LOES
ActiveSummary
LOES has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €101k and a net result of €11k. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 35% of 8692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability47▼-1
Solvency60=
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity short (current ratio 0.09 against 0.12 in 2024; short-term debt: 9.5% and cash: 0.2% of total assets), and 64.9% of the assets are financed with debt.
Credit check for your own amount and term
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 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
35.1%
Return on assets
3.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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
28 d late
2024
26 d late
2023
on the day
2022
3 d early
2021
31 d early
2020
31 d early
2019
31 d late
← 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, abbreviated schema
Equity
€101k▼ 0.8%
2024 · €102k
2018: €102k
2019: €102k▲ +0.5% vs 2018
2020: €102k▲ +0.3% vs 2019
2021: €103k▲ +0.5% vs 2020
2022: €103k▲ +0.4% vs 2021highest in 8 years
2023: €102k▼ -1.3% vs 2022
2024: €102k▼ -0.2% vs 2023
2025: €101k▼ -0.8% vs 2024lowest in 8 years
2018 → 2025
Total assets
€288k▼ 0.1%
2024 · €288k
2018: €287k
2019: €287k● -0.0% vs 2018
2020: €288k▲ +0.3% vs 2019highest in 8 years
2021: €288k▼ -0.2% vs 2020
2022: €287k▼ -0.2% vs 2021lowest in 8 years
2023: €288k▲ +0.2% vs 2022
2024: €288k▲ +0.1% vs 2023
2025: €288k▼ -0.1% vs 2024
2018 → 2025
Net result
€11k▼ 5.0%
2024 · €12k
2018: €12k
2019: €12k▲ +1.2% vs 2018highest in 8 years
2020: €12k▼ -1.0% vs 2019
2021: €12k▲ +1.0% vs 2020
2022: €12k● -0.0% vs 2021
2023: €11k▼ -14.5% vs 2022lowest in 8 years
2024: €12k▲ +10.7% vs 2023
2025: €11k▼ -5.0% vs 2024
2018 → 2025
Working capital
€-25k▼ 13.0%
2024 · €-22k
2018: €-19khighest in 8 years
2019: €-20k▼ -7.3% vs 2018
2020: €-20k▼ -1.5% vs 2019
2021: €-19k▲ +5.5% vs 2020
2022: €-20k▼ -2.5% vs 2021
2023: €-20k▲ +1.6% vs 2022
2024: €-22k▼ -12.0% vs 2023
2025: €-25k▼ -13.0% vs 2024lowest 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€103k-€103k▲ 0.4%€102k▼ 1.3%€102k▼ 0.2%€101k▼ 0.8%
2021: €103k
2022: €103k▲ +0.4% vs 2021highest in 5 years
2023: €102k▼ -1.3% vs 2022
2024: €102k▼ -0.2% vs 2023
2025: €101k▼ -0.8% vs 2024lowest in 5 years
Operating result€13k-€13k=€11k▼ 15.3%€12k▲ 10.7%€11k▼ 5.0%
2021: €13khighest in 5 years
2022: €13k● -0.0% vs 2021
2023: €11k▼ -15.3% vs 2022lowest in 5 years
2024: €12k▲ +10.7% vs 2023
2025: €11k▼ -5.0% vs 2024
Net result€12k-€12k=€11k▼ 14.5%€12k▲ 10.7%€11k▼ 5.0%
2021: €12khighest in 5 years
2022: €12k● -0.0% vs 2021
2023: €11k▼ -14.5% vs 2022lowest in 5 years
2024: €12k▲ +10.7% vs 2023
2025: €11k▼ -5.0% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 5% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €288k
Fixed assets
€285k =
Current assets
€3k ▼ 10.9%
Equity and liabilities €288k
Equity
€101k ▼ 0.8%
Debt
€187k ▲ 0.3%
Debt's share of the balance-sheet total rises from 64.7% to 64.9%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
0.09▼
2024 · 0.12
Debt to equity
1.85▲
2024 · 1.83
ROE
11.1%▼
2024 · 11.6%
ROA
3.9%▼
2024 · 4.1%
Debt ≤ 1 year
€27k▲
2024 · €25k
Debt > 1 year
€159k▼
2024 · €162k
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 · 35 lines
Balance sheet
Code20242025
Assets
Total assets20/58€288k€288k▼
Fixed assets21/28€285k€285k=
Financial fixed assets28€285k€285k=
Current assets29/58€3k€3k▼
Amounts receivable within one year40/41€2k€2k=
Trade receivables40€2k€2k=
Other amounts receivable41€0-
Cash at bank and in hand54/58€969€653▼
Equity and liabilities
Total equity and liabilities10/49€288k€288k▼
Equity10/15€102k€101k▼
Contributions10/11€19k€19k=
Reserves13€83k€82k▼
Distributable reserves133€83k€82k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€186k€187k▲
Amounts payable after more than one year17€162k€159k▼
Financial debts170/4€162k€159k▼
Amounts payable within one year42/48€25k€27k▲
Trade debts44€3k€3k▼
Suppliers440/4€3k€3k▼
Taxes, remuneration and social security45€471€253▼
Taxes450/3€471€253▼
Other amounts payable47/48€21k€24k▲
Income statement
Code20242025
Other operating charges640/8€613€632▲
Gross operating margin9900€12k€12k▼
Operating profit (loss)9901€12k€11k▼
Financial charges65/66B€42€42=
Recurring financial charges65€42€42=
Profit (loss) for the period before taxes9903€12k€11k▼
Profit (loss) for the period9904€12k€11k▼
Profit (loss) for the period to be appropriated9905€12k€11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€12k€11k▼
Transfer from equity791/2€212€807▲
Profit to be distributed694/7€12k€12k=
Directors or managers695€12k€12k=
The notes to these accounts (9 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 |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €541 | €545 | €844 | €613 | €632 | ▲ 3.0% |
| Gross operating margin9900 | €13k | €13k | €12k | €12k | €12k | ▼ 4.6% |
| Operating profit (loss)9901 | €13k | €13k | €11k | €12k | €11k | ▼ 5.0% |
| Financial charges65/66B | €36 | €36 | €42 | €42 | €42 | = |
| Recurring financial charges65 | €36 | €36 | €42 | €42 | €42 | = |
| Profit (loss) for the period before taxes9903 | €13k | €13k | €11k | €12k | €11k | ▼ 5.0% |
| Income taxes67/77 | €125 | €124 | €0 | - | - | - |
| Profit (loss) for the period9904 | €12k | €12k | €11k | €12k | €11k | ▼ 5.0% |
| Profit (loss) for the period to be appropriated9905 | €12k | €12k | €11k | €12k | €11k | ▼ 5.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €288k | €287k | €288k | €288k | €288k | ▼ 0.1% |
| Fixed assets21/28 | €285k | €285k | €285k | €285k | €285k | = |
| Financial fixed assets28 | €285k | €285k | €285k | €285k | €285k | = |
| Current assets29/58 | €3k | €2k | €3k | €3k | €3k | ▼ 10.9% |
| Amounts receivable within one year40/41 | €2k | €2k | €2k | €2k | €2k | = |
| Trade receivables40 | €2k | €2k | €2k | €2k | €2k | = |
| Other amounts receivable41 | - | - | €11 | €0 | - | - |
| Cash at bank and in hand54/58 | €574 | €99 | €799 | €969 | €653 | ▼ 32.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €288k | €287k | €288k | €288k | €288k | ▼ 0.1% |
| Equity10/15 | €103k | €103k | €102k | €102k | €101k | ▼ 0.8% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €84k | €85k | €83k | €83k | €82k | ▼ 1.0% |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Distributable reserves133 | €82k | €83k | €83k | €83k | €82k | ▼ 1.0% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €185k | €184k | €186k | €186k | €187k | ▲ 0.3% |
| Amounts payable after more than one year17 | €163k | €162k | €164k | €162k | €159k | ▼ 1.3% |
| Financial debts170/4 | €163k | €162k | €164k | €162k | €159k | ▼ 1.3% |
| Amounts payable within one year42/48 | €22k | €22k | €22k | €25k | €27k | ▲ 10.2% |
| Trade debts44 | €605 | €605 | €1k | €3k | €3k | ▼ 7.6% |
| Suppliers440/4 | €605 | €605 | €1k | €3k | €3k | ▼ 7.6% |
| Taxes, remuneration and social security45 | €356 | €355 | €0 | €471 | €253 | ▼ 46.4% |
| Taxes450/3 | €356 | €355 | €0 | €471 | €253 | ▼ 46.4% |
| Other amounts payable47/48 | €21k | €21k | €21k | €21k | €24k | ▲ 14.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12k | €12k | €11k | €12k | €11k | ▼ 5.0% |
| Operating cash flow (approximation) | €12k | €12k | €11k | €12k | €11k | ▼ 5.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €-475 | €700 | €170 | €-316 | ▼ 285% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 26 days late
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €11k ▼14.5%
Net result drops to €11k, the lowest in the series; recovery starts the following year.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
31-12
Financial
Highest result since 2018net €12k ▲1.2%
Net result €12k, the highest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
25-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 25 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 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, Erpe-Mere
Ground area
562 m²
Building footprint
153 m²
Volume, LiDAR
1,004 m³
Parcel 41040A0535/00L000, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41040A0535/00L000 | Flanders | 562 m² | 1 · 153 m² | 10.1 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 82,553 companies in sector 70200 we hold annual accounts for 52,585. 40,609 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
Founded23-11-1998
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.