RED Consult
ActiveSummary
RED Consult has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €402,696 and a net result of €63,015. Equity is growing by ~10.9% per year across the filed fiscal years. Its solvency ranks better than 60% of 31896 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82▲+8
Solvency91▼-5
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 6.28 against 8.37 in 2024; short-term debt: 10.3% and cash: 20.1% of total assets), and 33.9% 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
66.1%
Return on assets
10.3%
Age of the figures
9 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 · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
30 d late
2023
27 d early
2022
on the day
2021
8 d late
2020
43 d early
2019
44 d early
← 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 6 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 (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
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€63,015▲ 113%
2024 · €29,609
Working capital
€332,332▼ 28.6%
2024 · €465,182
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€174,277▲ 15.3%€154,289▼ 11.5%€250,324▲ 62.2%€28,247▼ 88.7%€79,732▲ 182%
Net result€131,793above the sector's middle half▲ 19.9%€110,883above the sector's middle half▼ 15.9%€180,934above the sector's middle half▲ 63.2%€29,609within the sector's middle half▼ 83.6%€63,015within the sector's middle half▲ 113%
Equity€359,255above the sector's middle half▲ 11.8%€329,138above the sector's middle half▼ 8.4%€510,072above the sector's middle half▲ 55.0%€539,682above the sector's middle half▲ 5.8%€402,696above the sector's middle half▼ 25.4%
Total assets€651,114above the sector's middle half▼ 0.4%€632,278above the sector's middle half▼ 2.9%€778,619above the sector's middle half▲ 23.1%€757,933above the sector's middle half▼ 2.7%€609,253above the sector's middle half▼ 19.6%
Debt€291,859▼ 12.2%€303,140▲ 3.9%€268,547▼ 11.4%€218,252▼ 18.7%€206,557▼ 5.4%
Working capital€291,755▲ 15.8%€260,607▼ 10.7%€442,460▲ 69.8%€465,182▲ 5.1%€332,332▼ 28.6%
Solvency55.2%within the sector's middle half▲ 6.0pp52.1%within the sector's middle half▼ 3.1pp65.5%within the sector's middle half▲ 13.5pp71.2%within the sector's middle half▲ 5.7pp66.1%within the sector's middle half▼ 5.1pp
Staff (FTE)
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.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 182% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €609,253
Fixed assets
€213,943 ▼ 6.8%
Current assets
€395,310 ▼ 25.2%
Equity and liabilities €609,253
Equity
€402,696 ▼ 25.4%
Debt
€206,557 ▼ 5.4%
Debt's share of the balance-sheet total rises from 28.8% to 33.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€95,203▲
2024 · €43,544
Cash flow
€78,486▲
2024 · €44,906
Current ratio
6.28▼
2024 · 8.37
Debt to equity
0.51▲
2024 · 0.40
ROE
15.6%▲
2024 · 5.5%
ROA
10.3%▲
2024 · 3.9%
Interest coverage
26.19▲
2024 · 10.86
Debt ≤ 1 year
€62,978▼
2024 · €63,097
Debt > 1 year
€143,579▼
2024 · €155,155
Income taxes
€24,587▲
2024 · €12,749
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,792 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
3.2%
stopped otherwise
97%
still going
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 17,792 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 | €13,553 | €13,823 | €14,142 | €15,297 | €15,471 | ▲ 1.1% |
| Other operating charges640/8 | €3,521 | €2,501 | €2,705 | €2,794 | €2,353 | ▼ 15.8% |
| Non-recurring operating charges66A | - | €1 | €240 | €240 | €240 | = |
| Gross operating margin9900 | €191,351 | €170,614 | €267,410 | €46,578 | €97,796 | ▲ 110% |
| Operating profit (loss)9901 | €174,277 | €154,289 | €250,324 | €28,247 | €79,732 | ▲ 182% |
| Financial income75/76B | €5,848 | €7,386 | €10,757 | €18,121 | €11,505 | ▼ 36.5% |
| Recurring financial income75 | €5,848 | €7,386 | €10,757 | €18,121 | €11,505 | ▼ 36.5% |
| Financial charges65/66B | €4,459 | €4,297 | €4,256 | €4,011 | €3,635 | ▼ 9.4% |
| Recurring financial charges65 | €4,459 | €4,297 | €4,256 | €4,011 | €3,635 | ▼ 9.4% |
| Profit (loss) for the period before taxes9903 | €175,665 | €157,378 | €256,825 | €42,358 | €87,602 | ▲ 107% |
| Income taxes67/77 | €43,872 | €46,495 | €75,891 | €12,749 | €24,587 | ▲ 92.9% |
| Profit (loss) for the period9904 | €131,793 | €110,883 | €180,934 | €29,609 | €63,015 | ▲ 113% |
| Profit (loss) for the period to be appropriated9905 | €131,793 | €110,883 | €180,934 | €29,609 | €63,015 | ▲ 113% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €651,114 | €632,278 | €778,619 | €757,933 | €609,253 | ▼ 19.6% |
| Fixed assets21/28 | €256,047 | €248,473 | €235,054 | €229,655 | €213,943 | ▼ 6.8% |
| Tangible fixed assets22/27 | €220,147 | €212,573 | €199,154 | €193,755 | €178,043 | ▼ 8.1% |
| Land and buildings22 | €209,594 | €201,559 | €190,885 | €188,215 | €175,778 | ▼ 6.6% |
| Furniture and vehicles24 | €10,553 | €11,014 | €8,268 | €5,540 | €2,265 | ▼ 59.1% |
| Financial fixed assets28 | €35,900 | €35,900 | €35,900 | €35,900 | €35,900 | = |
| Current assets29/58 | €395,067 | €383,805 | €543,565 | €528,279 | €395,310 | ▼ 25.2% |
| Amounts receivable after more than one year29 | €174,519 | €192,115 | €191,608 | €203,929 | €215,287 | ▲ 5.6% |
| Trade receivables290 | €174,519 | €192,115 | €191,608 | €203,929 | €215,287 | ▲ 5.6% |
| Other amounts receivable291 | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €13,212 | €27,303 | €77,565 | €253,445 | €55,563 | ▼ 78.1% |
| Trade receivables40 | €0 | €15,125 | €17,250 | €78,099 | €11,021 | ▼ 85.9% |
| Other amounts receivable41 | €13,212 | €12,178 | €60,315 | €175,345 | €44,542 | ▼ 74.6% |
| Cash at bank and in hand54/58 | €205,116 | €161,686 | €274,308 | €70,214 | €122,291 | ▲ 74.2% |
| Deferred charges and accrued income490/1 | €2,220 | €2,702 | €84 | €692 | €2,169 | ▲ 214% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €651,114 | €632,278 | €778,619 | €757,933 | €609,253 | ▼ 19.6% |
| Equity10/15 | €359,255 | €329,138 | €510,072 | €539,682 | €402,696 | ▼ 25.4% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €333,793 | €308,793 | €488,793 | €518,793 | €380,793 | ▼ 26.6% |
| Non-distributable reserves130/1 | €233,793 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves not available under the articles1311 | €233,793 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Distributable reserves133 | €100,000 | €306,793 | €486,793 | €516,793 | €378,793 | ▼ 26.7% |
| Profit (loss) carried forward14 | €5,462 | €345 | €1,279 | €888 | €1,903 | ▲ 114% |
| Amounts payable17/49 | €291,859 | €303,140 | €268,547 | €218,252 | €206,557 | ▼ 5.4% |
| Amounts payable after more than one year17 | €188,547 | €178,552 | €167,441 | €155,155 | €143,579 | ▼ 7.5% |
| Financial debts170/4 | €188,547 | €178,552 | €167,441 | €155,155 | €143,579 | ▼ 7.5% |
| Amounts payable within one year42/48 | €103,312 | €123,198 | €101,105 | €63,097 | €62,978 | ▼ 0.2% |
| Current portion of amounts payable after more than one year42 | €11,582 | €10,894 | €11,111 | €12,286 | €12,531 | ▲ 2.0% |
| Financial debts43 | - | - | - | €331 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | €331 | €0 | ▼ 100% |
| Trade debts44 | €3,393 | €6,075 | €37 | €962 | €886 | ▼ 7.9% |
| Suppliers440/4 | €3,393 | €6,075 | €37 | €962 | €886 | ▼ 7.9% |
| Taxes, remuneration and social security45 | €86,681 | €86,274 | €89,957 | €46,997 | €16,787 | ▼ 64.3% |
| Taxes450/3 | €86,681 | €86,274 | €89,957 | €46,997 | €16,787 | ▼ 64.3% |
| Other amounts payable47/48 | €1,656 | €19,955 | €0 | €2,520 | €32,775 | ▲ 1,201% |
| Accrued charges and deferred income492/3 | €0 | €1,390 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €131,793 | €110,883 | €180,934 | €29,609 | €63,015 | ▲ 113% |
| + Depreciation and write-downs630 | €13,553 | €13,823 | €14,142 | €15,297 | €15,471 | ▲ 1.1% |
| Operating cash flow (approximation) | €145,346 | €124,706 | €195,076 | €44,906 | €78,486 | ▲ 74.8% |
| Investment in fixed assets (approximation) | - | -€6,249 | -€722 | -€9,898 | €240 | ▲ 102% |
| Change in cash | - | -€43,431 | €112,623 | -€204,094 | €52,077 | ▲ 126% |
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
24-09
State Gazette act
General meeting · Director resignation
Permanent representative · Director discharge
24-09
State Gazette act
Director resignation · Director discharge
Director appointment · Power of attorney
24-09
State Gazette act
Director resignation · Permanent representative
Director discharge · Director appointment
22-09
State Gazette act
General meeting · Director resignation
Permanent representative · Director discharge
22-09
State Gazette act
Director resignation · Permanent representative
Director discharge · Director appointment
22-09
State Gazette act
Director resignation · Permanent representative
Director appointment · Power of attorney
18-09
State Gazette act
Director resignation · Permanent representative
Director discharge · Director appointment
18-09
State Gazette act
General meeting · Director resignation
Director discharge · Director appointment
18-09
State Gazette act
Director resignation · Permanent representative
Director discharge · Director appointment
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
21-10
State Gazette act
General meeting · Director resignation
Director discharge · Director appointment
21-10
State Gazette act
Director resignation · Director discharge
Director appointment · Permanent representative
Show earlier events
21-10
State Gazette act
General meeting · Director resignation
Director discharge · Director appointment
21-10
State Gazette act
General meeting · Director resignation
Permanent representative · Director discharge
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
31-12
Financial
Weakest financial yearnet €29,609 ▼83.6%
Net result drops to €29,609, the lowest in the series; recovery starts the following year.
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €180,934 ▲63.2%
Operating result €250,324, net result €180,934, both a record.
31-12
Financial
Equity above €500,000Eq €510,072 ▲55%
6 profitable years in a row build equity to €510,072.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
08-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 8 days late
07-03
State Gazette act
General meeting · Statutes amendment
Purpose change · Capital
01-03
State Gazette act
General meeting · Statutes amendment
Capital · Corporate purpose
16-02
State Gazette act
General meeting · Statutes amendment
Purpose change · Capital
2021
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
17-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
11-07
State Gazette act
General meeting · Director resignation
Director discharge · Director appointment
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
02-02
State Gazette act
General meeting · Director resignation
Director discharge · Director appointment
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
08-01
State Gazette act
General meeting · Director resignation
Director discharge · Director appointment
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Braine-l'Alleud · 1 establishment unit since 2010
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.
Av Bois des Collines 171420 Braine-l'Alleud1 establishment unit
Red Consult
since 20102.190.740.842
Structure & network
Connections & network
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Ownership & control
13 board mandatesBoard mandates of this companythis company sits on their board13
1 location
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,589. 36,338 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
Founded23-07-2010
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0828037233
Also
9925:BE0828037233
Registered
23-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.