FiveF Advisory
ActiveSummary
FiveF Advisory has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €3.64M and a net result of €220k. Equity is growing by ~63% per year across the filed fiscal years. Its solvency ranks better than 89% 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
Profitability76▲+3
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €300k at 30 days acceptable
Liquidity ample (current ratio 4.13 against 4.89 in 2023; short-term debt: 5.7% and cash: 6.9% of total assets), and 9.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers 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 · 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
90.9%
Return on assets
5.5%
Age of the figures
21 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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
61 d late
2023
61 d late
2022
3 d early
2021
6 d early
2020
5 d early
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€3.64M▲ 2.7%
2023 · €3.55M
Total assets
€4.01M▲ 2.3%
2023 · €3.92M
Net result
€220k▲ 49.4%
2023 · €147k
Working capital
€711k▼ 3.1%
2023 · €733k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€228k▲ 18.0%€345k▲ 51.5%€3.04M▲ 781%€237k▼ 92.2%€339k▲ 43.2%
Net result€155k▲ 37.6%€214k▲ 38.2%€2.89M▲ 1,256%€147k▼ 94.9%€220k▲ 49.4%
Equity€440k▲ 39.2%€589k▲ 34.0%€3.43M▲ 482%€3.55M▲ 3.4%€3.64M▲ 2.7%
Total assets€1.00M▲ 14.7%€1.09M▲ 9.2%€3.89M▲ 256%€3.92M▲ 0.7%€4.01M▲ 2.3%
Debt€560k▲ 0.7%€503k▼ 10.2%€460k▼ 8.5%€371k▼ 19.4%€365k▼ 1.6%
Working capital€250k▲ 48.5%€200k▼ 19.9%€360k▲ 79.8%€733k▲ 104%€711k▼ 3.1%
Staff (FTE)0.6▲ 20.0%1▲ 66.7%1=1=1=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 43% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.01M
Fixed assets
€3.07M ▲ 2.5%
Current assets
€938k ▲ 1.7%
Equity and liabilities €4.01M
Equity
€3.64M ▲ 2.7%
Debt
€365k ▼ 1.6%
Debt's share of the balance-sheet total falls from 9.5% to 9.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€341k▲
2023 · €241k
Cash flow
€222k▲
2023 · €151k
Current ratio
4.13▼
2023 · 4.89
Debt to equity
0.10▼
2023 · 0.10
ROE
6.0%▲
2023 · 4.1%
ROA
5.5%▲
2023 · 3.8%
Interest coverage
16.75▲
2023 · 11.50
Debt ≤ 1 year
€227k▲
2023 · €189k
Debt > 1 year
€138k▼
2023 · €183k
Income taxes
€116k▲
2023 · €78k
Staff costs
€35k▲
2023 · €35k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €87k | €2.68M | €114k | - | - |
| Remuneration, social security and pensions62 | - | €31k | €33k | €35k | €35k | ▲ 0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11k | €13k | €13k | €4k | €3k | ▼ 34.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €-5k | - |
| Other operating charges640/8 | - | €6k | €4k | €5k | €4k | ▼ 17.0% |
| Gross operating margin9900 | €264k | €395k | €3.09M | €280k | €375k | ▲ 34.0% |
| Operating profit (loss)9901 | €228k | €345k | €3.04M | €237k | €339k | ▲ 43.2% |
| Financial income75/76B | - | €3k | €8k | €10k | €17k | ▲ 74.0% |
| Recurring financial income75 | €2k | €3k | €8k | €10k | €17k | ▲ 74.0% |
| Financial charges65/66B | - | €14k | €17k | €21k | €20k | ▼ 2.6% |
| Recurring financial charges65 | €15k | €14k | €17k | €21k | €20k | ▼ 2.6% |
| Profit (loss) for the period before taxes9903 | €214k | €334k | €3.03M | €225k | €335k | ▲ 48.8% |
| Income taxes67/77 | €60k | €120k | €132k | €78k | €116k | ▲ 47.5% |
| Profit (loss) for the period9904 | €155k | €214k | €2.89M | €147k | €220k | ▲ 49.4% |
| Transfer to tax-exempt reserves689 | - | - | €2.61M | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €155k | €214k | €287k | €147k | €220k | ▲ 49.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.00M | €1.09M | €3.89M | €3.92M | €4.01M | ▲ 2.3% |
| Fixed assets21/28 | €508k | €655k | €3.28M | €2.99M | €3.07M | ▲ 2.5% |
| Tangible fixed assets22/27 | €308k | €302k | €294k | €7k | €81k | ▲ 1,134% |
| Land and buildings22 | - | €292k | €283k | - | - | - |
| Furniture and vehicles24 | - | €10k | €11k | €7k | €81k | ▲ 1,134% |
| Financial fixed assets28 | €200k | €353k | €2.99M | €2.99M | €2.99M | = |
| Current assets29/58 | €492k | €437k | €607k | €922k | €938k | ▲ 1.7% |
| Amounts receivable after more than one year29 | - | €197k | €281k | €281k | €281k | = |
| Other amounts receivable291 | - | €197k | €281k | €281k | €281k | = |
| Amounts receivable within one year40/41 | €41k | €149k | €162k | €287k | €307k | ▲ 6.7% |
| Trade receivables40 | - | €15k | €31k | €24k | €17k | ▼ 27.5% |
| Other amounts receivable41 | - | €134k | €131k | €264k | €289k | ▲ 9.8% |
| Current investments50/53 | - | - | - | - | €60k | - |
| Cash at bank and in hand54/58 | €142k | €84k | €163k | €334k | €276k | ▼ 17.5% |
| Deferred charges and accrued income490/1 | - | €7k | €2k | €20k | €15k | ▼ 24.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.00M | €1.09M | €3.89M | €3.92M | €4.01M | ▲ 2.3% |
| Equity10/15 | €440k | €589k | €3.43M | €3.55M | €3.64M | ▲ 2.7% |
| Contributions10/11 | - | €13k | €13k | €13k | €13k | = |
| Reserves13 | €427k | €577k | €3.32M | €3.44M | €3.59M | ▲ 4.5% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Tax-exempt reserves132 | - | - | €2.61M | €2.61M | €2.61M | = |
| Distributable reserves133 | - | €575k | €710k | €828k | €982k | ▲ 18.7% |
| Profit (loss) carried forward14 | - | - | €97k | €97k | €38k | ▼ 60.2% |
| Amounts payable17/49 | €560k | €503k | €460k | €371k | €365k | ▼ 1.6% |
| Amounts payable after more than one year17 | €318k | €266k | €213k | €183k | €138k | ▼ 24.6% |
| Financial debts170/4 | - | €266k | €213k | €183k | €138k | ▼ 24.6% |
| Amounts payable within one year42/48 | €242k | €237k | €247k | €189k | €227k | ▲ 20.4% |
| Current portion of amounts payable after more than one year42 | - | €52k | €53k | €53k | €45k | ▼ 15.9% |
| Financial debts43 | - | €59k | €80k | €48k | €50k | ▲ 5.4% |
| Credit institutions430/8 | - | €59k | €80k | €48k | €50k | ▲ 5.4% |
| Trade debts44 | €36k | €30k | €23k | €22k | €80k | ▲ 270% |
| Suppliers440/4 | - | €30k | €23k | €22k | €80k | ▲ 270% |
| Taxes, remuneration and social security45 | - | €96k | €91k | €66k | €51k | ▼ 21.7% |
| Taxes450/3 | - | €89k | €83k | €61k | €43k | ▼ 28.5% |
| Remuneration and social security454/9 | - | €7k | €8k | €5k | €8k | ▲ 61.4% |
| Accrued charges and deferred income492/3 | - | - | - | - | €649 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €155k | €214k | €2.89M | €147k | €220k | ▲ 49.4% |
| + Depreciation and write-downs630 | €11k | €13k | €13k | €4k | €3k | ▼ 34.0% |
| Operating cash flow (approximation) | €166k | €226k | €2.91M | €151k | €222k | ▲ 47.2% |
| Investment in fixed assets (approximation) | - | €-160k | €-2.64M | €284k | €-77k | ▼ 127% |
| Change in cash | - | €-58k | €78k | €172k | €-59k | ▼ 134% |
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
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €2.89M ▲1,256%
Operating result €3.04M, net result €2.89M, both a record.
31-12
Financial
Equity above €2MEq €3.43M ▲482%
5 profitable years in a row build equity to €3.43M.
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €500kEq €589k ▲34%
4 profitable years in a row build equity to €589k.
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
18-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
25-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
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, Knokke-Heist · 1 establishment unit since 2011
Ground area
538 m²
Building footprint
139 m²
Volume, LiDAR
618 m³
Parcel 31333H0530/00K020, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Duivelsputlaan 13, 8300 Knokke-Heist
since 20112.206.034.871
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31333H0530/00K020 | Flanders | 538 m² | 1 · 139 m² | 8.7 m · 2 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 82,632 companies in sector 70200 we hold annual accounts for 52,575. 13,975 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
Founded13-12-2011
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.