Summary
Consolution is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €18,600 and a net result of €107,552. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 16% of 9,727 sector peers (NACE 64, financial year 2025). The company has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Activities of holding companies
NACE 64210
1 site
Size
€197,543total assets 2025
- Equity
- €18,600
- Profit
- €107,552
Turnover not published (micro format)
Financial health
Financial institution: outside the modelBankruptcy probability: sector outside the model
Structure
2025 accounts 112 days early2 deeds in the Belgian Official Gazette
Signalsraises riskWeak solvency vs sectorneutralLatest accounts filed on timeShow the evidence
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Bankruptcy probability, 12 months
This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
Two signals.
raises riskneutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 9727 sector peers (2025).
NBB · sector comparisonPosition among 9727 sector peers
Solvency
better than 16%
← weakest
strongest →
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 10-04-2026, 112 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
112 days early
2024
104 days early
2023
19 days early
2022
on the day
2021
32 days early
2020
31 days early
2019
31 days 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 47 days before the deadline; the sector median (NACE 64) for financial year 2024 is 14 days before the deadline, and 28% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 June (4 of the last 5 filed years within 72 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
27-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · micro…
- Highest result from 2018 to 2025net €107,552 ▲14.6%
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
Equity
€18,600▼ 17.6%
2024 · €22,570
Net result
€107,552▲ 14.6%
2024 · €93,858
Total assets
€197,543▲ 12.1%
2024 · €176,284
Solvency
9.4%▼ 3.4pp
2024 · 12.8%
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result recovers in 2025; 2025 is 15% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€138,144
2025
Net result€107,552
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€197,543
2025
Equity€18,600
2025
Debt€178,943
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€10,422
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)54.4%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency9.4%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.94
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. 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 financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€86,677-€103,010▲ 18.8%€125,273▲ 21.6%€133,305▲ 6.4%€89,442▼ 32.9%€119,908▲ 34.1%€119,880=€138,144▲ 15.2%
Net result€67,135-€79,263▲ 18.1%€98,341above the sector's middle half▲ 24.1%€104,904above the sector's middle half▲ 6.7%€71,280within the sector's middle half▼ 32.1%€93,837above the sector's middle half▲ 31.6%€93,858above the sector's middle half=€107,552above the sector's middle half▲ 14.6%
Equity€234,089-€28,351▼ 87.9%€26,692below the sector's middle half▼ 5.9%€71,596within the sector's middle half▲ 168%€82,876within the sector's middle half▲ 15.8%€114,712within the sector's middle half▲ 38.4%€22,570below the sector's middle half▼ 80.3%€18,600below the sector's middle half▼ 17.6%
Total assets€285,206-€117,583▼ 58.8%€129,543within the sector's middle half▲ 10.2%€136,046within the sector's middle half▲ 5.0%€175,949within the sector's middle half▲ 29.3%€177,286within the sector's middle half▲ 0.8%€176,284within the sector's middle half▼ 0.6%€197,543within the sector's middle half▲ 12.1%
Debt€51,117-€89,232▲ 74.6%€102,851▲ 15.3%€64,451▼ 37.3%€93,074▲ 44.4%€62,574▼ 32.8%€153,714▲ 146%€178,943▲ 16.4%
Working capital€230,707-€25,847▼ 88.8%€21,488within the sector's middle half▼ 16.9%€58,117within the sector's middle half▲ 170%€7,150within the sector's middle half▼ 87.7%€53,282within the sector's middle half▲ 645%-€21,523below the sector's middle half-€10,422within the sector's middle half▲ 51.6%
Solvency82.1%-24.1%▼ 58.0pp20.6%below the sector's middle half▼ 3.5pp52.6%within the sector's middle half▲ 32.0pp47.1%within the sector's middle half▼ 5.5pp64.7%within the sector's middle half▲ 17.6pp12.8%below the sector's middle half▼ 51.9pp9.4%below the sector's middle half▼ 3.4pp
Current ratio5.64-1.29▼ 4.341.21within the sector's middle half▼ 0.091.90within the sector's middle half▲ 0.691.08within the sector's middle half▼ 0.821.85within the sector's middle half▲ 0.770.86within the sector's middle half▼ 0.990.94within the sector's middle half▲ 0.08
Return on assets (ROA)23.5%-67.4%▲ 43.9pp75.9%above the sector's middle half▲ 8.5pp77.1%above the sector's middle half▲ 1.2pp40.5%above the sector's middle half▼ 36.6pp52.9%above the sector's middle half▲ 12.4pp53.2%above the sector's middle half▲ 0.3pp54.4%above the sector's middle half▲ 1.2pp
above
within
below
the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €197,543
Fixed assets
€29,022 ▼ 34.2%
Current assets
€168,522 ▲ 27.5%
Equity and liabilities €197,543
Equity
€18,600 ▼ 17.6%
Debt
€178,943 ▲ 16.4%
Debt's share of the balance-sheet total rises from 87.2% to 90.6%. Equity is lower and debt is higher.
Key figures and ratios
ROE
578.2%▲
2024 · 415.9%
Debt ≤ 1 year
€178,943▲
2024 · €153,714
Income taxes
€30,553▲
2024 · €25,983
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €18,200 | €0 | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €256 | €384 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,138 | €12,757 | €1,956 | €2,652 | €6,409 | €17,316 | €17,358 | €16,994 | ▼ 2.1% |
| Other operating charges640/8 | - | - | - | €1,308 | €1,335 | €2,818 | €1,327 | €1,634 | ▲ 23.1% |
| Gross operating margin9900 | €90,088 | €117,049 | €128,586 | €137,521 | €97,570 | €140,042 | €138,565 | €156,771 | ▲ 13.1% |
| Operating profit (loss)9901 | €86,677 | €103,010 | €125,273 | €133,305 | €89,442 | €119,908 | €119,880 | €138,144 | ▲ 15.2% |
| Financial income75/76B | - | - | - | €74 | €3 | €0 | - | €1 | - |
| Recurring financial income75 | €2 | €342 | €0 | €74 | €3 | €0 | - | €1 | - |
| Financial charges65/66B | - | - | - | €37 | €84 | €35 | €40 | €40 | ▲ 2.1% |
| Recurring financial charges65 | €410 | €129 | €30 | €37 | €84 | €35 | €40 | €40 | ▲ 2.1% |
| Profit (loss) for the period before taxes9903 | €86,269 | €103,224 | €125,243 | €133,342 | €89,361 | €119,873 | €119,841 | €138,104 | ▲ 15.2% |
| Income taxes67/77 | €19,134 | €23,961 | €26,903 | €28,438 | €18,081 | €26,037 | €25,983 | €30,553 | ▲ 17.6% |
| Profit (loss) for the period9904 | €67,135 | €79,263 | €98,341 | €104,904 | €71,280 | €93,837 | €93,858 | €107,552 | ▲ 14.6% |
| Profit (loss) for the period to be appropriated9905 | €67,135 | €79,263 | €98,341 | €104,904 | €71,280 | €93,837 | €93,858 | €107,552 | ▲ 14.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €285,206 | €117,583 | €129,543 | €136,046 | €175,949 | €177,286 | €176,284 | €197,543 | ▲ 12.1% |
| Fixed assets21/28 | €4,732 | €3,854 | €5,204 | €13,479 | €76,175 | €61,451 | €44,093 | €29,022 | ▼ 34.2% |
| Tangible fixed assets22/27 | €3,982 | €3,104 | €4,454 | €12,729 | €75,425 | €60,701 | €43,343 | €28,272 | ▼ 34.8% |
| Plant, machinery and equipment23 | - | - | - | €1,029 | €858 | €686 | €515 | €2,116 | ▲ 311% |
| Furniture and vehicles24 | - | - | - | €11,699 | €74,568 | €60,015 | €42,829 | €26,156 | ▼ 38.9% |
| Financial fixed assets28 | €750 | €750 | €750 | €750 | €750 | €750 | €750 | €750 | = |
| Current assets29/58 | €280,474 | €113,729 | €124,340 | €122,568 | €99,774 | €115,836 | €132,191 | €168,522 | ▲ 27.5% |
| Amounts receivable within one year40/41 | €44,052 | €70,587 | €16,827 | €49,592 | €47,029 | €57,786 | €46,234 | €52,764 | ▲ 14.1% |
| Trade receivables40 | - | - | - | €45,123 | €43,110 | €47,404 | €45,254 | €46,300 | ▲ 2.3% |
| Other amounts receivable41 | - | - | - | €4,470 | €3,919 | €10,382 | €980 | €6,464 | ▲ 559% |
| Cash at bank and in hand54/58 | €224,323 | €43,143 | €107,512 | €72,976 | €52,028 | €57,441 | €85,154 | €113,688 | ▲ 33.5% |
| Deferred charges and accrued income490/1 | - | - | - | - | €717 | €609 | €802 | €2,069 | ▲ 158% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €285,206 | €117,583 | €129,543 | €136,046 | €175,949 | €177,286 | €176,284 | €197,543 | ▲ 12.1% |
| Equity10/15 | €234,089 | €28,351 | €26,692 | €71,596 | €82,876 | €114,712 | €22,570 | €18,600 | ▼ 17.6% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €215,489 | €9,751 | €8,092 | €52,996 | €64,276 | €96,112 | €3,970 | €0 | ▼ 100% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €51,136 | €62,416 | €96,112 | €3,970 | €0 | ▼ 100% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €51,117 | €89,232 | €102,851 | €64,451 | €93,074 | €62,574 | €153,714 | €178,943 | ▲ 16.4% |
| Amounts payable within one year42/48 | €49,767 | €87,882 | €102,851 | €64,451 | €92,624 | €62,554 | €153,714 | €178,943 | ▲ 16.4% |
| Trade debts44 | €5,231 | €2,429 | €1,520 | €2,661 | €4,589 | €1,132 | €1,007 | €3,617 | ▲ 259% |
| Suppliers440/4 | - | - | - | €2,661 | €4,589 | €1,132 | €1,007 | €3,617 | ▲ 259% |
| Taxes, remuneration and social security45 | - | - | - | €1,790 | €15,094 | €6,272 | €18,834 | €8,547 | ▼ 54.6% |
| Taxes450/3 | - | - | - | €1,790 | €15,094 | €6,272 | €18,834 | €8,547 | ▼ 54.6% |
| Remuneration and social security454/9 | - | - | - | €0 | - | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €60,000 | €72,941 | €55,150 | €133,873 | €166,780 | ▲ 24.6% |
| Accrued charges and deferred income492/3 | - | - | - | - | €450 | €20 | €0 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €67,135 | €79,263 | €98,341 | €104,904 | €71,280 | €93,837 | €93,858 | €107,552 | ▲ 14.6% |
| + Depreciation and write-downs630 | €2,138 | €12,757 | €1,956 | €2,652 | €6,409 | €17,316 | €17,358 | €16,994 | ▼ 2.1% |
| Operating cash flow (approximation) | €69,273 | €92,019 | €100,297 | €107,556 | €77,689 | €111,153 | €111,215 | €124,545 | ▲ 12.0% |
| Investment in fixed assets (approximation) | - | -€11,879 | -€3,306 | -€10,927 | -€69,105 | -€2,592 | €0 | -€1,922 | - |
| Change in cash | - | -€181,180 | €64,370 | -€34,537 | -€20,947 | €5,413 | €27,713 | €28,534 | ▲ 3.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 11 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 10-04-2026 | 2026-00076382 |
| 31-12-2024 | micro format | 18-04-2025 | 2025-00071508 |
| 31-12-2023 | micro format | 12-07-2024 | 2024-00238920 |
| 31-12-2022 | micro format | 31-07-2023 | 2023-00313500 |
| 31-12-2021 | micro format | 29-06-2022 | 2022-20115031 |
| 31-12-2020 | micro format | 30-06-2021 | 2021-29200181 |
| 31-12-2019 | micro format | 30-06-2020 | 2020-23700009 |
| 31-12-2018 | micro format | 31-07-2019 | 2019-42800597 |
| 31-12-2017 | micro format | 24-08-2018 | 2018-50900280 |
| 31-12-2016 | micro format | 13-06-2017 | 2017-17300222 |
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Of the 24,459 active companies whose main activity is activities of holding companies (NACE 64210), figures are known for 20,049. 7,393 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2022 · 1 entry · €885 awarded · €885 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
No directors read yet: 0 of 2 Gazette acts processed. See the directors and other office holders in the KBO →
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2026
10-04
NBB filing
Annual accounts filed
financial year 2025 · micro format
2025
31-12
Financial
Highest result from 2018 to 2025net €107,552 ▲14.6%
Operating result €138,144, net result €107,552, both a record.
18-04
NBB filing
Annual accounts filed
financial year 2024 · micro format
2024
12-07
NBB filing
Annual accounts filed
financial year 2023 · micro format
2023
31-12
Financial
Equity above €100,000equity €114,712 ▲38.4%
A profit in every financial year since 2018 builds equity to €114,712.
31-07
NBB filing
Annual accounts filed
financial year 2022 · micro format
2022
29-06
NBB filing
Annual accounts filed
financial year 2021 · micro format
2021
30-06
NBB filing
Annual accounts filed
financial year 2020 · micro format
2020
30-06
NBB filing
Annual accounts filed
financial year 2019 · micro format
2019
31-07
NBB filing
Annual accounts filed
financial year 2018 · micro format
2018
24-08
NBB filing
Annual accounts filed
financial year 2017 · micro format · 24 days late
2017
13-06
NBB filing
Annual accounts filed
financial year 2016 · micro format
Financial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 11 annual accounts filed, the latest 10 are here; all 11 are under Financials.
0 of 2 deeds read
About the unread acts
We know of 2 Belgian Official 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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Register details
Identification
Legal formPrivate limited company
Founded07-01-2015
Financial year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
66300Activities auxiliary to financial services and insurance activities
70200Business and other management consultancy
Contact
E-mail
kirsten.malfliet@consolution.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0507974350
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 26 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Bonheiden · 1 establishment unit since 2015
Ground area
1,262 m²
Building footprint
167 m²
Building volume
803 m³
Parcel 12005C0142/00F000, Flanders · tallest building 5.7 m. Linked by address, not a title deed.
1 establishment unit
Consolution
since 2015unit no. 2.238.145.633
1 parcel
Flanders
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 12005C0142/00F000 | Flanders | 1,262 m² | 1 · 167 m² | 5.7 m · 2 |
How the parcels are linked
Good to know
The parcel matches the address exactly.