LT ADVICE
ActiveSummary
The annual accounts of LT ADVICE for fiscal year 2024 show a net loss of 80% of the equity at the start of that year. The 2024 annual accounts show equity of €3,709 and a net result of -€16,272. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 15372 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability61▼-22
Solvency26▼-3
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.06 against 1.38 in 2023; short-term debt: 31.5% and cash: 1.5% of total assets), and 99.2% of the assets are financed with debt.
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Signals
Five 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 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% 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 2024Solvency, return and age of the figures
Solvency
0.8%
Return on assets
-3.4%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 15372 sector peers (2024).
NBB · sector comparisonPosition among 15372 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-10-2025, 71 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
71 d late
2023
75 d late
2022
70 d late
2021
43 d late
2020
258 d late
2019
104 d late
← 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 104 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 (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€3,709▼ 81.9%
2023 · €20,465
Total assets
€474,864▼ 1.3%
2023 · €481,063
Net result
-€16,272
2023 · €52,936
Working capital
€8,582▼ 81.9%
2023 · €47,506
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting 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
Line20202021202220232024
Operating result€18,721-€16,702€32,128€66,906▲ 108%-€1,027
Net result€14,401within the sector's middle half-€30,367below the sector's middle half€17,644within the sector's middle half€52,936within the sector's middle half▲ 200%-€16,272below the sector's middle half
Equity-€19,747below the sector's middle half▲ 42.2%-€50,114below the sector's middle half▼ 154%-€32,470below the sector's middle half▲ 35.2%€20,465below the sector's middle half€3,709below the sector's middle half▼ 81.9%
Total assets€539,682above the sector's middle half▲ 7.6%€541,491above the sector's middle half▲ 0.3%€522,960above the sector's middle half▼ 3.4%€481,063within the sector's middle half▼ 8.0%€474,864within the sector's middle half▼ 1.3%
Debt€559,429▲ 4.4%€591,605▲ 5.8%€555,430▼ 6.1%€460,598▼ 17.1%€471,155▲ 2.3%
Working capital€119,223within the sector's middle half▲ 62.8%€31,018within the sector's middle half▼ 74.0%€43,985within the sector's middle half▲ 41.8%€47,506within the sector's middle half▲ 8.0%€8,582below the sector's middle half▼ 81.9%
Solvency-3.7%below the sector's middle half▲ 3.1pp-9.3%below the sector's middle half▼ 5.6pp-6.2%below the sector's middle half▲ 3.0pp4.3%below the sector's middle half▲ 10.5pp0.8%below the sector's middle half▼ 3.5pp
Current ratio2.41within the sector's middle half▲ 0.831.22below the sector's middle half▼ 1.191.29within the sector's middle half▲ 0.071.38within the sector's middle half▲ 0.091.06below the sector's middle half▼ 0.33
Return on assets (ROA)2.7%below the sector's middle half▲ 16.8pp-5.6%below the sector's middle half▼ 8.3pp3.4%below the sector's middle half▲ 9.0pp11.0%within the sector's middle half▲ 7.6pp-3.4%below the sector's middle half▼ 14.4pp
Staff (FTE)0.1below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting 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 turns negative in 2024: a loss of €1,027 after €66,906 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €474,864
Fixed assets
€316,820 ▲ 2.3%
Current assets
€158,044 ▼ 7.7%
Equity and liabilities €474,864
Equity
€3,709 ▼ 81.9%
Debt
€471,155 ▲ 2.3%
Debt's share of the balance-sheet total rises from 95.7% to 99.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€63,239▼
2023 · €105,937
Cash flow
€47,994▼
2023 · €91,967
ROE
-438.7%▼
2023 · 258.7%
Interest coverage
5.59▼
2023 · 10.78
Debt ≤ 1 year
€149,462▲
2023 · €123,795
Debt > 1 year
€321,628▼
2023 · €336,739
Income taxes
€3,933▼
2023 · €4,171
A ratio outside any meaningful range has been withheld (balance sheet total €474,864, equity €3,709).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 912 companies that looked in July 2024 the way this one looks now, 2.4% went bankrupt within 24 months and 95% are still going.
- Small
- 10 to 20 years old
- solvency under 10%
- a small loss
2.4%
went bankrupt
2.1%
stopped otherwise
95%
still going
A further 0.2% 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 497,338 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 912 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €1,567 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €42,856 | €41,446 | €41,963 | €39,031 | €64,266 | ▲ 64.7% |
| Other operating charges640/8 | €4,518 | €2,678 | €3,880 | €3,955 | €9,220 | ▲ 133% |
| Gross operating margin9900 | €67,662 | €27,422 | €77,972 | €109,892 | €72,460 | ▼ 34.1% |
| Operating profit (loss)9901 | €18,721 | -€16,702 | €32,128 | €66,906 | -€1,027 | ▼ 102% |
| Financial income75/76B | €3 | - | - | €25 | €0 | ▼ 99.5% |
| Recurring financial income75 | €3 | - | - | €25 | €0 | ▼ 99.5% |
| Financial charges65/66B | €12,102 | €12,648 | €12,621 | €9,825 | €11,313 | ▲ 15.1% |
| Recurring financial charges65 | €12,102 | €12,648 | €12,621 | €9,825 | €11,313 | ▲ 15.1% |
| Profit (loss) for the period before taxes9903 | €6,622 | -€29,350 | €19,507 | €57,106 | -€12,339 | ▼ 122% |
| Income taxes67/77 | -€7,779 | €1,017 | €1,863 | €4,171 | €3,933 | ▼ 5.7% |
| Profit (loss) for the period9904 | €14,401 | -€30,367 | €17,644 | €52,936 | -€16,272 | ▼ 131% |
| Profit (loss) for the period to be appropriated9905 | €14,401 | -€30,367 | €17,644 | €52,936 | -€16,272 | ▼ 131% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €539,682 | €541,491 | €522,960 | €481,063 | €474,864 | ▼ 1.3% |
| Fixed assets21/28 | €336,023 | €368,190 | €327,726 | €309,762 | €316,820 | ▲ 2.3% |
| Intangible fixed assets21 | €880 | €289 | €231 | €174 | €116 | ▼ 33.3% |
| Tangible fixed assets22/27 | €327,927 | €360,684 | €319,779 | €301,872 | €308,988 | ▲ 2.4% |
| Land and buildings22 | €218,774 | €209,659 | €200,543 | €191,428 | €182,312 | ▼ 4.8% |
| Plant, machinery and equipment23 | €71,126 | €127,268 | €107,054 | €86,839 | €68,704 | ▼ 20.9% |
| Furniture and vehicles24 | €36,426 | €22,157 | €9,582 | €1,406 | €32,522 | ▲ 2,213% |
| Other tangible fixed assets26 | €1,600 | €1,600 | €2,600 | €22,200 | €25,450 | ▲ 14.6% |
| Financial fixed assets28 | €7,216 | €7,216 | €7,716 | €7,716 | €7,716 | = |
| Current assets29/58 | €203,659 | €173,301 | €195,233 | €171,301 | €158,044 | ▼ 7.7% |
| Amounts receivable within one year40/41 | €74,142 | €64,343 | €64,800 | €64,670 | €65,946 | ▲ 2.0% |
| Trade receivables40 | €68,891 | €57,985 | €58,491 | €57,483 | €63,838 | ▲ 11.1% |
| Other amounts receivable41 | €5,252 | €6,357 | €6,308 | €7,187 | €2,108 | ▼ 70.7% |
| Current investments50/53 | €10 | €10 | €10 | €10 | €10 | ▲ 0.6% |
| Cash at bank and in hand54/58 | €26,081 | €3,913 | €25,355 | €12,494 | €7,302 | ▼ 41.6% |
| Deferred charges and accrued income490/1 | €103,425 | €105,035 | €105,069 | €94,128 | €84,786 | ▼ 9.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €539,682 | €541,491 | €522,960 | €481,063 | €474,864 | ▼ 1.3% |
| Equity10/15 | -€19,747 | -€50,114 | -€32,470 | €20,465 | €3,709 | ▼ 81.9% |
| Contributions10/11 | €12,350 | €12,350 | €12,350 | €12,350 | €12,350 | = |
| Reserves13 | €1,860 | €1,860 | €18,860 | €58,860 | €68,860 | ▲ 17.0% |
| Distributable reserves133 | €1,860 | €1,860 | €18,860 | €58,860 | €68,860 | ▲ 17.0% |
| Profit (loss) carried forward14 | -€33,957 | -€64,324 | -€63,680 | -€50,745 | -€77,501 | ▼ 52.7% |
| Amounts payable17/49 | €559,429 | €591,605 | €555,430 | €460,598 | €471,155 | ▲ 2.3% |
| Amounts payable after more than one year17 | €474,937 | €449,265 | €404,118 | €336,739 | €321,628 | ▼ 4.5% |
| Financial debts170/4 | €474,937 | €449,265 | €404,118 | €336,739 | €321,628 | ▼ 4.5% |
| Amounts payable within one year42/48 | €84,435 | €142,284 | €151,249 | €123,795 | €149,462 | ▲ 20.7% |
| Current portion of amounts payable after more than one year42 | €55,490 | €55,488 | €45,147 | €55,868 | €64,577 | ▲ 15.6% |
| Trade debts44 | €10,086 | €27,752 | €17,806 | €13,578 | €43,196 | ▲ 218% |
| Suppliers440/4 | €10,086 | €27,752 | €17,806 | €13,578 | €43,196 | ▲ 218% |
| Advances received on contracts in progress46 | - | €750 | - | - | - | - |
| Taxes, remuneration and social security45 | €16,120 | €20,462 | €19,891 | €24,612 | €24,852 | ▲ 1.0% |
| Taxes450/3 | €16,120 | €20,462 | €19,891 | €24,612 | €24,852 | ▲ 1.0% |
| Other amounts payable47/48 | €2,740 | €37,832 | €68,404 | €29,737 | €16,836 | ▼ 43.4% |
| Accrued charges and deferred income492/3 | €57 | €57 | €64 | €64 | €66 | ▲ 3.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,401 | -€30,367 | €17,644 | €52,936 | -€16,272 | ▼ 131% |
| + Depreciation and write-downs630 | €42,856 | €41,446 | €41,963 | €39,031 | €64,266 | ▲ 64.7% |
| Operating cash flow (approximation) | €57,257 | €11,079 | €59,608 | €91,967 | €47,994 | ▼ 47.8% |
| Investment in fixed assets (approximation) | - | -€73,613 | -€1,500 | -€21,067 | -€71,324 | ▼ 239% |
| Change in cash | - | -€22,168 | €21,442 | -€12,862 | -€5,192 | ▲ 59.6% |
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
2026
04-06
State Gazette act
Resignation: L&B ASSOCIATES SRL (manager)Appointment: LINEA ADVISORY LLC (director) · Permanent representative: Amandine LAMBERT · Registered-office move5 facts ▸
State Gazette act
Resignation: L&B ASSOCIATES SRL (manager)
Appointment: LINEA ADVISORY LLC (director) · Permanent representative: Amandine LAMBERT · Registered-office move5 facts ▸
- General meeting, 17-02-2026
- Registered-office move, BE-1050 Ixelles, rue Capitaine Crespel 30/ bte A.03
- Director resignation, L&B ASSOCIATES SRL (manager)
- Director appointment, LINEA ADVISORY LLC (director)
- Permanent representative, Amandine LAMBERT (representative)
2025
10-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 71 days late
2024
14-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 75 days late
2023
31-12
Financial
Highest result since 2018net €52,936 ▲200%
Operating result €66,906, net result €52,936, both a record.
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
31-12
Financial
Back to profitnet €17,644
Net result €17,644 after one loss-making year.
12-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 43 days late
15-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 258 days late
2020
31-12
Financial
Back to profitnet €14,401
Net result €14,401 after one loss-making year.
12-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 104 days late
2019
31-12
Financial
Weakest financial yearnet -€70,670
Net result drops to -€70,670, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
15-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 15 days late
2017
30-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 91 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Board 1
LINEA ADVISORY LLC
CurrentDirector · since 04-06-2026 · Legal entity · perm. rep.: Amandine LAMBERT
Permanent representatives 1
Amandine LAMBERT
CurrentPermanent representative · since 04-06-2026 · for LINEA ADVISORY LLC
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
3 of this company's 4 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, Elsene · 1 establishment unit since 2016
Ground area
1,111 m²
Building footprint
963 m²
Volume, LiDAR
12,214 m³
Parcel 21009A0376/00C009, Brussels · tallest building 19.2 m, ±5 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
LT ADVICE SRL
since 20162.252.651.685
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21009A0376/00C009 | Brussels | 1,111 m² | 1 · 963 m² | 19.2 m · 5 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.
Mandate history
2 people since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| LINEA ADVISORY LLC |
|
| L&B ASSOCIATES SRL |
|
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 1
-
12.31%
According to the 2024 annual accounts of LT ADVICE and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
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Shareholding
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Of 12,174 companies in sector 69201 we hold annual accounts for 7,641. 1,679 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
Founded25-03-2016
Fiscal year end31-12
Abbreviation FR
L & A PARTNERS
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0650807444
Also
9925:BE0650807444
Registered
24-11-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.