CHTS
ActiveSummary
CHTS has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €206k and a net result of €79k. Equity is growing by ~41.1% per year across the filed fiscal years. Its solvency ranks better than 23% of 2015 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▼-2
Solvency45▼-28
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity short (current ratio 0.81 against 1.9 in 2024; short-term debt: 57.4% and cash: 19.8% of total assets), and 79.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer 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
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
20.1%
Return on assets
7.7%
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 23% of 2015 sector peers (2025).
NBB · sector comparisonPosition among 2015 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 6 filingsDeviation from the deadline
2025
27 d late
2024
1 d early
2023
43 d early
2022
7 d early
2021
26 d late
2020
59 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€206k▼ 52.6%
2024 · €434k
2020: €50klowest in 6 years
2021: €121k▲ +144% vs 2020
2022: €228k▲ +88.4% vs 2021
2023: €355k▲ +55.7% vs 2022
2024: €434k▲ +22.4% vs 2023highest in 6 years
2025: €206k▼ -52.6% vs 2024
2020 → 2025
Total assets
€1.03M▲ 12.5%
2024 · €912k
2020: €84klowest in 6 years
2021: €258k▲ +206% vs 2020
2022: €407k▲ +57.8% vs 2021
2023: €477k▲ +17.2% vs 2022
2024: €912k▲ +91.1% vs 2023
2025: €1.03M▲ +12.5% vs 2024highest in 6 years
2020 → 2025
Net result
€79k▼ 0.3%
2024 · €79k
2020: €45klowest in 6 years
2021: €71k▲ +60.3% vs 2020
2022: €107k▲ +49.8% vs 2021
2023: €127k▲ +18.7% vs 2022highest in 6 years
2024: €79k▼ -37.4% vs 2023
2025: €79k▼ -0.3% vs 2024
2020 → 2025
Working capital
€-114k
2024 · €204k
2020: €50k
2021: €104k▲ +110% vs 2020
2022: €181k▲ +74.7% vs 2021
2023: €320k▲ +76.3% vs 2022highest in 6 years
2024: €204k▼ -36.1% vs 2023
2025: €-114k▼ -156% vs 2024lowest in 6 years
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€121k-€228k▲ 88.4%€355k▲ 55.7%€434k▲ 22.4%€206k▼ 52.6%
2021: €121klowest in 5 years
2022: €228k▲ +88.4% vs 2021
2023: €355k▲ +55.7% vs 2022
2024: €434k▲ +22.4% vs 2023highest in 5 years
2025: €206k▼ -52.6% vs 2024
Operating result€92k-€140k▲ 52.1%€168k▲ 20.4%€115k▼ 31.5%€126k▲ 9.0%
2021: €92klowest in 5 years
2022: €140k▲ +52.1% vs 2021
2023: €168k▲ +20.4% vs 2022highest in 5 years
2024: €115k▼ -31.5% vs 2023
2025: €126k▲ +9.0% vs 2024
Net result€71k-€107k▲ 49.8%€127k▲ 18.7%€79k▼ 37.4%€79k▼ 0.3%
2021: €71klowest in 5 years
2022: €107k▲ +49.8% vs 2021
2023: €127k▲ +18.7% vs 2022highest in 5 years
2024: €79k▼ -37.4% vs 2023
2025: €79k▼ -0.3% vs 2024
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 9% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.03M
Fixed assets
€551k ▲ 14.7%
Current assets
€475k ▲ 10.1%
Equity and liabilities €1.03M
Equity
€206k ▼ 52.6%
Debt
€820k ▲ 71.7%
Debt's share of the balance-sheet total rises from 52.4% to 79.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€198k▲
2024 · €181k
Cash flow
€151k▲
2024 · €145k
Current ratio
0.81▼
2024 · 1.90
Debt to equity
3.99▲
2024 · 1.10
ROE
38.5%▲
2024 · 18.3%
ROA
7.7%▼
2024 · 8.7%
Interest coverage
18.58▼
2024 · 22.90
Debt ≤ 1 year
€589k▲
2024 · €227k
Debt > 1 year
€230k▼
2024 · €250k
Income taxes
€36k▲
2024 · €28k
Staff costs
€422k▲
2024 · €314k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€912k€1.03M▲
Fixed assets21/28€480k€551k▲
Tangible fixed assets22/27€464k€535k▲
Land and buildings22€314k€302k▼
Plant, machinery and equipment23€24k€45k▲
Furniture and vehicles24€126k€188k▲
Financial fixed assets28€16k€16k=
Current assets29/58€432k€475k▲
Amounts receivable within one year40/41€323k€225k▼
Trade receivables40€281k€212k▼
Other amounts receivable41€42k€13k▼
Cash at bank and in hand54/58€61k€203k▲
Deferred charges and accrued income490/1€48k€46k▼
Equity and liabilities
Total equity and liabilities10/49€912k€1.03M▲
Equity10/15€434k€206k▼
Contributions10/11€5k€5k=
Reserves13€122k€201k▲
Tax-exempt reserves132€42k€42k=
Distributable reserves133€79k€159k▲
Profit (loss) carried forward14€308k€0▼
Amounts payable17/49€478k€820k▲
Amounts payable after more than one year17€250k€230k▼
Financial debts170/4€250k€230k▼
Amounts payable within one year42/48€227k€589k▲
Current portion of amounts payable after more than one year42€48k€53k▲
Trade debts44€117k€41k▼
Suppliers440/4€117k€41k▼
Advances received on contracts in progress46-€64k
Taxes, remuneration and social security45€63k€172k▲
Taxes450/3€3k€111k▲
Remuneration and social security454/9€60k€62k▲
Other amounts payable47/48€70€259k▲
Accrued charges and deferred income492/3-€2k
Income statement
Code20242025
Remuneration, social security and pensions62€314k€422k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€66k€72k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-4k€8k▲
Other operating charges640/8€2k€6k▲
Non-recurring operating charges66A€7k€0▼
Gross operating margin9900€501k€634k▲
Operating profit (loss)9901€115k€126k▲
Financial income75/76B€10€2▼
Recurring financial income75€10€2▼
Financial charges65/66B€8k€11k▲
Recurring financial charges65€8k€11k▲
Profit (loss) for the period before taxes9903€107k€115k▲
Income taxes67/77€28k€36k▲
Profit (loss) for the period9904€79k€79k▼
Profit (loss) for the period to be appropriated9905€79k€79k▼
Appropriation of the result
Profit (loss) to be appropriated9906€387k€387k▼
Profit (loss) brought forward from the previous period14P€308k€308k=
Transfer to equity691/2€79k€79k▼
To other reserves6921€79k€79k▼
Profit to be distributed694/7-€308k
Return on contributions (dividend)694-€308k
Social balance
Average headcount (FTE)9087-4.3
The notes to these accounts (24 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €117k | €122k | €134k | €314k | €422k | ▲ 34.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €21k | €19k | €66k | €72k | ▲ 9.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €6k | €1k | €6k | €-4k | €8k | ▲ 334% |
| Other operating charges640/8 | €971 | €1k | €905 | €2k | €6k | ▲ 155% |
| Non-recurring operating charges66A | €2k | - | €5k | €7k | €0 | ▼ 100% |
| Gross operating margin9900 | €225k | €285k | €334k | €501k | €634k | ▲ 26.6% |
| Operating profit (loss)9901 | €92k | €140k | €168k | €115k | €126k | ▲ 9.0% |
| Financial income75/76B | €10 | €60 | €1 | €10 | €2 | ▼ 74.6% |
| Recurring financial income75 | €10 | €60 | €1 | €10 | €2 | ▼ 74.6% |
| Financial charges65/66B | €718 | €2k | €887 | €8k | €11k | ▲ 34.6% |
| Recurring financial charges65 | €718 | €2k | €887 | €8k | €11k | ▲ 34.6% |
| Profit (loss) for the period before taxes9903 | €91k | €138k | €167k | €107k | €115k | ▲ 7.1% |
| Income taxes67/77 | €20k | €31k | €40k | €28k | €36k | ▲ 28.0% |
| Profit (loss) for the period9904 | €71k | €107k | €127k | €79k | €79k | ▼ 0.3% |
| Transfer to tax-exempt reserves689 | - | - | €42k | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €71k | €107k | €85k | €79k | €79k | ▼ 0.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €258k | €407k | €477k | €912k | €1.03M | ▲ 12.5% |
| Fixed assets21/28 | €57k | €96k | €66k | €480k | €551k | ▲ 14.7% |
| Tangible fixed assets22/27 | €57k | €96k | €55k | €464k | €535k | ▲ 15.3% |
| Land and buildings22 | - | - | - | €314k | €302k | ▼ 3.9% |
| Plant, machinery and equipment23 | - | €20k | €17k | €24k | €45k | ▲ 86.7% |
| Furniture and vehicles24 | €57k | €76k | €38k | €126k | €188k | ▲ 49.5% |
| Financial fixed assets28 | - | - | €11k | €16k | €16k | = |
| Current assets29/58 | €201k | €311k | €411k | €432k | €475k | ▲ 10.1% |
| Amounts receivable within one year40/41 | €121k | €117k | €130k | €323k | €225k | ▼ 30.2% |
| Trade receivables40 | €121k | €117k | €130k | €281k | €212k | ▼ 24.3% |
| Other amounts receivable41 | - | - | - | €42k | €13k | ▼ 69.1% |
| Cash at bank and in hand54/58 | €79k | €190k | €279k | €61k | €203k | ▲ 233% |
| Deferred charges and accrued income490/1 | €2k | €5k | €1k | €48k | €46k | ▼ 3.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €258k | €407k | €477k | €912k | €1.03M | ▲ 12.5% |
| Equity10/15 | €121k | €228k | €355k | €434k | €206k | ▼ 52.6% |
| Contributions10/11 | €5k | €5k | €5k | €5k | €5k | = |
| Reserves13 | - | - | €42k | €122k | €201k | ▲ 65.2% |
| Tax-exempt reserves132 | - | - | €42k | €42k | €42k | = |
| Distributable reserves133 | - | - | - | €79k | €159k | ▲ 99.7% |
| Profit (loss) carried forward14 | €116k | €223k | €308k | €308k | €0 | ▼ 100% |
| Amounts payable17/49 | €137k | €179k | €123k | €478k | €820k | ▲ 71.7% |
| Amounts payable after more than one year17 | €40k | €49k | €31k | €250k | €230k | ▼ 8.2% |
| Financial debts170/4 | €40k | €49k | €31k | €250k | €230k | ▼ 8.2% |
| Amounts payable within one year42/48 | €97k | €130k | €91k | €227k | €589k | ▲ 159% |
| Current portion of amounts payable after more than one year42 | €11k | €18k | €18k | €48k | €53k | ▲ 10.6% |
| Trade debts44 | €12k | €28k | €7k | €117k | €41k | ▼ 64.8% |
| Suppliers440/4 | €12k | €28k | €7k | €117k | €41k | ▼ 64.8% |
| Advances received on contracts in progress46 | - | - | - | - | €64k | - |
| Taxes, remuneration and social security45 | €74k | €84k | €66k | €63k | €172k | ▲ 174% |
| Taxes450/3 | €49k | €57k | €36k | €3k | €111k | ▲ 4,088% |
| Remuneration and social security454/9 | €25k | €27k | €29k | €60k | €62k | ▲ 2.5% |
| Other amounts payable47/48 | - | - | €600 | €70 | €259k | ▲ 367,602% |
| Accrued charges and deferred income492/3 | - | - | - | - | €2k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €71k | €107k | €127k | €79k | €79k | ▼ 0.3% |
| + Depreciation and write-downs630 | €6k | €21k | €19k | €66k | €72k | ▲ 9.7% |
| Operating cash flow (approximation) | €78k | €128k | €146k | €145k | €151k | ▲ 4.2% |
| Investment in fixed assets (approximation) | - | €-60k | €10k | €-479k | €-143k | ▲ 70.2% |
| Change in cash | - | €111k | €89k | €-218k | €142k | ▲ 165% |
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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2020net €127k ▲18.7%
Operating result €168k, net result €127k, both a record.
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200kEq €228k ▲88.4%
3 profitable years in a row build equity to €228k.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
31-12
Financial
Equity above €100kEq €121k ▲144%
2 profitable years in a row build equity to €121k.
28-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 59 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Bredene · 1 establishment unit since 2019
Ground area
263 m²
Building footprint
85 m²
Volume, LiDAR
571 m³
Parcel 35002B0256/00W000, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CHTS
since 20192.289.614.229
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35002B0256/00W000 | Flanders | 263 m² | 1 · 85 m² | 9.7 m · 2 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 1,200 EUR awarded| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,200 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 70 companies in sector 71201 we hold annual accounts for 33. 16 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-05-2019
Fiscal year end31-12
Activities, NACEBEL 2025
71201Architectural and engineering activities; technical testing and analysis
71209Other technical testing and analysis
Contact
Website
www.chts.be
E-mail
info@chts.be
Scores and ratios are computed by Checked and are not a credit decision.