Labor et Virtus
Open bankruptcyA bankruptcy procedure is open for Labor et Virtus according to publications in the Belgian State Gazette; curator: BERNARD POPYN.
Summary
The 2023 annual accounts show negative equity (€-159k) and a net result of €-43k.
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 31-12-2023 was due by 31-07-2024 and was filed on 25-10-2024, 86 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
86 d late
2022
452 d late
2021
817 d late
2020
1182 d late
2019
455 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Equity
€-159k▼ 30.2%
2022 · €-122k
2018: €10k
2019: €-9k
2020: €-70k
2021: €-116k
2022: €-122k
2018 → 2023
Total assets
€688▼ 98.9%
2022 · €63k
2018: €95k
2019: €79k
2020: €76k
2021: €68k
2022: €63k
2018 → 2023
Net result
€-43k▼ 624%
2022 · €-6k
2018: €5k
2019: €-19k
2020: €-61k
2021: €-46k
2022: €-6k
2018 → 2023
Working capital
€-159k▼ 4.4%
2022 · €-152k
2018: €4k
2019: €-19k
2020: €-88k
2021: €-133k
2022: €-152k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€-9k-€-70k▼ 661%€-116k▼ 65.4%€-122k▼ 5.1%€-159k▼ 30.2%
Operating result€-12k-€-45k▼ 282%€-45k▼ 0.6%€-15k▲ 67.5%€-40k▼ 175%
Net result€-19k-€-61k▼ 222%€-46k▲ 24.7%€-6k▲ 87.0%€-43k▼ 624%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €40k in 2023 against €15k in 2022; the loss grows.
Key figures and ratios
Debt
€159k▼
2022 · €184k
Debt ≤ 1 year
€159k▼
2022 · €184k
Staff costs
€1k▲
2022 · €1k
Ratios withheld: a balance sheet total of €688 is too small for a meaningful ratio.
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 · 2023 against 2022 · 42 lines
Balance sheet
Code20222023
Assets
Total assets20/58€63k€688▼
Fixed assets21/28€30k-
Intangible fixed assets21€6k-
Tangible fixed assets22/27€19k-
Furniture and vehicles24€966-
Other tangible fixed assets26€18k-
Financial fixed assets28€6k-
Current assets29/58€33k€688▼
Amounts receivable within one year40/41€1k-
Other amounts receivable41€1k-
Cash at bank and in hand54/58€31k€688▼
Equity and liabilities
Total equity and liabilities10/49€63k€688▼
Equity10/15€-122k€-159k▼
Contributions10/11€12k€19k▲
Capital10€12k-
Issued capital100€19k-
Uncalled capital101€6k-
Profit (loss) carried forward14€-134k€-177k▼
Amounts payable17/49€184k€159k▼
Amounts payable within one year42/48€184k€159k▼
Trade debts44€128k€80k▼
Suppliers440/4€128k€80k▼
Taxes, remuneration and social security45€33k€36k▲
Taxes450/3€32k€35k▲
Remuneration and social security454/9€630€630=
Other amounts payable47/48€24k€44k▲
Income statement
Code20222023
Goods, raw materials, services and sundry goods60/61€51k€30k▼
Remuneration, social security and pensions62€1k€1k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k-
Non-recurring operating charges66A-€30k
Gross operating margin9900€-12k€-8k▲
Operating profit (loss)9901€-15k€-40k▼
Financial income75/76B€14k-
Recurring financial income75€14k-
Non-recurring financial income76B€14k-
Financial charges65/66B€5k€3k▼
Recurring financial charges65€5k€3k▼
Profit (loss) for the period before taxes9903€-6k€-43k▼
Profit (loss) for the period9904€-6k€-43k▼
Profit (loss) for the period to be appropriated9905€-6k€-43k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-134k€-177k▼
Profit (loss) brought forward from the previous period14P€-128k€-134k▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
23-06
Bankruptcy
Opening
Tribunal de l’entreprise du Hainaut, division Mons · LABOR ET VIRTUS SPRL RUE SYLVAIN GUYAUX 12, 7100 LA LOUVIERE · event 15-06-2026
2024
25-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 86 days late
25-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 452 days late
25-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 817 days late
25-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 1182 days late
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 455 days late
23-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 632 days late
2020
31-12
Financial
Weakest financial yearnet €-61k
Net result drops to €-61k, the lowest in the series.
2018
01-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 62 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, La Louvière · 1 establishment unit since 2017
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 Sylvain Guyaux(L.L) 127100 La LouvièreGround area
245 m²
Building footprint
71 m²
Volume, LiDAR
1,027 m³
Parcel 55372D0039/00T003, Wallonia · tallest building 15.8 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Le Forst
since 20172.264.033.349
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55372D0039/00T003 | Wallonia | 245 m² | 1 · 71 m² | 15.8 m · 5 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | BERNARD POPYN RUE DE LA GRANDE TRIPERIE, 15,
7000 MONS- .
Date provisoire de cessation de paiement : 15/06/2026 |
15-06-2026 → present |
Recognitions · licences · registrations
Food safety, FASFC
1 siteLa Louvière2.264.033.349
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded09-05-2017
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:0486/983247