LEGALTHENA
ActiveSummary
LEGALTHENA has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-54k) and a net result of €-14k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 12738 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.55 against 0.68 in 2024; short-term debt: 172.5% and cash: 26.3% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Six 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 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
-104.9%
Return on assets
-27.3%
Age of the figures
9 mo
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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-54k
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 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
on the day
2023
22 d late
2022
18 d early
2021
4 d early
2020
4 d early
2019
2 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-54k▼ 35.2%
2024 · €-40k
2018: €15k
2019: €16k▲ +8.2% vs 2018
2020: €7k▼ -54.9% vs 2019
2021: €-8k▼ -206% vs 2020
2022: €-8k▲ +3.7% vs 2021
2023: €19k▲ +346% vs 2022highest in 8 years
2024: €-40k▼ -314% vs 2023
2025: €-54k▼ -35.2% vs 2024lowest in 8 years
2018 → 2025
Total assets
€51k▲ 3.7%
2024 · €49k
2018: €38k
2019: €40k▲ +6.0% vs 2018
2020: €34k▼ -15.9% vs 2019
2021: €30k▼ -11.6% vs 2020
2022: €25k▼ -18.3% vs 2021lowest in 8 years
2023: €76k▲ +211% vs 2022highest in 8 years
2024: €49k▼ -35.5% vs 2023
2025: €51k▲ +3.7% vs 2024
2018 → 2025
Net result
€-14k▲ 76.0%
2024 · €-58k
2018: €10k
2019: €1k▼ -87.8% vs 2018
2020: €-9k▼ -829% vs 2019
2021: €-15k▼ -69.1% vs 2020
2022: €290▲ +102% vs 2021
2023: €26k▲ +8870% vs 2022highest in 8 years
2024: €-58k▼ -323% vs 2023lowest in 8 years
2025: €-14k▲ +76.0% vs 2024
2018 → 2025
Working capital
€-40k▼ 79.4%
2024 · €-22k
2018: €9k
2019: €13k▲ +38.6% vs 2018
2020: €3k▼ -79.5% vs 2019
2021: €604▼ -77.5% vs 2020
2022: €3k▲ +365% vs 2021
2023: €33k▲ +1060% vs 2022highest in 8 years
2024: €-22k▼ -168% vs 2023
2025: €-40k▼ -79.4% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-8k-€-8k▲ 3.7%€19k€-40k€-54k▼ 35.2%
2021: €-8k
2022: €-8k▲ +3.7% vs 2021
2023: €19k▲ +346% vs 2022highest in 5 years
2024: €-40k▼ -314% vs 2023
2025: €-54k▼ -35.2% vs 2024lowest in 5 years
Operating result€-15k-€1k€29k▲ 2,026%€-57k€-13k▲ 77.9%
2021: €-15k
2022: €1k▲ +109% vs 2021
2023: €29k▲ +2026% vs 2022highest in 5 years
2024: €-57k▼ -296% vs 2023lowest in 5 years
2025: €-13k▲ +77.9% vs 2024
Net result€-15k-€290€26k▲ 8,870%€-58k€-14k▲ 76.0%
2021: €-15k
2022: €290▲ +102% vs 2021
2023: €26k▲ +8870% vs 2022highest in 5 years
2024: €-58k▼ -323% vs 2023lowest in 5 years
2025: €-14k▲ +76.0% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €13k in 2025 against €57k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €51k
Fixed assets
€3k ▲ 265%
Current assets
€48k ▼ 0.6%
Key figures and ratios
EBITDA
€-12k▲
2024 · €-56k
Cash flow
€-14k▲
2024 · €-57k
Solvency
-104.9%▼
2024 · -80.5%
Current ratio
0.55▼
2024 · 0.68
Debt to equity
-1.95▲
2024 · -2.24
ROA
-27.3%▲
2024 · -118.0%
Interest coverage
-10.46▲
2024 · -41.54
Debt
€105k▲
2024 · €89k
Debt ≤ 1 year
€88k▲
2024 · €71k
Debt > 1 year
€16k▲
2024 · €15k
Income taxes
€132▼
2024 · €257
Staff costs
€23k▲
2024 · €16k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€49k€51k▲
Fixed assets21/28€810€3k▲
Tangible fixed assets22/27€710€3k▲
Furniture and vehicles24€710€3k▲
Financial fixed assets28€100€100=
Current assets29/58€48k€48k▼
Amounts receivable after more than one year29€1k€1k=
Other amounts receivable291€1k€1k=
Amounts receivable within one year40/41€31k€27k▼
Trade receivables40€31k€27k▼
Cash at bank and in hand54/58€13k€13k▲
Deferred charges and accrued income490/1€3k€7k▲
Equity and liabilities
Total equity and liabilities10/49€49k€51k▲
Equity10/15€-40k€-54k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€-60k€-74k▼
Amounts payable17/49€89k€105k▲
Amounts payable after more than one year17€15k€16k▲
Trade debts175€15k€16k▲
Amounts payable within one year42/48€71k€88k▲
Financial debts43-€25k
Other loans439-€25k
Trade debts44€59k€51k▼
Suppliers440/4€59k€51k▼
Advances received on contracts in progress46-€185
Taxes, remuneration and social security45€12k€12k▲
Taxes450/3€4k€4k▲
Remuneration and social security454/9€8k€8k▲
Accrued charges and deferred income492/3€3k€856▼
Income statement
Code20242025
Remuneration, social security and pensions62€16k€23k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€819€328▼
Other operating charges640/8€798€1k▲
Gross operating margin9900€-40k€12k▲
Operating profit (loss)9901€-57k€-13k▲
Financial income75/76B€723-
Recurring financial income75€723-
Financial charges65/66B€1k€1k▼
Recurring financial charges65€1k€1k▼
Profit (loss) for the period before taxes9903€-58k€-14k▲
Income taxes67/77€257€132▼
Profit (loss) for the period9904€-58k€-14k▲
Profit (loss) for the period to be appropriated9905€-58k€-14k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-60k€-74k▼
Profit (loss) brought forward from the previous period14P€-2k€-60k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €14k | €13k | €13k | €16k | €23k | ▲ 48.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €1k | €1k | €819 | €328 | ▼ 60.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €383 | - | - | - | - |
| Other operating charges640/8 | €2k | €3k | €3k | €798 | €1k | ▲ 86.1% |
| Non-recurring operating charges66A | €1k | €32 | - | - | - | - |
| Gross operating margin9900 | €4k | €19k | €46k | €-40k | €12k | ▲ 131% |
| Operating profit (loss)9901 | €-15k | €1k | €29k | €-57k | €-13k | ▲ 77.9% |
| Financial income75/76B | - | €45 | €114 | €723 | - | - |
| Recurring financial income75 | - | €45 | €114 | €723 | - | - |
| Financial charges65/66B | €204 | €1k | €1k | €1k | €1k | ▼ 13.4% |
| Recurring financial charges65 | €204 | €1k | €1k | €1k | €1k | ▼ 13.4% |
| Profit (loss) for the period before taxes9903 | €-15k | €387 | €28k | €-58k | €-14k | ▲ 76.1% |
| Income taxes67/77 | €0 | €97 | €2k | €257 | €132 | ▼ 48.6% |
| Profit (loss) for the period9904 | €-15k | €290 | €26k | €-58k | €-14k | ▲ 76.0% |
| Profit (loss) for the period to be appropriated9905 | €-15k | €290 | €26k | €-58k | €-14k | ▲ 76.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €30k | €25k | €76k | €49k | €51k | ▲ 3.7% |
| Fixed assets21/28 | €3k | €3k | €2k | €810 | €3k | ▲ 265% |
| Tangible fixed assets22/27 | €3k | €3k | €2k | €710 | €3k | ▲ 302% |
| Furniture and vehicles24 | €3k | €3k | €2k | €710 | €3k | ▲ 302% |
| Financial fixed assets28 | €175 | €100 | €100 | €100 | €100 | = |
| Current assets29/58 | €27k | €21k | €75k | €48k | €48k | ▼ 0.6% |
| Amounts receivable after more than one year29 | €1k | €1k | €1k | €1k | €1k | = |
| Other amounts receivable291 | €1k | €1k | €1k | €1k | €1k | = |
| Amounts receivable within one year40/41 | €18k | €14k | €59k | €31k | €27k | ▼ 12.9% |
| Trade receivables40 | €17k | €14k | €57k | €31k | €27k | ▼ 12.9% |
| Other amounts receivable41 | €742 | €179 | €2k | - | - | - |
| Cash at bank and in hand54/58 | €8k | €5k | €8k | €13k | €13k | ▲ 0.6% |
| Deferred charges and accrued income490/1 | - | €2k | €6k | €3k | €7k | ▲ 111% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €30k | €25k | €76k | €49k | €51k | ▲ 3.7% |
| Equity10/15 | €-8k | €-8k | €19k | €-40k | €-54k | ▼ 35.2% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €20k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €20k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €20k | €2k | - | - | - | - |
| Distributable reserves133 | - | - | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €-28k | €-28k | €-2k | €-60k | €-74k | ▼ 23.2% |
| Amounts payable17/49 | €38k | €32k | €58k | €89k | €105k | ▲ 17.8% |
| Amounts payable after more than one year17 | €11k | €13k | €15k | €15k | €16k | ▲ 2.8% |
| Trade debts175 | €11k | €13k | €15k | €15k | €16k | ▲ 2.8% |
| Amounts payable within one year42/48 | €26k | €19k | €42k | €71k | €88k | ▲ 24.6% |
| Financial debts43 | - | - | - | - | €25k | - |
| Other loans439 | - | - | - | - | €25k | - |
| Trade debts44 | €11k | €11k | €23k | €59k | €51k | ▼ 13.5% |
| Suppliers440/4 | €11k | €11k | €23k | €59k | €51k | ▼ 13.5% |
| Advances received on contracts in progress46 | - | €1k | €2k | - | €185 | - |
| Taxes, remuneration and social security45 | €12k | €6k | €17k | €12k | €12k | ▲ 1.7% |
| Taxes450/3 | €5k | €3k | €14k | €4k | €4k | ▲ 1.3% |
| Remuneration and social security454/9 | €7k | €3k | €3k | €8k | €8k | ▲ 1.9% |
| Other amounts payable47/48 | €3k | €818 | €661 | - | - | - |
| Accrued charges and deferred income492/3 | €428 | €428 | €428 | €3k | €856 | ▼ 70.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-15k | €290 | €26k | €-58k | €-14k | ▲ 76.0% |
| + Depreciation and write-downs630 | €1k | €1k | €1k | €819 | €328 | ▼ 60.0% |
| Operating cash flow (approximation) | €-14k | €2k | €27k | €-57k | €-14k | ▲ 76.2% |
| Investment in fixed assets (approximation) | - | €-886 | €0 | €0 | €-2k | - |
| Change in cash | - | €-3k | €3k | €5k | €83 | ▼ 98.5% |
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
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-58k
Net result drops to €-58k, the lowest in the series; recovery starts the following year.
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
31-12
Financial
Highest result since 2018net €26k ▲8,870%
Operating result €29k, net result €26k, both a record.
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €290
Net result €290 after 2 loss-making years.
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
02-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 2 days late
2019
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · 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, Anderlecht · 1 establishment unit since 2008
Ground area
3.8 ha
Building footprint
1,656 m²
Volume, LiDAR
29,650 m³
2 parcels, Brussels · tallest building 22.5 m, ±6 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Luc-Jean VAN den BROECK
since 20082.252.045.139
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21306C0030/00V000 | Brussels | 3.8 ha | 1 · 1,578 m² | 22.5 m · 6 fl. |
| 21308H0726/00M002 | Brussels | 327 m² | 1 · 78 m² | 10.4 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 22,056 companies in sector 69101 we hold annual accounts for 9,055. 6,006 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
Founded25-09-2007
Fiscal year end31-12
Activities, NACEBEL 2025
69101Activities of lawyers
Scores and ratios are computed by Checked and are not a credit decision.