14
ActiveSummary
14 has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €48,015 and a net result of €26,605. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 61% of 32023 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency92▲+37
Growth52▲+20
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity ample (current ratio 2.92 against 1.37 in 2024; short-term debt: 33.2% and cash: 30.9% of total assets), and 33.2% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four 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
66.8%
Return on assets
37%
Age of the figures
9 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
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
1 d early
2023
62 d late
2022
28 d late
2021
31 d late
2020
396 d late
2019
761 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 182 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 (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. Usually files around 28 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€48,015▲ 87.1%
2024 · €25,668
Total assets
€71,882▼ 16.4%
2024 · €85,980
Net result
€26,605▲ 19.4%
2024 · €22,274
Working capital
€45,908▲ 107%
2024 · €22,173
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€5,416▼ 90.5%€14,344▲ 165%-€1,321€37,565€39,913▲ 6.3%
Net result-€231below the sector's middle half€2,810within the sector's middle half-€13,161below the sector's middle half€22,274within the sector's middle half€26,605within the sector's middle half▲ 19.4%
Equity€82,545within the sector's middle half▼ 0.3%€85,355within the sector's middle half▲ 3.4%€72,194within the sector's middle half▼ 15.4%€25,668below the sector's middle half▼ 64.4%€48,015within the sector's middle half▲ 87.1%
Total assets€209,216within the sector's middle half▼ 11.4%€137,393within the sector's middle half▼ 34.3%€91,145within the sector's middle half▼ 33.7%€85,980within the sector's middle half▼ 5.7%€71,882below the sector's middle half▼ 16.4%
Debt€126,671▼ 17.5%€52,038▼ 58.9%€18,951▼ 63.6%€60,312▲ 218%€23,867▼ 60.4%
Working capital€82,561within the sector's middle half▲ 7.4%€88,237within the sector's middle half▲ 6.9%€69,085within the sector's middle half▼ 21.7%€22,173within the sector's middle half▼ 67.9%€45,908within the sector's middle half▲ 107%
Solvency39.5%within the sector's middle half▲ 4.4pp62.1%within the sector's middle half▲ 22.7pp79.2%above the sector's middle half▲ 17.1pp29.9%within the sector's middle half▼ 49.4pp66.8%within the sector's middle half▲ 36.9pp
Current ratio1.69within the sector's middle half▲ 0.192.99within the sector's middle half▲ 1.304.65above the sector's middle half▲ 1.651.37within the sector's middle half▼ 3.282.92within the sector's middle half▲ 1.56
Return on assets (ROA)-0.1%below the sector's middle half▼ 18.6pp2.0%within the sector's middle half▲ 2.2pp-14.4%below the sector's middle half▼ 16.5pp25.9%within the sector's middle half▲ 40.3pp37.0%above the sector's middle half▲ 11.1pp
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 2023 the operating result has climbed two years in a row; 2025 is 6% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €71,882
Fixed assets
€2,107 ▼ 39.7%
Current assets
€69,775 ▼ 15.4%
Equity and liabilities €71,882
Equity
€48,015 ▲ 87.1%
Debt
€23,867 ▼ 60.4%
Debt's share of the balance-sheet total falls from 70.1% to 33.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€41,301▲
2024 · €39,345
Cash flow
€27,993▲
2024 · €24,055
Debt to equity
0.50▼
2024 · 2.35
ROE
55.4%▼
2024 · 86.8%
Interest coverage
17.76▼
2024 · 59.82
Debt ≤ 1 year
€23,867▼
2024 · €60,312
Income taxes
€11,307▼
2024 · €16,141
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,340 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 34,696 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,360 | €1,797 | €1,755 | €1,781 | €1,387 | ▼ 22.1% |
| Other operating charges640/8 | €1,683 | €3,951 | €1,074 | €3,140 | €2,199 | ▼ 29.9% |
| Gross operating margin9900 | €8,459 | €20,093 | €1,507 | €42,485 | €43,500 | ▲ 2.4% |
| Operating profit (loss)9901 | €5,416 | €14,344 | -€1,321 | €37,565 | €39,913 | ▲ 6.3% |
| Financial income75/76B | €1,416 | €1,562 | €1,444 | €1,508 | €325 | ▼ 78.5% |
| Recurring financial income75 | €1,416 | €1,562 | €1,444 | €1,508 | €325 | ▼ 78.5% |
| Financial charges65/66B | €296 | €481 | €6,763 | €658 | €2,326 | ▲ 254% |
| Recurring financial charges65 | €296 | €481 | €6,763 | €658 | €2,326 | ▲ 254% |
| Profit (loss) for the period before taxes9903 | €6,535 | €15,425 | -€6,641 | €38,415 | €37,912 | ▼ 1.3% |
| Income taxes67/77 | €6,766 | €12,615 | €6,521 | €16,141 | €11,307 | ▼ 29.9% |
| Profit (loss) for the period9904 | -€231 | €2,810 | -€13,161 | €22,274 | €26,605 | ▲ 19.4% |
| Profit (loss) for the period to be appropriated9905 | -€231 | €2,810 | -€13,161 | €22,274 | €26,605 | ▲ 19.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €209,216 | €137,393 | €91,145 | €85,980 | €71,882 | ▼ 16.4% |
| Fixed assets21/28 | €6,547 | €4,863 | €3,109 | €3,495 | €2,107 | ▼ 39.7% |
| Tangible fixed assets22/27 | €5,797 | €4,113 | €2,359 | €2,745 | €1,357 | ▼ 50.6% |
| Plant, machinery and equipment23 | €1,221 | €765 | €352 | €0 | - | - |
| Furniture and vehicles24 | €4,577 | €3,349 | €2,007 | €2,745 | €1,357 | ▼ 50.6% |
| Financial fixed assets28 | €750 | €750 | €750 | €750 | €750 | = |
| Current assets29/58 | €202,668 | €132,530 | €88,036 | €82,486 | €69,775 | ▼ 15.4% |
| Amounts receivable after more than one year29 | €50,000 | €50,000 | €50,000 | €0 | - | - |
| Trade receivables290 | €50,000 | €50,000 | €50,000 | €0 | - | - |
| Amounts receivable within one year40/41 | €147,470 | €24,951 | €9,954 | €31,236 | €47,132 | ▲ 50.9% |
| Trade receivables40 | €53,180 | €24,891 | €9,150 | €30,418 | €26,606 | ▼ 12.5% |
| Other amounts receivable41 | €94,290 | €60 | €804 | €818 | €20,527 | ▲ 2,408% |
| Current investments50/53 | €4,150 | €4,150 | €0 | - | - | - |
| Cash at bank and in hand54/58 | - | €51,802 | €26,076 | €49,575 | €22,242 | ▼ 55.1% |
| Deferred charges and accrued income490/1 | €1,048 | €1,627 | €2,007 | €1,674 | €400 | ▼ 76.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €209,216 | €137,393 | €91,145 | €85,980 | €71,882 | ▼ 16.4% |
| Equity10/15 | €82,545 | €85,355 | €72,194 | €25,668 | €48,015 | ▲ 87.1% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €18,600 | €18,600 | = |
| Outside capital11 | - | €12,400 | - | - | - | - |
| Other1109/19 | - | €12,400 | - | - | - | - |
| Reserves13 | - | €2,810 | €2,810 | €7,068 | €29,415 | ▲ 316% |
| Distributable reserves133 | - | €2,810 | €2,810 | €7,068 | €29,415 | ▲ 316% |
| Profit (loss) carried forward14 | €70,145 | €70,145 | €56,984 | €0 | €0 | - |
| Amounts payable17/49 | €126,671 | €52,038 | €18,951 | €60,312 | €23,867 | ▼ 60.4% |
| Amounts payable within one year42/48 | €120,108 | €44,293 | €18,951 | €60,312 | €23,867 | ▼ 60.4% |
| Financial debts43 | €8,344 | €1,497 | €0 | €1,670 | €10,339 | ▲ 519% |
| Credit institutions430/8 | €8,344 | €1,497 | €0 | €1,670 | €10,339 | ▲ 519% |
| Trade debts44 | €7,247 | €2,463 | €4,548 | €5,336 | €499 | ▼ 90.7% |
| Suppliers440/4 | €7,247 | €2,463 | €4,548 | €5,336 | €499 | ▼ 90.7% |
| Taxes, remuneration and social security45 | €104,516 | €25,952 | €8,207 | €36,329 | €13,029 | ▼ 64.1% |
| Taxes450/3 | €101,673 | €22,952 | €8,207 | €36,329 | €13,029 | ▼ 64.1% |
| Remuneration and social security454/9 | €2,843 | €3,000 | €0 | - | - | - |
| Other amounts payable47/48 | - | €14,381 | €6,196 | €16,978 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €6,563 | €7,745 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€231 | €2,810 | -€13,161 | €22,274 | €26,605 | ▲ 19.4% |
| + Depreciation and write-downs630 | €1,360 | €1,797 | €1,755 | €1,781 | €1,387 | ▼ 22.1% |
| Operating cash flow (approximation) | €1,129 | €4,608 | -€11,407 | €24,055 | €27,993 | ▲ 16.4% |
| Investment in fixed assets (approximation) | - | -€113 | €0 | -€2,166 | €0 | ▲ 100% |
| Change in cash | - | - | -€25,726 | €23,500 | -€27,333 | ▼ 216% |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity doublescurrent ratio 2.92
Current ratio from 1.37 to 2.92; short-term debt falls from €60,312 to €23,867.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €22,274
Net result €22,274 after one loss-making year.
01-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 62 days late
2023
31-12
Financial
Weakest financial yearnet -€13,161
Net result drops to -€13,161, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-12
Financial
Back to profitnet €2,810
Net result €2,810 after one loss-making year.
15-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 1203 days late
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 396 days late
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 761 days late
Show earlier events
2020
31-12
Financial
Back to profitnet €43,690
Net result €43,690 after one loss-making year.
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
20-12
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 142 days late
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, Leuven · 1 establishment unit since 2014
Ground area
2,588 m²
Parcel 24514B0181/00Z000, Flanders. Linked by address, not a title deed.
1 establishment unit
14
since 20142.230.452.741
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24514B0181/00Z000 | Flanders | 2,588 m² | - | - |
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 82,641 companies in sector 70200 we hold annual accounts for 52,636. 37,985 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
Founded13-03-2014
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Contact
Phone
016899615Leuven
E-invoicing
Reachable via Peppol
Peppol ID
0208:0547995065
Also
9925:BE0547995065
Registered
07-01-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.