Active BE 0477.192.092Private limited company

F. CHOUFFART

Granges(Cle) 15 ·4480 Engis, Belgium· 24 yrs active

Sector: Roofing work (43410)

Conclusion Checked

F. CHOUFFART has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €66k and a net result of €-11k. Equity is growing by ~3.5% per year across the filed fiscal years. Its solvency ranks better than 62% of 36383 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€66k
Net result	€-11k
Better than sector	62%
Active	24 yrs

Financial profile 5 of 5 axes measured · computed by Checked

59 / 100

Mixed profile: strong on stability, weaker on profitability.

All 5 axes are computed from data Checked has read.

Health 60

Profitability 0

Solvency 81

Growth 52

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

1.1% Low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Long-established

Founded in 2002, 24 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2024 · computed

60 / 100 Healthy

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

€4k

estimate, not credit advice

Score history

93 2021

100 2022

60 2023

60 2024

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 1.27 (≥ 1.0) +5

Leverage Debt/equity 0.75 (< 1.0) +10

Profitability Negatieve ROE -17% -10

Interest coverage Interest coverage 13.5× (≥ 3×) +8

Profit trend Net profit down YoY -3

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Financial overview23 NBB filings

Annual accounts filed on 24-06-2025 with the NBB · fiscal year 2024 · micro schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~3.5%/year over 4 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 43, Specialised construction activities · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	57.3%	46.6%	better than 62% of 36383 sector peers
Net result	€-11k	€9k	better than 12% of 36351 sector peers
Equity	€66k	€58k	better than 54% of 36400 sector peers
Gross operating margin	€57k	€38k	better than 61% of 36320 sector peers
Staff costs	€46k	€40k	higher than 54% of 14819 sector peers

EBITDA

€10k

-31.8% 21-24

Net profit

€-11k

-218.0% 21-24

Cash flow

€8k

-36.0% 21-24

Total assets

€115k

-15.3% 21-24

Equity

€66k

-14.5% 21-24

Working capital

€13k

+212.0% 21-24

Employees (FTE)

1

- 21-24

Staff costs

€46k

+8.1% 21-24

Income taxes

€715

-1.7% 21-24

Debt

€49k

-16.3% 21-24

Debt ≤ 1y

€46k

-17.4% 21-24

Current ratio

1.27

+18.6% 21-24

Quick ratio

0.94

+5.2% 21-24

Solvency

57.3%

+0.9% 21-24

Debt / equity

0.75

-2.1% 21-24

ROE

-16.9%

-271.8% 21-24

ROA

-9.7%

-275.2% 21-24

Interest coverage

13.48

-36.6% 21-24

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2024	2023	2022	2021
Deposit	micro schema	micro schema	micro schema	micro schema
Revenue	-	-	-	-
EBITDA	€10k	€14k	€67k	€27k
Net profit	€-11k	€-4k	€40k	€17k
Cash flow	€8k	€13k	€51k	€27k
Staff costs	€46k	€42k	€39k	€35k
Income taxes	€715	€727	€16k	€340
Dividends	-	-	-	-
Total assets	€115k	€136k	€121k	€63k
Equity	€66k	€77k	€80k	€40k
Debt	€49k	€59k	€40k	€23k
of which ≤ 1y	€46k	€56k	€38k	€23k
of which > 1y	-	-	-	-
Working capital	€13k	€4k	€40k	€36k
Employees (FTE)	-	-	-	1.0

Ratios (computed)

	2024	2023	2022	2021
Current ratio	1.27	1.07	2.05	2.60
Quick ratio	0.94	0.89	2.00	2.40
Working capital ratio	11.0%	3.0%	32.7%	57.4%
Solvency	57.3%	56.8%	66.6%	63.7%
Debt / equity	0.75	0.76	0.50	0.57
Long-term debt ratio	-	-	-	-
Interest coverage	13.48	21.25	101.57	40.96
Gross margin	-	-	-	-
Net margin	-	-	-	-
ROA	-9.7%	-2.6%	33.1%	26.9%
ROE	-16.9%	-4.6%	49.7%	42.1%
EBITDA margin	-	-	-	-
Days sales outstanding	-	-	-	-
Days payable outstanding	-	-	-	-
Inventory turnover	-	-	-	-
Days inventory (DSI)	-	-	-	-

Balance-sheet composition 2024

Assets

Fixed assets €56k · 48.7% Current assets €59k · 51.3%

Equity & liabilities

Equity €66k · 57.3% Debt €49k · 42.7%

Full annual accounts (24 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024	2023	2022	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€115k	€136k	€121k	€63k
Fixed assets	21/28	€56k	€75k	€43k	€4k
Tangible fixed assets	22/27	€53k	€72k	€43k	€1k
Financial fixed assets	28	€3k	€3k	€846	€3k
Current assets	29/58	€59k	€60k	€77k	€59k
Stocks & contracts in progress	3	€15k	€10k	€2k	€4k
Amounts receivable within one year	40/41	€24k	€11k	€10k	€9k
Cash & bank	54/58	€16k	€33k	€60k	€37k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€115k	€136k	€121k	€63k
Equity	10/15	€66k	€77k	€80k	€40k
Contributions / capital	10/11	€19k	€19k	€19k	€19k
Reserves	13	€61k	€61k	€61k	€32k
Accumulated profits (losses)	14	€-14k	€-3k	€445	€-10k
Amounts payable	17/49	€49k	€59k	€40k	€23k
Amounts payable within one year	42/48	€46k	€56k	€38k	€23k
Trade debts payable within one year	44	€164	€1k	€2k	€4k
Income statement
Gross operating margin	9900	€57k	€59k	€108k	€64k
Operating result	9901	€-10k	€-3k	€56k	€18k
Financial income	75	€194	€393	€299	€388
Financial charges	65	€710	€660	€658	€665
Result before taxes	9903	€-10k	€-3k	€56k	€17k
Income taxes	67/77	€715	€727	€16k	€340
Net result for the period	9904	€-11k	€-4k	€40k	€17k
Result to be appropriated	9905	€-11k	€-4k	€40k	€17k

Legal Structure

NACE primary	Roofing work(43410)
Legal form	Private limited company(610)
Incorporation	26-03-2002
Status	Active
Postal code	4480

Establishment units 1 location

Granges(Cle) 15, 4480 Engis

NACE 45112

since 20022.131.400.893

Real-estate footprint Source: CBE × cadastre

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
61013C0089/00L000	Wallonia	2,040 m²	1 · 168 m²	7.1 m · 2 fl.

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 11 events

All 13Financial 2Gazette 1Filings 10

2025

24-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Weakest financial yearnet €-11k

Net result drops to €-11k, the lowest in the series.

09-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

06-11

State Gazette act Director changes

Pierre DELMOTTE

27-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Highest result since 2021net €40k ▲135%

Operating result €56k, net result €40k, both a record.

29-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

12-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 12 days late

2020

20-07

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

16-07

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

09-07

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2017

18-07

NBB filing Annual accounts filed

fiscal year 2016 · micro schema

2016

21-06

NBB filing Annual accounts filed

fiscal year 2015 · full schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 2 acts read

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 2 years ago

2023

06-11-2023 Change in the board of directors Director changes·Pierre DELMOTTE

Notary: Pierre DELMOTTE · Liège

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Roofing work4341045220General electrical installation work43211Plumbing work432214531045332Wholesale of electrical equipment, including installation materials46643

Names & trade names

Legal nameFR

F. CHOUFFART

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