LEVEL

Inactive

KBO/BCE: BE 0864.954.443

LEVEL was declared bankrupt on 08-12-2017 (Rechtbank van koophandel Leuven); the bankruptcy was closed by liquidation by judgment of 20-10-2022, published in the Belgian Official Gazette on 25-10-2022.

Summary

Inactive; last annual accounts for financial year 2016.

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LEVELInactive

Report

Financials · financial year 2016, abbreviated format

Turnover

≈ €1.9m

Estimated: probably between €1.3m and €3.2m

Total assets

€1.7m▲ 13.0%

2015 · €1.5m

Net result

€28,090▲ 288%

2015 · €7,234

Working capital

€240,846▲ 96.1%

2015 · €122,803

Trend over the years

Last 5 years All years

2012 to 2016, 5 financial years 2012 to 2016, 5 financial years

The operating result recovers in 2016; 2016 is 3.5 times 2015 and is the highest result in the available series.

Turnover and resultEquity and debtWorking capitalStaff

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€0.1m 2016 Net result€0.03m 2016

Every figure with its change against the financial year before

favourable unfavourable

Line20122013201420152016

Operating result€0.02m-€0.08m▲ 228%€0.03m▼ 58.1%€0.03m▼ 15.6%€0.1m▲ 250%

Net result€0.009m-€0.05m▲ 419%€0.005m▼ 88.3%€0.007m▲ 35.2%€0.03m▲ 288%

Equity€0.2m-€0.2m▲ 27.6%€0.2m▲ 2.5%€0.2m▲ 3.3%€0.3m▲ 12.5%

Total assets€0.4m-€1.0m▲ 143%€1.3m▲ 31.1%€1.5m▲ 18.3%€1.7m▲ 13.0%

Debt€0.2m-€0.7m▲ 259%€1.0m▲ 40.8%€1.2m▲ 22.1%€1.4m▲ 15.7%

Working capital€0.1m-€0.2m▲ 39.9%€0.2m▲ 11.5%€0.1m▼ 43.7%€0.2m▲ 96.1%

Staff (FTE)16.6-18.2▲ 9.6%22▲ 20.9%25▲ 13.6%19.9▼ 20.4%

Turnover and EBIT margin not published: the abbreviated format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition

2016 in colour, 2015 as the grey bar beneath

Assets €1.6m

94.6%

Fixed assets €88,004 ▼ 36.4%

Current assets €1.6m ▲ 15.6%

Equity and liabilities €1.7m

15.1%

84.9%

Equity €252,656 ▲ 12.5%

Provisions €0 ▼ 100%

Debt €1.4m ▲ 15.7%

Debt's share of the balance-sheet total rises from 82.9% to 84.9%. Equity and debt are higher.

Key figures and ratios

2016 value · change against 2015

EBITDA

€136,979▲

2015 · €60,593

Cash flow

€69,777▲

2015 · €40,588

Current ratio

1.18▲

2015 · 1.10

Quick ratio

0.85▼

2015 · 0.95

Debt to equity

0.44▲

2015 · 0.04

ROE

11.1%▲

2015 · 3.2%

ROA

1.7%▲

2015 · 0.5%

Debt ≤ 1 year

€1.3m▲

2015 · €1.2m

Debt > 1 year

€109,981▲

2015 · €8,471

Income taxes

€23,951▲

2015 · €11,343

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Last 5 years All years

Filed annual accounts As filed with the NBB · 2016 against 2015 · 28 lines

Balance sheet Code20152016

Assets

Total assets20/58€1.5m€1.7m▲

Formation expenses20€0.04m€0.03m▼

Fixed assets21/28€0.1m€0.09m▼

Tangible fixed assets22/27€0.1m€0.09m▼

Financial fixed assets28€20€20=

Current assets29/58€1.3m€1.6m▲

Stocks and contracts in progress3€0.2m€0.4m▲

Amounts receivable within one year40/41€1.1m€0.8m▼

Cash at bank and in hand54/58€0.1m€0.3m▲

Equity and liabilities

Total equity and liabilities10/49€1.5m€1.7m▲

Equity10/15€0.2m€0.3m▲

Contributions10/11€0.02m€0.02m=

Reserves13€0.2m€0.2m▲

Profit (loss) carried forward14€56€146▲

Provisions and deferred taxes16€0.03m-

Amounts payable17/49€1.2m€1.4m▲

Amounts payable after more than one year17€0.008m€0.1m▲

Amounts payable within one year42/48€1.2m€1.3m▲

Trade debts44€0.4m€0.4m▼

Income statement Code20152016

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.03m€0.04m▲

Gross operating margin9900€1.2m€1.1m▼

Operating profit (loss)9901€0.03m€0.1m▲

Recurring financial income75€0.02m€0.02m▼

Recurring financial charges65€0.03m€0.06m▲

Profit (loss) for the period before taxes9903€0.02m€0.05m▲

Income taxes67/77€0.01m€0.02m▲

Profit (loss) for the period9904€0.007m€0.03m▲

Profit (loss) for the period to be appropriated9905€0.007m€0.03m▲

Line	2012	2013	2014	2015	2016	Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€0.02m	€0.02m	€0.02m	€0.03m	€0.04m	▲ 25.0%
Gross operating margin9900	€0.6m	€0.9m	€1.1m	€1.2m	€1.1m	▼ 7.2%
Operating profit (loss)9901	€0.02m	€0.08m	€0.03m	€0.03m	€0.1m	▲ 250%
Recurring financial income75	€0.002m	€0.01m	€0.02m	€0.02m	€0.02m	▼ 14.2%
Recurring financial charges65	€0.01m	€0.04m	€0.03m	€0.03m	€0.06m	▲ 110%
Profit (loss) for the period before taxes9903	€0.01m	€0.05m	€0.02m	€0.02m	€0.05m	▲ 180%
Income taxes67/77	€0.004m	-	€0.01m	€0.01m	€0.02m	▲ 111%
Profit (loss) for the period9904	€0.009m	€0.05m	€0.005m	€0.007m	€0.03m	▲ 288%
Profit (loss) for the period to be appropriated9905	€0.009m	€0.05m	€0.005m	€0.007m	€0.03m	▲ 288%

Line	2012	2013	2014	2015	2016	Change
Assets
Total assets20/58	€0.4m	€1.0m	€1.3m	€1.5m	€1.7m	▲ 13.0%
Formation expenses20	€0.03m	€0.02m	€0.01m	€0.04m	€0.03m	▼ 7.1%
Fixed assets21/28	€0.06m	€0.05m	€0.04m	€0.1m	€0.09m	▼ 36.4%
Tangible fixed assets22/27	€0.04m	€0.03m	€0.03m	€0.1m	€0.09m	▼ 13.8%
Financial fixed assets28	€20	€20	€20	€20	€20	=
Current assets29/58	€0.3m	€0.9m	€1.2m	€1.3m	€1.6m	▲ 15.6%
Stocks and contracts in progress3	€0.05m	€0.1m	€0.1m	€0.2m	€0.4m	▲ 143%
Amounts receivable within one year40/41	€0.3m	€0.8m	€0.9m	€1.1m	€0.8m	▼ 19.2%
Cash at bank and in hand54/58	€0.005m	€0.04m	€0.2m	€0.1m	€0.3m	▲ 140%
Equity and liabilities
Total equity and liabilities10/49	€0.4m	€1.0m	€1.3m	€1.5m	€1.7m	▲ 13.0%
Equity10/15	€0.2m	€0.2m	€0.2m	€0.2m	€0.3m	▲ 12.5%
Contributions10/11	€0.02m	€0.02m	€0.02m	€0.02m	€0.02m	=
Reserves13	€0.008m	€0.008m	€0.2m	€0.2m	€0.2m	▲ 13.6%
Profit (loss) carried forward14	€0.1m	€0.2m	€0.001m	€56	€146	▲ 161%
Provisions and deferred taxes16	€0.03m	€0.03m	€0.03m	€0.03m	-	-
Amounts payable17/49	€0.2m	€0.7m	€1.0m	€1.2m	€1.4m	▲ 15.7%
Amounts payable after more than one year17	€0.01m	€0.01m	€0.02m	€0.008m	€0.1m	▲ 13×
Amounts payable within one year42/48	€0.2m	€0.7m	€1.0m	€1.2m	€1.3m	▲ 7.5%
Trade debts44	€0.07m	€0.2m	€0.3m	€0.4m	€0.4m	▼ 3.0%

Line	2012	2013	2014	2015	2016	Change
Profit (loss) for the period9904	€8,846	€45,884	€5,352	€7,234	€28,090	▲ 288%
+ Depreciation and write-downs630	€21,792	€22,356	€23,013	€33,354	€41,687	▲ 25.0%
Operating cash flow (approximation)	€30,638	€68,240	€28,365	€40,588	€69,777	▲ 71.9%
Investment in fixed assets (approximation)	-	-€12,463	-€11,694	-€128,218	€8,739	-
Change in cash	-	€31,807	€190,902	-€117,597	€153,180	-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Latest 10 of 13 filings with the National Bank

Financial year	Type	Filed	Reference
31-12-2016	abbreviated format	09-05-2017	2017-11500400
31-12-2015	abbreviated format	28-07-2016	2016-37400191
31-12-2014	abbreviated format	23-06-2015	2015-20100245
31-12-2013	abbreviated format	07-07-2014	2014-27400123
31-12-2012	abbreviated format	02-08-2013	2013-39400102
31-12-2011	abbreviated format	03-08-2012	2012-38500463
31-12-2010	abbreviated format	11-08-2011	2011-39600079
31-12-2009	abbreviated format	13-08-2010	2010-42000233
31-12-2008	abbreviated format	04-08-2009	2009-54800079
31-12-2007	abbreviated format	26-08-2008	2008-64100287

Show all 13 filings

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.