C-BA
ActiveSummary
C-BA has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €20,180 and a net result of €251,163. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 136 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2026
Axes · tick = 2025
Profitability100▲+19
Solvency29▼-18
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity short (current ratio 0.84 against 0.87 in 2025; short-term debt: 95.8% and cash: 57.5% of total assets), and 96.4% of the assets are financed with debt.
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Signals
Four 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 →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
3.6%
Return on assets
44.4%
Age of the figures
6 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 136 sector peers (2026).
NBB · sector comparisonPosition among 136 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 07-05-2026, 177 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
177 d early
2025
3 d early
2024
14 d early
2023
1 d early
2022
49 d early
2021
165 d early
2020
137 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 78 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 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-03-2027 close31-10-2027 deadline
History
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Financials · fiscal year 2026, abbreviated schema
Equity
€20,180▼ 81.7%
2025 · €110,180
Total assets
€566,237▲ 12.3%
2025 · €504,093
Net result
€251,163▲ 412%
2025 · €49,033
Working capital
-€86,242▼ 69.1%
2025 · -€50,989
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20222023202420252026
Operating result€267,425▲ 209%€45,632▼ 82.9%€84,009▲ 84.1%€84,544▲ 0.6%€344,467▲ 307%
Net result€206,061above the sector's middle half▲ 205%€28,672within the sector's middle half▼ 86.1%€56,769within the sector's middle half▲ 98.0%€49,033within the sector's middle half▼ 13.6%€251,163▲ 412%
Equity€328,972above the sector's middle half▲ 153%€206,044within the sector's middle half▼ 37.4%€161,147within the sector's middle half▼ 21.8%€110,180within the sector's middle half▼ 31.6%€20,180▼ 81.7%
Total assets€411,473within the sector's middle half▲ 78.8%€342,108below the sector's middle half▼ 16.9%€474,955within the sector's middle half▲ 38.8%€504,093within the sector's middle half▲ 6.1%€566,237▲ 12.3%
Debt€82,501▼ 17.6%€136,065▲ 64.9%€313,808▲ 131%€393,914▲ 25.5%€546,058▲ 38.6%
Working capital€162,610▲ 183,619%-€73,923-€150,194▼ 103%-€50,989▲ 66.1%-€86,242▼ 69.1%
Solvency79.9%above the sector's middle half▲ 23.4pp60.2%within the sector's middle half▼ 19.7pp33.9%within the sector's middle half▼ 26.3pp21.9%below the sector's middle half▼ 12.1pp3.6%▼ 18.3pp
Staff (FTE)0within the sector's middle half0within the sector's middle half0within the sector's middle half0
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2023 Net result -86% on 2022. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed three years in a row; 2026 is 307% above 2025 and is the highest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €566,237
Fixed assets
€109,757 ▼ 35.1%
Current assets
€456,480 ▲ 36.3%
Equity and liabilities €566,237
Equity
€20,180 ▼ 81.7%
Debt
€546,058 ▲ 38.6%
Debt's share of the balance-sheet total rises from 78.1% to 96.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€378,269▲
2025 · €108,795
Cash flow
€284,964▲
2025 · €73,284
Current ratio
0.84▼
2025 · 0.87
Debt to equity
27.06▲
2025 · 3.58
ROA
44.4%▲
2025 · 9.7%
Interest coverage
48.23▲
2025 · 10.98
Debt ≤ 1 year
€542,722▲
2025 · €385,898
Income taxes
€86,182▲
2025 · €25,605
A ratio outside any meaningful range has been withheld (balance sheet total €566,237, equity €20,180).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 534 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.2%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 534 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €14,020 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,022 | €46,214 | €29,251 | €24,251 | €33,802 | ▲ 39.4% |
| Other operating charges640/8 | €2,589 | €1,453 | €18,386 | €20,379 | €2,277 | ▼ 88.8% |
| Non-recurring operating charges66A | - | - | - | - | €33,336 | - |
| Gross operating margin9900 | €282,035 | €93,299 | €131,646 | €129,175 | €413,883 | ▲ 220% |
| Operating profit (loss)9901 | €267,425 | €45,632 | €84,009 | €84,544 | €344,467 | ▲ 307% |
| Financial income75/76B | - | - | - | - | €720 | - |
| Recurring financial income75 | - | - | - | - | €720 | - |
| Financial charges65/66B | €581 | €3,587 | €11,242 | €9,906 | €7,843 | ▼ 20.8% |
| Recurring financial charges65 | €581 | €3,587 | €11,242 | €9,906 | €7,843 | ▼ 20.8% |
| Profit (loss) for the period before taxes9903 | €266,844 | €42,045 | €72,767 | €74,638 | €337,345 | ▲ 352% |
| Income taxes67/77 | €60,783 | €13,373 | €15,998 | €25,605 | €86,182 | ▲ 237% |
| Profit (loss) for the period9904 | €206,061 | €28,672 | €56,769 | €49,033 | €251,163 | ▲ 412% |
| Profit (loss) for the period to be appropriated9905 | €206,061 | €28,672 | €56,769 | €49,033 | €251,163 | ▲ 412% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €411,473 | €342,108 | €474,955 | €504,093 | €566,237 | ▲ 12.3% |
| Fixed assets21/28 | €168,362 | €281,967 | €313,340 | €169,184 | €109,757 | ▼ 35.1% |
| Tangible fixed assets22/27 | €158,362 | €269,967 | €285,715 | €143,559 | €109,757 | ▼ 23.5% |
| Land and buildings22 | - | €135,856 | €130,856 | €10,200 | €10,200 | = |
| Furniture and vehicles24 | €76,484 | €60,421 | €44,357 | €28,293 | €12,230 | ▼ 56.8% |
| Other tangible fixed assets26 | €81,878 | €73,690 | €110,502 | €105,065 | €87,327 | ▼ 16.9% |
| Financial fixed assets28 | €10,000 | €12,000 | €27,625 | €25,625 | €0 | ▼ 100% |
| Current assets29/58 | €243,111 | €60,142 | €161,615 | €334,909 | €456,480 | ▲ 36.3% |
| Amounts receivable within one year40/41 | €5,217 | €11,627 | €77,225 | €87,340 | €130,963 | ▲ 49.9% |
| Trade receivables40 | €0 | - | €2,178 | €9,728 | €36,929 | ▲ 280% |
| Other amounts receivable41 | €5,217 | €11,627 | €75,047 | €77,612 | €94,034 | ▲ 21.2% |
| Cash at bank and in hand54/58 | €235,666 | €45,317 | €81,829 | €246,772 | €325,422 | ▲ 31.9% |
| Deferred charges and accrued income490/1 | €2,228 | €3,198 | €2,561 | €797 | €96 | ▼ 88.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €411,473 | €342,108 | €474,955 | €504,093 | €566,237 | ▲ 12.3% |
| Equity10/15 | €328,972 | €206,044 | €161,147 | €110,180 | €20,180 | ▼ 81.7% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €310,372 | €187,444 | €142,547 | €91,580 | €1,580 | ▼ 98.3% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | €308,512 | €185,584 | €142,547 | €91,580 | €1,580 | ▼ 98.3% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €82,501 | €136,065 | €313,808 | €393,914 | €546,058 | ▲ 38.6% |
| Amounts payable within one year42/48 | €80,501 | €134,065 | €311,808 | €385,898 | €542,722 | ▲ 40.6% |
| Trade debts44 | €904 | €48 | €5,427 | €38,757 | €2,586 | ▼ 93.3% |
| Suppliers440/4 | €904 | €48 | €5,427 | €38,757 | €2,586 | ▼ 93.3% |
| Taxes, remuneration and social security45 | €7,761 | €10,669 | €15,797 | €28,312 | €66,520 | ▲ 135% |
| Taxes450/3 | €7,761 | €10,669 | €15,797 | €24,267 | €66,520 | ▲ 174% |
| Remuneration and social security454/9 | - | - | - | €4,045 | €0 | ▼ 100% |
| Other amounts payable47/48 | €71,836 | €123,347 | €290,585 | €318,830 | €473,616 | ▲ 48.5% |
| Accrued charges and deferred income492/3 | €2,000 | €2,000 | €2,000 | €8,015 | €3,335 | ▼ 58.4% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €206,061 | €28,672 | €56,769 | €49,033 | €251,163 | ▲ 412% |
| + Depreciation and write-downs630 | €12,022 | €46,214 | €29,251 | €24,251 | €33,802 | ▲ 39.4% |
| Operating cash flow (approximation) | €218,083 | €74,885 | €86,021 | €73,284 | €284,964 | ▲ 289% |
| Investment in fixed assets (approximation) | - | -€159,818 | -€60,625 | €119,905 | €25,625 | ▼ 78.6% |
| Change in cash | - | -€190,349 | €36,512 | €164,943 | €78,650 | ▼ 52.3% |
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 2027, expected by
2026
07-05
NBB filing
Annual accounts filed
fiscal year 2026 · abbreviated schema
31-03
Financial
Highest result since 2019net €251,163 ▲412%
Operating result €344,467, net result €251,163, both a record.
2025
28-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
17-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
12-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Liquidity triplescurrent ratio 3.02
Current ratio from 1.00 to 3.02; short-term debt falls from €98,082 to €80,501.
31-03
Financial
Equity above €200,000Eq €328,972 ▲153%
4 profitable years in a row build equity to €328,972.
2021
19-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
31-03
Financial
Equity above €100,000Eq €137,932 ▲90.1%
2 profitable years in a row build equity to €137,932.
2019
14-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Menen · 1 establishment unit since 2016
Ground area
1,909 m²
Building footprint
258 m²
Volume, LiDAR
1,173 m³
Parcel 34024C0349/00G000, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
C-BA
since 20162.253.390.865
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34024C0349/00G000 | Flanders | 1,909 m² | 1 · 258 m² | 7.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 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 82,642 companies in sector 70200 we hold annual accounts for 52,589. 30,616 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
Founded19-04-2016
Fiscal year end31-03
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0652654008
Also
9925:BE0652654008
Registered
12-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.