Equity
BARNOWSA has made a profit in every financial year since 2021.
BARNOWSA has made a profit in every financial year since 2021.
The micro format states no turnover.
Short-term debts fell from €140,020 to €39,291.
The 2022 accounts came latest: 84 days after the end of the period.
Higher solvency than 89% of companies in head offices and management consultancy. Sector median 55.5% · 41,211 companies.
In July 2024, 26,969 companies had the same profile as BARNOWSA has now. Each dot stands for 68 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 26,969 companies, not a prediction for BARNOWSA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| BARNOWSA Brussels | €424,287 | €115,135 | 90.7% | - |
| KEEP RIDING Brussels | €367,421 | €122,197 | 0.0% | - |
| SUSTAINABILITY ADDICT Uccle | €407,998 | €127,338 | 0.7% | - |
| ROZANOWSKI CONSULTING Schaerbeek | €383,600 | €106,531 | 51.5% | 1 |
| ADAXION Uccle | €384,464 | €125,548 | 95.0% | - |
| EU FinTech PA Consult Sint-Gillis (bij-Brussel) | €394,949 | €102,639 | 3.1% | - |
| B. Canivet Consulting Watermael-Boitsfort | €417,881 | €126,971 | 89.0% | - |
These companies have the same main activity as BARNOWSA: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €367,000 and €418,000, founded in 2021.
BARNOWSA files the micro format. That format states no turnover. The gross margin rose from €75,660 in 2021 to €115,135 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €200,000. Estimated: probably between €160,000 and €230,000.
Higher than 89% of 41,211 companies in 2025.
Higher than 90% of 39,782 companies in 2025.
Higher than 64% of 40,303 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: middle half · Working capital: top quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
424,287 | 427,073 | 375,816 | 348,569 | 96,783 | |
21/28 |
387 | 431 | 677 | - | - | |
22/27 |
186 | 431 | 677 | - | - | |
23 |
186 | 431 | - | - | - | |
24 |
- | 0 | 677 | - | - | |
28 |
201 | - | - | - | - | |
29/58 |
423,900 | 426,642 | 375,140 | 348,569 | 96,783 | |
29 |
191,550 | 191,550 | 191,550 | 191,550 | - | |
291 |
191,550 | 191,550 | 191,550 | 191,550 | - | |
40/41 |
149,759 | 154,368 | 122,394 | 120,396 | 50,052 | |
40 |
- | 0 | 20,000 | 104,230 | - | |
41 |
149,759 | 154,368 | 102,394 | 16,166 | 50,052 | |
50/53 |
57,740 | 60,911 | 43,531 | 24,476 | 1,500 | |
54/58 |
150 | 2,666 | 6,249 | 6,439 | 45,231 | |
490/1 |
24,700 | 17,147 | 11,416 | 5,708 | - | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
424,287 | 427,073 | 375,816 | 348,569 | 96,783 | |
10/15 |
384,996 | 287,053 | 275,625 | 192,506 | 71,425 | |
10/11 |
10,000 | 10,000 | 10,000 | 10,000 | 10,000 | |
14 |
374,996 | 277,053 | 265,625 | 182,506 | 61,425 | |
17/49 |
39,291 | 140,020 | 100,191 | 156,063 | 25,358 | |
42/48 |
39,291 | 140,020 | 100,191 | 156,063 | 25,358 | |
43 |
2,111 | - | - | - | - | |
430/8 |
1,936 | - | - | - | - | |
439 |
175 | - | - | - | - | |
44 |
11,070 | 8,743 | 40,316 | 105,402 | 1,150 | |
440/4 |
11,070 | 8,743 | 40,316 | 105,402 | 1,150 | |
45 |
26,110 | 31,277 | 59,875 | 50,662 | 24,208 | |
450/3 |
26,110 | 31,277 | 59,875 | 50,662 | 24,208 | |
47/48 |
0 | 100,000 | - | - | - | |
| Income statement | ||||||
9900 |
115,135 | 131,851 | 93,786 | 153,633 | 75,660 | |
630 |
245 | 245 | 59 | - | - | |
640/8 |
450 | 433 | 65 | - | - | |
9901 |
114,440 | 131,173 | 93,662 | 153,633 | 75,660 | |
75/76B |
18,186 | 13,431 | 8,641 | 5,708 | 1,252 | |
75 |
18,186 | 13,431 | 8,641 | 5,708 | 1,252 | |
65/66B |
155 | -196 | -1,871 | 3,085 | - | |
65 |
155 | -196 | -1,871 | 3,085 | - | |
9903 |
132,471 | 144,799 | 104,174 | 156,256 | 76,912 | |
67/77 |
34,528 | 33,371 | 21,055 | 35,174 | 15,487 | |
9904 |
97,943 | 111,428 | 83,119 | 121,081 | 61,425 | |
9905 |
97,943 | 111,428 | 83,119 | 121,081 | 61,425 | |
| Appropriation of the result | ||||||
9906 |
374,996 | 377,053 | 265,625 | 182,506 | 61,425 | |
14P |
277,053 | 265,625 | 182,506 | 61,425 | - | |
694/7 |
0 | 100,000 | - | - | - | |
694 |
0 | 100,000 | - | - | - | |
| Document | ||||||
The notes to these accounts have 10 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 12-08-2026.
2025 annual accounts filed 12 days after the deadline. Filed on 12 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00410140.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 12-08-2026 | 2026-00410140 | |
| 31-12-2024 | micro format | 01-07-2025 | 2025-00205285 | |
| 31-12-2023 | micro format | 07-10-2024 | 2024-00496477 | |
| 31-12-2022 | micro format | 23-10-2023 | 2023-00490091 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20365443 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| 114,686 | 131,418 | 93,721 | - | - | ||
| 98,189 | 111,673 | 83,178 | - | - | ||
| 201 | 0 | 736 | - | - | ||
| -2,516 | -3,582 | -191 | -38,792 | - | ||
| 384,609 | 286,622 | 274,948 | 192,506 | 71,425 | ||
| 90.7% | 67.2% | 73.3% | 55.2% | 73.8% | ||
| 10.79 | 3.05 | 3.74 | 2.23 | 3.82 | ||
| 0.10 | 0.49 | 0.36 | 0.81 | 0.36 | ||
| 25.4% | 38.8% | 30.2% | 62.9% | 86.0% | ||
| 23.1% | 26.1% | 22.1% | 34.7% | 63.5% | ||
| over 100 | -670.53 | -50.10 | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | €736 | - | - |
| Financial fixed assets | €201 | - | - | - | - |
| €245 | €245 | €59 | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 13% lower than in 2024.
Debt's share of the balance-sheet total falls from 32.8% to 9.3%. Equity is higher and debt is lower.
BARNOWSA has no parent and no holdings in its annual accounts. is the only director. BARNOWSA shares no director with another company.
| SAFRHESI
establishment since 24-06-2019 · founded in 2019 · negative equity (2025) |
total assets €8.0m (2025) 0728.812.072 |
| TRANSEO INTERNATIONAL
registered office since 18-05-2011 · founded in 2011 |
1 FTE (2025) 0836.359.635 |
| MSC RACING EVENTS
registered office since 01-07-2021 · founded in 2021 · negative equity (2025) |
total assets €903,670 (2025) 0767.774.596 |
| MB FINANCIAL ADVISORY
registered office since 14-10-2026 |
founded in 2026 1044.053.857 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Naamsestraat 71 registered office 1000 Brussels 7020001 Business and other management consultancy | 24-03-2021 | 2.318.136.880 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21808H1887/00A000 | 2,020 m² | 1 · 1,204 m² | 25.6 m · 7 |
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