EXPERT-CONSULT
ActiveSummary
EXPERT-CONSULT has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €107,255 and a net result of €10,931. Equity is growing by ~20.3% per year across the filed fiscal years. Its solvency ranks better than 69% of 11547 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▲+3
Solvency90▼-10
Growth52=
Track record94
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 3.6 against 10.48 in 2024; short-term debt: 20.9% and cash: 67.7% of total assets), and 35.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more 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
64.9%
Return on assets
6.6%
Age of the figures
9 mo
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 23-02-2026, 158 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
158 d early
2024
139 d early
2023
125 d early
2022
67 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 122 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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. Usually files around 22 March (3 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€107,255▲ 11.3%
2024 · €96,324
Total assets
€165,235▲ 56.1%
2024 · €105,867
Net result
€10,931▲ 134%
2024 · €4,662
Working capital
€89,924▼ 0.6%
2024 · €90,475
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
Line2022202320242025
Operating result€33,673-€92,924▲ 176%€8,510▼ 90.8%€15,946▲ 87.4%
Net result€22,320within the sector's middle half-€66,342above the sector's middle half▲ 197%€4,662within the sector's middle half▼ 93.0%€10,931within the sector's middle half▲ 134%
Equity€25,320within the sector's middle half-€91,662within the sector's middle half▲ 262%€96,324within the sector's middle half▲ 5.1%€107,255within the sector's middle half▲ 11.3%
Total assets€51,225below the sector's middle half-€119,709within the sector's middle half▲ 134%€105,867within the sector's middle half▼ 11.6%€165,235within the sector's middle half▲ 56.1%
Debt€25,905-€28,047▲ 8.3%€9,543▼ 66.0%€57,980▲ 508%
Working capital€17,503within the sector's middle half-€81,445within the sector's middle half▲ 365%€90,475within the sector's middle half▲ 11.1%€89,924within the sector's middle half▼ 0.6%
Solvency49.4%within the sector's middle half-76.6%above the sector's middle half▲ 27.1pp91.0%above the sector's middle half▲ 14.4pp64.9%within the sector's middle half▼ 26.1pp
Current ratio1.87within the sector's middle half-3.90above the sector's middle half▲ 2.0310.48above the sector's middle half▲ 6.583.60within the sector's middle half▼ 6.88
Return on assets (ROA)43.6%above the sector's middle half-55.4%above the sector's middle half▲ 11.8pp4.4%within the sector's middle half▼ 51.0pp6.6%within the sector's middle half▲ 2.2pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, 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 recovers in 2025; 2025 is 87% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €165,235
Fixed assets
€40,719 ▲ 596%
Current assets
€124,516 ▲ 24.5%
Equity and liabilities €165,235
Equity
€107,255 ▲ 11.3%
Debt
€57,980 ▲ 508%
Debt's share of the balance-sheet total rises from 9.0% to 35.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€17,833▲
2024 · €15,287
Cash flow
€12,817▲
2024 · €11,439
Debt to equity
0.54▲
2024 · 0.10
ROE
10.2%▲
2024 · 4.8%
Interest coverage
107.82▲
2024 · 82.16
Debt ≤ 1 year
€34,592▲
2024 · €9,543
Debt > 1 year
€23,385
Income taxes
€4,850▲
2024 · €3,500
Staff costs
€17,259
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 1.3% 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 497,340 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% | 1.8% |
| 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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €4,132 | - |
| Remuneration, social security and pensions62 | - | - | - | €17,259 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,305 | €7,685 | €6,777 | €1,887 | ▼ 72.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €3,193 | - |
| Other operating charges640/8 | €1,913 | €754 | €1,521 | €1,301 | ▼ 14.5% |
| Gross operating margin9900 | €45,890 | €101,364 | €16,808 | €39,586 | ▲ 136% |
| Operating profit (loss)9901 | €33,673 | €92,924 | €8,510 | €15,946 | ▲ 87.4% |
| Financial income75/76B | €1 | €185 | €13 | €0 | ▼ 99.7% |
| Recurring financial income75 | €1 | €185 | €13 | €0 | ▼ 99.7% |
| Financial charges65/66B | €868 | €400 | €361 | €165 | ▼ 54.2% |
| Recurring financial charges65 | €868 | €400 | €186 | €165 | ▼ 11.1% |
| Non-recurring financial charges66B | - | - | €175 | - | - |
| Profit (loss) for the period before taxes9903 | €32,806 | €92,709 | €8,162 | €15,781 | ▲ 93.3% |
| Income taxes67/77 | €10,486 | €26,366 | €3,500 | €4,850 | ▲ 38.6% |
| Profit (loss) for the period9904 | €22,320 | €66,342 | €4,662 | €10,931 | ▲ 134% |
| Profit (loss) for the period to be appropriated9905 | €22,320 | €66,342 | €4,662 | €10,931 | ▲ 134% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €51,225 | €119,709 | €105,867 | €165,235 | ▲ 56.1% |
| Fixed assets21/28 | €13,627 | €10,218 | €5,849 | €40,719 | ▲ 596% |
| Tangible fixed assets22/27 | €13,572 | €10,163 | €5,794 | €40,664 | ▲ 602% |
| Furniture and vehicles24 | €13,572 | €5,927 | €1,986 | €37,284 | ▲ 1,778% |
| Other tangible fixed assets26 | - | €4,236 | €3,808 | €3,380 | ▼ 11.2% |
| Financial fixed assets28 | €55 | €55 | €55 | €55 | = |
| Current assets29/58 | €37,598 | €109,491 | €100,019 | €124,516 | ▲ 24.5% |
| Amounts receivable within one year40/41 | €3,754 | €16,449 | €2,453 | €10,173 | ▲ 315% |
| Trade receivables40 | €2,101 | €9,405 | €2,014 | €7,714 | ▲ 283% |
| Other amounts receivable41 | €1,653 | €7,044 | €439 | €2,459 | ▲ 460% |
| Cash at bank and in hand54/58 | €33,030 | €92,436 | €97,068 | €111,931 | ▲ 15.3% |
| Deferred charges and accrued income490/1 | €814 | €607 | €497 | €2,411 | ▲ 385% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €51,225 | €119,709 | €105,867 | €165,235 | ▲ 56.1% |
| Equity10/15 | €25,320 | €91,662 | €96,324 | €107,255 | ▲ 11.3% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €22,320 | €88,662 | €93,324 | €104,255 | ▲ 11.7% |
| Distributable reserves133 | €22,320 | €88,662 | €93,324 | €104,255 | ▲ 11.7% |
| Amounts payable17/49 | €25,905 | €28,047 | €9,543 | €57,980 | ▲ 508% |
| Amounts payable after more than one year17 | €5,810 | - | - | €23,385 | - |
| Financial debts170/4 | €5,810 | - | - | €23,385 | - |
| Amounts payable within one year42/48 | €20,095 | €28,047 | €9,543 | €34,592 | ▲ 262% |
| Current portion of amounts payable after more than one year42 | €6,972 | €5,810 | - | €7,795 | - |
| Trade debts44 | €727 | €7,204 | €1,857 | €2,983 | ▲ 60.6% |
| Suppliers440/4 | €727 | €7,204 | €1,857 | €2,983 | ▲ 60.6% |
| Taxes, remuneration and social security45 | €12,397 | €15,033 | €7,686 | €23,814 | ▲ 210% |
| Taxes450/3 | €10,642 | €13,247 | €5,927 | €4,801 | ▼ 19.0% |
| Remuneration and social security454/9 | €1,754 | €1,787 | €1,760 | €19,013 | ▲ 981% |
| Accrued charges and deferred income492/3 | - | - | - | €3 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,320 | €66,342 | €4,662 | €10,931 | ▲ 134% |
| + Depreciation and write-downs630 | €10,305 | €7,685 | €6,777 | €1,887 | ▼ 72.2% |
| Operating cash flow (approximation) | €32,625 | €74,028 | €11,439 | €12,817 | ▲ 12.1% |
| Investment in fixed assets (approximation) | - | -€4,277 | -€2,408 | -€36,757 | ▼ 1,427% |
| Change in cash | - | €59,405 | €4,633 | €14,863 | ▲ 221% |
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
23-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €100,000Eq €107,255 ▲11.3%
4 profitable years in a row build equity to €107,255.
14-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €4,662 ▼93%
Net result drops to €4,662, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 10.48
Current ratio from 3.90 to 10.48; short-term debt falls from €28,047 to €9,543.
28-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2022net €66,342 ▲197%
Operating result €92,924, net result €66,342, both a record.
31-12
Financial
Liquidity doublescurrent ratio 3.90
Current ratio from 1.87 to 3.90.
25-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Lokeren · 1 establishment unit since 2021
Ground area
326 m²
Building footprint
83 m²
Parcel 46383D3282/00A000, Flanders. Linked by address, not a title deed.
1 establishment unit
EXPERT-CONSULT
since 20212.321.179.217
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46383D3282/00A000 | Flanders | 326 m² | 1 · 83 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.
Similar companies · same sector, comparable size
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MARKIMA
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AFL Belgium
BE 0682.927.015
Antwerpen · Eq €108,150
P & SI
BE 0450.623.594
Awans · Eq €108,725
Of 2,501 companies in sector 46649 we hold annual accounts for 1,762. 1,094 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
Founded01-09-2021
Fiscal year end31-12
Activities, NACEBEL 2025
46649Wholesale of other machinery and equipment
35110Production of electricity from non-renewable sources
35150Electricity, gas, steam and air conditioning supply
35230Electricity, gas, steam and air conditioning supply
71121Engineering and related technical consultancy, excluding land surveyors
82300Organisation of conventions and trade shows
Contact
E-mail
maximemelon211@hotmail.com
Phone
0476383327
E-invoicing
Reachable via Peppol
Peppol ID
0208:0773391193
Also
9925:BE0773391193
Registered
05-01-2026
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.