LEVECQ
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 23-03-2026 PDF all 2 filings
Amounts without an identifiable currency are taken as euros.
Every figure per financial year
The operating result for 2025 is 90% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 30-09-2024 | 30-09-2025 |
|---|---|---|
| Tangible fixed assets | €1,377 | - |
| Depreciation and write-downs of the year | €204 | €495 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Non-recurring operating income76A | - | €1,247 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €204 | €495 | ▲ 143% |
| Other operating charges640/8 | €1,612 | €1,173 | ▼ 27.3% |
| Gross operating margin9900 | €12,821 | €2,797 | ▼ 78.2% |
| Operating profit (loss)9901 | €11,005 | €1,129 | ▼ 89.7% |
| Financial income75/76B | - | €35 | - |
| Recurring financial income75 | - | €35 | - |
| Financial charges65/66B | €1,502 | €1,918 | ▲ 27.6% |
| Recurring financial charges65 | €1,502 | €1,918 | ▲ 27.6% |
| Profit (loss) for the period before taxes9903 | €9,502 | -€753 | - |
| Income taxes67/77 | €2,492 | €494 | ▼ 80.2% |
| Profit (loss) for the period9904 | €7,010 | -€1,247 | - |
| Profit (loss) for the period to be appropriated9905 | €7,010 | -€1,247 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €19,992 | €17,702 | ▼ 11.5% |
| Formation expenses20 | €923 | €703 | ▼ 23.8% |
| Fixed assets21/28 | €1,349 | €1,074 | ▼ 20.4% |
| Tangible fixed assets22/27 | €1,349 | €1,074 | ▼ 20.4% |
| Furniture and vehicles24 | €1,349 | €1,074 | ▼ 20.4% |
| Current assets29/58 | €17,720 | €15,925 | ▼ 10.1% |
| Amounts receivable within one year40/41 | €6,180 | €7,511 | ▲ 21.5% |
| Trade receivables40 | €2,188 | €3,389 | ▲ 54.9% |
| Other amounts receivable41 | €3,992 | €4,122 | ▲ 3.3% |
| Cash at bank and in hand54/58 | €10,649 | €7,523 | ▼ 29.4% |
| Deferred charges and accrued income490/1 | €891 | €891 | = |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €19,992 | €17,702 | ▼ 11.5% |
| Equity10/15 | €9,010 | €7,763 | ▼ 13.8% |
| Contributions10/11 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €7,010 | €5,763 | ▼ 17.8% |
| Amounts payable17/49 | €10,982 | €9,940 | ▼ 9.5% |
| Amounts payable within one year42/48 | €10,982 | €9,940 | ▼ 9.5% |
| Trade debts44 | €5,103 | €4,830 | ▼ 5.4% |
| Suppliers440/4 | €5,103 | €4,830 | ▼ 5.4% |
| Taxes, remuneration and social security45 | €5,879 | €5,110 | ▼ 13.1% |
| Taxes450/3 | €5,879 | €3,164 | ▼ 46.2% |
| Remuneration and social security454/9 | - | €1,946 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €7,010 | -€1,247 | - |
| + Depreciation and write-downs630 | €204 | €495 | ▲ 143% |
| Operating cash flow (approximation) | €7,214 | -€752 | - |
| Investment in fixed assets (approximation) | - | -€220 | - |
| Change in cash | - | -€3,126 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 2,145 companies had the same profile as LEVECQ has now. Two years later, 91.7% were still going and 2.2% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a small loss
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LEVECQ itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,446 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 2,145 companies, not a prediction for LEVECQ. 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.