L2-label
ActiveSummary
L2-label has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20,460 and a net result of €91,508. Equity is shrinking by ~4.9% per year across the filed fiscal years. Its solvency ranks better than 20% of 31942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency40▼-42
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity tight (current ratio 1.13 against 2.2 in 2024; short-term debt: 84.9% and cash: 96% of total assets), and 84.9% of the assets are financed with debt.
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Signals
Four 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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
15.1%
Return on assets
67.4%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 31942 sector peers (2025).
NBB · sector comparisonPosition among 31942 sector peers
Solvency
better than 20%
← weakest
strongest →
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 09-06-2026, 52 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
52 d early
2024
48 d early
2023
57 d early
2022
83 d early
2021
82 d early
2020
27 d late
2019
24 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 39 days before 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 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€20,460▼ 80.2%
2024 · €103,183
Total assets
€135,828▼ 24.4%
2024 · €179,562
Net result
€91,508▲ 37.7%
2024 · €66,473
Working capital
€15,043▼ 83.6%
2024 · €91,718
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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€62,211▲ 57.3%€56,500▼ 9.2%€133,051▲ 135%€86,716▼ 34.8%€119,803▲ 38.2%
Net result€49,324within the sector's middle half▲ 62.6%€44,388within the sector's middle half▼ 10.0%€104,408above the sector's middle half▲ 135%€66,473above the sector's middle half▼ 36.3%€91,508above the sector's middle half▲ 37.7%
Equity€32,914within the sector's middle half▲ 23.2%€32,302within the sector's middle half▼ 1.9%€36,710within the sector's middle half▲ 13.6%€103,183within the sector's middle half▲ 181%€20,460below the sector's middle half▼ 80.2%
Total assets€153,744within the sector's middle half▲ 26.2%€131,094within the sector's middle half▼ 14.7%€150,069within the sector's middle half▲ 14.5%€179,562within the sector's middle half▲ 19.7%€135,828within the sector's middle half▼ 24.4%
Debt€120,830▲ 27.1%€98,792▼ 18.2%€113,359▲ 14.7%€76,379▼ 32.6%€115,368▲ 51.0%
Working capital€14,758within the sector's middle half▼ 20.5%€13,423within the sector's middle half▼ 9.0%€23,377within the sector's middle half▲ 74.2%€91,718within the sector's middle half▲ 292%€15,043within the sector's middle half▼ 83.6%
Solvency21.4%below the sector's middle half▼ 0.5pp24.6%below the sector's middle half▲ 3.2pp24.5%below the sector's middle half▼ 0.2pp57.5%within the sector's middle half▲ 33.0pp15.1%below the sector's middle half▼ 42.4pp
Current ratio1.12within the sector's middle half▼ 0.071.14within the sector's middle half▲ 0.011.21within the sector's middle half▲ 0.072.20within the sector's middle half▲ 0.991.13within the sector's middle half▼ 1.07
Return on assets (ROA)32.1%above the sector's middle half▲ 7.2pp33.9%above the sector's middle half▲ 1.8pp69.6%above the sector's middle half▲ 35.7pp37.0%above the sector's middle half▼ 32.6pp67.4%above the sector's middle half▲ 30.4pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 38% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €135,828
Fixed assets
€5,417 ▼ 52.8%
Current assets
€130,411 ▼ 22.4%
Equity and liabilities €135,828
Equity
€20,460 ▼ 80.2%
Debt
€115,368 ▲ 51.0%
Debt's share of the balance-sheet total rises from 42.5% to 84.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€125,851▲
2024 · €92,633
Cash flow
€97,556▲
2024 · €72,390
Debt to equity
5.64▲
2024 · 0.74
ROE
447.3%▲
2024 · 64.4%
Interest coverage
33.57▲
2024 · 29.10
Debt ≤ 1 year
€115,368▲
2024 · €76,379
Income taxes
€25,268▲
2024 · €17,714
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,706 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.3% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 6,706 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 | €10,396 | - | €30,714 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,435 | €5,132 | €5,238 | €5,917 | €6,048 | ▲ 2.2% |
| Other operating charges640/8 | €1,067 | €1,029 | €1,140 | €1,788 | €1,600 | ▼ 10.5% |
| Non-recurring operating charges66A | - | - | €308 | - | - | - |
| Gross operating margin9900 | €67,713 | €62,660 | €139,738 | €94,421 | €127,451 | ▲ 35.0% |
| Operating profit (loss)9901 | €62,211 | €56,500 | €133,051 | €86,716 | €119,803 | ▲ 38.2% |
| Financial income75/76B | - | - | €384 | €654 | €722 | ▲ 10.4% |
| Recurring financial income75 | - | - | €384 | €654 | €722 | ▲ 10.4% |
| Financial charges65/66B | €80 | €52 | €62 | €3,183 | €3,749 | ▲ 17.8% |
| Recurring financial charges65 | €80 | €52 | €62 | €3,183 | €3,749 | ▲ 17.8% |
| Profit (loss) for the period before taxes9903 | €62,131 | €56,448 | €133,373 | €84,187 | €116,777 | ▲ 38.7% |
| Income taxes67/77 | €12,807 | €12,060 | €28,966 | €17,714 | €25,268 | ▲ 42.6% |
| Profit (loss) for the period9904 | €49,324 | €44,388 | €104,408 | €66,473 | €91,508 | ▲ 37.7% |
| Profit (loss) for the period to be appropriated9905 | €49,324 | €44,388 | €104,408 | €66,473 | €91,508 | ▲ 37.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €153,744 | €131,094 | €150,069 | €179,562 | €135,828 | ▼ 24.4% |
| Fixed assets21/28 | €18,156 | €18,879 | €13,333 | €11,465 | €5,417 | ▼ 52.8% |
| Tangible fixed assets22/27 | €18,156 | €18,879 | €13,333 | €11,465 | €5,417 | ▼ 52.8% |
| Plant, machinery and equipment23 | - | €2,956 | €2,333 | €1,710 | €1,087 | ▼ 36.4% |
| Furniture and vehicles24 | €18,156 | €15,923 | €11,000 | €9,754 | €4,330 | ▼ 55.6% |
| Current assets29/58 | €135,588 | €112,215 | €136,736 | €168,097 | €130,411 | ▼ 22.4% |
| Amounts receivable within one year40/41 | - | €534 | €4,395 | €655 | - | - |
| Other amounts receivable41 | - | €534 | €4,395 | €655 | - | - |
| Cash at bank and in hand54/58 | €126,101 | €111,681 | €132,341 | €167,443 | €130,411 | ▼ 22.1% |
| Deferred charges and accrued income490/1 | €9,487 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €153,744 | €131,094 | €150,069 | €179,562 | €135,828 | ▼ 24.4% |
| Equity10/15 | €32,914 | €32,302 | €36,710 | €103,183 | €20,460 | ▼ 80.2% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €12,454 | €11,842 | €16,250 | €82,723 | - | - |
| Amounts payable17/49 | €120,830 | €98,792 | €113,359 | €76,379 | €115,368 | ▲ 51.0% |
| Amounts payable within one year42/48 | €120,830 | €98,792 | €113,359 | €76,379 | €115,368 | ▲ 51.0% |
| Financial debts43 | - | - | - | - | €66 | - |
| Credit institutions430/8 | - | - | - | - | €66 | - |
| Trade debts44 | €1,476 | €2,888 | €783 | €1,273 | €1,528 | ▲ 20.0% |
| Suppliers440/4 | €1,476 | €2,888 | €783 | €1,273 | €1,528 | ▲ 20.0% |
| Taxes, remuneration and social security45 | €18,318 | €14,165 | €25,421 | €12,336 | €10,223 | ▼ 17.1% |
| Taxes450/3 | €16,018 | €11,780 | €23,021 | €9,936 | €7,823 | ▼ 21.3% |
| Remuneration and social security454/9 | €2,300 | €2,385 | €2,400 | €2,400 | €2,400 | = |
| Other amounts payable47/48 | €101,036 | €81,738 | €87,155 | €62,770 | €103,552 | ▲ 65.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €49,324 | €44,388 | €104,408 | €66,473 | €91,508 | ▲ 37.7% |
| + Depreciation and write-downs630 | €4,435 | €5,132 | €5,238 | €5,917 | €6,048 | ▲ 2.2% |
| Operating cash flow (approximation) | €53,760 | €49,520 | €109,646 | €72,390 | €97,556 | ▲ 34.8% |
| Investment in fixed assets (approximation) | - | -€5,855 | €308 | -€4,048 | €0 | ▲ 100% |
| Change in cash | - | -€14,420 | €20,660 | €35,102 | -€37,032 | ▼ 205% |
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
09-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
13-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €100,000Eq €103,183 ▲181%
7 profitable years in a row build equity to €103,183.
04-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €104,408 ▲135%
Operating result €133,051, net result €104,408, both a record.
09-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
10-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 24 days late
2019
27-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Eeklo · 1 establishment unit since 2017
Ground area
791 m²
Building footprint
172 m²
Volume, LiDAR
841 m³
Parcel 43005A0883/00S002, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
L2-label
since 20172.260.312.806
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43005A0883/00S002 | Flanders | 791 m² | 1 · 172 m² | 9.4 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.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,629. 30,794 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
Founded10-01-2017
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
43230Insulation installation
46130Agents in the wholesale of timber and building materials
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0669491822
Also
9925:BE0669491822
Registered
31-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.