Summary
L4PC 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 €105,514 and a net result of €1.0m. Equity remains stable across the filed fiscal years (±1.3% per year). Its solvency ranks better than 17% of 1495 sector peers (fiscal year 2025). The company has been active since 2021 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
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 1495 sector peers (2025).
NBB · sector comparisonPosition among 1495 sector peers
Solvency
better than 17%
← 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 30-06-2026, 31 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
31 d early
2024
31 d early
2023
35 d early
2022
4 d early
2021
6 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 21 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€105,514▼ 23.7%
2024 · €138,275
Net result
€1.0m▼ 17.6%
2024 · €1.2m
Total assets
€1.3m▼ 15.3%
2024 · €1.5m
Solvency
8.3%▼ 0.9pp
2024 · 9.2%
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
Line20212022202320242025
Operating result€739,336-€1.3m▲ 80.2%€1.3m▼ 5.4%€1.2m▼ 3.4%€995,164▼ 18.3%
Net result€704,718-€1.3m▲ 86.4%€1.3m▼ 4.0%€1.2m▼ 3.0%€1.0m▼ 17.6%
Equity€124,718-€126,086▲ 1.1%€136,345▲ 8.1%€138,275▲ 1.4%€105,514▼ 23.7%
Total assets€862,520-€1.5m▲ 77.7%€1.5m▼ 1.3%€1.5m▼ 1.2%€1.3m▼ 15.3%
Debt€737,802-€1.4m▲ 90.7%€1.4m▼ 2.1%€1.4m▼ 1.5%€1.2m▼ 14.4%
Working capital€184,070-€128,850▼ 30.0%€117,064▼ 9.1%€135,129▲ 15.4%€116,558▼ 13.7%
Solvency14.5%-8.2%▼ 6.2pp9.0%▲ 0.8pp9.2%▲ 0.2pp8.3%▼ 0.9pp
Staff (FTE)4.1-7.5▲ 82.9%8.4▲ 12.0%598,027.7▲ 7,119,277%8.9▼ 100.0%
Why a figure moved sharply
- 2025 Staff (FTE) -100% on 2024. The accounts now follow the abbreviated schema, last year the full schema.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 18% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.3m
Fixed assets
€33,956 ▼ 29.5%
Current assets
€1.2m ▼ 14.8%
Equity and liabilities €1.3m
Equity
€105,514 ▼ 23.7%
Debt
€1.2m ▼ 14.4%
Debt's share of the balance-sheet total rises from 90.8% to 91.7%. Equity and debt are lower.
Key figures and ratios
ROE
954.6%▲
2024 · 883.7%
ROA
79.5%▼
2024 · 81.7%
Debt ≤ 1 year
€1.1m▼
2024 · €1.3m
Income taxes
€5,945▼
2024 · €15,816
Staff costs
€575,111▼
2024 · €598,028
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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €258,398 | €415,801 | €477,386 | €598,028 | €575,111 | ▼ 3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,547 | €4,607 | €9,945 | €16,134 | €15,534 | ▼ 3.7% |
| Other operating charges640/8 | - | €1,808 | €731 | €2,040 | €1,343 | ▼ 34.2% |
| Gross operating margin9900 | €1.0m | €1.8m | €1.7m | €1.8m | €1.6m | ▼ 13.5% |
| Operating profit (loss)9901 | €739,336 | €1.3m | €1.3m | €1.2m | €995,164 | ▼ 18.3% |
| Financial income75/76B | €0 | €0 | €22,280 | €26,329 | €23,020 | ▼ 12.6% |
| Recurring financial income75 | €0 | €0 | €22,280 | €26,329 | €23,020 | ▼ 12.6% |
| Financial charges65/66B | €1,836 | €6,701 | €6,439 | €6,416 | €4,999 | ▼ 22.1% |
| Recurring financial charges65 | €1,836 | €6,701 | €6,439 | €6,416 | €4,999 | ▼ 22.1% |
| Profit (loss) for the period before taxes9903 | €737,501 | €1.3m | €1.3m | €1.2m | €1.0m | ▼ 18.1% |
| Income taxes67/77 | €32,782 | €12,394 | €16,478 | €15,816 | €5,945 | ▼ 62.4% |
| Profit (loss) for the period9904 | €704,718 | €1.3m | €1.3m | €1.2m | €1.0m | ▼ 17.6% |
| Profit (loss) for the period to be appropriated9905 | €704,718 | €1.3m | €1.3m | €1.2m | €1.0m | ▼ 17.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €862,520 | €1.5m | €1.5m | €1.5m | €1.3m | ▼ 15.3% |
| Formation expenses20 | €648 | - | - | - | - | - |
| Fixed assets21/28 | - | €42,236 | €64,280 | €48,146 | €33,956 | ▼ 29.5% |
| Tangible fixed assets22/27 | - | €42,236 | €64,280 | €48,146 | €33,956 | ▼ 29.5% |
| Furniture and vehicles24 | - | €42,236 | €64,280 | €48,146 | €33,956 | ▼ 29.5% |
| Current assets29/58 | €861,872 | €1.5m | €1.4m | €1.4m | €1.2m | ▼ 14.8% |
| Amounts receivable within one year40/41 | €2,218 | - | €5,883 | €7,250 | €2,418 | ▼ 66.6% |
| Trade receivables40 | - | - | €5,883 | - | - | - |
| Other amounts receivable41 | €2,218 | - | - | €7,250 | €2,418 | ▼ 66.6% |
| Current investments50/53 | - | €1.0m | €840,000 | €840,000 | €860,000 | ▲ 2.4% |
| Cash at bank and in hand54/58 | €561,706 | €184,417 | €232,760 | €302,919 | €24,987 | ▼ 91.8% |
| Deferred charges and accrued income490/1 | €297,947 | €306,429 | €370,826 | €297,250 | €345,673 | ▲ 16.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €862,520 | €1.5m | €1.5m | €1.5m | €1.3m | ▼ 15.3% |
| Equity10/15 | €124,718 | €126,086 | €136,345 | €138,275 | €105,514 | ▼ 23.7% |
| Contributions10/11 | €40,000 | €40,000 | €40,000 | €40,000 | €40,000 | = |
| Profit (loss) carried forward14 | €84,718 | €86,086 | €96,345 | €98,275 | €65,514 | ▼ 33.3% |
| Amounts payable17/49 | €737,802 | €1.4m | €1.4m | €1.4m | €1.2m | ▼ 14.4% |
| Amounts payable within one year42/48 | €677,802 | €1.4m | €1.3m | €1.3m | €1.1m | ▼ 14.9% |
| Trade debts44 | €4,859 | €3,344 | €6,619 | €8,741 | €401 | ▼ 95.4% |
| Suppliers440/4 | €4,859 | €3,344 | €6,619 | €8,741 | €401 | ▼ 95.4% |
| Taxes, remuneration and social security45 | €52,942 | €46,505 | €74,678 | €83,299 | €75,870 | ▼ 8.9% |
| Taxes450/3 | - | €3,728 | €4,717 | - | €108 | - |
| Remuneration and social security454/9 | €52,942 | €42,777 | €69,961 | €83,299 | €75,762 | ▼ 9.0% |
| Other amounts payable47/48 | €620,000 | €1.3m | €1.3m | €1.2m | €1.0m | ▼ 14.8% |
| Accrued charges and deferred income492/3 | €60,000 | €45,000 | €45,000 | €45,000 | €45,000 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €704,718 | €1.3m | €1.3m | €1.2m | €1.0m | ▼ 17.6% |
| + Depreciation and write-downs630 | €2,547 | €4,607 | €9,945 | €16,134 | €15,534 | ▼ 3.7% |
| Operating cash flow (approximation) | €707,266 | €1.3m | €1.3m | €1.2m | €1.0m | ▼ 17.4% |
| Investment in fixed assets (approximation) | - | - | -€31,990 | €0 | -€1,344 | - |
| Change in cash | - | -€377,289 | €48,343 | €70,159 | -€277,932 | ▼ 496% |
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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2021net €1.3m ▲86.4%
Operating result €1.3m, net result €1.3m, both a record.
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Bastogne · 1 establishment unit since 2021
Ground area
2,532 m²
Building footprint
756 m²
Volume, LiDAR
6,488 m³
2 parcels, Wallonia · tallest building 15.3 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Rue de la Gare 57, 6880 Bertrix
since 20212.316.940.218
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 84009A0014/00L003 | Wallonia | 1,403 m² | 1 · 582 m² | 15.3 m · 4 fl. |
| 82005A0203/00T004 | Wallonia | 1,129 m² | 1 · 174 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
2 ownersOwners 2
-
25%
-
25%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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.
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Of 1,682 companies in sector 66191 we hold annual accounts for 1,230. 1,068 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
Founded03-02-2021
Fiscal year end31-12
Activities, NACEBEL 2025
66191Agents and brokers in banking services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0762841454
Registered
04-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.