ACTE 4
ActiveSummary
ACTE 4 has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €12,900 and a net result of €2,442. Equity is growing by ~4.5% per year across the filed fiscal years. Its solvency ranks better than 32% of 31958 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▲+16
Solvency58▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.42 against 0.23 in 2024; short-term debt: 51.5% and cash: 9.2% of total assets), and 67.3% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 17-12-2025, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
45 d early
2024
49 d early
2023
14 d late
2022
5 d early
2021
4 d late
2020
4 d early
2019
3 d late
← 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 12 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 26 January (4 of the last 5 filed years within 40 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, micro schema
Equity
€12,900▲ 23.4%
2024 · €10,457
Total assets
€39,419▼ 8.1%
2024 · €42,873
Net result
€2,442
2024 · -€3,004
Working capital
-€11,838▲ 10.3%
2024 · -€13,204
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€5,422▼ 1,083%-€7,742▼ 42.8%€2,210-€1,505€3,938
Net result-€5,982below the sector's middle half-€8,358below the sector's middle half▼ 39.7%€15,738within the sector's middle half-€3,004below the sector's middle half€2,442below the sector's middle half
Equity€6,081below the sector's middle half▼ 49.6%-€2,277below the sector's middle half€13,461below the sector's middle half€10,457below the sector's middle half▼ 22.3%€12,900below the sector's middle half▲ 23.4%
Total assets€24,373below the sector's middle half▼ 41.5%€8,003below the sector's middle half▼ 67.2%€54,720below the sector's middle half▲ 584%€42,873below the sector's middle half▼ 21.7%€39,419below the sector's middle half▼ 8.1%
Debt€18,293▼ 38.3%€10,280▼ 43.8%€41,259▲ 301%€32,415▼ 21.4%€26,519▼ 18.2%
Working capital-€4,273below the sector's middle half-€7,552below the sector's middle half▼ 76.7%-€11,733below the sector's middle half▼ 55.4%-€13,204below the sector's middle half▼ 12.5%-€11,838below the sector's middle half▲ 10.3%
Solvency24.9%below the sector's middle half▼ 4.0pp-28.4%below the sector's middle half▼ 53.4pp24.6%below the sector's middle half▲ 53.0pp24.4%below the sector's middle half▼ 0.2pp32.7%within the sector's middle half▲ 8.3pp
Current ratio0.77below the sector's middle half▼ 0.420.27below the sector's middle half▼ 0.500.32below the sector's middle half▲ 0.060.23below the sector's middle half▼ 0.090.42below the sector's middle half▲ 0.19
Return on assets (ROA)-24.5%below the sector's middle half▼ 33.2pp-104.4%below the sector's middle half▼ 79.9pp28.8%within the sector's middle half▲ 133.2pp-7.0%below the sector's middle half▼ 35.8pp6.2%within the sector's middle half▲ 13.2pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €3,938 after a loss of €1,505 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €39,419
Fixed assets
€30,966 ▼ 20.5%
Current assets
€8,452 ▲ 114%
Equity and liabilities €39,419
Equity
€12,900 ▲ 23.4%
Debt
€26,519 ▼ 18.2%
Debt's share of the balance-sheet total falls from 75.6% to 67.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€14,254▲
2024 · €8,710
Cash flow
€12,758▲
2024 · €7,212
Debt to equity
2.06▼
2024 · 3.10
ROE
18.9%▲
2024 · -28.7%
Interest coverage
14.60▲
2024 · 6.54
Debt ≤ 1 year
€20,291▲
2024 · €17,150
Debt > 1 year
€6,228▼
2024 · €15,265
Income taxes
€519▲
2024 · €166
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,696 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,079 | €8,135 | €3,633 | €10,216 | €10,316 | ▲ 1.0% |
| Other operating charges640/8 | - | €794 | €1,438 | €670 | €486 | ▼ 27.5% |
| Gross operating margin9900 | €3,096 | €1,187 | €7,281 | €9,380 | €14,740 | ▲ 57.1% |
| Operating profit (loss)9901 | -€5,422 | -€7,742 | €2,210 | -€1,505 | €3,938 | ▲ 362% |
| Financial income75/76B | - | - | €16,255 | - | - | - |
| Recurring financial income75 | - | - | €16,255 | - | - | - |
| Non-recurring financial income76B | - | - | €16,255 | - | - | - |
| Financial charges65/66B | - | €223 | €614 | €1,332 | €977 | ▼ 26.7% |
| Recurring financial charges65 | €245 | €223 | €614 | €1,332 | €977 | ▼ 26.7% |
| Profit (loss) for the period before taxes9903 | -€5,668 | -€7,965 | €17,851 | -€2,837 | €2,962 | ▲ 204% |
| Income taxes67/77 | €314 | €393 | €2,113 | €166 | €519 | ▲ 212% |
| Profit (loss) for the period9904 | -€5,982 | -€8,358 | €15,738 | -€3,004 | €2,442 | ▲ 181% |
| Profit (loss) for the period to be appropriated9905 | -€5,982 | -€8,358 | €15,738 | -€3,004 | €2,442 | ▲ 181% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €24,373 | €8,003 | €54,720 | €42,873 | €39,419 | ▼ 8.1% |
| Fixed assets21/28 | €10,354 | €5,275 | €49,143 | €38,927 | €30,966 | ▼ 20.5% |
| Tangible fixed assets22/27 | €10,354 | €5,275 | €49,143 | €38,927 | €30,966 | ▼ 20.5% |
| Furniture and vehicles24 | - | €5,275 | €49,143 | €38,927 | €30,966 | ▼ 20.5% |
| Current assets29/58 | €14,020 | €2,728 | €5,577 | €3,945 | €8,452 | ▲ 114% |
| Amounts receivable within one year40/41 | €846 | €727 | €1,856 | €1,171 | €3,418 | ▲ 192% |
| Trade receivables40 | - | €693 | €679 | €1,171 | €3,410 | ▲ 191% |
| Other amounts receivable41 | - | €35 | €1,177 | - | €8 | - |
| Cash at bank and in hand54/58 | €11,878 | €2,001 | €2,669 | €1,651 | €3,610 | ▲ 119% |
| Deferred charges and accrued income490/1 | - | - | €1,053 | €1,123 | €1,425 | ▲ 26.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €24,373 | €8,003 | €54,720 | €42,873 | €39,419 | ▼ 8.1% |
| Equity10/15 | €6,081 | -€2,277 | €13,461 | €10,457 | €12,900 | ▲ 23.4% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €1,491 | €1,491 | €1,491 | €1,491 | €1,491 | = |
| Non-distributable reserves130/1 | - | €1,491 | €1,491 | - | - | - |
| Reserves not available under the articles1311 | - | €1,491 | €1,491 | - | - | - |
| Distributable reserves133 | - | - | - | €1,491 | €1,491 | = |
| Profit (loss) carried forward14 | -€7,811 | -€16,168 | -€430 | -€3,434 | -€992 | ▲ 71.1% |
| Amounts payable17/49 | €18,293 | €10,280 | €41,259 | €32,415 | €26,519 | ▼ 18.2% |
| Amounts payable after more than one year17 | - | - | €23,949 | €15,265 | €6,228 | ▼ 59.2% |
| Financial debts170/4 | - | - | €23,949 | €15,265 | €6,228 | ▼ 59.2% |
| Amounts payable within one year42/48 | €18,293 | €10,280 | €17,310 | €17,150 | €20,291 | ▲ 18.3% |
| Current portion of amounts payable after more than one year42 | - | - | €8,340 | €8,683 | €9,037 | ▲ 4.1% |
| Trade debts44 | - | €119 | €134 | €757 | €4,061 | ▲ 437% |
| Suppliers440/4 | - | €119 | €134 | €757 | €4,061 | ▲ 437% |
| Taxes, remuneration and social security45 | - | €963 | €2,113 | €987 | €570 | ▼ 42.2% |
| Taxes450/3 | - | €963 | €2,113 | €987 | €570 | ▼ 42.2% |
| Other amounts payable47/48 | - | €9,198 | €6,723 | €6,723 | €6,622 | ▼ 1.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,982 | -€8,358 | €15,738 | -€3,004 | €2,442 | ▲ 181% |
| + Depreciation and write-downs630 | €8,079 | €8,135 | €3,633 | €10,216 | €10,316 | ▲ 1.0% |
| Operating cash flow (approximation) | €2,097 | -€222 | €19,371 | €7,212 | €12,758 | ▲ 76.9% |
| Investment in fixed assets (approximation) | - | -€3,056 | -€47,501 | €0 | -€2,355 | - |
| Change in cash | - | -€9,877 | €668 | -€1,018 | €1,959 | ▲ 292% |
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
2025
17-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Back to profitnet €2,442
Net result €2,442 after one loss-making year.
2024
13-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
14-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 14 days late
2023
30-06
Financial
Back to profitnet €15,738
Net result €15,738 after 2 loss-making years.
26-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Weakest financial yearnet -€8,358
Net result drops to -€8,358, the lowest in the series; recovery starts the following year.
04-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 4 days late
2021
27-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Back to profitnet €3,628
Net result €3,628 after one loss-making year.
03-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 3 days late
2019
14-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 14 days late
2018
25-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
16-01
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 2 acts read
About the unread acts
We know of 2 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
2 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, Blégny · 1 establishment unit since 2013
Ground area
2,021 m²
Building footprint
116 m²
Volume, LiDAR
480 m³
Parcel 62095C0174/00M000, Wallonia · tallest building 6.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ACTE 4
since 20132.219.108.491
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62095C0174/00M000 | Wallonia | 2,021 m² | 1 · 116 m² | 6.6 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 82,641 companies in sector 70200 we hold annual accounts for 52,623. 25,805 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
Founded24-05-2013
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
82100Office administrative and support services
82300Organisation of conventions and trade shows
85599Other education
E-invoicing
Reachable via Peppol
Peppol ID
0208:0534704382
Also
9925:BE0534704382
Registered
08-04-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.