F. CONCEPT
ActiveF. CONCEPT has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.52M and a net result of €-215k. Equity is growing by ~3.8% per year across the filed fiscal years. Its solvency ranks better than 30% of 31642 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability18▼-17
Solvency55▼-2
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €85k at 30 days acceptable
Liquidity short (current ratio 0.11 against 0.54 in 2024; short-term debt: 13.6% and cash: 1.5% of total assets), and 70.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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 · 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
29.8%
Return on assets
-4.2%
Age of the figures
18 mo
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 28-11-2025, 28 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 filingsDeviation from the deadline
2025
28 d late
2024
6 d early
2023
4 d early
2022
28 d late
2021
30 d late
2020
30 d late
2019
on the day
← before the deadline
after the deadline →
neutral · 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 monthsPosition in the running window
31-03-2026 close20-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-215k
2024 · €332k
2019: €27k
2020: €-6k
2021: €-220k
2022: €116k
2023: €52k
2024: €332k
2019 → 2025
Working capital
€-614k▼ 86.2%
2024 · €-330k
2019: €-622k
2020: €-649k
2021: €-954k
2022: €-128k
2023: €-127k
2024: €-330k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.23M-€1.35M▲ 9.4%€1.40M▲ 3.8%€1.73M▲ 23.7%€1.52M▼ 12.4%
Operating result€-9k-€41k€231k▲ 461%€73k▼ 68.6%€-36k
Net result€-220k-€116k€52k▼ 55.3%€332k▲ 540%€-215k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €36k after €73k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.09M
Fixed assets
€5.02M▼ 1.7%
Current assets
€77k▼ 80.5%
Equity and liabilities €5.09M
Equity
€1.52M▼ 12.4%
Provisions
€2.25M▼ 0.7%
Debt
€1.32M▼ 11.4%
The debt ratio falls from 27.2% to 26.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€102k▼
2024 · €210k
Cash flow
€-77k▼
2024 · €469k
Solvency
29.8%▼
2024 · 31.5%
Current ratio
0.11▼
2024 · 0.54
Quick ratio
0.11▼
2024 · 0.54
Debt / equity
0.87▲
2024 · 0.86
ROE
-14.2%▼
2024 · 19.2%
ROA
-4.2%▼
2024 · 6.0%
Interest coverage
0.56▼
2024 · 1.07
Debt
€1.32M▼
2024 · €1.50M
Debt ≤ 1 year
€690k▼
2024 · €723k
Debt > 1 year
€634k▼
2024 · €771k
Income taxes
€516▼
2024 · €1k
Staff costs
€1k
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€5.49M€5.09M▼
Fixed assets21/28€5.10M€5.02M▼
Tangible fixed assets22/27€2.83M€2.74M▼
Land and buildings22€2.76M€2.68M▼
Furniture and vehicles24€7k€5k▼
Other tangible fixed assets26€57k€57k=
Assets under construction and advance payments27-€4k
Financial fixed assets28€2.27M€2.27M=
Current assets29/58€393k€77k▼
Amounts receivable within one year40/41€6k-
Trade receivables40€6k-
Cash at bank and in hand54/58€379k€76k▼
Deferred charges and accrued income490/1€8k€636▼
Equity and liabilities
Total equity and liabilities10/49€5.49M€5.09M▼
Equity10/15€1.73M€1.52M▼
Contributions10/11€256k€256k=
Capital10€256k€256k=
Issued capital100€269k€269k=
Uncalled capital101€12k€12k=
Reserves13€928k€913k▼
Non-distributable reserves130/1€27k€27k=
Legal reserve130€27k€27k=
Tax-exempt reserves132€266k€251k▼
Distributable reserves133€635k€635k=
Profit (loss) carried forward14€549k€349k▼
Provisions and deferred taxes16€2.27M€2.25M▼
Provisions for liabilities and charges160/5€2.18M€2.17M▼
Environmental obligations163€2.18M€2.17M▼
Deferred taxes168€89k€84k▼
Amounts payable17/49€1.50M€1.32M▼
Amounts payable after more than one year17€771k€634k▼
Financial debts170/4€771k€634k▼
Amounts payable within one year42/48€723k€690k▼
Current portion of amounts payable after more than one year42€346k€343k▼
Trade debts44€25k€38k▲
Suppliers440/4€25k€38k▲
Taxes, remuneration and social security45€4k€3k▼
Taxes450/3€4k€3k▼
Other amounts payable47/48€347k€306k▼
Accrued charges and deferred income492/3€2k-
Income statement
Code20242025
Remuneration, social security and pensions62-€1k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€137k€138k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€-10k€-10k=
Other operating charges640/8€6k€45k▲
Gross operating margin9900€205k€138k▼
Operating profit (loss)9901€73k€-36k▼
Financial income75/76B€451k€2▼
Recurring financial income75€5k€2▼
Non-recurring financial income76B€446k-
Financial charges65/66B€196k€184k▼
Recurring financial charges65€196k€184k▼
Profit (loss) for the period before taxes9903€328k€-220k▼
Transfer from deferred taxes780€5k€5k=
Income taxes67/77€1k€516▼
Profit (loss) for the period9904€332k€-215k▼
Transfer from tax-exempt reserves789€15k€15k=
Profit (loss) for the period to be appropriated9905€347k€-200k▼
Appropriation of the result
Profit (loss) to be appropriated9906€549k€349k▼
Profit (loss) brought forward from the previous period14P€202k€549k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
28-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2024
25-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Highest result since 2019net €332k ▲540%
Net result €332k, the highest in the series.
2023
27-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2022
28-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 28 days late
31-03
Financial
Back to profitnet €116k
Net result €116k after 2 loss-making years.
2021
30-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 30 days late
31-03
Financial
Weakest financial yearnet €-220k
Net result drops to €-220k, the lowest in the series; recovery starts the following year.
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
17-11
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 17 days late
2016
02-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 32 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Sint-Pieters-Woluwe · 1 establishment unit since 2003
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.
Tervurenlaan 4021150 Sint-Pieters-WoluweGround area
1.2 ha
Building footprint
1,456 m²
Volume, LiDAR
14,897 m³
2 parcels, Brussels, Flanders · tallest building 18.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Waterloose Steenweg 198, 1640 Sint-Genesius-Rode
since 20032.123.431.453
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22552E0048/00Z025 | Flanders | 7,308 m² | 1 · 838 m² | 16.9 m · 4 fl. |
| 21682C0142/00A004 | Brussels | 4,483 m² | 1 · 617 m² | 18.7 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
LIVEC
BE 0438.671.315
Schilde · Eq €1.52M
MAPOB
BE 0544.958.272
Ukkel · Eq €1.52M
BUILDING FACTORY
BE 0873.468.073
Brugge · Eq €1.52M
Icarios
BE 0829.441.159
Pittem · Eq €1.52M
Truverke
BE 0819.604.468
Brugge · Eq €1.52M
Of 82,570 companies in sector 70200 we hold annual accounts for 52,573. 23,247 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded18-11-2002
Fiscal year end31-03
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.