Foad Consulting
ActiveSummary
Foad Consulting has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €270,657 and a net result of €69,711, of which €66,570 non-recurring income. Equity has been growing by about 14% per year since 2018. Its solvency ranks better than 44% of 15,782 sector peers (NACE 69, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 27-01-2012 Normal situation
- Activity
- Other legal services NACE 69109and 3 others
- Establishment unit
- 2.207.142.651 1950 Kraainem, since 27-01-2012
- Financial year end
- 31 December
- Peppol
- Reachable since 24-03-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €127,621
- Turnover
- ≈ €220,000
- estimated
- Profit
- €69,711
- Equity
- €270,657
- ▲ 34.7%
- Total assets
- €531,018
- ▲ 27.6%
Score breakdownlowers riskSector: Legal and accounting activities (NACE 69)Size: total assets €531,018Figures for financial year 2025 (filed on 17-07-2026)Founded in 2012Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
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 69, micro). It does better than 47% of them on solvency, 40% on liquidity, 43% on profitability and 74% on growth.
The bankruptcy probability was computed on 02-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 36 days after the deadline. In the sector (NACE 69), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 17-07-2026 at the NBB all 14 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is a profit of €101,822, after a loss of €42,733 in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Legal and accounting activities (NACE 69). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €4,220 | €432,910 | - | - | €48,808 |
| Depreciation and write-downs of the year | €13,049 | €12,959 | €16,802 | €16,802 | €21,710 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | - | €66,570 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,754 | €23,972 | €13,542 | €13,049 | €12,959 | €16,802 | €16,802 | €21,710 | ▲ 29.2% |
| Other operating charges640/8 | - | - | - | €1,789 | €8,035 | €1,622 | - | €4,089 | - |
| Gross operating margin9900 | -€78,113 | €121,264 | €121,411 | €167,517 | €60,581 | -€52,481 | -€25,931 | €127,621 | - |
| Operating profit (loss)9901 | -€95,080 | €95,512 | €105,125 | €152,679 | €39,587 | -€70,905 | -€42,733 | €101,822 | - |
| Financial income75/76B | - | - | - | €4,369 | €7,692 | €4,405 | - | €413 | - |
| Recurring financial income75 | €3,239 | €3,432 | €2,783 | €4,369 | €7,692 | €4,405 | - | €413 | - |
| Financial charges65/66B | - | - | - | €882 | €4,136 | €5,001 | €4,693 | €6,012 | ▲ 28.1% |
| Recurring financial charges65 | €21,137 | €1,713 | €1,106 | €882 | €4,136 | €5,001 | €4,693 | €6,012 | ▲ 28.1% |
| Profit (loss) for the period before taxes9903 | -€112,978 | €97,231 | €106,802 | €156,166 | €43,143 | -€71,501 | -€47,426 | €96,223 | - |
| Income taxes67/77 | €793 | €4,044 | €26,580 | €40,188 | €12,167 | - | -€16 | €26,512 | - |
| Profit (loss) for the period9904 | -€113,771 | €93,187 | €80,222 | €115,978 | €30,976 | -€71,501 | -€47,410 | €69,711 | - |
| Transfer from tax-exempt reserves789 | - | - | - | - | - | - | - | €23,395 | - |
| Profit (loss) for the period to be appropriated9905 | -€113,771 | €93,187 | €80,222 | €115,978 | €30,976 | -€71,501 | -€47,410 | €93,106 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €203,414 | €262,484 | €336,208 | €435,356 | €672,809 | €476,298 | €416,241 | €531,018 | ▲ 27.6% |
| Fixed assets21/28 | €25,298 | €25,974 | €28,344 | €19,515 | €438,454 | €417,480 | €400,678 | €427,776 | ▲ 6.8% |
| Tangible fixed assets22/27 | €25,257 | €25,933 | €28,303 | €19,474 | €438,413 | €417,480 | €400,678 | €427,776 | ▲ 6.8% |
| Land and buildings22 | - | - | - | €11,152 | €418,406 | €403,284 | €388,161 | €373,025 | ▼ 3.9% |
| Furniture and vehicles24 | - | - | - | €8,322 | €20,007 | €14,196 | €12,517 | €54,751 | ▲ 337% |
| Financial fixed assets28 | €41 | €41 | €41 | €41 | €41 | - | - | - | - |
| Current assets29/58 | €178,116 | €236,510 | €307,864 | €415,841 | €234,355 | €58,818 | €15,563 | €103,242 | ▲ 563% |
| Amounts receivable within one year40/41 | €27,640 | €23,546 | €48,057 | €106,106 | €129,953 | €45,256 | - | €55,087 | - |
| Trade receivables40 | - | - | - | €4,417 | - | - | - | €1,413 | - |
| Other amounts receivable41 | - | - | - | €101,689 | €129,953 | €45,256 | - | €53,674 | - |
| Current investments50/53 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Cash at bank and in hand54/58 | €138,199 | €199,512 | €246,371 | €289,592 | €77,647 | €3,562 | €5,563 | €37,245 | ▲ 570% |
| Deferred charges and accrued income490/1 | - | - | - | €10,143 | €16,755 | - | - | €910 | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €203,414 | €262,484 | €336,208 | €435,356 | €672,809 | €476,298 | €416,241 | €531,018 | ▲ 27.6% |
| Equity10/15 | -€505 | €92,682 | €172,904 | €288,882 | €319,857 | €248,356 | €200,946 | €270,657 | ▲ 34.7% |
| Contributions10/11 | €12,400 | €12,400 | - | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €100,866 | €100,866 | €160,504 | €276,482 | €307,457 | €235,956 | €188,546 | €258,257 | ▲ 37.0% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | - | - | €23,395 | €23,395 | €23,395 | €23,395 | - | - |
| Distributable reserves133 | - | - | - | €251,227 | €282,202 | €210,701 | €163,291 | €256,397 | ▲ 57.0% |
| Profit (loss) carried forward14 | -€113,771 | -€20,584 | - | - | - | - | - | - | - |
| Amounts payable17/49 | €203,919 | €169,802 | €163,304 | €146,474 | €352,952 | €227,942 | €215,295 | €260,361 | ▲ 20.9% |
| Amounts payable after more than one year17 | €135,683 | €99,903 | €63,832 | €27,468 | €215,498 | €191,936 | €167,917 | €177,611 | ▲ 5.8% |
| Financial debts170/4 | - | - | - | €27,468 | €215,498 | €191,936 | €167,917 | €177,611 | ▲ 5.8% |
| Amounts payable within one year42/48 | €68,236 | €69,780 | €99,472 | €119,006 | €128,920 | €36,006 | €47,378 | €82,343 | ▲ 73.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €36,364 | €50,580 | €23,561 | €24,019 | €33,671 | ▲ 40.2% |
| Trade debts44 | €308 | - | €605 | - | €19,476 | €505 | €16,580 | €7,449 | ▼ 55.1% |
| Suppliers440/4 | - | - | - | - | €19,476 | €505 | €16,580 | €7,449 | ▼ 55.1% |
| Taxes, remuneration and social security45 | - | - | - | €82,342 | €58,564 | €11,640 | - | €40,923 | - |
| Taxes450/3 | - | - | - | €82,342 | €58,564 | €11,640 | - | €40,923 | - |
| Other amounts payable47/48 | - | - | - | €300 | €300 | €300 | €6,779 | €300 | ▼ 95.6% |
| Accrued charges and deferred income492/3 | - | - | - | - | €8,534 | - | - | €407 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€113,771 | €93,187 | €80,222 | €115,978 | €30,976 | -€71,501 | -€47,410 | €69,711 | - |
| + Depreciation and write-downs630 | €15,754 | €23,972 | €13,542 | €13,049 | €12,959 | €16,802 | €16,802 | €21,710 | ▲ 29.2% |
| Operating cash flow (approximation) | -€98,017 | €117,159 | €93,764 | €129,027 | €43,935 | -€54,699 | -€30,608 | €91,421 | - |
| Investment in fixed assets (approximation) | - | -€24,648 | -€15,912 | -€4,220 | -€431,898 | €4,172 | €0 | -€48,808 | - |
| Change in cash | - | €61,313 | €46,859 | €43,221 | -€211,945 | -€74,085 | €2,001 | €31,682 | ▲ 16× |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 17,811 companies had the same profile as Foad Consulting has now. Two years later, 96.5% were still going and 0.3% had gone bankrupt.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of Foad Consulting itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 17,811 companies, not a prediction for Foad Consulting. 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.
Latest 10 of 14 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 17-07-2026 | 2026-00303522 | |
| 31-12-2024 | micro format | 05-06-2025 | 2025-00124689 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00440357 | |
| 31-12-2022 | micro format | 25-08-2023 | 2023-00383285 | |
| 31-12-2021 | micro format | 14-10-2022 | 2022-20468381 | |
| 31-12-2020 | micro format | 18-10-2021 | 2021-72200369 | |
| 31-12-2019 | micro format | 23-11-2020 | 2020-72000028 | |
| 31-12-2018 | micro format | 26-08-2019 | 2019-52300241 | |
| 31-12-2017 | micro format | 19-07-2018 | 2018-36400333 | |
| 31-12-2016 | micro format | 31-10-2017 | 2017-68700496 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 12-11-2025 Converted to unavailable equity
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “11, de algemene vergadering kan het mandaat van een niet-statutair benoemde bestuurder te allen tijde beëindigen, met of zonder opzegtermijn…”“11, wanneer de bestuurders een collegiaal orgaan vormen en de plaats van een bestuurder vóór het einde van zijn mandaat openvalt, hebben de…”“11, het mandaat van iedere bestuurder wordt kosteloos uitgeoefend, behoudens een hiermee strijdige beslissing van de algemene vergadering”“12, hij kan bijzondere machten toekennen aan elke mandataris”“12, de vaste vertegenwoordiger is hoofdelijk met de rechtspersoon aansprakelijk, zowel burgerlijk als strafrechtelijk, alsof hij zelf het…”“Elke bestuurder mag aan één van zijn collega's, schriftelijk of via elk ander communicatiemiddel dat over een materiële drager beschikt…”
Capital, shares and profit
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “10, verklaring van overdracht ingeschreven in het register van de betrokken aandelen”“10, alle opeenvolgende overnemers hoofdelijk gehouden”
- Authorised capitalThe board may raise the capital up to this amount without a new shareholder decision.
- “Algemene vergadering, machtiging”
Articles of association, deed of 12-11-2025 (in Dutch)
Network & group
Foad Consulting shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of Foad Consulting. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
12-11
Gazette deed
Appointment: HOSEINIAN Foad Makhtoom (sole director)Amendment of the articles · Capital conversion · Capital8 points ▸
- General meeting, 31-10-2025
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Capital
- Director appointment, HOSEINIAN Foad Makhtoom (sole director)
- Declaration, “verklaring bestuursverbod, verklaart de comparant dat tegen de voornoemde persoon/ voornoemde personen geen veroordeling werd uitgesproken door een rechterlijke…” (deed in Dutch)
- Power of attorney, HOSEINIAN Foad Makhtoom
- Power of attorney, Dimitri CLEENEWERCK DE CRAYENCOUR
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 202512 activities
- Elke bijdrage aan de oprichting en ontwikkeling van ondernemingen en in het bijzonder het verstrekken van juridisch, technisch, commercieel of administratief advies in de breedste zin van het woord, met uitzondering van advies inzake beleggingen en dergelijke, het verstrekken van juridisch advies, bijstand en het uitvoeren van diensten, direct of indirect, op het gebied van administratie en financiën, verkoop, productie, organisatietechnieken en commerciële distributie, en meer in het algemeen het beheer in het algemeen en de uitoefening van alle diensten en managementactiviteiten in de breedste zin van het woord aan alle natuurlijke of rechtspersonen; het uitvoeren van alle opdrachten in de vorm van organisatieonderzoeken, expertises, akten en technisch of ander advies op elk gebied dat onder haar maatschappelijk doel valt.
- Zij kan roerende goederen verwerven, ontwikkelen en beheren en alle soorten roerende transacties uitvoeren, met inbegrip van transacties met betrekking tot alle roerende rechten, zoals de verwerving door middel van inschrijving of overdracht en het beheer van aandelen, maatschappelijke aandelen, al dan niet converteerbare obligaties, consumptieve leningen, gewone leningen, kasbons of andere roerende waarden, in welke vorm dan ook, zowel van rechtspersonen als van ondernemingen, Belgische of buitenlandse, bestaande of nog op te richten.
- De vennootschap kan elk mandaat in het algemeen uitoefenen, evenals elke functie die is toegestaan in elke Belgische of buitenlandse rechtspersoon, met inbegrip van de functie van bestuurder, gedelegeerd bestuurder, zaakvoerder en vereffenaar. Dit mandaat kan tegen vergoeding of kosteloos worden uitgeoefend.
- De vennootschap kan, door middel van inbreng in contanten of in natura, fusie, inschrijving, deelneming, financiële interventie of anderszins, deelnemingen nemen in andere bestaande of nog op te richten vennootschappen of ondernemingen, zowel in België als in het buitenland, waarvan het maatschappelijk doel vergelijkbaar of analoog is aan het hare of van dien aard is dat het haar maatschappelijk doel bevordert.
- Zij kan ook alle leningen toekennen of alle door derden toegekende leningen garanderen, met dien verstande dat de vennootschap geen activiteiten zal uitoefenen die onderworpen zijn aan wettelijke of reglementaire bepalingen die van toepassing zijn op kredietinstellingen en/of financiële instellingen.
- Zij kan advies geven en bijstand verlenen in alle aangelegenheden aan ondernemingen en bij het bestuur en beheer van ondernemingen.
- Zij kan alle commerciële, industriële en financiële transacties, onroerendgoed- en roerende goederen transacties verrichten die direct of indirect verband houden met haar maatschappelijk doel of die haar ontwikkeling kunnen bevorderen, met uitzondering van transacties in effecten en onroerend goed die bij wet zijn voorbehouden aan banken en beursvennootschappen.
- Zij kan onroerend goed verwerven, ontwikkelen, promoten en beheren, en alle soorten onroerendgoed-grondtransacties uitvoeren, met inbegrip van transacties die betrekking hebben op alle zakelijke rechten op onroerend goed, zoals onder meer erfpacht, opstalrecht of onroerendgoedleasing, dit alles in de breedste zin van het woord, en met name: verwerving, vervreemding, bezwaring, ruil, renovatie, verbouwing, inrichting, onderhoud, verkaveling, prospectie, exploitatie, bouwvoorbereiding, verhuur (verhuren of huren), onderverhuur, terbeschikkingstelling, beheer en administratie, in de ruimste zin van het woord, in eigen naam en in naam van derden, van onroerende goederen en zakelijke rechten op onroerende goederen, zonder dat deze opsomming limitatief is, en roerende goederen met betrekking tot de inrichting en uitrusting van onroerende goederen, zonder dat deze opsomming limitatief is, de exploitatie van handelszaken en/of onroerende goederen en zakelijke rechten op onroerende goederen, evenals alle handelingen die direct of indirect verband houden met dit maatschappelijk doel of die direct of indirect het rendement van roerende en onroerende goederen zouden kunnen bevorderen.
- De vennootschap kan onroerende goederen kosteloos ter beschikking stellen van haar bestuurders en hun gezinnen als vergoeding voor de aan de vennootschap geleverde diensten.
- Zij kan haar onroerende goederen hypothekeren en al haar andere goederen, met inbegrip van haar handelsfonds, in pand geven.
- Zij kan ook - in functie van haar eigen belangen - zich borg stellen of haar goedkeuring verlenen voor alle leningen of verbintenissen, zowel voor zichzelf als voor alle derde particulieren, met inbegrip van de bestuurders, de vennoten, het personeel en de bedienden van de vennootschap.
- Zij kan zich borg stellen en elke persoonlijke of zakelijke zekerheid verstrekken ten gunste van elke persoon of vennootschap, al dan niet verbonden.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 22002C0046/00B003 | Flanders | 1,531 m² | 1 · 153 m² | 9.7 m · 2 |