PARTNER Consultancy Services
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 14-10-2026 at the NBB all 10 filings
Turnover
≈ €670,000
Estimated: probably between €450,000 and €840,000
EBIT margin
Not included in this filing
Net result
€1,779
2024 · -€165,097
Working capital
-€414,657▲ 1.4%
2024 · -€420,519
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€44,692
2025
20182025
Net result
€1,779
2025
middle half of the sector
20182025
Equity
-€467,689
▲ 0.4%
2025
lowest quarter of the sector
20182025
Total assets
€783,000
▲ 23.2%
2025
highest quarter of the sector
20182025
Debt
€1.3m
▲ 13.2%
2025
20182025
Working capital
-€414,657
▲ 1.4%
2025
lowest quarter of the sector
20182025
Solvency
-59.7%
▲ 14.1pp
2025
lowest quarter of the sector
20182025
Current ratio
0.65
▲ 0.05
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
0.2%
▲ 26.2pp
2025
lowest quarter of the sector
20182025
Staff (FTE)
2.3
▼ 43.9%
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.04m--€0.2m-€0.08m▲ 64.7%€0.09m€0.05m▼ 39.3%€0.02m▼ 56.7%-€0.1m€0.04m
Net result€0.003m--€0.2m-€0.1mbelow the sector's middle half▲ 48.0%€0.02mwithin the sector's middle half€0.02mwithin the sector's middle half▼ 6.5%-€0.01mbelow the sector's middle half-€0.2mbelow the sector's middle half▼ 1,434%€0.002mwithin the sector's middle half
Equity€0.03m--€0.2m-€0.3mbelow the sector's middle half▼ 59.5%-€0.3mbelow the sector's middle half▲ 7.0%-€0.3mbelow the sector's middle half▲ 7.0%-€0.3mbelow the sector's middle half▼ 3.7%-€0.5mbelow the sector's middle half▼ 54.2%-€0.5mbelow the sector's middle half▲ 0.4%
Total assets€0.4m-€0.3m▼ 16.2%€0.4mabove the sector's middle half▲ 27.3%€0.3mwithin the sector's middle half▼ 27.4%€0.6mabove the sector's middle half▲ 104%€0.7mabove the sector's middle half▲ 8.0%€0.6mabove the sector's middle half▼ 5.4%€0.8mabove the sector's middle half▲ 23.2%
Debt€0.4m-€0.5m▲ 49.3%€0.8m▲ 39.9%€0.6m▼ 18.3%€0.9m▲ 47.5%€1.0m▲ 6.6%€1.1m▲ 13.2%€1.3m▲ 13.2%
Working capital€0.02m--€0.2m-€0.3mbelow the sector's middle half▼ 57.1%-€0.3mbelow the sector's middle half▲ 3.0%-€0.2mbelow the sector's middle half▲ 27.1%-€0.3mbelow the sector's middle half▼ 4.7%-€0.4mbelow the sector's middle half▼ 64.3%-€0.4mbelow the sector's middle half▲ 1.4%
Solvency7.7%--64.5%▼ 72.2pp-80.8%below the sector's middle half▼ 16.3pp-103.6%below the sector's middle half▼ 22.8pp-47.2%below the sector's middle half▲ 56.4pp-45.3%below the sector's middle half▲ 1.9pp-73.9%below the sector's middle half▼ 28.6pp-59.7%below the sector's middle half▲ 14.1pp
Current ratio1.06-0.59▼ 0.470.54below the sector's middle half▼ 0.050.46below the sector's middle half▼ 0.090.71below the sector's middle half▲ 0.250.72below the sector's middle half▲ 0.010.59below the sector's middle half▼ 0.120.65below the sector's middle half▲ 0.05
Return on assets (ROA)0.7%--73.7%▼ 74.4pp-30.1%below the sector's middle half▲ 43.6pp7.8%within the sector's middle half▲ 37.9pp3.6%within the sector's middle half▼ 4.2pp-1.6%below the sector's middle half▼ 5.2pp-26.0%below the sector's middle half▼ 24.4pp0.2%below the sector's middle half▲ 26.2pp
Staff (FTE)14.5-5.85▼ 13.8%4.1▼ 18.0%2.3▼ 43.9%
above
within
below
The sector band is the middle half of the companies in Architectural and engineering activities; technical testing and analysis (NACE 71). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a profit of €44,692, after a loss of €132,606 in 2024. It is the highest result since 2022.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €783,000
Fixed assets
€14,833 ▼ 21.9%
Current assets
€768,167 ▲ 24.6%
Equity and liabilities
Equity-€467,689
Debt€1.3m
Equity is negative. Debt (€1.3m) exceeds the balance-sheet total (€783,000).
Key figures and ratios
Debt ≤ 1 year
€1.2m▲
2024 · €1.0m
Income taxes
€17,720▲
2024 · €2,006
Staff costs
€210,728▼
2024 · €253,364
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 7 | 4 | 4 | 2 |
| full-time | 6 | 4 | 4 | 2 |
| part-time | 1 | - | - | - |
| in full-time equivalents | 6.6 | 4 | 4 | 2 |
| Average over the year, in full-time equivalents | 5.8 | 5 | 4.1 | 2.3 |
| On a permanent contract | 7 | 4 | 4 | 2 |
| Joined | 4 | 3 | 1 | 1 |
| Left | 2 | 6 | 1 | 3 |
Source: social balance sheet in the 2022 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Financial fixed assets | €13,135 | - | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | - | €0.02m | - |
| Remuneration, social security and pensions62 | - | - | - | €0.4m | €0.4m | €0.4m | €0.3m | €0.2m | ▼ 16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.001m | €0.001m | €0.001m | - | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €0.05m | €0.1m | €0.01m | €0.1m | €0.003m | ▼ 97.6% |
| Non-recurring operating charges66A | - | - | - | - | €0.001m | - | - | - | - |
| Gross operating margin9900 | €1.1m | €0.8m | €0.5m | €0.6m | €0.6m | €0.5m | €0.3m | €0.3m | ▲ 0.1% |
| Operating profit (loss)9901 | €0.04m | -€0.2m | -€0.08m | €0.09m | €0.05m | €0.02m | -€0.1m | €0.04m | - |
| Financial income75/76B | - | - | - | €0.007m | €195 | €38 | - | €6 | - |
| Recurring financial income75 | €136 | €0.002m | €0.004m | €0.007m | €3 | €38 | - | €6 | - |
| Non-recurring financial income76B | - | - | - | - | €192 | - | - | - | - |
| Financial charges65/66B | - | - | - | €0.07m | €0.03m | €0.02m | €0.03m | €0.03m | ▼ 17.3% |
| Recurring financial charges65 | €0.01m | €0.02m | €0.05m | €0.07m | €0.03m | €0.02m | €0.03m | €0.03m | ▼ 17.3% |
| Profit (loss) for the period before taxes9903 | €0.02m | -€0.2m | -€0.1m | €0.02m | €0.02m | €11 | -€0.2m | €0.02m | - |
| Income taxes67/77 | €0.02m | €0.001m | €0.008m | €0.001m | €0.003m | €0.01m | €0.002m | €0.02m | ▲ 783% |
| Profit (loss) for the period9904 | €0.003m | -€0.2m | -€0.1m | €0.02m | €0.02m | -€0.01m | -€0.2m | €0.002m | - |
| Profit (loss) for the period to be appropriated9905 | €0.003m | -€0.2m | -€0.1m | €0.02m | €0.02m | -€0.01m | -€0.2m | €0.002m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.4m | €0.3m | €0.4m | €0.3m | €0.6m | €0.7m | €0.6m | €0.8m | ▲ 23.2% |
| Fixed assets21/28 | €0.008m | €0.007m | €0.006m | €0.02m | €0.02m | €0.02m | €0.02m | €0.01m | ▼ 21.9% |
| Tangible fixed assets22/27 | €0.002m | €0.001m | - | - | - | - | - | - | - |
| Financial fixed assets28 | €0.006m | €0.006m | €0.006m | €0.02m | €0.02m | €0.02m | €0.02m | €0.01m | ▼ 21.9% |
| Current assets29/58 | €0.4m | €0.3m | €0.4m | €0.3m | €0.6m | €0.7m | €0.6m | €0.8m | ▲ 24.6% |
| Amounts receivable within one year40/41 | €0.2m | €0.3m | €0.4m | €0.3m | €0.6m | €0.6m | €0.6m | €0.8m | ▲ 29.6% |
| Trade receivables40 | - | - | - | €0.09m | €0.4m | €0.2m | €0.3m | €0.2m | ▼ 20.2% |
| Other amounts receivable41 | - | - | - | €0.2m | €0.2m | €0.4m | €0.3m | €0.5m | ▲ 81.1% |
| Current investments50/53 | - | - | - | - | - | - | €0.01m | - | - |
| Cash at bank and in hand54/58 | €0.2m | €325 | €0.001m | €0.008m | - | €0.09m | - | €2 | - |
| Deferred charges and accrued income490/1 | - | - | - | - | €0.02m | €0.01m | €0.01m | €0.004m | ▼ 72.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.4m | €0.3m | €0.4m | €0.3m | €0.6m | €0.7m | €0.6m | €0.8m | ▲ 23.2% |
| Equity10/15 | €0.03m | -€0.2m | -€0.3m | -€0.3m | -€0.3m | -€0.3m | -€0.5m | -€0.5m | ▲ 0.4% |
| Contributions10/11 | €0.006m | €0.006m | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Reserves13 | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| 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 | = |
| Profit (loss) carried forward14 | €0.02m | -€0.2m | -€0.3m | -€0.3m | -€0.3m | -€0.3m | -€0.5m | -€0.5m | ▲ 0.4% |
| Amounts payable17/49 | €0.4m | €0.5m | €0.8m | €0.6m | €0.9m | €1.0m | €1.1m | €1.3m | ▲ 13.2% |
| Amounts payable within one year42/48 | €0.4m | €0.5m | €0.8m | €0.6m | €0.8m | €0.9m | €1.0m | €1.2m | ▲ 14.1% |
| Financial debts43 | - | - | - | €0.05m | €0.006m | - | - | €0.05m | - |
| Credit institutions430/8 | - | - | - | €0.05m | €0.006m | - | - | €0.05m | - |
| Trade debts44 | €0.1m | €0.2m | €0.3m | €0.2m | €0.6m | €0.8m | €0.9m | €1.0m | ▲ 15.4% |
| Suppliers440/4 | - | - | - | €0.2m | €0.6m | €0.8m | €0.9m | €1.0m | ▲ 18.0% |
| Bills of exchange payable441 | - | - | - | - | - | - | €0.02m | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0.07m | €0.1m | €0.1m | €0.07m | €0.06m | ▼ 15.4% |
| Taxes450/3 | - | - | - | €0.04m | €0.05m | €0.1m | €0.04m | €0.03m | ▼ 27.1% |
| Remuneration and social security454/9 | - | - | - | €0.03m | €0.07m | €0.01m | €0.03m | €0.03m | ▲ 1.5% |
| Other amounts payable47/48 | - | - | - | €0.3m | €0.09m | - | €0.08m | €0.05m | ▼ 37.8% |
| Accrued charges and deferred income492/3 | - | - | - | - | €0.07m | €0.07m | €0.07m | €0.07m | ▼ 0.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,890 | -€243,237 | -€126,604 | €23,630 | €22,085 | -€10,764 | -€165,097 | €1,779 | - |
| + Depreciation and write-downs630 | €976 | €976 | €977 | - | - | - | - | - | - |
| Operating cash flow (approximation) | €3,866 | -€242,260 | -€125,628 | €23,630 | €22,085 | -€10,764 | -€165,097 | €1,779 | - |
| Investment in fixed assets (approximation) | - | -€580 | €0 | -€13,135 | €590 | €0 | €0 | €4,165 | - |
| Change in cash | - | -€161,669 | €967 | €6,259 | - | - | - | - | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,379 companies had the same profile as PARTNER Consultancy Services has now. Two years later, 94.3% were still going and 2.4% had gone bankrupt.
- Micro
- 10 to 20 years old
- negative equity
- a profit under 5% of the balance sheet
94.3%
was still going
3.2%
stopped otherwise
2.4%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of PARTNER Consultancy Services itself: 2.8% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,379 companies, not a prediction for PARTNER Consultancy Services. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 14-10-2026 | 2026-00565556 | |
| 31-12-2024 | micro format | 06-10-2025 | 2025-00531757 | |
| 31-12-2023 | micro format | 21-11-2024 | 2024-00603507 | |
| 31-12-2022 | micro format | 27-06-2024 | 2024-00204000 | |
| 31-12-2021 | micro format | 20-10-2022 | 2022-20472948 | |
| 31-12-2020 | micro format | 20-08-2021 | 2021-50700379 | |
| 31-12-2019 | micro format | 30-10-2020 | 2020-65000234 | |
| 31-12-2018 | full format | 27-09-2019 | 2019-66800045 | |
| 31-12-2017 | full format | 14-08-2018 | 2018-45900492 | |
| 31-12-2016 | full format | 04-09-2017 | 2017-59500474 |