FRL CONSULT
ActiveSummary
FRL CONSULT has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €14,344 and a net result of €97,764. Equity is shrinking by ~21.5% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 12% of 32629 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
What they do
Business and other management consultancy
NACE 70200Business consulting NACE 70220
1 site
How big
€308,697total assets 2025
- Equity
- €14,344
- Profit
- €97,764
Turnover not published (abridged schema)
Who decides
Accounts 109 d early0 of 1 deed read
Why 63- Limited track record- Higher-failure-rate region- Weak solvency vs sector+ Lower-failure-rate sector+ Annual accounts: healthy financial profileLatest accounts filed on timeShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency30▼-7
Growth58=
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.04 against 1.12 in 2024; short-term debt: 95.4% and cash: 30.5% of total assets), and 95.4% of the assets are financed with debt.
Credit check for your own amount and term
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 · 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
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
4.6%
Return on assets
31.7%
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 12% of 32629 sector peers (2025).
NBB · sector comparisonPosition among 32629 sector peers
Solvency
better than 12%
← weakest
strongest →
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 13-04-2026, 109 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
109 d early
2024
21 d early
2023
26 d late
2022
40 d early
2021
30 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 35 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 1 July (4 of the last 5 filed years within 57 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Highest result since 2021net €97,764 ▲10.4%
- Annual accounts filedfiscal year 2024 · micro…
Financials
Fiscal year 2025Total assets €308,697Profit €97,764Solvency 4.6%Liquidity 1.04
Total assets
€308,697▲ 15.4%
2021 - 2025
Net result
€97,764▲ 10.4%
2021 - 2025
Equity
€14,344▼ 53.8%
2021 - 2025
Solvency
4.6%▼ 7.0pp
2021 - 2025
Financials · fiscal year 2025, micro schema
Trend over the years
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
Line20212022202320242025
Operating result€110,813-€105,793▼ 4.5%€108,753▲ 2.8%€110,081▲ 1.2%€119,489▲ 8.5%
Net result€88,038above the sector's middle half-€84,627above the sector's middle half▼ 3.9%€87,345above the sector's middle half▲ 3.2%€88,570above the sector's middle half▲ 1.4%€97,764above the sector's middle half▲ 10.4%
Equity€90,538within the sector's middle half-€175,165within the sector's middle half▲ 93.5%€262,510above the sector's middle half▲ 49.9%€31,079within the sector's middle half▼ 88.2%€14,344below the sector's middle half▼ 53.8%
Total assets€126,452within the sector's middle half-€227,670within the sector's middle half▲ 80.0%€314,280within the sector's middle half▲ 38.0%€267,517within the sector's middle half▼ 14.9%€308,697within the sector's middle half▲ 15.4%
Debt€35,914-€52,505▲ 46.2%€51,770▼ 1.4%€236,438▲ 357%€294,353▲ 24.5%
Working capital€93,225within the sector's middle half-€169,669above the sector's middle half▲ 82.0%€258,187above the sector's middle half▲ 52.2%€27,930within the sector's middle half▼ 89.2%€12,368within the sector's middle half▼ 55.7%
Solvency71.6%within the sector's middle half-76.9%within the sector's middle half▲ 5.3pp83.5%above the sector's middle half▲ 6.6pp11.6%below the sector's middle half▼ 71.9pp4.6%below the sector's middle half▼ 7.0pp
Current ratio3.81within the sector's middle half-4.23within the sector's middle half▲ 0.425.99above the sector's middle half▲ 1.761.12within the sector's middle half▼ 4.871.04within the sector's middle half▼ 0.08
Return on assets (ROA)69.6%above the sector's middle half-37.2%above the sector's middle half▼ 32.5pp27.8%within the sector's middle half▼ 9.4pp33.1%above the sector's middle half▲ 5.3pp31.7%within the sector's middle half▼ 1.4pp
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 and balance sheet
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 9% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €308,697
Fixed assets
€1,976 ▼ 37.3%
Current assets
€306,721 ▲ 16.0%
Equity and liabilities €308,697
Equity
€14,344 ▼ 53.8%
Debt
€294,353 ▲ 24.5%
Debt's share of the balance-sheet total rises from 88.4% to 95.4%. Equity is lower and debt is higher.
Key figures and ratios
Key figures and ratios
EBITDA
€120,663▲
2024 · €111,254
Cash flow
€98,938▲
2024 · €89,743
Debt to equity
20.52▲
2024 · 7.61
ROE
681.6%▲
2024 · 285.0%
Interest coverage
1571.54▲
2024 · 1478.66
Debt ≤ 1 year
€294,353▲
2024 · €236,438
Income taxes
€24,948▲
2024 · €23,597
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,153 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 2,153 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.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €415 | €1,174 | €1,174 | €1,174 | = |
| Other operating charges640/8 | €348 | €354 | €384 | €486 | €400 | ▼ 17.8% |
| Gross operating margin9900 | €111,160 | €106,562 | €110,311 | €111,741 | €121,063 | ▲ 8.3% |
| Operating profit (loss)9901 | €110,813 | €105,793 | €108,753 | €110,081 | €119,489 | ▲ 8.5% |
| Financial income75/76B | - | - | €1,346 | €2,161 | €3,300 | ▲ 52.7% |
| Recurring financial income75 | - | - | €1,346 | €2,161 | €3,300 | ▲ 52.7% |
| Financial charges65/66B | €47 | €54 | €54 | €75 | €77 | ▲ 2.0% |
| Recurring financial charges65 | €47 | €54 | €54 | €75 | €77 | ▲ 2.0% |
| Profit (loss) for the period before taxes9903 | €110,766 | €105,739 | €110,045 | €112,166 | €122,713 | ▲ 9.4% |
| Income taxes67/77 | €22,728 | €21,112 | €22,700 | €23,597 | €24,948 | ▲ 5.7% |
| Profit (loss) for the period9904 | €88,038 | €84,627 | €87,345 | €88,570 | €97,764 | ▲ 10.4% |
| Profit (loss) for the period to be appropriated9905 | €88,038 | €84,627 | €87,345 | €88,570 | €97,764 | ▲ 10.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €126,452 | €227,670 | €314,280 | €267,517 | €308,697 | ▲ 15.4% |
| Fixed assets21/28 | €43 | €5,496 | €4,323 | €3,149 | €1,976 | ▼ 37.3% |
| Tangible fixed assets22/27 | - | €5,453 | €4,279 | €3,106 | €1,932 | ▼ 37.8% |
| Furniture and vehicles24 | - | €5,453 | €4,279 | €3,106 | €1,932 | ▼ 37.8% |
| Financial fixed assets28 | €43 | €43 | €43 | €43 | €43 | = |
| Current assets29/58 | €126,408 | €222,174 | €309,957 | €264,368 | €306,721 | ▲ 16.0% |
| Amounts receivable within one year40/41 | €27,260 | €27,260 | €49,532 | €159,468 | €211,052 | ▲ 32.3% |
| Trade receivables40 | €27,260 | €27,260 | €12,952 | €13,763 | €16,000 | ▲ 16.3% |
| Other amounts receivable41 | - | - | €36,580 | €145,705 | €195,052 | ▲ 33.9% |
| Cash at bank and in hand54/58 | €99,148 | €194,914 | €259,769 | €103,653 | €94,064 | ▼ 9.3% |
| Deferred charges and accrued income490/1 | - | - | €656 | €1,248 | €1,606 | ▲ 28.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €126,452 | €227,670 | €314,280 | €267,517 | €308,697 | ▲ 15.4% |
| Equity10/15 | €90,538 | €175,165 | €262,510 | €31,079 | €14,344 | ▼ 53.8% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Profit (loss) carried forward14 | €88,038 | €172,665 | €260,010 | €28,579 | €11,844 | ▼ 58.6% |
| Amounts payable17/49 | €35,914 | €52,505 | €51,770 | €236,438 | €294,353 | ▲ 24.5% |
| Amounts payable within one year42/48 | €33,184 | €52,505 | €51,770 | €236,438 | €294,353 | ▲ 24.5% |
| Trade debts44 | €150 | €926 | €264 | €162 | €1,372 | ▲ 745% |
| Suppliers440/4 | €150 | €926 | €264 | €162 | €1,372 | ▲ 745% |
| Taxes, remuneration and social security45 | €32,867 | €51,579 | €51,506 | €36,276 | €13,520 | ▼ 62.7% |
| Taxes450/3 | €30,584 | €43,840 | €51,506 | €33,876 | €13,520 | ▼ 60.1% |
| Remuneration and social security454/9 | €2,283 | €7,739 | - | €2,400 | - | - |
| Other amounts payable47/48 | €167 | - | - | €200,000 | €279,461 | ▲ 39.7% |
| Accrued charges and deferred income492/3 | €2,730 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €88,038 | €84,627 | €87,345 | €88,570 | €97,764 | ▲ 10.4% |
| + Depreciation and write-downs630 | - | €415 | €1,174 | €1,174 | €1,174 | = |
| Operating cash flow (approximation) | €88,038 | €85,042 | €88,518 | €89,743 | €98,938 | ▲ 10.2% |
| Investment in fixed assets (approximation) | - | -€5,868 | €0 | €0 | €0 | - |
| Change in cash | - | €95,766 | €64,856 | -€156,116 | -€9,589 | ▲ 93.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector, comparable size
Spoon de Luxe
BE 0733.524.391
Gent · Eq €14,343
JMVB Management
BE 0782.715.071
Beveren-Kruibeke-Zwijndrecht · Eq €14,346
N.I.K.O.
BE 1005.339.771
Aarschot · Eq €14,347
MANHU'R
BE 0456.538.022
Menen · Eq €14,348
Bv.Alere
BE 0800.920.486
Diepenbeek · Eq €14,350
Of 82,601 companies in this sector we hold annual accounts for 52,629. 27,015 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Timeline
9 eventsLatest 13-04-2026Next filing 31-07-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2021net €97,764 ▲10.4%
Operating result €119,489, net result €97,764, both a record.
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
31-12
Financial
Equity above €200,000Eq €262,510 ▲49.9%
3 profitable years in a row build equity to €262,510.
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €84,627 ▼3.9%
Net result drops to €84,627, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €150,000Eq €175,165 ▲93.5%
2 profitable years in a row build equity to €175,165.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
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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Company details
Private limited company · founded 03-02-2021Year ends 31-12Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company
Founded03-02-2021
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
73300Public relations and communication consultancy
82100Office administrative and support services
Contact
E-mail
francoise@lambert-marquage.be
Phone
+32494816597
E-invoicing
Reachable via Peppol
Peppol ID
0208:0762885994
Registered
05-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Liège · 1 establishment unit since 2021
Ground area
219 m²
Building footprint
75 m²
Volume, LiDAR
992 m³
Parcel 62813E0166/00P005, Wallonia · tallest building 14.8 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
FRL CONSULT
since 2021unit no. 2.313.010.332
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62813E0166/00P005 | Wallonia | 219 m² | 1 · 75 m² | 14.8 m · 4 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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