MIZEN CONSULTING
ActiveSummary
MIZEN CONSULTING has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.1m and a net result of -€213,614. Equity is growing by about 14% per year across the filed financial years. Its solvency ranks better than 95% of 10,760 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Financials · financial year 2025, abbreviated format
Equity
€6.1m▼ 3.4%
2024 · €6.4m
Total assets
€6.2m▼ 3.4%
2024 · €6.4m
Net result
-€213,614▼ 253%
2024 · -€60,468
Working capital
-€31,010
2024 · €81,334
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €209,004 in 2025 against €178,726 in 2024; the loss grows and 2025 has the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€0.2m
2025
Net result-€0.2m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€6.2m
2025
Equity€6.1m
2025
Debt€0.03m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€0.03m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-3.5%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency99.5%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.00
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)0
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. 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 financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€0.007m--€0.01m▼ 40.0%€0.001m-€0.1m-€0.1m▲ 23.8%-€0.2m▼ 63.6%-€0.2m▲ 3.8%-€0.2m▼ 16.9%
Net result-€0.008m-€0.7m€0.001mbelow the sector's middle half▼ 99.8%€6.0mabove the sector's middle half▲ 5,685×-€0.1mbelow the sector's middle half-€0.2mbelow the sector's middle half▼ 61.8%-€0.06mbelow the sector's middle half▲ 67.4%-€0.2mbelow the sector's middle half▼ 253%
Equity€0.02m-€0.7m▲ 43×€0.7mwithin the sector's middle half▲ 0.2%€6.7mabove the sector's middle half▲ 905%€6.6mabove the sector's middle half▼ 1.7%€6.4mabove the sector's middle half▼ 2.8%€6.4mabove the sector's middle half▼ 0.9%€6.1mabove the sector's middle half▼ 3.4%
Total assets€0.06m-€0.8m▲ 13×€0.8mwithin the sector's middle half▲ 2.7%€6.8mabove the sector's middle half▲ 713%€6.7mabove the sector's middle half▼ 1.6%€6.4mabove the sector's middle half▼ 3.1%€6.4mabove the sector's middle half▼ 0.9%€6.2mabove the sector's middle half▼ 3.4%
Debt€0.05m-€0.1m▲ 215%€0.2m▲ 14.7%€0.05m▼ 72.2%€0.06m▲ 22.1%€0.03m▼ 38.0%€0.04m▲ 15.3%€0.03m▼ 14.4%
Working capital-€0.04m--€0.1m▼ 278%-€0.1mbelow the sector's middle half▲ 2.7%€5.5mabove the sector's middle half-€0.05mwithin the sector's middle half-€0.03mwithin the sector's middle half▲ 43.1%€0.08mwithin the sector's middle half-€0.03mwithin the sector's middle half
Solvency25.4%-82.4%▲ 57.0pp80.4%above the sector's middle half▼ 2.1pp99.3%above the sector's middle half▲ 19.0pp99.2%above the sector's middle half▼ 0.2pp99.5%above the sector's middle half▲ 0.3pp99.4%above the sector's middle half▼ 0.1pp99.5%above the sector's middle half▲ 0.1pp
Current ratio0.18-0.06▼ 0.120.21below the sector's middle half▲ 0.140.01below the sector's middle half0.09below the sector's middle half▲ 0.083.20within the sector's middle half▲ 3.110.00below the sector's middle half▼ 3.20
Return on assets (ROA)-12.5%-80.5%▲ 93.0pp0.1%below the sector's middle half▼ 80.4pp89.4%above the sector's middle half▲ 89.3pp-1.7%below the sector's middle half▼ 91.2pp-2.9%below the sector's middle half▼ 1.2pp-0.9%below the sector's middle half▲ 1.9pp-3.5%below the sector's middle half▼ 2.5pp
Staff (FTE)0below the sector's middle half0within the sector's middle half0within the sector's middle half
above
within
below
the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €6.2m
Equity
€6.1m ▼ 3.4%
Debt
€33,879 ▼ 14.4%
Debt's share of the balance-sheet total falls from 0.6% to 0.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€114,818▼
2024 · -€84,755
Cash flow
-€119,428▼
2024 · €33,504
Debt to equity
0.01▼
2024 · 0.01
ROE
-3.5%▼
2024 · -1.0%
Debt ≤ 1 year
€31,010▼
2024 · €37,019
Income taxes
€4,610
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 |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €0.05m | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.01m | €0.008m | €0.01m | €0.001m | €0.07m | €0.09m | €0.09m | €0.09m | ▲ 0.2% |
| Other operating charges640/8 | - | - | - | €120 | €0.001m | €0.007m | €0.005m | €0.005m | ▼ 6.3% |
| Non-recurring operating charges66A | - | - | - | €0.03m | €0 | - | - | €0.008m | - |
| Gross operating margin9900 | €0.003m | -€0.002m | €0.01m | -€0.1m | -€0.05m | -€0.09m | -€0.08m | -€0.1m | ▼ 28.0% |
| Operating profit (loss)9901 | -€0.007m | -€0.01m | €0.001m | -€0.1m | -€0.1m | -€0.2m | -€0.2m | -€0.2m | ▼ 16.9% |
| Financial income75/76B | - | - | - | €6.2m | €0 | - | €0.1m | €0 | ▼ 100% |
| Recurring financial income75 | - | €0.7m | €0 | €6.2m | €0 | - | €0.1m | €0 | ▼ 100% |
| Non-recurring financial income76B | - | - | - | €6.2m | €0 | - | €0.1m | €0 | ▼ 100% |
| Financial charges65/66B | - | - | - | €0.007m | €0.001m | €0 | €95 | €0 | ▼ 100% |
| Recurring financial charges65 | €158 | €270 | €135 | €0.007m | €0.001m | €0 | €95 | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | -€0.008m | €0.7m | €0.001m | €6.0m | -€0.1m | -€0.2m | -€0.06m | -€0.2m | ▼ 246% |
| Income taxes67/77 | €0 | - | - | - | - | - | - | €0.005m | - |
| Profit (loss) for the period9904 | -€0.008m | €0.7m | €0.001m | €6.0m | -€0.1m | -€0.2m | -€0.06m | -€0.2m | ▼ 253% |
| Profit (loss) for the period to be appropriated9905 | -€0.008m | €0.7m | €0.001m | €6.0m | -€0.1m | -€0.2m | -€0.06m | -€0.2m | ▼ 253% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.06m | €0.8m | €0.8m | €6.8m | €6.7m | €6.4m | €6.4m | €6.2m | ▼ 3.4% |
| Fixed assets21/28 | €0.05m | €0.8m | €0.8m | €1.3m | €6.7m | €6.4m | €6.3m | €6.2m | ▼ 1.6% |
| Intangible fixed assets21 | €0.04m | €0.03m | €0.02m | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €0.01m | €0.01m | €0.009m | €0.007m | €2.9m | €2.9m | €2.8m | €2.7m | ▼ 3.4% |
| Land and buildings22 | - | - | - | €0.007m | €2.8m | €2.9m | €2.8m | €2.7m | ▼ 3.3% |
| Plant, machinery and equipment23 | - | - | - | €0 | €0.006m | €0.005m | €0.005m | €0.003m | ▼ 38.3% |
| Furniture and vehicles24 | - | - | - | €0 | - | - | - | - | - |
| Financial fixed assets28 | €28 | €0.8m | €0.8m | €1.2m | €3.8m | €3.6m | €3.5m | €3.5m | ▼ 0.2% |
| Current assets29/58 | €0.008m | €0.009m | €0.03m | €5.5m | €495 | €0.003m | €0.1m | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | - | €0.002m | €0.02m | €0 | €495 | €0.003m | €0.1m | €0 | ▼ 100% |
| Trade receivables40 | - | - | - | €0 | - | - | €0.1m | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | €0 | €495 | €0.003m | €0 | - | - |
| Cash at bank and in hand54/58 | €0.008m | €0.006m | €0.02m | €5.5m | €0 | - | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.06m | €0.8m | €0.8m | €6.8m | €6.7m | €6.4m | €6.4m | €6.2m | ▼ 3.4% |
| Equity10/15 | €0.02m | €0.7m | €0.7m | €6.7m | €6.6m | €6.4m | €6.4m | €6.1m | ▼ 3.4% |
| Contributions10/11 | €0.006m | €0.006m | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Reserves13 | €0.002m | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | = |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Distributable reserves133 | - | - | - | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | = |
| Profit (loss) carried forward14 | €0.007m | €0.007m | €0.008m | €6.1m | €5.9m | €5.8m | €5.7m | €5.5m | ▼ 3.8% |
| Amounts payable17/49 | €0.05m | €0.1m | €0.2m | €0.05m | €0.06m | €0.03m | €0.04m | €0.03m | ▼ 14.4% |
| Amounts payable within one year42/48 | €0.04m | €0.1m | €0.2m | €0.05m | €0.06m | €0.03m | €0.04m | €0.03m | ▼ 16.2% |
| Trade debts44 | €0.001m | €0.001m | €0.01m | €0.01m | €0.005m | €0.003m | €0.003m | €0.002m | ▼ 42.5% |
| Suppliers440/4 | - | - | - | €0.01m | €0.005m | €0.003m | €0.003m | €0.002m | ▼ 42.5% |
| Taxes, remuneration and social security45 | - | - | - | €0.002m | €0 | - | €0.007m | €0.003m | ▼ 60.7% |
| Taxes450/3 | - | - | - | €0.002m | €0 | - | €0.007m | €0.003m | ▼ 60.7% |
| Other amounts payable47/48 | - | - | - | €0.03m | €0.05m | €0.03m | €0.03m | €0.03m | = |
| Accrued charges and deferred income492/3 | - | - | - | €125 | €125 | €125 | €0.003m | €0.003m | ▲ 12.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.008m | €0.7m | €0.001m | €6.0m | -€0.1m | -€0.2m | -€0.06m | -€0.2m | ▼ 253% |
| + Depreciation and write-downs630 | €0.01m | €0.008m | €0.01m | €0.001m | €0.07m | €0.09m | €0.09m | €0.09m | ▲ 0.2% |
| Operating cash flow (approximation) | €0.003m | €0.7m | €0.01m | €6.0m | -€0.05m | -€0.09m | €0.03m | -€0.1m | - |
| Investment in fixed assets (approximation) | - | -€0.8m | -€0.01m | -€0.5m | -€5.5m | €0.1m | €0.08m | €0.007m | ▼ 91.2% |
| Change in cash | - | -€0.002m | €0.01m | €5.5m | -€5.5m | - | - | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 14 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 31-07-2026 | 2026-00368532 |
| 31-12-2024 | abbreviated format | 29-08-2025 | 2025-00451123 |
| 31-12-2023 | abbreviated format | 11-07-2024 | 2024-00235813 |
| 31-12-2022 | abbreviated format | 29-08-2023 | 2023-00370595 |
| 31-12-2021 | abbreviated format | 28-10-2022 | 2022-20476744 |
| 31-12-2020 | abbreviated format | 01-03-2022 | 2022-07100003 |
| 31-12-2019 | abbreviated format | 10-11-2021 | 2021-77300548 |
| 31-12-2018 | micro format | 08-11-2021 | 2021-77100099 |
| 31-12-2017 | abbreviated format | 11-10-2018 | 2018-69200018 |
| 31-12-2015 | abbreviated format | 30-09-2016 | 2016-64100298 |
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Of the 82,475 active companies whose main activity is business and other management consultancy (NACE 70200), figures are known for 54,350. 9,829 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.