Openlaw
ActiveSummary
Openlaw has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €103k and a net result of €19k. Equity is growing by ~51.6% per year across the filed fiscal years. Its solvency ranks better than 46% of 15367 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability82▼-12
Solvency81▼-4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 1.94 against 1.72 in 2023; short-term debt: 44.1% and cash: 31% of total assets), and 44.1% of the assets are financed with debt.
Credit check for your own amount and term
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 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-10-2025, 81 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
81 d late
2023
82 d late
2022
32 d late
2021
87 d late
2020
107 d late
2019
122 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€103k▼ 4.8%
2023 · €108k
2018: €12klowest in 7 years
2019: €25k▲ +103% vs 2018
2020: €28k▲ +15.1% vs 2019
2021: €31k▲ +8.5% vs 2020
2022: €76k▲ +146% vs 2021
2023: €108k▲ +42.4% vs 2022highest in 7 years
2024: €103k▼ -4.8% vs 2023
2018 → 2024
Total assets
€184k▲ 2.1%
2023 · €180k
2018: €173k
2019: €143k▼ -17.5% vs 2018
2020: €163k▲ +13.9% vs 2019
2021: €125k▼ -22.9% vs 2020lowest in 7 years
2022: €142k▲ +13.2% vs 2021
2023: €180k▲ +27.0% vs 2022
2024: €184k▲ +2.1% vs 2023highest in 7 years
2018 → 2024
Net result
€19k▼ 47.5%
2023 · €36k
2018: €6k
2019: €94▼ -98.4% vs 2018lowest in 7 years
2020: €4k▲ +3872% vs 2019
2021: €2k▼ -35.1% vs 2020
2022: €51k▲ +1993% vs 2021highest in 7 years
2023: €36k▼ -29.2% vs 2022
2024: €19k▼ -47.5% vs 2023
2018 → 2024
Working capital
€77k▲ 47.3%
2023 · €52k
2018: €-159klowest in 7 years
2019: €-118k▲ +26.0% vs 2018
2020: €-84k▲ +28.9% vs 2019
2021: €-51k▲ +38.6% vs 2020
2022: €22k▲ +143% vs 2021
2023: €52k▲ +134% vs 2022
2024: €77k▲ +47.3% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€28k-€31k▲ 8.5%€76k▲ 146%€108k▲ 42.4%€103k▼ 4.8%
2020: €28klowest in 5 years
2021: €31k▲ +8.5% vs 2020
2022: €76k▲ +146% vs 2021
2023: €108k▲ +42.4% vs 2022highest in 5 years
2024: €103k▼ -4.8% vs 2023
Operating result€8k-€3k▼ 63.1%€75k▲ 2,294%€55k▼ 27.2%€29k▼ 47.2%
2020: €8k
2021: €3k▼ -63.1% vs 2020lowest in 5 years
2022: €75k▲ +2294% vs 2021highest in 5 years
2023: €55k▼ -27.2% vs 2022
2024: €29k▼ -47.2% vs 2023
Net result€4k-€2k▼ 35.1%€51k▲ 1,993%€36k▼ 29.2%€19k▼ 47.5%
2020: €4k
2021: €2k▼ -35.1% vs 2020lowest in 5 years
2022: €51k▲ +1993% vs 2021highest in 5 years
2023: €36k▼ -29.2% vs 2022
2024: €19k▼ -47.5% vs 2023
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; 2024 is 47% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €184k
Fixed assets
€26k ▼ 53.2%
Current assets
€158k ▲ 27.0%
Equity and liabilities €184k
Equity
€103k ▼ 4.8%
Debt
€81k ▲ 12.4%
Debt's share of the balance-sheet total rises from 40.1% to 44.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€62k▼
2023 · €85k
Cash flow
€53k▼
2023 · €66k
Current ratio
1.94▲
2023 · 1.72
Debt to equity
0.79▲
2023 · 0.67
ROE
18.3%▼
2023 · 33.3%
ROA
10.2%▼
2023 · 19.9%
Interest coverage
68.09▼
2023 · 77.35
Debt ≤ 1 year
€81k▲
2023 · €72k
Income taxes
€10k▼
2023 · €18k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 45 lines
Balance sheet
Code20232024
Assets
Total assets20/58€180k€184k▲
Fixed assets21/28€56k€26k▼
Intangible fixed assets21€26k-
Tangible fixed assets22/27€30k€26k▼
Furniture and vehicles24€18k€15k▼
Other tangible fixed assets26€12k€12k▼
Current assets29/58€124k€158k▲
Amounts receivable within one year40/41€58k€100k▲
Trade receivables40€49k€76k▲
Other amounts receivable41€8k€24k▲
Cash at bank and in hand54/58€67k€57k▼
Deferred charges and accrued income490/1-€797
Equity and liabilities
Total equity and liabilities10/49€180k€184k▲
Equity10/15€108k€103k▼
Contributions10/11€19k€19k=
Reserves13€41k€41k=
Non-distributable reserves130/1€300€300=
Reserves not available under the articles1311€300€300=
Distributable reserves133€41k€41k=
Profit (loss) carried forward14€48k€43k▼
Amounts payable17/49€72k€81k▲
Amounts payable within one year42/48€72k€81k▲
Trade debts44€44k€45k▲
Suppliers440/4€44k€45k▲
Taxes, remuneration and social security45€25k€16k▼
Taxes450/3€25k€16k▼
Other amounts payable47/48€3k€20k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€34k▲
Other operating charges640/8€885€2k▲
Gross operating margin9900€85k€64k▼
Operating profit (loss)9901€55k€29k▼
Financial income75/76B€199€974▲
Recurring financial income75€199€974▲
Financial charges65/66B€1k€918▼
Recurring financial charges65€1k€918▼
Profit (loss) for the period before taxes9903€54k€29k▼
Income taxes67/77€18k€10k▼
Profit (loss) for the period9904€36k€19k▼
Profit (loss) for the period to be appropriated9905€36k€19k▼
Appropriation of the result
Profit (loss) to be appropriated9906€70k€67k▼
Profit (loss) brought forward from the previous period14P€34k€48k▲
Transfer to equity691/2€18k-
To other reserves6921€18k-
Profit to be distributed694/7€4k€24k▲
Return on contributions (dividend)694€4k€24k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31k | €31k | €31k | €30k | €34k | ▲ 12.5% |
| Other operating charges640/8 | - | €846 | €348 | €885 | €2k | ▲ 74.3% |
| Gross operating margin9900 | €43k | €35k | €106k | €85k | €64k | ▼ 25.0% |
| Operating profit (loss)9901 | €8k | €3k | €75k | €55k | €29k | ▼ 47.2% |
| Financial income75/76B | - | - | €5 | €199 | €974 | ▲ 390% |
| Recurring financial income75 | €3 | - | €5 | €199 | €974 | ▲ 390% |
| Financial charges65/66B | - | €1k | €2k | €1k | €918 | ▼ 16.0% |
| Recurring financial charges65 | €2k | €1k | €2k | €1k | €918 | ▼ 16.0% |
| Profit (loss) for the period before taxes9903 | €7k | €2k | €73k | €54k | €29k | ▼ 46.2% |
| Income taxes67/77 | €3k | €-724 | €23k | €18k | €10k | ▼ 43.6% |
| Profit (loss) for the period9904 | €4k | €2k | €51k | €36k | €19k | ▼ 47.5% |
| Profit (loss) for the period to be appropriated9905 | €4k | €2k | €51k | €36k | €19k | ▼ 47.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €163k | €125k | €142k | €180k | €184k | ▲ 2.1% |
| Fixed assets21/28 | €112k | €82k | €54k | €56k | €26k | ▼ 53.2% |
| Intangible fixed assets21 | €103k | €77k | €51k | €26k | - | - |
| Tangible fixed assets22/27 | €9k | €5k | €2k | €30k | €26k | ▼ 13.3% |
| Furniture and vehicles24 | - | €5k | €2k | €18k | €15k | ▼ 20.4% |
| Other tangible fixed assets26 | - | - | - | €12k | €12k | ▼ 2.2% |
| Current assets29/58 | €51k | €43k | €88k | €124k | €158k | ▲ 27.0% |
| Amounts receivable within one year40/41 | €40k | €41k | €45k | €58k | €100k | ▲ 73.7% |
| Trade receivables40 | - | €41k | €45k | €49k | €76k | ▲ 55.2% |
| Other amounts receivable41 | - | - | €608 | €8k | €24k | ▲ 182% |
| Cash at bank and in hand54/58 | €10k | €2k | €43k | €67k | €57k | ▼ 14.4% |
| Deferred charges and accrued income490/1 | - | - | - | - | €797 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €163k | €125k | €142k | €180k | €184k | ▲ 2.1% |
| Equity10/15 | €28k | €31k | €76k | €108k | €103k | ▼ 4.8% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €300 | €300 | €23k | €41k | €41k | = |
| Non-distributable reserves130/1 | - | €300 | €300 | €300 | €300 | = |
| Reserves not available under the articles1311 | - | €300 | €300 | €300 | €300 | = |
| Distributable reserves133 | - | - | €23k | €41k | €41k | = |
| Profit (loss) carried forward14 | €9k | €12k | €34k | €48k | €43k | ▼ 10.7% |
| Amounts payable17/49 | €134k | €95k | €66k | €72k | €81k | ▲ 12.4% |
| Amounts payable within one year42/48 | €134k | €95k | €66k | €72k | €81k | ▲ 12.4% |
| Financial debts43 | - | €15k | - | - | - | - |
| Credit institutions430/8 | - | €15k | - | - | - | - |
| Trade debts44 | €40k | €40k | €45k | €44k | €45k | ▲ 0.6% |
| Suppliers440/4 | - | €40k | €45k | €44k | €45k | ▲ 0.6% |
| Taxes, remuneration and social security45 | - | €7k | €12k | €25k | €16k | ▼ 34.6% |
| Taxes450/3 | - | €7k | €12k | €25k | €16k | ▼ 34.6% |
| Other amounts payable47/48 | - | €33k | €10k | €3k | €20k | ▲ 544% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4k | €2k | €51k | €36k | €19k | ▼ 47.5% |
| + Depreciation and write-downs630 | €31k | €31k | €31k | €30k | €34k | ▲ 12.5% |
| Operating cash flow (approximation) | €34k | €33k | €82k | €66k | €53k | ▼ 20.2% |
| Investment in fixed assets (approximation) | - | €-712 | €-2k | €-32k | €-4k | ▲ 87.9% |
| Change in cash | - | €-8k | €40k | €24k | €-10k | ▼ 140% |
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
2025
20-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 81 days late
2024
21-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 82 days late
2023
31-12
Financial
Equity above €100kEq €108k ▲42.4%
6 profitable years in a row build equity to €108k.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial
Highest result since 2018net €51k ▲1,993%
Operating result €75k, net result €51k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 1.34
Current ratio from 0.46 to 1.34; short-term debt falls from €95k to €66k.
26-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 87 days late
2021
15-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 107 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
31-12
Financial
Weakest financial yearnet €94 ▼98.4%
Net result drops to €94, the lowest in the series; recovery starts the following year.
08-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 100 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2018
Ground area
493 m²
Building footprint
325 m²
Volume, LiDAR
4,796 m³
2 parcels, Brussels · tallest building 22.2 m, ±6 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Openlaw
since 20182.280.251.650
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21815D0019/00D002 | Brussels | 270 m² | 1 · 101 m² | 16.9 m · 4 fl. |
| 21447B0212/00Y003 | Brussels | 224 m² | 1 · 224 m² | 22.1 m · 6 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.
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Of 22,056 companies in sector 69101 we hold annual accounts for 9,055. 7,557 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 (pre-2019)
Founded03-07-2018
Fiscal year end31-12
Activities, NACEBEL 2025
69101Activities of lawyers
Scores and ratios are computed by Checked and are not a credit decision.