LEVEL 35
ActiveSummary
LEVEL 35 has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €21,679 and a net result of €300,749. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 10% of 12829 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency31▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity tight (current ratio 1.04 against 1.06 in 2024; short-term debt: 94.1% and cash: 26.6% of total assets), and 94.1% 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
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 →
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
5.9%
Return on assets
82.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 12829 sector peers (2025).
NBB · sector comparisonPosition among 12829 sector peers
Solvency
better than 10%
← weakest
strongest →
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 08-04-2026, 114 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
114 d early
2024
28 d early
2023
23 d early
2023
45 d early
2022
74 d early
2021
32 d early
2020
68 d early
← 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 55 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
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. Usually files around 3 July (3 of the last 3 filed years within 86 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€21,679▼ 5.5%
2024 · €22,930
Total assets
€365,736▲ 30.8%
2024 · €279,710
Net result
€300,749▲ 22.4%
2024 · €245,634
Working capital
€14,699▼ 1.9%
2024 · €14,986
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting 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
Line20222023202320242025
Operating result€153,992▲ 52.5%€170,979▲ 11.0%€219,991-€321,727▲ 46.2%€393,992▲ 22.5%
Net result€122,310above the sector's middle half▲ 53.0%€133,483above the sector's middle half▲ 9.1%€165,040above the sector's middle half-€245,634above the sector's middle half▲ 48.8%€300,749above the sector's middle half▲ 22.4%
Equity€23,773below the sector's middle half▲ 1.2%€23,257below the sector's middle half▼ 2.2%€22,296below the sector's middle half-€22,930below the sector's middle half▲ 2.8%€21,679below the sector's middle half▼ 5.5%
Total assets€173,979within the sector's middle half▲ 32.6%€278,394within the sector's middle half▲ 60.0%€292,992within the sector's middle half-€279,710within the sector's middle half▼ 4.5%€365,736within the sector's middle half▲ 30.8%
Debt€150,206▲ 39.4%€255,137▲ 69.9%€270,696-€256,780▼ 5.1%€344,057▲ 34.0%
Working capital-€19,322below the sector's middle half▼ 49.6%-€3,425below the sector's middle half▲ 82.3%€7,907below the sector's middle half-€14,986within the sector's middle half▲ 89.5%€14,699within the sector's middle half▼ 1.9%
Solvency13.7%below the sector's middle half▼ 4.2pp8.4%below the sector's middle half▼ 5.3pp7.6%below the sector's middle half-8.2%below the sector's middle half▲ 0.6pp5.9%below the sector's middle half▼ 2.3pp
Current ratio0.87below the sector's middle half▼ 0.010.99below the sector's middle half▲ 0.121.03below the sector's middle half-1.06below the sector's middle half▲ 0.031.04below the sector's middle half▼ 0.02
Return on assets (ROA)70.3%above the sector's middle half▲ 9.4pp47.9%above the sector's middle half▼ 22.4pp56.3%above the sector's middle half-87.8%above the sector's middle half▲ 31.5pp82.2%above the sector's middle half▼ 5.6pp
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, 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
Multiple fiscal year ends fall in the same calendar year; an annual trend is not displayed.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €365,736
Fixed assets
€6,980 ▼ 12.1%
Current assets
€358,756 ▲ 32.0%
Equity and liabilities €365,736
Equity
€21,679 ▼ 5.5%
Debt
€344,057 ▲ 34.0%
Debt's share of the balance-sheet total rises from 91.8% to 94.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€394,830▲
2024 · €328,903
Cash flow
€301,587▲
2024 · €252,810
Debt to equity
15.87▲
2024 · 11.20
Interest coverage
230.57▲
2024 · 205.31
Debt ≤ 1 year
€344,057▲
2024 · €256,780
Income taxes
€94,657▲
2024 · €77,294
A ratio outside any meaningful range has been withheld (balance sheet total €365,736, equity €21,679).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,325 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.4%
went bankrupt
3.2%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.1% 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 497,338 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 1,325 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 | 2022 | 2023 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,816 | €16,413 | €12,292 | €7,177 | €838 | ▼ 88.3% |
| Other operating charges640/8 | €1,170 | €626 | €680 | €896 | €17,434 | ▲ 1,846% |
| Gross operating margin9900 | €168,978 | €188,019 | €232,963 | €329,799 | €412,263 | ▲ 25.0% |
| Operating profit (loss)9901 | €153,992 | €170,979 | €219,991 | €321,727 | €393,992 | ▲ 22.5% |
| Financial income75/76B | €1,111 | €1,227 | €1,851 | €2,803 | €3,127 | ▲ 11.6% |
| Recurring financial income75 | €1,111 | €1,227 | €1,851 | €2,803 | €3,127 | ▲ 11.6% |
| Financial charges65/66B | €228 | €537 | €876 | €1,602 | €1,712 | ▲ 6.9% |
| Recurring financial charges65 | €228 | €537 | €876 | €1,602 | €1,712 | ▲ 6.9% |
| Profit (loss) for the period before taxes9903 | €154,875 | €171,668 | €220,966 | €322,928 | €395,407 | ▲ 22.4% |
| Income taxes67/77 | €32,565 | €38,185 | €55,926 | €77,294 | €94,657 | ▲ 22.5% |
| Profit (loss) for the period9904 | €122,310 | €133,483 | €165,040 | €245,634 | €300,749 | ▲ 22.4% |
| Profit (loss) for the period to be appropriated9905 | €122,310 | €133,483 | €165,040 | €245,634 | €300,749 | ▲ 22.4% |
| Line | 2022 | 2023 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €173,979 | €278,394 | €292,992 | €279,710 | €365,736 | ▲ 30.8% |
| Fixed assets21/28 | €43,095 | €26,681 | €14,390 | €7,944 | €6,980 | ▼ 12.1% |
| Tangible fixed assets22/27 | €43,095 | €26,681 | €14,390 | €7,944 | €6,980 | ▼ 12.1% |
| Furniture and vehicles24 | €27,309 | €14,499 | €4,909 | €1,917 | €6,980 | ▲ 264% |
| Other tangible fixed assets26 | €15,786 | €12,183 | €9,481 | €6,027 | €0 | ▼ 100% |
| Current assets29/58 | €130,884 | €251,712 | €278,602 | €271,766 | €358,756 | ▲ 32.0% |
| Amounts receivable after more than one year29 | €37,020 | €53,270 | €69,040 | €103,560 | €103,560 | = |
| Trade receivables290 | €37,020 | €53,270 | €0 | - | - | - |
| Other amounts receivable291 | - | - | €69,040 | €103,560 | €103,560 | = |
| Amounts receivable within one year40/41 | €37,759 | €69,381 | €100,388 | €110,900 | €154,774 | ▲ 39.6% |
| Trade receivables40 | €37,752 | €69,381 | €100,388 | €107,560 | €154,718 | ▲ 43.8% |
| Other amounts receivable41 | €7 | - | - | €3,340 | €56 | ▼ 98.3% |
| Cash at bank and in hand54/58 | €54,717 | €129,062 | €109,175 | €55,888 | €97,315 | ▲ 74.1% |
| Deferred charges and accrued income490/1 | €1,388 | - | - | €1,418 | €3,107 | ▲ 119% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €173,979 | €278,394 | €292,992 | €279,710 | €365,736 | ▲ 30.8% |
| Equity10/15 | €23,773 | €23,257 | €22,296 | €22,930 | €21,679 | ▼ 5.5% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €4,416 | €4,416 | €2,556 | €2,556 | €2,556 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €0 | - | - | - |
| Tax-exempt reserves132 | €2,556 | €2,556 | €2,556 | €2,556 | €2,556 | = |
| Profit (loss) carried forward14 | €758 | €241 | €1,141 | €1,774 | €524 | ▼ 70.5% |
| Amounts payable17/49 | €150,206 | €255,137 | €270,696 | €256,780 | €344,057 | ▲ 34.0% |
| Amounts payable within one year42/48 | €150,206 | €255,137 | €270,696 | €256,780 | €344,057 | ▲ 34.0% |
| Current portion of amounts payable after more than one year42 | - | €8,250 | €18,927 | €14,545 | €20,215 | ▲ 39.0% |
| Trade debts44 | €1,246 | €66,056 | €33,783 | €3,060 | €1,458 | ▼ 52.4% |
| Suppliers440/4 | €1,246 | €66,056 | €33,783 | €3,060 | €1,458 | ▼ 52.4% |
| Taxes, remuneration and social security45 | €21,453 | €25,752 | €39,164 | €26,371 | €67,871 | ▲ 157% |
| Taxes450/3 | €21,453 | €25,752 | €39,164 | €26,371 | €67,871 | ▲ 157% |
| Other amounts payable47/48 | €127,506 | €155,079 | €178,822 | €212,804 | €254,512 | ▲ 19.6% |
| Line | 2022 | 2023 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €122,310 | €133,483 | €165,040 | €245,634 | €300,749 | ▲ 22.4% |
| + Depreciation and write-downs630 | €13,816 | €16,413 | €12,292 | €7,177 | €838 | ▼ 88.3% |
| Operating cash flow (approximation) | €136,126 | €149,897 | €177,331 | €252,810 | €301,587 | ▲ 19.3% |
| Investment in fixed assets (approximation) | - | €0 | - | -€731 | €126 | ▲ 117% |
| Change in cash | - | €74,344 | - | -€53,286 | €41,427 | ▲ 178% |
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
08-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2019net €300,749 ▲22.4%
Operating result €393,992, net result €300,749, both a record.
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
16-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
24-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
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, Gavere · 1 establishment unit since 2015
Ground area
450 m²
Building footprint
138 m²
Volume, LiDAR
697 m³
Parcel 44003A0914/00P000, Flanders · tallest building 9.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
LEVEL 35
since 20152.241.759.773
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44003A0914/00P000 | Flanders | 449 m² | 1 · 138 m² | 9.7 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.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 1,130 EUR awarded · 1,130 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 147 EUR | 147 EUR |
| 2023 | 1 | 791 EUR | 791 EUR |
| 2022 | 1 | 192 EUR | 192 EUR |
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Of 12,174 companies in sector 69201 we hold annual accounts for 7,641. 4,563 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
Founded22-04-2015
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0628931865
Also
9925:BE0628931865
Registered
30-01-2025
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.