DONALDM
ActiveSummary
DONALDM has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20,081 and a net result of €17,530. Equity is shrinking by ~9.2% per year across the filed fiscal years. Its solvency ranks better than 44% of 32629 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency74▲+35
Growth32▼-26
Track record100
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 ample (current ratio 1.75 against 1.11 in 2024; short-term debt: 51.2% and cash: 65.1% of total assets), but 51.2% of the assets are financed with debt.
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Signals
Four 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 · 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 2025Solvency, return and age of the figures
Solvency
48.8%
Return on assets
42.6%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
on the day
2024
72 d early
2023
5 d early
2022
3 d early
2021
2 d early
2020
1 d early
2019
45 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 5 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 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 28 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€20,081▲ 8.2%
2024 · €18,551
Total assets
€41,165▼ 69.2%
2024 · €133,527
Net result
€17,530▼ 81.8%
2024 · €96,492
Working capital
€15,792▲ 24.3%
2024 · €12,703
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
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).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€50,707▲ 40.4%€30,169▼ 40.5%€53,507▲ 77.4%€124,143▲ 132%€19,071▼ 84.6%
Net result€39,421within the sector's middle half▲ 42.7%€22,855within the sector's middle half▼ 42.0%€41,514within the sector's middle half▲ 81.6%€96,492above the sector's middle half▲ 132%€17,530within the sector's middle half▼ 81.8%
Equity€91,986within the sector's middle half▲ 75.0%€26,842within the sector's middle half▼ 70.8%€20,356below the sector's middle half▼ 24.2%€18,551below the sector's middle half▼ 8.9%€20,081below the sector's middle half▲ 8.2%
Total assets€114,977within the sector's middle half▲ 22.1%€127,236within the sector's middle half▲ 10.7%€78,930below the sector's middle half▼ 38.0%€133,527within the sector's middle half▲ 69.2%€41,165below the sector's middle half▼ 69.2%
Debt€22,991▼ 44.7%€100,395▲ 337%€58,574▼ 41.7%€114,976▲ 96.3%€21,084▼ 81.7%
Working capital€90,815within the sector's middle half▲ 79.0%€26,258within the sector's middle half▼ 71.1%€19,011within the sector's middle half▼ 27.6%€12,703within the sector's middle half▼ 33.2%€15,792within the sector's middle half▲ 24.3%
Solvency80.0%above the sector's middle half▲ 24.2pp21.1%below the sector's middle half▼ 58.9pp25.8%below the sector's middle half▲ 4.7pp13.9%below the sector's middle half▼ 11.9pp48.8%within the sector's middle half▲ 34.9pp
Current ratio6.44above the sector's middle half▲ 3.861.27within the sector's middle half▼ 5.171.32within the sector's middle half▲ 0.051.11within the sector's middle half▼ 0.211.75within the sector's middle half▲ 0.64
Return on assets (ROA)34.3%above the sector's middle half▲ 4.9pp18.0%within the sector's middle half▼ 16.3pp52.6%above the sector's middle half▲ 34.6pp72.3%above the sector's middle half▲ 19.7pp42.6%above the sector's middle half▼ 29.7pp
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 falls in 2025; 2025 is 85% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €41,165
Fixed assets
€4,288 ▼ 26.7%
Current assets
€36,877 ▼ 71.1%
Equity and liabilities €41,165
Equity
€20,081 ▲ 8.2%
Debt
€21,084 ▼ 81.7%
Debt's share of the balance-sheet total falls from 86.1% to 51.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€20,630▼
2024 · €125,199
Cash flow
€19,089▼
2024 · €97,549
Debt to equity
1.05▼
2024 · 6.20
ROE
87.3%▼
2024 · 520.1%
Interest coverage
94.85▼
2024 · 600.02
Debt ≤ 1 year
€21,084▼
2024 · €114,976
Income taxes
€1,323▼
2024 · €24,105
Staff costs
€15,725▲
2024 · €15,339
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 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 26,975 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €3,163 | €15,339 | €15,725 | ▲ 2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,851 | €3,851 | €4,074 | €1,057 | €1,559 | ▲ 47.6% |
| Other operating charges640/8 | €653 | €515 | €635 | €4,356 | €3,863 | ▼ 11.3% |
| Gross operating margin9900 | €55,212 | €34,535 | €61,379 | €144,894 | €40,217 | ▼ 72.2% |
| Operating profit (loss)9901 | €50,707 | €30,169 | €53,507 | €124,143 | €19,071 | ▼ 84.6% |
| Financial charges65/66B | €359 | €355 | €266 | €3,546 | €218 | ▼ 93.9% |
| Recurring financial charges65 | €359 | €355 | €266 | €209 | €218 | ▲ 4.2% |
| Non-recurring financial charges66B | - | - | - | €3,337 | - | - |
| Profit (loss) for the period before taxes9903 | €50,349 | €29,814 | €53,241 | €120,597 | €18,853 | ▼ 84.4% |
| Income taxes67/77 | €10,927 | €6,958 | €11,727 | €24,105 | €1,323 | ▼ 94.5% |
| Profit (loss) for the period9904 | €39,421 | €22,855 | €41,514 | €96,492 | €17,530 | ▼ 81.8% |
| Profit (loss) for the period to be appropriated9905 | €39,421 | €22,855 | €41,514 | €96,492 | €17,530 | ▼ 81.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €114,977 | €127,236 | €78,930 | €133,527 | €41,165 | ▼ 69.2% |
| Fixed assets21/28 | €7,480 | €3,629 | €1,344 | €5,848 | €4,288 | ▼ 26.7% |
| Tangible fixed assets22/27 | €7,480 | €3,629 | €1,344 | €5,848 | €4,288 | ▼ 26.7% |
| Furniture and vehicles24 | €7,480 | €3,629 | €1,344 | €5,848 | €4,288 | ▼ 26.7% |
| Current assets29/58 | €107,497 | €123,607 | €77,585 | €127,679 | €36,877 | ▼ 71.1% |
| Amounts receivable after more than one year29 | - | €3,500 | €3,500 | - | - | - |
| Other amounts receivable291 | - | €3,500 | €3,500 | - | - | - |
| Amounts receivable within one year40/41 | €13,166 | €20,684 | €14,645 | €13,983 | €10,079 | ▼ 27.9% |
| Trade receivables40 | €9,166 | €18,643 | €12,561 | €9,425 | €6,990 | ▼ 25.8% |
| Other amounts receivable41 | €4,000 | €2,042 | €2,084 | €4,558 | €3,089 | ▼ 32.2% |
| Current investments50/53 | - | - | €3,337 | - | - | - |
| Cash at bank and in hand54/58 | €94,331 | €99,373 | €56,103 | €113,696 | €26,797 | ▼ 76.4% |
| Deferred charges and accrued income490/1 | - | €49 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €114,977 | €127,236 | €78,930 | €133,527 | €41,165 | ▼ 69.2% |
| Equity10/15 | €91,986 | €26,842 | €20,356 | €18,551 | €20,081 | ▲ 8.2% |
| Reserves13 | €91,986 | €26,842 | €20,356 | €18,551 | €18,551 | = |
| Non-distributable reserves130/1 | €18,551 | €18,551 | €18,551 | €18,551 | €18,551 | = |
| Reserves not available under the articles1311 | €18,551 | €18,551 | €18,551 | €18,551 | €18,551 | = |
| Distributable reserves133 | €73,435 | €8,291 | €1,805 | - | - | - |
| Profit (loss) carried forward14 | - | - | - | - | €1,530 | - |
| Amounts payable17/49 | €22,991 | €100,395 | €58,574 | €114,976 | €21,084 | ▼ 81.7% |
| Amounts payable after more than one year17 | €6,309 | €3,045 | - | - | - | - |
| Financial debts170/4 | €6,309 | €3,045 | - | - | - | - |
| Amounts payable within one year42/48 | €16,682 | €97,349 | €58,574 | €114,976 | €21,084 | ▼ 81.7% |
| Current portion of amounts payable after more than one year42 | €3,204 | €3,264 | €3,045 | - | - | - |
| Trade debts44 | €2,843 | - | €32 | €226 | €183 | ▼ 19.2% |
| Suppliers440/4 | €2,843 | - | €32 | €226 | €183 | ▼ 19.2% |
| Taxes, remuneration and social security45 | €6,740 | €5,777 | €7,497 | €16,453 | €4,901 | ▼ 70.2% |
| Taxes450/3 | €6,740 | €5,777 | €6,182 | €12,366 | €1,323 | ▼ 89.3% |
| Remuneration and social security454/9 | - | - | €1,314 | €4,087 | €3,578 | ▼ 12.5% |
| Other amounts payable47/48 | €3,895 | €88,308 | €48,000 | €98,297 | €16,000 | ▼ 83.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €39,421 | €22,855 | €41,514 | €96,492 | €17,530 | ▼ 81.8% |
| + Depreciation and write-downs630 | €3,851 | €3,851 | €4,074 | €1,057 | €1,559 | ▲ 47.6% |
| Operating cash flow (approximation) | €43,272 | €26,706 | €45,588 | €97,549 | €19,089 | ▼ 80.4% |
| Investment in fixed assets (approximation) | - | €0 | -€1,789 | -€5,560 | €0 | ▲ 100% |
| Change in cash | - | €5,042 | -€43,270 | €57,593 | -€86,899 | ▼ 251% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €17,530 ▼81.8%
Net result drops to €17,530, the lowest in the series.
20-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2019net €96,492 ▲132%
Operating result €124,143, net result €96,492, both a record.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity doublescurrent ratio 6.44
Current ratio from 2.58 to 6.44; short-term debt falls from €32,098 to €16,682.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
14-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 45 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Beersel · 1 establishment unit since 2018
Ground area
126 m²
Building footprint
195 m²
Volume, LiDAR
1,121 m³
Parcel 23003B0071/00R009, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DONALDM
since 20182.284.151.941
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23003B0071/00R009 | Flanders | 126 m² | 1 · 195 m² | 9.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,601 companies in this sector we hold annual accounts for 52,629. 30,580 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded12-12-2018
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0715753793
Also
9925:BE0715753793
Registered
17-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.