Equity
Equity rose in 2025 from €124,900 to €345,777.
Equity rose in 2025 from €124,900 to €345,777.
Short-term debts fell from €163,776 to €119,580.
The last five annual accounts were filed 17 to 151 days before the end of the period.
The dashed line is the sector median: 0.1% across 48,568 companies (NACE 70, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 43% of them on solvency, 84% on liquidity, 84% on profitability and 94% on growth.
The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 17,811 companies had the same profile as TRAINING & CONSULTING TW has now. Each dot stands for 45 companies, two years later.
That fits the bankruptcy probability of TRAINING & CONSULTING TW itself: < 0.1% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,811 companies, not a prediction for TRAINING & CONSULTING TW. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 2.64 (1.16 in 2024), above the usual 1.5. Short-term debt is 16.2% and cash 35.5% of total assets. However, 53.3% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 38 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Shares in 2 companies, SAFYR and HYGIENE & EXPERTISE
Board & ownership| Company | ||||
|---|---|---|---|---|
| TRAINING & CONSULTING TW Estaimpuis | €739,691 | €147,369 | 46.7% | - |
| Lions Realty Ham-sur-Heure-Nalinnes | €752,462 | €159,855 | 52.8% | - |
| ASE Mouscron Mouscron | €692,328 | €142,718 | 43.2% | 0.9 |
| VIP CONSULTING Lobbes | €677,056 | €135,679 | 46.8% | - |
| ASD CODDENS Frasnes-lez-Anvaing | €844,310 | €136,852 | 51.0% | - |
| FR2D CONSULTING Lobbes | €694,460 | €141,953 | 74.7% | - |
| DASSIMMO INVEST Mouscron | €661,909 | €172,988 | 19.6% | - |
These companies have the same main activity as TRAINING & CONSULTING TW: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €662,000 and €844,000, founded between 2013 and 2016.
TRAINING & CONSULTING TW files the abbreviated format. That format states no turnover. The gross margin rose from €105,603 in 2016 to €147,369 in 2025.
The balance sheet grew most from 2022 to 2023 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
The turnover shown is an estimate from the gross margin.
Turnover ≈ €240,000. Estimated: probably between €190,000 and €310,000.
Higher than 45% of 10,855 companies in 2025.
Higher than 65% of 10,477 companies in 2025.
Higher than 95% of 10,724 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||
20/58 |
739,691 | 575,730 | 637,696 | 578,682 | 139,531 | 204,727 | 142,249 | 274,429 | 290,265 | 134,171 | |
20 |
- | - | - | - | - | - | - | 0 | - | - | |
21/28 |
424,237 | 385,700 | 368,542 | 379,884 | 43,274 | 27,270 | 29,145 | 11,071 | 2,820 | 379 | |
21 |
- | - | - | - | - | - | - | 0 | - | - | |
22/27 |
314,037 | 323,000 | 334,342 | 345,684 | 12,074 | 7,320 | 9,195 | 11,071 | 2,820 | 379 | |
22 |
308,128 | 317,334 | 326,540 | 335,746 | - | - | - | 0 | - | - | |
23 |
1,899 | 4,035 | 6,170 | 8,306 | 10,442 | 7,320 | 8,410 | 9,500 | 2,791 | - | |
24 |
4,010 | 1,631 | 1,631 | 1,631 | 1,631 | 0 | 785 | 1,571 | 29 | 379 | |
26 |
- | - | - | - | - | - | - | 0 | - | - | |
27 |
- | - | - | - | - | - | - | 0 | - | - | |
28 |
110,200 | 62,700 | 34,200 | 34,200 | 31,200 | 19,950 | 19,950 | 0 | - | - | |
29/58 |
315,454 | 190,030 | 269,154 | 198,798 | 96,257 | 177,457 | 113,103 | 263,359 | 287,445 | 133,793 | |
29 |
- | - | - | - | - | - | - | 0 | - | - | |
290 |
- | - | - | - | - | - | - | 0 | - | - | |
291 |
- | - | - | - | - | - | - | 0 | - | - | |
3 |
- | - | - | - | - | - | - | 0 | - | - | |
30/36 |
- | - | - | - | - | - | - | 0 | - | - | |
37 |
- | - | - | - | - | - | - | 0 | - | - | |
40/41 |
52,139 | 183,353 | 233,316 | 137,926 | 76,822 | 154,083 | 91,057 | 203,556 | 164,644 | 98,774 | |
40 |
37,626 | 39,087 | 39,329 | 37,096 | 15,499 | 69,412 | 33,865 | 19,284 | 16,869 | 34,809 | |
41 |
14,514 | 144,266 | 193,987 | 100,830 | 61,323 | 84,671 | 57,193 | 184,272 | 147,775 | 63,964 | |
50/53 |
- | - | - | - | - | - | - | 0 | - | - | |
54/58 |
262,802 | 6,320 | 34,475 | 60,560 | 13,849 | 12,999 | 7,524 | 59,803 | 122,801 | 35,019 | |
490/1 |
513 | 357 | 1,363 | 312 | 5,586 | 10,375 | 14,522 | 0 | - | - | |
| Balance sheet: equity and liabilities | |||||||||||
10/49 |
739,691 | 575,730 | 637,696 | 578,682 | 139,531 | 204,727 | 142,249 | 274,429 | 290,265 | 134,171 | |
10/15 |
345,777 | 124,900 | 70,155 | 70,155 | 76,907 | 46,455 | 40,455 | 14,260 | 179,220 | 85,909 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,400 | 18,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 6,200 | 6,200 | 6,200 | 6,200 | |
11 |
- | - | - | - | - | - | - | 0 | - | - | |
1100/10 |
- | - | - | - | - | - | - | 0 | - | - | |
12 |
- | - | - | - | - | - | - | 0 | - | - | |
13 |
327,177 | 106,300 | 51,555 | 51,555 | 45,055 | 28,055 | 28,055 | 1,860 | 1,860 | 1,860 | |
130/1 |
- | - | - | - | - | 1,860 | - | 0 | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
- | - | - | - | - | 1,860 | - | - | - | - | |
1312 |
- | - | - | - | - | - | - | 0 | - | - | |
1319 |
- | - | - | - | - | - | - | 0 | - | - | |
132 |
- | - | - | - | - | - | - | 0 | - | - | |
133 |
327,177 | 106,300 | 51,555 | 51,555 | 45,055 | 26,195 | 26,195 | 0 | - | - | |
14 |
- | - | - | 0 | 13,452 | - | - | 0 | 164,960 | 71,649 | |
15 |
- | - | - | - | - | - | - | 0 | - | - | |
19 |
- | - | - | - | - | - | - | 0 | - | - | |
16 |
- | - | - | - | - | - | - | 0 | - | - | |
160/5 |
- | - | - | - | - | - | - | 0 | - | - | |
160 |
- | - | - | - | - | - | - | 0 | - | - | |
161 |
- | - | - | - | - | - | - | 0 | - | - | |
162 |
- | - | - | - | - | - | - | 0 | - | - | |
163 |
- | - | - | - | - | - | - | 0 | - | - | |
164/5 |
- | - | - | - | - | - | - | 0 | - | - | |
168 |
- | - | - | - | - | - | - | 0 | - | - | |
17/49 |
393,915 | 450,830 | 567,541 | 508,527 | 62,624 | 158,272 | 101,794 | 260,169 | 111,045 | 48,262 | |
17 |
274,334 | 287,055 | 299,326 | 311,164 | - | - | - | 0 | - | - | |
170/4 |
274,334 | 287,055 | 299,326 | 311,164 | - | - | - | 0 | - | - | |
175 |
- | - | - | - | - | - | - | 0 | - | - | |
176 |
- | - | - | - | - | - | - | 0 | - | - | |
178/9 |
- | - | - | - | - | - | - | 0 | - | - | |
42/48 |
119,580 | 163,776 | 268,215 | 197,363 | 62,624 | 158,272 | 101,794 | 260,169 | 111,045 | 48,262 | |
42 |
12,720 | 12,271 | 11,838 | 11,420 | - | - | - | 0 | - | - | |
43 |
6,759 | 2,489 | 1,583 | 1,576 | - | - | - | 0 | - | - | |
430/8 |
6,759 | 2,489 | 1,583 | 1,576 | - | - | - | 0 | - | - | |
439 |
- | - | - | - | - | - | - | 0 | - | - | |
44 |
1,393 | 444 | 4,282 | 24,544 | 4,560 | 10,556 | 6,446 | 4,022 | 5,952 | 1,940 | |
440/4 |
1,393 | 444 | 4,282 | 24,544 | 4,560 | 10,556 | 6,446 | 4,022 | 5,952 | 1,940 | |
441 |
- | - | - | - | - | - | - | 0 | - | - | |
46 |
- | - | - | - | 0 | 2,635 | - | 0 | - | 1,476 | |
45 |
51,765 | 23,413 | 45,619 | 27,226 | 8,717 | 34,718 | 28,022 | 97,480 | 80,348 | 40,919 | |
450/3 |
50,045 | 23,413 | 45,619 | 24,826 | 6,314 | 32,367 | 28,022 | 95,154 | 80,348 | 38,824 | |
454/9 |
1,720 | - | - | 2,400 | 2,403 | 2,351 | 0 | 2,326 | - | 2,095 | |
47/48 |
46,943 | 125,158 | 204,894 | 132,598 | 49,347 | 110,364 | 67,326 | 158,667 | 24,744 | 3,927 | |
492/3 |
- | - | - | - | - | - | - | 0 | - | - | |
| Income statement | |||||||||||
76A |
- | - | - | - | - | - | - | 0 | - | - | |
9900 |
147,369 | 154,016 | 125,794 | 184,567 | 44,982 | 75,234 | 117,584 | 125,276 | 130,563 | 105,603 | |
62 |
1,520 | 1,520 | 1,382 | 1,382 | 1,280 | 1,760 | - | 0 | - | - | |
630 |
11,726 | 11,342 | 11,342 | 56,922 | 2,107 | 1,875 | 1,875 | 1,904 | 660 | 670 | |
631/4 |
- | - | - | - | - | - | - | 0 | - | - | |
635/8 |
- | - | - | - | - | - | - | 0 | - | - | |
640/8 |
1,182 | 1,055 | 1,803 | 1,101 | 1,111 | 448 | 402 | 400 | 742 | 1,002 | |
649 |
- | - | - | - | - | - | - | 0 | - | - | |
66A |
- | - | - | - | - | - | - | 0 | - | - | |
9901 |
132,941 | 140,099 | 111,267 | 125,163 | 40,484 | 71,150 | 115,308 | 122,971 | 129,161 | 103,931 | |
75/76B |
443,737 | 12,220 | 7,889 | 2,964 | 1,458 | 33,575 | 11,907 | 10,840 | 8,679 | 3,539 | |
75 |
10,029 | 12,220 | 7,889 | 2,964 | 1,458 | 33,575 | 11,907 | 10,840 | 8,679 | 3,539 | |
76B |
433,708 | - | - | - | - | - | - | 0 | - | - | |
65/66B |
14,623 | 12,391 | 12,200 | 4,321 | 875 | 599 | 443 | 92,367 | 1,053 | 371 | |
65 |
14,623 | 12,391 | 12,200 | 4,321 | 875 | 599 | 443 | 92,367 | 1,053 | 371 | |
66B |
- | - | - | - | - | - | - | 0 | - | - | |
9903 |
562,055 | 139,928 | 106,956 | 123,805 | 41,066 | 104,126 | 126,772 | 41,444 | 136,787 | 107,099 | |
67/77 |
56,484 | 35,996 | 21,639 | 27,841 | 10,615 | 13,899 | 31,577 | 8,071 | 43,476 | 33,590 | |
9904 |
505,571 | 103,932 | 85,317 | 95,964 | 30,452 | 90,227 | 95,195 | 33,374 | 93,311 | 73,509 | |
789 |
- | - | - | - | - | - | - | 0 | - | - | |
689 |
- | - | - | - | - | - | - | 0 | - | - | |
9905 |
505,571 | 103,932 | 85,317 | 95,964 | 30,452 | 90,227 | 95,195 | 33,374 | 93,311 | 73,509 | |
| Appropriation of the result | |||||||||||
9906 |
505,571 | 103,932 | 85,317 | 109,416 | 30,452 | 90,227 | 95,195 | 198,334 | 164,960 | 73,509 | |
14P |
- | - | - | 13,452 | - | - | - | - | - | - | |
791/2 |
49,695 | - | - | - | - | - | - | 0 | - | - | |
691/2 |
270,571 | 54,745 | - | 6,500 | 17,000 | - | 26,195 | 0 | - | 1,860 | |
691 |
- | - | - | - | - | - | - | 0 | - | - | |
6920 |
- | - | - | - | - | - | - | 0 | - | 1,860 | |
6921 |
270,571 | 54,745 | - | 6,500 | 17,000 | - | 26,195 | 0 | - | - | |
694/7 |
284,695 | 49,187 | 85,317 | 102,916 | 0 | 90,227 | 69,000 | 198,334 | - | - | |
694 |
284,695 | 49,187 | 85,317 | 102,916 | 0 | 90,227 | 69,000 | 198,334 | - | - | |
695 |
- | - | - | - | - | - | - | 0 | - | - | |
696 |
- | - | - | - | - | - | - | 0 | - | - | |
| Document | |||||||||||
The notes to these accounts have 19 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 14-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 14-07-2026 | 2026-00289735 | |
| 31-12-2024 | full format | 09-07-2025 | 2025-00247532 | |
| 31-12-2023 | full format | 03-07-2024 | 2024-00200585 | |
| 31-12-2022 | full format | 02-03-2023 | 2023-00034290 | |
| 31-12-2021 | full format | 12-07-2022 | 2022-20174549 | |
| 31-12-2020 | full format | 20-07-2021 | 2021-38700042 | |
| 31-12-2019 | full format | 14-07-2020 | 2020-30400263 | |
| 31-12-2018 | micro format | 03-07-2019 | 2019-29500387 | |
| 31-12-2017 | micro format | 02-07-2018 | 2018-27000560 | |
| 31-12-2016 | full format | 13-07-2017 | 2017-30200598 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 144,667 | 151,441 | 122,609 | 182,085 | 42,591 | 73,026 | 117,183 | 124,876 | 129,821 | 104,601 | ||
| 517,297 | 115,274 | 96,659 | 152,887 | 32,559 | 92,102 | 97,070 | 35,278 | 93,971 | 74,179 | ||
| 64,013 | 28,500 | 0 | 393,533 | 18,111 | 0 | 19,950 | 10,155 | 3,101 | 1,048 | ||
| 256,481 | -28,155 | -26,085 | 46,711 | 850 | 5,475 | -52,279 | -62,998 | 87,782 | - | ||
| 195,874 | 26,254 | 939 | 1,434 | 33,633 | 19,185 | 11,309 | 3,189 | 176,400 | 85,530 | ||
| 46.7% | 21.7% | 11.0% | 12.1% | 55.1% | 22.7% | 28.4% | 5.2% | 61.7% | 64.0% | ||
| 2.64 | 1.16 | 1.00 | 1.01 | 1.54 | 1.12 | 1.11 | 1.01 | 2.59 | 2.77 | ||
| 1.14 | 3.61 | 8.09 | 7.25 | 0.81 | 3.41 | 2.52 | 18.24 | 0.62 | 0.56 | ||
| 146.2% | 83.2% | 121.6% | 136.8% | 39.6% | 194.2% | 235.3% | 234.0% | 52.1% | 85.6% | ||
| 68.3% | 18.1% | 13.4% | 16.6% | 21.8% | 44.1% | 66.9% | 12.2% | 32.1% | 54.8% | ||
| 9.89 | 12.22 | 10.05 | 42.14 | 48.65 | - | - | - | - | - |
EBIT margin: not included in this filing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €287,055 | €299,326 | €311,164 | €322,584 | - |
| Mortgages, amount registered | €50,000 | €50,000 | €50,000 | €50,000 | - |
| €275,375 | €275,375 | €275,375 | €273,375 | - | |
| Carrying value of the mortgaged assets | €308,128 | €317,334 | €326,540 | €335,746 | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €2,763 | - | - | €390,533 | €6,861 |
| Financial fixed assets | €61,250 | €28,500 | - | €3,000 | €11,250 |
| €11,726 | €11,342 | €11,342 | €56,922 | €2,107 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 5% lower than in 2024.
Debt's share of the balance-sheet total falls from 78.3% to 53.3%. Equity is higher and debt is lower.
Source: list of holdings in its own 2025 accounts. Every holding stands with its own latest accounts.
Source for every holding own accounts 2025
| Name | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| SAFYR | 28% | 4.2% | 12.5% | 30% | |||
| HYGIENE & EXPERTISE | 6.7% | ||||||
| Hygiène & Expertise SASFR | 50% | ||||||
| HEX LAB | 33.33% | ||||||
| Hygiène et Expertise SASGA | 50% | ||||||
Source: list of holdings in its own accounts
The network starts from the directors of TRAINING & CONSULTING TW. Every other company they run is a node.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Rue de la Bouteillerie 53 registered office 7730 Estaimpuis | 19-02-2015 | 2.240.405.832 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 57028A0391/00B000 | 1,907 m² | 1 · 206 m² | 6.4 m · 2 |
If something looks wrong or is missing, please tell us.