Turnover
The micro format states no turnover.
The micro format states no turnover.
Lower net result than 81% of companies in head offices and management consultancy. Sector median €27,167 · 39,351 companies.
The dashed line is the sector median: 0.1% across 48,551 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 52% of them on solvency, 71% on liquidity, 29% on profitability and 32% on growth.
The bankruptcy probability was computed on 05-11-2026 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 30-06-2025.
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, 3,440 companies had the same profile as Withe & Co has now. Each dot stands for 9 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Withe & Co itself is lower: < 0.1% within 12 months. It rests on far more data about Withe & Co than the profile alone.
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 3,440 companies, not a prediction for Withe & Co. 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 2.18 (2.06 in 2024), above the usual 1.5. Short-term debt is 42.9% and cash 88.6% of total assets. 42.9% 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 4 accounts on average 37 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.
| Company | ||||
|---|---|---|---|---|
| Withe & Co Molenbeek-Saint-Jean | €33,610 | €2,380 | 57.1% | - |
| PROGES Forest | €38,934 | €2,101 | 88.4% | - |
| Finbar Boortmeerbeek | €31,705 | €2,229 | 97.0% | - |
| Gearstep Tervuren | €30,939 | €2,844 | 3.3% | - |
| OVRC Alken | €29,115 | €2,769 | 52.5% | - |
| Unieke Wellness Sint-Niklaas | €30,151 | €2,779 | 26.6% | - |
| Golden Fleece Group Ixelles | €26,743 | €2,112 | -70.6% | - |
These companies have the same main activity as Withe & Co: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €26,700 and €38,900, founded between 2021 and 2022.
Withe & Co files the micro format. That format states no turnover. The gross margin fell from €37,921 in 2022 to €2,380 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €11,000. Estimated: probably between €5,300 and €22,000.
Higher than 51% of 39,335 companies in 2025.
Higher than 52% of 38,020 companies in 2025.
Higher than 14% of 38,492 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
33,610 | 37,300 | 32,786 | 55,883 | |
21/28 |
2,224 | 2,129 | 3,941 | 2,792 | |
22/27 |
2,224 | 2,129 | 3,941 | 2,792 | |
24 |
1,590 | 1,190 | 2,696 | 2,792 | |
26 |
634 | 939 | 1,245 | - | |
29/58 |
31,386 | 35,170 | 28,845 | 53,091 | |
40/41 |
882 | 24,027 | 17,483 | 20,752 | |
40 |
882 | 24,027 | 17,483 | 20,748 | |
41 |
- | - | - | 4 | |
54/58 |
29,764 | 10,217 | 10,498 | 32,339 | |
490/1 |
741 | 927 | 864 | - | |
| Balance sheet: equity and liabilities | |||||
10/49 |
33,610 | 37,300 | 32,786 | 55,883 | |
10/15 |
19,192 | 20,230 | 20,165 | 22,279 | |
10/11 |
3,000 | 3,000 | 3,000 | 3,000 | |
13 |
18,000 | 18,000 | 18,000 | 18,000 | |
133 |
18,000 | 18,000 | 18,000 | 18,000 | |
14 |
-1,808 | -770 | -835 | 1,279 | |
17/49 |
14,418 | 17,070 | 12,621 | 33,604 | |
42/48 |
14,418 | 17,070 | 12,621 | 31,950 | |
44 |
3,333 | 2,717 | 2,807 | 6,293 | |
440/4 |
3,333 | 2,717 | 2,807 | 6,293 | |
45 |
3,579 | 7,639 | 5,451 | 23,359 | |
450/3 |
3,579 | 7,639 | 5,451 | 23,359 | |
47/48 |
7,507 | 6,713 | 4,362 | 2,297 | |
492/3 |
- | - | - | 1,654 | |
| Income statement | |||||
9900 |
2,380 | 4,252 | 1,829 | 37,921 | |
630 |
1,516 | 1,812 | 1,508 | 1,393 | |
640/8 |
785 | 869 | 631 | 1,274 | |
9901 |
79 | 1,572 | -309 | 35,254 | |
75/76B |
- | 33 | - | 18 | |
75 |
- | 33 | - | 18 | |
65/66B |
217 | 1,539 | 469 | 1,193 | |
65 |
217 | 288 | 469 | 1,193 | |
66B |
- | 1,252 | - | - | |
9903 |
-138 | 65 | -778 | 34,079 | |
67/77 |
900 | - | 1,336 | 14,800 | |
9904 |
-1,038 | 65 | -2,114 | 19,279 | |
9905 |
-1,038 | 65 | -2,114 | 19,279 | |
| Appropriation of the result | |||||
9906 |
-1,808 | -770 | -835 | 19,279 | |
14P |
-770 | -835 | 1,279 | - | |
691/2 |
- | - | - | 18,000 | |
6921 |
- | - | - | 18,000 | |
| Document | |||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 26-12-2025.
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| 1,595 | 3,383 | 1,198 | 36,647 | ||
| 478 | 1,877 | -606 | 20,672 | ||
| 1,610 | 0 | 2,656 | 4,185 | ||
| 19,546 | -281 | -21,841 | - | ||
| 16,968 | 18,101 | 16,224 | 21,141 | ||
| 57.1% | 54.2% | 61.5% | 39.9% | ||
| 2.18 | 2.06 | 2.29 | 1.66 | ||
| 0.75 | 0.84 | 0.63 | 1.51 | ||
| -5.4% | 0.3% | -10.5% | 86.5% | ||
| -3.1% | 0.2% | -6.4% | 34.5% | ||
| 7.34 | 11.76 | 2.56 | 30.73 |
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 | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €1,610 | - | €2,656 | €4,185 |
| €1,516 | €1,812 | €1,508 | €1,393 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 95% lower than in 2024.
Debt's share of the balance-sheet total falls from 45.8% to 42.9%. Equity and debt are lower.
Withe & Co has no parent and no holdings in its annual accounts.
| GAZONOR BENELUX
registered office since 12-09-2008 · founded in 2008 |
turnover €5.5m (2025) 0806.370.601 |
| MELIKOV INVESTISSEMENTS
registered office since 10-09-2015 · founded in 2015 |
total assets €9.6m (2025) 0636.943.570 |
| Powerdot Belgium
registered office since 25-04-2023 · founded in 2023 |
total assets €7.3m (2025) 0801.128.245 |
| KTRI EUROPE
registered office since 12-12-2024 · founded in 2024 |
total assets €4.0m (2025) 1017.326.003 |
| ARK/8
registered office since 12-06-2007 · founded in 2007 · negative equity (2024) · accounts filed late |
0.7 FTE (2024) 0890.015.382 |
| SUCH INVEST
registered office since 11-06-2018 · founded in 2018 |
total assets €1.9m (2025) 0697.813.248 |
| EUROPEAN SERVICES, LOGISTICS & PROCUREMENT
registered office since 05-10-2006 · founded in 2006 |
total assets €1.5m (2024) 0882.933.293 |
| ETS.VH
registered office since 28-02-2008 · founded in 2008 |
total assets €1.3m (2025) 0896.079.466 |
| MASRAF
registered office since 08-07-2022 · founded in 2022 |
total assets €1.3m (2025) 0788.392.541 |
| SMAX IMMO
registered office since 10-07-2017 · founded in 2017 · accounts filed late |
total assets €1.2m (2025) 0678.456.897 |
The connected companies are in the list below.
Deadline for the 2026 accounts: 31-01-2027
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 | FASFC approval |
|---|---|---|---|
| Kolomstraat 1a registered office 1080 Molenbeek-Saint-Jean | |||
| Le Pain Quotidien Woluwedal 70, 1200 Woluwe-Saint-Lambert | 06-05-2021 | 2.317.007.326 | Restaurant |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21674C0095/00M007 | 5.2 ha | 1 · 1.2 ha | 17.1 m · 3 |
| 21522B0623/00L000 | 2,442 m² | 1 · 406 m² | 19.8 m · 2 |
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