DOWN TO EARTH
ActiveSummary
DOWN TO EARTH has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.79M and a net result of €74k. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 41% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability65▲+19
Solvency69▼-6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €340k at 30 days acceptable
Liquidity tight (current ratio 1.08 against 1.11 in 2024; short-term debt: 27.8% and cash: 0.8% of total assets), and 55.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers 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 →
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
44.5%
Return on assets
0.7%
Age of the figures
15 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
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 03-02-2026, 3 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
3 d late
2024
27 d late
2023
7 d late
2022
19 d late
2021
25 d late
2020
2 d late
2019
3 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€4.79M▲ 1.6%
2024 · €4.72M
2019: €4.64M
2020: €4.66M▲ +0.4% vs 2019
2021: €4.56M▼ -2.0% vs 2020lowest in 7 years
2022: €4.70M▲ +3.1% vs 2021
2023: €4.69M▼ -0.4% vs 2022
2024: €4.72M▲ +0.7% vs 2023
2025: €4.79M▲ +1.6% vs 2024highest in 7 years
2019 → 2025
Total assets
€10.77M▲ 14.8%
2024 · €9.39M
2019: €6.47M
2020: €6.43M▼ -0.6% vs 2019
2021: €6.30M▼ -2.0% vs 2020lowest in 7 years
2022: €8.87M▲ +40.7% vs 2021
2023: €8.53M▼ -3.8% vs 2022
2024: €9.39M▲ +10.1% vs 2023
2025: €10.77M▲ +14.8% vs 2024highest in 7 years
2019 → 2025
Net result
€74k▲ 141%
2024 · €31k
2019: €2k
2020: €19k▲ +1019% vs 2019
2021: €24k▲ +24.7% vs 2020
2022: €141k▲ +496% vs 2021highest in 7 years
2023: €-18k▼ -113% vs 2022lowest in 7 years
2024: €31k▲ +271% vs 2023
2025: €74k▲ +141% vs 2024
2019 → 2025
Working capital
€248k▼ 27.7%
2024 · €342k
2019: €2.85M
2020: €2.90M▲ +1.5% vs 2019highest in 7 years
2021: €2.70M▼ -6.6% vs 2020
2022: €2.15M▼ -20.4% vs 2021
2023: €2.14M▼ -0.5% vs 2022
2024: €342k▼ -84.0% vs 2023
2025: €248k▼ -27.7% vs 2024lowest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€4.56M-€4.70M▲ 3.1%€4.69M▼ 0.4%€4.72M▲ 0.7%€4.79M▲ 1.6%
2021: €4.56Mlowest in 5 years
2022: €4.70M▲ +3.1% vs 2021
2023: €4.69M▼ -0.4% vs 2022
2024: €4.72M▲ +0.7% vs 2023
2025: €4.79M▲ +1.6% vs 2024highest in 5 years
Operating result€-18k-€-23k▼ 29.0%€63k€70k▲ 12.4%€-11k
2021: €-18k
2022: €-23k▼ -29.0% vs 2021lowest in 5 years
2023: €63k▲ +374% vs 2022
2024: €70k▲ +12.4% vs 2023highest in 5 years
2025: €-11k▼ -116% vs 2024
Net result€24k-€141k▲ 496%€-18k€31k€74k▲ 141%
2021: €24k
2022: €141k▲ +496% vs 2021highest in 5 years
2023: €-18k▼ -113% vs 2022lowest in 5 years
2024: €31k▲ +271% vs 2023
2025: €74k▲ +141% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €11k after €70k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10.77M
Fixed assets
€7.53M ▲ 25.0%
Current assets
€3.24M ▼ 3.6%
Equity and liabilities €10.77M
Equity
€4.79M ▲ 1.6%
Debt
€5.98M ▲ 28.1%
Debt's share of the balance-sheet total rises from 49.8% to 55.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€315k▲
2024 · €213k
Cash flow
€400k▲
2024 · €173k
Current ratio
1.08▼
2024 · 1.11
Debt to equity
1.25▲
2024 · 0.99
ROE
1.5%▲
2024 · 0.6%
ROA
0.7%▲
2024 · 0.3%
Interest coverage
5.43▲
2024 · 3.20
Debt ≤ 1 year
€2.99M▼
2024 · €3.02M
Debt > 1 year
€2.99M▲
2024 · €1.65M
Income taxes
€9k▲
2024 · €8k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€9.39M€10.77M▲
Fixed assets21/28€6.03M€7.53M▲
Tangible fixed assets22/27€3.90M€5.40M▲
Land and buildings22€3.75M€5.27M▲
Plant, machinery and equipment23€118k€99k▼
Furniture and vehicles24€25k€33k▲
Financial fixed assets28€2.13M€2.13M=
Current assets29/58€3.36M€3.24M▼
Amounts receivable within one year40/41€69k€57k▼
Trade receivables40€63k€30k▼
Other amounts receivable41€6k€28k▲
Current investments50/53€3.19M€3.08M▼
Cash at bank and in hand54/58€64k€86k▲
Deferred charges and accrued income490/1€37k€13k▼
Equity and liabilities
Total equity and liabilities10/49€9.39M€10.77M▲
Equity10/15€4.72M€4.79M▲
Contributions10/11€425k€425k=
Reserves13€177k€177k=
Tax-exempt reserves132€44k€44k=
Distributable reserves133€134k€134k=
Profit (loss) carried forward14€4.11M€4.19M▲
Amounts payable17/49€4.67M€5.98M▲
Amounts payable after more than one year17€1.65M€2.99M▲
Financial debts170/4€1.65M€2.99M▲
Amounts payable within one year42/48€3.02M€2.99M▼
Current portion of amounts payable after more than one year42€95k€127k▲
Trade debts44€11k€22k▲
Suppliers440/4€11k€22k▲
Taxes, remuneration and social security45€148€2k▲
Taxes450/3€148€2k▲
Other amounts payable47/48€2.91M€2.84M▼
Accrued charges and deferred income492/3€8k€4k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€143k€326k▲
Other operating charges640/8€16k€31k▲
Gross operating margin9900€229k€346k▲
Operating profit (loss)9901€70k€-11k▼
Financial income75/76B€35k€152k▲
Recurring financial income75€35k€152k▲
Financial charges65/66B€67k€58k▼
Recurring financial charges65€67k€58k▼
Non-recurring financial charges66B€0-
Profit (loss) for the period before taxes9903€39k€83k▲
Income taxes67/77€8k€9k▲
Profit (loss) for the period9904€31k€74k▲
Profit (loss) for the period to be appropriated9905€31k€74k▲
Appropriation of the result
Profit (loss) to be appropriated9906€4.11M€4.19M▲
Profit (loss) brought forward from the previous period14P€4.08M€4.11M▲
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €156k | €189k | €119k | €143k | €326k | ▲ 129% |
| Other operating charges640/8 | - | €25k | €22k | €16k | €31k | ▲ 88.4% |
| Gross operating margin9900 | €162k | €190k | €204k | €229k | €346k | ▲ 50.8% |
| Operating profit (loss)9901 | €-18k | €-23k | €63k | €70k | €-11k | ▼ 116% |
| Financial income75/76B | - | €195k | €61k | €35k | €152k | ▲ 333% |
| Recurring financial income75 | €73k | €195k | €61k | €35k | €152k | ▲ 333% |
| Financial charges65/66B | - | €27k | €105k | €67k | €58k | ▼ 12.7% |
| Recurring financial charges65 | €27k | €27k | €99k | €67k | €58k | ▼ 12.7% |
| Non-recurring financial charges66B | - | - | €6k | €0 | - | - |
| Profit (loss) for the period before taxes9903 | €28k | €146k | €19k | €39k | €83k | ▲ 113% |
| Income taxes67/77 | €5k | €5k | €37k | €8k | €9k | ▲ 9.7% |
| Profit (loss) for the period9904 | €24k | €141k | €-18k | €31k | €74k | ▲ 141% |
| Profit (loss) for the period to be appropriated9905 | €24k | €141k | €-18k | €31k | €74k | ▲ 141% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6.30M | €8.87M | €8.53M | €9.39M | €10.77M | ▲ 14.8% |
| Fixed assets21/28 | €3.29M | €5.82M | €5.71M | €6.03M | €7.53M | ▲ 25.0% |
| Tangible fixed assets22/27 | €3.29M | €3.69M | €3.58M | €3.90M | €5.40M | ▲ 38.7% |
| Land and buildings22 | - | €3.50M | €3.41M | €3.75M | €5.27M | ▲ 40.4% |
| Plant, machinery and equipment23 | - | €151k | €134k | €118k | €99k | ▼ 16.0% |
| Furniture and vehicles24 | - | €38k | €32k | €25k | €33k | ▲ 32.2% |
| Financial fixed assets28 | - | €2.13M | €2.13M | €2.13M | €2.13M | = |
| Current assets29/58 | €3.01M | €3.05M | €2.82M | €3.36M | €3.24M | ▼ 3.6% |
| Amounts receivable within one year40/41 | €227k | €31k | €14k | €69k | €57k | ▼ 16.9% |
| Trade receivables40 | - | €27k | €14k | €63k | €30k | ▼ 53.0% |
| Other amounts receivable41 | - | €3k | - | €6k | €28k | ▲ 339% |
| Current investments50/53 | €2.32M | €1.99M | €2.38M | €3.19M | €3.08M | ▼ 3.4% |
| Cash at bank and in hand54/58 | €456k | €982k | €426k | €64k | €86k | ▲ 33.7% |
| Deferred charges and accrued income490/1 | - | €45k | €3k | €37k | €13k | ▼ 66.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6.30M | €8.87M | €8.53M | €9.39M | €10.77M | ▲ 14.8% |
| Equity10/15 | €4.56M | €4.70M | €4.69M | €4.72M | €4.79M | ▲ 1.6% |
| Contributions10/11 | - | €425k | €425k | €425k | €425k | = |
| Reserves13 | €177k | €177k | €177k | €177k | €177k | = |
| Tax-exempt reserves132 | - | €44k | €44k | €44k | €44k | = |
| Distributable reserves133 | - | €134k | €134k | €134k | €134k | = |
| Profit (loss) carried forward14 | €3.96M | €4.10M | €4.08M | €4.11M | €4.19M | ▲ 1.8% |
| Amounts payable17/49 | €1.74M | €4.16M | €3.84M | €4.67M | €5.98M | ▲ 28.1% |
| Amounts payable after more than one year17 | €1.43M | €3.25M | €3.16M | €1.65M | €2.99M | ▲ 81.5% |
| Financial debts170/4 | - | €3.25M | €3.16M | €1.65M | €2.99M | ▲ 81.5% |
| Amounts payable within one year42/48 | €304k | €897k | €681k | €3.02M | €2.99M | ▼ 0.9% |
| Current portion of amounts payable after more than one year42 | - | €89k | €92k | €95k | €127k | ▲ 33.8% |
| Trade debts44 | €60k | €36k | €8k | €11k | €22k | ▲ 102% |
| Suppliers440/4 | - | €36k | €8k | €11k | €22k | ▲ 102% |
| Advances received on contracts in progress46 | - | €64k | - | - | - | - |
| Taxes, remuneration and social security45 | - | €4k | €11k | €148 | €2k | ▲ 975% |
| Taxes450/3 | - | €4k | €11k | €148 | €2k | ▲ 975% |
| Other amounts payable47/48 | - | €705k | €571k | €2.91M | €2.84M | ▼ 2.5% |
| Accrued charges and deferred income492/3 | - | €20k | €3k | €8k | €4k | ▼ 44.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24k | €141k | €-18k | €31k | €74k | ▲ 141% |
| + Depreciation and write-downs630 | €156k | €189k | €119k | €143k | €326k | ▲ 129% |
| Operating cash flow (approximation) | €179k | €330k | €101k | €173k | €400k | ▲ 131% |
| Investment in fixed assets (approximation) | - | €-2.71M | €-6k | €-464k | €-1.83M | ▼ 295% |
| Change in cash | - | €526k | €-555k | €-362k | €22k | ▲ 106% |
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
03-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 3 days late
2025
27-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
30-06
Financial
Back to profitnet €31k
Net result €31k after one loss-making year.
07-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 7 days late
2023
30-06
Financial
Weakest financial yearnet €-18k
Net result drops to €-18k, the lowest in the series; recovery starts the following year.
19-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 19 days late
2022
30-06
Financial
Highest result since 2019net €141k ▲496%
Net result €141k, the highest in the series.
25-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
02-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 2 days late
2020
28-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
23-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Knokke-Heist · 1 establishment unit since 2009
Ground area
987 m²
Building footprint
292 m²
Volume, LiDAR
1,456 m³
Parcel 31039E0140/00N000, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Down To Earth
since 20092.176.465.808
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31039E0140/00N000 | Flanders | 987 m² | 1 · 292 m² | 7.5 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 432 EUR awarded · 432 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 432 EUR | 432 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
967600F3CXN1KNHCO450
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 11,609 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
Founded03-02-2009
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.