LEGITY
ActiveSummary
The computed 12-month bankruptcy probability of LEGITY is 2.2% (moderate). The 2025 annual accounts show negative equity (-€17,378) and a net result of -€24,490. Equity is shrinking by ~155.8% per year across the filed fiscal years. Its solvency ranks better than 5% of 12819 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 3 accounts on average 30 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)
History
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Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
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.
Peer companies
Historical observationOf the 7,657 companies that looked in July 2024 the way this one looks now, 8.2% went bankrupt within 24 months and 84% are still going.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.2% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 7,657 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.
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €406 | €618 | ▲ 52.4% |
| Other operating charges640/8 | - | €125 | €175 | ▲ 40.2% |
| Gross operating margin9900 | €2,443 | €3,827 | -€23,008 | ▼ 701% |
| Operating profit (loss)9901 | €2,443 | €3,296 | -€23,801 | ▼ 822% |
| Financial income75/76B | €15 | €22 | €0 | ▼ 98.4% |
| Recurring financial income75 | €15 | €22 | €0 | ▼ 98.4% |
| Financial charges65/66B | €41 | €79 | €689 | ▲ 773% |
| Recurring financial charges65 | €41 | €79 | €689 | ▲ 773% |
| Profit (loss) for the period before taxes9903 | €2,417 | €3,240 | -€24,490 | ▼ 856% |
| Income taxes67/77 | €639 | €905 | €0 | ▼ 100.0% |
| Profit (loss) for the period9904 | €1,778 | €2,334 | -€24,490 | ▼ 1,149% |
| Profit (loss) for the period to be appropriated9905 | €1,778 | €2,334 | -€24,490 | ▼ 1,149% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €10,136 | €10,078 | €12,890 | ▲ 27.9% |
| Fixed assets21/28 | - | €2,234 | €1,616 | ▼ 27.7% |
| Tangible fixed assets22/27 | - | €2,234 | €1,616 | ▼ 27.7% |
| Furniture and vehicles24 | - | €540 | €314 | ▼ 41.8% |
| Other tangible fixed assets26 | - | €1,695 | €1,302 | ▼ 23.2% |
| Current assets29/58 | €10,136 | €7,844 | €11,274 | ▲ 43.7% |
| Amounts receivable within one year40/41 | €6,324 | €6,875 | €8,798 | ▲ 28.0% |
| Trade receivables40 | €6,324 | €3,773 | €479 | ▼ 87.3% |
| Other amounts receivable41 | - | €3,101 | €8,319 | ▲ 168% |
| Cash at bank and in hand54/58 | €3,811 | €970 | €2,476 | ▲ 155% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €10,136 | €10,078 | €12,890 | ▲ 27.9% |
| Equity10/15 | €4,778 | €7,112 | -€17,378 | ▼ 344% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €1,778 | €4,112 | -€20,378 | ▼ 596% |
| Amounts payable17/49 | €5,358 | €2,966 | €30,268 | ▲ 920% |
| Amounts payable after more than one year17 | - | - | €16,141 | - |
| Financial debts170/4 | - | - | €16,141 | - |
| Amounts payable within one year42/48 | €5,358 | €2,966 | €14,127 | ▲ 376% |
| Financial debts43 | - | - | €1,535 | - |
| Other loans439 | - | - | €1,535 | - |
| Trade debts44 | €1,671 | €1,950 | €3,647 | ▲ 87.0% |
| Suppliers440/4 | €1,671 | €1,950 | €3,647 | ▲ 87.0% |
| Advances received on contracts in progress46 | €350 | - | - | - |
| Taxes, remuneration and social security45 | €3,238 | €816 | €8,945 | ▲ 996% |
| Taxes450/3 | €3,238 | €816 | €8,945 | ▲ 996% |
| Other amounts payable47/48 | €99 | €200 | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,778 | €2,334 | -€24,490 | ▼ 1,149% |
| + Depreciation and write-downs630 | - | €406 | €618 | ▲ 52.4% |
| Operating cash flow (approximation) | €1,778 | €2,740 | -€23,872 | ▼ 971% |
| Investment in fixed assets (approximation) | - | - | €0 | - |
| Change in cash | - | -€2,841 | €1,506 | ▲ 153% |
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
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
3 establishment units
3 parcels
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21814P0441/00B000 | Brussels | 4.4 ha | 1 · 3.9 ha | 34.0 m · 6 fl. |
| 23003A0265/00T002 | Flanders | 1,045 m² | 1 · 141 m² | 7.6 m · 2 fl. |
| 21618B0261/00K002 | Brussels | 371 m² | 1 · 178 m² | 37.0 m · 10 fl. |
Linked by address, not proof of ownership
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Identification & contact
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.