Turnover
≈ €20,000 estimated
The micro format states no turnover.
L212 Concept
Lifetime
4 annual accounts with figures on one time axispeak €5,383 (2021)
€1,958▲ 93.8%
peak €3,174 (2021)
€1,011▲ 352%
peak €7,419 (2024)
€7,419▲ 15.8%
€29,978▲ 33.0%
Board2 names since 2024
1 directorMasic Invest SA
Documentsfilings and deeds
24-03-2026236 days late
2024micro format
Gross margin from €1,011 to €1,958Result from €224 to €1,011Equity from €6,408 to €7,419Debts from €22,534 to €29,978Cash from €608 to €1
Key points
from the 2024 annual accountsChecked score
32
Weak
Financially stronger than 36% of micro companies in retail trade (NACE 47)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
9.6% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,275 companies (NACE 47, micro).
About 1 in 10 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 4.1%
01-2025: 4.1%● unchanged vs 12-2024
02-2025: 4.1%● unchanged vs 01-2025
03-2025: 4.2%▲ +0.1 percentage points vs 02-2025
04-2025: 5.0%▲ +0.8 percentage points vs 03-2025
05-2025: 5.6%▲ +0.6 percentage points vs 04-2025
06-2025: 5.9%▲ +0.3 percentage points vs 05-2025
07-2025: 5.7%▼ -0.2 percentage points vs 06-2025
08-2025: 6.1%▲ +0.4 percentage points vs 07-2025
09-2025: 3.9%▼ -2.2 percentage points vs 08-2025lowest value
10-2025: 4.9%▲ +1.0 percentage point vs 09-2025
11-2025: 5.0%▲ +0.1 percentage points vs 10-2025
12-2025: 5.9%▲ +0.9 percentage points vs 11-2025
01-2026: 8.4%▲ +2.5 percentage points vs 12-2025
02-2026: 8.4%● unchanged vs 01-2026
03-2026: 8.8%▲ +0.4 percentage points vs 02-2026
04-2026: 8.3%▼ -0.5 percentage points vs 03-2026
05-2026: 8.3%● unchanged vs 04-2026
06-2026: 8.1%▼ -0.2 percentage points vs 05-2026
07-2026: 7.6%▼ -0.5 percentage points vs 06-2026
08-2026: 8.2%▲ +0.6 percentage points vs 07-2026
09-2026: 8.5%▲ +0.3 percentage points vs 08-2026
10-2026: 9.6%▲ +1.1 percentage points vs 09-2026highest value
11-2026: 9.6%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
1 financial year not filed after the legal deadline; last filed accounts filed 236 days late; 2 of the last 3 accounts late
Figures for financial year 2024 (filed on 24-03-2026)
Liquidity: current ratio 1.23, cash €1, halved
Founded in 2020
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 47, micro). It does better than 36% of them on solvency, 8% on liquidity, 33% on profitability and 68% on growth.
The bankruptcy probability was computed on 09-11-2026 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 31-12-2024.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% 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, 3,274 companies had the same profile as L212 Concept has now. Each dot stands for 9 companies, two years later.
94.7%
were still trading
2.5%
stopped another way
2.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of L212 Concept itself is higher: 9.6% within 12 months. It rests on far more data about L212 Concept than the profile alone.
Test of the method
The method was tested on the 497,447 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 3,274 companies, not a prediction for L212 Concept. 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
No publishable credit limit, so credit only on tighter terms
Liquidity is tight, with a current ratio of 1.23 (1.23 in 2023), below the usual 1.5. Short-term debt is 80.2% and cash 0% of total assets. 80.2% 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.
raises risk
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 102 days later.
NBB · 4 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline10-11-2026 today
raises risk · 2024 accounts filed 236 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-03-2026, 236 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 4 filingsDeviation from the deadline
2025
not filed
2024
236 days late
2023
54 days late
2022
28 days early
2021
10 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 63 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (1)
Board and ownership
MI
Masic Invest SA
Director, Marc DEBAILLIE
- DEBAILLIE Marc Frans Julien Madeleine 10 sharesdeed of 17-12-2020
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0759803770
Resignation: AGENTIS S.A. (manager)
Appointment: Masic Invest SA (director) · General meeting of 31-05-2024 · Gazette deed
Registered office moved from Liège to Wandre
New registered office: rue du Charbonnage 20 à 4020 Wandre · Previous registered office: rue de Mulhouse 33/A à 4020 Liège · General meeting of 17-07-2023 · Gazette deed
Incorporation
Founding capital of €3,000, 10 shares · Founder: DEBAILLIE Marc Frans Julien Madeleine · Appointment: Agentis S.A. (director) · published on 17-12-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| L212 Concept Liège | €37,398 | €1,958 | 19.8% | - |
| Studio Miage Lanaken | €49,500 | €2,987 | 23.0% | - |
| CD FLOORING Grez-Doiceau | €31,442 | -€10,186 | -132.7% | - |
| M&J. Clothes & More Waterloo | €34,744 | -€1,358 | 55.9% | - |
| F.O.A. MANAGEMENT Woluwe-Saint-Pierre | €22,874 | -€33,979 | -70.4% | - |
| OTHMAN B Antwerp | €89,004 | -€24,274 | -29.3% | - |
| Sifan Kapellen | €28,477 | -€1,947 | -0.3% | - |
These companies have the same main activity as L212 Concept: retail trade (NACE 47530). They are comparable in size and age: total assets between €22,900 and €89,000, founded between 2015 and 2024.
Official details
Source: KBO- Status
- Active since 15-12-2020Normal situation
- Activity
- Retail tradeNACE 47530and 4 others
- Establishment unit
- 2.311.027.2754020 Liège, since 15-12-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 05-03-2026
Insights on L212 Concept
L212 Concept files the micro format. That format states no turnover. The gross margin fell from €5,383 in 2021 to €1,958 in 2024.
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 L212 Concept
- What is the company number of L212 Concept?
- The company number of L212 Concept is 0759.803.770. The VAT number is the same number with BE in front: BE 0759.803.770.
- Where is L212 Concept based?
- The registered office is at Rue du Charbonnage 20, 4020 Liège.Company details
- What does L212 Concept do?
- According to the KBO register, the main activity is retail trade (NACE 47530).
- What is the legal form of L212 Concept?
- L212 Concept is a private limited company (BV).
- When was L212 Concept founded?
- L212 Concept was founded on 15-12-2020.
- Is L212 Concept still active?
- Yes, L212 Concept is an active enterprise in the KBO register.
- What is the turnover of L212 Concept?
- The turnover in financial year 2024 is ≈ €20,000. This figure is estimated from the gross margin of €1,958 and 60 comparable companies (NACE 475). It probably lies between €11,000 and €51,000. It is a rough estimate.Financials
- Is L212 Concept profitable?
- In financial year 2024, L212 Concept made a profit of €1,011.
- Where can I find the annual accounts of L212 Concept?
- L212 Concept filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
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