REACH
ActiveSummary
REACH has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €206,630 and a net result of €50,717. Equity is growing by ~29.6% per year across the filed fiscal years. Its solvency ranks better than 62% of 37948 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability90▼-1
Solvency94▲+11
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17,000 at 30 days acceptable
Liquidity ample (current ratio 3.15 against 2.51 in 2023; short-term debt: 17.2% and cash: 9.5% of total assets), and 31% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Three 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 · 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 31-12-2024 was due by 31-07-2025 and was filed on 11-06-2025, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
50 d early
2023
37 d early
2022
75 d early
2021
39 d early
2020
67 d early
2019
14 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 47 days before 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 (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€206,630▲ 32.5%
2023 · €155,913
Total assets
€299,580▲ 10.7%
2023 · €270,581
Net result
€50,717▲ 7.1%
2023 · €47,377
Working capital
€111,296▲ 39.6%
2023 · €79,732
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
Line20202021202220232024
Operating result€81,293▲ 3.6%€80,083▼ 1.5%€78,795▼ 1.6%€73,270▼ 7.0%€73,538▲ 0.4%
Net result€58,552above the sector's middle half▼ 1.6%€63,773above the sector's middle half▲ 8.9%€56,924within the sector's middle half▼ 10.7%€47,377within the sector's middle half▼ 16.8%€50,717within the sector's middle half▲ 7.1%
Equity€102,110within the sector's middle half▲ 134%€102,110within the sector's middle half=€144,033within the sector's middle half▲ 41.1%€155,913within the sector's middle half▲ 8.2%€206,630within the sector's middle half▲ 32.5%
Total assets€225,840within the sector's middle half▲ 21.2%€265,136within the sector's middle half▲ 17.4%€291,417within the sector's middle half▲ 9.9%€270,581within the sector's middle half▼ 7.1%€299,580within the sector's middle half▲ 10.7%
Debt€123,730▼ 13.4%€163,026▲ 31.8%€147,384▼ 9.6%€114,668▼ 22.2%€92,950▼ 18.9%
Working capital€67,486▲ 339%€34,585▼ 48.8%€75,360▲ 118%€79,732▲ 5.8%€111,296▲ 39.6%
Solvency45.2%within the sector's middle half▲ 21.8pp38.5%within the sector's middle half▼ 6.7pp49.4%within the sector's middle half▲ 10.9pp57.6%within the sector's middle half▲ 8.2pp69.0%within the sector's middle half▲ 11.4pp
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 micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 0% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €299,580
Fixed assets
€136,610 ▼ 1.2%
Current assets
€162,971 ▲ 23.1%
Equity and liabilities €299,580
Equity
€206,630 ▲ 32.5%
Debt
€92,950 ▼ 18.9%
Debt's share of the balance-sheet total falls from 42.4% to 31.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€95,257▲
2023 · €92,963
Cash flow
€72,437▲
2023 · €67,070
Current ratio
3.15▲
2023 · 2.51
Quick ratio
3.03▲
2023 · 2.48
Debt to equity
0.45▼
2023 · 0.74
ROE
24.5%▼
2023 · 30.4%
ROA
16.9%▼
2023 · 17.5%
Interest coverage
21.34▲
2023 · 14.06
Debt ≤ 1 year
€51,675▼
2023 · €52,629
Debt > 1 year
€41,275▼
2023 · €62,040
Income taxes
€20,658▼
2023 · €22,103
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
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 34,672 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €12,536 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,686 | €23,491 | €11,176 | €19,693 | €21,720 | ▲ 10.3% |
| Other operating charges640/8 | - | €1,048 | €914 | €1,448 | €2,506 | ▲ 73.1% |
| Gross operating margin9900 | €103,153 | €104,622 | €90,885 | €94,411 | €97,763 | ▲ 3.6% |
| Operating profit (loss)9901 | €81,293 | €80,083 | €78,795 | €73,270 | €73,538 | ▲ 0.4% |
| Financial income75/76B | - | €2,482 | €2,485 | €2,820 | €2,301 | ▼ 18.4% |
| Recurring financial income75 | €20 | €2,482 | €2,485 | €2,820 | €2,301 | ▼ 18.4% |
| Financial charges65/66B | - | €3,086 | €3,937 | €6,610 | €4,463 | ▼ 32.5% |
| Recurring financial charges65 | €3,031 | €3,086 | €3,937 | €6,610 | €4,463 | ▼ 32.5% |
| Profit (loss) for the period before taxes9903 | €78,282 | €79,479 | €77,343 | €69,480 | €71,376 | ▲ 2.7% |
| Income taxes67/77 | €19,730 | €15,706 | €20,420 | €22,103 | €20,658 | ▼ 6.5% |
| Profit (loss) for the period9904 | €58,552 | €63,773 | €56,924 | €47,377 | €50,717 | ▲ 7.1% |
| Profit (loss) for the period to be appropriated9905 | €58,552 | €63,773 | €56,924 | €47,377 | €50,717 | ▲ 7.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €225,840 | €265,136 | €291,417 | €270,581 | €299,580 | ▲ 10.7% |
| Fixed assets21/28 | €109,824 | €119,529 | €152,323 | €138,221 | €136,610 | ▼ 1.2% |
| Tangible fixed assets22/27 | €109,574 | €119,279 | €152,073 | €138,221 | €136,360 | ▼ 1.3% |
| Land and buildings22 | - | €87,202 | €87,306 | €83,366 | €82,939 | ▼ 0.5% |
| Plant, machinery and equipment23 | - | - | - | - | €2,104 | - |
| Furniture and vehicles24 | - | €32,078 | €64,767 | €54,855 | €51,317 | ▼ 6.4% |
| Financial fixed assets28 | €250 | €250 | €250 | €0 | €250 | - |
| Current assets29/58 | €116,016 | €145,606 | €139,094 | €132,360 | €162,971 | ▲ 23.1% |
| Amounts receivable after more than one year29 | - | €90,000 | €90,000 | €90,000 | €50,000 | ▼ 44.4% |
| Other amounts receivable291 | - | €90,000 | €90,000 | €90,000 | €50,000 | ▼ 44.4% |
| Stocks and contracts in progress3 | - | - | - | €1,824 | €6,596 | ▲ 262% |
| Stocks30/36 | - | - | - | €1,824 | €6,596 | ▲ 262% |
| Amounts receivable within one year40/41 | €36,757 | €39,290 | €41,765 | €27,729 | €76,926 | ▲ 177% |
| Trade receivables40 | - | €34,951 | €25,559 | €21,338 | €31,618 | ▲ 48.2% |
| Other amounts receivable41 | - | €4,339 | €16,205 | €6,390 | €45,308 | ▲ 609% |
| Cash at bank and in hand54/58 | €78,464 | €15,494 | €7,329 | €12,211 | €28,569 | ▲ 134% |
| Deferred charges and accrued income490/1 | - | €822 | €0 | €596 | €880 | ▲ 47.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €225,840 | €265,136 | €291,417 | €270,581 | €299,580 | ▲ 10.7% |
| Equity10/15 | €102,110 | €102,110 | €144,033 | €155,913 | €206,630 | ▲ 32.5% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €95,910 | €95,910 | €137,833 | €149,713 | €200,430 | ▲ 33.9% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €0 | ▼ 100% |
| Distributable reserves133 | - | €94,050 | €135,973 | €147,853 | €200,430 | ▲ 35.6% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €123,730 | €163,026 | €147,384 | €114,668 | €92,950 | ▼ 18.9% |
| Amounts payable after more than one year17 | €73,743 | €51,282 | €82,227 | €62,040 | €41,275 | ▼ 33.5% |
| Financial debts170/4 | - | €51,282 | €82,227 | €62,040 | €41,275 | ▼ 33.5% |
| Amounts payable within one year42/48 | €48,530 | €111,022 | €63,733 | €52,629 | €51,675 | ▼ 1.8% |
| Current portion of amounts payable after more than one year42 | - | €25,840 | €25,661 | €27,669 | €28,881 | ▲ 4.4% |
| Trade debts44 | €6,145 | €6,512 | €11,807 | €6,336 | €6,300 | ▼ 0.6% |
| Suppliers440/4 | - | €6,512 | €11,807 | €6,336 | €6,300 | ▼ 0.6% |
| Taxes, remuneration and social security45 | - | €9,450 | €11,265 | €18,624 | €16,494 | ▼ 11.4% |
| Taxes450/3 | - | €9,450 | €11,265 | €18,624 | €16,494 | ▼ 11.4% |
| Other amounts payable47/48 | - | €69,219 | €15,000 | €0 | - | - |
| Accrued charges and deferred income492/3 | - | €723 | €1,423 | €0 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €58,552 | €63,773 | €56,924 | €47,377 | €50,717 | ▲ 7.1% |
| + Depreciation and write-downs630 | €20,686 | €23,491 | €11,176 | €19,693 | €21,720 | ▲ 10.3% |
| Operating cash flow (approximation) | €79,238 | €87,264 | €68,099 | €67,070 | €72,437 | ▲ 8.0% |
| Investment in fixed assets (approximation) | - | -€33,197 | -€43,969 | -€5,591 | -€20,108 | ▼ 260% |
| Change in cash | - | -€62,971 | -€8,165 | €4,882 | €16,357 | ▲ 235% |
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
2025
11-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €200,000Eq €206,630 ▲32.5%
7 profitable years in a row build equity to €206,630.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €47,377 ▼16.8%
Net result drops to €47,377, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €150,000Eq €155,913 ▲8.2%
6 profitable years in a row build equity to €155,913.
17-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €63,773 ▲8.9%
Net result €63,773, the highest in the series.
25-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity doublescurrent ratio 2.39
Current ratio from 1.18 to 2.39; short-term debt falls from €87,155 to €48,530.
31-12
Financial
Equity above €100,000Eq €102,110 ▲134%
3 profitable years in a row build equity to €102,110.
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
09-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
05-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
13-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Sint-Niklaas · 1 establishment unit since 2007
Ground area
362 m²
Building footprint
97 m²
Volume, LiDAR
57 m³
Parcel 46442C1309/00E000, Flanders · tallest building 7.9 m. Linked by address, not a title deed.
1 establishment unit
REACH
since 20072.160.204.648
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46442C1309/00E000 | Flanders | 362 m² | 1 · 97 m² | 7.9 m |
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 52,589. 39,757 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
Founded13-02-2007
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0887193078
Also
9925:BE0887193078
Registered
09-05-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.