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Levelate

Active
Private limited companyfounded 20215 yrs activeKarel Antheunisstraat 21, 9000 Gent, BelgiumKBO/BCE: BE 0768.450.727
Summary

For Levelate, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €8,061 and a net result of -€15,772. Its solvency ranks better than 33% of 7678 sector peers (fiscal year 2023). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.0% (low).

Checked score

No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability0▼-28
Solvency60▼-14
Growth32
Track record94
Bankruptcy probability, 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%
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Signals

Five 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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 2023
Solvency, return and age of the figures
Solvency
35%
Return on assets
-68.4%
Age of the figures
39 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 5 years 0 10 y
raises risk · Two or more financial years not filed
Since the financial year that closed on 30-06-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 2 filings
Position against the passed deadline
30-06-2024 close31-01-2025 deadline27-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2023 was due by 31-01-2024 and was filed on 28-12-2023, 34 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
not filed
2024
not filed
2023
34 d early
2022
99 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 67 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 (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 17 May 2021, Levelate was incorporated as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2023.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2023

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Financials · fiscal year 2023, abbreviated schema

Equity
€8,061▼ 66.2%
2022 · €23,833
Total assets
€23,057▼ 52.5%
2022 · €48,562
Net result
-€15,772▼ 793%
2022 · -€1,767
Working capital
€8,061▼ 66.2%
2022 · €23,833
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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
Line20222023
Operating result€191--€15,445
Net result-€1,767below the sector's middle half--€15,772below the sector's middle half▼ 793%
Equity€23,833below the sector's middle half-€8,061below the sector's middle half▼ 66.2%
Total assets€48,562below the sector's middle half-€23,057below the sector's middle half▼ 52.5%
Debt€24,729-€14,995▼ 39.4%
Working capital€23,833-€8,061▼ 66.2%
Solvency49.1%within the sector's middle half-35.0%within the sector's middle half▼ 14.1pp
Staff (FTE)1.4within the sector's middle half-0.7within the sector's middle half▼ 50.0%
above within below the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€20,000-€15,000-€10,000-€5,000€0Operating result 2022: €191€191Net result 2022: -€1,767-€1,767Operating result 2023: -€15,445-€15,445Net result 2023: -€15,772-€15,77220222023-€20,000-€15,000-€10,000-€5,000€0Operating result 2022: €191€191Net result 2022: -€1,767-€1,770Operating result 2023: -€15,445-€15,400Net result 2023: -€15,772-€15,80020222023
The operating result turns negative in 2023: a loss of €15,445 after €191 in 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Equity and liabilities €23,057
Equity €8,061 ▼ 66.2%
Debt €14,995 ▼ 39.4%
Debt's share of the balance-sheet total rises from 50.9% to 65.0%. Equity and debt are lower.
Key figures and ratios
2023 value · change against 2022
Current ratio
1.54▼
2022 · 1.96
Debt to equity
1.86▲
2022 · 1.04
ROE
-195.7%▼
2022 · -7.4%
ROA
-68.4%▼
2022 · -3.6%
Debt ≤ 1 year
€14,995▼
2022 · €24,729
Income taxes
€215▼
2022 · €1,637
Staff costs
€40,291▼
2022 · €54,226
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2023 against 2022 · 37 lines
Balance sheet Code20222023
Assets
Total assets20/58€48,562€23,057▼
Current assets29/58€48,562€23,057▼
Amounts receivable within one year40/41€40,717€14,641▼
Trade receivables40€40,717€14,641▼
Current investments50/53-€6,400
Cash at bank and in hand54/58€2,511€1,082▼
Deferred charges and accrued income490/1€5,335€934▼
Equity and liabilities
Total equity and liabilities10/49€48,562€23,057▼
Equity10/15€23,833€8,061▼
Contributions10/11€25,600€25,600=
Reserves13-€6,400
Non-distributable reserves130/1-€6,400
Own shares acquired1312-€6,400
Profit (loss) carried forward14-€1,767-€23,939▼
Amounts payable17/49€24,729€14,995▼
Amounts payable within one year42/48€24,729€14,995▼
Trade debts44€7,565€10,982▲
Suppliers440/4€7,565€10,982▲
Taxes, remuneration and social security45€17,164€4,013▼
Taxes450/3€12,644€3,740▼
Remuneration and social security454/9€4,520€274▼
Income statement Code20222023
Remuneration, social security and pensions62€54,226€40,291▼
Gross operating margin9900€54,417€24,846▼
Operating profit (loss)9901€191-€15,445▼
Financial income75/76B€10€0▼
Recurring financial income75€10€0▼
Financial charges65/66B€332€112▼
Recurring financial charges65€332€112▼
Profit (loss) for the period before taxes9903-€130-€15,557▼
Income taxes67/77€1,637€215▼
Profit (loss) for the period9904-€1,767-€15,772▼
Profit (loss) for the period to be appropriated9905-€1,767-€15,772▼
Appropriation of the result
Profit (loss) to be appropriated9906-€1,767-€17,539▼
Profit (loss) brought forward from the previous period14P--€1,767
Transfer to equity691/2-€6,400
To other reserves6921-€6,400
Social balance
Average headcount (FTE)9087-0.7

The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20222023Change
Remuneration, social security and pensions62€54,226€40,291▼ 25.7%
Gross operating margin9900€54,417€24,846▼ 54.3%
Operating profit (loss)9901€191-€15,445▼ 8,168%
Financial income75/76B€10€0▼ 100%
Recurring financial income75€10€0▼ 100%
Financial charges65/66B€332€112▼ 66.3%
Recurring financial charges65€332€112▼ 66.3%
Profit (loss) for the period before taxes9903-€130-€15,557▼ 11,884%
Income taxes67/77€1,637€215▼ 86.9%
Profit (loss) for the period9904-€1,767-€15,772▼ 793%
Profit (loss) for the period to be appropriated9905-€1,767-€15,772▼ 793%
Line20222023Change
Assets
Total assets20/58€48,562€23,057▼ 52.5%
Current assets29/58€48,562€23,057▼ 52.5%
Amounts receivable within one year40/41€40,717€14,641▼ 64.0%
Trade receivables40€40,717€14,641▼ 64.0%
Current investments50/53-€6,400-
Cash at bank and in hand54/58€2,511€1,082▼ 56.9%
Deferred charges and accrued income490/1€5,335€934▼ 82.5%
Equity and liabilities
Total equity and liabilities10/49€48,562€23,057▼ 52.5%
Equity10/15€23,833€8,061▼ 66.2%
Contributions10/11€25,600€25,600=
Reserves13-€6,400-
Non-distributable reserves130/1-€6,400-
Own shares acquired1312-€6,400-
Profit (loss) carried forward14-€1,767-€23,939▼ 1,255%
Amounts payable17/49€24,729€14,995▼ 39.4%
Amounts payable within one year42/48€24,729€14,995▼ 39.4%
Trade debts44€7,565€10,982▲ 45.2%
Suppliers440/4€7,565€10,982▲ 45.2%
Taxes, remuneration and social security45€17,164€4,013▼ 76.6%
Taxes450/3€12,644€3,740▼ 70.4%
Remuneration and social security454/9€4,520€274▼ 93.9%
Line20222023Change
Profit (loss) for the period9904-€1,767-€15,772▼ 793%
Operating cash flow (approximation)-€1,767-€15,772▼ 793%
Change in cash--€1,429-

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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Timeline · acts, filings and financial milestones

2023
28-12
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
24-10
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
NBB filing
0 of 6 acts read
About the unread acts

We know of 6 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
6 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, Gent · 1 establishment unit since 2021
seat establishment The establishment unit on the map
Ground area
87 m²
Building footprint
101 m²
Volume, LiDAR
637 m³
Parcel 44804D2582/00L000, Flanders · tallest building 10.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Levelate
Karel Antheunisstraat 21, 9000 GentActivities of head offices; management consultancy activities
since 20212.317.202.811
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44804D2582/00L000 Flanders 87 m² 1 · 101 m² 10.9 m · 2 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

2023 · 1 entry · 1,789 EUR awarded · 1,789 EUR paid
Year Entries awardedpaid
2023 1 1,789 EUR1,789 EUR
Schemes
1 entry · 1,789 EUR · 1,789 EUR paid · Departement Werk en Sociale Economie

Similar companies · same sector, comparable size

Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 20,576 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
Founded17-05-2021
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
78100Employment placement agencies
Contact
Website levelate.be
E-mail info@levelate.be
Phone +32474346115
E-invoicing
Not found in the Peppol register

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Scores and ratios are computed by Checked and are not a credit decision.