Concelo
ActiveSummary
Concelo has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €36k and a net result of €19k. Equity is shrinking by ~11.4% per year across the filed fiscal years. Its solvency ranks better than 95% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+2
Solvency100▲+21
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 37.68 against 2.04 in 2024; short-term debt: 2.5% and cash: 65.8% of total assets), and 2.5% 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
97.5%
Return on assets
52.3%
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 01-07-2026, 30 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
30 d early
2024
48 d early
2023
48 d early
2022
on the day
2021
51 d early
2020
9 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator 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 What other support did companies like this one receive, and it did not?Subsidy mirror How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Financials · fiscal year 2025, micro schema
Equity
€36k▲ 12.3%
2024 · €32k
Total assets
€36k▼ 37.8%
2024 · €59k
Net result
€19k▲ 40.5%
2024 · €14k
Working capital
€33k▲ 16.8%
2024 · €28k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€51k▼ 24.7%€82k▲ 60.9%€92k▲ 12.0%€18k▼ 80.1%€26k▲ 42.6%
Net result€39k▼ 24.7%€64k▲ 62.7%€72k▲ 12.9%€14k▼ 81.2%€19k▲ 40.5%
Equity€93k▲ 73.9%€157k▲ 69.1%€42k▼ 73.5%€32k▼ 23.9%€36k▲ 12.3%
Total assets€114k▲ 42.8%€186k▲ 62.8%€121k▼ 34.9%€59k▼ 51.5%€36k▼ 37.8%
Debt€21k▼ 19.5%€29k▲ 35.4%€79k▲ 174%€27k▼ 66.0%€894▼ 96.7%
Working capital€80k▲ 124%€153k▲ 90.2%€41k▼ 73.0%€28k▼ 32.0%€33k▲ 16.8%
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 2025; 2025 is 43% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €36k
Fixed assets
€3k ▼ 23.0%
Current assets
€34k ▼ 38.8%
Equity and liabilities €36k
Equity
€36k ▲ 12.3%
Debt
€894 ▼ 96.7%
Debt's share of the balance-sheet total falls from 46.0% to 2.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€27k▲
2024 · €19k
Cash flow
€20k▲
2024 · €14k
Current ratio
37.68▲
2024 · 2.04
Debt to equity
0.03▼
2024 · 0.85
ROE
53.6%▲
2024 · 42.9%
ROA
52.3%▲
2024 · 23.2%
Interest coverage
374.29▲
2024 · 279.91
Debt ≤ 1 year
€894▼
2024 · €27k
Income taxes
€7k▲
2024 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €12k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €8k | €4k | €401 | €832 | ▲ 107% |
| Other operating charges640/8 | €318 | €735 | €1k | €867 | €605 | ▼ 30.2% |
| Gross operating margin9900 | €60k | €91k | €97k | €20k | €28k | ▲ 40.7% |
| Operating profit (loss)9901 | €51k | €82k | €92k | €18k | €26k | ▲ 42.6% |
| Financial charges65/66B | €44 | €48 | €54 | €67 | €72 | ▲ 7.7% |
| Recurring financial charges65 | €44 | €48 | €54 | €67 | €72 | ▲ 7.7% |
| Profit (loss) for the period before taxes9903 | €51k | €82k | €92k | €18k | €26k | ▲ 42.8% |
| Income taxes67/77 | €12k | €18k | €20k | €5k | €7k | ▲ 49.2% |
| Profit (loss) for the period9904 | €39k | €64k | €72k | €14k | €19k | ▲ 40.5% |
| Profit (loss) for the period to be appropriated9905 | €39k | €64k | €72k | €14k | €19k | ▲ 40.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €114k | €186k | €121k | €59k | €36k | ▼ 37.8% |
| Fixed assets21/28 | €12k | €4k | €328 | €4k | €3k | ▼ 23.0% |
| Intangible fixed assets21 | - | - | - | €3k | €2k | ▼ 20.3% |
| Tangible fixed assets22/27 | €12k | €4k | €328 | €672 | €440 | ▼ 34.5% |
| Plant, machinery and equipment23 | €3k | €1k | €328 | €672 | €440 | ▼ 34.5% |
| Furniture and vehicles24 | €10k | €3k | - | - | - | - |
| Current assets29/58 | €102k | €182k | €121k | €55k | €34k | ▼ 38.8% |
| Amounts receivable within one year40/41 | €12k | €35k | €13k | €12k | €2k | ▼ 85.7% |
| Trade receivables40 | €12k | €35k | €13k | €10k | - | - |
| Other amounts receivable41 | - | - | €15 | €2k | €2k | ▼ 21.0% |
| Cash at bank and in hand54/58 | €89k | €144k | €102k | €27k | €24k | ▼ 12.5% |
| Deferred charges and accrued income490/1 | €486 | €2k | €6k | €16k | €8k | ▼ 49.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €114k | €186k | €121k | €59k | €36k | ▼ 37.8% |
| Equity10/15 | €93k | €157k | €42k | €32k | €36k | ▲ 12.3% |
| Contributions10/11 | €1k | €1k | €1k | €1k | €1k | = |
| Reserves13 | - | - | - | - | €19k | - |
| Distributable reserves133 | - | - | - | - | €19k | - |
| Profit (loss) carried forward14 | €92k | €156k | €41k | €31k | €16k | ▼ 49.5% |
| Amounts payable17/49 | €21k | €29k | €79k | €27k | €894 | ▼ 96.7% |
| Amounts payable within one year42/48 | €21k | €29k | €79k | €27k | €894 | ▼ 96.7% |
| Trade debts44 | €290 | €158 | €188 | €640 | €691 | ▲ 8.0% |
| Suppliers440/4 | €290 | €158 | €188 | €640 | €691 | ▲ 8.0% |
| Taxes, remuneration and social security45 | €21k | €28k | €9k | €3k | - | - |
| Taxes450/3 | €19k | €28k | €9k | - | - | - |
| Remuneration and social security454/9 | €3k | - | - | €3k | - | - |
| Other amounts payable47/48 | - | €600 | €71k | €24k | €203 | ▼ 99.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €39k | €64k | €72k | €14k | €19k | ▲ 40.5% |
| + Depreciation and write-downs630 | €8k | €8k | €4k | €401 | €832 | ▲ 107% |
| Operating cash flow (approximation) | €47k | €72k | €76k | €14k | €20k | ▲ 42.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-4k | €0 | ▲ 100% |
| Change in cash | - | €55k | €-43k | €-74k | €-3k | ▲ 95.4% |
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
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity times 18current ratio 37.68
Current ratio from 2.04 to 37.68; short-term debt falls from €27k to €894.
13-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €14k ▼81.2%
Net result drops to €14k, the lowest in the series; recovery starts the following year.
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2020net €72k ▲12.9%
Operating result €92k, net result €72k, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150kEq €157k ▲69.1%
3 profitable years in a row build equity to €157k.
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity doublescurrent ratio 4.75
Current ratio from 2.35 to 4.75; short-term debt falls from €27k to €21k.
22-07
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, Bertem · 1 establishment unit since 2019
Ground area
1,485 m²
Building footprint
274 m²
Volume, LiDAR
1,063 m³
2 parcels, Flanders · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
CONCELO
since 20192.289.072.118
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24061D0043/00L000 | Flanders | 767 m² | 1 · 135 m² | 11.4 m · 3 fl. |
| 24061D0043/00M000 | Flanders | 718 m² | 1 · 139 m² | 7.1 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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 210 EUR awarded · 210 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 210 EUR | 210 EUR |
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,587. 35,788 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
Founded10-05-2019
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.