LEE & WHITE
ActiveSummary
LEE & WHITE has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €41,573 and a net result of -€16,336. Equity is growing by ~3.5% per year across the filed fiscal years. Its solvency ranks better than 35% of 32023 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability11▼-59
Solvency62▼-21
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity ample (current ratio 2.02 against 1.89 in 2024; short-term debt: 26.3% and cash: 1.3% of total assets), but 62.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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 · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
37.3%
Return on assets
-14.6%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 02-04-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
30 d early
2023
on the day
2022
8 d late
2021
11 d early
2020
42 d early
2019
on the day
← 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 15 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 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 19 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close30-09-2026 today30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€41,573▼ 28.2%
2024 · €57,910
Total assets
€111,591▲ 11.7%
2024 · €99,921
Net result
-€16,336
2024 · €831
Working capital
€30,050▼ 6.4%
2024 · €32,106
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: 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. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€22,722▼ 22.7%€2,795▼ 87.7%€2,489▼ 11.0%€1,921▼ 22.8%-€14,935
Net result€17,668within the sector's middle half▼ 27.7%€689below the sector's middle half▼ 96.1%€428below the sector's middle half▼ 37.8%€831below the sector's middle half▲ 94.0%-€16,336below the sector's middle half
Equity€55,961within the sector's middle half▲ 46.1%€56,650within the sector's middle half▲ 1.2%€57,078within the sector's middle half▲ 0.8%€57,910within the sector's middle half▲ 1.5%€41,573within the sector's middle half▼ 28.2%
Total assets€135,687within the sector's middle half▲ 0.7%€127,239within the sector's middle half▼ 6.2%€107,951within the sector's middle half▼ 15.2%€99,921within the sector's middle half▼ 7.4%€111,591within the sector's middle half▲ 11.7%
Debt€79,726▼ 17.4%€70,589▼ 11.5%€50,872▼ 27.9%€42,012▼ 17.4%€70,018▲ 66.7%
Working capital€19,095within the sector's middle half▲ 175%€19,809within the sector's middle half▲ 3.7%€24,381within the sector's middle half▲ 23.1%€32,106within the sector's middle half▲ 31.7%€30,050within the sector's middle half▼ 6.4%
Solvency41.2%within the sector's middle half▲ 12.8pp44.5%within the sector's middle half▲ 3.3pp52.9%within the sector's middle half▲ 8.4pp58.0%within the sector's middle half▲ 5.1pp37.3%within the sector's middle half▼ 20.7pp
Current ratio1.63within the sector's middle half▲ 0.521.53within the sector's middle half▼ 0.101.72within the sector's middle half▲ 0.201.89within the sector's middle half▲ 0.172.02within the sector's middle half▲ 0.13
Return on assets (ROA)13.0%within the sector's middle half▼ 5.1pp0.5%below the sector's middle half▼ 12.5pp0.4%below the sector's middle half▼ 0.1pp0.8%below the sector's middle half▲ 0.4pp-14.6%below the sector's middle half▼ 15.5pp
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 turns negative in 2025: a loss of €14,935 after €1,921 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €111,591
Fixed assets
€52,224 ▲ 63.5%
Current assets
€59,367 ▼ 12.7%
Equity and liabilities €111,591
Equity
€41,573 ▼ 28.2%
Debt
€70,018 ▲ 66.7%
Debt's share of the balance-sheet total rises from 42.0% to 62.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€3,330▼
2024 · €23,223
Cash flow
€1,929▼
2024 · €22,134
Debt to equity
1.68▲
2024 · 0.73
ROE
-39.3%▼
2024 · 1.4%
Interest coverage
1.32▼
2024 · 52.31
Debt ≤ 1 year
€29,318▼
2024 · €35,877
Debt > 1 year
€36,097▲
2024 · €6,119
Income taxes
€293▼
2024 · €1,900
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,834 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.7%
went bankrupt
13%
stopped otherwise
84%
still going
A further 0.4% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 5,834 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €2,084 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,936 | €20,064 | €21,236 | €21,303 | €18,265 | ▼ 14.3% |
| Other operating charges640/8 | €1,650 | €741 | €805 | €1,058 | €57 | ▼ 94.6% |
| Non-recurring operating charges66A | - | - | - | €2 | €0 | ▼ 100% |
| Gross operating margin9900 | €38,308 | €23,600 | €24,531 | €24,283 | €3,388 | ▼ 86.0% |
| Operating profit (loss)9901 | €22,722 | €2,795 | €2,489 | €1,921 | -€14,935 | ▼ 878% |
| Financial income75/76B | €977 | €981 | €996 | €1,254 | €1,414 | ▲ 12.8% |
| Recurring financial income75 | €977 | €981 | €996 | €1,254 | €1,414 | ▲ 12.8% |
| Financial charges65/66B | €960 | €1,133 | €983 | €444 | €2,522 | ▲ 468% |
| Recurring financial charges65 | €960 | €1,133 | €983 | €444 | €2,522 | ▲ 468% |
| Profit (loss) for the period before taxes9903 | €22,739 | €2,643 | €2,501 | €2,731 | -€16,043 | ▼ 687% |
| Income taxes67/77 | €5,071 | €1,954 | €2,073 | €1,900 | €293 | ▼ 84.6% |
| Profit (loss) for the period9904 | €17,668 | €689 | €428 | €831 | -€16,336 | ▼ 2,066% |
| Profit (loss) for the period to be appropriated9905 | €17,668 | €689 | €428 | €831 | -€16,336 | ▼ 2,066% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €135,687 | €127,239 | €107,951 | €99,921 | €111,591 | ▲ 11.7% |
| Fixed assets21/28 | €86,131 | €69,893 | €49,910 | €31,938 | €52,224 | ▲ 63.5% |
| Tangible fixed assets22/27 | €83,131 | €66,893 | €46,910 | €28,938 | €49,224 | ▲ 70.1% |
| Land and buildings22 | €4,065 | €4,336 | €3,894 | €4,384 | €3,849 | ▼ 12.2% |
| Furniture and vehicles24 | €70,009 | €55,282 | €37,523 | €20,390 | €42,514 | ▲ 109% |
| Other tangible fixed assets26 | €9,057 | €7,275 | €5,493 | €4,164 | €2,861 | ▼ 31.3% |
| Financial fixed assets28 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Current assets29/58 | €49,556 | €57,347 | €58,041 | €67,983 | €59,367 | ▼ 12.7% |
| Amounts receivable within one year40/41 | €30,845 | €53,971 | €37,014 | €44,734 | €57,149 | ▲ 27.8% |
| Trade receivables40 | €18,634 | €38,175 | €18,019 | €21,430 | €23,096 | ▲ 7.8% |
| Other amounts receivable41 | €12,211 | €15,795 | €18,995 | €23,304 | €34,054 | ▲ 46.1% |
| Cash at bank and in hand54/58 | €15,710 | €1,140 | €16,719 | €19,707 | €1,457 | ▼ 92.6% |
| Deferred charges and accrued income490/1 | €3,001 | €2,236 | €4,308 | €3,542 | €761 | ▼ 78.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €135,687 | €127,239 | €107,951 | €99,921 | €111,591 | ▲ 11.7% |
| Equity10/15 | €55,961 | €56,650 | €57,078 | €57,910 | €41,573 | ▼ 28.2% |
| Contributions10/11 | €8,700 | €8,700 | €8,700 | €8,700 | €8,700 | = |
| Reserves13 | €29,594 | €29,594 | €29,594 | €29,594 | €29,594 | = |
| Non-distributable reserves130/1 | €1,855 | €1,855 | €1,855 | €0 | - | - |
| Reserves not available under the articles1311 | €1,855 | €1,855 | €1,855 | €0 | - | - |
| Distributable reserves133 | €27,739 | €27,739 | €27,739 | €29,594 | €29,594 | = |
| Profit (loss) carried forward14 | €17,668 | €18,356 | €18,785 | €19,616 | €3,280 | ▼ 83.3% |
| Amounts payable17/49 | €79,726 | €70,589 | €50,872 | €42,012 | €70,018 | ▲ 66.7% |
| Amounts payable after more than one year17 | €48,512 | €32,892 | €17,106 | €6,119 | €36,097 | ▲ 490% |
| Financial debts170/4 | €48,512 | €32,892 | €17,106 | €6,119 | €36,097 | ▲ 490% |
| Amounts payable within one year42/48 | €30,462 | €37,537 | €33,660 | €35,877 | €29,318 | ▼ 18.3% |
| Current portion of amounts payable after more than one year42 | €15,454 | €15,619 | €15,786 | €10,987 | €10,704 | ▼ 2.6% |
| Trade debts44 | €555 | €2,319 | €3,134 | €7,390 | €7,896 | ▲ 6.8% |
| Suppliers440/4 | €555 | €2,319 | €3,134 | €7,390 | €7,896 | ▲ 6.8% |
| Taxes, remuneration and social security45 | €14,452 | €19,599 | €14,740 | €17,500 | €10,718 | ▼ 38.8% |
| Taxes450/3 | €14,452 | €14,499 | €14,740 | €17,500 | €10,718 | ▼ 38.8% |
| Remuneration and social security454/9 | €0 | €5,100 | €0 | - | - | - |
| Other amounts payable47/48 | €0 | - | - | - | - | - |
| Accrued charges and deferred income492/3 | €752 | €160 | €106 | €16 | €4,603 | ▲ 29,408% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,668 | €689 | €428 | €831 | -€16,336 | ▼ 2,066% |
| + Depreciation and write-downs630 | €13,936 | €20,064 | €21,236 | €21,303 | €18,265 | ▼ 14.3% |
| Operating cash flow (approximation) | €31,604 | €20,753 | €21,665 | €22,134 | €1,929 | ▼ 91.3% |
| Investment in fixed assets (approximation) | - | -€3,826 | -€1,253 | -€3,331 | -€38,551 | ▼ 1,057% |
| Change in cash | - | -€14,570 | €15,578 | €2,989 | -€18,250 | ▼ 711% |
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
02-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet -€16,336
Net result drops to -€16,336, the lowest in the series.
31-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
08-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 8 days late
2022
19-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
19-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Highest result since 2018net €24,439 ▲753%
Operating result €29,380, net result €24,439, both a record.
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 2 days late
2017
20-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Jabbeke · 1 establishment unit since 2004
Ground area
1,083 m²
Building footprint
224 m²
Volume, LiDAR
1,118 m³
Parcel 31442C0539/00C002, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Lee & White Consultants
since 20042.138.765.668
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31442C0539/00C002 | Flanders | 1,083 m² | 1 · 224 m² | 8.4 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 82,641 companies in sector 70200 we hold annual accounts for 52,636. 37,026 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
Founded19-07-2004
Fiscal year end30-09
Activities, NACEBEL 2025
70200Business and other management consultancy
62200Computer consultancy and computer facilities management
E-invoicing
Reachable via Peppol
Peppol ID
0208:0866448441
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.