CEWE CONSULT
ActiveSummary
CEWE CONSULT has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €467,642 and a net result of €74,945. Equity is growing by ~31.9% per year across the filed fiscal years. Its solvency ranks better than 67% of 31942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▼-14
Solvency97▼-3
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity ample (current ratio 54.79 against 25.2 in 2024; short-term debt: 1.8% and cash: 83.1% of total assets), and 27.9% 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+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
72.1%
Return on assets
11.6%
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 20-04-2026, 102 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
102 d early
2024
56 d early
2023
16 d early
2022
87 d early
2021
3 d early
2020
18 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 47 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 5 June (4 of the last 5 filed years within 46 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Equity
€467,642▼ 17.1%
2024 · €564,017
Total assets
€648,724▲ 10.2%
2024 · €588,416
Net result
€74,945▼ 43.8%
2024 · €133,249
Working capital
€630,767▲ 13.5%
2024 · €555,789
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€137,417▲ 31.9%€194,266▲ 41.4%€189,380▼ 2.5%€186,525▼ 1.5%€101,644▼ 45.5%
Net result€101,457above the sector's middle half▲ 32.0%€129,393above the sector's middle half▲ 27.5%€127,888above the sector's middle half▼ 1.2%€133,249above the sector's middle half▲ 4.2%€74,945above the sector's middle half▼ 43.8%
Equity€174,320within the sector's middle half▲ 118%€303,713above the sector's middle half▲ 74.2%€430,768above the sector's middle half▲ 41.8%€564,017above the sector's middle half▲ 30.9%€467,642above the sector's middle half▼ 17.1%
Total assets€218,820within the sector's middle half▲ 94.1%€391,188within the sector's middle half▲ 78.8%€456,413within the sector's middle half▲ 16.7%€588,416above the sector's middle half▲ 28.9%€648,724above the sector's middle half▲ 10.2%
Debt€44,500▲ 35.3%€87,474▲ 96.6%€25,645▼ 70.7%€24,399▼ 4.9%€181,082▲ 642%
Working capital€174,043above the sector's middle half▲ 93.4%€297,687above the sector's middle half▲ 71.0%€425,254above the sector's middle half▲ 42.9%€555,789above the sector's middle half▲ 30.7%€630,767above the sector's middle half▲ 13.5%
Solvency79.7%above the sector's middle half▲ 8.8pp77.6%above the sector's middle half▼ 2.0pp94.4%above the sector's middle half▲ 16.7pp95.9%above the sector's middle half▲ 1.5pp72.1%within the sector's middle half▼ 23.8pp
Current ratio4.94above the sector's middle half▼ 0.204.86above the sector's middle half▼ 0.0824.12above the sector's middle half▲ 19.2625.20above the sector's middle half▲ 1.0954.79above the sector's middle half▲ 29.58
Return on assets (ROA)46.4%above the sector's middle half▼ 21.8pp33.1%above the sector's middle half▼ 13.3pp28.0%within the sector's middle half▼ 5.1pp22.6%within the sector's middle half▼ 5.4pp11.6%within the sector's middle half▼ 11.1pp
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 micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 46% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €648,724
Fixed assets
€6,230 ▼ 35.5%
Current assets
€642,494 ▲ 11.0%
Equity and liabilities €648,724
Equity
€467,642 ▼ 17.1%
Debt
€181,082 ▲ 642%
Debt's share of the balance-sheet total rises from 4.1% to 27.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€105,078▼
2024 · €189,941
Cash flow
€78,379▼
2024 · €136,665
Debt to equity
0.39▲
2024 · 0.04
ROE
16.0%▼
2024 · 23.6%
Interest coverage
17.71▼
2024 · 1531.04
Debt ≤ 1 year
€11,727▼
2024 · €22,964
Debt > 1 year
€162,494▲
2024 · €1,435
Income taxes
€20,767▼
2024 · €63,933
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,778 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
2.6%
stopped otherwise
97%
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 0.3% 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 497,662 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% | 1.7% |
| 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 75% 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 6,778 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 | €452 | €1,055 | €3,585 | €3,416 | €3,433 | ▲ 0.5% |
| Other operating charges640/8 | €969 | €1,437 | €1,251 | €890 | €1,038 | ▲ 16.6% |
| Non-recurring operating charges66A | - | €11,030 | - | - | - | - |
| Gross operating margin9900 | €138,839 | €207,789 | €194,217 | €190,832 | €106,116 | ▼ 44.4% |
| Operating profit (loss)9901 | €137,417 | €194,266 | €189,380 | €186,525 | €101,644 | ▼ 45.5% |
| Financial income75/76B | - | €0 | €22 | €10,781 | €0 | ▼ 100.0% |
| Recurring financial income75 | - | €0 | €22 | €10,781 | €0 | ▼ 100.0% |
| Financial charges65/66B | €106 | €82 | €110 | €124 | €5,932 | ▲ 4,682% |
| Recurring financial charges65 | €106 | €82 | €110 | €124 | €5,932 | ▲ 4,682% |
| Profit (loss) for the period before taxes9903 | €137,311 | €194,184 | €189,292 | €197,182 | €95,712 | ▼ 51.5% |
| Income taxes67/77 | €35,854 | €64,791 | €61,405 | €63,933 | €20,767 | ▼ 67.5% |
| Profit (loss) for the period9904 | €101,457 | €129,393 | €127,888 | €133,249 | €74,945 | ▼ 43.8% |
| Profit (loss) for the period to be appropriated9905 | €101,457 | €129,393 | €127,888 | €133,249 | €74,945 | ▼ 43.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €218,820 | €391,188 | €456,413 | €588,416 | €648,724 | ▲ 10.2% |
| Fixed assets21/28 | €554 | €16,348 | €12,762 | €9,664 | €6,230 | ▼ 35.5% |
| Tangible fixed assets22/27 | €514 | €16,308 | €12,722 | €9,624 | €6,190 | ▼ 35.7% |
| Furniture and vehicles24 | €514 | €16,308 | €12,722 | €9,624 | €6,190 | ▼ 35.7% |
| Financial fixed assets28 | €40 | €40 | €40 | €40 | €40 | = |
| Current assets29/58 | €218,266 | €374,840 | €443,651 | €578,752 | €642,494 | ▲ 11.0% |
| Amounts receivable within one year40/41 | €16,638 | €31,928 | €70,101 | €64,868 | €102,414 | ▲ 57.9% |
| Trade receivables40 | €16,638 | €31,928 | €70,101 | €64,868 | €73,181 | ▲ 12.8% |
| Other amounts receivable41 | - | - | - | - | €29,233 | - |
| Current investments50/53 | - | - | €350,000 | - | - | - |
| Cash at bank and in hand54/58 | €201,316 | €341,025 | €22,368 | €511,784 | €538,952 | ▲ 5.3% |
| Deferred charges and accrued income490/1 | €312 | €1,887 | €1,182 | €2,100 | €1,128 | ▼ 46.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €218,820 | €391,188 | €456,413 | €588,416 | €648,724 | ▲ 10.2% |
| Equity10/15 | €174,320 | €303,713 | €430,768 | €564,017 | €467,642 | ▼ 17.1% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €171,320 | €300,713 | €427,768 | €561,017 | €464,642 | ▼ 17.2% |
| Distributable reserves133 | €171,320 | €300,713 | €427,768 | €561,017 | €464,642 | ▼ 17.2% |
| Amounts payable17/49 | €44,500 | €87,474 | €25,645 | €24,399 | €181,082 | ▲ 642% |
| Amounts payable after more than one year17 | €277 | €10,321 | €7,248 | €1,435 | €162,494 | ▲ 11,221% |
| Other amounts payable178/9 | €277 | €10,321 | €7,248 | €1,435 | €162,494 | ▲ 11,221% |
| Amounts payable within one year42/48 | €44,223 | €77,153 | €18,397 | €22,964 | €11,727 | ▼ 48.9% |
| Trade debts44 | €471 | €1,204 | €627 | €1,656 | €403 | ▼ 75.7% |
| Suppliers440/4 | €471 | €1,204 | €627 | €1,656 | €403 | ▼ 75.7% |
| Taxes, remuneration and social security45 | €43,752 | €75,950 | €16,936 | €21,307 | €11,324 | ▼ 46.9% |
| Taxes450/3 | €43,752 | €73,700 | €16,936 | €18,307 | €11,324 | ▼ 38.1% |
| Remuneration and social security454/9 | - | €2,250 | - | €3,000 | - | - |
| Other amounts payable47/48 | - | - | €833 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €6,862 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €101,457 | €129,393 | €127,888 | €133,249 | €74,945 | ▼ 43.8% |
| + Depreciation and write-downs630 | €452 | €1,055 | €3,585 | €3,416 | €3,433 | ▲ 0.5% |
| Operating cash flow (approximation) | €101,909 | €130,448 | €131,473 | €136,665 | €78,379 | ▼ 42.6% |
| Investment in fixed assets (approximation) | - | -€16,849 | €0 | -€318 | €0 | ▲ 100% |
| Change in cash | - | €139,709 | -€318,658 | €489,417 | €27,167 | ▼ 94.4% |
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
20-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €74,945 ▼43.8%
Net result drops to €74,945, the lowest in the series.
31-12
Financial
Liquidity doublescurrent ratio 54.79
Current ratio from 25.20 to 54.79; short-term debt falls from €22,964 to €11,727.
05-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2020net €133,249 ▲4.2%
Net result €133,249, the highest in the series.
31-12
Financial
Equity above €500,000Eq €564,017 ▲30.9%
5 profitable years in a row build equity to €564,017.
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity times 5current ratio 24.12
Current ratio from 4.86 to 24.12; short-term debt falls from €77,153 to €18,397.
05-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200,000Eq €303,713 ▲74.2%
3 profitable years in a row build equity to €303,713.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €150,000Eq €174,320 ▲118%
2 profitable years in a row build equity to €174,320.
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Gent · 1 establishment unit since 2020
Ground area
359 m²
Building footprint
134 m²
Volume, LiDAR
758 m³
Parcel 44038A0691/53H000, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CEWE CONSULT
since 20202.299.114.586
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44038A0691/53H000 | Flanders | 359 m² | 1 · 134 m² | 7.6 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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 498 EUR awarded · 498 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 498 EUR | 498 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
984500E6365F08454D93
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,629. 35,213 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
Founded11-02-2020
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
82990Other business support services
96230Day spas, saunas and steam baths
E-invoicing
Reachable via Peppol
Peppol ID
0208:0743510740
Also
9925:BE0743510740
Registered
16-05-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.