Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2022 and 2023.
-
Annual account missing NBB
Fiscal year 2024 was expected before 31 July 2025 and has not been filed.
Financials
Financial year 2023
EUROPEAN AFFAIRS CONSULTING GROUP from Brussel, company number BE0480277385, closed financial year 2023 with a result of € -10,994 after tax. For that financial year EUROPEAN AFFAIRS CONSULTING GROUP recorded a gross margin of € 146,767 and equity of € 234,724. Compared with financial year 2022, the result moved from € -6,946 to € -10,994. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on December 30, 2024.
€ 234,724
▼ 4% vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -10,994
▼ 58 % more loss than in 2022
Profit after tax over the fiscal year.
€ 97,036
▼ 46% vs 2022
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 216,124.
People and assets in 2023
3
▼ 2 vs 2022
Average over the fiscal year, from the social balance sheet.
€ 104,428
▼ 36% vs 2022
€ 34,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 12,315
▲ 15% vs 2022
Book value of vehicles, furniture and equipment.
Debts at end 2023
€ 362,266
▼ 8% vs 2022
€ 30,590 is repaid this year. At this pace the long-term loan is gone in ≈ 12 years.
€ 103,578
▼ 37% vs 2022
Supplier invoices still open on the last day of the fiscal year.
€ 2,980
▼ 78% vs 2022
Taxes, VAT and social contributions still to pay.
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| 2020 | 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|---|
| Gross margin | € 417,169 | € 286,954 | € 206,882 | € 146,767 | ▼ 29% |
| Profit after taxes | € 199,692 | € 3,059 | € -6,946 | € -10,994 | ▼ € 4,048 |
| Equity | € 249,605 | € 252,664 | € 245,718 | € 234,724 | ▼ 4% |
| Total debts | € 783,241 | € 667,939 | € 592,737 | € 478,644 | ▼ 19% |
| Cash | € 75,893 | € 266,899 | € 178,072 | € 97,036 | ▼ 46% |
| Retained profit | € 231,005 | € 234,064 | € 227,118 | € 216,124 | ▼ 5% |
| Bank debt | € 451,208 | € 420,386 | € 391,825 | € 362,266 | ▼ 8% |
| Balance sheet total | € 1,032,846 | € 920,603 | € 838,455 | € 713,368 | ▼ 15% |
| Employees (FTE) | - | 5 | 5 | 3 | ▼ 2 |
Key figures of EUROPEAN AFFAIRS CONSULTING GROUP, fiscal years 2020 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to EUROPEAN AFFAIRS CONSULTING GROUP?
What happened at EUROPEAN AFFAIRS CONSULTING GROUP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2023: loss of € 10,994. filed late Source: NBB ↗
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
- Soren Haar became a director. NBB
In short
From € 199,692 profit in 2020 to € 10,994 loss in 2023.
Paid € 8,930 in corporate taxes since 2020.
Best year ever: 2020, with € 199,692 profit.
On average € 48,900 of value added per employee in 2023.
A new publication or filing at EUROPEAN AFFAIRS CONSULTING GROUP? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind EUROPEAN AFFAIRS CONSULTING GROUP is Soren Haar.
Directors
According to the 2023 annual accounts
Soren Haar
Director
since 2003
Establishments
Establishment units
Physical locations of this company
Kunstlaan 39
1040 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0480.277.385
- VAT number
- BE 0480.277.385
- Registered office
- Kunstlaan 39, 1040 Brussel
- Names & denominations
- EUROPEAN AFFAIRS CONSULTING GROUP
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 23 May 2003
- Peppol
- Active · Active since 12 Dec 2025
- Activities · NACE
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