du CHAN
ActiveSummary
The computed 12-month bankruptcy probability of du CHAN is 2.1% (moderate). The 2024 annual accounts show equity of €81,176 and a net result of €7,391. Equity is growing by ~42.4% per year across the filed fiscal years. The company has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals.
Financials · fiscal year 2024, full schema
2020 to 2024, 5 fiscal years 2018 to 2024, 7 fiscal years
The operating result falls in 2024; 2024 is 33% below 2023 and is the lowest result in the available series.
What the company sold each fiscal year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.
Peer companies
Historical observationOf the 3,984 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 97% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
For this company itself Checked computes a higher bankruptcy probability: 2.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,471 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 3,984 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,472 | €5,744 | €7,138 | €7,932 | €7,932 | €8,756 | €8,968 | ▲ 2.4% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | -€2,050 | -€2,127 | -€2,198 | -€2,261 | ▼ 2.9% |
| Other operating charges640/8 | - | - | - | €4,591 | €2,420 | €3,526 | €3,134 | ▼ 11.1% |
| Gross operating margin9900 | -€25,152 | -€1,885 | €81,954 | €86,853 | €49,486 | €71,898 | €50,976 | ▼ 29.1% |
| Operating profit (loss)9901 | -€32,269 | -€7,845 | €72,110 | €76,379 | €41,262 | €61,813 | €41,134 | ▼ 33.5% |
| Financial income75/76B | - | - | - | €1 | €11 | €0 | - | - |
| Recurring financial income75 | €81 | €27 | €448 | €1 | €11 | €0 | - | - |
| Financial charges65/66B | - | - | - | €24,302 | €26,089 | €28,167 | €28,678 | ▲ 1.8% |
| Recurring financial charges65 | €24,124 | €23,080 | €23,168 | €24,302 | €26,089 | €28,167 | €28,678 | ▲ 1.8% |
| Profit (loss) for the period before taxes9903 | -€56,312 | -€30,898 | €49,390 | €52,079 | €15,184 | €33,646 | €12,456 | ▼ 63.0% |
| Income taxes67/77 | €22,870 | -€9,796 | -€13,478 | - | - | €3,000 | €5,064 | ▲ 68.8% |
| Profit (loss) for the period9904 | -€79,182 | -€21,102 | €62,868 | €52,079 | €15,184 | €30,646 | €7,391 | ▼ 75.9% |
| Profit (loss) for the period to be appropriated9905 | -€79,182 | -€21,102 | €62,868 | €52,079 | €15,184 | €30,646 | €7,391 | ▼ 75.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €134,401 | €126,488 | €222,917 | €208,028 | €219,645 | €261,529 | €276,848 | ▲ 5.9% |
| Fixed assets21/28 | €86,037 | €86,653 | €89,488 | €81,556 | €73,624 | €87,764 | €85,216 | ▼ 2.9% |
| Tangible fixed assets22/27 | €85,836 | €86,452 | €89,287 | €81,355 | €73,423 | €87,563 | €85,015 | ▼ 2.9% |
| Land and buildings22 | - | - | - | €80,397 | €72,949 | €87,563 | €79,098 | ▼ 9.7% |
| Furniture and vehicles24 | - | - | - | €958 | €474 | - | €5,917 | - |
| Financial fixed assets28 | €201 | €201 | €201 | €201 | €201 | €201 | €201 | = |
| Current assets29/58 | €48,364 | €39,835 | €133,429 | €126,472 | €146,021 | €173,765 | €191,632 | ▲ 10.3% |
| Stocks and contracts in progress3 | €1 | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €1,962 | - | €35,207 | €19,901 | €9,446 | €8,276 | €9,066 | ▲ 9.5% |
| Trade receivables40 | - | - | - | €19,901 | €9,446 | €8,276 | €9,066 | ▲ 9.5% |
| Current investments50/53 | €19,181 | €19,181 | €19,181 | €19,181 | €19,181 | €19,181 | €19,181 | = |
| Cash at bank and in hand54/58 | €27,220 | €10,542 | €78,707 | €86,423 | €115,753 | €142,243 | €162,418 | ▲ 14.2% |
| Deferred charges and accrued income490/1 | - | - | - | €968 | €1,641 | €4,065 | €968 | ▼ 76.2% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €134,401 | €126,488 | €222,917 | €208,028 | €219,645 | €261,529 | €276,848 | ▲ 5.9% |
| Equity10/15 | -€65,891 | -€86,993 | -€24,125 | €27,954 | €43,139 | €73,785 | €81,176 | ▲ 10.0% |
| Contributions10/11 | €25,000 | €25,000 | - | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Reserves13 | €2,479 | €2,479 | €2,479 | €2,479 | €2,479 | €32,479 | €39,479 | ▲ 21.6% |
| Non-distributable reserves130/1 | - | - | - | €2,479 | €2,479 | €2,479 | €2,479 | = |
| Reserves not available under the articles1311 | - | - | - | €2,479 | €2,479 | €2,479 | €2,479 | = |
| Distributable reserves133 | - | - | - | - | - | €30,000 | €37,000 | ▲ 23.3% |
| Profit (loss) carried forward14 | -€93,370 | -€114,472 | -€51,604 | €475 | €15,660 | €16,306 | €16,697 | ▲ 2.4% |
| Provisions and deferred taxes16 | €119,695 | €117,765 | €115,779 | €113,729 | €111,601 | €109,404 | €107,143 | ▼ 2.1% |
| Provisions for liabilities and charges160/5 | - | - | - | €113,729 | €111,601 | €109,404 | €107,143 | ▼ 2.1% |
| Pensions and similar obligations160 | - | - | - | €113,729 | €111,601 | €109,404 | €107,143 | ▼ 2.1% |
| Amounts payable17/49 | €80,597 | €95,716 | €131,263 | €66,346 | €64,905 | €78,340 | €88,529 | ▲ 13.0% |
| Amounts payable after more than one year17 | - | - | €5,000 | €5,000 | - | - | - | - |
| Other amounts payable178/9 | - | - | - | €5,000 | - | - | - | - |
| Amounts payable within one year42/48 | €63,197 | €94,423 | €107,470 | €55,196 | €56,255 | €67,190 | €79,029 | ▲ 17.6% |
| Trade debts44 | €215 | €32,151 | €16,754 | €13,174 | €8,277 | €10,478 | €14,692 | ▲ 40.2% |
| Suppliers440/4 | - | - | - | €13,174 | €8,277 | €10,478 | €14,692 | ▲ 40.2% |
| Taxes, remuneration and social security45 | - | - | - | - | - | €3,177 | €8,242 | ▲ 159% |
| Taxes450/3 | - | - | - | - | - | €3,177 | €8,242 | ▲ 159% |
| Other amounts payable47/48 | - | - | - | €42,022 | €47,978 | €53,535 | €56,095 | ▲ 4.8% |
| Accrued charges and deferred income492/3 | - | - | - | €6,150 | €8,650 | €11,150 | €9,500 | ▼ 14.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€79,182 | -€21,102 | €62,868 | €52,079 | €15,184 | €30,646 | €7,391 | ▼ 75.9% |
| + Depreciation and write-downs630 | €4,472 | €5,744 | €7,138 | €7,932 | €7,932 | €8,756 | €8,968 | ▲ 2.4% |
| Operating cash flow (approximation) | -€74,710 | -€15,358 | €70,006 | €60,011 | €23,117 | €39,402 | €16,360 | ▼ 58.5% |
| Investment in fixed assets (approximation) | - | -€6,360 | -€9,973 | -€0 | €0 | -€22,896 | -€6,420 | ▲ 72.0% |
| Change in cash | - | -€16,678 | €68,165 | €7,716 | €29,331 | €26,489 | €20,175 | ▼ 23.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.