CONRAD CONSULTING
ActiveSummary
CONRAD CONSULTING has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €890,534 and a net result of €14,806. Equity is growing by ~4.5% per year across the filed fiscal years. Its solvency ranks better than 77% of 718 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▼-7
Solvency99▲+20
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70,000 at 30 days acceptable
Liquidity ample (current ratio 2.28 against 2.43 in 2024; short-term debt: 18.5% and cash: 15.1% of total assets), and 26% 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○neutral
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
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
74%
Return on assets
1.2%
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 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
37 d early
2023
23 d early
2022
40 d early
2021
40 d early
2020
31 d late
2019
44 d early
← 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 25 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% 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 24 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€14,806▼ 86.5%
2024 · €109,393
Working capital
€285,132▼ 45.4%
2024 · €522,679
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations 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
Line20212022202320242025
Operating result€83,225€102,947▲ 23.7%€43,020▼ 58.2%€169,992▲ 295%€33,898▼ 80.1%
Net result€79,484within the sector's middle half€84,040within the sector's middle half▲ 5.7%€24,174within the sector's middle half▼ 71.2%€109,393above the sector's middle half▲ 353%€14,806within the sector's middle half▼ 86.5%
Equity€721,622above the sector's middle half▲ 12.3%€742,162above the sector's middle half▲ 2.8%€766,336above the sector's middle half▲ 3.3%€875,729above the sector's middle half▲ 14.3%€890,534within the sector's middle half▲ 1.7%
Total assets€1.0mwithin the sector's middle half▲ 17.9%€1.3mwithin the sector's middle half▲ 24.3%€1.3mwithin the sector's middle half▲ 2.0%€1.6mwithin the sector's middle half▲ 27.9%€1.2mwithin the sector's middle half▼ 26.4%
Debt€288,378▲ 34.6%€513,227▲ 78.0%€513,618▲ 0.1%€760,976▲ 48.2%€313,642▼ 58.8%
Working capital€211,741within the sector's middle half▲ 17.6%€173,644within the sector's middle half▼ 18.0%€194,381within the sector's middle half▲ 11.9%€522,679above the sector's middle half▲ 169%€285,132within the sector's middle half▼ 45.4%
Solvency71.4%above the sector's middle half▼ 3.5pp59.1%within the sector's middle half▼ 12.3pp59.9%within the sector's middle half▲ 0.8pp53.5%within the sector's middle half▼ 6.4pp74.0%above the sector's middle half▲ 20.4pp
Current ratio2.24within the sector's middle half▼ 0.791.52within the sector's middle half▼ 0.731.60within the sector's middle half▲ 0.082.43within the sector's middle half▲ 0.832.28within the sector's middle half▼ 0.15
Return on assets (ROA)7.9%within the sector's middle half▲ 11.8pp6.7%within the sector's middle half▼ 1.2pp1.9%within the sector's middle half▼ 4.8pp6.7%within the sector's middle half▲ 4.8pp1.2%within the sector's middle half▼ 5.5pp
Staff (FTE)4.6within the sector's middle half▼ 9.8%6within the sector's middle half▲ 30.4%6within the sector's middle half=6within the sector's middle half=6.1within the sector's middle half▲ 1.7%
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 80% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.2m
Fixed assets
€696,811 ▼ 6.9%
Current assets
€507,365 ▼ 42.9%
Equity and liabilities €1.2m
Equity
€890,534 ▲ 1.7%
Debt
€313,642 ▼ 58.8%
Debt's share of the balance-sheet total falls from 46.5% to 26.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€104,540▼
2024 · €242,626
Cash flow
€85,447▼
2024 · €182,028
Debt to equity
0.35▼
2024 · 0.87
ROE
1.7%▼
2024 · 12.5%
Interest coverage
25.55▼
2024 · 43.07
Debt ≤ 1 year
€222,233▼
2024 · €365,554
Debt > 1 year
€21,409▼
2024 · €36,022
Income taxes
€15,038▼
2024 · €55,059
Staff costs
€315,892▲
2024 · €306,622
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,039 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
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 0.2% 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 497,338 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% | 1.9% |
| 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 17,039 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €117,263 | €241,226 | €256,804 | €306,622 | €315,892 | ▲ 3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €50,300 | €49,027 | €65,517 | €72,634 | €70,641 | ▼ 2.7% |
| Other operating charges640/8 | €24,206 | €18,455 | €28,823 | €7,332 | €18,886 | ▲ 158% |
| Non-recurring operating charges66A | - | - | €8,832 | €10,000 | €1,873 | ▼ 81.3% |
| Gross operating margin9900 | €274,994 | €411,655 | €402,995 | €566,581 | €441,191 | ▼ 22.1% |
| Operating profit (loss)9901 | €83,225 | €102,947 | €43,020 | €169,992 | €33,898 | ▼ 80.1% |
| Financial income75/76B | €524 | €272 | €757 | €94 | €37 | ▼ 61.0% |
| Recurring financial income75 | €524 | €272 | €757 | €94 | €37 | ▼ 61.0% |
| Financial charges65/66B | €2,244 | €3,143 | €4,442 | €5,633 | €4,091 | ▼ 27.4% |
| Recurring financial charges65 | €2,244 | €3,143 | €4,442 | €5,633 | €4,091 | ▼ 27.4% |
| Profit (loss) for the period before taxes9903 | €81,505 | €100,076 | €39,336 | €164,452 | €29,843 | ▼ 81.9% |
| Transfer from deferred taxes780 | €109 | €0 | - | - | - | - |
| Income taxes67/77 | €2,130 | €16,036 | €15,162 | €55,059 | €15,038 | ▼ 72.7% |
| Profit (loss) for the period9904 | €79,484 | €84,040 | €24,174 | €109,393 | €14,806 | ▼ 86.5% |
| Transfer from tax-exempt reserves789 | €14,340 | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €93,825 | €84,040 | €24,174 | €109,393 | €14,806 | ▼ 86.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.0m | €1.3m | €1.3m | €1.6m | €1.2m | ▼ 26.4% |
| Fixed assets21/28 | €628,160 | €744,702 | €761,003 | €748,472 | €696,811 | ▼ 6.9% |
| Intangible fixed assets21 | €10,613 | €6,738 | €2,862 | €237 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €617,548 | €737,964 | €758,141 | €748,234 | €696,811 | ▼ 6.9% |
| Land and buildings22 | €535,450 | €557,673 | €598,862 | €611,985 | €600,946 | ▼ 1.8% |
| Plant, machinery and equipment23 | €10,459 | €27,505 | €48,404 | €41,206 | €34,202 | ▼ 17.0% |
| Furniture and vehicles24 | €53,976 | €143,955 | €110,874 | €95,043 | €61,663 | ▼ 35.1% |
| Leasing and similar rights25 | €17,663 | €8,832 | €0 | - | - | - |
| Current assets29/58 | €381,840 | €510,687 | €518,951 | €888,233 | €507,365 | ▼ 42.9% |
| Amounts receivable within one year40/41 | €211,518 | €251,542 | €386,924 | €646,031 | €326,104 | ▼ 49.5% |
| Trade receivables40 | €167,850 | €169,411 | €308,327 | €585,375 | €262,184 | ▼ 55.2% |
| Other amounts receivable41 | €43,668 | €82,131 | €78,598 | €60,656 | €63,921 | ▲ 5.4% |
| Cash at bank and in hand54/58 | €169,949 | €242,901 | €117,817 | €242,202 | €181,260 | ▼ 25.2% |
| Deferred charges and accrued income490/1 | €372 | €16,244 | €14,209 | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.0m | €1.3m | €1.3m | €1.6m | €1.2m | ▼ 26.4% |
| Equity10/15 | €721,622 | €742,162 | €766,336 | €875,729 | €890,534 | ▲ 1.7% |
| Contributions10/11 | €125,000 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | €0 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | €0 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Outside capital11 | €125,000 | €0 | - | - | - | - |
| Other1109/19 | €125,000 | €0 | - | - | - | - |
| Revaluation surpluses12 | €444,612 | €444,612 | €444,612 | €444,612 | €444,612 | = |
| Reserves13 | €167,085 | €236,049 | €260,223 | €369,616 | €384,422 | ▲ 4.0% |
| Non-distributable reserves130/1 | €6,800 | €6,800 | €6,800 | €6,800 | €6,800 | = |
| Legal reserve130 | €0 | €6,800 | €6,800 | €6,800 | €6,800 | = |
| Reserves not available under the articles1311 | €6,800 | €0 | - | - | - | - |
| Tax-exempt reserves132 | €0 | - | - | - | - | - |
| Distributable reserves133 | €160,285 | €229,249 | €253,423 | €362,816 | €377,622 | ▲ 4.1% |
| Profit (loss) carried forward14 | -€15,075 | €0 | - | - | - | - |
| Investment grants15 | €0 | - | - | - | - | - |
| Provisions and deferred taxes16 | €0 | - | - | - | - | - |
| Deferred taxes168 | €0 | - | - | - | - | - |
| Amounts payable17/49 | €288,378 | €513,227 | €513,618 | €760,976 | €313,642 | ▼ 58.8% |
| Amounts payable after more than one year17 | €68,781 | €126,154 | €98,234 | €36,022 | €21,409 | ▼ 40.6% |
| Financial debts170/4 | €68,781 | €126,154 | €98,234 | €36,022 | €21,409 | ▼ 40.6% |
| Amounts payable within one year42/48 | €170,098 | €337,044 | €324,570 | €365,554 | €222,233 | ▼ 39.2% |
| Current portion of amounts payable after more than one year42 | €39,483 | €73,117 | €78,616 | €62,212 | €14,613 | ▼ 76.5% |
| Trade debts44 | €113,414 | €239,067 | €176,704 | €197,715 | €107,738 | ▼ 45.5% |
| Suppliers440/4 | €113,414 | €239,067 | €176,704 | €197,715 | €107,738 | ▼ 45.5% |
| Taxes, remuneration and social security45 | €17,202 | €24,859 | €69,250 | €105,627 | €99,881 | ▼ 5.4% |
| Taxes450/3 | €2,620 | €2,219 | €41,993 | €75,230 | €64,780 | ▼ 13.9% |
| Remuneration and social security454/9 | €14,582 | €22,640 | €27,257 | €30,397 | €35,102 | ▲ 15.5% |
| Accrued charges and deferred income492/3 | €49,499 | €50,029 | €90,814 | €359,400 | €70,000 | ▼ 80.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €79,484 | €84,040 | €24,174 | €109,393 | €14,806 | ▼ 86.5% |
| + Depreciation and write-downs630 | €50,300 | €49,027 | €65,517 | €72,634 | €70,641 | ▼ 2.7% |
| Operating cash flow (approximation) | €129,785 | €133,067 | €89,691 | €182,028 | €85,447 | ▼ 53.1% |
| Investment in fixed assets (approximation) | - | -€165,569 | -€81,818 | -€60,103 | -€18,981 | ▲ 68.4% |
| Change in cash | - | €72,951 | -€125,083 | €124,385 | -€60,942 | ▼ 149% |
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
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €109,393 ▲353%
Operating result €169,992, net result €109,393, both a record.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €79,484
Net result €79,484 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet -€34,075
Net result drops to -€34,075, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 3.04
Current ratio from 1.24 to 3.04; short-term debt falls from €365,508 to €88,455.
17-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated 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, Hasselt · 1 establishment unit since 1990
Ground area
2,607 m²
Building footprint
244 m²
Volume, LiDAR
1,296 m³
Parcel 71483C0085/00G000, Flanders · tallest building 9.4 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
CONRAD CONSULTING NV
since 19902.050.020.368
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71483C0085/00G000 | Flanders | 2,607 m² | 1 · 244 m² | 9.4 m · 1 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 4 entries · 31,430 EUR awarded · 13,436 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 30,196 EUR | 12,202 EUR |
| 2023 | 2 | 1,234 EUR | 1,234 EUR |
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Of 9,863 companies in sector 73110 we hold annual accounts for 3,758. 1,671 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded25-09-1990
Fiscal year end31-12
Activities, NACEBEL 2025
73110Advertising agencies
93299Other amusement and recreation activities
73200Market research and public opinion polling
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0441753539
Also
9925:BE0441753539
Registered
14-10-2025
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.