LEVLS IT
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 16-03-2026 PDF all 6 filings
Turnover
≈ €150,000
Estimated: probably between €100,000 and €350,000
Total assets
€60,997▼ 6.3%
2024 · €65,102
Net result
€34,405▼ 3.8%
2024 · €35,775
Working capital
€2,067▼ 84.0%
2024 · €12,948
Multi-year overview
2020 to 2025, 6 financial yearsOperating result
€44,707
▼ 3.5%
2025
20202025
Net result
€34,405
▼ 3.8%
2025
highest quarter of the sector
20202025
Equity
€6,241
▼ 65.0%
2025
lowest quarter of the sector
20202025
Total assets
€60,997
▼ 6.3%
2025
middle half of the sector
20202025
Debt
€54,756
▲ 15.8%
2025
20202025
Working capital
€2,067
▼ 84.0%
2025
middle half of the sector
20202025
Solvency
10.2%
▼ 17.2pp
2025
lowest quarter of the sector
20202025
Current ratio
1.04
▼ 0.24
2025
middle half of the sector
20202025
Return on assets (ROA)
56.4%
▲ 1.5pp
2025
highest quarter of the sector
20202025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202020212022202320242025
Operating result€31,620-€11,000▼ 65.2%€15,385▲ 39.9%€28,595▲ 85.9%€46,338▲ 62.0%€44,707▼ 3.5%
Net result€24,813above the sector's middle half-€7,940within the sector's middle half▼ 68.0%€11,534within the sector's middle half▲ 45.3%€22,027within the sector's middle half▲ 91.0%€35,775above the sector's middle half▲ 62.4%€34,405above the sector's middle half▼ 3.8%
Equity€30,813within the sector's middle half-€38,752within the sector's middle half▲ 25.8%€18,858within the sector's middle half▼ 51.3%€17,354within the sector's middle half▼ 8.0%€17,836within the sector's middle half▲ 2.8%€6,241below the sector's middle half▼ 65.0%
Total assets€43,992below the sector's middle half-€57,394within the sector's middle half▲ 30.5%€28,106below the sector's middle half▼ 51.0%€46,421below the sector's middle half▲ 65.2%€65,102within the sector's middle half▲ 40.2%€60,997within the sector's middle half▼ 6.3%
Debt€13,180-€18,641▲ 41.4%€9,248▼ 50.4%€29,067▲ 214%€47,267▲ 62.6%€54,756▲ 15.8%
Working capital€20,888within the sector's middle half-€29,978within the sector's middle half▲ 43.5%€12,103within the sector's middle half▼ 59.6%€12,600within the sector's middle half▲ 4.1%€12,948within the sector's middle half▲ 2.8%€2,067within the sector's middle half▼ 84.0%
Solvency70.0%above the sector's middle half-67.5%above the sector's middle half▼ 2.5pp67.1%above the sector's middle half▼ 0.4pp37.4%within the sector's middle half▼ 29.7pp27.4%within the sector's middle half▼ 10.0pp10.2%below the sector's middle half▼ 17.2pp
Current ratio2.58within the sector's middle half-2.61within the sector's middle half▲ 0.022.31within the sector's middle half▼ 0.301.43within the sector's middle half▼ 0.881.27within the sector's middle half▼ 0.161.04within the sector's middle half▼ 0.24
Return on assets (ROA)56.4%above the sector's middle half-13.8%above the sector's middle half▼ 42.6pp41.0%above the sector's middle half▲ 27.2pp47.4%above the sector's middle half▲ 6.4pp55.0%above the sector's middle half▲ 7.5pp56.4%above the sector's middle half▲ 1.5pp
above
within
below
The sector band is the middle half of the companies in Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 4% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €60,997
Fixed assets
€4,174 ▼ 14.6%
Current assets
€56,824 ▼ 5.6%
Equity and liabilities €60,997
Equity
€6,241 ▼ 65.0%
Debt
€54,756 ▲ 15.8%
Debt's share of the balance-sheet total rises from 72.6% to 89.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€45,531▼
2024 · €48,113
Cash flow
€35,228▼
2024 · €37,551
Debt to equity
8.77▲
2024 · 2.65
ROE
551.3%▲
2024 · 200.6%
Interest coverage
32.97▼
2024 · over 100
Debt ≤ 1 year
€54,756▲
2024 · €47,267
Income taxes
€8,931▼
2024 · €10,247
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | €1,908 | €495 |
| Intangible fixed assets | - | - | - | - | €0 |
| Financial fixed assets | €870 | - | - | - | - |
| Depreciation and write-downs of the year | €2,020 | €2,020 | €2,000 | €1,775 | €823 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,014 | €2,020 | €2,020 | €2,000 | €1,775 | €823 | ▼ 53.6% |
| Other operating charges640/8 | - | €495 | €618 | €612 | €797 | €679 | ▼ 14.8% |
| Gross operating margin9900 | €33,288 | €13,515 | €18,023 | €31,206 | €48,910 | €46,210 | ▼ 5.5% |
| Operating profit (loss)9901 | €31,620 | €11,000 | €15,385 | €28,595 | €46,338 | €44,707 | ▼ 3.5% |
| Financial income75/76B | - | €9 | €5 | €10 | €0 | €10 | ▲ 52× |
| Recurring financial income75 | €7 | €9 | €5 | €10 | €0 | €10 | ▲ 52× |
| Financial charges65/66B | - | €44 | €65 | €92 | €315 | €1,381 | ▲ 338% |
| Recurring financial charges65 | €66 | €44 | €65 | €92 | €315 | €1,381 | ▲ 338% |
| Profit (loss) for the period before taxes9903 | €31,562 | €10,965 | €15,325 | €28,513 | €46,023 | €43,336 | ▼ 5.8% |
| Income taxes67/77 | €6,749 | €3,025 | €3,791 | €6,487 | €10,247 | €8,931 | ▼ 12.8% |
| Profit (loss) for the period9904 | €24,813 | €7,940 | €11,534 | €22,027 | €35,775 | €34,405 | ▼ 3.8% |
| Profit (loss) for the period to be appropriated9905 | €24,813 | €7,940 | €11,534 | €22,027 | €35,775 | €34,405 | ▼ 3.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €43,992 | €57,394 | €28,106 | €46,421 | €65,102 | €60,997 | ▼ 6.3% |
| Fixed assets21/28 | €9,924 | €8,775 | €6,755 | €4,755 | €4,888 | €4,174 | ▼ 14.6% |
| Tangible fixed assets22/27 | €8,174 | €6,155 | €4,135 | €2,135 | €2,268 | €1,554 | ▼ 31.5% |
| Plant, machinery and equipment23 | - | €890 | €435 | - | €1,171 | €1,206 | ▲ 3.0% |
| Furniture and vehicles24 | - | €5,264 | €3,699 | €2,135 | €1,097 | €348 | ▼ 68.3% |
| Financial fixed assets28 | €1,750 | €2,620 | €2,620 | €2,620 | €2,620 | €2,620 | = |
| Current assets29/58 | €34,068 | €48,619 | €21,352 | €41,667 | €60,215 | €56,824 | ▼ 5.6% |
| Amounts receivable within one year40/41 | €9,244 | €8,849 | €10,217 | €16,009 | €11,920 | €8,284 | ▼ 30.5% |
| Trade receivables40 | - | €8,849 | €10,198 | €15,995 | €11,920 | €8,284 | ▼ 30.5% |
| Other amounts receivable41 | - | - | €19 | €13 | - | - | - |
| Cash at bank and in hand54/58 | €24,035 | €38,644 | €9,879 | €24,378 | €46,922 | €44,677 | ▼ 4.8% |
| Deferred charges and accrued income490/1 | - | €1,125 | €1,256 | €1,280 | €1,373 | €3,862 | ▲ 181% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €43,992 | €57,394 | €28,106 | €46,421 | €65,102 | €60,997 | ▼ 6.3% |
| Equity10/15 | €30,813 | €38,752 | €18,858 | €17,354 | €17,836 | €6,241 | ▼ 65.0% |
| Contributions10/11 | - | €6,000 | €6,000 | €6,000 | €6,000 | €6,000 | = |
| Reserves13 | €24,813 | €32,752 | €12,858 | €11,354 | €11,836 | €241 | ▼ 98.0% |
| Distributable reserves133 | - | €32,752 | €12,858 | €11,354 | €11,836 | €241 | ▼ 98.0% |
| Amounts payable17/49 | €13,180 | €18,641 | €9,248 | €29,067 | €47,267 | €54,756 | ▲ 15.8% |
| Amounts payable within one year42/48 | €13,180 | €18,641 | €9,248 | €29,067 | €47,267 | €54,756 | ▲ 15.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €1,667 | - | - |
| Trade debts44 | €960 | €7,438 | €53 | €157 | €18 | €1,150 | ▲ 63× |
| Suppliers440/4 | - | €7,438 | €53 | €157 | €18 | €1,150 | ▲ 63× |
| Taxes, remuneration and social security45 | - | €11,204 | €9,195 | €5,380 | €10,276 | €7,594 | ▼ 26.1% |
| Taxes450/3 | - | €9,004 | €9,195 | €5,380 | €10,276 | €7,594 | ▼ 26.1% |
| Remuneration and social security454/9 | - | €2,200 | - | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €23,530 | €35,306 | €46,012 | ▲ 30.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,813 | €7,940 | €11,534 | €22,027 | €35,775 | €34,405 | ▼ 3.8% |
| + Depreciation and write-downs630 | €1,014 | €2,020 | €2,020 | €2,000 | €1,775 | €823 | ▼ 53.6% |
| Operating cash flow (approximation) | €25,827 | €9,960 | €13,554 | €24,026 | €37,551 | €35,228 | ▼ 6.2% |
| Investment in fixed assets (approximation) | - | -€870 | €0 | €0 | -€1,908 | -€109 | ▲ 94.3% |
| Change in cash | - | €14,609 | -€28,766 | €14,499 | €22,544 | -€2,245 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,713 companies had the same profile as LEVLS IT has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
95.8%
was still going
2.2%
stopped otherwise
1.8%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LEVLS IT itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,713 companies, not a prediction for LEVLS IT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 16-03-2026 | 2026-00055152 | |
| 31-12-2024 | micro format | 26-06-2025 | 2025-00182599 | |
| 31-12-2023 | micro format | 08-03-2024 | 2024-00040889 | |
| 31-12-2022 | micro format | 22-06-2023 | 2023-00152211 | |
| 31-12-2021 | micro format | 17-06-2022 | 2022-20070300 | |
| 31-12-2020 | micro format | 25-06-2021 | 2021-25200325 |