New chapter
ActiveSummary
New chapter has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.2m and a net result of €752,151. Equity is growing by about 11% per year across the filed financial years. The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €3.2m
- Profit
- €752,151
- Holdings
- 4
Why 97raises riskFounded in 2021lowers riskSize: total assets €3.2mFigures for financial year 2025 (filed 06-05-2026)Equity €3.2m (99.0% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, small): better than 82% on solvency, 87% on liquidity, 53% on profitability and 88% on growth.
The bankruptcy probability was computed on 28-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 6 accounts on average 73 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Back to profitnet €752,151
- Liquidity more than 7 timescurrent ratio 65.39
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2021 to 2025, 6 financial years
The operating result stays negative: a loss of €28,118 in 2025 against €30,766 in 2024; the loss shrinks.
What the company sold each financial 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.
Use the arrow keys on the chart for the figures per year.
- 2022 Net result -3,533% on 2021. The previous financial year ran 1 months, this one 12.
Peer companies
Historical observationOf the 3,127 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 97.2% are still going.
- Small
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 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% | 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 3,127 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 | 2021 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €2,612 | €42,085 | €1,995 | €2,061 | €1,540 | ▼ 25.3% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | -€250 | - | - | - | - | - |
| Other operating charges640/8 | - | €348 | €650 | €1,459 | €968 | €1,368 | ▲ 41.4% |
| Gross operating margin9900 | - | -€3,360 | €9,575 | -€32,680 | -€27,737 | -€25,210 | ▲ 9.1% |
| Operating profit (loss)9901 | - | -€6,069 | -€33,160 | -€36,134 | -€30,766 | -€28,118 | ▲ 8.6% |
| Financial income75/76B | - | €11,643 | €216,292 | €187,491 | €108,145 | €825,150 | ▲ 663% |
| Recurring financial income75 | - | €11,643 | €216,292 | €187,491 | €108,145 | €825,150 | ▲ 663% |
| Financial charges65/66B | - | €17,800 | €615,996 | -€36,267 | €88,668 | €40,863 | ▼ 53.9% |
| Recurring financial charges65 | - | €17,800 | €615,996 | -€36,267 | €88,668 | €40,863 | ▼ 53.9% |
| Profit (loss) for the period before taxes9903 | - | -€12,226 | -€432,864 | €187,625 | -€11,289 | €756,169 | - |
| Income taxes67/77 | - | €800 | €40,443 | €25,314 | €18,661 | €4,018 | ▼ 78.5% |
| Profit (loss) for the period9904 | - | -€13,026 | -€473,308 | €162,311 | -€29,950 | €752,151 | - |
| Profit (loss) for the period to be appropriated9905 | - | -€13,026 | -€473,308 | €162,311 | -€29,950 | €752,151 | - |
| Line | 2021 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €16.7m | €16.6m | €4.4m | €2.8m | €2.6m | €3.2m | ▲ 22.1% |
| Formation expenses20 | €0.03m | €0.04m | - | - | - | - | - |
| Fixed assets21/28 | €12.9m | €12.9m | €0.4m | €0.4m | €0.9m | €1.1m | ▲ 23.3% |
| Intangible fixed assets21 | €0.01m | €0.01m | - | - | - | - | - |
| Tangible fixed assets22/27 | €0.004m | €0.004m | €0.003m | €0.004m | €0.002m | €67 | ▼ 95.8% |
| Furniture and vehicles24 | €0.004m | €0.004m | €0.003m | €0.004m | €0.002m | €67 | ▼ 95.8% |
| Financial fixed assets28 | €12.9m | €12.9m | €0.4m | €0.4m | €0.9m | €1.1m | ▲ 23.5% |
| Affiliated companies280/1 | €10.1m | - | - | - | - | - | - |
| Amounts receivable281 | €0.7m | - | - | - | - | - | - |
| Other financial fixed assets284/8 | €2.8m | - | - | - | - | - | - |
| Amounts receivable and cash guarantees285/8 | €2.8m | - | - | - | - | - | - |
| Current assets29/58 | €3.8m | €3.7m | €4.0m | €2.4m | €1.7m | €2.1m | ▲ 21.5% |
| Amounts receivable within one year40/41 | €0.02m | €0.02m | - | €0.003m | €0.001m | €0.006m | ▲ 355% |
| Trade receivables40 | €0.02m | - | - | €0.001m | - | - | - |
| Other amounts receivable41 | - | €0.02m | - | €0.001m | €0.001m | €0.006m | ▲ 355% |
| Current investments50/53 | €2.7m | €2.6m | €2.1m | €0.7m | €1.2m | €1.7m | ▲ 36.8% |
| Other investments51/53 | €2.7m | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €1.2m | €1.1m | €1.9m | €1.7m | €0.5m | €0.4m | ▼ 17.3% |
| Deferred charges and accrued income490/1 | - | - | - | - | €267 | - | - |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €16.7m | €16.6m | €4.4m | €2.8m | €2.6m | €3.2m | ▲ 22.1% |
| Equity10/15 | €14.5m | €14.5m | €1.9m | €2.0m | €2.4m | €3.2m | ▲ 30.9% |
| Contributions10/11 | €13.4m | €13.4m | €2.2m | €2.2m | €2.6m | €2.6m | = |
| Other1109/19 | €13.4m | - | - | - | - | - | - |
| Reserves13 | €0.05m | €0.05m | €0.009m | €0.009m | €0.009m | €0.009m | = |
| Non-distributable reserves130/1 | €0.02m | €0.02m | €0.003m | €0.003m | €0.003m | €0.003m | = |
| Reserves not available under the articles1311 | €0.02m | €0.02m | €0.003m | €0.003m | €0.003m | €0.003m | = |
| Distributable reserves133 | €0.04m | €0.04m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Profit (loss) carried forward14 | €1.1m | €1.1m | -€0.3m | -€0.1m | -€0.2m | €0.6m | - |
| Provisions and deferred taxes16 | €250 | - | - | - | - | - | - |
| Other liabilities and charges164/5 | €250 | - | - | - | - | - | - |
| Amounts payable17/49 | €2.2m | €2.1m | €2.5m | €0.8m | €0.2m | €0.03m | ▼ 84.0% |
| Amounts payable within one year42/48 | €0.6m | €2.1m | €2.5m | €0.8m | €0.2m | €0.03m | ▼ 84.0% |
| Financial debts43 | - | €0.6m | €0.6m | - | - | - | - |
| Credit institutions430/8 | €0.6m | €0.6m | €0.6m | - | - | - | - |
| Trade debts44 | €0.004m | €0.01m | - | €0.002m | - | €0.002m | - |
| Suppliers440/4 | €0.004m | €0.01m | - | €0.002m | - | €0.002m | - |
| Taxes, remuneration and social security45 | - | €0.001m | €0.04m | - | €0.009m | - | - |
| Taxes450/3 | - | €0.001m | €0.04m | - | €0.009m | - | - |
| Other amounts payable47/48 | €1.6m | €1.5m | €1.9m | €0.7m | €0.2m | €0.03m | ▼ 84.4% |
| Accrued charges and deferred income492/3 | €0.002m | - | - | - | - | - | - |
| Line | 2021 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | - | -€0.01m | -€0.5m | €0.2m | -€0.03m | €0.8m | - |
| + Depreciation and write-downs630 | - | €0.003m | €0.04m | €0.002m | €0.002m | €0.002m | ▼ 25.3% |
| Operating cash flow (approximation) | - | -€0.01m | -€0.4m | €0.2m | -€0.03m | €0.8m | - |
| Investment in fixed assets (approximation) | - | - | €12.5m | -€0.04m | -€0.5m | -€0.2m | ▲ 56.6% |
| Change in cash | - | - | €0.8m | -€0.2m | -€1.2m | -€0.09m | ▲ 92.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 30-04-2026 | 2026-00102854 |
| 31-12-2024 | micro format | 12-06-2025 | 2025-00139451 |
| 31-12-2023 | micro format | 18-06-2024 | 2024-00142705 |
| 31-12-2022 | micro format | 01-06-2023 | 2023-00109920 |
| 31-12-2021 | micro format | 07-07-2022 | 2022-20176193 |
| 09-12-2021 | unclassified schema | 19-01-2022 | 2022-01400113 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Statutory auditor 1
Mandate history
- Statutory auditor
| Name | Functions and periods |
|---|---|
| AELVOET, SAMAN & PARTNERS |
|
Owners and capital
Capital and shareholders
- 03-03-2025 Capital stated in the deed · €2,167,602 · 2,000 shares
- 31-10-2024 Capital increase of €428,269.23 · to €2,595,871.05 · 1,000 new shares · in kind
Group and network
Holdings and subsidiaries
4 holdings · 6 subsidiaries in the treeHoldings 4
-
99%
-
99%
-
68%
- Sourceact 03-03-202550%
All subsidiaries, including indirect ones 6
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
- SCI DIDOUFR 99%
- SCI NINIFR 99%
KEYTEO GROUP 68%3 subsidiaries
- KEYTEO LUXEMBOURG SARLLU 85%
- KEYTEO 80%
- KEYTEO SACH 70%
According to the 2022 annual accounts of New chapter and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
No directors read yet: 3 of 5 Gazette acts processed.
History
Acts, filings and financial milestones
03-03
Gazette deed
Amendment of the articles · Legal-form changePower of attorney · Capital28 facts ▸
- Other provision, “forme légale, dénomination, siège et enregistrement avant transformation, Banque-Carrefour des Entreprises” (deed in French)
- Other provision, “forme légale, dénomination, objet et siège après transformation, conservera sa dénomination actuelle” (deed in French)
- Other provision, “Me François Marcelis” (deed in French)
- Other provision, “greffe tribunal de l'entreprise du siège conformément articles 2:8 et 2:14, 1° CSA en intégralité, statuts après transformation et dépôt calendrier indicatif” (deed in French)
- General meeting, “acte authentique dressé par le Notaire, Transformation Transfrontalière devant Notaire” (deed in French)
- Other provision, “courrier ordinaire ou e-mail article 14:26, al. 3, certificat préalable à la transformation” (deed in French)
- Other provision, “art.14:26,al.1,3 CSA, certificat préalable transformation transfrontalière” (deed in French)
- Other provision, “immatriculation Luxembourg et radiation Belgique, enregistrement Luxembourg et radiation Belgique” (deed in French)
- Other provision, “droits après transformation pour droits spéciaux et titres autres qu'actions, aucun émis” (deed in French)
- Other provision, “garanties aux créanciers après transformation, art.14:19 CSA” (deed in French)
- Other provision, “avantages particuliers experts et administration, aucun” (deed in French)
- Other provision, “mesures incitation ou subventions, aucune” (deed in French)
- +16 further facts in this act
31-10
Gazette deed
Appointment: AELVOET, SAMAN & PARTNERS (statutory auditor)Auditor report · Approval · Capital increase12 facts ▸
- General meeting, 21-10-2024
- Auditor appointment, AELVOET, SAMAN & PARTNERS
- Auditor report, “aucune constatation significative à signaler, modes d’évaluation conduisent à la valeur de l’apport et cette dernière correspond au moins à la valeur de l’appor…” (deed in French)
- Other provision, “apport en nature présenté aux actionnaires, limitation d’utilisation du rapport” (deed in French)
- Other provision, “rapport spécial de l’organe d’administration, ne diffèrent pas de celles du réviseur d’entreprises” (deed in French)
- Approval, “approuve lesdits rapports, assemblée” (deed in French)
- Capital increase, €428,269.23
- Capital contribution, €428,269.23
- Share issue, 1000, “1.001 à 2.000” (deed in French)
- Capital, €2,595,871.05
- Amendment of the articles, “Article 5,alinéa 1er” (deed in French)
- Other provision, “Titre C. Pouvoirs d'exécution, pouvoirs d’exécution” (deed in French)
Show earlier events
14-10
Gazette deed
Capital & shares · MiscellaneousDemerger · Shareholding · Share issue10 facts ▸
- General meeting, 29-06-2022
- Other provision, “PREMIERE RESOLUTION - Projet et rapports de scission partielle, contenu omis” (deed in French)
- Demerger, “Patrimoine Scindé, actifs et passifs énumérés de manière exhaustive dans le projet de scission” (deed in French)
- Shareholding, AIT-SI-SELMI Adi (2 times)
- Share issue, “nominatives”, 1000 (deed in French)
- Accounting effect, 01-01-2022
- Other provision, “membres des organes d'administration des sociétés participant, avantages particuliers aux administrateurs” (deed in French)
- Capital decrease, €12,156,867.96
- Power of attorney
- Other provision, “clôture” (deed in French)
About the unread acts
Of the 5 Belgian Official Gazette deeds we know for this company, 3 have been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Legal Entity Identifier
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21614H0032/00A016 | Brussels | 1,512 m² | 1 · 232 m² | 13.5 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “La Société a pour objet toutes les opérations se rapportant directement ou indirectement à la prise de participations, sous quelque forme…” (deed in French)
7 activities (deed in French)
- La Société a pour objet toutes les opérations se rapportant directement ou indirectement à la prise de participations, sous quelque forme que ce soit, dans toute entreprise, ainsi que l'administration, la gestion, le contrôle et le développement de ces participations.
- Elle pourra également prester des services administratifs et commerciaux auprès de ses filiales.
- La Société a pour objet la création, la gestion, le développement, la mise en valeur et la liquidation p'un portefeuille de droit de propriété intellectuelle se composant de toute origine, de tous brevets, marques, logiciels, sources informatiques, dessins, modèles...
- La Société a également pour objet l'acquisition, la mise en valeur, la location, la cession de tous biens immobiliers, nus ou meublés, situés en Belgique ou à l'étranger.
- Elle pourra emprunter avec ou sans garantie, hypothéquer ou gager ses biens, ou se porter caution personnelle et/ou réelle, au profit d'autres entreprises, sociétés ou tiers, sous réserve des dispositions légales afférentes.
- La Société exercera son activité tant en Belgique qu'à l'étranger.
- D'une façon générale, la Société pourra réaliser toutes activités et opérations commerciales, industrielles, financières, mobilières, immobilières ou autres se rattachant directement ou indirectement à son objet ou qui sont de nature à en faciliter ou favoriser la réalisation.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Luxembourg-Ville, succursales,filiales,bureaux Grand-Duché et étranger” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Article 12. La Société sera engagée par la signature de son gérant, et en cas de pluralité de gérants, par la signature conjointe de deux…”
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Acte notarié ou sous seing privé, pas emprunt voie publique obligations ni émission publique parts” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Tuesday of May
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Justes motifs, assemblée générale formes modifications statuts” (deed in French)1 more provision on this in the deed
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed