L.SHIPPING
ActiveL.SHIPPING has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-38k) and a net result of €8k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 80 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
42
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability38▲+38
Solvency12▲+6
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.88 against 0.83 in 2024; short-term debt: 113.1% and cash: 0.8% of total assets), and equity is negative.
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 50
Relative position
BE, all sectors
reference
Sector 50
lower
← fewer bankruptcies
more bankruptcies →
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
-13.1%
Return on assets
2.9%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 80 sector peers (2025).
NBB · sector comparisonPosition among 80 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 03-02-2026, 3 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
3 d late
2024
3 d early
2023
1 d late
2022
1 d late
2021
14 d late
2020
28 d late
2019
17 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close17-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-38k▲ 18.4%
2024 · €-46k
2019: €47k
2020: €11k
2021: €18k
2022: €18k
2023: €16k
2024: €-46k
2019 → 2025
Total assets
€287k▲ 21.8%
2024 · €236k
2019: €672k
2020: €583k
2021: €550k
2022: €519k
2023: €448k
2024: €236k
2019 → 2025
Net result
€8k
2024 · €-61k
2019: €-23k
2020: €-36k
2021: €7k
2022: €134
2023: €-2k
2024: €-61k
2019 → 2025
Working capital
€-38k▲ 19.5%
2024 · €-47k
2019: €43k
2020: €92k
2021: €87k
2022: €53k
2023: €21k
2024: €-47k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€18k-€18k▲ 0.8%€16k▼ 12.4%€-46k€-38k▲ 18.4%
Operating result€27k-€10k▼ 63.0%€13k▲ 31.3%€-44k€17k
Net result€7k-€134▼ 98.0%€-2k€-61k▼ 2,702%€8k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €17k after a loss of €44k in 2024.
Key figures and ratios
EBITDA
€18k▲
2024 · €-42k
Cash flow
€9k▲
2024 · €-60k
Solvency
-13.1%▲
2024 · -19.5%
Current ratio
0.88▲
2024 · 0.83
Quick ratio
0.88▲
2024 · 0.83
Debt / equity
-8.66▼
2024 · -6.13
ROA
2.9%▲
2024 · -26.1%
Interest coverage
1.87▲
2024 · -2.22
Debt
€325k▲
2024 · €282k
Debt ≤ 1 year
€325k▲
2024 · €282k
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€236k€287k▲
Fixed assets21/28€875-
Tangible fixed assets22/27€875-
Furniture and vehicles24€875-
Current assets29/58€235k€287k▲
Amounts receivable within one year40/41€231k€284k▲
Trade receivables40€210k€256k▲
Other amounts receivable41€21k€28k▲
Cash at bank and in hand54/58€2k€2k▼
Deferred charges and accrued income490/1€1k€1k▼
Equity and liabilities
Total equity and liabilities10/49€236k€287k▲
Equity10/15€-46k€-38k▲
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-54k€-46k▲
Amounts payable17/49€282k€325k▲
Amounts payable within one year42/48€282k€325k▲
Current portion of amounts payable after more than one year42€8k-
Financial debts43€100k€100k=
Credit institutions430/8€100k€100k=
Trade debts44€54k€92k▲
Suppliers440/4€54k€92k▲
Advances received on contracts in progress46€91k€91k=
Taxes, remuneration and social security45€2k€1k▼
Taxes450/3€2k€1k▼
Other amounts payable47/48€27k€40k▲
Accrued charges and deferred income492/3€216-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€875▼
Other operating charges640/8€14k€534▼
Gross operating margin9900€-28k€18k▲
Operating profit (loss)9901€-44k€17k▲
Financial income75/76B€1k€1k▼
Recurring financial income75€1k€1k▼
Financial charges65/66B€19k€9k▼
Recurring financial charges65€19k€9k▼
Profit (loss) for the period before taxes9903€-61k€8k▲
Income taxes67/77€0-
Profit (loss) for the period9904€-61k€8k▲
Profit (loss) for the period to be appropriated9905€-61k€8k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-54k€-46k▲
Profit (loss) brought forward from the previous period14P€7k€-54k▼
The notes to these accounts (4 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
03-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 3 days late
2025
30-06
Financial
Back to profitnet €8k
Net result €8k after 2 loss-making years.
28-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Weakest financial yearnet €-61k
Net result drops to €-61k, the lowest in the series; recovery starts the following year.
01-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 1 day late
2023
01-02
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 1 day late
2022
14-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 14 days late
2021
30-06
Financial
Back to profitnet €7k
Net result €7k after 2 loss-making years.
28-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 28 days late
2020
14-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
28-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2018
19-02
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 19 days late
2017
25-01
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.
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, Brugge · 1 establishment unit since 2002
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.
Bossuytlaan 508310 BruggeGround area
337 m²
Building footprint
137 m²
Volume, LiDAR
766 m³
Parcel 31002A0226/00P003, Flanders · tallest building 10.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Bossuytlaan 50, 8310 Brugge
since 20022.115.664.327
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31002A0226/00P003 | Flanders | 337 m² | 1 · 137 m² | 10.2 m · 1 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.
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CARROSSERIE FREDDY MOUREAU
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GARAGE DE L' OBUS
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Of 3,788 companies in sector 50200 we hold annual accounts for 2,185. 671 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded01-12-1999
Fiscal year end30-06
Activities, NACEBEL
50200Water transport
61100Wired, wireless and satellite telecommunications
52250Logistics services
52290Warehousing and support activities for transportation
63405
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.