LEVEL 33
ActiveSummary
The annual accounts of LEVEL 33 for fiscal year 2024 show a net loss of 263% of total assets and of 75% of the equity at the start of that year. The 2024 annual accounts show equity of €11,370 and a net result of -€33,511. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 92% of 1559 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency100▲+3
Growth22▼-13
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 9.14 against 3.14 in 2023; short-term debt: 10.7% and cash: 0.3% of total assets), and 10.7% of the assets are financed with debt.
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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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% 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 2024Solvency, return and age of the figures
Solvency
89.3%
Return on assets
-263.1%
Age of the figures
21 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
192021222324
2019 to 2024 · latest year -€33,511
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-08-2025, 20 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
20 d late
2023
21 d late
2022
on the day
2021
1 d early
2020
5 d early
2019
61 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 16 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
€12,000▼ 86.2%
2023 · €86,678
EBIT margin
-275.2%▼ 217.3pp
2023 · -57.9%
Net result
-€33,511▲ 33.8%
2023 · -€50,652
Working capital
€11,113▼ 70.8%
2023 · €38,062
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, 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
Line20202021202220232024
Turnover€126,300▼ 59.2%€135,900▲ 7.6%€141,873▲ 4.4%€86,678▼ 38.9%€12,000▼ 86.2%
Operating result€36,440▲ 261%€48,547▲ 33.2%€25,325▼ 47.8%-€50,175-€33,020▲ 34.2%
Net result€28,121within the sector's middle half▲ 262%€36,287within the sector's middle half▲ 29.0%€17,155within the sector's middle half▼ 52.7%-€50,652below the sector's middle half-€33,511below the sector's middle half▲ 33.8%
EBIT margin28.9%▲ 25.6pp35.7%▲ 6.9pp17.9%▼ 17.9pp-57.9%▼ 75.7pp-275.2%▼ 217.3pp
Equity€42,091within the sector's middle half▲ 201%€78,378within the sector's middle half▲ 86.2%€95,533within the sector's middle half▲ 21.9%€44,881below the sector's middle half▼ 53.0%€11,370below the sector's middle half▼ 74.7%
Total assets€108,852below the sector's middle half▲ 130%€120,600below the sector's middle half▲ 10.8%€152,423below the sector's middle half▲ 26.4%€62,667below the sector's middle half▼ 58.9%€12,735below the sector's middle half▼ 79.7%
Debt€66,761▲ 99.9%€42,222▼ 36.8%€56,890▲ 34.7%€17,787▼ 68.7%€1,366▼ 92.3%
Working capital€13,557within the sector's middle half▼ 3.0%€57,339within the sector's middle half▲ 323%€80,746within the sector's middle half▲ 40.8%€38,062within the sector's middle half▼ 52.9%€11,113within the sector's middle half▼ 70.8%
Solvency38.7%within the sector's middle half▲ 9.2pp65.0%within the sector's middle half▲ 26.3pp62.7%within the sector's middle half▼ 2.3pp71.6%above the sector's middle half▲ 8.9pp89.3%above the sector's middle half▲ 17.7pp
Current ratio1.20within the sector's middle half▼ 0.222.36within the sector's middle half▲ 1.152.42within the sector's middle half▲ 0.063.14within the sector's middle half▲ 0.729.14above the sector's middle half▲ 6.00
Return on assets (ROA)25.8%above the sector's middle half▲ 9.4pp30.1%above the sector's middle half▲ 4.3pp11.3%within the sector's middle half▼ 18.8pp-80.8%below the sector's middle half▼ 92.1pp-263.1%below the sector's middle half▼ 182.3pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €33,020 in 2024 against €50,175 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €12,735
Fixed assets
€257 ▼ 96.2%
Current assets
€12,478 ▼ 77.7%
Equity and liabilities €12,735
Equity
€11,370 ▼ 74.7%
Debt
€1,366 ▼ 92.3%
Debt's share of the balance-sheet total falls from 28.4% to 10.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€26,458▲
2023 · -€42,207
Cash flow
-€26,950▲
2023 · -€42,684
Debt to equity
0.12▼
2023 · 0.40
ROE
-294.7%▼
2023 · -112.9%
Interest coverage
-140.44▲
2023 · -234.09
Debt ≤ 1 year
€1,366▼
2023 · €17,787
Income taxes
€303▲
2023 · €297
Staff costs
€225▼
2023 · €457
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,597 companies that looked in July 2024 the way this one looks now, 2.8% went bankrupt within 24 months and 87% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
2.8%
went bankrupt
9.2%
stopped otherwise
87%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.4% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 3,597 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €126,300 | €135,900 | €141,873 | €86,678 | €12,000 | ▼ 86.2% |
| Goods, raw materials, services and sundry goods60/61 | - | €77,838 | €110,798 | €130,787 | €40,719 | ▼ 68.9% |
| Remuneration, social security and pensions62 | - | €549 | €393 | €457 | €225 | ▼ 50.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €524 | €7,495 | €7,988 | €7,968 | €6,561 | ▼ 17.7% |
| Other operating charges640/8 | - | €4,524 | €494 | €742 | €1,355 | ▲ 82.5% |
| Gross operating margin9900 | €38,687 | €61,115 | €34,200 | -€41,007 | -€24,879 | ▲ 39.3% |
| Operating profit (loss)9901 | €36,440 | €48,547 | €25,325 | -€50,175 | -€33,020 | ▲ 34.2% |
| Financial income75/76B | - | €5 | - | - | - | - |
| Recurring financial income75 | €8 | €5 | - | - | - | - |
| Financial charges65/66B | - | €165 | €189 | €180 | €188 | ▲ 4.5% |
| Recurring financial charges65 | €14 | €165 | €189 | €180 | €188 | ▲ 4.5% |
| Profit (loss) for the period before taxes9903 | €36,434 | €48,387 | €25,135 | -€50,355 | -€33,208 | ▲ 34.1% |
| Income taxes67/77 | €8,313 | €12,101 | €7,980 | €297 | €303 | ▲ 2.1% |
| Profit (loss) for the period9904 | €28,121 | €36,287 | €17,155 | -€50,652 | -€33,511 | ▲ 33.8% |
| Profit (loss) for the period to be appropriated9905 | €28,121 | €36,287 | €17,155 | -€50,652 | -€33,511 | ▲ 33.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €108,852 | €120,600 | €152,423 | €62,667 | €12,735 | ▼ 79.7% |
| Fixed assets21/28 | €28,534 | €21,038 | €14,787 | €6,818 | €257 | ▼ 96.2% |
| Tangible fixed assets22/27 | €28,534 | €21,038 | €14,787 | €6,818 | €257 | ▼ 96.2% |
| Furniture and vehicles24 | - | €21,038 | €14,787 | €6,818 | €257 | ▼ 96.2% |
| Current assets29/58 | €80,319 | €99,561 | €137,637 | €55,849 | €12,478 | ▼ 77.7% |
| Amounts receivable within one year40/41 | €37,264 | €27,701 | €26,829 | €1,224 | €12,436 | ▲ 916% |
| Trade receivables40 | - | €27,701 | €26,829 | €1,224 | €12,239 | ▲ 900% |
| Other amounts receivable41 | - | - | - | - | €196 | - |
| Cash at bank and in hand54/58 | €42,137 | €70,379 | €109,327 | €53,097 | €43 | ▼ 99.9% |
| Deferred charges and accrued income490/1 | - | €1,481 | €1,481 | €1,528 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €108,852 | €120,600 | €152,423 | €62,667 | €12,735 | ▼ 79.7% |
| Equity10/15 | €42,091 | €78,378 | €95,533 | €44,881 | €11,370 | ▼ 74.7% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | €6,200 | €6,200 | - | - | - |
| Issued capital100 | - | €18,600 | €18,600 | - | - | - |
| Uncalled capital101 | - | €12,400 | €12,400 | - | - | - |
| Outside capital11 | - | - | - | €6,200 | €6,200 | = |
| Other1109/19 | - | - | - | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €34,031 | €70,318 | €87,473 | €36,821 | €3,310 | ▼ 91.0% |
| Amounts payable17/49 | €66,761 | €42,222 | €56,890 | €17,787 | €1,366 | ▼ 92.3% |
| Amounts payable within one year42/48 | €66,761 | €42,222 | €56,890 | €17,787 | €1,366 | ▼ 92.3% |
| Trade debts44 | €40,787 | €2,183 | €14,617 | €1,224 | €775 | ▼ 36.7% |
| Suppliers440/4 | - | €1,107 | €14,017 | - | €775 | - |
| Bills of exchange payable441 | - | €1,075 | €600 | €1,224 | - | - |
| Taxes, remuneration and social security45 | - | €30,994 | €33,696 | €3,253 | €591 | ▼ 81.8% |
| Taxes450/3 | - | €27,775 | €27,661 | €3,253 | €591 | ▼ 81.8% |
| Remuneration and social security454/9 | - | €3,219 | €6,035 | - | - | - |
| Other amounts payable47/48 | - | €9,046 | €8,577 | €13,310 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28,121 | €36,287 | €17,155 | -€50,652 | -€33,511 | ▲ 33.8% |
| + Depreciation and write-downs630 | €524 | €7,495 | €7,988 | €7,968 | €6,561 | ▼ 17.7% |
| Operating cash flow (approximation) | €28,645 | €43,782 | €25,143 | -€42,684 | -€26,950 | ▲ 36.9% |
| Investment in fixed assets (approximation) | - | €0 | -€1,736 | €0 | €0 | - |
| Change in cash | - | €28,242 | €38,948 | -€56,229 | -€53,055 | ▲ 5.6% |
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
2025
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 20 days late
2024
31-12
Financial
Liquidity triplescurrent ratio 9.14
Current ratio from 3.14 to 9.14; short-term debt falls from €17,787 to €1,366.
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 21 days late
2023
31-12
Financial
Weakest financial yearnet -€50,652
Net result drops to -€50,652, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2019net €36,287 ▲29%
Operating result €48,547, net result €36,287, both a record.
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Wavre · 1 establishment unit since 2018
Ground area
2,622 m²
Building footprint
427 m²
Volume, LiDAR
2,407 m³
2 parcels, Wallonia · tallest building 11.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LEVEL 33
since 20182.280.122.382
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25018B0131/00F000 | Wallonia | 1,840 m² | 1 · 256 m² | 11.9 m · 2 fl. |
| 25772H0069/00P009 | Wallonia | 782 m² | 1 · 172 m² | 7.8 m · 2 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 16,915 companies in sector 62100 we hold annual accounts for 8,786. 4,697 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
Founded21-09-2018
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
62200Computer consultancy and computer facilities management
E-invoicing
Reachable via Peppol
Peppol ID
0208:0704898604
Also
9925:BE0704898604
Registered
31-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.