HEAD MANAGEMENT
ActiveSummary
HEAD MANAGEMENT has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €106,197 and a net result of €22,151. Equity remains stable across the filed fiscal years (±1.1% per year). Its solvency ranks better than 43% of 9521 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability80▲+2
Solvency68▲+5
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity tight (current ratio 1.18 against 0.77 in 2023; short-term debt: 15% and cash: 12.1% of total assets), and 56.8% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
43.2%
Return on assets
9%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-07-2025, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
17 d early
2023
22 d late
2022
17 d early
2021
31 d late
2020
31 d late
2019
5 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 9 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€106,197▲ 13.6%
2023 · €93,510
Total assets
€245,752▲ 0.3%
2023 · €245,073
Net result
€22,151▲ 25.8%
2023 · €17,606
Working capital
€6,758
2023 · -€8,461
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support 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
Line20202021202220232024
Operating result€17,973▲ 153%€24,393▲ 35.7%€28,135▲ 15.3%€27,498▼ 2.3%€35,068▲ 27.5%
Net result€7,774within the sector's middle half▲ 588%€14,841within the sector's middle half▲ 90.9%€17,797within the sector's middle half▲ 19.9%€17,606within the sector's middle half▼ 1.1%€22,151within the sector's middle half▲ 25.8%
Equity€111,166within the sector's middle half▲ 7.5%€126,007within the sector's middle half▲ 13.4%€143,804within the sector's middle half▲ 14.1%€93,510within the sector's middle half▼ 35.0%€106,197within the sector's middle half▲ 13.6%
Total assets€305,696within the sector's middle half▼ 3.7%€302,646within the sector's middle half▼ 1.0%€306,333within the sector's middle half▲ 1.2%€245,073within the sector's middle half▼ 20.0%€245,752within the sector's middle half▲ 0.3%
Debt€194,530▼ 9.2%€176,639▼ 9.2%€162,529▼ 8.0%€151,563▼ 6.7%€139,555▼ 7.9%
Working capital-€4,114▲ 87.4%€16,607€40,364▲ 143%-€8,461€6,758
Solvency36.4%within the sector's middle half▲ 3.8pp41.6%within the sector's middle half▲ 5.3pp46.9%within the sector's middle half▲ 5.3pp38.2%within the sector's middle half▼ 8.8pp43.2%within the sector's middle half▲ 5.1pp
Staff (FTE)0.9
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support 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 recovers in 2024; 2024 is 28% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €245,752
Fixed assets
€202,094 ▼ 7.0%
Current assets
€43,658 ▲ 57.2%
Equity and liabilities €245,752
Equity
€106,197 ▲ 13.6%
Debt
€139,555 ▼ 7.9%
Debt's share of the balance-sheet total falls from 61.8% to 56.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€56,237▲
2023 · €46,658
Cash flow
€43,320▲
2023 · €36,766
Current ratio
1.18▲
2023 · 0.77
Debt to equity
1.31▼
2023 · 1.62
ROE
20.9%▲
2023 · 18.8%
ROA
9.0%▲
2023 · 7.2%
Interest coverage
21.34▲
2023 · 15.24
Debt ≤ 1 year
€36,900▲
2023 · €36,231
Debt > 1 year
€101,740▼
2023 · €114,872
Income taxes
€10,308▲
2023 · €6,867
Staff costs
€3,167▲
2023 · €1,222
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 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% | 1.6% |
| 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 74% 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 34,672 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €19,910 | €14,121 | €1,222 | €3,167 | ▲ 159% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31,873 | €21,680 | €19,883 | €19,160 | €21,169 | ▲ 10.5% |
| Other operating charges640/8 | - | €2,449 | €2,602 | €3,066 | €3,074 | ▲ 0.3% |
| Gross operating margin9900 | €54,557 | €68,432 | €64,741 | €50,946 | €62,478 | ▲ 22.6% |
| Operating profit (loss)9901 | €17,973 | €24,393 | €28,135 | €27,498 | €35,068 | ▲ 27.5% |
| Financial income75/76B | - | - | - | €36 | €26 | ▼ 27.8% |
| Recurring financial income75 | €0 | - | - | €36 | €26 | ▼ 27.8% |
| Financial charges65/66B | - | €3,147 | €3,210 | €3,061 | €2,635 | ▼ 13.9% |
| Recurring financial charges65 | €4,740 | €3,147 | €3,210 | €3,061 | €2,635 | ▼ 13.9% |
| Profit (loss) for the period before taxes9903 | €13,233 | €21,246 | €24,925 | €24,473 | €32,459 | ▲ 32.6% |
| Income taxes67/77 | €5,459 | €6,405 | €7,128 | €6,867 | €10,308 | ▲ 50.1% |
| Profit (loss) for the period9904 | €7,774 | €14,841 | €17,797 | €17,606 | €22,151 | ▲ 25.8% |
| Profit (loss) for the period to be appropriated9905 | €7,774 | €14,841 | €17,797 | €17,606 | €22,151 | ▲ 25.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €305,696 | €302,646 | €306,333 | €245,073 | €245,752 | ▲ 0.3% |
| Fixed assets21/28 | €271,635 | €252,404 | €232,521 | €217,303 | €202,094 | ▼ 7.0% |
| Tangible fixed assets22/27 | €271,585 | €252,354 | €232,471 | €217,253 | €202,044 | ▼ 7.0% |
| Land and buildings22 | - | €250,037 | €231,800 | €213,563 | €198,455 | ▼ 7.1% |
| Furniture and vehicles24 | - | €2,317 | €671 | €3,690 | €2,750 | ▼ 25.5% |
| Other tangible fixed assets26 | - | - | - | - | €839 | - |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €34,061 | €50,242 | €73,812 | €27,770 | €43,658 | ▲ 57.2% |
| Amounts receivable within one year40/41 | €283 | €1,973 | €29,886 | €15,133 | €14,028 | ▼ 7.3% |
| Trade receivables40 | - | - | €28,023 | €15,093 | €13,999 | ▼ 7.2% |
| Other amounts receivable41 | - | €1,973 | €1,863 | €40 | €29 | ▼ 27.5% |
| Cash at bank and in hand54/58 | €33,778 | €48,269 | €43,926 | €12,637 | €29,630 | ▲ 134% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €305,696 | €302,646 | €306,333 | €245,073 | €245,752 | ▲ 0.3% |
| Equity10/15 | €111,166 | €126,007 | €143,804 | €93,510 | €106,197 | ▲ 13.6% |
| Contributions10/11 | - | €83,600 | €83,600 | €15,700 | €6,200 | ▼ 60.5% |
| Reserves13 | €71,110 | €71,110 | €71,110 | €71,110 | €93,261 | ▲ 31.2% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | €44,250 | €44,250 | €44,250 | €44,250 | = |
| Distributable reserves133 | - | €25,000 | €25,000 | €25,000 | €47,151 | ▲ 88.6% |
| Profit (loss) carried forward14 | -€43,544 | -€28,703 | -€10,906 | €6,700 | €6,736 | ▲ 0.5% |
| Amounts payable17/49 | €194,530 | €176,639 | €162,529 | €151,563 | €139,555 | ▼ 7.9% |
| Amounts payable after more than one year17 | €155,195 | €141,844 | €129,081 | €114,872 | €101,740 | ▼ 11.4% |
| Financial debts170/4 | - | €139,334 | €126,521 | €112,372 | €99,060 | ▼ 11.8% |
| Other amounts payable178/9 | - | €2,510 | €2,560 | €2,500 | €2,680 | ▲ 7.2% |
| Amounts payable within one year42/48 | €38,175 | €33,635 | €33,448 | €36,231 | €36,900 | ▲ 1.8% |
| Current portion of amounts payable after more than one year42 | - | €15,227 | €13,752 | €15,070 | €16,650 | ▲ 10.5% |
| Trade debts44 | €10,265 | €5,238 | €7,138 | €8,180 | €9,295 | ▲ 13.6% |
| Suppliers440/4 | - | €5,238 | €7,138 | €8,180 | €9,295 | ▲ 13.6% |
| Taxes, remuneration and social security45 | - | €13,170 | €12,287 | €10,134 | €10,952 | ▲ 8.1% |
| Taxes450/3 | - | €12,197 | €11,937 | €9,869 | €10,952 | ▲ 11.0% |
| Remuneration and social security454/9 | - | €973 | €350 | €265 | - | - |
| Other amounts payable47/48 | - | - | €271 | €2,847 | €3 | ▼ 99.9% |
| Accrued charges and deferred income492/3 | - | €1,160 | €0 | €460 | €915 | ▲ 98.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,774 | €14,841 | €17,797 | €17,606 | €22,151 | ▲ 25.8% |
| + Depreciation and write-downs630 | €31,873 | €21,680 | €19,883 | €19,160 | €21,169 | ▲ 10.5% |
| Operating cash flow (approximation) | €39,647 | €36,521 | €37,680 | €36,766 | €43,320 | ▲ 17.8% |
| Investment in fixed assets (approximation) | - | -€2,449 | €0 | -€3,942 | -€5,960 | ▼ 51.2% |
| Change in cash | - | €14,491 | -€4,343 | -€31,289 | €16,993 | ▲ 154% |
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
2026
04-08
State Gazette act
General meeting · Director appointment
Permanent representative
01-07
State Gazette act
General meeting · Director appointment
Permanent representative
01-07
State Gazette act
General meeting · Director appointment
Permanent representative
2025
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €22,151 ▲25.8%
Operating result €35,068, net result €22,151, both a record.
31-12
Financial
Equity above €100,000Eq €106,197 ▲13.6%
6 profitable years in a row build equity to €106,197.
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
22-04
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
22-04
State Gazette act
General meeting · Director resignation
Director appointment · Registered-office move
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
Show earlier events
2020
05-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 5 days late
2019
31-12
Financial
Back to profitnet €1,130
Net result €1,130 after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
19-06
State Gazette act
General meeting · Director reappointment
Permanent representative · Director appointment
19-06
State Gazette act
General meeting · Director reappointment
Permanent representative · Director appointment
2018
23-10
State Gazette act
Board meeting · Director appointment
Permanent representative · Power of attorney
13-09
State Gazette act
General meeting · Director appointment
Permanent representative · Accounting effect
13-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 13 days late
2017
07-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 7 days late
19-06
State Gazette act
General meeting · Director reappointment
Permanent representative · Director appointment
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
24-06
State Gazette act
General meeting · Director appointment
Permanent representative · Director reappointment
24-06
State Gazette act
General meeting · Director appointment
Permanent representative · Director resignation
2015
06-07
State Gazette act
Board meeting · Director appointment
Permanent representative · Ratification
2010
24-06
State Gazette act
General meeting · Net-asset statement
Legal-form conversion · Corporate purpose
Financial milestoneState Gazette actNBB 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Mons · 1 establishment unit since 2008
Ground area
550 m²
Building footprint
131 m²
Volume, LiDAR
1,286 m³
2 parcels, Wallonia · tallest building 11.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue Jules Cornet 43, 7000 Mons
since 20082.168.480.431
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53404B0689/00T005 | Wallonia | 480 m² | 1 · 76 m² | 11.0 m · 3 fl. |
| 53404B0689/00V005 | Wallonia | 70 m² | 1 · 56 m² | 11.6 m · 3 fl. |
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.
Structure & network
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Ownership & control
3 board mandatesBoard mandates of this companythis company sits on their board3
Similar companies · same sector, comparable size
DH Expertise
BE 0797.704.640
Duffel · Eq €106,189
Future Marketing Agency
BE 0745.720.954
Antwerpen · Eq €106,125
OneHealth Partners
BE 0737.721.721
Brussel · Eq €106,298
IDS Consulting
BE 0628.804.379
Laarne · Eq €106,084
LVdE
BE 1003.552.003
Rumst · Eq €106,079
Of 24,517 companies in sector 82990 we hold annual accounts for 9,421. 7,192 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
Founded31-01-2008
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
46851Wholesale of industrial chemicals
68310Real estate agency activities
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0895504097
Also
9925:BE0895504097
Registered
10-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.