LABEL BOIS
InactiveLABEL BOIS was declared bankrupt on 20-07-2023 (Tribunal de l’entreprise de Liège, division Liège); the bankruptcy was closed by liquidation by judgment of 04-11-2025, published in the Belgian State Gazette on 10-11-2025.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline29-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 16-08-2022, 16 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
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
16 d late
2020
9 d late
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 19 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2021, micro schema
Equity
€73,756▲ 18.8%
2020 · €62,073
Total assets
€501,258▼ 16.1%
2020 · €597,462
Net result
€12,950▲ 498%
2020 · €2,165
Working capital
€107,121▲ 424%
2020 · €20,432
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2018201920202021
Operating result€35,438-€20,840▼ 41.2%€12,445▼ 40.3%€40,794▲ 228%
Net result€13,824-€7,171▼ 48.1%€2,165▼ 69.8%€12,950▲ 498%
Equity€55,273-€61,176▲ 10.7%€62,073▲ 1.5%€73,756▲ 18.8%
Total assets€591,797-€538,172▼ 9.1%€597,462▲ 11.0%€501,258▼ 16.1%
Debt€536,525-€476,996▼ 11.1%€535,388▲ 12.2%€427,502▼ 20.2%
Working capital-€17,372--€16,593▲ 4.5%€20,432€107,121▲ 424%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2021; 2021 is 228% above 2020 and is the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €493,502
Fixed assets
€45,048 ▼ 52.3%
Current assets
€448,454 ▼ 8.9%
Equity and liabilities €501,258
Equity
€73,756 ▲ 18.8%
Debt
€427,502 ▼ 20.2%
Debt's share of the balance-sheet total falls from 89.6% to 85.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€49,558▲
2020 · €24,829
Cash flow
€21,715▲
2020 · €14,549
Current ratio
1.31▲
2020 · 1.04
Quick ratio
0.25▲
2020 · 0.19
Debt to equity
5.80▲
2020 · 1.02
ROE
17.6%▲
2020 · 3.5%
ROA
2.6%▲
2020 · 0.4%
Interest coverage
2.72
Debt ≤ 1 year
€341,333▼
2020 · €471,976
Debt > 1 year
€86,169▲
2020 · €63,413
Income taxes
€10,783▲
2020 · €929
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,139 | €8,942 | €12,384 | €8,764 | ▼ 29.2% |
| Other operating charges640/8 | - | - | - | €348 | - |
| Non-recurring operating charges66A | - | - | - | €0 | - |
| Gross operating margin9900 | €55,577 | €31,721 | €25,176 | €49,905 | ▲ 98.2% |
| Operating profit (loss)9901 | €35,438 | €20,840 | €12,445 | €40,794 | ▲ 228% |
| Financial income75/76B | - | - | - | €1,268 | - |
| Recurring financial income75 | €1,523 | €2,235 | €3,277 | €1,268 | ▼ 61.3% |
| Financial charges65/66B | - | - | - | €18,328 | - |
| Recurring financial charges65 | €15,481 | €7,314 | €12,628 | €18,195 | ▲ 44.1% |
| Non-recurring financial charges66B | - | - | - | €133 | - |
| Profit (loss) for the period before taxes9903 | €21,480 | €15,760 | €3,094 | €23,733 | ▲ 667% |
| Income taxes67/77 | €7,655 | €8,590 | €929 | €10,783 | ▲ 1,061% |
| Profit (loss) for the period9904 | €13,824 | €7,171 | €2,165 | €12,950 | ▲ 498% |
| Profit (loss) for the period to be appropriated9905 | €13,824 | €7,171 | €2,165 | €12,950 | ▲ 498% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €591,797 | €538,172 | €597,462 | €501,258 | ▼ 16.1% |
| Formation expenses20 | - | €13,407 | €10,581 | €7,756 | ▼ 26.7% |
| Fixed assets21/28 | €89,833 | €64,362 | €94,473 | €45,048 | ▼ 52.3% |
| Tangible fixed assets22/27 | €89,833 | €64,362 | €94,473 | €45,048 | ▼ 52.3% |
| Land and buildings22 | - | - | - | €44,880 | - |
| Furniture and vehicles24 | - | - | - | €168 | - |
| Current assets29/58 | €501,964 | €460,403 | €492,408 | €448,454 | ▼ 8.9% |
| Stocks and contracts in progress3 | €363,193 | €373,391 | €401,815 | €363,193 | ▼ 9.6% |
| Stocks30/36 | - | - | - | €363,193 | - |
| Amounts receivable within one year40/41 | €138,765 | €87,007 | €90,538 | €51,774 | ▼ 42.8% |
| Trade receivables40 | - | - | - | €26,051 | - |
| Other amounts receivable41 | - | - | - | €25,723 | - |
| Cash at bank and in hand54/58 | €6 | €5 | €55 | €33,487 | ▲ 60,951% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €591,797 | €538,172 | €597,462 | €501,258 | ▼ 16.1% |
| Equity10/15 | €55,273 | €61,176 | €62,073 | €73,756 | ▲ 18.8% |
| Contributions10/11 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Capital10 | - | - | - | €61,973 | - |
| Issued capital100 | - | - | - | €61,973 | - |
| Profit (loss) carried forward14 | -€20,324 | -€13,153 | -€10,988 | €1,963 | ▲ 118% |
| Investment grants15 | - | - | - | €9,821 | - |
| Amounts payable17/49 | €536,525 | €476,996 | €535,388 | €427,502 | ▼ 20.2% |
| Amounts payable after more than one year17 | €17,188 | - | €63,413 | €86,169 | ▲ 35.9% |
| Financial debts170/4 | - | - | - | €86,169 | - |
| Amounts payable within one year42/48 | €519,336 | €476,996 | €471,976 | €341,333 | ▼ 27.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €32,584 | - |
| Financial debts43 | - | - | - | €25,000 | - |
| Credit institutions430/8 | - | - | - | €25,000 | - |
| Trade debts44 | €46,187 | €35,181 | €43,113 | €54,115 | ▲ 25.5% |
| Suppliers440/4 | - | - | - | €54,115 | - |
| Advances received on contracts in progress46 | - | - | - | €11,515 | - |
| Taxes, remuneration and social security45 | - | - | - | €21,619 | - |
| Taxes450/3 | - | - | - | €21,619 | - |
| Other amounts payable47/48 | - | - | - | €196,501 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,824 | €7,171 | €2,165 | €12,950 | ▲ 498% |
| + Depreciation and write-downs630 | €20,139 | €8,942 | €12,384 | €8,764 | ▼ 29.2% |
| Operating cash flow (approximation) | €33,964 | €16,112 | €14,549 | €21,715 | ▲ 49.3% |
| Investment in fixed assets (approximation) | - | €16,529 | -€42,495 | €40,660 | ▲ 196% |
| Change in cash | - | -€1 | €50 | €33,432 | ▲ 66,965% |
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
10-11
Bankruptcy
Bankruptcy closure (by liquidation)
Tribunal de l’entreprise de Liège, division Liège · event 04-11-2025
2023
27-07
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · event 20-07-2023
2022
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 16 days late
2021
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 9 days late
2020
31-12
Financial
Weakest financial yearnet €2,165 ▼69.8%
Net result drops to €2,165, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 21 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 26 days late
2015
13-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 13 days late
2014
22-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 22 days late
2013
25-06
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | MURIEL BILLEN CHAUSSEE DE LIEGE 14, 4500 HUY- |
20-07-2023 → 04-11-2025 |