Equity
€20,238 from €259,110 in 2021
Equity fell by 92% in 4 years.
LION
Lifetime
20 annual accounts with figures on one time axis, 33 filings since 1993peak €262,409 (2019)
€181,851▲ 127%
lowest -€112,597 (2023)
€2,087▲ €74,614
peak €259,110 (2021)
€20,238▲ 11.5%
€2.5m▼ 10.3%
peak 0.6 FTE (2019)
-not published
Board2 names since 2017
2 directorsSTERCKX Olivier and 1 other
Owners
Documentsfilings and deeds
28-07-20263 days before the deadline
2025micro format
Gross margin from €80,106 to €181,851Back to profit: €2,087Cash from €3,017 to €12,537
Key points
from the 2025 annual accountsResult
€2,087 €2,087
Back in profit in 2025, after a loss of €72,526 in 2024.
Debts
€2.5m 99% of the balance sheet
Financial debts 93%Suppliers 0%Taxes and wages 1%Other 6%
Of this, €162,220 falls due within a year.
Liquidity
0.82 was 0.29 in 2024
Short-term debts fell from €1.5m to €162,220.
Filings
33 annual accounts since 1993
Two of the last ten came late. The 2016 accounts came latest: 58 days after the end of the period.
Position in the sector
0.8%
Lower solvency than 90% of companies in head offices and management consultancy. Sector median 55.5% · 39,364 companies.
Checked score
84
Excellent
Financially stronger than 35% of small companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 4,522 companies (NACE 70, small).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.8%▲ +0.5 percentage points vs 12-2024
02-2025: 0.8%● unchanged vs 01-2025
03-2025: 0.8%● unchanged vs 02-2025
04-2025: 0.8%● unchanged vs 03-2025
05-2025: 0.8%● unchanged vs 04-2025
06-2025: 0.8%● unchanged vs 05-2025
07-2025: 0.9%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 0.5%▼ -0.4 percentage points vs 07-2025
09-2025: 0.5%● unchanged vs 08-2025
10-2025: 0.5%● unchanged vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.6%▲ +0.1 percentage points vs 02-2026
04-2026: 0.6%● unchanged vs 03-2026
05-2026: 0.6%● unchanged vs 04-2026
06-2026: 0.7%▲ +0.1 percentage points vs 05-2026
07-2026: 0.7%● unchanged vs 06-2026
08-2026: 0.3%▼ -0.4 percentage points vs 07-2026lowest value
09-2026: 0.3%● unchanged vs 08-2026lowest value
10-2026: 0.3%● unchanged vs 09-2026lowest value
11-2026: 0.3%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
1 change of registered office in 24 months
Equity €20,238 (0.8% of total assets)
lowers risk
Size: total assets €2.6m
Figures for financial year 2025 (filed on 28-07-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, small). It does better than 5% of them on solvency, 51% on liquidity, 21% on profitability and 66% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,217 companies had the same profile as LION has now. Each dot stands for 4 companies, two years later.
95.9%
were still trading
2.5%
stopped another way
1.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LION itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,217 companies, not a prediction for LION. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €1,500 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.82 (0.29 in 2024), below 1. Short-term debt is 6.3% and cash 0.5% of total assets. 99.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 39364 sector peers (2025).
NBB · sector comparisonPosition among 39364 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 days early
2024
8 days early
2023
19 days early
2022
28 days early
2021
96 days early
2020
5 days early
2019
30 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 27 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 13 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0448634106
Company renamed from M.D.N. to LION
Registered office moved within Aalst · New registered office: Louis Camustraat 33, 9300 Aalst · Previous registered office: Moorselbaan 334, 9300 Aalst · Gazette deed
Change of role: STERCKX Olivier, from manager to director
Director discharge: STERCKX Olivier · General meeting of 24-10-2023 · Gazette deed
Registered office moved within Aalst
New registered office: Moorselbaan 334 te 9300 Aalst · Previous registered office: Churchillsteenweg 39 te 9320 Aalst · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| LION Aalst | €2.6m | €181,851 | 0.8% | - |
| LA LICORNE Kruisem | €2.4m | €171,882 | -23.5% | - |
| CIMMOD Sint-Niklaas | €2.3m | €183,206 | 26.6% | - |
| Strobbe Eeklo | €2.6m | €197,478 | 53.6% | 0 |
| HOF TER STEENE Aalter | €2.8m | €161,026 | 4.7% | 0 |
| Lecos Ghent | €2.2m | €168,305 | 15.0% | - |
| FIRST MODERN De Panne | €2.5m | €183,050 | 33.7% | - |
These companies have the same main activity as LION: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €2.2m and €2.8m, founded between 1990 and 1995.
Official details
Source: KBO- Status
- Active since 30-10-1992Normal situation
- Activity
- Business and other management consultancyNACE 70200
- Establishment unit
- 2.059.737.9869300 Aalst, since 03-12-1992
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- ≈ €310,000estimated
- €2.6m▼ 10.1%
- Filing
- Filed on 28-07-2026, 3 days before the end of the filing period
Insights on LION
LION files the micro format. That format states no turnover. The gross margin rose from €67,369 in 2006 to €181,851 in 2025.
The balance sheet grew most from 2022 to 2024 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about LION
- What is the company number of LION?
- The company number of LION is 0448.634.106. The VAT number is the same number with BE in front: BE 0448.634.106.
- Where is LION based?
- The registered office is at Louis Camustraat 33, 9300 Aalst.Company details
- What does LION do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of LION?
- LION is a private limited company (BV).
- When was LION founded?
- LION was founded on 30-10-1992.
- Is LION still active?
- Yes, LION is an active enterprise in the KBO register.
- How many employees does LION have?
- LION had an average of 0.6 full-time equivalents in financial year 2020, according to the filed annual accounts.Financials
- What is the turnover of LION?
- The turnover in financial year 2025 is ≈ €310,000. This figure is estimated from the gross margin of €181,851 and 109 comparable companies (NACE 70200). It probably lies between €260,000 and €370,000.
- Is LION profitable?
- In financial year 2025, LION made a profit of €2,087.
- Where can I find the annual accounts of LION?
- LION filed 33 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of LION due?
- LION must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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