PARTICIBEL
ActivePARTICIBEL has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7.28M and a net result of €2.04M. Equity is growing by ~17.7% per year across the filed fiscal years. Its solvency ranks better than 95% of 3161 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
100
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+5
Solvency100=
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €750k at 30 days acceptable
Liquidity ample (current ratio 48.29 against 5.63 in 2024), and 1.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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 2025Solvency, return and age of the figures
Solvency
98.5%
Return on assets
27.7%
Age of the figures
11 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 30-09-2025 was due by 30-04-2026 and was filed on 21-04-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
55 d early
2023
76 d early
2022
112 d early
2021
89 d early
2020
128 d early
2019
114 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
12-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€2.04M▲ 104%
2024 · €1,000k
2018: €1.05M
2019: €2k
2021: €2k
2022: €533k
2023: €963k
2024: €1,000k
2018 → 2025
Working capital
€2.58M▲ 590%
2024 · €374k
2018: €-1.38M
2019: €-1.34M
2021: €-1.25M
2022: €-717k
2023: €141k
2024: €374k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.74M-€3.27M▲ 19.5%€4.24M▲ 29.4%€5.24M▲ 23.6%€7.28M▲ 39.0%
Operating result€5k-€37k▲ 606%€-12k€-5k▲ 56.8%€11k
Net result€2k-€533k▲ 27,982%€963k▲ 80.6%€1,000k▲ 3.9%€2.04M▲ 104%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €11k after a loss of €5k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.39M
Fixed assets
€4.75M▼ 4.0%
Current assets
€2.63M▲ 479%
Equity and liabilities €7.39M
Equity
€7.28M▲ 39.0%
Debt
€109k▼ 35.7%
The debt ratio falls from 3.1% to 1.5%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€33k▲
2024 · €17k
Cash flow
€2.07M▲
2024 · €1.02M
Solvency
98.5%▲
2024 · 96.9%
Current ratio
48.29▲
2024 · 5.63
Quick ratio
48.29▲
2024 · 5.63
Debt / equity
0.01▼
2024 · 0.03
ROE
28.1%▲
2024 · 19.1%
ROA
27.7%▲
2024 · 18.5%
Interest coverage
16.05▲
2024 · 3.96
Debt
€109k▼
2024 · €169k
Debt ≤ 1 year
€55k▼
2024 · €81k
Debt > 1 year
€53k▼
2024 · €88k
Staff costs
€132k▲
2024 · €95k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€5.40M€7.39M▲
Fixed assets21/28€4.95M€4.75M▼
Tangible fixed assets22/27€143k€124k▼
Plant, machinery and equipment23€143k€122k▼
Furniture and vehicles24-€2k
Financial fixed assets28€4.81M€4.63M▼
Current assets29/58€455k€2.63M▲
Amounts receivable within one year40/41€53k€2.02M▲
Trade receivables40€45k€47k▲
Other amounts receivable41€8k€1.97M▲
Cash at bank and in hand54/58€402k€614k▲
Deferred charges and accrued income490/1€151-
Equity and liabilities
Total equity and liabilities10/49€5.40M€7.39M▲
Equity10/15€5.24M€7.28M▲
Contributions10/11€600k€600k=
Reserves13€4.64M€6.68M▲
Non-distributable reserves130/1€117k€117k=
Reserves not available under the articles1311€117k€117k=
Distributable reserves133€4.52M€6.56M▲
Amounts payable17/49€169k€109k▼
Amounts payable after more than one year17€88k€53k▼
Financial debts170/4€88k€53k▼
Amounts payable within one year42/48€81k€55k▼
Current portion of amounts payable after more than one year42€29k€32k▲
Trade debts44€6k€476▼
Suppliers440/4€6k€476▼
Taxes, remuneration and social security45€18k€22k▲
Taxes450/3-€2k
Remuneration and social security454/9€18k€20k▲
Other amounts payable47/48€28k-
Accrued charges and deferred income492/3€863€888▲
Income statement
Code20242025
Remuneration, social security and pensions62€95k€132k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€22k▲
Other operating charges640/8€224€275▲
Gross operating margin9900€112k€166k▲
Operating profit (loss)9901€-5k€11k▲
Financial income75/76B€1.01M€2.03M▲
Recurring financial income75€1.01M€2.03M▲
Financial charges65/66B€4k€2k▼
Recurring financial charges65€4k€2k▼
Profit (loss) for the period before taxes9903€1,000k€2.04M▲
Profit (loss) for the period9904€1,000k€2.04M▲
Profit (loss) for the period to be appropriated9905€1,000k€2.04M▲
Appropriation of the result
Profit (loss) to be appropriated9906€1,000k€2.04M▲
Transfer to equity691/2€1,000k€2.04M▲
To other reserves6921€1,000k€2.04M▲
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
21-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-09
Financial
Highest result since 2018net €2.04M ▲104%
Net result €2.04M, the highest in the series.
30-09
Financial
Liquidity times 9current ratio 48.29
Current ratio from 5.63 to 48.29; short-term debt falls from €81k to €55k.
06-03
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-09
Financial
Liquidity quadruplescurrent ratio 5.63
Current ratio from 1.26 to 5.63; short-term debt falls from €542k to €81k.
30-09
Financial
Equity above €5MEq €5.24M ▲23.6%
6 profitable years in a row build equity to €5.24M.
14-02
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-09
Financial
Liquidity quadruplescurrent ratio 1.26
Current ratio from 0.32 to 1.26; short-term debt falls from €1.06M to €542k.
08-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
23-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
07-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
30-09
Financial
Weakest financial yearnet €2k ▼99.9%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
21-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
29-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
11-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Celles (lez-Tournai) · 1 establishment unit since 2015
Cannot 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.
Fauchy (VEL) 27760 Celles (lez-Tournai)Ground area
1.6 ha
Building footprint
686 m²
Volume, LiDAR
3,212 m³
2 parcels, Flanders, Wallonia · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Kruisstraat(Wijtsch) 12, 8953 Heuvelland
since 20152.248.599.560
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33032E0813/00L000 | Flanders | 1.4 ha | 1 · 377 m² | 9.2 m · 2 fl. |
| 57083D0687/00F000 | Wallonia | 1,136 m² | 1 · 309 m² | 7.3 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,218 companies in sector 70200 we hold annual accounts for 52,395. 8,591 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-01-2015
Fiscal year end30-09
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
77399Renting and leasing of other machinery, equipment and tangible goods
64200Holdings
64210Activities of holding companies
77221Rental and leasing activities
82100Office administrative and support services
82110Office administrative, office support and other business support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.