BACK2BE
ActiveSummary
BACK2BE has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €293,497 and a net result of €112,982, of which €85,976 non-recurring income. Equity is shrinking by about 3.8% per year across the filed financial years. Its solvency ranks better than 75% of 10,757 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Financials · financial year 2025, abbreviated format
Turnover
€439,237▼ 37.6%
2018 · €704,312
EBIT margin
2.9%▼ 8.8pp
2018 · 11.6%
Net result
€112,982
2024 · -€140,621
Working capital
€102,637▲ 36.5%
2024 · €75,204
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 3% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€439,237
2019
Operating result€44,152
2025
Net result€112,982
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€368,721
2025
Equity€293,497
2025
Debt€75,224
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€102,637
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin2.9%
2019
Return on assets (ROA)30.6%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency79.6%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio2.36
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)2.6
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), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€704,312-€439,237▼ 37.6%
Operating result€81,955-€12,586▼ 84.6%€44,388▲ 253%€13,778▼ 69.0%€10,786▼ 21.7%€14,017▲ 30.0%€45,569▲ 225%€44,152▼ 3.1%
Net result€75,569-€15,531▼ 79.4%€25,806within the sector's middle half▲ 66.2%-€28,100below the sector's middle half-€34,541below the sector's middle half▼ 22.9%€9,923within the sector's middle half-€140,621below the sector's middle half€112,982within the sector's middle half
EBIT margin11.6%-2.9%▼ 8.8pp
Equity€332,517-€348,048▲ 4.7%€373,854within the sector's middle half▲ 7.4%€345,754within the sector's middle half▼ 7.5%€311,213within the sector's middle half▼ 10.0%€321,136within the sector's middle half▲ 3.2%€180,515within the sector's middle half▼ 43.8%€293,497within the sector's middle half▲ 62.6%
Total assets€516,023-€453,896▼ 12.0%€465,307within the sector's middle half▲ 2.5%€663,294within the sector's middle half▲ 42.5%€573,627within the sector's middle half▼ 13.5%€549,487within the sector's middle half▼ 4.2%€265,491below the sector's middle half▼ 51.7%€368,721within the sector's middle half▲ 38.9%
Debt€183,506-€105,848▼ 42.3%€91,453▼ 13.6%€237,540▲ 160%€142,414▼ 40.0%€88,351▼ 38.0%€84,977▼ 3.8%€75,224▼ 11.5%
Working capital€304,051-€59,128▼ 80.6%€94,251within the sector's middle half▲ 59.4%€145,316within the sector's middle half▲ 54.2%€152,222within the sector's middle half▲ 4.8%€185,784within the sector's middle half▲ 22.0%€75,204within the sector's middle half▼ 59.5%€102,637within the sector's middle half▲ 36.5%
Solvency64.4%-76.7%▲ 12.2pp80.3%above the sector's middle half▲ 3.7pp52.1%within the sector's middle half▼ 28.2pp54.3%within the sector's middle half▲ 2.1pp58.4%within the sector's middle half▲ 4.2pp68.0%within the sector's middle half▲ 9.5pp79.6%above the sector's middle half▲ 11.6pp
Current ratio2.66-1.56▼ 1.102.03within the sector's middle half▲ 0.471.62within the sector's middle half▼ 0.412.08within the sector's middle half▲ 0.463.11above the sector's middle half▲ 1.031.88within the sector's middle half▼ 1.222.36within the sector's middle half▲ 0.48
Return on assets (ROA)14.6%-3.4%▼ 11.2pp5.5%within the sector's middle half▲ 2.1pp-4.2%below the sector's middle half▼ 9.8pp-6.0%below the sector's middle half▼ 1.8pp1.8%within the sector's middle half▲ 7.8pp-53.0%below the sector's middle half▼ 54.8pp30.6%above the sector's middle half▲ 83.6pp
Staff (FTE)6.8-5.8▼ 14.7%4.7within the sector's middle half▼ 19.0%4.7within the sector's middle half=3.7within the sector's middle half▼ 21.3%2.6within the sector's middle half▼ 29.7%2.6within the sector's middle half=2.6above the sector's middle half=
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.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €368,721
Fixed assets
€190,860 ▲ 81.2%
Current assets
€177,861 ▲ 11.0%
Equity and liabilities €368,721
Equity
€293,497 ▲ 62.6%
Debt
€75,224 ▼ 11.5%
Debt's share of the balance-sheet total falls from 32.0% to 20.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€44,579▼
2024 · €45,584
Cash flow
€113,409▲
2024 · -€140,606
Debt to equity
0.26▼
2024 · 0.47
ROE
38.5%▲
2024 · -77.9%
Interest coverage
7.40▼
2024 · 7.85
Debt ≤ 1 year
€75,224▼
2024 · €84,977
Income taxes
€11,121▼
2024 · €13,214
Staff costs
€176,211▼
2024 · €182,305
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €704,312 | €439,237 | - | - | - | - | - | - | - |
| Non-recurring operating income76A | - | - | €1 | €1,297 | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | €244,168 | €266,920 | €215,037 | €170,803 | €182,305 | €176,211 | ▼ 3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,482 | €14,872 | €13,124 | €3,859 | €4,065 | €835 | €15 | €427 | ▲ 28× |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | €148,934 | €7,435 | ▼ 95.0% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €80,000 | €40,000 | €20,000 | -€140,000 | €0 | - |
| Other operating charges640/8 | - | - | €9,736 | €16,194 | €15,965 | €1,684 | €1,296 | €608 | ▼ 53.1% |
| Non-recurring operating charges66A | - | - | - | - | €300 | €259 | €0 | - | - |
| Gross operating margin9900 | €442,039 | €311,785 | €311,416 | €380,751 | €286,153 | €207,598 | €238,120 | €228,833 | ▼ 3.9% |
| Operating profit (loss)9901 | €81,955 | €12,586 | €44,388 | €13,778 | €10,786 | €14,017 | €45,569 | €44,152 | ▼ 3.1% |
| Financial income75/76B | - | - | €1,110 | €1,083 | €7,578 | €5,538 | €4,964 | €85,976 | ▲ 17× |
| Recurring financial income75 | €4,478 | €3,001 | €1,110 | €1,083 | €884 | €566 | €0 | €85,976 | - |
| Non-recurring financial income76B | - | - | - | - | €6,693 | €4,972 | €4,964 | €85,976 | ▲ 17× |
| Financial charges65/66B | - | - | €92 | €4,302 | €10,495 | €3,135 | €177,939 | €6,025 | ▼ 96.6% |
| Recurring financial charges65 | €48 | €56 | €92 | €4,302 | €10,495 | €3,135 | €5,805 | €6,025 | ▲ 3.8% |
| Non-recurring financial charges66B | - | - | - | - | - | - | €172,135 | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | €86,344 | €15,531 | €45,406 | €10,559 | €7,868 | €16,421 | -€127,407 | €124,103 | - |
| Income taxes67/77 | €10,775 | - | €19,600 | €38,659 | €42,409 | €6,498 | €13,214 | €11,121 | ▼ 15.8% |
| Profit (loss) for the period9904 | €75,569 | €15,531 | €25,806 | -€28,100 | -€34,541 | €9,923 | -€140,621 | €112,982 | - |
| Profit (loss) for the period to be appropriated9905 | €75,569 | €15,531 | €25,806 | -€28,100 | -€34,541 | €9,923 | -€140,621 | €112,982 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €516,023 | €453,896 | €465,307 | €663,294 | €573,627 | €549,487 | €265,491 | €368,721 | ▲ 38.9% |
| Fixed assets21/28 | €28,466 | €288,920 | €279,603 | €283,693 | €280,317 | €275,640 | €105,311 | €190,860 | ▲ 81.2% |
| Intangible fixed assets21 | €18,528 | €8,333 | €25 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €8,049 | €3,372 | €2,364 | €6,478 | €3,102 | €0 | €2,120 | €1,693 | ▼ 20.1% |
| Plant, machinery and equipment23 | - | - | - | - | - | - | €2,120 | €1,693 | ▼ 20.1% |
| Furniture and vehicles24 | - | - | €2,364 | €6,478 | €3,102 | €0 | - | - | - |
| Financial fixed assets28 | €1,889 | €277,215 | €277,215 | €277,215 | €277,215 | €275,640 | €103,191 | €189,167 | ▲ 83.3% |
| Current assets29/58 | €487,557 | €164,976 | €185,704 | €379,602 | €293,310 | €273,847 | €160,180 | €177,861 | ▲ 11.0% |
| Amounts receivable after more than one year29 | - | - | €28,870 | €20,800 | €0 | - | - | - | - |
| Trade receivables290 | - | - | €28,870 | €20,800 | €0 | - | - | - | - |
| Amounts receivable within one year40/41 | €84,539 | €65,625 | €111,135 | €353,486 | €255,146 | €262,515 | €130,662 | €153,324 | ▲ 17.3% |
| Trade receivables40 | - | - | €61,368 | €155,692 | €55,541 | €61,761 | €77,541 | €108,085 | ▲ 39.4% |
| Other amounts receivable41 | - | - | €49,767 | €197,794 | €199,605 | €200,755 | €53,121 | €45,240 | ▼ 14.8% |
| Cash at bank and in hand54/58 | €102,933 | €62,124 | €40,469 | €5,316 | €33,695 | €3,759 | €24,435 | €20,945 | ▼ 14.3% |
| Deferred charges and accrued income490/1 | - | - | €5,230 | €0 | €4,470 | €7,573 | €5,084 | €3,591 | ▼ 29.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €516,023 | €453,896 | €465,307 | €663,294 | €573,627 | €549,487 | €265,491 | €368,721 | ▲ 38.9% |
| Equity10/15 | €332,517 | €348,048 | €373,854 | €345,754 | €311,213 | €321,136 | €180,515 | €293,497 | ▲ 62.6% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €1,240 | €1,240 | €1,240 | €1,240 | €1,240 | €1,240 | €1,240 | €1,240 | = |
| Non-distributable reserves130/1 | - | - | €1,240 | €1,240 | €1,240 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,240 | €1,240 | €1,240 | €0 | - | - | - |
| Distributable reserves133 | - | - | - | - | - | €1,240 | €1,240 | €1,240 | = |
| Profit (loss) carried forward14 | €318,877 | €334,408 | €360,214 | €332,114 | €297,573 | €307,496 | €166,875 | €279,857 | ▲ 67.7% |
| Provisions and deferred taxes16 | - | - | - | €80,000 | €120,000 | €140,000 | €0 | - | - |
| Provisions for liabilities and charges160/5 | - | - | - | €80,000 | €120,000 | €140,000 | €0 | - | - |
| Environmental obligations163 | - | - | - | €80,000 | €120,000 | €140,000 | €0 | - | - |
| Amounts payable17/49 | €183,506 | €105,848 | €91,453 | €237,540 | €142,414 | €88,351 | €84,977 | €75,224 | ▼ 11.5% |
| Amounts payable within one year42/48 | €183,506 | €105,848 | €91,453 | €234,285 | €141,088 | €88,063 | €84,977 | €75,224 | ▼ 11.5% |
| Financial debts43 | - | - | €0 | €0 | - | - | - | - | - |
| Credit institutions430/8 | - | - | €0 | €0 | - | - | - | - | - |
| Trade debts44 | €27,433 | €6,261 | €8,180 | €35,467 | €36,573 | €21,761 | €18,099 | €9,540 | ▼ 47.3% |
| Suppliers440/4 | - | - | €8,180 | €35,467 | €36,573 | €21,761 | €18,099 | €9,540 | ▼ 47.3% |
| Taxes, remuneration and social security45 | - | - | €83,273 | €198,818 | €79,515 | €40,052 | €46,878 | €45,685 | ▼ 2.5% |
| Taxes450/3 | - | - | €42,295 | €158,892 | €62,770 | €14,001 | €18,588 | €19,591 | ▲ 5.4% |
| Remuneration and social security454/9 | - | - | €40,978 | €39,926 | €16,745 | €26,052 | €28,290 | €26,093 | ▼ 7.8% |
| Other amounts payable47/48 | - | - | - | - | €25,000 | €26,250 | €20,000 | €20,000 | = |
| Accrued charges and deferred income492/3 | - | - | - | €3,255 | €1,326 | €288 | €0 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €75,569 | €15,531 | €25,806 | -€28,100 | -€34,541 | €9,923 | -€140,621 | €112,982 | - |
| + Depreciation and write-downs630 | €15,482 | €14,872 | €13,124 | €3,859 | €4,065 | €835 | €15 | €427 | ▲ 28× |
| Operating cash flow (approximation) | €91,051 | €30,403 | €38,930 | -€24,241 | -€30,476 | €10,757 | -€140,606 | €113,409 | - |
| Investment in fixed assets (approximation) | - | -€275,326 | -€3,808 | -€7,948 | -€690 | €3,843 | €170,314 | -€85,976 | - |
| Change in cash | - | -€40,809 | -€21,655 | -€35,153 | €28,379 | -€29,936 | €20,677 | -€3,490 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 11 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 15-07-2026 | 2026-00300841 |
| 31-12-2024 | full format | 12-08-2025 | 2025-00377059 |
| 31-12-2023 | full format | 13-08-2024 | 2024-00345803 |
| 31-12-2022 | full format | 20-07-2023 | 2023-00259045 |
| 31-12-2021 | full format | 28-11-2022 | 2022-20531932 |
| 31-12-2020 | full format | 13-10-2022 | 2022-20460939 |
| 31-12-2019 | full format | 21-07-2021 | 2021-37900560 |
| 31-12-2018 | full format | 29-10-2019 | 2019-71600222 |
| 31-12-2017 | full format | 29-10-2018 | 2018-70500215 |
| 31-12-2016 | full format | 24-08-2017 | 2017-47100448 |
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Of the 82,448 active companies whose main activity is business and other management consultancy (NACE 70200), figures are known for 54,254. 39,038 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.