Etc ... Consulting · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of Etc ... Consulting is 0.9% (low). The 2022 annual accounts show equity of €190k and a net result of €121k. Equity is shrinking by ~11.5% per year across the filed fiscal years. Its solvency ranks better than 87% of 1011 sector peers (fiscal year 2022). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 5 annual accounts.

Signals

Insufficient current data: the most recent filed accounts (financial year 2022) are too old to derive current signals.

Filing behaviour

From the deposit records, complete market-wide

Annual accounts not filed

The financial year that closed on 31-12-2023 was due at the National Bank by 31-07-2024. Nothing is on record today, 759 days later. 3 financial years are missing in total. Measured on financial year 2023: 41.75% of the companies that did not file are in an abnormal legal state today, against 1.66% of those that did.

Filed more than 90 days late

The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 20-03-2024, 233 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

How we compute the deadline

The year end is derived from 9 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2022, that is 31-07-2023.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	nothing on record	not filed	-
31-12-2023	31-07-2024	nothing on record	not filed	-
31-12-2022	31-07-2023	20-03-2024	233 d late	2024-00046244
31-12-2021	31-07-2022	20-03-2024	598 d late	2024-00046252
31-12-2020	31-07-2021	31-10-2021	92 d late	2021-76700541
31-12-2019	31-07-2020	31-10-2020	92 d late	2020-68500371
31-12-2018	31-07-2019	31-07-2019	on the day	2019-44000263
31-12-2017	31-07-2018	22-06-2018	39 d early	2018-21000248
31-12-2016	31-07-2017	28-07-2017	3 d early	2017-36700101
31-12-2015	31-07-2016	04-07-2016	27 d early	2016-26000044
31-12-2014	31-07-2015	03-07-2015	28 d early	2015-25700372

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Established

Founded in 2013, 13 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.9% Low

0%0,5%1,5%4%10%≥25%

Annual accounts: weaker financial profile +Long track record −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€121k

Working capital€190k+178.0%

CSV export

Annual accounts & ratios

Source: NBB · 2022

Annual accounts filed on 20-03-2024 with the NBB · fiscal year 2022 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining Equity: declining trend of ~11.5%/year over 5 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2022 · NACE 96, Personal services · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	68.2%	13.4%	better than 87% of 1011 sector peers
Net result	€121k	€327	better than 95% of 1009 sector peers
Equity	€190k	€4k	better than 95% of 1016 sector peers
Gross operating margin	€135k	€12k	better than 90% of 1007 sector peers
Total assets	€278k	€45k	better than 89% of 1012 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P87

Stable position over 2020-2022 · n=295-1011

Net result P95

Improving position over 2020-2022 · n=295-1009

Equity P95

Stable position over 2020-2022 · n=296-1016

Gross operating margin P90

Improving position over 2020-2022 · n=295-1007

Describes the position versus peers, not a forecast.

EBITDA

€-19k

- 18-22

Net profit

€121k

- 18-22

Cash flow

€121k

-17.4% 18-22

Total assets

€278k

+138.3% 18-22

Equity

€190k

+178.0% 18-22

Working capital

€190k

+178.0% 18-22

Income taxes

€12k

+6328.5% 18-22

Debt

€89k

+82.4% 18-22

Show 8 other metrics

Debt ≤ 1y

€89k

+82.4% 18-22

Debt > 1y

€5k

- 18-22

Current ratio

3.14

+30.6% 18-22

Quick ratio

3.14

+30.6% 18-22

Solvency

68.2%

+16.7% 18-22

Debt / equity

0.47

-34.4% 18-22

ROE

64.0%

- 18-22

ROA

43.6%

- 18-22

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2022
Deposit	micro
Revenue	-
EBITDA	-
Net profit	€121k
Cash flow	-
Staff costs	-
Income taxes	€12k
Dividends	-
Total assets	€278k
Equity	€190k
Debt	€89k
of which ≤ 1y	€89k
of which > 1y	-
Working capital	€190k
Employees (FTE)	-

Ratios (computed)

	2022
Current ratio	3.14
Quick ratio	3.14
Working capital ratio	68.2%
Solvency	68.2%
Debt / equity	0.47
Long-term debt ratio	-
Interest coverage	-
Gross margin	-
Net margin	-
ROA	43.6%
ROE	64.0%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2022

Equity & liabilities

Equity €190k · 68.2% Debt €89k · 31.8%

Full annual accounts (20 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2022
Balance sheet, Assets
TOTAL ASSETS	20/58	€278k
Current assets	29/58	€278k
Amounts receivable within one year	40/41	€189k
Cash & bank	54/58	€89k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€278k
Equity	10/15	€190k
Contributions / capital	10/11	€12k
Reserves	13	€2k
Accumulated profits (losses)	14	€175k
Amounts payable	17/49	€89k
Amounts payable within one year	42/48	€89k
Trade debts payable within one year	44	€87k
Income statement
Gross operating margin	9900	€135k
Operating result	9901	€134k
Financial income	75	€1k
Financial charges	65	€2k
Result before taxes	9903	€134k
Income taxes	67/77	€12k
Net result for the period	9904	€121k
Result to be appropriated	9905	€121k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2022 · computed

93 / 100 Excellent

050100

Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2022. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

Establishment units

1 location

ETC ... Consulting

Jos Ratinckxstraat 5-7, 2600 AntwerpenOverige activiteiten van gespecialiseerde designers

since 20132.222.799.738

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area2,246 m²

Buildings1

Building footprint1,172 m²

Volume (LiDAR)46,924 m³

Tallest building44.1 m · ±13 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11003A0345/00D000	Flanders	2,246 m²	1 · 1,172 m²	44.1 m · 13 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

0 of 4 acts read

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.