C²
ActiveSummary
C² has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €70,254 and a net result of €16,335. Equity is growing by ~40.4% per year across the filed fiscal years. Its solvency ranks better than 39% of 31840 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▼-8
Solvency67▲+9
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 1.64 against 1.53 in 2024; short-term debt: 30.1% and cash: 10.6% of total assets), but 58.3% of the assets are financed with debt.
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Signals
Five 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
41.7%
Return on assets
9.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
27 d late
2024
24 d early
2023
41 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 13 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€70,254▲ 30.3%
2024 · €53,919
Total assets
€168,604▲ 1.8%
2024 · €165,700
Net result
€16,335▼ 40.1%
2024 · €27,273
Working capital
€32,542▲ 73.8%
2024 · €18,727
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€35,210-€43,058▲ 22.3%€28,135▼ 34.7%
Net result€24,646-€27,273▲ 10.7%€16,335▼ 40.1%
Equity€26,646-€53,919▲ 102%€70,254▲ 30.3%
Total assets€112,531-€165,700▲ 47.2%€168,604▲ 1.8%
Debt€85,886-€111,782▲ 30.2%€98,350▼ 12.0%
Working capital€7,552-€18,727▲ 148%€32,542▲ 73.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 35% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €168,604
Fixed assets
€85,278 ▼ 23.6%
Current assets
€83,326 ▲ 54.2%
Equity and liabilities €168,604
Equity
€70,254 ▲ 30.3%
Debt
€98,350 ▼ 12.0%
Debt's share of the balance-sheet total falls from 67.5% to 58.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€64,511▼
2024 · €70,701
Cash flow
€52,711▼
2024 · €54,915
Current ratio
1.64▲
2024 · 1.53
Debt to equity
1.40▼
2024 · 2.07
ROE
23.3%▼
2024 · 50.6%
ROA
9.7%▼
2024 · 16.5%
Interest coverage
15.06▼
2024 · 15.39
Debt ≤ 1 year
€50,784▲
2024 · €35,320
Debt > 1 year
€47,566▼
2024 · €76,462
Income taxes
€7,517▼
2024 · €11,191
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €2,347 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,234 | €27,642 | €36,375 | ▲ 31.6% |
| Other operating charges640/8 | €87 | €213 | €510 | ▲ 140% |
| Non-recurring operating charges66A | €2,087 | - | - | - |
| Gross operating margin9900 | €45,618 | €70,913 | €65,021 | ▼ 8.3% |
| Operating profit (loss)9901 | €35,210 | €43,058 | €28,135 | ▼ 34.7% |
| Financial income75/76B | €1 | - | - | - |
| Recurring financial income75 | €1 | - | - | - |
| Financial charges65/66B | €2,079 | €4,594 | €4,283 | ▼ 6.8% |
| Recurring financial charges65 | €2,079 | €4,594 | €4,283 | ▼ 6.8% |
| Profit (loss) for the period before taxes9903 | €33,132 | €38,464 | €23,852 | ▼ 38.0% |
| Income taxes67/77 | €8,486 | €11,191 | €7,517 | ▼ 32.8% |
| Profit (loss) for the period9904 | €24,646 | €27,273 | €16,335 | ▼ 40.1% |
| Profit (loss) for the period to be appropriated9905 | €24,646 | €27,273 | €16,335 | ▼ 40.1% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €112,531 | €165,700 | €168,604 | ▲ 1.8% |
| Formation expenses20 | €0 | €0 | €0 | - |
| Fixed assets21/28 | €83,738 | €111,654 | €85,278 | ▼ 23.6% |
| Tangible fixed assets22/27 | €83,738 | €111,654 | €75,278 | ▼ 32.6% |
| Plant, machinery and equipment23 | €56,346 | €47,773 | €34,682 | ▼ 27.4% |
| Furniture and vehicles24 | - | €42,596 | €25,420 | ▼ 40.3% |
| Leasing and similar rights25 | €27,391 | €21,284 | €15,177 | ▼ 28.7% |
| Financial fixed assets28 | - | - | €10,000 | - |
| Current assets29/58 | €28,794 | €54,047 | €83,326 | ▲ 54.2% |
| Amounts receivable within one year40/41 | €24,088 | €34,043 | €65,187 | ▲ 91.5% |
| Trade receivables40 | €21,987 | €31,939 | €56,904 | ▲ 78.2% |
| Other amounts receivable41 | €2,101 | €2,104 | €8,282 | ▲ 294% |
| Cash at bank and in hand54/58 | €3,118 | €18,646 | €17,936 | ▼ 3.8% |
| Deferred charges and accrued income490/1 | €1,588 | €1,358 | €203 | ▼ 85.0% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €112,531 | €165,700 | €168,604 | ▲ 1.8% |
| Equity10/15 | €26,646 | €53,919 | €70,254 | ▲ 30.3% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | €24,500 | €24,500 | €24,500 | = |
| Distributable reserves133 | €24,500 | €24,500 | €24,500 | = |
| Profit (loss) carried forward14 | €146 | €27,419 | €43,754 | ▲ 59.6% |
| Amounts payable17/49 | €85,886 | €111,782 | €98,350 | ▼ 12.0% |
| Amounts payable after more than one year17 | €64,644 | €76,462 | €47,566 | ▼ 37.8% |
| Financial debts170/4 | €64,644 | €76,462 | €47,566 | ▼ 37.8% |
| Amounts payable within one year42/48 | €21,241 | €35,320 | €50,784 | ▲ 43.8% |
| Current portion of amounts payable after more than one year42 | €16,222 | €31,436 | €31,426 | = |
| Trade debts44 | €3,499 | €151 | €9,459 | ▲ 6,147% |
| Suppliers440/4 | €3,499 | €151 | €9,459 | ▲ 6,147% |
| Taxes, remuneration and social security45 | €1,521 | €3,733 | €9,900 | ▲ 165% |
| Taxes450/3 | €1,521 | €3,733 | €9,900 | ▲ 165% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,646 | €27,273 | €16,335 | ▼ 40.1% |
| + Depreciation and write-downs630 | €8,234 | €27,642 | €36,375 | ▲ 31.6% |
| Operating cash flow (approximation) | €32,880 | €54,915 | €52,711 | ▼ 4.0% |
| Investment in fixed assets (approximation) | - | -€55,558 | -€10,000 | ▲ 82.0% |
| Change in cash | - | €15,528 | -€710 | ▼ 105% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
31-12
Financial
Weakest financial yearnet €16,335 ▼40.1%
Net result drops to €16,335, the lowest in the series.
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2023net €27,273 ▲10.7%
Operating result €43,058, net result €27,273, both a record.
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Viroinval · 1 establishment unit since 2022
Ground area
94 m²
Building footprint
6 m²
Volume, LiDAR
2 m³
Parcel 93042B0013/00L000, Wallonia · tallest building 0.9 m. Linked by address, not a title deed.
1 establishment unit
C²
since 20222.331.262.564
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 93042B0013/00L000indicative | Wallonia | 94 m² | 1 · 6 m² | 0.8 m |
Linked by address, not proof of ownership
Good to know
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,587. 39,658 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-04-2022
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
43990Other specialised construction activities
82100Office administrative and support services
Scores and ratios are computed by Checked and are not a credit decision.