Cinquanta
ActiveSummary
Cinquanta has been active since 1996 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags). The 2024 annual accounts show equity of €10,578 and a net result of €10,278. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 26% of 37964 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability90▲+90
Solvency53▲+53
Growth52▲+20
Track record92
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity short (current ratio 0.93; short-term debt: 72.2% and cash: 30.2% of total assets), and 72.2% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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
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
27.8%
Return on assets
27%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-12-2025, 126 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
126 d late
2023
40 d early
2022
26 d early
2021
31 d early
2020
57 d early
2019
74 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 17 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Turnover
€124,586
EBIT margin
10.4%
Net result
€10,278
2023 · -€5,083
Working capital
-€1,943▼ 30.6%
2023 · -€1,488
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
Line20202021202220232024
Turnover€124,586
Operating result-€1,463€3,025-€30,895-€4,868▲ 84.2%€12,992
Net result-€1,463below the sector's middle half€2,505within the sector's middle half-€31,048below the sector's middle half-€5,083below the sector's middle half▲ 83.6%€10,278within the sector's middle half
EBIT margin10.4%
Equity€32,139within the sector's middle half▼ 4.4%€34,643within the sector's middle half▲ 7.8%€3,595below the sector's middle half▼ 89.6%-€1,488below the sector's middle half€10,578below the sector's middle half
Total assets€63,026below the sector's middle half▲ 30.4%€35,023below the sector's middle half▼ 44.4%€4,537below the sector's middle half▼ 87.0%€2,729below the sector's middle half▼ 39.9%€38,085below the sector's middle half▲ 1,295%
Debt€30,887▲ 109%€379▼ 98.8%€942▲ 148%€4,217▲ 348%€27,507▲ 552%
Working capital€32,139within the sector's middle half▼ 4.7%€34,643within the sector's middle half▲ 7.8%€3,595within the sector's middle half▼ 89.6%-€1,488below the sector's middle half-€1,943below the sector's middle half▼ 30.6%
Solvency51.0%within the sector's middle half▼ 18.5pp98.9%above the sector's middle half▲ 47.9pp27.8%within the sector's middle half
Current ratio2.04within the sector's middle half▼ 1.2792.33above the sector's middle half▲ 90.290.93below the sector's middle half
Return on assets (ROA)-2.3%below the sector's middle half▼ 66.2pp7.2%within the sector's middle half▲ 9.5pp27.0%within the sector's middle half
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 returns to profit in 2024: €12,992 after a loss of €4,868 in 2023, the highest result in the available series.
Balance-sheet composition
Assets €38,085
Fixed assets
€12,522
Current assets
€25,564
Equity and liabilities €38,085
Equity
€10,578
Debt
€27,507
Debt finances 72.2% of the balance-sheet total.
Key figures and ratios
EBITDA
€15,554
Cash flow
€12,840
Debt to equity
2.60
ROE
97.2%
Interest coverage
102.73
Debt ≤ 1 year
€27,507▲
2023 · €4,217
Income taxes
€2,562
Staff costs
€18,401
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,818 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 95% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.0%
went bankrupt
3.7%
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 3,818 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 |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €124,586 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €81,500 | - |
| Remuneration, social security and pensions62 | - | - | - | - | €18,401 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | €2,562 | - |
| Other operating charges640/8 | - | €348 | €348 | €384 | €9,131 | ▲ 2,275% |
| Gross operating margin9900 | -€1,115 | €3,372 | -€30,548 | -€4,484 | €43,086 | ▲ 1,061% |
| Operating profit (loss)9901 | -€1,463 | €3,025 | -€30,895 | -€4,868 | €12,992 | ▲ 367% |
| Financial charges65/66B | - | €141 | €153 | €215 | €151 | ▼ 29.5% |
| Recurring financial charges65 | €0 | €141 | €153 | €215 | €151 | ▼ 29.5% |
| Profit (loss) for the period before taxes9903 | -€1,463 | €2,884 | -€31,048 | -€5,083 | €12,841 | ▲ 353% |
| Income taxes67/77 | - | €379 | - | - | €2,562 | - |
| Profit (loss) for the period9904 | -€1,463 | €2,505 | -€31,048 | -€5,083 | €10,278 | ▲ 302% |
| Profit (loss) for the period to be appropriated9905 | -€1,463 | €2,505 | -€31,048 | -€5,083 | €10,278 | ▲ 302% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €63,026 | €35,023 | €4,537 | €2,729 | €38,085 | ▲ 1,295% |
| Fixed assets21/28 | - | - | - | - | €12,522 | - |
| Tangible fixed assets22/27 | - | - | - | - | €12,522 | - |
| Furniture and vehicles24 | - | - | - | - | €12,522 | - |
| Current assets29/58 | €63,026 | €35,023 | €4,537 | €2,729 | €25,564 | ▲ 837% |
| Amounts receivable within one year40/41 | €43,907 | €19,666 | €838 | €855 | €14,062 | ▲ 1,544% |
| Trade receivables40 | - | €11,422 | €615 | - | €14,062 | - |
| Other amounts receivable41 | - | €8,244 | €223 | €855 | - | - |
| Cash at bank and in hand54/58 | €19,119 | €15,357 | €3,699 | €1,874 | €11,502 | ▲ 514% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €63,026 | €35,023 | €4,537 | €2,729 | €38,085 | ▲ 1,295% |
| Equity10/15 | €32,139 | €34,643 | €3,595 | -€1,488 | €10,578 | ▲ 811% |
| Contributions10/11 | - | €9,296 | €9,296 | €11,155 | €300 | ▼ 97.3% |
| Reserves13 | €2,285 | €2,285 | €2,285 | €426 | - | - |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | - | - | - |
| Reserves not available under the articles1311 | - | €1,859 | €1,859 | - | - | - |
| Distributable reserves133 | - | €426 | €426 | €426 | - | - |
| Profit (loss) carried forward14 | €20,558 | €23,062 | -€7,986 | -€13,069 | €10,278 | ▲ 179% |
| Amounts payable17/49 | €30,887 | €379 | €942 | €4,217 | €27,507 | ▲ 552% |
| Amounts payable within one year42/48 | €30,887 | €379 | €942 | €4,217 | €27,507 | ▲ 552% |
| Trade debts44 | €21,878 | - | - | €2,019 | €6,508 | ▲ 222% |
| Suppliers440/4 | - | - | - | €2,019 | €6,508 | ▲ 222% |
| Taxes, remuneration and social security45 | - | €379 | - | - | - | - |
| Taxes450/3 | - | €379 | - | - | - | - |
| Other amounts payable47/48 | - | - | €942 | €2,198 | €20,999 | ▲ 855% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,463 | €2,505 | -€31,048 | -€5,083 | €10,278 | ▲ 302% |
| + Depreciation and write-downs630 | - | - | - | - | €2,562 | - |
| Operating cash flow (approximation) | -€1,463 | €2,505 | -€31,048 | -€5,083 | €12,840 | ▲ 353% |
| Change in cash | - | -€3,762 | -€11,658 | -€1,825 | €9,628 | ▲ 627% |
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
2026
30-03
KBO administration
Address struck
event 12-02-2026
2025
04-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 126 days late
2024
31-12
Financial
Back to profitnet €10,278
Net result €10,278 after 2 loss-making years.
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€31,048
Net result drops to -€31,048, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €2,505
Net result €2,505 after one loss-making year.
31-12
Financial
Liquidity times 45current ratio 92.33
Current ratio from 2.04 to 92.33; short-term debt falls from €30,887 to €379.
04-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
18-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
08-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
03-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
11 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, Zaventem · 1 establishment unit since 1996
Ground area
698 m²
Building footprint
263 m²
Volume, LiDAR
1,975 m³
2 parcels, Flanders, Wallonia · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
668
companies at this address
See who is registered here
1 establishment unit
Rue Marie d'Oignies 70a, 1348 Ottignies-Louvain-la-Neuve
since 19962.078.337.440
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23078A0472/00L000 | Flanders | 461 m² | 1 · 192 m² | 10.8 m · 3 fl. |
| 25385B0001/02H004 | Wallonia | 236 m² | 1 · 71 m² | 8.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
FIXIS
BE 0751.614.693
Braine-l'Alleud · Eq €10,576
Theluna
BE 0756.930.887
Erpe-Mere · Eq €10,580
CEWECO
BE 0478.397.862
Boechout · Eq €10,575
KiiMETA
BE 0787.379.880
Elsene · Eq €10,583
ADVISORY MOTORS
BE 0744.914.270
Schaarbeek · Eq €10,583
Of 82,641 companies in sector 70200 we hold annual accounts for 52,636. 23,571 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
Founded16-09-1996
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0458791093
Also
9925:BE0458791093
Registered
29-07-2026
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.