Equestrian Brand Development
ActiveSummary
Equestrian Brand Development has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €391,242 and a net result of €8,021. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 82% of 5048 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▼-5
Solvency100▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 3.61 against 2.39 in 2024; short-term debt: 16.3% and cash: 2.1% of total assets), and 23.9% of the assets are financed with debt.
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Signals
Five 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
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
76.1%
Return on assets
1.6%
Age of the figures
9 mo
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 →
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 €391,242
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
29 d late
2023
5 d early
2022
5 d early
2021
31 d late
2020
88 d late
2019
8 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 17 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 (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. Usually files around 27 July (4 of the last 5 filed years within 33 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€8,021▼ 76.5%
2024 · €34,118
Working capital
€218,619▲ 8.9%
2024 · €200,688
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€27,680▼ 19.7%-€14,950-€28,462▼ 90.4%€40,750€14,006▼ 65.6%
Net result€24,434within the sector's middle half▼ 6.3%-€21,406below the sector's middle half-€36,734below the sector's middle half▼ 71.6%€34,118within the sector's middle half€8,021within the sector's middle half▼ 76.5%
Equity€407,243within the sector's middle half▲ 6.4%€385,837within the sector's middle half▼ 5.3%€349,103within the sector's middle half▼ 9.5%€383,221within the sector's middle half▲ 9.8%€391,242below the sector's middle half▲ 2.1%
Total assets€605,874within the sector's middle half▲ 18.4%€649,000within the sector's middle half▲ 7.1%€622,395within the sector's middle half▼ 4.1%€582,560within the sector's middle half▼ 6.4%€513,914below the sector's middle half▼ 11.8%
Debt€198,631▲ 54.2%€263,163▲ 32.5%€273,292▲ 3.8%€199,339▼ 27.1%€122,672▼ 38.5%
Working capital€240,547within the sector's middle half▲ 2.9%€199,979within the sector's middle half▼ 16.9%€170,930within the sector's middle half▼ 14.5%€200,688within the sector's middle half▲ 17.4%€218,619within the sector's middle half▲ 8.9%
Solvency67.2%above the sector's middle half▼ 7.6pp59.5%within the sector's middle half▼ 7.8pp56.1%within the sector's middle half▼ 3.4pp65.8%within the sector's middle half▲ 9.7pp76.1%above the sector's middle half▲ 10.3pp
Current ratio3.95above the sector's middle half▼ 0.592.20within the sector's middle half▼ 1.741.88within the sector's middle half▼ 0.322.39within the sector's middle half▲ 0.513.61above the sector's middle half▲ 1.22
Return on assets (ROA)4.0%within the sector's middle half▼ 1.1pp-3.3%below the sector's middle half▼ 7.3pp-5.9%below the sector's middle half▼ 2.6pp5.9%within the sector's middle half▲ 11.8pp1.6%within the sector's middle half▼ 4.3pp
Staff (FTE)0.6below the sector's middle half=0.6below the sector's middle half=0.6below the sector's middle half=0.4below the sector's middle half▼ 33.3%0.4below the sector's middle half=
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.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 66% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €513,914
Fixed assets
€211,378 ▼ 10.9%
Current assets
€302,535 ▼ 12.4%
Equity and liabilities €513,914
Equity
€391,242 ▲ 2.1%
Debt
€122,672 ▼ 38.5%
Debt's share of the balance-sheet total falls from 34.2% to 23.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€39,939▼
2024 · €68,386
Cash flow
€33,955▼
2024 · €61,753
Quick ratio
1.03▲
2024 · 0.56
Debt to equity
0.31▼
2024 · 0.52
ROE
2.1%▼
2024 · 8.9%
Interest coverage
6.76▼
2024 · 7.22
Debt ≤ 1 year
€83,917▼
2024 · €144,560
Debt > 1 year
€35,350▼
2024 · €54,779
Income taxes
€80▼
2024 · €304
Staff costs
€17,342▲
2024 · €15,543
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,039 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 497,338 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% | 1.9% |
| 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 17,039 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €1,800 | €2,700 | - | - | - | - |
| Remuneration, social security and pensions62 | €11,149 | €11,870 | €14,780 | €15,543 | €17,342 | ▲ 11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27,628 | €31,651 | €27,590 | €27,636 | €25,933 | ▼ 6.2% |
| Other operating charges640/8 | €2,867 | €3,008 | €3,272 | €3,407 | €8,740 | ▲ 157% |
| Gross operating margin9900 | €69,323 | €31,578 | €17,180 | €87,335 | €66,022 | ▼ 24.4% |
| Operating profit (loss)9901 | €27,680 | -€14,950 | -€28,462 | €40,750 | €14,006 | ▼ 65.6% |
| Financial income75/76B | €3,034 | €488 | €1,366 | €3,148 | - | - |
| Recurring financial income75 | €3,034 | €488 | €1,366 | €3,148 | - | - |
| Financial charges65/66B | €5,663 | €6,664 | €9,338 | €9,475 | €5,905 | ▼ 37.7% |
| Recurring financial charges65 | €5,663 | €6,664 | €9,338 | €9,475 | €5,905 | ▼ 37.7% |
| Profit (loss) for the period before taxes9903 | €25,051 | -€21,126 | -€36,434 | €34,422 | €8,101 | ▼ 76.5% |
| Income taxes67/77 | €617 | €280 | €300 | €304 | €80 | ▼ 73.8% |
| Profit (loss) for the period9904 | €24,434 | -€21,406 | -€36,734 | €34,118 | €8,021 | ▼ 76.5% |
| Profit (loss) for the period to be appropriated9905 | €24,434 | -€21,406 | -€36,734 | €34,118 | €8,021 | ▼ 76.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €605,874 | €649,000 | €622,395 | €582,560 | €513,914 | ▼ 11.8% |
| Fixed assets21/28 | €283,680 | €282,592 | €256,899 | €237,312 | €211,378 | ▼ 10.9% |
| Tangible fixed assets22/27 | €283,297 | €282,209 | €256,515 | €236,928 | €210,995 | ▼ 10.9% |
| Land and buildings22 | €276,053 | €275,945 | €252,081 | €229,408 | €206,736 | ▼ 9.9% |
| Plant, machinery and equipment23 | €4,129 | €6 | €1,136 | €2,250 | €841 | ▼ 62.6% |
| Furniture and vehicles24 | €3,114 | €6,259 | €3,299 | €5,269 | €3,417 | ▼ 35.2% |
| Financial fixed assets28 | €384 | €384 | €384 | €384 | €384 | = |
| Current assets29/58 | €322,193 | €366,408 | €365,497 | €345,248 | €302,535 | ▼ 12.4% |
| Stocks and contracts in progress3 | €243,955 | €279,736 | €286,016 | €263,868 | €216,255 | ▼ 18.0% |
| Stocks30/36 | €243,955 | €279,736 | €286,016 | €263,868 | €216,255 | ▼ 18.0% |
| Amounts receivable within one year40/41 | €71,319 | €79,868 | €70,691 | €63,921 | €75,480 | ▲ 18.1% |
| Trade receivables40 | €66,937 | €70,764 | €61,270 | €54,525 | €65,864 | ▲ 20.8% |
| Other amounts receivable41 | €4,383 | €9,103 | €9,421 | €9,396 | €9,616 | ▲ 2.3% |
| Cash at bank and in hand54/58 | €6,919 | €6,804 | €8,789 | €17,459 | €10,801 | ▼ 38.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €605,874 | €649,000 | €622,395 | €582,560 | €513,914 | ▼ 11.8% |
| Equity10/15 | €407,243 | €385,837 | €349,103 | €383,221 | €391,242 | ▲ 2.1% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Capital10 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Issued capital100 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €133,861 | €133,861 | €133,861 | €133,861 | €133,861 | = |
| Non-distributable reserves130/1 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Legal reserve130 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Tax-exempt reserves132 | €31,295 | €31,295 | €31,295 | €31,295 | €31,295 | = |
| Distributable reserves133 | €100,566 | €100,566 | €100,566 | €100,566 | €100,566 | = |
| Profit (loss) carried forward14 | €253,382 | €231,976 | €195,242 | €229,360 | €237,381 | ▲ 3.5% |
| Amounts payable17/49 | €198,631 | €263,163 | €273,292 | €199,339 | €122,672 | ▼ 38.5% |
| Amounts payable after more than one year17 | €116,985 | €96,735 | €77,105 | €54,779 | €35,350 | ▼ 35.5% |
| Financial debts170/4 | €116,985 | €96,735 | €77,105 | €54,779 | €35,350 | ▼ 35.5% |
| Amounts payable within one year42/48 | €81,646 | €166,429 | €194,567 | €144,560 | €83,917 | ▼ 42.0% |
| Current portion of amounts payable after more than one year42 | €23,788 | €20,672 | €21,122 | €21,650 | €19,850 | ▼ 8.3% |
| Financial debts43 | €16,082 | €50,000 | €79,351 | €50,000 | - | - |
| Credit institutions430/8 | €16,082 | €50,000 | €79,351 | €50,000 | - | - |
| Trade debts44 | €27,295 | €45,695 | €71,415 | €35,035 | €23,839 | ▼ 32.0% |
| Suppliers440/4 | €27,295 | €45,695 | €71,415 | €35,035 | €23,839 | ▼ 32.0% |
| Taxes, remuneration and social security45 | €9,241 | €22,722 | €452 | €16,638 | €18,992 | ▲ 14.1% |
| Taxes450/3 | - | - | €452 | €16,638 | €18,992 | ▲ 14.1% |
| Remuneration and social security454/9 | €9,241 | €22,722 | - | - | - | - |
| Other amounts payable47/48 | €5,240 | €27,340 | €22,226 | €21,236 | €21,236 | = |
| Accrued charges and deferred income492/3 | - | - | €1,620 | - | €3,405 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,434 | -€21,406 | -€36,734 | €34,118 | €8,021 | ▼ 76.5% |
| + Depreciation and write-downs630 | €27,628 | €31,651 | €27,590 | €27,636 | €25,933 | ▼ 6.2% |
| Operating cash flow (approximation) | €52,062 | €10,245 | -€9,144 | €61,753 | €33,955 | ▼ 45.0% |
| Investment in fixed assets (approximation) | - | -€30,563 | -€1,896 | -€8,049 | €0 | ▲ 100% |
| Change in cash | - | -€115 | €1,985 | €8,670 | -€6,658 | ▼ 177% |
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
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
31-12
Financial
Back to profitnet €34,118
Net result €34,118 after 2 loss-making years.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 88 days late
2020
31-12
Financial
Back to profitnet €26,090
Net result €26,090 after 2 loss-making years.
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Hamme (Vl.) · 1 establishment unit since 2001
Ground area
5,421 m²
Building footprint
180 m²
Volume, LiDAR
774 m³
Parcel 42452D0613/00D000, Flanders · tallest building 6.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Equestrian Brand Development
since 20012.093.222.782
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42452D0613/00D000 | Flanders | 5,421 m² | 1 · 180 m² | 6.2 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 · 1 entry · 236 EUR awarded · 236 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 236 EUR | 236 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteHamme (O.-Vl.)2.093.222.782
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Of 118 companies in sector 46498 we hold annual accounts for 74. 46 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
Founded24-05-2000
Fiscal year end31-12
Activities, NACEBEL 2025
46496Wholesale trade
46498Wholesale trade
01430Raising of horses and other equines
32300Other manufacturing
47639Retail sale of other sporting goods
47722Retail trade
82990Other business support services
77110Renting and leasing of cars and light motor vehicles
Contact
Website
www.lj-leathers.be
E-mail
info@lj-leathers.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0471955874
Registered
05-03-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.