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LawRent

Active
Private limited companyfounded 2023active for 3 yearsKapellendries 73, 9090 Merelbeke-Melle, BelgiumKBO/BCE: BE 0803.915.313

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 14-01-2026 PDF all 2 filings

Turnover
≈ €220,000
Estimated: probably between €170,000 and €320,000
Total assets
€175,796▲ 220%
2024 · €54,867
Net result
€91,855▲ 207%
2024 · €29,878
Working capital
€128,660▲ 275%
2024 · €34,287
Multi-year overview
2024 to 2025, 2 financial years
Operating result
€122,459
▲ 207% 2025
20242025
Net result
€91,855
▲ 207% 2025
highest quarter of the sector
20242025
Equity
€125,733
▲ 271% 2025
middle half of the sector
20242025
Total assets
€175,796
▲ 220% 2025
middle half of the sector
20242025
Debt
€50,063
▲ 139% 2025
20242025
Working capital
€128,660
▲ 275% 2025
middle half of the sector
20242025
Solvency
71.5%
▲ 9.8pp 2025
middle half of the sector
20242025
Current ratio
4.08
▲ 1.02 2025
middle half of the sector
20242025
Return on assets (ROA)
52.3%
▼ 2.2pp 2025
highest quarter of the sector
20242025
Every figure per financial year
Every figure with its change against the financial year before
favourable unfavourable
Line20242025
Operating result€39,832-€122,459▲ 207%
Net result€29,878within the sector's middle half-€91,855above the sector's middle half▲ 207%
Equity€33,878within the sector's middle half-€125,733within the sector's middle half▲ 271%
Total assets€54,867below the sector's middle half-€175,796within the sector's middle half▲ 220%
Debt€20,989-€50,063▲ 139%
Working capital€34,287within the sector's middle half-€128,660within the sector's middle half▲ 275%
Solvency61.7%within the sector's middle half-71.5%within the sector's middle half▲ 9.8pp
Current ratio3.06within the sector's middle half-4.08within the sector's middle half▲ 1.02
Return on assets (ROA)54.5%above the sector's middle half-52.3%above the sector's middle half▼ 2.2pp
above within below The sector band is the middle half of the companies in Legal and accounting activities (NACE 69). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.

The operating result for 2025 is nearly 3.1 times that of 2024.

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €174,851
Fixed assets €4,444 ▲ 76.2%
Current assets €170,406 ▲ 234%
Equity and liabilities €175,796
Equity €125,733 ▲ 271%
Debt €50,063 ▲ 139%
Debt's share of the balance-sheet total falls from 38.3% to 28.5%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€123,845▲
2024 · €41,685
Cash flow
€93,241▲
2024 · €31,732
Debt to equity
0.40▼
2024 · 0.62
ROE
73.1%▼
2024 · 88.2%
Interest coverage
22.10▲
2024 · 18.85
Debt ≤ 1 year
€41,747▲
2024 · €16,662
Debt > 1 year
€6,088▲
2024 · €4,327
Income taxes
€25,004▲
2024 · €7,742
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Investments

fixed assets acquired
Item30-06-202430-06-2025
Tangible fixed assets€2,561€2,858
Depreciation and write-downs of the year€1,854€1,386

Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet Code20242025
Assets
Total assets20/58€54,867€175,796▲
Formation expenses20€1,396€946▼
Fixed assets21/28€2,523€4,444▲
Tangible fixed assets22/27€2,523€4,444▲
Furniture and vehicles24€2,523€4,444▲
Current assets29/58€50,948€170,406▲
Amounts receivable within one year40/41€11,344€33,873▲
Trade receivables40€11,344€33,873▲
Cash at bank and in hand54/58€39,605€133,116▲
Deferred charges and accrued income490/1-€3,417
Equity and liabilities
Total equity and liabilities10/49€54,867€175,796▲
Equity10/15€33,878€125,733▲
Contributions10/11€4,000€4,000=
Reserves13€29,878€121,733▲
Distributable reserves133€29,878€121,733▲
Amounts payable17/49€20,989€50,063▲
Amounts payable after more than one year17€4,327€6,088▲
Other amounts payable178/9€4,327€6,088▲
Amounts payable within one year42/48€16,662€41,747▲
Trade debts44€192€2,421▲
Suppliers440/4€192€2,421▲
Taxes, remuneration and social security45€16,469€39,325▲
Taxes450/3€16,469€39,325▲
Accrued charges and deferred income492/3-€2,229
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,854€1,386▼
Other operating charges640/8-€75
Gross operating margin9900€41,685€123,920▲
Operating profit (loss)9901€39,832€122,459▲
Financial income75/76B-€4
Recurring financial income75-€4
Financial charges65/66B€2,211€5,605▲
Recurring financial charges65€2,211€5,605▲
Profit (loss) for the period before taxes9903€37,620€116,859▲
Income taxes67/77€7,742€25,004▲
Profit (loss) for the period9904€29,878€91,855▲
Profit (loss) for the period to be appropriated9905€29,878€91,855▲
Appropriation of the result
Profit (loss) to be appropriated9906€29,878€91,855▲
Transfer to equity691/2€29,878€91,855▲
To other reserves6921€29,878€91,855▲

The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 14-01-2026.

Line20242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,854€1,386▼ 25.2%
Other operating charges640/8-€75-
Gross operating margin9900€41,685€123,920▲ 197%
Operating profit (loss)9901€39,832€122,459▲ 207%
Financial income75/76B-€4-
Recurring financial income75-€4-
Financial charges65/66B€2,211€5,605▲ 153%
Recurring financial charges65€2,211€5,605▲ 153%
Profit (loss) for the period before taxes9903€37,620€116,859▲ 211%
Income taxes67/77€7,742€25,004▲ 223%
Profit (loss) for the period9904€29,878€91,855▲ 207%
Profit (loss) for the period to be appropriated9905€29,878€91,855▲ 207%
Line20242025Change
Assets
Total assets20/58€54,867€175,796▲ 220%
Formation expenses20€1,396€946▼ 32.2%
Fixed assets21/28€2,523€4,444▲ 76.2%
Tangible fixed assets22/27€2,523€4,444▲ 76.2%
Furniture and vehicles24€2,523€4,444▲ 76.2%
Current assets29/58€50,948€170,406▲ 234%
Amounts receivable within one year40/41€11,344€33,873▲ 199%
Trade receivables40€11,344€33,873▲ 199%
Cash at bank and in hand54/58€39,605€133,116▲ 236%
Deferred charges and accrued income490/1-€3,417-
Equity and liabilities
Total equity and liabilities10/49€54,867€175,796▲ 220%
Equity10/15€33,878€125,733▲ 271%
Contributions10/11€4,000€4,000=
Reserves13€29,878€121,733▲ 307%
Distributable reserves133€29,878€121,733▲ 307%
Amounts payable17/49€20,989€50,063▲ 139%
Amounts payable after more than one year17€4,327€6,088▲ 40.7%
Other amounts payable178/9€4,327€6,088▲ 40.7%
Amounts payable within one year42/48€16,662€41,747▲ 151%
Trade debts44€192€2,421▲ 13×
Suppliers440/4€192€2,421▲ 13×
Taxes, remuneration and social security45€16,469€39,325▲ 139%
Taxes450/3€16,469€39,325▲ 139%
Accrued charges and deferred income492/3-€2,229-
Line20242025Change
Profit (loss) for the period9904€29,878€91,855▲ 207%
+ Depreciation and write-downs630€1,854€1,386▼ 25.2%
Operating cash flow (approximation)€31,732€93,241▲ 194%
Investment in fixed assets (approximation)--€3,308-
Change in cash-€93,512-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Historical observation

In July 2024, 39,278 companies had the same profile as LawRent has now. Two years later, 95.9% were still going and 1.8% had gone bankrupt.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
95.9% was still going
2.3% stopped otherwise
1.8% went bankrupt

The bankruptcy probability of LawRent itself is lower: < 0.1% within 12 months. It rests on far more data about LawRent than the profile alone.

Test of the method

The method was tested on the 497,446 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 39,278 companies, not a prediction for LawRent. 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.

Filings with the National Bank (2)
Financial year Type Filed Reference Document
30-06-2025 micro format 14-01-2026 2026-00008127 PDF
30-06-2024 micro format 20-12-2024 2024-00621465 PDF

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