Summary
ST CONSULT is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €452,949 and a net result of €19,521. Equity is growing by ~12.8% per year across the filed fiscal years. Its solvency ranks better than 95% of 8074 sector peers (fiscal year 2025). The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-06-2026, 57 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
57 d early
2024
61 d early
2023
48 d early
2022
8 d early
2021
4 d late
2020
1 d early
2019
31 d late
← 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 20 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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
Equity
€452,949▲ 4.5%
2024 · €433,428
Net result
€19,521▲ 131%
2024 · €8,436
Total assets
€470,744▲ 6.0%
2024 · €444,213
Solvency
96.2%▼ 1.4pp
2024 · 97.6%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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€63,464▼ 16.9%€110,867▲ 74.7%€41,127▼ 62.9%€4,113▼ 90.0%€22,907▲ 457%
Net result€48,921within the sector's middle half▼ 8.9%€85,256above the sector's middle half▲ 74.3%€31,188within the sector's middle half▼ 63.4%€8,436within the sector's middle half▼ 73.0%€19,521within the sector's middle half▲ 131%
Equity€308,548within the sector's middle half▲ 18.8%€393,804within the sector's middle half▲ 27.6%€424,993above the sector's middle half▲ 7.9%€433,428above the sector's middle half▲ 2.0%€452,949above the sector's middle half▲ 4.5%
Total assets€325,321within the sector's middle half▲ 7.6%€416,463within the sector's middle half▲ 28.0%€447,149within the sector's middle half▲ 7.4%€444,213within the sector's middle half▼ 0.7%€470,744within the sector's middle half▲ 6.0%
Debt€16,773▼ 60.8%€22,658▲ 35.1%€22,156▼ 2.2%€10,785▼ 51.3%€17,795▲ 65.0%
Working capital€160,052▲ 46.2%€244,854▲ 53.0%€278,872▲ 13.9%€288,787▲ 3.6%€306,401▲ 6.1%
Solvency94.8%above the sector's middle half▲ 9.0pp94.6%above the sector's middle half▼ 0.3pp95.0%above the sector's middle half▲ 0.5pp97.6%above the sector's middle half▲ 2.5pp96.2%above the sector's middle half▼ 1.4pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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 2025; 2025 is 457% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €470,744
Fixed assets
€146,548 ▲ 1.3%
Current assets
€324,196 ▲ 8.2%
Equity and liabilities €470,744
Equity
€452,949 ▲ 4.5%
Debt
€17,795 ▲ 65.0%
Debt's share of the balance-sheet total rises from 2.4% to 3.8%. Equity and debt are higher.
Key figures and ratios
ROE
4.3%▲
2024 · 1.9%
ROA
4.1%▲
2024 · 1.9%
Debt ≤ 1 year
€17,795▲
2024 · €10,785
Income taxes
€7,380▲
2024 · €4,059
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 | €3,436 | €2,297 | €2,830 | €2,698 | €3,463 | ▲ 28.4% |
| Other operating charges640/8 | - | - | - | €898 | - | - |
| Gross operating margin9900 | €66,900 | €113,164 | €43,957 | €7,709 | €26,369 | ▲ 242% |
| Operating profit (loss)9901 | €63,464 | €110,867 | €41,127 | €4,113 | €22,907 | ▲ 457% |
| Financial income75/76B | €0 | €359 | €176 | €8,382 | €4,000 | ▼ 52.3% |
| Recurring financial income75 | €0 | €359 | €176 | €8,382 | €4,000 | ▼ 52.3% |
| Financial charges65/66B | - | €95 | €48 | - | €6 | - |
| Recurring financial charges65 | - | €95 | €48 | - | €6 | - |
| Profit (loss) for the period before taxes9903 | €63,464 | €111,131 | €41,255 | €12,494 | €26,901 | ▲ 115% |
| Income taxes67/77 | €14,543 | €25,875 | €10,067 | €4,059 | €7,380 | ▲ 81.8% |
| Profit (loss) for the period9904 | €48,921 | €85,256 | €31,188 | €8,436 | €19,521 | ▲ 131% |
| Profit (loss) for the period to be appropriated9905 | €48,921 | €85,256 | €31,188 | €8,436 | €19,521 | ▲ 131% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €325,321 | €416,463 | €447,149 | €444,213 | €470,744 | ▲ 6.0% |
| Formation expenses20 | - | - | €0 | €0 | €0 | - |
| Fixed assets21/28 | €148,496 | €148,950 | €146,120 | €144,641 | €146,548 | ▲ 1.3% |
| Tangible fixed assets22/27 | €13,195 | €13,649 | €10,819 | €9,340 | €11,246 | ▲ 20.4% |
| Land and buildings22 | €7,909 | €7,028 | €6,147 | €5,266 | €4,385 | ▼ 16.7% |
| Plant, machinery and equipment23 | €0 | €2,623 | €1,706 | €2,140 | €4,807 | ▲ 125% |
| Furniture and vehicles24 | €5,030 | €3,998 | €2,966 | €1,934 | €2,055 | ▲ 6.3% |
| Other tangible fixed assets26 | €256 | - | €0 | €0 | €0 | - |
| Financial fixed assets28 | €135,301 | €135,301 | €135,301 | €135,301 | €135,301 | = |
| Current assets29/58 | €176,825 | €267,512 | €301,028 | €299,572 | €324,196 | ▲ 8.2% |
| Amounts receivable after more than one year29 | - | €21,097 | €100,000 | €100,000 | €100,000 | = |
| Other amounts receivable291 | - | €21,097 | €100,000 | €100,000 | €100,000 | = |
| Amounts receivable within one year40/41 | €66,545 | €26,469 | €30,084 | €25,490 | €29,167 | ▲ 14.4% |
| Trade receivables40 | €19,595 | €21,360 | €18,163 | €13,510 | €14,116 | ▲ 4.5% |
| Other amounts receivable41 | €46,950 | €5,109 | €11,920 | €11,980 | €15,051 | ▲ 25.6% |
| Cash at bank and in hand54/58 | €110,280 | €219,946 | €170,945 | €161,082 | €183,029 | ▲ 13.6% |
| Deferred charges and accrued income490/1 | - | - | - | €13,000 | €12,000 | ▼ 7.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €325,321 | €416,463 | €447,149 | €444,213 | €470,744 | ▲ 6.0% |
| Equity10/15 | €308,548 | €393,804 | €424,993 | €433,428 | €452,949 | ▲ 4.5% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €199,743 | €199,743 | €199,743 | €199,743 | €199,743 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | €197,883 | €197,883 | €197,883 | €199,743 | €199,743 | = |
| Profit (loss) carried forward14 | €102,605 | €187,861 | €219,049 | €227,485 | €247,006 | ▲ 8.6% |
| Amounts payable17/49 | €16,773 | €22,658 | €22,156 | €10,785 | €17,795 | ▲ 65.0% |
| Amounts payable within one year42/48 | €16,773 | €22,658 | €22,156 | €10,785 | €17,795 | ▲ 65.0% |
| Trade debts44 | €1,508 | €950 | €9,436 | €1,035 | €6,137 | ▲ 493% |
| Suppliers440/4 | €1,508 | €950 | €9,436 | €1,035 | €6,137 | ▲ 493% |
| Taxes, remuneration and social security45 | €15,265 | €21,708 | €12,720 | €9,750 | €11,658 | ▲ 19.6% |
| Taxes450/3 | €11,745 | €21,708 | €9,104 | €6,080 | €7,967 | ▲ 31.0% |
| Remuneration and social security454/9 | €3,519 | - | €3,617 | €3,670 | €3,691 | ▲ 0.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €48,921 | €85,256 | €31,188 | €8,436 | €19,521 | ▲ 131% |
| + Depreciation and write-downs630 | €3,436 | €2,297 | €2,830 | €2,698 | €3,463 | ▲ 28.4% |
| Operating cash flow (approximation) | €52,358 | €87,552 | €34,018 | €11,134 | €22,984 | ▲ 106% |
| Investment in fixed assets (approximation) | - | -€2,750 | €0 | -€1,219 | -€5,369 | ▼ 341% |
| Change in cash | - | €109,666 | -€49,001 | -€9,863 | €21,948 | ▲ 323% |
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
19-08
State Gazette act
Capital & shares · RestructuringMerger · Shareholding · Share cancellation14 facts ▸
State Gazette act
Capital & shares · Restructuring
Merger · Shareholding · Share cancellation14 facts ▸
- General meeting, 29-05-2026
- Merger, fusion by absorption, overeenkomstig het fusievoorstel
- Shareholding
- Share cancellation, fusie, aandelen van de overgenomen vennootschap
- Declaration, geen bevoorrechte aandelen of effecten met bijzondere rechten
- Declaration, geen bijzondere voordelen aan leden van bestuursorganen
- Asset distribution, hele vermogen, activiteiten met vergunningen, erkenningen, registratie, handelsnaam, merken, logo's, cliënteel, bedrijfsorganisatie, boekhouding, immateriële be…
- Custody of records, zetel van de overnemende vennootschap, archief, boeken en documenten
- Declaration, geen onroerende goederen
- Declaration, geen wijzigingen aan de statuten
- Declaration, geen wijziging van het voorwerp
- Dissolution, 29-05-2026
- +2 further facts in this act
04-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
29-01
State Gazette act
RestructuringMerger · Accounting effect · Shareholding5 facts ▸
State Gazette act
Restructuring
Merger · Accounting effect · Shareholding5 facts ▸
- Board meeting, 31-12-2025
- Merger, 31-12-2025
- Accounting effect, 31-12-2025
- Shareholding, 100%
- Merger purpose, optimalisatie van de groepsstructuur, vereenvoudiging van de administratie en kostenbesparing
2025
31-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €8,436 ▼73%
Net result drops to €8,436, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 27.78
Current ratio from 13.59 to 27.78; short-term debt falls from €22,156 to €10,785.
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
23-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €85,256 ▲74.3%
Operating result €110,867, net result €85,256, both a record.
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 4 days late
2021
31-12
Financial
Liquidity triplescurrent ratio 10.54
Current ratio from 3.56 to 10.54; short-term debt falls from €42,750 to €16,773.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Show earlier events
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Equity above €200,000Eq €205,943 ▲23.8%
2 profitable years in a row build equity to €205,943.
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 61 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
2 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 2 have been read. The other 2 have not 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 2. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Boutersem · 1 establishment unit since 2009
Ground area
3,294 m²
Building footprint
190 m²
Volume, LiDAR
1,170 m³
Parcel 24049A0386/00T000, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ST CONSULT
since 20092.184.871.748
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24049A0386/00T000 | Flanders | 3,294 m² | 1 · 190 m² | 9.3 m · 2 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.
Articles of association
Accounting effect
01-01-2026
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
100%
According to the 2025 annual accounts of ST CONSULT and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionTook over:IKC
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,773. 13,669 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
Founded14-12-2009
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
63920Other information service activities
70200Business and other management consultancy
73300Public relations and communication consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0821500324
Also
9925:BE0821500324
Registered
05-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.