CONTBEL
ActiveSummary
CONTBEL has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €25,938 and a net result of €51,331. Equity is growing by ~28.5% per year across the filed fiscal years. Its solvency ranks better than 22% of 163 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2026
Axes · tick = 2025
Profitability100=
Solvency49▼-51
Growth78=
Track record94
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity short (current ratio 0.92 against 4.24 in 2025; short-term debt: 76.4% and cash: 19.8% of total assets), and 76.4% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 2026Solvency, return and age of the figures
Solvency
23.6%
Return on assets
46.7%
Age of the figures
6 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 163 sector peers (2026).
NBB · sector comparisonPosition among 163 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 26-08-2026, 66 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2026
66 d early
2025
43 d early
2024
79 d early
2023
11 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 50 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. Usually files around 7 September (3 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-03-2027 close31-10-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2026, micro schema
Equity
€25,938▼ 25.1%
2025 · €34,607
Total assets
€109,905▲ 146%
2025 · €44,727
Net result
€51,331▲ 150%
2025 · €20,570
Working capital
-€7,001
2025 · €32,787
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting 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
Line2023202420252026
Operating result€10,431-€5,810▼ 44.3%€26,713▲ 360%€65,772▲ 146%
Net result€8,102below the sector's middle half-€4,435below the sector's middle half▼ 45.3%€20,570within the sector's middle half▲ 364%€51,331▲ 150%
Equity€9,602below the sector's middle half-€14,037below the sector's middle half▲ 46.2%€34,607within the sector's middle half▲ 147%€25,938▼ 25.1%
Total assets€29,539below the sector's middle half-€27,585below the sector's middle half▼ 6.6%€44,727below the sector's middle half▲ 62.1%€109,905▲ 146%
Debt€19,936-€13,548▼ 32.0%€10,120▼ 25.3%€83,967▲ 730%
Working capital€4,231below the sector's middle half-€10,660below the sector's middle half▲ 152%€32,787within the sector's middle half▲ 208%-€7,001
Solvency32.5%within the sector's middle half-50.9%within the sector's middle half▲ 18.4pp77.4%within the sector's middle half▲ 26.5pp23.6%▼ 53.8pp
Current ratio1.21below the sector's middle half-1.79within the sector's middle half▲ 0.574.24within the sector's middle half▲ 2.450.92▼ 3.32
Return on assets (ROA)27.4%within the sector's middle half-16.1%within the sector's middle half▼ 11.4pp46.0%above the sector's middle half▲ 29.9pp46.7%▲ 0.7pp
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2024 the operating result has climbed two years in a row; 2026 is 146% above 2025 and is the highest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €109,905
Fixed assets
€32,938 ▲ 1,710%
Current assets
€76,966 ▲ 79.4%
Equity and liabilities €109,905
Equity
€25,938 ▼ 25.1%
Debt
€83,967 ▲ 730%
Debt's share of the balance-sheet total rises from 22.6% to 76.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€68,223▲
2025 · €28,859
Cash flow
€53,782▲
2025 · €22,717
Debt to equity
3.24▲
2025 · 0.29
ROE
197.9%▲
2025 · 59.4%
Interest coverage
537.28▲
2025 · 213.85
Debt ≤ 1 year
€83,967▲
2025 · €10,120
Income taxes
€14,329▲
2025 · €6,012
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 7,976 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 94% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
3.6%
went bankrupt
1.8%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 7,976 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 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,528 | €1,994 | €2,146 | €2,451 | ▲ 14.2% |
| Other operating charges640/8 | €723 | €447 | €2,463 | €919 | ▼ 62.7% |
| Gross operating margin9900 | €12,683 | €8,251 | €31,323 | €69,142 | ▲ 121% |
| Operating profit (loss)9901 | €10,431 | €5,810 | €26,713 | €65,772 | ▲ 146% |
| Financial income75/76B | €0 | €7 | €4 | €15 | ▲ 236% |
| Recurring financial income75 | €0 | €7 | €4 | €15 | ▲ 236% |
| Financial charges65/66B | €7 | €119 | €135 | €127 | ▼ 5.9% |
| Recurring financial charges65 | €7 | €119 | €135 | €127 | ▼ 5.9% |
| Profit (loss) for the period before taxes9903 | €10,425 | €5,698 | €26,582 | €65,660 | ▲ 147% |
| Income taxes67/77 | €2,322 | €1,264 | €6,012 | €14,329 | ▲ 138% |
| Profit (loss) for the period9904 | €8,102 | €4,435 | €20,570 | €51,331 | ▲ 150% |
| Profit (loss) for the period to be appropriated9905 | €8,102 | €4,435 | €20,570 | €51,331 | ▲ 150% |
| Line | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €29,539 | €27,585 | €44,727 | €109,905 | ▲ 146% |
| Fixed assets21/28 | €5,371 | €3,377 | €1,820 | €32,938 | ▲ 1,710% |
| Tangible fixed assets22/27 | €5,371 | €3,377 | €1,820 | €32,938 | ▲ 1,710% |
| Furniture and vehicles24 | €5,371 | €3,377 | €1,820 | €2,775 | ▲ 52.5% |
| Other tangible fixed assets26 | - | - | - | €30,163 | - |
| Current assets29/58 | €24,168 | €24,208 | €42,907 | €76,966 | ▲ 79.4% |
| Amounts receivable within one year40/41 | €6,392 | €3,233 | €11,941 | €55,232 | ▲ 363% |
| Trade receivables40 | €4,164 | €3,233 | €11,941 | €6,432 | ▼ 46.1% |
| Other amounts receivable41 | €2,228 | - | - | €48,800 | - |
| Cash at bank and in hand54/58 | €17,776 | €20,974 | €30,966 | €21,734 | ▼ 29.8% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €29,539 | €27,585 | €44,727 | €109,905 | ▲ 146% |
| Equity10/15 | €9,602 | €14,037 | €34,607 | €25,938 | ▼ 25.1% |
| Contributions10/11 | €1,500 | €1,500 | €1,500 | €1,500 | = |
| Profit (loss) carried forward14 | €8,102 | €12,537 | €33,107 | €24,438 | ▼ 26.2% |
| Amounts payable17/49 | €19,936 | €13,548 | €10,120 | €83,967 | ▲ 730% |
| Amounts payable within one year42/48 | €19,936 | €13,548 | €10,120 | €83,967 | ▲ 730% |
| Financial debts43 | €1,399 | - | - | €3 | - |
| Credit institutions430/8 | €1,399 | - | - | €3 | - |
| Trade debts44 | €15,215 | €6,429 | €605 | €761 | ▲ 25.8% |
| Suppliers440/4 | €15,215 | €6,429 | €605 | €761 | ▲ 25.8% |
| Taxes, remuneration and social security45 | €3,322 | €7,119 | €9,515 | €23,203 | ▲ 144% |
| Taxes450/3 | €3,322 | €7,119 | €9,515 | €23,203 | ▲ 144% |
| Other amounts payable47/48 | - | - | - | €60,000 | - |
| Line | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,102 | €4,435 | €20,570 | €51,331 | ▲ 150% |
| + Depreciation and write-downs630 | €1,528 | €1,994 | €2,146 | €2,451 | ▲ 14.2% |
| Operating cash flow (approximation) | €9,631 | €6,428 | €22,717 | €53,782 | ▲ 137% |
| Investment in fixed assets (approximation) | - | €0 | -€589 | -€33,569 | ▼ 5,598% |
| Change in cash | - | €3,199 | €9,991 | -€9,231 | ▼ 192% |
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 2027, expected by
2026
08-09
State Gazette act
Incorporation · Founding capital
Founder · Director appointment
26-08
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
31-03
Financial
Highest result since 2023net €51,331 ▲150%
Operating result €65,772, net result €51,331, both a record.
2025
18-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Liquidity doublescurrent ratio 4.24
Current ratio from 1.79 to 4.24; short-term debt falls from €13,548 to €10,120.
2024
13-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Weakest financial yearnet €4,435 ▼45.3%
Net result drops to €4,435, the lowest in the series; recovery starts the following year.
2023
20-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Wavre · 1 establishment unit since 2022
Ground area
1.0 ha
Building footprint
3,619 m²
Volume, LiDAR
22,741 m³
2 parcels, Flanders, Wallonia · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
14
companies at this address
See who is registered here
1 establishment unit
CONTBEL
since 20222.330.154.091
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25055A0006/00M000 | Wallonia | 8,739 m² | 1 · 3,389 m² | 8.6 m · 2 fl. |
| 23046A0038/00E002 | Flanders | 1,347 m² | 1 · 229 m² | 7.9 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 12,174 companies in sector 69201 we hold annual accounts for 7,641. 4,893 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded15-04-2022
Fiscal year end31-03
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0784900541
Also
9925:BE0784900541
Registered
25-09-2025
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.