B-Leaf
ActiveSummary
B-Leaf has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €370,405 and a net result of €63,351. Equity is growing by ~33.8% per year across the filed fiscal years. Its solvency ranks better than 29% of 31896 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▼-1
Solvency54▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity short (current ratio 0.97 against 1.19 in 2024; short-term debt: 9.6% and cash: 5.3% of total assets), and 71.3% 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
Three 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
28.7%
Return on assets
4.9%
Age of the figures
9 mo
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 31-07-2026, 0 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
on the day
2024
50 d early
2023
11 d early
2022
90 d early
2021
88 d early
2020
81 d early
2019
81 d early
← 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 57 days before 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€370,405▲ 20.6%
2024 · €307,054
Total assets
€1.3m▼ 0.8%
2024 · €1.3m
Net result
€63,351▼ 18.8%
2024 · €78,009
Working capital
-€3,098
2024 · €20,266
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€11,860▼ 60.2%€61,495▲ 418%€91,849▲ 49.4%€112,583▲ 22.6%€97,455▼ 13.4%
Net result€5,901within the sector's middle half▼ 71.0%€56,769within the sector's middle half▲ 862%€69,708above the sector's middle half▲ 22.8%€78,009above the sector's middle half▲ 11.9%€63,351within the sector's middle half▼ 18.8%
Equity€102,569within the sector's middle half▲ 6.1%€159,338within the sector's middle half▲ 55.3%€229,046within the sector's middle half▲ 43.7%€307,054above the sector's middle half▲ 34.1%€370,405above the sector's middle half▲ 20.6%
Total assets€398,968within the sector's middle half▼ 3.9%€961,427above the sector's middle half▲ 141%€998,968above the sector's middle half▲ 3.9%€1.3mabove the sector's middle half▲ 30.5%€1.3mabove the sector's middle half▼ 0.8%
Debt€296,399▼ 6.9%€802,090▲ 171%€769,923▼ 4.0%€996,246▲ 29.4%€922,305▼ 7.4%
Working capital-€2,744€11,686-€7,798€20,266-€3,098
Solvency25.7%within the sector's middle half▲ 2.4pp16.6%below the sector's middle half▼ 9.1pp22.9%below the sector's middle half▲ 6.4pp23.6%below the sector's middle half▲ 0.6pp28.7%within the sector's middle half▲ 5.1pp
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
The operating result falls in 2025; 2025 is 13% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.3m
Fixed assets
€1.2m ▼ 0.2%
Current assets
€120,521 ▼ 6.2%
Equity and liabilities €1.3m
Equity
€370,405 ▲ 20.6%
Debt
€922,305 ▼ 7.4%
Debt's share of the balance-sheet total falls from 76.4% to 71.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€155,136▼
2024 · €156,752
Cash flow
€121,032▼
2024 · €122,179
Current ratio
0.97▼
2024 · 1.19
Debt to equity
2.49▼
2024 · 3.24
ROE
17.1%▼
2024 · 25.4%
ROA
4.9%▼
2024 · 6.0%
Interest coverage
8.80▼
2024 · 9.04
Debt ≤ 1 year
€123,619▲
2024 · €108,190
Debt > 1 year
€798,686▼
2024 · €888,055
Income taxes
€16,508▼
2024 · €17,237
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,365 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.7%
went bankrupt
1.4%
stopped otherwise
97%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 2,365 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €9,397 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,038 | €21,397 | €31,362 | €44,170 | €57,681 | ▲ 30.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€1,710 | - | - |
| Other operating charges640/8 | €1,345 | €1,374 | €1,495 | €2,588 | €4,183 | ▲ 61.7% |
| Gross operating margin9900 | €25,243 | €84,266 | €124,706 | €157,630 | €159,320 | ▲ 1.1% |
| Operating profit (loss)9901 | €11,860 | €61,495 | €91,849 | €112,583 | €97,455 | ▼ 13.4% |
| Financial income75/76B | €0 | €0 | - | €9 | €34 | ▲ 296% |
| Recurring financial income75 | €0 | €0 | - | €9 | €34 | ▲ 296% |
| Financial charges65/66B | €3,446 | €4,534 | €12,534 | €17,346 | €17,630 | ▲ 1.6% |
| Recurring financial charges65 | €3,446 | €4,534 | €12,534 | €17,346 | €17,630 | ▲ 1.6% |
| Profit (loss) for the period before taxes9903 | €8,415 | €56,961 | €79,316 | €95,246 | €79,859 | ▼ 16.2% |
| Income taxes67/77 | €2,514 | €192 | €9,608 | €17,237 | €16,508 | ▼ 4.2% |
| Profit (loss) for the period9904 | €5,901 | €56,769 | €69,708 | €78,009 | €63,351 | ▼ 18.8% |
| Profit (loss) for the period to be appropriated9905 | €5,901 | €56,769 | €69,708 | €78,009 | €63,351 | ▼ 18.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €398,968 | €961,427 | €998,968 | €1.3m | €1.3m | ▼ 0.8% |
| Fixed assets21/28 | €265,007 | €731,390 | €917,596 | €1.2m | €1.2m | ▼ 0.2% |
| Tangible fixed assets22/27 | €265,007 | €731,390 | €917,596 | €1.2m | €1.2m | ▼ 0.2% |
| Land and buildings22 | €262,908 | €730,189 | €917,083 | €1.2m | €1.1m | ▼ 3.2% |
| Furniture and vehicles24 | €2,098 | €1,200 | €513 | €2,091 | €37,109 | ▲ 1,674% |
| Current assets29/58 | €133,961 | €230,038 | €81,372 | €128,456 | €120,521 | ▼ 6.2% |
| Amounts receivable within one year40/41 | €12,735 | €86,248 | €63,884 | €66,857 | €48,565 | ▼ 27.4% |
| Trade receivables40 | €12,735 | - | €23,413 | €19,787 | €45,414 | ▲ 130% |
| Other amounts receivable41 | - | €86,248 | €40,471 | €47,070 | €3,151 | ▼ 93.3% |
| Cash at bank and in hand54/58 | €121,226 | €137,733 | €13,039 | €56,776 | €68,660 | ▲ 20.9% |
| Deferred charges and accrued income490/1 | - | €6,057 | €4,449 | €4,823 | €3,297 | ▼ 31.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €398,968 | €961,427 | €998,968 | €1.3m | €1.3m | ▼ 0.8% |
| Equity10/15 | €102,569 | €159,338 | €229,046 | €307,054 | €370,405 | ▲ 20.6% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €83,969 | €140,738 | €210,446 | €288,454 | €351,805 | ▲ 22.0% |
| Distributable reserves133 | €83,969 | €140,738 | €210,446 | €288,454 | €351,805 | ▲ 22.0% |
| Amounts payable17/49 | €296,399 | €802,090 | €769,923 | €996,246 | €922,305 | ▼ 7.4% |
| Amounts payable after more than one year17 | €159,694 | €583,738 | €680,753 | €888,055 | €798,686 | ▼ 10.1% |
| Financial debts170/4 | €159,694 | €480,938 | €574,683 | €782,451 | €700,048 | ▼ 10.5% |
| Other amounts payable178/9 | - | €102,800 | €106,070 | €105,604 | €98,638 | ▼ 6.6% |
| Amounts payable within one year42/48 | €136,705 | €218,352 | €89,170 | €108,190 | €123,619 | ▲ 14.3% |
| Current portion of amounts payable after more than one year42 | €23,337 | €39,587 | €69,433 | €80,428 | €82,403 | ▲ 2.5% |
| Trade debts44 | €1,317 | €119,243 | €1,681 | €3,135 | €5,507 | ▲ 75.6% |
| Suppliers440/4 | €1,317 | €119,243 | €1,681 | €3,135 | €5,507 | ▲ 75.6% |
| Advances received on contracts in progress46 | - | €1,402 | - | - | - | - |
| Taxes, remuneration and social security45 | €9,348 | €8,107 | €15,487 | €22,358 | €32,739 | ▲ 46.4% |
| Taxes450/3 | €7,098 | €5,857 | €13,237 | €20,108 | €30,489 | ▲ 51.6% |
| Remuneration and social security454/9 | €2,250 | €2,250 | €2,250 | €2,250 | €2,250 | = |
| Other amounts payable47/48 | €102,703 | €50,013 | €2,569 | €2,269 | €2,970 | ▲ 30.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,901 | €56,769 | €69,708 | €78,009 | €63,351 | ▼ 18.8% |
| + Depreciation and write-downs630 | €12,038 | €21,397 | €31,362 | €44,170 | €57,681 | ▲ 30.6% |
| Operating cash flow (approximation) | €17,938 | €78,166 | €101,070 | €122,179 | €121,032 | ▼ 0.9% |
| Investment in fixed assets (approximation) | - | -€487,780 | -€217,568 | -€301,418 | -€55,026 | ▲ 81.7% |
| Change in cash | - | €16,507 | -€124,694 | €43,737 | €11,883 | ▼ 72.8% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
11-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €78,009 ▲11.9%
Operating result €112,583, net result €78,009, both a record.
20-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €200,000Eq €229,046 ▲43.7%
6 profitable years in a row build equity to €229,046.
02-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150,000Eq €159,338 ▲55.3%
5 profitable years in a row build equity to €159,338.
04-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €5,901 ▼71%
Net result drops to €5,901, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €100,000Eq €102,569 ▲6.1%
4 profitable years in a row build equity to €102,569.
11-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
11-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
15-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Evergem · 1 establishment unit since 2018
Ground area
1,054 m²
Building footprint
160 m²
Volume, LiDAR
617 m³
Parcel 43006C0365/00Z000, Flanders · tallest building 6.5 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
B-Leaf BV
since 20182.271.696.547
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43006C0365/00Z000 | Flanders | 1,054 m² | 1 · 159 m² | 6.5 m · 1 fl. |
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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 479 EUR awarded · 353 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 479 EUR | 353 EUR |
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,589. 36,849 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
Founded04-01-2018
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
68203Renting and operating of own or leased non-residential real estate, excluding land
Contact
E-mail
nj.bleaf@gmail.comEvergem
Phone
0032476550003Evergem
E-invoicing
Reachable via Peppol
Peppol ID
0208:0687829671
Also
9925:BE0687829671
Registered
17-06-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.