LIECA
ActiveSummary
LIECA has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €264,255 and a net result of €40,602. Equity is growing by ~20.3% per year across the filed fiscal years. Its solvency ranks better than 53% of 12819 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▲+1
Solvency84▼-12
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22,000 at 30 days acceptable
Liquidity ample (current ratio 2.03 against 2.71 in 2024; short-term debt: 39.4% and cash: 45% of total assets), and 40.9% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers 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 →
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
59.1%
Return on assets
9.1%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 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 · 10 filingsDeviation from the deadline
2025
24 d late
2024
26 d late
2023
9 d early
2022
23 d late
2021
29 d late
2020
27 d late
2019
73 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 28 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
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. Usually files around 24 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Equity
€264,255▼ 7.7%
2024 · €286,318
Total assets
€446,814▲ 11.0%
2024 · €402,451
Net result
€40,602▲ 20.0%
2024 · €33,845
Working capital
€182,036▼ 2.3%
2024 · €186,294
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, 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
Line20212022202320242025
Operating result€39,264▼ 31.8%€50,613▲ 28.9%€79,937▲ 57.9%€53,182▼ 33.5%€59,108▲ 11.1%
Net result€24,346within the sector's middle half▼ 36.9%€33,028within the sector's middle half▲ 35.7%€53,858within the sector's middle half▲ 63.1%€33,845within the sector's middle half▼ 37.2%€40,602within the sector's middle half▲ 20.0%
Equity€165,586within the sector's middle half▲ 17.2%€198,615within the sector's middle half▲ 19.9%€252,473within the sector's middle half▲ 27.1%€286,318above the sector's middle half▲ 13.4%€264,255above the sector's middle half▼ 7.7%
Total assets€278,682within the sector's middle half▲ 9.6%€331,421within the sector's middle half▲ 18.9%€384,703within the sector's middle half▲ 16.1%€402,451within the sector's middle half▲ 4.6%€446,814within the sector's middle half▲ 11.0%
Debt€113,096=€132,807▲ 17.4%€132,230▼ 0.4%€116,133▼ 12.2%€182,559▲ 57.2%
Working capital€62,388within the sector's middle half▲ 276%€57,056within the sector's middle half▼ 8.5%€128,362within the sector's middle half▲ 125%€186,294above the sector's middle half▲ 45.1%€182,036above the sector's middle half▼ 2.3%
Solvency59.4%within the sector's middle half▲ 3.9pp59.9%within the sector's middle half▲ 0.5pp65.6%within the sector's middle half▲ 5.7pp71.1%within the sector's middle half▲ 5.5pp59.1%within the sector's middle half▼ 12.0pp
Current ratio1.57within the sector's middle half▲ 0.421.48within the sector's middle half▼ 0.092.03within the sector's middle half▲ 0.562.71within the sector's middle half▲ 0.672.03within the sector's middle half▼ 0.67
Return on assets (ROA)8.7%within the sector's middle half▼ 6.4pp10.0%within the sector's middle half▲ 1.2pp14.0%within the sector's middle half▲ 4.0pp8.4%within the sector's middle half▼ 5.6pp9.1%within the sector's middle half▲ 0.7pp
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, 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 recovers in 2025; 2025 is 11% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €446,814
Fixed assets
€88,521 ▼ 17.3%
Current assets
€358,293 ▲ 21.3%
Equity and liabilities €446,814
Equity
€264,255 ▼ 7.7%
Debt
€182,559 ▲ 57.2%
Debt's share of the balance-sheet total rises from 28.9% to 40.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€77,697▼
2024 · €78,315
Cash flow
€59,191▲
2024 · €58,978
Debt to equity
0.69▲
2024 · 0.41
ROE
15.4%▲
2024 · 11.8%
Interest coverage
11.83▲
2024 · 10.61
Debt ≤ 1 year
€176,257▲
2024 · €109,130
Income taxes
€15,814▲
2024 · €13,278
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,679 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €917 | €463 | €33 | €246 | €478 | ▲ 94.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,079 | €20,616 | €25,802 | €25,133 | €18,589 | ▼ 26.0% |
| Other operating charges640/8 | €2,265 | €2,891 | €2,331 | €2,383 | €2,559 | ▲ 7.4% |
| Non-recurring operating charges66A | €372 | - | - | - | - | - |
| Gross operating margin9900 | €61,980 | €74,120 | €108,070 | €80,698 | €80,256 | ▼ 0.5% |
| Operating profit (loss)9901 | €39,264 | €50,613 | €79,937 | €53,182 | €59,108 | ▲ 11.1% |
| Financial income75/76B | - | €0 | €349 | €1,319 | €3,875 | ▲ 194% |
| Recurring financial income75 | - | €0 | €349 | €1,319 | €3,875 | ▲ 194% |
| Financial charges65/66B | €3,612 | €4,067 | €5,591 | €7,378 | €6,567 | ▼ 11.0% |
| Recurring financial charges65 | €3,612 | €4,067 | €5,591 | €7,378 | €6,567 | ▼ 11.0% |
| Profit (loss) for the period before taxes9903 | €35,652 | €46,546 | €74,696 | €47,123 | €56,415 | ▲ 19.7% |
| Income taxes67/77 | €11,306 | €13,518 | €20,837 | €13,278 | €15,814 | ▲ 19.1% |
| Profit (loss) for the period9904 | €24,346 | €33,028 | €53,858 | €33,845 | €40,602 | ▲ 20.0% |
| Profit (loss) for the period to be appropriated9905 | €24,346 | €33,028 | €53,858 | €33,845 | €40,602 | ▲ 20.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €278,682 | €331,421 | €384,703 | €402,451 | €446,814 | ▲ 11.0% |
| Fixed assets21/28 | €106,662 | €154,857 | €132,159 | €107,027 | €88,521 | ▼ 17.3% |
| Intangible fixed assets21 | €14,167 | €9,167 | €4,167 | - | - | - |
| Tangible fixed assets22/27 | €92,495 | €145,690 | €127,992 | €107,027 | €88,521 | ▼ 17.3% |
| Land and buildings22 | €82,404 | €80,190 | €78,700 | €73,942 | €69,183 | ▼ 6.4% |
| Plant, machinery and equipment23 | €7,022 | €5,022 | €3,022 | €1,022 | - | - |
| Furniture and vehicles24 | - | €58,353 | €45,000 | €31,646 | €19,305 | ▼ 39.0% |
| Other tangible fixed assets26 | €3,070 | €2,125 | €1,271 | €417 | €32 | ▼ 92.3% |
| Current assets29/58 | €172,020 | €176,564 | €252,544 | €295,424 | €358,293 | ▲ 21.3% |
| Amounts receivable within one year40/41 | €103,107 | €89,543 | €126,354 | €101,604 | €154,587 | ▲ 52.1% |
| Trade receivables40 | €94,377 | €84,601 | €116,790 | €69,888 | €82,640 | ▲ 18.2% |
| Other amounts receivable41 | €8,730 | €4,943 | €9,563 | €31,716 | €71,947 | ▲ 127% |
| Current investments50/53 | - | - | - | €50,000 | - | - |
| Cash at bank and in hand54/58 | €68,674 | €86,712 | €126,068 | €142,858 | €200,904 | ▲ 40.6% |
| Deferred charges and accrued income490/1 | €239 | €309 | €122 | €962 | €2,803 | ▲ 191% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €278,682 | €331,421 | €384,703 | €402,451 | €446,814 | ▲ 11.0% |
| Equity10/15 | €165,586 | €198,615 | €252,473 | €286,318 | €264,255 | ▼ 7.7% |
| Contributions10/11 | €40,000 | €40,000 | €40,000 | €40,000 | €40,000 | = |
| Reserves13 | €125,586 | €158,615 | €212,473 | €246,318 | €224,255 | ▼ 9.0% |
| Non-distributable reserves130/1 | €4,000 | €4,000 | - | - | - | - |
| Reserves not available under the articles1311 | €4,000 | €4,000 | - | - | - | - |
| Distributable reserves133 | €121,586 | €154,615 | €212,473 | €246,318 | €224,255 | ▼ 9.0% |
| Amounts payable17/49 | €113,096 | €132,807 | €132,230 | €116,133 | €182,559 | ▲ 57.2% |
| Amounts payable after more than one year17 | - | €9,667 | €2,843 | - | - | - |
| Financial debts170/4 | - | €9,667 | €2,843 | - | - | - |
| Amounts payable within one year42/48 | €109,632 | €119,509 | €124,182 | €109,130 | €176,257 | ▲ 61.5% |
| Current portion of amounts payable after more than one year42 | - | €6,824 | €7,393 | €2,843 | - | - |
| Trade debts44 | €2,944 | €3,777 | €7,747 | €5,308 | €1,834 | ▼ 65.4% |
| Suppliers440/4 | €2,944 | €3,777 | €7,747 | €5,308 | €1,834 | ▼ 65.4% |
| Taxes, remuneration and social security45 | €21,945 | €20,325 | €20,638 | €14,751 | €28,073 | ▲ 90.3% |
| Taxes450/3 | €21,945 | €20,325 | €20,638 | €14,751 | €28,073 | ▲ 90.3% |
| Other amounts payable47/48 | €84,742 | €88,583 | €88,404 | €86,227 | €146,351 | ▲ 69.7% |
| Accrued charges and deferred income492/3 | €3,464 | €3,631 | €5,205 | €7,003 | €6,301 | ▼ 10.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,346 | €33,028 | €53,858 | €33,845 | €40,602 | ▲ 20.0% |
| + Depreciation and write-downs630 | €20,079 | €20,616 | €25,802 | €25,133 | €18,589 | ▼ 26.0% |
| Operating cash flow (approximation) | €44,425 | €53,644 | €79,660 | €58,978 | €59,191 | ▲ 0.4% |
| Investment in fixed assets (approximation) | - | -€68,811 | -€3,104 | €0 | -€83 | - |
| Change in cash | - | €18,038 | €39,356 | €16,790 | €58,045 | ▲ 246% |
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
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €53,858 ▲63.1%
Operating result €79,937, net result €53,858, both a record.
31-12
Financial
Equity above €200,000Eq €252,473 ▲27.1%
6 profitable years in a row build equity to €252,473.
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Equity above €150,000Eq €165,586 ▲17.2%
4 profitable years in a row build equity to €165,586.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
12-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 73 days late
2019
31-12
Financial
Weakest financial yearnet €17,491 ▼26.2%
Net result drops to €17,491, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €100,000Eq €102,665 ▲20.5%
2 profitable years in a row build equity to €102,665.
Show earlier events
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Ledegem · 1 establishment unit since 2014
Ground area
659 m²
Building footprint
178 m²
Volume, LiDAR
917 m³
Parcel 36016B0119/00H000, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Gladioolstraat 4, 8880 Ledegem
since 20142.393.030.580
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36016B0119/00H000 | Flanders | 659 m² | 1 · 178 m² | 8.0 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 22,076 companies in sector 69101 we hold annual accounts for 9,061. 6,923 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
Founded24-12-2014
Fiscal year end31-12
Activities, NACEBEL 2025
69101Activities of lawyers
E-invoicing
Reachable via Peppol
Peppol ID
0208:0507752933
Also
9925:BE0507752933
Registered
22-04-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.