LEVERAGE
ActiveSummary
LEVERAGE has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €245,881 and a net result of €51,512. Equity remains stable across the filed financial years (±2.5% per year). Its solvency ranks better than 51% of 39,121 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €245,881
- Profit
- €51,512
- Toon VanwelkenhuysenDirector
- VANWELKENHUYSEN JohanDirector
Why 94lowers riskSize: total assets €433,033Sector: Activities of head offices; management consultancy activities (NACE 70)Liquidity: current ratio 0.98, cash €59,178Equity €245,881 (56.8% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro): better than 52% on solvency, 48% on liquidity, 52% on profitability and 71% on growth.
The bankruptcy probability was computed on 23-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 56 days before the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Appointment: Toon Vanwelkenhuysen (niet statutair plaatsvervangend…Power of attorney
- Equity above €200,000equity €245,881 ▲26.5%
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 28% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 34,695 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.3% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,474 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% | 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 34,695 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €25 | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,611 | €6,727 | €5,696 | €5,439 | €5,344 | €7,234 | €13,994 | €16,531 | ▲ 18.1% |
| Other operating charges640/8 | - | - | - | €29 | €41 | €767 | €2,893 | €1,859 | ▼ 35.7% |
| Gross operating margin9900 | €88,702 | €70,644 | €42,812 | €41,114 | €79,703 | €62,688 | €77,043 | €95,238 | ▲ 23.6% |
| Operating profit (loss)9901 | €75,000 | €57,002 | €28,500 | €35,621 | €74,319 | €54,687 | €60,156 | €76,847 | ▲ 27.7% |
| Financial income75/76B | - | - | - | €1,087 | €1,170 | €1,501 | €5,145 | €1,969 | ▼ 61.7% |
| Recurring financial income75 | €168 | €428 | €737 | €1,087 | €1,170 | €1,501 | €5,145 | €1,969 | ▼ 61.7% |
| Financial charges65/66B | - | - | - | €880 | €859 | €619 | €6,221 | €6,494 | ▲ 4.4% |
| Recurring financial charges65 | €1,618 | €1,481 | €1,182 | €880 | €859 | €619 | €6,221 | €6,494 | ▲ 4.4% |
| Profit (loss) for the period before taxes9903 | €73,550 | €55,949 | €28,055 | €35,828 | €74,629 | €55,569 | €59,079 | €72,322 | ▲ 22.4% |
| Income taxes67/77 | €22,089 | €16,270 | €8,481 | €10,403 | €20,981 | €16,205 | €16,976 | €20,810 | ▲ 22.6% |
| Profit (loss) for the period9904 | €51,461 | €39,679 | €19,574 | €25,425 | €53,649 | €39,364 | €42,103 | €51,512 | ▲ 22.3% |
| Profit (loss) for the period to be appropriated9905 | €51,461 | €39,679 | €19,574 | €25,425 | €53,649 | €39,364 | €42,103 | €51,512 | ▲ 22.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €212,940 | €239,128 | €238,615 | €219,354 | €258,421 | €264,931 | €417,194 | €433,033 | ▲ 3.8% |
| Fixed assets21/28 | €110,066 | €111,006 | €105,310 | €99,871 | €96,475 | €106,569 | €336,784 | €324,583 | ▼ 3.6% |
| Tangible fixed assets22/27 | €110,066 | €111,006 | €105,310 | €99,871 | €96,475 | €106,569 | €336,784 | €324,583 | ▼ 3.6% |
| Land and buildings22 | - | - | - | €96,444 | €92,660 | €104,816 | €334,705 | €323,426 | ▼ 3.4% |
| Plant, machinery and equipment23 | - | - | - | - | €1,802 | €1,153 | €1,479 | €557 | ▼ 62.3% |
| Furniture and vehicles24 | - | - | - | €3,427 | €2,014 | €600 | €600 | €600 | = |
| Current assets29/58 | €102,874 | €128,121 | €133,304 | €119,483 | €161,946 | €158,362 | €80,411 | €108,451 | ▲ 34.9% |
| Amounts receivable after more than one year29 | - | - | - | €10,000 | €10,000 | €10,000 | €0 | - | - |
| Other amounts receivable291 | - | - | - | €10,000 | €10,000 | €10,000 | €0 | - | - |
| Amounts receivable within one year40/41 | €6,352 | €20,982 | €46,035 | €21,260 | €42,988 | €42,411 | €46,877 | €44,547 | ▼ 5.0% |
| Trade receivables40 | - | - | - | €14,520 | €25,010 | €22,298 | €23,991 | €25,075 | ▲ 4.5% |
| Other amounts receivable41 | - | - | - | €6,740 | €17,978 | €20,113 | €22,886 | €19,471 | ▼ 14.9% |
| Current investments50/53 | €30,000 | €30,000 | €30,000 | €30,000 | €30,000 | €30,000 | €0 | - | - |
| Cash at bank and in hand54/58 | €51,729 | €63,585 | €43,201 | €53,705 | €73,761 | €69,660 | €28,726 | €59,178 | ▲ 106% |
| Deferred charges and accrued income490/1 | - | - | - | €4,518 | €5,197 | €6,292 | €4,808 | €4,726 | ▼ 1.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €212,940 | €239,128 | €238,615 | €219,354 | €258,421 | €264,931 | €417,194 | €433,033 | ▲ 3.8% |
| Equity10/15 | €166,387 | €206,066 | €185,377 | €210,801 | €204,041 | €191,944 | €194,368 | €245,881 | ▲ 26.5% |
| Contributions10/11 | €12,400 | €12,400 | - | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €153,987 | €193,666 | €172,977 | €198,401 | €191,641 | €179,544 | €181,968 | €233,481 | ▲ 28.3% |
| Non-distributable reserves130/1 | - | - | - | €1,855 | €1,855 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,855 | €1,855 | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €196,546 | €189,786 | €179,544 | €181,968 | €233,481 | ▲ 28.3% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €46,552 | €33,062 | €53,238 | €8,553 | €54,380 | €72,986 | €222,826 | €187,152 | ▼ 16.0% |
| Amounts payable after more than one year17 | €13,840 | - | - | - | - | - | €105,599 | €76,122 | ▼ 27.9% |
| Financial debts170/4 | - | - | - | - | - | - | €105,599 | €76,122 | ▼ 27.9% |
| Amounts payable within one year42/48 | €32,713 | €33,062 | €53,238 | €8,553 | €54,380 | €72,986 | €117,227 | €111,030 | ▼ 5.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €3,333 | €3,333 | €0 | €31,739 | €32,684 | ▲ 3.0% |
| Trade debts44 | €1,387 | €2,412 | €2,927 | €318 | €2,676 | €2,296 | €3,302 | €3,243 | ▼ 1.8% |
| Suppliers440/4 | - | - | - | €318 | €2,676 | €2,296 | €3,302 | €3,243 | ▼ 1.8% |
| Taxes, remuneration and social security45 | - | - | - | €4,902 | €15,701 | €18,223 | €16,547 | €24,289 | ▲ 46.8% |
| Taxes450/3 | - | - | - | €2,060 | €12,824 | €15,265 | €16,547 | €24,289 | ▲ 46.8% |
| Remuneration and social security454/9 | - | - | - | €2,841 | €2,877 | €2,957 | €0 | - | - |
| Other amounts payable47/48 | - | - | - | - | €32,670 | €52,467 | €65,639 | €50,815 | ▼ 22.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €51,461 | €39,679 | €19,574 | €25,425 | €53,649 | €39,364 | €42,103 | €51,512 | ▲ 22.3% |
| + Depreciation and write-downs630 | €8,611 | €6,727 | €5,696 | €5,439 | €5,344 | €7,234 | €13,994 | €16,531 | ▲ 18.1% |
| Operating cash flow (approximation) | €60,071 | €46,406 | €25,270 | €30,864 | €58,992 | €46,598 | €56,097 | €68,044 | ▲ 21.3% |
| Investment in fixed assets (approximation) | - | -€7,668 | €0 | €0 | -€1,948 | -€17,327 | -€244,209 | -€4,330 | ▲ 98.2% |
| Change in cash | - | €11,856 | -€20,384 | €10,504 | €20,057 | -€4,101 | -€40,934 | €30,452 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 13 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 22-06-2026 | 2026-00195544 |
| 31-12-2024 | micro format | 12-06-2025 | 2025-00141941 |
| 31-12-2023 | micro format | 11-06-2024 | 2024-00124706 |
| 31-12-2022 | micro format | 08-06-2023 | 2023-00117401 |
| 31-12-2021 | micro format | 19-05-2022 | 2022-20029692 |
| 31-12-2020 | micro format | 03-06-2021 | 2021-17000312 |
| 31-12-2019 | micro format | 20-05-2020 | 2020-12600473 |
| 31-12-2018 | micro format | 06-06-2019 | 2019-16400144 |
| 31-12-2017 | micro format | 17-05-2018 | 2018-13000223 |
| 31-12-2016 | micro format | 20-06-2017 | 2017-18800531 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2023 · 1 entry · €1,139 awarded · €1,139 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| VANWELKENHUYSEN Johanfrom an act |
|
| Toon Vanwelkenhuysen |
|
Owners and capital
Capital and shareholders
- 18-10-2023 Converted to available equity
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
12-02
Gazette deed
Appointment: Toon Vanwelkenhuysen (niet statutair plaatsvervangend bestuurder)Power of attorney4 facts ▸
- General meeting, 01-12-2025
- Director appointment, Toon Vanwelkenhuysen (niet statutair plaatsvervangend bestuurder)
- Power of attorney, Brent Van Malder
- Power of attorney (2 times)
18-10
Gazette deed
Resignation: VANWELKENHUYSEN Johan (director)Reappointment: VANWELKENHUYSEN Johan (director) · Power of attorney · Director discharge9 facts ▸
- Power of attorney, Wouter Vandenbosch
- Director resignation, VANWELKENHUYSEN Johan (director)
- Director reappointment, VANWELKENHUYSEN Johan (director (not named in the articles))
- Director discharge, VANWELKENHUYSEN Johan
- General meeting, 06-10-2023
- Amendment of the articles (2 times)
- Capital conversion, “beschikbaar voor uitkering” (deed in Dutch)
- Registered office clause, “niet meer opnemen in statuten, Piezelstraat 8,1760 Roosdaal” (deed in Dutch)
- Capital
Show earlier events
About the unread acts
Of the 4 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 24 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23097A0205/00F000 | Flanders | 455 m² | 1 · 156 m² | 8.0 m · 2 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- LEVERAGE
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams gewest, nauwkeurige aanduiding zetel en RPR met rechtbank en ondernemingsnummer op stukken artikel 1” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Artikel 11. Bevoegdheden van het bestuursorgaan en vertegenwoordiging §1. Bevoegdheden Als er slechts één bestuurder is, is het geheel van…”
- Daily managementWho may handle the everyday running of the business without the full board.
- The board decides whether the delegates act alone or jointly
- Board ruleHow the board is made up, meets and takes decisions.
- “Één of meer bestuurders, bestuursorgaan” (deed in Dutch)“Vast of evenredig in geld dan wel in natura, algemene vergadering beslissend met absolute meerderheid of enige aandeelhouder” (deed in Dutch)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
- Share issue ruleHow and by whom new shares can be issued.
- “Inbreng in geld met uitgifte nieuwe aandelen - Recht van voorkeur, alle aandeelhouders kunnen afstand doen bij besluit tot uitgifte” (deed in Dutch)
Meetings and financial year
- Meeting accessWho may attend the meeting and what is needed to be admitted.
- “Rechten verbonden aan effecten mogen niet geschorst zijn, mag nog deelnemen zonder stemming” (deed in Dutch)
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Besluit buitengewone algemene vergadering,rechterlijke beslissing,vaststelling van rechtswege eindigen, met inachtneming artikel 2:71 WVV” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Voorzitter bevoegde ondernemingsrechtbank indien uit staat actief-passief per artikel 2:71 §2 2e lid WVV blijkt niet alle schuldeisers…” (deed in Dutch)