Summary
Lichen is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €137,613 and a net result of €33,712. Equity is growing by ~48.1% per year across the filed fiscal years. Its solvency ranks better than 75% of 9872 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-07-2025, 20 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
20 d early
2023
14 d early
2022
6 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 13 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€137,613▲ 32.4%
2023 · €103,900
Net result
€33,712▼ 49.2%
2023 · €66,321
Total assets
€173,835▲ 15.9%
2023 · €150,028
Solvency
79.2%▲ 9.9pp
2023 · 69.3%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202220232024
Operating result€45,061-€84,298▲ 87.1%€37,023▼ 56.1%
Net result€35,579within the sector's middle half-€66,321within the sector's middle half▲ 86.4%€33,712within the sector's middle half▼ 49.2%
Equity€37,579below the sector's middle half-€103,900within the sector's middle half▲ 176%€137,613within the sector's middle half▲ 32.4%
Total assets€66,427below the sector's middle half-€150,028within the sector's middle half▲ 126%€173,835within the sector's middle half▲ 15.9%
Debt€28,848-€46,127▲ 59.9%€36,223▼ 21.5%
Working capital€8,451within the sector's middle half-€71,420within the sector's middle half▲ 745%€98,444within the sector's middle half▲ 37.8%
Solvency56.6%within the sector's middle half-69.3%within the sector's middle half▲ 12.7pp79.2%above the sector's middle half▲ 9.9pp
Current ratio1.29within the sector's middle half-2.55within the sector's middle half▲ 1.263.72within the sector's middle half▲ 1.17
Return on assets (ROA)53.6%above the sector's middle half-44.2%above the sector's middle half▼ 9.4pp19.4%within the sector's middle half▼ 24.8pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 56% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €173,835
Fixed assets
€39,169 ▲ 20.6%
Current assets
€134,667 ▲ 14.6%
Equity and liabilities €173,835
Equity
€137,613 ▲ 32.4%
Debt
€36,223 ▼ 21.5%
Debt's share of the balance-sheet total falls from 30.7% to 20.8%. Equity is higher and debt is lower.
Key figures and ratios
ROE
24.5%▼
2023 · 63.8%
Debt ≤ 1 year
€36,223▼
2023 · €46,127
Income taxes
€9,196▼
2023 · €18,453
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €376 | €1,584 | €1,880 | ▲ 18.7% |
| Other operating charges640/8 | - | €516 | €1,355 | ▲ 162% |
| Non-recurring operating charges66A | - | €217 | €0 | ▼ 100% |
| Gross operating margin9900 | €45,437 | €86,615 | €40,258 | ▼ 53.5% |
| Operating profit (loss)9901 | €45,061 | €84,298 | €37,023 | ▼ 56.1% |
| Financial income75/76B | €0 | €543 | €6,314 | ▲ 1,063% |
| Recurring financial income75 | €0 | €543 | €6,314 | ▲ 1,063% |
| Financial charges65/66B | €115 | €66 | €429 | ▲ 545% |
| Recurring financial charges65 | €115 | €66 | €429 | ▲ 545% |
| Profit (loss) for the period before taxes9903 | €44,947 | €84,774 | €42,908 | ▼ 49.4% |
| Income taxes67/77 | €9,367 | €18,453 | €9,196 | ▼ 50.2% |
| Profit (loss) for the period9904 | €35,579 | €66,321 | €33,712 | ▼ 49.2% |
| Profit (loss) for the period to be appropriated9905 | €35,579 | €66,321 | €33,712 | ▼ 49.2% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €66,427 | €150,028 | €173,835 | ▲ 15.9% |
| Fixed assets21/28 | €29,128 | €32,480 | €39,169 | ▲ 20.6% |
| Tangible fixed assets22/27 | €29,128 | €32,480 | €39,169 | ▲ 20.6% |
| Land and buildings22 | - | - | €8,387 | - |
| Furniture and vehicles24 | €3,178 | €6,530 | €4,832 | ▼ 26.0% |
| Other tangible fixed assets26 | €25,950 | €25,950 | €25,950 | = |
| Current assets29/58 | €37,299 | €117,548 | €134,667 | ▲ 14.6% |
| Amounts receivable within one year40/41 | €10,746 | €62,519 | €118,538 | ▲ 89.6% |
| Trade receivables40 | €10,000 | €12,500 | €16,970 | ▲ 35.8% |
| Other amounts receivable41 | €746 | €50,019 | €101,568 | ▲ 103% |
| Cash at bank and in hand54/58 | €26,553 | €55,029 | €16,129 | ▼ 70.7% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €66,427 | €150,028 | €173,835 | ▲ 15.9% |
| Equity10/15 | €37,579 | €103,900 | €137,613 | ▲ 32.4% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €35,579 | €101,900 | €135,613 | ▲ 33.1% |
| Amounts payable17/49 | €28,848 | €46,127 | €36,223 | ▼ 21.5% |
| Amounts payable within one year42/48 | €28,848 | €46,127 | €36,223 | ▼ 21.5% |
| Financial debts43 | €1,606 | €2,877 | €251 | ▼ 91.3% |
| Credit institutions430/8 | €1,606 | €2,877 | €251 | ▼ 91.3% |
| Trade debts44 | €2,333 | €4,634 | €2,063 | ▼ 55.5% |
| Suppliers440/4 | €2,333 | €4,634 | €2,063 | ▼ 55.5% |
| Advances received on contracts in progress46 | €12,100 | €0 | - | - |
| Taxes, remuneration and social security45 | €12,375 | €38,617 | €33,908 | ▼ 12.2% |
| Taxes450/3 | €12,375 | €38,617 | €31,508 | ▼ 18.4% |
| Remuneration and social security454/9 | - | - | €2,400 | - |
| Other amounts payable47/48 | €434 | €0 | - | - |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €35,579 | €66,321 | €33,712 | ▼ 49.2% |
| + Depreciation and write-downs630 | €376 | €1,584 | €1,880 | ▲ 18.7% |
| Operating cash flow (approximation) | €35,955 | €67,905 | €35,592 | ▼ 47.6% |
| Investment in fixed assets (approximation) | - | -€4,936 | -€8,569 | ▼ 73.6% |
| Change in cash | - | €28,476 | -€38,900 | ▼ 237% |
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
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €33,712 ▼49.2%
Net result drops to €33,712, the lowest in the series.
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2022net €66,321 ▲86.4%
Operating result €84,298, net result €66,321, both a record.
31-12
Financial
Equity above €100,000Eq €103,900 ▲176%
2 profitable years in a row build equity to €103,900.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Sint-Agatha-Berchem · 1 establishment unit since 2021
Ground area
139 m²
Parcel 21003A0142/00M003, Brussels. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Lichen
since 20212.324.601.733
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21003A0142/00M003 | Brussels | 139 m² | - | - |
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.
Similar companies · same sector, comparable size
Linafar
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MIMMOSA
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SCIN
BE 1001.757.305
Bilzen-Hoeselt · Eq €137,662
Of 24,729 companies in sector 64210 we hold annual accounts for 19,799. 13,060 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
Founded18-10-2021
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0775874690
Also
9925:BE0775874690
Registered
25-04-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.