SUSTENUTO
ActiveSummary
SUSTENUTO has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €489,989 and a net result of €106,249. Equity is growing by ~12.3% per year across the filed fiscal years. Its solvency ranks better than 55% of 8782 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▲+8
Solvency82▲+10
Growth81▼-4
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity ample (current ratio 3.11 against 1.75 in 2024; short-term debt: 30.8% and cash: 38.5% of total assets), and 42.5% 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
57.5%
Return on assets
12.5%
Age of the figures
9 mo
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 11-05-2026, 81 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
81 d early
2024
65 d early
2023
77 d early
2022
77 d early
2021
80 d early
2020
75 d early
2019
79 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 76 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. Usually files around 15 May (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
€1.5m▲ 4.6%
2023 · €1.5m
EBIT margin
11.0%▲ 9.8pp
2023 · 1.2%
Net result
€106,249▲ 563%
2024 · €16,028
Working capital
€553,634▲ 68.3%
2024 · €328,947
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), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€1.1m▲ 40.0%€1.3m▲ 10.7%€1.5m▲ 15.7%€1.5m
Operating result€91,759▲ 22.4%€103,433▲ 12.7%€17,119▼ 83.4%€35,091▲ 105%€167,457▲ 377%
Net result€69,427above the sector's middle half▲ 22.5%€70,751within the sector's middle half▲ 1.9%€5,306within the sector's middle half▼ 92.5%€16,028within the sector's middle half▲ 202%€106,249within the sector's middle half▲ 563%
EBIT margin8.1%▼ 1.2pp8.2%▲ 0.1pp1.2%▼ 7.0pp11.0%
Equity€328,881above the sector's middle half▲ 18.8%€362,407within the sector's middle half▲ 10.2%€367,713within the sector's middle half▲ 1.5%€383,740within the sector's middle half▲ 4.4%€489,989within the sector's middle half▲ 27.7%
Total assets€672,775above the sector's middle half▲ 43.3%€635,958within the sector's middle half▼ 5.5%€871,053within the sector's middle half▲ 37.0%€821,791within the sector's middle half▼ 5.7%€852,862within the sector's middle half▲ 3.8%
Debt€343,894▲ 78.6%€273,551▼ 20.5%€503,340▲ 84.0%€438,051▼ 13.0%€362,873▼ 17.2%
Working capital€267,889above the sector's middle half▲ 9.9%€284,350within the sector's middle half▲ 6.1%€304,868within the sector's middle half▲ 7.2%€328,947within the sector's middle half▲ 7.9%€553,634above the sector's middle half▲ 68.3%
Solvency48.9%within the sector's middle half▼ 10.1pp57.0%within the sector's middle half▲ 8.1pp42.2%within the sector's middle half▼ 14.8pp46.7%within the sector's middle half▲ 4.5pp57.5%within the sector's middle half▲ 10.8pp
Current ratio1.78within the sector's middle half▼ 0.492.04within the sector's middle half▲ 0.261.61within the sector's middle half▼ 0.431.75within the sector's middle half▲ 0.153.11within the sector's middle half▲ 1.36
Return on assets (ROA)10.3%within the sector's middle half▼ 1.8pp11.1%within the sector's middle half▲ 0.8pp0.6%within the sector's middle half▼ 10.5pp2.0%within the sector's middle half▲ 1.3pp12.5%within the sector's middle half▲ 10.5pp
Staff (FTE)5.8▲ 93.3%6.4above the sector's middle half▲ 10.3%6.2above the sector's middle half▼ 3.1%7.2above the sector's middle half▲ 16.1%5.5above the sector's middle half▼ 23.6%
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 abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 377% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €852,862
Fixed assets
€36,807 ▼ 33.3%
Current assets
€816,055 ▲ 6.4%
Equity and liabilities €852,862
Equity
€489,989 ▲ 27.7%
Debt
€362,873 ▼ 17.2%
Debt's share of the balance-sheet total falls from 53.3% to 42.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€189,124▲
2024 · €55,099
Cash flow
€127,916▲
2024 · €36,036
Debt to equity
0.74▼
2024 · 1.14
ROE
21.7%▲
2024 · 4.2%
Interest coverage
17.87▲
2024 · 6.37
Debt ≤ 1 year
€262,421▼
2024 · €437,698
Debt > 1 year
€100,000
Income taxes
€50,623▲
2024 · €10,876
Staff costs
€435,386▼
2024 · €573,335
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
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 497,341 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 31,371 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €1.1m | €1.3m | €1.5m | - | €1.5m | - |
| Goods, raw materials, services and sundry goods60/61 | €696,132 | €711,661 | €972,642 | - | €905,815 | - |
| Remuneration, social security and pensions62 | €352,199 | €442,907 | €485,338 | €573,335 | €435,386 | ▼ 24.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,672 | €13,876 | €18,035 | €20,008 | €21,667 | ▲ 8.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €15,000 | - |
| Other operating charges640/8 | €1,020 | €2,919 | €1,196 | €659 | €1,396 | ▲ 112% |
| Gross operating margin9900 | €455,650 | €563,135 | €521,689 | €629,093 | €640,906 | ▲ 1.9% |
| Operating profit (loss)9901 | €91,759 | €103,433 | €17,119 | €35,091 | €167,457 | ▲ 377% |
| Financial income75/76B | - | - | - | €460 | €0 | ▼ 100.0% |
| Recurring financial income75 | - | - | - | €460 | €0 | ▼ 100.0% |
| Financial charges65/66B | €272 | €3,399 | €6,446 | €8,648 | €10,585 | ▲ 22.4% |
| Recurring financial charges65 | €272 | €3,399 | €6,446 | €8,648 | €10,585 | ▲ 22.4% |
| Profit (loss) for the period before taxes9903 | €91,487 | €100,034 | €10,673 | €26,903 | €156,872 | ▲ 483% |
| Income taxes67/77 | €22,060 | €29,283 | €5,367 | €10,876 | €50,623 | ▲ 365% |
| Profit (loss) for the period9904 | €69,427 | €70,751 | €5,306 | €16,028 | €106,249 | ▲ 563% |
| Profit (loss) for the period to be appropriated9905 | €69,427 | €70,751 | €5,306 | €16,028 | €106,249 | ▲ 563% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €672,775 | €635,958 | €871,053 | €821,791 | €852,862 | ▲ 3.8% |
| Fixed assets21/28 | €60,992 | €78,057 | €62,845 | €55,147 | €36,807 | ▼ 33.3% |
| Intangible fixed assets21 | - | €1,918 | €1,518 | €1,118 | €718 | ▼ 35.8% |
| Tangible fixed assets22/27 | €42,222 | €47,589 | €41,437 | €40,529 | €22,009 | ▼ 45.7% |
| Land and buildings22 | €613 | €306 | - | - | - | - |
| Plant, machinery and equipment23 | €8,695 | €16,397 | €18,696 | €25,572 | €14,835 | ▼ 42.0% |
| Furniture and vehicles24 | €32,915 | €30,886 | €22,740 | €14,957 | €7,174 | ▼ 52.0% |
| Financial fixed assets28 | €18,770 | €28,550 | €19,890 | €13,500 | €14,081 | ▲ 4.3% |
| Current assets29/58 | €611,783 | €557,901 | €808,209 | €766,644 | €816,055 | ▲ 6.4% |
| Amounts receivable within one year40/41 | €582,612 | €492,725 | €711,751 | €752,811 | €487,433 | ▼ 35.3% |
| Trade receivables40 | €582,568 | €458,634 | €708,509 | €751,997 | €484,674 | ▼ 35.5% |
| Other amounts receivable41 | €45 | €34,091 | €3,241 | €814 | €2,759 | ▲ 239% |
| Current investments50/53 | - | €13,170 | €13,170 | - | - | - |
| Cash at bank and in hand54/58 | €26,447 | €43,103 | €80,556 | €13,833 | €328,331 | ▲ 2,274% |
| Deferred charges and accrued income490/1 | €2,724 | €8,904 | €2,732 | - | €290 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €672,775 | €635,958 | €871,053 | €821,791 | €852,862 | ▲ 3.8% |
| Equity10/15 | €328,881 | €362,407 | €367,713 | €383,740 | €489,989 | ▲ 27.7% |
| Contributions10/11 | €18,550 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €310,331 | €343,857 | €349,163 | €365,190 | €471,439 | ▲ 29.1% |
| Distributable reserves133 | €310,331 | €343,857 | €349,163 | €365,190 | €471,439 | ▲ 29.1% |
| Amounts payable17/49 | €343,894 | €273,551 | €503,340 | €438,051 | €362,873 | ▼ 17.2% |
| Amounts payable after more than one year17 | - | - | - | - | €100,000 | - |
| Other amounts payable178/9 | - | - | - | - | €100,000 | - |
| Amounts payable within one year42/48 | €343,894 | €273,551 | €503,340 | €437,698 | €262,421 | ▼ 40.0% |
| Current portion of amounts payable after more than one year42 | - | - | €150,000 | - | - | - |
| Trade debts44 | €195,566 | €77,987 | €201,940 | €139,422 | €124,796 | ▼ 10.5% |
| Suppliers440/4 | €195,566 | €77,987 | €201,940 | €139,422 | €124,796 | ▼ 10.5% |
| Advances received on contracts in progress46 | - | - | €688 | €688 | €688 | = |
| Taxes, remuneration and social security45 | €122,586 | €173,533 | €145,565 | €163,620 | €127,124 | ▼ 22.3% |
| Taxes450/3 | €89,012 | €91,950 | €59,501 | €112,975 | €91,745 | ▼ 18.8% |
| Remuneration and social security454/9 | €33,574 | €81,584 | €86,064 | €50,645 | €35,379 | ▼ 30.1% |
| Other amounts payable47/48 | €25,743 | €22,031 | €5,148 | €133,969 | €9,813 | ▼ 92.7% |
| Accrued charges and deferred income492/3 | - | - | - | €353 | €452 | ▲ 28.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €69,427 | €70,751 | €5,306 | €16,028 | €106,249 | ▲ 563% |
| + Depreciation and write-downs630 | €10,672 | €13,876 | €18,035 | €20,008 | €21,667 | ▲ 8.3% |
| Operating cash flow (approximation) | €80,099 | €84,627 | €23,341 | €36,036 | €127,916 | ▲ 255% |
| Investment in fixed assets (approximation) | - | -€30,941 | -€2,823 | -€12,310 | -€3,328 | ▲ 73.0% |
| Change in cash | - | €16,656 | €37,453 | -€66,723 | €314,498 | ▲ 571% |
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
11-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €106,249 ▲563%
Operating result €167,457, net result €106,249, both a record.
27-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
15-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €5,306 ▼92.5%
Net result drops to €5,306, the lowest in the series; recovery starts the following year.
15-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
12-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
17-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
13-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €200,000Eq €234,714 ▲60.4%
2 profitable years in a row build equity to €234,714.
29-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
08-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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.
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Directors · office · real estate
Directors
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Maldegem · 2 establishment units since 2005
Ground area
1,588 m²
Building footprint
341 m²
Volume, LiDAR
3,129 m³
2 parcels, Brussels, Flanders · tallest building 22.6 m, ±6 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
SUSTENUTO
since 20052.148.936.119
SUSTENUTO
since 20062.156.129.856
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43502D0983/00R000 | Flanders | 1,163 m² | 1 · 179 m² | 7.0 m · 1 fl. |
| 21805E0056/00A000 | Brussels | 425 m² | 1 · 162 m² | 22.6 m · 6 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.
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
- Sustenuto NederlandNLsubsidiarySourceown accounts 2025100%
According to the 2025 annual accounts of SUSTENUTO 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.
Subsidies and aid
Flemish government
2022 to 2025 · 8 entries · 49,727 EUR awarded · 49,715 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 3,322 EUR | 5,027 EUR |
| 2024 | 2 | 1,485 EUR | 23,188 EUR |
| 2023 | 2 | 9,000 EUR | 21,500 EUR |
| 2022 | 1 | 35,920 EUR | 0 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
699400DO94NG6RL4XR33
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Of 82,601 companies in this sector we hold annual accounts for 52,629. 34,845 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded05-08-2005
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0875588613
Also
9925:BE0875588613
Registered
27-11-2024
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.