BUSINESS MANAGEMENT ADVICE
ActiveBUSINESS MANAGEMENT ADVICE has been active since 1980 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €269k and a net result of €14k. Equity is shrinking by ~15.2% per year across the filed fiscal years. Its solvency ranks better than 48% of 9388 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
75
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72▲+72
Solvency78▼-16
Growth38▲+16
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20k at 30 days acceptable
Liquidity ample (current ratio 2.53 against 2.36 in 2024; short-term debt: 26.8% and cash: 2.9% of total assets), and 47.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 71
Relative position
BE, all sectors
reference
Sector 71
lower
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
52.6%
Return on assets
2.8%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 27-10-2025, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
111 d early
2023
54 d early
2022
97 d early
2021
109 d early
2020
128 d early
2019
118 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close18-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Turnover
€69k▼ 13.1%
2020 · €79k
2019: €90k
2020: €79k
2019 → 2021
EBIT margin
-72.5%▼ 109.4pp
2020 · 36.9%
2019: 2.0%
2020: 36.9%
2019 → 2021
Net result
€14k
2024 · €-63k
2019: €7k
2020: €-27k
2021: €-44k
2022: €684
2023: €-18k
2024: €-63k
2019 → 2025
Working capital
€211k▲ 94.8%
2024 · €108k
2019: €463k
2020: €452k
2021: €425k
2022: €338k
2023: €195k
2024: €108k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€69k-
Equity€563k-€465k▼ 17.4%€317k▼ 31.9%€262k▼ 17.2%€269k▲ 2.6%
Operating result€-50k-€-16k▲ 67.5%€-20k▼ 19.8%€-41k▼ 111%€-2k▲ 96.1%
Net result€-44k-€684€-18k€-63k▼ 244%€14k
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2k in 2025 against €41k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €512k
Fixed assets
€164k▼ 15.1%
Current assets
€348k▲ 85.7%
Equity and liabilities €512k
Equity
€269k▲ 2.6%
Provisions
€34k▼ 10.4%
Debt
€209k▲ 159%
The debt ratio rises from 21.3% to 40.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€27k▲
2024 · €-13k
Cash flow
€43k▲
2024 · €-35k
Solvency
52.6%▼
2024 · 68.9%
Current ratio
2.53▲
2024 · 2.36
Quick ratio
2.53▲
2024 · 2.36
Debt / equity
0.78▲
2024 · 0.31
ROE
5.3%▲
2024 · -24.1%
ROA
2.8%▲
2024 · -16.6%
Interest coverage
131.88▲
2024 · -47.70
Debt
€209k▲
2024 · €81k
Debt ≤ 1 year
€138k▲
2024 · €79k
Income taxes
€208▼
2024 · €222
Staff costs
€19k▼
2024 · €19k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€381k€512k▲
Fixed assets21/28€193k€164k▼
Tangible fixed assets22/27€193k€164k▼
Land and buildings22€135k€128k▼
Plant, machinery and equipment23€10k€6k▼
Furniture and vehicles24€49k€30k▼
Financial fixed assets28€87€0▼
Current assets29/58€188k€348k▲
Amounts receivable within one year40/41€71k€332k▲
Trade receivables40€101€25k▲
Other amounts receivable41€71k€307k▲
Cash at bank and in hand54/58€116k€15k▼
Deferred charges and accrued income490/1€582€1k▲
Equity and liabilities
Total equity and liabilities10/49€381k€512k▲
Equity10/15€262k€269k▲
Contributions10/11€180k€180k=
Reserves13€138k€130k▼
Tax-exempt reserves132€70k€62k▼
Distributable reserves133€68k€68k=
Profit (loss) carried forward14€-62k€-41k▲
Investment grants15€7k-
Provisions and deferred taxes16€37k€34k▼
Deferred taxes168€37k€34k▼
Amounts payable17/49€81k€209k▲
Amounts payable within one year42/48€79k€138k▲
Financial debts43€622€54k▲
Credit institutions430/8€622€258▼
Other loans439-€53k
Trade debts44€9€7k▲
Suppliers440/4€9€7k▲
Taxes, remuneration and social security45€79k€77k▼
Taxes450/3€75k€72k▼
Remuneration and social security454/9€4k€4k▲
Accrued charges and deferred income492/3€2k€72k▲
Income statement
Code20242025
Remuneration, social security and pensions62€19k€19k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€29k▲
Other operating charges640/8€759€875▲
Gross operating margin9900€7k€47k▲
Operating profit (loss)9901€-41k€-2k▲
Financial income75/76B€2k€12k▲
Recurring financial income75€2k€12k▲
Non-recurring financial income76B-€12k
Financial charges65/66B€24k€208▼
Recurring financial charges65€276€208▼
Non-recurring financial charges66B€24k-
Profit (loss) for the period before taxes9903€-63k€11k▲
Transfer from deferred taxes780-€4k
Income taxes67/77€222€208▼
Profit (loss) for the period9904€-63k€14k▲
Transfer from tax-exempt reserves789€11k€8k▼
Profit (loss) for the period to be appropriated9905€-52k€22k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-62k€-41k▲
Profit (loss) brought forward from the previous period14P€-11k€-62k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
27-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Back to profitnet €14k
Net result €14k after 2 loss-making years.
2024
12-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Weakest financial yearnet €-63k
Net result drops to €-63k, the lowest in the series; recovery starts the following year.
2023
07-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
31-03
Financial
Back to profitnet €684
Net result €684 after 2 loss-making years.
2021
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
31-03
Financial
Liquidity times 7current ratio 17.32
Current ratio from 2.37 to 17.32; short-term debt falls from €338k to €28k.
2019
05-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
21-11-2025
Sophie CHAUVEAU: Resigned as Director
05-01-2023
Sophie CHAUVEAU: Resigned as Director
05-01-2023
CHAUVEAU Philippe: Resigned as Director
05-01-2023
Debusschère Jean-Sébastien: Resigned as Director
14-09-2021
DECLERCK Serge: Resigned as Director
08-11-2019
Sophie CHAUVEAU: Resigned as Daily management
Location & real-estate footprint
Registered office, Waterloo · 1 establishment unit since 1981
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Allée Henri Pousseur 341410 WaterlooGround area
4,246 m²
Building footprint
384 m²
Volume, LiDAR
3,743 m³
Parcel 25762G0500/00S002, Wallonia · tallest building 13.2 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Allée Henri Pousseur 34, 1410 Waterloo
since 19812.018.358.182
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25762G0500/00S002 | Wallonia | 4,246 m² | 1 · 384 m² | 13.2 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
Connections & network
2 connected companiesNetwork connections
Shared address
→
Shared address
→
Recognitions · licences · registrations
Legal Entity Identifier
967600D5941D0Z9GLU33
Similar companies · same sector, comparable size
TECHNIC CONSULT
BE 0820.773.913
Sombreffe · Eq €269k
HEGGE ID
BE 0476.087.579
Hamont-Achel · Eq €270k
J. DE ROUCK
BE 0461.540.549
Oosterzele · Eq €270k
ENGINEERS
BE 0471.351.209
Kapellen · Eq €270k
Crevitsdeprez
BE 0731.646.749
Gistel · Eq €270k
Of 11,554 companies in sector 71121 we hold annual accounts for 6,557. 4,944 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-12-1980
Fiscal year end31-03
Abbreviation FR
B.M.A.
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
71121Engineering and related technical consultancy, excluding land surveyors
74142
74203
Sources
Crossroads Bank for EnterprisesNational Bank · 43 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.