Trends Master
ActiveSummary
Trends Master has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €205,665 and a net result of -€5,440. Equity is growing by ~25.6% per year across the filed fiscal years. Its solvency ranks better than 25% of 37951 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability68▼-11
Solvency52▲+14
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days only on tighter terms
Liquidity ample (current ratio 2.4 against 1.11 in 2023; short-term debt: 9.8% and cash: 13.5% of total assets), but 73.2% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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
26.8%
Return on assets
-0.7%
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 37951 sector peers (2024).
NBB · sector comparisonPosition among 37951 sector peers
Solvency
better than 25%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-11-2025, 97 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
97 d late
2023
7 d early
2022
70 d late
2021
86 d late
2020
30 d late
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 41 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 2024, micro schema
Equity
€205,665▲ 335%
2023 · €47,298
Total assets
€766,394▲ 112%
2023 · €361,627
Net result
-€5,440
2023 · €29,560
Working capital
€104,858▲ 1,003%
2023 · €9,508
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€41,219▲ 1,460%€18,235▼ 55.8%€25,343▲ 39.0%€52,227▲ 106%€177,924▲ 241%
Net result€27,422within the sector's middle half€8,308within the sector's middle half▼ 69.7%€14,526within the sector's middle half▲ 74.8%€29,560within the sector's middle half▲ 103%-€5,440below the sector's middle half
Equity€29,404within the sector's middle half▲ 321%€32,712within the sector's middle half▲ 11.3%€30,238within the sector's middle half▼ 7.6%€47,298within the sector's middle half▲ 56.4%€205,665within the sector's middle half▲ 335%
Total assets€290,536within the sector's middle half▲ 18.8%€267,265within the sector's middle half▼ 8.0%€264,564within the sector's middle half▼ 1.0%€361,627within the sector's middle half▲ 36.7%€766,394above the sector's middle half▲ 112%
Debt€261,132▲ 9.9%€234,552▼ 10.2%€234,326▼ 0.1%€314,329▲ 34.1%€506,126▲ 61.0%
Working capital€2,596within the sector's middle half-€3,206below the sector's middle half-€7,419below the sector's middle half▼ 131%€9,508within the sector's middle half€104,858within the sector's middle half▲ 1,003%
Solvency10.1%below the sector's middle half▲ 7.3pp12.2%below the sector's middle half▲ 2.1pp11.4%below the sector's middle half▼ 0.8pp13.1%below the sector's middle half▲ 1.6pp26.8%below the sector's middle half▲ 13.8pp
Current ratio1.05within the sector's middle half▲ 0.440.92below the sector's middle half▼ 0.130.86below the sector's middle half▼ 0.061.11within the sector's middle half▲ 0.252.40within the sector's middle half▲ 1.29
Return on assets (ROA)9.4%within the sector's middle half▲ 12.5pp3.1%within the sector's middle half▼ 6.3pp5.5%within the sector's middle half▲ 2.4pp8.2%within the sector's middle half▲ 2.7pp-0.7%below the sector's middle half▼ 8.9pp
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
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 241% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €766,394
Fixed assets
€586,596 ▲ 123%
Current assets
€179,798 ▲ 83.0%
Equity and liabilities €766,394
Equity
€205,665 ▲ 335%
Provisions
€54,602
Debt
€506,126 ▲ 61.0%
Debt's share of the balance-sheet total falls from 86.9% to 66.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€261,921▲
2023 · €74,906
Cash flow
€78,557▲
2023 · €52,239
Debt to equity
2.46▼
2023 · 6.65
ROE
-2.6%▼
2023 · 62.5%
Interest coverage
10.90▲
2023 · 7.85
Debt ≤ 1 year
€74,940▼
2023 · €88,763
Debt > 1 year
€430,332▲
2023 · €225,364
Income taxes
€402▼
2023 · €13,123
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,423 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a small loss
1.0%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.4% 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 1,423 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €238,007 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,501 | €11,308 | €11,448 | €22,680 | €83,997 | ▲ 270% |
| Other operating charges640/8 | - | €4,856 | €800 | €7,355 | €2,392 | ▼ 67.5% |
| Gross operating margin9900 | €55,046 | €34,399 | €37,592 | €82,262 | €264,314 | ▲ 221% |
| Operating profit (loss)9901 | €41,219 | €18,235 | €25,343 | €52,227 | €177,924 | ▲ 241% |
| Financial income75/76B | - | €1,888 | €1 | €1 | €59,469 | ▲ 8,146,271% |
| Recurring financial income75 | - | €1,888 | €1 | €1 | €59,469 | ▲ 8,146,271% |
| Financial charges65/66B | - | €8,103 | €8,250 | €9,545 | €24,021 | ▲ 152% |
| Recurring financial charges65 | €6,436 | €8,103 | €8,250 | €9,545 | €24,021 | ▲ 152% |
| Profit (loss) for the period before taxes9903 | €34,783 | €12,021 | €17,093 | €42,683 | €213,372 | ▲ 400% |
| Transfer from deferred taxes780 | - | - | - | - | €19,597 | - |
| Transfer to deferred taxes680 | - | - | - | - | €238,007 | - |
| Income taxes67/77 | €7,361 | €3,712 | €2,568 | €13,123 | €402 | ▼ 96.9% |
| Profit (loss) for the period9904 | €27,422 | €8,308 | €14,526 | €29,560 | -€5,440 | ▼ 118% |
| Profit (loss) for the period to be appropriated9905 | €27,422 | €8,308 | €14,526 | €29,560 | -€5,440 | ▼ 118% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €290,536 | €267,265 | €264,564 | €361,627 | €766,394 | ▲ 112% |
| Fixed assets21/28 | €236,047 | €229,787 | €219,246 | €263,356 | €586,596 | ▲ 123% |
| Tangible fixed assets22/27 | €171,047 | €162,262 | €151,721 | €195,831 | €522,811 | ▲ 167% |
| Land and buildings22 | - | €157,141 | €146,701 | €140,840 | €468,775 | ▲ 233% |
| Furniture and vehicles24 | - | €5,121 | €5,021 | €54,992 | €54,036 | ▼ 1.7% |
| Financial fixed assets28 | €65,000 | €67,525 | €67,525 | €67,525 | €63,785 | ▼ 5.5% |
| Current assets29/58 | €54,489 | €37,478 | €45,318 | €98,271 | €179,798 | ▲ 83.0% |
| Amounts receivable after more than one year29 | - | - | - | €17,500 | €23,500 | ▲ 34.3% |
| Trade receivables290 | - | - | - | €17,500 | €23,500 | ▲ 34.3% |
| Amounts receivable within one year40/41 | €34,353 | €26,704 | €43,574 | €74,843 | €44,182 | ▼ 41.0% |
| Trade receivables40 | - | €9,657 | €7,731 | €14,599 | €13,407 | ▼ 8.2% |
| Other amounts receivable41 | - | €17,047 | €35,842 | €60,245 | €30,774 | ▼ 48.9% |
| Cash at bank and in hand54/58 | €18,964 | €10,299 | €591 | €4,322 | €103,542 | ▲ 2,296% |
| Deferred charges and accrued income490/1 | - | €475 | €1,153 | €1,605 | €8,574 | ▲ 434% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €290,536 | €267,265 | €264,564 | €361,627 | €766,394 | ▲ 112% |
| Equity10/15 | €29,404 | €32,712 | €30,238 | €47,298 | €205,665 | ▲ 335% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €2,000 | €2,000 | €2,000 | €2,000 | €165,807 | ▲ 8,190% |
| Non-distributable reserves130/1 | - | €2,000 | €2,000 | €0 | - | - |
| Reserves not available under the articles1311 | - | €2,000 | €2,000 | €0 | - | - |
| Tax-exempt reserves132 | - | - | - | - | €163,807 | - |
| Distributable reserves133 | - | - | - | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €7,404 | €10,712 | €8,238 | €25,298 | €19,858 | ▼ 21.5% |
| Provisions and deferred taxes16 | - | - | - | - | €54,602 | - |
| Deferred taxes168 | - | - | - | - | €54,602 | - |
| Amounts payable17/49 | €261,132 | €234,552 | €234,326 | €314,329 | €506,126 | ▲ 61.0% |
| Amounts payable after more than one year17 | €209,239 | €193,869 | €181,590 | €225,364 | €430,332 | ▲ 90.9% |
| Financial debts170/4 | - | €193,869 | €181,590 | €203,644 | €408,612 | ▲ 101% |
| Other amounts payable178/9 | - | - | - | €21,720 | €21,720 | = |
| Amounts payable within one year42/48 | €51,893 | €40,683 | €52,736 | €88,763 | €74,940 | ▼ 15.6% |
| Current portion of amounts payable after more than one year42 | - | €15,369 | €13,118 | €23,761 | €24,612 | ▲ 3.6% |
| Financial debts43 | - | €587 | €947 | €1,900 | €6,440 | ▲ 239% |
| Credit institutions430/8 | - | €587 | €947 | €1,900 | €6,440 | ▲ 239% |
| Trade debts44 | €9,885 | €4,092 | €3,186 | €6,644 | €18,437 | ▲ 178% |
| Suppliers440/4 | - | €4,092 | €3,186 | €6,644 | €18,437 | ▲ 178% |
| Advances received on contracts in progress46 | - | €381 | €8,970 | €13,749 | €3,749 | ▼ 72.7% |
| Taxes, remuneration and social security45 | - | €15,254 | €9,515 | €28,265 | €19,141 | ▼ 32.3% |
| Taxes450/3 | - | €15,254 | €9,515 | €28,265 | €19,141 | ▼ 32.3% |
| Other amounts payable47/48 | - | €5,000 | €17,000 | €14,444 | €2,560 | ▼ 82.3% |
| Accrued charges and deferred income492/3 | - | - | - | €202 | €854 | ▲ 322% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27,422 | €8,308 | €14,526 | €29,560 | -€5,440 | ▼ 118% |
| + Depreciation and write-downs630 | €11,501 | €11,308 | €11,448 | €22,680 | €83,997 | ▲ 270% |
| Operating cash flow (approximation) | €38,923 | €19,616 | €25,974 | €52,239 | €78,557 | ▲ 50.4% |
| Investment in fixed assets (approximation) | - | -€5,048 | -€908 | -€66,790 | -€407,237 | ▼ 510% |
| Change in cash | - | -€8,665 | -€9,708 | €3,732 | €99,220 | ▲ 2,559% |
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
2025
05-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 97 days late
2024
31-12
Financial
Liquidity doublescurrent ratio 2.40
Current ratio from 1.11 to 2.40; short-term debt falls from €88,763 to €74,940.
31-12
Financial
Equity above €200,000Eq €205,665 ▲335%
Equity rises from €47,298 to €205,665.
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €29,560 ▲103%
Net result €29,560, the highest in the series.
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
25-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 86 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Back to profitnet €27,422
Net result €27,422 after one loss-making year.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet -€7,389
Net result drops to -€7,389, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
10-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 10 days late
2017
03-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
25-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2014
07-04
State Gazette act
Registered officeRegistered-office move2 facts ▸
State Gazette act
Registered office
Registered-office move2 facts ▸
- General meeting, 24/02/2014
- Registered-office move, 12 rue des platanes à 1421 Ophain
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have 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: 1 of 6 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Lasne · 1 establishment unit since 2012
Ground area
1,896 m²
Building footprint
177 m²
Volume, LiDAR
1,068 m³
Parcel 25051A0049/00S005, Wallonia · tallest building 15.1 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Trends Master
since 20122.210.947.823
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25051A0049/00S005 | Wallonia | 1,896 m² | 1 · 177 m² | 15.1 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.
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Of 82,601 companies in this sector we hold annual accounts for 52,629. 39,801 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
Founded02-07-2012
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
46419Wholesale trade
47400Retail sale of information and communication equipment
47511Retail trade
47519Retail trade
62200Computer consultancy and computer facilities management
E-invoicing
Reachable via Peppol
Peppol ID
0208:0847040721
Also
9925:BE0847040721
Registered
29-07-2026
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.