L'SPHERE CORPORATE
ActiveThe annual accounts of L'SPHERE CORPORATE for fiscal year 2024 show a net loss of 61% of the equity at the start of that year. The 2024 annual accounts show equity of €653k and a net result of €-1.00M. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 20% of 4807 sector peers (fiscal year 2024). The company has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
39
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability15▲+2
Solvency27▼-3
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.0 against 0.02 in 2023; short-term debt: 61.4% and cash: 0.1% of total assets), and 97.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
2.1%
Return on assets
-3.3%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-1.00M
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 4807 sector peers (2024).
NBB · sector comparisonPosition among 4807 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-10-2025, 64 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
not confirmed
2024
64 d late
2023
92 d late
2022
18 d early
2021
3 d late
2020
19 d late
2019
32 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-1.00M▲ 32.9%
2023 · €-1.50M
2018: €-102k
2019: €-438k
2020: €562k
2021: €-562k
2022: €-554k
2023: €-1.50M
2018 → 2024
Working capital
€-18.76M▼ 10.9%
2023 · €-16.91M
2018: €-1.65M
2019: €-2.98M
2020: €-1.16M
2021: €-3.09M
2022: €-13.95M
2023: €-16.91M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€961k-€1.58M▲ 64.2%€1.02M▼ 35.1%€1.66M▲ 61.8%€653k▼ 60.6%
Operating result€-216k-€-487k▼ 126%€-88k▲ 82.0%€-1.03M▼ 1,074%€-814k▲ 20.9%
Net result€562k-€-562k€-554k▲ 1.5%€-1.50M▼ 170%€-1.00M▲ 32.9%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €814k in 2024 against €1.03M in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €30.58M
Fixed assets
€30.56M▲ 0.6%
Current assets
€22k▼ 93.5%
Equity and liabilities €30.58M
Equity
€653k▼ 60.6%
Provisions
€2.37M▼ 13.8%
Debt
€27.56M▲ 4.8%
The debt ratio rises from 85.6% to 90.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€30k▲
2023 · €-195k
Cash flow
€-160k▲
2023 · €-663k
Solvency
2.1%▼
2023 · 5.4%
Current ratio
0.00▼
2023 · 0.02
Quick ratio
0.00▼
2023 · 0.02
Debt / equity
42.19▲
2023 · 15.86
ROE
-153.8%▼
2023 · -90.3%
ROA
-3.3%▲
2023 · -4.9%
Interest coverage
0.07▲
2023 · -0.35
Debt
€27.56M▲
2023 · €26.29M
Debt ≤ 1 year
€18.78M▲
2023 · €17.25M
Debt > 1 year
€8.77M▼
2023 · €9.03M
Income taxes
€120k▲
2023 · €55k
Staff costs
€17k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€30.70M€30.58M▼
Fixed assets21/28€30.36M€30.56M▲
Intangible fixed assets21€512k€271k▼
Tangible fixed assets22/27€14.53M€14.83M▲
Land and buildings22€13.78M€13.30M▼
Furniture and vehicles24€14k€9k▼
Leasing and similar rights25€0-
Assets under construction and advance payments27€738k€1.52M▲
Financial fixed assets28€15.32M€15.46M▲
Current assets29/58€334k€22k▼
Amounts receivable within one year40/41€317k€0▼
Trade receivables40€293k€0▼
Other amounts receivable41€24k€0▼
Cash at bank and in hand54/58€12k€17k▲
Deferred charges and accrued income490/1€5k€5k▼
Equity and liabilities
Total equity and liabilities10/49€30.70M€30.58M▼
Equity10/15€1.66M€653k▼
Contributions10/11€1.90M€1.90M=
Revaluation surpluses12€2.06M€1.99M▼
Reserves13€1.61M€1.68M▲
Tax-exempt reserves132€1.54M€1.54M▼
Distributable reserves133€73k€142k▲
Profit (loss) carried forward14€-3.92M€-4.92M▼
Provisions and deferred taxes16€2.75M€2.37M▼
Deferred taxes168€2.75M€2.37M▼
Amounts payable17/49€26.29M€27.56M▲
Amounts payable after more than one year17€9.03M€8.77M▼
Financial debts170/4€8.97M€8.70M▼
Other amounts payable178/9€62k€67k▲
Amounts payable within one year42/48€17.25M€18.78M▲
Current portion of amounts payable after more than one year42€419k€447k▲
Financial debts43€4.15M€3.44M▼
Credit institutions430/8€4.15M€3.44M▼
Trade debts44€1.03M€268k▼
Suppliers440/4€1.03M€268k▼
Taxes, remuneration and social security45€292k€331k▲
Taxes450/3€292k€329k▲
Remuneration and social security454/9-€2k
Other amounts payable47/48€11.35M€14.29M▲
Accrued charges and deferred income492/3€11k€10k▼
Income statement
Code20232024
Non-recurring operating income76A€165k€0▼
Remuneration, social security and pensions62-€17k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€833k€844k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€151k€107k▼
Non-recurring operating charges66A€13k€0▼
Gross operating margin9900€-32k€154k▲
Operating profit (loss)9901€-1.03M€-814k▲
Financial income75/76B€1k€0▼
Recurring financial income75€1k€0▼
Financial charges65/66B€556k€451k▼
Recurring financial charges65€556k€451k▼
Profit (loss) for the period before taxes9903€-1.58M€-1.26M▲
Transfer from deferred taxes780€142k€380k▲
Transfer to deferred taxes680€0-
Income taxes67/77€55k€120k▲
Profit (loss) for the period9904€-1.50M€-1.00M▲
Transfer from tax-exempt reserves789€74k€2k▼
Transfer to tax-exempt reserves689€0-
Profit (loss) for the period to be appropriated9905€-1.42M€-1.00M▲
Appropriation of the result
Profit (loss) to be appropriated9906€-3.92M€-4.92M▼
Profit (loss) brought forward from the previous period14P€-2.49M€-3.92M▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (26 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
03-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 64 days late
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 92 days late
2023
31-12
Financial
Weakest financial yearnet €-1.50M
Net result drops to €-1.50M, the lowest in the series; recovery starts the following year.
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
03-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 3 days late
2021
31-12
Financial
Equity above €1MEq €1.58M ▲64.2%
Equity rises from €961k to €1.58M.
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 19 days late
2020
31-12
Financial
Back to profitnet €562k
Net result €562k after 2 loss-making years.
31-12
Financial
Equity above €500kEq €961k ▲141%
Equity rises from €399k to €961k.
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 29 days late
2017
10-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2015
31-07
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
28 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, Elsene · 1 establishment unit since 1994
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Louizalaan 541050 ElseneGround area
1,625 m²
Building footprint
1,286 m²
Volume, LiDAR
34,999 m³
Parcel 21807G0001/00L000, Brussels · tallest building 33.9 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
Louizalaan 54, 1050 Brussel
since 19942.069.200.931
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0001/00L000 | Brussels | 1,625 m² | 1 · 1,286 m² | 33.9 m · 9 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,133 companies in sector 68201 we hold annual accounts for 6,762. 5,003 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-11-1994
Fiscal year end31-12
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.