FACILITY +
ActiveSummary
FACILITY + has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €78k and a net result of €-23k. Equity is shrinking by ~6% per year across the filed fiscal years. Its solvency ranks better than 15% of 37953 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability14▼-57
Solvency37=
Growth55▼-17
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity short (current ratio 0.98 against 1.01 in 2023; short-term debt: 88.1% and cash: 38.2% of total assets), and 88.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Seven 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
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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 2024Solvency, return and age of the figures
Solvency
11.9%
Return on assets
-3.4%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 37953 sector peers (2024).
NBB · sector comparisonPosition among 37953 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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
not confirmed
2024
29 d late
2023
78 d late
2022
107 d late
2021
29 d late
2020
30 d late
2019
21 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€863k▲ 100%
2018 · €430k
2018: €430k
2019: €863k▲ +100% vs 2018
2018 → 2019
EBIT margin
2.1%▼ 1.7pp
2018 · 3.8%
2018: 3.8%
2019: 2.1%▼ -44.7% vs 2018
2018 → 2019
Net result
€-23k
2023 · €13k
2018: €11k
2019: €11k▲ +1.3% vs 2018
2020: €6k▼ -46.0% vs 2019
2021: €8k▲ +31.4% vs 2020
2022: €-51k▼ -752% vs 2021lowest in 7 years
2023: €13k▲ +126% vs 2022highest in 7 years
2024: €-23k▼ -270% vs 2023
2018 → 2024
Working capital
€-12k
2023 · €11k
2018: €-3k
2019: €23k▲ +813% vs 2018
2020: €35k▲ +57.4% vs 2019
2021: €38k▲ +7.4% vs 2020highest in 7 years
2022: €-10k▼ -125% vs 2021
2023: €11k▲ +213% vs 2022
2024: €-12k▼ -207% vs 2023lowest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€130k-€138k▲ 6.0%€88k▼ 36.6%€101k▲ 15.2%€78k▼ 22.3%
2020: €130k
2021: €138k▲ +6.0% vs 2020highest in 5 years
2022: €88k▼ -36.6% vs 2021
2023: €101k▲ +15.2% vs 2022
2024: €78k▼ -22.3% vs 2023lowest in 5 years
Operating result€40k-€45k▲ 11.6%€-18k€25k€-15k
2020: €40k
2021: €45k▲ +11.6% vs 2020highest in 5 years
2022: €-18k▼ -139% vs 2021lowest in 5 years
2023: €25k▲ +241% vs 2022
2024: €-15k▼ -159% vs 2023
Net result€6k-€8k▲ 31.4%€-51k€13k€-23k
2020: €6k
2021: €8k▲ +31.4% vs 2020
2022: €-51k▼ -752% vs 2021lowest in 5 years
2023: €13k▲ +126% vs 2022highest in 5 years
2024: €-23k▼ -270% vs 2023
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €15k after €25k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €660k
Fixed assets
€90k =
Current assets
€570k ▼ 23.5%
Equity and liabilities €660k
Equity
€78k ▼ 22.3%
Debt
€582k ▼ 20.8%
Debt's share of the balance-sheet total rises from 87.9% to 88.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-8k▼
2023 · €33k
Cash flow
€-16k▼
2023 · €21k
Current ratio
0.98▼
2023 · 1.01
Debt to equity
7.43▲
2023 · 7.29
ROE
-28.8%▼
2023 · 13.2%
ROA
-3.4%▼
2023 · 1.6%
Interest coverage
-4.42▼
2023 · 180.56
Debt ≤ 1 year
€582k▼
2023 · €735k
Income taxes
€6k▼
2023 · €11k
Staff costs
€0▼
2023 · €45k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 46 lines
Balance sheet
Code20232024
Assets
Total assets20/58€836k€660k▼
Fixed assets21/28€90k€90k=
Tangible fixed assets22/27€70k€70k=
Plant, machinery and equipment23€208€0▼
Furniture and vehicles24€63k€65k▲
Other tangible fixed assets26€6k€5k▼
Financial fixed assets28€20k€20k=
Current assets29/58€746k€570k▼
Amounts receivable within one year40/41€524k€318k▼
Trade receivables40€377k€304k▼
Other amounts receivable41€147k€14k▼
Cash at bank and in hand54/58€221k€252k▲
Deferred charges and accrued income490/1€552€205▼
Equity and liabilities
Total equity and liabilities10/49€836k€660k▼
Equity10/15€101k€78k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€33k€10k▼
Amounts payable17/49€735k€582k▼
Amounts payable within one year42/48€735k€582k▼
Trade debts44€632k€484k▼
Suppliers440/4€632k€484k▼
Taxes, remuneration and social security45€50k€20k▼
Taxes450/3€40k€20k▼
Remuneration and social security454/9€10k€0▼
Other amounts payable47/48€53k€78k▲
Income statement
Code20232024
Remuneration, social security and pensions62€45k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€7k▼
Other operating charges640/8€2k€6k▲
Gross operating margin9900€79k€-2k▼
Operating profit (loss)9901€25k€-15k▼
Financial income75/76B€0€2▲
Recurring financial income75€0€2▲
Financial charges65/66B€182€2k▲
Recurring financial charges65€182€2k▲
Profit (loss) for the period before taxes9903€25k€-17k▼
Income taxes67/77€11k€6k▼
Profit (loss) for the period9904€13k€-23k▼
Profit (loss) for the period to be appropriated9905€13k€-23k▼
Appropriation of the result
Profit (loss) to be appropriated9906€33k€10k▼
Profit (loss) brought forward from the previous period14P€19k€33k▲
Social balance
Average headcount (FTE)90870.2-
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €155k | €85k | €45k | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19k | €15k | €7k | €8k | €7k | ▼ 16.2% |
| Other operating charges640/8 | - | €11k | €4k | €2k | €6k | ▲ 255% |
| Gross operating margin9900 | €213k | €225k | €79k | €79k | €-2k | ▼ 102% |
| Operating profit (loss)9901 | €40k | €45k | €-18k | €25k | €-15k | ▼ 159% |
| Financial income75/76B | - | €975 | €1k | €0 | €2 | - |
| Recurring financial income75 | €2k | €975 | €1k | €0 | €2 | - |
| Financial charges65/66B | - | €34k | €29k | €182 | €2k | ▲ 897% |
| Recurring financial charges65 | €33k | €34k | €29k | €182 | €2k | ▲ 897% |
| Profit (loss) for the period before taxes9903 | €9k | €12k | €-46k | €25k | €-17k | ▼ 167% |
| Income taxes67/77 | €3k | €4k | €5k | €11k | €6k | ▼ 47.2% |
| Profit (loss) for the period9904 | €6k | €8k | €-51k | €13k | €-23k | ▼ 270% |
| Profit (loss) for the period to be appropriated9905 | €6k | €8k | €-51k | €13k | €-23k | ▼ 270% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €478k | €1.33M | €905k | €836k | €660k | ▼ 21.0% |
| Fixed assets21/28 | €105k | €105k | €97k | €90k | €90k | = |
| Intangible fixed assets21 | €1k | - | - | - | - | - |
| Tangible fixed assets22/27 | €84k | €85k | €77k | €70k | €70k | = |
| Plant, machinery and equipment23 | - | €1k | €681 | €208 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | €63k | €63k | €63k | €65k | ▲ 2.6% |
| Leasing and similar rights25 | - | €6k | - | - | - | - |
| Other tangible fixed assets26 | - | €14k | €13k | €6k | €5k | ▼ 22.4% |
| Financial fixed assets28 | €20k | €20k | €20k | €20k | €20k | = |
| Current assets29/58 | €373k | €1.22M | €808k | €746k | €570k | ▼ 23.5% |
| Amounts receivable within one year40/41 | €362k | €918k | €591k | €524k | €318k | ▼ 39.4% |
| Trade receivables40 | - | €764k | €347k | €377k | €304k | ▼ 19.3% |
| Other amounts receivable41 | - | €154k | €243k | €147k | €14k | ▼ 90.8% |
| Cash at bank and in hand54/58 | €11k | €303k | €217k | €221k | €252k | ▲ 14.1% |
| Deferred charges and accrued income490/1 | - | €517 | €195 | €552 | €205 | ▼ 62.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €478k | €1.33M | €905k | €836k | €660k | ▼ 21.0% |
| Equity10/15 | €130k | €138k | €88k | €101k | €78k | ▼ 22.3% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | - | €62k | €62k | €62k | €62k | = |
| Issued capital100 | - | €62k | €62k | €62k | €62k | = |
| Reserves13 | €6k | €6k | €6k | €6k | €6k | = |
| Non-distributable reserves130/1 | - | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | - | €6k | €6k | €6k | €6k | = |
| Profit (loss) carried forward14 | €62k | €70k | €19k | €33k | €10k | ▼ 69.0% |
| Amounts payable17/49 | €348k | €1.19M | €818k | €735k | €582k | ▼ 20.8% |
| Amounts payable after more than one year17 | €10k | €5k | - | - | - | - |
| Financial debts170/4 | - | €5k | - | - | - | - |
| Amounts payable within one year42/48 | €337k | €1.18M | €818k | €735k | €582k | ▼ 20.8% |
| Current portion of amounts payable after more than one year42 | - | €6k | - | - | - | - |
| Financial debts43 | - | €340k | - | - | - | - |
| Credit institutions430/8 | - | €340k | - | - | - | - |
| Trade debts44 | €304k | €788k | €757k | €632k | €484k | ▼ 23.4% |
| Suppliers440/4 | - | €788k | €757k | €632k | €484k | ▼ 23.4% |
| Taxes, remuneration and social security45 | - | €16k | €14k | €50k | €20k | ▼ 60.2% |
| Taxes450/3 | - | - | €10k | €40k | €20k | ▼ 50.0% |
| Remuneration and social security454/9 | - | €16k | €4k | €10k | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €34k | €47k | €53k | €78k | ▲ 46.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6k | €8k | €-51k | €13k | €-23k | ▼ 270% |
| + Depreciation and write-downs630 | €19k | €15k | €7k | €8k | €7k | ▼ 16.2% |
| Operating cash flow (approximation) | €25k | €23k | €-43k | €21k | €-16k | ▼ 174% |
| Investment in fixed assets (approximation) | - | €-14k | €40 | €-797 | €-7k | ▼ 743% |
| Change in cash | - | €292k | €-86k | €4k | €31k | ▲ 672% |
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
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
17-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 78 days late
2023
31-12
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
31-12
Financial
Equity above €100kEq €101k ▲15.2%
Equity rises from €88k to €101k.
15-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 107 days late
2022
31-12
Financial
Weakest financial yearnet €-51k
Net result drops to €-51k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 29 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Herstal · 1 establishment unit since 1998
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.
Parc Ind. des Hauts Sarts, 3e av 244040 HerstalGround area
1,253 m²
Building footprint
333 m²
Volume, LiDAR
7,526 m³
Parcel 21362B0292/00X006, Brussels · tallest building 29.8 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
Louis Schmidtlaan 119, 1040 Etterbeek
since 19982.088.637.553
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21362B0292/00X006 | Brussels | 1,253 m² | 1 · 333 m² | 29.8 m · 9 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.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 40,031 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded24-08-1998
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
73200Market research and public opinion polling
Scores and ratios are computed by Checked and are not a credit decision.