ACTIVE

CHEFAR

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Financial year 2025 · closed on 31/12/2025

Net result

180,1 k €

+71.7% YoY

Gross margin

197,9 k €

+27.5% YoY

Equity

2,1 M €

+9.2% YoY

Workforce

0,0 ETP

What does CHEFAR do?

CHEFAR is a Private limited company incorporated in 2004. Its main activity is: Management consultancy activities. Its registered office is in Heers.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0870.235.795

Incorporation

29/11/2004

Legal form

Private limited company

Registered office

Steenweg(H.) 129
3870 Heers · FlandreSee on map

Contributed capital

585 700,00 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	197,9 k €	+27.5%	155,3 k €	+48.2%	104,8 k €	+0.2%	104,5 k €	+0.4%	104,1 k €	-34.3%	158,3 k €	-28.0%	219,9 k €	+0.1%	219,5 k €	-2.4%	224,9 k €	-4.1%	234,4 k €	+3.6%	226,4 k €	-6.8%	242,9 k €	-18.0%	296,1 k €	+59.3%	185,8 k €	+22.9%	151,2 k €	-3.5%	156,8 k €	+14.4%	137,1 k €	-1.5%	139,2 k €	-19.7%	173,3 k €
EBITDA	196,6 k €	+28.0%	153,6 k €	+50.4%	102,1 k €	-2.1%	104,3 k €	+1.6%	102,7 k €	-34.6%	157 k €	-28.2%	218,6 k €	+0.3%	217,9 k €	-2.6%	223,8 k €	-3.7%	232,4 k €	+3.4%	224,9 k €	-6.8%	241,3 k €	-18.1%	294,5 k €	+59.8%	184,3 k €	+24.9%	147,6 k €	-5.2%	155,6 k €	+14.5%	135,9 k €	-1.5%	138,1 k €	-20.1%	172,7 k €
Operating result	196,6 k €	+28.0%	153,6 k €	+50.4%	102,1 k €	-2.1%	104,3 k €	+1.6%	102,7 k €	-32.3%	151,8 k €	-28.9%	213,4 k €	+0.3%	212,8 k €	-2.7%	218,6 k €	-3.8%	227,3 k €	+2.9%	220,8 k €	-6.8%	237,1 k €	-18.3%	290,2 k €	+61.2%	180,1 k €	+25.4%	143,5 k €	-7.7%	155,6 k €	+14.5%	135,9 k €	-1.1%	137,4 k €	-20.1%	172 k €
Net result	180,1 k €	+71.7%	104,9 k €	+55.0%	67,7 k €	-1.6%	68,8 k €	+4.2%	66 k €	-32.7%	98,1 k €	-26.3%	133 k €	+8.7%	122,3 k €	+13.0%	108,2 k €	+7.7%	100,5 k €	-3.0%	103,6 k €	-13.4%	119,7 k €	-19.5%	148,7 k €	+40.1%	106,1 k €	+30.2%	81,5 k €	-8.1%	88,6 k €	+19.0%	74,5 k €	+0.5%	74,1 k €	-23.4%	96,8 k €
Balance sheet
Equity	2,1 M €	+9.2%	2 M €	+5.7%	1,9 M €	+3.8%	1,8 M €	+4.0%	1,7 M €	+4.0%	1,6 M €	+6.3%	1,6 M €	+9.4%	1,4 M €	+10.5%	1,3 M €	+9.2%	1,2 M €	+22.4%	960,4 k €	+12.1%	856,8 k €	+7.0%	800,8 k €	+22.8%	652,2 k €	+19.4%	546 k €	+17.1%	466,2 k €	+22.9%	379,2 k €	+23.8%	306,3 k €	+31.0%	233,8 k €
Total assets	2,7 M €	+5.0%	2,5 M €	+2.0%	2,5 M €	+0.3%	2,5 M €	+0.1%	2,5 M €	-0.2%	2,5 M €	+1.0%	2,4 M €	-0.1%	2,4 M €	+1.2%	2,4 M €	-0.1%	2,4 M €	+1.7%	2,4 M €	-2.0%	2,4 M €	+0.5%	2,4 M €	+3.0%	2,3 M €	+107%	1,1 M €	+4.6%	1,1 M €	+2.8%	1,1 M €	+0.9%	1 M €	+0.9%	1 M €
Cash	54,9 k €	-39.8%	91,2 k €	-16.3%	108,9 k €	+242%	31,8 k €	+74.5%	18,2 k €	-63.6%	50 k €	+195%	17 k €	-14.8%	19,9 k €	-38.5%	32,4 k €	+113%	15,2 k €	-32.2%	22,4 k €	+12.0%	20 k €	+0.8%	19,8 k €	+58.0%	12,5 k €	+1.7%	12,3 k €	+31.1%	9,4 k €	+6.1%	8,9 k €	+258%	2,5 k €	+34.3%	1,8 k €
Debts	510,8 k €	-9.5%	564,7 k €	-8.9%	620 k €	-9.0%	681 k €	-8.7%	745,8 k €	-8.6%	816,1 k €	-8.2%	888,7 k €	-13.2%	1 M €	-9.4%	1,1 M €	-9.0%	1,2 M €	-12.4%	1,4 M €	-9.8%	1,6 M €	-2.6%	1,6 M €	-5.0%	1,7 M €	+187%	590,2 k €	-4.9%	620,4 k €	-8.5%	678 k €	-8.5%	741,1 k €	-7.9%	804,4 k €
Other
Workforce	0,0 ETP		0,0 ETP		0,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

CHRISTINE ERNENS

Director · since 24 novembre 2004

Active

Ended mandates

Christine Ernens

Director

Ended

CHRISTINE ERNENS

Administrator - manager

Ended

At this address

Other companies at this address

Company	CBE no.
HEERSE APOTHEEK● Active	0466.404.110

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	03/06/2026	20/06/2025	29/05/2024	05/07/2023	03/06/2022	29/06/2021
General meeting	23/05/2026	24/05/2025	25/05/2024	27/05/2023	28/05/2022	23/05/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	23/05/2026	03/06/2026	Dutch	PDF
Abridged model	31/12/2024	24/05/2025	20/06/2025	Dutch	PDF
Abridged model	31/12/2023	25/05/2024	29/05/2024	Dutch	PDF
Abridged model	31/12/2022	27/05/2023	05/07/2023	Dutch	PDF
Micro model	31/12/2021	28/05/2022	03/06/2022	Dutch	PDF
Micro model	31/12/2020	23/05/2021	29/06/2021	Dutch	PDF
Micro model	31/12/2019	23/05/2020	29/05/2020	Dutch	PDF
Abridged model	31/12/2018	25/05/2019	05/06/2019	Dutch	PDF
Abridged model	31/12/2017	26/05/2018	06/06/2018	Dutch	PDF
Abridged model	31/12/2016	27/05/2017	06/06/2017	Dutch	PDF
Abridged model	31/12/2014	23/05/2015	13/07/2015	Dutch	PDF
Abridged model	31/12/2013	24/05/2014	02/06/2014	Dutch	PDF
Abridged model	31/12/2012	28/06/2013	08/07/2013	Dutch	PDF
Abridged model	31/12/2011	26/05/2012	27/06/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	12/07/2011	Dutch	PDF
Abridged model	31/12/2009	22/05/2010	25/05/2010	Dutch	PDF
Abridged model	31/12/2008	23/05/2009	17/06/2009	Dutch	PDF
Abridged model	31/12/2007	24/05/2008	26/05/2008	Dutch	PDF
Abridged model	31/12/2006	26/05/2007	30/05/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

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 31/12/2025 · 1 active · 2 ended

Active mandates

CHRISTINE ERNENS

Director · since 24 novembre 2004

Active

Ended mandates

Christine Ernens

Director

Ended

CHRISTINE ERNENS

Administrator - manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office04/03/2022
MAATSCHAPPELIJKE ZETEL - WIJZIGING RECHTSVORM
PDF
Capital / shares19/02/2018
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares16/01/2014
KAPITAAL - AANDELEN
PDF
Other10/12/2004
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 2025180,1 k €↑
2024
Annual accounts 2024104,9 k €↑
2023
Annual accounts 202367,7 k €↓
2022
Annual accounts 202268,8 k €↑
2021
Annual accounts 202166 k €↓
2020
Annual accounts 202098,1 k €↓
2019
Annual accounts 2019133 k €↑
2018
Annual accounts 2018122,3 k €↑
2017
Annual accounts 2017108,2 k €↑
2016
Annual accounts 2016100,5 k €↓
2014
Annual accounts 2014103,6 k €↓
2013
Annual accounts 2013119,7 k €↓
2012
Annual accounts 2012148,7 k €↑
2011
Annual accounts 2011106,1 k €↑
2010
Annual accounts 201081,5 k €↓
2009
Annual accounts 200988,6 k €↑
2008
Annual accounts 200874,5 k €↑
2007
Annual accounts 200774,1 k €↓
2006
Annual accounts 200696,8 k €
29/11/2004
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

CHEFAR

Overview

What does CHEFAR do?

Trend over 19 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