FIVE P
ActiveSummary
FIVE P has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€8,905) and a net result of €11,742. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 31942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.26; short-term debt: 211.6% and cash: 13.4% of total assets), and equity is negative.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six 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 · 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
-111.6%
Return on assets
147.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 31942 sector peers (2025).
NBB · sector comparisonPosition among 31942 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 9 filingsDeviation from the deadline
2025
31 d late
2024
73 d early
2023
19 d late
2022
17 d late
2021
93 d early
2020
31 d early
2019
30 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 23 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.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€11,742
2024 · -€9,012
Working capital
-€12,570▲ 40.9%
2024 · -€21,277
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€49,938▲ 37.9%-€25,493-€5,975▲ 76.6%-€8,691▼ 45.4%€12,045
Net result€35,214within the sector's middle half▲ 30.8%-€25,816below the sector's middle half-€6,279below the sector's middle half▲ 75.7%-€9,012below the sector's middle half▼ 43.5%€11,742within the sector's middle half
Equity€20,460below the sector's middle half=-€5,356below the sector's middle half-€11,635below the sector's middle half▼ 117%-€20,647below the sector's middle half▼ 77.5%-€8,905below the sector's middle half▲ 56.9%
Total assets€75,854below the sector's middle half▼ 15.0%€13,877below the sector's middle half▼ 81.7%€1,325below the sector's middle half▼ 90.4%€4,537below the sector's middle half▲ 242%€7,982below the sector's middle half▲ 75.9%
Debt€55,394▼ 19.4%€19,233▼ 65.3%€12,960▼ 32.6%€25,183▲ 94.3%€16,887▼ 32.9%
Working capital€19,358within the sector's middle half▲ 44.3%-€6,301below the sector's middle half-€12,422below the sector's middle half▼ 97.2%-€21,277below the sector's middle half▼ 71.3%-€12,570below the sector's middle half▲ 40.9%
Solvency27.0%within the sector's middle half▲ 4.0pp-38.6%below the sector's middle half▼ 65.6pp-111.6%below the sector's middle half
Current ratio1.35within the sector's middle half▲ 0.150.67below the sector's middle half▼ 0.680.26below the sector's middle half
Return on assets (ROA)46.4%above the sector's middle half▲ 16.2pp-186.0%below the sector's middle half▼ 232.5pp147.1%above the sector's middle half
Staff (FTE)
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.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €12,045 after a loss of €8,691 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7,982
Fixed assets
€3,665 ▲ 482%
Current assets
€4,317 ▲ 10.5%
Key figures and ratios
EBITDA
€12,562▲
2024 · -€8,533
Cash flow
€12,259▲
2024 · -€8,854
Debt to equity
-1.90
Interest coverage
41.44▲
2024 · -26.58
Debt ≤ 1 year
€16,887▼
2024 · €25,183
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,640 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
2.7%
went bankrupt
4.9%
stopped otherwise
92%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 3,640 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,942 | €158 | €158 | €158 | €518 | ▲ 229% |
| Other operating charges640/8 | €1,611 | €910 | €409 | €387 | €400 | ▲ 3.2% |
| Gross operating margin9900 | €57,491 | -€24,425 | -€5,409 | -€8,146 | €12,962 | ▲ 259% |
| Operating profit (loss)9901 | €49,938 | -€25,493 | -€5,975 | -€8,691 | €12,045 | ▲ 239% |
| Financial income75/76B | €410 | - | - | - | - | - |
| Recurring financial income75 | €410 | - | - | - | - | - |
| Financial charges65/66B | €186 | €204 | €180 | €321 | €303 | ▼ 5.6% |
| Recurring financial charges65 | €186 | €204 | €180 | €321 | €303 | ▼ 5.6% |
| Profit (loss) for the period before taxes9903 | €50,162 | -€25,696 | -€6,156 | -€9,012 | €11,742 | ▲ 230% |
| Income taxes67/77 | €14,948 | €120 | €123 | - | - | - |
| Profit (loss) for the period9904 | €35,214 | -€25,816 | -€6,279 | -€9,012 | €11,742 | ▲ 230% |
| Profit (loss) for the period to be appropriated9905 | €35,214 | -€25,816 | -€6,279 | -€9,012 | €11,742 | ▲ 230% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €75,854 | €13,877 | €1,325 | €4,537 | €7,982 | ▲ 75.9% |
| Fixed assets21/28 | €1,103 | €945 | €788 | €630 | €3,665 | ▲ 482% |
| Tangible fixed assets22/27 | €1,103 | €945 | €788 | €630 | €3,665 | ▲ 482% |
| Furniture and vehicles24 | €1,103 | €945 | €788 | €630 | €3,665 | ▲ 482% |
| Current assets29/58 | €74,751 | €12,932 | €538 | €3,907 | €4,317 | ▲ 10.5% |
| Amounts receivable within one year40/41 | €10,436 | - | - | €3,025 | €3,025 | = |
| Trade receivables40 | €10,436 | - | - | €3,025 | €3,025 | = |
| Cash at bank and in hand54/58 | €62,094 | €10,903 | €455 | €761 | €1,069 | ▲ 40.5% |
| Deferred charges and accrued income490/1 | €2,221 | €2,029 | €83 | €121 | €223 | ▲ 84.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €75,854 | €13,877 | €1,325 | €4,537 | €7,982 | ▲ 75.9% |
| Equity10/15 | €20,460 | -€5,356 | -€11,635 | -€20,647 | -€8,905 | ▲ 56.9% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | - | -€25,816 | -€32,095 | -€41,107 | -€29,365 | ▲ 28.6% |
| Amounts payable17/49 | €55,394 | €19,233 | €12,960 | €25,183 | €16,887 | ▼ 32.9% |
| Amounts payable within one year42/48 | €55,394 | €19,233 | €12,960 | €25,183 | €16,887 | ▼ 32.9% |
| Trade debts44 | €1,585 | €142 | €384 | €140 | €99 | ▼ 29.0% |
| Suppliers440/4 | €1,585 | €142 | €384 | €140 | €99 | ▼ 29.0% |
| Taxes, remuneration and social security45 | €8,821 | €3,236 | €123 | €1,291 | €1,442 | ▲ 11.7% |
| Taxes450/3 | €8,821 | €3,236 | €123 | €1,291 | €1,442 | ▲ 11.7% |
| Other amounts payable47/48 | €44,987 | €15,855 | €12,452 | €23,752 | €15,346 | ▼ 35.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €35,214 | -€25,816 | -€6,279 | -€9,012 | €11,742 | ▲ 230% |
| + Depreciation and write-downs630 | €5,942 | €158 | €158 | €158 | €518 | ▲ 229% |
| Operating cash flow (approximation) | €41,156 | -€25,658 | -€6,121 | -€8,854 | €12,259 | ▲ 238% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€3,553 | - |
| Change in cash | - | -€51,191 | -€10,448 | €306 | €308 | ▲ 0.7% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Back to profitnet €11,742
Net result €11,742 after 3 loss-making years.
19-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 19 days late
2023
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 17 days late
2022
31-12
Financial
Weakest financial yearnet -€25,816
Net result drops to -€25,816, the lowest in the series; recovery starts the following year.
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Highest result since 2018net €77,290 ▲32.3%
Operating result €100,116, net result €77,290, both a record.
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Watermaal-Bosvoorde · 2 establishment units since 2016
Ground area
4,136 m²
Building footprint
895 m²
Volume, LiDAR
28,744 m³
3 parcels, Brussels, Flanders · tallest building 39.2 m, ±12 floors. Linked by address, not a title deed.
11
companies at this address
See who is registered here
2 establishment units
Vilain XIIII-straat 53-55, 1000 Brussel
since 20162.256.479.920
FIVE P
since 20172.266.354.421
3 parcels
Flanders
1
(33.3%)
Brussels
2
(66.7%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21017D0038/00E000 | Brussels | 3,616 m² | 1 · 594 m² | 39.2 m · 12 fl. |
| 22002B0075/00M004 | Flanders | 261 m² | 1 · 91 m² | 10.9 m · 3 fl. |
| 21807G0177/00P004 | Brussels | 259 m² | 1 · 209 m² | 34.4 m · 10 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 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
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 30,793 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
Founded02-08-2016
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0660638195
Registered
07-12-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.