Checked.be
Active
BE 0505.924.779Private limited company
Say-So
Vleurgatse Steenweg 303 ·1050 Elsene, Belgium· 11 yrs active
Sector: Business and other management consultancy
(70200)
Conclusion
Say-So has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €223k and a net result of €44k. Equity is growing by ~7.3% per year across the filed fiscal years. Its solvency ranks better than 75% of 30893 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €223k |
| Net result | €44k |
| Better than sector | 75% |
| Active | 11 yrs |
Financial profile
93
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
90
Profitability
99
Solvency
100
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2014, 11 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
90
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€20k
estimate, not credit advice
Score history
93
2022
100
2023
100
2024
90
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 4.18 (≥ 1.5)
+10
Quick ratio
Quick ratio 4.18 (≥ 1.0)
+5
Leverage
Debt/equity 0.27 (< 1.0)
+10
Profitability
ROE 20% (≥ 10%)
+10
Interest coverage
Interest coverage 475.7× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 29-06-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~7.3%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 70, Activities of head offices; management consultancy activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 78.8% | 55.9% | |
| Net result | €44k | €27k | |
| Equity | €223k | €83k | |
| Gross operating margin | €72k | €54k | |
| Total assets | €283k | €186k |
€72k
-8.0%
22-25
€44k
-14.2%
22-25
€56k
-11.8%
22-25
€283k
-8.8%
22-25
€223k
-18.2%
22-25
€190k
-16.7%
22-25
€17k
-12.1%
22-25
€106k
+458.8%
22-25
€60k
+59.3%
22-25
€60k
+59.3%
22-25
4.18
-41.0%
22-25
4.18
-41.0%
22-25
78.8%
-10.3%
22-25
0.27
+94.6%
22-25
19.9%
+4.8%
22-25
15.7%
-5.9%
22-25
475.67
+32.4%
22-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €72k | €78k | €69k | €50k |
| Net profit | €44k | €52k | €47k | €24k |
| Cash flow | €56k | €63k | €54k | €31k |
| Staff costs | - | - | - | - |
| Income taxes | €17k | €20k | €19k | €10k |
| Dividends | €106k | €19k | €19k | - |
| Total assets | €283k | €310k | €267k | €227k |
| Equity | €223k | €272k | €240k | €212k |
| Debt | €60k | €38k | €27k | €16k |
| of which ≤ 1y | €60k | €38k | €27k | €16k |
| of which > 1y | - | - | - | - |
| Working capital | €190k | €228k | €168k | €186k |
| Employees (FTE) | - | - | - | - |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 4.18 | 7.08 | 7.27 | 12.91 |
| Quick ratio | 4.18 | 7.08 | 7.27 | 12.91 |
| Working capital ratio | 67.3% | 73.7% | 63.2% | 81.9% |
| Solvency | 78.8% | 87.9% | 89.9% | 93.1% |
| Debt / equity | 0.27 | 0.14 | 0.11 | 0.07 |
| Long-term debt ratio | - | - | - | - |
| Interest coverage | 475.67 | 359.17 | 533.59 | 5.31 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 15.7% | 16.7% | 17.6% | 10.5% |
| ROE | 19.9% | 19.0% | 19.6% | 11.3% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €283k | €310k | €267k | €227k |
| Fixed assets | 21/28 | €33k | €44k | €71k | €25k |
| Tangible fixed assets | 22/27 | €33k | €44k | €71k | €25k |
| Current assets | 29/58 | €250k | €266k | €195k | €202k |
| Amounts receivable within one year | 40/41 | €30k | €31k | €31k | €28k |
| Investments | 50/53 | €200k | €199k | €115k | €131k |
| Cash & bank | 54/58 | €21k | €35k | €48k | €43k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €283k | €310k | €267k | €227k |
| Equity | 10/15 | €223k | €272k | €240k | €212k |
| Contributions / capital | 10/11 | €19k | €6k | €6k | €6k |
| Reserves | 13 | €204k | €193k | €160k | €134k |
| Accumulated profits (losses) | 14 | - | €73k | €73k | €71k |
| Amounts payable | 17/49 | €60k | €38k | €27k | €16k |
| Amounts payable within one year | 42/48 | €60k | €38k | €27k | €16k |
| Trade debts payable within one year | 44 | €2k | €2k | €4k | €2k |
| Income statement | |||||
| Gross operating margin | 9900 | €72k | €78k | €69k | €50k |
| Operating result | 9901 | €60k | €67k | €61k | €43k |
| Financial income | 75 | €1k | €5k | €5k | €737 |
| Financial charges | 65 | €151 | €217 | €129 | €9k |
| Result before taxes | 9903 | €62k | €71k | €66k | €34k |
| Income taxes | 67/77 | €17k | €20k | €19k | €10k |
| Net result for the period | 9904 | €44k | €52k | €47k | €24k |
| Result to be appropriated | 9905 | €44k | €52k | €47k | €24k |
Legal Structure
| NACE primary | Business and other management consultancy(70200) |
| Legal form | Private limited company(610) |
| Incorporation | 02-12-2014 |
| Status | Active |
| Postal code | 1050 |
Establishment units
Say-So
since 20142.239.999.521
Real-estate footprint
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21012A0181/00F010 | Brussels | 2,754 m² | 1 · 167 m² | 20.4 m · 6 fl. |
| 21447B0275/00X002 | Brussels | 67 m² | 1 · 59 m² | 16.4 m · 5 fl. |
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2022net €52k ▲10.1%
Operating result €67k, net result €52k, both a record.
21-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
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.
Credit advice
Company registry (CBE)
Activities
Business and other management consultancy70200Business consulting70220Activities of head offices; management consultancy activities70210Other technical testing and analysis71209Public relations and communication consultancy73300
Names & trade names
| Legal nameNL | Say-So |
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