INTERIM EXECUTIVES
ActiveSummary
INTERIM EXECUTIVES has been active since 2001 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €17,981 and a net result of -€1,625. Equity has been shrinking by about 3.8% per year since 2018. Its solvency ranks better than 48% of 10,818 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 13-09-2001 Normal situation
- Registered office
- 14 active companies are registered at this address 1 started in the 12 months before. Source: KBO register, as of 3 November 2026.
- Activity
- Business and other management consultancy NACE 70200and 1 other
- Establishment unit
- 2.095.733.894 1831 Machelen (Brab.), since 08-03-2002
- Financial year end
- 31 December
- Peppol
- Reachable since 12-01-2026
Board and ownership
Shareholders
- CORNIL CONSULT1%· score 942021 annual accounts of CORNIL CONSULT
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
Annual accounts 2025
- Turnover
- €21,215
- ▼ 10.8%
- Loss
- €1,625
- Equity
- €17,981
- ▼ 8.3%
- Total assets
- €35,895
- ▼ 10.9%
Score breakdownraises riskLoss of €1,625 (financial year 2025)lowers riskLiquidity: current ratio 2.96, cash €35,895Sector: Activities of head offices; management consultancy activities (NACE 70)Size: turnover €21,215, total assets €35,895Show the evidence
Checked score
Score 2025
93
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 42% of micro companies in head offices and management consultancy (NACE 70)
Financial strength · tick: 2024
Strong
Solvency
75+1
equity 50.1% of total assets
Liquidity
85-1
short-term debt 33.7% · cash 100.0%
Profitability
26-24
return on assets -4.5%
Bankruptcy probability within 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025highest value
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025lowest value
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Credit of up to €1,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.96 (3.16 in 2024), above the usual 1.5. Short-term debt is 33.7% and cash 100% of total assets. 49.9% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 46% of them on solvency, 77% on liquidity, 15% on profitability and 30% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 days early
2024
13 days early
2023
19 days early
2022
6 days early
2021
26 days early
2020
30 days early
2019
15 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 17 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 18 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 24-07-2026 at the NBB all 24 filings
Turnover
€21,215▼ 10.8%
2024 · €23,782
EBIT margin
-7.4%▼ 15.8pp
2024 · 8.3%
Net result
-€1,625
2024 · €1,933
Working capital
€23,782▼ 13.6%
2024 · €27,523
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
€21,215
▼ 10.8%
2025
20182025
Operating result
-€1,580
2025
20182025
Net result
-€1,625
2025
lowest quarter of the sector
20182025
EBIT margin
-7.4%
▼ 15.8pp
2025
20182025
Equity
€17,981
▼ 8.3%
2025
lowest quarter of the sector
20182025
Total assets
€35,895
▼ 10.9%
2025
lowest quarter of the sector
20182025
Debt
€17,914
▼ 13.3%
2025
20182025
Working capital
€23,782
▼ 13.6%
2025
middle half of the sector
20182025
Solvency
50.1%
▲ 1.4pp
2025
middle half of the sector
20182025
Current ratio
2.96
▼ 0.20
2025
middle half of the sector
20182025
Return on assets (ROA)
-4.5%
▼ 9.3pp
2025
lowest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€28,525€21,086▼ 26.1%€21,266▲ 0.9%€23,782▲ 11.8%€21,215▼ 10.8%
Operating result€6,140-€1,603▼ 73.9%-€2,060€5,168€1,512▼ 70.7%-€252€1,978-€1,580
Net result€6,101-€1,564▼ 74.4%-€2,102below the sector's middle half€5,120within the sector's middle half€1,467below the sector's middle half▼ 71.3%-€1,663below the sector's middle half€1,933below the sector's middle half-€1,625below the sector's middle half
EBIT margin18.1%7.2%▼ 10.9pp-1.2%▼ 8.4pp8.3%▲ 9.5pp-7.4%▼ 15.8pp
Equity€26,030-€26,234▲ 0.8%€10,948below the sector's middle half▼ 58.3%€18,288below the sector's middle half▲ 67.0%€19,725below the sector's middle half▲ 7.9%€18,122below the sector's middle half▼ 8.1%€19,606below the sector's middle half▲ 8.2%€17,981below the sector's middle half▼ 8.3%
Total assets€34,610-€35,988▲ 4.0%€31,520below the sector's middle half▼ 12.4%€37,411below the sector's middle half▲ 18.7%€38,500below the sector's middle half▲ 2.9%€39,967below the sector's middle half▲ 3.8%€40,268below the sector's middle half▲ 0.8%€35,895below the sector's middle half▼ 10.9%
Debt€8,580-€9,754▲ 13.7%€20,572▲ 111%€19,123▼ 7.0%€18,775▼ 1.8%€21,845▲ 16.4%€20,662▼ 5.4%€17,914▼ 13.3%
Working capital€32,942-€30,233▼ 8.2%€18,017within the sector's middle half▼ 40.4%€25,796within the sector's middle half▲ 43.2%€26,637within the sector's middle half▲ 3.3%€28,016within the sector's middle half▲ 5.2%€27,523within the sector's middle half▼ 1.8%€23,782within the sector's middle half▼ 13.6%
Solvency75.2%-72.9%▼ 2.3pp34.7%within the sector's middle half▼ 38.2pp48.9%within the sector's middle half▲ 14.2pp51.2%within the sector's middle half▲ 2.3pp45.3%within the sector's middle half▼ 5.9pp48.7%within the sector's middle half▲ 3.3pp50.1%within the sector's middle half▲ 1.4pp
Current ratio20.75-24.53▲ 3.782.60within the sector's middle half▼ 21.933.22within the sector's middle half▲ 0.623.25within the sector's middle half▲ 0.023.34within the sector's middle half▲ 0.103.16within the sector's middle half▼ 0.182.96within the sector's middle half▼ 0.20
Return on assets (ROA)17.6%-4.3%▼ 13.3pp-6.7%below the sector's middle half▼ 11.0pp13.7%within the sector's middle half▲ 20.4pp3.8%within the sector's middle half▼ 9.9pp-4.2%below the sector's middle half▼ 8.0pp4.8%within the sector's middle half▲ 9.0pp-4.5%below the sector's middle half▼ 9.3pp
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €1,580, after a profit of €1,978 in 2024. It is the lowest result since 2021.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €35,895
Equity
€17,981 ▼ 8.3%
Debt
€17,914 ▼ 13.3%
Debt's share of the balance-sheet total falls from 51.3% to 49.9%. Equity and debt are lower.
Key figures and ratios
Debt to equity
1.00▼
2024 · 1.05
ROE
-9.0%▼
2024 · 9.9%
Debt ≤ 1 year
€12,113▼
2024 · €12,745
Supplier credit
192 days▼
2024 · 207 days
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €28,525 | €21,086 | €21,266 | €23,782 | €21,215 | ▼ 10.8% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €20,775 | €19,215 | €21,133 | €21,417 | €22,395 | ▲ 4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €2,235 | €2,235 | €2,235 | €0 | €0 | - | - | - |
| Other operating charges640/8 | - | - | - | €347 | €359 | €385 | €387 | €400 | ▲ 3.4% |
| Gross operating margin9900 | €6,488 | €4,186 | €523 | €7,750 | €1,871 | €133 | €2,365 | -€1,180 | - |
| Operating profit (loss)9901 | €6,140 | €1,603 | -€2,060 | €5,168 | €1,512 | -€252 | €1,978 | -€1,580 | - |
| Financial charges65/66B | - | - | - | €48 | €45 | €45 | €45 | €45 | = |
| Recurring financial charges65 | €39 | €39 | €42 | €48 | €45 | €45 | €45 | €45 | = |
| Profit (loss) for the period before taxes9903 | €6,101 | €1,564 | -€2,102 | €5,120 | €1,467 | -€297 | €1,933 | -€1,625 | - |
| Income taxes67/77 | - | - | - | - | - | €1,366 | - | - | - |
| Profit (loss) for the period9904 | €6,101 | €1,564 | -€2,102 | €5,120 | €1,467 | -€1,663 | €1,933 | -€1,625 | - |
| Profit (loss) for the period to be appropriated9905 | €6,101 | €1,564 | -€2,102 | €5,120 | €1,467 | -€1,663 | €1,933 | -€1,625 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €34,610 | €35,988 | €31,520 | €37,411 | €38,500 | €39,967 | €40,268 | €35,895 | ▼ 10.9% |
| Fixed assets21/28 | - | €4,470 | €2,235 | €0 | €0 | €0 | - | - | - |
| Intangible fixed assets21 | - | €0 | - | €0 | €0 | €0 | - | - | - |
| Tangible fixed assets22/27 | - | €4,470 | €2,235 | €0 | - | - | - | - | - |
| Other tangible fixed assets26 | - | - | - | €0 | - | - | - | - | - |
| Current assets29/58 | €34,610 | €31,518 | €29,285 | €37,411 | €38,500 | €39,967 | €40,268 | €35,895 | ▼ 10.9% |
| Amounts receivable within one year40/41 | - | €90 | €90 | - | - | - | €3,019 | - | - |
| Trade receivables40 | - | - | - | - | - | - | €3,019 | - | - |
| Cash at bank and in hand54/58 | €34,332 | €31,428 | €29,195 | €37,411 | €38,500 | €39,967 | €37,249 | €35,895 | ▼ 3.6% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €34,610 | €35,988 | €31,520 | €37,411 | €38,500 | €39,967 | €40,268 | €35,895 | ▼ 10.9% |
| Equity10/15 | €26,030 | €26,234 | €10,948 | €18,288 | €19,725 | €18,122 | €19,606 | €17,981 | ▼ 8.3% |
| Contributions10/11 | €31,344 | €29,984 | €16,800 | €19,020 | €18,990 | €19,050 | €18,600 | €18,600 | = |
| Capital10 | - | - | - | €19,020 | - | - | - | €18,600 | - |
| Issued capital100 | - | - | - | €19,020 | - | - | - | €18,600 | - |
| Profit (loss) carried forward14 | -€5,314 | -€3,750 | -€5,852 | -€732 | €735 | -€928 | €1,006 | -€619 | - |
| Amounts payable17/49 | €8,580 | €9,754 | €20,572 | €19,123 | €18,775 | €21,845 | €20,662 | €17,914 | ▼ 13.3% |
| Amounts payable within one year42/48 | €1,668 | €1,285 | €11,268 | €11,615 | €11,863 | €11,951 | €12,745 | €12,113 | ▼ 5.0% |
| Trade debts44 | €1,125 | €997 | €11,117 | €10,539 | €11,120 | €11,157 | €12,153 | €11,764 | ▼ 3.2% |
| Suppliers440/4 | - | - | - | €10,539 | €11,120 | €11,157 | €12,153 | €11,764 | ▼ 3.2% |
| Taxes, remuneration and social security45 | - | - | - | €774 | €743 | €794 | €592 | €349 | ▼ 41.0% |
| Taxes450/3 | - | - | - | €774 | €743 | €794 | €592 | €349 | ▼ 41.0% |
| Other amounts payable47/48 | - | - | - | €302 | - | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €7,508 | €6,912 | €9,894 | €7,917 | €5,801 | ▼ 26.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,101 | €1,564 | -€2,102 | €5,120 | €1,467 | -€1,663 | €1,933 | -€1,625 | - |
| + Depreciation and write-downs630 | - | €2,235 | €2,235 | €2,235 | €0 | €0 | - | - | - |
| Operating cash flow (approximation) | €6,101 | €3,799 | €133 | €7,355 | €1,467 | -€1,663 | €1,933 | -€1,625 | - |
| Investment in fixed assets (approximation) | - | - | €0 | €0 | €0 | €0 | - | - | - |
| Change in cash | - | -€2,904 | -€2,233 | €8,216 | €1,089 | €1,467 | -€2,718 | -€1,354 | ▲ 50.2% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 12,322 companies had the same profile as INTERIM EXECUTIVES has now. Two years later, 90.3% were still going and 0.7% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
90.3%
was still going
8.6%
stopped otherwise
0.7%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of INTERIM EXECUTIVES itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 12,322 companies, not a prediction for INTERIM EXECUTIVES. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 24 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 24-07-2026 | 2026-00326477 | |
| 31-12-2024 | micro format | 18-07-2025 | 2025-00283919 | |
| 31-12-2023 | micro format | 12-07-2024 | 2024-00238952 | |
| 31-12-2022 | micro format | 25-07-2023 | 2023-00266232 | |
| 31-12-2021 | micro format | 05-07-2022 | 2022-20133588 | |
| 31-12-2020 | micro format | 01-07-2021 | 2021-29600406 | |
| 31-12-2019 | micro format | 16-07-2020 | 2020-30300128 | |
| 31-12-2018 | abbreviated format | 16-07-2019 | 2019-32800461 | |
| 31-12-2017 | abbreviated format | 18-07-2018 | 2018-33900387 | |
| 31-12-2016 | micro format | 13-07-2017 | 2017-30300299 |
Board & ownership
Directors
Directors
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 28-12-2023Owners and capital
Shareholders
1 ownerOwners 1
- Equity €414,611 Loss of €53,606 in 2025 (profit of €34,468 in 2024) Checked score 941%
Capital transactions
Capital over time
- 28-12-2023 Converted to available equity
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “1, natuurlijke personen of rechtspersonen,al dan niet aandeelhouder”
Articles of association, deed of 28-12-2023 (in French)
Network & group
Connections & network
The network starts from the shareholders of INTERIM EXECUTIVES. Every company they also own or run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
24-07
abbreviated format · 7 days before the deadline
2025
18-07
micro format · 13 days before the deadline
2024
31-12
Financial
Back to profitnet €1,933
The net result is €1,933, after one loss-making year.
12-07
micro format · 19 days before the deadline
2023
28-12
Gazette deed
Amendment of the articles · Legal-form changeLegal-form conversion · Capital conversion · Capital5 points ▸
Gazette deed
Amendment of the articles · Legal-form change
Legal-form conversion · Capital conversion · Capital5 points ▸
- General meeting, 11-12-2023
- Legal-form conversion, “besloten vennootschap” (deed in French)
- Capital conversion, “beschikbare eigen vermogensrekening” (deed in French)
- Amendment of the articles
- Capital
25-07
micro format · 6 days before the deadline
2022
05-07
micro format · 26 days before the deadline
2021
31-12
Financial
Back to profitnet €5,120
The net result is €5,120, after one loss-making year.
01-07
micro format · 30 days before the deadline
2020
31-12
Financial
Weakest financial yearnet -€2,102
The net result drops to -€2,102, the lowest from 2018 to 2025. It recovers the following year.
16-07
micro format · 15 days before the deadline
2019
16-07
abbreviated format · 15 days before the deadline
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
INTERIM EXECUTIVES in Dutch
Enterprise number
0475.640.686
Legal form
Private limited company
Status
Active, normale toestand
Founded
13-09-2001
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 28-12-2023 (in French)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaamse Gewest”
deed of 28-12-2023 (in French)Registered office and establishments
Registered office
Leuvensesteenweg 392A, 1932 Zaventem, Belgium
Establishment unit
Culliganlaan 1 B, 1831 Machelen (Brab.) since 08-03-2002 · unit number 2.095.733.894
Activities
NACEBEL 202570200
Business and other management consultancy main activity
96999
Other personal services
Codes under NACEBEL 2008
70220
Business consulting main activity
96099
Personal service activities
Codes under NACEBEL 2003
74142
main activity
93053
Invoicing and payment
VAT number
BE 0475.640.686
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Thursday of May at 18:00
deed of 28-12-2023 (in French)Sites & property
Location
Buildings and parcels at the addresses
Ground area
4.1 ha
Building footprint
1.0 ha
Building volume
16,863 m³
Tallest building: 19.9 m.
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23015B0092/00R000 | Flanders | 3.7 ha | 1 · 8,877 m² | 19.9 m |
| 23078A0347/00A000 | Flanders | 3,446 m² | 1 · 1,211 m² | 7.3 m · 2 |