HRDynamics
InactiveInactive since 17-04-2026; last annual accounts for fiscal year 2025.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-03-2026, 143 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
143 d early
2024
125 d early
2023
30 d late
2022
11 d early
2021
31 d late
2020
46 d late
2019
1 d early
← 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 25 days before 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 (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date How is the Business and other management consultancy sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€451,943▲ 19.9%
2024 · €376,808
Total assets
€479,238▼ 23.3%
2024 · €624,577
Net result
€75,135▼ 39.8%
2024 · €124,765
Working capital
€387,274▲ 33.2%
2024 · €290,673
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€14,140▼ 93.4%€17,514▲ 23.9%-€16,761€179,704€111,483▼ 38.0%
Net result-€5,048below the sector's middle half€776below the sector's middle half-€31,701below the sector's middle half€124,765above the sector's middle half€75,135above the sector's middle half▼ 39.8%
Equity€368,762within the sector's middle half▼ 1.4%€369,538within the sector's middle half▲ 0.2%€307,043above the sector's middle half▼ 16.9%€376,808above the sector's middle half▲ 22.7%€451,943above the sector's middle half▲ 19.9%
Total assets€876,058within the sector's middle half▼ 7.8%€810,183within the sector's middle half▼ 7.5%€699,297above the sector's middle half▼ 13.7%€624,577above the sector's middle half▼ 10.7%€479,238above the sector's middle half▼ 23.3%
Debt€370,119▼ 15.7%€303,467▼ 18.0%€255,077▼ 15.9%€247,769▼ 2.9%€27,295▼ 89.0%
Working capital€606,681▼ 4.5%€567,814▼ 6.4%€462,317▼ 18.6%€290,673▼ 37.1%€387,274▲ 33.2%
Solvency42.1%within the sector's middle half▲ 2.7pp45.6%within the sector's middle half▲ 3.5pp43.9%within the sector's middle half▼ 1.7pp60.3%within the sector's middle half▲ 16.4pp94.3%above the sector's middle half▲ 34.0pp
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 abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 38% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €479,238
Fixed assets
€64,669 ▼ 72.6%
Current assets
€414,568 ▲ 6.6%
Equity and liabilities €479,238
Equity
€451,943 ▲ 19.9%
Debt
€27,295 ▼ 89.0%
Debt's share of the balance-sheet total falls from 39.7% to 5.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€126,647▼
2024 · €196,986
Cash flow
€90,300▼
2024 · €142,047
Current ratio
15.19▲
2024 · 3.96
Debt to equity
0.06▼
2024 · 0.66
ROE
16.6%▼
2024 · 33.1%
ROA
15.7%▼
2024 · 20.0%
Interest coverage
4.83▼
2024 · 15.13
Debt ≤ 1 year
€27,295▼
2024 · €98,108
Debt > 1 year
€0▼
2024 · €149,661
Income taxes
€35,024▼
2024 · €50,343
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | - | - | - | €116,295 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,498 | €6,067 | €6,435 | €17,282 | €15,165 | ▼ 12.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€1,626 | €0 | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | -€137,177 | €0 | ▲ 100% |
| Other operating charges640/8 | €3,343 | €6,095 | €5,262 | €3,463 | €7,128 | ▲ 106% |
| Non-recurring operating charges66A | €5,092 | - | - | - | - | - |
| Gross operating margin9900 | €37,072 | €28,051 | -€5,064 | €63,272 | €133,776 | ▲ 111% |
| Operating profit (loss)9901 | €14,140 | €17,514 | -€16,761 | €179,704 | €111,483 | ▼ 38.0% |
| Financial income75/76B | €0 | €0 | - | €8,428 | €24,901 | ▲ 195% |
| Recurring financial income75 | €0 | €0 | - | €8,428 | €24,901 | ▲ 195% |
| Financial charges65/66B | €18,920 | €15,774 | €14,553 | €13,023 | €26,224 | ▲ 101% |
| Recurring financial charges65 | €18,920 | €15,774 | €14,553 | €13,023 | €26,224 | ▲ 101% |
| Profit (loss) for the period before taxes9903 | -€4,781 | €1,740 | -€31,314 | €175,108 | €110,160 | ▼ 37.1% |
| Income taxes67/77 | €267 | €963 | €386 | €50,343 | €35,024 | ▼ 30.4% |
| Profit (loss) for the period9904 | -€5,048 | €776 | -€31,701 | €124,765 | €75,135 | ▼ 39.8% |
| Profit (loss) for the period to be appropriated9905 | -€5,048 | €776 | -€31,701 | €124,765 | €75,135 | ▼ 39.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €876,058 | €810,183 | €699,297 | €624,577 | €479,238 | ▼ 23.3% |
| Fixed assets21/28 | €186,834 | €183,914 | €177,479 | €235,796 | €64,669 | ▼ 72.6% |
| Tangible fixed assets22/27 | €186,404 | €183,484 | €177,049 | €235,366 | €64,669 | ▼ 72.5% |
| Land and buildings22 | €185,207 | €180,090 | €174,972 | €232,379 | €55,120 | ▼ 76.3% |
| Furniture and vehicles24 | €1,197 | €3,395 | €2,077 | €2,986 | €9,550 | ▲ 220% |
| Leasing and similar rights25 | €0 | - | - | - | - | - |
| Financial fixed assets28 | €430 | €430 | €430 | €430 | €0 | ▼ 100% |
| Current assets29/58 | €689,223 | €626,269 | €521,818 | €388,781 | €414,568 | ▲ 6.6% |
| Amounts receivable after more than one year29 | €175,848 | €31,503 | €0 | - | - | - |
| Other amounts receivable291 | €175,848 | €31,503 | €0 | - | - | - |
| Amounts receivable within one year40/41 | €168,307 | €294,376 | €93,791 | €57,260 | €267,268 | ▲ 367% |
| Trade receivables40 | €151,812 | €294,376 | €93,791 | €7,260 | €0 | ▼ 100% |
| Other amounts receivable41 | €16,495 | €0 | - | €50,000 | €267,268 | ▲ 435% |
| Current investments50/53 | - | - | - | €292,342 | €108,258 | ▼ 63.0% |
| Cash at bank and in hand54/58 | €342,420 | €299,229 | €428,027 | €38,351 | €39,042 | ▲ 1.8% |
| Deferred charges and accrued income490/1 | €2,648 | €1,161 | €0 | €828 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €876,058 | €810,183 | €699,297 | €624,577 | €479,238 | ▼ 23.3% |
| Equity10/15 | €368,762 | €369,538 | €307,043 | €376,808 | €451,943 | ▲ 19.9% |
| Contributions10/11 | €37,700 | €37,700 | €37,700 | €37,700 | €37,700 | = |
| Reserves13 | €331,062 | €331,062 | €300,267 | €359,370 | €414,243 | ▲ 15.3% |
| Non-distributable reserves130/1 | €5,005 | €5,005 | €5,005 | €0 | - | - |
| Reserves not available under the articles1311 | €5,005 | €5,005 | €5,005 | €0 | - | - |
| Distributable reserves133 | €326,057 | €326,057 | €295,262 | €359,370 | €414,243 | ▲ 15.3% |
| Profit (loss) carried forward14 | €0 | €776 | -€30,924 | -€20,262 | €0 | ▲ 100% |
| Provisions and deferred taxes16 | €137,177 | €137,177 | €137,177 | €0 | - | - |
| Provisions for liabilities and charges160/5 | €137,177 | €137,177 | €137,177 | €0 | - | - |
| Pensions and similar obligations160 | €137,177 | €137,177 | €137,177 | €0 | - | - |
| Amounts payable17/49 | €370,119 | €303,467 | €255,077 | €247,769 | €27,295 | ▼ 89.0% |
| Amounts payable after more than one year17 | €287,576 | €245,013 | €195,576 | €149,661 | €0 | ▼ 100% |
| Financial debts170/4 | €287,576 | €245,013 | €195,576 | €149,661 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €82,543 | €58,455 | €59,501 | €98,108 | €27,295 | ▼ 72.2% |
| Current portion of amounts payable after more than one year42 | €61,495 | €42,563 | €46,873 | €45,915 | €0 | ▼ 100% |
| Trade debts44 | €7,538 | €345 | €3,162 | €2,877 | €5,505 | ▲ 91.3% |
| Suppliers440/4 | €7,538 | €345 | €3,162 | €2,877 | €5,505 | ▲ 91.3% |
| Taxes, remuneration and social security45 | €3,406 | €892 | €3,897 | €16,539 | €21,789 | ▲ 31.7% |
| Taxes450/3 | €3,313 | €892 | €3,897 | €16,539 | €21,789 | ▲ 31.7% |
| Remuneration and social security454/9 | €92 | €0 | - | - | - | - |
| Other amounts payable47/48 | €10,104 | €14,654 | €5,569 | €32,777 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €0 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,048 | €776 | -€31,701 | €124,765 | €75,135 | ▼ 39.8% |
| + Depreciation and write-downs630 | €14,498 | €6,067 | €6,435 | €17,282 | €15,165 | ▼ 12.3% |
| Operating cash flow (approximation) | €9,450 | €6,843 | -€25,265 | €142,047 | €90,300 | ▼ 36.4% |
| Investment in fixed assets (approximation) | - | -€3,147 | €0 | -€75,599 | €155,961 | ▲ 306% |
| Change in cash | - | -€43,191 | €128,798 | -€389,676 | €690 | ▲ 100% |
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
10-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity quadruplescurrent ratio 15.19
Current ratio from 3.96 to 15.19; short-term debt falls from €98,108 to €27,295.
28-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €124,765
Net result €124,765 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet -€31,701
Net result drops to -€31,701, the lowest in the series.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €776
Net result €776 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
15-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 46 days late
2020
31-12
Financial
Highest result since 2018net €147,030 ▲66.5%
Operating result €215,543, net result €147,030, both a record.
31-12
Financial
Liquidity triplescurrent ratio 6.62
Current ratio from 2.41 to 6.62.
Show earlier events
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €200,000Eq €227,586 ▲62.5%
2 profitable years in a row build equity to €227,586.
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
09-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Huldenberg
Ground area
1,363 m²
Building footprint
134 m²
Volume, LiDAR
731 m³
Parcel 24099A0627/00B000, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24099A0627/00B000 | Flanders | 1,363 m² | 1 · 134 m² | 7.2 m · 2 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.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,589. 35,455 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
Founded07-08-2003
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0859993090
Also
9925:BE0859993090
Registered
24-11-2023
The company is no longer active; its Peppol card can remain until its access point withdraws it.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.