Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Busy address KBO
31 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
The Fourth Law from Leuven, company number BE0662667574, closed financial year 2025 with a result of € -107,134 after tax. For that financial year The Fourth Law recorded a gross margin of € -104,741 and equity of € 7 million. Compared with financial year 2024, the result moved from € 1,188 to € -107,134. The company made a loss. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 17, 2026.
€ 7 million
▲ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -107,134
▼ still € 1,188 profit in 2024
Profit after tax over the fiscal year.
€ 14,706
▼ 82% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -160,020.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2025
€ 25,000
▼ 95% vs 2024
Loans from banks and other lenders, long and short.
€ 22,155
▼ 85% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1
▼ € 1,291 vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 35,336 | € -72,618 | € 17,247 | € -104,741 | ▼ € 121,988 |
| Profit after taxes | € 18,590 | € -100,588 | € 1,188 | € -107,134 | ▼ € 108,323 |
| Equity | € 6,207,606 | € 6,607,016 | € 6,608,204 | € 6,958,228 | ▲ 5% |
| Total debts | € 628,408 | € 757,584 | € 748,531 | € 47,156 | ▼ 94% |
| Cash | € 168,991 | € 2,509 | € 81,512 | € 14,706 | ▼ 82% |
| Retained profit | € 34,252 | € -66,336 | € -65,148 | € -160,020 | ▼ € 94,871 |
| Bank debt | € 542,128 | € 550,000 | € 550,000 | € 25,000 | ▼ 95% |
| Balance sheet total | € 6,836,014 | € 7,364,599 | € 7,356,735 | € 7,005,384 | ▼ 5% |
Key figures of The Fourth Law, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to The Fourth Law?
What happened at The Fourth Law in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- NOSHAQ PARTNERS SRL stepped down as director. NBB
- Ruben Smits stepped down as director. NBB
- Bert Willaert stepped down as director. NBB
- Vmf Luxembourg stepped down as director. NBB
- Participatiemaatschappij Vlaanderen NV stepped down as director. NBB
- Dirk Beeusaert stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 107,134 (▼ € 108,323 vs 2024). Source: NBB ↗
- NOSHAQ PARTNERS SRL became a director. NBB
In short
From € 18,590 profit in 2022 to € 107,134 loss in 2025.
Paid € 5,046 in corporate taxes since 2022.
Best year ever: 2022, with € 18,590 profit.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of Participatiemaatschappij Vlaanderen, NOSHAQ comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
The Fourth LawThe shares are held by Participatiemaatschappij Vlaanderen (16.3%) and NOSHAQ (11.4%). It owns 200% of PIck-it itself.
Directors
According to the 2025 annual accounts
Director
Also active at: CAUTION MUTUELLE DES METIERS ET NEGOCES, Fonderies J. Marichal Ketin et Cie, DARDENNE, SOGECOM, VITAVERDE.BIO, HAEMERS Technologies, SPACEBEL, NOSHAQ VENTURE +169 more
since 2025 · until 2031
Director · represented by Urbanus Vandeurzen
since 2023 · until 2028
Participatiemaatschappij Vlaanderen NV
Director
Also active at: VLAAMSE INSTELLING VOOR TECHNOLOGISCH ONDERZOEK, Arts Gebroeders immobilière, BEDRIJVENCENTRUM VILVOORDE, BIOTECH FONDS VLAANDEREN, MAISON DE LA RADIO FLAGEY, HERTECANT FLANGES, Site-Ontwikkeling Vlaanderen, SUSTAINABLE ENERGY VENTURES +136 more
since 2023 · until 2028
since 2024 · until 2028
Ruben Smits
Director
since 2024 · until 2030
Shareholders
11.4%
Participations
200%
Establishments
Establishment units
Physical locations of this company
Vaartdijk 3 box 1.02
3018 Leuven
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 31 companies are registered at this address.
All companies at this address →DIMA
€ 43,574 gross margin · 2025
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€ 563,687 gross margin · 2025
REGIONALE OMROEP BRABANT
€ 669,322 gross margin · 2025
ELSYCA
€ 3.5 million gross margin · 2025
+26 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0662.667.574
- VAT number
- BE 0662.667.574
- Registered office
- Vaartdijk 3 bus 1.02, 3018 Leuven
- Names & denominations
- The Fourth Law
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 16 September 2016
- Peppol
- Active · Active since 20 Nov 2020
- Activities · NACE
Activiteiten van holdings
Holdings
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
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