Summary
CONSULACE 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 €250,464 and a net result of €278,721. Equity is growing by about 16% per year across the filed financial years. Its solvency ranks better than 30% of 6,572 sector peers (NACE 64, financial year 2025). The company has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, abbreviated format
2025 annual accounts filed late (46 days) Filed on 15 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00513355.
Equity
€250,464▼ 2.4%
2024 · €256,743
Net result
€278,721▼ 1.9%
2024 · €284,027
Total assets
€866,955▲ 10.7%
2024 · €783,415
Solvency
28.9%▼ 3.9pp
2024 · 32.8%
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 5% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€273,745
2025
Net result€278,721
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€866,955
2025
Equity€250,464
2025
Debt€616,492
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€259,770
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)32.1%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency28.9%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.43
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€7,168-€85,212▲ 1,089%€104,894▲ 23.1%€111,314▲ 6.1%€171,465▲ 54.0%€212,831▲ 24.1%€288,520▲ 35.6%€273,745▼ 5.1%
Net result€7,381-€67,090▲ 809%€86,295above the sector's middle half▲ 28.6%€100,777above the sector's middle half▲ 16.8%€132,673above the sector's middle half▲ 31.7%€179,853above the sector's middle half▲ 35.6%€284,027above the sector's middle half▲ 57.9%€278,721above the sector's middle half▼ 1.9%
Equity€87,153-€154,243▲ 77.0%€127,413within the sector's middle half▼ 17.4%€103,190within the sector's middle half▼ 19.0%€160,863within the sector's middle half▲ 55.9%€260,715within the sector's middle half▲ 62.1%€256,743within the sector's middle half▼ 1.5%€250,464within the sector's middle half▼ 2.4%
Total assets€319,610-€174,152▼ 45.5%€242,425within the sector's middle half▲ 39.2%€275,326within the sector's middle half▲ 13.6%€395,783within the sector's middle half▲ 43.8%€576,267within the sector's middle half▲ 45.6%€783,415within the sector's middle half▲ 35.9%€866,955within the sector's middle half▲ 10.7%
Debt€232,457-€19,909▼ 91.4%€115,012▲ 478%€172,136▲ 49.7%€234,921▲ 36.5%€315,552▲ 34.3%€526,672▲ 66.9%€616,492▲ 17.1%
Working capital€88,113-€154,293▲ 75.1%€127,463within the sector's middle half▼ 17.4%€102,034within the sector's middle half▼ 20.0%€145,849within the sector's middle half▲ 42.9%€256,175above the sector's middle half▲ 75.6%€259,988above the sector's middle half▲ 1.5%€259,770within the sector's middle half▼ 0.1%
Solvency27.3%-88.6%▲ 61.3pp52.6%within the sector's middle half▼ 36.0pp37.5%within the sector's middle half▼ 15.1pp40.6%within the sector's middle half▲ 3.2pp45.2%within the sector's middle half▲ 4.6pp32.8%within the sector's middle half▼ 12.5pp28.9%within the sector's middle half▼ 3.9pp
Current ratio1.38-8.77▲ 7.392.11within the sector's middle half▼ 6.661.59within the sector's middle half▼ 0.511.63within the sector's middle half▲ 0.031.84within the sector's middle half▲ 0.211.51within the sector's middle half▼ 0.331.43within the sector's middle half▼ 0.07
Return on assets (ROA)2.3%-38.5%▲ 36.2pp35.6%above the sector's middle half▼ 2.9pp36.6%above the sector's middle half▲ 1.0pp33.5%above the sector's middle half▼ 3.1pp31.2%above the sector's middle half▼ 2.3pp36.3%above the sector's middle half▲ 5.0pp32.1%above the sector's middle half▼ 4.1pp
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 abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €866,955
Fixed assets
€5,779 ▼ 39.2%
Current assets
€861,177 ▲ 11.3%
Equity and liabilities €866,955
Equity
€250,464 ▼ 2.4%
Debt
€616,492 ▲ 17.1%
Debt's share of the balance-sheet total rises from 67.2% to 71.1%. Equity is lower and debt is higher.
Key figures and ratios
ROE
111.3%▲
2024 · 110.6%
Debt ≤ 1 year
€601,407▲
2024 · €513,921
Income taxes
€13,053▼
2024 · €19,804
Staff costs
€0
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 |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | - | - | - | €0 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €175 | €623 | €4,003 | €3,886 | €3,728 | ▼ 4.1% |
| Other operating charges640/8 | - | - | - | €111 | €112 | €170 | - | €126 | - |
| Non-recurring operating charges66A | - | - | - | - | €62 | €252 | - | - | - |
| Gross operating margin9900 | €13,306 | €85,419 | €105,133 | €111,600 | €172,263 | €217,256 | €292,407 | €277,599 | ▼ 5.1% |
| Operating profit (loss)9901 | €7,168 | €85,212 | €104,894 | €111,314 | €171,465 | €212,831 | €288,520 | €273,745 | ▼ 5.1% |
| Financial income75/76B | - | - | - | €14,588 | €50 | €4,182 | €28,069 | €32,497 | ▲ 15.8% |
| Recurring financial income75 | €1,711 | €2,245 | €325 | €14,588 | €50 | €4,182 | €28,069 | €32,497 | ▲ 15.8% |
| Financial charges65/66B | - | - | - | €36 | €1,506 | €6,447 | €12,758 | €14,468 | ▲ 13.4% |
| Recurring financial charges65 | €31 | €37 | €32 | €36 | €1,506 | €6,447 | €12,758 | €14,468 | ▲ 13.4% |
| Profit (loss) for the period before taxes9903 | €8,848 | €87,420 | €105,188 | €125,867 | €170,009 | €210,566 | €303,832 | €291,775 | ▼ 4.0% |
| Income taxes67/77 | €1,467 | €20,330 | €18,893 | €25,090 | €37,336 | €30,713 | €19,804 | €13,053 | ▼ 34.1% |
| Profit (loss) for the period9904 | €7,381 | €67,090 | €86,295 | €100,777 | €132,673 | €179,853 | €284,027 | €278,721 | ▼ 1.9% |
| Transfer from tax-exempt reserves789 | - | - | - | €22,999 | €2,361 | - | - | €0 | - |
| Transfer to tax-exempt reserves689 | - | - | - | - | €54,730 | €79,630 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €5,020 | €38,610 | €72,094 | €123,775 | €80,304 | €100,223 | €284,027 | €278,721 | ▼ 1.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €319,610 | €174,152 | €242,425 | €275,326 | €395,783 | €576,267 | €783,415 | €866,955 | ▲ 10.7% |
| Fixed assets21/28 | - | - | - | €1,683 | €17,396 | €13,393 | €9,506 | €5,779 | ▼ 39.2% |
| Intangible fixed assets21 | - | - | - | - | - | - | €0 | - | - |
| Tangible fixed assets22/27 | - | - | - | €1,683 | €17,396 | €13,393 | €9,506 | €5,779 | ▼ 39.2% |
| Plant, machinery and equipment23 | - | - | - | €1,683 | €3,273 | €2,115 | €1,073 | €190 | ▼ 82.3% |
| Furniture and vehicles24 | - | - | - | - | €14,122 | €11,278 | €8,434 | €5,589 | ▼ 33.7% |
| Current assets29/58 | €319,610 | €174,152 | €242,425 | €273,643 | €378,387 | €562,874 | €773,908 | €861,177 | ▲ 11.3% |
| Amounts receivable within one year40/41 | €103,263 | €103,581 | €116,120 | €127,286 | €327,226 | €352,129 | €380,704 | €450,925 | ▲ 18.4% |
| Trade receivables40 | - | - | - | €120,513 | €183,008 | €206,300 | €247,196 | €196,020 | ▼ 20.7% |
| Other amounts receivable41 | - | - | - | €6,773 | €144,218 | €145,829 | €133,508 | €254,905 | ▲ 90.9% |
| Current investments50/53 | €45,589 | €15,750 | €23,750 | €23,750 | €23,750 | €37,885 | €341,632 | €352,124 | ▲ 3.1% |
| Cash at bank and in hand54/58 | €166,176 | €50,240 | €97,973 | €118,026 | €22,831 | €168,280 | €46,992 | €53,546 | ▲ 13.9% |
| Deferred charges and accrued income490/1 | - | - | - | €4,581 | €4,581 | €4,581 | €4,581 | €4,581 | = |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €319,610 | €174,152 | €242,425 | €275,326 | €395,783 | €576,267 | €783,415 | €866,955 | ▲ 10.7% |
| Equity10/15 | €87,153 | €154,243 | €127,413 | €103,190 | €160,863 | €260,715 | €256,743 | €250,464 | ▼ 2.4% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Capital10 | - | - | - | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Issued capital100 | - | - | - | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €62,133 | €133,738 | €104,815 | €81,816 | €136,546 | €236,176 | €236,176 | €230,446 | ▼ 2.4% |
| Non-distributable reserves130/1 | - | - | - | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Legal reserve130 | - | - | - | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Tax-exempt reserves132 | - | - | - | €45,043 | €97,411 | €177,041 | €177,041 | €122,311 | ▼ 30.9% |
| Distributable reserves133 | - | - | - | €34,773 | €37,135 | €57,135 | €57,135 | €106,135 | ▲ 85.8% |
| Profit (loss) carried forward14 | €5,020 | €505 | €2,598 | €1,374 | €4,316 | €4,539 | €566 | €18 | ▼ 96.9% |
| Amounts payable17/49 | €232,457 | €19,909 | €115,012 | €172,136 | €234,921 | €315,552 | €526,672 | €616,492 | ▲ 17.1% |
| Amounts payable within one year42/48 | €231,497 | €19,859 | €114,962 | €171,609 | €232,538 | €306,700 | €513,921 | €601,407 | ▲ 17.0% |
| Trade debts44 | €6,053 | €4,576 | €5,117 | €2,910 | €4,993 | €6,876 | €2,030 | €6,459 | ▲ 218% |
| Suppliers440/4 | - | - | - | €2,910 | €4,993 | €6,876 | €2,030 | €6,459 | ▲ 218% |
| Taxes, remuneration and social security45 | - | - | - | €35,700 | €38,772 | €42,418 | €39,042 | €39,368 | ▲ 0.8% |
| Taxes450/3 | - | - | - | €35,422 | €35,885 | €39,785 | €39,042 | €39,368 | ▲ 0.8% |
| Remuneration and social security454/9 | - | - | - | €277 | €2,888 | €2,634 | €0 | - | - |
| Other amounts payable47/48 | - | - | - | €133,000 | €188,773 | €257,405 | €472,849 | €555,580 | ▲ 17.5% |
| Accrued charges and deferred income492/3 | - | - | - | €527 | €2,382 | €8,852 | €12,752 | €15,085 | ▲ 18.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,381 | €67,090 | €86,295 | €100,777 | €132,673 | €179,853 | €284,027 | €278,721 | ▼ 1.9% |
| + Depreciation and write-downs630 | - | - | - | €175 | €623 | €4,003 | €3,886 | €3,728 | ▼ 4.1% |
| Operating cash flow (approximation) | €7,381 | €67,090 | €86,295 | €100,952 | €133,296 | €183,856 | €287,913 | €282,449 | ▼ 1.9% |
| Investment in fixed assets (approximation) | - | - | - | - | -€16,336 | €0 | €0 | €0 | - |
| Change in cash | - | -€115,936 | €47,733 | €20,053 | -€95,196 | €145,449 | -€121,288 | €6,555 | - |
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 | abbreviated format | 15-09-2026 | 2026-00513355 |
| 31-12-2024 | micro format | 28-09-2025 | 2025-00507938 |
| 31-12-2023 | micro format | 31-08-2024 | 2024-00425377 |
| 31-12-2022 | micro format | 16-10-2023 | 2023-00486294 |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20373653 |
| 31-12-2020 | micro format | 29-08-2021 | 2021-60800361 |
| 31-12-2019 | micro format | 15-11-2020 | 2020-70800269 |
| 31-12-2018 | micro format | 28-09-2019 | 2019-68200328 |
| 31-12-2017 | micro format | 19-08-2018 | 2018-49000561 |
| 31-12-2016 | micro format | 10-07-2017 | 2017-29500302 |
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Of the 24,455 active companies whose main activity is activities of holding companies (NACE 64210), figures are known for 19,975. 13,787 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.