Challenge Consult
ActiveSummary
Challenge Consult has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €38,374 and a net result of €10,718. Equity is growing by ~10.8% per year across the filed fiscal years. Its solvency ranks better than 81% of 9524 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability97▲+13
Solvency100▲+28
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 5.33 against 1.85 in 2023; short-term debt: 18.7% and cash: 6.9% of total assets), and 18.7% of the assets are financed with debt.
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Signals
Three 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 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
81.3%
Return on assets
22.7%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 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 · 8 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
28 d late
2022
27 d late
2021
22 d late
2020
27 d late
2019
26 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 18 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€38,374▲ 38.8%
2023 · €27,655
Total assets
€47,174▼ 20.5%
2023 · €59,370
Net result
€10,718▲ 49.0%
2023 · €7,195
Working capital
€38,116▲ 41.7%
2023 · €26,892
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€22,003▲ 17.5%€6,520▼ 70.4%€19,435▲ 198%€10,132▼ 47.9%€14,645▲ 44.5%
Net result€16,572within the sector's middle half▲ 17.1%€4,746within the sector's middle half▼ 71.4%€14,385within the sector's middle half▲ 203%€7,195within the sector's middle half▼ 50.0%€10,718within the sector's middle half▲ 49.0%
Equity€37,158within the sector's middle half▲ 27.3%€25,304within the sector's middle half▼ 31.9%€39,689within the sector's middle half▲ 56.8%€27,655within the sector's middle half▼ 30.3%€38,374within the sector's middle half▲ 38.8%
Total assets€44,901below the sector's middle half▲ 8.3%€35,023below the sector's middle half▼ 22.0%€54,744below the sector's middle half▲ 56.3%€59,370within the sector's middle half▲ 8.5%€47,174below the sector's middle half▼ 20.5%
Debt€7,743▼ 36.8%€9,719▲ 25.5%€15,055▲ 54.9%€31,714▲ 111%€8,800▼ 72.3%
Working capital€36,363within the sector's middle half▲ 30.3%€23,917within the sector's middle half▼ 34.2%€38,174within the sector's middle half▲ 59.6%€26,892within the sector's middle half▼ 29.6%€38,116within the sector's middle half▲ 41.7%
Solvency82.8%above the sector's middle half▲ 12.3pp72.2%within the sector's middle half▼ 10.5pp72.5%within the sector's middle half▲ 0.2pp46.6%within the sector's middle half▼ 25.9pp81.3%above the sector's middle half▲ 34.8pp
Current ratio5.70above the sector's middle half▲ 2.423.46within the sector's middle half▼ 2.243.54within the sector's middle half▲ 0.071.85within the sector's middle half▼ 1.695.33above the sector's middle half▲ 3.48
Return on assets (ROA)36.9%above the sector's middle half▲ 2.8pp13.6%within the sector's middle half▼ 23.4pp26.3%above the sector's middle half▲ 12.7pp12.1%within the sector's middle half▼ 14.2pp22.7%within the sector's middle half▲ 10.6pp
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support 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 recovers in 2024; 2024 is 45% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €47,174
Fixed assets
€258 ▼ 66.2%
Current assets
€46,916 ▼ 19.9%
Equity and liabilities €47,174
Equity
€38,374 ▲ 38.8%
Debt
€8,800 ▼ 72.3%
Debt's share of the balance-sheet total falls from 53.4% to 18.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€15,150▲
2023 · €10,883
Cash flow
€11,224▲
2023 · €7,947
Debt to equity
0.23▼
2023 · 1.15
ROE
27.9%▲
2023 · 26.0%
Interest coverage
30.59▼
2023 · 38.16
Debt ≤ 1 year
€8,800▼
2023 · €31,714
Income taxes
€4,562▲
2023 · €3,436
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 26,975 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,063 | €801 | €658 | €752 | €506 | ▼ 32.7% |
| Other operating charges640/8 | - | €477 | €830 | €1,260 | €1,872 | ▲ 48.6% |
| Gross operating margin9900 | €23,934 | €7,798 | €20,924 | €12,143 | €17,022 | ▲ 40.2% |
| Operating profit (loss)9901 | €22,003 | €6,520 | €19,435 | €10,132 | €14,645 | ▲ 44.5% |
| Financial income75/76B | - | €461 | €218 | €786 | €1,131 | ▲ 44.0% |
| Recurring financial income75 | €357 | €461 | €218 | €786 | €1,131 | ▲ 44.0% |
| Financial charges65/66B | - | €109 | €191 | €285 | €495 | ▲ 73.7% |
| Recurring financial charges65 | €549 | €109 | €191 | €285 | €495 | ▲ 73.7% |
| Profit (loss) for the period before taxes9903 | €21,812 | €6,871 | €19,462 | €10,632 | €15,280 | ▲ 43.7% |
| Income taxes67/77 | €5,239 | €2,125 | €5,077 | €3,436 | €4,562 | ▲ 32.8% |
| Profit (loss) for the period9904 | €16,572 | €4,746 | €14,385 | €7,195 | €10,718 | ▲ 49.0% |
| Profit (loss) for the period to be appropriated9905 | €16,572 | €4,746 | €14,385 | €7,195 | €10,718 | ▲ 49.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €44,901 | €35,023 | €54,744 | €59,370 | €47,174 | ▼ 20.5% |
| Fixed assets21/28 | €795 | €1,387 | €1,515 | €763 | €258 | ▼ 66.2% |
| Tangible fixed assets22/27 | €795 | €1,387 | €1,515 | €763 | €258 | ▼ 66.2% |
| Furniture and vehicles24 | - | €1,387 | €1,515 | €763 | €258 | ▼ 66.2% |
| Current assets29/58 | €44,106 | €33,636 | €53,229 | €58,607 | €46,916 | ▼ 19.9% |
| Amounts receivable after more than one year29 | - | €0 | - | - | - | - |
| Other amounts receivable291 | - | €0 | - | - | - | - |
| Amounts receivable within one year40/41 | €15,936 | €28,684 | €25,719 | €52,244 | €42,232 | ▼ 19.2% |
| Trade receivables40 | - | €22,065 | €21,734 | €25,500 | €28,175 | ▲ 10.5% |
| Other amounts receivable41 | - | €6,619 | €3,985 | €26,744 | €14,057 | ▼ 47.4% |
| Cash at bank and in hand54/58 | €14,532 | €4,110 | €26,938 | €5,192 | €3,234 | ▼ 37.7% |
| Deferred charges and accrued income490/1 | - | €842 | €571 | €1,170 | €1,450 | ▲ 23.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €44,901 | €35,023 | €54,744 | €59,370 | €47,174 | ▼ 20.5% |
| Equity10/15 | €37,158 | €25,304 | €39,689 | €27,655 | €38,374 | ▲ 38.8% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €16,698 | €4,844 | €19,229 | €7,195 | €17,914 | ▲ 149% |
| Amounts payable17/49 | €7,743 | €9,719 | €15,055 | €31,714 | €8,800 | ▼ 72.3% |
| Amounts payable within one year42/48 | €7,743 | €9,719 | €15,055 | €31,714 | €8,800 | ▼ 72.3% |
| Trade debts44 | €1,463 | €3,306 | €2,792 | €2,608 | €4,325 | ▲ 65.8% |
| Suppliers440/4 | - | €3,306 | €2,792 | €2,608 | €4,325 | ▲ 65.8% |
| Taxes, remuneration and social security45 | - | €6,413 | €12,263 | €9,877 | €4,475 | ▼ 54.7% |
| Taxes450/3 | - | €6,413 | €12,263 | €9,877 | €4,475 | ▼ 54.7% |
| Other amounts payable47/48 | - | - | - | €19,229 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,572 | €4,746 | €14,385 | €7,195 | €10,718 | ▲ 49.0% |
| + Depreciation and write-downs630 | €1,063 | €801 | €658 | €752 | €506 | ▼ 32.7% |
| Operating cash flow (approximation) | €17,635 | €5,547 | €15,043 | €7,947 | €11,224 | ▲ 41.2% |
| Investment in fixed assets (approximation) | - | -€1,393 | -€786 | €0 | €0 | - |
| Change in cash | - | -€10,422 | €22,828 | -€21,746 | -€1,958 | ▲ 91.0% |
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
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Liquidity triplescurrent ratio 5.33
Current ratio from 1.85 to 5.33; short-term debt falls from €31,714 to €8,800.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
27-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 27 days late
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-12
Financial
Highest result since 2018net €16,572 ▲17.1%
Operating result €22,003, net result €16,572, both a record.
05-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity doublescurrent ratio 3.28
Current ratio from 1.43 to 3.28; short-term debt falls from €21,799 to €12,257.
22-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
15-07
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 4 acts read
About the unread acts
We know of 4 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
4 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, Begijnendijk · 1 establishment unit since 2017
Ground area
669 m²
Building footprint
106 m²
Parcel 24010B0314/00P000, Flanders · tallest building 0.1 m. Linked by address, not a title deed.
1 establishment unit
Aarschotsesteenweg 48A, 3130 Begijnendijk
since 20172.264.793.612
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24010B0314/00P000 | Flanders | 669 m² | 1 · 106 m² | 0.1 m |
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 11,218 companies in sector 82100 we hold annual accounts for 3,517. 2,481 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
Founded29-05-2017
Fiscal year end31-12
Activities, NACEBEL 2025
82100Office administrative and support services
74999Other professional, scientific and technical activities
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0676383473
Also
9925:BE0676383473
Registered
03-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.