LIFE
ActiveSummary
LIFE has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€2.6m) and a net result of -€501,085. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 7% of 10552 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability10▼-4
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 1.86 against 1.98 in 2024; short-term debt: 53.8% and cash: 0.4% of total assets), but equity is negative.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← 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
-36.5%
Return on assets
-6.9%
Age of the figures
12 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€2.6m
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 27-04-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
on the day
2023
on the day
2022
31 d late
2021
4 d late
2020
on the day
2019
4 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 5 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 1 May (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close30-09-2026 today30-04-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
-€2.6m▼ 23.4%
2024 · -€2.1m
Total assets
€7.2m▼ 6.8%
2024 · €7.8m
Net result
-€501,085▼ 74.8%
2024 · -€286,638
Working capital
€3.3m▼ 13.0%
2024 · €3.8m
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€180-€821,341▼ 457,395%-€1.2m▼ 44.2%-€313,460▲ 73.5%-€727,014▼ 132%
Net result-€819,180below the sector's middle half-€1.2mbelow the sector's middle half▼ 45.2%-€286,638below the sector's middle half▲ 75.9%-€501,085below the sector's middle half▼ 74.8%
Equity€153,723within the sector's middle half=-€665,457below the sector's middle half-€1.9mbelow the sector's middle half▼ 179%-€2.1mbelow the sector's middle half▼ 15.5%-€2.6mbelow the sector's middle half▼ 23.4%
Total assets€10.0mabove the sector's middle half▼ 11.5%€9.8mabove the sector's middle half▼ 1.5%€8.1mabove the sector's middle half▼ 18.2%€7.8mabove the sector's middle half▼ 3.4%€7.2mabove the sector's middle half▼ 6.8%
Debt€3.8m▼ 26.5%€4.5m▲ 17.4%€3.9m▼ 13.3%€3.9m▲ 0.3%€3.9m▼ 0.7%
Working capital€6.0mabove the sector's middle half▲ 0.7%€5.2mabove the sector's middle half▼ 13.2%€4.1mabove the sector's middle half▼ 21.6%€3.8mabove the sector's middle half▼ 6.1%€3.3mabove the sector's middle half▼ 13.0%
Solvency1.5%below the sector's middle half▲ 0.2pp-6.8%below the sector's middle half▼ 8.3pp-23.0%below the sector's middle half▼ 16.3pp-27.5%below the sector's middle half▼ 4.5pp-36.5%below the sector's middle half▼ 8.9pp
Current ratio2.57within the sector's middle half▲ 0.422.16within the sector's middle half▼ 0.412.05within the sector's middle half▼ 0.111.98within the sector's middle half▼ 0.071.86within the sector's middle half▼ 0.12
Return on assets (ROA)-8.3%below the sector's middle half-14.8%below the sector's middle half▼ 6.4pp-3.7%below the sector's middle half▲ 11.1pp-6.9%below the sector's middle half▼ 3.2pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €727,014 in 2025 against €313,460 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.2m
Fixed assets
€1,717 ▼ 60.3%
Current assets
€7.2m ▼ 6.7%
Key figures and ratios
EBITDA
-€724,411▼
2024 · -€310,183
Cash flow
-€498,482▼
2024 · -€283,360
Debt to equity
-1.48▲
2024 · -1.83
Interest coverage
-752.23▼
2024 · -369.19
Debt ≤ 1 year
€3.9m▼
2024 · €3.9m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 129 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Medium-sized
- 10 to 20 years old
- negative equity
- a small loss
1.6%
went bankrupt
2.3%
stopped otherwise
95%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 129 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 | - | - | - | €1,827 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,738 | €30,793 | €18,774 | €3,277 | €2,603 | ▼ 20.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €708,729 | - | €437,553 | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €90,956 | - | - | - | - | - |
| Other operating charges640/8 | €8,594 | €9,869 | €28,542 | €5,548 | €6,507 | ▲ 17.3% |
| Gross operating margin9900 | €125,107 | -€780,678 | -€427,918 | -€304,635 | -€280,350 | ▲ 8.0% |
| Operating profit (loss)9901 | -€180 | -€821,341 | -€1.2m | -€313,460 | -€727,014 | ▼ 132% |
| Financial income75/76B | €6,925 | €8,354 | €3,922 | €28,302 | €232,234 | ▲ 721% |
| Recurring financial income75 | €6,925 | €8,354 | €3,922 | €27,783 | €18,076 | ▼ 34.9% |
| Non-recurring financial income76B | - | - | - | €519 | €214,159 | ▲ 41,152% |
| Financial charges65/66B | €2,956 | €4,993 | €8,159 | €1,480 | €6,306 | ▲ 326% |
| Recurring financial charges65 | €2,956 | €4,993 | €8,159 | €840 | €963 | ▲ 14.6% |
| Non-recurring financial charges66B | - | - | - | €640 | €5,343 | ▲ 735% |
| Profit (loss) for the period before taxes9903 | €3,790 | -€817,979 | -€1.2m | -€286,638 | -€501,085 | ▼ 74.8% |
| Income taxes67/77 | €3,790 | €1,201 | €1,021 | - | - | - |
| Profit (loss) for the period9904 | - | -€819,180 | -€1.2m | -€286,638 | -€501,085 | ▼ 74.8% |
| Profit (loss) for the period to be appropriated9905 | - | -€819,180 | -€1.2m | -€286,638 | -€501,085 | ▼ 74.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €10.0m | €9.8m | €8.1m | €7.8m | €7.2m | ▼ 6.8% |
| Fixed assets21/28 | €120,966 | €99,712 | €39,232 | €4,320 | €1,717 | ▼ 60.3% |
| Intangible fixed assets21 | €1,572 | €1,406 | €1,240 | €1,074 | €908 | ▼ 15.4% |
| Tangible fixed assets22/27 | €119,395 | €98,306 | €37,992 | €3,247 | €809 | ▼ 75.1% |
| Plant, machinery and equipment23 | €3,759 | €2,982 | €1,857 | €759 | €0 | ▼ 100% |
| Furniture and vehicles24 | €115,635 | €95,324 | €36,135 | €2,488 | €809 | ▼ 67.5% |
| Current assets29/58 | €9.9m | €9.7m | €8.0m | €7.8m | €7.2m | ▼ 6.7% |
| Amounts receivable after more than one year29 | - | €415,250 | €415,250 | €415,250 | - | - |
| Other amounts receivable291 | - | €415,250 | €415,250 | €415,250 | - | - |
| Stocks and contracts in progress3 | €987,500 | €708,495 | - | - | - | - |
| Stocks30/36 | €987,500 | €708,495 | - | - | - | - |
| Amounts receivable within one year40/41 | €7.6m | €7.8m | €7.3m | €7.3m | €7.2m | ▼ 1.0% |
| Trade receivables40 | €7.5m | €7.7m | €7.1m | €7.0m | €7.0m | ▼ 0.6% |
| Other amounts receivable41 | €130,460 | €130,753 | €144,603 | €242,079 | €211,520 | ▼ 12.6% |
| Cash at bank and in hand54/58 | €1.3m | €783,645 | €339,754 | €64,696 | €27,394 | ▼ 57.7% |
| Deferred charges and accrued income490/1 | €13,754 | €5,275 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €10.0m | €9.8m | €8.1m | €7.8m | €7.2m | ▼ 6.8% |
| Equity10/15 | €153,723 | -€665,457 | -€1.9m | -€2.1m | -€2.6m | ▼ 23.4% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €135,123 | €135,123 | €135,123 | €135,123 | €135,123 | = |
| Non-distributable reserves130/1 | €1,354 | €1,354 | €1,354 | €1,354 | €1,354 | = |
| Reserves not available under the articles1311 | €1,354 | €1,354 | €1,354 | €1,354 | €1,354 | = |
| Distributable reserves133 | €133,769 | €133,769 | €133,769 | €133,769 | €133,769 | = |
| Profit (loss) carried forward14 | - | -€819,180 | -€2.0m | -€2.3m | -€2.8m | ▼ 21.8% |
| Provisions and deferred taxes16 | €6.0m | €6.0m | €6.0m | €6.0m | €6.0m | = |
| Provisions for liabilities and charges160/5 | €6.0m | €6.0m | €6.0m | €6.0m | €6.0m | = |
| Other liabilities and charges164/5 | €6.0m | €6.0m | €6.0m | €6.0m | €6.0m | = |
| Amounts payable17/49 | €3.8m | €4.5m | €3.9m | €3.9m | €3.9m | ▼ 0.7% |
| Amounts payable within one year42/48 | €3.8m | €4.5m | €3.9m | €3.9m | €3.9m | ▼ 0.7% |
| Trade debts44 | €52,188 | €720,990 | €106,090 | €117,106 | €113,198 | ▼ 3.3% |
| Suppliers440/4 | €52,188 | €720,990 | €106,090 | €117,106 | €113,198 | ▼ 3.3% |
| Advances received on contracts in progress46 | €3.8m | €3.8m | €3.8m | €3.8m | €3.8m | = |
| Taxes, remuneration and social security45 | €11,440 | €12,589 | €26,013 | €24,816 | €2,837 | ▼ 88.6% |
| Taxes450/3 | €11,440 | €12,589 | €26,013 | €17,466 | €1,337 | ▼ 92.3% |
| Remuneration and social security454/9 | - | - | - | €7,350 | €1,500 | ▼ 79.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | - | -€819,180 | -€1.2m | -€286,638 | -€501,085 | ▼ 74.8% |
| + Depreciation and write-downs630 | €25,738 | €30,793 | €18,774 | €3,277 | €2,603 | ▼ 20.6% |
| Operating cash flow (approximation) | €25,738 | -€788,387 | -€1.2m | -€283,360 | -€498,482 | ▼ 75.9% |
| Investment in fixed assets (approximation) | - | -€9,538 | €41,705 | €31,634 | €0 | ▼ 100% |
| Change in cash | - | -€478,403 | -€443,890 | -€275,059 | -€37,302 | ▲ 86.4% |
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
27-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Weakest financial yearnet -€1.2m
Net result drops to -€1.2m, the lowest in the series; recovery starts the following year.
31-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
04-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 4 days late
2021
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Highest result since 2018net €248,769 ▲380%
Operating result €886,793, net result €248,769, both a record.
30-09
Financial
Equity above €150,000Eq €153,723 ▲670%
3 profitable years in a row build equity to €153,723.
04-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 4 days late
2019
09-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
12-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 12 days late
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, Zulte · 1 establishment unit since 2015
Ground area
2,460 m²
Building footprint
345 m²
Volume, LiDAR
1,617 m³
2 parcels, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
LIFE
since 20152.246.465.263
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44081B0525/00M000 | Flanders | 1,302 m² | 1 · 187 m² | 7.6 m · 2 fl. |
| 44050B0554/00T002 | Flanders | 1,159 m² | 1 · 158 m² | 8.8 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
ESTELINEA
BE 0701.602.879
Leuven · Eq €153,747
VITAL ASSISTENCE
BE 0456.408.853
Gent · Eq €153,803
PAUWELS ORTHOPEDIE
BE 0839.276.167
Leuven · Eq €155,355
ORTHOPEDIE HAVERBEKE
BE 0632.610.145
Schaarbeek · Eq €150,796
MEDICALINE
BE 0432.152.816
Elsene · Eq €157,168
Of 1,071 companies in sector 47741 we hold annual accounts for 645. 502 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
Founded23-09-2015
Fiscal year end30-09
Activities, NACEBEL 2025
47741Retail sale of medical and orthopaedic goods, excluding prescription glasses and lenses
E-invoicing
Reachable via Peppol
Peppol ID
0208:0638789144
Also
9925:BE0638789144
Registered
24-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.