CONFIAGO
ActiveSummary
CONFIAGO has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €150,510 and a net result of -€10,761. Equity is growing by ~5.9% per year across the filed fiscal years. Its solvency ranks better than 51% of 32023 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability14▲+3
Solvency81=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity ample (current ratio 6.42 against 6.81 in 2024; short-term debt: 3.7% and cash: 21.9% of total assets), and 43.6% of the assets are financed with debt.
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Signals
Five 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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€10,761
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 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 · 7 filingsDeviation from the deadline
2025
21 d late
2024
20 d late
2023
51 d late
2022
31 d late
2021
26 d early
2020
101 d late
2019
28 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 32 days after 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 21 August (4 of the last 5 filed years within 31 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€150,510▼ 6.7%
2024 · €161,271
Total assets
€266,646▼ 7.7%
2024 · €288,869
Net result
-€10,761▲ 38.0%
2024 · -€17,359
Working capital
€53,878▼ 19.1%
2024 · €66,637
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 70, Activities of head offices; management consultancy 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
Line20212022202320242025
Operating result€46,210▼ 55.5%€49,896▲ 8.0%-€11,128-€15,607▼ 40.3%-€9,151▲ 41.4%
Net result€31,453within the sector's middle half▼ 58.8%€30,949within the sector's middle half▼ 1.6%-€12,095below the sector's middle half-€17,359below the sector's middle half▼ 43.5%-€10,761below the sector's middle half▲ 38.0%
Equity€159,776within the sector's middle half▲ 23.7%€190,725within the sector's middle half▲ 19.4%€178,630within the sector's middle half▼ 6.3%€161,271within the sector's middle half▼ 9.7%€150,510within the sector's middle half▼ 6.7%
Total assets€381,365within the sector's middle half▲ 44.3%€361,490within the sector's middle half▼ 5.2%€329,284within the sector's middle half▼ 8.9%€288,869within the sector's middle half▼ 12.3%€266,646within the sector's middle half▼ 7.7%
Debt€221,589▲ 63.8%€170,764▼ 22.9%€150,654▼ 11.8%€127,598▼ 15.3%€116,136▼ 9.0%
Working capital€75,975within the sector's middle half▲ 75.2%€96,871within the sector's middle half▲ 27.5%€85,811within the sector's middle half▼ 11.4%€66,637within the sector's middle half▼ 22.3%€53,878within the sector's middle half▼ 19.1%
Solvency41.9%within the sector's middle half▼ 6.9pp52.8%within the sector's middle half▲ 10.9pp54.2%within the sector's middle half▲ 1.5pp55.8%within the sector's middle half▲ 1.6pp56.4%within the sector's middle half▲ 0.6pp
Current ratio2.07within the sector's middle half▲ 0.133.75within the sector's middle half▲ 1.684.47within the sector's middle half▲ 0.726.81above the sector's middle half▲ 2.346.42above the sector's middle half▼ 0.39
Return on assets (ROA)8.2%within the sector's middle half▼ 20.6pp8.6%within the sector's middle half▲ 0.3pp-3.7%below the sector's middle half▼ 12.2pp-6.0%below the sector's middle half▼ 2.3pp-4.0%below the sector's middle half▲ 2.0pp
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 stays negative: a loss of €9,151 in 2025 against €15,607 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €266,646
Fixed assets
€202,831 ▼ 3.8%
Current assets
€63,815 ▼ 18.3%
Equity and liabilities €266,646
Equity
€150,510 ▼ 6.7%
Debt
€116,136 ▼ 9.0%
Debt's share of the balance-sheet total falls from 44.2% to 43.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€1,212▲
2024 · -€7,634
Cash flow
-€2,822▲
2024 · -€9,385
Debt to equity
0.77▼
2024 · 0.79
ROE
-7.2%▲
2024 · -10.8%
Interest coverage
-0.64▲
2024 · -3.77
Debt ≤ 1 year
€9,937▼
2024 · €11,461
Debt > 1 year
€106,200▼
2024 · €116,136
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,441 companies that looked in July 2024 the way this one looks now, 2.3% went bankrupt within 24 months and 90% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a small loss
2.3%
went bankrupt
7.5%
stopped otherwise
90%
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 0.7% 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 3,441 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 | €8,884 | €10,651 | €10,678 | €7,974 | €7,940 | ▼ 0.4% |
| Other operating charges640/8 | €502 | €464 | €4,860 | €1,330 | €465 | ▼ 65.0% |
| Gross operating margin9900 | €55,596 | €61,010 | €4,410 | -€6,303 | -€746 | ▲ 88.2% |
| Operating profit (loss)9901 | €46,210 | €49,896 | -€11,128 | -€15,607 | -€9,151 | ▲ 41.4% |
| Financial income75/76B | €128 | - | €445 | €276 | €272 | ▼ 1.5% |
| Recurring financial income75 | €128 | - | €445 | €276 | €272 | ▼ 1.5% |
| Financial charges65/66B | €2,917 | €5,613 | €2,427 | €2,027 | €1,882 | ▼ 7.2% |
| Recurring financial charges65 | €2,917 | €5,613 | €2,427 | €2,027 | €1,882 | ▼ 7.2% |
| Profit (loss) for the period before taxes9903 | €43,421 | €44,283 | -€13,110 | -€17,359 | -€10,761 | ▲ 38.0% |
| Income taxes67/77 | €11,968 | €13,334 | -€1,015 | - | - | - |
| Profit (loss) for the period9904 | €31,453 | €30,949 | -€12,095 | -€17,359 | -€10,761 | ▲ 38.0% |
| Profit (loss) for the period to be appropriated9905 | €31,453 | €30,949 | -€12,095 | -€17,359 | -€10,761 | ▲ 38.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €381,365 | €361,490 | €329,284 | €288,869 | €266,646 | ▼ 7.7% |
| Fixed assets21/28 | €234,631 | €229,422 | €218,745 | €210,771 | €202,831 | ▼ 3.8% |
| Intangible fixed assets21 | €8,224 | €7,955 | €7,686 | €7,418 | €7,149 | ▼ 3.6% |
| Tangible fixed assets22/27 | €225,407 | €220,467 | €210,058 | €202,353 | €194,682 | ▼ 3.8% |
| Land and buildings22 | €216,982 | €210,536 | €204,090 | €197,644 | €191,198 | ▼ 3.3% |
| Plant, machinery and equipment23 | - | €4,925 | €4,380 | €3,836 | €3,292 | ▼ 14.2% |
| Furniture and vehicles24 | €8,425 | €5,006 | €1,587 | €873 | €192 | ▼ 78.0% |
| Financial fixed assets28 | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Current assets29/58 | €146,734 | €132,067 | €110,539 | €78,098 | €63,815 | ▼ 18.3% |
| Amounts receivable within one year40/41 | €40,600 | €26,372 | €22,124 | €5,743 | €5,352 | ▼ 6.8% |
| Trade receivables40 | €33,568 | €21,745 | €11,449 | €663 | - | - |
| Other amounts receivable41 | €7,032 | €4,627 | €10,675 | €5,080 | €5,352 | ▲ 5.3% |
| Cash at bank and in hand54/58 | €105,220 | €105,517 | €87,575 | €72,237 | €58,463 | ▼ 19.1% |
| Deferred charges and accrued income490/1 | €914 | €178 | €840 | €119 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €381,365 | €361,490 | €329,284 | €288,869 | €266,646 | ▼ 7.7% |
| Equity10/15 | €159,776 | €190,725 | €178,630 | €161,271 | €150,510 | ▼ 6.7% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €145,000 | €180,000 | €180,000 | €180,000 | €180,000 | = |
| Distributable reserves133 | €145,000 | €180,000 | €180,000 | €180,000 | €180,000 | = |
| Profit (loss) carried forward14 | €8,576 | €4,525 | -€7,570 | -€24,929 | -€35,690 | ▼ 43.2% |
| Amounts payable17/49 | €221,589 | €170,764 | €150,654 | €127,598 | €116,136 | ▼ 9.0% |
| Amounts payable after more than one year17 | €150,831 | €135,568 | €125,925 | €116,136 | €106,200 | ▼ 8.6% |
| Financial debts170/4 | €145,068 | €135,568 | €125,925 | €116,136 | €106,200 | ▼ 8.6% |
| Other amounts payable178/9 | €5,763 | - | - | - | - | - |
| Amounts payable within one year42/48 | €70,758 | €35,196 | €24,729 | €11,461 | €9,937 | ▼ 13.3% |
| Current portion of amounts payable after more than one year42 | €28,082 | €9,500 | €9,643 | €9,789 | €9,937 | ▲ 1.5% |
| Trade debts44 | €26,430 | €1,145 | €13,816 | €1,541 | - | - |
| Suppliers440/4 | €26,430 | €1,145 | €13,816 | €1,541 | - | - |
| Taxes, remuneration and social security45 | €15,687 | €24,551 | €1,269 | €132 | - | - |
| Taxes450/3 | €15,687 | €24,551 | €1,269 | €132 | - | - |
| Other amounts payable47/48 | €560 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €31,453 | €30,949 | -€12,095 | -€17,359 | -€10,761 | ▲ 38.0% |
| + Depreciation and write-downs630 | €8,884 | €10,651 | €10,678 | €7,974 | €7,940 | ▼ 0.4% |
| Operating cash flow (approximation) | €40,337 | €41,600 | -€1,417 | -€9,385 | -€2,822 | ▲ 69.9% |
| Investment in fixed assets (approximation) | - | -€5,442 | €0 | €0 | €0 | - |
| Change in cash | - | €296 | -€17,941 | -€15,339 | -€13,773 | ▲ 10.2% |
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
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 21 days late
2025
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
31-12
Financial
Weakest financial yearnet -€17,359
Net result drops to -€17,359, the lowest in the series; recovery starts the following year.
20-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 51 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €150,000Eq €159,776 ▲23.7%
3 profitable years in a row build equity to €159,776.
09-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 101 days late
2020
31-12
Financial
Highest result since 2019net €76,284 ▲63.6%
Operating result €103,893, net result €76,284, both a record.
31-12
Financial
Equity above €100,000Eq €129,123 ▲144%
2 profitable years in a row build equity to €129,123.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Etterbeek · 1 establishment unit since 2019
Ground area
208 m²
Building footprint
82 m²
Volume, LiDAR
960 m³
Parcel 21362B0225/00R005, Brussels · tallest building 16.4 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
CONFIAGO
since 20192.285.650.095
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21362B0225/00R005 | Brussels | 208 m² | 1 · 82 m² | 16.4 m · 5 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.
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Of 82,601 companies in this sector we hold annual accounts for 52,629. 40,823 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded19-02-2019
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Contact
E-mail
info@biauce.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0720924586
Also
9925:BE0720924586
Registered
12-12-2025
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.