M-CONSULT
ActiveSummary
M-CONSULT has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €237k and a net result of €11k. Equity remains stable across the filed fiscal years (±1.7% per year). Its solvency ranks better than 35% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability58▼-2
Solvency66▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity short (current ratio 0.63 against 0.65 in 2024; short-term debt: 13.9% and cash: 7.3% of total assets), and 59.2% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Six 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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
40.8%
Return on assets
1.9%
Age of the figures
13 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
18192021222425
2018 to 2025 · latest year €237k
neutral · Latest accounts filed on time
The financial year that closed on 31-08-2025 was due by 31-03-2026 and was filed on 27-02-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 d early
2024
27 d early
2022
32 d late
2021
61 d late
2020
44 d late
2019
209 d late
2018
22 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-08-2026 and is due by 31-03-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-08-2026 close25-09-2026 today31-03-2027 deadline
History
Financials · fiscal year 2025, micro schema
Equity
€237k▲ 4.8%
2024 · €227k
Total assets
€581k▲ 13.5%
2024 · €512k
Net result
€11k▼ 63.0%
2024 · €29k
Working capital
€-30k▼ 54.9%
2024 · €-19k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220242025
Operating result€-26k▼ 71.6%€-12k▲ 55.4%€3k€43k-€19k▼ 55.0%
Net result€-32k▼ 22.3%€-22k▲ 32.7%€-6k▲ 73.4%€29k-€11k▼ 63.0%
Equity€210k▲ 2.3%€203k▼ 3.1%€197k▼ 2.8%€227k-€237k▲ 4.8%
Total assets€651k▼ 0.7%€598k▼ 8.1%€531k▼ 11.2%€512k-€581k▲ 13.5%
Debt€399k▲ 2.4%€355k▼ 11.0%€295k▼ 16.7%€251k-€312k▲ 24.1%
Working capital€-20k▼ 65.7%€-25k▼ 24.3%€-31k▼ 21.8%€-19k-€-30k▼ 54.9%
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 55% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €581k
Fixed assets
€530k ▲ 11.4%
Current assets
€51k ▲ 41.0%
Equity and liabilities €581k
Equity
€237k ▲ 4.8%
Provisions
€32k ▼ 6.3%
Debt
€312k ▲ 24.1%
Debt's share of the balance-sheet total rises from 49.0% to 53.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€48k▼
2024 · €71k
Cash flow
€39k▼
2024 · €57k
Current ratio
0.63▼
2024 · 0.65
Debt to equity
1.31▲
2024 · 1.11
ROE
4.6%▼
2024 · 12.9%
ROA
1.9%▼
2024 · 5.7%
Interest coverage
4.49▲
2024 · 4.07
Debt ≤ 1 year
€81k▲
2024 · €55k
Debt > 1 year
€231k▲
2024 · €196k
Income taxes
€166▼
2024 · €249
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29k | €28k | €28k | €28k | €28k | ▲ 2.9% |
| Other operating charges640/8 | - | €4k | €4k | €5k | €10k | ▲ 97.5% |
| Non-recurring operating charges66A | - | - | - | - | €127 | - |
| Gross operating margin9900 | €7k | €20k | €35k | €76k | €58k | ▼ 23.5% |
| Operating profit (loss)9901 | €-26k | €-12k | €3k | €43k | €19k | ▼ 55.0% |
| Financial income75/76B | - | - | €1 | - | - | - |
| Recurring financial income75 | - | - | €1 | - | - | - |
| Financial charges65/66B | - | €12k | €11k | €17k | €11k | ▼ 38.7% |
| Recurring financial charges65 | €13k | €12k | €11k | €17k | €11k | ▼ 38.7% |
| Profit (loss) for the period before taxes9903 | €-39k | €-24k | €-8k | €26k | €9k | ▼ 65.9% |
| Transfer from deferred taxes780 | - | €2k | €2k | €4k | €2k | ▼ 40.0% |
| Income taxes67/77 | - | - | €136 | €249 | €166 | ▼ 33.3% |
| Profit (loss) for the period9904 | €-32k | €-22k | €-6k | €29k | €11k | ▼ 63.0% |
| Transfer from tax-exempt reserves789 | - | €7k | €7k | €11k | €7k | ▼ 40.0% |
| Profit (loss) for the period to be appropriated9905 | €-26k | €-15k | €737 | €40k | €17k | ▼ 56.8% |
| Line | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €651k | €598k | €531k | €512k | €581k | ▲ 13.5% |
| Fixed assets21/28 | €558k | €530k | €502k | €476k | €530k | ▲ 11.4% |
| Tangible fixed assets22/27 | €558k | €530k | €502k | €476k | €530k | ▲ 11.4% |
| Land and buildings22 | - | €530k | €502k | €474k | €527k | ▲ 11.2% |
| Plant, machinery and equipment23 | - | - | - | €2k | €3k | ▲ 67.4% |
| Financial fixed assets28 | €296 | €296 | €696 | - | - | - |
| Current assets29/58 | €92k | €68k | €28k | €36k | €51k | ▲ 41.0% |
| Amounts receivable within one year40/41 | €60k | €39k | €2k | €2k | €2k | ▲ 29.5% |
| Trade receivables40 | - | €24k | €2k | - | - | - |
| Other amounts receivable41 | - | €15k | - | €2k | €2k | ▲ 29.5% |
| Cash at bank and in hand54/58 | €32k | €27k | €21k | €34k | €43k | ▲ 23.7% |
| Deferred charges and accrued income490/1 | - | €2k | €5k | €237 | €6k | ▲ 2,626% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €651k | €598k | €531k | €512k | €581k | ▲ 13.5% |
| Equity10/15 | €210k | €203k | €197k | €227k | €237k | ▲ 4.8% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €129k | €122k | €116k | €105k | €98k | ▼ 6.2% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Tax-exempt reserves132 | - | €120k | €114k | €103k | €96k | ▼ 6.3% |
| Distributable reserves133 | - | - | - | €2k | €2k | = |
| Profit (loss) carried forward14 | €62k | €62k | €63k | €103k | €120k | ▲ 16.8% |
| Provisions and deferred taxes16 | €42k | €40k | €38k | €34k | €32k | ▼ 6.3% |
| Deferred taxes168 | - | €40k | €38k | €34k | €32k | ▼ 6.3% |
| Amounts payable17/49 | €399k | €355k | €295k | €251k | €312k | ▲ 24.1% |
| Amounts payable after more than one year17 | €286k | €262k | €236k | €196k | €231k | ▲ 17.9% |
| Financial debts170/4 | - | €262k | €236k | €196k | €231k | ▲ 17.9% |
| Amounts payable within one year42/48 | €113k | €93k | €59k | €55k | €81k | ▲ 45.8% |
| Current portion of amounts payable after more than one year42 | - | €25k | €25k | €21k | €37k | ▲ 74.2% |
| Trade debts44 | €36k | €35k | €7k | €17k | €16k | ▼ 5.0% |
| Suppliers440/4 | - | €35k | €7k | €17k | €16k | ▼ 5.0% |
| Taxes, remuneration and social security45 | - | €9k | €8k | €7k | €11k | ▲ 64.9% |
| Taxes450/3 | - | €9k | €8k | €7k | €11k | ▲ 64.9% |
| Other amounts payable47/48 | - | €24k | €19k | €11k | €17k | ▲ 56.1% |
| Line | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-32k | €-22k | €-6k | €29k | €11k | ▼ 63.0% |
| + Depreciation and write-downs630 | €29k | €28k | €28k | €28k | €28k | ▲ 2.9% |
| Operating cash flow (approximation) | €-3k | €7k | €22k | €57k | €39k | ▼ 31.0% |
| Investment in fixed assets (approximation) | - | €0 | €-400 | - | €-83k | - |
| Change in cash | - | €-5k | €-6k | - | €8k | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
04-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-08
Financial
Back to profitnet €29k
Net result €29k after 5 loss-making years.
31-08
Financial
Equity above €200kEq €227k ▲14.8%
Equity rises from €197k to €227k.
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
13-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 44 days late
25-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 209 days late
2019
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Etterbeek · 1 establishment unit since 1996
Ground area
325 m²
Building footprint
129 m²
Volume, LiDAR
1,912 m³
Parcel 21005A0542/00B006, Brussels · tallest building 17.0 m, ±5 floors. Linked by address, not a title deed.
334
companies at this address
See who is registered here
1 establishment unit
M-CONSULT
since 19962.077.175.915
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21005A0542/00B006 | Brussels | 325 m² | 1 · 129 m² | 17.0 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.
Similar companies · same sector, comparable size
BUSINESS SOFTWARE SOLUTIONS
BE 0473.726.620
Gent · Eq €237,266
Fourdot Analytics
BE 0736.690.254
Edegem · Eq €237,431
PLURITECH
BE 0443.398.183
Vilvoorde · Eq €237,452
OVERLOOP
BE 0645.917.753
Etterbeek · Eq €237,160
QMINO
BE 0899.772.988
Bierbeek · Eq €237,557
Of 16,901 companies in sector 62100 we hold annual accounts for 8,772. 6,430 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
Founded29-05-1996
Fiscal year end31-08
Activities, NACEBEL 2025
62100Computer programming
47400Retail sale of information and communication equipment
62200Computer consultancy and computer facilities management
85599Other education
95100Repair and maintenance of computers and communication equipment
Scores and ratios are computed by Checked and are not a credit decision.