368 companies had the same profile as CHRONUX has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
93.5%
was still going
5.9%
stopped otherwise
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CHRONUX itself: < 0.1% 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 31,368 companies, not a prediction for CHRONUX. 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.
Latest 10 of 19 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 27-01-2026 | 2026-00014180 | |
| 30-06-2024 | micro format | 13-12-2024 | 2024-00615096 | |
| 30-06-2023 | micro format | 30-01-2024 | 2024-00011792 | |
| 30-06-2022 | micro format | 06-12-2022 | 2022-20532298 | |
| 30-06-2021 | micro format | 25-01-2022 | 2022-01600120 | |
| 30-06-2020 | micro format | 29-01-2021 | 2021-02400316 | |
| 30-06-2019 | micro format | 31-01-2020 | 2020-03000577 | |
| 30-06-2018 | micro format | 29-01-2019 | 2019-02500108 | |
| 30-06-2017 | micro format | 29-01-2018 | 2018-02400453 | |
| 30-06-2016 | abbreviated format | 10-01-2017 | 2017-00500410 |