Checked.be
Active
BE 0765.844.395Public limited company
LOYALPAY
Kantersteen 47 ·1000 Brussel, Belgium· 5 yrs active
Sector: Computer consultancy and computer facilities management
(62200)
Conclusion
LOYALPAY has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €76k and a net result of €5k. Equity is growing by ~7.4% per year across the filed fiscal years. Its solvency ranks better than 15% of 297 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €76k |
| Net result | €5k |
| Staff (FTE) | 5.9 |
| Better than sector | 15% |
Financial profile
50
/ 100
Mixed profile: strong on stability, weaker on solvency.
All 5 axes are computed from data Checked has read.
Health
47
Profitability
54
Solvency
1
Growth
52
Stability
94
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
More than 3 years active
Founded in 2021, past the statistically most fragile first 3 years.
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
47
/ 100
Fair
Computed from 6 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
€4k
estimate, not credit advice
Score history
28
2021
48
2022
44
2023
47
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.47 (< 1.0)
-10
Quick ratio
Quick ratio 0.43 (< 0.6)
-5
Leverage
Debt/equity 90.06 (> 3.0)
-10
Profitability
ROE 7%
+3
EBITDA margin
EBITDA-marge 22% (≥ 10%)
+8
Interest coverage
Interest coverage 3.0×
+3
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 18-08-2025 with the NBB · fiscal year 2024 · full schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~7.4%/year over 4 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 2024 · NACE 62, Computer programming, consultancy and related activities · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 1.1% | 42.8% | |
| Net result | €5k | €28k | |
| Equity | €76k | €78k | |
| Staff costs | €534k | €386k | |
| Employees (FTE) | 5.9 | 5.9 |
€2.65M
-24.9%
21-24
€574k
+53.7%
21-24
€5k
+7101.7%
21-24
€375k
+46.0%
21-24
€6.95M
+16.1%
21-24
€76k
+7.6%
21-24
€-3.60M
-15.4%
21-24
6
-19.2%
21-24
€534k
+12.1%
21-24
€1k
+149.9%
21-24
€6.87M
+16.2%
21-24
€6.82M
+16.2%
21-24
0.47
+0.8%
21-24
0.43
-0.6%
21-24
1.1%
-7.3%
21-24
90.06
+8.0%
21-24
7.1%
+6592.2%
21-24
0.1%
+6101.2%
21-24
0.2%
+9490.8%
21-24
21.7%
+104.7%
21-24
2.96
-8.1%
21-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Deposit | full schema | full schema | micro schema | micro schema |
| Revenue | €2.65M | €3.53M | €3.79M | - |
| EBITDA | €574k | €373k | €203k | - |
| Net profit | €5k | €75 | €9k | €87 |
| Cash flow | €375k | €257k | €116k | - |
| Staff costs | €534k | €476k | €400k | €99k |
| Income taxes | €1k | €444 | €984 | €743 |
| Dividends | - | - | - | - |
| Total assets | €6.95M | €5.99M | €4.17M | €1.36M |
| Equity | €76k | €71k | €71k | €62k |
| Debt | €6.87M | €5.91M | €4.10M | €1.30M |
| of which ≤ 1y | €6.82M | €5.87M | €4.10M | €1.30M |
| of which > 1y | - | - | - | - |
| Working capital | €-3.60M | €-3.12M | €-2.31M | €-936k |
| Employees (FTE) | 5.9 | 7.3 | 6.5 | 6.0 |
Note: these years are not on the same basis. The filed schemas differ (full schema, micro schema), so the columns are not directly comparable.
Ratios (computed)
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | 0.47 | 0.47 | 0.44 | 0.28 |
| Quick ratio | 0.43 | 0.43 | 0.35 | 0.28 |
| Working capital ratio | -51.8% | -52.2% | -55.4% | -68.7% |
| Solvency | 1.1% | 1.2% | 1.7% | 4.5% |
| Debt / equity | 90.06 | 83.38 | 57.91 | 21.14 |
| Long-term debt ratio | - | - | - | - |
| Interest coverage | 2.96 | 3.22 | 2.35 | - |
| Gross margin | 71.5% | 10.1% | 16.0% | - |
| Net margin | 0.2% | 0.0% | 0.2% | - |
| ROA | 0.1% | 0.0% | 0.2% | 0.0% |
| ROE | 7.1% | 0.1% | 13.1% | 0.1% |
| EBITDA margin | 21.7% | 10.6% | 5.4% | - |
| Days sales outstanding | 233d | 207d | 129d | - |
| Days payable outstanding | 702d | 185d | 368d | - |
| Inventory turnover | 2.40 | 13.63 | 8.66 | - |
| Days inventory (DSI) | 152d | 27d | 42d | - |
Balance-sheet composition 2024
Full annual accounts (26 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €6.95M | €5.99M | €4.17M | €1.36M |
| Fixed assets | 21/28 | €3.73M | €3.24M | €2.38M | - |
| Formation expenses | 20 | - | - | - | €1.00M |
| Intangible fixed assets | 21 | €3.67M | €3.16M | €2.38M | - |
| Tangible fixed assets | 22/27 | €67k | €75k | €3k | - |
| Current assets | 29/58 | €3.22M | €2.75M | €1.79M | €364k |
| Stocks & contracts in progress | 3 | €315k | €233k | €367k | - |
| Amounts receivable within one year | 40/41 | €2.71M | €2.30M | €1.33M | €356k |
| Cash & bank | 54/58 | €152k | €190k | €85k | €6k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €6.95M | €5.99M | €4.17M | €1.36M |
| Equity | 10/15 | €76k | €71k | €71k | €62k |
| Contributions / capital | 10/11 | €62k | €62k | €62k | €62k |
| Reserves | 13 | €889 | €619 | €615 | - |
| Accumulated profits (losses) | 14 | €14k | €9k | €9k | €87 |
| Amounts payable | 17/49 | €6.87M | €5.91M | €4.10M | €1.30M |
| Amounts payable within one year | 42/48 | €6.82M | €5.87M | €4.10M | €1.30M |
| Trade debts payable within one year | 44 | €1.45M | €1.61M | €3.20M | €1.25M |
| Income statement | |||||
| Turnover | 70 | €2.65M | €3.53M | €3.79M | - |
| Gross operating margin | 9900 | - | €932k | €606k | €105k |
| Operating result | 9901 | €204k | €117k | €96k | €4k |
| Financial income | 75 | €4k | €10 | €740 | - |
| Financial charges | 65 | €202k | €116k | €86k | €3k |
| Result before taxes | 9903 | €7k | €519 | €10k | €831 |
| Income taxes | 67/77 | €1k | €444 | €984 | €743 |
| Net result for the period | 9904 | €5k | €75 | €9k | €87 |
| Result to be appropriated | 9905 | €5k | €75 | €9k | €87 |
Legal Structure
| NACE primary | Computer consultancy and computer facilities management(62200) |
| Legal form | Public limited company(014) |
| Incorporation | 30-03-2021 |
| Status | Active |
| Postal code | 1000 |
Establishment units
LOYALPAY
since 20212.319.448.063
Real-estate footprint
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21804D0900/00E002 | Brussels | 6,828 m² | 1 · 7,874 m² | 44.7 m · 8 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Updates
2025
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 18 days late
2024
29-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 60 days late
2023
31-12
Financial
Weakest financial yearnet €75 ▼99.2%
Net result drops to €75, the lowest in the series; recovery starts the following year.
25-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 56 days late
2022
31-12
Financial
Highest result since 2021net €9k ▲10514%
Net result €9k, the highest in the series.
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 18 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 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Wholesale of machine tools46620Computer programming, consultancy and related activities62030Computer consultancy and computer facilities management62200
Names & trade names
| Legal nameFR | LOYALPAY |
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