Whetstone Consulting
ActiveWhetstone Consulting has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €131k and a net result of €59k. Equity is growing by ~43.1% per year across the filed fiscal years. Its solvency ranks better than 24% of 20786 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
73
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability87▲+14
Solvency57▲+17
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 1.79 against 3.42 in 2023; short-term debt: 17.9% and cash: 1.4% of total assets), but 68.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 20786 sector peers (2024).
NBB · sector comparisonPosition among 20786 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-10-2025, 75 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
75 d late
2023
61 d late
2022
71 d late
2021
101 d late
2020
122 d late
2019
153 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€131k▲ 81.9%
2023 · €72k
2018: €5k
2019: €5k
2020: €21k
2021: €37k
2022: €39k
2023: €72k
2018 → 2024
Total assets
€413k▼ 13.2%
2023 · €476k
2018: €497k
2019: €471k
2020: €459k
2021: €462k
2022: €451k
2023: €476k
2018 → 2024
Net result
€59k▲ 78.2%
2023 · €33k
2018: €-17k
2019: €381
2020: €16k
2021: €16k
2022: €2k
2023: €33k
2018 → 2024
Working capital
€58k▼ 56.1%
2023 · €133k
2018: €53k
2019: €84k
2020: €79k
2021: €95k
2022: €103k
2023: €133k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€21k-€37k▲ 73.2%€39k▲ 4.6%€72k▲ 85.0%€131k▲ 81.9%
Operating result€26k-€27k▲ 0.9%€6k▼ 77.7%€49k▲ 727%€84k▲ 71.7%
Net result€16k-€16k▼ 1.8%€2k▼ 89.1%€33k▲ 1,823%€59k▲ 78.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 72% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €413k
Fixed assets
€281k▼ 2.7%
Current assets
€132k▼ 29.5%
Equity and liabilities €413k
Equity
€131k▲ 81.9%
Debt
€282k▼ 30.2%
The debt ratio falls from 84.9% to 68.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€92k▲
2023 · €56k
Cash flow
€66k▲
2023 · €40k
Solvency
31.7%▲
2023 · 15.1%
Current ratio
1.79▼
2023 · 3.42
Quick ratio
1.79▼
2023 · 3.42
Debt / equity
2.15▼
2023 · 5.60
ROE
45.0%▼
2023 · 46.0%
ROA
14.3%▲
2023 · 7.0%
Interest coverage
15.72▲
2023 · 5.53
Debt
€282k▼
2023 · €404k
Debt ≤ 1 year
€74k▲
2023 · €55k
Debt > 1 year
€208k▼
2023 · €337k
Income taxes
€24k▲
2023 · €14k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€476k€413k▼
Fixed assets21/28€289k€281k▼
Tangible fixed assets22/27€288k€281k▼
Land and buildings22€288k€281k▼
Plant, machinery and equipment23-€220
Financial fixed assets28€900-
Current assets29/58€187k€132k▼
Amounts receivable within one year40/41€185k€126k▼
Trade receivables40€8k€17k▲
Other amounts receivable41€177k€110k▼
Cash at bank and in hand54/58€3k€6k▲
Equity and liabilities
Total equity and liabilities10/49€476k€413k▼
Equity10/15€72k€131k▲
Contributions10/11€7k€7k=
Reserves13€15k€15k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€13k€13k=
Profit (loss) carried forward14€51k€110k▲
Amounts payable17/49€404k€282k▼
Amounts payable after more than one year17€337k€208k▼
Financial debts170/4€337k€208k▼
Amounts payable within one year42/48€55k€74k▲
Current portion of amounts payable after more than one year42€14k€14k▲
Trade debts44€10k€6k▼
Suppliers440/4€10k€6k▼
Taxes, remuneration and social security45€31k€54k▲
Taxes450/3€31k€54k▲
Accrued charges and deferred income492/3€12k-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€7k▲
Other operating charges640/8€2k€5k▲
Gross operating margin9900€58k€96k▲
Operating profit (loss)9901€49k€84k▲
Financial income75/76B€8k€5k▼
Recurring financial income75€8k€5k▼
Financial charges65/66B€10k€6k▼
Recurring financial charges65€10k€6k▼
Profit (loss) for the period before taxes9903€47k€83k▲
Income taxes67/77€14k€24k▲
Profit (loss) for the period9904€33k€59k▲
Profit (loss) for the period to be appropriated9905€33k€59k▲
Appropriation of the result
Profit (loss) to be appropriated9906€51k€110k▲
Profit (loss) brought forward from the previous period14P€18k€51k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
14-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 75 days late
2024
31-12
Financial
Highest result since 2018net €59k ▲78.2%
Operating result €84k, net result €59k, both a record.
31-12
Financial
Equity above €100kEq €131k ▲81.9%
6 profitable years in a row build equity to €131k.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
10-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 71 days late
2022
09-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 101 days late
2021
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 122 days late
2020
31-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 153 days late
2019
31-12
Financial
Back to profitnet €381
Net result €381 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Gentstraat 829041 GentGround area
361 m²
Building footprint
68 m²
Volume, LiDAR
546 m³
Parcel 44051D0142/00F003, Flanders · tallest building 10.5 m, ±3 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44051D0142/00F003 | Flanders | 361 m² | 1 · 68 m² | 10.4 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Devout
BE 0643.596.186
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NEXSTEP
BE 0741.362.684
Londerzeel · Eq €131k
VD-SOFT
BE 1001.842.031
Esneux · Eq €131k
PLM SERVICES
BE 0884.430.261
Tessenderlo-Ham · Eq €131k
LVDV-PROJECTS
BE 0886.311.269
Soignies · Eq €131k
Of 29,995 companies in sector 62200 we hold annual accounts for 18,387. 15,430 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded20-06-2017
Fiscal year end31-12
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.