LEGACY
ActiveSummary
LEGACY has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €39,348 and a net result of €16,537. Equity is growing by ~66.8% per year across the filed fiscal years. Its solvency ranks better than 59% of 1918 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability97▲+6
Solvency80▲+25
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity ample (current ratio 2.04 against 1.31 in 2024; short-term debt: 45.3% and cash: 2.8% of total assets), and 45.3% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more 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
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
54.7%
Return on assets
23%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 20-01-2026, 11 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
11 d early
2024
2 d early
2023
16 d early
2022
5 d early
2021
12 d early
2020
2 d early
2017
82 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 after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 20 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€39,348▲ 72.5%
2024 · €22,812
Total assets
€71,956▼ 6.6%
2024 · €77,069
Net result
€16,537▲ 18.8%
2024 · €13,915
Working capital
€34,008▲ 108%
2024 · €16,387
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, 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€6,348€651▼ 89.7%€711▲ 9.1%€19,059▲ 2,582%€22,561▲ 18.4%
Net result€6,148within the sector's middle half€314below the sector's middle half▼ 94.9%€425within the sector's middle half▲ 35.4%€13,915within the sector's middle half▲ 3,178%€16,537within the sector's middle half▲ 18.8%
Equity€8,159below the sector's middle half▲ 306%€8,472below the sector's middle half▲ 3.8%€8,897below the sector's middle half▲ 5.0%€22,812within the sector's middle half▲ 156%€39,348within the sector's middle half▲ 72.5%
Total assets€16,965below the sector's middle half▲ 88.9%€31,590below the sector's middle half▲ 86.2%€27,817below the sector's middle half▼ 11.9%€77,069below the sector's middle half▲ 177%€71,956below the sector's middle half▼ 6.6%
Debt€8,806▲ 26.4%€23,118▲ 163%€18,920▼ 18.2%€54,257▲ 187%€32,607▼ 39.9%
Working capital€8,159within the sector's middle half▲ 306%-€634within the sector's middle half-€1,812within the sector's middle half▼ 186%€16,387within the sector's middle half€34,008within the sector's middle half▲ 108%
Solvency48.1%within the sector's middle half▲ 25.7pp26.8%within the sector's middle half▼ 21.3pp32.0%within the sector's middle half▲ 5.2pp29.6%within the sector's middle half▼ 2.4pp54.7%within the sector's middle half▲ 25.1pp
Current ratio1.93within the sector's middle half▲ 0.640.97below the sector's middle half▼ 0.950.90below the sector's middle half▼ 0.071.31within the sector's middle half▲ 0.412.04within the sector's middle half▲ 0.73
Return on assets (ROA)36.2%above the sector's middle half▲ 125.4pp1.0%within the sector's middle half▼ 35.2pp1.5%within the sector's middle half▲ 0.5pp18.1%above the sector's middle half▲ 16.5pp23.0%above the sector's middle half▲ 4.9pp
above
within
below
the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, 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
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 18% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €71,956
Fixed assets
€5,340 ▼ 33.5%
Current assets
€66,616 ▼ 3.5%
Equity and liabilities €71,956
Equity
€39,348 ▲ 72.5%
Debt
€32,607 ▼ 39.9%
Debt's share of the balance-sheet total falls from 70.4% to 45.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€25,245▲
2024 · €21,744
Cash flow
€19,221▲
2024 · €16,599
Debt to equity
0.83▼
2024 · 2.38
ROE
42.0%▼
2024 · 61.0%
Interest coverage
94.39▲
2024 · 77.25
Debt ≤ 1 year
€32,607▼
2024 · €52,657
Income taxes
€5,756▲
2024 · €4,863
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 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% | 1.9% |
| 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 34,696 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 | - | - | €800 | €0 | €12,500 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €194 | €2,520 | €2,685 | €2,685 | = |
| Other operating charges640/8 | - | €713 | €723 | €1,062 | €531 | ▼ 50.0% |
| Gross operating margin9900 | €6,998 | €1,558 | €3,953 | €22,806 | €25,777 | ▲ 13.0% |
| Operating profit (loss)9901 | €6,348 | €651 | €711 | €19,059 | €22,561 | ▲ 18.4% |
| Financial charges65/66B | - | €338 | €286 | €281 | €267 | ▼ 5.0% |
| Recurring financial charges65 | €200 | €338 | €286 | €281 | €267 | ▼ 5.0% |
| Profit (loss) for the period before taxes9903 | €6,148 | €314 | €425 | €18,778 | €22,293 | ▲ 18.7% |
| Income taxes67/77 | - | - | - | €4,863 | €5,756 | ▲ 18.4% |
| Profit (loss) for the period9904 | €6,148 | €314 | €425 | €13,915 | €16,537 | ▲ 18.8% |
| Profit (loss) for the period to be appropriated9905 | €6,148 | €314 | €425 | €13,915 | €16,537 | ▲ 18.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €16,965 | €31,590 | €27,817 | €77,069 | €71,956 | ▼ 6.6% |
| Fixed assets21/28 | - | €9,106 | €10,709 | €8,025 | €5,340 | ▼ 33.5% |
| Intangible fixed assets21 | - | €9,106 | €10,709 | €8,025 | €5,340 | ▼ 33.5% |
| Current assets29/58 | €16,965 | €22,484 | €17,107 | €69,044 | €66,616 | ▼ 3.5% |
| Amounts receivable within one year40/41 | €16,965 | €21,206 | €16,206 | €66,173 | €64,585 | ▼ 2.4% |
| Trade receivables40 | - | €17,370 | €14,745 | €65,024 | €64,389 | ▼ 1.0% |
| Other amounts receivable41 | - | €3,835 | €1,460 | €1,149 | €196 | ▼ 82.9% |
| Cash at bank and in hand54/58 | - | €1,278 | €902 | €2,871 | €2,017 | ▼ 29.7% |
| Deferred charges and accrued income490/1 | - | - | - | - | €14 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €16,965 | €31,590 | €27,817 | €77,069 | €71,956 | ▼ 6.6% |
| Equity10/15 | €8,159 | €8,472 | €8,897 | €22,812 | €39,348 | ▲ 72.5% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €414 | €414 | €414 | €414 | €414 | = |
| Non-distributable reserves130/1 | - | €414 | €414 | €0 | - | - |
| Reserves not available under the articles1311 | - | €414 | €414 | €0 | - | - |
| Distributable reserves133 | - | - | - | €414 | €414 | = |
| Profit (loss) carried forward14 | €1,545 | €1,859 | €2,283 | €16,198 | €32,735 | ▲ 102% |
| Amounts payable17/49 | €8,806 | €23,118 | €18,920 | €54,257 | €32,607 | ▼ 39.9% |
| Amounts payable within one year42/48 | €8,806 | €23,118 | €18,920 | €52,657 | €32,607 | ▼ 38.1% |
| Financial debts43 | - | €0 | - | - | - | - |
| Credit institutions430/8 | - | €0 | - | - | - | - |
| Trade debts44 | €1,262 | €2,256 | €417 | €23,322 | €23,193 | ▼ 0.6% |
| Suppliers440/4 | - | €2,256 | €417 | €23,322 | €23,193 | ▼ 0.6% |
| Taxes, remuneration and social security45 | - | €1,116 | €0 | €10,770 | €3,350 | ▼ 68.9% |
| Taxes450/3 | - | €1,116 | €0 | €10,770 | €3,350 | ▼ 68.9% |
| Other amounts payable47/48 | - | €19,746 | €18,503 | €18,565 | €6,065 | ▼ 67.3% |
| Accrued charges and deferred income492/3 | - | - | - | €1,600 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,148 | €314 | €425 | €13,915 | €16,537 | ▲ 18.8% |
| + Depreciation and write-downs630 | - | €194 | €2,520 | €2,685 | €2,685 | = |
| Operating cash flow (approximation) | €6,148 | €507 | €2,944 | €16,599 | €19,221 | ▲ 15.8% |
| Investment in fixed assets (approximation) | - | - | -€4,123 | €0 | €0 | - |
| Change in cash | - | - | -€376 | €1,969 | -€854 | ▼ 143% |
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
20-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Highest result since 2020net €16,537 ▲18.8%
Operating result €22,561, net result €16,537, both a record.
29-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
15-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
19-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Back to profitnet €6,148
Net result €6,148 after one loss-making year.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2018
23-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 82 days late
2017
28-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
2016
29-02
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 29 days late
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, Nazareth-De Pinte · 1 establishment unit since 2014
Ground area
221 m²
Building footprint
118 m²
Volume, LiDAR
442 m³
Parcel 44018A0002/00P000, Flanders · tallest building 5.4 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
SCAFF TEAM
since 20142.228.777.809
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44018A0002/00P000 | Flanders | 221 m² | 1 · 118 m² | 5.4 m · 1 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 3,983 companies in sector 25110 we hold annual accounts for 2,145. 1,338 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
Founded10-03-2014
Fiscal year end30-06
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
E-invoicing
Reachable via Peppol
Peppol ID
0208:0547791860
Also
9925:BE0547791860
Registered
15-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.