CONSULTEC
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 31 days after the deadline Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00488487.
Annual accounts 2025 filed on 31-08-2026 at the NBB all 24 filings
Amounts without an identifiable currency are taken as euros.
Turnover
≈ €890,000
Estimated: probably between €620,000 and €1.4m
Total assets
€826,649▲ 12.4%
2024 · €735,203
Net result
€154,678▲ 22.8%
2024 · €125,960
Working capital
€690,058▲ 8.0%
2024 · €638,705
In the rankings
#1 company by total assets in Riemst, Telecoms and IT sector#1 company by equity in Riemst, Telecoms and IT sector#4 oldest company in Riemst, Telecoms and IT sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€176,945
▲ 27.0%
2025
20182025
Net result
€154,678
▲ 22.8%
2025
highest quarter of the sector
20182025
Equity
€733,171
▲ 18.0%
2025
highest quarter of the sector
20182025
Total assets
€826,649
▲ 12.4%
2025
highest quarter of the sector
20182025
Debt
€93,478
▼ 17.8%
2025
20182025
Working capital
€690,058
▲ 8.0%
2025
highest quarter of the sector
20182025
Solvency
88.7%
▲ 4.2pp
2025
highest quarter of the sector
20182025
Current ratio
12.51
▲ 1.96
2025
highest quarter of the sector
20182025
Return on assets (ROA)
18.7%
▲ 1.6pp
2025
middle half of the sector
20182025
Staff (FTE)
no figure
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€70,347-€45,488▼ 35.3%€152,362▲ 235%€87,135▼ 42.8%€124,804▲ 43.2%€214,732▲ 72.1%€139,375▼ 35.1%€176,945▲ 27.0%
Net result€27,178-€26,307▼ 3.2%€134,175above the sector's middle half▲ 410%€68,301above the sector's middle half▼ 49.1%€63,085above the sector's middle half▼ 7.6%€172,395above the sector's middle half▲ 173%€125,960above the sector's middle half▼ 26.9%€154,678above the sector's middle half▲ 22.8%
Equity€182,271-€208,578▲ 14.4%€302,753above the sector's middle half▲ 45.2%€371,054above the sector's middle half▲ 22.6%€391,139above the sector's middle half▲ 5.4%€529,533above the sector's middle half▲ 35.4%€621,493above the sector's middle half▲ 17.4%€733,171above the sector's middle half▲ 18.0%
Total assets€437,086-€417,448▼ 4.5%€563,486above the sector's middle half▲ 35.0%€598,757above the sector's middle half▲ 6.3%€600,936above the sector's middle half▲ 0.4%€702,193above the sector's middle half▲ 16.8%€735,203above the sector's middle half▲ 4.7%€826,649above the sector's middle half▲ 12.4%
Debt€254,815-€208,870▼ 18.0%€260,733▲ 24.8%€227,703▼ 12.7%€209,797▼ 7.9%€172,659▼ 17.7%€113,710▼ 34.1%€93,478▼ 17.8%
Working capital€177,878-€171,781▼ 3.4%€250,289above the sector's middle half▲ 45.7%€357,377above the sector's middle half▲ 42.8%€371,480above the sector's middle half▲ 3.9%€496,850above the sector's middle half▲ 33.7%€638,705above the sector's middle half▲ 28.6%€690,058above the sector's middle half▲ 8.0%
Solvency41.7%-50.0%▲ 8.3pp53.7%within the sector's middle half▲ 3.8pp62.0%within the sector's middle half▲ 8.2pp65.1%within the sector's middle half▲ 3.1pp75.4%within the sector's middle half▲ 10.3pp84.5%above the sector's middle half▲ 9.1pp88.7%above the sector's middle half▲ 4.2pp
Current ratio3.41-3.91▲ 0.502.97within the sector's middle half▼ 0.944.79within the sector's middle half▲ 1.824.12within the sector's middle half▼ 0.674.86within the sector's middle half▲ 0.7410.55above the sector's middle half▲ 5.6912.51above the sector's middle half▲ 1.96
Return on assets (ROA)6.2%-6.3%▲ 0.1pp23.8%within the sector's middle half▲ 17.5pp11.4%within the sector's middle half▼ 12.4pp10.5%within the sector's middle half▼ 0.9pp24.6%within the sector's middle half▲ 14.1pp17.1%within the sector's middle half▼ 7.4pp18.7%within the sector's middle half▲ 1.6pp
Staff (FTE)3.2-2.3▼ 28.1%2.1within the sector's middle half▼ 8.7%2.1=2.2▲ 4.8%
above
within
below
The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 27% higher than in 2024. It is a recovery after the fall in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €826,649
Fixed assets
€76,621 ▲ 159%
Current assets
€750,028 ▲ 6.3%
Equity and liabilities €826,649
Equity
€733,171 ▲ 18.0%
Debt
€93,478 ▼ 17.8%
Debt's share of the balance-sheet total falls from 15.5% to 11.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€181,776▲
2024 · €180,112
Cash flow
€159,509▼
2024 · €166,697
Debt to equity
0.13▼
2024 · 0.18
ROE
21.1%▲
2024 · 20.3%
Interest coverage
over 100▲
2024 · 31.90
Debt ≤ 1 year
€59,970▼
2024 · €66,881
Income taxes
€22,319▼
2024 · €31,180
Staff costs
€156,465▼
2024 · €187,257
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 |
|---|---|---|
| Employees at the balance-sheet date | 3 | 3 |
| full-time | 2 | 2 |
| part-time | 1 | 1 |
| in full-time equivalents | 2.1 | 2.1 |
| Average over the year, in full-time equivalents | 2.1 | 2.2 |
| On a permanent contract | 3 | - |
Source: social balance sheet in the 2021 to 2022 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,296 | - | €1,705 | - | €51,835 |
| Financial fixed assets | - | - | - | - | €0 |
| Depreciation and write-downs of the year | €40,543 | €36,693 | €35,529 | €40,737 | €4,831 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €252 | - | - | €5,969 | €21,000 | ▲ 252% |
| Remuneration, social security and pensions62 | - | - | - | €147,649 | €148,284 | €166,725 | €187,257 | €156,465 | ▼ 16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €38,077 | €3,095 | €34,236 | €40,543 | €36,693 | €35,529 | €40,737 | €4,831 | ▼ 88.1% |
| Other operating charges640/8 | - | - | - | €2,556 | €3,377 | €3,045 | €3,035 | €2,572 | ▼ 15.2% |
| Non-recurring operating charges66A | - | - | - | - | - | €104 | €628 | €0 | ▼ 100% |
| Gross operating margin9900 | €264,751 | €199,815 | €333,284 | €277,883 | €313,158 | €420,136 | €371,033 | €340,813 | ▼ 8.1% |
| Operating profit (loss)9901 | €70,347 | €45,488 | €152,362 | €87,135 | €124,804 | €214,732 | €139,375 | €176,945 | ▲ 27.0% |
| Financial income75/76B | - | - | - | €384 | €83 | €1 | €23,411 | €927 | ▼ 96.0% |
| Recurring financial income75 | €1,020 | €38 | €0 | €384 | €83 | €1 | €23,411 | €927 | ▼ 96.0% |
| Financial charges65/66B | - | - | - | €6,718 | €10,110 | €5,363 | €5,647 | €875 | ▼ 84.5% |
| Recurring financial charges65 | €13,542 | €11,145 | €8,386 | €6,718 | €10,110 | €5,363 | €5,647 | €875 | ▼ 84.5% |
| Profit (loss) for the period before taxes9903 | €57,825 | €36,121 | €143,976 | €80,801 | €114,777 | €209,369 | €157,140 | €176,997 | ▲ 12.6% |
| Income taxes67/77 | €30,647 | €9,814 | €9,801 | €12,500 | €51,692 | €36,974 | €31,180 | €22,319 | ▼ 28.4% |
| Profit (loss) for the period9904 | €27,178 | €26,307 | €134,175 | €68,301 | €63,085 | €172,395 | €125,960 | €154,678 | ▲ 22.8% |
| Profit (loss) for the period to be appropriated9905 | €27,178 | €26,307 | €134,175 | €68,301 | €63,085 | €172,395 | €125,960 | €154,678 | ▲ 22.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €437,086 | €417,448 | €563,486 | €598,757 | €600,936 | €702,193 | €735,203 | €826,649 | ▲ 12.4% |
| Fixed assets21/28 | €185,513 | €186,707 | €186,331 | €147,084 | €110,392 | €76,567 | €29,617 | €76,621 | ▲ 159% |
| Intangible fixed assets21 | - | - | - | - | - | - | €1,108 | €1,108 | = |
| Tangible fixed assets22/27 | €185,513 | €186,707 | €186,331 | €147,084 | €110,392 | €76,567 | €28,509 | €75,513 | ▲ 165% |
| Land and buildings22 | - | - | - | €109,676 | €82,047 | €54,417 | €18,373 | €16,956 | ▼ 7.7% |
| Plant, machinery and equipment23 | - | - | - | €5,227 | €4,004 | €4,004 | €2,781 | €1,559 | ▼ 44.0% |
| Furniture and vehicles24 | - | - | - | €32,181 | €24,341 | €18,146 | €7,355 | €56,999 | ▲ 675% |
| Current assets29/58 | €251,573 | €230,741 | €377,154 | €451,673 | €490,544 | €625,625 | €705,586 | €750,028 | ▲ 6.3% |
| Amounts receivable within one year40/41 | €126,696 | €86,718 | €138,482 | €206,444 | €297,662 | €406,443 | €370,333 | €416,019 | ▲ 12.3% |
| Trade receivables40 | - | - | - | €106,987 | €131,041 | €176,583 | €93,683 | €127,163 | ▲ 35.7% |
| Other amounts receivable41 | - | - | - | €99,457 | €166,621 | €229,860 | €276,650 | €288,856 | ▲ 4.4% |
| Cash at bank and in hand54/58 | €124,796 | €144,023 | €235,612 | €233,571 | €192,882 | €219,183 | €335,253 | €334,008 | ▼ 0.4% |
| Deferred charges and accrued income490/1 | - | - | - | €11,658 | - | - | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €437,086 | €417,448 | €563,486 | €598,757 | €600,936 | €702,193 | €735,203 | €826,649 | ▲ 12.4% |
| Equity10/15 | €182,271 | €208,578 | €302,753 | €371,054 | €391,139 | €529,533 | €621,493 | €733,171 | ▲ 18.0% |
| Contributions10/11 | €19,000 | €19,000 | €19,000 | €19,000 | €19,000 | €19,000 | €19,000 | €19,000 | = |
| Capital10 | - | - | - | €19,000 | €19,000 | - | - | - | - |
| Issued capital100 | - | - | - | €19,000 | €19,000 | - | - | - | - |
| Reserves13 | €163,271 | €163,271 | €163,271 | €213,271 | €233,355 | €333,355 | €433,355 | €533,355 | ▲ 23.1% |
| Non-distributable reserves130/1 | - | - | - | €1,900 | €1,900 | €1,900 | €1,900 | €1,900 | = |
| Legal reserve130 | - | - | - | €1,900 | €1,900 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | - | €1,900 | €1,900 | €1,900 | = |
| Tax-exempt reserves132 | - | - | - | €28,908 | €28,908 | €28,908 | €28,908 | €28,908 | = |
| Distributable reserves133 | - | - | - | €182,463 | €202,548 | €302,548 | €402,548 | €502,548 | ▲ 24.8% |
| Profit (loss) carried forward14 | - | €26,307 | €120,482 | €138,783 | €138,783 | €177,178 | €169,138 | €180,816 | ▲ 6.9% |
| Amounts payable17/49 | €254,815 | €208,870 | €260,733 | €227,703 | €209,797 | €172,659 | €113,710 | €93,478 | ▼ 17.8% |
| Amounts payable after more than one year17 | €180,992 | €149,783 | €110,929 | €110,929 | €79,017 | €16,555 | €0 | - | - |
| Financial debts170/4 | - | - | - | €110,929 | €79,017 | €16,555 | €0 | - | - |
| Amounts payable within one year42/48 | €73,695 | €58,959 | €126,865 | €94,296 | €119,064 | €128,775 | €66,881 | €59,970 | ▼ 10.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €6,184 | €7,754 | €34,417 | €0 | - | - |
| Trade debts44 | €16,784 | €9,378 | €35,026 | €3,587 | €4,731 | €36,434 | €13,960 | €1,853 | ▼ 86.7% |
| Suppliers440/4 | - | - | - | €3,587 | €4,731 | €36,434 | €13,960 | €1,853 | ▼ 86.7% |
| Advances received on contracts in progress46 | - | - | - | €21,042 | €21,042 | €3,804 | €3,804 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | - | - | €23,484 | €42,537 | €16,193 | €15,117 | €15,117 | = |
| Taxes450/3 | - | - | - | €14,814 | €26,285 | €15,117 | €15,117 | €15,117 | = |
| Remuneration and social security454/9 | - | - | - | €8,670 | €16,252 | €1,076 | €0 | - | - |
| Other amounts payable47/48 | - | - | - | €40,000 | €43,000 | €37,927 | €34,000 | €43,000 | ▲ 26.5% |
| Accrued charges and deferred income492/3 | - | - | - | €22,478 | €11,716 | €27,330 | €46,829 | €33,508 | ▼ 28.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27,178 | €26,307 | €134,175 | €68,301 | €63,085 | €172,395 | €125,960 | €154,678 | ▲ 22.8% |
| + Depreciation and write-downs630 | €38,077 | €3,095 | €34,236 | €40,543 | €36,693 | €35,529 | €40,737 | €4,831 | ▼ 88.1% |
| Operating cash flow (approximation) | €65,255 | €29,403 | €168,411 | €108,844 | €99,777 | €207,924 | €166,697 | €159,509 | ▼ 4.3% |
| Investment in fixed assets (approximation) | - | -€4,290 | -€33,860 | -€1,296 | €0 | -€1,705 | €6,213 | -€51,835 | - |
| Change in cash | - | €19,227 | €91,589 | -€2,041 | -€40,689 | €26,301 | €116,070 | -€1,244 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 20,136 companies had the same profile as CONSULTEC has now. Two years later, 95.0% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.0%
was still going
4.7%
stopped otherwise
0.2%
went bankrupt
That fits the bankruptcy probability of CONSULTEC itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 20,136 companies, not a prediction for CONSULTEC. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 24 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 31-08-2026 | 2026-00488487 | |
| 31-12-2024 | micro format | 30-08-2025 | 2025-00448924 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00428328 | |
| 31-12-2022 | micro format | 30-08-2023 | 2023-00402595 | |
| 31-12-2021 | micro format | 29-08-2022 | 2022-20367907 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-64200378 | |
| 31-12-2019 | micro format | 30-07-2020 | 2020-35300141 | |
| 31-12-2018 | micro format | 31-08-2019 | 2019-62400577 | |
| 31-12-2017 | abbreviated format | 31-08-2018 | 2018-57500033 | |
| 31-12-2016 | abbreviated format | 31-08-2017 | 2017-54500429 |