Fifty-Four Management
ActiveSummary
Fifty-Four Management has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €20,174 and a net result of -€2,894. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability23▼-14
Solvency33▼-3
Growth32
Track record94
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity tight (current ratio 1.14 against 0.49 in 2023; short-term debt: 13.7% and cash: 13.4% of total assets), and 91.5% 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 · 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 →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
8.5%
Return on assets
-1.2%
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 29-06-2026, 32 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
32 d early
2024
6 d early
2023
30 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 3 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 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 25 July (3 of the last 3 filed years within 37 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema, 2025 accounts filed, figures not processed yet
Equity
€20,174▼ 12.5%
2023 · €23,067
Total assets
€238,703▲ 9.9%
2023 · €217,153
Net result
-€2,894
2023 · €3,067
Working capital
€4,454
2023 · -€15,997
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 70, Activities of head offices; management consultancy 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
Line20232024
Operating result€8,425-€4,567▼ 45.8%
Net result€3,067within the sector's middle half--€2,894below the sector's middle half
Equity€23,067below the sector's middle half-€20,174below the sector's middle half▼ 12.5%
Total assets€217,153within the sector's middle half-€238,703within the sector's middle half▲ 9.9%
Debt€194,086-€218,529▲ 12.6%
Working capital-€15,997below the sector's middle half-€4,454within the sector's middle half
Solvency10.6%below the sector's middle half-8.5%below the sector's middle half▼ 2.2pp
Current ratio0.49below the sector's middle half-1.14within the sector's middle half▲ 0.65
Return on assets (ROA)1.4%below the sector's middle half--1.2%below the sector's middle half▼ 2.6pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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
The operating result falls in 2024; 2024 is 46% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €237,165
Fixed assets
€200,000 =
Current assets
€37,165 ▲ 145%
Equity and liabilities €238,703
Equity
€20,174 ▼ 12.5%
Debt
€218,529 ▲ 12.6%
Debt's share of the balance-sheet total rises from 89.4% to 91.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€5,019▼
2023 · €8,696
Cash flow
-€2,441▼
2023 · €3,338
Debt to equity
10.83▲
2023 · 8.41
ROE
-14.3%▼
2023 · 13.3%
Interest coverage
0.67▼
2023 · 2.01
Debt ≤ 1 year
€32,711▲
2023 · €31,160
Debt > 1 year
€185,127▲
2023 · €161,885
Income taxes
€0▼
2023 · €1,022
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €271 | €452 | ▲ 67.0% |
| Other operating charges640/8 | €384 | €387 | ▲ 0.8% |
| Gross operating margin9900 | €9,080 | €5,406 | ▼ 40.5% |
| Operating profit (loss)9901 | €8,425 | €4,567 | ▼ 45.8% |
| Financial charges65/66B | €4,335 | €7,460 | ▲ 72.1% |
| Recurring financial charges65 | €4,335 | €7,460 | ▲ 72.1% |
| Profit (loss) for the period before taxes9903 | €4,090 | -€2,894 | ▼ 171% |
| Income taxes67/77 | €1,022 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €3,067 | -€2,894 | ▼ 194% |
| Profit (loss) for the period to be appropriated9905 | €3,067 | -€2,894 | ▼ 194% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €217,153 | €238,703 | ▲ 9.9% |
| Formation expenses20 | €1,990 | €1,538 | ▼ 22.7% |
| Fixed assets21/28 | €200,000 | €200,000 | = |
| Financial fixed assets28 | €200,000 | €200,000 | = |
| Current assets29/58 | €15,163 | €37,165 | ▲ 145% |
| Amounts receivable within one year40/41 | - | €5,082 | - |
| Trade receivables40 | - | €5,082 | - |
| Cash at bank and in hand54/58 | €15,163 | €32,083 | ▲ 112% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €217,153 | €238,703 | ▲ 9.9% |
| Equity10/15 | €23,067 | €20,174 | ▼ 12.5% |
| Contributions10/11 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | €3,067 | €174 | ▼ 94.3% |
| Amounts payable17/49 | €194,086 | €218,529 | ▲ 12.6% |
| Amounts payable after more than one year17 | €161,885 | €185,127 | ▲ 14.4% |
| Financial debts170/4 | €161,885 | €135,127 | ▼ 16.5% |
| Other amounts payable178/9 | - | €50,000 | - |
| Amounts payable within one year42/48 | €31,160 | €32,711 | ▲ 5.0% |
| Current portion of amounts payable after more than one year42 | €27,764 | €28,938 | ▲ 4.2% |
| Trade debts44 | €271 | €1,983 | ▲ 632% |
| Suppliers440/4 | €271 | €1,983 | ▲ 632% |
| Taxes, remuneration and social security45 | €3,125 | €1,790 | ▼ 42.7% |
| Taxes450/3 | €3,125 | €1,790 | ▼ 42.7% |
| Accrued charges and deferred income492/3 | €1,040 | €691 | ▼ 33.5% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €3,067 | -€2,894 | ▼ 194% |
| + Depreciation and write-downs630 | €271 | €452 | ▲ 67.0% |
| Operating cash flow (approximation) | €3,338 | -€2,441 | ▼ 173% |
| Investment in fixed assets (approximation) | - | -€452 | - |
| Change in cash | - | €16,920 | - |
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
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity doublescurrent ratio 1.14
Current ratio from 0.49 to 1.14.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Attert
Ground area
311 m²
Building footprint
131 m²
Parcel 81017A1426/00B000, Wallonia. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 81017A1426/00B000 | Wallonia | 311 m² | 1 · 131 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 82,601 companies in this sector we hold annual accounts for 52,629. 30,634 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded26-05-2023
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0802147339
Also
9925:BE0802147339
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.