Experts & Co
InactiveInactive since 04-07-2026; last annual accounts for fiscal year 2025.
Overview
What they do
Certified accountants and tax accountants
NACE 69201Legal and accounting activities NACE 69202
How big
€382,521total assets 2025
- Equity
- -€177,583
- Profit
- €87
Financially healthy?
Inactive: no score
Who decides
- Parent
- BELFISC · 100%
Accounts 1 d early2 of 5 deeds read
Signals- Weak solvency vs sectorLatest accounts filed on timeShow the evidence
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 1011 sector peers (2025).
NBB · sector comparisonPosition among 1011 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
1 d early
2023
16 d early
2022
1 d early
2021
47 d early
2020
2 d early
2019
10 d early
← 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 11 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 (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 30 January (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close01-10-2026 today31-01-2027 deadline
- Restructuring · End & cessationIncorporation · Director in office…
- RestructuringMerger
- Annual accounts filedfiscal year 2025 · full…
Financials
Fiscal year 2025Total assets €382,521Profit €87Solvency -46.4%Liquidity 0.76
Total assets
€382,521▼ 46.9%
2019 - 2025
Net result
€87
2019 - 2025
Equity
-€177,583=
2019 - 2025
Solvency
-46.4%▼ 21.7pp
2019 - 2025
Financials · fiscal year 2025, full schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€0.06m▼ 1,283%-€0.03m▲ 57.1%-€0.06m▼ 141%-€0.1m▼ 116%-€0.01m▲ 89.7%
Net result-€0.06mbelow the sector's middle half▼ 1,263%€0.001mbelow the sector's middle half-€0.03mbelow the sector's middle half-€0.1mbelow the sector's middle half▼ 199%€87below the sector's middle half
Equity-€0.04mbelow the sector's middle half-€0.04mbelow the sector's middle half▲ 2.2%-€0.08mbelow the sector's middle half▼ 79.3%-€0.2mbelow the sector's middle half▼ 132%-€0.2mbelow the sector's middle half=
Total assets€1.5mwithin the sector's middle half▲ 2,965%€1.2mwithin the sector's middle half▼ 17.2%€0.9mwithin the sector's middle half▼ 27.4%€0.7mwithin the sector's middle half▼ 20.6%€0.4mbelow the sector's middle half▼ 46.9%
Debt€1.6m▲ 4,577%€1.3m▼ 16.8%€1.0m▼ 23.9%€0.9m▼ 8.7%€0.6m▼ 37.6%
Working capital€0.04mwithin the sector's middle half▼ 24.3%€0.05mwithin the sector's middle half▲ 34.7%-€0.3mbelow the sector's middle half-€0.6mbelow the sector's middle half▼ 101%-€0.07mbelow the sector's middle half▲ 86.9%
Solvency-2.9%below the sector's middle half▼ 35.5pp-3.4%below the sector's middle half▼ 0.5pp-8.4%below the sector's middle half▼ 5.0pp-24.7%below the sector's middle half▼ 16.3pp-46.4%below the sector's middle half▼ 21.7pp
Current ratio1.31within the sector's middle half1.34within the sector's middle half▲ 0.030.36below the sector's middle half▼ 0.980.32below the sector's middle half▼ 0.030.76below the sector's middle half▲ 0.43
Return on assets (ROA)-4.0%below the sector's middle half▲ 4.9pp0.1%below the sector's middle half▲ 4.0pp-3.7%below the sector's middle half▼ 3.8pp-14.1%below the sector's middle half▼ 10.3pp0.0%below the sector's middle half▲ 14.1pp
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €13,739 in 2025 against €133,779 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €382,521
Fixed assets
€151,233 ▼ 66.5%
Current assets
€231,288 ▼ 13.9%
Equity and liabilities
Equity-€177,583
Debt€560,103
Equity is negative: debt (€560,103) exceeds the balance-sheet total (€382,521).
Key figures and ratios
Key figures and ratios
EBITDA
€286,261▲
2024 · €166,221
Cash flow
€300,087▲
2024 · €198,762
Interest coverage
681.56▲
2024 · 341.60
Debt ≤ 1 year
€305,753▼
2024 · €835,582
Debt > 1 year
€69,350▲
2024 · €61,952
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €148,767 | €300,000 | €300,000 | €300,000 | €300,000 | = |
| Other operating charges640/8 | - | - | €695 | €3,724 | €968 | ▼ 74.0% |
| Gross operating margin9900 | €89,180 | €274,258 | €238,738 | €169,945 | €287,228 | ▲ 69.0% |
| Operating profit (loss)9901 | -€59,934 | -€25,742 | -€61,957 | -€133,779 | -€13,739 | ▲ 89.7% |
| Financial income75/76B | - | €27,058 | €28,590 | €33,027 | €14,247 | ▼ 56.9% |
| Recurring financial income75 | €563 | €27,058 | €28,590 | €33,027 | €14,247 | ▼ 56.9% |
| Financial charges65/66B | - | €360 | €447 | €487 | €420 | ▼ 13.7% |
| Recurring financial charges65 | €242 | €360 | €447 | €487 | €420 | ▼ 13.7% |
| Profit (loss) for the period before taxes9903 | -€59,613 | €956 | -€33,814 | -€101,238 | €87 | ▲ 100% |
| Profit (loss) for the period9904 | -€59,613 | €956 | -€33,814 | -€101,238 | €87 | ▲ 100% |
| Profit (loss) for the period to be appropriated9905 | -€59,613 | €956 | -€33,814 | -€101,238 | €87 | ▲ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.5m | €1.2m | €0.9m | €0.7m | €0.4m | ▼ 46.9% |
| Fixed assets21/28 | €1.4m | €1.1m | €0.8m | €0.5m | €0.2m | ▼ 66.5% |
| Intangible fixed assets21 | €1.4m | €1.1m | €0.8m | €0.5m | €0.2m | ▼ 66.5% |
| Current assets29/58 | €0.2m | €0.2m | €0.2m | €0.3m | €0.2m | ▼ 13.9% |
| Amounts receivable within one year40/41 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 46.4% |
| Trade receivables40 | - | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 46.4% |
| Other amounts receivable41 | - | €0.005m | - | - | - | - |
| Cash at bank and in hand54/58 | €0.005m | €0.04m | €361 | €0.1m | €0.003m | ▼ 97.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.5m | €1.2m | €0.9m | €0.7m | €0.4m | ▼ 46.9% |
| Equity10/15 | -€0.04m | -€0.04m | -€0.08m | -€0.2m | -€0.2m | = |
| Contributions10/11 | - | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Outside capital11 | - | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Share premium1100/10 | - | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.02m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Non-distributable reserves130/1 | - | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Reserves not available under the articles1311 | - | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Profit (loss) carried forward14 | -€0.06m | -€0.06m | -€0.1m | -€0.2m | -€0.2m | = |
| Amounts payable17/49 | €1.6m | €1.3m | €1.0m | €0.9m | €0.6m | ▼ 37.6% |
| Amounts payable after more than one year17 | €1.4m | €1.1m | €0.5m | €0.06m | €0.07m | ▲ 11.9% |
| Other amounts payable178/9 | - | €1.1m | €0.5m | €0.06m | €0.07m | ▲ 11.9% |
| Amounts payable within one year42/48 | €0.1m | €0.1m | €0.4m | €0.8m | €0.3m | ▼ 63.4% |
| Trade debts44 | €0.1m | €0.1m | €0.4m | €0.8m | €0.3m | ▼ 62.8% |
| Suppliers440/4 | - | €0.1m | €0.4m | €0.8m | €0.3m | ▼ 62.8% |
| Taxes, remuneration and social security45 | - | €0.01m | €0.003m | €0.02m | €0.02m | ▲ 1.3% |
| Taxes450/3 | - | €0.01m | €0.003m | €0.02m | €0.02m | ▲ 1.3% |
| Other amounts payable47/48 | - | - | €0.04m | €0.05m | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €0.2m | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€59,613 | €956 | -€33,814 | -€101,238 | €87 | ▲ 100% |
| + Depreciation and write-downs630 | €148,767 | €300,000 | €300,000 | €300,000 | €300,000 | = |
| Operating cash flow (approximation) | €89,154 | €300,956 | €266,186 | €198,762 | €300,087 | ▲ 51.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €33,623 | -€38,295 | €112,101 | -€109,788 | ▼ 198% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector and region
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BE 0437.799.996
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BBS CONSULT
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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 12,173 companies in this sector we hold annual accounts for 7,643. See the whole sector
Board & ownership
Parent BELFISC · 100%1 merger or contribution
Directors
Directors
No directors read yet: 2 of 5 Gazette acts processed. See the function holders in the CBE →
Structure & network
Owners and holdings
1 ownerChain of control
- BELFISC
- Experts & Co
Highest known parent: BELFISC. The sources do not say who stands above it.
Owners 1
- BELFISCparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No directors read yet: 2 of 5 Gazette acts processed.
Acquisitions and mergers
1 transactionMerger with:BELFISC
Capital and shareholders
Shareholders according to the acts
Stated in the act
act of 13-07-2026 ↗
- BELFISC (BE 0880.353.687) all shares
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Capital over the years
- 13-07-2026 Capital stated in the act · 100 shares
Timeline
16 eventsLatest 13-07-2026Next filing 31-01-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-07
State Gazette act
Restructuring · End & cessationIncorporation · Director in office · Shareholding13 facts ▸
State Gazette act
Restructuring · End & cessation
Incorporation · Director in office · Shareholding13 facts ▸
- General meeting, 29-06-2026
- Incorporation, 02-10-2009
- Director in office, MICHEL David (sole director)
- Shareholding, 100, 100
- Merger, article 12:50 du Code des Sociétés et des associations, 17-11-2025
- Other statement, 06-02-2026
- Other statement, information des actionnaires et dépôt sur le bureau, un mois au moins avant l'assemblée générale
- Capital
- Other statement, absence d'émission d'obligations convertibles, de droits de souscription ou de certificats
- Accounting effect, 01-04-2026
- Other statement, absence d'attribution d'actions, article 12:57 du Code des sociétés et des associations
- Power of attorney, MICHEL David
- +1 further facts in this act
16-02
State Gazette act
RestructuringMerger2 facts ▸
State Gazette act
Restructuring
Merger2 facts ▸
- General meeting, 17-11-2025
- Merger, silencieuse
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-06
Financial
Back to profitnet €87
Net result €87 after 2 loss-making years.
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-06
Financial
Weakest financial yearnet -€101,238
Net result drops to -€101,238, the lowest in the series.
15-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-06
Financial
Back to profitnet €956
Net result €956 after 2 loss-making years.
2021
15-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-06
Financial
Liquidity quadruplescurrent ratio 262.54
Current ratio from 58.98 to 262.54.
Show earlier events
21-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
21-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
24-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
25-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
2 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 2 have been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Company details
Private limited company · founded 06-10-2009Year ends 30-06Peppol reachable
Register details
Identification
Legal formPrivate limited company
Founded06-10-2009
Fiscal year end30-06
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0819295553
Also
9925:BE0819295553
Registered
13-10-2025
The company is no longer active; its Peppol card can remain until its access point withdraws it.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Tournai
Ground area
615 m²
Building footprint
118 m²
Volume, LiDAR
1,235 m³
Parcel 57021A0153/00B000, Wallonia · tallest building 12.9 m, ±4 floors. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57021A0153/00B000 | Wallonia | 614 m² | 1 · 118 m² | 12.8 m · 4 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.
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date How is the Certified accountants and tax accountants sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.