SCHULTE & PARTNERS
ActiveSummary
SCHULTE & PARTNERS has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €345,572 and a net result of €13,821. Equity is growing by ~31.7% per year across the filed fiscal years. Its solvency ranks better than 56% of 32023 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2025
Profitability72=
Solvency87▲+8
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity tight (current ratio 1.19; short-term debt: 27.2% and cash: 7.7% of total assets), and 38.2% 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 · 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
61.8%
Return on assets
2.5%
Age of the figures
9 mo
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
2025
on the day
2024
1 d early
2023
on the day
2022
1 d early
2021
4 d early
2020
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 4 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 (1)
History
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Financials · fiscal year 2025, micro schema
Equity
€345,572▼ 1.5%
2025 · €350,784
Total assets
€559,109▼ 13.5%
2025 · €646,055
Net result
€13,821▼ 27.4%
2025 · €19,034
Working capital
€28,740▼ 84.7%
2025 · €187,840
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: 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. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20222023202420252025
Operating result€67,155▼ 12.4%€98,156▲ 46.2%€106,323▲ 8.3%€24,355▼ 77.1%€17,260-
Net result€45,286within the sector's middle half▼ 8.8%€70,138above the sector's middle half▲ 54.9%€79,141above the sector's middle half▲ 12.8%€19,034within the sector's middle half▼ 75.9%€13,821within the sector's middle half-
Equity€182,471within the sector's middle half▲ 33.0%€252,609above the sector's middle half▲ 38.4%€331,750above the sector's middle half▲ 31.3%€350,784above the sector's middle half▲ 5.7%€345,572above the sector's middle half-
Total assets€443,751within the sector's middle half▼ 3.5%€566,115above the sector's middle half▲ 27.6%€690,976above the sector's middle half▲ 22.1%€646,055above the sector's middle half▼ 6.5%€559,109above the sector's middle half-
Debt€261,279▼ 19.1%€313,506▲ 20.0%€359,226▲ 14.6%€295,271▼ 17.8%€213,537-
Working capital€56,668within the sector's middle half▲ 150%€114,102within the sector's middle half▲ 101%€177,741above the sector's middle half▲ 55.8%€187,840above the sector's middle half▲ 5.7%€28,740within the sector's middle half-
Solvency41.1%within the sector's middle half▲ 11.3pp44.6%within the sector's middle half▲ 3.5pp48.0%within the sector's middle half▲ 3.4pp54.3%within the sector's middle half▲ 6.3pp61.8%within the sector's middle half-
Current ratio1.38within the sector's middle half▲ 0.271.53within the sector's middle half▲ 0.141.65within the sector's middle half▲ 0.121.82within the sector's middle half▲ 0.171.19within the sector's middle half-
Return on assets (ROA)10.2%within the sector's middle half▼ 0.6pp12.4%within the sector's middle half▲ 2.2pp11.5%within the sector's middle half▼ 0.9pp2.9%within the sector's middle half▼ 8.5pp2.5%within the sector's middle half-
Staff (FTE)1=
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
Multiple fiscal year ends fall in the same calendar year; an annual trend is not displayed.
Balance-sheet composition
2025 in colour, 2025 as the grey bar beneath
Assets €559,109
Fixed assets
€378,372 ▲ 64.9%
Current assets
€180,737 ▼ 56.6%
Equity and liabilities €559,109
Equity
€345,572 ▼ 1.5%
Debt
€213,537 ▼ 27.7%
Debt's share of the balance-sheet total falls from 45.7% to 38.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€29,154▼
2025 · €35,118
Cash flow
€25,715▼
2025 · €29,798
Debt to equity
0.62▼
2025 · 0.84
ROE
4.0%▼
2025 · 5.4%
Interest coverage
9.76▼
2025 · 19.82
Debt ≤ 1 year
€151,997▼
2025 · €228,713
Debt > 1 year
€61,037▼
2025 · €66,055
Income taxes
€9,090▼
2025 · €10,179
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,732 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 14,732 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 | 2022 | 2023 | 2024 | 2025 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €413 | - | - | - | - |
| Remuneration, social security and pensions62 | €59,830 | €23,581 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,827 | €6,125 | €8,557 | €10,763 | €11,894 | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €510 | - | - | - | - |
| Other operating charges640/8 | €2,833 | €3,174 | €6,875 | €3,393 | €3,769 | - |
| Gross operating margin9900 | €135,644 | €131,546 | €121,754 | €38,511 | €32,923 | - |
| Operating profit (loss)9901 | €67,155 | €98,156 | €106,323 | €24,355 | €17,260 | - |
| Financial income75/76B | €194 | €2,552 | €5,126 | €6,630 | €8,639 | - |
| Recurring financial income75 | €194 | €2,552 | €5,126 | €6,630 | €8,639 | - |
| Financial charges65/66B | €2,921 | €2,481 | €2,197 | €1,772 | €2,988 | - |
| Recurring financial charges65 | €2,921 | €2,481 | €2,197 | €1,772 | €2,988 | - |
| Profit (loss) for the period before taxes9903 | €64,428 | €98,227 | €109,251 | €29,213 | €22,912 | - |
| Income taxes67/77 | €19,142 | €28,090 | €30,110 | €10,179 | €9,090 | - |
| Profit (loss) for the period9904 | €45,286 | €70,138 | €79,141 | €19,034 | €13,821 | - |
| Profit (loss) for the period to be appropriated9905 | €45,286 | €70,138 | €79,141 | €19,034 | €13,821 | - |
| Line | 2022 | 2023 | 2024 | 2025 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €443,751 | €566,115 | €690,976 | €646,055 | €559,109 | - |
| Fixed assets21/28 | €239,468 | €235,294 | €239,963 | €229,502 | €378,372 | - |
| Tangible fixed assets22/27 | €239,468 | €235,294 | €239,963 | €229,502 | €228,372 | - |
| Land and buildings22 | €239,468 | €233,687 | €227,909 | €222,128 | €222,128 | - |
| Furniture and vehicles24 | - | €1,607 | €12,054 | €7,374 | €6,243 | - |
| Financial fixed assets28 | - | - | - | - | €150,000 | - |
| Current assets29/58 | €204,283 | €330,821 | €451,013 | €416,553 | €180,737 | - |
| Amounts receivable within one year40/41 | €55,545 | €270,317 | €214,586 | €278,357 | €76,474 | - |
| Trade receivables40 | €43,415 | €170,305 | €57,846 | €32,970 | €42,008 | - |
| Other amounts receivable41 | €12,130 | €100,012 | €156,740 | €245,388 | €34,467 | - |
| Current investments50/53 | €29,576 | €38,572 | €49,167 | €61,071 | €61,071 | - |
| Cash at bank and in hand54/58 | €118,500 | €20,299 | €186,619 | €76,471 | €43,192 | - |
| Deferred charges and accrued income490/1 | €662 | €1,633 | €642 | €653 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €443,751 | €566,115 | €690,976 | €646,055 | €559,109 | - |
| Equity10/15 | €182,471 | €252,609 | €331,750 | €350,784 | €345,572 | - |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | - |
| Reserves13 | €163,871 | €234,009 | €313,150 | €332,184 | €326,972 | - |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | €162,011 | €232,149 | €311,290 | €332,184 | €326,972 | - |
| Amounts payable17/49 | €261,279 | €313,506 | €359,226 | €295,271 | €213,537 | - |
| Amounts payable after more than one year17 | €112,114 | €96,285 | €85,451 | €66,055 | €61,037 | - |
| Financial debts170/4 | €112,114 | €96,285 | €85,451 | €66,055 | €61,037 | - |
| Amounts payable within one year42/48 | €147,615 | €216,719 | €273,272 | €228,713 | €151,997 | - |
| Current portion of amounts payable after more than one year42 | €36,912 | €15,829 | €19,967 | €19,571 | €19,768 | - |
| Trade debts44 | €93,372 | €171,119 | €247,179 | €146,498 | €45,912 | - |
| Suppliers440/4 | €93,372 | €171,119 | €247,179 | €146,498 | €45,912 | - |
| Taxes, remuneration and social security45 | €15,447 | €28,741 | €5,098 | €22,671 | €9,122 | - |
| Taxes450/3 | €6,576 | €28,741 | €5,098 | €22,671 | €9,122 | - |
| Remuneration and social security454/9 | €8,870 | €0 | - | - | - | - |
| Other amounts payable47/48 | €1,883 | €1,029 | €1,029 | €39,973 | €77,196 | - |
| Accrued charges and deferred income492/3 | €1,551 | €503 | €503 | €503 | €503 | - |
| Line | 2022 | 2023 | 2024 | 2025 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €45,286 | €70,138 | €79,141 | €19,034 | €13,821 | - |
| + Depreciation and write-downs630 | €5,827 | €6,125 | €8,557 | €10,763 | €11,894 | - |
| Operating cash flow (approximation) | €51,113 | €76,263 | €87,698 | €29,798 | €25,715 | - |
| Investment in fixed assets (approximation) | - | -€1,952 | -€13,225 | -€303 | - | - |
| Change in cash | - | -€98,201 | €166,320 | -€110,148 | - | - |
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
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Highest result since 2018net €79,141 ▲12.8%
Net result €79,141, the highest in the series.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Equity above €200,000Eq €252,609 ▲38.4%
6 profitable years in a row build equity to €252,609.
29-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Equity above €150,000Eq €182,471 ▲33%
5 profitable years in a row build equity to €182,471.
26-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Equity above €100,000Eq €137,185 ▲56.7%
4 profitable years in a row build equity to €137,185.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
30-09
Financial
Weakest financial yearnet €1,391 ▼98.2%
Net result drops to €1,391, the lowest in the series; recovery starts the following year.
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Heist-op-den-Berg · 2 establishment units since 2009
Ground area
6,185 m²
Building footprint
6,811 m²
Volume, LiDAR
1,139 m³
2 parcels, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
2 establishment units
Steginie
since 20092.180.671.648
Lamorinièrestraat 31/37, 2018 Antwerpen
since 20222.338.664.060
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11806F1230/00V010 | Flanders | 5,252 m² | 1 · 6,628 m² | - |
| 12014K0676/00K002 | Flanders | 932 m² | 1 · 184 m² | 8.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Recognitions · licences · registrations
Legal Entity Identifier
967600QEO6TGW9WEGK22
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Of 82,641 companies in sector 70200 we hold annual accounts for 52,636. 37,339 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
Founded04-04-2003
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
46170Agents in the wholesale of food, beverages and tobacco
46190Agents in non-specialised wholesale trade
68110Buying and selling of own real estate
82990Other business support services
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0479945409
Registered
27-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.