LABELGE
Open bankruptcyA bankruptcy procedure is open for LABELGE according to publications in the Belgian State Gazette; curator: XAVIER VAN GILS.
Summary
The 2024 annual accounts show negative equity (€-65k) and a net result of €-9k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 30-06-2024 was due by 31-01-2025 and was filed on 05-02-2025, 5 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 · 4 filingsDeviation from the deadline
2025
not filed
2024
5 d late
2023
on the day
2022
91 d late
2021
on the day
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-9k▲ 88.2%
2023 · €-73k
2021: €23khighest in 4 years
2022: €-49k▼ -311% vs 2021
2023: €-73k▼ -48.0% vs 2022lowest in 4 years
2024: €-9k▲ +88.2% vs 2023
2021 → 2024
Working capital
€-59k▼ 135%
2023 · €-25k
2021: €38khighest in 4 years
2022: €-7k▼ -118% vs 2021
2023: €-25k▼ -253% vs 2022
2024: €-59k▼ -135% vs 2023lowest in 4 years
2021 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€28k-€-21k€-50k▼ 139%€-65k▼ 28.5%
2021: €28khighest in 4 years
2022: €-21k▼ -174% vs 2021
2023: €-50k▼ -139% vs 2022
2024: €-65k▼ -28.5% vs 2023lowest in 4 years
Operating result€33k-€-44k€-67k▼ 51.9%€-4k▲ 94.5%
2021: €33khighest in 4 years
2022: €-44k▼ -233% vs 2021
2023: €-67k▼ -51.9% vs 2022lowest in 4 years
2024: €-4k▲ +94.5% vs 2023
Net result€23k-€-49k€-73k▼ 48.0%€-9k▲ 88.2%
2021: €23khighest in 4 years
2022: €-49k▼ -311% vs 2021
2023: €-73k▼ -48.0% vs 2022lowest in 4 years
2024: €-9k▲ +88.2% vs 2023
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €4k in 2024 against €67k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €121k
Fixed assets
€5k ▼ 40.7%
Current assets
€116k ▼ 17.6%
Key figures and ratios
EBITDA
€241▲
2023 · €-62k
Cash flow
€-5k▲
2023 · €-68k
Solvency
-53.2%▼
2023 · -33.6%
Current ratio
0.66▼
2023 · 0.85
Quick ratio
0.34▼
2023 · 0.45
Debt to equity
-2.88▲
2023 · -3.98
ROA
-7.1%▲
2023 · -48.9%
Interest coverage
0.02▲
2023 · -6.28
Debt
€186k▼
2023 · €200k
Debt ≤ 1 year
€175k▲
2023 · €166k
Debt > 1 year
€11k▼
2023 · €34k
Income taxes
€-5k
Staff costs
€37▼
2023 · €62k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 50 lines
Balance sheet
Code20232024
Assets
Total assets20/58€150k€121k▼
Fixed assets21/28€8k€5k▼
Intangible fixed assets21€3k€2k▼
Tangible fixed assets22/27€6k€3k▼
Furniture and vehicles24€6k€681▼
Other tangible fixed assets26-€2k
Financial fixed assets28€175€175=
Current assets29/58€141k€116k▼
Amounts receivable after more than one year29€14k-
Trade receivables290€14k-
Stocks and contracts in progress3€66k€58k▼
Stocks30/36€66k€58k▼
Amounts receivable within one year40/41€58k€58k▲
Trade receivables40€409€42k▲
Other amounts receivable41€57k€16k▼
Cash at bank and in hand54/58€4k€757▼
Deferred charges and accrued income490/1€42-
Equity and liabilities
Total equity and liabilities10/49€150k€121k▼
Equity10/15€-50k€-65k▼
Contributions10/11€5k€5k=
Profit (loss) carried forward14€-55k€-70k▼
Amounts payable17/49€200k€186k▼
Amounts payable after more than one year17€34k€11k▼
Financial debts170/4€34k€11k▼
Amounts payable within one year42/48€166k€175k▲
Current portion of amounts payable after more than one year42-€11k
Financial debts43€101k€100k▼
Credit institutions430/8€101k€100k▼
Trade debts44€29k€32k▲
Suppliers440/4€29k€32k▲
Taxes, remuneration and social security45€30k€1k▼
Taxes450/3€30k€1k▼
Other amounts payable47/48€7k€31k▲
Income statement
Code20232024
Remuneration, social security and pensions62€62k€37▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€4k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€3k-
Other operating charges640/8€1k€1k▲
Gross operating margin9900€5k€2k▼
Operating profit (loss)9901€-67k€-4k▲
Financial income75/76B€4k€1k▼
Recurring financial income75€4k€1k▼
Financial charges65/66B€10k€11k▲
Recurring financial charges65€10k€11k▲
Profit (loss) for the period before taxes9903€-73k€-14k▲
Income taxes67/77-€-5k
Profit (loss) for the period9904€-73k€-9k▲
Profit (loss) for the period to be appropriated9905€-73k€-9k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-55k€-70k▼
Profit (loss) brought forward from the previous period14P€18k€-61k▼
Social balance
Average headcount (FTE)908762,254.8-
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €70k | €62k | €37 | ▼ 99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €5k | €5k | €4k | ▼ 25.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €3k | - | - |
| Other operating charges640/8 | - | €708 | €1k | €1k | ▲ 27.2% |
| Gross operating margin9900 | €91k | €32k | €5k | €2k | ▼ 66.2% |
| Operating profit (loss)9901 | €33k | €-44k | €-67k | €-4k | ▲ 94.5% |
| Financial income75/76B | - | €710 | €4k | €1k | ▼ 72.5% |
| Recurring financial income75 | €1k | €710 | €4k | €1k | ▼ 72.5% |
| Financial charges65/66B | - | €6k | €10k | €11k | ▲ 16.3% |
| Recurring financial charges65 | €1k | €6k | €10k | €11k | ▲ 16.3% |
| Profit (loss) for the period before taxes9903 | €33k | €-49k | €-73k | €-14k | ▲ 80.7% |
| Income taxes67/77 | €10k | €385 | - | €-5k | - |
| Profit (loss) for the period9904 | €23k | €-49k | €-73k | €-9k | ▲ 88.2% |
| Profit (loss) for the period to be appropriated9905 | €23k | €-49k | €-73k | €-9k | ▲ 88.2% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €190k | €218k | €150k | €121k | ▼ 18.9% |
| Fixed assets21/28 | €13k | €13k | €8k | €5k | ▼ 40.7% |
| Intangible fixed assets21 | - | €3k | €3k | €2k | ▼ 14.7% |
| Tangible fixed assets22/27 | €13k | €10k | €6k | €3k | ▼ 54.2% |
| Furniture and vehicles24 | - | €5k | €6k | €681 | ▼ 87.8% |
| Other tangible fixed assets26 | - | €5k | - | €2k | - |
| Financial fixed assets28 | €175 | €175 | €175 | €175 | = |
| Current assets29/58 | €176k | €205k | €141k | €116k | ▼ 17.6% |
| Amounts receivable after more than one year29 | - | €14k | €14k | - | - |
| Trade receivables290 | - | €14k | €14k | - | - |
| Stocks and contracts in progress3 | €73k | €116k | €66k | €58k | ▼ 13.1% |
| Stocks30/36 | - | €116k | €66k | €58k | ▼ 13.1% |
| Amounts receivable within one year40/41 | €89k | €67k | €58k | €58k | ▲ 0.3% |
| Trade receivables40 | - | €52k | €409 | €42k | ▲ 10,257% |
| Other amounts receivable41 | - | €15k | €57k | €16k | ▼ 72.8% |
| Cash at bank and in hand54/58 | - | €7k | €4k | €757 | ▼ 78.7% |
| Deferred charges and accrued income490/1 | - | €865 | €42 | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €190k | €218k | €150k | €121k | ▼ 18.9% |
| Equity10/15 | €28k | €-21k | €-50k | €-65k | ▼ 28.5% |
| Contributions10/11 | - | €5k | €5k | €5k | = |
| Profit (loss) carried forward14 | €23k | €-26k | €-55k | €-70k | ▼ 25.9% |
| Amounts payable17/49 | €161k | €239k | €200k | €186k | ▼ 7.0% |
| Amounts payable after more than one year17 | €12k | €27k | €34k | €11k | ▼ 67.7% |
| Financial debts170/4 | - | €27k | €34k | €11k | ▼ 67.7% |
| Amounts payable within one year42/48 | €138k | €212k | €166k | €175k | ▲ 5.3% |
| Current portion of amounts payable after more than one year42 | - | €12k | - | €11k | - |
| Financial debts43 | - | €79k | €101k | €100k | ▼ 0.8% |
| Credit institutions430/8 | - | €79k | €101k | €100k | ▼ 0.8% |
| Trade debts44 | €87k | €108k | €29k | €32k | ▲ 11.2% |
| Suppliers440/4 | - | €108k | €29k | €32k | ▲ 11.2% |
| Taxes, remuneration and social security45 | - | €13k | €30k | €1k | ▼ 95.7% |
| Taxes450/3 | - | €10k | €30k | €1k | ▼ 95.7% |
| Remuneration and social security454/9 | - | €3k | - | - | - |
| Other amounts payable47/48 | - | - | €7k | €31k | ▲ 345% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23k | €-49k | €-73k | €-9k | ▲ 88.2% |
| + Depreciation and write-downs630 | €3k | €5k | €5k | €4k | ▼ 25.6% |
| Operating cash flow (approximation) | €26k | €-45k | €-68k | €-5k | ▲ 93.0% |
| Investment in fixed assets (approximation) | - | €-5k | €-385 | €-500 | ▼ 29.8% |
| Change in cash | - | - | €-4k | €-3k | ▲ 26.1% |
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
14-05
Bankruptcy
Opening
Tribunal de l’entreprise du Brabant wallon · event 08-05-2025
05-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 5 days late
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-06
Financial
Weakest financial yearnet €-73k
Net result drops to €-73k, the lowest in the series.
02-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 91 days late
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Braine-le-Château · 1 establishment unit since 2020
Ground area
3,603 m²
Building footprint
1,475 m²
Volume, LiDAR
9,479 m³
Parcel 25111A0594/00P003, Wallonia · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Labelge
since 20202.307.174.197
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25111A0594/00P003 | Wallonia | 3,602 m² | 1 · 1,475 m² | 9.2 m · 2 fl. |
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | XAVIER VAN GILS AVENUE REINE ASTRID 10,
1330 RIXENSART |
08-05-2025 → present |
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Of 1,639 companies in sector 46170 we hold annual accounts for 670. 443 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded17-07-2020
Fiscal year end30-06
Activities, NACEBEL 2025
46170Agents in the wholesale of food, beverages and tobacco
46180Agents specialised in the wholesale of other particular products
46389Wholesale of other food products
47120Other non-specialised retail sale
Contact
Scores and ratios are computed by Checked and are not a credit decision.