LION
ActiveSummary
LION has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20k and a net result of €2k. Equity is shrinking by ~24.3% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 10% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability35▲+13
Solvency26=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.82 against 0.29 in 2024; short-term debt: 6.3% and cash: 0.5% of total assets), and 99.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
0.8%
Return on assets
0.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 31791 sector peers (2025).
NBB · sector comparisonPosition among 31791 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
8 d early
2023
19 d early
2022
28 d early
2021
96 d early
2020
5 d early
2019
30 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€20k▲ 11.5%
2024 · €18k
2018: €75k
2019: €237k▲ +214% vs 2018
2020: €249k▲ +4.8% vs 2019
2021: €259k▲ +4.3% vs 2020highest in 8 years
2022: €203k▼ -21.5% vs 2021
2023: €91k▼ -55.4% vs 2022
2024: €18k▼ -80.0% vs 2023lowest in 8 years
2025: €20k▲ +11.5% vs 2024
2018 → 2025
Total assets
€2.56M▼ 10.1%
2024 · €2.85M
2018: €226klowest in 8 years
2019: €913k▲ +304% vs 2018
2020: €913k● 0.0% vs 2019
2021: €931k▲ +2.0% vs 2020
2022: €1.50M▲ +61.2% vs 2021
2023: €2.10M▲ +40.2% vs 2022
2024: €2.85M▲ +35.4% vs 2023highest in 8 years
2025: €2.56M▼ -10.1% vs 2024
2018 → 2025
Net result
€2k
2024 · €-73k
2018: €1k
2019: €162k▲ +11784% vs 2018highest in 8 years
2020: €160k▼ -1.0% vs 2019
2021: €11k▼ -93.4% vs 2020
2022: €-56k▼ -627% vs 2021
2023: €-113k▼ -102% vs 2022lowest in 8 years
2024: €-73k▲ +35.6% vs 2023
2025: €2k▲ +103% vs 2024
2018 → 2025
Working capital
€-29k▲ 97.4%
2024 · €-1.09M
2018: €-65k
2019: €-97k▼ -49.6% vs 2018
2020: €-131k▼ -35.5% vs 2019
2021: €-184k▼ -40.1% vs 2020
2022: €-335k▼ -82.8% vs 2021
2023: €-583k▼ -73.9% vs 2022
2024: €-1.09M▼ -87.1% vs 2023lowest in 8 years
2025: €-29k▲ +97.4% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€259k-€203k▼ 21.5%€91k▼ 55.4%€18k▼ 80.0%€20k▲ 11.5%
2021: €259khighest in 5 years
2022: €203k▼ -21.5% vs 2021
2023: €91k▼ -55.4% vs 2022
2024: €18k▼ -80.0% vs 2023lowest in 5 years
2025: €20k▲ +11.5% vs 2024
Operating result€19k-€-42k€-135k▼ 218%€-2k▲ 98.8%€88k
2021: €19k
2022: €-42k▼ -324% vs 2021
2023: €-135k▼ -218% vs 2022lowest in 5 years
2024: €-2k▲ +98.8% vs 2023
2025: €88k▲ +5470% vs 2024highest in 5 years
Net result€11k-€-56k€-113k▼ 102%€-73k▲ 35.6%€2k
2021: €11khighest in 5 years
2022: €-56k▼ -627% vs 2021
2023: €-113k▼ -102% vs 2022lowest in 5 years
2024: €-73k▲ +35.6% vs 2023
2025: €2k▲ +103% vs 2024
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 returns to profit in 2025: €88k after a loss of €2k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.56M
Fixed assets
€2.43M ▲ 0.9%
Current assets
€134k ▼ 69.9%
Equity and liabilities €2.56M
Equity
€20k ▲ 11.5%
Debt
€2.54M ▼ 10.3%
Debt's share of the balance-sheet total falls from 99.4% to 99.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€167k▲
2024 · €56k
Cash flow
€81k▲
2024 · €-15k
Current ratio
0.82▲
2024 · 0.29
ROE
10.3%▲
2024 · -399.6%
ROA
0.1%▲
2024 · -2.5%
Interest coverage
1.95▲
2024 · 0.79
Debt ≤ 1 year
€162k▼
2024 · €1.53M
Debt > 1 year
€2.35M▲
2024 · €1.29M
Income taxes
€270▲
2024 · €-92
A ratio outside any meaningful range has been withheld (balance sheet total €2.56M, equity €20k).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.85M€2.56M▼
Fixed assets21/28€2.40M€2.43M▲
Intangible fixed assets21-€44k
Tangible fixed assets22/27€2.40M€2.38M▼
Land and buildings22€2.40M€2.38M▼
Plant, machinery and equipment23€2k€792▼
Furniture and vehicles24€6k€4k▼
Current assets29/58€443k€134k▼
Amounts receivable within one year40/41€434k€116k▼
Trade receivables40€417k€108k▼
Other amounts receivable41€17k€8k▼
Cash at bank and in hand54/58€3k€13k▲
Deferred charges and accrued income490/1€6k€5k▼
Equity and liabilities
Total equity and liabilities10/49€2.85M€2.56M▼
Equity10/15€18k€20k▲
Contributions10/11€25k€25k=
Reserves13€38k€38k=
Distributable reserves133€38k€38k=
Profit (loss) carried forward14€-45k€-43k▲
Amounts payable17/49€2.83M€2.54M▼
Amounts payable after more than one year17€1.29M€2.35M▲
Financial debts170/4€1.29M€2.35M▲
Amounts payable within one year42/48€1.53M€162k▼
Current portion of amounts payable after more than one year42€124k€126k▲
Trade debts44€343k€12k▼
Suppliers440/4€343k€12k▼
Advances received on contracts in progress46-€400
Taxes, remuneration and social security45€424€24k▲
Taxes450/3€424€19k▲
Remuneration and social security454/9-€5k
Other amounts payable47/48€1.07M€0▼
Accrued charges and deferred income492/3€6k€25k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€58k€79k▲
Other operating charges640/8€9k€2k▼
Non-recurring operating charges66A€15k€13k▼
Gross operating margin9900€80k€182k▲
Operating profit (loss)9901€-2k€88k▲
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€71k€86k▲
Recurring financial charges65€71k€86k▲
Profit (loss) for the period before taxes9903€-73k€2k▲
Transfer from deferred taxes780€0-
Income taxes67/77€-92€270▲
Profit (loss) for the period9904€-73k€2k▲
Transfer from tax-exempt reserves789€0-
Profit (loss) for the period to be appropriated9905€-73k€2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-45k€-43k▲
Profit (loss) brought forward from the previous period14P€27k€-45k▼
Social balance
Average headcount (FTE)90870.0-
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €213 | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25k | €88k | €112k | €58k | €79k | ▲ 36.3% |
| Other operating charges640/8 | €4k | €4k | €5k | €9k | €2k | ▼ 72.2% |
| Non-recurring operating charges66A | €22k | €0 | - | €15k | €13k | ▼ 17.4% |
| Gross operating margin9900 | €71k | €50k | €-18k | €80k | €182k | ▲ 127% |
| Operating profit (loss)9901 | €19k | €-42k | €-135k | €-2k | €88k | ▲ 5,470% |
| Financial income75/76B | - | - | - | - | €0 | - |
| Recurring financial income75 | - | - | - | - | €0 | - |
| Financial charges65/66B | €6k | €16k | €31k | €71k | €86k | ▲ 20.6% |
| Recurring financial charges65 | €6k | €16k | €31k | €71k | €86k | ▲ 20.6% |
| Profit (loss) for the period before taxes9903 | €12k | €-58k | €-166k | €-73k | €2k | ▲ 103% |
| Transfer from deferred taxes780 | €2k | €2k | €55k | €0 | - | - |
| Income taxes67/77 | €4k | €149 | €2k | €-92 | €270 | ▲ 392% |
| Profit (loss) for the period9904 | €11k | €-56k | €-113k | €-73k | €2k | ▲ 103% |
| Transfer from tax-exempt reserves789 | €6k | €7k | €165k | €0 | - | - |
| Profit (loss) for the period to be appropriated9905 | €17k | €-49k | €52k | €-73k | €2k | ▲ 103% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €931k | €1.50M | €2.10M | €2.85M | €2.56M | ▼ 10.1% |
| Fixed assets21/28 | €886k | €1.48M | €2.09M | €2.40M | €2.43M | ▲ 0.9% |
| Intangible fixed assets21 | - | - | - | - | €44k | - |
| Tangible fixed assets22/27 | €872k | €1.47M | €2.09M | €2.40M | €2.38M | ▼ 0.9% |
| Land and buildings22 | €869k | €1.46M | €2.08M | €2.40M | €2.38M | ▼ 0.8% |
| Plant, machinery and equipment23 | €3k | €5k | €3k | €2k | €792 | ▼ 57.4% |
| Furniture and vehicles24 | - | - | €5k | €6k | €4k | ▼ 36.8% |
| Financial fixed assets28 | €14k | €14k | €0 | - | - | - |
| Current assets29/58 | €46k | €19k | €12k | €443k | €134k | ▼ 69.9% |
| Amounts receivable within one year40/41 | €32k | €16k | €9k | €434k | €116k | ▼ 73.3% |
| Trade receivables40 | €32k | €12k | €3k | €417k | €108k | ▼ 74.0% |
| Other amounts receivable41 | €128 | €4k | €6k | €17k | €8k | ▼ 54.8% |
| Cash at bank and in hand54/58 | €13k | €2k | €846 | €3k | €13k | ▲ 316% |
| Deferred charges and accrued income490/1 | - | €1k | €2k | €6k | €5k | ▼ 18.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €931k | €1.50M | €2.10M | €2.85M | €2.56M | ▼ 10.1% |
| Equity10/15 | €259k | €203k | €91k | €18k | €20k | ▲ 11.5% |
| Contributions10/11 | €25k | €25k | €25k | €25k | €25k | = |
| Reserves13 | €210k | €203k | €38k | €38k | €38k | = |
| Non-distributable reserves130/1 | €3k | €3k | €0 | - | - | - |
| Reserves not available under the articles1311 | €3k | €3k | €0 | - | - | - |
| Tax-exempt reserves132 | €181k | €165k | €0 | - | - | - |
| Distributable reserves133 | €27k | €36k | €38k | €38k | €38k | = |
| Profit (loss) carried forward14 | €24k | €-25k | €27k | €-45k | €-43k | ▲ 4.6% |
| Provisions and deferred taxes16 | €57k | €55k | €0 | - | - | - |
| Deferred taxes168 | €57k | €55k | €0 | - | - | - |
| Amounts payable17/49 | €615k | €1.24M | €2.01M | €2.83M | €2.54M | ▼ 10.3% |
| Amounts payable after more than one year17 | €384k | €884k | €1.41M | €1.29M | €2.35M | ▲ 82.6% |
| Financial debts170/4 | €384k | €884k | €1.41M | €1.29M | €2.35M | ▲ 82.6% |
| Amounts payable within one year42/48 | €229k | €354k | €595k | €1.53M | €162k | ▼ 89.4% |
| Current portion of amounts payable after more than one year42 | €40k | €88k | €120k | €124k | €126k | ▲ 1.1% |
| Trade debts44 | €6k | €2k | €65k | €343k | €12k | ▼ 96.5% |
| Suppliers440/4 | €6k | €2k | €65k | €343k | €12k | ▼ 96.5% |
| Advances received on contracts in progress46 | - | - | - | - | €400 | - |
| Taxes, remuneration and social security45 | €13k | €7k | €3k | €424 | €24k | ▲ 5,587% |
| Taxes450/3 | €13k | €7k | €3k | €424 | €19k | ▲ 4,431% |
| Remuneration and social security454/9 | - | - | - | - | €5k | - |
| Other amounts payable47/48 | €170k | €256k | €407k | €1.07M | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €2k | €5k | €6k | €6k | €25k | ▲ 288% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11k | €-56k | €-113k | €-73k | €2k | ▲ 103% |
| + Depreciation and write-downs630 | €25k | €88k | €112k | €58k | €79k | ▲ 36.3% |
| Operating cash flow (approximation) | €36k | €33k | €-852 | €-15k | €81k | ▲ 652% |
| Investment in fixed assets (approximation) | - | €-685k | €-721k | €-370k | €-101k | ▲ 72.8% |
| Change in cash | - | €-12k | €-732 | €2k | €10k | ▲ 339% |
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
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €2k
Net result €2k after 3 loss-making years.
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-113k
Net result drops to €-113k, the lowest in the series; recovery starts the following year.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
26-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €162k ▲11,784%
Operating result €226k, net result €162k, both a record.
31-12
Financial
Equity above €200kEq €237k ▲214%
2 profitable years in a row build equity to €237k.
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 58 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Aalst · 1 establishment unit since 1992
Ground area
2,422 m²
Building footprint
449 m²
Volume, LiDAR
2,596 m³
2 parcels, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Moorselbaan 334, 9300 Aalst
since 19922.059.737.986
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41303E0346/00M000 | Flanders | 1,443 m² | 1 · 298 m² | 10.1 m · 2 fl. |
| 41304G0047/00Z004 | Flanders | 979 m² | 1 · 152 m² | 7.4 m · 2 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.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 30,642 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
Founded30-10-1992
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.