L&R ACADEMY
ActiveSummary
L&R ACADEMY has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-27k) and a net result of €-14k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 2304 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
27
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.0 against 0.26 in 2024; short-term debt: 217.5% and cash: 0.8% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Six 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 93
Relative position
BE, all sectors
reference
Sector 93
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
-117.5%
Return on assets
-58.6%
Age of the figures
9 mo
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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-27k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 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 · 8 filingsDeviation from the deadline
2025
30 d late
2024
29 d late
2023
20 d late
2022
30 d late
2021
60 d late
2020
88 d late
2019
98 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-27k▼ 99.6%
2024 · €-14k
2018: €-11k
2019: €-35k
2020: €-41k
2021: €-25k
2022: €-10k
2023: €-5k
2024: €-14k
2018 → 2025
Total assets
€23k▼ 45.8%
2024 · €43k
2018: €23k
2019: €33k
2020: €26k
2021: €43k
2022: €40k
2023: €31k
2024: €43k
2018 → 2025
Net result
€-14k▼ 62.7%
2024 · €-8k
2018: €-17k
2019: €-23k
2020: €-8k
2021: €16k
2022: €16k
2023: €4k
2024: €-8k
2018 → 2025
Working capital
€-50k▼ 19.9%
2024 · €-42k
2018: €-11k
2019: €-53k
2020: €-57k
2021: €-53k
2022: €-34k
2023: €-26k
2024: €-42k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-25k-€-10k▲ 62.3%€-5k▲ 44.5%€-14k▼ 158%€-27k▼ 99.6%
Operating result€16k-€18k▲ 9.2%€4k▼ 75.2%€-8k€-13k▼ 54.7%
Net result€16k-€16k▼ 2.9%€4k▼ 73.1%€-8k€-14k▼ 62.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €13k in 2025 against €8k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €23k
Fixed assets
€23k ▼ 18.6%
Current assets
€182 ▼ 98.7%
Key figures and ratios
EBITDA
€-7k▼
2024 · €-4k
Cash flow
€-8k▼
2024 · €-5k
Solvency
-117.5%▼
2024 · -31.9%
Current ratio
0.00▼
2024 · 0.26
Debt to equity
-1.85▲
2024 · -4.14
ROA
-58.6%▼
2024 · -19.5%
Interest coverage
-7.51▲
2024 · -21.32
Debt
€50k▼
2024 · €56k
Debt ≤ 1 year
€50k▼
2024 · €56k
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 · 2025 against 2024 · 34 lines
Balance sheet
Code20242025
Assets
Total assets20/58€43k€23k▼
Fixed assets21/28€28k€23k▼
Tangible fixed assets22/27€28k€23k▼
Plant, machinery and equipment23-€2k
Furniture and vehicles24€3k-
Other tangible fixed assets26€25k€21k▼
Current assets29/58€15k€182▼
Stocks and contracts in progress3€7k-
Stocks30/36€7k-
Amounts receivable within one year40/41€321-
Other amounts receivable41€321-
Cash at bank and in hand54/58€7k€182▼
Equity and liabilities
Total equity and liabilities10/49€43k€23k▼
Equity10/15€-14k€-27k▼
Contributions10/11€6k€6k=
Profit (loss) carried forward14€-20k€-33k▼
Amounts payable17/49€56k€50k▼
Amounts payable within one year42/48€56k€50k▼
Trade debts44€25k€20k▼
Suppliers440/4€25k€20k▼
Taxes, remuneration and social security45€2k€792▼
Taxes450/3€2k€792▼
Other amounts payable47/48€30k€30k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€5k▲
Other operating charges640/8€3k€470▼
Gross operating margin9900€-2k€-7k▼
Operating profit (loss)9901€-8k€-13k▼
Financial charges65/66B€204€978▲
Recurring financial charges65€204€978▲
Profit (loss) for the period before taxes9903€-8k€-14k▼
Profit (loss) for the period9904€-8k€-14k▼
Profit (loss) for the period to be appropriated9905€-8k€-14k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-20k€-33k▼
Profit (loss) brought forward from the previous period14P€-11k€-20k▼
The notes to these accounts (4 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
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 20 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
2021
31-12
Financial
Back to profitnet €16k
Net result €16k after 3 loss-making years.
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 88 days late
2020
06-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 98 days late
26-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 210 days late
2019
31-12
Financial
Weakest financial yearnet €-23k
Net result drops to €-23k, the lowest in the series; recovery starts the following year.
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, Perwez · 1 establishment unit since 2018
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.
Chaussée de Charleroi 61360 PerwezGround area
1,295 m²
Building footprint
192 m²
Volume, LiDAR
1,923 m³
Parcel 25100A0072/00D004, Wallonia · tallest building 13.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Académie Leroy-Reda
since 20182.279.185.244
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25100A0072/00D004 | Wallonia | 1,295 m² | 1 · 192 m² | 13.7 m · 3 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.
Similar companies · same sector and region
Equi Grandi
BE 0889.009.156
Perwez
Le Mini Ranch
BE 0842.260.601
Perwez
LE MOULIN
BE 0427.615.689
Perwez
MULTIPAT
BE 0402.507.339
Perwez
Q&Q EQUESTRIAN
BE 1026.553.176
Perwez
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 830 companies in sector 93127 we hold annual accounts for 196. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded31-07-2018
Fiscal year end31-12
Activities, NACEBEL 2025
93127Equestrian clubs
01430Raising of horses and other equines
46231Wholesale of live animals
85510Sports and recreation education
93110Operation of sports facilities
96993Pet care services, excluding veterinary services
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.