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La Différence

Active
Private limited companyfounded 200719 yrs activeMolsebaan 19, 2470 Retie, BelgiumKBO/BCE: BE 0888.431.908
Summary

La Différence has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €86,670 and a net result of €17,587. Its solvency ranks better than 51% of 16155 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Financials · fiscal year 2025, micro schema

Equity
€86,670
Total assets
€275,971
Net result
€17,587
Working capital
€5,280

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €275,971
Fixed assets €200,180
Current assets €75,792
Equity and liabilities €275,971
Equity €86,670
Debt €189,301
Debt finances 68.6% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€48,604
Cash flow
€32,797
Current ratio
1.07
Quick ratio
1.03
Debt to equity
2.18
ROE
20.3%
ROA
6.4%
Interest coverage
4.72
Debt ≤ 1 year
€70,512
Debt > 1 year
€118,789
Income taxes
€5,504
Staff costs
€83,676

Peer companies

Historical observation

Of the 34,695 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
3.9% stopped otherwise
95% still going

For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,471 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.8%
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 34,695 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
Filed annual accounts As filed with the NBB · 2025 · 53 lines
Balance sheet Code2025
Assets
Total assets20/58€275,971
Fixed assets21/28€200,180
Tangible fixed assets22/27€200,180
Land and buildings22€190,370
Plant, machinery and equipment23€6,664
Other tangible fixed assets26€3,145
Current assets29/58€75,792
Stocks and contracts in progress3€2,908
Stocks30/36€2,908
Amounts receivable within one year40/41€8,123
Trade receivables40€6,595
Other amounts receivable41€1,528
Cash at bank and in hand54/58€64,761
Equity and liabilities
Total equity and liabilities10/49€275,971
Equity10/15€86,670
Contributions10/11€500
Reserves13€53,131
Non-distributable reserves130/1€0
Reserves not available under the articles1311€0
Distributable reserves133€53,131
Profit (loss) carried forward14€33,039
Amounts payable17/49€189,301
Amounts payable after more than one year17€118,789
Financial debts170/4€118,789
Amounts payable within one year42/48€70,512
Current portion of amounts payable after more than one year42€14,473
Trade debts44€13,015
Suppliers440/4€13,015
Taxes, remuneration and social security45€42,834
Taxes450/3€25,236
Remuneration and social security454/9€17,599
Other amounts payable47/48€189
Accrued charges and deferred income492/3€0
Income statement Code2025
Remuneration, social security and pensions62€83,676
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15,210
Other operating charges640/8€1,511
Gross operating margin9900€133,791
Operating profit (loss)9901€33,394
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€10,304
Recurring financial charges65€10,304
Profit (loss) for the period before taxes9903€23,091
Income taxes67/77€5,504
Profit (loss) for the period9904€17,587
Profit (loss) for the period to be appropriated9905€17,587
Appropriation of the result
Profit (loss) to be appropriated9906€55,249
Profit (loss) brought forward from the previous period14P€37,662
Transfer from equity791/2€0
Transfer to equity691/2€0
To other reserves6921€0
Profit to be distributed694/7€22,210
Return on contributions (dividend)694€22,210

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Remuneration, social security and pensions62€83,676
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15,210
Other operating charges640/8€1,511
Gross operating margin9900€133,791
Operating profit (loss)9901€33,394
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€10,304
Recurring financial charges65€10,304
Profit (loss) for the period before taxes9903€23,091
Income taxes67/77€5,504
Profit (loss) for the period9904€17,587
Profit (loss) for the period to be appropriated9905€17,587
Line2025
Assets
Total assets20/58€275,971
Fixed assets21/28€200,180
Tangible fixed assets22/27€200,180
Land and buildings22€190,370
Plant, machinery and equipment23€6,664
Other tangible fixed assets26€3,145
Current assets29/58€75,792
Stocks and contracts in progress3€2,908
Stocks30/36€2,908
Amounts receivable within one year40/41€8,123
Trade receivables40€6,595
Other amounts receivable41€1,528
Cash at bank and in hand54/58€64,761
Equity and liabilities
Total equity and liabilities10/49€275,971
Equity10/15€86,670
Contributions10/11€500
Reserves13€53,131
Non-distributable reserves130/1€0
Reserves not available under the articles1311€0
Distributable reserves133€53,131
Profit (loss) carried forward14€33,039
Amounts payable17/49€189,301
Amounts payable after more than one year17€118,789
Financial debts170/4€118,789
Amounts payable within one year42/48€70,512
Current portion of amounts payable after more than one year42€14,473
Trade debts44€13,015
Suppliers440/4€13,015
Taxes, remuneration and social security45€42,834
Taxes450/3€25,236
Remuneration and social security454/9€17,599
Other amounts payable47/48€189
Accrued charges and deferred income492/3€0
Line2025
Profit (loss) for the period9904€17,587
+ Depreciation and write-downs630€15,210
Operating cash flow (approximation)€32,797

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Similar companies · same sector, comparable size

Of 21,850 companies in this sector we hold annual accounts for 9,980. 8,128 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Subsidies and aid

Flemish government

2022 · 1 entry · €2,000 awarded · €2,000 paid
Year Entries awardedpaid
2022 1 €2,000€2,000
Schemes
1 entry · €2,000 · €2,000 paid · Fonds voor Innoveren en Ondernemen