Losses
-€88,150 in eight years
Every financial year from 2018 to 2025 closed with a loss. 2025 was the heaviest.
A&L
Lifetime
11 annual accounts with figures on one time axispeak €176,724 (2024)
€153,936▼ 12.9%
lowest -€22,702 (2025)
-€22,702▼ €20,598
peak €280,015 (2017)
€191,865▼ 10.6%
€1.0m▼ 9.9%
Board6 names since 2014
3 directorsMUSSCHE Christine and 2 others
Owners
Documentsfilings and deeds
10-07-202621 days before the deadline
2025abbreviated format
Gross margin from €176,724 to €153,936Loss of €22,702Cash from €3,987 to €9,988
Key points
from the 2025 annual accountsTurnover
≈ €270,000 estimated
The abbreviated format states no turnover.
Debts
€1.0m 84% of the balance sheet
Financial debts 85%Suppliers 0%Taxes and wages 0%Other 15%
€724,166 of the debts are secured on the company's own assets. In 2023 that was €964,166.
Filings
11 annual accounts since 2015
The last five annual accounts were filed 0 to 24 days before the end of the period.
At the same address
8 companies
Position in the sector
-€22,702
Lower net result than 95% of companies in legal and accounting. Sector median €94,952 · 4,130 companies.
Checked score
90
Excellent
Financially stronger than 22% of micro companies in legal and accounting (NACE 69)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: < 0.1% across 20,104 companies (NACE 69, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.2%▲ +0.1 percentage points vs 06-2025
08-2025: 0.3%▲ +0.1 percentage points vs 07-2025highest value
09-2025: 0.1%▼ -0.2 percentage points vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.2%▲ +0.1 percentage points vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.1%▼ -0.1 percentage points vs 07-2026lowest value
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 0.53, cash €9,988
lowers risk
Size: total assets €1.2m
Sector: Legal and accounting activities (NACE 69)
Figures for financial year 2025 (filed on 10-07-2026)
Calculation
The band follows from the bankruptcy probability. 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 (NACE 69, micro). It does better than 20% of them on solvency, 32% on liquidity, 12% on profitability and 24% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,423 companies had the same profile as A&L has now. Each dot stands for 4 companies, two years later.
96.5%
were still trading
2.2%
stopped another way
1.0%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of A&L itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,423 companies, not a prediction for A&L. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €17,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.53 (0.48 in 2024), below 1. Short-term debt is 10.1% and cash 0.8% of total assets. 84% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€22,702
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 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 days early
2024
on the day
2023
6 days early
2022
24 days early
2021
23 days early
2020
22 days early
2019
21 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 17 days before the deadline. In the sector (NACE 69), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 10 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0544894431
1 director appointed, 2 managers resigning, 2 reappointments
Resignations: VAN STEENBRUGGE Walter (manager) and MUSSCHE Christine (manager) · Reappointments: VAN STEENBRUGGE Walter (director) and MUSSCHE Christine (director) · Appointment: HEYMANS Johan (director) · General meeting of 04-12-2023 · Gazette deed
Incorporation
published on 10-02-2014 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| A&L Ghent | €1.2m | €153,936 | 16.0% | - |
| Casteleyn Advocaten Lokeren | €1.1m | €152,701 | 1.8% | - |
| ODIGO ADVOCATEN KORTRIJK-GENT Kortrijk | €1.1m | €170,735 | 32.4% | - |
| Advocaat Steven VERBEKE Tienen | €1.4m | €154,423 | 32.8% | - |
| KIRAN S. DESAI AVOCAT Uccle | €1.2m | €155,535 | 80.7% | - |
| Cabinet d'Avocats Vincent GIUNTA Mons | €1.0m | €156,153 | 36.7% | - |
| ADVOCATENKANTOOR ROBBIE DEWAELE Waregem | €1.1m | €152,753 | 75.4% | - |
These companies have the same main activity as A&L: activities of lawyers (NACE 69101). They are comparable in size and age: total assets between €1m and €1.4m, founded between 2011 and 2014.
Official details
Source: KBO- Status
- Active since 25-01-2014Normal situation
- Activity
- Activities of lawyersNACE 69101
- Establishment unit
- 2.324.845.7189030 Ghent, since 25-01-2014
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- €1.2m▼ 10.0%
- Filing
- Filed on 10-07-2026, 21 days before the end of the filing period
Insights on A&L
A&L files the abbreviated format. That format states no turnover. The gross margin rose from €106,673 in 2015 to €153,936 in 2025.
The balance sheet grew most in 2018 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about A&L
- What is the company number of A&L?
- The company number of A&L is 0544.894.431. The VAT number is the same number with BE in front: BE 0544.894.431.
- Where is A&L based?
- The registered office is at Durmstraat 29, 9030 Ghent.Company details
- What does A&L do?
- According to the KBO register, the main activity is activities of lawyers (NACE 69101).
- What is the legal form of A&L?
- A&L is a private limited company (BV).
- When was A&L founded?
- A&L was founded on 25-01-2014.
- Is A&L still active?
- Yes, A&L is an active enterprise in the KBO register.
- What is the turnover of A&L?
- The turnover in financial year 2025 is ≈ €270,000. This figure is estimated from the gross margin of €153,936 and 38 comparable companies (NACE 691). It probably lies between €210,000 and €400,000.Financials
- Is A&L profitable?
- In financial year 2025, A&L made a loss of €22,702.
- Where can I find the annual accounts of A&L?
- A&L filed 11 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of A&L due?
- A&L must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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