PAGE4
ActiveSummary
PAGE4 has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €446k and a net result of €159k. Equity is growing by ~37.5% per year across the filed fiscal years. Its solvency ranks better than 35% of 123 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2026
Axes · tick = 2025
Profitability86▼-5
Solvency63▼-24
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 1.52 against 3.91 in 2025; short-term debt: 24.2% and cash: 28.3% of total assets), but 62% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
38%
Return on assets
13.5%
Age of the figures
3 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2026 was due by 31-01-2027 and was filed on 16-07-2026, 199 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
199 d early
2025
204 d early
2024
197 d early
2023
197 d early
2022
203 d early
2021
82 d early
2020
157 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2027 and is due by 31-01-2028. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-06-2027 close31-01-2028 deadline
Financials · fiscal year 2026, abbreviated schema
Turnover
€244k
EBIT margin
41.9%
Net result
€159k=
2025 · €159k
2019: €17klowest in 8 years
2020: €89k▲ +431% vs 2019
2021: €77k▼ -13.8% vs 2020
2022: €125k▲ +62.8% vs 2021
2023: €141k▲ +13.3% vs 2022
2024: €135k▼ -4.3% vs 2023
2025: €159k▲ +17.4% vs 2024highest in 8 years
2026: €159k● -0.0% vs 2025
2019 → 2026
Working capital
€148k▼ 59.2%
2025 · €364k
2019: €-116klowest in 8 years
2020: €14k▲ +112% vs 2019
2021: €54k▲ +288% vs 2020
2022: €173k▲ +221% vs 2021
2023: €227k▲ +31.2% vs 2022
2024: €329k▲ +45.0% vs 2023
2025: €364k▲ +10.6% vs 2024highest in 8 years
2026: €148k▼ -59.2% vs 2025
2019 → 2026
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023202420252026Trend
Equity€224k-€275k▲ 22.7%€404k▲ 46.8%€561k▲ 39.0%€446k▼ 20.5%
2022: €224klowest in 5 years
2023: €275k▲ +22.7% vs 2022
2024: €404k▲ +46.8% vs 2023
2025: €561k▲ +39.0% vs 2024highest in 5 years
2026: €446k▼ -20.5% vs 2025
Operating result€153k-€203k▲ 32.8%€192k▼ 5.4%€232k▲ 21.0%€248k▲ 7.1%
2022: €153klowest in 5 years
2023: €203k▲ +32.8% vs 2022
2024: €192k▼ -5.4% vs 2023
2025: €232k▲ +21.0% vs 2024
2026: €248k▲ +7.1% vs 2025highest in 5 years
Net result€125k-€141k▲ 13.3%€135k▼ 4.3%€159k▲ 17.4%€159k=
2022: €125klowest in 5 years
2023: €141k▲ +13.3% vs 2022
2024: €135k▼ -4.3% vs 2023
2025: €159k▲ +17.4% vs 2024highest in 5 years
2026: €159k● -0.0% vs 2025
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 2024 the operating result has climbed two years in a row; 2026 is 7% above 2025 and is the highest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €1.18M
Fixed assets
€742k ▲ 76.0%
Current assets
€433k ▼ 11.3%
Equity and liabilities €1.18M
Equity
€446k ▼ 20.5%
Debt
€729k ▲ 109%
Debt's share of the balance-sheet total rises from 38.3% to 62.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€283k▲
2025 · €256k
Cash flow
€194k▲
2025 · €183k
Current ratio
1.52▼
2025 · 3.91
Debt to equity
1.63▲
2025 · 0.62
ROE
35.6%▲
2025 · 28.3%
ROA
13.5%▼
2025 · 17.5%
Interest coverage
16.15▼
2025 · 23.32
Debt ≤ 1 year
€285k▲
2025 · €125k
Debt > 1 year
€408k▲
2025 · €224k
Income taxes
€77k▲
2025 · €72k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2026 against 2025 · 49 lines
Balance sheet
Code20252026
Assets
Total assets20/58€910k€1.18M▲
Fixed assets21/28€422k€742k▲
Tangible fixed assets22/27€82k€402k▲
Land and buildings22-€341k
Furniture and vehicles24€82k€61k▼
Financial fixed assets28€340k€340k=
Current assets29/58€488k€433k▼
Amounts receivable after more than one year29€200k-
Other amounts receivable291€200k-
Amounts receivable within one year40/41€54k€87k▲
Trade receivables40€51k€87k▲
Other amounts receivable41€3k-
Cash at bank and in hand54/58€221k€332k▲
Deferred charges and accrued income490/1€13k€14k▲
Equity and liabilities
Total equity and liabilities10/49€910k€1.18M▲
Equity10/15€561k€446k▼
Contributions10/11€1k€1k=
Reserves13€560k€445k▼
Distributable reserves133€560k€445k▼
Amounts payable17/49€349k€729k▲
Amounts payable after more than one year17€224k€408k▲
Financial debts170/4€224k€408k▲
Amounts payable within one year42/48€125k€285k▲
Current portion of amounts payable after more than one year42€76k€106k▲
Trade debts44€3k€2k▼
Suppliers440/4€3k€2k▼
Taxes, remuneration and social security45€21k€20k▼
Taxes450/3€21k€20k▼
Other amounts payable47/48€24k€157k▲
Accrued charges and deferred income492/3-€37k
Income statement
Code20252026
Non-recurring operating income76A€340-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€35k▲
Other operating charges640/8€4k€4k▲
Gross operating margin9900€260k€287k▲
Operating profit (loss)9901€232k€248k▲
Financial income75/76B€10k€5k▼
Recurring financial income75€10k€5k▼
Financial charges65/66B€11k€18k▲
Recurring financial charges65€11k€18k▲
Profit (loss) for the period before taxes9903€231k€236k▲
Income taxes67/77€72k€77k▲
Profit (loss) for the period9904€159k€159k=
Profit (loss) for the period to be appropriated9905€159k€159k=
Appropriation of the result
Profit (loss) to be appropriated9906€159k€159k=
Transfer from equity791/2-€274k
Transfer to equity691/2€157k€159k▲
To other reserves6921€157k€159k▲
Profit to be distributed694/7€2k€274k▲
Return on contributions (dividend)694€2k€274k▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €340 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €30k | €30k | €29k | €24k | €35k | ▲ 42.9% |
| Other operating charges640/8 | €4k | €4k | €6k | €4k | €4k | ▲ 21.4% |
| Non-recurring operating charges66A | - | - | €7k | - | - | - |
| Gross operating margin9900 | €186k | €237k | €234k | €260k | €287k | ▲ 10.6% |
| Operating profit (loss)9901 | €153k | €203k | €192k | €232k | €248k | ▲ 7.1% |
| Financial income75/76B | €20k | - | €5k | €10k | €5k | ▼ 47.4% |
| Recurring financial income75 | €20k | - | €5k | €10k | €5k | ▼ 47.4% |
| Financial charges65/66B | €2k | €2k | €4k | €11k | €18k | ▲ 59.5% |
| Recurring financial charges65 | €2k | €2k | €4k | €11k | €18k | ▲ 59.5% |
| Profit (loss) for the period before taxes9903 | €171k | €201k | €193k | €231k | €236k | ▲ 2.2% |
| Income taxes67/77 | €46k | €60k | €57k | €72k | €77k | ▲ 7.1% |
| Profit (loss) for the period9904 | €125k | €141k | €135k | €159k | €159k | = |
| Profit (loss) for the period to be appropriated9905 | €125k | €141k | €135k | €159k | €159k | = |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €342k | €412k | €573k | €910k | €1.18M | ▲ 29.2% |
| Fixed assets21/28 | €122k | €92k | €146k | €422k | €742k | ▲ 76.0% |
| Tangible fixed assets22/27 | €102k | €72k | €126k | €82k | €402k | ▲ 392% |
| Land and buildings22 | - | - | - | - | €341k | - |
| Plant, machinery and equipment23 | €368 | €112 | - | - | - | - |
| Furniture and vehicles24 | €2k | €927 | €106k | €82k | €61k | ▼ 24.9% |
| Leasing and similar rights25 | €100k | €71k | €20k | - | - | - |
| Financial fixed assets28 | €20k | €20k | €20k | €340k | €340k | = |
| Current assets29/58 | €220k | €321k | €428k | €488k | €433k | ▼ 11.3% |
| Amounts receivable after more than one year29 | - | - | €200k | €200k | - | - |
| Other amounts receivable291 | - | - | €200k | €200k | - | - |
| Amounts receivable within one year40/41 | €39k | €38k | €47k | €54k | €87k | ▲ 60.3% |
| Trade receivables40 | €35k | €38k | €37k | €51k | €87k | ▲ 69.9% |
| Other amounts receivable41 | €4k | - | €10k | €3k | - | - |
| Cash at bank and in hand54/58 | €175k | €277k | €166k | €221k | €332k | ▲ 50.3% |
| Deferred charges and accrued income490/1 | €5k | €6k | €14k | €13k | €14k | ▲ 7.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €342k | €412k | €573k | €910k | €1.18M | ▲ 29.2% |
| Equity10/15 | €224k | €275k | €404k | €561k | €446k | ▼ 20.5% |
| Contributions10/11 | €85k | €1k | €1k | €1k | €1k | = |
| Outside capital11 | €85k | - | - | - | - | - |
| Share premium1100/10 | €85k | - | - | - | - | - |
| Reserves13 | €139k | €274k | €403k | €560k | €445k | ▼ 20.6% |
| Distributable reserves133 | €139k | €274k | €403k | €560k | €445k | ▼ 20.6% |
| Amounts payable17/49 | €117k | €137k | €169k | €349k | €729k | ▲ 109% |
| Amounts payable after more than one year17 | €71k | €43k | €70k | €224k | €408k | ▲ 82.2% |
| Financial debts170/4 | €71k | €43k | €70k | €224k | €408k | ▲ 82.2% |
| Amounts payable within one year42/48 | €47k | €94k | €99k | €125k | €285k | ▲ 128% |
| Current portion of amounts payable after more than one year42 | €27k | €27k | €38k | €76k | €106k | ▲ 38.5% |
| Trade debts44 | €1k | €1k | €2k | €3k | €2k | ▼ 33.8% |
| Suppliers440/4 | €1k | €1k | €2k | €3k | €2k | ▼ 33.8% |
| Taxes, remuneration and social security45 | €6k | €4k | €10k | €21k | €20k | ▼ 7.2% |
| Taxes450/3 | €6k | €4k | €10k | €21k | €20k | ▼ 7.2% |
| Other amounts payable47/48 | €12k | €61k | €49k | €24k | €157k | ▲ 553% |
| Accrued charges and deferred income492/3 | - | - | - | - | €37k | - |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €125k | €141k | €135k | €159k | €159k | = |
| + Depreciation and write-downs630 | €30k | €30k | €29k | €24k | €35k | ▲ 42.9% |
| Operating cash flow (approximation) | €155k | €172k | €165k | €183k | €194k | ▲ 5.6% |
| Investment in fixed assets (approximation) | - | €0 | €-83k | €-300k | €-355k | ▼ 18.2% |
| Change in cash | - | €101k | €-110k | €55k | €111k | ▲ 102% |
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
Next filing, fiscal year 2027, expected by
2026
16-07
NBB filing
Annual accounts filed
fiscal year 2026 · abbreviated schema
2025
11-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
30-06
Financial
Highest result since 2019net €159k ▲17.4%
Net result €159k, the highest in the series.
30-06
Financial
Equity above €500kEq €561k ▲39%
7 profitable years in a row build equity to €561k.
2024
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial
Liquidity triplescurrent ratio 4.69
Current ratio from 1.77 to 4.69; short-term debt falls from €70k to €47k.
30-06
Financial
Equity above €200kEq €224k ▲112%
4 profitable years in a row build equity to €224k.
2021
10-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Equity above €100kEq €106k ▲205%
3 profitable years in a row build equity to €106k.
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Show earlier events
30-06
Financial
Liquidity times 9current ratio 1.18
Current ratio from 0.12 to 1.18; short-term debt falls from €132k to €78k.
2019
19-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
04-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
14-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Tielt · 1 establishment unit since 2011
Ground area
1,564 m²
Building footprint
171 m²
Volume, LiDAR
765 m³
Parcel 37015A0950/00K000, Flanders · tallest building 8.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Page4
since 20112.201.999.077
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37015A0950/00K000 | Flanders | 1,564 m² | 1 · 171 m² | 8.6 m · 1 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.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 35,544 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
Founded29-08-2011
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.