Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 3 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
Management Consulting Service from Nivelles, company number BE0567911640, closed financial year 2025 with a result of € -282 after tax. For that financial year Management Consulting Service recorded a gross margin of € 13,124 and equity of € 5,286. Compared with financial year 2024, the result moved from € -10,062 to € -282. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on May 22, 2026.
€ 5,286
▼ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -282
▲ 97 % less loss than in 2024
Profit after tax over the fiscal year.
€ 8,834
▲ € 7,600 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -13,314.
Debts at end 2025
€ 90,889
▼ 13% vs 2024
€ 15,210 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 14,466 | € 4,938 | € 3,190 | € 13,124 | ▲ € 9,933 |
| Profit after taxes | € -200 | € -5,370 | € -10,062 | € -282 | ▲ € 9,780 |
| Equity | € 8,600 | € 15,630 | € 5,568 | € 5,286 | ▼ 5% |
| Total debts | € 227,364 | € 328,932 | € 330,695 | € 328,596 | ▼ 1% |
| Cash | € 89,884 | € 3,729 | € 1,234 | € 8,834 | ▲ € 7,600 |
| Land & buildings | € 141,937 | € 340,113 | € 334,454 | € 324,616 | ▼ 3% |
| Retained profit | € 2,400 | € -2,970 | € -13,032 | € -13,314 | ▼ € 282 |
| Dividend | € 79,819 | € 0 | € 0 | € 0 | |
| Bank debt | € 130,751 | € 117,260 | € 104,733 | € 90,889 | ▼ 13% |
| Balance sheet total | € 235,964 | € 344,562 | € 336,263 | € 333,882 | ▼ 1% |
Key figures of Management Consulting Service, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Management Consulting Service?
What happened at Management Consulting Service in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 282. Source: NBB ↗
- Incorporation, published in the Gazette. Source: Staatsblad ↗
- New establishment in Anderlecht. KBO
In short
From € 200 loss in 2022 to € 282 loss in 2025.
Paid out € 79,819 in dividends to the owners in total.
Management
Behind Management Consulting Service are DAVID HAVERALS and ISABELLE WERTZ. ISABELLE WERTZ is also behind WERTZ GROUP and Tara Quintessence.
Directors
According to the 2025 annual accounts
DAVID HAVERALS
Director
Establishments
Establishment units
Physical locations of this company
Rue Joseph Luns 26
1401 Nivelles
Frans van Kalkenlaan 1 box 84
1070 Anderlecht
Active since 18 November 2014
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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.
Shareholders according to the Official Gazette deeds
Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.
Incorporation
Source: Deed ↗- HAVERALS David René Bernard Joseph(oprichter) 99.5%
- HAVERALS Isabelle Rolande Christiane(oprichter) 0.5%
Details
- Company number
- 0567.911.640
- VAT number
- BE 0567.911.640
- Registered office
- Rue Joseph Luns 26, 1401 Nivelles
- Names & denominations
- Management Consulting Service · MCS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 November 2014
- Peppol
- Not registered