LEVEL
ActiveSummary
LEVEL has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20k and a net result of €5k. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 24% of 2003 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▲+3
Solvency38▼-4
Growth52▲+20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.92 against 0.52 in 2024; short-term debt: 58.1% and cash: 24.3% of total assets), and 87.3% of the assets are financed with debt.
Credit check 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 90
Relative position
BE, all sectors
reference
Arts creation and performing arts activities (NACE 90)
about 58% 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
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
12.7%
Return on assets
3.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 2003 sector peers (2025).
NBB · sector comparisonPosition among 2003 sector peers
Solvency
better than 24%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €20k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
61 d late
2023
31 d late
2022
56 d late
2021
334 d late
2020
67 d late
2019
88 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€20k▲ 33.1%
2024 · €15k
Total assets
€154k▲ 73.3%
2024 · €89k
Net result
€5k▲ 744%
2024 · €575
Working capital
€-7k▲ 73.1%
2024 · €-28k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€-19k▼ 1,071%€-8k▲ 57.6%€58k€4k▼ 92.8%€11k▲ 154%
Net result€-20k▼ 762%€-11k▲ 46.6%€55k€575▼ 98.9%€5k▲ 744%
Equity€-19k€-30k▼ 55.1%€14k€15k▲ 4.1%€20k▲ 33.1%
Total assets€31k▲ 13.2%€38k▲ 23.6%€124k▲ 224%€89k▼ 28.3%€154k▲ 73.3%
Debt€50k▲ 149%€68k▲ 35.7%€110k▲ 60.8%€74k▼ 32.5%€134k▲ 81.3%
Working capital€-15k€-25k▼ 62.1%€-25k▼ 2.6%€-28k▼ 9.1%€-7k▲ 73.1%
Staff (FTE)1.8
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 154% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €154k
Fixed assets
€72k ▲ 21.4%
Current assets
€82k ▲ 177%
Equity and liabilities €154k
Equity
€20k ▲ 33.1%
Debt
€134k ▲ 81.3%
Debt's share of the balance-sheet total rises from 83.4% to 87.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€28k▲
2024 · €22k
Cash flow
€22k▲
2024 · €18k
Current ratio
0.92▲
2024 · 0.52
Quick ratio
0.89▲
2024 · 0.50
Debt to equity
6.87▲
2024 · 5.04
ROE
24.9%▲
2024 · 3.9%
ROA
3.2%▲
2024 · 0.6%
Interest coverage
22.65▲
2024 · 11.94
Debt ≤ 1 year
€89k▲
2024 · €57k
Debt > 1 year
€43k▲
2024 · €15k
Income taxes
€5k▲
2024 · €2k
Staff costs
€81k▲
2024 · €53k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €34k | €46k | €53k | €81k | ▲ 53.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €5k | €8k | €17k | €17k | ▼ 0.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €425 | €0 | - | - | €6k | - |
| Other operating charges640/8 | €175 | €5k | €5k | €1k | €1k | ▲ 7.3% |
| Gross operating margin9900 | €-16k | €35k | €117k | €76k | €116k | ▲ 53.5% |
| Operating profit (loss)9901 | €-19k | €-8k | €58k | €4k | €11k | ▲ 154% |
| Financial income75/76B | €0 | €1 | €6k | €58 | €9 | ▼ 83.8% |
| Recurring financial income75 | €0 | €1 | €6k | €58 | €9 | ▼ 83.8% |
| Financial charges65/66B | €655 | €3k | €4k | €2k | €1k | ▼ 31.7% |
| Recurring financial charges65 | €655 | €3k | €4k | €2k | €1k | ▼ 31.7% |
| Profit (loss) for the period before taxes9903 | €-19k | €-10k | €60k | €2k | €9k | ▲ 288% |
| Income taxes67/77 | €628 | €225 | €6k | €2k | €5k | ▲ 145% |
| Profit (loss) for the period9904 | €-20k | €-11k | €55k | €575 | €5k | ▲ 744% |
| Profit (loss) for the period to be appropriated9905 | €-20k | €-11k | €55k | €575 | €5k | ▲ 744% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €31k | €38k | €124k | €89k | €154k | ▲ 73.3% |
| Fixed assets21/28 | €16k | €16k | €61k | €59k | €72k | ▲ 21.4% |
| Tangible fixed assets22/27 | €15k | €16k | €61k | €59k | €72k | ▲ 21.5% |
| Plant, machinery and equipment23 | €12k | €10k | €59k | €55k | €40k | ▼ 28.2% |
| Furniture and vehicles24 | €3k | €6k | €2k | €4k | €32k | ▲ 761% |
| Financial fixed assets28 | €800 | €134 | €134 | €134 | €134 | = |
| Current assets29/58 | €15k | €22k | €62k | €29k | €82k | ▲ 177% |
| Stocks and contracts in progress3 | €276 | €525 | €2k | €1k | €3k | ▲ 129% |
| Stocks30/36 | €276 | €525 | €2k | €1k | €3k | ▲ 129% |
| Amounts receivable within one year40/41 | €13k | €11k | €28k | €19k | €40k | ▲ 117% |
| Trade receivables40 | €13k | €11k | €16k | €19k | €40k | ▲ 115% |
| Other amounts receivable41 | €668 | €104 | €13k | €20 | €373 | ▲ 1,744% |
| Cash at bank and in hand54/58 | €586 | €10k | €30k | €9k | €37k | ▲ 331% |
| Deferred charges and accrued income490/1 | €577 | €286 | €2k | €1k | €2k | ▲ 45.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €31k | €38k | €124k | €89k | €154k | ▲ 73.3% |
| Equity10/15 | €-19k | €-30k | €14k | €15k | €20k | ▲ 33.1% |
| Contributions10/11 | €9k | €9k | €9k | €9k | €9k | = |
| Reserves13 | €2k | €2k | €5k | €6k | €11k | ▲ 81.4% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | - | €4k | €4k | €9k | ▲ 118% |
| Profit (loss) carried forward14 | €-30k | €-40k | €0 | €0 | - | - |
| Amounts payable17/49 | €50k | €68k | €110k | €74k | €134k | ▲ 81.3% |
| Amounts payable after more than one year17 | €20k | €20k | €20k | €15k | €43k | ▲ 189% |
| Financial debts170/4 | €20k | €20k | €20k | €15k | €43k | ▲ 189% |
| Amounts payable within one year42/48 | €30k | €47k | €88k | €57k | €89k | ▲ 56.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €9k | - |
| Financial debts43 | €797 | €7 | €0 | €200 | €40 | ▼ 80.1% |
| Credit institutions430/8 | €797 | €7 | €0 | €200 | €40 | ▼ 80.1% |
| Trade debts44 | €12k | €10k | €8k | €8k | €24k | ▲ 193% |
| Suppliers440/4 | €12k | €10k | €8k | €8k | €24k | ▲ 193% |
| Taxes, remuneration and social security45 | €2k | €15k | €43k | €22k | €21k | ▼ 4.9% |
| Taxes450/3 | €870 | €9k | €37k | €15k | €7k | ▼ 54.5% |
| Remuneration and social security454/9 | €1k | €7k | €6k | €7k | €14k | ▲ 109% |
| Other amounts payable47/48 | €15k | €21k | €37k | €27k | €36k | ▲ 32.4% |
| Accrued charges and deferred income492/3 | €321 | €1k | €2k | €2k | €2k | ▼ 20.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-20k | €-11k | €55k | €575 | €5k | ▲ 744% |
| + Depreciation and write-downs630 | €2k | €5k | €8k | €17k | €17k | ▼ 0.4% |
| Operating cash flow (approximation) | €-18k | €-6k | €62k | €18k | €22k | ▲ 23.4% |
| Investment in fixed assets (approximation) | - | €-4k | €-53k | €-15k | €-30k | ▼ 97.6% |
| Change in cash | - | €9k | €20k | €-21k | €29k | ▲ 236% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Back to profitnet €55k
Net result €55k after 3 loss-making years.
25-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 56 days late
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 334 days late
2021
31-12
Financial
Weakest financial yearnet €-20k
Net result drops to €-20k, the lowest in the series; recovery starts the following year.
06-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 67 days late
2020
27-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 88 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 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.
Have them read with priority
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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, Edegem · 1 establishment unit since 2012
Ground area
439 m²
Building footprint
412 m²
Volume, LiDAR
1,583 m³
Parcel 11013A0051/00Z003, Flanders · tallest building 9.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Level
since 20122.208.413.846
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11013A0051/00Z003 | Flanders | 439 m² | 1 · 412 m² | 9.2 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 · 630 EUR awarded · 569 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 129 EUR | 129 EUR |
| 2023 | 1 | 501 EUR | 440 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 3,395 companies in sector 90393 we hold annual accounts for 937. 624 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
Founded30-01-2012
Fiscal year end31-12
Activities, NACEBEL 2025
81300Landscape service activities
90393Specialised image, lighting and sound technical services
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
77229Renting and leasing of other personal and household goods
Scores and ratios are computed by Checked and are not a credit decision.