TED
ActiveSummary
TED has been active since 2007 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags). The 2024 annual accounts show negative equity (-€4,527) and a net result of €5,169. Equity is shrinking by ~39.6% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+100
Solvency0=
Growth58▲+26
Track record92
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.56 against 0.34 in 2023; short-term debt: 159.1% and cash: 25.9% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six 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 →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-59.1%
Return on assets
67.5%
Age of the figures
21 mo
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
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
30 d early
2023
76 d late
2022
28 d early
2021
143 d late
2020
508 d late
2017
282 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 131 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Strikeout withdrawn
Checked, nothing found (1)
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 3 July (4 of the last 5 filed years within 105 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 2024, micro schema, 2025 accounts filed, figures not processed yet
Equity
-€4,527▲ 53.3%
2023 · -€9,696
Total assets
€7,656▲ 50.2%
2023 · €5,096
Net result
€5,169
2023 · -€3,592
Working capital
-€5,327▲ 45.1%
2023 · -€9,696
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
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
Line20202021202220232024
Operating result€2,770--€5,871-€1,179▲ 79.9%-€2,497▼ 112%€5,210
Net result€2,608within the sector's middle half--€5,871below the sector's middle half-€1,273below the sector's middle half▲ 78.3%-€3,592below the sector's middle half▼ 182%€5,169within the sector's middle half
Equity€1,040below the sector's middle half--€4,831below the sector's middle half-€6,104below the sector's middle half▼ 26.3%-€9,696below the sector's middle half▼ 58.8%-€4,527below the sector's middle half▲ 53.3%
Total assets€6,250below the sector's middle half-€31,722below the sector's middle half▲ 408%€83,705within the sector's middle half▲ 164%€5,096below the sector's middle half▼ 93.9%€7,656below the sector's middle half▲ 50.2%
Debt€5,210-€36,554▲ 602%€89,809▲ 146%€14,791▼ 83.5%€12,183▼ 17.6%
Working capital€1,040within the sector's middle half--€4,831below the sector's middle half-€6,104below the sector's middle half▼ 26.3%-€9,696below the sector's middle half▼ 58.8%-€5,327below the sector's middle half▲ 45.1%
Solvency16.6%below the sector's middle half--15.2%below the sector's middle half▼ 31.9pp-7.3%below the sector's middle half▲ 7.9pp-190.3%below the sector's middle half▼ 183.0pp-59.1%below the sector's middle half▲ 131.1pp
Current ratio1.20within the sector's middle half-0.87below the sector's middle half▼ 0.330.93below the sector's middle half▲ 0.060.34below the sector's middle half▼ 0.590.56below the sector's middle half▲ 0.22
Return on assets (ROA)41.7%above the sector's middle half--18.5%below the sector's middle half▼ 60.2pp-1.5%below the sector's middle half▲ 17.0pp-70.5%below the sector's middle half▼ 69.0pp67.5%above the sector's middle half▲ 138.0pp
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
The operating result returns to profit in 2024: €5,210 after a loss of €2,497 in 2023, the highest result in the available series.
Balance-sheet composition
Assets €7,656
Fixed assets
€800
Current assets
€6,856
Equity and liabilities
Equity-€4,527
Debt€12,183
Equity is negative: debt (€12,183) exceeds the balance-sheet total (€7,656).
Key figures and ratios
Debt ≤ 1 year
€12,183▼
2023 · €14,791
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,632 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 92% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
2.9%
went bankrupt
4.8%
stopped otherwise
92%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 3,632 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €1,250 | €50 | €2,354 | €1,859 | ▼ 21.0% |
| Gross operating margin9900 | €2,770 | -€4,621 | -€1,129 | -€143 | €7,070 | ▲ 5,028% |
| Operating profit (loss)9901 | €2,770 | -€5,871 | -€1,179 | -€2,497 | €5,210 | ▲ 309% |
| Financial charges65/66B | €162 | - | €94 | €39 | €42 | ▲ 6.5% |
| Recurring financial charges65 | €162 | - | €94 | €39 | €42 | ▲ 6.5% |
| Profit (loss) for the period before taxes9903 | €2,608 | -€5,871 | -€1,273 | -€2,536 | €5,169 | ▲ 304% |
| Income taxes67/77 | - | - | - | €1,055 | - | - |
| Profit (loss) for the period9904 | €2,608 | -€5,871 | -€1,273 | -€3,592 | €5,169 | ▲ 244% |
| Profit (loss) for the period to be appropriated9905 | €2,608 | -€5,871 | -€1,273 | -€3,592 | €5,169 | ▲ 244% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6,250 | €31,722 | €83,705 | €5,096 | €7,656 | ▲ 50.2% |
| Fixed assets21/28 | - | - | - | - | €800 | - |
| Financial fixed assets28 | - | - | - | - | €800 | - |
| Current assets29/58 | €6,250 | €31,722 | €83,705 | €5,096 | €6,856 | ▲ 34.5% |
| Amounts receivable within one year40/41 | €6,242 | €31,710 | €83,548 | €4,870 | €4,875 | ▲ 0.1% |
| Trade receivables40 | €4,840 | €4,870 | €4,870 | €4,870 | €4,870 | = |
| Other amounts receivable41 | €1,402 | €26,840 | €78,678 | - | €5 | - |
| Cash at bank and in hand54/58 | €8 | €12 | €158 | €226 | €1,981 | ▲ 777% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6,250 | €31,722 | €83,705 | €5,096 | €7,656 | ▲ 50.2% |
| Equity10/15 | €1,040 | -€4,831 | -€6,104 | -€9,696 | -€4,527 | ▲ 53.3% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€19,420 | -€25,291 | -€26,564 | -€30,156 | -€24,987 | ▲ 17.1% |
| Amounts payable17/49 | €5,210 | €36,554 | €89,809 | €14,791 | €12,183 | ▼ 17.6% |
| Amounts payable within one year42/48 | €5,210 | €36,554 | €89,809 | €14,791 | €12,183 | ▼ 17.6% |
| Trade debts44 | €43 | €28,134 | €77,211 | €1,452 | €5,936 | ▲ 309% |
| Suppliers440/4 | €43 | €28,134 | €77,211 | €1,452 | €5,936 | ▲ 309% |
| Taxes, remuneration and social security45 | €3,870 | €7,398 | €5,268 | €3,308 | €3,372 | ▲ 2.0% |
| Taxes450/3 | €3,870 | €4,998 | €2,868 | €908 | €972 | ▲ 7.1% |
| Remuneration and social security454/9 | - | €2,400 | €2,400 | €2,400 | €2,400 | = |
| Other amounts payable47/48 | €1,297 | €1,022 | €7,331 | €10,032 | €2,875 | ▼ 71.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,608 | -€5,871 | -€1,273 | -€3,592 | €5,169 | ▲ 244% |
| Operating cash flow (approximation) | €2,608 | -€5,871 | -€1,273 | -€3,592 | €5,169 | ▲ 244% |
| Change in cash | - | €4 | €145 | €68 | €1,755 | ▲ 2,477% |
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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €5,169
Net result €5,169 after 3 loss-making years.
15-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 76 days late
2023
24-07
KBO administration
Strikeout withdrawn
event 03-07-2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
21-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 143 days late
21-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 508 days late
2021
31-12
Financial
Weakest financial yearnet -€5,871
Net result drops to -€5,871, the lowest in the series; recovery starts the following year.
2019
09-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 282 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 29 days late
2015
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 31 days late
2014
27-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 27 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Sint-Jans-Molenbeek · 1 establishment unit since 2007
Ground area
1,083 m²
Building footprint
239 m²
Volume, LiDAR
2,113 m³
2 parcels, Brussels, Wallonia · tallest building 17.3 m, ±5 floors. Linked by address, not a title deed.
136
companies at this address
See who is registered here
1 establishment unit
The Wine Agency
since 20072.164.350.112
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25059A0067/00R002 | Wallonia | 990 m² | 1 · 153 m² | 8.2 m · 2 fl. |
| 21522B0621/00K000 | Brussels | 93 m² | 1 · 86 m² | 17.3 m · 5 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.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 82,601 companies in this sector we hold annual accounts for 52,629. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded04-07-2007
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0890898775
Also
9925:BE0890898775
Registered
09-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.