HCL CONSULT
ActiveSummary
HCL CONSULT has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.2m and a net result of €277,146. Equity is growing by ~31.2% per year across the filed fiscal years. Its solvency ranks better than 70% of 32023 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability90▲+31
Solvency100▲+2
Growth85=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100,000 at 30 days acceptable
Liquidity ample (current ratio 3.02 against 2.83 in 2024; short-term debt: 13.2% and cash: 4.7% of total assets), and 25.3% of the assets are financed with debt.
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Signals
Five 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 →
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
74.7%
Return on assets
17%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 10 filingsDeviation from the deadline
2025
28 d late
2024
43 d early
2023
56 d late
2022
3 d early
2021
109 d late
2020
40 d early
2019
194 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 43 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 28 August (4 of the last 5 filed years within 71 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€465,000▼ 8.8%
2022 · €510,000
EBIT margin
77.7%▼ 4.0pp
2022 · 81.7%
Net result
€277,146▲ 125%
2024 · €123,382
Working capital
€434,685▲ 35.9%
2024 · €319,924
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
Turnover€397,859▲ 0.7%€510,000▲ 28.2%€465,000▼ 8.8%
Operating result€283,344▲ 46.2%€416,721▲ 47.1%€361,532▼ 13.2%€204,687▼ 43.4%€387,295▲ 89.2%
Net result€196,199within the sector's middle half▲ 57.0%€282,687above the sector's middle half▲ 44.1%€220,170above the sector's middle half▼ 22.1%€123,382above the sector's middle half▼ 44.0%€277,146above the sector's middle half▲ 125%
EBIT margin71.2%▲ 22.2pp81.7%▲ 10.5pp77.7%▼ 4.0pp
Equity€436,280within the sector's middle half▲ 81.7%€718,967within the sector's middle half▲ 64.8%€939,138above the sector's middle half▲ 30.6%€1.0mabove the sector's middle half▲ 10.8%€1.2mabove the sector's middle half▲ 17.0%
Total assets€1.2mwithin the sector's middle half▲ 20.5%€1.2mwithin the sector's middle half▼ 0.2%€1.4mabove the sector's middle half▲ 14.7%€1.4mabove the sector's middle half▲ 2.3%€1.6mabove the sector's middle half▲ 15.0%
Debt€774,195▲ 1.3%€489,072▼ 36.8%€446,595▼ 8.7%€376,527▼ 15.7%€412,457▲ 9.5%
Working capital-€79,909within the sector's middle half▲ 67.3%€166,631within the sector's middle half€297,527above the sector's middle half▲ 78.6%€319,924above the sector's middle half▲ 7.5%€434,685above the sector's middle half▲ 35.9%
Solvency36.0%within the sector's middle half▲ 12.1pp59.5%within the sector's middle half▲ 23.5pp67.8%within the sector's middle half▲ 8.3pp73.4%within the sector's middle half▲ 5.7pp74.7%within the sector's middle half▲ 1.3pp
Current ratio0.77within the sector's middle half▲ 0.522.70within the sector's middle half▲ 1.932.80within the sector's middle half▲ 0.102.83within the sector's middle half▲ 0.033.02within the sector's middle half▲ 0.19
Return on assets (ROA)16.2%above the sector's middle half▲ 3.8pp23.4%above the sector's middle half▲ 7.2pp15.9%within the sector's middle half▼ 7.5pp8.7%within the sector's middle half▼ 7.2pp17.0%within the sector's middle half▲ 8.3pp
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.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 89% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets
€980,761 ▲ 6.3%
Current assets
€649,861 ▲ 31.4%
Equity and liabilities €1.6m
Equity
€1.2m ▲ 17.0%
Debt
€412,457 ▲ 9.5%
Debt's share of the balance-sheet total falls from 26.6% to 25.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€390,895
Cash flow
€280,745
Debt to equity
0.34▼
2024 · 0.36
ROE
22.8%▲
2024 · 11.9%
Interest coverage
22.42
Debt ≤ 1 year
€215,176▲
2024 · €174,623
Debt > 1 year
€197,281▼
2024 · €201,904
Income taxes
€92,725▲
2024 · €58,589
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €397,859 | €510,000 | €465,000 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €107,521 | €85,866 | €104,581 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,473 | €7,074 | - | - | €3,599 | - |
| Other operating charges640/8 | €2,521 | €339 | €916 | €3,593 | €843 | ▼ 76.5% |
| Non-recurring operating charges66A | - | - | €2,994 | - | - | - |
| Gross operating margin9900 | €290,338 | €424,134 | €365,441 | €208,280 | €391,738 | ▲ 88.1% |
| Operating profit (loss)9901 | €283,344 | €416,721 | €361,532 | €204,687 | €387,295 | ▲ 89.2% |
| Financial income75/76B | €4 | - | - | - | €12 | - |
| Recurring financial income75 | €4 | - | - | - | €12 | - |
| Financial charges65/66B | €24,620 | €22,387 | €26,388 | €22,716 | €17,437 | ▼ 23.2% |
| Recurring financial charges65 | €24,620 | €22,387 | €26,388 | €22,716 | €17,437 | ▼ 23.2% |
| Profit (loss) for the period before taxes9903 | €258,728 | €394,334 | €335,144 | €181,971 | €369,871 | ▲ 103% |
| Income taxes67/77 | €62,529 | €111,647 | €114,974 | €58,589 | €92,725 | ▲ 58.3% |
| Profit (loss) for the period9904 | €196,199 | €282,687 | €220,170 | €123,382 | €277,146 | ▲ 125% |
| Profit (loss) for the period to be appropriated9905 | €196,199 | €282,687 | €220,170 | €123,382 | €277,146 | ▲ 125% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.2m | €1.4m | €1.4m | €1.6m | ▲ 15.0% |
| Fixed assets21/28 | €941,603 | €943,594 | €923,000 | €923,000 | €980,761 | ▲ 6.3% |
| Tangible fixed assets22/27 | €19,603 | €21,594 | €1,000 | €1,000 | €58,761 | ▲ 5,776% |
| Plant, machinery and equipment23 | - | - | - | - | €3,378 | - |
| Furniture and vehicles24 | €19,545 | €20,594 | €0 | - | €55,383 | - |
| Other tangible fixed assets26 | €58 | - | - | - | - | - |
| Assets under construction and advance payments27 | - | €1,000 | €1,000 | €1,000 | - | - |
| Financial fixed assets28 | €922,000 | €922,000 | €922,000 | €922,000 | €922,000 | = |
| Current assets29/58 | €268,872 | €264,446 | €462,733 | €494,547 | €649,861 | ▲ 31.4% |
| Amounts receivable within one year40/41 | €267,049 | €264,232 | €462,733 | €494,547 | €573,025 | ▲ 15.9% |
| Trade receivables40 | €261,500 | €264,232 | €411,102 | €347,696 | €544,872 | ▲ 56.7% |
| Other amounts receivable41 | €5,549 | - | €51,631 | €146,850 | €28,153 | ▼ 80.8% |
| Cash at bank and in hand54/58 | €1,824 | - | - | - | €76,115 | - |
| Deferred charges and accrued income490/1 | - | €213 | - | - | €721 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.2m | €1.4m | €1.4m | €1.6m | ▲ 15.0% |
| Equity10/15 | €436,280 | €718,967 | €939,138 | €1.0m | €1.2m | ▲ 17.0% |
| Contributions10/11 | €6,500 | €6,500 | €6,500 | €6,500 | €6,500 | = |
| Reserves13 | €1,860 | €101,860 | €301,860 | €421,860 | €421,860 | = |
| Non-distributable reserves130/1 | €1,860 | €101,860 | €301,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Other1319 | - | €100,000 | €300,000 | - | - | - |
| Distributable reserves133 | - | - | - | €420,000 | €420,000 | = |
| Profit (loss) carried forward14 | €427,920 | €610,607 | €630,778 | €612,659 | €789,805 | ▲ 28.9% |
| Amounts payable17/49 | €774,195 | €489,072 | €446,595 | €376,527 | €412,457 | ▲ 9.5% |
| Amounts payable after more than one year17 | €376,702 | €321,201 | €262,372 | €201,904 | €197,281 | ▼ 2.3% |
| Financial debts170/4 | €12,741 | €6,908 | €996 | - | €44,630 | - |
| Other amounts payable178/9 | €363,961 | €314,293 | €261,376 | €201,904 | €152,650 | ▼ 24.4% |
| Amounts payable within one year42/48 | €348,782 | €97,815 | €165,206 | €174,623 | €215,176 | ▲ 23.2% |
| Current portion of amounts payable after more than one year42 | €64,354 | €70,451 | €68,684 | €99,191 | €94,204 | ▼ 5.0% |
| Financial debts43 | - | €105 | €71,249 | €46,465 | - | - |
| Credit institutions430/8 | - | €105 | €71,249 | €46,465 | - | - |
| Trade debts44 | €2,013 | €193 | €1,397 | €3,209 | €2,876 | ▼ 10.4% |
| Suppliers440/4 | €2,013 | €193 | €1,397 | €3,209 | €2,876 | ▼ 10.4% |
| Taxes, remuneration and social security45 | €33,233 | €25,111 | €23,515 | €3,685 | €17,727 | ▲ 381% |
| Taxes450/3 | €33,233 | €23,515 | €23,515 | €3,278 | €17,320 | ▲ 428% |
| Remuneration and social security454/9 | - | €1,597 | - | €407 | €407 | = |
| Other amounts payable47/48 | €249,182 | €1,955 | €361 | €22,073 | €100,369 | ▲ 355% |
| Accrued charges and deferred income492/3 | €48,711 | €70,056 | €19,018 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €196,199 | €282,687 | €220,170 | €123,382 | €277,146 | ▲ 125% |
| + Depreciation and write-downs630 | €4,473 | €7,074 | - | - | €3,599 | - |
| Operating cash flow (approximation) | €200,672 | €289,761 | €220,170 | €123,382 | €280,745 | ▲ 128% |
| Investment in fixed assets (approximation) | - | -€9,065 | €20,594 | €0 | -€61,360 | - |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €1mEq €1.0m ▲10.8%
5 profitable years in a row build equity to €1.0m.
25-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 56 days late
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €282,687 ▲44.1%
Operating result €416,721, net result €282,687, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 2.70
Current ratio from 0.77 to 2.70; short-term debt falls from €348,782 to €97,815.
31-12
Financial
Equity above €500,000Eq €718,967 ▲64.8%
3 profitable years in a row build equity to €718,967.
17-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 109 days late
2021
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
10-02
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 194 days late
2020
31-12
Financial
Back to profitnet €125,004
Net result €125,004 after one loss-making year.
Show earlier events
31-12
Financial
Equity above €200,000Eq €240,081 ▲109%
Equity rises from €115,077 to €240,081.
2019
31-12
Financial
Weakest financial yearnet -€3,110
Net result drops to -€3,110, the lowest in the series; recovery starts the following year.
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Marche-en-Famenne · 1 establishment unit since 2010
Ground area
5,225 m²
Building footprint
500 m²
2 parcels, Wallonia. Linked by address, not a title deed.
1 establishment unit
HCL CONSULT
since 20102.183.945.496
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 83048D1140/00G006 | Wallonia | 4,462 m² | 1 · 226 m² | - |
| 83034B0435/00G002 | Wallonia | 763 m² | 1 · 273 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,641 companies in sector 70200 we hold annual accounts for 52,636. 25,716 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 (pre-2019)
Founded15-12-2009
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
87301Residential care activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0821457069
Registered
25-09-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.