Do Consult
ActiveSummary
Do Consult has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €404,442 and a net result of €41,249. Equity has been growing by about 9.2% per year since 2019. Its solvency ranks better than 90% of 578 sector peers (NACE 62, financial year 2026). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 10-10-2012 Normal situation
- Activity
- Computer consultancy and computer facilities management NACE 62200
- Establishment unit
- 2.213.395.389 9820 Merelbeke-Melle, since 12-10-2012
- Financial year end
- 31 March
- Peppol
- Reachable since 09-04-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €42,865
- ▼ 47.4%
- Turnover
- ≈ €150,000
- estimated
- Profit
- €41,249
- ▼ 27.1%
- Equity
- €404,442
- ▲ 11.4%
- Total assets
- €440,900
- ▲ 11.2%
Score breakdownlowers riskLiquidity: current ratio 12.73, cash €287,327Equity €404,442 (91.7% of total assets)Sector: Computer programming, consultancy and related activities (NACE 62)Size: total assets €440,900Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, micro). It does better than 85% of them on solvency, 96% on liquidity, 41% on profitability and 58% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 8 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2026, micro format
Annual accounts 2026 filed on 08-10-2026 at the NBB all 14 filings
Every figure per financial year
The operating result for 2026 is 50% lower than in 2025 and the lowest since 2022. It is the second fall in a row.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Tangible fixed assets | €743 | €1,009 | €1,327 | - | - |
| Depreciation and write-downs of the year | €3,707 | €4,028 | €4,347 | €3,874 | €3,624 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,751 | €7,531 | €6,619 | €3,707 | €4,028 | €4,347 | €3,874 | €3,624 | ▼ 6.4% |
| Other operating charges640/8 | - | - | - | €967 | €598 | €1,220 | €1,101 | €964 | ▼ 12.5% |
| Gross operating margin9900 | €41,216 | €44,963 | €100,254 | €58,016 | €53,475 | €102,174 | €81,507 | €42,865 | ▼ 47.4% |
| Operating profit (loss)9901 | €30,490 | €34,855 | €92,265 | €53,342 | €48,849 | €96,607 | €76,532 | €38,278 | ▼ 50.0% |
| Financial income75/76B | - | - | - | €1,059 | €1,991 | €930 | €4,439 | €22,803 | ▲ 414% |
| Recurring financial income75 | €380 | €730 | €907 | €1,059 | €1,991 | €930 | €4,439 | €3,642 | ▼ 17.9% |
| Non-recurring financial income76B | - | - | - | - | - | - | - | €19,160 | - |
| Financial charges65/66B | - | - | - | €1,547 | €3,809 | €2,884 | €2,126 | €3,273 | ▲ 53.9% |
| Recurring financial charges65 | €1,248 | €1,278 | €1,026 | €1,547 | €3,809 | €2,107 | €2,126 | €3,273 | ▲ 53.9% |
| Non-recurring financial charges66B | - | - | - | - | - | €777 | €0 | - | - |
| Profit (loss) for the period before taxes9903 | €29,622 | €34,307 | €92,146 | €52,854 | €47,031 | €94,653 | €78,844 | €57,807 | ▼ 26.7% |
| Income taxes67/77 | €8,981 | €13,644 | €25,335 | €14,568 | €13,351 | €26,482 | €22,281 | €16,557 | ▼ 25.7% |
| Profit (loss) for the period9904 | €20,641 | €20,663 | €66,812 | €38,286 | €33,680 | €68,171 | €56,563 | €41,249 | ▼ 27.1% |
| Profit (loss) for the period to be appropriated9905 | €20,641 | €57,863 | €66,812 | €38,286 | €33,680 | €68,171 | €56,563 | €41,249 | ▼ 27.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €245,966 | €271,731 | €346,351 | €293,369 | €270,555 | €339,906 | €396,558 | €440,900 | ▲ 11.2% |
| Fixed assets21/28 | €27,584 | €21,220 | €20,818 | €14,627 | €11,608 | €8,588 | €4,714 | €1,090 | ▼ 76.9% |
| Tangible fixed assets22/27 | €27,584 | €21,220 | €20,818 | €14,627 | €11,608 | €8,588 | €4,714 | €1,090 | ▼ 76.9% |
| Furniture and vehicles24 | - | - | - | €4,747 | €4,067 | €3,384 | €1,849 | €563 | ▼ 69.5% |
| Other tangible fixed assets26 | - | - | - | €9,880 | €7,542 | €5,203 | €2,865 | €527 | ▼ 81.6% |
| Current assets29/58 | €218,381 | €250,511 | €325,533 | €278,741 | €258,946 | €331,318 | €391,844 | €439,810 | ▲ 12.2% |
| Amounts receivable within one year40/41 | €14,678 | €8,604 | €21,470 | €24,729 | €5,842 | €17,663 | €27,460 | €12,424 | ▼ 54.8% |
| Trade receivables40 | - | - | - | €22,783 | €1,574 | €16,059 | €26,307 | €12,402 | ▼ 52.9% |
| Other amounts receivable41 | - | - | - | €1,946 | €4,268 | €1,605 | €1,153 | €23 | ▼ 98.0% |
| Current investments50/53 | €39,689 | €49,100 | €58,512 | €67,923 | €36,790 | €115,149 | €124,158 | €133,100 | ▲ 7.2% |
| Cash at bank and in hand54/58 | €162,478 | €191,116 | €244,495 | €185,600 | €215,523 | €193,147 | €237,753 | €287,327 | ▲ 20.9% |
| Deferred charges and accrued income490/1 | - | - | - | €489 | €791 | €5,359 | €2,473 | €6,958 | ▲ 181% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €245,966 | €271,731 | €346,351 | €293,369 | €270,555 | €339,906 | €396,558 | €440,900 | ▲ 11.2% |
| Equity10/15 | €214,721 | €233,760 | €296,117 | €252,931 | €240,958 | €308,029 | €363,193 | €404,442 | ▲ 11.4% |
| Contributions10/11 | €6,200 | - | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €208,521 | €227,560 | €289,917 | €246,731 | €234,758 | €301,829 | €356,993 | €398,242 | ▲ 11.6% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €0 | - | - | - | - |
| Distributable reserves133 | - | - | - | €244,871 | €234,758 | €301,829 | €356,993 | €398,242 | ▲ 11.6% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €31,244 | €37,971 | €50,234 | €40,438 | €29,596 | €31,877 | €33,366 | €36,458 | ▲ 9.3% |
| Amounts payable within one year42/48 | €29,961 | €37,367 | €49,534 | €39,543 | €28,691 | €30,095 | €31,498 | €34,538 | ▲ 9.6% |
| Financial debts43 | - | - | - | - | €402 | €296 | €696 | €56 | ▼ 91.9% |
| Credit institutions430/8 | - | - | - | - | €402 | €296 | €696 | €56 | ▼ 91.9% |
| Trade debts44 | €2,073 | €3,619 | €2,881 | €2,976 | €481 | €593 | €1,958 | €1,813 | ▼ 7.4% |
| Suppliers440/4 | - | - | - | €2,976 | €481 | €593 | €1,958 | €1,813 | ▼ 7.4% |
| Taxes, remuneration and social security45 | - | - | - | €11,847 | €11,912 | €15,173 | €13,694 | €16,029 | ▲ 17.1% |
| Taxes450/3 | - | - | - | €10,071 | €9,852 | €13,023 | €11,429 | €13,679 | ▲ 19.7% |
| Remuneration and social security454/9 | - | - | - | €1,776 | €2,060 | €2,150 | €2,265 | €2,350 | ▲ 3.8% |
| Other amounts payable47/48 | - | - | - | €24,720 | €15,896 | €14,032 | €15,150 | €16,639 | ▲ 9.8% |
| Accrued charges and deferred income492/3 | - | - | - | €895 | €906 | €1,781 | €1,867 | €1,920 | ▲ 2.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,641 | €20,663 | €66,812 | €38,286 | €33,680 | €68,171 | €56,563 | €41,249 | ▼ 27.1% |
| + Depreciation and write-downs630 | €7,751 | €7,531 | €6,619 | €3,707 | €4,028 | €4,347 | €3,874 | €3,624 | ▼ 6.4% |
| Operating cash flow (approximation) | €28,391 | €28,194 | €73,430 | €41,992 | €37,708 | €72,518 | €60,437 | €44,873 | ▼ 25.8% |
| Investment in fixed assets (approximation) | - | -€1,167 | -€6,216 | €2,484 | -€1,009 | -€1,327 | €0 | €0 | - |
| Change in cash | - | €28,638 | €53,379 | -€58,895 | €29,924 | -€22,376 | €44,605 | €49,574 | ▲ 11.1% |
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, 34,693 companies had the same profile as Do Consult has now. Two years later, 95.3% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of Do Consult 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 34,693 companies, not a prediction for Do Consult. 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 14 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | micro format | 08-10-2026 | 2026-00551146 | |
| 31-03-2025 | micro format | 03-10-2025 | 2025-00527864 | |
| 31-03-2024 | micro format | 23-10-2024 | 2024-00511995 | |
| 31-03-2023 | micro format | 27-10-2023 | 2023-00494138 | |
| 31-03-2022 | micro format | 12-10-2022 | 2022-20466454 | |
| 31-03-2021 | micro format | 03-11-2021 | 2021-76000533 | |
| 31-03-2020 | micro format | 26-11-2020 | 2020-72300384 | |
| 31-03-2019 | micro format | 25-10-2019 | 2019-71500392 | |
| 31-03-2018 | micro format | 31-10-2018 | 2018-71100182 | |
| 31-03-2017 | micro format | 23-11-2017 | 2017-70300183 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 09-09-2022 Converted to available equity
Mandate history
- Board
- end not dated
| Name | Functions and periods |
|---|---|
| Bultinck Nick |
|
| DE KEUKELEIRE,Ellen |
|
Articles of association
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Alle machten in artikel 2:87 WVV zonder bijzondere machtiging, algemene vergadering kan te allen tijde beperken bij gewone meerderheid”
Articles of association, deed of 09-09-2022 (in Dutch)
Network & group
Do Consult shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of Do Consult. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
09-09
Gazette deed
Appointment: DE KEUKELEIRE,Ellen (opvolgend bestuurder)Capital conversion · Amendment of the articles6 points ▸
- General meeting, 30-08-2022
- Capital conversion, “van rechtswege en zonder vervulling van enige formaliteit, statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Capital conversion, “beschikbare eigen vermogensrekening” (deed in Dutch)
- Board composition, BULTINCK,Nick (director)
- Director appointment, DE KEUKELEIRE,Ellen (opvolgend bestuurder)
- Amendment of the articles
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
30 activities
- Ontwerpen en programmeren van computerprogramma’s,computer-consultancy-activiteiten en aanverwante activiteiten;
- Groothandel in informatie- en communicatieapparatuur;
- Detailhandel in computers,randapparatuur en software in gespeciali-seerde winkels;
- Het installeren van software,databanken,websites en webappli-caties;
- Het integreren van on- en off-line backup oplossingen;
- Aanleggen en integreren van complete netwerken,databekabelingen;
- Reparatie van computers en randapparatuur;
- Dienstverlenende activiteiten op het gebied van informatietech-nologie;
- Overige dienstverlenende activiteiten op het gebied van informatie;
- Het optreden als bureau voor consultancy,opleidingen,project-ontwikkeling,administratieve prestaties,ontwerp,marketing,service,copywriting,advies en vertalingen in binnen- en buitenland;
- Het geven van advies en bijstand,onder welke vorm ook,die kaderen in de uitoefening van het voorwerp;
- Dienstverlenende activiteiten op het gebied van ondersteuning en begeleiding bij de administratie van een bedrijf;
- Handel in eigen onroerend goed;
- Verhuur en exploitatie van eigen of geleasd onroerend goed;
- Bemiddeling in en beheer van onroerend goed voor een vast bedrag of op contractbasis;
- Verlenen van advies en praktische hulp aan de bedrijven in verband met public relations en communicatie;
- Verlenen van bouwkundige adviezen aan de bouwheer;
- Tekenen en ontwerpen van tuinen;
- Uitvoeren van studies en verlenen van advies in verband met stede-bouwkundige planning en landschapsarchitectuur;
- Uitwerking van projecten op het gebied van de burgerlijke en utiliteitsbouw,de weg- en waterbouw en het verkeer;
- Aanleggen en onderhouden van parken,tuinen en sportvelden,met inbegrip van aanplantingen;het plaatsen van afsluitingen en omheiningen;
- De aankoop,verkoop,ruiling,verhuring,exploitatie,verkaveling,nieuwbouw,verbouwing,heropbouw en het beheer voor eigen rekening of voor rekening van derden van alle onroerende goederen zonder uitzonderingen,gelegen in België of in het buitenland;
- Het uitbaten,huren en verhuren van alle onroerende goederen,alsmede het optreden als makelaar en tussenpersoon bij de verkoop en verhuring ervan;
- Pandstelling ten voordele van derden,het zich borg stellen voor het goede verloop van verbintenissen aangegaan door derde personen die het genot zouden hebben van de onroerende goederen van de vennootschap;het verlenen van zowel persoonlijke als zakelijke,roerende als onroerende waarborgen ten voordele van derden;
- Alle beleggingen in roerende goederen en waarden;
- Het stellen van alle verrichtingen die betrekking hebben op het oordeelkundig beheer en uitbreiding van een onroerend patrimonium,vooral door aan- en verkoop,verhuring en andere overeenkomsten met derden in verband met hun gebruik,genot en opbrengst,ook in opdracht en/of voor rekening van derden;
- Het geven van advies en bijstand,onder welke vorm ook,die kaderen in de uitoefening van het voorwerp;
- Het optreden als tussenpersoon in de realisatie van voormelde verrichtingen en in het algemeen als tussenpersoon in al deze activiteiten;
- De organisatie van seminaries en het verspreiden van publicaties;
- Het optreden als studie-,organisatie- en raadgevend bureau inzake nijverheids-,handels-,financiële en sociale aangelegenheden en het verstrekken van adviezen in verband hiermee.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44412C0520/00D000 | Flanders | 1,631 m² | 1 · 160 m² | 7.7 m · 1 |