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 €102,732 and a net result of €18,840. Equity is growing by ~51.6% per year across the filed fiscal years. Its solvency ranks better than 46% of 15372 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 €8,000 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.
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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 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 →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 85 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
€102,732▼ 4.8%
2023 · €107,891
Total assets
€183,923▲ 2.1%
2023 · €180,116
Net result
€18,840▼ 47.5%
2023 · €35,877
Working capital
€76,573▲ 47.3%
2023 · €51,995
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€8,489▲ 185%€3,132▼ 63.1%€74,973▲ 2,294%€54,589▼ 27.2%€28,832▼ 47.2%
Net result€3,729below the sector's middle half▲ 3,872%€2,422below the sector's middle half▼ 35.1%€50,693within the sector's middle half▲ 1,993%€35,877within the sector's middle half▼ 29.2%€18,840within the sector's middle half▼ 47.5%
Equity€28,382below the sector's middle half▲ 15.1%€30,804below the sector's middle half▲ 8.5%€75,744within the sector's middle half▲ 146%€107,891within the sector's middle half▲ 42.4%€102,732within the sector's middle half▼ 4.8%
Total assets€162,608within the sector's middle half▲ 13.9%€125,310within the sector's middle half▼ 22.9%€141,830within the sector's middle half▲ 13.2%€180,116within the sector's middle half▲ 27.0%€183,923within the sector's middle half▲ 2.1%
Debt€134,226▲ 13.6%€94,506▼ 29.6%€66,086▼ 30.1%€72,224▲ 9.3%€81,191▲ 12.4%
Working capital-€83,685below the sector's middle half▲ 28.9%-€51,381below the sector's middle half▲ 38.6%€22,212within the sector's middle half€51,995within the sector's middle half▲ 134%€76,573within the sector's middle half▲ 47.3%
Solvency17.5%below the sector's middle half▲ 0.2pp24.6%below the sector's middle half▲ 7.1pp53.4%within the sector's middle half▲ 28.8pp59.9%within the sector's middle half▲ 6.5pp55.9%within the sector's middle half▼ 4.0pp
Current ratio0.38below the sector's middle half▲ 0.370.46below the sector's middle half▲ 0.081.34within the sector's middle half▲ 0.881.72within the sector's middle half▲ 0.381.94within the sector's middle half▲ 0.22
Return on assets (ROA)2.3%below the sector's middle half▲ 2.2pp1.9%below the sector's middle half▼ 0.4pp35.7%above the sector's middle half▲ 33.8pp19.9%within the sector's middle half▼ 15.8pp10.2%within the sector's middle half▼ 9.7pp
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 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 €183,923
Fixed assets
€26,158 ▼ 53.2%
Current assets
€157,764 ▲ 27.0%
Equity and liabilities €183,923
Equity
€102,732 ▼ 4.8%
Debt
€81,191 ▲ 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
€62,493▼
2023 · €84,522
Cash flow
€52,501▼
2023 · €65,810
Debt to equity
0.79▲
2023 · 0.67
ROE
18.3%▼
2023 · 33.3%
Interest coverage
68.09▼
2023 · 77.35
Debt ≤ 1 year
€81,191▲
2023 · €72,224
Income taxes
€10,047▼
2023 · €17,818
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% 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 26,975 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €30,740 | €30,594 | €30,882 | €29,933 | €33,661 | ▲ 12.5% |
| Other operating charges640/8 | - | €846 | €348 | €885 | €1,542 | ▲ 74.3% |
| Gross operating margin9900 | €42,529 | €34,572 | €106,202 | €85,407 | €64,035 | ▼ 25.0% |
| Operating profit (loss)9901 | €8,489 | €3,132 | €74,973 | €54,589 | €28,832 | ▼ 47.2% |
| Financial income75/76B | - | - | €5 | €199 | €974 | ▲ 390% |
| Recurring financial income75 | €3 | - | €5 | €199 | €974 | ▲ 390% |
| Financial charges65/66B | - | €1,435 | €1,564 | €1,093 | €918 | ▼ 16.0% |
| Recurring financial charges65 | €1,934 | €1,435 | €1,564 | €1,093 | €918 | ▼ 16.0% |
| Profit (loss) for the period before taxes9903 | €6,558 | €1,697 | €73,415 | €53,695 | €28,888 | ▼ 46.2% |
| Income taxes67/77 | €2,829 | -€724 | €22,722 | €17,818 | €10,047 | ▼ 43.6% |
| Profit (loss) for the period9904 | €3,729 | €2,422 | €50,693 | €35,877 | €18,840 | ▼ 47.5% |
| Profit (loss) for the period to be appropriated9905 | €3,729 | €2,422 | €50,693 | €35,877 | €18,840 | ▼ 47.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €162,608 | €125,310 | €141,830 | €180,116 | €183,923 | ▲ 2.1% |
| Fixed assets21/28 | €112,067 | €82,185 | €53,532 | €55,897 | €26,158 | ▼ 53.2% |
| Intangible fixed assets21 | €102,857 | €77,143 | €51,429 | €25,714 | - | - |
| Tangible fixed assets22/27 | €9,210 | €5,042 | €2,103 | €30,182 | €26,158 | ▼ 13.3% |
| Furniture and vehicles24 | - | €5,042 | €2,103 | €18,418 | €14,654 | ▼ 20.4% |
| Other tangible fixed assets26 | - | - | - | €11,764 | €11,504 | ▼ 2.2% |
| Current assets29/58 | €50,541 | €43,125 | €88,298 | €124,219 | €157,764 | ▲ 27.0% |
| Amounts receivable within one year40/41 | €40,344 | €40,743 | €45,435 | €57,539 | €99,921 | ▲ 73.7% |
| Trade receivables40 | - | €40,743 | €44,828 | €49,173 | €76,325 | ▲ 55.2% |
| Other amounts receivable41 | - | - | €608 | €8,366 | €23,596 | ▲ 182% |
| Cash at bank and in hand54/58 | €10,197 | €2,382 | €42,863 | €66,680 | €57,047 | ▼ 14.4% |
| Deferred charges and accrued income490/1 | - | - | - | - | €797 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €162,608 | €125,310 | €141,830 | €180,116 | €183,923 | ▲ 2.1% |
| Equity10/15 | €28,382 | €30,804 | €75,744 | €107,891 | €102,732 | ▼ 4.8% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €300 | €300 | €23,027 | €41,209 | €41,209 | = |
| Non-distributable reserves130/1 | - | €300 | €300 | €300 | €300 | = |
| Reserves not available under the articles1311 | - | €300 | €300 | €300 | €300 | = |
| Distributable reserves133 | - | - | €22,727 | €40,909 | €40,909 | = |
| Profit (loss) carried forward14 | €9,482 | €11,904 | €34,117 | €48,082 | €42,923 | ▼ 10.7% |
| Amounts payable17/49 | €134,226 | €94,506 | €66,086 | €72,224 | €81,191 | ▲ 12.4% |
| Amounts payable within one year42/48 | €134,226 | €94,506 | €66,086 | €72,224 | €81,191 | ▲ 12.4% |
| Financial debts43 | - | €14,864 | - | - | - | - |
| Credit institutions430/8 | - | €14,864 | - | - | - | - |
| Trade debts44 | €40,047 | €39,740 | €44,837 | €44,390 | €44,650 | ▲ 0.6% |
| Suppliers440/4 | - | €39,740 | €44,837 | €44,390 | €44,650 | ▲ 0.6% |
| Taxes, remuneration and social security45 | - | €6,806 | €11,709 | €24,664 | €16,141 | ▼ 34.6% |
| Taxes450/3 | - | €6,806 | €11,709 | €24,664 | €16,141 | ▼ 34.6% |
| Other amounts payable47/48 | - | €33,097 | €9,539 | €3,170 | €20,400 | ▲ 544% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,729 | €2,422 | €50,693 | €35,877 | €18,840 | ▼ 47.5% |
| + Depreciation and write-downs630 | €30,740 | €30,594 | €30,882 | €29,933 | €33,661 | ▲ 12.5% |
| Operating cash flow (approximation) | €34,469 | €33,016 | €81,575 | €65,810 | €52,501 | ▼ 20.2% |
| Investment in fixed assets (approximation) | - | -€712 | -€2,229 | -€32,298 | -€3,923 | ▲ 87.9% |
| Change in cash | - | -€7,815 | €40,480 | €23,817 | -€9,633 | ▼ 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 €100,000Eq €107,891 ▲42.4%
6 profitable years in a row build equity to €107,891.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial
Highest result since 2018net €50,693 ▲1,993%
Operating result €74,973, net result €50,693, both a record.
31-12
Financial
Liquidity triplescurrent ratio 1.34
Current ratio from 0.46 to 1.34; short-term debt falls from €94,506 to €66,086.
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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THAG
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JB Business Law
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Of 22,076 companies in sector 69101 we hold annual accounts for 9,061. 7,561 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
E-invoicing
Reachable via Peppol
Peppol ID
0208:0699542818
Also
9925:BE0699542818
Registered
11-06-2026
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.