LEVEL5
ActiveSummary
LEVEL5 has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €467k and a net result of €150k. Equity is growing by ~20.7% per year across the filed fiscal years. Its solvency ranks better than 55% 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
Profitability94▲+7
Solvency88▼-12
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 2.04 against 4.41 in 2023; short-term debt: 32.6% and cash: 44.1% of total assets), and 37% 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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
63%
Return on assets
20.2%
Age of the figures
21 mo
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 27-06-2025, 34 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
34 d early
2023
26 d early
2022
31 d early
2021
37 d early
2020
36 d early
2019
32 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€467k▼ 4.0%
2023 · €486k
2018: €114klowest in 7 years
2019: €175k▲ +54.2% vs 2018
2020: €234k▲ +33.4% vs 2019
2021: €297k▲ +27.1% vs 2020
2022: €395k▲ +32.9% vs 2021
2023: €486k▲ +22.9% vs 2022highest in 7 years
2024: €467k▼ -4.0% vs 2023
2018 → 2024
Total assets
€740k▲ 21.2%
2023 · €611k
2018: €304klowest in 7 years
2019: €360k▲ +18.3% vs 2018
2020: €405k▲ +12.7% vs 2019
2021: €461k▲ +13.7% vs 2020
2022: €554k▲ +20.2% vs 2021
2023: €611k▲ +10.2% vs 2022
2024: €740k▲ +21.2% vs 2023highest in 7 years
2018 → 2024
Net result
€150k▲ 65.3%
2023 · €91k
2018: €56klowest in 7 years
2019: €62k▲ +9.6% vs 2018
2020: €59k▼ -5.0% vs 2019
2021: €63k▲ +8.2% vs 2020
2022: €98k▲ +54.4% vs 2021
2023: €91k▼ -7.4% vs 2022
2024: €150k▲ +65.3% vs 2023highest in 7 years
2018 → 2024
Working capital
€251k▼ 6.4%
2023 · €268k
2018: €-12klowest in 7 years
2019: €4k▲ +129% vs 2018
2020: €60k▲ +1565% vs 2019
2021: €120k▲ +102% vs 2020
2022: €170k▲ +41.8% vs 2021
2023: €268k▲ +57.7% vs 2022highest in 7 years
2024: €251k▼ -6.4% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€234k-€297k▲ 27.1%€395k▲ 32.9%€486k▲ 22.9%€467k▼ 4.0%
2020: €234klowest in 5 years
2021: €297k▲ +27.1% vs 2020
2022: €395k▲ +32.9% vs 2021
2023: €486k▲ +22.9% vs 2022highest in 5 years
2024: €467k▼ -4.0% vs 2023
Operating result€87k-€94k▲ 7.8%€143k▲ 52.9%€134k▼ 6.4%€220k▲ 64.0%
2020: €87klowest in 5 years
2021: €94k▲ +7.8% vs 2020
2022: €143k▲ +52.9% vs 2021
2023: €134k▼ -6.4% vs 2022
2024: €220k▲ +64.0% vs 2023highest in 5 years
Net result€59k-€63k▲ 8.2%€98k▲ 54.4%€91k▼ 7.4%€150k▲ 65.3%
2020: €59klowest in 5 years
2021: €63k▲ +8.2% vs 2020
2022: €98k▲ +54.4% vs 2021
2023: €91k▼ -7.4% vs 2022
2024: €150k▲ +65.3% vs 2023highest in 5 years
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 2024; 2024 is 64% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €740k
Fixed assets
€248k ▼ 6.0%
Current assets
€493k ▲ 41.9%
Equity and liabilities €740k
Equity
€467k ▼ 4.0%
Debt
€274k ▲ 119%
Debt's share of the balance-sheet total rises from 20.4% to 37.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€240k▲
2023 · €155k
Cash flow
€170k▲
2023 · €111k
Current ratio
2.04▼
2023 · 4.41
Debt to equity
0.59▲
2023 · 0.26
ROE
32.1%▲
2023 · 18.7%
ROA
20.2%▲
2023 · 14.8%
Interest coverage
45.09▲
2023 · 23.22
Debt ≤ 1 year
€241k▲
2023 · €79k
Debt > 1 year
€33k▼
2023 · €46k
Income taxes
€65k▲
2023 · €37k
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 · 48 lines
Balance sheet
Code20232024
Assets
Total assets20/58€611k€740k▲
Fixed assets21/28€264k€248k▼
Tangible fixed assets22/27€264k€248k▼
Land and buildings22€225k€217k▼
Plant, machinery and equipment23€172€4k▲
Furniture and vehicles24€38k€27k▼
Current assets29/58€347k€493k▲
Amounts receivable within one year40/41€38k€32k▼
Trade receivables40€34k€32k▼
Other amounts receivable41€4k€480▼
Current investments50/53€80k€134k▲
Cash at bank and in hand54/58€229k€326k▲
Equity and liabilities
Total equity and liabilities10/49€611k€740k▲
Equity10/15€486k€467k▼
Contributions10/11€6k€6k=
Reserves13€480k€460k▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€480k€460k▼
Profit (loss) carried forward14-€0
Amounts payable17/49€125k€274k▲
Amounts payable after more than one year17€46k€33k▼
Financial debts170/4€46k€33k▼
Amounts payable within one year42/48€79k€241k▲
Current portion of amounts payable after more than one year42€13k€14k▲
Trade debts44€3k€231▼
Suppliers440/4€3k€231▼
Taxes, remuneration and social security45€16k€14k▼
Taxes450/3€16k€14k▼
Other amounts payable47/48€46k€213k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€20k▼
Other operating charges640/8€3k€3k▼
Gross operating margin9900€158k€243k▲
Operating profit (loss)9901€134k€220k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€7k€5k▼
Recurring financial charges65€7k€5k▼
Profit (loss) for the period before taxes9903€128k€215k▲
Income taxes67/77€37k€65k▲
Profit (loss) for the period9904€91k€150k▲
Profit (loss) for the period to be appropriated9905€91k€150k▲
Appropriation of the result
Profit (loss) to be appropriated9906€91k€150k▲
Transfer from equity791/2-€169k
Transfer to equity691/2€91k€150k▲
To other reserves6921€91k€150k▲
Profit to be distributed694/7-€169k
Return on contributions (dividend)694-€169k
The notes to these accounts (6 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | €10k | €18k | €21k | €20k | ▼ 4.4% |
| Other operating charges640/8 | - | €2k | €2k | €3k | €3k | ▼ 23.4% |
| Gross operating margin9900 | €99k | €106k | €164k | €158k | €243k | ▲ 53.1% |
| Operating profit (loss)9901 | €87k | €94k | €143k | €134k | €220k | ▲ 64.0% |
| Financial income75/76B | - | - | €13 | €0 | - | - |
| Recurring financial income75 | - | - | €13 | €0 | - | - |
| Financial charges65/66B | - | €5k | €5k | €7k | €5k | ▼ 20.3% |
| Recurring financial charges65 | €5k | €5k | €5k | €7k | €5k | ▼ 20.3% |
| Profit (loss) for the period before taxes9903 | €82k | €89k | €138k | €128k | €215k | ▲ 68.4% |
| Income taxes67/77 | €23k | €25k | €41k | €37k | €65k | ▲ 76.0% |
| Profit (loss) for the period9904 | €59k | €63k | €98k | €91k | €150k | ▲ 65.3% |
| Profit (loss) for the period to be appropriated9905 | €59k | €63k | €98k | €91k | €150k | ▲ 65.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €405k | €461k | €554k | €611k | €740k | ▲ 21.2% |
| Fixed assets21/28 | €260k | €250k | €284k | €264k | €248k | ▼ 6.0% |
| Tangible fixed assets22/27 | €260k | €250k | €284k | €264k | €248k | ▼ 6.0% |
| Land and buildings22 | - | €241k | €233k | €225k | €217k | ▼ 3.6% |
| Plant, machinery and equipment23 | - | - | €845 | €172 | €4k | ▲ 2,131% |
| Furniture and vehicles24 | - | €9k | €50k | €38k | €27k | ▼ 29.3% |
| Current assets29/58 | €146k | €211k | €270k | €347k | €493k | ▲ 41.9% |
| Amounts receivable within one year40/41 | €21k | €26k | €28k | €38k | €32k | ▼ 15.5% |
| Trade receivables40 | - | €26k | €21k | €34k | €32k | ▼ 6.8% |
| Other amounts receivable41 | - | €569 | €7k | €4k | €480 | ▼ 88.2% |
| Current investments50/53 | - | - | €44k | €80k | €134k | ▲ 67.5% |
| Cash at bank and in hand54/58 | €124k | €184k | €198k | €229k | €326k | ▲ 42.5% |
| Deferred charges and accrued income490/1 | - | €1k | €0 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €405k | €461k | €554k | €611k | €740k | ▲ 21.2% |
| Equity10/15 | €234k | €297k | €395k | €486k | €467k | ▼ 4.0% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €228k | €291k | €389k | €480k | €460k | ▼ 4.0% |
| Non-distributable reserves130/1 | - | €2k | €2k | €0 | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | €0 | - | - |
| Distributable reserves133 | - | €289k | €387k | €480k | €460k | ▼ 4.0% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Amounts payable17/49 | €172k | €164k | €159k | €125k | €274k | ▲ 119% |
| Amounts payable after more than one year17 | €85k | €72k | €59k | €46k | €33k | ▼ 29.3% |
| Financial debts170/4 | - | €72k | €59k | €46k | €33k | ▼ 29.3% |
| Amounts payable within one year42/48 | €86k | €91k | €100k | €79k | €241k | ▲ 206% |
| Current portion of amounts payable after more than one year42 | - | €13k | €13k | €13k | €14k | ▲ 1.9% |
| Trade debts44 | €2k | €1k | €580 | €3k | €231 | ▼ 92.6% |
| Suppliers440/4 | - | €1k | €580 | €3k | €231 | ▼ 92.6% |
| Taxes, remuneration and social security45 | - | €1k | €5k | €16k | €14k | ▼ 12.6% |
| Taxes450/3 | - | €1k | €5k | €16k | €14k | ▼ 12.6% |
| Other amounts payable47/48 | - | €76k | €81k | €46k | €213k | ▲ 362% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €59k | €63k | €98k | €91k | €150k | ▲ 65.3% |
| + Depreciation and write-downs630 | €10k | €10k | €18k | €21k | €20k | ▼ 4.4% |
| Operating cash flow (approximation) | €68k | €73k | €116k | €111k | €170k | ▲ 52.3% |
| Investment in fixed assets (approximation) | - | €0 | €-52k | €0 | €-4k | - |
| Change in cash | - | €60k | €14k | €31k | €97k | ▲ 211% |
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
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €150k ▲65.3%
Operating result €220k, net result €150k, both a record.
16-12
State Gazette act
Board meeting · Director resignation
Director appointment · Permanent representative
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
05-10
State Gazette act
Board meeting · Power of attorney
Director appointment · Permanent representative
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €200kEq €234k ▲33.4%
3 profitable years in a row build equity to €234k.
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €150kEq €175k ▲54.2%
2 profitable years in a row build equity to €175k.
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Boutersem · 1 establishment unit since 2017
Ground area
799 m²
Building footprint
109 m²
Volume, LiDAR
801 m³
Parcel 24093B0104/00K000, Flanders · tallest building 10.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Level5
since 20172.260.590.344
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24093B0104/00K000 | Flanders | 799 m² | 1 · 108 m² | 10.0 m · 3 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
Connections & network
1 connected companyLinked via shared directors
Shared director
→
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 659 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 0 EUR | 659 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. 35,211 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
Founded11-01-2017
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
71121Engineering and related technical consultancy, excluding land surveyors
Scores and ratios are computed by Checked and are not a credit decision.