Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of OBSERVATORIUM is 0.2% (very low). The 2024 annual accounts show equity of €22.36M and a net result of €952k. Equity is growing by ~27.1% per year across the filed fiscal years. Its solvency ranks better than 68% of 976 sector peers (fiscal year 2024). The company has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 7 annual accounts.
Signals
1 signal · with evidenceConsistently profitable
Positive net result in the two most recent financial years (2023 and 2024).
View the result trend Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wideDeadline passed, not yet counted as missing
The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 32 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.
Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-07-2025, 1 day ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | nothing on record | not filed | - |
| 31-12-2024 | 31-07-2025 | 30-07-2025 | 1 d early | 2025-00334084 |
| 31-12-2023 | 31-07-2024 | 31-07-2024 | on the day | 2024-00321571 |
| 31-12-2022 | 31-07-2023 | 18-07-2023 | 13 d early | 2023-00245373 |
| 31-12-2021 | 31-07-2022 | 25-07-2022 | 6 d early | 2022-20222818 |
| 31-12-2020 | 31-07-2021 | 29-07-2021 | 2 d early | 2021-42200519 |
| 31-12-2019 | 31-07-2020 | 15-07-2020 | 16 d early | 2020-31500095 |
| 31-12-2018 | 31-07-2019 | 30-07-2019 | 1 d early | 2019-43300125 |
| 31-12-2017 | 31-07-2018 | 27-07-2018 | 4 d early | 2018-40500219 |
| 31-12-2016 | 31-07-2017 | 28-07-2017 | 3 d early | 2017-39100048 |
| 31-12-2015 | 31-07-2016 | 18-07-2016 | 13 d early | 2016-33300518 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsLong-established
Founded in 2000, 26 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone0.2%
Very low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector
−Higher-failure-rate region
+Long track record
−
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
Turnover€1.41M-26.5%
EBIT margin15.0%+10.0pp
Net result€952k-88.7%
Working capital€9.13M-43.1%
Annual accounts & ratios
Source: NBB · 2024Annual accounts filed on 30-07-2025 with the NBB · fiscal year 2024 · volledig
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~27.1%/year over 7 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 70, Head offices & management consulting · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 63.0% | 39.7% | |
| Net result | €952k | €32k | |
| Equity | €22.36M | €152k | |
| Staff costs | €262k | €194k | |
| Employees (FTE) | 3.2 | 1.9 |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P68
Stable position over 2020-2024
· n=275-976
P92
Stable position over 2020-2024
· n=275-976
P91
Stable position over 2020-2024
· n=275-977
P56
Stable position over 2021-2024
· n=134-258
Describes the position versus peers, not a forecast.
€1.41M
-26.5%
18-24
€362k
+42.0%
18-24
€952k
-88.7%
18-24
€1.10M
-87.1%
18-24
€35.51M
+3.3%
18-24
€22.36M
-22.7%
18-24
€9.13M
-43.1%
18-24
3
-31.9%
18-24
Show 15 other metrics
€262k
-21.9%
18-24
€244k
+412.2%
18-24
€7.50M
+200.0%
18-24
€13.15M
+146.4%
18-24
€13.13M
+147.7%
18-24
€14k
-57.2%
18-24
1.70
-57.9%
18-24
1.70
-57.9%
18-24
63.0%
-25.1%
18-24
0.59
+218.7%
18-24
4.3%
-85.3%
18-24
2.7%
-89.0%
18-24
67.3%
-84.6%
18-24
25.6%
+93.2%
18-24
2.35
+191.2%
18-24
Figures by fiscal year
| Fiscal year | 2024 |
|---|---|
| Deposit | volledig |
| Revenue | €1.41M |
| EBITDA | €362k |
| Net profit | €952k |
| Cash flow | €1.10M |
| Staff costs | €262k |
| Income taxes | €244k |
| Dividends | €7.50M |
| Total assets | €35.51M |
| Equity | €22.36M |
| Debt | €13.15M |
| of which ≤ 1y | €13.13M |
| of which > 1y | €14k |
| Working capital | €9.13M |
| Employees (FTE) | 3.2 |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 1.70 |
| Quick ratio | 1.70 |
| Working capital ratio | 25.7% |
| Solvency | 63.0% |
| Debt / equity | 0.59 |
| Long-term debt ratio | 0.00 |
| Interest coverage | 2.35 |
| Gross margin | - |
| Net margin | 67.3% |
| ROA | 2.7% |
| ROE | 4.3% |
| EBITDA margin | 25.6% |
| Days sales outstanding | 42d |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2024
Full annual accounts (28 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €35.51M |
| Fixed assets | 21/28 | €13.25M |
| Intangible fixed assets | 21 | €4k |
| Tangible fixed assets | 22/27 | €1.50M |
| Financial fixed assets | 28 | €11.74M |
| Current assets | 29/58 | €22.26M |
| Stocks & contracts in progress | 3 | €0 |
| Amounts receivable within one year | 40/41 | €4.59M |
| Investments | 50/53 | €17.53M |
| Cash & bank | 54/58 | €145k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €35.51M |
| Equity | 10/15 | €22.36M |
| Contributions / capital | 10/11 | €398k |
| Reserves | 13 | €42k |
| Accumulated profits (losses) | 14 | €21.92M |
| Provisions & deferred taxes | 16 | €0 |
| Amounts payable | 17/49 | €13.15M |
| Amounts payable after one year | 17 | €14k |
| Amounts payable within one year | 42/48 | €13.13M |
| Trade debts payable within one year | 44 | €599k |
| Income statement | ||
| Turnover | 70 | €1.41M |
| Operating result | 9901 | €212k |
| Financial income | 75 | €975k |
| Financial charges | 65 | €172k |
| Result before taxes | 9903 | €1.07M |
| Income taxes | 67/77 | €244k |
| Net result for the period | 9904 | €952k |
| Result to be appropriated | 9905 | €1.32M |
This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2024 · computed86
/ 100
Excellent
Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Directors
Directors & mandates
4 directors10 of this company's 10 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing below: a director who resigned there may therefore still show here as sitting. See the acts under Publications.
Current directors & mandates
-
Current19-12-2017 → present
4 events
- 11-09-2023 Mandate renewed· Director
- 30-06-2023 Mandate renewed· Managing director
- 19-12-2017 Mandate renewed· Director
- 19-12-2017 Mandate renewed· Managing director
-
ARTS OFFICEPrivate limited companyDirector· perm. rep.: Simon DEVOLDERState Gazette act 23115543 (11-09-2023)Current20-12-2015 → present
3 events
- 11-09-2023 Mandate renewed· Director
- 19-12-2017 Mandate renewed· Director
- 20-12-2015 Appointed· Director
Former directors (2)
-
Former01-07-2017 → 28-02-2022
3 events
- 28-02-2022 Resigned· Director
- 19-12-2017 Mandate renewed· Director
- 01-07-2017 Appointed· Director
-
Former13-12-2016 → 01-01-2018
2 events
- 01-01-2018 Resigned· Director
- 13-12-2016 Appointed· Director
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies(70200) |
| Legal form | Public limited company(014) |
| Incorporation | 26-05-2000 |
| Status | Active |
| Postal code | 1050 |
Structure & network
Connections & network
2 connected companiesGroup structure
Sits on the board · 1 subsidiary · 1 location
Control→
We sit on their board · 4 locations
→
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.
Ownership & control
2 partiesControl over this companysits on this company's board1
1 subsidiary · 1 location
controls
OBSERVATORIUMBE 0471.981.214
controls
Where this company holds controlthis company sits on their board1
4 locations
Each band states what its claims rest on. A board seat is influence over the board, not ownership. Court mandates (receiver, interim administrator) and liquidation mandates do not link companies and are therefore absent here; they belong under Directors & mandates.
Locations & real estate
Registered office
from the Crossroads BankCannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Sint-Jorisstraat 6-81050 ElseneEstablishment units
1 locationSint-Jorisstraat 6-8, 1050 Elsene
since 20002.096.763.084
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area723 m²
Buildings1
Building footprint242 m²
Volume (LiDAR)4,053 m³
Tallest building32.3 m · ±6 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21447B0135/00H012 | Brussels | 723 m² | 1 · 241 m² | 32.3 m · 6 fl. |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
8 acts All acts · 8
updated 3 months ago
2026
07-05-2026 General meeting · Statute amendment · First fiscal year · Annual meeting schedule
- General meeting: date: 2026-04-28, type: assemblée générale extraordinaire · OBSERVATORIUM
- Statute amendment: article: 30, new_text: L'exercice social commence le 1er juillet pour se terminer le 30 juin de l'année suivante. · OBSERVATORIUM
- First fiscal year: end: 2026-12-31, start: 2026-07-01 · OBSERVATORIUM
- Statute amendment: article: 23, new_text: L'assemblée générale ordinaire se réunit annuellement le 15 décembre à 16 heures. Si ce jour est un samedi, un dimanche ou un jour férié, l'assemblée générale a lieu le jour ouvrable suivant. · OBSERVATORIUM
- Annual meeting schedule: date: 15 décembre, time: 16 heures · OBSERVATORIUM
- Accounting effect: current_fiscal_year_end: 2026-06-30, current_fiscal_year_start: 2026-01-01 · OBSERVATORIUM
- General meeting: date: 2026-12-15, time: 16 heures, type: assemblée générale ordinaire, purpose: se prononcera sur les comptes annuels arrêtés au 30 juin 2026 · OBSERVATORIUM
- Power of attorney: purpose: Procuration pour la coordination · OBSERVATORIUM
- Filing: date: 2026-05-05 · OBSERVATORIUM
- Publication: date: 2026-05-07, publication: Bijlagen bij het Belgisch Staatsblad - 07/05/2026 - Annexes du Moniteur belge · OBSERVATORIUM
- Act object: STATUTS (TRADUCTION, COORDINATION, AUTRES
Summary:
General meeting · Statute amendment · First fiscal year · Annual meeting schedule
2024
15-01-2024 Articles of association amended
Summary:
v3.2
2023
11-09-2023 3 reappointed
- François-Xavier Hufkens, Bestuurder
- Simon DEVOLDER, Bestuurder
- François-Xavier Hufkens, Gedelegeerd bestuurder
Summary:
v3.2
2022
21-03-2022 Elisabeth Van Caelenberge resigns as director
2018
08-02-2018 1 resigning, 4 reappointed
- Frédéric Grün, Bestuurder
- François-Xavier Hufkens, Bestuurder
- Elisabeth Van Caelenberge, Bestuurder
- Simon Devolder, Bestuurder
- François-Xavier Hufkens, Gedelegeerd bestuurder
Summary:
v3.2
2017
22-06-2017 Elisabeth Van Caelenberge appointed as director
2016
13-12-2016 2 directors appointed
2014
23-05-2014 Articles of association amended
Summary:
v3.2
Analysis
Financial profile
5 of 5 axes measured84
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
86
Profitability
74
Solvency
92
Growth
66
Stability
100
Credit advice
verdict per customer and amountSimilar
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We hold annual accounts for 15,459 of the 82,200 companies in this sector. 462 of them are within a factor 10 of this company's equity.
Company registry
Company registry (CBE)
Crossroads BankActivities
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220Overige adviesbureaus op het gebied van bedrijfsvoering en beheer74142Holdings64200Activiteiten van holdings64210Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen68203Verhuur van niet-residentiële gebouwen70203
Primary activity highlighted.
Names & trade names
| Legal nameFR | OBSERVATORIUM |
Registered office
Sint-Jorisstraat 6-8
1050 Elsene, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.