LOR Management
ActiveSummary
LOR Management has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€43,657) and a net result of €7,470. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 32023 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.22 against 0.27 in 2024; short-term debt: 272.3% and cash: 15.4% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Seven 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 →
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
-172.3%
Return on assets
29.5%
Age of the figures
9 mo
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 32023 sector peers (2025).
NBB · sector comparisonPosition among 32023 sector peers
Solvency
better than 5%
← 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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
30 d late
2022
on the day
2021
on the day
2020
on the day
2019
61 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 13 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
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. Usually files around 31 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
-€43,657▲ 14.6%
2024 · -€51,127
Total assets
€25,345▼ 28.5%
2024 · €35,461
Net result
€7,470▼ 81.5%
2024 · €40,349
Working capital
-€54,045▲ 14.9%
2024 · -€63,500
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 70, Activities of head offices; management consultancy activities, 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-€47,891▲ 26.2%-€39,865▲ 16.8%€83,745€40,651▼ 51.5%€7,760▼ 80.9%
Net result-€42,838below the sector's middle half▲ 28.6%-€40,031below the sector's middle half▲ 6.6%€83,328above the sector's middle half€40,349within the sector's middle half▼ 51.6%€7,470within the sector's middle half▼ 81.5%
Equity-€134,773below the sector's middle half▼ 46.6%-€174,803below the sector's middle half▼ 29.7%-€91,476below the sector's middle half▲ 47.7%-€51,127below the sector's middle half▲ 44.1%-€43,657below the sector's middle half▲ 14.6%
Total assets€24,436below the sector's middle half▲ 0.7%€25,137below the sector's middle half▲ 2.9%€37,954below the sector's middle half▲ 51.0%€35,461below the sector's middle half▼ 6.6%€25,345below the sector's middle half▼ 28.5%
Debt€159,209▲ 37.0%€199,940▲ 25.6%€129,430▼ 35.3%€86,588▼ 33.1%€69,001▼ 20.3%
Working capital-€150,512below the sector's middle half▼ 53.6%-€191,145below the sector's middle half▼ 27.0%-€105,833below the sector's middle half▲ 44.6%-€63,500below the sector's middle half▲ 40.0%-€54,045below the sector's middle half▲ 14.9%
Solvency-551.5%below the sector's middle half▼ 172.6pp-695.4%below the sector's middle half▼ 143.9pp-241.0%below the sector's middle half▲ 454.4pp-144.2%below the sector's middle half▲ 96.8pp-172.3%below the sector's middle half▼ 28.1pp
Current ratio0.05below the sector's middle half▼ 0.100.04below the sector's middle half▼ 0.010.18below the sector's middle half▲ 0.140.27below the sector's middle half▲ 0.080.22below the sector's middle half▼ 0.05
Return on assets (ROA)-175.3%below the sector's middle half▲ 72.0pp-159.3%below the sector's middle half▲ 16.1pp219.5%above the sector's middle half▲ 378.8pp113.8%above the sector's middle half▼ 105.8pp29.5%within the sector's middle half▼ 84.3pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 81% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €25,345
Fixed assets
€10,388 ▼ 16.0%
Current assets
€14,956 ▼ 35.2%
Key figures and ratios
EBITDA
€9,744▼
2024 · €42,635
Cash flow
€9,454▼
2024 · €42,333
Debt to equity
-1.58▲
2024 · -1.69
Interest coverage
34.32▼
2024 · 140.93
Debt ≤ 1 year
€69,001▼
2024 · €86,588
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,632 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 92% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
2.9%
went bankrupt
4.8%
stopped otherwise
92%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 3,632 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 | - | €6,000 | €49,954 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,223 | €1,998 | €1,984 | €1,984 | €1,984 | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €179 | - | - | - | - | - |
| Other operating charges640/8 | €216 | - | €709 | €352 | €165 | ▼ 53.0% |
| Non-recurring operating charges66A | - | - | - | - | €284 | - |
| Gross operating margin9900 | -€46,272 | -€37,867 | €86,438 | €42,987 | €10,193 | ▼ 76.3% |
| Operating profit (loss)9901 | -€47,891 | -€39,865 | €83,745 | €40,651 | €7,760 | ▼ 80.9% |
| Financial income75/76B | €5,228 | €0 | - | - | - | - |
| Recurring financial income75 | €1,228 | €0 | - | - | - | - |
| Non-recurring financial income76B | €4,000 | - | - | - | - | - |
| Financial charges65/66B | €175 | €166 | €417 | €303 | €290 | ▼ 4.3% |
| Recurring financial charges65 | €165 | €156 | €417 | €303 | €284 | ▼ 6.2% |
| Non-recurring financial charges66B | €10 | €10 | - | - | €6 | - |
| Profit (loss) for the period before taxes9903 | -€42,838 | -€40,031 | €83,328 | €40,349 | €7,470 | ▼ 81.5% |
| Profit (loss) for the period9904 | -€42,838 | -€40,031 | €83,328 | €40,349 | €7,470 | ▼ 81.5% |
| Profit (loss) for the period to be appropriated9905 | -€42,838 | -€40,031 | €83,328 | €40,349 | €7,470 | ▼ 81.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €24,436 | €25,137 | €37,954 | €35,461 | €25,345 | ▼ 28.5% |
| Fixed assets21/28 | €15,739 | €16,341 | €14,357 | €12,373 | €10,388 | ▼ 16.0% |
| Tangible fixed assets22/27 | €15,739 | €16,341 | €14,357 | €12,373 | €10,388 | ▼ 16.0% |
| Plant, machinery and equipment23 | €35 | - | - | - | - | - |
| Other tangible fixed assets26 | €15,704 | €16,341 | €14,357 | €12,373 | €10,388 | ▼ 16.0% |
| Current assets29/58 | €8,697 | €8,795 | €23,597 | €23,088 | €14,956 | ▼ 35.2% |
| Amounts receivable within one year40/41 | €7,553 | €6,052 | €5,933 | €21,507 | €10,810 | ▼ 49.7% |
| Trade receivables40 | €884 | €2,297 | €5,649 | €21,223 | €10,807 | ▼ 49.1% |
| Other amounts receivable41 | €6,669 | €3,755 | €284 | €284 | €3 | ▼ 99.0% |
| Cash at bank and in hand54/58 | €905 | €2,511 | €17,423 | €1,335 | €3,896 | ▲ 192% |
| Deferred charges and accrued income490/1 | €239 | €232 | €241 | €246 | €250 | ▲ 1.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €24,436 | €25,137 | €37,954 | €35,461 | €25,345 | ▼ 28.5% |
| Equity10/15 | -€134,773 | -€174,803 | -€91,476 | -€51,127 | -€43,657 | ▲ 14.6% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€153,373 | -€193,403 | -€110,076 | -€69,727 | -€62,257 | ▲ 10.7% |
| Amounts payable17/49 | €159,209 | €199,940 | €129,430 | €86,588 | €69,001 | ▼ 20.3% |
| Amounts payable within one year42/48 | €159,209 | €199,940 | €129,430 | €86,588 | €69,001 | ▼ 20.3% |
| Trade debts44 | €99,982 | €132,828 | €85,798 | €47,095 | €49,265 | ▲ 4.6% |
| Suppliers440/4 | €99,982 | €132,828 | €85,798 | €47,095 | €49,265 | ▲ 4.6% |
| Taxes, remuneration and social security45 | - | €83 | €1,249 | €1,410 | €1,081 | ▼ 23.3% |
| Taxes450/3 | - | €83 | €1,249 | €1,410 | €1,081 | ▼ 23.3% |
| Other amounts payable47/48 | €59,227 | €67,029 | €42,383 | €38,083 | €18,655 | ▼ 51.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€42,838 | -€40,031 | €83,328 | €40,349 | €7,470 | ▼ 81.5% |
| + Depreciation and write-downs630 | €1,223 | €1,998 | €1,984 | €1,984 | €1,984 | = |
| Operating cash flow (approximation) | -€41,615 | -€38,033 | €85,312 | €42,333 | €9,454 | ▼ 77.7% |
| Investment in fixed assets (approximation) | - | -€2,600 | €0 | €0 | €0 | - |
| Change in cash | - | €1,607 | €14,912 | -€16,088 | €2,561 | ▲ 116% |
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
18-09
State Gazette act
Resignation: Olivier Fagnani (director)Appointment: Allessia Espinosa-Martin (director)3 facts ▸
State Gazette act
Resignation: Olivier Fagnani (director)
Appointment: Allessia Espinosa-Martin (director)3 facts ▸
- General meeting, 26-06-2026
- Director resignation, Olivier Fagnani (director)
- Director appointment, Allessia Espinosa-Martin (director)
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Back to profitnet €83,328
Net result €83,328 after 5 loss-making years.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€60,004
Net result drops to -€60,004, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 9 acts read
About the unread acts
Of the 9 Belgian State Gazette acts we know for this company, 1 has been read. The other 8 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 director, last change in 2026
Allessia Espinosa-Martin
CurrentDirector · since 26-06-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
8 of this company's 9 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Charleroi · 2 establishment units since 2013
Ground area
1,938 m²
Building footprint
359 m²
Volume, LiDAR
4,385 m³
2 parcels, Wallonia · tallest building 16.0 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
LOR Management
since 20132.217.031.208
La Brasserie de Charleroi
since 20202.299.971.255
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52342B0493/00F000 | Wallonia | 1,763 m² | 1 · 233 m² | 13.2 m · 4 fl. |
| 52011B0240/02X000 | Wallonia | 174 m² | 1 · 126 m² | 16.0 m · 5 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.
Mandate history
2 people since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Allessia Espinosa-Martin |
|
| Olivier Fagnani |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Similar companies · same sector and region
AXISS ACOUSTIC CONCEPT
BE 0784.887.277
Charleroi
Bietlot
BE 0462.470.660
Charleroi
BUILYS MANAGEMENT
BE 1008.981.825
Charleroi
DEMROC
BE 0457.569.685
Charleroi
DM Lexa Aurea
BE 1034.954.465
Charleroi
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 82,601 companies in sector 70200 we hold annual accounts for 52,615. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-12-2009
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0821209720
Also
9925:BE0821209720
Registered
03-12-2025
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.