@LERT
ActiveSummary
@LERT has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1k and a net result of €2k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 16% of 37953 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability80▲+80
Solvency38▲+38
Growth52▲+25
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.06; short-term debt: 87.3% and cash: 48.1% of total assets), and 87.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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 · 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
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 2024Solvency, return and age of the figures
Solvency
12.7%
Return on assets
23.6%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 37953 sector peers (2024).
NBB · sector comparisonPosition among 37953 sector peers
Solvency
better than 16%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-10-2025, 92 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
92 d late
2023
61 d late
2022
31 d late
2021
31 d late
2020
31 d late
2019
61 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€55k▲ 52.2%
2023 · €36k
2018: €48k
2019: €19k▼ -59.6% vs 2018lowest in 7 years
2020: €29k▲ +47.7% vs 2019
2021: €56k▲ +95.8% vs 2020highest in 7 years
2022: €50k▼ -10.1% vs 2021
2023: €36k▼ -27.8% vs 2022
2024: €55k▲ +52.2% vs 2023
2018 → 2024
EBIT margin
4.4%▲ 14.8pp
2023 · -10.4%
2018: -1.6%
2019: -37.6%▼ -2200% vs 2018lowest in 7 years
2020: 0.2%▲ +100% vs 2019
2021: 10.2%▲ +5419% vs 2020highest in 7 years
2022: -5.3%▼ -152% vs 2021
2023: -10.4%▼ -96.2% vs 2022
2024: 4.4%▲ +143% vs 2023
2018 → 2024
Net result
€2k
2023 · €-4k
2018: €-304
2019: €-8k▼ -2385% vs 2018lowest in 7 years
2020: €-130▲ +98.3% vs 2019
2021: €6k▲ +4417% vs 2020highest in 7 years
2022: €-3k▼ -150% vs 2021
2023: €-4k▼ -37.5% vs 2022
2024: €2k▲ +159% vs 2023
2018 → 2024
Working capital
€517
2023 · €-3k
2018: €7khighest in 7 years
2019: €136▼ -98.0% vs 2018
2020: €6▼ -95.7% vs 2019
2021: €6k▲ +95652% vs 2020
2022: €422▼ -92.5% vs 2021
2023: €-3k▼ -717% vs 2022lowest in 7 years
2024: €517▲ +120% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€29k-€56k▲ 95.8%€50k▼ 10.1%€36k▼ 27.8%€55k▲ 52.2%
2020: €29klowest in 5 years
2021: €56k▲ +95.8% vs 2020highest in 5 years
2022: €50k▼ -10.1% vs 2021
2023: €36k▼ -27.8% vs 2022
2024: €55k▲ +52.2% vs 2023
Equity€6-€6k▲ 95,652%€3k▼ 50.1%€-1k€1k
2020: €6
2021: €6k▲ +95652% vs 2020highest in 5 years
2022: €3k▼ -50.1% vs 2021
2023: €-1k▼ -138% vs 2022lowest in 5 years
2024: €1k▲ +216% vs 2023
Operating result€53-€6k▲ 10,705%€-3k€-4k▼ 41.6%€2k
2020: €53
2021: €6k▲ +10705% vs 2020highest in 5 years
2022: €-3k▼ -147% vs 2021
2023: €-4k▼ -41.6% vs 2022lowest in 5 years
2024: €2k▲ +165% vs 2023
Net result€-130-€6k€-3k€-4k▼ 37.5%€2k
2020: €-130
2021: €6k▲ +4417% vs 2020highest in 5 years
2022: €-3k▼ -150% vs 2021
2023: €-4k▼ -37.5% vs 2022lowest in 5 years
2024: €2k▲ +159% 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 returns to profit in 2024: €2k after a loss of €4k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €10k
Fixed assets
€712 ▼ 53.9%
Current assets
€9k ▲ 2,637%
Equity and liabilities €10k
Equity
€1k
Debt
€8k
Debt finances 87.3% of the balance-sheet total.
Key figures and ratios
EBITDA
€3k▲
2023 · €-3k
Cash flow
€3k▲
2023 · €-3k
Current ratio
1.06
Debt to equity
6.89
ROE
186.4%
ROA
23.6%
Interest coverage
21.38▲
2023 · -34.09
Debt ≤ 1 year
€8k▲
2023 · €3k
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 · 43 lines
Balance sheet
Code20232024
Assets
Total assets20/58€2k€10k▲
Fixed assets21/28€2k€712▼
Tangible fixed assets22/27€2k€712▼
Furniture and vehicles24€2k€712▼
Current assets29/58€328€9k▲
Amounts receivable within one year40/41€328€4k▲
Trade receivables40-€3k
Other amounts receivable41€328€906▲
Cash at bank and in hand54/58-€5k
Equity and liabilities
Total equity and liabilities10/49€2k€10k▲
Equity10/15€-1k€1k▲
Contributions10/11€9k€9k=
Capital10€9k€9k=
Issued capital100€19k€19k=
Uncalled capital101€9k€9k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Profit (loss) carried forward14€-12k€-10k▲
Amounts payable17/49€3k€8k▲
Amounts payable within one year42/48€3k€8k▲
Financial debts43€37-
Credit institutions430/8€37-
Trade debts44€2k€6k▲
Suppliers440/4€2k€6k▲
Taxes, remuneration and social security45€775€2k▲
Taxes450/3€775€2k▲
Other amounts payable47/48€563-
Income statement
Code20232024
Turnover70€36k€55k▲
Goods, raw materials, services and sundry goods60/61€38k€51k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€833€833=
Other operating charges640/8€1k€932▼
Gross operating margin9900€-2k€4k▲
Operating profit (loss)9901€-4k€2k▲
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€86€153▲
Recurring financial charges65€86€153▲
Profit (loss) for the period before taxes9903€-4k€2k▲
Profit (loss) for the period9904€-4k€2k▲
Profit (loss) for the period to be appropriated9905€-4k€2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-12k€-10k▲
Profit (loss) brought forward from the previous period14P€-8k€-12k▼
The notes to these accounts (3 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €29k | €56k | €50k | €36k | €55k | ▲ 52.2% |
| Goods, raw materials, services and sundry goods60/61 | - | €50k | €54k | €38k | €51k | ▲ 33.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €121 | €833 | €833 | = |
| Other operating charges640/8 | - | €149 | €291 | €1k | €932 | ▼ 10.9% |
| Gross operating margin9900 | €549 | €6k | €-2k | €-2k | €4k | ▲ 322% |
| Operating profit (loss)9901 | €53 | €6k | €-3k | €-4k | €2k | ▲ 165% |
| Financial income75/76B | - | €125 | €123 | - | €0 | - |
| Recurring financial income75 | - | €125 | €123 | - | €0 | - |
| Financial charges65/66B | - | €240 | €264 | €86 | €153 | ▲ 77.6% |
| Recurring financial charges65 | €183 | €240 | €264 | €86 | €153 | ▲ 77.6% |
| Profit (loss) for the period before taxes9903 | €-130 | €6k | €-3k | €-4k | €2k | ▲ 159% |
| Profit (loss) for the period9904 | €-130 | €6k | €-3k | €-4k | €2k | ▲ 159% |
| Profit (loss) for the period to be appropriated9905 | €-130 | €6k | €-3k | €-4k | €2k | ▲ 159% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6k | €9k | €5k | €2k | €10k | ▲ 417% |
| Fixed assets21/28 | - | - | €2k | €2k | €712 | ▼ 53.9% |
| Tangible fixed assets22/27 | - | - | €2k | €2k | €712 | ▼ 53.9% |
| Furniture and vehicles24 | - | - | €2k | €2k | €712 | ▼ 53.9% |
| Current assets29/58 | €6k | €9k | €2k | €328 | €9k | ▲ 2,637% |
| Amounts receivable within one year40/41 | €4k | €7k | €2k | €328 | €4k | ▲ 1,217% |
| Trade receivables40 | - | €1k | - | - | €3k | - |
| Other amounts receivable41 | - | €6k | €2k | €328 | €906 | ▲ 176% |
| Cash at bank and in hand54/58 | €2k | €3k | €441 | - | €5k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6k | €9k | €5k | €2k | €10k | ▲ 417% |
| Equity10/15 | €6 | €6k | €3k | €-1k | €1k | ▲ 216% |
| Contributions10/11 | €9k | €9k | €9k | €9k | €9k | = |
| Capital10 | - | €9k | €9k | €9k | €9k | = |
| Issued capital100 | - | €19k | €19k | €19k | €19k | = |
| Uncalled capital101 | - | €9k | €9k | €9k | €9k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Legal reserve130 | - | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €-11k | €-6k | €-8k | €-12k | €-10k | ▲ 18.7% |
| Amounts payable17/49 | €6k | €4k | €2k | €3k | €8k | ▲ 188% |
| Amounts payable within one year42/48 | €6k | €4k | €2k | €3k | €8k | ▲ 188% |
| Financial debts43 | - | - | €67 | €37 | - | - |
| Credit institutions430/8 | - | - | €67 | €37 | - | - |
| Trade debts44 | €6k | €4k | €2k | €2k | €6k | ▲ 282% |
| Suppliers440/4 | - | €4k | €2k | €2k | €6k | ▲ 282% |
| Taxes, remuneration and social security45 | - | - | €267 | €775 | €2k | ▲ 222% |
| Taxes450/3 | - | - | €267 | €775 | €2k | ▲ 222% |
| Other amounts payable47/48 | - | - | - | €563 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-130 | €6k | €-3k | €-4k | €2k | ▲ 159% |
| + Depreciation and write-downs630 | - | - | €121 | €833 | €833 | = |
| Operating cash flow (approximation) | €-130 | €6k | €-3k | €-3k | €3k | ▲ 203% |
| Investment in fixed assets (approximation) | - | - | - | €0 | €0 | - |
| Change in cash | - | €963 | €-2k | - | - | - |
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
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 92 days late
2024
31-12
Financial
Back to profitnet €2k
Net result €2k after 2 loss-making years.
31-12
Financial
Liquidity times 9current ratio 1.06
Current ratio from 0.11 to 1.06.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €6k
Net result €6k after 3 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 2.48
Current ratio from 1.00 to 2.48; short-term debt falls from €6k to €4k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
31-12
Financial
Weakest financial yearnet €-8k
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
Show earlier events
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 59 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 60 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Drogenbos · 1 establishment unit since 1999
Ground area
7,925 m²
Building footprint
4,905 m²
Volume, LiDAR
34,514 m³
Parcel 22001B0038/00K000, Flanders · tallest building 12.9 m, ±2 floors. Linked by address, not a title deed.
256
companies at this address
See who is registered here
1 establishment unit
MLG
since 19992.131.299.836
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22001B0038/00K000 | Flanders | 7,925 m² | 1 · 4,905 m² | 12.9 m · 2 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.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 5,626 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
Founded01-02-1999
Fiscal year end31-12
Trade name NL
MLG
Activities, NACEBEL 2025
70200Business and other management consultancy
71112Activities of interior architects
71121Engineering and related technical consultancy, excluding land surveyors
74111Design of textile patterns, clothing, jewellery, furniture and decorative items
Scores and ratios are computed by Checked and are not a credit decision.