LEAN FACTOR
ActiveSummary
LEAN FACTOR has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €156k and a net result of €12k. Equity is growing by ~11.1% per year across the filed fiscal years. Its solvency ranks better than 83% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▲+1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity ample (current ratio 6.61 against 9.11 in 2024; short-term debt: 14.7% and cash: 73.2% of total assets), and 14.7% 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○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
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
85.3%
Return on assets
6.5%
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 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
44 d early
2023
36 d early
2022
24 d early
2021
48 d early
2020
22 d early
2019
1 d early
← 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€156k▲ 8.2%
2024 · €144k
2018: €76k
2019: €56k▼ -26.6% vs 2018lowest in 8 years
2020: €90k▲ +60.4% vs 2019
2021: €115k▲ +28.0% vs 2020
2022: €121k▲ +5.5% vs 2021
2023: €159k▲ +31.5% vs 2022highest in 8 years
2024: €144k▼ -9.5% vs 2023
2025: €156k▲ +8.2% vs 2024
2018 → 2025
Total assets
€183k▲ 13.6%
2024 · €161k
2018: €110k
2019: €65k▼ -41.2% vs 2018lowest in 8 years
2020: €115k▲ +78.5% vs 2019
2021: €122k▲ +5.6% vs 2020
2022: €133k▲ +9.6% vs 2021
2023: €174k▲ +30.3% vs 2022
2024: €161k▼ -7.4% vs 2023
2025: €183k▲ +13.6% vs 2024highest in 8 years
2018 → 2025
Net result
€12k▲ 22.7%
2024 · €10k
2018: €-10k
2019: €-20k▼ -104% vs 2018lowest in 8 years
2020: €35k▲ +271% vs 2019
2021: €25k▼ -27.4% vs 2020
2022: €40k▲ +61.2% vs 2021highest in 8 years
2023: €39k▼ -3.7% vs 2022
2024: €10k▼ -75.2% vs 2023
2025: €12k▲ +22.7% vs 2024
2018 → 2025
Working capital
€151k▲ 10.4%
2024 · €137k
2018: €75k
2019: €56k▼ -26.1% vs 2018lowest in 8 years
2020: €89k▲ +61.0% vs 2019
2021: €115k▲ +28.2% vs 2020
2022: €121k▲ +5.6% vs 2021
2023: €159k▲ +31.6% vs 2022highest in 8 years
2024: €137k▼ -14.1% vs 2023
2025: €151k▲ +10.4% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€115k-€121k▲ 5.5%€159k▲ 31.5%€144k▼ 9.5%€156k▲ 8.2%
2021: €115klowest in 5 years
2022: €121k▲ +5.5% vs 2021
2023: €159k▲ +31.5% vs 2022highest in 5 years
2024: €144k▼ -9.5% vs 2023
2025: €156k▲ +8.2% vs 2024
Operating result€36k-€56k▲ 57.0%€55k▼ 1.2%€15k▼ 72.3%€10k▼ 31.9%
2021: €36k
2022: €56k▲ +57.0% vs 2021highest in 5 years
2023: €55k▼ -1.2% vs 2022
2024: €15k▼ -72.3% vs 2023
2025: €10k▼ -31.9% vs 2024lowest in 5 years
Net result€25k-€40k▲ 61.2%€39k▼ 3.7%€10k▼ 75.2%€12k▲ 22.7%
2021: €25k
2022: €40k▲ +61.2% vs 2021highest in 5 years
2023: €39k▼ -3.7% vs 2022
2024: €10k▼ -75.2% vs 2023lowest in 5 years
2025: €12k▲ +22.7% vs 2024
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 three years in a row; 2025 is 32% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €183k
Fixed assets
€5k ▼ 31.8%
Current assets
€178k ▲ 15.8%
Equity and liabilities €183k
Equity
€156k ▲ 8.2%
Debt
€27k ▲ 59.6%
Debt's share of the balance-sheet total rises from 10.5% to 14.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€13k▼
2024 · €17k
Cash flow
€14k▲
2024 · €11k
Current ratio
6.61▼
2024 · 9.11
Debt to equity
0.17▲
2024 · 0.12
ROE
7.6%▲
2024 · 6.7%
ROA
6.5%▲
2024 · 6.0%
Interest coverage
10.52▼
2024 · 16.88
Debt ≤ 1 year
€27k▲
2024 · €17k
Income taxes
€5k▲
2024 · €5k
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 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€161k€183k▲
Fixed assets21/28€7k€5k▼
Tangible fixed assets22/27€7k€5k▼
Furniture and vehicles24€7k€5k▼
Other tangible fixed assets26€0-
Current assets29/58€153k€178k▲
Amounts receivable within one year40/41€236€14k▲
Trade receivables40€0€11k▲
Other amounts receivable41€236€3k▲
Current investments50/53€105k€29k▼
Cash at bank and in hand54/58€47k€134k▲
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€161k€183k▲
Equity10/15€144k€156k▲
Contributions10/11€19k€19k=
Reserves13€126k€137k▲
Distributable reserves133€126k€137k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€17k€27k▲
Amounts payable within one year42/48€17k€27k▲
Trade debts44€940€1k▲
Suppliers440/4€940€1k▲
Taxes, remuneration and social security45€1k€8k▲
Taxes450/3€1k€8k▲
Other amounts payable47/48€15k€18k▲
Accrued charges and deferred income492/3-€10
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€2k▲
Other operating charges640/8€1k€654▼
Gross operating margin9900€18k€13k▼
Operating profit (loss)9901€15k€10k▼
Financial income75/76B€349€8k▲
Recurring financial income75€349€8k▲
Financial charges65/66B€986€1k▲
Recurring financial charges65€986€1k▲
Profit (loss) for the period before taxes9903€15k€17k▲
Income taxes67/77€5k€5k▲
Profit (loss) for the period9904€10k€12k▲
Profit (loss) for the period to be appropriated9905€10k€12k▲
Appropriation of the result
Profit (loss) to be appropriated9906€10k€12k▲
Transfer from equity791/2€25k€0▼
Transfer to equity691/2€10k€12k▲
To other reserves6921€10k€12k▲
Profit to be distributed694/7€25k€0▼
Return on contributions (dividend)694€25k€0▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €81 | €81 | €81 | €1k | €2k | ▲ 74.0% |
| Other operating charges640/8 | €211 | €1k | €353 | €1k | €654 | ▼ 36.8% |
| Gross operating margin9900 | €36k | €57k | €56k | €18k | €13k | ▼ 24.0% |
| Operating profit (loss)9901 | €36k | €56k | €55k | €15k | €10k | ▼ 31.9% |
| Financial income75/76B | €344 | €862 | €284 | €349 | €8k | ▲ 2,137% |
| Recurring financial income75 | €344 | €862 | €284 | €349 | €8k | ▲ 2,137% |
| Financial charges65/66B | €389 | €315 | €580 | €986 | €1k | ▲ 23.3% |
| Recurring financial charges65 | €389 | €315 | €580 | €986 | €1k | ▲ 23.3% |
| Profit (loss) for the period before taxes9903 | €36k | €56k | €55k | €15k | €17k | ▲ 16.2% |
| Income taxes67/77 | €10k | €16k | €16k | €5k | €5k | ▲ 3.5% |
| Profit (loss) for the period9904 | €25k | €40k | €39k | €10k | €12k | ▲ 22.7% |
| Profit (loss) for the period to be appropriated9905 | €25k | €40k | €39k | €10k | €12k | ▲ 22.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €122k | €133k | €174k | €161k | €183k | ▲ 13.6% |
| Fixed assets21/28 | €244 | €163 | €81 | €7k | €5k | ▼ 31.8% |
| Tangible fixed assets22/27 | €244 | €163 | €81 | €7k | €5k | ▼ 31.8% |
| Furniture and vehicles24 | - | - | - | €7k | €5k | ▼ 31.8% |
| Other tangible fixed assets26 | €244 | €163 | €81 | €0 | - | - |
| Current assets29/58 | €121k | €133k | €174k | €153k | €178k | ▲ 15.8% |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - |
| Stocks30/36 | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €27k | €13k | €7k | €236 | €14k | ▲ 5,790% |
| Trade receivables40 | €22k | €13k | €7k | €0 | €11k | - |
| Other amounts receivable41 | €5k | €0 | - | €236 | €3k | ▲ 1,221% |
| Current investments50/53 | €42k | €47k | €52k | €105k | €29k | ▼ 72.7% |
| Cash at bank and in hand54/58 | €52k | €72k | €113k | €47k | €134k | ▲ 183% |
| Deferred charges and accrued income490/1 | €1k | €1k | €1k | €1k | €1k | ▲ 2.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €122k | €133k | €174k | €161k | €183k | ▲ 13.6% |
| Equity10/15 | €115k | €121k | €159k | €144k | €156k | ▲ 8.2% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €96k | €102k | €141k | €126k | €137k | ▲ 9.4% |
| Non-distributable reserves130/1 | €2k | €0 | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €0 | - | - | - | - |
| Distributable reserves133 | €94k | €102k | €141k | €126k | €137k | ▲ 9.4% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €7k | €12k | €15k | €17k | €27k | ▲ 59.6% |
| Amounts payable within one year42/48 | €7k | €12k | €15k | €17k | €27k | ▲ 59.6% |
| Trade debts44 | €824 | €1k | €741 | €940 | €1k | ▲ 15.0% |
| Suppliers440/4 | €824 | €1k | €741 | €940 | €1k | ▲ 15.0% |
| Taxes, remuneration and social security45 | €2k | €3k | €4k | €1k | €8k | ▲ 552% |
| Taxes450/3 | €2k | €3k | €4k | €1k | €8k | ▲ 552% |
| Other amounts payable47/48 | €4k | €8k | €10k | €15k | €18k | ▲ 20.7% |
| Accrued charges and deferred income492/3 | - | - | - | - | €10 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25k | €40k | €39k | €10k | €12k | ▲ 22.7% |
| + Depreciation and write-downs630 | €81 | €81 | €81 | €1k | €2k | ▲ 74.0% |
| Operating cash flow (approximation) | €25k | €41k | €39k | €11k | €14k | ▲ 29.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-9k | €0 | ▲ 100% |
| Change in cash | - | €20k | €41k | €-66k | €87k | ▲ 231% |
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
Next filing, fiscal year 2026, expected by
2026
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €150kEq €156k ▲8.2%
6 profitable years in a row build equity to €156k.
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €150kEq €159k ▲31.5%
4 profitable years in a row build equity to €159k.
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €40k ▲61.2%
Operating result €56k, net result €40k, both a record.
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity quadruplescurrent ratio 17.64
Current ratio from 4.50 to 17.64; short-term debt falls from €26k to €7k.
31-12
Financial
Equity above €100kEq €115k ▲28%
2 profitable years in a row build equity to €115k.
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €35k
Net result €35k after 2 loss-making years.
Show earlier events
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €-20k
Net result drops to €-20k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 7.43
Current ratio from 3.23 to 7.43; short-term debt falls from €34k to €9k.
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
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.
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Directors · office · real estate
Directors
3 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, Keerbergen · 1 establishment unit since 2012
Ground area
1,405 m²
Building footprint
187 m²
Volume, LiDAR
611 m³
Parcel 24472F0261/00E008, Flanders · tallest building 6.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Lean Factor
since 20122.213.386.481
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24472F0261/00E008 | Flanders | 1,405 m² | 1 · 187 m² | 6.1 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 535 EUR awarded · 535 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 283 EUR | 283 EUR |
| 2023 | 1 | 252 EUR | 252 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 40,771 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
Founded23-08-2012
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
62200Computer consultancy and computer facilities management
64210Activities of holding companies
68201Renting and operating of own or leased residential real estate, excluding social housing
75000Veterinary services
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.