B2CONSULT
ActiveSummary
B2CONSULT has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €130,238 and a net result of -€20,961. Equity is shrinking by ~7.4% per year across the filed fiscal years. Its solvency ranks better than 47% of 31896 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability8▼-68
Solvency77▼-5
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity short (current ratio 0.47 against 3.55 in 2024; short-term debt: 26% and cash: 2.1% of total assets), and 47.7% of the assets are financed with debt.
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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 · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
21 d late
2024
65 d early
2023
71 d early
2022
27 d early
2021
74 d early
2020
57 d early
2019
70 d early
← 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 49 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€130,238▼ 13.8%
2024 · €151,139
Total assets
€248,863▼ 5.9%
2024 · €264,407
Net result
-€20,961
2024 · €15,657
Working capital
-€34,335
2024 · €50,996
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€32,284€16,210€32,351▲ 99.6%€7,980▼ 75.3%-€22,261
Net result-€60,188€6,441€39,597▲ 515%€15,657▼ 60.5%-€20,961
Equity€102,045▼ 37.1%€108,485▲ 6.3%€135,482▲ 24.9%€151,139▲ 11.6%€130,238▼ 13.8%
Total assets€349,530▼ 22.0%€174,411▼ 50.1%€225,197▲ 29.1%€264,407▲ 17.4%€248,863▼ 5.9%
Debt€188,196▼ 34.2%€6,637▼ 96.5%€30,427▲ 358%€54,479▲ 79.1%€100,916▲ 85.2%
Working capital€150,747€128,553▼ 14.7%€170,896▲ 32.9%€50,996▼ 70.2%-€34,335
Staff (FTE)
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2022 Total assets -50% on 2021. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €22,261 after €7,980 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €248,863
Fixed assets
€218,378 ▲ 12.9%
Current assets
€30,484 ▼ 57.1%
Equity and liabilities €248,863
Equity
€130,238 ▼ 13.8%
Provisions
€17,709 ▼ 69.9%
Debt
€100,916 ▲ 85.2%
Debt's share of the balance-sheet total rises from 20.6% to 40.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€2,426▼
2024 · €20,271
Cash flow
-€1,126▼
2024 · €27,947
Current ratio
0.47▼
2024 · 3.55
Debt to equity
0.77▲
2024 · 0.36
ROE
-16.1%▼
2024 · 10.4%
ROA
-8.4%▼
2024 · 5.9%
Interest coverage
-1.29▼
2024 · 11.72
Debt ≤ 1 year
€64,819▲
2024 · €19,982
Debt > 1 year
€36,097▲
2024 · €34,497
Income taxes
€38,159▲
2024 · -€2,540
Staff costs
€25,560▲
2024 · €3,052
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,304 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.6%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 12,304 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €239,340 | - | €0 | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €3,052 | €25,560 | ▲ 738% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,090 | €397 | €7,827 | €12,291 | €19,835 | ▲ 61.4% |
| Other operating charges640/8 | €2,918 | €1,909 | €1,035 | €1,802 | €2,691 | ▲ 49.4% |
| Non-recurring operating charges66A | €223,228 | €2,411 | - | - | - | - |
| Gross operating margin9900 | €198,951 | €20,927 | €41,213 | €25,124 | €25,825 | ▲ 2.8% |
| Operating profit (loss)9901 | -€32,284 | €16,210 | €32,351 | €7,980 | -€22,261 | ▼ 379% |
| Financial income75/76B | €32,218 | €3,775 | €11,826 | €6,470 | €256 | ▼ 96.0% |
| Recurring financial income75 | €2,187 | €3,775 | €3,447 | €2,443 | €256 | ▼ 89.5% |
| Non-recurring financial income76B | €30,032 | - | €8,380 | €4,027 | €0 | ▼ 100.0% |
| Financial charges65/66B | €773 | €10,173 | €1,863 | €1,833 | €1,877 | ▲ 2.4% |
| Recurring financial charges65 | €773 | €8,171 | €197 | €1,729 | €1,877 | ▲ 8.6% |
| Non-recurring financial charges66B | - | €2,001 | €1,666 | €104 | - | - |
| Profit (loss) for the period before taxes9903 | -€838 | €9,812 | €42,315 | €12,618 | -€23,882 | ▼ 289% |
| Transfer from deferred taxes780 | - | - | - | €500 | €41,081 | ▲ 8,124% |
| Transfer to deferred taxes680 | €59,289 | - | - | - | - | - |
| Income taxes67/77 | €61 | €3,371 | €2,718 | -€2,540 | €38,159 | ▲ 1,603% |
| Profit (loss) for the period9904 | -€60,188 | €6,441 | €39,597 | €15,657 | -€20,961 | ▼ 234% |
| Transfer from tax-exempt reserves789 | - | - | - | €1,499 | €123,243 | ▲ 8,124% |
| Transfer to tax-exempt reserves689 | €177,867 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€238,055 | €6,441 | €39,597 | €17,155 | €102,282 | ▲ 496% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €349,530 | €174,411 | €225,197 | €264,407 | €248,863 | ▼ 5.9% |
| Formation expenses20 | - | €0 | - | - | - | - |
| Fixed assets21/28 | €10,587 | €39,221 | €23,874 | €193,429 | €218,378 | ▲ 12.9% |
| Intangible fixed assets21 | - | €0 | - | - | €22,733 | - |
| Tangible fixed assets22/27 | €1,012 | €30,892 | €23,066 | €193,223 | €195,440 | ▲ 1.1% |
| Land and buildings22 | - | €0 | - | €132,855 | €167,224 | ▲ 25.9% |
| Plant, machinery and equipment23 | - | €0 | - | €44,520 | €19,980 | ▼ 55.1% |
| Furniture and vehicles24 | €1,012 | €30,892 | €23,066 | €15,848 | €8,235 | ▼ 48.0% |
| Leasing and similar rights25 | - | €0 | - | - | - | - |
| Other tangible fixed assets26 | - | €0 | - | - | - | - |
| Assets under construction and advance payments27 | - | €0 | - | - | - | - |
| Financial fixed assets28 | €9,574 | €8,329 | €809 | €206 | €206 | = |
| Current assets29/58 | €338,943 | €135,190 | €201,323 | €70,978 | €30,484 | ▼ 57.1% |
| Amounts receivable after more than one year29 | - | €67,615 | - | - | - | - |
| Trade receivables290 | - | €0 | - | - | - | - |
| Other amounts receivable291 | - | €67,615 | - | - | - | - |
| Amounts receivable within one year40/41 | €60,379 | €27,176 | €61,656 | €28,460 | €22,686 | ▼ 20.3% |
| Trade receivables40 | €6,092 | €4,030 | €8,803 | €10,903 | €16,140 | ▲ 48.0% |
| Other amounts receivable41 | €54,287 | €23,145 | €52,853 | €17,557 | €6,546 | ▼ 62.7% |
| Current investments50/53 | €67,434 | €16,140 | €136,040 | €42,440 | €2,440 | ▼ 94.3% |
| Cash at bank and in hand54/58 | €210,381 | €24,260 | €3,487 | €78 | €5,240 | ▲ 6,595% |
| Deferred charges and accrued income490/1 | €748 | €0 | €141 | - | €119 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €349,530 | €174,411 | €225,197 | €264,407 | €248,863 | ▼ 5.9% |
| Equity10/15 | €102,045 | €108,485 | €135,482 | €151,139 | €130,238 | ▼ 13.8% |
| Contributions10/11 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Capital10 | €25,000 | €25,000 | - | - | - | - |
| Issued capital100 | €25,000 | €25,000 | - | - | - | - |
| Reserves13 | €315,099 | €315,099 | €342,096 | €185,156 | €61,914 | ▼ 66.6% |
| Non-distributable reserves130/1 | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Legal reserve130 | €2,500 | €2,500 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €2,500 | €2,500 | €2,500 | = |
| Tax-exempt reserves132 | €184,155 | €184,155 | €184,155 | €182,656 | €59,414 | ▼ 67.5% |
| Distributable reserves133 | €128,445 | €128,445 | €155,441 | - | - | - |
| Profit (loss) carried forward14 | -€238,055 | -€231,614 | -€231,614 | -€59,018 | €43,324 | ▲ 173% |
| Provisions and deferred taxes16 | €59,289 | €59,289 | €59,289 | €58,789 | €17,709 | ▼ 69.9% |
| Deferred taxes168 | €59,289 | €59,289 | €59,289 | €58,789 | €17,709 | ▼ 69.9% |
| Amounts payable17/49 | €188,196 | €6,637 | €30,427 | €54,479 | €100,916 | ▲ 85.2% |
| Amounts payable after more than one year17 | - | - | - | €34,497 | €36,097 | ▲ 4.6% |
| Financial debts170/4 | - | - | - | €34,497 | €24,655 | ▼ 28.5% |
| Other amounts payable178/9 | - | - | - | - | €11,442 | - |
| Amounts payable within one year42/48 | €188,196 | €6,637 | €30,427 | €19,982 | €64,819 | ▲ 224% |
| Current portion of amounts payable after more than one year42 | €3,593 | - | - | €9,433 | €9,842 | ▲ 4.3% |
| Trade debts44 | €11,447 | €3,266 | €2,197 | €4,965 | €7,788 | ▲ 56.8% |
| Suppliers440/4 | €11,447 | €3,266 | €2,197 | €4,965 | €7,788 | ▲ 56.8% |
| Taxes, remuneration and social security45 | €4,241 | €3,371 | €18,689 | €2,516 | €47,190 | ▲ 1,776% |
| Taxes450/3 | €4,241 | €3,371 | €18,689 | €2,193 | €44,997 | ▲ 1,952% |
| Remuneration and social security454/9 | - | - | - | €323 | €2,193 | ▲ 580% |
| Other amounts payable47/48 | €168,916 | - | €9,540 | €3,069 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€60,188 | €6,441 | €39,597 | €15,657 | -€20,961 | ▼ 234% |
| + Depreciation and write-downs630 | €5,090 | €397 | €7,827 | €12,291 | €19,835 | ▲ 61.4% |
| Operating cash flow (approximation) | -€55,098 | €6,838 | €47,423 | €27,947 | -€1,126 | ▼ 104% |
| Investment in fixed assets (approximation) | - | -€29,031 | €7,520 | -€181,845 | -€44,784 | ▲ 75.4% |
| Change in cash | - | -€186,122 | -€20,773 | -€3,408 | €5,161 | ▲ 251% |
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
2026
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 21 days late
2025
27-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €150,000Eq €151,139 ▲11.6%
3 profitable years in a row build equity to €151,139.
21-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €39,597 ▲515%
Operating result €32,351, net result €39,597, both a record.
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €6,441
Net result €6,441 after one loss-making year.
31-12
Financial
Liquidity times 11current ratio 20.37
Current ratio from 1.80 to 20.37; short-term debt falls from €188,196 to €6,637.
18-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€60,188
Net result drops to -€60,188, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 14current ratio 1.80
Current ratio from 0.13 to 1.80.
04-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Show earlier events
2020
22-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €4,615
Net result €4,615 after one loss-making year.
31-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2015
27-07
State Gazette act
Director resignation · Director discharge
Director appointment · Permanent representative
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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, Gembloux · 1 establishment unit since 2002
Ground area
3,039 m²
Building footprint
734 m²
Parcel 92053A0306/00A000, Wallonia. Linked by address, not a title deed.
1 establishment unit
B2 Transmission
since 20022.115.145.871
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92053A0306/00A000 | Wallonia | 3,039 m² | 1 · 734 m² | - |
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.
Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 31-12-2021 list no shareholders, and no other source names one.
Holdings 2
-
10%
-
0.83%
According to the 2021 annual accounts of B2CONSULT and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
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Shareholding
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
2 locations
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 40,871 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
Founded02-10-2002
Fiscal year end31-12
Trade name FR
B2 Transmission
Activities, NACEBEL 2025
70200Business and other management consultancy
73200Market research and public opinion polling
Contact
Website
www.b2-transmission.be
Website
www.b2consult.be
E-mail
bw@b2consult.be
E-mail
info@b2-transmission.be
Phone
081625188
E-invoicing
Reachable via Peppol
Peppol ID
0208:0478467247
Also
9925:BE0478467247
Registered
10-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.