Summary
GROUP LB is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €480k and a net result of €240k. Equity is growing by ~9.2% per year across the filed fiscal years. Its solvency ranks better than 78% of 6157 sector peers (fiscal year 2024). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 25-06-2025, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
36 d early
2023
6 d early
2022
49 d early
2021
44 d early
2020
50 d early
2019
28 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€480k▲ 99.8%
2023 · €240k
2018: €301k
2019: €326k▲ +8.1% vs 2018
2020: €171k▼ -47.6% vs 2019lowest in 7 years
2021: €199k▲ +16.5% vs 2020
2022: €253k▲ +27.4% vs 2021
2023: €240k▼ -5.1% vs 2022
2024: €480k▲ +99.8% vs 2023highest in 7 years
2018 → 2024
Net result
€240k▲ 271%
2023 · €65k
2018: €32k
2019: €24k▼ -24.2% vs 2018lowest in 7 years
2020: €50k▲ +105% vs 2019
2021: €28k▼ -43.8% vs 2020
2022: €55k▲ +94.0% vs 2021
2023: €65k▲ +18.4% vs 2022
2024: €240k▲ +271% vs 2023highest in 7 years
2018 → 2024
Total assets
€584k▲ 34.6%
2023 · €434k
2018: €355klowest in 7 years
2019: €380k▲ +7.0% vs 2018
2020: €395k▲ +4.0% vs 2019
2021: €395k▼ -0.1% vs 2020
2022: €402k▲ +1.9% vs 2021
2023: €434k▲ +7.9% vs 2022
2024: €584k▲ +34.6% vs 2023highest in 7 years
2018 → 2024
Solvency
82.3%▲ 26.8pp
2023 · 55.4%
2018: 84.9%
2019: 85.8%▲ +1.0% vs 2018highest in 7 years
2020: 43.2%▼ -49.6% vs 2019lowest in 7 years
2021: 50.4%▲ +16.6% vs 2020
2022: 63.0%▲ +25.1% vs 2021
2023: 55.4%▼ -12.1% vs 2022
2024: 82.3%▲ +48.4% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€171k-€199k▲ 16.5%€253k▲ 27.4%€240k▼ 5.1%€480k▲ 99.8%
2020: €171klowest in 5 years
2021: €199k▲ +16.5% vs 2020
2022: €253k▲ +27.4% vs 2021
2023: €240k▼ -5.1% vs 2022
2024: €480k▲ +99.8% vs 2023highest in 5 years
Operating result€72k-€44k▼ 38.9%€79k▲ 79.6%€95k▲ 19.6%€179k▲ 89.3%
2020: €72k
2021: €44k▼ -38.9% vs 2020lowest in 5 years
2022: €79k▲ +79.6% vs 2021
2023: €95k▲ +19.6% vs 2022
2024: €179k▲ +89.3% vs 2023highest in 5 years
Net result€50k-€28k▼ 43.8%€55k▲ 94.0%€65k▲ 18.4%€240k▲ 271%
2020: €50k
2021: €28k▼ -43.8% vs 2020lowest in 5 years
2022: €55k▲ +94.0% vs 2021
2023: €65k▲ +18.4% vs 2022
2024: €240k▲ +271% vs 2023highest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 89% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €584k
Fixed assets
€261k ▼ 0.1%
Current assets
€323k ▲ 87.3%
Equity and liabilities €584k
Equity
€480k ▲ 99.8%
Debt
€104k ▼ 46.4%
Debt's share of the balance-sheet total falls from 44.6% to 17.7%. Equity is higher and debt is lower.
Key figures and ratios
ROE
49.9%▲
2023 · 26.9%
ROA
41.1%▲
2023 · 14.9%
Debt ≤ 1 year
€103k▼
2023 · €193k
Income taxes
€63k▲
2023 · €25k
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€434k€584k▲
Fixed assets21/28€261k€261k▼
Tangible fixed assets22/27€223€0▼
Furniture and vehicles24€223€0▼
Financial fixed assets28€261k€261k=
Current assets29/58€172k€323k▲
Amounts receivable within one year40/41€71k€19k▼
Trade receivables40€20k€0▼
Other amounts receivable41€51k€19k▼
Current investments50/53-€19k
Cash at bank and in hand54/58€97k€281k▲
Deferred charges and accrued income490/1€4k€4k▲
Equity and liabilities
Total equity and liabilities10/49€434k€584k▲
Equity10/15€240k€480k▲
Contributions10/11€15k€15k=
Reserves13€225k€465k▲
Distributable reserves133€225k€465k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€193k€104k▼
Amounts payable within one year42/48€193k€103k▼
Trade debts44€3k€2k▼
Suppliers440/4€3k€2k▼
Taxes, remuneration and social security45€14k€34k▲
Taxes450/3€7k€25k▲
Remuneration and social security454/9€7k€8k▲
Other amounts payable47/48€176k€68k▼
Accrued charges and deferred income492/3-€105
Income statement
Code20232024
Non-recurring operating income76A€7k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€233€223▼
Other operating charges640/8€667€631▼
Gross operating margin9900€96k€180k▲
Operating profit (loss)9901€95k€179k▲
Financial income75/76B€2k€131k▲
Recurring financial income75€2k€131k▲
Financial charges65/66B€7k€7k▲
Recurring financial charges65€7k€7k▲
Profit (loss) for the period before taxes9903€90k€303k▲
Income taxes67/77€25k€63k▲
Profit (loss) for the period9904€65k€240k▲
Profit (loss) for the period to be appropriated9905€65k€240k▲
Appropriation of the result
Profit (loss) to be appropriated9906€65k€240k▲
Profit (loss) brought forward from the previous period14P€0-
Transfer from equity791/2€77k€0▼
Transfer to equity691/2€65k€240k▲
To other reserves6921€65k€240k▲
Profit to be distributed694/7€77k€0▼
Return on contributions (dividend)694€77k€0▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (10 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 | - | - | - | €7k | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10 | €233 | €1k | €233 | €223 | ▼ 4.4% |
| Other operating charges640/8 | - | €564 | €565 | €667 | €631 | ▼ 5.4% |
| Gross operating margin9900 | €73k | €45k | €81k | €96k | €180k | ▲ 88.4% |
| Operating profit (loss)9901 | €72k | €44k | €79k | €95k | €179k | ▲ 89.3% |
| Financial income75/76B | - | €1k | €1k | €2k | €131k | ▲ 8,429% |
| Recurring financial income75 | €861 | €1k | €1k | €2k | €131k | ▲ 8,429% |
| Financial charges65/66B | - | €6k | €5k | €7k | €7k | ▲ 6.9% |
| Recurring financial charges65 | €4k | €6k | €5k | €7k | €7k | ▲ 6.9% |
| Profit (loss) for the period before taxes9903 | €69k | €40k | €76k | €90k | €303k | ▲ 239% |
| Income taxes67/77 | €19k | €12k | €21k | €25k | €63k | ▲ 153% |
| Profit (loss) for the period9904 | €50k | €28k | €55k | €65k | €240k | ▲ 271% |
| Profit (loss) for the period to be appropriated9905 | €50k | €28k | €55k | €65k | €240k | ▲ 271% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €395k | €395k | €402k | €434k | €584k | ▲ 34.6% |
| Fixed assets21/28 | €262k | €262k | €272k | €261k | €261k | ▼ 0.1% |
| Tangible fixed assets22/27 | €923 | €690 | €10k | €223 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | €690 | €10k | €223 | €0 | ▼ 100% |
| Financial fixed assets28 | €261k | €261k | €261k | €261k | €261k | = |
| Current assets29/58 | €133k | €133k | €130k | €172k | €323k | ▲ 87.3% |
| Amounts receivable within one year40/41 | €30k | €42k | €71k | €71k | €19k | ▼ 73.5% |
| Trade receivables40 | - | €404 | €19k | €20k | €0 | ▼ 100% |
| Other amounts receivable41 | - | €42k | €52k | €51k | €19k | ▼ 63.1% |
| Current investments50/53 | - | - | - | - | €19k | - |
| Cash at bank and in hand54/58 | €97k | €83k | €54k | €97k | €281k | ▲ 189% |
| Deferred charges and accrued income490/1 | - | €7k | €6k | €4k | €4k | ▲ 5.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €395k | €395k | €402k | €434k | €584k | ▲ 34.6% |
| Equity10/15 | €171k | €199k | €253k | €240k | €480k | ▲ 99.8% |
| Contributions10/11 | - | €15k | €15k | €15k | €15k | = |
| Reserves13 | €153k | €181k | €238k | €225k | €465k | ▲ 107% |
| Distributable reserves133 | - | €181k | €238k | €225k | €465k | ▲ 107% |
| Profit (loss) carried forward14 | €3k | €3k | - | €0 | €0 | - |
| Amounts payable17/49 | €224k | €196k | €149k | €193k | €104k | ▼ 46.4% |
| Amounts payable within one year42/48 | €224k | €196k | €149k | €193k | €103k | ▼ 46.5% |
| Financial debts43 | - | €4k | - | - | - | - |
| Other loans439 | - | €4k | - | - | - | - |
| Trade debts44 | €16k | €11k | €2k | €3k | €2k | ▼ 21.4% |
| Suppliers440/4 | - | €11k | €2k | €3k | €2k | ▼ 21.4% |
| Taxes, remuneration and social security45 | - | €21k | €19k | €14k | €34k | ▲ 140% |
| Taxes450/3 | - | €15k | €12k | €7k | €25k | ▲ 268% |
| Remuneration and social security454/9 | - | €7k | €7k | €7k | €8k | ▲ 17.3% |
| Other amounts payable47/48 | - | €159k | €127k | €176k | €68k | ▼ 61.7% |
| Accrued charges and deferred income492/3 | - | - | - | - | €105 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €50k | €28k | €55k | €65k | €240k | ▲ 271% |
| + Depreciation and write-downs630 | €10 | €233 | €1k | €233 | €223 | ▼ 4.4% |
| Operating cash flow (approximation) | €50k | €28k | €56k | €65k | €240k | ▲ 271% |
| Investment in fixed assets (approximation) | - | €0 | €-11k | €10k | €0 | ▼ 100% |
| Change in cash | - | €-14k | €-30k | €43k | €184k | ▲ 323% |
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
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €240k ▲271%
Operating result €179k, net result €240k, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 3.12
Current ratio from 0.89 to 3.12; short-term debt falls from €193k to €103k.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €200kEq €253k ▲27.4%
5 profitable years in a row build equity to €253k.
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
11-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €24k ▼24.2%
Net result drops to €24k, the lowest in the series; recovery starts the following year.
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
29-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 60 days late
Financial milestoneNBB 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Wervik · 1 establishment unit since 2015
Ground area
319 m²
Building footprint
295 m²
Parcel 33029A0621/00S000, Flanders. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
GROUP LB
since 20152.240.670.702
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33029A0621/00S000 | Flanders | 319 m² | 1 · 295 m² | - |
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.
Similar companies · same sector, comparable size
FIDEC DE PANNE
BE 0446.940.069
De Panne · Eq €480,549
B-TECC
BE 0502.250.756
Merelbeke-Melle · Eq €480,096
Robert Boute
BE 0508.683.638
Lubbeek · Eq €480,720
WILLY BORKELMANS
BE 0463.764.324
Maaseik · Eq €479,987
Anne-Line Servaes
BE 0649.983.439
Gent · Eq €480,748
Of 24,727 companies in sector 64210 we hold annual accounts for 19,768. 13,630 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
Founded12-03-2015
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
68110Buying and selling of own real estate
Contact
Phone
056/311948
Fax
056/312761
Scores and ratios are computed by Checked and are not a credit decision.