Financials
- Fiscal year
- 2025
- Turnover
- €10,934
- Loss
- -€4,605
- Solvency
- -144.5%
Turnover▼ 80.9%
Net result
20232025
RULE 11
ActiveSummary
RULE 11 has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€14,532) and a net result of -€4,605. Equity is growing by ~7% per year across the filed fiscal years. Its solvency ranks better than 5% of 34931 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
What they do
Business and other management consultancy
NACE 70200Business consulting NACE 70220
1 site
How big
€10,934turnover 2025
- Equity
- -€14,532
- Loss
- -€4,605
Who decides
Accounts 7 d early0 of 2 deeds read
Why 53Capped at 59: negative equity- Negative equity -€14,532- Loss of €4,605 (FY 2025)+ Size: turnover €10,934, total assets €10,059+ Sector Activities of head offices; management consultancy activities (NACE 70)Show the evidence
Checked score
Score 2025
53
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 12% of its sector peers (NACE 70, micro)
Performance against the sector, not lower risk
Negative equity caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency
0=
equity -144.5% of total assets
Liquidity
50=
short-term debt 244.5% · cash 67.9%
Profitability
0-100
return on assets -45.8%
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
- Size: turnover €10,934, total assets €10,059 lowers the probability for this profile
- Sector Activities of head offices; management consultancy activities (NACE 70) lowers the probability
- Negative equity -€14,532 raises the probability
- Loss of €4,605 (FY 2025) raises the probability
No credit on open account
Liquidity short (current ratio 0.41 against 0.61 in 2024; short-term debt: 244.5% and cash: 67.9% of total assets), and equity is negative.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 70, micro). Better than this share of them on solvency 3%, liquidity 33%, profitability 4%, growth against the median 8%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610020317, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€14,532
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 24-10-2025, 7 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
7 d early
2024
48 d early
2023
on the day
2022
617 d late
2021
24 d late
2020
389 d late
2019
on the day
← 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 139 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 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 31 October (4 of the last 5 filed years within 48 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close02-10-2026 today31-10-2026 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Annual accounts filedfiscal year 2024 · micro…
- Annual accounts filedfiscal year 2022 · micro…
Key points
By topic
Timeline
- Events
- 10
- Since
- 2018
- Next accounts
- by 31-10-2026
- 24-10-2025Annual accounts filed
- 13-09-2024Annual accounts filed
- 09-07-2024Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Business and other management consultancyNACE 70200
- Founded
- 27-03-2017
- Year ends
- 31-03
- Peppol
- Reachable for e-invoices
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