tweak it
ActiveSummary
tweak it has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.03M and a net result of €592k. Equity is growing by ~19% per year across the filed fiscal years. Its solvency ranks better than 41% of 8692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability99▲+11
Solvency67▼-11
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80k at 30 days acceptable
Liquidity tight (current ratio 1.35 against 1.76 in 2024; short-term debt: 47.7% and cash: 18.7% of total assets), and 57.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers 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 · 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
42.4%
Return on assets
24.4%
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 26-05-2026, 66 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
66 d early
2024
35 d early
2023
34 d early
2022
60 d late
2021
30 d early
2020
24 d early
2019
35 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.03M▼ 0.8%
2024 · €1.04M
2018: €154klowest in 8 years
2019: €362k▲ +135% vs 2018
2020: €675k▲ +86.2% vs 2019
2021: €949k▲ +40.7% vs 2020
2022: €1.13M▲ +18.8% vs 2021
2023: €1.34M▲ +19.1% vs 2022highest in 8 years
2024: €1.04M▼ -22.6% vs 2023
2025: €1.03M▼ -0.8% vs 2024
2018 → 2025
Total assets
€2.43M▲ 25.2%
2024 · €1.94M
2018: €232klowest in 8 years
2019: €453k▲ +95.0% vs 2018
2020: €974k▲ +115% vs 2019
2021: €1.07M▲ +10.1% vs 2020
2022: €1.70M▲ +58.0% vs 2021
2023: €1.86M▲ +10.0% vs 2022
2024: €1.94M▲ +4.1% vs 2023
2025: €2.43M▲ +25.2% vs 2024highest in 8 years
2018 → 2025
Net result
€592k▲ 100.0%
2024 · €296k
2018: €134klowest in 8 years
2019: €208k▲ +55.0% vs 2018
2020: €312k▲ +50.0% vs 2019
2021: €274k▼ -12.1% vs 2020
2022: €179k▼ -34.9% vs 2021
2023: €215k▲ +20.4% vs 2022
2024: €296k▲ +37.7% vs 2023
2025: €592k▲ +100.0% vs 2024highest in 8 years
2018 → 2025
Working capital
€410k▼ 10.7%
2024 · €458k
2018: €154klowest in 8 years
2019: €329k▲ +113% vs 2018
2020: €639k▲ +93.9% vs 2019
2021: €930k▲ +45.7% vs 2020highest in 8 years
2022: €623k▼ -33.0% vs 2021
2023: €850k▲ +36.3% vs 2022
2024: €458k▼ -46.1% vs 2023
2025: €410k▼ -10.7% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€949k-€1.13M▲ 18.8%€1.34M▲ 19.1%€1.04M▼ 22.6%€1.03M▼ 0.8%
2021: €949klowest in 5 years
2022: €1.13M▲ +18.8% vs 2021
2023: €1.34M▲ +19.1% vs 2022highest in 5 years
2024: €1.04M▼ -22.6% vs 2023
2025: €1.03M▼ -0.8% vs 2024
Operating result€358k-€249k▼ 30.5%€313k▲ 25.9%€432k▲ 37.9%€610k▲ 41.2%
2021: €358k
2022: €249k▼ -30.5% vs 2021lowest in 5 years
2023: €313k▲ +25.9% vs 2022
2024: €432k▲ +37.9% vs 2023
2025: €610k▲ +41.2% vs 2024highest in 5 years
Net result€274k-€179k▼ 34.9%€215k▲ 20.4%€296k▲ 37.7%€592k▲ 100.0%
2021: €274k
2022: €179k▼ -34.9% vs 2021lowest in 5 years
2023: €215k▲ +20.4% vs 2022
2024: €296k▲ +37.7% vs 2023
2025: €592k▲ +100.0% vs 2024highest in 5 years
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 2022 the operating result has climbed three years in a row; 2025 is 41% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.43M
Fixed assets
€862k ▼ 2.4%
Current assets
€1.57M ▲ 48.2%
Equity and liabilities €2.43M
Equity
€1.03M ▼ 0.8%
Debt
€1.40M ▲ 55.0%
Debt's share of the balance-sheet total rises from 46.5% to 57.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€647k▲
2024 · €471k
Cash flow
€630k▲
2024 · €336k
Current ratio
1.35▼
2024 · 1.76
Debt to equity
1.36▲
2024 · 0.87
ROE
57.4%▲
2024 · 28.5%
ROA
24.4%▲
2024 · 15.2%
Interest coverage
117.14▲
2024 · 71.51
Debt ≤ 1 year
€1.16M▲
2024 · €600k
Debt > 1 year
€226k▼
2024 · €288k
Income taxes
€186k▲
2024 · €133k
Staff costs
€200k▼
2024 · €209k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.94M€2.43M▲
Fixed assets21/28€883k€862k▼
Tangible fixed assets22/27€821k€800k▼
Furniture and vehicles24€19k€20k▲
Other tangible fixed assets26€802k€780k▼
Financial fixed assets28€62k€62k=
Current assets29/58€1.06M€1.57M▲
Stocks and contracts in progress3€3k€0▼
Stocks30/36€3k€0▼
Amounts receivable within one year40/41€193k€82k▼
Trade receivables40€193k€82k▼
Current investments50/53€499k€1.02M▲
Cash at bank and in hand54/58€333k€454k▲
Deferred charges and accrued income490/1€31k€12k▼
Equity and liabilities
Total equity and liabilities10/49€1.94M€2.43M▲
Equity10/15€1.04M€1.03M▼
Contributions10/11€20k€20k=
Reserves13€692k€984k▲
Distributable reserves133€692k€984k▲
Profit (loss) carried forward14€327k€27k▼
Amounts payable17/49€903k€1.40M▲
Amounts payable after more than one year17€288k€226k▼
Financial debts170/4€288k€226k▼
Amounts payable within one year42/48€600k€1.16M▲
Current portion of amounts payable after more than one year42€62k€62k▲
Trade debts44€45k€66k▲
Suppliers440/4€45k€66k▲
Taxes, remuneration and social security45€57k€65k▲
Taxes450/3€33k€40k▲
Remuneration and social security454/9€24k€24k▲
Other amounts payable47/48€436k€966k▲
Accrued charges and deferred income492/3€15k€15k=
Income statement
Code20242025
Remuneration, social security and pensions62€209k€200k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€40k€38k▼
Other operating charges640/8€3k€3k▲
Non-recurring operating charges66A€0€347▲
Gross operating margin9900€683k€851k▲
Operating profit (loss)9901€432k€610k▲
Financial income75/76B€4k€174k▲
Recurring financial income75€4k€174k▲
Financial charges65/66B€7k€6k▼
Recurring financial charges65€7k€6k▼
Profit (loss) for the period before taxes9903€429k€778k▲
Income taxes67/77€133k€186k▲
Profit (loss) for the period9904€296k€592k▲
Profit (loss) for the period to be appropriated9905€296k€592k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.22M€919k▼
Profit (loss) brought forward from the previous period14P€927k€327k▼
Transfer to equity691/2€296k€292k▼
To other reserves6921€296k€292k▼
Profit to be distributed694/7€600k€600k=
Return on contributions (dividend)694€600k€600k=
Social balance
Average headcount (FTE)90873.03.0=
The notes to these accounts (22 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €156k | €144k | €211k | €209k | €200k | ▼ 4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11k | €86k | €87k | €40k | €38k | ▼ 4.8% |
| Other operating charges640/8 | €938 | €2k | €3k | €3k | €3k | ▲ 27.0% |
| Non-recurring operating charges66A | - | €1k | €303 | €0 | €347 | - |
| Gross operating margin9900 | €526k | €482k | €614k | €683k | €851k | ▲ 24.6% |
| Operating profit (loss)9901 | €358k | €249k | €313k | €432k | €610k | ▲ 41.2% |
| Financial income75/76B | €3k | €13k | €5k | €4k | €174k | ▲ 4,567% |
| Recurring financial income75 | €3k | €13k | €5k | €4k | €174k | ▲ 4,567% |
| Financial charges65/66B | €2k | €5k | €8k | €7k | €6k | ▼ 16.1% |
| Recurring financial charges65 | €2k | €5k | €8k | €7k | €6k | ▼ 16.1% |
| Profit (loss) for the period before taxes9903 | €359k | €256k | €310k | €429k | €778k | ▲ 81.4% |
| Income taxes67/77 | €85k | €77k | €95k | €133k | €186k | ▲ 40.0% |
| Profit (loss) for the period9904 | €274k | €179k | €215k | €296k | €592k | ▲ 100.0% |
| Profit (loss) for the period to be appropriated9905 | €274k | €179k | €215k | €296k | €592k | ▲ 100.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.07M | €1.70M | €1.86M | €1.94M | €2.43M | ▲ 25.2% |
| Fixed assets21/28 | €34k | €930k | €857k | €883k | €862k | ▼ 2.4% |
| Intangible fixed assets21 | €16k | €8k | €0 | - | - | - |
| Tangible fixed assets22/27 | €18k | €922k | €857k | €821k | €800k | ▼ 2.6% |
| Furniture and vehicles24 | €18k | €30k | €29k | €19k | €20k | ▲ 0.7% |
| Other tangible fixed assets26 | - | €892k | €829k | €802k | €780k | ▼ 2.7% |
| Financial fixed assets28 | - | - | - | €62k | €62k | = |
| Current assets29/58 | €1.04M | €766k | €1.01M | €1.06M | €1.57M | ▲ 48.2% |
| Stocks and contracts in progress3 | €7k | €5k | €3k | €3k | €0 | ▼ 100% |
| Stocks30/36 | €7k | €5k | €3k | €3k | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €204k | €184k | €196k | €193k | €82k | ▼ 57.7% |
| Trade receivables40 | €204k | €184k | €196k | €193k | €82k | ▼ 57.7% |
| Current investments50/53 | €404k | €493k | €496k | €499k | €1.02M | ▲ 105% |
| Cash at bank and in hand54/58 | €424k | €85k | €312k | €333k | €454k | ▲ 36.5% |
| Deferred charges and accrued income490/1 | - | - | - | €31k | €12k | ▼ 60.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.07M | €1.70M | €1.86M | €1.94M | €2.43M | ▲ 25.2% |
| Equity10/15 | €949k | €1.13M | €1.34M | €1.04M | €1.03M | ▼ 0.8% |
| Contributions10/11 | €20k | €20k | €20k | €20k | €20k | = |
| Reserves13 | €2k | €181k | €396k | €692k | €984k | ▲ 42.2% |
| Non-distributable reserves130/1 | €2k | €0 | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €0 | - | - | - | - |
| Distributable reserves133 | - | €181k | €396k | €692k | €984k | ▲ 42.2% |
| Profit (loss) carried forward14 | €927k | €927k | €927k | €327k | €27k | ▼ 91.7% |
| Amounts payable17/49 | €124k | €568k | €522k | €903k | €1.40M | ▲ 55.0% |
| Amounts payable after more than one year17 | - | €411k | €350k | €288k | €226k | ▼ 21.7% |
| Financial debts170/4 | - | €411k | €350k | €288k | €226k | ▼ 21.7% |
| Amounts payable within one year42/48 | €109k | €143k | €157k | €600k | €1.16M | ▲ 93.2% |
| Current portion of amounts payable after more than one year42 | - | €60k | €61k | €62k | €62k | ▲ 1.5% |
| Trade debts44 | €75k | €32k | €47k | €45k | €66k | ▲ 46.5% |
| Suppliers440/4 | €75k | €32k | €47k | €45k | €66k | ▲ 46.5% |
| Taxes, remuneration and social security45 | €32k | €38k | €47k | €57k | €65k | ▲ 13.5% |
| Taxes450/3 | €14k | €18k | €19k | €33k | €40k | ▲ 21.2% |
| Remuneration and social security454/9 | €18k | €20k | €29k | €24k | €24k | ▲ 2.6% |
| Other amounts payable47/48 | €2k | €13k | €2k | €436k | €966k | ▲ 121% |
| Accrued charges and deferred income492/3 | €15k | €15k | €15k | €15k | €15k | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €274k | €179k | €215k | €296k | €592k | ▲ 100.0% |
| + Depreciation and write-downs630 | €11k | €86k | €87k | €40k | €38k | ▼ 4.8% |
| Operating cash flow (approximation) | €286k | €265k | €302k | €336k | €630k | ▲ 87.7% |
| Investment in fixed assets (approximation) | - | €-982k | €-14k | €-66k | €-16k | ▲ 75.3% |
| Change in cash | - | €-339k | €227k | €21k | €121k | ▲ 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
26-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €592k ▲100%
Operating result €610k, net result €592k, both a record.
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 60 days late
2022
31-12
Financial
Equity above €1MEq €1.13M ▲18.8%
5 profitable years in a row build equity to €1.13M.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity triplescurrent ratio 9.52
Current ratio from 3.13 to 9.52; short-term debt falls from €300k to €109k.
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €500kEq €675k ▲86.2%
3 profitable years in a row build equity to €675k.
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €200kEq €362k ▲135%
2 profitable years in a row build equity to €362k.
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial 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
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2017
Ground area
252 m²
Building footprint
124 m²
Volume, LiDAR
926 m³
Parcel 44809I0786/00C003, Flanders · tallest building 13.5 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Patijntjestraat 30, 9000 Gent
since 20172.265.983.544
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44809I0786/00C003 | Flanders | 251 m² | 1 · 124 m² | 13.5 m · 3 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 50 EUR awarded · 50 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 50 EUR | 50 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 27,511 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
Founded26-06-2017
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.