CAHN CONSULT
ActiveSummary
CAHN CONSULT has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €717,356 and a net result of -€157,773. Equity is growing by ~8% per year across the filed fiscal years. Its solvency ranks better than 94% of 31958 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-79
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50,000 at 30 days acceptable
Liquidity ample (current ratio 20.87 against 43.04 in 2024; short-term debt: 4.5% and cash: 45.4% of total assets), and 4.9% 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○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 · 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
95.1%
Return on assets
-20.9%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
59 d early
2023
55 d early
2022
41 d early
2021
146 d early
2020
36 d early
2019
51 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 59 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. Usually files around 7 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€717,356▼ 48.6%
2024 · €1.4m
Total assets
€754,231▼ 47.7%
2024 · €1.4m
Net result
-€157,773
2024 · €115,453
Working capital
€673,692▼ 50.0%
2024 · €1.3m
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
Line20212022202320242025
Operating result€106,690▼ 90.5%€87,972▼ 17.5%€86,197▼ 2.0%€77,257▼ 10.4%-€179,085
Net result€159,814above the sector's middle half▼ 79.9%€90,657within the sector's middle half▼ 43.3%€106,462above the sector's middle half▲ 17.4%€115,453above the sector's middle half▲ 8.4%-€157,773below the sector's middle half
Equity€1.2mabove the sector's middle half▲ 15.3%€1.3mwithin the sector's middle half▲ 7.5%€1.3mabove the sector's middle half▲ 4.0%€1.4mabove the sector's middle half▲ 3.7%€717,356above the sector's middle half▼ 48.6%
Total assets€1.3mabove the sector's middle half▲ 14.0%€1.3mwithin the sector's middle half▲ 1.3%€1.4mabove the sector's middle half▲ 6.2%€1.4mabove the sector's middle half▲ 2.8%€754,231above the sector's middle half▼ 47.7%
Debt€99,835▲ 0.5%€26,666▼ 73.3%€57,209▲ 115%€46,750▼ 18.3%€36,875▼ 21.1%
Working capital€1.2mabove the sector's middle half▲ 15.7%€1.3mabove the sector's middle half▲ 7.8%€1.3mabove the sector's middle half▲ 0.1%€1.3mabove the sector's middle half▲ 4.4%€673,692above the sector's middle half▼ 50.0%
Solvency92.3%above the sector's middle half▲ 1.0pp98.0%above the sector's middle half▲ 5.6pp95.9%above the sector's middle half▼ 2.1pp96.8%above the sector's middle half▲ 0.8pp95.1%above the sector's middle half▼ 1.6pp
Current ratio12.98above the sector's middle half▲ 1.5849.37above the sector's middle half▲ 36.3842.52above the sector's middle half▼ 6.8543.04above the sector's middle half▲ 0.5220.87above the sector's middle half▼ 22.17
Return on assets (ROA)12.3%within the sector's middle half▼ 57.4pp6.9%within the sector's middle half▼ 5.4pp7.6%within the sector's middle half▲ 0.7pp8.0%within the sector's middle half▲ 0.4pp-20.9%below the sector's middle half▼ 28.9pp
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.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €179,085 after €77,257 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €754,231
Fixed assets
€46,636 ▼ 25.7%
Current assets
€707,595 ▼ 48.7%
Equity and liabilities €754,231
Equity
€717,356 ▼ 48.6%
Debt
€36,875 ▼ 21.1%
Debt's share of the balance-sheet total rises from 3.2% to 4.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€161,415▼
2024 · €95,414
Cash flow
-€140,103▼
2024 · €133,610
Debt to equity
0.05▲
2024 · 0.03
ROE
-22.0%▼
2024 · 8.3%
Interest coverage
-4.33▼
2024 · 6.91
Debt ≤ 1 year
€33,902▲
2024 · €32,068
Debt > 1 year
€2,973▼
2024 · €14,682
Income taxes
€535▼
2024 · €56,199
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 376 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 91% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
0.8%
went bankrupt
7.2%
stopped otherwise
91%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 376 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,777 | €2,688 | €7,340 | €18,157 | €17,670 | ▼ 2.7% |
| Other operating charges640/8 | - | €1,997 | €1,977 | €2,096 | €2,183 | ▲ 4.1% |
| Non-recurring operating charges66A | - | - | - | - | €250,000 | - |
| Gross operating margin9900 | €110,555 | €92,656 | €95,514 | €97,510 | €90,768 | ▼ 6.9% |
| Operating profit (loss)9901 | €106,690 | €87,972 | €86,197 | €77,257 | -€179,085 | ▼ 332% |
| Financial income75/76B | - | €59,205 | €111,338 | €108,206 | €59,155 | ▼ 45.3% |
| Recurring financial income75 | €133,029 | €59,205 | €111,338 | €108,206 | €59,155 | ▼ 45.3% |
| Financial charges65/66B | - | €12,518 | €39,382 | €13,810 | €37,308 | ▲ 170% |
| Recurring financial charges65 | €11,229 | €12,518 | €39,382 | €13,810 | €37,308 | ▲ 170% |
| Profit (loss) for the period before taxes9903 | €228,491 | €134,659 | €158,154 | €171,653 | -€157,238 | ▼ 192% |
| Income taxes67/77 | €68,677 | €44,001 | €51,692 | €56,199 | €535 | ▼ 99.0% |
| Profit (loss) for the period9904 | €159,814 | €90,657 | €106,462 | €115,453 | -€157,773 | ▼ 237% |
| Profit (loss) for the period to be appropriated9905 | €159,814 | €90,657 | €106,462 | €115,453 | -€157,773 | ▼ 237% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.3m | €1.3m | €1.4m | €1.4m | €754,231 | ▼ 47.7% |
| Fixed assets21/28 | €7,073 | €4,385 | €80,907 | €62,750 | €46,636 | ▼ 25.7% |
| Tangible fixed assets22/27 | €7,073 | €4,385 | €80,907 | €62,750 | €46,636 | ▼ 25.7% |
| Plant, machinery and equipment23 | - | €388 | €0 | - | - | - |
| Furniture and vehicles24 | - | €1,997 | €79,708 | €62,351 | €46,636 | ▼ 25.2% |
| Other tangible fixed assets26 | - | €1,999 | €1,199 | €399 | €0 | ▼ 100% |
| Current assets29/58 | €1.3m | €1.3m | €1.3m | €1.4m | €707,595 | ▼ 48.7% |
| Amounts receivable after more than one year29 | - | €121,750 | €121,750 | €371,750 | €0 | ▼ 100% |
| Other amounts receivable291 | - | €121,750 | €121,750 | €371,750 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €0 | €4,036 | €0 | €8,001 | €31,879 | ▲ 298% |
| Trade receivables40 | - | €2,904 | €0 | €8,001 | €3,371 | ▼ 57.9% |
| Other amounts receivable41 | - | €1,132 | €0 | - | €28,508 | - |
| Current investments50/53 | €580,381 | €791,055 | €538,571 | €805,978 | €330,513 | ▼ 59.0% |
| Cash at bank and in hand54/58 | €591,638 | €397,259 | €658,021 | €190,054 | €342,504 | ▲ 80.2% |
| Deferred charges and accrued income490/1 | - | €2,395 | €4,137 | €4,446 | €2,699 | ▼ 39.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.3m | €1.3m | €1.4m | €1.4m | €754,231 | ▼ 47.7% |
| Equity10/15 | €1.2m | €1.3m | €1.3m | €1.4m | €717,356 | ▼ 48.6% |
| Contributions10/11 | - | €6,324 | €6,324 | €6,324 | €6,324 | = |
| Reserves13 | €1.1m | €1.2m | €1.3m | €1.3m | €819,310 | ▼ 38.9% |
| Non-distributable reserves130/1 | - | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €0 | - | - | - |
| Distributable reserves133 | - | €1.2m | €1.3m | €1.3m | €819,310 | ▼ 38.9% |
| Profit (loss) carried forward14 | €48,373 | €49,030 | €49,492 | €49,496 | -€108,278 | ▼ 319% |
| Amounts payable17/49 | €99,835 | €26,666 | €57,209 | €46,750 | €36,875 | ▼ 21.1% |
| Amounts payable after more than one year17 | - | - | €26,108 | €14,682 | €2,973 | ▼ 79.8% |
| Financial debts170/4 | - | - | €26,108 | €14,682 | €2,973 | ▼ 79.8% |
| Amounts payable within one year42/48 | €99,835 | €26,666 | €31,102 | €32,068 | €33,902 | ▲ 5.7% |
| Current portion of amounts payable after more than one year42 | - | - | €11,148 | €11,425 | €11,710 | ▲ 2.5% |
| Trade debts44 | €1,831 | €2,409 | €611 | €793 | €632 | ▼ 20.3% |
| Suppliers440/4 | - | €2,409 | €611 | €793 | €632 | ▼ 20.3% |
| Taxes, remuneration and social security45 | - | €24,258 | €19,343 | €19,647 | €21,560 | ▲ 9.7% |
| Taxes450/3 | - | €24,258 | €19,343 | €19,647 | €21,560 | ▲ 9.7% |
| Other amounts payable47/48 | - | €0 | - | €203 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €159,814 | €90,657 | €106,462 | €115,453 | -€157,773 | ▼ 237% |
| + Depreciation and write-downs630 | €2,777 | €2,688 | €7,340 | €18,157 | €17,670 | ▼ 2.7% |
| Operating cash flow (approximation) | €162,591 | €93,345 | €113,802 | €133,610 | -€140,103 | ▼ 205% |
| Investment in fixed assets (approximation) | - | €0 | -€83,862 | €0 | -€1,556 | - |
| Change in cash | - | -€194,379 | €260,762 | -€467,967 | €152,449 | ▲ 133% |
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
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€157,773
Net result drops to -€157,773, the lowest in the series.
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-09
State Gazette act
General meeting · Capital increase
Bank account · Share cancellation
06-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-07
State Gazette act
Board meeting · Director resignation
Board composition · Permanent representative
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity quadruplescurrent ratio 49.37
Current ratio from 12.98 to 49.37; short-term debt falls from €99,835 to €26,666.
03-10
State Gazette act
Capital increase · Bank account
Share issue · Statutes amendment
07-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €796,680 ▲1,019%
Operating result €1.1m, net result €796,680, both a record.
Show earlier events
31-12
Financial
Equity above €1mEq €1.0m ▲322%
3 profitable years in a row build equity to €1.0m.
29-12
State Gazette act
Capital increase · Bank account
Share issue · Statutes amendment
10-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €200,000Eq €247,062 ▲34.7%
2 profitable years in a row build equity to €247,062.
05-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2014
20-02
State Gazette act
General meeting · Auditor reappointment
Director resignation · Permanent representative
20-02
State Gazette act
Director resignation · Permanent representative
2013
08-10
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
08-10
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
21-05
State Gazette act
General meeting · Director appointment
Permanent representative
Financial milestoneState Gazette actNBB 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, Antwerpen · 1 establishment unit since 2006
Ground area
175 m²
Building footprint
118 m²
Volume, LiDAR
1,527 m³
Parcel 11811L3588/00N002, Flanders · tallest building 21.9 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
CAHN CONSULT
since 20062.156.898.037
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11811L3588/00N002 | Flanders | 175 m² | 1 · 118 m² | 21.9 m · 5 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.
Structure & network
Connections & network
1 connected companyThe connected companies are in the list below.
This company
Company
Director
Shareholding
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Linked via shared directors
ASOBV
Shared director
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Ownership & control
2 board mandatesBoard mandates of this companythis company sits on their board2
1 location
1 location
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 238 EUR awarded · 238 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 238 EUR | 238 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
967600QZ0A6DYW1DC079
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Of 82,641 companies in sector 70200 we hold annual accounts for 52,636. 31,361 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
Founded09-10-2006
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Contact
Phone
0474/713339Antwerpen
E-invoicing
Reachable via Peppol
Peppol ID
0208:0884085417
Registered
23-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.