Alain LIBBRECHT
ActiveSummary
Alain LIBBRECHT has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €285,890 and a net result of €4,057. Equity is growing by ~11.1% per year across the filed fiscal years. Its solvency ranks better than 63% of 15869 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability70=
Solvency81▲+1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22,000 at 30 days acceptable
Liquidity ample (current ratio 2.29 against 2.27 in 2023; short-term debt: 29.1% and cash: 24.6% of total assets), and 43.8% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-10-2025, 63 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
not confirmed
2024
63 d late
2023
61 d late
2022
88 d late
2021
79 d late
2020
31 d late
2019
66 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 65 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€285,890▲ 1.4%
2023 · €281,833
Total assets
€508,582▼ 1.0%
2023 · €513,470
Net result
€4,057▼ 15.2%
2023 · €4,787
Working capital
€191,264▲ 11.3%
2023 · €171,917
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€29,407▼ 34.8%€25,106▼ 14.6%€82,287▲ 228%€10,314▼ 87.5%€12,435▲ 20.6%
Net result€18,986within the sector's middle half▼ 33.2%€17,772within the sector's middle half▼ 6.4%€63,929above the sector's middle half▲ 260%€4,787within the sector's middle half▼ 92.5%€4,057within the sector's middle half▼ 15.2%
Equity€196,945above the sector's middle half▲ 10.7%€213,117above the sector's middle half▲ 8.2%€277,046above the sector's middle half▲ 30.0%€281,833above the sector's middle half▲ 1.7%€285,890above the sector's middle half▲ 1.4%
Total assets€282,016within the sector's middle half▲ 1.9%€339,053within the sector's middle half▲ 20.2%€628,149above the sector's middle half▲ 85.3%€513,470above the sector's middle half▼ 18.3%€508,582above the sector's middle half▼ 1.0%
Debt€85,071▼ 13.8%€125,937▲ 48.0%€351,103▲ 179%€231,637▼ 34.0%€222,692▼ 3.9%
Working capital€179,178above the sector's middle half▲ 12.0%€140,414above the sector's middle half▼ 21.6%€160,043above the sector's middle half▲ 14.0%€171,917above the sector's middle half▲ 7.4%€191,264above the sector's middle half▲ 11.3%
Solvency69.8%above the sector's middle half▲ 5.5pp62.9%within the sector's middle half▼ 7.0pp44.1%within the sector's middle half▼ 18.8pp54.9%within the sector's middle half▲ 10.8pp56.2%within the sector's middle half▲ 1.3pp
Current ratio3.11above the sector's middle half▲ 0.492.11within the sector's middle half▼ 0.991.68within the sector's middle half▼ 0.432.27within the sector's middle half▲ 0.582.29within the sector's middle half▲ 0.02
Return on assets (ROA)6.7%within the sector's middle half▼ 3.5pp5.2%within the sector's middle half▼ 1.5pp10.2%within the sector's middle half▲ 4.9pp0.9%within the sector's middle half▼ 9.2pp0.8%within the sector's middle half▼ 0.1pp
Staff (FTE)1.9within the sector's middle half▼ 13.6%2.1▲ 10.5%2.6▲ 23.8%3.1▲ 19.2%1.3▼ 58.1%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
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 21% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €508,582
Fixed assets
€169,409 ▼ 17.8%
Current assets
€339,173 ▲ 10.3%
Equity and liabilities €508,582
Equity
€285,890 ▲ 1.4%
Debt
€222,692 ▼ 3.9%
Debt's share of the balance-sheet total falls from 45.1% to 43.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€41,788▲
2023 · €40,825
Cash flow
€33,411▼
2023 · €35,298
Quick ratio
1.97▼
2023 · 1.99
Debt to equity
0.78▼
2023 · 0.82
ROE
1.4%▼
2023 · 1.7%
Interest coverage
7.16▼
2023 · 7.75
Debt ≤ 1 year
€147,909▲
2023 · €135,538
Debt > 1 year
€74,783▼
2023 · €96,099
Income taxes
€2,689▲
2023 · €1,941
Staff costs
€56,538▼
2023 · €91,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,040 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,040 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €129 | - | €1,000 | €1,379 | ▲ 37.9% |
| Remuneration, social security and pensions62 | - | €68,340 | €82,394 | €91,000 | €56,538 | ▼ 37.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,990 | €9,485 | €26,349 | €30,511 | €29,353 | ▼ 3.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€4,139 | €1,500 | €8,580 | €470 | ▼ 94.5% |
| Other operating charges640/8 | - | €3,002 | €4,350 | €4,499 | €4,720 | ▲ 4.9% |
| Non-recurring operating charges66A | - | - | - | €2,439 | €2,035 | ▼ 16.5% |
| Gross operating margin9900 | €101,949 | €101,793 | €196,879 | €147,344 | €105,551 | ▼ 28.4% |
| Operating profit (loss)9901 | €29,407 | €25,106 | €82,287 | €10,314 | €12,435 | ▲ 20.6% |
| Financial income75/76B | - | €50 | €127 | €1,680 | €146 | ▼ 91.3% |
| Recurring financial income75 | €44 | €50 | €127 | €1,680 | €146 | ▼ 91.3% |
| Financial charges65/66B | - | €983 | €2,209 | €5,267 | €5,835 | ▲ 10.8% |
| Recurring financial charges65 | €1,261 | €983 | €2,209 | €5,267 | €5,835 | ▲ 10.8% |
| Profit (loss) for the period before taxes9903 | €28,191 | €24,173 | €80,205 | €6,728 | €6,746 | ▲ 0.3% |
| Income taxes67/77 | €9,204 | €6,401 | €16,276 | €1,941 | €2,689 | ▲ 38.5% |
| Profit (loss) for the period9904 | €18,986 | €17,772 | €63,929 | €4,787 | €4,057 | ▼ 15.2% |
| Transfer from tax-exempt reserves789 | - | €13,212 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €27,769 | €30,984 | €63,929 | €4,787 | €4,057 | ▼ 15.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €282,016 | €339,053 | €628,149 | €513,470 | €508,582 | ▼ 1.0% |
| Fixed assets21/28 | €17,767 | €72,703 | €234,165 | €206,015 | €169,409 | ▼ 17.8% |
| Tangible fixed assets22/27 | €17,347 | €72,283 | €231,745 | €205,595 | €168,989 | ▼ 17.8% |
| Plant, machinery and equipment23 | - | €14,602 | €26,563 | €23,755 | €17,728 | ▼ 25.4% |
| Furniture and vehicles24 | - | €2,000 | €9,644 | €8,187 | €2,328 | ▼ 71.6% |
| Other tangible fixed assets26 | - | €55,681 | €195,537 | €173,653 | €148,933 | ▼ 14.2% |
| Financial fixed assets28 | €420 | €420 | €2,420 | €420 | €420 | = |
| Current assets29/58 | €264,249 | €266,351 | €393,984 | €307,455 | €339,173 | ▲ 10.3% |
| Stocks and contracts in progress3 | €43,014 | €39,736 | €68,227 | €38,211 | €47,136 | ▲ 23.4% |
| Stocks30/36 | - | €39,736 | €68,227 | €38,211 | €47,136 | ▲ 23.4% |
| Amounts receivable within one year40/41 | €59,662 | €97,635 | €168,873 | €196,417 | €162,121 | ▼ 17.5% |
| Trade receivables40 | - | €89,069 | €150,653 | €164,001 | €128,471 | ▼ 21.7% |
| Other amounts receivable41 | - | €8,566 | €18,220 | €32,417 | €33,650 | ▲ 3.8% |
| Current investments50/53 | €75,627 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €76,387 | €126,333 | €153,737 | €69,067 | €124,980 | ▲ 81.0% |
| Deferred charges and accrued income490/1 | - | €2,647 | €3,147 | €3,759 | €4,936 | ▲ 31.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €282,016 | €339,053 | €628,149 | €513,470 | €508,582 | ▼ 1.0% |
| Equity10/15 | €196,945 | €213,117 | €277,046 | €281,833 | €285,890 | ▲ 1.4% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €178,326 | €194,114 | €258,446 | €263,233 | €267,290 | ▲ 1.5% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €192,254 | €256,586 | €261,373 | €265,430 | ▲ 1.6% |
| Profit (loss) carried forward14 | €19 | €403 | - | - | - | - |
| Amounts payable17/49 | €85,071 | €125,937 | €351,103 | €231,637 | €222,692 | ▼ 3.9% |
| Amounts payable after more than one year17 | - | - | €117,162 | €96,099 | €74,783 | ▼ 22.2% |
| Financial debts170/4 | - | - | €117,162 | €96,099 | €74,783 | ▼ 22.2% |
| Amounts payable within one year42/48 | €85,071 | €125,937 | €233,941 | €135,538 | €147,909 | ▲ 9.1% |
| Current portion of amounts payable after more than one year42 | - | - | €20,812 | €21,063 | €21,316 | ▲ 1.2% |
| Trade debts44 | €48,161 | €82,645 | €141,030 | €58,775 | €65,410 | ▲ 11.3% |
| Suppliers440/4 | - | €82,645 | €141,030 | €58,775 | €65,410 | ▲ 11.3% |
| Taxes, remuneration and social security45 | - | €14,935 | €33,947 | €9,003 | €9,117 | ▲ 1.3% |
| Taxes450/3 | - | €10,645 | €20,334 | €6,182 | €5,302 | ▼ 14.2% |
| Remuneration and social security454/9 | - | €4,290 | €13,613 | €2,821 | €3,814 | ▲ 35.2% |
| Other amounts payable47/48 | - | €28,357 | €38,152 | €46,698 | €52,067 | ▲ 11.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,986 | €17,772 | €63,929 | €4,787 | €4,057 | ▼ 15.2% |
| + Depreciation and write-downs630 | €8,990 | €9,485 | €26,349 | €30,511 | €29,353 | ▼ 3.8% |
| Operating cash flow (approximation) | €27,976 | €27,257 | €90,278 | €35,298 | €33,411 | ▼ 5.3% |
| Investment in fixed assets (approximation) | - | -€64,421 | -€187,811 | -€2,362 | €7,253 | ▲ 407% |
| Change in cash | - | €49,946 | €27,404 | -€84,669 | €55,912 | ▲ 166% |
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
02-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 63 days late
2024
31-12
Financial
Weakest financial yearnet €4,057 ▼15.2%
Net result drops to €4,057, the lowest in the series.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
27-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 88 days late
2022
31-12
Financial
Highest result since 2018net €63,929 ▲260%
Operating result €82,287, net result €63,929, both a record.
18-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 79 days late
2021
31-12
Financial
Equity above €200,000Eq €213,117 ▲8.2%
4 profitable years in a row build equity to €213,117.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
05-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 66 days late
2019
31-12
Financial
Equity above €150,000Eq €177,959 ▲19%
2 profitable years in a row build equity to €177,959.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 56 days late
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
22-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Wevelgem · 1 establishment unit since 1988
Ground area
1,603 m²
Building footprint
161 m²
Volume, LiDAR
1,174 m³
Parcel 34029B0202/00S002, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ALAIN LIBBRECHT BVBA
since 19882.033.935.095
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34029B0202/00S002 | Flanders | 1,603 m² | 1 · 161 m² | 10.0 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteWevelgem2.033.935.095
Legal Entity Identifier
8755008IMIW3LZYRX603
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Of 223 companies in sector 46391 we hold annual accounts for 139. 96 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
Founded27-01-1988
Fiscal year end31-12
Activities, NACEBEL 2025
46391Wholesale trade
46392Non-specialised wholesale
10311Manufacture of food products
10312Manufacture of food products
10850Manufacture of food products
10890Manufacture of food products
47210Retail sale of fruit and vegetables
47271Retail trade
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
E-invoicing
Reachable via Peppol
Peppol ID
0208:0433185667
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.