Four C
ActiveSummary
Four C has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €164k and a net result of €7k. Equity is growing by ~15.5% per year across the filed fiscal years. Its solvency ranks better than 78% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▼-4
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity ample (current ratio 4.89 against 6.02 in 2024; short-term debt: 18.9% and cash: 28.2% of total assets), and 18.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three 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 2025Solvency, return and age of the figures
Solvency
81.1%
Return on assets
3.6%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 01-10-2025, 30 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
30 d early
2024
3 d early
2023
32 d early
2022
7 d late
2021
58 d early
2020
31 d early
2019
63 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€164k▲ 4.7%
2024 · €156k
2019: €47klowest in 7 years
2020: €76k▲ +61.1% vs 2019
2021: €103k▲ +36.0% vs 2020
2022: €130k▲ +25.3% vs 2021
2023: €144k▲ +11.3% vs 2022
2024: €156k▲ +8.5% vs 2023
2025: €164k▲ +4.7% vs 2024highest in 7 years
2019 → 2025
Total assets
€202k▲ 10.3%
2024 · €183k
2019: €97klowest in 7 years
2020: €139k▲ +44.3% vs 2019
2021: €137k▼ -1.6% vs 2020
2022: €171k▲ +24.9% vs 2021
2023: €199k▲ +16.3% vs 2022
2024: €183k▼ -8.2% vs 2023
2025: €202k▲ +10.3% vs 2024highest in 7 years
2019 → 2025
Net result
€7k▼ 39.7%
2024 · €12k
2019: €28k
2020: €29k▲ +2.0% vs 2019
2021: €27k▼ -5.1% vs 2020
2022: €35k▲ +28.6% vs 2021highest in 7 years
2023: €15k▼ -58.6% vs 2022
2024: €12k▼ -16.3% vs 2023
2025: €7k▼ -39.7% vs 2024lowest in 7 years
2019 → 2025
Working capital
€148k▲ 11.0%
2024 · €134k
2019: €28klowest in 7 years
2020: €59k▲ +113% vs 2019
2021: €81k▲ +37.5% vs 2020
2022: €112k▲ +37.6% vs 2021
2023: €123k▲ +9.9% vs 2022
2024: €134k▲ +8.6% vs 2023
2025: €148k▲ +11.0% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€103k-€130k▲ 25.3%€144k▲ 11.3%€156k▲ 8.5%€164k▲ 4.7%
2021: €103klowest in 5 years
2022: €130k▲ +25.3% vs 2021
2023: €144k▲ +11.3% vs 2022
2024: €156k▲ +8.5% vs 2023
2025: €164k▲ +4.7% vs 2024highest in 5 years
Operating result€39k-€51k▲ 28.8%€25k▼ 50.2%€20k▼ 22.0%€14k▼ 26.6%
2021: €39k
2022: €51k▲ +28.8% vs 2021highest in 5 years
2023: €25k▼ -50.2% vs 2022
2024: €20k▼ -22.0% vs 2023
2025: €14k▼ -26.6% vs 2024lowest in 5 years
Net result€27k-€35k▲ 28.6%€15k▼ 58.6%€12k▼ 16.3%€7k▼ 39.7%
2021: €27k
2022: €35k▲ +28.6% vs 2021highest in 5 years
2023: €15k▼ -58.6% vs 2022
2024: €12k▼ -16.3% vs 2023
2025: €7k▼ -39.7% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 27% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €202k
Fixed assets
€15k ▼ 32.1%
Current assets
€186k ▲ 16.3%
Equity and liabilities €202k
Equity
€164k ▲ 4.7%
Debt
€38k ▲ 43.2%
Debt's share of the balance-sheet total rises from 14.6% to 18.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€24k▼
2024 · €28k
Cash flow
€16k▼
2024 · €21k
Current ratio
4.89▼
2024 · 6.02
Debt to equity
0.23▲
2024 · 0.17
ROE
4.5%▼
2024 · 7.8%
ROA
3.6%▼
2024 · 6.7%
Interest coverage
42.41▲
2024 · 15.27
Debt ≤ 1 year
€38k▲
2024 · €27k
Income taxes
€7k▲
2024 · €7k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€183k€202k▲
Fixed assets21/28€23k€15k▼
Tangible fixed assets22/27€23k€15k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€11k€7k▼
Other tangible fixed assets26€9k€6k▼
Current assets29/58€160k€186k▲
Amounts receivable within one year40/41€148k€116k▼
Trade receivables40€101k€74k▼
Other amounts receivable41€47k€42k▼
Cash at bank and in hand54/58€8k€57k▲
Deferred charges and accrued income490/1€4k€14k▲
Equity and liabilities
Total equity and liabilities10/49€183k€202k▲
Equity10/15€156k€164k▲
Contributions10/11€20k€20k=
Reserves13€136k€144k▲
Non-distributable reserves130/1€2k€0▼
Reserves not available under the articles1311€2k€0▼
Distributable reserves133€134k€144k▲
Amounts payable17/49€27k€38k▲
Amounts payable within one year42/48€27k€38k▲
Trade debts44€11k€30k▲
Suppliers440/4€11k€30k▲
Taxes, remuneration and social security45€16k€8k▼
Taxes450/3€16k€8k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€9k▲
Other operating charges640/8€3k€6k▲
Gross operating margin9900€32k€30k▼
Operating profit (loss)9901€20k€14k▼
Financial income75/76B€2k€592▼
Recurring financial income75€2k€592▼
Financial charges65/66B€2k€554▼
Recurring financial charges65€2k€554▼
Profit (loss) for the period before taxes9903€19k€14k▼
Income taxes67/77€7k€7k▲
Profit (loss) for the period9904€12k€7k▼
Profit (loss) for the period to be appropriated9905€12k€7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€12k€7k▼
Transfer to equity691/2€12k€7k▼
To other reserves6921€12k€7k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €4k | €5k | €9k | €9k | ▲ 2.9% |
| Other operating charges640/8 | - | €3k | €6k | €3k | €6k | ▲ 86.3% |
| Gross operating margin9900 | €46k | €58k | €36k | €32k | €30k | ▼ 6.9% |
| Operating profit (loss)9901 | €39k | €51k | €25k | €20k | €14k | ▼ 26.6% |
| Financial income75/76B | - | €103 | €1k | €2k | €592 | ▼ 61.0% |
| Recurring financial income75 | €0 | €103 | €1k | €2k | €592 | ▼ 61.0% |
| Financial charges65/66B | - | €711 | €1k | €2k | €554 | ▼ 70.3% |
| Recurring financial charges65 | €2k | €711 | €1k | €2k | €554 | ▼ 70.3% |
| Profit (loss) for the period before taxes9903 | €37k | €50k | €25k | €19k | €14k | ▼ 25.1% |
| Income taxes67/77 | €10k | €15k | €11k | €7k | €7k | ▲ 0.1% |
| Profit (loss) for the period9904 | €27k | €35k | €15k | €12k | €7k | ▼ 39.7% |
| Profit (loss) for the period to be appropriated9905 | €27k | €35k | €15k | €12k | €7k | ▼ 39.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €137k | €171k | €199k | €183k | €202k | ▲ 10.3% |
| Fixed assets21/28 | €22k | €18k | €21k | €23k | €15k | ▼ 32.1% |
| Tangible fixed assets22/27 | €22k | €18k | €21k | €23k | €15k | ▼ 32.1% |
| Plant, machinery and equipment23 | - | €1k | €4k | €3k | €2k | ▼ 27.6% |
| Furniture and vehicles24 | - | €2k | €6k | €11k | €7k | ▼ 36.9% |
| Other tangible fixed assets26 | - | €14k | €11k | €9k | €6k | ▼ 28.1% |
| Current assets29/58 | €115k | €154k | €178k | €160k | €186k | ▲ 16.3% |
| Amounts receivable within one year40/41 | €92k | €146k | €168k | €148k | €116k | ▼ 21.8% |
| Trade receivables40 | - | €90k | €90k | €101k | €74k | ▼ 27.3% |
| Other amounts receivable41 | - | €56k | €77k | €47k | €42k | ▼ 9.9% |
| Cash at bank and in hand54/58 | €21k | €5k | €7k | €8k | €57k | ▲ 585% |
| Deferred charges and accrued income490/1 | - | €3k | €4k | €4k | €14k | ▲ 249% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €137k | €171k | €199k | €183k | €202k | ▲ 10.3% |
| Equity10/15 | €103k | €130k | €144k | €156k | €164k | ▲ 4.7% |
| Contributions10/11 | - | €20k | €20k | €20k | €20k | = |
| Reserves13 | €83k | €110k | €124k | €136k | €144k | ▲ 5.4% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €0 | ▼ 100% |
| Distributable reserves133 | - | €108k | €122k | €134k | €144k | ▲ 7.0% |
| Profit (loss) carried forward14 | - | €0 | €0 | - | - | - |
| Amounts payable17/49 | €34k | €42k | €55k | €27k | €38k | ▲ 43.2% |
| Amounts payable within one year42/48 | €34k | €42k | €55k | €27k | €38k | ▲ 43.2% |
| Trade debts44 | €5k | €2k | €23k | €11k | €30k | ▲ 178% |
| Suppliers440/4 | - | €2k | €23k | €11k | €30k | ▲ 178% |
| Taxes, remuneration and social security45 | - | €31k | €32k | €16k | €8k | ▼ 51.2% |
| Taxes450/3 | - | €31k | €32k | €16k | €8k | ▼ 51.2% |
| Other amounts payable47/48 | - | €9k | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27k | €35k | €15k | €12k | €7k | ▼ 39.7% |
| + Depreciation and write-downs630 | €5k | €4k | €5k | €9k | €9k | ▲ 2.9% |
| Operating cash flow (approximation) | €32k | €40k | €20k | €21k | €16k | ▼ 21.8% |
| Investment in fixed assets (approximation) | - | €0 | €-9k | €-10k | €-2k | ▲ 82.7% |
| Change in cash | - | €-16k | €2k | €1k | €49k | ▲ 3,625% |
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
2025
01-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Weakest financial yearnet €7k ▼39.7%
Net result drops to €7k, the lowest in the series.
2024
28-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Equity above €150kEq €156k ▲8.5%
6 profitable years in a row build equity to €156k.
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
07-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 7 days late
31-03
Financial
Highest result since 2019net €35k ▲28.6%
Operating result €51k, net result €35k, both a record.
2021
03-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Equity above €100kEq €103k ▲36%
3 profitable years in a row build equity to €103k.
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
25-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Kapellen · 1 establishment unit since 2016
Ground area
1,008 m²
Building footprint
186 m²
Volume, LiDAR
1,089 m³
Parcel 11362M0110/00P000, Flanders · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Four C
since 20162.258.888.191
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11362M0110/00P000 | Flanders | 1,008 m² | 1 · 186 m² | 7.4 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 82,553 companies in sector 70200 we hold annual accounts for 52,585. 40,746 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
Founded22-11-2016
Fiscal year end31-03
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.