LQ
ActiveSummary
LQ has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €579,323 and a net result of €13,472. Equity is growing by ~22.1% per year across the filed fiscal years. Its solvency ranks better than 49% of 8763 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▼-14
Solvency77▼-17
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity ample (current ratio 2.17 against 2.57 in 2024; short-term debt: 35.3% and cash: 19.9% of total assets), and 48.2% of the assets are financed with debt.
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Signals
Four 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 · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
51.8%
Return on assets
1.2%
Age of the figures
9 mo
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 30-03-2026, 123 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
123 d early
2024
30 d early
2023
29 d early
2022
71 d late
2021
39 d early
2020
33 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 31 days before 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 1 July (4 of the last 5 filed years within 93 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€579,323▼ 11.0%
2024 · €650,851
Total assets
€1.1m▲ 18.0%
2024 · €947,514
Net result
€13,472▼ 88.2%
2024 · €114,173
Working capital
€463,145▼ 0.5%
2024 · €465,499
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€70,848▲ 1,059%€49,767▼ 29.8%€274,988▲ 453%€154,453▼ 43.8%€21,457▼ 86.1%
Net result€56,934within the sector's middle half€38,552within the sector's middle half▼ 32.3%€218,721above the sector's middle half▲ 467%€114,173within the sector's middle half▼ 47.8%€13,472within the sector's middle half▼ 88.2%
Equity€275,417within the sector's middle half▲ 26.1%€317,957within the sector's middle half▲ 15.4%€536,678within the sector's middle half▲ 68.8%€650,851within the sector's middle half▲ 21.3%€579,323within the sector's middle half▼ 11.0%
Total assets€521,583within the sector's middle half▲ 8.1%€875,430within the sector's middle half▲ 67.8%€1.1mwithin the sector's middle half▲ 22.6%€947,514within the sector's middle half▼ 11.7%€1.1mwithin the sector's middle half▲ 18.0%
Debt€246,167▼ 6.8%€557,472▲ 126%€536,789▼ 3.7%€296,663▼ 44.7%€538,923▲ 81.7%
Working capital€221,275within the sector's middle half▲ 43.3%€281,975within the sector's middle half▲ 27.4%€479,859above the sector's middle half▲ 70.2%€465,499above the sector's middle half▼ 3.0%€463,145above the sector's middle half▼ 0.5%
Solvency52.8%within the sector's middle half▲ 7.5pp36.3%within the sector's middle half▼ 16.5pp50.0%within the sector's middle half▲ 13.7pp68.7%within the sector's middle half▲ 18.7pp51.8%within the sector's middle half▼ 16.9pp
Current ratio1.90within the sector's middle half▲ 0.311.51within the sector's middle half▼ 0.391.89within the sector's middle half▲ 0.392.57within the sector's middle half▲ 0.682.17within the sector's middle half▼ 0.40
Return on assets (ROA)10.9%within the sector's middle half▲ 17.4pp4.4%within the sector's middle half▼ 6.5pp20.4%above the sector's middle half▲ 16.0pp12.0%within the sector's middle half▼ 8.3pp1.2%within the sector's middle half▼ 10.8pp
Staff (FTE)0.9below the sector's middle half▼ 43.8%1.3within the sector's middle half▲ 44.4%0within the sector's middle half▼ 100%0.4within the sector's middle half
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 abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 86% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets
€260,428 ▲ 40.5%
Current assets
€857,818 ▲ 12.6%
Equity and liabilities €1.1m
Equity
€579,323 ▼ 11.0%
Debt
€538,923 ▲ 81.7%
Debt's share of the balance-sheet total rises from 31.3% to 48.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€77,826▼
2024 · €185,255
Cash flow
€69,841▼
2024 · €144,974
Debt to equity
0.93▲
2024 · 0.46
ROE
2.3%▼
2024 · 17.5%
Interest coverage
80.96▼
2024 · 106.01
Debt ≤ 1 year
€394,673▲
2024 · €296,663
Income taxes
€7,320▼
2024 · €38,545
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,640 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 95% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
3.6%
stopped otherwise
95%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 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% | 1.9% |
| 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 1,640 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 | €0 | - | - | - | - | - |
| Remuneration, social security and pensions62 | €49,714 | €77,541 | €58,783 | €15,277 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,884 | €19,419 | €21,928 | €30,802 | €56,369 | ▲ 83.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €3,146 | €0 | -€3,146 | - |
| Other operating charges640/8 | €361 | €348 | €384 | €968 | €5,450 | ▲ 463% |
| Gross operating margin9900 | €144,808 | €147,074 | €359,230 | €201,499 | €80,130 | ▼ 60.2% |
| Operating profit (loss)9901 | €70,848 | €49,767 | €274,988 | €154,453 | €21,457 | ▼ 86.1% |
| Financial income75/76B | €0 | €5,636 | €23,349 | €12 | €297 | ▲ 2,308% |
| Recurring financial income75 | €0 | €5,636 | €23,349 | €12 | €297 | ▲ 2,308% |
| Financial charges65/66B | €924 | €1,251 | €2,235 | €1,748 | €961 | ▼ 45.0% |
| Recurring financial charges65 | €924 | €1,251 | €2,235 | €1,748 | €961 | ▼ 45.0% |
| Non-recurring financial charges66B | €0 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €69,925 | €54,151 | €296,103 | €152,718 | €20,793 | ▼ 86.4% |
| Income taxes67/77 | €12,991 | €15,598 | €77,382 | €38,545 | €7,320 | ▼ 81.0% |
| Profit (loss) for the period9904 | €56,934 | €38,552 | €218,721 | €114,173 | €13,472 | ▼ 88.2% |
| Profit (loss) for the period to be appropriated9905 | €56,934 | €38,552 | €218,721 | €114,173 | €13,472 | ▼ 88.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €521,583 | €875,430 | €1.1m | €947,514 | €1.1m | ▲ 18.0% |
| Formation expenses20 | €11,276 | €5,669 | €61 | €0 | - | - |
| Fixed assets21/28 | €42,865 | €30,314 | €56,758 | €185,352 | €260,428 | ▲ 40.5% |
| Intangible fixed assets21 | €39,253 | €26,714 | €48,458 | €174,924 | €249,688 | ▲ 42.7% |
| Tangible fixed assets22/27 | €12 | €0 | - | €1,428 | €1,740 | ▲ 21.8% |
| Plant, machinery and equipment23 | €7 | €0 | - | - | - | - |
| Furniture and vehicles24 | €5 | €0 | - | €1,428 | €1,740 | ▲ 21.8% |
| Financial fixed assets28 | €3,600 | €3,600 | €8,300 | €9,000 | €9,000 | = |
| Current assets29/58 | €467,442 | €839,447 | €1.0m | €762,162 | €857,818 | ▲ 12.6% |
| Amounts receivable within one year40/41 | €383,468 | €590,960 | €775,691 | €336,925 | €393,575 | ▲ 16.8% |
| Trade receivables40 | €341,540 | €506,828 | €677,750 | €201,185 | €332,039 | ▲ 65.0% |
| Other amounts receivable41 | €41,928 | €84,133 | €97,941 | €135,740 | €61,536 | ▼ 54.7% |
| Current investments50/53 | - | - | - | €80,500 | €201,761 | ▲ 151% |
| Cash at bank and in hand54/58 | €80,168 | €226,418 | €229,195 | €318,410 | €222,939 | ▼ 30.0% |
| Deferred charges and accrued income490/1 | €3,806 | €22,069 | €11,762 | €26,327 | €39,543 | ▲ 50.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €521,583 | €875,430 | €1.1m | €947,514 | €1.1m | ▲ 18.0% |
| Equity10/15 | €275,417 | €317,957 | €536,678 | €650,851 | €579,323 | ▼ 11.0% |
| Contributions10/11 | €250,000 | €250,000 | €250,000 | €250,000 | €250,000 | = |
| Reserves13 | €29,405 | €29,405 | €29,405 | €144,405 | €329,323 | ▲ 128% |
| Non-distributable reserves130/1 | - | - | - | €115,000 | €194,450 | ▲ 69.1% |
| Own shares acquired1312 | - | - | - | €115,000 | €194,450 | ▲ 69.1% |
| Distributable reserves133 | €29,405 | €29,405 | €29,405 | €29,405 | €134,873 | ▲ 359% |
| Profit (loss) carried forward14 | -€3,988 | €38,552 | €257,273 | €256,446 | - | - |
| Amounts payable17/49 | €246,167 | €557,472 | €536,789 | €296,663 | €538,923 | ▲ 81.7% |
| Amounts payable within one year42/48 | €246,167 | €557,472 | €536,789 | €296,663 | €394,673 | ▲ 33.0% |
| Financial debts43 | €133 | €66 | €41 | €24 | €1,815 | ▲ 7,347% |
| Credit institutions430/8 | €133 | €66 | €41 | €24 | €1,815 | ▲ 7,347% |
| Trade debts44 | €234,869 | €548,474 | €524,915 | €284,850 | €193,907 | ▼ 31.9% |
| Suppliers440/4 | €234,869 | €548,474 | €524,915 | €284,850 | €193,907 | ▼ 31.9% |
| Taxes, remuneration and social security45 | €11,121 | €8,888 | €11,789 | €11,789 | €18,000 | ▲ 52.7% |
| Taxes450/3 | €891 | €1,499 | €11,789 | €11,789 | €18,000 | ▲ 52.7% |
| Remuneration and social security454/9 | €10,230 | €7,389 | €0 | - | - | - |
| Other amounts payable47/48 | €45 | €45 | €45 | €0 | €180,950 | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €144,250 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €56,934 | €38,552 | €218,721 | €114,173 | €13,472 | ▼ 88.2% |
| + Depreciation and write-downs630 | €23,884 | €19,419 | €21,928 | €30,802 | €56,369 | ▲ 83.0% |
| Operating cash flow (approximation) | €80,818 | €57,971 | €240,649 | €144,974 | €69,841 | ▼ 51.8% |
| Investment in fixed assets (approximation) | - | -€6,867 | -€48,372 | -€159,396 | -€131,445 | ▲ 17.5% |
| Change in cash | - | €146,250 | €2,777 | €89,215 | -€95,471 | ▼ 207% |
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
16-07
State Gazette act
Resignation: BV INFORM (director)Permanent representative: Heidi THEYS · Registered-office move5 facts ▸
State Gazette act
Resignation: BV INFORM (director)
Permanent representative: Heidi THEYS · Registered-office move5 facts ▸
- Board meeting, 01-04-2026
- Director resignation, BV INFORM (director)
- Permanent representative, Heidi THEYS (permanent representative)
- Registered-office move, 2800 Mechelen, Hendrik Consciencestraat 5 bus 0301
- Other statement, 16-12-2025
30-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2020net €218,721 ▲467%
Operating result €274,988, net result €218,721, both a record.
31-12
Financial
Equity above €500,000Eq €536,678 ▲68.8%
3 profitable years in a row build equity to €536,678.
10-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 71 days late
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €56,934
Net result €56,934 after one loss-making year.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 7 acts read
About the unread acts
Of the 7 Belgian State Gazette acts we know for this company, 1 has been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Not every act has been read: a resignation may be missing here
6 of this company's 7 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, Mechelen · 1 establishment unit since 2019
Ground area
1,593 m²
Building footprint
607 m²
Parcel 12403D0086/00Y007, Flanders. Linked by address, not a title deed.
18
companies at this address
See who is registered here
1 establishment unit
LemnisQ
since 20192.285.186.475
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12403D0086/00Y007 | Flanders | 1,593 m² | 1 · 607 m² | - |
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.
Mandate history
1 person since 2025, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| BV INFORM |
|
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 2,669 EUR awarded · 2,370 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 299 EUR | 0 EUR |
| 2022 | 1 | 2,370 EUR | 2,370 EUR |
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Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 33,450 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
Founded29-01-2019
Fiscal year end31-12
Trade name NL
LQ Academy of LQ Group
Activities, NACEBEL 2025
70200Business and other management consultancy
62200Computer consultancy and computer facilities management
73300Public relations and communication consultancy
85599Other education
Contact
Website
www.lemnisq.com
Website
www.lq.team
E-mail
Gunter.Blanckaert@lq.team
E-mail
heidi.theys@lemnisq.com
Phone
+32479730087
Phone
0488006882
E-invoicing
Reachable via Peppol
Peppol ID
0208:0719556292
Also
9925:BE0719556292
Registered
03-12-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.