CUSTODIAN
ActiveSummary
CUSTODIAN has been active since 2012 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags). The 2025 annual accounts show negative equity (-€237,858) and a net result of -€28,420. Equity is shrinking by ~17.9% per year across the filed fiscal years. Its solvency ranks better than 5% of 32023 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-12
Solvency0=
Growth32▼-26
Track record92
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.08 against 0.11 in 2024; short-term debt: 187.7% and cash: 2.6% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-164.9%
Return on assets
-19.7%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€237,858
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
90 d late
2023
28 d late
2022
92 d late
2021
145 d late
2020
122 d late
2019
102 d late
← 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 87 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Strikeout withdrawal
Checked, nothing found (1)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 29 October (4 of the last 5 filed years within 59 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€237,858▼ 13.6%
2024 · -€209,438
Total assets
€144,283▼ 8.1%
2024 · €156,936
Net result
-€28,420▼ 258%
2024 · -€7,933
Working capital
-€250,510▼ 9.2%
2024 · -€229,385
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€15,493▲ 87.7%-€43,671▼ 182%-€18,361▲ 58.0%-€7,183▲ 60.9%-€27,514▼ 283%
Net result-€15,834below the sector's middle half▲ 87.6%-€38,191below the sector's middle half▼ 141%-€20,728below the sector's middle half▲ 45.7%-€7,933below the sector's middle half▲ 61.7%-€28,420below the sector's middle half▼ 258%
Equity-€142,587below the sector's middle half▼ 12.5%-€180,777below the sector's middle half▼ 26.8%-€201,505below the sector's middle half▼ 11.5%-€209,438below the sector's middle half▼ 3.9%-€237,858below the sector's middle half▼ 13.6%
Total assets€117,544within the sector's middle half▼ 5.5%€114,647within the sector's middle half▼ 2.5%€136,531within the sector's middle half▲ 19.1%€156,936within the sector's middle half▲ 14.9%€144,283within the sector's middle half▼ 8.1%
Debt€260,131▲ 3.6%€295,424▲ 13.6%€338,036▲ 14.4%€366,373▲ 8.4%€382,141▲ 4.3%
Working capital-€201,639below the sector's middle half▼ 11.9%-€202,068below the sector's middle half▼ 0.2%-€200,536below the sector's middle half▲ 0.8%-€229,385below the sector's middle half▼ 14.4%-€250,510below the sector's middle half▼ 9.2%
Solvency-121.3%below the sector's middle half▼ 19.4pp-157.7%below the sector's middle half▼ 36.4pp-147.6%below the sector's middle half▲ 10.1pp-133.5%below the sector's middle half▲ 14.1pp-164.9%below the sector's middle half▼ 31.4pp
Current ratio0.05below the sector's middle half▼ 0.040.03below the sector's middle half▼ 0.010.11below the sector's middle half▲ 0.080.11below the sector's middle half▼ 0.010.08below the sector's middle half▼ 0.03
Return on assets (ROA)-13.5%below the sector's middle half▲ 88.8pp-33.3%below the sector's middle half▼ 19.8pp-15.2%below the sector's middle half▲ 18.1pp-5.1%below the sector's middle half▲ 10.1pp-19.7%below the sector's middle half▼ 14.6pp
Staff (FTE)1.9▲ 35.7%2.6▲ 36.8%2.4▼ 7.7%4▲ 66.7%3.8▼ 5.0%
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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
The operating result stays negative: a loss of €27,514 in 2025 against €7,183 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €144,283
Fixed assets
€123,923 ▼ 4.6%
Current assets
€20,360 ▼ 24.6%
Key figures and ratios
EBITDA
-€21,489▼
2024 · -€3,526
Cash flow
-€22,395▼
2024 · -€4,275
Quick ratio
0.07▼
2024 · 0.10
Debt to equity
-1.61▲
2024 · -1.75
Interest coverage
-24.83▼
2024 · -3.16
Debt ≤ 1 year
€270,870▲
2024 · €256,373
Debt > 1 year
€111,271▲
2024 · €110,000
Income taxes
€40▼
2024 · €174
Staff costs
€37,123▼
2024 · €52,434
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,906 companies that looked in July 2024 the way this one looks now, 5.8% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
5.8%
went bankrupt
8.1%
stopped otherwise
85%
still going
A further 0.6% 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 497,340 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% | 1.8% |
| 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 6,906 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €12,337 | - | - | - | - |
| Remuneration, social security and pensions62 | €46,069 | €80,951 | €49,237 | €52,434 | €37,123 | ▼ 29.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €618 | €883 | €1,166 | €3,658 | €6,025 | ▲ 64.7% |
| Other operating charges640/8 | €836 | €753 | €1,714 | €639 | €1,735 | ▲ 172% |
| Gross operating margin9900 | €32,029 | €38,916 | €33,757 | €49,547 | €17,369 | ▼ 64.9% |
| Operating profit (loss)9901 | -€15,493 | -€43,671 | -€18,361 | -€7,183 | -€27,514 | ▼ 283% |
| Financial income75/76B | €369 | €7,668 | - | €541 | - | - |
| Recurring financial income75 | €369 | €7,668 | - | €541 | - | - |
| Financial charges65/66B | €710 | €2,039 | €2,203 | €1,116 | €866 | ▼ 22.4% |
| Recurring financial charges65 | €710 | €2,039 | €2,203 | €1,116 | €866 | ▼ 22.4% |
| Profit (loss) for the period before taxes9903 | -€15,834 | -€38,042 | -€20,563 | -€7,758 | -€28,380 | ▼ 266% |
| Income taxes67/77 | - | €149 | €164 | €174 | €40 | ▼ 76.9% |
| Profit (loss) for the period9904 | -€15,834 | -€38,191 | -€20,728 | -€7,933 | -€28,420 | ▼ 258% |
| Profit (loss) for the period to be appropriated9905 | -€15,834 | -€38,191 | -€20,728 | -€7,933 | -€28,420 | ▼ 258% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €117,544 | €114,647 | €136,531 | €156,936 | €144,283 | ▼ 8.1% |
| Fixed assets21/28 | €107,870 | €107,771 | €110,511 | €129,948 | €123,923 | ▼ 4.6% |
| Tangible fixed assets22/27 | €107,621 | €107,523 | €110,262 | €129,699 | €123,674 | ▼ 4.6% |
| Land and buildings22 | €106,752 | €106,752 | €106,752 | €106,752 | €106,752 | = |
| Plant, machinery and equipment23 | €357 | - | - | - | - | - |
| Furniture and vehicles24 | €512 | €771 | €3,510 | €22,947 | €16,922 | ▼ 26.3% |
| Financial fixed assets28 | €248 | €248 | €248 | €248 | €248 | = |
| Current assets29/58 | €9,674 | €6,876 | €26,020 | €26,988 | €20,360 | ▼ 24.6% |
| Stocks and contracts in progress3 | - | - | €6,423 | €1,884 | €456 | ▼ 75.8% |
| Stocks30/36 | - | - | €6,423 | €1,884 | €456 | ▼ 75.8% |
| Amounts receivable within one year40/41 | €7,640 | €5,941 | €13,769 | €13,543 | €14,702 | ▲ 8.6% |
| Trade receivables40 | €5,668 | €4,760 | €13,769 | €13,543 | €14,620 | ▲ 8.0% |
| Other amounts receivable41 | €1,973 | €1,181 | - | €0 | €82 | ▲ 68,050% |
| Cash at bank and in hand54/58 | €1,541 | €65 | €1,375 | €5,855 | €3,741 | ▼ 36.1% |
| Deferred charges and accrued income490/1 | €493 | €871 | €4,454 | €5,705 | €1,461 | ▼ 74.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €117,544 | €114,647 | €136,531 | €156,936 | €144,283 | ▼ 8.1% |
| Equity10/15 | -€142,587 | -€180,777 | -€201,505 | -€209,438 | -€237,858 | ▼ 13.6% |
| Contributions10/11 | €65,000 | €65,000 | €65,000 | €65,000 | €65,000 | = |
| Profit (loss) carried forward14 | -€207,587 | -€245,777 | -€266,505 | -€274,438 | -€302,858 | ▼ 10.4% |
| Amounts payable17/49 | €260,131 | €295,424 | €338,036 | €366,373 | €382,141 | ▲ 4.3% |
| Amounts payable after more than one year17 | €35,000 | €85,000 | €110,000 | €110,000 | €111,271 | ▲ 1.2% |
| Financial debts170/4 | €35,000 | €85,000 | €110,000 | €110,000 | €110,000 | = |
| Advances received on contracts in progress176 | - | - | - | - | €1,271 | - |
| Amounts payable within one year42/48 | €211,314 | €208,944 | €226,556 | €256,373 | €270,870 | ▲ 5.7% |
| Current portion of amounts payable after more than one year42 | €15,687 | €9,524 | €7,448 | €7,448 | €7,448 | = |
| Trade debts44 | €2,792 | €4,474 | €13,148 | €4,335 | €8,032 | ▲ 85.3% |
| Suppliers440/4 | €2,792 | €4,474 | €13,148 | €4,335 | €8,032 | ▲ 85.3% |
| Taxes, remuneration and social security45 | €5,886 | €7,426 | €9,288 | €17,384 | €9,662 | ▼ 44.4% |
| Taxes450/3 | - | €557 | €1,655 | €6,077 | €3,894 | ▼ 35.9% |
| Remuneration and social security454/9 | €5,886 | €6,869 | €7,633 | €11,308 | €5,768 | ▼ 49.0% |
| Other amounts payable47/48 | €186,948 | €187,520 | €196,672 | €227,207 | €245,729 | ▲ 8.2% |
| Accrued charges and deferred income492/3 | €13,817 | €1,480 | €1,480 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€15,834 | -€38,191 | -€20,728 | -€7,933 | -€28,420 | ▼ 258% |
| + Depreciation and write-downs630 | €618 | €883 | €1,166 | €3,658 | €6,025 | ▲ 64.7% |
| Operating cash flow (approximation) | -€15,216 | -€37,308 | -€19,561 | -€4,275 | -€22,395 | ▼ 424% |
| Investment in fixed assets (approximation) | - | -€784 | -€3,906 | -€23,095 | €0 | ▲ 100% |
| Change in cash | - | -€1,476 | €1,310 | €4,480 | -€2,114 | ▼ 147% |
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 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
29-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 90 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 92 days late
2022
23-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 145 days late
2021
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 122 days late
2020
31-12
Financial
Weakest financial yearnet -€127,212
Net result drops to -€127,212, the lowest in the series; recovery starts the following year.
10-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 102 days late
05-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 432 days late
2018
07-12
KBO administration
Strikeout withdrawal
event 05-09-2018
05-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 36 days late
13-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 378 days late
SignalFinancial milestoneNBB 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, Machelen (Brab.) · 1 establishment unit since 2012
Ground area
5,885 m²
Building footprint
1,339 m²
Volume, LiDAR
19,828 m³
2 parcels, Flanders · tallest building 18.1 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Legalnet.be
since 20122.226.602.930
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23015B0073/00A000 | Flanders | 5,496 m² | 1 · 1,193 m² | 18.1 m · 5 fl. |
| 46443E1967/00E000 | Flanders | 389 m² | 1 · 146 m² | 14.3 m · 3 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 82,641 companies in sector 70200 we hold annual accounts for 52,636. 2,644 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
Founded07-05-2012
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
63910Web portal activities
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0845731320
Also
9925:BE0845731320
Registered
15-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.