L2I
InactiveInactive; last annual accounts for fiscal year 2023.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline27-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 22-04-2024, 100 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
100 d early
2022
49 d early
2021
18 d early
2020
36 d early
2019
46 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 50 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2023, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€298,141▲ 14.2%
2022 · €260,970
Total assets
€299,716▲ 9.3%
2022 · €274,162
Net result
€37,170▼ 25.4%
2022 · €49,836
Working capital
€278,118▲ 13.0%
2022 · €246,121
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result-€17,556▲ 14.1%-€15,065▲ 14.2%€47,717€41,977▼ 12.0%€23,844▼ 43.2%
Net result-€27,347▲ 5.8%-€12,968▲ 52.6%€51,161€49,836▼ 2.6%€37,170▼ 25.4%
Equity€172,942▼ 24.6%€159,974▼ 7.5%€211,135▲ 32.0%€260,970▲ 23.6%€298,141▲ 14.2%
Total assets€245,566▼ 45.8%€207,628▼ 15.4%€250,887▲ 20.8%€274,162▲ 9.3%€299,716▲ 9.3%
Debt€72,624▼ 69.9%€47,654▼ 34.4%€39,752▼ 16.6%€13,191▼ 66.8%€1,575▼ 88.1%
Working capital€92,736€138,737▲ 49.6%€191,041▲ 37.7%€246,121▲ 28.8%€278,118▲ 13.0%
Staff (FTE)0.8▼ 20.0%0.8=1▲ 25.0%0.4▼ 60.0%0▼ 100%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2023 is 43% below 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €299,716
Fixed assets
€20,023 ▼ 18.1%
Current assets
€279,693 ▲ 12.0%
Equity and liabilities €299,716
Equity
€298,141 ▲ 14.2%
Debt
€1,575 ▼ 88.1%
Debt's share of the balance-sheet total falls from 4.8% to 0.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€23,844▼
2022 · €42,594
Cash flow
€37,170▼
2022 · €50,452
Debt to equity
0.01▼
2022 · 0.05
ROE
12.5%▼
2022 · 19.1%
ROA
12.4%▼
2022 · 18.2%
Interest coverage
50.81▲
2022 · 41.97
Debt ≤ 1 year
€1,575▼
2022 · €3,605
Income taxes
€0▼
2022 · €114
Staff costs
€0▼
2022 · €54,389
A ratio outside any meaningful range has been withheld (balance sheet total €299,716, equity €298,141).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €90,196 | €54,389 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,307 | €5,307 | €4,991 | €617 | €0 | ▼ 100% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | -€5,861 | €0 | - | - |
| Other operating charges640/8 | - | - | €5,649 | €523 | €460 | ▼ 11.9% |
| Non-recurring operating charges66A | - | - | - | - | €4,413 | - |
| Gross operating margin9900 | €76,637 | €80,169 | €142,692 | €97,505 | €28,718 | ▼ 70.5% |
| Operating profit (loss)9901 | -€17,556 | -€15,065 | €47,717 | €41,977 | €23,844 | ▼ 43.2% |
| Financial income75/76B | - | - | €4,595 | €8,988 | €13,795 | ▲ 53.5% |
| Recurring financial income75 | €173 | €3,713 | €4,595 | €8,988 | €13,795 | ▲ 53.5% |
| Financial charges65/66B | - | - | €934 | €1,015 | €469 | ▼ 53.8% |
| Recurring financial charges65 | €9,685 | €1,405 | €934 | €1,015 | €469 | ▼ 53.8% |
| Profit (loss) for the period before taxes9903 | -€27,068 | -€12,758 | €51,378 | €49,950 | €37,170 | ▼ 25.6% |
| Income taxes67/77 | €279 | €210 | €217 | €114 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | -€27,347 | -€12,968 | €51,161 | €49,836 | €37,170 | ▼ 25.4% |
| Profit (loss) for the period to be appropriated9905 | -€27,347 | -€12,968 | €51,161 | €49,836 | €37,170 | ▼ 25.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €245,566 | €207,628 | €250,887 | €274,162 | €299,716 | ▲ 9.3% |
| Fixed assets21/28 | €90,392 | €25,085 | €20,094 | €24,435 | €20,023 | ▼ 18.1% |
| Intangible fixed assets21 | €316 | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €10,054 | €5,062 | €71 | €4,413 | €0 | ▼ 100% |
| Land and buildings22 | - | - | €71 | €71 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | €0 | €4,342 | €0 | ▼ 100% |
| Financial fixed assets28 | €80,023 | €20,023 | €20,023 | €20,023 | €20,023 | = |
| Current assets29/58 | €155,174 | €182,543 | €230,793 | €249,726 | €279,693 | ▲ 12.0% |
| Amounts receivable within one year40/41 | €146,020 | €182,134 | €228,379 | €247,000 | €273,575 | ▲ 10.8% |
| Trade receivables40 | - | - | €68,379 | €0 | €9,075 | - |
| Other amounts receivable41 | - | - | €160,000 | €247,000 | €264,500 | ▲ 7.1% |
| Cash at bank and in hand54/58 | €7,657 | €410 | €2,414 | €2,726 | €6,118 | ▲ 124% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €245,566 | €207,628 | €250,887 | €274,162 | €299,716 | ▲ 9.3% |
| Equity10/15 | €172,942 | €159,974 | €211,135 | €260,970 | €298,141 | ▲ 14.2% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | - | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | - | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €110,942 | €97,974 | €149,135 | €198,970 | €236,141 | ▲ 18.7% |
| Non-distributable reserves130/1 | - | - | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | - | €6,200 | €6,200 | €6,200 | = |
| Distributable reserves133 | - | - | €142,935 | €192,770 | €229,941 | ▲ 19.3% |
| Amounts payable17/49 | €72,624 | €47,654 | €39,752 | €13,191 | €1,575 | ▼ 88.1% |
| Amounts payable after more than one year17 | €8,421 | €3,848 | €0 | - | - | - |
| Financial debts170/4 | - | - | €0 | - | - | - |
| Amounts payable within one year42/48 | €62,437 | €43,806 | €39,752 | €3,605 | €1,575 | ▼ 56.3% |
| Current portion of amounts payable after more than one year42 | - | - | €3,848 | €0 | - | - |
| Trade debts44 | €12,945 | €13,638 | €13,122 | €112 | €0 | ▼ 100% |
| Suppliers440/4 | - | - | €13,122 | €112 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | - | €22,781 | €3,493 | €1,575 | ▼ 54.9% |
| Taxes450/3 | - | - | €7,150 | €3,493 | €1,575 | ▼ 54.9% |
| Remuneration and social security454/9 | - | - | €15,631 | €0 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €9,586 | €0 | ▼ 100% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€27,347 | -€12,968 | €51,161 | €49,836 | €37,170 | ▼ 25.4% |
| + Depreciation and write-downs630 | €5,307 | €5,307 | €4,991 | €617 | €0 | ▼ 100% |
| Operating cash flow (approximation) | -€22,039 | -€7,661 | €56,152 | €50,452 | €37,170 | ▼ 26.3% |
| Investment in fixed assets (approximation) | - | €60,000 | €0 | -€4,959 | €4,413 | ▲ 189% |
| Change in cash | - | -€7,248 | €2,005 | €312 | €3,392 | ▲ 987% |
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
2024
22-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity triplescurrent ratio 177.58
Current ratio from 69.27 to 177.58; short-term debt falls from €3,605 to €1,575.
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity times 12current ratio 69.27
Current ratio from 5.81 to 69.27; short-term debt falls from €39,752 to €3,605.
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €51,161
Net result €51,161 after 3 loss-making years.
31-12
Financial
Equity above €200,000Eq €211,135 ▲32%
Equity rises from €159,974 to €211,135.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
15-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Liquidity times 6current ratio 2.49
Current ratio from 0.42 to 2.49; short-term debt falls from €228,627 to €62,437.
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Show earlier events
2017
12-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
08-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
13-04
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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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Structure & network
Owners and holdings
1 owner · 1 holdingOwners 1
-
50%
Holdings 1
-
25%
According to the 2023 annual accounts of L2I and those 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.