CHARCO
ActiveCHARCO has been active since 1980 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.65M and a net result of €295k. Equity is shrinking by ~6.2% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
68
/ 100
Healthy▼ -16 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability96▲+5
Solvency67▼-8
Growth42▲+1
Stability100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity short (current ratio 0.41 against 0.85 in 2024), and 31% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
69%
Return on assets
12.3%
Age of the figures
8 mo
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 02-06-2026, 59 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
59 d early
2024
30 d early
2023
75 d early
2022
84 d early
2021
62 d early
2020
71 d early
2019
73 d early
← before the deadline
after the deadline →
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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€472k▼ 0.1%
2024 · €472k
2018: €760k
2019: €770k
2020: €628k
2021: €600k
2022: €682k
2023: €676k
2024: €472k
2018 → 2025
EBIT margin
83.6%▼ 7.9pp
2024 · 91.4%
2018: 50.4%
2019: 44.9%
2020: 35.9%
2021: 36.4%
2022: 50.0%
2023: 47.7%
2024: 91.4%
2018 → 2025
Net result
€295k▼ 3.1%
2024 · €304k
2018: €255k
2019: €229k
2020: €157k
2021: €156k
2022: €237k
2023: €224k
2024: €304k
2018 → 2025
Working capital
€-425k▼ 886%
2024 · €-43k
2018: €374k
2019: €604k
2020: €106k
2021: €16k
2022: €77k
2023: €-56k
2024: €-43k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€600k-€682k▲ 13.5%€676k▼ 0.8%€472k▼ 30.2%€472k▼ 0.1%
Equity€2.24M-€2.17M▼ 2.8%€1.99M▼ 8.7%€2.06M▲ 3.8%€1.65M▼ 19.9%
Operating result€219k-€341k▲ 55.9%€322k▼ 5.5%€432k▲ 34.0%€394k▼ 8.7%
Net result€156k-€237k▲ 52.2%€224k▼ 5.5%€304k▲ 36.1%€295k▼ 3.1%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 9% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.39M
Fixed assets
€2.10M▼ 1.6%
Current assets
€289k▲ 15.7%
Equity and liabilities €2.39M
Equity
€1.65M▼ 19.9%
Debt
€740k▲ 128%
The debt ratio rises from 13.6% to 31.0%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€428k▼
2024 · €469k
Cash flow
€329k▼
2024 · €342k
Solvency
69.0%▼
2024 · 86.4%
Current ratio
0.41▼
2024 · 0.85
Quick ratio
0.41▼
2024 · 0.85
Debt / equity
0.45▲
2024 · 0.16
ROE
17.9%▲
2024 · 14.8%
ROA
12.3%▼
2024 · 12.8%
Interest coverage
831.19▼
2024 · 904.70
Debt
€740k▲
2024 · €325k
Debt ≤ 1 year
€714k▲
2024 · €293k
Income taxes
€99k▼
2024 · €128k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.39M€2.39M▲
Fixed assets21/28€2.14M€2.10M▼
Tangible fixed assets22/27€2.14M€2.10M▼
Land and buildings22€2.12M€2.09M▼
Plant, machinery and equipment23€1k€797▼
Furniture and vehicles24€985€236▼
Other tangible fixed assets26€17k€12k▼
Financial fixed assets28€0-
Current assets29/58€250k€289k▲
Amounts receivable within one year40/41€10k€21k▲
Trade receivables40€10k€21k▲
Other amounts receivable41-€200
Cash at bank and in hand54/58€240k€268k▲
Deferred charges and accrued income490/1€195€255▲
Equity and liabilities
Total equity and liabilities10/49€2.39M€2.39M▲
Equity10/15€2.06M€1.65M▼
Contributions10/11€105k€105k=
Revaluation surpluses12€868k€868k=
Reserves13€1.09M€678k▼
Non-distributable reserves130/1€11k€0▼
Reserves not available under the articles1311€11k€0▼
Distributable reserves133€1.08M€678k▼
Amounts payable17/49€325k€740k▲
Amounts payable after more than one year17€0-
Other amounts payable178/9€0-
Amounts payable within one year42/48€293k€714k▲
Trade debts44€6k€184▼
Suppliers440/4€6k€184▼
Taxes, remuneration and social security45€58k€9k▼
Taxes450/3€58k€9k▼
Other amounts payable47/48€229k€705k▲
Accrued charges and deferred income492/3€32k€26k▼
Income statement
Code20242025
Turnover70€472k€472k▼
Goods, raw materials, services and sundry goods60/61€45k€22k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37k€34k▼
Other operating charges640/8€24k€25k▲
Non-recurring operating charges66A€13k-
Gross operating margin9900€506k€453k▼
Operating profit (loss)9901€432k€394k▼
Financial income75/76B€837€700▼
Recurring financial income75€837€700▼
Financial charges65/66B€518€515▼
Recurring financial charges65€518€515▼
Profit (loss) for the period before taxes9903€432k€395k▼
Income taxes67/77€128k€99k▼
Profit (loss) for the period9904€304k€295k▼
Profit (loss) for the period to be appropriated9905€304k€295k▼
Appropriation of the result
Profit (loss) to be appropriated9906€304k€295k▼
Transfer from equity791/2€229k€410k▲
Transfer to equity691/2€304k-
To other reserves6921€304k-
Profit to be distributed694/7€229k€705k▲
Return on contributions (dividend)694€229k€705k▲
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €304k ▲36.1%
Operating result €432k, net result €304k, both a record.
31-12
Financial
Equity above €2MEq €2.06M ▲3.8%
7 profitable years in a row build equity to €2.06M.
17-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
08-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet €156k ▼0.9%
Net result drops to €156k, the lowest in the series; recovery starts the following year.
21-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
19-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
03-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
01-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
25-11-2025
Resigned as Manager
Location & real-estate footprint
Registered office, Watermaal-Bosvoorde · 1 establishment unit since 1988
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Pleisterplaatsstraat 461170 Watermaal-BosvoordeGround area
217 m²
Building footprint
88 m²
Volume, LiDAR
847 m³
Parcel 21017D0003/00W014, Brussels · tallest building 12.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Pleisterplaatsstraat 46, 1170 Watermaal-Bosvoorde
since 19882.018.051.247
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21017D0003/00W014 | Brussels | 217 m² | 1 · 88 m² | 12.5 m · 3 fl. |
Linked by address, not proof of ownership
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.
Structure & network
Connections & network
4 connected companiesNetwork connections
Shared address
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Shared address
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Shared address
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Shared address
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Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-10-1980
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 42 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.