Equity
FACING paid out €487,355 in dividends. That is 134% of the 2025 profit.
FACING paid out €487,355 in dividends. That is 134% of the 2025 profit.
The micro format states no turnover.
Debts rose by €102,837 in 2025. A dividend stands under other debts on the balance sheet date until it is paid.
Short-term debts rose from €36,236 to €139,073.
The last five annual accounts were filed 21 to 39 days before the end of the period.
Higher net result than 95% of companies in head offices and management consultancy. Sector median €27,138 · 39,380 companies.
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 86% of them on solvency, 65% on liquidity, 84% on profitability and 22% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 6,782 companies had the same profile as FACING has now. Each dot stands for 17 companies, two years later.
That fits the bankruptcy probability of FACING itself: < 0.1% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,782 companies, not a prediction for FACING. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 4.23 (16.04 in 2024), above the usual 1.5. Short-term debt is 21.1% and cash 23.9% of total assets. 21.1% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 5 accounts on average 33 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| FACING Antwerp | €658,499 | €447,939 | 78.9% | - |
| BUJA CONSULTANTS Heist-op-den-Berg | €670,491 | €487,622 | 47.3% | - |
| AstraLogix Antwerp | €630,354 | €503,143 | 0.8% | - |
| Enunda Vorselaar | €654,503 | €362,018 | 40.4% | - |
| LEFT FIELD CONSULTING Kraainem | €632,294 | €423,160 | 73.5% | - |
| LUMERON Ghent | €689,438 | €462,377 | 62.5% | 2.5 |
| TeamChefs Menen | €608,601 | €481,177 | -37.1% | 13.9 |
These companies have the same main activity as FACING: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €609,000 and €689,000, founded between 2020 and 2021.
FACING files the micro format. That format states no turnover. The gross margin rose from €189,328 in 2021 to €447,939 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €640,000. Estimated: probably between €530,000 and €1.1m.
Higher than 76% of 39,364 companies in 2025.
Higher than 74% of 38,048 companies in 2025.
Higher than 89% of 38,520 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
658,499 | 684,009 | 589,625 | 343,070 | 143,856 | |
21/28 |
70,513 | 102,635 | 18,184 | 20,388 | 8,350 | |
22/27 |
70,513 | 102,635 | 18,184 | 20,388 | 8,350 | |
23 |
6,631 | 10,293 | 9,358 | 12,184 | - | |
24 |
63,882 | 92,342 | 8,827 | 8,205 | 8,350 | |
29/58 |
587,986 | 581,374 | 571,441 | 322,681 | 135,506 | |
40/41 |
13,873 | 4,349 | 5 | 838 | 1,098 | |
40 |
0 | 976 | 0 | 833 | 1,093 | |
41 |
13,873 | 3,373 | 5 | 5 | 5 | |
50/53 |
415,774 | 442,749 | 171,855 | 97,963 | - | |
54/58 |
157,070 | 134,275 | 398,409 | 219,877 | 134,260 | |
490/1 |
1,269 | 0 | 1,172 | 4,003 | 148 | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
658,499 | 684,009 | 589,625 | 343,070 | 143,856 | |
10/15 |
519,426 | 647,772 | 549,362 | 309,587 | 129,801 | |
10/11 |
6,000 | 6,000 | 6,000 | 6,000 | 6,000 | |
13 |
513,426 | 641,772 | 543,362 | 303,587 | 123,801 | |
133 |
513,426 | 641,772 | 543,362 | 303,587 | 123,801 | |
14 |
0 | 0 | - | - | - | |
17/49 |
139,073 | 36,236 | 40,263 | 33,483 | 14,055 | |
42/48 |
139,073 | 36,236 | 40,263 | 30,933 | 14,055 | |
44 |
4,944 | 2,785 | 2,693 | 2,460 | 1,855 | |
440/4 |
4,944 | 2,785 | 2,693 | 2,460 | 1,855 | |
45 |
36,649 | 32,989 | 36,625 | 28,473 | 12,199 | |
450/3 |
36,649 | 32,989 | 36,625 | 28,473 | 9,822 | |
454/9 |
- | - | - | 0 | 2,377 | |
47/48 |
97,480 | 462 | 946 | - | - | |
492/3 |
- | - | 0 | 2,550 | - | |
| Income statement | ||||||
9900 |
447,939 | 441,816 | 367,086 | 275,761 | 189,328 | |
62 |
- | 0 | 25 | - | - | |
630 |
33,981 | 24,708 | 6,320 | 4,289 | 1,914 | |
640/8 |
657 | 14,018 | 13,493 | 8,484 | 9,955 | |
9901 |
413,302 | 403,090 | 347,248 | 262,988 | 177,459 | |
75/76B |
59,475 | 5,379 | 3,854 | 0 | 0 | |
75 |
59,475 | 5,379 | 3,854 | 0 | 0 | |
65/66B |
1,025 | 2,114 | 1,473 | 952 | 134 | |
65 |
1,025 | 2,114 | 1,473 | 952 | 134 | |
9903 |
471,752 | 406,354 | 349,629 | 262,036 | 177,324 | |
67/77 |
108,198 | 107,944 | 109,854 | 82,250 | 53,523 | |
9904 |
363,554 | 298,410 | 239,775 | 179,785 | 123,801 | |
9905 |
363,554 | 298,410 | 239,775 | 179,785 | 123,801 | |
| Appropriation of the result | ||||||
9906 |
363,554 | 298,410 | 239,775 | 179,785 | 123,801 | |
791/2 |
123,801 | - | - | - | - | |
691/2 |
0 | 98,410 | 239,775 | 179,785 | 123,801 | |
6921 |
0 | 98,410 | 239,775 | 179,785 | 123,801 | |
694/7 |
487,355 | 200,000 | - | - | - | |
694 |
487,355 | 200,000 | - | - | - | |
| Document | ||||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 30-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-06-2026 | 2026-00220768 | |
| 31-12-2024 | micro format | 10-07-2025 | 2025-00253339 | |
| 31-12-2023 | micro format | 27-06-2024 | 2024-00198605 | |
| 31-12-2022 | micro format | 22-06-2023 | 2023-00153063 | |
| 31-12-2021 | micro format | 23-06-2022 | 2022-20085711 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| 447,282 | 427,797 | 353,568 | 267,277 | 179,373 | ||
| 397,534 | 323,118 | 246,095 | 184,074 | 125,716 | ||
| 1,859 | 109,159 | 4,116 | 16,328 | 10,264 | ||
| 22,795 | -264,134 | 178,532 | 85,617 | - | ||
| 448,913 | 545,137 | 531,178 | 291,748 | 121,452 | ||
| 78.9% | 94.7% | 93.2% | 90.2% | 90.2% | ||
| 4.23 | 16.04 | 14.19 | 10.43 | 9.64 | ||
| 0.27 | 0.06 | 0.07 | 0.11 | 0.11 | ||
| 70.0% | 46.1% | 43.6% | 58.1% | 95.4% | ||
| 55.2% | 43.6% | 40.7% | 52.4% | 86.1% | ||
| over 100 | over 100 | over 100 | over 100 | over 100 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,859 | €109,159 | €4,116 | €16,328 | €10,264 |
| €33,981 | €24,708 | €6,320 | €4,289 | €1,914 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 3% higher than in 2024 and the highest since 2021. It is the fourth rise in a row.
Debt's share of the balance-sheet total rises from 5.3% to 21.1%. Equity is lower and debt is higher.
FACING has no parent and no holdings in its annual accounts. Caroline Ven is the only director.
| Vlaams Energiebedrijf via Caroline Ven, no longer at Vlaams Energiebedrijf · Director · deed of 10-06-2015 founded in 2012 |
104 FTE (2025) |
| ACERTA SOCIAAL SECRETARIAAT - ACERTA SECRETARIAT SOCIAL - ACERTA SOZIALSEKRETARIAT via Caroline Ven, no longer at ACERTA SOCIAAL SECRETARIAAT - ACERTA SECRETARIAT SOCIAL - ACERTA SOZIALSEKRETARIAT · Director · deed of 08-06-2016 founded in 2000 |
587 FTE (2025) |
| ACERTA SOCIAAL VERZEKERINGSFONDS via Caroline Ven, no longer at ACERTA SOCIAAL VERZEKERINGSFONDS · Director · deed of 08-06-2016 founded in 1967 |
239 FTE (2025) |
| VLAAMSE INSTELLING VOOR TECHNOLOGISCH ONDERZOEK via Caroline Ven, no longer at VLAAMSE INSTELLING VOOR TECHNOLOGISCH ONDERZOEK · Director · deed of 26-05-2017 founded in 1991 |
970 FTE (2025) |
| ACERTA via Caroline Ven, no longer at ACERTA · Director · deed of 07-06-2016 founded in 2000 |
363 FTE (2025) |
| Vlerick Business School via Caroline Ven, no longer at Vlerick Business School · Director · deed of 27-03-2015 founded in 1983 |
164 FTE (2025) |
| VLERICK RESEARCH via Caroline Ven, no longer at VLERICK RESEARCH · Director · deed of 20-03-2015 founded in 2001 |
14 FTE (2025) |
| ACERTA Consult via Caroline Ven, no longer at ACERTA Consult · Director · deed of 07-06-2016 founded in 1986 · group ACERTA |
270 FTE (2025) |
| ETION Synergia via Caroline Ven, no longer at ETION Synergia · Director · deed of 17-07-2014 founded in 1926 |
total assets €36.0m (2025) |
| ACERTA ONDERNEMINGSLOKET- ACERTA GUICHET D'ENTREPRISES via Caroline Ven, no longer at ACERTA ONDERNEMINGSLOKET- ACERTA GUICHET D'ENTREPRISES · Director · deed of 08-06-2016 founded in 2003 |
5.1 FTE (2025) |
| Site-Ontwikkeling Vlaanderen via Caroline Ven, no longer at Site-Ontwikkeling Vlaanderen · Director · deed of 10-06-2021 founded in 2000 · group VLAAMSE INSTELLING VOOR TECHNOLOGISCH ONDERZOEK |
total assets €10.9m (2025) |
| Acerta Services via Caroline Ven, no longer at Acerta Services · Director · deed of 07-06-2016 founded in 1994 · group ACERTA |
4.8 FTE (2025) |
| Clean Vision Invest via Caroline Ven, no longer at Clean Vision Invest · Director · deed of 14-12-2021 founded in 2021 · group VLAAMSE INSTELLING VOOR TECHNOLOGISCH ONDERZOEK |
total assets €5.2m (2025) |
| SHEHERAZADE Développement via Caroline Ven, no longer at SHEHERAZADE Développement · Director · deed of 07-06-2016 founded in 1988 · group ACERTA |
23 FTE (2025) |
| Mediwe via Caroline Ven, no longer at Mediwe · Vertegenwoordiger etion synergía in de raad van bestuur · deed of 24-06-2011 founded in 1976 |
6.8 FTE (2025) |
| BANK J.VAN BREDA & C° via Caroline Ven, no longer at BANK J.VAN BREDA & C° · Director · deed of 02-06-2022 group ACKERMANS & VAN HAAREN |
founded in 1930 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
FACING was incorporated on 24 September 2020 as a private limited company by one natural person.12 Caroline Ven is director of the company, appointed by deed of 28-09-2020.2 Total assets rose from €143,856 in 2021 to €658,499 in 2025.3
| Establishment | Since | Unit number |
|---|---|---|
| Kanunnik Peetersstraat 70 registered office 2600 Antwerp | 24-09-2020 | 2.307.602.680 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 11003A0182/00M002 | 207 m² | 1 · 81 m² | 12.9 m · 3 |
If something looks wrong or is missing, please tell us.