Checked.be
Active
BE 0543.494.067Private limited company
LIGAL
Louizalaan 65 ·1050 Brussel, Belgium· 12 yrs active
Sector: Activities of lawyers
(69101)
Conclusion
LIGAL has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €53k and a net result of €11k. Equity is shrinking by ~9% per year across the filed fiscal years. Its solvency ranks better than 65% of 1957 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Based on the State Gazette, CBE and 3 annual accounts.
Key figures
| Equity | €53k |
| Net result | €11k |
| Better than sector | 65% |
| Active | 12 yrs |
Financial profile
86
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
100
Profitability
100
Solvency
100
Growth
32
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2013, 12 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
100
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€5k
estimate, not credit advice
Score history
93
2023
52
2024
100
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 2.72 (≥ 1.5)
+10
Quick ratio
Quick ratio 2.72 (≥ 1.0)
+5
Leverage
Debt/equity 0.43 (< 1.0)
+10
Profitability
ROE 21% (≥ 10%)
+10
Interest coverage
Interest coverage 25.7× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 27-08-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Equity: declining trend of ~9%/year over 3 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 69, Legal and accounting activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 70.1% | 53.8% | |
| Net result | €11k | €43k | |
| Equity | €53k | €56k | |
| Gross operating margin | €19k | €68k | |
| Total assets | €75k | €133k |
€17k
-
23-25
€11k
-
23-25
€14k
-
23-25
€75k
+5.1%
23-25
€53k
+26.7%
23-25
€38k
+16.5%
23-25
€4k
+1249.6%
23-25
€0
-
23-25
€22k
-25.0%
23-25
€22k
-24.9%
23-25
2.72
+29.0%
23-25
2.72
+29.0%
23-25
70.1%
+20.5%
23-25
0.43
-40.8%
23-25
21.1%
-
23-25
14.8%
-
23-25
25.71
-
23-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema |
| Revenue | - | - | - |
| EBITDA | €17k | €-20k | €55k |
| Net profit | €11k | €-21k | €42k |
| Cash flow | €14k | €-20k | €43k |
| Staff costs | - | - | - |
| Income taxes | €4k | €268 | €14k |
| Dividends | - | - | €0 |
| Total assets | €75k | €71k | €107k |
| Equity | €53k | €42k | €62k |
| Debt | €22k | €30k | €45k |
| of which ≤ 1y | €22k | €30k | €44k |
| of which > 1y | - | - | - |
| Working capital | €38k | €33k | €57k |
| Employees (FTE) | - | - | - |
Ratios (computed)
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Current ratio | 2.72 | 2.11 | 2.29 |
| Quick ratio | 2.72 | 2.11 | 2.29 |
| Working capital ratio | 51.2% | 46.2% | 53.5% |
| Solvency | 70.1% | 58.2% | 58.3% |
| Debt / equity | 0.43 | 0.72 | 0.72 |
| Long-term debt ratio | - | - | - |
| Interest coverage | 25.71 | -37.06 | 119.17 |
| Gross margin | - | - | - |
| Net margin | - | - | - |
| ROA | 14.8% | -28.9% | 39.1% |
| ROE | 21.1% | -49.6% | 67.1% |
| EBITDA margin | - | - | - |
| Days sales outstanding | - | - | - |
| Days payable outstanding | - | - | - |
| Inventory turnover | - | - | - |
| Days inventory (DSI) | - | - | - |
Balance-sheet composition 2025
Full annual accounts (22 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet, Assets | ||||
| TOTAL ASSETS | 20/58 | €75k | €71k | €107k |
| Fixed assets | 21/28 | €14k | €9k | €5k |
| Tangible fixed assets | 22/27 | €14k | €9k | €5k |
| Current assets | 29/58 | €61k | €63k | €101k |
| Amounts receivable within one year | 40/41 | €38k | €53k | €71k |
| Cash & bank | 54/58 | €21k | €10k | €29k |
| Balance sheet, Equity & liabilities | ||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €75k | €71k | €107k |
| Equity | 10/15 | €53k | €42k | €62k |
| Contributions / capital | 10/11 | €19k | €19k | €19k |
| Reserves | 13 | €34k | €23k | €44k |
| Accumulated profits (losses) | 14 | - | - | €0 |
| Amounts payable | 17/49 | €22k | €30k | €45k |
| Amounts payable within one year | 42/48 | €22k | €30k | €44k |
| Trade debts payable within one year | 44 | €17k | €15k | €17k |
| Income statement | ||||
| Gross operating margin | 9900 | €19k | €-19k | €56k |
| Operating result | 9901 | €14k | €-22k | €54k |
| Financial income | 75 | €984 | €2k | €3k |
| Financial charges | 65 | €679 | €551 | €464 |
| Result before taxes | 9903 | €15k | €-20k | €56k |
| Income taxes | 67/77 | €4k | €268 | €14k |
| Net result for the period | 9904 | €11k | €-21k | €42k |
| Result to be appropriated | 9905 | €11k | €-21k | €42k |
Legal Structure
| NACE primary | Activities of lawyers(69101) |
| Legal form | Private limited company(610) |
| Incorporation | 20-12-2013 |
| Status | Active |
| Postal code | 1050 |
Establishment units
LIGAL
since 20132.226.085.959
Real-estate footprint
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0007/00R000 | Brussels | 1,683 m² | 1 · 2,433 m² | 35.6 m · 9 fl. |
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.
Updates
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €-21k ▼149%
Net result drops to €-21k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
30-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 183 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Activities of lawyers69101
Names & trade names
| Legal nameFR | LIGAL |
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