ECONITIC
ActiveSummary
ECONITIC has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €57,225 and a net result of €19,760. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 50% of 37965 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability94▲+5
Solvency84▼-16
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity ample (current ratio 1.76 against 6.77 in 2023; short-term debt: 25.6% and cash: 8.6% of total assets), and 41.4% of the assets are financed with debt.
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Signals
Five 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
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 2024Solvency, return and age of the figures
Solvency
58.6%
Return on assets
20.2%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
45 d early
2022
32 d early
2021
9 d early
2020
7 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 22 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 (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€57,225▼ 65.1%
2023 · €164,131
Total assets
€97,692▼ 53.7%
2023 · €211,073
Net result
€19,760▼ 41.3%
2023 · €33,683
Working capital
€19,027▼ 84.9%
2023 · €126,412
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€17,633-€39,944▲ 127%€106,684▲ 167%€43,794▼ 58.9%€28,112▼ 35.8%
Net result€13,119within the sector's middle half-€13,013within the sector's middle half▼ 0.8%€101,317above the sector's middle half▲ 679%€33,683within the sector's middle half▼ 66.8%€19,760within the sector's middle half▼ 41.3%
Equity€16,119below the sector's middle half-€29,132within the sector's middle half▲ 80.7%€130,448within the sector's middle half▲ 348%€164,131within the sector's middle half▲ 25.8%€57,225within the sector's middle half▼ 65.1%
Total assets€92,532within the sector's middle half-€79,716below the sector's middle half▼ 13.9%€163,882within the sector's middle half▲ 106%€211,073within the sector's middle half▲ 28.8%€97,692within the sector's middle half▼ 53.7%
Debt€76,414-€50,585▼ 33.8%€33,434▼ 33.9%€46,942▲ 40.4%€40,466▼ 13.8%
Working capital€21,712within the sector's middle half-€18,359within the sector's middle half▼ 15.4%€120,323within the sector's middle half▲ 555%€126,412within the sector's middle half▲ 5.1%€19,027within the sector's middle half▼ 84.9%
Solvency17.4%below the sector's middle half-36.5%within the sector's middle half▲ 19.1pp79.6%above the sector's middle half▲ 43.1pp77.8%within the sector's middle half▼ 1.8pp58.6%within the sector's middle half▼ 19.2pp
Current ratio1.33within the sector's middle half-1.36within the sector's middle half▲ 0.034.60above the sector's middle half▲ 3.246.77above the sector's middle half▲ 2.171.76within the sector's middle half▼ 5.01
Return on assets (ROA)14.2%within the sector's middle half-16.3%within the sector's middle half▲ 2.1pp61.8%above the sector's middle half▲ 45.5pp16.0%within the sector's middle half▼ 45.9pp20.2%within the sector's middle half▲ 4.3pp
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 has fallen two years in a row; 2024 is 36% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €97,692
Fixed assets
€53,616 ▼ 14.6%
Current assets
€44,076 ▼ 70.3%
Equity and liabilities €97,692
Equity
€57,225 ▼ 65.1%
Debt
€40,466 ▼ 13.8%
Debt's share of the balance-sheet total rises from 22.2% to 41.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€43,340▼
2023 · €54,990
Cash flow
€34,988▼
2023 · €44,879
Debt to equity
0.71▲
2023 · 0.29
ROE
34.5%▲
2023 · 20.5%
Interest coverage
23.46▼
2023 · 32.28
Debt ≤ 1 year
€25,048▲
2023 · €21,895
Debt > 1 year
€15,418▼
2023 · €25,047
Income taxes
€6,526▼
2023 · €10,461
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 0.4% 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 497,338 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 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €22,730 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,554 | €2,014 | €3,486 | €11,196 | €15,228 | ▲ 36.0% |
| Other operating charges640/8 | - | €11,577 | €16,241 | €40 | €68 | ▲ 69.1% |
| Gross operating margin9900 | €30,609 | €53,535 | €126,411 | €55,030 | €43,408 | ▼ 21.1% |
| Operating profit (loss)9901 | €17,633 | €39,944 | €106,684 | €43,794 | €28,112 | ▼ 35.8% |
| Financial income75/76B | - | €3 | €25 | €2,053 | €22 | ▼ 98.9% |
| Recurring financial income75 | €0 | €3 | €25 | €2,053 | €22 | ▼ 98.9% |
| Financial charges65/66B | - | €283 | €233 | €1,704 | €1,847 | ▲ 8.4% |
| Recurring financial charges65 | €242 | €283 | €233 | €1,704 | €1,847 | ▲ 8.4% |
| Profit (loss) for the period before taxes9903 | €17,391 | €39,664 | €106,476 | €44,144 | €26,286 | ▼ 40.5% |
| Income taxes67/77 | €4,272 | €26,652 | €5,159 | €10,461 | €6,526 | ▼ 37.6% |
| Profit (loss) for the period9904 | €13,119 | €13,013 | €101,317 | €33,683 | €19,760 | ▼ 41.3% |
| Profit (loss) for the period to be appropriated9905 | €13,119 | €13,013 | €101,317 | €33,683 | €19,760 | ▼ 41.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €92,532 | €79,716 | €163,882 | €211,073 | €97,692 | ▼ 53.7% |
| Fixed assets21/28 | €5,657 | €10,772 | €10,125 | €62,766 | €53,616 | ▼ 14.6% |
| Intangible fixed assets21 | €500 | €400 | €300 | €200 | €100 | ▼ 50.1% |
| Tangible fixed assets22/27 | €3,157 | €8,373 | €7,826 | €55,811 | €43,336 | ▼ 22.4% |
| Furniture and vehicles24 | - | €8,373 | €7,826 | €55,811 | €43,336 | ▼ 22.4% |
| Financial fixed assets28 | €2,000 | €2,000 | €2,000 | €6,755 | €10,180 | ▲ 50.7% |
| Current assets29/58 | €86,875 | €68,944 | €153,757 | €148,307 | €44,076 | ▼ 70.3% |
| Amounts receivable within one year40/41 | €71,018 | €59,561 | €57,762 | €116,279 | €35,649 | ▼ 69.3% |
| Trade receivables40 | - | €49,896 | €56,316 | €37,151 | €33,729 | ▼ 9.2% |
| Other amounts receivable41 | - | €9,664 | €1,446 | €79,128 | €1,920 | ▼ 97.6% |
| Cash at bank and in hand54/58 | €15,857 | €9,383 | €95,994 | €31,266 | €8,427 | ▼ 73.0% |
| Deferred charges and accrued income490/1 | - | - | - | €761 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €92,532 | €79,716 | €163,882 | €211,073 | €97,692 | ▼ 53.7% |
| Equity10/15 | €16,119 | €29,132 | €130,448 | €164,131 | €57,225 | ▼ 65.1% |
| Contributions10/11 | - | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | - | - | €127,000 | €161,000 | €53,334 | ▼ 66.9% |
| Distributable reserves133 | - | - | €127,000 | €161,000 | €53,334 | ▼ 66.9% |
| Profit (loss) carried forward14 | €13,119 | €26,132 | €448 | €131 | €891 | ▲ 580% |
| Amounts payable17/49 | €76,414 | €50,585 | €33,434 | €46,942 | €40,466 | ▼ 13.8% |
| Amounts payable after more than one year17 | - | - | - | €25,047 | €15,418 | ▼ 38.4% |
| Financial debts170/4 | - | - | - | €25,047 | €15,418 | ▼ 38.4% |
| Amounts payable within one year42/48 | €65,164 | €50,585 | €33,434 | €21,895 | €25,048 | ▲ 14.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €9,140 | €9,629 | ▲ 5.4% |
| Financial debts43 | - | - | - | €498 | - | - |
| Credit institutions430/8 | - | - | - | €498 | - | - |
| Trade debts44 | €53,892 | €22,804 | €9,372 | €1,150 | €1,174 | ▲ 2.1% |
| Suppliers440/4 | - | €22,804 | €147 | €1,150 | €1,174 | ▲ 2.1% |
| Bills of exchange payable441 | - | - | €9,225 | - | - | - |
| Taxes, remuneration and social security45 | - | €12,924 | €17,066 | €11,106 | €5,912 | ▼ 46.8% |
| Taxes450/3 | - | €12,924 | €17,066 | €11,106 | €5,912 | ▼ 46.8% |
| Other amounts payable47/48 | - | €14,857 | €6,996 | - | €8,333 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,119 | €13,013 | €101,317 | €33,683 | €19,760 | ▼ 41.3% |
| + Depreciation and write-downs630 | €1,554 | €2,014 | €3,486 | €11,196 | €15,228 | ▲ 36.0% |
| Operating cash flow (approximation) | €14,673 | €15,026 | €104,803 | €44,879 | €34,988 | ▼ 22.0% |
| Investment in fixed assets (approximation) | - | -€7,129 | -€2,839 | -€63,837 | -€6,078 | ▲ 90.5% |
| Change in cash | - | -€6,474 | €86,611 | -€64,728 | -€22,839 | ▲ 64.7% |
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
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
16-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €150,000Eq €164,131 ▲25.8%
4 profitable years in a row build equity to €164,131.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2020net €101,317 ▲679%
Operating result €106,684, net result €101,317, both a record.
31-12
Financial
Liquidity triplescurrent ratio 4.60
Current ratio from 1.36 to 4.60; short-term debt falls from €50,585 to €33,434.
31-12
Financial
Equity above €100,000Eq €130,448 ▲348%
3 profitable years in a row build equity to €130,448.
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €13,013 ▼0.8%
Net result drops to €13,013, the lowest in the series; recovery starts the following year.
07-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 7 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Charleroi · 1 establishment unit since 2019
Ground area
59 m²
Building footprint
36 m²
Volume, LiDAR
295 m³
Parcel 52342A0621/00C000, Wallonia · tallest building 9.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ECONITIC
since 20192.292.174.435
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52342A0621/00C000 | Wallonia | 59 m² | 1 · 36 m² | 9.1 m · 3 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 82,646 companies in sector 70200 we hold annual accounts for 52,627. 38,784 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
Founded13-08-2019
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
74999Other professional, scientific and technical activities
Contact
E-mail
econitic@consultant.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0732561618
Registered
11-01-2026
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.