GRADATUS
ActiveSummary
GRADATUS has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11,575 and a net result of €6,331. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 19% of 31942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▼-17
Solvency39▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.94 against 0.85 in 2024; short-term debt: 85.9% of total assets), and 85.9% of the assets are financed with debt.
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Signals
Three 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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 31942 sector peers (2025).
NBB · sector comparisonPosition among 31942 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
31 d late
2024
28 d late
2023
30 d late
2022
31 d late
2021
2 d late
2020
26 d late
2019
50 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 28 days after 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 31 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€11,575▲ 121%
2024 · €5,244
Total assets
€82,124▲ 3.8%
2024 · €79,087
Net result
€6,331▼ 62.0%
2024 · €16,642
Working capital
-€4,182▲ 63.4%
2024 · -€11,418
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€53,093▲ 24.3%€9,728▼ 81.7%-€39,194€18,964€10,976▼ 42.1%
Net result€37,540within the sector's middle half▼ 8.7%€2,884within the sector's middle half▼ 92.3%-€41,119below the sector's middle half€16,642within the sector's middle half€6,331within the sector's middle half▼ 62.0%
Equity€26,836below the sector's middle half€29,720within the sector's middle half▲ 10.7%-€11,398below the sector's middle half€5,244below the sector's middle half€11,575below the sector's middle half▲ 121%
Total assets€59,679below the sector's middle half▲ 55.1%€109,269within the sector's middle half▲ 83.1%€116,890within the sector's middle half▲ 7.0%€79,087below the sector's middle half▼ 32.3%€82,124within the sector's middle half▲ 3.8%
Debt€32,843▼ 33.2%€79,549▲ 142%€128,288▲ 61.3%€73,843▼ 42.4%€70,549▼ 4.5%
Working capital€19,940within the sector's middle half€11,818within the sector's middle half▼ 40.7%-€29,553below the sector's middle half-€11,418below the sector's middle half▲ 61.4%-€4,182below the sector's middle half▲ 63.4%
Solvency45.0%within the sector's middle half▲ 72.8pp27.2%within the sector's middle half▼ 17.8pp-9.8%below the sector's middle half▼ 37.0pp6.6%below the sector's middle half▲ 16.4pp14.1%below the sector's middle half▲ 7.5pp
Current ratio1.61within the sector's middle half▲ 0.911.15within the sector's middle half▼ 0.460.77below the sector's middle half▼ 0.380.85below the sector's middle half▲ 0.080.94below the sector's middle half▲ 0.10
Return on assets (ROA)62.9%above the sector's middle half▼ 43.9pp2.6%within the sector's middle half▼ 60.3pp-35.2%below the sector's middle half▼ 37.8pp21.0%within the sector's middle half▲ 56.2pp7.7%within the sector's middle half▼ 13.3pp
Staff (FTE)12▲ 100%4.3▲ 115%1.3▼ 69.8%1▼ 23.1%
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 per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 42% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €82,124
Fixed assets
€15,757 ▼ 5.4%
Current assets
€66,367 ▲ 6.3%
Equity and liabilities €82,124
Equity
€11,575 ▲ 121%
Debt
€70,549 ▼ 4.5%
Debt's share of the balance-sheet total falls from 93.4% to 85.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€13,533▼
2024 · €21,205
Cash flow
€8,888▼
2024 · €18,883
Debt to equity
6.09▼
2024 · 14.08
ROE
54.7%▼
2024 · 317.3%
Interest coverage
12.02▼
2024 · 19.72
Debt ≤ 1 year
€70,549▼
2024 · €73,843
Income taxes
€4,830▲
2024 · €3,599
Staff costs
€48,712▼
2024 · €108,064
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,706 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 10 to 30%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 6,706 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €17 | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | €88,679 | €174,057 | €108,064 | €48,712 | ▼ 54.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,441 | €2,478 | €2,240 | €2,240 | €2,557 | ▲ 14.1% |
| Other operating charges640/8 | €2,068 | €1,643 | €7,478 | €449 | €1,137 | ▲ 153% |
| Gross operating margin9900 | €56,602 | €102,528 | €144,581 | €129,718 | €63,382 | ▼ 51.1% |
| Operating profit (loss)9901 | €53,093 | €9,728 | -€39,194 | €18,964 | €10,976 | ▼ 42.1% |
| Financial income75/76B | €523 | €796 | €1,461 | €2,352 | €1,310 | ▼ 44.3% |
| Recurring financial income75 | €523 | €796 | €1,461 | €2,352 | €1,310 | ▼ 44.3% |
| Financial charges65/66B | €3,436 | €3,045 | €2,876 | €1,075 | €1,126 | ▲ 4.7% |
| Recurring financial charges65 | €3,436 | €3,045 | €2,876 | €1,075 | €1,126 | ▲ 4.7% |
| Profit (loss) for the period before taxes9903 | €50,180 | €7,479 | -€40,609 | €20,241 | €11,160 | ▼ 44.9% |
| Income taxes67/77 | €12,640 | €4,595 | €510 | €3,599 | €4,830 | ▲ 34.2% |
| Profit (loss) for the period9904 | €37,540 | €2,884 | -€41,119 | €16,642 | €6,331 | ▼ 62.0% |
| Profit (loss) for the period to be appropriated9905 | €37,540 | €2,884 | -€41,119 | €16,642 | €6,331 | ▼ 62.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €59,679 | €109,269 | €116,890 | €79,087 | €82,124 | ▲ 3.8% |
| Fixed assets21/28 | €7,243 | €18,613 | €18,903 | €16,662 | €15,757 | ▼ 5.4% |
| Tangible fixed assets22/27 | €7,093 | €18,463 | €16,223 | €13,982 | €13,077 | ▼ 6.5% |
| Furniture and vehicles24 | €783 | €568 | €307 | €46 | €1,121 | ▲ 2,311% |
| Other tangible fixed assets26 | €6,310 | €17,895 | €15,916 | €13,936 | €11,956 | ▼ 14.2% |
| Financial fixed assets28 | €150 | €150 | €2,680 | €2,680 | €2,680 | = |
| Current assets29/58 | €52,436 | €90,657 | €97,987 | €62,425 | €66,367 | ▲ 6.3% |
| Amounts receivable after more than one year29 | - | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Other amounts receivable291 | - | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Amounts receivable within one year40/41 | €50,636 | €37,378 | €38,374 | €2,356 | €15,057 | ▲ 539% |
| Trade receivables40 | €35,942 | €37,378 | €38,374 | €2,356 | €15,050 | ▲ 539% |
| Other amounts receivable41 | €14,693 | - | - | - | €7 | - |
| Cash at bank and in hand54/58 | €1,277 | €2,594 | €7,618 | €8,758 | - | - |
| Deferred charges and accrued income490/1 | €523 | €686 | €1,996 | €1,310 | €1,310 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €59,679 | €109,269 | €116,890 | €79,087 | €82,124 | ▲ 3.8% |
| Equity10/15 | €26,836 | €29,720 | -€11,398 | €5,244 | €11,575 | ▲ 121% |
| Contributions10/11 | €15,000 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Reserves13 | €11,836 | €14,720 | €69 | €69 | €69 | = |
| Non-distributable reserves130/1 | €69 | €69 | €69 | €69 | €69 | = |
| Reserves not available under the articles1311 | €69 | €69 | €69 | €69 | €69 | = |
| Distributable reserves133 | €11,767 | €14,651 | - | - | - | - |
| Profit (loss) carried forward14 | - | - | -€26,467 | -€9,825 | -€3,494 | ▲ 64.4% |
| Amounts payable17/49 | €32,843 | €79,549 | €128,288 | €73,843 | €70,549 | ▼ 4.5% |
| Amounts payable within one year42/48 | €32,496 | €78,838 | €127,541 | €73,843 | €70,549 | ▼ 4.5% |
| Financial debts43 | - | - | - | - | €996 | - |
| Credit institutions430/8 | - | - | - | - | €996 | - |
| Trade debts44 | €4,049 | €9,277 | €9,211 | €12,313 | €15,568 | ▲ 26.4% |
| Suppliers440/4 | €4,049 | €9,277 | €9,211 | €12,313 | €15,568 | ▲ 26.4% |
| Taxes, remuneration and social security45 | €28,446 | €55,165 | €102,969 | €44,439 | €36,421 | ▼ 18.0% |
| Taxes450/3 | €20,492 | €39,311 | €63,533 | €19,240 | €26,551 | ▲ 38.0% |
| Remuneration and social security454/9 | €7,954 | €15,853 | €39,437 | €25,199 | €9,870 | ▼ 60.8% |
| Other amounts payable47/48 | - | €14,397 | €15,360 | €17,091 | €17,565 | ▲ 2.8% |
| Accrued charges and deferred income492/3 | €348 | €711 | €748 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €37,540 | €2,884 | -€41,119 | €16,642 | €6,331 | ▼ 62.0% |
| + Depreciation and write-downs630 | €1,441 | €2,478 | €2,240 | €2,240 | €2,557 | ▲ 14.1% |
| Operating cash flow (approximation) | €38,981 | €5,362 | -€38,878 | €18,883 | €8,888 | ▼ 52.9% |
| Investment in fixed assets (approximation) | - | -€13,848 | -€2,530 | €0 | -€1,652 | - |
| Change in cash | - | €1,316 | €5,025 | €1,140 | - | - |
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
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Back to profitnet €16,642
Net result €16,642 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
02-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 1.61
Current ratio from 0.71 to 1.61; short-term debt falls from €49,173 to €32,496.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
31-12
Financial
Back to profitnet €41,097
Net result €41,097 after 2 loss-making years.
19-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 50 days late
2019
31-12
Financial
Weakest financial yearnet -€45,575
Net result drops to -€45,575, the lowest in the series; recovery starts the following year.
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Tongeren-Borgloon · 1 establishment unit since 2016
Ground area
391 m²
Building footprint
92 m²
Parcel 73347A0524/00F000, Flanders. Linked by address, not a title deed.
1 establishment unit
Gradatus
since 20162.258.201.174
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73347A0524/00F000 | Flanders | 391 m² | 1 · 92 m² | - |
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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 2,624 EUR awarded · 2,624 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 825 EUR | 1,604 EUR |
| 2024 | 1 | 779 EUR | 0 EUR |
| 2022 | 1 | 1,020 EUR | 1,020 EUR |
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Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 24,612 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
Founded14-10-2016
Fiscal year end31-12
Activities, NACEBEL 2025
46500Wholesale of information and communication equipment
70200Business and other management consultancy
47110Non-specialised retail sale with food, beverages or tobacco predominating
47120Other non-specialised retail sale
47210Retail sale of fruit and vegetables
62100Computer programming
62200Computer consultancy and computer facilities management
62900Other information technology and computer services
85599Other education
93130Fitness centres
E-invoicing
Reachable via Peppol
Peppol ID
0208:0664659836
Also
9925:BE0664659836
Registered
05-02-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.