G.CONSULTING
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 30-12-2025 PDF all 21 filings
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€45,812▼ 96.0%
2024 · €1.1m
Working capital
€2.9m=
2024 · €2.9m
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
-€59,958
2025
20192025
Net result
€45,812
▼ 96.0%
2025
20192025
Equity
€2.9m
▼ 0.3%
2025
20192025
Total assets
€3.1m
▼ 3.2%
2025
20192025
Debt
€67,136
▼ 58.5%
2025
20192025
Working capital
€2.9m
=
2025
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€0.1m-€0.1m▲ 28.0%€0.3m▲ 88.2%-€0.6m-€0.2m▲ 73.3%€1.0m-€0.06m
Net result€0.06m-€0.1m▲ 61.1%€0.2m▲ 84.5%-€0.6m-€0.2m▲ 75.4%€1.1m€0.05m▼ 96.0%
Equity€2.7m-€2.6m▼ 3.6%€2.8m▲ 7.4%€2.0m▼ 28.9%€1.8m▼ 10.2%€2.9m▲ 63.4%€2.9m▼ 0.3%
Total assets€5.1m-€4.6m▼ 9.7%€4.3m▼ 6.9%€3.1m▼ 28.7%€2.8m▼ 10.2%€3.2m▲ 15.7%€3.1m▼ 3.2%
Debt€2.1m-€1.7m▼ 19.1%€1.2m▼ 30.0%€0.7m▼ 36.3%€0.7m▼ 9.6%€0.2m▼ 76.1%€0.07m▼ 58.5%
Working capital€1.3m-€0.9m▼ 32.3%€0.7m▼ 22.4%€0.7m▼ 6.2%€0.4m▼ 39.9%€2.9m▲ 629%€2.9m=
The operating result for 2025 is a loss of €59,958, after a profit of €1.0m in 2024.
Large changes and their cause
- 2023 Net result +75% on 2022. The accounts now follow the micro format, last year the full format.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.1m
Fixed assets
€162,921 ▼ 5.4%
Current assets
€2.9m ▼ 3.1%
Equity and liabilities €3.1m
Equity
€2.9m ▼ 0.3%
Provisions
€122,227 =
Debt
€67,136 ▼ 58.5%
Debt's share of the balance-sheet total falls from 5.1% to 2.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€48,859▼
2024 · €1.0m
Cash flow
€56,911▼
2024 · €1.1m
Current ratio
50.76▲
2024 · 19.85
Debt to equity
0.02▼
2024 · 0.06
ROE
1.6%▼
2024 · 38.8%
ROA
1.5%▼
2024 · 35.4%
Interest coverage
-3.04▼
2024 · 83.80
Debt ≤ 1 year
€57,855▼
2024 · €152,687
Income taxes
-€10,373▼
2024 · €146,099
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €1,198 | €9,755 | €27,314 | €1,802 |
| Depreciation and write-downs of the year | €73,876 | €73,809 | €10,516 | €11,099 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.09m | €0.1m | €0.1m | €0.07m | €0.07m | €0.01m | €0.01m | ▲ 5.5% |
| Other operating charges640/8 | - | - | - | €0.06m | €0.003m | €0.002m | €0.006m | ▲ 245% |
| Non-recurring operating charges66A | - | - | - | €0.7m | - | - | €0.005m | - |
| Gross operating margin9900 | €0.2m | €0.4m | €0.4m | €0.2m | -€0.09m | €1.0m | -€0.04m | - |
| Operating profit (loss)9901 | €0.1m | €0.1m | €0.3m | -€0.6m | -€0.2m | €1.0m | -€0.06m | - |
| Financial income75/76B | - | - | - | €0.03m | €0.02m | €0.07m | €0.1m | ▲ 49.5% |
| Recurring financial income75 | €0.07m | €0.04m | €0.04m | €0.03m | €0.02m | €0.07m | €0.1m | ▲ 49.5% |
| Financial charges65/66B | - | - | - | €0.01m | €0.009m | €0.01m | €0.02m | ▲ 29.0% |
| Recurring financial charges65 | €0.08m | €0.03m | €0.02m | €0.01m | €0.009m | €0.01m | €0.02m | ▲ 29.0% |
| Profit (loss) for the period before taxes9903 | €0.1m | €0.1m | €0.3m | -€0.6m | -€0.2m | €1.1m | €0.04m | ▼ 96.8% |
| Transfer from deferred taxes780 | - | - | - | €0.006m | €0.005m | €0.2m | - | - |
| Income taxes67/77 | €0.04m | €0.05m | €0.08m | €0.001m | €1 | €0.1m | -€0.01m | - |
| Profit (loss) for the period9904 | €0.06m | €0.1m | €0.2m | -€0.6m | -€0.2m | €1.1m | €0.05m | ▼ 96.0% |
| Transfer from tax-exempt reserves789 | - | - | - | €0.01m | €0.02m | €0.6m | - | - |
| Profit (loss) for the period to be appropriated9905 | €0.08m | €0.1m | €0.2m | -€0.6m | -€0.1m | €1.7m | €0.05m | ▼ 97.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €5.1m | €4.6m | €4.3m | €3.1m | €2.8m | €3.2m | €3.1m | ▼ 3.2% |
| Fixed assets21/28 | €3.7m | €3.6m | €3.5m | €2.3m | €2.2m | €0.2m | €0.2m | ▼ 5.4% |
| Tangible fixed assets22/27 | €3.7m | €3.6m | €3.5m | €2.3m | €2.2m | €0.2m | €0.2m | ▼ 5.4% |
| Land and buildings22 | - | - | - | €2.1m | €2.1m | - | - | - |
| Furniture and vehicles24 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 5.4% |
| Financial fixed assets28 | €200 | €200 | €200 | €200 | €200 | - | - | - |
| Current assets29/58 | €1.5m | €1.1m | €0.9m | €0.8m | €0.6m | €3.0m | €2.9m | ▼ 3.1% |
| Amounts receivable after more than one year29 | - | - | - | €0.4m | €0.4m | €0.4m | €0.5m | ▲ 10.1% |
| Other amounts receivable291 | - | - | - | €0.4m | €0.4m | €0.4m | €0.5m | ▲ 10.1% |
| Amounts receivable within one year40/41 | €0.1m | €0.07m | €0.06m | €0.09m | €0.06m | €0.1m | €0.06m | ▼ 56.7% |
| Trade receivables40 | - | - | - | €0.01m | €0.005m | €0.005m | - | - |
| Other amounts receivable41 | - | - | - | €0.08m | €0.06m | €0.1m | €0.06m | ▼ 55.1% |
| Current investments50/53 | €0.3m | €0.3m | - | - | - | €2.4m | €2.3m | ▼ 2.4% |
| Cash at bank and in hand54/58 | €0.2m | €0.2m | €0.3m | €0.3m | €0.1m | €0.05m | €0.05m | ▲ 2.3% |
| Deferred charges and accrued income490/1 | - | - | - | €0.001m | €0.002m | €428 | €0.001m | ▲ 102% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €5.1m | €4.6m | €4.3m | €3.1m | €2.8m | €3.2m | €3.1m | ▼ 3.2% |
| Equity10/15 | €2.7m | €2.6m | €2.8m | €2.0m | €1.8m | €2.9m | €2.9m | ▼ 0.3% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €1.3m | €1.1m | €1.1m | €0.9m | €0.8m | €0.3m | €0.2m | ▼ 20.0% |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Reserves not available under the articles1311 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Tax-exempt reserves132 | - | - | - | €0.5m | €0.6m | - | - | - |
| Distributable reserves133 | - | - | - | €0.4m | €0.3m | €0.3m | €0.2m | ▼ 20.5% |
| Profit (loss) carried forward14 | €1.4m | €1.5m | €1.7m | €1.1m | €0.9m | €2.6m | €2.7m | ▲ 1.7% |
| Provisions and deferred taxes16 | €0.4m | €0.4m | €0.4m | €0.3m | €0.3m | €0.1m | €0.1m | = |
| Provisions for liabilities and charges160/5 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Pensions and similar obligations160 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Deferred taxes168 | - | - | - | €0.2m | €0.2m | - | - | - |
| Amounts payable17/49 | €2.1m | €1.7m | €1.2m | €0.7m | €0.7m | €0.2m | €0.07m | ▼ 58.5% |
| Amounts payable after more than one year17 | €1.9m | €1.5m | €1.0m | €0.6m | €0.5m | - | - | - |
| Financial debts170/4 | - | - | - | €0.6m | €0.5m | - | - | - |
| Amounts payable within one year42/48 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.06m | ▼ 62.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.08m | €0.08m | - | - | - |
| Trade debts44 | €0.004m | €0.002m | €0.006m | €0.007m | €0.006m | €0.006m | €0.003m | ▼ 54.0% |
| Suppliers440/4 | - | - | - | €0.007m | €0.006m | €0.006m | €0.003m | ▼ 54.0% |
| Taxes, remuneration and social security45 | - | - | - | €0.01m | €0.02m | €0.1m | €0.003m | ▼ 98.1% |
| Taxes450/3 | - | - | - | €0.01m | €0.02m | €0.1m | €0.003m | ▼ 98.1% |
| Other amounts payable47/48 | - | - | - | €0.05m | €0.06m | €0.001m | €0.05m | ▲ 66× |
| Accrued charges and deferred income492/3 | - | - | - | €0.009m | €0.009m | €0.009m | €0.009m | = |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.06m | €0.1m | €0.2m | -€0.6m | -€0.2m | €1.1m | €0.05m | ▼ 96.0% |
| + Depreciation and write-downs630 | €0.09m | €0.1m | €0.1m | €0.07m | €0.07m | €0.01m | €0.01m | ▲ 5.5% |
| Operating cash flow (approximation) | €0.2m | €0.2m | €0.3m | -€0.5m | -€0.08m | €1.1m | €0.06m | ▼ 95.0% |
| Investment in fixed assets (approximation) | - | -€0.03m | -€1 | €1.1m | -€0.01m | €2.0m | -€0.002m | - |
| Change in cash | - | -€0.06m | €0.1m | €0.04m | -€0.2m | -€0.08m | €0.001m | - |
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, 14,766 companies had the same profile as G.CONSULTING has now. Two years later, 96.2% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
96.2%
was still going
3.5%
stopped otherwise
0.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of G.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 14,766 companies, not a prediction for G.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 21 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 30-12-2025 | 2025-00592424 | |
| 30-06-2024 | micro format | 29-01-2025 | 2025-00013622 | |
| 30-06-2023 | micro format | 12-01-2024 | 2024-00002317 | |
| 30-06-2022 | full format | 26-01-2023 | 2023-00006728 | |
| 30-06-2021 | full format | 31-01-2022 | 2022-04300165 | |
| 30-06-2020 | full format | 26-02-2021 | 2021-06400521 | |
| 30-06-2019 | full format | 23-01-2020 | 2020-02000457 | |
| 30-06-2018 | full format | 12-02-2019 | 2019-05000358 | |
| 30-06-2017 | full format | 19-12-2017 | 2017-72300340 | |
| 31-12-2015 | full format | 20-09-2016 | 2016-60400116 |