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Frontline Consulting

Active
Private limited companyfounded 2015active for 11 yearsHervormingsstraat 48, 1050 Elsene, BelgiumKBO/BCE: BE 0630.630.652
Summary

The annual accounts of Frontline Consulting for financial year 2026 show a net loss of 51% of total assets. The 2026 annual accounts show equity of €10,870 and a net result of -€9,251. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 48% of 1,382 sector peers (NACE 70, financial year 2026). The company has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is below 0.1% (very low).

Overview

Official details

Source: KBO
Status
Active since 15-05-2015 Normal situation
Activity
Business and other management consultancy NACE 70200and 1 other
Establishment unit
2.243.546.256 1050 Elsene, since 15-05-2015
Financial year end
31 March
Peppol
Reachable since 03-12-2025

Board and ownership

Board
  • BERDIKYAN NATALIADirector · since 01-05-2015
Shareholders
  • THIBAUT VAN HOVELL TOT WESTERFLIERannual accounts 31-03-2020

Financial position

55 Fair Checked score 2026
Bankruptcy probabilitywithin 12 months
< 0.1%
Annual accounts to 31-03-2026
Gross margin
-€8,708
Loss
€9,251
Equity
€10,870
▼ 46.0%
Total assets
€18,305
▼ 58.0%
Score breakdownraises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearLoss of €9,251 (financial year 2026)lowers riskSize: total assets €18,305Sector: Activities of head offices; management consultancy activities (NACE 70)Liquidity: current ratio 2.44, cash €10,787, halvedShow the evidence

Checked score

Score 2026
55 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 36% of micro companies in head offices and management consultancy (NACE 70)
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick: 2025
Average
Solvency 84+13
equity 59.4% of total assets
Liquidity 81+8
short-term debt 40.6% · cash 58.9%
Profitability 0-88
return on assets -50.5%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (48,544 companies, NACE 70, micro)
Last 24 months 12-2024: < 0.1% 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: 0.1%▲ +0.1 percentage points vs 10-2025highest value 12-2025: < 0.1%▼ -0.1 percentage points vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026lowest value 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026 11-2026: < 0.1%● unchanged vs 10-2026
Credit of up to €500 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is ample, with a current ratio of 2.44 (1.83 in 2025), above the usual 1.5. Short-term debt is 40.6% and cash 58.9% of total assets. 40.6% of the assets are financed with debt and provisions.
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 70, micro). It does better than 54% of them on solvency, 72% on liquidity, 4% on profitability and 14% on growth.

The bankruptcy probability was computed on 04-11-2026 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.

The probability rests on the annual accounts with balance sheet date 31-03-2026.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

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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Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €18,305
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Sector: Activities of head offices; management consultancy activities (NACE 70)
KBO
lowers risk · Liquidity: current ratio 2.44, cash €10,787, halved
NBB · annual accounts
raises risk · Loss of €9,251 (financial year 2026)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 23-10-2026, 8 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2026
8 days early
2025
on the day
2024
17 days early
2023
35 days early
2022
73 days early
2021
121 days early
2020
50 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 43 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 14 October (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
05-11-2026 today31-03-2027 year end31-10-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Caution: Lower net result than 90% of companies in head offices and management consultancysector median €29,933 · 1,382 companies -€9,251 View
  • Positive: Filed on time since financial year 2019accounts within the deadline every year 8 years View

Recent changes

  1. · Gazette deed Reappointment: BERDIKYAN Natalya (sole director)Legal-form conversion: to private limited company
  2. · Gazette deed Incorporation
All 15 events

Comparable companies

These companies have the same main activity as Frontline Consulting: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €16,400 and €20,800, founded between 2014 and 2016.

CompanyTotal assetsGross margin
Frontline Consulting Elsene€18,305-€8,708
TOP INVEST BELGIUM Elsene€16,548-€3,051
Kearney Asset Management Elsene€16,428-€4,370
iPorros Elsene€20,801-€15,176
just-PM Brussel€18,712-€3,733
The Project Factory Etterbeek€19,966-€1,948
Tungsten Light Watermaal-Bosvoorde€17,625-€32,149
Full comparison

Key facts about Frontline Consulting

What is the company number of Frontline Consulting?
The company number of Frontline Consulting is 0630.630.652. The VAT number is the same number with BE in front: BE 0630.630.652.
Where is Frontline Consulting based?
The registered office is at Hervormingsstraat 48, 1050 Elsene.Company details
What does Frontline Consulting do?
According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
What is the legal form of Frontline Consulting?
The legal form of Frontline Consulting is Private limited company (BV).
When was Frontline Consulting founded?
Frontline Consulting was founded on 15-05-2015.
Is Frontline Consulting still active?
Yes, Frontline Consulting is an active enterprise in the KBO register.
What is the turnover of Frontline Consulting?
The annual accounts for financial year 2026 state no turnover.Financials
Is Frontline Consulting profitable?
In financial year 2026, Frontline Consulting made a loss of €9,251.
Where can I find the annual accounts of Frontline Consulting?
Frontline Consulting filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
When are the next annual accounts of Frontline Consulting due?
Frontline Consulting must file the annual accounts for financial year 2027 by 31-10-2027.Timeline

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