F. CONSULTING
ActiveSummary
F. CONSULTING has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €478,689 and a net result of €52,231. Equity is growing by ~6.8% per year across the filed fiscal years. Its solvency ranks better than 91% of 15869 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability81▲+2
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 9.89 against 8.25 in 2023; short-term debt: 10.1% and cash: 5.5% of total assets), and 10.1% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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 2024Solvency, return and age of the figures
Solvency
89.9%
Return on assets
9.8%
Age of the figures
21 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 23-06-2026, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
38 d early
2024
34 d early
2023
13 d early
2022
13 d early
2021
17 d early
2020
37 d early
2019
4 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 22 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 14 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema
Equity
€478,689▲ 12.2%
2023 · €426,457
Total assets
€532,403▲ 9.7%
2023 · €485,110
Net result
€52,231▲ 36.6%
2023 · €38,235
Working capital
€477,555▲ 12.3%
2023 · €425,239
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
Line20202021202220232024
Operating result€19,339▼ 61.3%-€626€20,082€41,895▲ 109%€63,519▲ 51.6%
Net result€23,624within the sector's middle half▼ 29.2%€5,697within the sector's middle half▼ 75.9%€23,825within the sector's middle half▲ 318%€38,235above the sector's middle half▲ 60.5%€52,231above the sector's middle half▲ 36.6%
Equity€358,700above the sector's middle half▲ 7.1%€364,397above the sector's middle half▲ 1.6%€388,222above the sector's middle half▲ 6.5%€426,457above the sector's middle half▲ 9.8%€478,689above the sector's middle half▲ 12.2%
Total assets€399,226above the sector's middle half▲ 4.6%€376,459within the sector's middle half▼ 5.7%€417,857above the sector's middle half▲ 11.0%€485,110above the sector's middle half▲ 16.1%€532,403above the sector's middle half▲ 9.7%
Debt€40,525▼ 12.9%€12,062▼ 70.2%€29,635▲ 146%€58,653▲ 97.9%€53,714▼ 8.4%
Working capital€351,587above the sector's middle half▲ 5.2%€359,550above the sector's middle half▲ 2.3%€385,476above the sector's middle half▲ 7.2%€425,239above the sector's middle half▲ 10.3%€477,555above the sector's middle half▲ 12.3%
Solvency89.8%above the sector's middle half▲ 2.0pp96.8%above the sector's middle half▲ 6.9pp92.9%above the sector's middle half▼ 3.9pp87.9%above the sector's middle half▼ 5.0pp89.9%above the sector's middle half▲ 2.0pp
Current ratio9.68above the sector's middle half▲ 1.5030.81above the sector's middle half▲ 21.1314.01above the sector's middle half▼ 16.808.25above the sector's middle half▼ 5.769.89above the sector's middle half▲ 1.64
Return on assets (ROA)5.9%within the sector's middle half▼ 2.8pp1.5%within the sector's middle half▼ 4.4pp5.7%within the sector's middle half▲ 4.2pp7.9%within the sector's middle half▲ 2.2pp9.8%within the sector's middle half▲ 1.9pp
Staff (FTE)
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
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 52% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €532,403
Fixed assets
€1,134 ▼ 7.0%
Current assets
€531,269 ▲ 9.8%
Equity and liabilities €532,403
Equity
€478,689 ▲ 12.2%
Debt
€53,714 ▼ 8.4%
Debt's share of the balance-sheet total falls from 12.1% to 10.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€64,453▲
2023 · €43,422
Cash flow
€53,166▲
2023 · €39,763
Debt to equity
0.11▼
2023 · 0.14
ROE
10.9%▲
2023 · 9.0%
Interest coverage
37.42▲
2023 · 29.35
Debt ≤ 1 year
€53,714▼
2023 · €58,653
Income taxes
€28,192▲
2023 · €20,760
Staff costs
€236▼
2023 · €347
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,811 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.3%
went bankrupt
3.2%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,338 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% | 1.9% |
| 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 17,811 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €7,649 | - |
| Remuneration, social security and pensions62 | - | €719 | €313 | €347 | €236 | ▼ 31.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,787 | €2,329 | €2,101 | €1,528 | €935 | ▼ 38.8% |
| Other operating charges640/8 | - | €958 | €3,294 | €684 | €625 | ▼ 8.6% |
| Gross operating margin9900 | €28,189 | €3,380 | €25,791 | €44,453 | €65,315 | ▲ 46.9% |
| Operating profit (loss)9901 | €19,339 | -€626 | €20,082 | €41,895 | €63,519 | ▲ 51.6% |
| Financial income75/76B | - | €16,458 | €18,531 | €18,579 | €18,628 | ▲ 0.3% |
| Recurring financial income75 | €19,629 | €16,458 | €18,531 | €18,579 | €18,628 | ▲ 0.3% |
| Financial charges65/66B | - | €3,366 | €1,933 | €1,479 | €1,722 | ▲ 16.4% |
| Recurring financial charges65 | €3,722 | €3,366 | €1,933 | €1,479 | €1,722 | ▲ 16.4% |
| Profit (loss) for the period before taxes9903 | €35,246 | €12,466 | €36,680 | €58,994 | €80,424 | ▲ 36.3% |
| Income taxes67/77 | €11,622 | €6,769 | €12,855 | €20,760 | €28,192 | ▲ 35.8% |
| Profit (loss) for the period9904 | €23,624 | €5,697 | €23,825 | €38,235 | €52,231 | ▲ 36.6% |
| Profit (loss) for the period to be appropriated9905 | €23,624 | €5,697 | €23,825 | €38,235 | €52,231 | ▲ 36.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €399,226 | €376,459 | €417,857 | €485,110 | €532,403 | ▲ 9.7% |
| Fixed assets21/28 | €7,114 | €4,847 | €2,746 | €1,218 | €1,134 | ▼ 7.0% |
| Tangible fixed assets22/27 | €7,007 | €4,678 | €2,577 | €1,049 | €964 | ▼ 8.1% |
| Furniture and vehicles24 | - | €3,388 | €1,663 | €510 | €56 | ▼ 89.1% |
| Other tangible fixed assets26 | - | €1,290 | €914 | €539 | €909 | ▲ 68.6% |
| Financial fixed assets28 | €106 | €169 | €169 | €169 | €169 | = |
| Current assets29/58 | €392,112 | €371,612 | €415,111 | €483,892 | €531,269 | ▲ 9.8% |
| Amounts receivable after more than one year29 | - | €300,000 | €300,000 | €450,000 | €450,000 | = |
| Other amounts receivable291 | - | €300,000 | €300,000 | €450,000 | €450,000 | = |
| Amounts receivable within one year40/41 | €89,062 | €67,909 | €106,571 | €23,009 | €51,312 | ▲ 123% |
| Trade receivables40 | - | €26,168 | €23,970 | €23,009 | €19,647 | ▼ 14.6% |
| Other amounts receivable41 | - | €41,741 | €82,601 | - | €31,665 | - |
| Cash at bank and in hand54/58 | €2,322 | €2,780 | €8,000 | €10,226 | €29,173 | ▲ 185% |
| Deferred charges and accrued income490/1 | - | €923 | €540 | €657 | €784 | ▲ 19.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €399,226 | €376,459 | €417,857 | €485,110 | €532,403 | ▲ 9.7% |
| Equity10/15 | €358,700 | €364,397 | €388,222 | €426,457 | €478,689 | ▲ 12.2% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €153,918 | €159,418 | €182,918 | €220,918 | €272,918 | ▲ 23.5% |
| Non-distributable reserves130/1 | - | €3,918 | €3,918 | €3,918 | €3,918 | = |
| Reserves not available under the articles1311 | - | €3,918 | €3,918 | €3,918 | €3,918 | = |
| Distributable reserves133 | - | €155,500 | €179,000 | €217,000 | €269,000 | ▲ 24.0% |
| Profit (loss) carried forward14 | €186,182 | €186,379 | €186,705 | €186,939 | €187,171 | ▲ 0.1% |
| Amounts payable17/49 | €40,525 | €12,062 | €29,635 | €58,653 | €53,714 | ▼ 8.4% |
| Amounts payable within one year42/48 | €40,525 | €12,062 | €29,635 | €58,653 | €53,714 | ▼ 8.4% |
| Trade debts44 | €11,223 | €1,937 | €2,353 | €1,112 | €3,109 | ▲ 180% |
| Suppliers440/4 | - | €1,937 | €2,353 | €1,112 | €3,109 | ▲ 180% |
| Taxes, remuneration and social security45 | - | €10,126 | €27,282 | €35,419 | €50,606 | ▲ 42.9% |
| Taxes450/3 | - | €8,784 | €27,282 | €35,419 | €50,606 | ▲ 42.9% |
| Remuneration and social security454/9 | - | €1,341 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €22,122 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23,624 | €5,697 | €23,825 | €38,235 | €52,231 | ▲ 36.6% |
| + Depreciation and write-downs630 | €1,787 | €2,329 | €2,101 | €1,528 | €935 | ▼ 38.8% |
| Operating cash flow (approximation) | €25,411 | €8,026 | €25,926 | €39,763 | €53,166 | ▲ 33.7% |
| Investment in fixed assets (approximation) | - | -€63 | €0 | €0 | -€850 | - |
| Change in cash | - | €458 | €5,220 | €2,226 | €18,947 | ▲ 751% |
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
23-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €52,231 ▲36.6%
Operating result €63,519, net result €52,231, both a record.
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €5,697 ▼75.9%
Net result drops to €5,697, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 30.81
Current ratio from 9.68 to 30.81; short-term debt falls from €40,525 to €12,062.
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
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, Waterloo · 1 establishment unit since 2007
Ground area
1,992 m²
Parcel 25762G0500/00G000, Wallonia. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
F. CONSULTING
since 20072.162.688.739
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25762G0500/00G000 | Wallonia | 1,992 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.
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Of 840 companies in sector 46810 we hold annual accounts for 475. 368 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
Founded11-05-2007
Fiscal year end31-12
Activities, NACEBEL 2025
46810Wholesale of solid, liquid and gaseous fuels and related products
Contact
Phone
02/353.17.39Waterloo
E-invoicing
Reachable via Peppol
Peppol ID
0208:0889372610
Also
9925:BE0889372610
Registered
18-12-2025
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.