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B2CONSULT

Active
Private limited companyfounded 2002active for 24 yearsChaussée de Charleroi 8A, 5030 Gembloux, Belgium10 active companies are registered at this addressKBO/BCE: BE 0478.467.247
Summary

B2CONSULT has been active since 2002 and the Belgian Official 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 about 7.4% per year across the filed financial years. Its solvency ranks better than 47% of 39,152 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Financials · financial year 2025, micro format

2025 annual accounts filed late (21 days) Filed on 21 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00412498.

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

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result turns negative in 2025: a loss of €22,261 after €7,980 in 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result-€22,261 2025 Net result-€20,961 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result-€2,643-€17,297€12,569▼ 27.3%-€32,284€16,210€32,351▲ 99.6%€7,980▼ 75.3%-€22,261
Net result-€4,994-€4,615€8,953within the sector's middle half▲ 94.0%-€60,188below the sector's middle half€6,441within the sector's middle half€39,597within the sector's middle half▲ 515%€15,657within the sector's middle half▼ 60.5%-€20,961below the sector's middle half
Equity€210,101-€214,716▲ 2.2%€162,233within the sector's middle half▼ 24.4%€102,045within the sector's middle half▼ 37.1%€108,485within the sector's middle half▲ 6.3%€135,482within the sector's middle half▲ 24.9%€151,139within the sector's middle half▲ 11.6%€130,238within the sector's middle half▼ 13.8%
Total assets€424,778-€421,460▼ 0.8%€448,268within the sector's middle half▲ 6.4%€349,530within the sector's middle half▼ 22.0%€174,411within the sector's middle half▼ 50.1%€225,197within the sector's middle half▲ 29.1%€264,407within the sector's middle half▲ 17.4%€248,863within the sector's middle half▼ 5.9%
Debt€214,677-€206,744▼ 3.7%€286,035▲ 38.4%€188,196▼ 34.2%€6,637▼ 96.5%€30,427▲ 358%€54,479▲ 79.1%€100,916▲ 85.2%
Working capital€52,307-€41,379▼ 20.9%-€125,998below the sector's middle half€150,747above the sector's middle half€128,553within the sector's middle half▼ 14.7%€170,896above the sector's middle half▲ 32.9%€50,996within the sector's middle half▼ 70.2%-€34,335below the sector's middle half
Solvency49.5%-50.9%▲ 1.5pp36.2%within the sector's middle half▼ 14.8pp29.2%within the sector's middle half▼ 7.0pp62.2%within the sector's middle half▲ 33.0pp60.2%within the sector's middle half▼ 2.0pp57.2%within the sector's middle half▼ 3.0pp52.3%within the sector's middle half▼ 4.8pp
Current ratio2.40-1.74▼ 0.660.13below the sector's middle half▼ 1.611.80within the sector's middle half▲ 1.6720.37above the sector's middle half▲ 18.576.62above the sector's middle half▼ 13.753.55within the sector's middle half▼ 3.060.47below the sector's middle half▼ 3.08
Return on assets (ROA)-1.2%-1.1%▲ 2.3pp2.0%within the sector's middle half▲ 0.9pp-17.2%below the sector's middle half▼ 19.2pp3.7%within the sector's middle half▲ 20.9pp17.6%within the sector's middle half▲ 13.9pp5.9%within the sector's middle half▼ 11.7pp-8.4%below the sector's middle half▼ 14.3pp
Staff (FTE)0.2-
above within below the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
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
2025 value · change against 2024
EBITDA
-€2,426▼
2024 · €20,271
Cash flow
-€1,126▼
2024 · €27,947
Debt to equity
0.77▲
2024 · 0.36
ROE
-16.1%▼
2024 · 10.4%
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 observation

Of the 12,322 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90.3% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.7% went bankrupt
8.6% stopped otherwise
90.3% still going

A further 0.5% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
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 74.5% 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 12,322 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 60 lines
Balance sheet Code20242025
Assets
Total assets20/58€264,407€248,863▼
Fixed assets21/28€193,429€218,378▲
Intangible fixed assets21-€22,733
Tangible fixed assets22/27€193,223€195,440▲
Land and buildings22€132,855€167,224▲
Plant, machinery and equipment23€44,520€19,980▼
Furniture and vehicles24€15,848€8,235▼
Financial fixed assets28€206€206=
Current assets29/58€70,978€30,484▼
Amounts receivable within one year40/41€28,460€22,686▼
Trade receivables40€10,903€16,140▲
Other amounts receivable41€17,557€6,546▼
Current investments50/53€42,440€2,440▼
Cash at bank and in hand54/58€78€5,240▲
Deferred charges and accrued income490/1-€119
Equity and liabilities
Total equity and liabilities10/49€264,407€248,863▼
Equity10/15€151,139€130,238▼
Contributions10/11€25,000€25,000=
Reserves13€185,156€61,914▼
Non-distributable reserves130/1€2,500€2,500=
Reserves not available under the articles1311€2,500€2,500=
Tax-exempt reserves132€182,656€59,414▼
Profit (loss) carried forward14-€59,018€43,324▲
Provisions and deferred taxes16€58,789€17,709▼
Deferred taxes168€58,789€17,709▼
Amounts payable17/49€54,479€100,916▲
Amounts payable after more than one year17€34,497€36,097▲
Financial debts170/4€34,497€24,655▼
Other amounts payable178/9-€11,442
Amounts payable within one year42/48€19,982€64,819▲
Current portion of amounts payable after more than one year42€9,433€9,842▲
Trade debts44€4,965€7,788▲
Suppliers440/4€4,965€7,788▲
Taxes, remuneration and social security45€2,516€47,190▲
Taxes450/3€2,193€44,997▲
Remuneration and social security454/9€323€2,193▲
Other amounts payable47/48€3,069-
Income statement Code20242025
Remuneration, social security and pensions62€3,052€25,560▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12,291€19,835▲
Other operating charges640/8€1,802€2,691▲
Gross operating margin9900€25,124€25,825▲
Operating profit (loss)9901€7,980-€22,261▼
Financial income75/76B€6,470€256▼
Recurring financial income75€2,443€256▼
Non-recurring financial income76B€4,027€0▼
Financial charges65/66B€1,833€1,877▲
Recurring financial charges65€1,729€1,877▲
Non-recurring financial charges66B€104-
Profit (loss) for the period before taxes9903€12,618-€23,882▼
Transfer from deferred taxes780€500€41,081▲
Income taxes67/77-€2,540€38,159▲
Profit (loss) for the period9904€15,657-€20,961▼
Transfer from tax-exempt reserves789€1,499€123,243▲
Profit (loss) for the period to be appropriated9905€17,155€102,282▲
Appropriation of the result
Profit (loss) to be appropriated9906-€214,459€43,324▲
Profit (loss) brought forward from the previous period14P-€231,614-€58,958▲
Transfer from equity791/2€155,441-
Transfer to equity691/2€0-
To the legal reserve6920€0-
To other reserves6921€0-

The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
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€16,871€17,038€16,947€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€53,254€43,182€38,128€198,951€20,927€41,213€25,124€25,825▲ 2.8%
Operating profit (loss)9901-€2,643€17,297€12,569-€32,284€16,210€32,351€7,980-€22,261-
Financial income75/76B---€32,218€3,775€11,826€6,470€256▼ 96.0%
Recurring financial income75€250€211€609€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€4,219€4,310€3,123€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-€6,612€13,198€10,054-€838€9,812€42,315€12,618-€23,882-
Transfer from deferred taxes780------€500€41,081▲ 82×
Transfer to deferred taxes680---€59,289-----
Income taxes67/77-€1,618€8,583€1,102€61€3,371€2,718-€2,540€38,159-
Profit (loss) for the period9904-€4,994€4,615€8,953-€60,188€6,441€39,597€15,657-€20,961-
Transfer from tax-exempt reserves789------€1,499€123,243▲ 82×
Transfer to tax-exempt reserves689---€177,867-----
Profit (loss) for the period to be appropriated9905-€4,994€4,615€8,953-€238,055€6,441€39,597€17,155€102,282▲ 496%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€424,778€421,460€448,268€349,530€174,411€225,197€264,407€248,863▼ 5.9%
Formation expenses20----€0----
Fixed assets21/28€335,066€323,928€429,888€10,587€39,221€23,874€193,429€218,378▲ 12.9%
Intangible fixed assets21€0€0--€0--€22,733-
Tangible fixed assets22/27€326,392€314,354€297,407€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€8,674€9,574€132,481€9,574€8,329€809€206€206=
Current assets29/58€89,712€97,532€18,380€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€26,403€22,342€12,513€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€61,436€61,436-€67,434€16,140€136,040€42,440€2,440▼ 94.3%
Cash at bank and in hand54/58€1,873€13,753€5,427€210,381€24,260€3,487€78€5,240▲ 67×
Deferred charges and accrued income490/1---€748€0€141-€119-
Equity and liabilities
Total equity and liabilities10/49€424,778€421,460€448,268€349,530€174,411€225,197€264,407€248,863▼ 5.9%
Equity10/15€210,101€214,716€162,233€102,045€108,485€135,482€151,139€130,238▼ 13.8%
Contributions10/11€25,000€25,000€25,000€25,000€25,000€25,000€25,000€25,000=
Capital10---€25,000€25,000----
Issued capital100---€25,000€25,000----
Reserves13€190,094€190,094€137,233€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-€4,994-€379--€238,055-€231,614-€231,614-€59,018€43,324-
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€214,677€206,744€286,035€188,196€6,637€30,427€54,479€100,916▲ 85.2%
Amounts payable after more than one year17€177,272€150,591€141,657---€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€37,405€56,153€144,379€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€1,423€963€9,082€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▲ 19×
Taxes450/3---€4,241€3,371€18,689€2,193€44,997▲ 21×
Remuneration and social security454/9------€323€2,193▲ 580%
Other amounts payable47/48---€168,916-€9,540€3,069--
Line20182019202020212022202320242025Change
Profit (loss) for the period9904-€4,994€4,615€8,953-€60,188€6,441€39,597€15,657-€20,961-
+ Depreciation and write-downs630€16,871€17,038€16,947€5,090€397€7,827€12,291€19,835▲ 61.4%
Operating cash flow (approximation)€11,878€21,653€25,900-€55,098€6,838€47,423€27,947-€1,126-
Investment in fixed assets (approximation)--€5,900-€122,907€414,211-€29,031€7,520-€181,845-€44,784▲ 75.4%
Change in cash-€11,880-€8,326€204,954-€186,122-€20,773-€3,408€5,161-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 23 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 micro format 21-08-2026 2026-00412498
31-12-2024 micro format 27-05-2025 2025-00106986
31-12-2023 micro format 21-05-2024 2024-00091052
31-12-2022 micro format 04-07-2023 2023-00196001
31-12-2021 micro format 18-05-2022 2022-20028762
31-12-2020 micro format 04-06-2021 2021-17100081
31-12-2019 micro format 22-05-2020 2020-12700540
31-12-2018 micro format 31-05-2019 2019-15400461
31-12-2017 micro format 18-06-2018 2018-18900152
31-12-2016 micro format 05-07-2017 2017-26600278

Show all 23 filings

Similar companies · same sector, comparable size

Of the 82,475 active companies whose main activity is business and other management consultancy (NACE 70200), figures are known for 54,350. 42,103 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.