GENERAL COMPOSITE DIFFUSION
ActiveSummary
GENERAL COMPOSITE DIFFUSION has been active since 1993 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €104,486 and a net result of -€199. Equity remains stable across the filed financial years (±0.2% per year). Its solvency ranks better than 28% of 10,686 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Financials · financial year 2025, abbreviated format
Equity
€104,486▼ 0.2%
2024 · €104,685
Total assets
€390,332▼ 4.3%
2024 · €408,079
Net result
-€199
2024 · €3,412
Working capital
-€45,063▼ 15.1%
2024 · -€39,139
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 63% below 2024 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€28,323
2025
Net result-€199
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€390,332
2025
Equity€104,486
2025
Debt€285,846
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€45,063
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-0.1%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency26.8%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.62
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)1
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€66,597-€76,931▲ 15.5%€70,216▼ 8.7%€88,862▲ 26.6%€48,435▼ 45.5%€64,885▲ 34.0%€75,792▲ 16.8%€28,323▼ 62.6%
Net result€386-€2,317▲ 499%€2,844within the sector's middle half▲ 22.8%€5,194within the sector's middle half▲ 82.6%€1,211below the sector's middle half▼ 76.7%€1,282below the sector's middle half▲ 5.8%€3,412within the sector's middle half▲ 166%-€199below the sector's middle half
Equity€100,874-€103,191▲ 2.3%€106,035within the sector's middle half▲ 2.8%€111,229within the sector's middle half▲ 4.9%€99,992within the sector's middle half▼ 10.1%€101,274within the sector's middle half▲ 1.3%€104,685within the sector's middle half▲ 3.4%€104,486within the sector's middle half▼ 0.2%
Total assets€590,935-€556,375▼ 5.8%€514,642above the sector's middle half▼ 7.5%€474,598within the sector's middle half▼ 7.8%€439,602within the sector's middle half▼ 7.4%€422,035within the sector's middle half▼ 4.0%€408,079within the sector's middle half▼ 3.3%€390,332within the sector's middle half▼ 4.3%
Debt€455,061-€418,184▼ 8.1%€373,607▼ 10.7%€328,369▼ 12.1%€309,610▼ 5.7%€290,762▼ 6.1%€303,394▲ 4.3%€285,846▼ 5.8%
Working capital-€52,499--€35,869▲ 31.7%-€35,876below the sector's middle half=-€40,438below the sector's middle half▼ 12.7%-€47,912below the sector's middle half▼ 18.5%-€39,334below the sector's middle half▲ 17.9%-€39,139below the sector's middle half▲ 0.5%-€45,063within the sector's middle half▼ 15.1%
Solvency17.1%-18.5%▲ 1.5pp20.6%below the sector's middle half▲ 2.1pp23.4%below the sector's middle half▲ 2.8pp22.7%below the sector's middle half▼ 0.7pp24.0%below the sector's middle half▲ 1.3pp25.7%below the sector's middle half▲ 1.7pp26.8%within the sector's middle half▲ 1.1pp
Current ratio0.47-0.54▲ 0.070.57below the sector's middle half▲ 0.040.59below the sector's middle half▲ 0.020.50below the sector's middle half▼ 0.090.65below the sector's middle half▲ 0.150.63below the sector's middle half▼ 0.020.62within the sector's middle half▼ 0.01
Return on assets (ROA)0.1%-0.4%▲ 0.4pp0.6%below the sector's middle half▲ 0.1pp1.1%below the sector's middle half▲ 0.5pp0.3%below the sector's middle half▼ 0.8pp0.3%below the sector's middle half=0.8%below the sector's middle half▲ 0.5pp-0.1%below the sector's middle half▼ 0.9pp
Staff (FTE)0.91▲ 11.1%1=1within the sector's middle half=
above
within
below
the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €390,332
Fixed assets
€316,410 ▼ 7.5%
Current assets
€73,922 ▲ 12.1%
Equity and liabilities €390,332
Equity
€104,486 ▼ 0.2%
Debt
€285,846 ▼ 5.8%
Debt's share of the balance-sheet total falls from 74.3% to 73.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€48,681▼
2024 · €83,932
Cash flow
€20,160▲
2024 · €11,551
Debt to equity
2.74▼
2024 · 2.90
ROE
-0.2%▼
2024 · 3.3%
Interest coverage
6.05▼
2024 · 10.72
Debt ≤ 1 year
€118,985▲
2024 · €105,058
Debt > 1 year
€166,223▼
2024 · €195,619
Income taxes
€5,595▼
2024 · €19,556
Staff costs
€50,684▲
2024 · €48,266
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €3,852 | €39,889 | €46,092 | €48,266 | €50,684 | ▲ 5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,635 | €5,859 | €3,402 | €5,301 | €5,689 | €2,827 | €8,140 | €20,359 | ▲ 150% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | -€5,000 | - | -€30,000 | - | - |
| Other operating charges640/8 | - | - | - | €2,155 | €15,525 | €3,908 | €3,194 | €3,120 | ▼ 2.3% |
| Non-recurring operating charges66A | - | - | - | - | - | - | - | €1,000 | - |
| Gross operating margin9900 | €70,793 | €84,881 | €77,494 | €100,170 | €104,538 | €117,713 | €105,393 | €103,486 | ▼ 1.8% |
| Operating profit (loss)9901 | €66,597 | €76,931 | €70,216 | €88,862 | €48,435 | €64,885 | €75,792 | €28,323 | ▼ 62.6% |
| Financial income75/76B | - | - | - | - | €73 | €1 | €3 | €118 | ▲ 3,837% |
| Recurring financial income75 | €1 | - | - | - | €73 | €1 | €3 | €118 | ▲ 3,837% |
| Financial charges65/66B | - | - | - | €65,651 | €37,079 | €47,554 | €52,828 | €23,045 | ▼ 56.4% |
| Recurring financial charges65 | €15,463 | €12,609 | €11,566 | €20,651 | €12,079 | €7,554 | €7,828 | €8,045 | ▲ 2.8% |
| Non-recurring financial charges66B | - | - | - | €45,000 | €25,000 | €40,000 | €45,000 | €15,000 | ▼ 66.7% |
| Profit (loss) for the period before taxes9903 | €16,135 | €24,323 | €18,650 | €23,211 | €11,430 | €17,332 | €22,968 | €5,396 | ▼ 76.5% |
| Income taxes67/77 | €15,749 | €22,006 | €15,806 | €18,017 | €10,218 | €16,050 | €19,556 | €5,595 | ▼ 71.4% |
| Profit (loss) for the period9904 | €386 | €2,317 | €2,844 | €5,194 | €1,211 | €1,282 | €3,412 | -€199 | - |
| Profit (loss) for the period to be appropriated9905 | €386 | €2,317 | €2,844 | €5,194 | €1,211 | €1,282 | €3,412 | -€199 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €590,935 | €556,375 | €514,642 | €474,598 | €439,602 | €422,035 | €408,079 | €390,332 | ▼ 4.3% |
| Fixed assets21/28 | €544,825 | €515,085 | €466,788 | €416,487 | €391,697 | €348,540 | €342,160 | €316,410 | ▼ 7.5% |
| Tangible fixed assets22/27 | €39,388 | €49,648 | €41,351 | €36,050 | €36,260 | €33,103 | €71,723 | €60,973 | ▼ 15.0% |
| Land and buildings22 | - | - | - | €29,686 | €27,833 | €25,980 | €24,127 | €22,274 | ▼ 7.7% |
| Plant, machinery and equipment23 | - | - | - | €1,797 | €6,527 | €7,123 | €6,038 | €4,952 | ▼ 18.0% |
| Furniture and vehicles24 | - | - | - | €4,567 | €1,900 | - | €41,559 | €31,066 | ▼ 25.2% |
| Other tangible fixed assets26 | - | - | - | - | - | - | - | €2,681 | - |
| Financial fixed assets28 | €505,437 | €465,437 | €425,437 | €380,437 | €355,437 | €315,437 | €270,437 | €255,437 | ▼ 5.5% |
| Current assets29/58 | €46,109 | €41,290 | €47,853 | €58,111 | €47,905 | €73,495 | €65,919 | €73,922 | ▲ 12.1% |
| Amounts receivable within one year40/41 | €30,772 | €32,370 | €28,364 | €41,341 | €25,576 | €17,900 | €37,458 | €62,512 | ▲ 66.9% |
| Trade receivables40 | - | - | - | €39,858 | €22,292 | €17,222 | €19,981 | €48,687 | ▲ 144% |
| Other amounts receivable41 | - | - | - | €1,483 | €3,284 | €679 | €17,478 | €13,825 | ▼ 20.9% |
| Cash at bank and in hand54/58 | €15,138 | €7,969 | €18,107 | €14,741 | €14,815 | €52,154 | €22,812 | €8,219 | ▼ 64.0% |
| Deferred charges and accrued income490/1 | - | - | - | €2,029 | €7,514 | €3,441 | €5,649 | €3,190 | ▼ 43.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €590,935 | €556,375 | €514,642 | €474,598 | €439,602 | €422,035 | €408,079 | €390,332 | ▼ 4.3% |
| Equity10/15 | €100,874 | €103,191 | €106,035 | €111,229 | €99,992 | €101,274 | €104,685 | €104,486 | ▼ 0.2% |
| Contributions10/11 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Capital10 | - | - | - | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Issued capital100 | - | - | - | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Reserves13 | €18,645 | €18,645 | €18,645 | €18,645 | €36,197 | €36,197 | €42,697 | €42,513 | ▼ 0.4% |
| Non-distributable reserves130/1 | - | - | - | €6,197 | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Legal reserve130 | - | - | - | €6,197 | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Distributable reserves133 | - | - | - | €12,448 | €30,000 | €30,000 | €36,500 | €36,316 | ▼ 0.5% |
| Profit (loss) carried forward14 | €20,255 | €22,572 | €25,416 | €30,610 | €1,821 | €3,103 | €15 | €0 | ▼ 100% |
| Provisions and deferred taxes16 | €35,000 | €35,000 | €35,000 | €35,000 | €30,000 | €30,000 | - | - | - |
| Provisions for liabilities and charges160/5 | - | - | - | €35,000 | €30,000 | €30,000 | - | - | - |
| Major repairs and maintenance162 | - | - | - | €35,000 | €30,000 | €30,000 | - | - | - |
| Amounts payable17/49 | €455,061 | €418,184 | €373,607 | €328,369 | €309,610 | €290,762 | €303,394 | €285,846 | ▼ 5.8% |
| Amounts payable after more than one year17 | €350,803 | €327,496 | €281,775 | €219,704 | €202,514 | €175,132 | €195,619 | €166,223 | ▼ 15.0% |
| Financial debts170/4 | - | - | - | €24,766 | €196,214 | €175,132 | €195,619 | €166,223 | ▼ 15.0% |
| Other amounts payable178/9 | - | - | - | €194,938 | €6,300 | - | - | - | - |
| Amounts payable within one year42/48 | €98,608 | €77,159 | €83,729 | €98,549 | €95,817 | €112,829 | €105,058 | €118,985 | ▲ 13.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €20,031 | €22,560 | €21,082 | €32,001 | €35,503 | ▲ 10.9% |
| Financial debts43 | - | - | - | €11,223 | €11,250 | €14,699 | €26,209 | €1,079 | ▼ 95.9% |
| Credit institutions430/8 | - | - | - | €11,223 | €11,250 | €14,699 | €26,209 | €1,079 | ▼ 95.9% |
| Trade debts44 | €11,698 | €1,605 | €2,765 | €3,090 | €9,837 | €30,592 | €4,549 | €34,340 | ▲ 655% |
| Suppliers440/4 | - | - | - | €3,090 | €9,837 | €30,592 | €4,549 | €34,340 | ▲ 655% |
| Taxes, remuneration and social security45 | - | - | - | €27,205 | €14,197 | €18,573 | €19,799 | €29,064 | ▲ 46.8% |
| Taxes450/3 | - | - | - | €24,538 | €8,415 | €8,576 | €10,150 | €16,206 | ▲ 59.7% |
| Remuneration and social security454/9 | - | - | - | €2,667 | €5,783 | €9,997 | €9,649 | €12,858 | ▲ 33.3% |
| Other amounts payable47/48 | - | - | - | €37,000 | €37,974 | €27,883 | €22,500 | €19,000 | ▼ 15.6% |
| Accrued charges and deferred income492/3 | - | - | - | €10,117 | €11,278 | €2,801 | €2,717 | €637 | ▼ 76.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €386 | €2,317 | €2,844 | €5,194 | €1,211 | €1,282 | €3,412 | -€199 | - |
| + Depreciation and write-downs630 | €2,635 | €5,859 | €3,402 | €5,301 | €5,689 | €2,827 | €8,140 | €20,359 | ▲ 150% |
| Operating cash flow (approximation) | €3,021 | €8,175 | €6,246 | €10,495 | €6,900 | €4,109 | €11,551 | €20,160 | ▲ 74.5% |
| Investment in fixed assets (approximation) | - | €23,882 | €44,895 | €45,000 | €19,101 | €40,330 | -€1,760 | €5,392 | - |
| Change in cash | - | -€7,169 | €10,138 | -€3,367 | €74 | €37,340 | -€29,343 | -€14,592 | ▲ 50.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 31 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 23-07-2026 | 2026-00320569 |
| 31-12-2024 | micro format | 04-07-2025 | 2025-00233978 |
| 31-12-2023 | micro format | 14-06-2024 | 2024-00129633 |
| 31-12-2022 | micro format | 08-08-2023 | 2023-00318644 |
| 31-12-2021 | micro format | 30-06-2022 | 2022-20160385 |
| 31-12-2020 | micro format | 09-08-2021 | 2021-47100027 |
| 31-12-2019 | micro format | 29-09-2020 | 2020-57400130 |
| 31-12-2018 | micro format | 22-08-2019 | 2019-50100449 |
| 31-12-2017 | micro format | 21-08-2018 | 2018-48000044 |
| 31-12-2016 | micro format | 31-08-2017 | 2017-56900043 |
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Of the 82,290 active companies whose main activity is business and other management consultancy (NACE 70200), figures are known for 53,877. 41,681 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.