Li Wan
ActiveLi Wan has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €25k and a net result of €-21k. Equity is growing by ~13.7% per year across the filed fiscal years. Its solvency ranks better than 39% of 31697 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
51
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-77
Solvency67▼-21
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.17 against 0.41 in 2024; short-term debt: 58.2% and cash: 8.7% of total assets), and 58.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
Sector 70
lower
← 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 2025Solvency, return and age of the figures
Solvency
41.8%
Return on assets
-35%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-08-2026, 15 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
15 d late
2024
on the day
2023
40 d late
2022
60 d late
2021
92 d late
← before the deadline
after the deadline →
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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€25k▼ 45.6%
2024 · €45k
2021: €26k
2022: €29k
2023: €40k
2024: €45k
2021 → 2025
Total assets
€59k▼ 17.4%
2024 · €71k
2021: €66k
2022: €72k
2023: €108k
2024: €71k
2021 → 2025
Net result
€-21k
2024 · €5k
2021: €-512
2022: €38k
2023: €12k
2024: €5k
2021 → 2025
Working capital
€-28k▼ 87.1%
2024 · €-15k
2021: €7k
2022: €31k
2023: €-24k
2024: €-15k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€26k-€29k▲ 11.3%€40k▲ 40.3%€45k▲ 12.3%€25k▼ 45.6%
Operating result€3k-€55k▲ 1,791%€18k▼ 68.1%€9k▼ 50.1%€-20k
Net result€-512-€38k€12k▼ 69.5%€5k▼ 57.2%€-21k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €20k after €9k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €59k
Fixed assets
€53k▼ 12.1%
Current assets
€6k▼ 46.8%
Equity and liabilities €59k
Equity
€25k▼ 45.6%
Debt
€34k▲ 31.6%
The debt ratio rises from 36.6% to 58.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-13k▼
2024 · €16k
Cash flow
€-13k▼
2024 · €13k
Solvency
41.8%▼
2024 · 63.4%
Current ratio
0.17▼
2024 · 0.41
Quick ratio
0.17▼
2024 · 0.41
Debt / equity
1.39▲
2024 · 0.58
ROE
-83.7%▼
2024 · 10.9%
ROA
-35.0%▼
2024 · 6.9%
Interest coverage
-27.09▼
2024 · 19.42
Debt
€34k▲
2024 · €26k
Debt ≤ 1 year
€34k▲
2024 · €26k
Income taxes
€286▼
2024 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€71k€59k▼
Fixed assets21/28€60k€53k▼
Tangible fixed assets22/27€60k€53k▼
Furniture and vehicles24€2k€1k▼
Other tangible fixed assets26€59k€52k▼
Current assets29/58€11k€6k▼
Amounts receivable within one year40/41€4k€321▼
Trade receivables40€4k-
Other amounts receivable41€217€321▲
Cash at bank and in hand54/58€6k€5k▼
Deferred charges and accrued income490/1-€318
Equity and liabilities
Total equity and liabilities10/49€71k€59k▼
Equity10/15€45k€25k▼
Contributions10/11€1k€1k=
Reserves13€20k€20k=
Non-distributable reserves130/1€100€100=
Reserves not available under the articles1311€100€100=
Distributable reserves133€19k€19k=
Profit (loss) carried forward14€25k€4k▼
Amounts payable17/49€26k€34k▲
Amounts payable within one year42/48€26k€34k▲
Trade debts44€2k€4k▲
Suppliers440/4€2k€4k▲
Taxes, remuneration and social security45€5k€156▼
Taxes450/3€5k€156▼
Other amounts payable47/48€19k€30k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€7k▼
Other operating charges640/8€984€400▼
Gross operating margin9900€17k€-12k▼
Operating profit (loss)9901€9k€-20k▼
Financial income75/76B€671-
Recurring financial income75€671-
Financial charges65/66B€845€462▼
Recurring financial charges65€845€462▼
Profit (loss) for the period before taxes9903€9k€-20k▼
Income taxes67/77€4k€286▼
Profit (loss) for the period9904€5k€-21k▼
Profit (loss) for the period to be appropriated9905€5k€-21k▼
Appropriation of the result
Profit (loss) to be appropriated9906€30k€4k▼
Profit (loss) brought forward from the previous period14P€25k€25k=
Transfer to equity691/2€5k-
To other reserves6921€5k-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-08
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation2 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation2 facts ▸
- General meeting, 2026-06-16
- Director resignation, Hongying Sun (gérant)
15-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 15 days late
2025
31-12
Financial
Weakest financial yearnet €-21k ▼516%
Net result drops to €-21k, the lowest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
09-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 40 days late
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
31-12
Financial
Back to profitnet €38k
Net result €38k after one loss-making year.
31-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 92 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
16-06-2026
Resigned as Gérant
Location & real-estate footprint
Registered office, Oudergem · 1 establishment unit since 2017
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.
Josse Smetslaan 311160 OudergemGround area
630 m²
Building footprint
164 m²
Volume, LiDAR
1,651 m³
Parcel 21002A0113/00R011, Brussels · tallest building 13.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Li Wan
since 20172.267.373.515
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21002A0113/00R011 | Brussels | 630 m² | 1 · 164 m² | 13.8 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
European research
1 project · 52,500 EUR EU contributionProgrammes
h2020
Projects
Integrated Urban Electric Mobility Solutions in the Context of the Paris Agreement, the Sustainable Development Goals and the New Urban Agenda
Similar companies · same sector, comparable size
DUGARDYN TANGHE
BE 1018.258.191
Brugge · Eq €25k
MD Fleet Consulting
BE 0651.654.413
Liège · Eq €25k
Optim HR
BE 0674.909.568
Watermaal-Bosvoorde · Eq €25k
PUNTMUM
BE 0809.384.628
Merchtem · Eq €25k
LOUWAGIE CONSULTING
BE 0667.810.851
Laarne · Eq €25k
Of 82,569 companies in sector 70200 we hold annual accounts for 52,577. 32,743 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-08-2017
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.