CATALYST
ActiveSummary
CATALYST has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.8m and a net result of €154,708. Equity is growing by about 8.8% per year across the filed financial years. Its solvency ranks better than 49% of 3,858 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €3.8m
- Profit
- €154,708
- Board
- 6 members
- Holdings
- 2
Why 93raises riskLast filed accounts filed 33 days late; 2 of the last 3 latelowers riskSize: total assets €7.2mSector: Activities of head offices; management consultancy activities (NACE 70)Figures for financial year 2025 (filed 08-09-2026)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, small): better than 49% on solvency, 75% on liquidity, 15% on profitability and 51% on growth.
The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 3 accounts on average 24 days after the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · full…
- Highest result from 2023 to 2025net €154,708 ▲97%
- Annual accounts filedfinancial year 2024 · full…
Financials · financial year 2025, full format
2025 annual accounts filed late (33 days) Filed on 2 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00506277.
2023 to 2025, 3 financial years
The operating result has fallen two years in a row; 2025 is 33% below 2024 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
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).
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €11 | €87 | ▲ 696% |
| Other operating charges640/8 | €2,024 | €1,731 | €1,254 | ▼ 27.5% |
| Gross operating margin9900 | €261,431 | €169,765 | €114,503 | ▼ 32.6% |
| Operating profit (loss)9901 | €259,407 | €168,023 | €113,161 | ▼ 32.7% |
| Financial income75/76B | €7,235 | €130,784 | €214,651 | ▲ 64.1% |
| Recurring financial income75 | €7,235 | €130,784 | €214,651 | ▲ 64.1% |
| Financial charges65/66B | €101,402 | €186,109 | €146,559 | ▼ 21.3% |
| Recurring financial charges65 | €101,402 | €186,109 | €146,559 | ▼ 21.3% |
| Profit (loss) for the period before taxes9903 | €165,240 | €112,698 | €181,253 | ▲ 60.8% |
| Income taxes67/77 | €42,065 | €34,159 | €26,545 | ▼ 22.3% |
| Profit (loss) for the period9904 | €123,174 | €78,539 | €154,708 | ▲ 97.0% |
| Transfer from tax-exempt reserves789 | - | - | €210,500 | - |
| Transfer to tax-exempt reserves689 | €210,500 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€87,326 | €78,539 | €365,208 | ▲ 365% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €7.2m | €7.2m | €7.2m | ▲ 1.0% |
| Fixed assets21/28 | €6.6m | €6.7m | €6.3m | ▼ 5.6% |
| Tangible fixed assets22/27 | - | €250 | €163 | ▼ 34.8% |
| Furniture and vehicles24 | - | €250 | €163 | ▼ 34.8% |
| Financial fixed assets28 | €6.6m | €6.7m | €6.3m | ▼ 5.6% |
| Current assets29/58 | €0.6m | €0.5m | €0.9m | ▲ 96.7% |
| Amounts receivable within one year40/41 | €0.2m | €0.4m | €0.4m | ▼ 1.0% |
| Trade receivables40 | €0.2m | €0.4m | €0.05m | ▼ 86.5% |
| Other amounts receivable41 | - | €0.008m | €0.3m | ▲ 39× |
| Cash at bank and in hand54/58 | €0.5m | €0.05m | €0.5m | ▲ 985% |
| Deferred charges and accrued income490/1 | €0.04m | €0.03m | €0.003m | ▼ 88.3% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €7.2m | €7.2m | €7.2m | ▲ 1.0% |
| Equity10/15 | €3.1m | €3.6m | €3.8m | ▲ 4.3% |
| Contributions10/11 | €3.0m | €3.4m | €3.4m | = |
| Capital10 | €3.0m | €3.4m | €3.4m | = |
| Issued capital100 | €3.0m | €3.4m | €3.4m | = |
| Reserves13 | €0.2m | €0.2m | - | - |
| Tax-exempt reserves132 | €0.2m | €0.2m | - | - |
| Profit (loss) carried forward14 | -€0.09m | -€0.009m | €0.4m | - |
| Amounts payable17/49 | €4.1m | €3.6m | €3.5m | ▼ 2.4% |
| Amounts payable after more than one year17 | €3.3m | €2.8m | €2.5m | ▼ 10.9% |
| Financial debts170/4 | €3.3m | €2.8m | €2.5m | ▼ 10.9% |
| Amounts payable within one year42/48 | €0.8m | €0.8m | €1.0m | ▲ 27.8% |
| Current portion of amounts payable after more than one year42 | €0.5m | €0.5m | €0.6m | ▲ 4.8% |
| Trade debts44 | €0.07m | €0.2m | €0.1m | ▼ 51.7% |
| Suppliers440/4 | €0.07m | €0.2m | €0.1m | ▼ 51.7% |
| Taxes, remuneration and social security45 | €0.1m | €0.02m | €0.02m | ▲ 44.9% |
| Taxes450/3 | €0.1m | €0.02m | €0.02m | ▲ 44.9% |
| Other amounts payable47/48 | €0.07m | €0.003m | €0.3m | ▲ 116× |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €123,174 | €78,539 | €154,708 | ▲ 97.0% |
| + Depreciation and write-downs630 | - | €11 | €87 | ▲ 696% |
| Operating cash flow (approximation) | €123,174 | €78,550 | €154,795 | ▲ 97.1% |
| Investment in fixed assets (approximation) | - | -€135,611 | €375,000 | - |
| Change in cash | - | -€407,304 | €471,071 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (3)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 02-09-2026 | 2026-00506277 |
| 31-12-2024 | full format | 01-07-2025 | 2025-00208329 |
| 31-12-2023 | full format | 08-10-2024 | 2024-00501007 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 6
Permanent representatives 4
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| JACOBS VAN MERLEN Loic Nicolas André |
|
| ROLIN JACQUEMYNS Jean Bernard Charles Marie |
|
| SOGINVEST |
|
| Arleo partners |
|
| ESPEREN |
|
| HI MANAGEMENT |
|
| AYED Hassan |
|
| Jacobs van Merlen Loic |
|
| Rolin Jacquemyns Jean |
|
Owners and capital
Capital and shareholders
- GRAFE Julien Paul Robert €400,000 in cash
- BEETROOT CAPITAL 61,500 shares
- DANNEELS Sébastien 127,500 shares
- BEETROOT CAPITAL (BE 0792.894.034) 61,500 shares (100%) · in cash
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 19-02-2024 Capital increase of €400,000 · to €3,400,000 · 287,796 new shares · in cash
- 15-02-2023 Capital increase of €1,436,250 · to €3,000,000 · 1,436,250 new shares · in cash
- 15-02-2023 Capital increase of €1,502,250 · to €1,563,750 · 1,502,250 new shares · in cash
- 03-11-2022 Incorporation · €61,500 · 61,500 shares
Group and network
Holdings and subsidiaries
2 holdings · 4 subsidiaries in the treeHoldings 2
Source for every holding own accounts 2024
- A. FiduciasubsidiaryEquity €708,722Result -€15,481100%
- SALARY PARTNERsubsidiaryEquity €75,714Result -€8,204100%
All subsidiaries, including indirect ones 4
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
A. Fiducia 100%2 subsidiaries
- BCH & PARTNERS 100%
- FTA CONSULTING 100%
- SALARY PARTNER 100%
According to the 2024 annual accounts of CATALYST and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
9 connected companiesShow 5 more companies with a shared director
History
CATALYST was incorporated on 28 October 2022 as a public limited company by BEETROOT CAPITAL, with a starting capital of €61,500.12 The registered office was moved to Anderlecht in 2023.3 Between 2023 and 2024 the capital was increased 3 times, most recently to €3.4m.435 The board currently has 6 members; 2 of them have served since 2022.2 Total assets went from €7.2m in 2023 to €7.2m in 2025.6
Acts, filings and financial milestones
19-02
Gazette deed
Resignations: AYED Hassan, Loic JACOBS van MERLEN and Jean ROLIN JACQUEMYNSReappointments: HI MANAGEMENT, ARLEO PARTNERS and 2 others · Permanent representatives: AYED Hassan, Loic JACOBS van MERLEN and 2 others · Kind of shares27 facts ▸
- General meeting, 02-02-2024
- Other provision, “immatriculation et assujettissement, Registre Francophone des Personnes Morales de Bruxelles” (deed in French)
- Other provision, “renonciation à établissement rapport émission, rapport organe administration sur justification prix émission et conséquences sur droits patrimoniaux et sociaux” (deed in French)
- Other provision, “prise de connaissance rapports modification classes actions, rapport organe administration article 7:155 justifiant modifications proposées et conséquences sur…” (deed in French)
- Other provision, “évaluation données financières et comptables rapport organe gestion joint, rapport évaluation réviseur article 7:155” (deed in French)
- Other provision, “expédition du procès-verbal, Greffe du Tribunal de l’Entreprise compétent” (deed in French)
- Kind of shares, “D, creation” (deed in French)
- Capital increase, €400,000
- Other provision, “individuelle,expresse et irrévocable, augmentation de capital” (deed in French) (3 times)
- Share issue, “D”, 287796 (deed in French)
- Capital contribution, €400,000
- Capital, €3,400,000 (2 times)
- +15 further facts in this act
15-02
Gazette deed
Registered office · Capital & shares · Amendment of the articlesShareholding · Capital increase · Share issue17 facts ▸
- General meeting, 31-01-2023
- Other provision, “actionnaire unique, renonciation à l'établissement du rapport d'émission” (deed in French)
- Other provision, “prise de connaissance rapports article7:155, article7:155 CSA” (deed in French)
- Other provision, “augmentation du capital avec transformation des classes existantes,création de nouvelles classes,modification des droits et souscription de nouvelles actions, c…” (deed in French)
- Other provision, “dépôt des deux rapports avec expédition du procès-verbal, Greffe du Tribunal del'Entreprise compétent” (deed in French)
- Shareholding, “A”, 61500 (deed in French)
- Capital increase, €1,502,250
- Share issue, EUR, 1270034
- Other provision, “représentants, actions de classe C de l'augmentation de capital” (deed in French)
- Shareholding, “représentants, A” (deed in French)
- Shareholding, “C”, 127500 (deed in French)
- Bank account, “BNP Paribas Fortis, BE97 0019 4470 9449” (deed in French)
- +5 further facts in this act
15-02
Gazette deed
Appointments: AYED Hassan (director) and SOGINVEST (director)Permanent representative: André Jean Robert Julien KILESSE · Reappointments: Jean ROLIN JACQUEMYNS (director) and Loic JACOBS van MERLEN (director) · Auditor report20 facts ▸
- General meeting, 31-01-2023
- Other provision, “renonciation rapports émission, PREMIERE RESOLUTION” (deed in French)
- Other provision, “prise de connaissance rapports modification classes actions, DEUXIEME RESOLUTION” (deed in French)
- Auditor report, “pas de faits que données comptables et financières ne sont pas fidèles et suffisantes dans tous aspects significatifs pour éclairer assemblée, article 7:155 CSA” (deed in French)
- Other provision, “réserve délai et limitation utilisation rapport réviseur, rapport non transmis 15 jours avant assemblée” (deed in French)
- Other provision, “date rapport et dépôt greffe”, 30-01-2023 (deed in French)
- Capital increase, €1,436,250
- Other provision, “ses représentants, individuelle expresse et irrévocable” (deed in French) (2 times)
- Share issue, “B”, 1436250 (deed in French)
- Bank account, “BNP PARIBAS FORTIS, BE43 0019 4525 7501” (deed in French)
- Other provision, “attestation dépôt, attestation de ce dépôt” (deed in French)
- Capital, €3,000,000
- +8 further facts in this act
03-11
Gazette deed
IncorporationAppointments: JACOBS van MERLEN Loic Nicolas André (director) and ROLIN JACQUEMYNS Jean Bernard Charles Marie (director) · Founder · Founding capital18 facts ▸
- Founder, BEETROOT CAPITAL
- Other provision, “par deux gérants, gérant” (deed in French) (2 times)
- Incorporation, 28-10-2022
- Founding capital, €61,500
- Other provision, 29-09-2022
- Other provision, “avertissement responsabilité fondateur, faillite dans les trois ans de la constitution” (deed in French)
- Bank account, “compte spécial au nom de la société en formation, chaque action entièrement libérée par versement en espèces” (deed in French)
- Other provision, “attestation dépôt conforme, Code des sociétés et des associations” (deed in French)
- Other provision, “requête et arrêté des statuts, acter authentiquement” (deed in French)
- Capital, €61,500
- Other provision, “dispositions légales, prise d'effet des dispositions transitoires” (deed in French)
- Registered office clause, “1180 Uccle, avenue Hamoir 70, dépôt au greffe d'un extrait de l'acte constitutif” (deed in French)
- +6 further facts in this act
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 31 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21307F0207/00E000 | Brussels | 3.5 ha | - | - |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “L’acquisition de participations dans des sociétés exerçant des activités liées directement ou indirectement à celles exercées par les…” (deed in French)
Text of the purpose (deed in French)
“L’acquisition de participations dans des sociétés exerçant des activités liées directement ou indirectement à celles exercées par les professionnels du chiffre,à savoir,sans que cette énumération soit limitative,activités liées à la fiscalité,à la comptabilité,le secrétariat social,le conseil financier et tout autre service administratif synergique avec les opérations et la clientèle présente et à venir des sociétés acquises”
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- CATALYST
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région de Bruxelles-Capitale, sièges administratifs,agences,ateliers,dépôts,succursales Belgique et étranger par organe d'administration” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Conformément à l’article 19 des statuts : « Tous les actes qui engagent la société, en justice et dans tous les actes, sont valables s’ils…”deed of 19-02-2024
- Board ruleHow the board is made up, meets and takes decisions.
- “Composition du conseil d'administration, 4” (deed in French)“Rémunération administrateurs, à chaque nomination” (deed in French)“2” (deed in French)deed of 03-11-2022
- Power of attorneyA special mandate allowing someone to perform one or more acts on the company's behalf.
- One provision in the deeddeed of 03-11-2022
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Aucun autre droit que statuts ou loi” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Comme modification aux statuts, assemblée générale” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Organe d'administration en fonction, dissolution pour quelque raison que ce soit et à n'importe quel moment” (deed in French)“Toutes les opérations prévues par la loi, assemblée générale” (deed in French)