New Chapter
ActiveSummary
The computed 12-month bankruptcy probability of New Chapter is 2.7% (moderate). The 2025 annual accounts show equity of €22,802 and a net result of €1,113. Equity has been growing by about 31% per year since 2023. Its solvency ranks better than 22% of 1,308 sector peers (NACE 95, financial year 2025). The company has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 14-12-2022 Normal situation
- Activity
- General maintenance and repair of cars and light vans (up to 3.5 tonnes) NACE 95311and 3 others
- Establishment unit
- 2.339.744.819 9900 Eeklo, since 14-12-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 02-09-2023
Financial position
- Bankruptcy probabilitywithin 12 months
- 2.7%
- Gross margin
- €31,824
- ▲ 9.5%
- Turnover
- ≈ €120,000
- estimated
- Profit
- €1,113
- ▼ 91.1%
- Equity
- €22,802
- ▲ 5.1%
- Total assets
- €138,335
- ▲ 101%
- 2025 accounts filed 27 days after the deadline
Score breakdownraises riskFounded in 20221 change of registered office in 24 monthsSize: total assets €138,335lowers riskFigures for financial year 2025 (filed on 27-08-2026)Show the evidence
Checked score
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 (NACE 95, micro). It does better than 28% of them on solvency, 33% on liquidity, 36% on profitability and 45% on growth.
The bankruptcy probability was computed on 03-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 3 accounts on average 15 days before the deadline. In the sector (NACE 95), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
2025 annual accounts filed 27 days after the deadline Filed on 27 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00432705.
Annual accounts 2025 filed on 27-08-2026 at the NBB all 3 filings
Every figure per financial year
The operating result for 2025 is 73% lower than in 2024 and the lowest since 2023.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €44,799 | - | €63,379 |
| Intangible fixed assets | €7,892 | - | €7,715 |
| Depreciation and write-downs of the year | €1,483 | €9,711 | €12,346 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,483 | €9,711 | €12,346 | ▲ 27.1% |
| Other operating charges640/8 | - | €910 | €14,535 | ▲ 16× |
| Gross operating margin9900 | €7,309 | €29,076 | €31,824 | ▲ 9.5% |
| Operating profit (loss)9901 | €5,826 | €18,455 | €4,943 | ▼ 73.2% |
| Financial income75/76B | €53 | €1 | €0 | ▼ 100% |
| Recurring financial income75 | €53 | €1 | €0 | ▼ 100% |
| Financial charges65/66B | €707 | €2,474 | €3,129 | ▲ 26.5% |
| Recurring financial charges65 | €707 | €2,474 | €3,129 | ▲ 26.5% |
| Profit (loss) for the period before taxes9903 | €5,172 | €15,982 | €1,814 | ▼ 88.6% |
| Income taxes67/77 | €937 | €3,529 | €701 | ▼ 80.1% |
| Profit (loss) for the period9904 | €4,235 | €12,453 | €1,113 | ▼ 91.1% |
| Profit (loss) for the period to be appropriated9905 | €4,235 | €12,453 | €1,113 | ▼ 91.1% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €93,070 | €68,911 | €138,335 | ▲ 101% |
| Fixed assets21/28 | €51,208 | €41,497 | €107,166 | ▲ 158% |
| Intangible fixed assets21 | €7,888 | €6,309 | €11,829 | ▲ 87.5% |
| Tangible fixed assets22/27 | €43,320 | €35,187 | €95,338 | ▲ 171% |
| Plant, machinery and equipment23 | €11,997 | €10,797 | €11,559 | ▲ 7.1% |
| Furniture and vehicles24 | €31,324 | €24,391 | €378 | ▼ 98.4% |
| Leasing and similar rights25 | - | - | €83,401 | - |
| Current assets29/58 | €41,862 | €27,414 | €31,169 | ▲ 13.7% |
| Stocks and contracts in progress3 | €15,000 | €15,000 | €11,755 | ▼ 21.6% |
| Stocks30/36 | €15,000 | €15,000 | €11,755 | ▼ 21.6% |
| Amounts receivable within one year40/41 | €23,446 | €10,201 | €10,198 | = |
| Trade receivables40 | €10,664 | €10,201 | €7,282 | ▼ 28.6% |
| Other amounts receivable41 | €12,782 | €0 | €2,915 | - |
| Cash at bank and in hand54/58 | €2,107 | €83 | €6,818 | ▲ 82× |
| Deferred charges and accrued income490/1 | €1,309 | €2,130 | €2,397 | ▲ 12.5% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €93,070 | €68,911 | €138,335 | ▲ 101% |
| Equity10/15 | €9,235 | €21,688 | €22,802 | ▲ 5.1% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €4,235 | €16,688 | €17,802 | ▲ 6.7% |
| Distributable reserves133 | €4,235 | €16,688 | €17,802 | ▲ 6.7% |
| Amounts payable17/49 | €83,835 | €47,223 | €115,534 | ▲ 145% |
| Amounts payable after more than one year17 | €22,488 | €15,199 | €66,833 | ▲ 340% |
| Financial debts170/4 | €22,488 | €15,199 | €66,833 | ▲ 340% |
| Amounts payable within one year42/48 | €61,347 | €32,024 | €48,701 | ▲ 52.1% |
| Current portion of amounts payable after more than one year42 | €6,660 | €7,289 | €25,911 | ▲ 255% |
| Trade debts44 | €45,770 | €12,570 | €11,888 | ▼ 5.4% |
| Suppliers440/4 | €45,770 | €12,570 | €11,888 | ▼ 5.4% |
| Taxes, remuneration and social security45 | €2,575 | €6,356 | €10,902 | ▲ 71.5% |
| Taxes450/3 | €1,275 | €6,356 | €10,902 | ▲ 71.5% |
| Remuneration and social security454/9 | €1,300 | €0 | - | - |
| Other amounts payable47/48 | €6,343 | €5,809 | €0 | ▼ 100% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,235 | €12,453 | €1,113 | ▼ 91.1% |
| + Depreciation and write-downs630 | €1,483 | €9,711 | €12,346 | ▲ 27.1% |
| Operating cash flow (approximation) | €5,718 | €22,165 | €13,459 | ▼ 39.3% |
| Investment in fixed assets (approximation) | - | €0 | -€78,015 | - |
| Change in cash | - | -€2,024 | €6,736 | - |
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, 2,542 companies had the same profile as New Chapter has now. Two years later, 94.9% were still going and 3.5% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of New Chapter itself: 2.7% 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 2,542 companies, not a prediction for New Chapter. 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.
Board & ownership
Directors
Owners and capital
Shareholders
- AUDENAERT Bryan 99 shares (99%) · €4,950 in cash
- VERSPEET Lynn 1 share (1%) · €50 in cash
Capital transactions
- 16-12-2022 Incorporation · €5,000 · 100 shares
Articles of association
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Articles of association, deed of 16-12-2022 (in Dutch)
Network & group
New Chapter shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of New Chapter. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
29-09
Gazette deed
Registered office moved from Assenede to EekloNew seat: Kunstdal 7F, 9900 Eeklo · Previous seat: Grote-Tiendewijk 19, 9968 Assenede (Bassevelde), België2 points ▸
- Registered-office move, Kunstdal 7F, 9900 Eeklo
- Board meeting, 25-09-2026
24-01
Gazette deed
Registered office moved from Moerbeke-Waas to BasseveldeNew seat: Grote-Tiendewijk 19, 9968 Bassevelde · Previous seat: Korte Damstraat 15, 9180 Moerbeke-Waas · Director in office3 points ▸
- Board meeting, 01-11-2023
- Registered-office move, Grote-Tiendewijk 19,9968 Bassevelde
- Director in office, Bryan Audenaert (director)
10-07
Gazette deed
Registered office moved from Assenede to Moerbeke-WaasNew seat: Korte Damstraat 15, 9180 Moerbeke-Waas · Previous seat: Scheurhoekstraat 3, 9960 Assenede2 points ▸
- Board meeting, 31-05-2023
- Registered-office move, Korte Damstraat 15, 9180 Moerbeke-Waas
16-12
Gazette deed
IncorporationStarting capital €5,000 · Appointment: AUDENAERT Bryan (director) · Founder8 points ▸
- Incorporation, 14-12-2022
- Founder, AUDENAERT Bryan
- Founder, VERSPEET Lynn
- Founding capital, €5,000
- AUDENAERT Bryan holds 99 shares
- VERSPEET Lynn holds 1 share
- Director appointment, AUDENAERT Bryan (director (not named in the articles))
- Bank account, “NV Crelan”, 5000 (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
On 14 December 2022, New Chapter was incorporated as a private limited company by two natural persons, with a starting capital of €5,000.12 The registered office moved to Moerbeke-Waas in 2023, to Bassevelde in 2024 and to Eeklo in 2026.345 AUDENAERT Bryan has served as director since 2022.6 Total assets went from €93,070 in 2023 to €138,335 in 2025.7
Company details
Register details
Identity
KBO recordRegistered office and establishments
2 former offices
- Korte Damstraat 15, 9180 Moerbeke-Waas until 01-11-2023 · act of 24-01-2024
- Scheurhoekstraat 3, 9960 Assenede until 01-06-2023 · act of 10-07-2023
Activities
NACEBEL 202530 activities
- Algemene reiniging van gebouwen en opritten.
- Reiniging van het interieur van allerlei gebouwen.
- Andere reinigingsactiviteiten.
- Loodgieterswerk.
- Binnen- en buiten schrijn- en timmerwerk.
- Het stellen van alle handelingen die betrekking hebben op het bewerken en verwerken van hout, plastiek, aluminium aan bestaande en op te richten gebouwen.
- Isolatiewerkzaamheden.
- Alle schilderwerken, zowel binnen als buiten.
- Sanitair installateur en loodgieter.
- Alle elektriciteitswerken, zowel binnen als buiten.
- Onderhouds- en herstellingswerken voor rekening van derden.
- Overige werkzaamheden in verband met de afwerking van gebouwen.
- Vervaardigen en verhandelen van textielpatronen, kledij, juwelen, meubels en decoratieartikelen.
- Vervaardigen en verhandelen van sieraden, souvenirs en religieuze artikelen.
- Het aanbrengen van make-up, wimperextensions, lashlift, browlift, enzovoort.
- Het aanbrengen van permanente make-up.
- Huidverzorging en epileren.
- Manicure en pedicure.
- Detailhandel in kledij, sierraden en accessoires in de ruimste zin van het woord.
- Detailhandel in cosmeticaproducten.
- Het uitbaten van een wellness- en relaxatiecentrum in de meest uitgebreide zin.
- Het uitbaten en inrichten van restaurants en drankgelegenheden.
- Kleinhandel en groothandel in nieuwe en gebruikte auto’s voor personenvervoer, inclusief die voor bijzondere doeleinden.
- Kleinhandel en groothandel in nieuwe en gebruikte vrachtwagens, trekkers, bestelwagens, terreinwagens (vb. jeeps) enz.
- Kleinhandel en groothandel in nieuwe en gebruikte autobussen, touringcars, minibusjes, motorhomes, enz.
- Reparatie van auto’s: reparatie van de mechanische onderdelen en van de elektrische installatie.
- Carrosserieherstel (inclusief spuiten en verven).
- Verhuur op korte termijn en operationele leasing van personenauto’s, lichte bestelwagens, vrachtwagens en motorrijwielen zonder chauffeur.
- De groot- en kleinhandel in alle goederen, toestellen en toebehoren die verband houden met de verwezenlijking van de activiteit van de vennootschap.
- Het verwerven, bouwen, verbouwen en uitrusten van onroerende goederen met het oog op de verkoop, wederopbouw of beheer.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 43005A0741/00S002 | Flanders | 7,240 m² | 1 · 1,689 m² | 33.4 m |