Bart Lieben
ActiveSummary
Bart Lieben has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €76k and a net result of €7k. Equity is shrinking by ~6.4% per year across the filed fiscal years. Its solvency ranks better than 16% of 3307 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability49▼-2
Solvency32▼-10
Growth58=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity tight (current ratio 1.2 against 1.44 in 2024; short-term debt: 67.5% and cash: 0.6% of total assets), and 92.7% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
7.3%
Return on assets
0.7%
Age of the figures
13 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 3307 sector peers (2025).
NBB · sector comparisonPosition among 3307 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-08-2025 was due by 31-03-2026 and was filed on 30-04-2026, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
30 d late
2024
30 d late
2023
30 d late
2022
21 d late
2021
22 d late
2020
30 d late
2019
30 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-08-2026 and is due by 31-03-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-08-2026 close25-09-2026 today31-03-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€76k▼ 48.6%
2024 · €147k
Total assets
€1.04M▲ 22.3%
2024 · €851k
Net result
€7k▼ 46.1%
2024 · €13k
Working capital
€140k▼ 15.5%
2024 · €166k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€55k€64k▲ 16.5%€54k▼ 15.8%€39k▼ 28.1%€34k▼ 12.8%
Net result€41k€35k▼ 12.9%€25k▼ 30.4%€13k▼ 46.8%€7k▼ 46.1%
Equity€191k▲ 12.5%€226k▲ 18.5%€251k▲ 10.9%€147k▼ 41.4%€76k▼ 48.6%
Total assets€632k▼ 3.2%€733k▲ 15.9%€724k▼ 1.2%€851k▲ 17.6%€1.04M▲ 22.3%
Debt€441k▼ 12.2%€506k▲ 14.8%€473k▼ 6.6%€704k▲ 48.8%€965k▲ 37.1%
Working capital€318k▲ 5.7%€347k▲ 9.1%€302k▼ 12.8%€166k▼ 45.1%€140k▼ 15.5%
Staff (FTE)
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 13% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.04M
Fixed assets
€198k ▼ 35.0%
Current assets
€843k ▲ 54.2%
Equity and liabilities €1.04M
Equity
€76k ▼ 48.6%
Debt
€965k ▲ 37.1%
Debt's share of the balance-sheet total rises from 82.7% to 92.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€65k▼
2024 · €73k
Cash flow
€39k▼
2024 · €47k
Current ratio
1.20▼
2024 · 1.44
Debt to equity
12.77▲
2024 · 4.79
ROE
9.3%▲
2024 · 8.9%
ROA
0.7%▼
2024 · 1.5%
Interest coverage
3.57▼
2024 · 3.62
Debt ≤ 1 year
€703k▲
2024 · €381k
Debt > 1 year
€248k▼
2024 · €308k
Income taxes
€9k▲
2024 · €7k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €16k | €11k | €0 | - | - |
| Remuneration, social security and pensions62 | - | €824 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23k | €17k | €23k | €34k | €32k | ▼ 7.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €42k | €0 | - | €6k | - |
| Other operating charges640/8 | €4k | €3k | €1k | €754 | €435 | ▼ 42.3% |
| Non-recurring operating charges66A | €5k | €0 | €3k | €1k | - | - |
| Gross operating margin9900 | €86k | €127k | €82k | €75k | €72k | ▼ 4.0% |
| Operating profit (loss)9901 | €55k | €64k | €54k | €39k | €34k | ▼ 12.8% |
| Financial income75/76B | €11k | €6k | €8k | €1k | €297 | ▼ 79.0% |
| Recurring financial income75 | €11k | €6k | €8k | €1k | €297 | ▼ 79.0% |
| Financial charges65/66B | €15k | €10k | €24k | €20k | €18k | ▼ 9.1% |
| Recurring financial charges65 | €15k | €10k | €24k | €20k | €18k | ▼ 9.1% |
| Profit (loss) for the period before taxes9903 | €50k | €59k | €38k | €20k | €16k | ▼ 21.1% |
| Income taxes67/77 | €10k | €24k | €13k | €7k | €9k | ▲ 26.0% |
| Profit (loss) for the period9904 | €41k | €35k | €25k | €13k | €7k | ▼ 46.1% |
| Profit (loss) for the period to be appropriated9905 | €41k | €35k | €25k | €13k | €7k | ▼ 46.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €632k | €733k | €724k | €851k | €1.04M | ▲ 22.3% |
| Fixed assets21/28 | €169k | €175k | €256k | €304k | €198k | ▼ 35.0% |
| Intangible fixed assets21 | €2k | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €167k | €175k | €256k | €226k | €198k | ▼ 12.5% |
| Land and buildings22 | €148k | €142k | €130k | €122k | €116k | ▼ 4.3% |
| Plant, machinery and equipment23 | - | €2k | €2k | €1k | €277 | ▼ 81.3% |
| Furniture and vehicles24 | €19k | €31k | €123k | €103k | €81k | ▼ 21.2% |
| Financial fixed assets28 | - | - | - | €79k | €0 | ▼ 100% |
| Current assets29/58 | €463k | €557k | €468k | €547k | €843k | ▲ 54.2% |
| Amounts receivable after more than one year29 | €45k | €45k | €45k | €0 | - | - |
| Other amounts receivable291 | €45k | €45k | €45k | €0 | - | - |
| Amounts receivable within one year40/41 | €274k | €329k | €334k | €507k | €821k | ▲ 61.9% |
| Trade receivables40 | €96k | €102k | €99k | €503k | €767k | ▲ 52.5% |
| Other amounts receivable41 | €178k | €227k | €234k | €5k | €54k | ▲ 1,104% |
| Current investments50/53 | €75k | €75k | €75k | €0 | €16k | - |
| Cash at bank and in hand54/58 | €68k | €105k | €12k | €38k | €6k | ▼ 84.7% |
| Deferred charges and accrued income490/1 | €923 | €3k | €2k | €2k | €613 | ▼ 68.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €632k | €733k | €724k | €851k | €1.04M | ▲ 22.3% |
| Equity10/15 | €191k | €226k | €251k | €147k | €76k | ▼ 48.6% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €0 | ▼ 100% |
| Reserves13 | €192k | €227k | €252k | €148k | €95k | ▼ 35.8% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €0 | ▼ 100% |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €0 | ▼ 100% |
| Tax-exempt reserves132 | €155 | €155 | €155 | €155 | €155 | = |
| Distributable reserves133 | €190k | €225k | €250k | €146k | €95k | ▼ 35.0% |
| Profit (loss) carried forward14 | €-19k | €-19k | €-19k | €-19k | €-19k | = |
| Amounts payable17/49 | €441k | €506k | €473k | €704k | €965k | ▲ 37.1% |
| Amounts payable after more than one year17 | €289k | €261k | €280k | €308k | €248k | ▼ 19.5% |
| Financial debts170/4 | €289k | €261k | €280k | €308k | €248k | ▼ 19.5% |
| Amounts payable within one year42/48 | €145k | €211k | €166k | €381k | €703k | ▲ 84.6% |
| Current portion of amounts payable after more than one year42 | €32k | €35k | €48k | €60k | €60k | ▼ 0.5% |
| Financial debts43 | €3k | €0 | - | - | €45k | - |
| Credit institutions430/8 | €3k | €0 | - | - | €45k | - |
| Trade debts44 | €78k | €112k | €73k | €41k | €89k | ▲ 117% |
| Suppliers440/4 | €78k | €112k | €73k | €41k | €89k | ▲ 117% |
| Taxes, remuneration and social security45 | €32k | €62k | €44k | €21k | €32k | ▲ 53.0% |
| Taxes450/3 | €32k | €62k | €44k | €21k | €32k | ▲ 53.0% |
| Other amounts payable47/48 | - | €1k | €0 | €259k | €477k | ▲ 84.4% |
| Accrued charges and deferred income492/3 | €7k | €34k | €27k | €15k | €14k | ▼ 5.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €41k | €35k | €25k | €13k | €7k | ▼ 46.1% |
| + Depreciation and write-downs630 | €23k | €17k | €23k | €34k | €32k | ▼ 7.4% |
| Operating cash flow (approximation) | €63k | €52k | €48k | €47k | €39k | ▼ 18.1% |
| Investment in fixed assets (approximation) | - | €-23k | €-104k | €-82k | €75k | ▲ 191% |
| Change in cash | - | €37k | €-93k | €26k | €-32k | ▼ 225% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 30 days late
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
21-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
2022
31-08
Financial
Equity above €200kEq €226k ▲18.5%
2 profitable years in a row build equity to €226k.
22-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 22 days late
2021
31-08
Financial
Back to profitnet €41k
Net result €41k after 2 loss-making years.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 30 days late
2019
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
28-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Antwerpen · 1 establishment unit since 2010
Ground area
239 m²
Building footprint
137 m²
Volume, LiDAR
1,389 m³
Parcel 11806F1348/00L007, Flanders · tallest building 17.6 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Bart Lieben
since 20102.196.754.050
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11806F1348/00L007 | Flanders | 239 m² | 1 · 137 m² | 17.6 m · 2 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
2024 · 1 entry · 7,500 EUR awarded · 7,500 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 7,500 EUR | 7,500 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 22,069 companies in sector 69101 we hold annual accounts for 9,052. 7,510 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
Founded14-10-2010
Fiscal year end31-08
Activities, NACEBEL 2025
69101Activities of lawyers
Scores and ratios are computed by Checked and are not a credit decision.