INTERMEZZO
ActiveSummary
INTERMEZZO has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €275,023 and a net result of €147,784. Equity is shrinking by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 27% of 37969 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability89▲+8
Solvency55▲+5
Growth58=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days only on tighter terms
Liquidity ample (current ratio 1.53 against 2.37 in 2023; short-term debt: 15% of total assets), but 70.1% 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
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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 · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-10-2025, 92 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
92 d late
2023
62 d early
2022
119 d late
2021
29 d late
2020
86 d late
2019
61 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 54 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 (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€275,023▼ 0.8%
2023 · €277,239
Total assets
€918,850▼ 15.8%
2023 · €1.1m
Net result
€147,784▲ 33.8%
2023 · €110,463
Working capital
€72,519▼ 64.9%
2023 · €206,650
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
Line20202021202220232024
Operating result€122,596▲ 9.9%€157,358▲ 28.4%€115,881▼ 26.4%€168,819▲ 45.7%€178,399▲ 5.7%
Net result€111,260above the sector's middle half▲ 1.5%€208,555above the sector's middle half▲ 87.4%€95,298above the sector's middle half▼ 54.3%€110,463above the sector's middle half▲ 15.9%€147,784above the sector's middle half▲ 33.8%
Equity€322,923above the sector's middle half▼ 5.5%€321,478above the sector's middle half▼ 0.4%€296,777above the sector's middle half▼ 7.7%€277,239above the sector's middle half▼ 6.6%€275,023above the sector's middle half▼ 0.8%
Total assets€851,577above the sector's middle half▼ 41.5%€956,654above the sector's middle half▲ 12.3%€1.1mabove the sector's middle half▲ 10.9%€1.1mabove the sector's middle half▲ 2.8%€918,850above the sector's middle half▼ 15.8%
Debt€528,654▼ 52.5%€635,176▲ 20.1%€764,479▲ 20.4%€814,162▲ 6.5%€643,827▼ 20.9%
Working capital-€24,314below the sector's middle half€52,519within the sector's middle half-€57,160below the sector's middle half€206,650above the sector's middle half€72,519within the sector's middle half▼ 64.9%
Solvency37.9%within the sector's middle half▲ 14.4pp33.6%within the sector's middle half▼ 4.3pp28.0%within the sector's middle half▼ 5.6pp25.4%below the sector's middle half▼ 2.6pp29.9%within the sector's middle half▲ 4.5pp
Current ratio0.67below the sector's middle half▼ 2.591.54within the sector's middle half▲ 0.870.84below the sector's middle half▼ 0.702.37within the sector's middle half▲ 1.531.53within the sector's middle half▼ 0.85
Return on assets (ROA)13.1%within the sector's middle half▲ 5.5pp21.8%within the sector's middle half▲ 8.7pp9.0%within the sector's middle half▼ 12.8pp10.1%within the sector's middle half▲ 1.1pp16.1%within the sector's middle half▲ 6.0pp
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
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 6% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €918,850
Fixed assets
€708,431 ▼ 3.5%
Current assets
€210,419 ▼ 41.1%
Equity and liabilities €918,850
Equity
€275,023 ▼ 0.8%
Debt
€643,827 ▼ 20.9%
Debt's share of the balance-sheet total falls from 74.6% to 70.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€205,780▲
2023 · €196,117
Cash flow
€175,164▲
2023 · €137,760
Debt to equity
2.34▼
2023 · 2.94
ROE
53.7%▲
2023 · 39.8%
Interest coverage
10.62▼
2023 · 10.64
Debt ≤ 1 year
€137,901▼
2023 · €150,721
Debt > 1 year
€505,926▼
2023 · €663,442
Income taxes
€14,185▲
2023 · €9,837
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,613 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 97% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
2.0%
stopped otherwise
97%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,662 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% | 1.7% |
| 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 75% 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 2,613 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €7,322 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,223 | €27,082 | €28,203 | €27,298 | €27,380 | ▲ 0.3% |
| Other operating charges640/8 | - | €4,792 | €4,422 | €4,067 | €4,700 | ▲ 15.6% |
| Gross operating margin9900 | €153,040 | €189,232 | €148,507 | €200,183 | €210,480 | ▲ 5.1% |
| Operating profit (loss)9901 | €122,596 | €157,358 | €115,881 | €168,819 | €178,399 | ▲ 5.7% |
| Financial income75/76B | - | €69,789 | - | €12,174 | €2,953 | ▼ 75.7% |
| Recurring financial income75 | - | €2,903 | - | €12,174 | €2,953 | ▼ 75.7% |
| Non-recurring financial income76B | - | €66,885 | - | - | - | - |
| Financial charges65/66B | - | €7,835 | €12,481 | €60,694 | €19,384 | ▼ 68.1% |
| Recurring financial charges65 | €7,014 | €7,835 | €12,481 | €18,425 | €19,384 | ▲ 5.2% |
| Non-recurring financial charges66B | - | - | - | €42,268 | - | - |
| Profit (loss) for the period before taxes9903 | €115,582 | €219,312 | €103,400 | €120,300 | €161,969 | ▲ 34.6% |
| Income taxes67/77 | €4,322 | €10,757 | €8,102 | €9,837 | €14,185 | ▲ 44.2% |
| Profit (loss) for the period9904 | €111,260 | €208,555 | €95,298 | €110,463 | €147,784 | ▲ 33.8% |
| Profit (loss) for the period to be appropriated9905 | €111,260 | €208,555 | €95,298 | €110,463 | €147,784 | ▲ 33.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €851,577 | €956,654 | €1.1m | €1.1m | €918,850 | ▼ 15.8% |
| Fixed assets21/28 | €802,047 | €806,107 | €761,329 | €734,031 | €708,431 | ▼ 3.5% |
| Tangible fixed assets22/27 | €799,897 | €805,857 | €761,079 | €733,781 | €708,181 | ▼ 3.5% |
| Land and buildings22 | - | €772,820 | €750,297 | €727,775 | €705,252 | ▼ 3.1% |
| Plant, machinery and equipment23 | - | €3,653 | €2,232 | €1,116 | €1,697 | ▲ 52.1% |
| Furniture and vehicles24 | - | €29,385 | €8,549 | €4,890 | €1,231 | ▼ 74.8% |
| Financial fixed assets28 | €2,150 | €250 | €250 | €250 | €250 | = |
| Current assets29/58 | €49,530 | €150,547 | €299,927 | €357,371 | €210,419 | ▼ 41.1% |
| Amounts receivable after more than one year29 | - | - | €210,000 | €210,000 | - | - |
| Other amounts receivable291 | - | - | €210,000 | €210,000 | - | - |
| Amounts receivable within one year40/41 | €47,584 | €116,234 | €9,157 | €34,187 | €31,190 | ▼ 8.8% |
| Trade receivables40 | - | €21,046 | €6,940 | - | €17,605 | - |
| Other amounts receivable41 | - | €95,188 | €2,217 | €34,187 | €13,586 | ▼ 60.3% |
| Current investments50/53 | - | €32,480 | €78,408 | €112,395 | €177,628 | ▲ 58.0% |
| Deferred charges and accrued income490/1 | - | €1,834 | €2,362 | €788 | €1,601 | ▲ 103% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €851,577 | €956,654 | €1.1m | €1.1m | €918,850 | ▼ 15.8% |
| Equity10/15 | €322,923 | €321,478 | €296,777 | €277,239 | €275,023 | ▼ 0.8% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Revaluation surpluses12 | - | €238,324 | €232,984 | €227,644 | €227,644 | = |
| Reserves13 | €73,059 | €76,954 | €57,592 | €43,395 | €41,179 | ▼ 5.1% |
| 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 | - | €2,396 | €2,396 | €2,396 | €2,396 | = |
| Distributable reserves133 | - | €72,698 | €53,337 | €39,139 | €36,923 | ▼ 5.7% |
| Amounts payable17/49 | €528,654 | €635,176 | €764,479 | €814,162 | €643,827 | ▼ 20.9% |
| Amounts payable after more than one year17 | €454,810 | €537,147 | €407,392 | €663,442 | €505,926 | ▼ 23.7% |
| Financial debts170/4 | - | €537,147 | €407,392 | €663,442 | €505,926 | ▼ 23.7% |
| Amounts payable within one year42/48 | €73,844 | €98,028 | €357,087 | €150,721 | €137,901 | ▼ 8.5% |
| Current portion of amounts payable after more than one year42 | - | €27,395 | €40,737 | €39,624 | €32,442 | ▼ 18.1% |
| Financial debts43 | - | €14,990 | €244,037 | €34,145 | €32,302 | ▼ 5.4% |
| Credit institutions430/8 | - | €14,990 | €244,037 | €34,145 | €32,302 | ▼ 5.4% |
| Trade debts44 | €20,462 | €38,611 | €17,215 | €11,652 | €11,586 | ▼ 0.6% |
| Suppliers440/4 | - | €38,611 | €17,215 | €11,652 | €11,586 | ▼ 0.6% |
| Taxes, remuneration and social security45 | - | €17,031 | €45,725 | €50,300 | €51,848 | ▲ 3.1% |
| Taxes450/3 | - | €17,031 | €45,725 | €50,300 | €51,848 | ▲ 3.1% |
| Other amounts payable47/48 | - | - | €9,373 | €15,000 | €9,723 | ▼ 35.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €111,260 | €208,555 | €95,298 | €110,463 | €147,784 | ▲ 33.8% |
| + Depreciation and write-downs630 | €26,223 | €27,082 | €28,203 | €27,298 | €27,380 | ▲ 0.3% |
| Operating cash flow (approximation) | €137,483 | €235,637 | €123,501 | €137,760 | €175,164 | ▲ 27.2% |
| Investment in fixed assets (approximation) | - | -€31,141 | €16,575 | €0 | -€1,780 | - |
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
15-09
State Gazette act
Permanent representative: SMEULDERS STEPHANERegistered-office move4 facts ▸
State Gazette act
Permanent representative: SMEULDERS STEPHANE
Registered-office move4 facts ▸
- General meeting, 02-09-2026
- Registered-office move, 9850 Deinze, Bredeweg 30 B
- Director in office, SMEULDERS STEPHANE (director)
- Permanent representative, SMEULDERS STEPHANE (permanent representative)
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 92 days late
2024
30-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity triplescurrent ratio 2.37
Current ratio from 0.84 to 2.37; short-term debt falls from €357,087 to €150,721.
27-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 119 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Highest result since 2018net €208,555 ▲87.4%
Net result €208,555, the highest in the series.
31-12
Financial
Liquidity doublescurrent ratio 1.54
Current ratio from 0.67 to 1.54.
25-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 86 days late
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 1 act read
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Deinze · 1 establishment unit since 2001
Ground area
1,782 m²
Building footprint
353 m²
Volume, LiDAR
1,844 m³
2 parcels, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BOOKSHOP INTERMEZZO
since 20012.097.760.996
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44056A0072/00L000 | Flanders | 1,639 m² | 1 · 210 m² | 9.1 m · 2 fl. |
| 38014E0775/00A000 | Flanders | 143 m² | 1 · 143 m² | 9.1 m · 2 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
Owners and holdings
1 ownerChain of control
- INTERMEZZO CONSULTING
- INTERMEZZO
Highest known parent: INTERMEZZO CONSULTING. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 38,587 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)
Founded18-12-2000
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Contact
E-mail
stephane.smeulders@telenet.be
Phone
0471548244
E-invoicing
Reachable via Peppol
Peppol ID
0208:0473541627
Also
9925:BE0473541627
Registered
13-11-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.