Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 30 % of short-term debt in 2024; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 21.5 to 15.5.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2024
CHACON from Wavre, company number BE0417371006, closed financial year 2024 with a result of € -1.4 million after tax. For that financial year CHACON recorded revenue of € 13.4 million and equity of € 1.2 million. Compared with financial year 2023, the result moved from € -1.3 million to € -1.4 million. The company made a loss. The buffer shrank hard: equity is 54 % below last year. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 31, 2025.
€ 1.2 million
▼ 54% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.4 million
▼ 10 % more loss than in 2023
Profit after tax over the fiscal year.
€ 378,124
▼ 46% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 842,413.
People and assets in 2024
15.5
▼ 0.6 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 1.6 million
▼ 5% vs 2023
€ 102,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 18,852
▼ 53% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 3 million
▼ 6% vs 2023
€ 4,012 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 2.9 million
▼ 10% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 86 days on average.
€ 447,351
▲ 48% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 17,929,536 | € 17,491,109 | € 15,515,942 | € 13,367,614 | ▼ 14% |
| Profit after taxes | € -191,787 | € -42,132 | € -1,305,426 | € -1,431,892 | ▼ € 126,466 |
| Equity | € 5,218,492 | € 3,976,360 | € 2,670,934 | € 1,239,042 | ▼ 54% |
| Total debts | € 8,192,382 | € 7,866,347 | € 6,775,138 | € 6,375,809 | ▼ 6% |
| Cash | € 896,335 | € 1,728,883 | € 704,217 | € 378,124 | ▼ 46% |
| Land & buildings | € 25,483 | € 22,430 | € 32,604 | € 28,731 | ▼ 12% |
| Retained profit | € 4,821,862 | € 3,579,730 | € 2,274,304 | € 842,413 | ▼ 63% |
| Dividend | € 0 | € 1,200,000 | € 0 | € 0 | |
| Bank debt | € 3,862,662 | € 3,578,836 | € 3,159,690 | € 2,963,203 | ▼ 6% |
| Balance sheet total | € 13,476,972 | € 11,910,579 | € 9,523,940 | € 7,689,570 | ▼ 19% |
| Employees (FTE) | 22.5 | 21.5 | 16.1 | 15.5 | ▼ 0.6 |
Key figures of CHACON, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to CHACON?
What happened at CHACON in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
CHACON is active according to the CBE. Legal situation: Opening faillissement.
- Alain MOLINIE stepped down as director. NBB
- Frédéric PONT stepped down as director. NBB
- New annual accounts for financial year 2024: loss of € 1.4 million. Source: NBB ↗
- Alain MOLINIE became a director. NBB
- Frédéric PONT became a director. NBB
- New establishment in Wavre. KBO
- Start of the company according to the CBE. KBO
In short
From € 191,787 loss in 2021 to € 1.4 million loss in 2024.
Paid € 65,812 in corporate taxes since 2021.
Paid out € 1.2 million in dividends to the owners in total.
Pays suppliers within 86 days on average.
Management
The shares are held by VEOM GROUP SA (100%).
Directors
According to the 2024 annual accounts
Alain MOLINIE
Director
since 2024 · until 2030
Frédéric PONT
Director
since 2024 · until 2030
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Avenue Mercator 2
1300 Wavre
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0417.371.006
- VAT number
- BE 0417.371.006
- Registered office
- Avenue Mercator 2, 1300 Wavre
- Names & denominations
- CHACON
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Opening faillissement
- Start date
- 1 August 1977
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Groothandel in elektrisch materiaal, inclusief installatiemateriaal
Groothandel in elektrisch materiaal inclusief installatiemateriaal