CONSULTIM
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 23-06-2026 at the NBB all 35 filings
Turnover
≈ €970
Estimated: probably between €410 and €2,400
EBIT margin
Not included in this filing
Net result
-€3,867▲ 49.5%
2024 · -€7,653
Working capital
€37,557▼ 9.3%
2024 · €41,424
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€3,606
▲ 51.5%
2025
20182025
Net result
-€3,867
▲ 49.5%
2025
20182025
Equity
€191,387
▼ 2.0%
2025
20182025
Total assets
€192,196
▼ 3.1%
2025
20182025
Debt
€809
▼ 73.4%
2025
20182025
Working capital
€37,557
▼ 9.3%
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€2,593--€1,634▲ 37.0%€2,954-€632-€3,898▼ 517%€1,823-€7,430-€3,606▲ 51.5%
Net result€4,855--€1,763€2,831-€730-€4,063▼ 456%€1,610-€7,653-€3,867▲ 49.5%
Equity€205,023-€203,260▼ 0.9%€206,091▲ 1.4%€205,361▼ 0.4%€201,298▼ 2.0%€202,908▲ 0.8%€195,254▼ 3.8%€191,387▼ 2.0%
Total assets€205,044-€204,629▼ 0.2%€211,136▲ 3.2%€205,870▼ 2.5%€203,178▼ 1.3%€203,383▲ 0.1%€198,289▼ 2.5%€192,196▼ 3.1%
Debt€21-€1,369▲ 66×€5,045▲ 268%€509▼ 89.9%€1,880▲ 269%€475▼ 74.7%€3,035▲ 538%€809▼ 73.4%
Working capital€44,792-€48,196▲ 7.6%€52,260▲ 8.4%€51,530▼ 1.4%€47,467▼ 7.9%€49,077▲ 3.4%€41,424▼ 15.6%€37,557▼ 9.3%
The operating result for 2025 is a loss of €3,606, smaller than the loss of €7,430 in 2024.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €192,196
Fixed assets
€153,830 =
Current assets
€38,365 ▼ 13.7%
Equity and liabilities €192,196
Equity
€191,387 ▼ 2.0%
Debt
€809 ▼ 73.4%
Debt's share of the balance-sheet total falls from 1.5% to 0.4%. Equity and debt are lower.
Key figures and ratios
Current ratio
47.44▲
2024 · 14.65
Debt to equity
0.00▼
2024 · 0.02
ROE
-2.0%▲
2024 · -3.9%
ROA
-2.0%▲
2024 · -3.9%
Debt ≤ 1 year
€809▼
2024 · €3,035
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 |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,083 | €5,167 | €1,233 | €0 | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €2,908 | €2,968 | €3,249 | €3,374 | €3,749 | ▲ 11.1% |
| Gross operating margin9900 | €9,236 | €6,276 | €7,074 | €2,276 | -€929 | €5,072 | -€4,055 | €144 | - |
| Operating profit (loss)9901 | -€2,593 | -€1,634 | €2,954 | -€632 | -€3,898 | €1,823 | -€7,430 | -€3,606 | ▲ 51.5% |
| Financial income75/76B | - | - | - | - | €0 | €0 | - | €0 | - |
| Recurring financial income75 | €44,720 | - | - | - | €0 | €0 | - | €0 | - |
| Financial charges65/66B | - | - | - | €109 | €165 | €213 | €224 | €262 | ▲ 17.1% |
| Recurring financial charges65 | €36,880 | €129 | €128 | €109 | €165 | €213 | €224 | €262 | ▲ 17.1% |
| Profit (loss) for the period before taxes9903 | €5,247 | -€1,763 | €2,825 | -€741 | -€4,063 | €1,610 | -€7,653 | -€3,867 | ▲ 49.5% |
| Income taxes67/77 | €392 | - | -€6 | -€11 | €0 | - | - | - | - |
| Profit (loss) for the period9904 | €4,855 | -€1,763 | €2,831 | -€730 | -€4,063 | €1,610 | -€7,653 | -€3,867 | ▲ 49.5% |
| Profit (loss) for the period to be appropriated9905 | €4,855 | -€1,763 | €2,831 | -€730 | -€4,063 | €1,610 | -€7,653 | -€3,867 | ▲ 49.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €205,044 | €204,629 | €211,136 | €205,870 | €203,178 | €203,383 | €198,289 | €192,196 | ▼ 3.1% |
| Fixed assets21/28 | €160,231 | €155,064 | €153,830 | €153,830 | €153,830 | €153,830 | €153,830 | €153,830 | = |
| Tangible fixed assets22/27 | €160,231 | €155,064 | €153,830 | €153,830 | €153,830 | €153,830 | €153,830 | €153,830 | = |
| Land and buildings22 | - | - | - | €153,830 | €153,830 | €153,830 | €153,830 | €153,830 | = |
| Current assets29/58 | €44,813 | €49,565 | €57,305 | €52,040 | €49,347 | €49,553 | €44,459 | €38,365 | ▼ 13.7% |
| Amounts receivable within one year40/41 | €433 | - | - | €12,000 | €7,000 | €6,300 | €31,238 | €36,956 | ▲ 18.3% |
| Trade receivables40 | - | - | - | - | - | - | - | €218 | - |
| Other amounts receivable41 | - | - | - | €12,000 | €7,000 | €6,300 | €31,238 | €36,738 | ▲ 17.6% |
| Cash at bank and in hand54/58 | €44,380 | €49,565 | €57,305 | €39,786 | €42,064 | €43,253 | €13,220 | €1,409 | ▼ 89.3% |
| Deferred charges and accrued income490/1 | - | - | - | €254 | €283 | €0 | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €205,044 | €204,629 | €211,136 | €205,870 | €203,178 | €203,383 | €198,289 | €192,196 | ▼ 3.1% |
| Equity10/15 | €205,023 | €203,260 | €206,091 | €205,361 | €201,298 | €202,908 | €195,254 | €191,387 | ▼ 2.0% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | - | - | - | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | - | - | - | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Reserves13 | €143,523 | €141,760 | €144,591 | €143,861 | €139,798 | €141,408 | €133,754 | €129,887 | ▼ 2.9% |
| Non-distributable reserves130/1 | - | - | - | €41,859 | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Legal reserve130 | - | - | - | €41,859 | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Distributable reserves133 | - | - | - | €102,001 | €133,648 | €135,258 | €127,604 | €123,737 | ▼ 3.0% |
| Amounts payable17/49 | €21 | €1,369 | €5,045 | €509 | €1,880 | €475 | €3,035 | €809 | ▼ 73.4% |
| Amounts payable within one year42/48 | €21 | €1,369 | €5,045 | €509 | €1,880 | €475 | €3,035 | €809 | ▼ 73.4% |
| Trade debts44 | €21 | €1,054 | €167 | €77 | €1,655 | €83 | €2,965 | €670 | ▼ 77.4% |
| Suppliers440/4 | - | - | - | €77 | €1,655 | €83 | €2,965 | €670 | ▼ 77.4% |
| Taxes, remuneration and social security45 | - | - | - | €0 | - | - | - | - | - |
| Taxes450/3 | - | - | - | €0 | - | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €433 | €225 | €392 | €70 | €139 | ▲ 99.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,855 | -€1,763 | €2,831 | -€730 | -€4,063 | €1,610 | -€7,653 | -€3,867 | ▲ 49.5% |
| + Depreciation and write-downs630 | €9,083 | €5,167 | €1,233 | €0 | - | - | - | - | - |
| Operating cash flow (approximation) | €13,939 | €3,404 | €4,064 | -€730 | -€4,063 | €1,610 | -€7,653 | -€3,867 | ▲ 49.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €5,185 | €7,740 | -€17,519 | €2,278 | €1,189 | -€30,033 | -€11,811 | ▲ 60.7% |
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, 12,322 companies had the same profile as CONSULTIM has now. Two years later, 90.3% were still going and 0.7% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
90.3%
was still going
8.6%
stopped otherwise
0.7%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CONSULTIM 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 12,322 companies, not a prediction for CONSULTIM. 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 35 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 23-06-2026 | 2026-00196005 | |
| 31-12-2024 | abbreviated format | 25-06-2025 | 2025-00190193 | |
| 31-12-2023 | abbreviated format | 07-06-2024 | 2024-00115233 | |
| 31-12-2022 | abbreviated format | 27-07-2023 | 2023-00288558 | |
| 31-12-2021 | abbreviated format | 25-08-2022 | 2022-20402408 | |
| 31-12-2020 | abbreviated format | 07-06-2021 | 2021-17700397 | |
| 31-12-2019 | abbreviated format | 08-06-2020 | 2020-15600568 | |
| 31-12-2018 | abbreviated format | 03-06-2019 | 2019-15300299 | |
| 31-12-2017 | abbreviated format | 04-06-2018 | 2018-15400384 | |
| 31-12-2016 | abbreviated format | 13-06-2017 | 2017-16700281 |