LEVEL NEXT
ActiveSummary
LEVEL NEXT has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €368k and a net result of €15k. Equity is growing by ~20.7% per year across the filed fiscal years. Its solvency ranks better than 30% of 8095 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability36▲+4
Solvency57▲+14
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days acceptable
Liquidity tight (current ratio 1.45 against 1.18 in 2023; short-term debt: 67.8% and cash: 12.6% of total assets), and 67.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three 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 · 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 31-12-2024 was due by 31-07-2025 and was filed on 28-07-2025, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
3 d early
2023
35 d early
2022
3 d early
2021
1 d early
2020
1 d early
2019
18 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€368k▼ 7.7%
2023 · €399k
2018: €102klowest in 7 years
2019: €142k▲ +39.7% vs 2018
2020: €210k▲ +47.8% vs 2019
2021: €288k▲ +37.3% vs 2020
2022: €395k▲ +37.1% vs 2021
2023: €399k▲ +1.1% vs 2022highest in 7 years
2024: €368k▼ -7.7% vs 2023
2018 → 2024
Total assets
€1.14M▼ 47.1%
2023 · €2.16M
2018: €277klowest in 7 years
2019: €1.02M▲ +268% vs 2018
2020: €637k▼ -37.6% vs 2019
2021: €2.04M▲ +221% vs 2020
2022: €2.63M▲ +28.9% vs 2021highest in 7 years
2023: €2.16M▼ -17.9% vs 2022
2024: €1.14M▼ -47.1% vs 2023
2018 → 2024
Net result
€15k▲ 131%
2023 · €7k
2018: €46k
2019: €40k▼ -12.4% vs 2018
2020: €68k▲ +68.3% vs 2019
2021: €78k▲ +15.4% vs 2020
2022: €107k▲ +36.5% vs 2021highest in 7 years
2023: €7k▼ -93.9% vs 2022lowest in 7 years
2024: €15k▲ +131% vs 2023
2018 → 2024
Working capital
€346k▲ 6.1%
2023 · €326k
2018: €99klowest in 7 years
2019: €145k▲ +45.7% vs 2018
2020: €173k▲ +19.4% vs 2019
2021: €125k▼ -27.6% vs 2020
2022: €360k▲ +188% vs 2021highest in 7 years
2023: €326k▼ -9.5% vs 2022
2024: €346k▲ +6.1% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€210k-€288k▲ 37.3%€395k▲ 37.1%€399k▲ 1.1%€368k▼ 7.7%
2020: €210klowest in 5 years
2021: €288k▲ +37.3% vs 2020
2022: €395k▲ +37.1% vs 2021
2023: €399k▲ +1.1% vs 2022highest in 5 years
2024: €368k▼ -7.7% vs 2023
Operating result€108k-€127k▲ 17.7%€172k▲ 35.2%€191k▲ 11.2%€89k▼ 53.8%
2020: €108k
2021: €127k▲ +17.7% vs 2020
2022: €172k▲ +35.2% vs 2021
2023: €191k▲ +11.2% vs 2022highest in 5 years
2024: €89k▼ -53.8% vs 2023lowest in 5 years
Net result€68k-€78k▲ 15.4%€107k▲ 36.5%€7k▼ 93.9%€15k▲ 131%
2020: €68k
2021: €78k▲ +15.4% vs 2020
2022: €107k▲ +36.5% vs 2021highest in 5 years
2023: €7k▼ -93.9% vs 2022lowest in 5 years
2024: €15k▲ +131% vs 2023
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 54% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.14M
Fixed assets
€23k ▼ 68.7%
Current assets
€1.12M ▼ 46.3%
Equity and liabilities €1.14M
Equity
€368k ▼ 7.7%
Debt
€777k ▼ 56.0%
Debt's share of the balance-sheet total falls from 81.5% to 67.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€102k▼
2023 · €209k
Cash flow
€28k▲
2023 · €24k
Current ratio
1.45▲
2023 · 1.18
Debt to equity
2.11▼
2023 · 4.42
ROE
4.1%▲
2023 · 1.6%
ROA
1.3%▲
2023 · 0.3%
Interest coverage
1.84▲
2023 · 1.54
Debt ≤ 1 year
€776k▼
2023 · €1.76M
Income taxes
€31k▼
2023 · €54k
Staff costs
€176k▲
2023 · €138k
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 · 55 lines
Balance sheet
Code20232024
Assets
Total assets20/58€2.16M€1.14M▼
Fixed assets21/28€73k€23k▼
Tangible fixed assets22/27€73k€23k▼
Plant, machinery and equipment23€5k€3k▼
Furniture and vehicles24€68k€20k▼
Financial fixed assets28€0-
Current assets29/58€2.09M€1.12M▼
Amounts receivable within one year40/41€236k€385k▲
Trade receivables40€121k€200k▲
Other amounts receivable41€115k€185k▲
Current investments50/53€475k€221k▼
Cash at bank and in hand54/58€68k€144k▲
Deferred charges and accrued income490/1€1.31M€373k▼
Equity and liabilities
Total equity and liabilities10/49€2.16M€1.14M▼
Equity10/15€399k€368k▼
Contributions10/11€19k€19k=
Reserves13€381k€350k▼
Non-distributable reserves130/1€2k€0▼
Reserves not available under the articles1311€2k€0▼
Distributable reserves133€379k€350k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€1.76M€777k▼
Amounts payable within one year42/48€1.76M€776k▼
Financial debts43€282€20▼
Credit institutions430/8€282€20▼
Trade debts44€1.70M€713k▼
Suppliers440/4€1.70M€713k▼
Taxes, remuneration and social security45€62k€62k▲
Taxes450/3€40k€40k▲
Remuneration and social security454/9€22k€22k▲
Other amounts payable47/48€3k€664▼
Accrued charges and deferred income492/3€0€611▲
Income statement
Code20232024
Non-recurring operating income76A€59k€0▼
Remuneration, social security and pensions62€138k€176k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€13k▼
Other operating charges640/8€4k€2k▼
Non-recurring operating charges66A-€3k
Gross operating margin9900€351k€283k▼
Operating profit (loss)9901€191k€89k▼
Financial income75/76B€5k€13k▲
Recurring financial income75€5k€13k▲
Financial charges65/66B€136k€55k▼
Recurring financial charges65€136k€55k▼
Profit (loss) for the period before taxes9903€61k€46k▼
Income taxes67/77€54k€31k▼
Profit (loss) for the period9904€7k€15k▲
Profit (loss) for the period to be appropriated9905€7k€15k▲
Appropriation of the result
Profit (loss) to be appropriated9906€7k€15k▲
Transfer from equity791/2-€46k
Transfer to equity691/2€4k€15k▲
To other reserves6921€4k€15k▲
Profit to be distributed694/7€2k€46k▲
Return on contributions (dividend)694-€46k
Employees696€2k€0▼
Social balance
Average headcount (FTE)90872.12.8▲
The notes to these accounts (11 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €4k | €0 | €59k | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | €74k | €115k | €138k | €176k | ▲ 27.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €11k | €6k | €18k | €13k | ▼ 26.7% |
| Other operating charges640/8 | - | €68k | €3k | €4k | €2k | ▼ 38.3% |
| Non-recurring operating charges66A | - | - | - | - | €3k | - |
| Gross operating margin9900 | €163k | €280k | €296k | €351k | €283k | ▼ 19.4% |
| Operating profit (loss)9901 | €108k | €127k | €172k | €191k | €89k | ▼ 53.8% |
| Financial income75/76B | - | €20 | €603 | €5k | €13k | ▲ 135% |
| Recurring financial income75 | €0 | €20 | €603 | €5k | €13k | ▲ 135% |
| Financial charges65/66B | - | €6k | €10k | €136k | €55k | ▼ 59.4% |
| Recurring financial charges65 | €3k | €6k | €10k | €136k | €55k | ▼ 59.4% |
| Profit (loss) for the period before taxes9903 | €105k | €122k | €163k | €61k | €46k | ▼ 24.0% |
| Income taxes67/77 | €37k | €43k | €56k | €54k | €31k | ▼ 42.8% |
| Profit (loss) for the period9904 | €68k | €78k | €107k | €7k | €15k | ▲ 131% |
| Profit (loss) for the period to be appropriated9905 | €68k | €78k | €107k | €7k | €15k | ▲ 131% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €637k | €2.04M | €2.63M | €2.16M | €1.14M | ▼ 47.1% |
| Fixed assets21/28 | €40k | €696k | €38k | €73k | €23k | ▼ 68.7% |
| Tangible fixed assets22/27 | €25k | €681k | €23k | €73k | €23k | ▼ 68.7% |
| Land and buildings22 | - | €654k | €0 | - | - | - |
| Plant, machinery and equipment23 | - | €7k | €7k | €5k | €3k | ▼ 38.6% |
| Furniture and vehicles24 | - | €21k | €17k | €68k | €20k | ▼ 70.8% |
| Financial fixed assets28 | €15k | €15k | €15k | €0 | - | - |
| Current assets29/58 | €597k | €1.35M | €2.60M | €2.09M | €1.12M | ▼ 46.3% |
| Amounts receivable within one year40/41 | €28k | €56k | €130k | €236k | €385k | ▲ 63.2% |
| Trade receivables40 | - | €51k | €130k | €121k | €200k | ▲ 64.9% |
| Other amounts receivable41 | - | €4k | €0 | €115k | €185k | ▲ 61.4% |
| Current investments50/53 | €175k | €175k | €175k | €475k | €221k | ▼ 53.5% |
| Cash at bank and in hand54/58 | €266k | €188k | €1.27M | €68k | €144k | ▲ 111% |
| Deferred charges and accrued income490/1 | - | €930k | €1.02M | €1.31M | €373k | ▼ 71.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €637k | €2.04M | €2.63M | €2.16M | €1.14M | ▼ 47.1% |
| Equity10/15 | €210k | €288k | €395k | €399k | €368k | ▼ 7.7% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €191k | €270k | €376k | €381k | €350k | ▼ 8.1% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €0 | ▼ 100% |
| Distributable reserves133 | - | €268k | €375k | €379k | €350k | ▼ 7.7% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €428k | €1.76M | €2.24M | €1.76M | €777k | ▼ 56.0% |
| Amounts payable after more than one year17 | - | €530k | €0 | - | - | - |
| Financial debts170/4 | - | €530k | €0 | - | - | - |
| Amounts payable within one year42/48 | €425k | €1.22M | €2.24M | €1.76M | €776k | ▼ 56.0% |
| Current portion of amounts payable after more than one year42 | - | €58k | €0 | - | - | - |
| Financial debts43 | - | - | - | €282 | €20 | ▼ 92.9% |
| Credit institutions430/8 | - | - | - | €282 | €20 | ▼ 92.9% |
| Trade debts44 | €281k | €1.04M | €2.07M | €1.70M | €713k | ▼ 58.0% |
| Suppliers440/4 | - | €1.04M | €2.07M | €1.70M | €713k | ▼ 58.0% |
| Taxes, remuneration and social security45 | - | €45k | €84k | €62k | €62k | ▲ 0.5% |
| Taxes450/3 | - | €30k | €59k | €40k | €40k | ▲ 0.2% |
| Remuneration and social security454/9 | - | €14k | €25k | €22k | €22k | ▲ 1.0% |
| Other amounts payable47/48 | - | €80k | €87k | €3k | €664 | ▼ 81.0% |
| Accrued charges and deferred income492/3 | - | €3k | €3k | €0 | €611 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €68k | €78k | €107k | €7k | €15k | ▲ 131% |
| + Depreciation and write-downs630 | €3k | €11k | €6k | €18k | €13k | ▼ 26.7% |
| Operating cash flow (approximation) | €71k | €89k | €113k | €24k | €28k | ▲ 15.5% |
| Investment in fixed assets (approximation) | - | €-667k | €652k | €-53k | €37k | ▲ 170% |
| Change in cash | - | €-78k | €1.08M | €-1.20M | €76k | ▲ 106% |
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
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €7k ▼93.9%
Net result drops to €7k, the lowest in the series; recovery starts the following year.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €107k ▲36.5%
Net result €107k, the highest in the series.
30-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €200kEq €210k ▲47.8%
3 profitable years in a row build equity to €210k.
18-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 18 days late
2019
07-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Show earlier events
2016
20-10
State Gazette act
Board meeting · Director resignation
General meeting · Director reappointment
22-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 22 days late
2014
08-07
State Gazette act
Board meeting · Director appointment
Permanent representative · Director resignation
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Kraainem · 1 establishment unit since 2012
Ground area
1.1 ha
Building footprint
865 m²
Volume, LiDAR
33,994 m³
Parcel 22002C0073/00N009, Flanders · tallest building 42.8 m, ±14 floors. Linked by address, not a title deed.
963
companies at this address
See who is registered here
1 establishment unit
Concellent
since 20122.206.932.716
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22002C0073/00N009 | Flanders | 1.1 ha | 1 · 865 m² | 42.8 m · 14 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.
Structure & network
Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 36,889 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
70200Business and other management consultancy
63920Other information service activities
64210Activities of holding companies
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.