COMBO-CONSULT
COMBO-CONSULT has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-8k) and a net result of €-2k. Equity is shrinking by ~90.8% per year across the filed fiscal years. Its solvency ranks better than 5% of 31061 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
| Equity | €-8k |
| Net result | €-2k |
| Better than sector | 5% |
| Active | 20 yrs |
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -295.0% | 55.9% | |
| Net result | €-2k | €27k | |
| Equity | €-8k | €83k | |
| Gross operating margin | €6k | €53k | |
| Total assets | €3k | €186k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €1k | €5k | €3k | €7k | €8k |
| Net profit | €-2k | €-4k | €-5k | €-1k | €4k |
| Cash flow | €-2k | €739 | €-29 | €3k | €6k |
| Staff costs | - | - | - | - | - |
| Income taxes | €320 | €913 | €666 | €3k | €190 |
| Dividends | - | - | - | - | - |
| Total assets | €3k | €25k | €28k | €42k | €22k |
| Equity | €-8k | €-7k | €-3k | €2k | €3k |
| Debt | €11k | €32k | €30k | €41k | €19k |
| of which ≤ 1y | €11k | €25k | €25k | €40k | €19k |
| of which > 1y | - | - | - | - | - |
| Working capital | €-8k | €-15k | €-17k | €-32k | €-9k |
| Employees (FTE) | - | - | - | - | - |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 0.25 | 0.39 | 0.33 | 0.20 | 0.51 |
| Quick ratio | 0.25 | 0.35 | 0.24 | 0.12 | 0.35 |
| Working capital ratio | -295.0% | -60.9% | -60.7% | -76.5% | -41.6% |
| Solvency | -295.0% | -26.8% | -9.9% | 4.6% | 15.3% |
| Debt / equity | -1.34 | -4.73 | -11.06 | 20.78 | 5.53 |
| Long-term debt ratio | - | - | - | - | - |
| Interest coverage | 0.48 | 1.49 | 1.19 | 4.72 | 4.10 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | -58.2% | -15.8% | -17.0% | -3.4% | 17.5% |
| ROE | 19.7% | 58.8% | 171.0% | -73.4% | 114.5% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (24 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €3k | €25k | €28k | €42k | €22k |
| Fixed assets | 21/28 | €0 | €15k | €19k | €35k | €13k |
| Formation expenses | 20 | - | - | - | €0 | €0 |
| Tangible fixed assets | 22/27 | €0 | €15k | €19k | €35k | €13k |
| Current assets | 29/58 | €3k | €10k | €8k | €8k | €10k |
| Stocks & contracts in progress | 3 | €0 | €871 | €2k | €3k | €3k |
| Amounts receivable within one year | 40/41 | €3k | €2k | €3k | €238 | €6k |
| Cash & bank | 54/58 | €8 | €8 | €8 | €803 | €259 |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €3k | €25k | €28k | €42k | €22k |
| Equity | 10/15 | €-8k | €-7k | €-3k | €2k | €3k |
| Contributions / capital | 10/11 | €6k | €6k | €6k | €6k | €6k |
| Reserves | 13 | €7k | €7k | €7k | €7k | €7k |
| Accumulated profits (losses) | 14 | €-22k | €-20k | €-16k | €-12k | €-10k |
| Amounts payable | 17/49 | €11k | €32k | €30k | €41k | €19k |
| Amounts payable within one year | 42/48 | €11k | €25k | €25k | €40k | €19k |
| Trade debts payable within one year | 44 | €475 | €2k | €2k | €4k | €1k |
| Income statement | ||||||
| Gross operating margin | 9900 | €6k | €6k | €4k | €8k | €10k |
| Operating result | 9901 | €1k | €293 | €-1k | €3k | €6k |
| Financial income | 75 | €5 | €19 | €96 | €52 | €39 |
| Financial charges | 65 | €3k | €3k | €3k | €1k | €2k |
| Result before taxes | 9903 | €-1k | €-3k | €-4k | €1k | €4k |
| Income taxes | 67/77 | €320 | €913 | €666 | €3k | €190 |
| Net result for the period | 9904 | €-2k | €-4k | €-5k | €-1k | €4k |
| Result to be appropriated | 9905 | €-2k | €-4k | €-5k | €-1k | €4k |
| NACE primary | Business and other management consultancy(70200) |
| Legal form | Private limited company(610) |
| Incorporation | 29-09-2005 |
| Status | Active |
| Postal code | 2160 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11052C0585/00T002 | Flanders | 1.0 ha | 1 · 2,288 m² | 14.7 m · 4 fl. |
| 11015A0212/00D002 | Flanders | 439 m² | 1 · 142 m² | 10.5 m · 2 fl. |
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
04-09-2026 Act object · General meeting · Seat change · Officer appointment
- Act object: ZETEL, ONTSLAGEN, BENOEMINGEN · TZIVA
- Publication: 2026-09-04 · TZIVA
- Filing: 2026-09-02 · TZIVA
- General meeting: 2026-07-24 · TZIVA
- Seat change: to: Nijverheidsstraat 70, 2160 Wommelgem, from: Frankrijklei 102 1, 2000 Antwerpen, effective_date: 2026-07-24 · TZIVA
- Officer appointment: role: bestuurder, term: onbepaalde duur, start_date: 2026-07-24 · COMBO-CONSULT
- Permanent representative · Kurt Vande Casteele
- Officer resignation: role: bestuurder, end_date: 2026-07-24 · Tim Tzirtziganis
- Officer resignation: role: bestuurder, end_date: 2026-07-24 · Lauren Van Ghyseghem
- Filing representative · Aydir Abdessamad
Technical details
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}| Legal nameNL | COMBO-CONSULT |
| Trade nameNL | Combo Consult, deMadre, deMadre Studio, deMadre Sport |