LEVL
ActiveSummary
LEVL has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €241,666 and a net result of €20,886. Equity is growing by ~2.8% per year across the filed fiscal years. Its solvency ranks better than 17% of 273 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▲+6
Solvency47▼-33
Growth35=
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 ample (current ratio 7.93 against 2.05 in 2024; short-term debt: 12.4% and cash: 73.5% of total assets), but 78% of the assets are financed with debt.
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Signals
Seven 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 94
Relative position
BE, all sectors
reference
Activities of membership organisations (NACE 94)
about 92% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
22%
Return on assets
1.9%
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 17% of 273 sector peers (2025).
NBB · sector comparisonPosition among 273 sector peers
Solvency
better than 17%
← 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 04-05-2026, 88 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
88 d early
2024
44 d early
2023
43 d early
2022
56 d early
2021
107 d early
2020
107 d early
2019
88 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file What other support did companies like this one receive, and it did not?Subsidy mirror How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#6 company by total assets in Vorst, Other services sector
Turnover
€12,367▼ 44.4%
2024 · €22,225
EBIT margin
168.4%▲ 236.1pp
2024 · -67.7%
Net result
€20,886
2024 · -€17,799
Working capital
€944,425▲ 412%
2024 · €184,455
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€137,214€87,959▼ 35.9%€22,225▼ 74.7%€12,367▼ 44.4%
Operating result€651▲ 16.8%€47,386▲ 7,175%-€14,554-€15,045▼ 3.4%€20,830
Net result€46,434-€15,434-€17,799▼ 15.3%€20,886
EBIT margin34.5%-16.5%▼ 51.1pp-67.7%▼ 51.1pp168.4%▲ 236.1pp
Equity€207,579=€254,013▲ 22.4%€238,579▼ 6.1%€220,780▼ 7.5%€241,666▲ 9.5%
Total assets€1.0m▲ 92.4%€755,275▼ 27.7%€648,157▼ 14.2%€398,508▼ 38.5%€1.1m▲ 176%
Debt€837,162▲ 234%€501,261▼ 40.1%€409,577▼ 18.3%€177,728▼ 56.6%€858,156▲ 383%
Working capital€751,192▲ 110%€214,755▼ 71.4%€181,041▼ 15.7%€184,455▲ 1.9%€944,425▲ 412%
Staff (FTE)19▼ 3.1%19.8▲ 4.2%18.8▼ 5.1%12.4▼ 34.0%9.3▼ 25.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €20,830 after a loss of €15,045 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets
€19,067 ▼ 50.1%
Current assets
€1.1m ▲ 200%
Equity and liabilities €1.1m
Equity
€241,666 ▲ 9.5%
Debt
€858,156 ▲ 383%
Debt's share of the balance-sheet total rises from 44.6% to 78.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€42,488▲
2024 · €20,608
Cash flow
€42,544▲
2024 · €17,854
Current ratio
7.93▲
2024 · 2.05
Debt to equity
3.55▲
2024 · 0.81
ROE
8.6%▲
2024 · -8.1%
ROA
1.9%▲
2024 · -4.5%
Interest coverage
129.56▲
2024 · 6.75
Debt ≤ 1 year
€136,330▼
2024 · €175,840
Income taxes
€164▲
2024 · €129
Staff costs
€802,062▼
2024 · €998,100
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €137,214 | €87,959 | €22,225 | €12,367 | ▼ 44.4% |
| Goods, raw materials, services and sundry goods60/61 | - | €256,542 | €483,951 | €293,982 | €298,762 | ▲ 1.6% |
| Remuneration, social security and pensions62 | €1.2m | €1.3m | €1.3m | €998,100 | €802,062 | ▼ 19.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,058 | €18,764 | €36,546 | €35,653 | €21,658 | ▼ 39.3% |
| Other operating charges640/8 | €13,124 | €3,015 | €900 | €2,204 | €1,735 | ▼ 21.3% |
| Gross operating margin9900 | €1.2m | €1.4m | €1.3m | €1.0m | €846,284 | ▼ 17.1% |
| Operating profit (loss)9901 | €651 | €47,386 | -€14,554 | -€15,045 | €20,830 | ▲ 238% |
| Financial income75/76B | €20 | €82 | €564 | €427 | €548 | ▲ 28.4% |
| Recurring financial income75 | €20 | €82 | €564 | €427 | €548 | ▲ 28.4% |
| Financial charges65/66B | €672 | €1,034 | €1,297 | €3,052 | €328 | ▼ 89.3% |
| Recurring financial charges65 | €672 | €1,034 | €1,297 | €3,052 | €328 | ▼ 89.3% |
| Profit (loss) for the period before taxes9903 | - | €46,434 | -€15,287 | -€17,670 | €21,051 | ▲ 219% |
| Income taxes67/77 | - | - | €148 | €129 | €164 | ▲ 27.4% |
| Profit (loss) for the period9904 | - | €46,434 | -€15,434 | -€17,799 | €20,886 | ▲ 217% |
| Profit (loss) for the period to be appropriated9905 | - | €46,434 | -€15,434 | -€17,799 | €20,886 | ▲ 217% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.0m | €755,275 | €648,157 | €398,508 | €1.1m | ▲ 176% |
| Fixed assets21/28 | €45,809 | €44,956 | €62,567 | €38,213 | €19,067 | ▼ 50.1% |
| Intangible fixed assets21 | - | €11,941 | €42,075 | €18,052 | - | - |
| Tangible fixed assets22/27 | €45,809 | €33,015 | €20,492 | €10,178 | €9,084 | ▼ 10.7% |
| Plant, machinery and equipment23 | €29,520 | €19,056 | €8,862 | €878 | €2,114 | ▲ 141% |
| Other tangible fixed assets26 | €16,289 | €13,959 | €11,630 | €9,300 | €6,971 | ▼ 25.0% |
| Financial fixed assets28 | - | - | - | €9,983 | €9,983 | = |
| Current assets29/58 | €998,932 | €710,319 | €585,590 | €360,295 | €1.1m | ▲ 200% |
| Amounts receivable within one year40/41 | €329,808 | €562,620 | €373,634 | €256,905 | €267,883 | ▲ 4.3% |
| Trade receivables40 | €46 | €81,132 | €2,146 | €572 | €3,503 | ▲ 513% |
| Other amounts receivable41 | €329,761 | €481,487 | €371,488 | €256,333 | €264,380 | ▲ 3.1% |
| Cash at bank and in hand54/58 | €646,090 | €138,209 | €202,800 | €99,455 | €808,546 | ▲ 713% |
| Deferred charges and accrued income490/1 | €23,034 | €9,490 | €9,156 | €3,935 | €4,327 | ▲ 10.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.0m | €755,275 | €648,157 | €398,508 | €1.1m | ▲ 176% |
| Equity10/15 | €207,579 | €254,013 | €238,579 | €220,780 | €241,666 | ▲ 9.5% |
| Reserves13 | €207,579 | €207,579 | €207,579 | €207,579 | €207,579 | = |
| Profit (loss) carried forward14 | - | €46,434 | €31,000 | €13,201 | €34,087 | ▲ 158% |
| Amounts payable17/49 | €837,162 | €501,261 | €409,577 | €177,728 | €858,156 | ▲ 383% |
| Amounts payable within one year42/48 | €247,740 | €495,564 | €404,549 | €175,840 | €136,330 | ▼ 22.5% |
| Financial debts43 | - | €199,750 | €200,000 | €2,850 | - | - |
| Other loans439 | - | €199,750 | €200,000 | €2,850 | - | - |
| Trade debts44 | €83,977 | €72,954 | €24,981 | €24,013 | €42,234 | ▲ 75.9% |
| Suppliers440/4 | €83,977 | €72,954 | €24,981 | €24,013 | €42,234 | ▲ 75.9% |
| Taxes, remuneration and social security45 | €162,513 | €222,860 | €172,563 | €141,971 | €94,096 | ▼ 33.7% |
| Taxes450/3 | €18,203 | €61,650 | €26,968 | €13,005 | €8,146 | ▼ 37.4% |
| Remuneration and social security454/9 | €144,311 | €161,210 | €145,594 | €128,966 | €85,950 | ▼ 33.4% |
| Accrued charges and deferred income492/3 | €589,422 | €5,697 | €5,029 | €1,888 | €721,825 | ▲ 38,138% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | - | €46,434 | -€15,434 | -€17,799 | €20,886 | ▲ 217% |
| + Depreciation and write-downs630 | €6,058 | €18,764 | €36,546 | €35,653 | €21,658 | ▼ 39.3% |
| Operating cash flow (approximation) | €6,058 | €65,198 | €21,112 | €17,854 | €42,544 | ▲ 138% |
| Investment in fixed assets (approximation) | - | -€17,911 | -€54,157 | -€11,299 | -€2,512 | ▲ 77.8% |
| Change in cash | - | -€507,882 | €64,592 | -€103,345 | €709,090 | ▲ 786% |
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
04-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €20,886
Net result €20,886 after 2 loss-making years.
31-12
Financial
Liquidity quadruplescurrent ratio 7.93
Current ratio from 2.05 to 7.93; short-term debt falls from €175,840 to €136,330.
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet -€17,799
Net result drops to -€17,799, the lowest in the series; recovery starts the following year.
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €46,434 ▲21,326%
Net result €46,434, the highest in the series.
15-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
15-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
04-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €200,000Eq €207,363 ▲7.6%
2 profitable years in a row build equity to €207,363.
Show earlier events
15-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
19-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 22 acts read
About the unread acts
We know of 22 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
22 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, Vorst · 1 establishment unit since 2006
Ground area
166 m²
Building footprint
131 m²
Volume, LiDAR
1,651 m³
Parcel 21007A0029/00B010, Brussels · tallest building 17.4 m, ±5 floors. Linked by address, not a title deed.
36
companies at this address
See who is registered here
1 establishment unit
FORUM VAN ETNISCH - CULTURELE MINDERHEDEN vzw
since 20062.157.820.230
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21007A0029/00B010 | Brussels | 166 m² | 1 · 131 m² | 17.4 m · 5 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 2025 · 14 entries · 4,320,001 EUR awarded · 3,893,983 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 913,900 EUR | 908,451 EUR |
| 2024 | 4 | 1,979,016 EUR | 1,790,763 EUR |
| 2023 | 4 | 1,076,072 EUR | 944,953 EUR |
| 2022 | 3 | 351,013 EUR | 249,816 EUR |
Schemes
Federal government
2023 · 1 entry · 184,400 EUR in total| Year | Department | Transactions | Amount |
|---|---|---|---|
| 2023 | FOD Beleid & Ondersteuning | 1 | 184,400 EUR |
European Union, budget
2021 · 1 entry · 17,155 EUR in total| Year | Entries | awarded |
|---|---|---|
| 2021 | 1 | 17,155 EUR |
Projects
COP WITHOUT BORDERS - COMMUNITY POLICING WITHOUT BORDERS
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Of 1,008 companies in sector 94120 we hold annual accounts for 351. 254 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formNon-profit association
Founded28-10-2002
Fiscal year end31-12
Abbreviation NL
MINDERHEDENFORUM
Activities, NACEBEL 2025
94120Activities of professional membership organisations
Scores and ratios are computed by Checked and are not a credit decision.