ACTIVE

CHEVAL.BF

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Financial year 2025 · closed on 30/09/2025

Net result

23,6 k €

-48.4% YoY

Gross margin

197,2 k €

-17.9% YoY

Equity

136,9 k €

+20.8% YoY

Workforce

3,8 ETP

0.0% YoY

What does CHEVAL.BF do?

CHEVAL.BF is a Private limited company incorporated in 1989. Its registered office is in Durbuy. It employs on average 3,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0438.930.146

Incorporation

21/11/1989

Legal form

Private limited company

Registered office

Chemin du Champ Mahay (Borlon) 27
6941 Durbuy · WallonieSee on map

Contributed capital

19 333,12 €

Latest accounts

30/09/2025

Average workforce

3,8 ETP

Joint committees (4)

119
1190
201
2010

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	197,2 k €	-17.9%	240,3 k €	+42.6%	168,6 k €	+1.9%	165,4 k €	-66.4%	491,6 k €	+57.5%	312,1 k €	+27.1%	245,4 k €	-2.6%	252 k €	+178%	90,8 k €	-26.6%	123,7 k €	+50.0%	82,4 k €	-2.2%	84,3 k €	-4.5%	88,3 k €	-8.4%	96,4 k €	+27.3%	75,7 k €	+260%	21 k €	+525%	-4,9 k €
EBITDA	44,3 k €	-30.0%	63,3 k €	+320%	15,1 k €	-20.1%	18,9 k €	-90.5%	199,2 k €	+70.1%	117,1 k €	+49.1%	78,6 k €	-33.4%	118 k €	+665%	-20,9 k €	-129%	72,2 k €	+78.8%	40,4 k €	-20.3%	50,7 k €	+55.2%	32,6 k €	-30.8%	47,2 k €	+81.3%	26 k €	+230%	7,9 k €	+456%	-2,2 k €
Operating result	23,7 k €	-48.4%	45,9 k €	+2671%	1,7 k €	-67.4%	5,1 k €	-97.1%	177,5 k €	+120%	80,7 k €	+184%	28,5 k €	-66.0%	83,7 k €	+273%	-48,4 k €	-176%	63,3 k €	+75.2%	36,1 k €	-12.7%	41,4 k €	+109%	19,8 k €	-44.2%	35,4 k €	+53.8%	23 k €	+291%	5,9 k €	+366%	-2,2 k €
Net result	23,6 k €	-48.4%	45,7 k €	+4944%	905,9 €	-72.1%	3,2 k €	-97.5%	127,8 k €	+96.8%	64,9 k €	+274%	17,4 k €	-73.9%	66,6 k €	+220%	-55,4 k €	-198%	56,6 k €	+116%	26,2 k €	-14.7%	30,7 k €	+354%	6,8 k €	-70.7%	23 k €	+112%	10,8 k €	+565%	1,6 k €	+173%	-2,2 k €
Balance sheet
Equity	136,9 k €	+20.8%	113,3 k €	+67.5%	67,7 k €	+1.4%	66,7 k €	-83.7%	409,7 k €	+227%	125,4 k €	+107%	60,5 k €	+40.3%	43,1 k €	+194%	-45,7 k €	-571%	9,7 k €	+121%	-46,9 k €	+35.8%	-73,2 k €	+29.6%	-103,9 k €	+6.1%	-110,6 k €	+17.2%	-133,6 k €	+7.5%	-144,5 k €	+18.4%	-177,1 k €
Total assets	225,9 k €	-11.8%	256,1 k €	-3.6%	265,7 k €	+5.1%	252,9 k €	-71.9%	898,8 k €	+65.0%	544,6 k €	-3.2%	562,7 k €	+13.8%	494,4 k €	+47.8%	334,6 k €	+74.3%	192 k €	+16.2%	165,2 k €	-22.6%	213,3 k €	+22.9%	173,6 k €	-16.7%	208,5 k €	+59.6%	130,6 k €	+28.6%	101,6 k €	+25740%	393 €
Cash	34,2 k €	-36.4%	53,9 k €	+3.7%	51,9 k €	-15.7%	61,6 k €	-20.8%	77,7 k €	-3.8%	80,8 k €	+123%	36,3 k €	+55.4%	23,3 k €	+27.4%	18,3 k €	+579%	2,7 k €	-65.8%	7,9 k €	+261%	2,2 k €	-79.3%	10,6 k €	+18.8%	8,9 k €	+20.6%	7,4 k €	-27.2%	10,1 k €		–
Debts	89 k €	-37.6%	142,7 k €	-27.9%	198,1 k €	+6.4%	186,2 k €	-61.9%	488,6 k €	+19.3%	409,4 k €	-16.8%	492,2 k €	+10.1%	447,1 k €	+17.6%	380,3 k €	+109%	182,3 k €	-14.1%	212,1 k €	-25.9%	286,5 k €	+3.2%	277,5 k €	-12.8%	318,3 k €	+20.8%	263,4 k €	+7.7%	244,5 k €	+37.8%	177,5 k €
Other
Workforce	3,8 ETP	0.0%	3,8 ETP	0.0%	3,8 ETP	0.0%	3,8 ETP	-20.8%	4,8 ETP	+60.0%	3,0 ETP	+57.9%	1,9 ETP	-48.6%	3,7 ETP	0.0%	3,7 ETP	+118%	1,7 ETP		–		–		1,5 ETP	0.0%	1,5 ETP	0.0%	1,5 ETP	+275%	0,4 ETP		–

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 17 ended

Active mandates

Gérard Hennau

Director

Active

Ended mandates

Gérard Hennau

Director · since 04 mai 2022

Ended

Gérard Hennau

Managing director · since 11 mars 2014 · until 10 mars 2020

Ended

Gérard HENNAU

Managing director · since 11 mars 2014

Ended

Isabelle Lapaille

Director · since 11 mars 2014 · until 18 mai 2019

Ended

At this address

Other companies at this address

Company	CBE no.
S-KY HORSES● Active	0844.864.852

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	28/04/2026	28/04/2025	24/04/2024	11/04/2023	11/04/2022	18/03/2021
General meeting	24/04/2026	07/04/2025	12/03/2024	14/03/2023	08/03/2022	09/03/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	24/04/2026	28/04/2026	French	PDF
Abridged model	30/09/2024	07/04/2025	28/04/2025	French	PDF
Abridged model	30/09/2023	12/03/2024	24/04/2024	French	PDF
Abridged model	30/09/2022	14/03/2023	11/04/2023	French	PDF
Abridged model	30/09/2021	08/03/2022	11/04/2022	French	PDF
Abridged model	30/09/2020	09/03/2021	18/03/2021	French	PDF
Abridged model	30/09/2019	10/03/2020	17/03/2020	French	PDF
Abridged modelCorrection	30/09/2018	12/03/2019	13/06/2019	French	PDF
Abridged model	30/09/2018	12/03/2019	30/04/2019	French	PDF
Abridged model	30/09/2017	10/03/2018	30/05/2018	French	PDF
Abridged model	30/09/2016	10/03/2017	31/05/2017	French	PDF
Abridged model	30/09/2015	10/03/2016	31/03/2016	French	PDF
Abridged model	30/09/2014	10/03/2015	11/04/2015	French	PDF
Abridged model	30/09/2013	11/03/2014	28/03/2014	French	PDF
Abridged model	30/09/2012	12/03/2013	29/04/2013	French	PDF
Abridged model	30/09/2011	13/03/2012	30/04/2012	French	PDF
Abridged model	30/09/2010	08/03/2011	11/03/2011	French	PDF
Abridged model	30/09/2009	09/03/2010	13/04/2010	French	PDF
Abridged model	30/09/2008	10/03/2009	30/04/2009	French	PDF
Abridged model	30/09/2007	11/03/2008	07/04/2008	French	PDF
Abridged model	30/09/2006	13/03/2007	15/05/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 17 ended

Active mandates

Gérard Hennau

Director

Active

Ended mandates

Gérard Hennau

Director · since 04 mai 2022

Ended

Gérard Hennau

Managing director · since 11 mars 2014 · until 10 mars 2020

Ended

Gérard HENNAU

Managing director · since 11 mars 2014

Ended

Isabelle Lapaille

Director · since 11 mars 2014 · until 18 mai 2019

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Restructuring11/05/2022
DENOMINATION - OBJET - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring11/10/2021
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring13/08/2020
OBJET - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring24/03/2020
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates30/05/2014
DEMISSIONS, NOMINATIONS
PDF
Capital / shares28/07/2008
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates24/04/2008
DEMISSIONS, NOMINATIONS
PDF
Registered office03/08/2005
SIEGE SOCIAL
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202523,6 k €↓
2024
Annual accounts 202445,7 k €↑
2023
Annual accounts 2023905,9 €↓
2022
Annual accounts 20223,2 k €↓
2022
Name changeCheval.BF
2021
Annual accounts 2021127,8 k €↑
2021
Name changeFerme de l'Escaille
2019
Annual accounts 201964,9 k €↑
2018
Annual accounts 201817,4 k €↓
2017
Annual accounts 201766,6 k €↑
2015
Annual accounts 2015-55,4 k €↓
2014
Annual accounts 201456,6 k €↑
2013
Annual accounts 201326,2 k €↓
2012
Annual accounts 201230,7 k €↑
2011
Annual accounts 20116,8 k €↓
2010
Annual accounts 201023 k €↑
2009
Annual accounts 200910,8 k €↑
2008
Annual accounts 20081,6 k €↑
2007
Annual accounts 2007-2,2 k €
21/11/1989
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

CHEVAL.BF

Overview

What does CHEVAL.BF do?

Trend over 17 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline