PRO - CHAPES
ActiveSummary
PRO - CHAPES has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €47,335 and a net result of -€21,109. Equity is shrinking by ~2.8% per year across the filed fiscal years. Its solvency ranks better than 9% of 7868 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability35▼-14
Solvency28▼-3
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days only on tighter terms
Liquidity short (current ratio 0.59 against 0.68 in 2024; short-term debt: 80.5% and cash: 5% of total assets), and 96.8% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 7868 sector peers (2025).
NBB · sector comparisonPosition among 7868 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
36 d early
2023
6 d early
2022
7 d early
2021
11 d early
2020
90 d late
2019
44 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 2 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#7 company by total assets in Aywaille, Construction sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€21,109
2024 · €33,657
Working capital
-€494,920▼ 48.0%
2024 · -€334,449
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€44,221▲ 17.7%€18,320▼ 58.6%-€8,167€92,038€18,933▼ 79.4%
Net result€15,392▲ 55.6%-€15,959-€49,681▼ 211%€33,657-€21,109
Equity€105,829▲ 15.3%€88,520▼ 16.4%€37,488▼ 57.7%€69,795▲ 86.2%€47,335▼ 32.2%
Total assets€1.2m▲ 1.1%€1.3m▲ 16.4%€1.3m▼ 3.4%€1.2m▼ 8.3%€1.5m▲ 24.8%
Debt€1.1m▼ 0.1%€1.3m▲ 19.7%€1.3m▲ 0.4%€1.1m▼ 11.1%€1.4m▲ 28.3%
Working capital-€193,681▲ 6.7%-€293,079▼ 51.3%-€323,798▼ 10.5%-€334,449▼ 3.3%-€494,920▼ 48.0%
Staff (FTE)24.1▲ 8.1%22.2▼ 7.9%23.6▲ 6.3%21.5▼ 8.9%19.8▼ 7.9%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 79% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.5m
Fixed assets
€747,680 ▲ 74.7%
Current assets
€703,369 ▼ 0.8%
Equity and liabilities €1.5m
Equity
€47,335 ▼ 32.2%
Debt
€1.4m ▲ 28.3%
Debt's share of the balance-sheet total rises from 94.2% to 96.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€101,085▼
2024 · €158,753
Cash flow
€61,043▼
2024 · €100,372
Current ratio
0.59▼
2024 · 0.68
Quick ratio
0.38▼
2024 · 0.45
Debt to equity
30.45▲
2024 · 16.10
ROE
-44.6%▼
2024 · 48.2%
ROA
-1.4%▼
2024 · 2.8%
Interest coverage
2.13▼
2024 · 3.20
Debt ≤ 1 year
€1.2m▲
2024 · €1.0m
Debt > 1 year
€233,050▲
2024 · €69,985
Income taxes
€281▼
2024 · €10,450
Staff costs
€1.0m▼
2024 · €1.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €36,905 | €11,884 | - | €2,000 | €4,192 | ▲ 110% |
| Remuneration, social security and pensions62 | €1.0m | €1.1m | €1.1m | €1.1m | €1.0m | ▼ 2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €62,221 | €54,316 | €77,997 | €66,715 | €82,152 | ▲ 23.1% |
| Other operating charges640/8 | €23,948 | €26,153 | €43,435 | €44,647 | €25,443 | ▼ 43.0% |
| Operating charges capitalised as restructuring costs649 | - | -€94,113 | - | - | - | - |
| Non-recurring operating charges66A | €84,717 | €25,382 | €709 | €1,884 | €1,712 | ▼ 9.2% |
| Gross operating margin9900 | €1.2m | €1.1m | €1.2m | €1.3m | €1.2m | ▼ 8.3% |
| Operating profit (loss)9901 | €44,221 | €18,320 | -€8,167 | €92,038 | €18,933 | ▼ 79.4% |
| Financial income75/76B | €1,710 | €1,764 | €3,830 | €1,709 | €7,726 | ▲ 352% |
| Recurring financial income75 | €1,710 | €1,764 | €3,830 | €1,709 | €7,726 | ▲ 352% |
| Financial charges65/66B | €27,127 | €35,791 | €45,025 | €49,640 | €47,488 | ▼ 4.3% |
| Recurring financial charges65 | €27,127 | €35,791 | €45,025 | €49,640 | €47,488 | ▼ 4.3% |
| Profit (loss) for the period before taxes9903 | €18,803 | -€15,707 | -€49,362 | €44,107 | -€20,828 | ▼ 147% |
| Income taxes67/77 | €3,411 | €252 | €319 | €10,450 | €281 | ▼ 97.3% |
| Profit (loss) for the period9904 | €15,392 | -€15,959 | -€49,681 | €33,657 | -€21,109 | ▼ 163% |
| Profit (loss) for the period to be appropriated9905 | €15,392 | -€15,959 | -€49,681 | €33,657 | -€21,109 | ▼ 163% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.3m | €1.3m | €1.2m | €1.5m | ▲ 24.8% |
| Formation expenses20 | €1,242 | €94,113 | €75,290 | €56,468 | €37,645 | ▼ 33.3% |
| Fixed assets21/28 | €462,697 | €471,649 | €412,841 | €427,931 | €747,680 | ▲ 74.7% |
| Intangible fixed assets21 | - | - | - | €7,889 | €19,011 | ▲ 141% |
| Tangible fixed assets22/27 | €461,085 | €470,038 | €411,230 | €418,431 | €725,858 | ▲ 73.5% |
| Land and buildings22 | €367,962 | €352,987 | €338,011 | €323,950 | €613,595 | ▲ 89.4% |
| Plant, machinery and equipment23 | €40,371 | €76,044 | €58,370 | €57,988 | €48,648 | ▼ 16.1% |
| Furniture and vehicles24 | €52,752 | €41,008 | €14,849 | €36,494 | €63,614 | ▲ 74.3% |
| Leasing and similar rights25 | - | - | €0 | €0 | €0 | - |
| Financial fixed assets28 | €1,611 | €1,611 | €1,611 | €1,611 | €2,811 | ▲ 74.5% |
| Current assets29/58 | €693,606 | €781,211 | €813,421 | €708,768 | €703,369 | ▼ 0.8% |
| Stocks and contracts in progress3 | €235,732 | €242,059 | €240,100 | €234,753 | €252,475 | ▲ 7.5% |
| Stocks30/36 | €235,732 | €242,059 | €240,100 | €234,753 | €252,475 | ▲ 7.5% |
| Amounts receivable within one year40/41 | €391,186 | €476,978 | €415,172 | €401,231 | €342,920 | ▼ 14.5% |
| Trade receivables40 | €389,010 | €473,190 | €408,685 | €394,569 | €338,467 | ▼ 14.2% |
| Other amounts receivable41 | €2,176 | €3,788 | €6,486 | €6,662 | €4,453 | ▼ 33.2% |
| Current investments50/53 | - | - | €0 | €0 | €0 | - |
| Cash at bank and in hand54/58 | €13,141 | €41,680 | €136,340 | €38,958 | €74,993 | ▲ 92.5% |
| Deferred charges and accrued income490/1 | €53,547 | €20,494 | €21,810 | €33,827 | €32,980 | ▼ 2.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.3m | €1.3m | €1.2m | €1.5m | ▲ 24.8% |
| Equity10/15 | €105,829 | €88,520 | €37,488 | €69,795 | €47,335 | ▼ 32.2% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | - | - | - | - |
| Reserves not available under the articles1311 | €1,859 | €1,859 | - | - | - | - |
| Distributable reserves133 | - | - | €1,859 | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | €49,926 | €33,967 | -€15,714 | €17,943 | -€3,166 | ▼ 118% |
| Investment grants15 | €35,453 | €34,102 | €32,751 | €31,401 | €30,050 | ▼ 4.3% |
| Amounts payable17/49 | €1.1m | €1.3m | €1.3m | €1.1m | €1.4m | ▲ 28.3% |
| Amounts payable after more than one year17 | €152,258 | €167,499 | €105,462 | €69,985 | €233,050 | ▲ 233% |
| Financial debts170/4 | €152,258 | €167,499 | €105,462 | €69,985 | €233,050 | ▲ 233% |
| Amounts payable within one year42/48 | €887,287 | €1.1m | €1.1m | €1.0m | €1.2m | ▲ 14.9% |
| Current portion of amounts payable after more than one year42 | €67,601 | €72,902 | €67,151 | €56,811 | €66,954 | ▲ 17.9% |
| Financial debts43 | €172,089 | €288,387 | €295,287 | €294,387 | €264,411 | ▼ 10.2% |
| Credit institutions430/8 | €172,089 | €288,387 | €295,287 | €294,387 | €264,411 | ▼ 10.2% |
| Trade debts44 | €387,546 | €551,330 | €522,053 | €462,154 | €435,266 | ▼ 5.8% |
| Suppliers440/4 | €387,546 | €551,330 | €522,053 | €462,154 | €435,266 | ▼ 5.8% |
| Advances received on contracts in progress46 | - | - | - | €290 | - | - |
| Taxes, remuneration and social security45 | €253,928 | €148,749 | €240,169 | €166,798 | €315,192 | ▲ 89.0% |
| Taxes450/3 | €22,899 | €32,773 | €41,874 | €41,237 | €33,687 | ▼ 18.3% |
| Remuneration and social security454/9 | €231,028 | €115,976 | €198,295 | €125,562 | €281,504 | ▲ 124% |
| Other amounts payable47/48 | €6,123 | €12,922 | €12,558 | €62,776 | €116,466 | ▲ 85.5% |
| Accrued charges and deferred income492/3 | €12,171 | €16,665 | €21,383 | €10,171 | €10,020 | ▼ 1.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,392 | -€15,959 | -€49,681 | €33,657 | -€21,109 | ▼ 163% |
| + Depreciation and write-downs630 | €62,221 | €54,316 | €77,997 | €66,715 | €82,152 | ▲ 23.1% |
| Operating cash flow (approximation) | €77,613 | €38,357 | €28,316 | €100,372 | €61,043 | ▼ 39.2% |
| Investment in fixed assets (approximation) | - | -€63,269 | -€19,188 | -€81,806 | -€401,900 | ▼ 391% |
| Change in cash | - | €28,539 | €94,660 | -€97,382 | €36,035 | ▲ 137% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €33,657
Net result €33,657 after 2 loss-making years.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet -€49,681
Net result drops to -€49,681, the lowest in the series; recovery starts the following year.
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €100,000Eq €105,829 ▲15.3%
4 profitable years in a row build equity to €105,829.
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 90 days late
2020
17-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Highest result since 2018net €71,754 ▲468%
Operating result €92,382, net result €71,754, both a record.
16-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 29 days late
2017
20-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Aywaille · 1 establishment unit since 1994
Ground area
2,588 m²
Building footprint
801 m²
Volume, LiDAR
5,090 m³
Parcel 61026A1010/00S005, Wallonia · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue de la Baronnerie 1, 4920 Aywaille
since 19942.066.618.751
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61026A1010/00S005 | Wallonia | 2,588 m² | 1 · 801 m² | 7.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,416. 6,047 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded12-04-1994
Fiscal year end31-12
Activities, NACEBEL 2025
43422Screed work
43990Other specialised construction activities
46831Wholesale of construction materials, general range
Scores and ratios are computed by Checked and are not a credit decision.