HOLD'IN
ActiveSummary
HOLD'IN has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€369,314) and a net result of €4,657. Equity is growing by ~3.4% per year across the filed fiscal years. Its solvency ranks better than 5% of 32023 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84▲+13
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.53 against 0.53 in 2024; short-term debt: 185.9% and cash: 6.8% of total assets), and equity is negative.
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Signals
Seven 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 · 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 2025Solvency, return and age of the figures
Solvency
-991.1%
Return on assets
12.5%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 32023 sector peers (2025).
NBB · sector comparisonPosition among 32023 sector peers
Solvency
better than 5%
← 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 24-08-2026, 24 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
24 d late
2024
20 d late
2023
19 d late
2022
60 d late
2021
29 d late
2020
27 d late
2019
54 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 33 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 24 August (4 of the last 5 filed years within 30 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
Equity
-€369,314▲ 1.2%
2024 · -€373,971
Total assets
€37,263▼ 11.8%
2024 · €42,267
Net result
€4,657▼ 74.2%
2024 · €18,037
Working capital
-€32,254▲ 13.2%
2024 · -€37,163
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
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), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€16,384▲ 33.0%€30,426-€9,557€13,573€4,776▼ 64.8%
Net result€35,228within the sector's middle half€70,577above the sector's middle half▲ 100%€1,900below the sector's middle half▼ 97.3%€18,037within the sector's middle half▲ 849%€4,657within the sector's middle half▼ 74.2%
Equity-€464,485below the sector's middle half▲ 7.0%-€393,908below the sector's middle half▲ 15.2%-€392,008below the sector's middle half▲ 0.5%-€373,971below the sector's middle half▲ 4.6%-€369,314below the sector's middle half▲ 1.2%
Total assets€210,702within the sector's middle half▼ 10.5%€154,794within the sector's middle half▼ 26.5%€83,406within the sector's middle half▼ 46.1%€42,267below the sector's middle half▼ 49.3%€37,263below the sector's middle half▼ 11.8%
Debt€337,883▼ 15.1%€211,398▼ 37.4%€138,110▼ 34.7%€78,934▼ 42.8%€69,273▼ 12.2%
Working capital-€127,857below the sector's middle half▲ 21.9%-€56,989below the sector's middle half▲ 55.4%-€54,959below the sector's middle half▲ 3.6%-€37,163below the sector's middle half▲ 32.4%-€32,254below the sector's middle half▲ 13.2%
Solvency-220.4%below the sector's middle half▼ 8.2pp-254.5%below the sector's middle half▼ 34.0pp-470.0%below the sector's middle half▼ 215.5pp-884.8%below the sector's middle half▼ 414.8pp-991.1%below the sector's middle half▼ 106.3pp
Current ratio0.62below the sector's middle half▲ 0.030.73below the sector's middle half▲ 0.110.60below the sector's middle half▼ 0.130.53below the sector's middle half▼ 0.070.53below the sector's middle half▲ 0.01
Return on assets (ROA)16.7%within the sector's middle half▲ 33.3pp45.6%above the sector's middle half▲ 28.9pp2.3%within the sector's middle half▼ 43.3pp42.7%above the sector's middle half▲ 40.4pp12.5%within the sector's middle half▼ 30.2pp
Staff (FTE)
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 65% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €37,263
Fixed assets
€243 ▼ 50.8%
Current assets
€37,019 ▼ 11.4%
Key figures and ratios
EBITDA
€5,028▼
2024 · €13,918
Cash flow
€4,909▼
2024 · €18,382
Debt to equity
-0.19▲
2024 · -0.21
Interest coverage
42.29▲
2024 · 2.50
Debt ≤ 1 year
€69,273▼
2024 · €78,934
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,795 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.7%
went bankrupt
5.3%
stopped otherwise
92%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.4% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 3,795 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €522 | €198 | €198 | €346 | €252 | ▼ 27.1% |
| Other operating charges640/8 | €4,328 | €1,531 | €635 | €589 | €608 | ▲ 3.2% |
| Gross operating margin9900 | -€11,535 | €32,155 | -€8,723 | €14,507 | €5,636 | ▼ 61.2% |
| Operating profit (loss)9901 | -€16,384 | €30,426 | -€9,557 | €13,573 | €4,776 | ▼ 64.8% |
| Financial income75/76B | €54,807 | €42,147 | €21,235 | €10,023 | - | - |
| Recurring financial income75 | €54,807 | €42,147 | €21,235 | €10,023 | - | - |
| Financial charges65/66B | €3,194 | €1,996 | €9,778 | €5,559 | €119 | ▼ 97.9% |
| Recurring financial charges65 | €3,194 | €1,996 | €9,778 | €5,559 | €119 | ▼ 97.9% |
| Profit (loss) for the period before taxes9903 | €35,228 | €70,577 | €1,900 | €18,037 | €4,657 | ▼ 74.2% |
| Profit (loss) for the period9904 | €35,228 | €70,577 | €1,900 | €18,037 | €4,657 | ▼ 74.2% |
| Profit (loss) for the period to be appropriated9905 | €35,228 | €70,577 | €1,900 | €18,037 | €4,657 | ▼ 74.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €210,702 | €154,794 | €83,406 | €42,267 | €37,263 | ▼ 11.8% |
| Fixed assets21/28 | €676 | €453 | €255 | €495 | €243 | ▼ 50.8% |
| Tangible fixed assets22/27 | €652 | €453 | €255 | €495 | €243 | ▼ 50.8% |
| Furniture and vehicles24 | €652 | €453 | €255 | €495 | €243 | ▼ 50.8% |
| Financial fixed assets28 | €25 | - | - | - | - | - |
| Current assets29/58 | €210,026 | €154,341 | €83,151 | €41,772 | €37,019 | ▼ 11.4% |
| Amounts receivable within one year40/41 | €12,671 | €13,478 | €10,262 | €5,500 | €918 | ▼ 83.3% |
| Trade receivables40 | - | €5,806 | €812 | €1,000 | - | - |
| Other amounts receivable41 | €12,671 | €7,673 | €9,451 | €4,500 | €918 | ▼ 79.6% |
| Current investments50/53 | €187,682 | €137,207 | €64,950 | €32,749 | €32,748 | = |
| Cash at bank and in hand54/58 | €9,673 | €3,210 | €7,939 | €3,523 | €2,516 | ▼ 28.6% |
| Deferred charges and accrued income490/1 | - | €446 | - | - | €837 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €210,702 | €154,794 | €83,406 | €42,267 | €37,263 | ▼ 11.8% |
| Equity10/15 | -€464,485 | -€393,908 | -€392,008 | -€373,971 | -€369,314 | ▲ 1.2% |
| Contributions10/11 | €12,400 | €12,400 | €14,259 | €14,259 | €14,259 | = |
| Reserves13 | €1,859 | €1,859 | - | - | - | - |
| Non-distributable reserves130/1 | €1,859 | €1,859 | - | - | - | - |
| Reserves not available under the articles1311 | €1,859 | €1,859 | - | - | - | - |
| Profit (loss) carried forward14 | -€478,744 | -€408,167 | -€406,267 | -€388,230 | -€383,573 | ▲ 1.2% |
| Provisions and deferred taxes16 | €337,304 | €337,304 | €337,304 | €337,304 | €337,304 | = |
| Provisions for liabilities and charges160/5 | €337,304 | €337,304 | €337,304 | €337,304 | €337,304 | = |
| Pensions and similar obligations160 | €337,304 | €337,304 | €337,304 | €337,304 | €337,304 | = |
| Amounts payable17/49 | €337,883 | €211,398 | €138,110 | €78,934 | €69,273 | ▼ 12.2% |
| Amounts payable within one year42/48 | €337,883 | €211,330 | €138,110 | €78,934 | €69,273 | ▼ 12.2% |
| Trade debts44 | €188 | - | €48 | €928 | €1,134 | ▲ 22.1% |
| Suppliers440/4 | €188 | - | €48 | €928 | €1,134 | ▲ 22.1% |
| Taxes, remuneration and social security45 | - | €119 | - | - | €950 | - |
| Taxes450/3 | - | €119 | - | - | €950 | - |
| Other amounts payable47/48 | €337,696 | €211,211 | €138,062 | €78,006 | €67,189 | ▼ 13.9% |
| Accrued charges and deferred income492/3 | - | €68 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €35,228 | €70,577 | €1,900 | €18,037 | €4,657 | ▼ 74.2% |
| + Depreciation and write-downs630 | €522 | €198 | €198 | €346 | €252 | ▼ 27.1% |
| Operating cash flow (approximation) | €35,750 | €70,775 | €2,098 | €18,382 | €4,909 | ▼ 73.3% |
| Investment in fixed assets (approximation) | - | €25 | €0 | -€586 | €0 | ▲ 100% |
| Change in cash | - | -€6,463 | €4,729 | -€4,417 | -€1,006 | ▲ 77.2% |
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
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
18-08
State Gazette act
Appointment: Jerry Verburgh (co gérant)2 facts ▸
State Gazette act
Appointment: Jerry Verburgh (co gérant)
2 facts ▸
- General meeting, 19-05-2026
- Director appointment, Jerry Verburgh (co gérant)
2025
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
19-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 19 days late
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
31-12
Financial
Highest result since 2018net €70,577 ▲100%
Operating result €30,426, net result €70,577, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Back to profitnet €35,228
Net result €35,228 after 3 loss-making years.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 54 days late
2019
31-12
Financial
Weakest financial yearnet -€190,393
Net result drops to -€190,393, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Jerry Verburgh
CurrentCo gérant · since 19-05-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
5 of this company's 6 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Ukkel · 2 establishment units since 1997
Ground area
576 m²
Building footprint
311 m²
Volume, LiDAR
5,023 m³
Parcel 21618B0301/00N006, Brussels · tallest building 20.5 m, ±5 floors. Linked by address, not a title deed.
10
companies at this address
See who is registered here
2 establishment units
Roberts-Jonesstraat 15, 1180 Ukkel
since 19972.084.005.111
HOLD'IN
since 20112.195.793.849
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21618B0301/00N006 | Brussels | 576 m² | 1 · 311 m² | 20.5 m · 5 fl. |
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.
Mandate history
1 person since 2026, 1 in office
- Board
| Name | Functions and periods |
|---|---|
| Jerry Verburgh |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
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Shareholding
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Recognitions · licences · registrations
Legal Entity Identifier
894500MWOKNR31UD1R46
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Of 82,601 companies in sector 70200 we hold annual accounts for 52,615. 15,373 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
Founded14-10-1997
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Contact
Phone
0473/24.16.40Brussel
E-invoicing
Reachable via Peppol
Peppol ID
0208:0461665362
Also
9925:BE0461665362
Registered
01-09-2025
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.