Summary
BELIVING has been active since 2010 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €19.4m and a net result of €2.5m. Equity is growing by about 71% per year across the filed financial years. The computed 12-month bankruptcy probability is 1.2% (low).
Financials · financial year 2024, full format, standalone accounts, 2025 accounts filed, figures not processed yet
In the rankings
#8 company by staff growth in East Flanders, Head offices and management consultancy sector
Turnover
€22.3m▲ 5.2%
2023 · €21.2m
EBIT margin
-12.3%▲ 6.5pp
2023 · -18.8%
Net result
€2.5m
2023 · -€4.7m
Working capital
-€27.4m▲ 27.7%
2023 · -€37.9m
Trend over the years
2020 to 2024, 5 financial years 2019 to 2024, 6 financial years
The operating result stays negative: a loss of €2.7m in 2024 against €4.0m in 2023; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€22.3m
2024
Operating result-€2.7m
2024
Net result€2.5m
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€67.6m
2024
Equity€19.4m
2024
Debt€48.2m
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€27.4m
2024
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin-12.3%
2024
Return on assets (ROA)3.7%
2024
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency28.7%
2024
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.07
2024
Average staff in full-time equivalents (FTE).
Staff (FTE)69
2024
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
Line201920202021202220232024
Turnover€0.005m-€6.8m▲ 142,108%€26.7m▲ 295%€24.4m▼ 8.5%€21.2m▼ 13.4%€22.3m▲ 5.2%
Operating result€0.001m-€2.6m▲ 179,208%€7.3m▲ 186%-€3.2m-€4.0m▼ 25.0%-€2.7m▲ 31.1%
Net result€0.02m-€0.6mabove the sector's middle half▲ 3,276%€16.1mabove the sector's middle half▲ 2,400%-€3.6mbelow the sector's middle half-€4.7mbelow the sector's middle half▼ 31.9%€2.5mabove the sector's middle half
EBIT margin30.0%-37.9%▲ 7.8pp27.4%▼ 10.5pp-13.1%▼ 40.5pp-18.8%▼ 5.8pp-12.3%▲ 6.5pp
Equity€0.008m-€8.5mabove the sector's middle half▲ 108,067%€9.7mabove the sector's middle half▲ 13.0%€6.1mabove the sector's middle half▼ 36.9%€10.4mabove the sector's middle half▲ 70.6%€19.4mabove the sector's middle half▲ 86.5%
Total assets€0.03m-€56.6mabove the sector's middle half▲ 194,280%€121.4mabove the sector's middle half▲ 114%€81.5mabove the sector's middle half▼ 32.8%€80.9mabove the sector's middle half▼ 0.8%€67.6mabove the sector's middle half▼ 16.4%
Debt€0.02m-€48.0m▲ 225,985%€111.7m▲ 133%€75.4m▼ 32.4%€70.4m▼ 6.6%€48.2m▼ 31.6%
Working capital€0.006m-€19.5mabove the sector's middle half▲ 316,428%-€32.4mbelow the sector's middle half-€44.2mbelow the sector's middle half▼ 36.5%-€37.9mbelow the sector's middle half▲ 14.3%-€27.4mbelow the sector's middle half▲ 27.7%
Solvency27.1%-15.1%below the sector's middle half▼ 12.0pp8.0%below the sector's middle half▼ 7.1pp7.5%below the sector's middle half▼ 0.5pp12.9%below the sector's middle half▲ 5.4pp28.7%within the sector's middle half▲ 15.8pp
Current ratio7.74-14.47above the sector's middle half▲ 6.730.62within the sector's middle half▼ 13.850.06below the sector's middle half▼ 0.560.06below the sector's middle half=0.07below the sector's middle half▲ 0.01
Return on assets (ROA)65.6%-1.1%within the sector's middle half▼ 64.4pp13.3%above the sector's middle half▲ 12.1pp-4.4%below the sector's middle half▼ 17.6pp-5.8%below the sector's middle half▼ 1.4pp3.7%within the sector's middle half▲ 9.5pp
Staff (FTE)32.5above the sector's middle half41above the sector's middle half▲ 26.2%62.8above the sector's middle half▲ 53.2%69.2above the sector's middle half▲ 10.2%69above the sector's middle half▼ 0.3%
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.
Why a figure moved sharply
- 2024 Equity +87% on 2023. Partial demerger to EXTERIOO GROUP, effective 30-09-2024. Capital increase of €4,000,000 (Official Gazette 03-10-2023).
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €67.6m
Fixed assets
€65.6m ▼ 16.5%
Current assets
€2.0m ▼ 13.1%
Equity and liabilities €67.6m
Equity
€19.4m ▲ 86.5%
Provisions
€31,831 ▼ 55.2%
Debt
€48.2m ▼ 31.6%
Debt's share of the balance-sheet total falls from 87.1% to 71.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
-€489,664▲
2023 · -€1.5m
Cash flow
€4.8m▲
2023 · -€2.2m
Debt to equity
2.48▼
2023 · 6.77
ROE
12.9%▲
2023 · -45.1%
Interest coverage
-0.14▲
2023 · -0.47
Debt ≤ 1 year
€29.4m▼
2023 · €40.2m
Debt > 1 year
€18.4m▼
2023 · €29.6m
Income taxes
€10,183▼
2023 · €10,661
Staff costs
€6.4m▲
2023 · €6.0m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Operating income70/76A | €0.005m | - | - | €25.2m | €22.6m | €24.1m | ▲ 6.6% |
| Turnover70 | €0.005m | €6.8m | €26.7m | €24.4m | €21.2m | €22.3m | ▲ 5.2% |
| Own construction capitalised72 | - | - | - | - | - | €0.06m | - |
| Other operating income74 | €83 | - | - | €0.7m | €1.3m | €1.1m | ▼ 17.4% |
| Non-recurring operating income76A | €6 | - | - | €0.003m | €0.2m | €0.7m | ▲ 348% |
| Operating charges60/66A | €0.003m | - | - | €28.3m | €26.6m | €26.8m | ▲ 1.0% |
| Goods for resale, raw materials and consumables60 | - | - | - | - | €0.01m | €26 | ▼ 99.7% |
| Purchases600/8 | - | - | - | - | €0.01m | €26 | ▼ 99.7% |
| Services and other goods61 | €0.001m | - | - | €19.0m | €16.9m | €17.5m | ▲ 3.4% |
| Remuneration, social security and pensions62 | €0.002m | - | - | €5.3m | €6.0m | €6.4m | ▲ 6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €177 | €0.2m | €0.3m | €1.7m | €2.5m | €2.3m | ▼ 9.7% |
| Other operating charges640/8 | €1 | - | - | €0.2m | €0.5m | €0.3m | ▼ 42.0% |
| Non-recurring operating charges66A | €192 | - | - | €2.1m | €0.6m | €0.3m | ▼ 38.9% |
| Operating profit (loss)9901 | €0.001m | €2.6m | €7.3m | -€3.2m | -€4.0m | -€2.7m | ▲ 31.1% |
| Financial income75/76B | €0.02m | - | - | €1.5m | €2.5m | €8.7m | ▲ 249% |
| Recurring financial income75 | €0.02m | €0.5m | €12.0m | €1.5m | €1.4m | €8.7m | ▲ 531% |
| Income from financial fixed assets750 | €0.02m | - | - | €1.5m | €0 | €8.7m | - |
| Income from current assets751 | €14 | - | - | €0.01m | €1.4m | €0 | ▼ 100% |
| Other financial income752/9 | €1 | - | - | €24 | €11 | €0 | ▼ 98.1% |
| Non-recurring financial income76B | - | - | - | - | €1.1m | €0 | ▼ 100% |
| Financial charges65/66B | €427 | - | - | €1.9m | €3.2m | €3.5m | ▲ 8.4% |
| Recurring financial charges65 | €427 | €1.8m | €1.5m | €1.9m | €3.2m | €3.5m | ▲ 8.4% |
| Debt charges650 | €426 | €1.2m | €1.5m | €1.8m | €3.2m | €3.4m | ▲ 7.7% |
| Other financial charges652/9 | €0 | - | - | €0.01m | €0.04m | €0.06m | ▲ 67.0% |
| Non-recurring financial charges66B | €0 | - | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €0.02m | €1.2m | €17.8m | -€3.6m | -€4.7m | €2.5m | - |
| Income taxes67/77 | €460 | €0.6m | €1.7m | €0.008m | €0.01m | €0.01m | ▼ 4.5% |
| Taxes670/3 | €460 | - | - | €0.008m | €0.01m | €0.01m | ▼ 7.2% |
| Tax adjustments and reversals of tax provisions77 | €0 | - | - | €0 | €312 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €0.02m | €0.6m | €16.1m | -€3.6m | -€4.7m | €2.5m | - |
| Profit (loss) for the period to be appropriated9905 | €0.02m | €0.6m | €16.1m | -€3.6m | -€4.7m | €2.5m | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €0.03m | €56.6m | €121.4m | €81.5m | €80.9m | €67.6m | ▼ 16.4% |
| Fixed assets21/28 | €0.02m | €35.6m | €68.5m | €78.7m | €78.6m | €65.6m | ▼ 16.5% |
| Intangible fixed assets21 | €140 | €0.2m | €0.4m | €2.6m | €3.1m | €2.6m | ▼ 15.0% |
| Tangible fixed assets22/27 | €185 | €0.1m | €1.4m | €2.1m | €1.3m | €1.1m | ▼ 16.1% |
| Plant, machinery and equipment23 | €92 | - | - | €1.0m | €0.6m | €0.6m | ▲ 14.4% |
| Furniture and vehicles24 | €32 | - | - | €0.005m | €0.003m | €0.003m | ▼ 3.2% |
| Other tangible fixed assets26 | €61 | - | - | €1.0m | €0.7m | €0.4m | ▼ 39.3% |
| Assets under construction and advance payments27 | - | - | - | €0.1m | €0 | - | - |
| Financial fixed assets28 | €0.02m | €35.4m | €66.7m | €74.0m | €74.2m | €61.9m | ▼ 16.6% |
| Affiliated companies280/1 | €0.02m | - | - | €74.0m | €74.2m | €61.9m | ▼ 16.6% |
| Participating interests280 | €0.009m | - | - | €9.5m | €14.2m | €14.2m | = |
| Amounts receivable281 | €0.01m | - | - | €64.5m | €60.0m | €47.7m | ▼ 20.5% |
| Current assets29/58 | €0.007m | €20.9m | €52.9m | €2.8m | €2.3m | €2.0m | ▼ 13.1% |
| Stocks and contracts in progress3 | - | €0 | €0 | €0 | €0 | €0 | - |
| Amounts receivable within one year40/41 | €289 | €0.8m | €49.2m | €2.4m | €1.9m | €1.0m | ▼ 45.4% |
| Trade receivables40 | €131 | - | - | €0.2m | €1.2m | €0.5m | ▼ 58.3% |
| Other amounts receivable41 | €158 | - | - | €2.1m | €0.7m | €0.5m | ▼ 22.2% |
| Current investments50/53 | €0.001m | €0 | - | - | - | - | - |
| Other investments51/53 | €0.001m | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.006m | €20.2m | €3.3m | €0.03m | €0.05m | €0.09m | ▲ 92.5% |
| Deferred charges and accrued income490/1 | €13 | - | - | €0.4m | €0.4m | €0.9m | ▲ 141% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €0.03m | €56.6m | €121.4m | €81.5m | €80.9m | €67.6m | ▼ 16.4% |
| Equity10/15 | €0.008m | €8.5m | €9.7m | €6.1m | €10.4m | €19.4m | ▲ 86.5% |
| Contributions10/11 | €0.003m | €3.1m | €3.1m | €3.1m | €12.1m | €18.6m | ▲ 53.5% |
| Capital10 | €0.003m | - | - | €3.1m | €12.1m | €18.6m | ▲ 53.5% |
| Issued capital100 | €0.003m | - | - | €3.1m | €12.1m | €18.6m | ▲ 53.5% |
| Reserves13 | €0.005m | €5.4m | €6.5m | €0.5m | €0.5m | €0.5m | ▲ 3.2% |
| Non-distributable reserves130/1 | - | - | - | €0.5m | €0.5m | €0.5m | ▲ 3.2% |
| Legal reserve130 | €314 | - | - | €0.3m | €0.3m | €0.3m | ▲ 4.8% |
| Reserves not available under the articles1311 | €150 | - | - | €0.2m | €0.2m | €0.2m | = |
| Distributable reserves133 | €0.004m | - | - | €0 | - | - | - |
| Profit (loss) carried forward14 | - | - | - | €2.5m | -€2.2m | €0.3m | - |
| Provisions and deferred taxes16 | - | €0.08m | €0.05m | €0 | €0.07m | €0.03m | ▼ 55.2% |
| Provisions for liabilities and charges160/5 | - | - | - | €0 | €0.07m | €0.03m | ▼ 55.2% |
| Other liabilities and charges164/5 | - | - | - | €0 | €0.07m | €0.03m | ▼ 55.2% |
| Amounts payable17/49 | €0.02m | €48.0m | €111.7m | €75.4m | €70.4m | €48.2m | ▼ 31.6% |
| Amounts payable after more than one year17 | €0.02m | €45.9m | €25.8m | €27.7m | €29.6m | €18.4m | ▼ 37.7% |
| Financial debts170/4 | €0.02m | - | - | €22.7m | €21.2m | €15.7m | ▼ 25.8% |
| Subordinated loans170 | - | - | - | €8.0m | €4.0m | €0 | ▼ 100% |
| Credit institutions173 | €0.02m | - | - | €14.7m | €17.2m | €15.7m | ▼ 8.5% |
| Other amounts payable178/9 | €0.005m | - | - | €5.0m | €8.4m | €2.7m | ▼ 67.9% |
| Amounts payable within one year42/48 | €0.001m | €1.4m | €85.3m | €47.0m | €40.2m | €29.4m | ▼ 26.9% |
| Current portion of amounts payable after more than one year42 | €0 | - | - | €1.5m | €1.5m | €1.5m | = |
| Financial debts43 | - | - | - | €38.0m | €34.7m | €24.9m | ▼ 28.2% |
| Credit institutions430/8 | - | - | - | €38.0m | €34.7m | €24.9m | ▼ 28.2% |
| Trade debts44 | €123 | €0.5m | €22.5m | €4.4m | €2.6m | €1.6m | ▼ 36.9% |
| Suppliers440/4 | €123 | - | - | €4.4m | €2.6m | €1.6m | ▼ 36.9% |
| Taxes, remuneration and social security45 | €0.001m | - | - | €1.1m | €1.3m | €1.1m | ▼ 10.5% |
| Taxes450/3 | €153 | - | - | €0.06m | €0.08m | €0.09m | ▲ 5.3% |
| Remuneration and social security454/9 | €432 | - | - | €1.1m | €1.2m | €1.0m | ▼ 11.6% |
| Other amounts payable47/48 | €206 | - | - | €2.0m | €0.2m | €0.2m | ▲ 32.7% |
| Accrued charges and deferred income492/3 | €1 | - | - | €0.6m | €0.6m | €0.4m | ▼ 41.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.02m | €0.6m | €16.1m | -€3.6m | -€4.7m | €2.5m | - |
| + Depreciation and write-downs630 | €177 | €0.2m | €0.3m | €1.7m | €2.5m | €2.3m | ▼ 9.7% |
| Operating cash flow (approximation) | €0.02m | €0.8m | €16.4m | -€1.8m | -€2.2m | €4.8m | - |
| Investment in fixed assets (approximation) | - | -€35.8m | -€33.2m | -€11.9m | -€2.4m | €10.7m | - |
| Change in cash | - | €20.2m | -€16.8m | -€3.3m | €0.02m | €0.04m | ▲ 130% |
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 18 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2025 | full format | 16-02-2026 | 2026-00041391 |
| 30-09-2025 | consolidated | 16-02-2026 | 2026-00041370 |
| 30-09-2024 | full format | 22-04-2025 | 2025-00077867 |
| 30-09-2024 | consolidated | 22-04-2025 | 2025-00078347 |
| 30-09-2023 | full format | 23-04-2024 | 2024-00070556 |
| 30-09-2023 | consolidated | 19-04-2024 | 2024-00070433 |
| 30-09-2022 | full format | 20-01-2023 | 2023-00003350 |
| 30-09-2021 | full format | 11-01-2022 | 2022-00900045 |
| 30-09-2020 | full format | 05-03-2021 | 2021-07100416 |
| 30-09-2019 | full format | 13-03-2020 | 2020-06800106 |
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Of the 82,397 active companies whose main activity is business and other management consultancy (NACE 70200), figures are known for 53,899. 4,190 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2022 to 2025 · 9 entries · €79,628 awarded · €79,628 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 3 | €32,306 | €32,306 |
| 2024 | 2 | €19,679 | €19,679 |
| 2023 | 2 | €18,932 | €18,932 |
| 2022 | 2 | €8,711 | €8,711 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.