LA CHUNGA
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 30-06-2026 at the NBB all 19 filings
Turnover
≈ €120,000
Estimated: probably between €74,000 and €220,000
Total assets
€485,677▼ 6.0%
2024 · €516,829
Net result
€8,562▲ 1.5%
2024 · €8,432
Working capital
-€265,549▲ 5.0%
2024 · -€279,587
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€13,819
▲ 42.3%
2025
20182025
Net result
€8,562
▲ 1.5%
2025
20182025
Equity
€171,128
▲ 5.3%
2025
20182025
Total assets
€485,677
▼ 6.0%
2025
20182025
Debt
€266,289
▼ 12.4%
2025
20182025
Working capital
-€265,549
▲ 5.0%
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€15,863-€154,585▲ 875%-€25,923-€15,843▲ 38.9%-€319▲ 98.0%€216€9,712▲ 45×€13,819▲ 42.3%
Net result€4,905-€110,982▲ 23×-€17,073-€18,344▼ 7.4%-€1,390▲ 92.4%-€616▲ 55.7%€8,432€8,562▲ 1.5%
Equity€80,574-€191,556▲ 138%€177,118▼ 7.5%€156,139▼ 11.8%€154,749▼ 0.9%€154,133▼ 0.4%€162,566▲ 5.5%€171,128▲ 5.3%
Total assets€384,093-€377,124▼ 1.8%€715,084▲ 89.6%€663,314▼ 7.2%€624,182▼ 5.9%€546,138▼ 12.5%€516,829▼ 5.4%€485,677▼ 6.0%
Debt€270,674-€110,765▼ 59.1%€481,904▲ 335%€450,566▼ 6.5%€414,911▼ 7.9%€339,570▼ 18.2%€303,916▼ 10.5%€266,289▼ 12.4%
Working capital-€114,389--€14,687▲ 87.2%-€250,518▼ 1,606%-€268,830▼ 7.3%-€275,009▼ 2.3%-€281,335▼ 2.3%-€279,587▲ 0.6%-€265,549▲ 5.0%
The operating result for 2025 is 42% higher than in 2024 and the highest since 2019. It is the fifth rise in a row, after the fall in 2020.
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 €485,677
Fixed assets
€484,937 ▼ 2.8%
Current assets
€741 ▼ 95.9%
Equity and liabilities €485,677
Equity
€171,128 ▲ 5.3%
Provisions
€48,260 ▼ 4.1%
Debt
€266,289 ▼ 12.4%
Debt's share of the balance-sheet total falls from 58.8% to 54.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€27,801▲
2024 · €23,695
Cash flow
€22,545▲
2024 · €22,415
Current ratio
0.00▼
2024 · 0.06
Debt to equity
1.56▼
2024 · 1.87
ROE
5.0%▼
2024 · 5.2%
ROA
1.8%▲
2024 · 1.6%
Interest coverage
27.34▲
2024 · 11.85
Debt ≤ 1 year
€266,289▼
2024 · €297,497
Debt > 1 year
€0▼
2024 · €6,419
Income taxes
€6,380▲
2024 · €1,438
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Financial fixed assets | - | - | - | - | €0 |
| Depreciation and write-downs of the year | €17,930 | €13,982 | €13,982 | €13,982 | €13,982 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,798 | €46,343 | €31,571 | €17,930 | €13,982 | €13,982 | €13,982 | €13,982 | = |
| Other operating charges640/8 | - | - | - | €2,345 | €3,347 | €4,031 | €3,583 | €2,879 | ▼ 19.6% |
| Gross operating margin9900 | €26,728 | €391,395 | €8,811 | €4,432 | €17,011 | €18,229 | €27,278 | €30,680 | ▲ 12.5% |
| Operating profit (loss)9901 | €15,863 | €154,585 | -€25,923 | -€15,843 | -€319 | €216 | €9,712 | €13,819 | ▲ 42.3% |
| Financial income75/76B | - | - | - | - | €615 | €0 | €70 | €54 | ▼ 23.9% |
| Recurring financial income75 | €846 | €4,264 | €0 | - | €615 | €0 | €70 | €54 | ▼ 23.9% |
| Financial charges65/66B | - | - | - | €4,588 | €3,773 | €2,919 | €2,000 | €1,017 | ▼ 49.1% |
| Recurring financial charges65 | €13,113 | €5,909 | €2,758 | €4,588 | €3,773 | €2,919 | €2,000 | €1,017 | ▼ 49.1% |
| Profit (loss) for the period before taxes9903 | €3,596 | €152,941 | -€28,681 | -€20,432 | -€3,477 | -€2,703 | €7,783 | €12,855 | ▲ 65.2% |
| Transfer from deferred taxes780 | - | - | - | €2,087 | €2,087 | €2,087 | €2,087 | €2,087 | = |
| Income taxes67/77 | - | - | €4,499 | €0 | - | - | €1,438 | €6,380 | ▲ 344% |
| Profit (loss) for the period9904 | €4,905 | €110,982 | -€17,073 | -€18,344 | -€1,390 | -€616 | €8,432 | €8,562 | ▲ 1.5% |
| Transfer from tax-exempt reserves789 | - | - | - | €5,110 | €5,110 | €5,110 | €5,110 | €5,110 | = |
| Profit (loss) for the period to be appropriated9905 | €7,445 | -€3,344 | €21,273 | -€13,234 | €3,721 | €4,495 | €13,543 | €13,672 | ▲ 1.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €384,093 | €377,124 | €715,084 | €663,314 | €624,182 | €546,138 | €516,829 | €485,677 | ▼ 6.0% |
| Fixed assets21/28 | €383,071 | €371,127 | €558,797 | €540,866 | €526,884 | €512,901 | €498,919 | €484,937 | ▼ 2.8% |
| Tangible fixed assets22/27 | €383,071 | €371,127 | €558,797 | €540,866 | €526,884 | €512,901 | €498,919 | €484,937 | ▼ 2.8% |
| Land and buildings22 | - | - | - | €540,866 | €526,884 | €512,901 | €498,919 | €484,937 | ▼ 2.8% |
| Current assets29/58 | €1,022 | €5,997 | €156,287 | €122,448 | €97,298 | €33,237 | €17,910 | €741 | ▼ 95.9% |
| Amounts receivable after more than one year29 | - | - | - | - | €24,600 | €0 | - | - | - |
| Trade receivables290 | - | - | - | - | €24,600 | €0 | - | - | - |
| Amounts receivable within one year40/41 | - | €0 | - | €884 | €0 | - | - | - | - |
| Trade receivables40 | - | - | - | €884 | €0 | - | - | - | - |
| Cash at bank and in hand54/58 | - | €5,458 | €155,985 | €121,251 | €72,698 | €33,237 | €17,910 | €340 | ▼ 98.1% |
| Deferred charges and accrued income490/1 | - | - | - | €312 | €0 | - | - | €401 | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €384,093 | €377,124 | €715,084 | €663,314 | €624,182 | €546,138 | €516,829 | €485,677 | ▼ 6.0% |
| Equity10/15 | €80,574 | €191,556 | €177,118 | €156,139 | €154,749 | €154,133 | €162,566 | €171,128 | ▲ 5.3% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €65,617 | €179,943 | €165,505 | €157,759 | €152,649 | €147,539 | €142,428 | €150,991 | ▲ 6.0% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €0 | - | - |
| Tax-exempt reserves132 | - | - | - | €134,627 | €129,517 | €124,406 | €119,296 | €114,186 | ▼ 4.3% |
| Distributable reserves133 | - | - | - | €21,273 | €21,273 | €21,273 | €23,133 | €36,805 | ▲ 59.1% |
| Profit (loss) carried forward14 | -€3,642 | -€6,987 | -€6,987 | -€20,221 | -€16,500 | -€12,005 | €1,537 | €1,537 | = |
| Provisions and deferred taxes16 | €32,844 | €74,804 | €56,062 | €56,609 | €54,522 | €52,435 | €50,347 | €48,260 | ▼ 4.1% |
| Deferred taxes168 | - | - | - | €56,609 | €54,522 | €52,435 | €50,347 | €48,260 | ▼ 4.1% |
| Amounts payable17/49 | €270,674 | €110,765 | €481,904 | €450,566 | €414,911 | €339,570 | €303,916 | €266,289 | ▼ 12.4% |
| Amounts payable after more than one year17 | €151,543 | €90,081 | €75,099 | €59,288 | €42,604 | €24,998 | €6,419 | €0 | ▼ 100% |
| Financial debts170/4 | - | - | - | €59,288 | €42,604 | €24,998 | €6,419 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €115,411 | €20,684 | €406,805 | €391,277 | €372,307 | €314,572 | €297,497 | €266,289 | ▼ 10.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €15,810 | €16,684 | €17,606 | €18,579 | €6,419 | ▼ 65.5% |
| Trade debts44 | €11,413 | €1,311 | €3,484 | €0 | €601 | €0 | €683 | €1,111 | ▲ 62.7% |
| Suppliers440/4 | - | - | - | €0 | €601 | €0 | €683 | €1,111 | ▲ 62.7% |
| Taxes, remuneration and social security45 | - | - | - | €4,499 | €4,499 | €0 | €1,438 | €6,380 | ▲ 344% |
| Taxes450/3 | - | - | - | €4,499 | €4,499 | €0 | €1,438 | €6,380 | ▲ 344% |
| Other amounts payable47/48 | - | - | - | €370,969 | €350,523 | €296,966 | €276,797 | €252,380 | ▼ 8.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,905 | €110,982 | -€17,073 | -€18,344 | -€1,390 | -€616 | €8,432 | €8,562 | ▲ 1.5% |
| + Depreciation and write-downs630 | €6,798 | €46,343 | €31,571 | €17,930 | €13,982 | €13,982 | €13,982 | €13,982 | = |
| Operating cash flow (approximation) | €11,702 | €157,325 | €14,498 | -€414 | €12,593 | €13,367 | €22,415 | €22,545 | ▲ 0.6% |
| Investment in fixed assets (approximation) | - | -€34,399 | -€219,241 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | - | €150,527 | -€34,734 | -€48,553 | -€39,461 | -€15,327 | -€17,570 | ▼ 14.6% |
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, 14,766 companies had the same profile as LA CHUNGA has now. Two years later, 96.2% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
96.2%
was still going
3.5%
stopped otherwise
0.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LA CHUNGA itself: 0.3% 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 14,766 companies, not a prediction for LA CHUNGA. 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 |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-06-2026 | 2026-00243216 | |
| 31-12-2024 | micro format | 21-08-2025 | 2025-00389609 | |
| 31-12-2023 | micro format | 26-08-2024 | 2024-00377131 | |
| 31-12-2022 | micro format | 28-08-2023 | 2023-00372043 | |
| 31-12-2021 | micro format | 26-07-2022 | 2022-20223837 | |
| 31-12-2020 | micro format | 25-08-2021 | 2021-53300224 | |
| 31-12-2019 | micro format | 06-10-2020 | 2020-59100469 | |
| 31-12-2018 | micro format | 29-08-2019 | 2019-56600436 | |
| 31-12-2017 | micro format | 30-08-2018 | 2018-58300527 | |
| 31-12-2016 | micro format | 29-08-2017 | 2017-53300359 |