PARTICULE A
ActiveSummary
PARTICULE A has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €51,447 and a net result of €1,509. Equity is growing by ~35.7% per year across the filed fiscal years. Its solvency ranks better than 80% of 8737 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability58▼-17
Solvency100▲+4
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity ample (current ratio 6.15 against 3.4 in 2024; short-term debt: 15.6% and cash: 49.7% of total assets), and 15.6% of the assets are financed with debt.
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Signals
Five 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
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 2025Solvency, return and age of the figures
Solvency
84.4%
Return on assets
2.5%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
30 d late
2024
37 d early
2023
9 d late
2022
32 d late
2021
31 d late
2020
24 d late
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 17 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Equity
€51,447▲ 3.0%
2024 · €49,937
Total assets
€60,965▼ 13.8%
2024 · €70,704
Net result
€1,509▼ 85.8%
2024 · €10,663
Working capital
€49,030▼ 1.8%
2024 · €49,937
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€2,465▲ 90.9%€21,998€21,992=€13,567▼ 38.3%€2,920▼ 78.5%
Net result-€2,627below the sector's middle half▲ 90.3%€21,806within the sector's middle half€18,003within the sector's middle half▼ 17.4%€10,663within the sector's middle half▼ 40.8%€1,509within the sector's middle half▼ 85.8%
Equity-€3,802below the sector's middle half▼ 311%€17,205below the sector's middle half€40,608within the sector's middle half▲ 136%€49,937within the sector's middle half▲ 23.0%€51,447below the sector's middle half▲ 3.0%
Total assets€2,368below the sector's middle half▼ 77.5%€30,378below the sector's middle half▲ 1,183%€53,546below the sector's middle half▲ 76.3%€70,704below the sector's middle half▲ 32.0%€60,965below the sector's middle half▼ 13.8%
Debt€6,170▼ 46.0%€13,173▲ 114%€12,938▼ 1.8%€20,767▲ 60.5%€9,518▼ 54.2%
Working capital-€3,802▼ 255%€17,205€40,608▲ 136%€49,937▲ 23.0%€49,030▼ 1.8%
Solvency56.6%within the sector's middle half75.8%within the sector's middle half▲ 19.2pp70.6%within the sector's middle half▼ 5.2pp84.4%above the sector's middle half▲ 13.8pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 78% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €60,965
Fixed assets
€2,416
Current assets
€58,548
Equity and liabilities €60,965
Equity
€51,447 ▲ 3.0%
Debt
€9,518 ▼ 54.2%
Debt's share of the balance-sheet total falls from 29.4% to 15.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€3,502
Cash flow
€2,092
Current ratio
6.15▲
2024 · 3.40
Quick ratio
5.76▲
2024 · 3.21
Debt to equity
0.19▼
2024 · 0.42
ROE
2.9%▼
2024 · 21.4%
ROA
2.5%▼
2024 · 15.1%
Interest coverage
4.38
Debt ≤ 1 year
€9,518▼
2024 · €20,767
Income taxes
€716▼
2024 · €2,631
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,047 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 94% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
2.0%
went bankrupt
3.7%
stopped otherwise
94%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 5,047 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €145 | - | - | - | €582 | - |
| Other operating charges640/8 | €348 | €348 | €397 | €399 | €404 | ▲ 1.1% |
| Gross operating margin9900 | -€1,972 | €22,346 | €22,389 | €13,966 | €3,906 | ▼ 72.0% |
| Operating profit (loss)9901 | -€2,465 | €21,998 | €21,992 | €13,567 | €2,920 | ▼ 78.5% |
| Financial income75/76B | - | €24 | €47 | €84 | €106 | ▲ 26.3% |
| Recurring financial income75 | - | €24 | €47 | €84 | €106 | ▲ 26.3% |
| Financial charges65/66B | €163 | €216 | €268 | €357 | €800 | ▲ 124% |
| Recurring financial charges65 | €163 | €216 | €268 | €357 | €800 | ▲ 124% |
| Profit (loss) for the period before taxes9903 | -€2,627 | €21,806 | €21,770 | €13,293 | €2,226 | ▼ 83.3% |
| Income taxes67/77 | - | - | €3,767 | €2,631 | €716 | ▼ 72.8% |
| Profit (loss) for the period9904 | -€2,627 | €21,806 | €18,003 | €10,663 | €1,509 | ▼ 85.8% |
| Profit (loss) for the period to be appropriated9905 | -€2,627 | €21,806 | €18,003 | €10,663 | €1,509 | ▼ 85.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2,368 | €30,378 | €53,546 | €70,704 | €60,965 | ▼ 13.8% |
| Fixed assets21/28 | - | - | - | - | €2,416 | - |
| Tangible fixed assets22/27 | - | - | - | - | €2,416 | - |
| Furniture and vehicles24 | - | - | - | - | €2,416 | - |
| Current assets29/58 | €2,368 | €30,378 | €53,546 | €70,704 | €58,548 | ▼ 17.2% |
| Stocks and contracts in progress3 | - | - | €1,993 | €4,016 | €3,725 | ▼ 7.3% |
| Stocks30/36 | - | - | €1,993 | €4,016 | €3,725 | ▼ 7.3% |
| Amounts receivable within one year40/41 | €459 | €8,591 | €11,132 | €16,062 | €23,626 | ▲ 47.1% |
| Trade receivables40 | €217 | €8,591 | €11,132 | €15,192 | €19,343 | ▲ 27.3% |
| Other amounts receivable41 | €242 | - | - | €869 | €4,284 | ▲ 393% |
| Cash at bank and in hand54/58 | €1,910 | €21,787 | €39,971 | €47,513 | €30,272 | ▼ 36.3% |
| Deferred charges and accrued income490/1 | - | - | €450 | €3,113 | €926 | ▼ 70.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2,368 | €30,378 | €53,546 | €70,704 | €60,965 | ▼ 13.8% |
| Equity10/15 | -€3,802 | €17,205 | €40,608 | €49,937 | €51,447 | ▲ 3.0% |
| Contributions10/11 | €12,400 | €12,400 | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | €12,400 | €12,400 | €18,600 | €18,600 | €18,600 | = |
| Other1109/19 | €12,400 | €12,400 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€16,202 | €4,805 | €22,008 | €31,337 | €32,847 | ▲ 4.8% |
| Amounts payable17/49 | €6,170 | €13,173 | €12,938 | €20,767 | €9,518 | ▼ 54.2% |
| Amounts payable within one year42/48 | €6,170 | €13,173 | €12,938 | €20,767 | €9,518 | ▼ 54.2% |
| Financial debts43 | - | - | - | €730 | €11 | ▼ 98.5% |
| Credit institutions430/8 | - | - | - | €730 | €11 | ▼ 98.5% |
| Trade debts44 | €1,816 | €1,805 | €2,004 | €1,109 | €2,591 | ▲ 134% |
| Suppliers440/4 | €1,816 | €1,805 | €2,004 | €1,109 | €2,591 | ▲ 134% |
| Taxes, remuneration and social security45 | - | €2,650 | €5,191 | €11,418 | €1,478 | ▼ 87.1% |
| Taxes450/3 | - | €2,650 | €5,191 | €7,418 | €1,478 | ▼ 80.1% |
| Remuneration and social security454/9 | - | - | - | €4,000 | - | - |
| Other amounts payable47/48 | €4,354 | €8,718 | €5,743 | €7,509 | €5,438 | ▼ 27.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,627 | €21,806 | €18,003 | €10,663 | €1,509 | ▼ 85.8% |
| + Depreciation and write-downs630 | €145 | - | - | - | €582 | - |
| Operating cash flow (approximation) | -€2,482 | €21,806 | €18,003 | €10,663 | €2,092 | ▼ 80.4% |
| Change in cash | - | €19,877 | €18,184 | €7,542 | -€17,242 | ▼ 329% |
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 2026, expected by
2026
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 30 days late
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
09-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 9 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial
Back to profitnet €21,806
Net result €21,806 after 2 loss-making years.
31-12
Financial
Liquidity times 6current ratio 2.31
Current ratio from 0.38 to 2.31.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
31-12
Financial
Weakest financial yearnet -€27,054
Net result drops to -€27,054, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Elsene · 1 establishment unit since 2018
Ground area
2,732 m²
Building footprint
214 m²
Volume, LiDAR
2,912 m³
Parcel 21442A0079/00D011, Brussels · tallest building 19.6 m, ±6 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
PARTICULE A
since 20182.279.595.119
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21442A0079/00D011 | Brussels | 2,732 m² | 1 · 214 m² | 19.6 m · 6 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 82,642 companies in sector 70200 we hold annual accounts for 52,626. 38,245 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
Founded16-08-2018
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
74111Design of textile patterns, clothing, jewellery, furniture and decorative items
46423Wholesale of clothing, excluding workwear and underwear
47690Retail sale of other cultural and recreation goods
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
82100Office administrative and support services
Contact
E-mail
fabien@particule-a.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0700895175
Also
9925:BE0700895175
Registered
17-07-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.