Philippe LEQUEU
ActivePhilippe LEQUEU has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €103k and a net result of €-47k. Equity is shrinking by ~8.9% per year across the filed fiscal years. Its solvency ranks better than 36% of 31616 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
60
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-89
Solvency63▼-7
Growth22▼-29
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.25 against 1.38 in 2024; short-term debt: 62% and cash: 54.5% of total assets), and 62% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
Sector 70
lower
← 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 2025Solvency, return and age of the figures
Solvency
38%
Return on assets
-17.2%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
111 d late
2023
57 d late
2022
12 d early
2021
59 d late
2020
33 d late
2019
36 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€8k▼ 95.0%
2024 · €157k
2018: €120k
2019: €686k
2020: €222k
2021: €152k
2022: €149k
2023: €56k
2024: €157k
2018 → 2025
EBIT margin
-607.2%▼ 659.5pp
2024 · 52.3%
2018: 14.2%
2019: 39.6%
2020: 27.9%
2021: 3.8%
2022: 1.9%
2023: -72.7%
2024: 52.3%
2018 → 2025
Net result
€-47k
2024 · €45k
2018: €54k
2019: €170k
2020: €35k
2021: €-3k
2022: €-8k
2023: €-30k
2024: €45k
2018 → 2025
Working capital
€42k▼ 49.4%
2024 · €83k
2018: €-66k
2019: €175k
2020: €164k
2021: €145k
2022: €102k
2023: €28k
2024: €83k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€152k-€149k▼ 1.9%€56k▼ 62.7%€157k▲ 182%€8k▼ 95.0%
Equity€248k-€220k▼ 11.4%€160k▼ 27.2%€175k▲ 9.5%€103k▼ 41.0%
Operating result€6k-€3k▼ 52.6%€-40k€82k€-47k
Net result€-3k-€-8k▼ 146%€-30k▼ 255%€45k€-47k
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 2025: a loss of €47k after €82k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €272k
Fixed assets
€61k▼ 33.3%
Current assets
€210k▼ 29.9%
Equity and liabilities €272k
Equity
€103k▼ 41.0%
Debt
€168k▼ 22.5%
The debt ratio rises from 55.4% to 62.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-17k▼
2024 · €113k
Cash flow
€-16k▼
2024 · €76k
Solvency
38.0%▼
2024 · 44.6%
Current ratio
1.25▼
2024 · 1.38
Quick ratio
1.25▼
2024 · 1.38
Debt / equity
1.63▲
2024 · 1.24
ROE
-45.2%▼
2024 · 25.8%
ROA
-17.2%▼
2024 · 11.5%
Interest coverage
-14.07▼
2024 · 13.74
Debt
€168k▼
2024 · €217k
Debt ≤ 1 year
€168k▼
2024 · €217k
Income taxes
€0▼
2024 · €29k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€392k€272k▼
Fixed assets21/28€92k€61k▼
Intangible fixed assets21€92k€61k▼
Financial fixed assets28€33€33=
Current assets29/58€300k€210k▼
Amounts receivable within one year40/41€60k€61k▲
Other amounts receivable41€60k€61k▲
Cash at bank and in hand54/58€240k€148k▼
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€392k€272k▼
Equity10/15€175k€103k▼
Contributions10/11€19k€19k=
Reserves13€147k€82k▼
Distributable reserves133€147k€82k▼
Profit (loss) carried forward14€10k€3k▼
Amounts payable17/49€217k€168k▼
Amounts payable within one year42/48€217k€168k▼
Financial debts43€13-
Credit institutions430/8€13-
Trade debts44€9k€6k▼
Suppliers440/4€9k€6k▼
Taxes, remuneration and social security45€29k€29k▼
Taxes450/3€29k€29k▼
Other amounts payable47/48€179k€134k▼
Income statement
Code20242025
Turnover70€157k€8k▼
Goods, raw materials, services and sundry goods60/61€41k€24k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31k€31k=
Other operating charges640/8€3k€751▼
Gross operating margin9900€116k€-16k▼
Operating profit (loss)9901€82k€-47k▼
Financial income75/76B€71€2k▲
Recurring financial income75€71€2k▲
Financial charges65/66B€8k€1k▼
Recurring financial charges65€8k€1k▼
Profit (loss) for the period before taxes9903€74k€-47k▼
Income taxes67/77€29k€0▼
Profit (loss) for the period9904€45k€-47k▼
Profit (loss) for the period to be appropriated9905€45k€-47k▼
Appropriation of the result
Profit (loss) to be appropriated9906€50k€-37k▼
Profit (loss) brought forward from the previous period14P€4k€10k▲
Transfer from equity791/2€30k€65k▲
Transfer to equity691/2€40k-
To other reserves6921€40k-
Profit to be distributed694/7€30k€25k▼
Return on contributions (dividend)694€30k€25k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-47k ▼203%
Net result drops to €-47k, the lowest in the series.
19-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 111 days late
2024
31-12
Financial
Back to profitnet €45k
Net result €45k after 3 loss-making years.
26-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 57 days late
2023
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 59 days late
2021
02-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 33 days late
2020
05-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 36 days late
2019
31-12
Financial
Highest result since 2018net €170k ▲213%
Operating result €272k, net result €170k, both a record.
31-12
Financial
Liquidity times 16current ratio 2.54
Current ratio from 0.16 to 2.54.
31-12
Financial
Equity above €200kEq €256k ▲95.9%
2 profitable years in a row build equity to €256k.
27-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
19-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Ath · 1 establishment unit since 2015
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Ruelle Basse(GHI) 147822 AthGround area
633 m²
Building footprint
113 m²
Volume, LiDAR
693 m³
Parcel 51024A0345/00P000, Wallonia · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Philippe Lequeu
since 20152.237.988.750
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 51024A0345/00P000 | Wallonia | 633 m² | 1 · 113 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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FBC Consulting
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PLANCKAERT - COPPENS
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Of 82,554 companies in sector 70200 we hold annual accounts for 52,573. 40,629 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-12-2014
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.