RESULTHINK
ActiveSummary
RESULTHINK has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.38M and a net result of €118k. Equity is growing by ~24.6% per year across the filed fiscal years. Its solvency ranks better than 90% of 3200 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▼-29
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €480k at 30 days acceptable
Liquidity ample (current ratio 27.51 against 36.65 in 2024; short-term debt: 2.1% of total assets), and 4.3% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
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 · 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
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
95.7%
Return on assets
2.1%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
on the day
2024
76 d late
2023
22 d late
2022
109 d late
2021
16 d late
2019
25 d late
2018
29 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€118k▼ 94.6%
2024 · €2.18M
Working capital
€3.13M▲ 5.8%
2024 · €2.96M
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€239k-€108k▼ 55.0%€-12k€1k€67k▲ 4,455%
Net result€1.02M-€1.02M▲ 0.4%€-13k€2.18M€118k▼ 94.6%
Equity€2.08M-€3.10M▲ 48.9%€3.09M▼ 0.4%€5.26M▲ 70.4%€5.38M▲ 2.2%
Total assets€2.50M-€3.52M▲ 41.0%€4.06M▲ 15.3%€5.51M▲ 35.7%€5.62M▲ 2.2%
Debt€413k-€417k▲ 0.9%€968k▲ 132%€241k▼ 75.1%€241k▲ 0.2%
Working capital€-161k-€785k€745k▼ 5.2%€2.96M▲ 297%€3.13M▲ 5.8%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 4,455% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.62M
Fixed assets
€2.38M ▼ 3.5%
Current assets
€3.25M ▲ 6.8%
Equity and liabilities €5.62M
Equity
€5.38M ▲ 2.2%
Debt
€241k ▲ 0.2%
Debt's share of the balance-sheet total falls from 4.4% to 4.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€161k▲
2024 · €96k
Cash flow
€212k▼
2024 · €2.27M
Current ratio
27.51▼
2024 · 36.65
Debt to equity
0.04▼
2024 · 0.05
ROE
2.2%▼
2024 · 41.3%
ROA
2.1%▼
2024 · 39.5%
Interest coverage
35.24▲
2024 · 20.36
Debt ≤ 1 year
€118k▲
2024 · €83k
Debt > 1 year
€123k▼
2024 · €156k
Income taxes
€53k▲
2024 · €20k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €94k | €71k | €92k | €95k | €94k | ▼ 0.8% |
| Other operating charges640/8 | - | €4k | €3k | €3k | €3k | ▲ 7.1% |
| Gross operating margin9900 | €337k | €182k | €83k | €99k | €164k | ▲ 65.1% |
| Operating profit (loss)9901 | €239k | €108k | €-12k | €1k | €67k | ▲ 4,455% |
| Financial income75/76B | - | €953k | €20k | €2.20M | €109k | ▼ 95.0% |
| Recurring financial income75 | €875k | €953k | €20k | €2.20M | €109k | ▼ 95.0% |
| Financial charges65/66B | - | €8k | €16k | €5k | €5k | ▼ 3.6% |
| Recurring financial charges65 | €36k | €8k | €16k | €5k | €5k | ▼ 3.6% |
| Profit (loss) for the period before taxes9903 | €1.08M | €1.05M | €-8k | €2.20M | €171k | ▼ 92.2% |
| Income taxes67/77 | €62k | €33k | €5k | €20k | €53k | ▲ 169% |
| Profit (loss) for the period9904 | €1.02M | €1.02M | €-13k | €2.18M | €118k | ▼ 94.6% |
| Profit (loss) for the period to be appropriated9905 | €1.02M | €1.02M | €-13k | €2.18M | €118k | ▼ 94.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.50M | €3.52M | €4.06M | €5.51M | €5.62M | ▲ 2.2% |
| Fixed assets21/28 | €2.31M | €2.54M | €2.55M | €2.47M | €2.38M | ▼ 3.5% |
| Tangible fixed assets22/27 | €594k | €826k | €835k | €751k | €663k | ▼ 11.6% |
| Land and buildings22 | - | €354k | €337k | €319k | €302k | ▼ 5.5% |
| Plant, machinery and equipment23 | - | €25k | €23k | €19k | €15k | ▼ 19.5% |
| Furniture and vehicles24 | - | €114k | €120k | €88k | €51k | ▼ 42.1% |
| Other tangible fixed assets26 | - | €332k | €354k | €325k | €296k | ▼ 8.9% |
| Financial fixed assets28 | €1.72M | €1.72M | €1.72M | €1.72M | €1.72M | = |
| Current assets29/58 | €187k | €978k | €1.51M | €3.04M | €3.25M | ▲ 6.8% |
| Amounts receivable after more than one year29 | - | €222k | €1.25M | €2.98M | €3.21M | ▲ 7.8% |
| Other amounts receivable291 | - | €222k | €1.25M | €2.98M | €3.21M | ▲ 7.8% |
| Amounts receivable within one year40/41 | €91k | €141k | €52k | €12k | €13k | ▲ 3.9% |
| Trade receivables40 | - | €141k | €52k | €12k | - | - |
| Other amounts receivable41 | - | - | - | - | €13k | - |
| Cash at bank and in hand54/58 | €88k | €611k | €182k | - | - | - |
| Deferred charges and accrued income490/1 | - | €5k | €26k | €47k | €18k | ▼ 60.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.50M | €3.52M | €4.06M | €5.51M | €5.62M | ▲ 2.2% |
| Equity10/15 | €2.08M | €3.10M | €3.09M | €5.26M | €5.38M | ▲ 2.2% |
| Contributions10/11 | - | €400k | €400k | €400k | €400k | = |
| Reserves13 | €40k | €40k | €40k | €40k | €40k | = |
| Non-distributable reserves130/1 | - | €40k | €40k | €40k | €40k | = |
| Reserves not available under the articles1311 | - | €40k | €40k | €40k | €40k | = |
| Profit (loss) carried forward14 | €1.64M | €2.66M | €2.65M | €4.82M | €4.94M | ▲ 2.4% |
| Amounts payable17/49 | €413k | €417k | €968k | €241k | €241k | ▲ 0.2% |
| Amounts payable after more than one year17 | €56k | €218k | €188k | €156k | €123k | ▼ 20.7% |
| Financial debts170/4 | - | €218k | €188k | €156k | €123k | ▼ 20.7% |
| Amounts payable within one year42/48 | €348k | €193k | €763k | €83k | €118k | ▲ 42.2% |
| Current portion of amounts payable after more than one year42 | - | €30k | €31k | €31k | €32k | ▲ 2.6% |
| Financial debts43 | - | - | - | €2k | €2k | ▲ 17.9% |
| Credit institutions430/8 | - | - | - | €2k | €2k | ▲ 17.9% |
| Trade debts44 | €85k | - | €16k | €24k | €11k | ▼ 54.8% |
| Suppliers440/4 | - | - | €16k | €24k | €11k | ▼ 54.8% |
| Taxes, remuneration and social security45 | - | €40k | €18k | €25k | €72k | ▲ 186% |
| Taxes450/3 | - | €40k | €18k | €25k | €72k | ▲ 186% |
| Other amounts payable47/48 | - | €123k | €698k | - | - | - |
| Accrued charges and deferred income492/3 | - | €6k | €18k | €2k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.02M | €1.02M | €-13k | €2.18M | €118k | ▼ 94.6% |
| + Depreciation and write-downs630 | €94k | €71k | €92k | €95k | €94k | ▼ 0.8% |
| Operating cash flow (approximation) | €1.11M | €1.09M | €78k | €2.27M | €212k | ▼ 90.7% |
| Investment in fixed assets (approximation) | - | €-303k | €-100k | €-11k | €-7k | ▲ 37.0% |
| Change in cash | - | €522k | €-428k | - | - | - |
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
2025
02-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 76 days late
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
15-01
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 76 days late
2024
31-03
Financial
Back to profitnet €2.18M
Net result €2.18M after one loss-making year.
31-03
Financial
Liquidity times 19current ratio 36.65
Current ratio from 1.98 to 36.65; short-term debt falls from €763k to €83k.
31-03
Financial
Equity above €5MEq €5.26M ▲70.4%
Equity rises from €3.09M to €5.26M.
2023
22-11
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 22 days late
31-03
Financial
Weakest financial yearnet €-13k
Net result drops to €-13k, the lowest in the series; recovery starts the following year.
17-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 109 days late
2022
31-03
Financial
Liquidity times 9current ratio 5.08
Current ratio from 0.54 to 5.08; short-term debt falls from €348k to €193k.
2021
16-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 16 days late
31-03
Financial
Equity above €2MEq €2.08M ▲97%
2 profitable years in a row build equity to €2.08M.
Show earlier events
2019
25-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 25 days late
2018
29-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2017
28-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2016
14-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 14 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 act for this company is 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 2001
Ground area
267 m²
Building footprint
106 m²
Volume, LiDAR
1,633 m³
Parcel 21447B0310/00P016, Brussels · tallest building 20.7 m, ±6 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Molièrelaan 227, 1050 Elsene
since 20012.094.326.109
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21447B0310/00P016 | Brussels | 267 m² | 1 · 106 m² | 20.7 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.
Similar companies · same sector, comparable size
GIMMACO
BE 0475.691.265
Berlare · Eq €5,381,937
MAXACO
BE 0479.202.764
Anzegem · Eq €5,381,781
IMMO CONSULTING LONGCHAMPS
BE 0434.766.074
Wavre · Eq €5,379,163
SOPAM
BE 0895.751.646
Chaudfontaine · Eq €5,388,061
PARTIBEL
BE 0828.301.905
Antwerpen · Eq €5,388,147
Of 82,632 companies in sector 70200 we hold annual accounts for 52,575. 10,693 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
Founded02-10-2000
Fiscal year end31-03
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.