EN.CON
ActiveSummary
EN.CON has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€36,305) and a net result of €1,885. Equity is growing by ~13.5% per year across the filed fiscal years. Its solvency ranks better than 5% of 31896 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency0=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.06 against 0.1 in 2024; short-term debt: 582.1% and cash: 4.7% of total assets), and equity is negative.
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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 · 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
-487.5%
Return on assets
25.3%
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 31896 sector peers (2025).
NBB · sector comparisonPosition among 31896 sector peers
Solvency
better than 5%
← weakest
strongest →
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 · 10 filingsDeviation from the deadline
2025
on the day
2024
24 d early
2023
6 d early
2022
38 d early
2021
31 d late
2020
27 d late
2019
28 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 3 days after 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€36,305▲ 4.9%
2024 · -€38,190
Total assets
€7,448▼ 29.2%
2024 · €10,515
Net result
€1,885▼ 90.3%
2024 · €19,406
Working capital
-€40,813▲ 7.1%
2024 · -€43,915
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
Line20212022202320242025
Operating result€20,775▲ 28.0%€250▼ 98.8%-€1,614€19,871€2,388▼ 88.0%
Net result€20,116within the sector's middle half▲ 29.7%-€420below the sector's middle half-€2,052below the sector's middle half▼ 388%€19,406within the sector's middle half€1,885below the sector's middle half▼ 90.3%
Equity-€55,123below the sector's middle half▲ 26.7%-€55,543below the sector's middle half▼ 0.8%-€57,596below the sector's middle half▼ 3.7%-€38,190below the sector's middle half▲ 33.7%-€36,305below the sector's middle half▲ 4.9%
Total assets€22,531below the sector's middle half▲ 14.5%€16,029below the sector's middle half▼ 28.9%€14,974below the sector's middle half▼ 6.6%€10,515below the sector's middle half▼ 29.8%€7,448below the sector's middle half▼ 29.2%
Debt€77,653▼ 18.2%€71,572▼ 7.8%€72,570▲ 1.4%€48,705▼ 32.9%€43,753▼ 10.2%
Working capital-€63,796▲ 16.9%-€63,588▲ 0.3%-€64,685▼ 1.7%-€43,915▲ 32.1%-€40,813▲ 7.1%
Solvency-244.7%below the sector's middle half▲ 137.9pp-346.5%below the sector's middle half▼ 101.9pp-384.6%below the sector's middle half▼ 38.1pp-363.2%below the sector's middle half▲ 21.4pp-487.5%below the sector's middle half▼ 124.2pp
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 88% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7,448
Fixed assets
€4,907 ▼ 14.3%
Current assets
€2,541 ▼ 46.9%
Key figures and ratios
EBITDA
€3,206▼
2024 · €21,236
Cash flow
€2,703▼
2024 · €20,770
Current ratio
0.06▼
2024 · 0.10
Debt to equity
-1.21▲
2024 · -1.28
ROA
25.3%▼
2024 · 184.6%
Interest coverage
11.28▼
2024 · 83.36
Debt ≤ 1 year
€43,354▼
2024 · €48,705
Income taxes
€226▲
2024 · €217
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,799 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 91% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.5%
went bankrupt
5.3%
stopped otherwise
91%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 3,799 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,884 | €1,384 | €1,516 | €1,364 | €818 | ▼ 40.0% |
| Other operating charges640/8 | €1,202 | €1,161 | €942 | €1,309 | €996 | ▼ 23.9% |
| Non-recurring operating charges66A | - | €5,335 | €0 | - | - | - |
| Gross operating margin9900 | €26,860 | €8,129 | €843 | €22,545 | €4,202 | ▼ 81.4% |
| Operating profit (loss)9901 | €20,775 | €250 | -€1,614 | €19,871 | €2,388 | ▼ 88.0% |
| Financial income75/76B | €0 | €0 | €0 | €6 | €7 | ▲ 22.9% |
| Recurring financial income75 | €0 | €0 | €0 | €6 | €7 | ▲ 22.9% |
| Financial charges65/66B | €479 | €482 | €234 | €255 | €284 | ▲ 11.5% |
| Recurring financial charges65 | €479 | €482 | €234 | €255 | €284 | ▲ 11.5% |
| Profit (loss) for the period before taxes9903 | €20,297 | -€232 | -€1,848 | €19,623 | €2,111 | ▼ 89.2% |
| Income taxes67/77 | €180 | €188 | €205 | €217 | €226 | ▲ 4.4% |
| Profit (loss) for the period9904 | €20,116 | -€420 | -€2,052 | €19,406 | €1,885 | ▼ 90.3% |
| Profit (loss) for the period to be appropriated9905 | €20,116 | -€420 | -€2,052 | €19,406 | €1,885 | ▼ 90.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €22,531 | €16,029 | €14,974 | €10,515 | €7,448 | ▼ 29.2% |
| Fixed assets21/28 | €8,673 | €8,045 | €7,089 | €5,725 | €4,907 | ▼ 14.3% |
| Intangible fixed assets21 | €6,665 | €6,743 | €6,494 | €5,675 | €4,857 | ▼ 14.4% |
| Tangible fixed assets22/27 | €1,959 | €1,252 | €546 | €0 | €0 | ▼ 100% |
| Furniture and vehicles24 | €1,959 | €1,252 | €546 | €0 | €0 | ▼ 100% |
| Leasing and similar rights25 | €0 | - | - | - | - | - |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €13,857 | €7,984 | €7,885 | €4,790 | €2,541 | ▼ 46.9% |
| Amounts receivable within one year40/41 | €13,478 | €6,011 | €6,775 | €3,940 | €2,035 | ▼ 48.3% |
| Trade receivables40 | €4,748 | €1,210 | €4,376 | €3,378 | €2,035 | ▼ 39.7% |
| Other amounts receivable41 | €8,729 | €4,801 | €2,399 | €563 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €91 | €1,783 | €968 | €288 | €350 | ▲ 21.6% |
| Deferred charges and accrued income490/1 | €289 | €190 | €142 | €561 | €156 | ▼ 72.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €22,531 | €16,029 | €14,974 | €10,515 | €7,448 | ▼ 29.2% |
| Equity10/15 | -€55,123 | -€55,543 | -€57,596 | -€38,190 | -€36,305 | ▲ 4.9% |
| Contributions10/11 | €6,700 | €6,700 | €6,700 | €6,700 | €6,700 | = |
| Reserves13 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Non-distributable reserves130/1 | €2,000 | €2,000 | €0 | - | - | - |
| Reserves not available under the articles1311 | €2,000 | €2,000 | €0 | - | - | - |
| Distributable reserves133 | - | - | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | -€63,823 | -€64,243 | -€66,296 | -€46,890 | -€45,005 | ▲ 4.0% |
| Amounts payable17/49 | €77,653 | €71,572 | €72,570 | €48,705 | €43,753 | ▼ 10.2% |
| Amounts payable after more than one year17 | €0 | - | - | - | - | - |
| Financial debts170/4 | €0 | - | - | - | - | - |
| Amounts payable within one year42/48 | €77,653 | €71,572 | €72,570 | €48,705 | €43,354 | ▼ 11.0% |
| Current portion of amounts payable after more than one year42 | €3,562 | €0 | - | - | - | - |
| Trade debts44 | €3,386 | €641 | €2,389 | €1,274 | €322 | ▼ 74.7% |
| Suppliers440/4 | €3,386 | €641 | €2,389 | €1,274 | €322 | ▼ 74.7% |
| Advances received on contracts in progress46 | €1,210 | €0 | - | - | - | - |
| Taxes, remuneration and social security45 | €180 | €368 | €205 | €215 | €552 | ▲ 156% |
| Taxes450/3 | €180 | €368 | €205 | €215 | €552 | ▲ 156% |
| Other amounts payable47/48 | €69,315 | €70,563 | €69,976 | €47,215 | €42,480 | ▼ 10.0% |
| Accrued charges and deferred income492/3 | - | - | - | - | €400 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,116 | -€420 | -€2,052 | €19,406 | €1,885 | ▼ 90.3% |
| + Depreciation and write-downs630 | €4,884 | €1,384 | €1,516 | €1,364 | €818 | ▼ 40.0% |
| Operating cash flow (approximation) | €25,000 | €963 | -€537 | €20,770 | €2,703 | ▼ 87.0% |
| Investment in fixed assets (approximation) | - | -€755 | -€560 | €0 | €0 | - |
| Change in cash | - | €1,693 | -€816 | -€680 | €62 | ▲ 109% |
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
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €19,406
Net result €19,406 after 2 loss-making years.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Highest result since 2018net €20,116 ▲29.7%
Operating result €20,775, net result €20,116, both a record.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-12
Financial
Back to profitnet €15,506
Net result €15,506 after 2 loss-making years.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
31-12
Financial
Weakest financial yearnet -€7,448
Net result drops to -€7,448, the lowest in the series; recovery starts the following year.
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
18-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
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, Gent · 1 establishment unit since 2002
Ground area
584 m²
Building footprint
168 m²
Parcel 44062B0305/00C000, Flanders. Linked by address, not a title deed.
1 establishment unit
David Tenierslaan 7, 9051 Gent
since 20022.095.931.062
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44062B0305/00C000 | Flanders | 584 m² | 1 · 168 m² | - |
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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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 82,642 companies in sector 70200 we hold annual accounts for 52,589. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded23-04-2002
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0477376491
Also
9925:BE0477376491
Registered
03-02-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.