Summary
L4 is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €364,441 and a net result of €86,538. Equity is growing by ~53.3% per year across the filed fiscal years. Its solvency ranks better than 25% of 8091 sector peers (fiscal year 2025). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-08-2026, 10 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
10 d late
2024
19 d late
2023
on the day
2022
3 d early
2021
2 d early
2020
1 d early
2019
on the day
← 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 3 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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 1 August (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
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Financials · fiscal year 2025, micro schema
Equity
€364,441▲ 31.1%
2024 · €277,903
Net result
€86,538▲ 940%
2024 · €8,319
Total assets
€1.8m▲ 1.4%
2024 · €1.7m
Solvency
20.7%▲ 4.7pp
2024 · 16.0%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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€70,701▼ 15.7%€85,819▲ 21.4%-€100,105€56,646€127,341▲ 125%
Net result€58,704within the sector's middle half▼ 4.4%€62,319within the sector's middle half▲ 6.2%-€119,724below the sector's middle half€8,319within the sector's middle half€86,538above the sector's middle half▲ 940%
Equity€26,989below the sector's middle half▲ 2.7%€89,308within the sector's middle half▲ 231%€269,584within the sector's middle half▲ 202%€277,903within the sector's middle half▲ 3.1%€364,441within the sector's middle half▲ 31.1%
Total assets€174,173within the sector's middle half▲ 13.5%€169,585within the sector's middle half▼ 2.6%€1.6mabove the sector's middle half▲ 829%€1.7mabove the sector's middle half▲ 10.5%€1.8mabove the sector's middle half▲ 1.4%
Debt€147,184▲ 15.7%€80,277▼ 45.5%€1.3m▲ 1,527%€1.5m▲ 12.0%€1.4m▼ 4.3%
Working capital€20,422within the sector's middle half▲ 74.3%€77,096within the sector's middle half▲ 278%-€412,114below the sector's middle half-€707,864below the sector's middle half▼ 71.8%-€666,095below the sector's middle half▲ 5.9%
Solvency15.5%below the sector's middle half▼ 1.6pp52.7%within the sector's middle half▲ 37.2pp17.1%below the sector's middle half▼ 35.5pp16.0%below the sector's middle half▼ 1.1pp20.7%within the sector's middle half▲ 4.7pp
Current ratio1.15within the sector's middle half▲ 0.051.96within the sector's middle half▲ 0.810.42below the sector's middle half▼ 1.540.02below the sector's middle half▼ 0.400.02below the sector's middle half=
Return on assets (ROA)33.7%above the sector's middle half▼ 6.3pp36.7%above the sector's middle half▲ 3.0pp-7.6%below the sector's middle half▼ 44.3pp0.5%below the sector's middle half▲ 8.1pp4.9%within the sector's middle half▲ 4.4pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 125% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.8m
Fixed assets
€1.8m ▲ 1.2%
Current assets
€13,876 ▲ 23.3%
Equity and liabilities €1.8m
Equity
€364,441 ▲ 31.1%
Debt
€1.4m ▼ 4.3%
Debt's share of the balance-sheet total falls from 84.0% to 79.3%. Equity is higher and debt is lower.
Key figures and ratios
ROE
23.7%▲
2024 · 3.0%
Debt ≤ 1 year
€679,971▼
2024 · €719,116
Debt > 1 year
€719,747▼
2024 · €743,139
Income taxes
€291▲
2024 · €236
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €655 | - | €1,425 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,767 | €2,016 | €197,180 | €116,893 | €61,910 | ▼ 47.0% |
| Other operating charges640/8 | €2,202 | €405 | €8,339 | €4,373 | €3,715 | ▼ 15.1% |
| Gross operating margin9900 | €74,670 | €88,240 | €105,414 | €177,911 | €192,966 | ▲ 8.5% |
| Operating profit (loss)9901 | €70,701 | €85,819 | -€100,105 | €56,646 | €127,341 | ▲ 125% |
| Financial income75/76B | €6,323 | €6,369 | €8,588 | €6,574 | €1 | ▼ 100.0% |
| Recurring financial income75 | €6,323 | €6,369 | €8,588 | €6,574 | €1 | ▼ 100.0% |
| Financial charges65/66B | €722 | €543 | €28,207 | €54,664 | €40,513 | ▼ 25.9% |
| Recurring financial charges65 | €722 | €543 | €28,207 | €54,664 | €40,513 | ▼ 25.9% |
| Profit (loss) for the period before taxes9903 | €76,302 | €91,645 | -€119,724 | €8,556 | €86,829 | ▲ 915% |
| Income taxes67/77 | €17,598 | €29,327 | €0 | €236 | €291 | ▲ 23.0% |
| Profit (loss) for the period9904 | €58,704 | €62,319 | -€119,724 | €8,319 | €86,538 | ▲ 940% |
| Profit (loss) for the period to be appropriated9905 | €58,704 | €62,319 | -€119,724 | €8,319 | €86,538 | ▲ 940% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €174,173 | €169,585 | €1.6m | €1.7m | €1.8m | ▲ 1.4% |
| Fixed assets21/28 | €14,228 | €12,212 | €1.3m | €1.7m | €1.8m | ▲ 1.2% |
| Tangible fixed assets22/27 | €14,228 | €12,212 | €1.3m | €1.7m | €1.8m | ▲ 1.2% |
| Land and buildings22 | - | - | €1.3m | €1.7m | €1.7m | ▲ 1.3% |
| Plant, machinery and equipment23 | €12,558 | €11,482 | €10,407 | €0 | - | - |
| Furniture and vehicles24 | €1,671 | €730 | €244 | €1,032 | €619 | ▼ 40.0% |
| Current assets29/58 | €159,945 | €157,373 | €298,082 | €11,253 | €13,876 | ▲ 23.3% |
| Amounts receivable after more than one year29 | €141,543 | €141,543 | €261,562 | €0 | - | - |
| Other amounts receivable291 | €141,543 | €141,543 | €261,562 | €0 | - | - |
| Amounts receivable within one year40/41 | €11,677 | €6,776 | €27,889 | €11,202 | €12,254 | ▲ 9.4% |
| Trade receivables40 | €11,173 | €6,776 | €3,812 | €0 | €12,160 | - |
| Other amounts receivable41 | €504 | - | €24,077 | €11,202 | €94 | ▼ 99.2% |
| Cash at bank and in hand54/58 | €403 | €2,685 | €44 | €51 | €43 | ▼ 14.4% |
| Deferred charges and accrued income490/1 | €6,323 | €6,369 | €8,588 | €0 | €1,579 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €174,173 | €169,585 | €1.6m | €1.7m | €1.8m | ▲ 1.4% |
| Equity10/15 | €26,989 | €89,308 | €269,584 | €277,903 | €364,441 | ▲ 31.1% |
| Contributions10/11 | €18,600 | €18,600 | €318,600 | €318,600 | €318,600 | = |
| Outside capital11 | €18,600 | - | - | - | - | - |
| Other1109/19 | €18,600 | - | - | - | - | - |
| Reserves13 | €8,389 | €70,708 | €1,860 | €1,860 | €45,841 | ▲ 2,365% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | €6,529 | €68,848 | €0 | €1,860 | €45,841 | ▲ 2,365% |
| Profit (loss) carried forward14 | - | - | -€50,876 | -€42,557 | €0 | ▲ 100% |
| Amounts payable17/49 | €147,184 | €80,277 | €1.3m | €1.5m | €1.4m | ▼ 4.3% |
| Amounts payable after more than one year17 | - | - | €595,519 | €743,139 | €719,747 | ▼ 3.1% |
| Financial debts170/4 | - | - | €595,519 | €743,139 | €719,747 | ▼ 3.1% |
| Amounts payable within one year42/48 | €139,523 | €80,277 | €710,196 | €719,116 | €679,971 | ▼ 5.4% |
| Current portion of amounts payable after more than one year42 | - | - | €25,438 | €34,716 | €38,577 | ▲ 11.1% |
| Financial debts43 | - | - | €563,665 | €9,295 | €18,180 | ▲ 95.6% |
| Credit institutions430/8 | - | - | €563,665 | €9,295 | €18,180 | ▲ 95.6% |
| Trade debts44 | €10,281 | €21,622 | €73,827 | €164,989 | €109,512 | ▼ 33.6% |
| Suppliers440/4 | €10,281 | €21,622 | €73,827 | €164,989 | €109,512 | ▼ 33.6% |
| Taxes, remuneration and social security45 | €62,197 | €44,725 | €13,539 | €15,462 | €34,328 | ▲ 122% |
| Taxes450/3 | €62,197 | €44,725 | €13,539 | €15,462 | €34,328 | ▲ 122% |
| Other amounts payable47/48 | €67,044 | €13,930 | €33,728 | €494,654 | €479,373 | ▼ 3.1% |
| Accrued charges and deferred income492/3 | €7,662 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €58,704 | €62,319 | -€119,724 | €8,319 | €86,538 | ▲ 940% |
| + Depreciation and write-downs630 | €1,767 | €2,016 | €197,180 | €116,893 | €61,910 | ▼ 47.0% |
| Operating cash flow (approximation) | €60,470 | €64,335 | €77,456 | €125,212 | €148,449 | ▲ 18.6% |
| Investment in fixed assets (approximation) | - | €0 | -€1.5m | -€568,580 | -€83,288 | ▲ 85.4% |
| Change in cash | - | €2,281 | -€2,641 | €7 | -€7 | ▼ 206% |
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
10-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 10 days late
2025
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 19 days late
2024
31-12
Financial
Back to profitnet €8,319
Net result €8,319 after one loss-making year.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€119,724
Net result drops to -€119,724, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €200,000Eq €269,584 ▲202%
Equity rises from €89,308 to €269,584.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · 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, Pajottegem · 1 establishment unit since 2015
Ground area
1,094 m²
Building footprint
233 m²
Volume, LiDAR
34 m³
Parcel 23024B0624/00A000, Flanders · tallest building 3.4 m. Linked by address, not a title deed.
1 establishment unit
L4
since 20152.246.390.336
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23024B0624/00A000 | Flanders | 1,094 m² | 1 · 233 m² | 3.4 m |
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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 1,425 EUR awarded · 1,425 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 1,425 EUR | 1,425 EUR |
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,799. 13,775 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
Founded31-08-2015
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
66300Activities auxiliary to financial services and insurance activities
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0635884884
Registered
20-04-2026
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.