Equity
€19,689 from €236,136 in 2019
Equity fell by 92% in 6 years.
LCE-Formations
Lifetime
11 annual accounts with figures on one time axispeak €133,409 (2018)
€1,595▼ 82.0%
lowest -€69,192 (2022)
€286▲ €30,316
peak €236,136 (2019)
€19,689▲ 1.5%
€165,948▲ 11.1%
Board1 name since 2014
1 directorBOUILLET Anne-Françoise
Documentsfilings and deeds
17-09-202648 days late
2025micro format
Gross margin from €8,855 to €1,595Back to profit: €286
Key points
from the 2025 annual accountsChecked score
81
Excellent
Financially stronger than 41% of micro companies in advertising and market research (NACE 73)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 11,230 companies (NACE 73, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.5%
01-2025: 0.5%● unchanged vs 12-2024
02-2025: 0.5%● unchanged vs 01-2025
03-2025: 0.5%● unchanged vs 02-2025
04-2025: 0.5%● unchanged vs 03-2025
05-2025: 0.5%● unchanged vs 04-2025
06-2025: 0.5%● unchanged vs 05-2025
07-2025: 0.5%● unchanged vs 06-2025
08-2025: 0.7%▲ +0.2 percentage points vs 07-2025
09-2025: 0.8%▲ +0.1 percentage points vs 08-2025
10-2025: 1.6%▲ +0.8 percentage points vs 09-2025highest value
11-2025: 1.6%● unchanged vs 10-2025highest value
12-2025: 1.5%▼ -0.1 percentage points vs 11-2025
01-2026: 1.5%● unchanged vs 12-2025
02-2026: 1.4%▼ -0.1 percentage points vs 01-2026
03-2026: 1.4%● unchanged vs 02-2026
04-2026: 1.4%● unchanged vs 03-2026
05-2026: 1.3%▼ -0.1 percentage points vs 04-2026
06-2026: 1.3%● unchanged vs 05-2026
07-2026: 1.3%● unchanged vs 06-2026
08-2026: 1.3%● unchanged vs 07-2026
09-2026: 1.4%▲ +0.1 percentage points vs 08-2026
10-2026: 0.5%▼ -0.9 percentage points vs 09-2026lowest value
11-2026: 0.5%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Last filed accounts filed 48 days late; 3 of the last 3 accounts late
Equity €19,689 (10.6% of total assets)
lowers risk
Liquidity: current ratio 1.59, cash €77,330
Sector: Advertising, market research and public relations activities (NACE 73)
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 73, micro). It does better than 20% of them on solvency, 60% on liquidity, 38% on profitability and 48% 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 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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, 4,508 companies had the same profile as LCE-Formations has now. Each dot stands for 12 companies, two years later.
96.8%
were still trading
1.6%
stopped another way
1.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LCE-Formations itself: 0.5% within 12 months.
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 4,508 companies, not a prediction for LCE-Formations. 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
Credit of up to €1,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.59 (1.68 in 2024), above the usual 1.5. Short-term debt is 62.5% and cash 41.7% of total assets. However, 89.4% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 8615 sector peers (2025).
NBB · sector comparisonPosition among 8615 sector peers
Solvency
better than 19%
← weakest
strongest →
raises risk · 2025 accounts filed 48 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-09-2026, 48 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
48 days late
2024
60 days late
2023
61 days late
2022
60 days late
2021
61 days late
2020
61 days late
2019
61 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 59 days after the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 September (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- BOUILLET Anne-Françoise Myriam Ghislaine 99 sharesdeed of 11-12-2023
- VAN WAMBEKE Charlotte Christiane Claire Marie Ghislaine 1 sharedeed of 11-12-2023
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0567654292
Change of role: BOUILLET Anne-Françoise, from manager to director
Director discharge: BOUILLET Anne-Françoise · BOUILLET Anne-Françoise Myriam Ghislaine holds 99 shares · VAN WAMBEKE Charlotte Christiane Claire Marie Ghislaine holds 1 share · Gazette deed
Incorporation
published on 10-11-2014 · Gazette deed
First establishment
Rue de Wavre 7, Wavre
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| LCE-Formations Wavre | €185,637 | €1,595 | 10.6% | - |
| ZYLYO Braine-l'Alleud | €171,740 | €1,221 | 84.0% | - |
| J.T.D. INVESTISSEMENTS Lasne | €172,604 | -€36,145 | 80.2% | - |
| ARLO Waterloo | €164,015 | -€213,870 | -647.2% | - |
| VANDENPUT KRAAINEM Kraainem | €195,476 | €1,730 | 3.3% | - |
| Zymase Uccle | €200,721 | -€16,908 | 42.5% | - |
| Mont Bleu Edegem | €146,572 | €1,411 | 94.5% | - |
These companies have the same main activity as LCE-Formations: public relations and communication consultancy (NACE 73300). They are comparable in size and age: total assets between €147,000 and €201,000, founded between 2011 and 2017.
Official details
Source: KBO- Status
- Active since 06-11-2014Normal situation
- Activity
- Public relations and communication consultancyNACE 73300and 1 other
- Establishment unit
- 2.238.718.3291301 Wavre, since 06-11-2014
- Financial year end
- 31 December
- Peppol
- Reachable since 16-12-2025
Insights on LCE-Formations
LCE-Formations files the micro format. That format states no turnover. The gross margin fell from €95,563 in 2015 to €1,595 in 2025.
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 LCE-Formations
- What is the company number of LCE-Formations?
- The company number of LCE-Formations is 0567.654.292. The VAT number is the same number with BE in front: BE 0567.654.292.
- Where is LCE-Formations based?
- The registered office is at Rue de Wavre 7, 1301 Wavre.Company details
- What does LCE-Formations do?
- According to the KBO register, the main activity is public relations and communication consultancy (NACE 73300).
- What is the legal form of LCE-Formations?
- LCE-Formations is a private limited company (BV).
- When was LCE-Formations founded?
- LCE-Formations was founded on 06-11-2014.
- Is LCE-Formations still active?
- Yes, LCE-Formations is an active enterprise in the KBO register.
- How many employees does LCE-Formations have?
- LCE-Formations had an average of 0.7 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- What is the turnover of LCE-Formations?
- The turnover in financial year 2025 is ≈ €10,000. This figure is estimated from the gross margin of €1,595 and 41 comparable companies (NACE 73300). It probably lies between €4,200 and €17,000. It is a rough estimate. In financial year 2021 turnover was €0.
- Is LCE-Formations profitable?
- In financial year 2025, LCE-Formations made a profit of €286.
- Where can I find the annual accounts of LCE-Formations?
- LCE-Formations filed 11 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of LCE-Formations due?
- LCE-Formations must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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