LEAG
ActiveSummary
LEAG has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €43,111 and a net result of €31,687. Equity is growing by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 29% of 31942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability94▲+87
Solvency53▼-8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity ample (current ratio 2.78 against 20.35 in 2024; short-term debt: 35.7% and cash: 46.2% of total assets), but 72.2% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
27.8%
Return on assets
20.5%
Age of the figures
9 mo
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 29-07-2026, 2 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
2 d early
2024
3 d early
2023
27 d early
2022
24 d early
2021
13 d early
2020
20 d late
2019
17 d late
← 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 5 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€43,111▼ 29.8%
2024 · €61,424
Total assets
€154,908▼ 8.7%
2024 · €169,634
Net result
€31,687
2024 · -€15,711
Working capital
€98,289▼ 38.3%
2024 · €159,352
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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€49,319▼ 14.5%€13,063▼ 73.5%-€11,468-€15,654▼ 36.5%€36,380
Net result€38,600within the sector's middle half▼ 14.9%€9,242within the sector's middle half▼ 76.1%-€14,851below the sector's middle half-€15,711below the sector's middle half▼ 5.8%€31,687within the sector's middle half
Equity€122,745within the sector's middle half▲ 44.5%€91,987within the sector's middle half▼ 25.1%€77,135within the sector's middle half▼ 16.1%€61,424within the sector's middle half▼ 20.4%€43,111within the sector's middle half▼ 29.8%
Total assets€156,220within the sector's middle half▲ 41.1%€175,499within the sector's middle half▲ 12.3%€171,381within the sector's middle half▼ 2.3%€169,634within the sector's middle half▼ 1.0%€154,908within the sector's middle half▼ 8.7%
Debt€33,476▲ 30.0%€83,512▲ 149%€94,245▲ 12.9%€108,210▲ 14.8%€111,797▲ 3.3%
Working capital€151,033above the sector's middle half▲ 46.1%€128,390within the sector's middle half▼ 15.0%€161,934above the sector's middle half▲ 26.1%€159,352above the sector's middle half▼ 1.6%€98,289within the sector's middle half▼ 38.3%
Solvency78.6%above the sector's middle half▲ 1.8pp52.4%within the sector's middle half▼ 26.2pp45.0%within the sector's middle half▼ 7.4pp36.2%within the sector's middle half▼ 8.8pp27.8%within the sector's middle half▼ 8.4pp
Current ratio38.08above the sector's middle half▲ 23.023.99within the sector's middle half▼ 34.0826.40above the sector's middle half▲ 22.4120.35above the sector's middle half▼ 6.052.78within the sector's middle half▼ 17.58
Return on assets (ROA)24.7%within the sector's middle half▼ 16.3pp5.3%within the sector's middle half▼ 19.4pp-8.7%below the sector's middle half▼ 13.9pp-9.3%below the sector's middle half▼ 0.6pp20.5%within the sector's middle half▲ 29.7pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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
The operating result returns to profit in 2025: €36,380 after a loss of €15,654 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €154,908
Fixed assets
€1,329 ▼ 35.2%
Current assets
€153,579 ▼ 8.4%
Equity and liabilities €154,908
Equity
€43,111 ▼ 29.8%
Debt
€111,797 ▲ 3.3%
Debt's share of the balance-sheet total rises from 63.8% to 72.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€37,101▲
2024 · -€14,631
Cash flow
€32,407▲
2024 · -€14,688
Debt to equity
2.59▲
2024 · 1.76
ROE
73.5%▲
2024 · -25.6%
Interest coverage
319.26▲
2024 · -256.87
Debt ≤ 1 year
€55,290▲
2024 · €8,233
Debt > 1 year
€56,507▼
2024 · €97,655
Income taxes
€4,577
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,706 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,706 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €103 | €518 | €1,126 | €1,023 | €721 | ▼ 29.6% |
| Other operating charges640/8 | €248 | €174 | €165 | €513 | €528 | ▲ 2.8% |
| Gross operating margin9900 | €49,671 | €13,755 | -€10,177 | -€14,118 | €37,629 | ▲ 367% |
| Operating profit (loss)9901 | €49,319 | €13,063 | -€11,468 | -€15,654 | €36,380 | ▲ 332% |
| Financial charges65/66B | €769 | €1,198 | €3,383 | €57 | €116 | ▲ 104% |
| Recurring financial charges65 | €769 | €1,198 | €3,383 | €57 | €116 | ▲ 104% |
| Profit (loss) for the period before taxes9903 | €48,550 | €11,865 | -€14,851 | -€15,711 | €36,264 | ▲ 331% |
| Income taxes67/77 | €9,949 | €2,623 | - | - | €4,577 | - |
| Profit (loss) for the period9904 | €38,600 | €9,242 | -€14,851 | -€15,711 | €31,687 | ▲ 302% |
| Profit (loss) for the period to be appropriated9905 | €38,600 | €9,242 | -€14,851 | -€15,711 | €31,687 | ▲ 302% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €156,220 | €175,499 | €171,381 | €169,634 | €154,908 | ▼ 8.7% |
| Fixed assets21/28 | €1,114 | €4,198 | €3,072 | €2,049 | €1,329 | ▼ 35.2% |
| Tangible fixed assets22/27 | €1,114 | €4,198 | €3,072 | €2,049 | €1,329 | ▼ 35.2% |
| Furniture and vehicles24 | €1,114 | €4,198 | €3,072 | €2,049 | €1,329 | ▼ 35.2% |
| Current assets29/58 | €155,107 | €171,300 | €168,309 | €167,585 | €153,579 | ▼ 8.4% |
| Amounts receivable after more than one year29 | - | €110 | €110 | €110 | €0 | ▼ 100% |
| Other amounts receivable291 | - | €110 | €110 | €110 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €26,834 | €37,996 | €12,460 | €38,139 | €11,829 | ▼ 69.0% |
| Trade receivables40 | €24,300 | €35,069 | €8,583 | €33,880 | €8,470 | ▼ 75.0% |
| Other amounts receivable41 | €2,534 | €2,927 | €3,877 | €4,259 | €3,359 | ▼ 21.1% |
| Current investments50/53 | - | - | - | - | €70,000 | - |
| Cash at bank and in hand54/58 | €127,819 | €132,655 | €153,159 | €127,346 | €71,514 | ▼ 43.8% |
| Deferred charges and accrued income490/1 | €453 | €539 | €2,580 | €1,990 | €236 | ▼ 88.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €156,220 | €175,499 | €171,381 | €169,634 | €154,908 | ▼ 8.7% |
| Equity10/15 | €122,745 | €91,987 | €77,135 | €61,424 | €43,111 | ▼ 29.8% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €104,145 | €73,387 | €58,535 | €42,824 | €24,511 | ▼ 42.8% |
| Distributable reserves133 | €104,145 | €73,387 | €58,535 | €42,824 | €24,511 | ▼ 42.8% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Amounts payable17/49 | €33,476 | €83,512 | €94,245 | €108,210 | €111,797 | ▲ 3.3% |
| Amounts payable after more than one year17 | €28,541 | €39,438 | €84,553 | €97,655 | €56,507 | ▼ 42.1% |
| Other amounts payable178/9 | €28,541 | €39,438 | €84,553 | €97,655 | €56,507 | ▼ 42.1% |
| Amounts payable within one year42/48 | €4,074 | €42,910 | €6,375 | €8,233 | €55,290 | ▲ 572% |
| Trade debts44 | €16 | €2,877 | €208 | €5,883 | €1,607 | ▼ 72.7% |
| Suppliers440/4 | €16 | €2,877 | €208 | €5,883 | €1,607 | ▼ 72.7% |
| Taxes, remuneration and social security45 | €3,257 | €34 | €6,167 | €2,350 | €3,684 | ▲ 56.7% |
| Taxes450/3 | €3,257 | €34 | €6,167 | €2,350 | €3,684 | ▲ 56.7% |
| Other amounts payable47/48 | €800 | €40,000 | - | - | €50,000 | - |
| Accrued charges and deferred income492/3 | €861 | €1,164 | €3,318 | €2,322 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €38,600 | €9,242 | -€14,851 | -€15,711 | €31,687 | ▲ 302% |
| + Depreciation and write-downs630 | €103 | €518 | €1,126 | €1,023 | €721 | ▼ 29.6% |
| Operating cash flow (approximation) | €38,704 | €9,760 | -€13,725 | -€14,688 | €32,407 | ▲ 321% |
| Investment in fixed assets (approximation) | - | -€3,603 | €0 | €0 | €0 | - |
| Change in cash | - | €4,836 | €20,504 | -€25,813 | -€55,832 | ▼ 116% |
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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €31,687
Net result €31,687 after 2 loss-making years.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity times 7current ratio 26.40
Current ratio from 3.99 to 26.40; short-term debt falls from €42,910 to €6,375.
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity triplescurrent ratio 38.08
Current ratio from 15.06 to 38.08; short-term debt falls from €7,350 to €4,074.
31-12
Financial
Equity above €100,000Eq €122,745 ▲44.5%
3 profitable years in a row build equity to €122,745.
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
2020
17-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 17 days late
2019
31-12
Financial
Back to profitnet €49,883
Net result €49,883 after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 16.09
Current ratio from 6.33 to 16.09.
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Kortrijk · 1 establishment unit since 2017
Ground area
6,136 m²
Building footprint
575 m²
Volume, LiDAR
4,144 m³
Parcel 34354C0901/00K000, Flanders · tallest building 11.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Leag
since 20172.266.740.243
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34354C0901/00K000 | Flanders | 6,136 m² | 1 · 575 m² | 11.3 m · 2 fl. |
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.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 37,248 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
Founded27-07-2017
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0678923487
Also
9925:BE0678923487
Registered
17-12-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.