LF AVOCATS
ActiveSummary
LF AVOCATS has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €240k and a net result of €121k. Equity is growing by ~21.1% per year across the filed fiscal years. Its solvency ranks better than 56% of 1740 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability94▼-6
Solvency66▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity ample (current ratio 1.68 against 1.54 in 2023; short-term debt: 55.6% and cash: 37.4% of total assets), but 59.1% of the assets are financed with debt.
Credit check for your own amount and term
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 →
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 dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-08-2025, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
27 d late
2023
on the day
2022
21 d late
2021
24 d late
2020
10 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€121k▼ 40.9%
2023 · €204k
2020: €56k
2021: €65k▲ +14.6% vs 2020
2022: €41k▼ -35.9% vs 2021lowest in 5 years
2023: €204k▲ +394% vs 2022highest in 5 years
2024: €121k▼ -40.9% vs 2023
2020 → 2024
Working capital
€224k▲ 19.1%
2023 · €188k
2020: €79klowest in 5 years
2021: €137k▲ +73.3% vs 2020
2022: €145k▲ +6.4% vs 2021
2023: €188k▲ +29.1% vs 2022
2024: €224k▲ +19.1% vs 2023highest in 5 years
2020 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€94k-€159k▲ 68.8%€170k▲ 7.2%€207k▲ 22.0%€240k▲ 15.8%
2020: €94klowest in 5 years
2021: €159k▲ +68.8% vs 2020
2022: €170k▲ +7.2% vs 2021
2023: €207k▲ +22.0% vs 2022
2024: €240k▲ +15.8% vs 2023highest in 5 years
Operating result€101k-€91k▼ 9.8%€49k▼ 46.9%€217k▲ 347%€139k▼ 36.1%
2020: €101k
2021: €91k▼ -9.8% vs 2020
2022: €49k▼ -46.9% vs 2021lowest in 5 years
2023: €217k▲ +347% vs 2022highest in 5 years
2024: €139k▼ -36.1% vs 2023
Net result€56k-€65k▲ 14.6%€41k▼ 35.9%€204k▲ 394%€121k▼ 40.9%
2020: €56k
2021: €65k▲ +14.6% vs 2020
2022: €41k▼ -35.9% vs 2021lowest in 5 years
2023: €204k▲ +394% vs 2022highest in 5 years
2024: €121k▼ -40.9% vs 2023
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 36% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €588k
Fixed assets
€37k ▼ 33.5%
Current assets
€551k ▲ 2.2%
Equity and liabilities €588k
Equity
€240k ▲ 15.8%
Debt
€348k ▼ 10.2%
Debt's share of the balance-sheet total falls from 65.1% to 59.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€158k▼
2023 · €237k
Cash flow
€140k▼
2023 · €224k
Current ratio
1.68▲
2023 · 1.54
Debt to equity
1.45▼
2023 · 1.87
ROE
50.3%▼
2023 · 98.6%
ROA
20.5%▼
2023 · 34.4%
Interest coverage
63.91▼
2023 · 192.74
Debt ≤ 1 year
€327k▼
2023 · €351k
Debt > 1 year
€21k▼
2023 · €36k
Income taxes
€15k▲
2023 · €13k
Staff costs
€56k▲
2023 · €42k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 54 lines
Balance sheet
Code20232024
Assets
Total assets20/58€595k€588k▼
Fixed assets21/28€56k€37k▼
Intangible fixed assets21€45k€30k▼
Tangible fixed assets22/27€10k€7k▼
Furniture and vehicles24€9k€5k▼
Other tangible fixed assets26€2k€1k▼
Financial fixed assets28€260€260=
Current assets29/58€539k€551k▲
Amounts receivable within one year40/41€344k€329k▼
Trade receivables40€258k€268k▲
Other amounts receivable41€87k€61k▼
Cash at bank and in hand54/58€193k€220k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€595k€588k▼
Equity10/15€207k€240k▲
Contributions10/11€600€600=
Reserves13€1k€1k=
Non-distributable reserves130/1€30€30=
Reserves not available under the articles1311€30€30=
Distributable reserves133€1k€1k=
Profit (loss) carried forward14€206k€239k▲
Amounts payable17/49€387k€348k▼
Amounts payable after more than one year17€36k€21k▼
Financial debts170/4€36k€21k▼
Amounts payable within one year42/48€351k€327k▼
Current portion of amounts payable after more than one year42€15k€15k▲
Trade debts44€46k€127k▲
Suppliers440/4€46k€127k▲
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€34k€18k▼
Taxes450/3€28k€10k▼
Remuneration and social security454/9€6k€8k▲
Other amounts payable47/48€257k€167k▼
Accrued charges and deferred income492/3€384-
Income statement
Code20232024
Non-recurring operating income76A-€193
Remuneration, social security and pensions62€42k€56k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€19k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-1k€18k▲
Other operating charges640/8€574€387▼
Gross operating margin9900€279k€231k▼
Operating profit (loss)9901€217k€139k▼
Financial income75/76B€2k€20▼
Recurring financial income75€2k€20▼
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€218k€136k▼
Income taxes67/77€13k€15k▲
Profit (loss) for the period9904€204k€121k▼
Profit (loss) for the period to be appropriated9905€204k€121k▼
Appropriation of the result
Profit (loss) to be appropriated9906€373k€327k▼
Profit (loss) brought forward from the previous period14P€168k€206k▲
Profit to be distributed694/7€167k€88k▼
Directors or managers695€167k€88k▼
Social balance
Average headcount (FTE)90871.01.5▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €193 | - |
| Remuneration, social security and pensions62 | - | €41k | €42k | €42k | €56k | ▲ 32.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17k | €18k | €20k | €20k | €19k | ▼ 4.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €-21k | €-1k | €18k | ▲ 1,855% |
| Other operating charges640/8 | - | €983 | €29k | €574 | €387 | ▼ 32.5% |
| Gross operating margin9900 | €167k | €151k | €118k | €279k | €231k | ▼ 16.9% |
| Operating profit (loss)9901 | €101k | €91k | €49k | €217k | €139k | ▼ 36.1% |
| Financial income75/76B | - | - | €1k | €2k | €20 | ▼ 98.9% |
| Recurring financial income75 | €81 | - | €1k | €2k | €20 | ▼ 98.9% |
| Financial charges65/66B | - | €1k | €2k | €1k | €2k | ▲ 101% |
| Recurring financial charges65 | €1k | €1k | €2k | €1k | €2k | ▲ 101% |
| Profit (loss) for the period before taxes9903 | €100k | €90k | €48k | €218k | €136k | ▼ 37.4% |
| Income taxes67/77 | €44k | €26k | €6k | €13k | €15k | ▲ 15.4% |
| Profit (loss) for the period9904 | €56k | €65k | €41k | €204k | €121k | ▼ 40.9% |
| Transfer from tax-exempt reserves789 | - | €33k | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €56k | €98k | €41k | €204k | €121k | ▼ 40.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €282k | €314k | €404k | €595k | €588k | ▼ 1.1% |
| Fixed assets21/28 | €96k | €88k | €75k | €56k | €37k | ▼ 33.5% |
| Intangible fixed assets21 | €90k | €75k | €60k | €45k | €30k | ▼ 33.3% |
| Tangible fixed assets22/27 | €5k | €12k | €15k | €10k | €7k | ▼ 35.2% |
| Furniture and vehicles24 | - | €12k | €13k | €9k | €5k | ▼ 38.9% |
| Other tangible fixed assets26 | - | €468 | €2k | €2k | €1k | ▼ 15.1% |
| Financial fixed assets28 | €260 | €260 | €260 | €260 | €260 | = |
| Current assets29/58 | €186k | €226k | €329k | €539k | €551k | ▲ 2.2% |
| Amounts receivable within one year40/41 | €62k | €171k | €192k | €344k | €329k | ▼ 4.5% |
| Trade receivables40 | - | €128k | €86k | €258k | €268k | ▲ 3.9% |
| Other amounts receivable41 | - | €43k | €106k | €87k | €61k | ▼ 29.5% |
| Cash at bank and in hand54/58 | €124k | €55k | €137k | €193k | €220k | ▲ 14.2% |
| Deferred charges and accrued income490/1 | - | - | €184 | €2k | €2k | ▲ 0.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €282k | €314k | €404k | €595k | €588k | ▼ 1.1% |
| Equity10/15 | €94k | €159k | €170k | €207k | €240k | ▲ 15.8% |
| Contributions10/11 | - | €600 | €600 | €600 | €600 | = |
| Reserves13 | €34k | €1k | €1k | €1k | €1k | = |
| Non-distributable reserves130/1 | - | €30 | €30 | €30 | €30 | = |
| Reserves not available under the articles1311 | - | €30 | €30 | €30 | €30 | = |
| Distributable reserves133 | - | €1k | €1k | €1k | €1k | = |
| Profit (loss) carried forward14 | €59k | €157k | €168k | €206k | €239k | ▲ 15.9% |
| Amounts payable17/49 | €188k | €156k | €234k | €387k | €348k | ▼ 10.2% |
| Amounts payable after more than one year17 | €81k | €66k | €51k | €36k | €21k | ▼ 42.6% |
| Financial debts170/4 | - | €66k | €51k | €36k | €21k | ▼ 42.6% |
| Amounts payable within one year42/48 | €107k | €90k | €183k | €351k | €327k | ▼ 6.8% |
| Current portion of amounts payable after more than one year42 | - | €15k | €15k | €15k | €15k | ▲ 1.0% |
| Trade debts44 | €39k | €6k | €29k | €46k | €127k | ▲ 177% |
| Suppliers440/4 | - | €6k | €29k | €46k | €127k | ▲ 177% |
| Advances received on contracts in progress46 | - | €3k | €6k | €0 | - | - |
| Taxes, remuneration and social security45 | - | €65k | €39k | €34k | €18k | ▼ 47.5% |
| Taxes450/3 | - | €60k | €33k | €28k | €10k | ▼ 63.6% |
| Remuneration and social security454/9 | - | €5k | €6k | €6k | €8k | ▲ 29.4% |
| Other amounts payable47/48 | - | - | €95k | €257k | €167k | ▼ 34.8% |
| Accrued charges and deferred income492/3 | - | - | - | €384 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €56k | €65k | €41k | €204k | €121k | ▼ 40.9% |
| + Depreciation and write-downs630 | €17k | €18k | €20k | €20k | €19k | ▼ 4.1% |
| Operating cash flow (approximation) | €74k | €82k | €61k | €224k | €140k | ▼ 37.7% |
| Investment in fixed assets (approximation) | - | €-10k | €-8k | €0 | €-193 | - |
| Change in cash | - | €-69k | €81k | €56k | €27k | ▼ 51.1% |
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
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 27 days late
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2020net €204k ▲394%
Operating result €217k, net result €204k, both a record.
31-12
Financial
Equity above €200kEq €207k ▲22%
4 profitable years in a row build equity to €207k.
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
2022
31-12
Financial
Weakest financial yearnet €41k ▼35.9%
Net result drops to €41k, the lowest in the series; recovery starts the following year.
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
31-12
Financial
Equity above €150kEq €159k ▲68.8%
2 profitable years in a row build equity to €159k.
10-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 10 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Liège · 1 establishment unit since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Av. Constantin-de-Gerlache 414000 LiègeGround area
1,643 m²
Building footprint
130 m²
Volume, LiDAR
749 m³
Parcel 62012C0058/00L000, Wallonia · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LF AVOCATS
since 20202.301.002.425
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62012C0058/00L000 | Wallonia | 1,643 m² | 1 · 130 m² | 7.6 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.
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Of 22,056 companies in sector 69101 we hold annual accounts for 9,055. 7,043 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
Founded30-03-2020
Fiscal year end31-12
Activities, NACEBEL 2025
69101Activities of lawyers
Scores and ratios are computed by Checked and are not a credit decision.