INDUSTRIOUS-LAW
ActiveSummary
INDUSTRIOUS-LAW has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €52,180 and a net result of €0. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 26% of 1009 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability39▼-31
Solvency33=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity tight (current ratio 1.08 against 1.08 in 2024; short-term debt: 91.6% and cash: 23.5% of total assets), and 91.6% of the assets are financed with debt.
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Signals
Six 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 · 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
8.4%
Return on assets
0%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €52,180
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 29-05-2026, 63 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
63 d early
2024
60 d late
2023
33 d early
2022
46 d late
2021
5 d late
2020
6 d late
2019
21 d late
← 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 6 days after 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. Usually files around 5 August (4 of the last 5 filed years within 55 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€0▼ 100%
2024 · €8,547
Working capital
€46,927▲ 2.6%
2024 · €45,731
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting 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€47,846€1,471▼ 96.9%-€8,243€10,054€994▼ 90.1%
Net result€47,970within the sector's middle half▲ 46,554%€659below the sector's middle half▼ 98.6%-€8,547below the sector's middle half€8,547below the sector's middle half€0below the sector's middle half▼ 100%
Equity€51,521within the sector's middle half▲ 1,351%€52,180within the sector's middle half▲ 1.3%€43,633within the sector's middle half▼ 16.4%€52,180within the sector's middle half▲ 19.6%€52,180below the sector's middle half=
Total assets€262,686within the sector's middle half▲ 21.6%€543,870above the sector's middle half▲ 107%€657,428above the sector's middle half▲ 20.9%€646,873above the sector's middle half▼ 1.6%€619,910within the sector's middle half▼ 4.2%
Debt€211,165▼ 0.6%€491,690▲ 133%€613,795▲ 24.8%€594,693▼ 3.1%€567,730▼ 4.5%
Working capital€45,274within the sector's middle half€47,682within the sector's middle half▲ 5.3%€39,233within the sector's middle half▼ 17.7%€45,731within the sector's middle half▲ 16.6%€46,927within the sector's middle half▲ 2.6%
Solvency19.6%below the sector's middle half▲ 18.0pp9.6%below the sector's middle half▼ 10.0pp6.6%below the sector's middle half▼ 3.0pp8.1%below the sector's middle half▲ 1.4pp8.4%within the sector's middle half▲ 0.4pp
Current ratio1.21below the sector's middle half▲ 0.241.10below the sector's middle half▼ 0.121.06below the sector's middle half▼ 0.031.08below the sector's middle half▲ 0.011.08within the sector's middle half▲ 0.01
Return on assets (ROA)18.3%within the sector's middle half▲ 18.2pp0.1%below the sector's middle half▼ 18.1pp-1.3%below the sector's middle half▼ 1.4pp1.3%below the sector's middle half▲ 2.6pp0.0%below the sector's middle half▼ 1.3pp
Staff (FTE)0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 90% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €619,910
Fixed assets
€5,253 ▼ 18.6%
Current assets
€614,658 ▼ 4.0%
Equity and liabilities €619,910
Equity
€52,180 =
Debt
€567,730 ▼ 4.5%
Debt's share of the balance-sheet total falls from 91.9% to 91.6%. Debt is lower.
Key figures and ratios
EBITDA
€2,190▼
2024 · €10,987
Cash flow
€1,197▼
2024 · €9,481
Debt to equity
10.88▼
2024 · 11.40
ROE
0.0%▼
2024 · 16.4%
Interest coverage
2.40▼
2024 · 23.90
Debt ≤ 1 year
€567,730▼
2024 · €594,693
Income taxes
€922▼
2024 · €1,753
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,603 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 96% are still going.
- Small
- 5 to 10 years old
- solvency under 10%
- a profit under 5% of the balance sheet
1.9%
went bankrupt
1.8%
stopped otherwise
96%
still going
A further 0.2% 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 497,340 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% | 1.0% |
| 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% 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 1,603 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 | - | - | - | - | €2,974 | - |
| Remuneration, social security and pensions62 | - | €1,966 | - | €1,559 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,448 | €1,929 | €1,899 | €933 | €1,197 | ▲ 28.2% |
| Other operating charges640/8 | €348 | €348 | €384 | €447 | €1,507 | ▲ 237% |
| Non-recurring operating charges66A | - | - | - | - | €359 | - |
| Gross operating margin9900 | €50,641 | €5,714 | -€5,960 | €12,993 | €4,057 | ▼ 68.8% |
| Operating profit (loss)9901 | €47,846 | €1,471 | -€8,243 | €10,054 | €994 | ▼ 90.1% |
| Financial income75/76B | €134 | €10 | €21 | €707 | €840 | ▲ 18.8% |
| Recurring financial income75 | €134 | €10 | €21 | €707 | €840 | ▲ 18.8% |
| Financial charges65/66B | €227 | €334 | €323 | €460 | €911 | ▲ 98.2% |
| Recurring financial charges65 | €227 | €334 | €323 | €460 | €911 | ▲ 98.2% |
| Profit (loss) for the period before taxes9903 | €47,753 | €1,147 | -€8,545 | €10,300 | €922 | ▼ 91.0% |
| Income taxes67/77 | -€217 | €489 | €2 | €1,753 | €922 | ▼ 47.4% |
| Profit (loss) for the period9904 | €47,970 | €659 | -€8,547 | €8,547 | €0 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | €47,970 | €659 | -€8,547 | €8,547 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €262,686 | €543,870 | €657,428 | €646,873 | €619,910 | ▼ 4.2% |
| Fixed assets21/28 | €6,248 | €4,499 | €4,400 | €6,449 | €5,253 | ▼ 18.6% |
| Intangible fixed assets21 | - | - | €1,470 | €870 | €270 | ▼ 69.0% |
| Tangible fixed assets22/27 | €3,498 | €1,569 | - | €2,650 | €2,053 | ▼ 22.5% |
| Furniture and vehicles24 | €3,498 | €1,569 | - | €2,650 | €2,053 | ▼ 22.5% |
| Financial fixed assets28 | €2,750 | €2,930 | €2,930 | €2,930 | €2,930 | = |
| Current assets29/58 | €256,439 | €539,372 | €653,029 | €640,424 | €614,658 | ▼ 4.0% |
| Amounts receivable within one year40/41 | €230,606 | €424,024 | €553,217 | €481,436 | €449,040 | ▼ 6.7% |
| Trade receivables40 | €230,606 | €424,024 | €553,217 | €481,432 | €409,439 | ▼ 15.0% |
| Other amounts receivable41 | - | - | - | €3 | €39,602 | ▲ 1,182,035% |
| Cash at bank and in hand54/58 | €25,833 | €115,348 | €99,610 | €156,557 | €145,969 | ▼ 6.8% |
| Deferred charges and accrued income490/1 | - | - | €202 | €2,431 | €19,649 | ▲ 708% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €262,686 | €543,870 | €657,428 | €646,873 | €619,910 | ▼ 4.2% |
| Equity10/15 | €51,521 | €52,180 | €43,633 | €52,180 | €52,180 | = |
| Contributions10/11 | €6,222 | €6,222 | €6,222 | €6,222 | €6,222 | = |
| Reserves13 | €1,867 | €1,867 | €1,867 | €1,867 | €1,867 | = |
| Non-distributable reserves130/1 | €1,867 | €1,867 | €1,867 | €1,867 | €1,867 | = |
| Reserves not available under the articles1311 | €1,867 | €1,867 | €1,867 | €1,867 | €1,867 | = |
| Profit (loss) carried forward14 | €43,433 | €44,091 | €35,544 | €44,091 | €44,091 | = |
| Amounts payable17/49 | €211,165 | €491,690 | €613,795 | €594,693 | €567,730 | ▼ 4.5% |
| Amounts payable within one year42/48 | €211,165 | €491,690 | €613,795 | €594,693 | €567,730 | ▼ 4.5% |
| Trade debts44 | €211,065 | €465,760 | €565,834 | €572,703 | €564,879 | ▼ 1.4% |
| Suppliers440/4 | €211,065 | €465,760 | €565,834 | €572,703 | €564,879 | ▼ 1.4% |
| Taxes, remuneration and social security45 | €100 | €25,930 | €47,961 | €21,850 | €2,712 | ▼ 87.6% |
| Taxes450/3 | €100 | €25,677 | €47,961 | €21,850 | €2,712 | ▼ 87.6% |
| Remuneration and social security454/9 | - | €253 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €140 | €140 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €47,970 | €659 | -€8,547 | €8,547 | €0 | ▼ 100% |
| + Depreciation and write-downs630 | €2,448 | €1,929 | €1,899 | €933 | €1,197 | ▲ 28.2% |
| Operating cash flow (approximation) | €50,418 | €2,588 | -€6,648 | €9,481 | €1,197 | ▼ 87.4% |
| Investment in fixed assets (approximation) | - | -€180 | -€1,800 | -€2,983 | €0 | ▲ 100% |
| Change in cash | - | €89,515 | -€15,738 | €56,947 | -€10,588 | ▼ 119% |
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
29-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial
Back to profitnet €8,547
Net result €8,547 after one loss-making year.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
15-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 46 days late
2022
05-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 5 days late
2021
06-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 6 days late
2020
31-12
Financial
Back to profitnet €103
Net result €103 after one loss-making year.
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 21 days late
2019
31-12
Financial
Weakest financial yearnet -€50,865
Net result drops to -€50,865, the lowest in the series; recovery starts the following year.
03-06
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 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, Etterbeek · 1 establishment unit since 2018
Ground area
4,410 m²
Building footprint
2,494 m²
Volume, LiDAR
37,451 m³
2 parcels, Brussels · tallest building 19.9 m, ±5 floors. Linked by address, not a title deed.
72
companies at this address
See who is registered here
1 establishment unit
Brand Whitlocklaan 132, 1200 Sint-Lambrechts-Woluwe
since 20182.276.641.864
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21363B0348/00Z000 | Brussels | 4,115 m² | 1 · 2,273 m² | 19.9 m · 5 fl. |
| 21673D0154/00D035 | Brussels | 295 m² | 1 · 222 m² | 19.4 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 ownerOwners 1
- Sourceaccounts VVLaw 202449%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. 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 fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 22,075 companies in sector 69101 we hold annual accounts for 9,061. 7,251 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
Founded29-03-2018
Fiscal year end31-12
Activities, NACEBEL 2025
69101Activities of lawyers
E-invoicing
Reachable via Peppol
Peppol ID
0208:0693709554
Also
9925:BE0693709554
Registered
03-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.