Executives' Global Network Belgium

Active

Private limited companyfounded 201510 yrs activeHerrmann-Debrouxlaan 40/42, 1160 Oudergem, BelgiumKBO/BCE: BE 0641.930.162

The computed 12-month bankruptcy probability of Executives' Global Network Belgium is 1.9% (moderate). The 2025 annual accounts show negative equity (€-2.17M) and a net result of €-419k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 711 sector peers (fiscal year 2025). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

7 / 100

Critical▼ -13 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability97▼-3

Solvency35▼-8

Growth32=

Stability100

Bankruptcy probability, 12 months

1.9% Moderate

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.57 against 0.95 in 2024), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

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 2025

Solvency, return and age of the figures

Solvency

-216%

Return on assets

-41.7%

Age of the figures

18 mo

Negative equity

Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).

NBB · annual accounts 2025

Equity per financial year

19202122232425

2019 to 2025 · latest year -€2.2M

Filed after the deadline

The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 02-12-2025, 32 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 filings

Deviation from the deadline

2025

32 d late

2024

74 d late

2023

45 d late

2022

133 d late

2021

82 d early

2020

23 d early

2019

119 d late

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.

Companies Code · seven months

Position in the running window

31-03-2026 close16-09-2026 today31-10-2026 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, full schema

Turnover

€537k

EBIT margin

15.2%

Net result

€-419k▼ 5.6%

2024 · €-397k

2019: €76k 2020: €-13k 2021: €154k 2022: €-113k 2023: €-1.33M 2024: €-397k

2019 → 2025

Working capital

€-748k▼ 176%

2024 · €-271k

2019: €-46k 2020: €-49k 2021: €146k 2022: €116k 2023: €-33k 2024: €-271k

2019 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€86k-€-27k€-1.35M▼ 4,891%€-1.75M▼ 29.3%€-2.17M▼ 23.9%

Operating result€198k-€-194k€-1.39M▼ 614%€-715k▲ 48.4%€-415k▲ 42.0%

Net result€154k-€-113k€-1.33M▼ 1,077%€-397k▲ 70.1%€-419k▼ 5.6%

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €415k in 2025 against €715k in 2024; the loss shrinks.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €1.00M

96.9%

Fixed assets €31k▲ 16.8%

Current assets €973k▼ 82.3%

Key figures and ratios

2025 value · change against 2024

EBITDA

€-412k▲

2024 · €-714k

Cash flow

€-416k▼

2024 · €-396k

Solvency

-216.0%▼

2024 · -31.6%

Current ratio

0.57▼

2024 · 0.95

Quick ratio

0.57▼

2024 · 0.95

Debt / equity

-1.46▲

2024 · -4.16

ROE

19.3%▼

2024 · 22.7%

ROA

-41.7%▼

2024 · -7.2%

Interest coverage

-102.40▲

2024 · -197.18

Debt

€3.17M▼

2024 · €7.28M

Debt ≤ 1 year

€1.72M▼

2024 · €5.78M

Income taxes

€0▼

2024 · €2k

Staff costs

€885k▼

2024 · €1.22M

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€5.53M€1.00M▼

Fixed assets21/28€26k€31k▲

Tangible fixed assets22/27€10k€31k▲

Furniture and vehicles24-€15k

Other tangible fixed assets26€10k€16k▲

Financial fixed assets28€17k€0▼

Current assets29/58€5.51M€973k▼

Amounts receivable within one year40/41€5.49M€574k▼

Trade receivables40€508k€574k▲

Other amounts receivable41€4.99M€0▼

Cash at bank and in hand54/58-€376k

Deferred charges and accrued income490/1€12k€23k▲

Equity and liabilities

Total equity and liabilities10/49€5.53M€1.00M▼

Equity10/15€-1.75M€-2.17M▼

Contributions10/11€19k€19k=

Profit (loss) carried forward14€-1.77M€-2.19M▼

Amounts payable17/49€7.28M€3.17M▼

Amounts payable within one year42/48€5.78M€1.72M▼

Financial debts43€5.33M€528k▼

Credit institutions430/8€5.33M€528k▼

Trade debts44€122k€759k▲

Suppliers440/4€122k€759k▲

Taxes, remuneration and social security45€323k€169k▼

Taxes450/3€117k€31k▼

Remuneration and social security454/9€206k€138k▼

Other amounts payable47/48-€265k

Accrued charges and deferred income492/3€1.50M€1.45M▼

Income statement Code20242025

Non-recurring operating income76A€354€0▼

Remuneration, social security and pensions62€1.22M€885k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€329€3k▲

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€62k€91k▲

Provisions for liabilities and charges: additions (uses and reversals)635/8-€29k

Other operating charges640/8€960€0▼

Non-recurring operating charges66A€6k€0▼

Gross operating margin9900€571k€593k▲

Operating profit (loss)9901€-715k€-415k▲

Financial income75/76B€324k€0▼

Recurring financial income75€324k€0▼

Financial charges65/66B€4k€4k▲

Recurring financial charges65€4k€4k▲

Profit (loss) for the period before taxes9903€-394k€-419k▼

Income taxes67/77€2k€0▼

Profit (loss) for the period9904€-397k€-419k▼

Profit (loss) for the period to be appropriated9905€-397k€-419k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-1.77M€-2.19M▼

Profit (loss) brought forward from the previous period14P€-1.37M€-1.77M▼

Social balance

Average headcount (FTE)908715.513.5▼

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 12Financial 2Filings 10

Next filing, fiscal year 2026, expected by 31-10-2026

2025

02-12

NBB filing Annual accounts filed

fiscal year 2025 · full schema · 32 days late

13-01

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 74 days late

2023

15-12

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 45 days late

11-12

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 133 days late

31-03

Financial Weakest financial yearnet €-1.33M

Net result drops to €-1.33M, the lowest in the series; recovery starts the following year.

2022

10-05

NBB filing Annual accounts filed

fiscal year 2021 · full schema

2021

31-12

Financial Back to profitnet €154k

Net result €154k after one loss-making year.

08-07

NBB filing Annual accounts filed

fiscal year 2020 · full schema

2020

27-11

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 119 days late

2019

19-12

NBB filing Annual accounts filed

fiscal year 2018 · full schema · 141 days late

2018

18-07

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2017

01-08

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 1 day late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2025

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

31-08-2025 Jonathan PERSSON: Resigned as Director

03-01-2023 HINZ Pia: Resigned as Director

15-12-2022 Jens Erik Karlskov Jensen: Resigned as Director

15-12-2022 Jorgen Galsgaard: Resigned as Director

Location & real-estate footprint

Registered office, Oudergem · 1 establishment unit since 2015

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Herrmann-Debrouxlaan 40/421160 Oudergem

Ground area

8,598 m²

Building footprint

5,772 m²

Volume, LiDAR

130,867 m³

2 parcels, Brussels · tallest building 35.3 m, ±9 floors. Linked by address, not a title deed.

1 establishment unit

Executives'Global Network Belgium

Activities of head offices; management consultancy activities

since 20152.247.298.572

2 parcels

Brussels 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21332B0424/00D008 ProtectedSite or landscapePark van BergojeSource ↗	Brussels	5,192 m²	1 · 2,419 m²	27.6 m · 7 fl.
21804D1424/00E002	Brussels	3,406 m²	1 · 3,354 m²	35.3 m · 9 fl.