L.D.N. SERVICES
ActiveL.D.N. SERVICES has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €92k and a net result of €-37k. Equity is shrinking by ~8.8% per year across the filed fiscal years. Its solvency ranks better than 43% of 6974 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
52
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency71▼-11
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity short (current ratio 0.72 against 1.59 in 2024; short-term debt: 29.7% and cash: 13.6% of total assets), and 54.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
45.7%
Return on assets
-18.6%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
18192021232425
2018 to 2025 · latest year €-37k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 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
24 d late
2024
28 d late
2023
1 d late
2021
18 d late
2020
12 d late
2019
67 d late
2018
15 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-37k▲ 20.4%
2024 · €-47k
2018: €31k
2019: €-15k
2020: €-63k
2021: €-4k
2023: €66k
2024: €-47k
2018 → 2025
Working capital
€-17k
2024 · €24k
2018: €163k
2019: €152k
2020: €93k
2021: €89k
2023: €121k
2024: €24k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202320242025Trend
Equity€120k-€115k▼ 3.6%€176k▲ 52.8%€129k▼ 26.6%€92k▼ 28.9%
Operating result€-62k-€-4k▲ 94.0%€66k€-46k€-34k▲ 24.5%
Net result€-63k-€-4k▲ 93.1%€66k€-47k€-37k▲ 20.4%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €34k in 2025 against €46k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €201k
Fixed assets
€158k▼ 1.5%
Current assets
€43k▼ 34.5%
Equity and liabilities €201k
Equity
€92k▼ 28.9%
Debt
€109k▲ 12.7%
The debt ratio rises from 42.9% to 54.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-11k▲
2024 · €-24k
Cash flow
€-14k▲
2024 · €-26k
Solvency
45.7%▼
2024 · 57.1%
Current ratio
0.72▼
2024 · 1.59
Quick ratio
0.65▼
2024 · 1.37
Debt / equity
1.19▲
2024 · 0.75
ROE
-40.7%▼
2024 · -36.3%
ROA
-18.6%▲
2024 · -20.7%
Interest coverage
-4.06▲
2024 · -15.53
Debt
€109k▲
2024 · €97k
Debt ≤ 1 year
€60k▲
2024 · €41k
Debt > 1 year
€49k▼
2024 · €56k
Income taxes
€443▼
2024 · €554
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€226k€201k▼
Fixed assets21/28€161k€158k▼
Tangible fixed assets22/27€160k€158k▼
Land and buildings22€112k€127k▲
Plant, machinery and equipment23€4k€2k▼
Furniture and vehicles24€45k€29k▼
Financial fixed assets28€410€410=
Current assets29/58€66k€43k▼
Stocks and contracts in progress3€9k€4k▼
Stocks30/36€9k€4k▼
Amounts receivable within one year40/41€6k€4k▼
Trade receivables40€2k€2k▼
Other amounts receivable41€4k€2k▼
Cash at bank and in hand54/58€43k€27k▼
Deferred charges and accrued income490/1€8k€7k▼
Equity and liabilities
Total equity and liabilities10/49€226k€201k▼
Equity10/15€129k€92k▼
Contributions10/11€19k€19k=
Reserves13€179k€179k=
Distributable reserves133€179k€179k=
Profit (loss) carried forward14€-68k€-105k▼
Amounts payable17/49€97k€109k▲
Amounts payable after more than one year17€56k€49k▼
Financial debts170/4€56k€49k▼
Amounts payable within one year42/48€41k€60k▲
Current portion of amounts payable after more than one year42€11k€6k▼
Trade debts44€7k€3k▼
Suppliers440/4€7k€3k▼
Taxes, remuneration and social security45€3k€5k▲
Taxes450/3€386€878▲
Remuneration and social security454/9€3k€4k▲
Other amounts payable47/48€20k€46k▲
Accrued charges and deferred income492/3€25€21▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€24k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€-22k€-9k▲
Operating profit (loss)9901€-46k€-34k▲
Financial income75/76B€730€122▼
Recurring financial income75€730€122▼
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€-46k€-37k▲
Income taxes67/77€554€443▼
Profit (loss) for the period9904€-47k€-37k▲
Profit (loss) for the period to be appropriated9905€-47k€-37k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-68k€-105k▼
Profit (loss) brought forward from the previous period14P€-21k€-68k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
01-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 1 day late
2023
31-12
Financial
Back to profitnet €66k
Net result €66k after 3 loss-making years.
31-12
Financial
Equity above €150kEq €176k ▲52.8%
Equity rises from €115k to €176k.
2022
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 18 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 6.99
Current ratio from 3.02 to 6.99; short-term debt falls from €46k to €15k.
12-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 12 days late
2020
31-12
Financial
Weakest financial yearnet €-63k
Net result drops to €-63k, the lowest in the series; recovery starts the following year.
06-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 67 days late
2019
15-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 15 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Courcelles · 1 establishment unit since 2004
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue Albert Daxhelet(ST) 476182 CourcellesGround area
302 m²
Building footprint
46 m²
Volume, LiDAR
299 m³
Parcel 52064B0747/00R002, Wallonia · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
L.D.N. Services
since 20042.135.353.941
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52064B0747/00R002 | Wallonia | 302 m² | 1 · 46 m² | 9.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
BUILD AND LINK
BE 0737.780.515
Doische · Eq €92k
ADMOVEA
BE 0630.916.308
Fleurus · Eq €92k
Veroscopo
BE 0893.028.619
Lummen · Eq €92k
NEP AGENCY
BE 0792.994.794
Ukkel · Eq €92k
CHROME AGENCY
BE 0462.041.484
Sint-Pieters-Woluwe · Eq €93k
Of 9,857 companies in sector 73110 we hold annual accounts for 3,754. 3,035 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-12-2003
Fiscal year end31-12
Activities, NACEBEL
73110Advertising agencies
74401
43320Joinery installation
43341Painting of buildings
43350Other building finishing work
43410Roofing work
43990Other specialised construction activities
43999Specialised construction activities
45220
45250
45422
45441
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.