L.B.I.
ActiveSummary
L.B.I. has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €622,795 and a net result of -€7,209. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 58% of 682 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability57▼-2
Solvency78▲+7
Growth30▼-2
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity ample (current ratio 1.62 against 1.47 in 2024; short-term debt: 41% and cash: 1.3% of total assets), and 46.7% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four 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 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 10-06-2026, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
51 d early
2024
16 d early
2023
41 d early
2022
53 d early
2021
52 d early
2020
17 d early
2019
36 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 38 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% 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 10 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
Turnover
€3.1m▼ 10.3%
2024 · €3.4m
EBIT margin
-0.2%▼ 0.8pp
2024 · 0.7%
Net result
-€7,209
2024 · €12,306
Working capital
€295,180▲ 3.5%
2024 · €285,197
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, 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
Turnover€3.0m▼ 4.8%€3.3m▲ 11.5%€3.9m▲ 16.3%€3.4m▼ 12.0%€3.1m▼ 10.3%
Operating result-€70,362▲ 62.8%€18,218€101,939▲ 460%€23,156▼ 77.3%-€4,615
Net result-€78,112below the sector's middle half▲ 60.5%€10,635below the sector's middle half€90,249within the sector's middle half▲ 749%€12,306within the sector's middle half▼ 86.4%-€7,209below the sector's middle half
EBIT margin-2.3%▲ 3.7pp0.5%▲ 2.9pp2.6%▲ 2.1pp0.7%▼ 1.9pp-0.2%▼ 0.8pp
Equity€516,813within the sector's middle half▼ 13.1%€527,449within the sector's middle half▲ 2.1%€617,698within the sector's middle half▲ 17.1%€630,004within the sector's middle half▲ 2.0%€622,795within the sector's middle half▼ 1.1%
Total assets€1.6mwithin the sector's middle half▼ 14.8%€1.6mwithin the sector's middle half▼ 0.1%€1.5mwithin the sector's middle half▼ 1.3%€1.4mwithin the sector's middle half▼ 10.3%€1.2mbelow the sector's middle half▼ 15.6%
Debt€1.0m▼ 14.7%€1.0m▼ 0.3%€924,478▼ 10.6%€753,919▼ 18.4%€545,267▼ 27.7%
Working capital€121,068within the sector's middle half▼ 40.4%€64,091below the sector's middle half▼ 47.1%€230,921within the sector's middle half▲ 260%€285,197within the sector's middle half▲ 23.5%€295,180within the sector's middle half▲ 3.5%
Solvency33.1%within the sector's middle half▲ 0.6pp33.8%within the sector's middle half▲ 0.7pp40.1%within the sector's middle half▲ 6.3pp45.5%within the sector's middle half▲ 5.5pp53.3%within the sector's middle half▲ 7.8pp
Current ratio1.17within the sector's middle half▼ 0.091.08below the sector's middle half▼ 0.091.30within the sector's middle half▲ 0.221.47within the sector's middle half▲ 0.161.62within the sector's middle half▲ 0.15
Return on assets (ROA)-5.0%below the sector's middle half▲ 5.8pp0.7%below the sector's middle half▲ 5.7pp5.9%within the sector's middle half▲ 5.2pp0.9%within the sector's middle half▼ 5.0pp-0.6%below the sector's middle half▼ 1.5pp
Staff (FTE)39.9within the sector's middle half▼ 7.9%36.8within the sector's middle half▼ 7.8%38within the sector's middle half▲ 3.3%36.3within the sector's middle half▼ 4.5%33.5within the sector's middle half▼ 7.7%
above
within
below
the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €4,615 after €23,156 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.2m
Fixed assets
€393,862 ▼ 19.5%
Current assets
€774,201 ▼ 13.4%
Equity and liabilities €1.2m
Equity
€622,795 ▼ 1.1%
Debt
€545,267 ▼ 27.7%
Debt's share of the balance-sheet total falls from 54.5% to 46.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€108,750▼
2024 · €143,965
Cash flow
€106,157▼
2024 · €133,116
Debt to equity
0.88▼
2024 · 1.20
ROE
-1.2%▼
2024 · 2.0%
Interest coverage
9.84▼
2024 · 11.32
Debt ≤ 1 year
€479,021▼
2024 · €609,219
Debt > 1 year
€66,247▼
2024 · €144,700
Staff costs
€2.4m▼
2024 · €2.6m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,611 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.1%
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 0.5% 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 8,611 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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | €3.0m | €3.4m | €4.0m | €3.5m | €3.1m | ▼ 10.6% |
| Turnover70 | €3.0m | €3.3m | €3.9m | €3.4m | €3.1m | ▼ 10.3% |
| Other operating income74 | €23,083 | €38,269 | €75,222 | €33,793 | €17,414 | ▼ 48.5% |
| Operating charges60/66A | €3.1m | €3.4m | €3.9m | €3.4m | €3.1m | ▼ 9.9% |
| Goods for resale, raw materials and consumables60 | €163,034 | €174,777 | €164,083 | €124,644 | €129,981 | ▲ 4.3% |
| Purchases600/8 | €163,034 | €174,777 | €164,083 | €124,644 | €129,981 | ▲ 4.3% |
| Services and other goods61 | €591,289 | €568,979 | €774,525 | €547,250 | €451,353 | ▼ 17.5% |
| Remuneration, social security and pensions62 | €2.2m | €2.5m | €2.8m | €2.6m | €2.4m | ▼ 9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €146,676 | €157,725 | €146,557 | €120,809 | €113,366 | ▼ 6.2% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | -€13,869 | -€8,792 | -€1,182 | - | - | - |
| Other operating charges640/8 | €1,259 | €1,317 | €1,470 | €1,445 | €1,499 | ▲ 3.8% |
| Operating profit (loss)9901 | -€70,362 | €18,218 | €101,939 | €23,156 | -€4,615 | ▼ 120% |
| Financial income75/76B | €1,683 | €91 | €321 | €2,678 | €9,177 | ▲ 243% |
| Recurring financial income75 | €1,683 | €91 | €321 | €2,678 | €9,177 | ▲ 243% |
| Income from current assets751 | €1,525 | €91 | €321 | €2,678 | €9,177 | ▲ 243% |
| Other financial income752/9 | €158 | - | - | - | - | - |
| Financial charges65/66B | €9,433 | €7,674 | €12,010 | €13,527 | €11,770 | ▼ 13.0% |
| Recurring financial charges65 | €9,433 | €7,674 | €12,010 | €13,527 | €11,770 | ▼ 13.0% |
| Debt charges650 | €8,679 | €7,016 | €10,986 | €12,721 | €11,057 | ▼ 13.1% |
| Other financial charges652/9 | €754 | €657 | €1,024 | €806 | €713 | ▼ 11.5% |
| Profit (loss) for the period before taxes9903 | -€78,112 | €10,635 | €90,249 | €12,306 | -€7,209 | ▼ 159% |
| Profit (loss) for the period9904 | -€78,112 | €10,635 | €90,249 | €12,306 | -€7,209 | ▼ 159% |
| Profit (loss) for the period to be appropriated9905 | -€78,112 | €10,635 | €90,249 | €12,306 | -€7,209 | ▼ 159% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.6m | €1.6m | €1.5m | €1.4m | €1.2m | ▼ 15.6% |
| Fixed assets21/28 | €738,867 | €693,431 | €551,566 | €489,507 | €393,862 | ▼ 19.5% |
| Tangible fixed assets22/27 | €738,867 | €693,431 | €551,566 | €489,507 | €393,862 | ▼ 19.5% |
| Plant, machinery and equipment23 | €47,969 | €126,043 | €95,406 | €119,603 | €98,339 | ▼ 17.8% |
| Furniture and vehicles24 | €93,074 | €46,196 | €11,599 | €1,974 | €4,224 | ▲ 114% |
| Leasing and similar rights25 | €541,278 | €472,453 | €403,628 | €334,803 | €265,978 | ▼ 20.6% |
| Other tangible fixed assets26 | €56,546 | €48,739 | €40,933 | €33,127 | €25,321 | ▼ 23.6% |
| Current assets29/58 | €824,337 | €868,932 | €990,610 | €894,417 | €774,201 | ▼ 13.4% |
| Amounts receivable within one year40/41 | €470,493 | €598,963 | €797,301 | €492,623 | €754,653 | ▲ 53.2% |
| Trade receivables40 | €457,917 | €586,992 | €505,336 | €480,799 | €285,330 | ▼ 40.7% |
| Other amounts receivable41 | €12,577 | €11,971 | €291,965 | €11,824 | €469,323 | ▲ 3,869% |
| Cash at bank and in hand54/58 | €349,453 | €265,772 | €189,075 | €397,773 | €15,519 | ▼ 96.1% |
| Deferred charges and accrued income490/1 | €4,391 | €4,196 | €4,233 | €4,020 | €4,029 | ▲ 0.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.6m | €1.6m | €1.5m | €1.4m | €1.2m | ▼ 15.6% |
| Equity10/15 | €516,813 | €527,449 | €617,698 | €630,004 | €622,795 | ▼ 1.1% |
| Contributions10/11 | €530,000 | €530,000 | €530,000 | €530,000 | €530,000 | = |
| Capital10 | €530,000 | €530,000 | €530,000 | €530,000 | €530,000 | = |
| Issued capital100 | €530,000 | €530,000 | €530,000 | €530,000 | €530,000 | = |
| Reserves13 | €54,617 | €54,617 | €54,617 | €54,617 | €54,617 | = |
| Non-distributable reserves130/1 | €53,000 | €53,000 | €53,000 | €53,000 | €53,000 | = |
| Legal reserve130 | €53,000 | €53,000 | €53,000 | €53,000 | €53,000 | = |
| Tax-exempt reserves132 | €1,617 | €1,617 | €1,617 | €1,617 | €1,617 | = |
| Profit (loss) carried forward14 | -€67,804 | -€57,168 | €33,081 | €45,387 | €38,178 | ▼ 15.9% |
| Provisions and deferred taxes16 | €9,973 | €1,182 | - | - | - | - |
| Provisions for liabilities and charges160/5 | €9,973 | €1,182 | - | - | - | - |
| Pensions and similar obligations160 | €9,973 | €1,182 | - | - | - | - |
| Amounts payable17/49 | €1.0m | €1.0m | €924,478 | €753,919 | €545,267 | ▼ 27.7% |
| Amounts payable after more than one year17 | €333,148 | €228,891 | €164,789 | €144,700 | €66,247 | ▼ 54.2% |
| Financial debts170/4 | €333,148 | €228,891 | €164,789 | €144,700 | €66,247 | ▼ 54.2% |
| Leasing and similar obligations172 | €333,148 | €228,891 | €164,789 | €100,686 | €36,584 | ▼ 63.7% |
| Credit institutions173 | - | - | - | €44,014 | €29,663 | ▼ 32.6% |
| Amounts payable within one year42/48 | €703,270 | €804,841 | €759,689 | €609,219 | €479,021 | ▼ 21.4% |
| Current portion of amounts payable after more than one year42 | €120,250 | €104,257 | €64,103 | €77,731 | €78,453 | ▲ 0.9% |
| Financial debts43 | €217,197 | €228,034 | €250,211 | €247,561 | €61,897 | ▼ 75.0% |
| Credit institutions430/8 | €217,197 | €228,034 | €250,211 | €247,561 | €61,897 | ▼ 75.0% |
| Trade debts44 | €51,032 | €61,652 | €111,189 | €45,719 | €42,574 | ▼ 6.9% |
| Suppliers440/4 | €51,032 | €61,652 | €111,189 | €45,719 | €42,574 | ▼ 6.9% |
| Taxes, remuneration and social security45 | €314,791 | €410,898 | €334,187 | €238,208 | €296,096 | ▲ 24.3% |
| Taxes450/3 | €62,279 | €70,982 | €71,015 | - | €67,948 | - |
| Remuneration and social security454/9 | €252,512 | €339,916 | €263,172 | €238,208 | €228,148 | ▼ 4.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€78,112 | €10,635 | €90,249 | €12,306 | -€7,209 | ▼ 159% |
| + Depreciation and write-downs630 | €146,676 | €157,725 | €146,557 | €120,809 | €113,366 | ▼ 6.2% |
| Operating cash flow (approximation) | €68,564 | €168,361 | €236,806 | €133,116 | €106,157 | ▼ 20.3% |
| Investment in fixed assets (approximation) | - | -€112,289 | -€4,692 | -€58,750 | -€17,721 | ▲ 69.8% |
| Change in cash | - | -€83,680 | -€76,697 | €208,698 | -€382,254 | ▼ 283% |
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
10-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €90,249 ▲749%
Operating result €101,939, net result €90,249, both a record.
08-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €10,635
Net result €10,635 after 2 loss-making years.
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet -€197,981
Net result drops to -€197,981, the lowest in the series; recovery starts the following year.
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
28-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
13-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Izegem · 1 establishment unit since 1996
Ground area
1.2 ha
Building footprint
6,373 m²
Parcel 36494D0087/00F002, Flanders. Linked by address, not a title deed.
12
companies at this address
See who is registered here
1 establishment unit
L.B.I.
since 19962.076.247.287
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36494D0087/00F002 | Flanders | 1.2 ha | 1 · 6,372 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.
Structure & network
Owners and holdings
1 ownerChain of control
- B.B.M. II
- L.B.I.
Highest known parent: B.B.M. II. The sources do not say who stands above it.
Owners 1
- B.B.M. IIparentSourceaccounts B.B.M. II 2025100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Similar companies · same sector, comparable size
KSINVESTCO
BE 0460.452.466
Pelt · Eq €605,012
BLACKSMITH JVS BVBA
BE 0712.861.413
Geel · Eq €647,964
GAME
BE 0425.867.612
Ingelmunster · Eq €594,725
POORTEN VERMEULEN
BE 0452.262.005
Tielt · Eq €653,147
L.D. SERVICE
BE 0474.871.715
Zulte · Eq €593,174
Of 981 companies in sector 25401 we hold annual accounts for 407. 275 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded30-03-1996
Fiscal year end31-12
Activities, NACEBEL 2025
25401Forging of metal
25530Machining of metals
25639Manufacture of fabricated metal products, except machinery and equipment
28940Manufacture of machinery and equipment not elsewhere classified
28960Manufacture of machinery and equipment not elsewhere classified
71121Engineering and related technical consultancy, excluding land surveyors
E-invoicing
Reachable via Peppol
Peppol ID
0208:0457579880
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.