BELGIAN LEVERAGE
ActiveSummary
BELGIAN LEVERAGE has been active since 2000 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€539,909) and a net result of €9,683. Equity is growing by about 4.2% per year across the filed financial years. The computed 12-month bankruptcy probability is 0.5% (very low).
Overview
- Equity
- -€539,909
- Profit
- €9,683
- Parent
- SUSTAINABLE ANCHORAGE · 99.99%
- Olivier LegrainDirector
- Pierre MOTTETDirector
Why 55raises riskCapped at 59: negative equityLiquidity: current ratio 12.29, cash €2,564Negative equity -€539,909lowers riskSize: total assets €2.7mLegal form: public limited companyShow the evidence
Checked score
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, small): better than 3% on solvency, 47% on liquidity, 40% on profitability and 57% on growth.
The bankruptcy probability was computed on 29-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 7 accounts on average 35 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · full…
- Liquidity more than doubledcurrent ratio 12.29
- Resignation: Olivier Ralet (director)Appointment: Olivier Legrain (director) ·…
Financials · financial year 2025, full format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €5,481 in 2025 against €2,977 in 2024; the loss grows.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
Peer companies
Historical observationOf the 519 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 91.7% are still going.
- Small
- 20 years or older
- negative equity
- a profit under 5% of the balance sheet
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.5% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 519 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €868 | €868 | €1,011 | €968 | €998 | ▲ 3.2% |
| Gross operating margin9900 | - | - | -€2,605 | -€1,765 | -€2,405 | -€4,609 | -€2,010 | -€4,482 | ▼ 123% |
| Operating profit (loss)9901 | -€3,118 | -€3,091 | -€3,473 | -€2,633 | -€3,273 | -€5,620 | -€2,977 | -€5,481 | ▼ 84.1% |
| Financial income75/76B | - | - | - | €91,617 | €82,337 | €73,233 | €63,532 | €63,582 | ▲ 0.1% |
| Recurring financial income75 | €91,771 | €93,360 | €111,252 | €91,617 | €82,337 | €73,233 | €63,532 | €63,582 | ▲ 0.1% |
| Financial charges65/66B | - | - | - | €49,083 | €44,141 | €71,024 | €54,826 | €48,419 | ▼ 11.7% |
| Recurring financial charges65 | €51,347 | €51,252 | €87,963 | €49,083 | €44,141 | €71,024 | €54,826 | €48,419 | ▼ 11.7% |
| Debt charges650 | €51,058 | €50,994 | - | - | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €37,305 | €39,016 | €41,008 | €39,901 | €34,923 | -€3,411 | €5,729 | €9,683 | ▲ 69.0% |
| Profit (loss) for the period9904 | €37,305 | €39,016 | €41,008 | €39,901 | €34,923 | -€3,411 | €5,729 | €9,683 | ▲ 69.0% |
| Profit (loss) for the period to be appropriated9905 | €37,305 | €39,016 | €41,008 | €39,901 | €34,923 | -€3,411 | €5,729 | €9,683 | ▲ 69.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.9m | €1.9m | €2.0m | €1.7m | €1.6m | €1.4m | €1.2m | €2.7m | ▲ 128% |
| Current assets29/58 | €1.9m | €1.9m | €2.0m | €1.7m | €1.6m | €1.4m | €1.2m | €2.7m | ▲ 128% |
| Amounts receivable within one year40/41 | €1.9m | €1.9m | €1.9m | €1.7m | €1.6m | €1.4m | €1.2m | €2.7m | ▲ 129% |
| Other amounts receivable41 | - | - | - | €1.7m | €1.6m | €1.4m | €1.2m | €2.7m | ▲ 129% |
| Cash at bank and in hand54/58 | €0.008m | €0.002m | €0.002m | €0.002m | €0.002m | €0.001m | €0.005m | €0.003m | ▼ 48.6% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.9m | €1.9m | €2.0m | €1.7m | €1.6m | €1.4m | €1.2m | €2.7m | ▲ 128% |
| Equity10/15 | -€0.7m | -€0.7m | -€0.6m | -€0.6m | -€0.6m | -€0.6m | -€0.5m | -€0.5m | ▲ 1.8% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Profit (loss) carried forward14 | -€0.8m | -€0.7m | -€0.7m | -€0.7m | -€0.6m | -€0.6m | -€0.6m | -€0.6m | ▲ 1.6% |
| Amounts payable17/49 | €2.6m | €2.6m | €2.6m | €2.3m | €2.1m | €1.9m | €1.7m | €3.2m | ▲ 86.8% |
| Amounts payable after more than one year17 | €2.6m | €2.6m | €2.6m | €2.3m | €2.1m | €1.7m | €1.5m | €3.0m | ▲ 99.1% |
| Financial debts170/4 | - | - | - | €2.3m | €2.1m | €1.7m | €1.5m | €3.0m | ▲ 99.1% |
| Amounts payable within one year42/48 | €0.001m | €0.001m | €0.002m | €0.001m | €0.001m | €0.2m | €0.2m | €0.2m | ▲ 8.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | €0.2m | €0.2m | €0.2m | ▲ 6.7% |
| Trade debts44 | €0.001m | €0.001m | €0.002m | €0.001m | €0.001m | €0.001m | €0.002m | €0.005m | ▲ 151% |
| Suppliers440/4 | - | - | - | €0.001m | €0.001m | €0.001m | €0.002m | €0.005m | ▲ 151% |
| Accrued charges and deferred income492/3 | - | - | - | €0.02m | €0.02m | €0.03m | €0.03m | €0.02m | ▼ 12.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €37,305 | €39,016 | €41,008 | €39,901 | €34,923 | -€3,411 | €5,729 | €9,683 | ▲ 69.0% |
| Operating cash flow (approximation) | €37,305 | €39,016 | €41,008 | €39,901 | €34,923 | -€3,411 | €5,729 | €9,683 | ▲ 69.0% |
| Change in cash | - | -€6,183 | €385 | -€609 | -€157 | -€598 | €3,944 | -€2,427 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 25 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 10-07-2026 | 2026-00287957 |
| 31-12-2024 | full format | 23-06-2025 | 2025-00183913 |
| 31-12-2023 | full format | 26-05-2024 | 2024-00100138 |
| 31-12-2022 | full format | 16-06-2023 | 2023-00155176 |
| 31-12-2021 | full format | 03-06-2022 | 2022-20047185 |
| 31-12-2020 | full format | 22-06-2021 | 2021-23100190 |
| 31-12-2019 | full format | 25-08-2020 | 2020-45800516 |
| 31-12-2018 | full format | 24-05-2019 | 2019-14600020 |
| 31-12-2017 | full format | 24-05-2018 | 2018-13600381 |
| 31-12-2016 | full format | 26-05-2017 | 2017-14100433 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Statutory auditor 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- Day-to-day management
- Statutory auditor
- began earlier
| Name | Functions and periods |
|---|---|
| Pierre MOTTET |
|
| Olivier Legrain |
|
| BE AUDIT |
|
| Olivier Ralet |
|
Owners and capital
Owners
1 ownerChain of control
- SUSTAINABLE ANCHORAGE
- BELGIAN LEVERAGE
Highest known parent: SUSTAINABLE ANCHORAGE. The sources do not say who stands above it.
Owners 1
-
99.99%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Group and network
Connections & network
10 connected companiesShow 6 more companies with a shared director
History
Acts, filings and financial milestones
30-12
Gazette deed
Resignation: Olivier Ralet (director)Appointment: Olivier Legrain (director) · Reappointment: Be Audit (statutory auditor) · Power of attorney6 facts ▸
- General meeting, 19-06-2025
- Director resignation, Olivier Ralet (director)
- Director appointment, Olivier Legrain (director)
- Power of attorney
- Other provision, “administrateurs pour les mandats exercés durant l'exercice écoulé”, director discharge (deed in French)
- Auditor reappointment, Be Audit
28-12
Gazette deed
Reappointments: Pierre Mottet (director) and Olivier Ralet (director)4 facts ▸
- General meeting, 19-12-2023
- Director reappointment, Pierre Mottet (director)
- Director reappointment, Olivier Ralet (director)
- Other provision, “absence d’interdiction de gérer, aucune condamnation prononcée” (deed in French) (2 times)
Show earlier events
About the unread acts
Of the 11 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 9 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Legal Entity Identifier
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 25386B0152/00N000 | Wallonia | 4.0 ha | 1 · 1.2 ha | 34.9 m · 2 |
How the parcels are linked
Articles of association
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- One provision in the deed
- Board ruleHow the board is made up, meets and takes decisions.
- “Mandat des administrateurs, sans limitation de durée” (deed in French)
Read from the deeds: 2 provisions, deed of 28-12-2023