Equity
LEAN FACTOR has made a profit without a break since 2020.
In July 2024, 34,721 companies had the same profile as LEAN FACTOR has now. Each dot stands for 87 companies, two years later.
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 34,721 companies, not a prediction for LEAN FACTOR. 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.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| LEAN FACTOR Keerbergen | €182,835 | €13,442 | 85.3% | - |
| Hoste Consulting Services Kortenberg | €194,923 | €14,989 | 94.1% | - |
| JB CONSULTING Wemmel | €180,194 | €14,474 | 55.2% | - |
| PERTINEA FUND MANAGEMENT Merchtem | €152,842 | €12,220 | 76.1% | - |
| RETCOM Niel | €170,976 | €12,991 | 76.9% | - |
| PIETER BRAT Kapellen | €199,086 | €14,066 | 69.8% | - |
| ALPHITRO Tournai | €204,251 | €13,889 | 50.1% | - |
These companies have the same main activity as LEAN FACTOR: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €153,000 and €204,000, founded between 2010 and 2014.
LEAN FACTOR files the micro format. That format states no turnover. The gross margin fell from €50,921 in 2013 to €13,442 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €61,000. Estimated: probably between €27,000 and €120,000.
Higher than 83% of 41,246 companies in 2025.
Higher than 84% of 39,815 companies in 2025.
Higher than 36% of 40,336 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||
20/58 |
182,835 | 160,960 | 173,743 | 133,363 | 121,670 | 115,210 | 64,552 | 109,767 | 121,552 | 84,490 | 87,737 | 117,717 | 80,198 | |
21/28 |
5,108 | 7,490 | 81 | 163 | 244 | 325 | 406 | 1,024 | 1,642 | 1,392 | 3,060 | 3,474 | 3,791 | |
21 |
- | - | - | - | - | - | - | - | - | 525 | 1,425 | 2,325 | 3,225 | |
22/27 |
5,108 | 7,490 | 81 | 163 | 244 | 325 | 406 | 1,024 | 1,642 | 867 | 1,635 | 1,149 | 566 | |
22 |
- | - | - | - | - | - | 406 | 488 | 569 | 650 | 731 | - | - | |
23 |
- | - | - | - | - | - | - | 537 | 1,073 | - | - | - | - | |
24 |
5,108 | 7,490 | - | - | - | - | 0 | 0 | 0 | 217 | 904 | 1,149 | 566 | |
26 |
- | 0 | 81 | 163 | 244 | 325 | - | - | - | - | - | - | - | |
29/58 |
177,727 | 153,470 | 173,661 | 133,201 | 121,427 | 114,885 | 64,146 | 108,743 | 119,909 | 83,098 | 84,677 | 114,243 | 76,407 | |
3 |
- | - | - | - | 0 | 1,253 | 4,252 | 5,052 | 5,052 | 5,764 | 5,764 | 5,018 | 4,860 | |
30/36 |
- | - | - | - | 0 | 1,253 | 4,252 | 5,052 | 5,052 | 5,764 | 5,764 | 5,018 | 4,860 | |
40/41 |
13,920 | 236 | 6,988 | 12,705 | 26,716 | 20,300 | 12,046 | 10,358 | 15,350 | 13,666 | 14,520 | 27,851 | 14,644 | |
40 |
10,799 | 0 | 6,988 | 12,705 | 22,082 | 20,300 | 4,875 | 3,613 | 15,350 | 13,666 | 2,969 | 27,851 | 14,644 | |
41 |
3,121 | 236 | - | 0 | 4,634 | - | 7,172 | 6,745 | - | - | 11,551 | - | - | |
50/53 |
28,507 | 104,568 | 51,978 | 46,979 | 41,579 | 17,884 | 17,583 | 17,583 | 16,330 | 13,858 | 32,059 | 5,627 | 10,800 | |
54/58 |
133,865 | 47,269 | 113,277 | 72,239 | 51,771 | 74,397 | 30,265 | 75,749 | 83,178 | 49,810 | 32,334 | 75,748 | 46,104 | |
490/1 |
1,435 | 1,397 | 1,420 | 1,278 | 1,361 | 1,052 | - | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||||
10/49 |
182,835 | 160,960 | 173,743 | 133,363 | 121,670 | 115,210 | 64,552 | 109,767 | 121,552 | 84,490 | 87,737 | 117,717 | 80,198 | |
10/15 |
155,958 | 144,121 | 159,224 | 121,100 | 114,788 | 89,695 | 55,924 | 76,149 | 86,078 | 61,219 | 75,366 | 72,916 | 52,138 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
13 |
137,358 | 125,521 | 140,624 | 102,500 | 96,188 | 71,095 | 60,738 | 60,738 | 67,369 | 42,619 | 56,766 | 54,316 | 33,538 | |
130/1 |
- | - | - | 0 | 1,860 | 1,860 | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
- | - | - | 0 | 1,860 | 1,860 | - | - | - | - | - | - | - | |
133 |
137,358 | 125,521 | 140,624 | 102,500 | 94,328 | 69,235 | 58,878 | 58,878 | 65,509 | 40,759 | 54,906 | 52,456 | 31,678 | |
14 |
0 | 0 | 0 | 0 | 0 | - | -23,414 | -3,189 | 109 | - | - | - | - | |
17/49 |
26,877 | 16,839 | 14,518 | 12,264 | 6,883 | 25,515 | 8,629 | 33,618 | 35,474 | 23,271 | 12,372 | 44,802 | 28,061 | |
42/48 |
26,867 | 16,839 | 14,518 | 12,264 | 6,883 | 25,515 | 8,629 | 33,618 | 35,474 | 23,271 | 12,372 | 44,802 | 28,061 | |
44 |
1,081 | 940 | 741 | 1,179 | 824 | 1,857 | 4,655 | 318 | 1,020 | 395 | 143 | 502 | 359 | |
440/4 |
1,081 | 940 | 741 | 1,179 | 824 | 1,857 | 4,655 | 318 | 1,020 | 395 | 143 | 502 | 359 | |
45 |
8,099 | 1,242 | 3,547 | 3,462 | 1,592 | 8,151 | 200 | 21,007 | 18,935 | 9,494 | 2,018 | 26,736 | 19,190 | |
450/3 |
8,099 | 1,242 | 3,547 | 3,462 | 1,592 | 8,151 | 200 | 13,979 | 18,935 | 1,858 | 2,018 | 26,736 | 19,190 | |
454/9 |
- | - | - | - | - | - | - | 7,028 | - | 7,636 | - | - | - | |
47/48 |
17,688 | 14,658 | 10,231 | 7,622 | 4,467 | 15,508 | 3,773 | 12,292 | 15,519 | 13,382 | 10,212 | 17,563 | 8,512 | |
492/3 |
10 | - | - | - | - | - | - | - | - | - | - | - | - | |
| Income statement | ||||||||||||||
9900 |
13,442 | 17,686 | 55,585 | 57,028 | 35,841 | 38,962 | -19,215 | -8,542 | 39,638 | -8,966 | 7,820 | 33,024 | 50,921 | |
630 |
2,383 | 1,369 | 81 | 81 | 81 | 81 | 618 | 618 | 1,360 | 1,668 | 1,877 | 1,728 | 1,782 | |
640/8 |
654 | 1,036 | 353 | 1,141 | 211 | 799 | 154 | 442 | 402 | - | 628 | 279 | 285 | |
9901 |
10,405 | 15,281 | 55,150 | 55,805 | 35,548 | 38,083 | -19,987 | -9,602 | 37,876 | -10,634 | 5,315 | 31,016 | 48,855 | |
75/76B |
7,819 | 349 | 284 | 862 | 344 | 271 | - | 54 | 73 | 49 | 137 | 120 | 10 | |
75 |
7,819 | 349 | 284 | 862 | 344 | 271 | - | 54 | 73 | 49 | 137 | 120 | 10 | |
65/66B |
1,216 | 986 | 580 | 315 | 389 | 406 | 38 | 156 | 20 | 292 | 1,220 | 1,260 | 123 | |
65 |
1,216 | 986 | 580 | 315 | 389 | 406 | 38 | 156 | 20 | 292 | 1,220 | 1,260 | 123 | |
9903 |
17,009 | 14,644 | 54,854 | 56,352 | 35,503 | 37,948 | -20,025 | -9,704 | 37,929 | -10,877 | 4,232 | 29,876 | 48,742 | |
67/77 |
5,172 | 4,997 | 15,930 | 15,912 | 10,410 | 3,377 | 200 | 225 | 13,070 | 3,269 | 1,782 | 9,098 | 15,204 | |
9904 |
11,836 | 9,647 | 38,925 | 40,440 | 25,093 | 34,571 | -20,225 | -9,929 | 24,859 | -14,147 | 2,450 | 20,778 | 33,538 | |
9905 |
11,836 | 9,647 | 38,925 | 40,440 | 25,093 | 34,571 | -20,225 | -9,929 | 24,859 | -14,147 | 2,450 | 20,778 | 33,538 | |
| Appropriation of the result | ||||||||||||||
9906 |
11,836 | 9,647 | 38,925 | 40,440 | 25,093 | 11,157 | -23,414 | -9,820 | 24,859 | -14,147 | 2,450 | 20,778 | 33,538 | |
14P |
- | - | - | - | 0 | - | - | - | - | - | - | - | - | |
791/2 |
0 | 24,750 | 800 | 34,128 | - | - | - | 6,631 | - | 14,147 | - | - | - | |
691/2 |
11,836 | 9,647 | 38,925 | 40,440 | 25,093 | 10,357 | - | - | 24,750 | - | 2,450 | 20,778 | 33,538 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | 1,860 | |
6921 |
11,836 | 9,647 | 38,925 | 40,440 | 25,093 | 10,357 | - | - | 24,750 | - | 2,450 | 20,778 | 31,678 | |
694/7 |
0 | 24,750 | 800 | 34,128 | 0 | 800 | - | - | - | - | - | - | - | |
694 |
0 | 24,750 | 800 | 34,128 | 0 | 800 | - | - | - | - | - | - | - | |
| Document | ||||||||||||||
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 07-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 07-07-2026 | 2026-00260190 | |
| 31-12-2024 | micro format | 17-06-2025 | 2025-00143227 | |
| 31-12-2023 | micro format | 25-06-2024 | 2024-00162136 | |
| 31-12-2022 | micro format | 07-07-2023 | 2023-00212553 | |
| 31-12-2021 | micro format | 13-06-2022 | 2022-20057924 | |
| 31-12-2020 | micro format | 09-07-2021 | 2021-33300242 | |
| 31-12-2019 | micro format | 30-07-2020 | 2020-38900063 | |
| 31-12-2018 | micro format | 30-07-2019 | 2019-43200545 | |
| 31-12-2017 | micro format | 29-08-2018 | 2018-61200177 | |
| 31-12-2016 | micro format | 30-08-2017 | 2017-55700037 | |
| 31-12-2015 | abbreviated format | 18-07-2016 | 2016-33000253 | |
| 31-12-2014 | abbreviated format | 30-07-2015 | 2015-37400368 | |
| 31-12-2013 | abbreviated format | 09-07-2014 | 2014-28800181 |
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 1 | €283 | €283 |
| 2023 | 1 | €252 | €252 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12,788 | 16,650 | 55,232 | 55,886 | 35,629 | 38,164 | -19,369 | -8,984 | 39,236 | -8,966 | 7,192 | 32,744 | 50,636 | ||
| 14,219 | 11,016 | 39,006 | 40,521 | 25,175 | 34,652 | -19,607 | -9,311 | 26,219 | -12,479 | 4,327 | 22,505 | 35,320 | ||
| 0 | 8,779 | 0 | 0 | 0 | -0 | 0 | 0 | 1,610 | 0 | 1,463 | 1,411 | 5,573 | ||
| 86,595 | -66,007 | 41,038 | 20,468 | -22,626 | 44,132 | -45,485 | -7,428 | 33,368 | 17,475 | -43,413 | 29,644 | - | ||
| 150,859 | 136,631 | 159,143 | 120,937 | 114,544 | 89,369 | 55,518 | 75,125 | 84,436 | 59,827 | 72,305 | 69,441 | 48,347 | ||
| 85.3% | 89.5% | 91.6% | 90.8% | 94.3% | 77.9% | 86.6% | 69.4% | 70.8% | 72.5% | 85.9% | 61.9% | 65.0% | ||
| 6.61 | 9.11 | 11.96 | 10.86 | 17.64 | 4.50 | 7.43 | 3.23 | 3.38 | 3.57 | 6.84 | 2.55 | 2.72 | ||
| 6.61 | 9.11 | 11.96 | 10.86 | 17.64 | 4.45 | 6.94 | 3.08 | 3.24 | 3.32 | 6.38 | 2.44 | 2.55 | ||
| 0.17 | 0.12 | 0.09 | 0.10 | 0.06 | 0.28 | 0.15 | 0.44 | 0.41 | 0.38 | 0.16 | 0.61 | 0.54 | ||
| 7.6% | 6.7% | 24.4% | 33.4% | 21.9% | 38.5% | -36.2% | -13.0% | 28.9% | -23.1% | 3.3% | 28.5% | 64.3% | ||
| 6.5% | 6.0% | 22.4% | 30.3% | 20.6% | 30.0% | -31.3% | -9.0% | 20.5% | -16.7% | 2.8% | 17.7% | 41.8% | ||
| 10.52 | 16.88 | 95.29 | over 100 | 91.52 | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €8,779 | - | - | - |
| €2,383 | €1,369 | €81 | €81 | €81 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 32% lower than in 2024 and the lowest since 2019. It is the third fall in a row.
Debt's share of the balance-sheet total rises from 10.5% to 14.7%. Equity and debt are higher.
LEAN FACTOR has no parent and no holdings in its annual accounts. is the only director. LEAN FACTOR shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Vijfstraten 3 registered office 3140 Keerbergen | 23-08-2012 | 2.213.386.481 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 24472F0261/00E008 | 1,405 m² | 1 · 187 m² | 6.1 m · 1 |
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