LB Concept
ActiveSummary
The computed 12-month bankruptcy probability of LB Concept is 2.2% (moderate). The 2024 annual accounts show equity of €66,460 and a net result of €35,892. Equity has been growing by about 63% per year since 2020. Its solvency ranks better than 18% of 37,587 sector peers (NACE 70, financial year 2024). The company has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 17-06-2020 Normal situation
- Activity
- Business and other management consultancy NACE 70200and 1 other
- Establishment unit
- 2.304.290.725 5590 Ciney, since 01-08-2020
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Board and ownership
Board
- Bourton EmilieDirector · since 17-06-2020
- Holdings
- Shares in 2 companies BOURTON CONSULTING GROUP and MD Assurances
Financial position
- Bankruptcy probabilitywithin 12 months
- 2.2%
Annual accounts 2024
- Gross margin
- €10,781
- ▲ 1.8%
- Turnover
- ≈ €50,000
- estimated
- Profit
- €35,892
- ▲ 41×
- Equity
- €66,460
- ▲ 117%
- Total assets
- €431,165
- ▼ 0.1%
- 2025 accounts not filed, 96 days past the deadline
Score breakdownraises riskFigures for financial year 2024 (filed on 29-08-2025)Liquidity: current ratio 0.01lowers riskSector: Activities of head offices; management consultancy activities (NACE 70)Size: total assets €431,165Show the evidence
Checked score
Score 2024
53
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 42% of micro companies in head offices and management consultancy (NACE 70)
Financial strength · tick: 2023
Average
Solvency
40+8
equity 15.4% of total assets
Liquidity
49-3
short-term debt 51.2%
Profitability
58+20
return on assets 8.3%
Bankruptcy probability within 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.6%
01-2025: 1.6%● unchanged vs 12-2024
02-2025: 1.6%● unchanged vs 01-2025
03-2025: 1.6%● unchanged vs 02-2025
04-2025: 1.5%▼ -0.1 percentage points vs 03-2025
05-2025: 1.6%▲ +0.1 percentage points vs 04-2025
06-2025: 1.6%● unchanged vs 05-2025
07-2025: 1.6%● unchanged vs 06-2025
08-2025: 2.2%▲ +0.6 percentage points vs 07-2025
09-2025: 1.5%▼ -0.7 percentage points vs 08-2025
10-2025: 1.5%● unchanged vs 09-2025
11-2025: 1.5%● unchanged vs 10-2025
12-2025: 1.5%● unchanged vs 11-2025
01-2026: 1.5%● unchanged vs 12-2025
02-2026: 1.5%● unchanged vs 01-2026
03-2026: 1.5%● unchanged vs 02-2026
04-2026: 1.4%▼ -0.1 percentage points vs 03-2026
05-2026: 1.5%▲ +0.1 percentage points vs 04-2026
06-2026: 1.3%▼ -0.2 percentage points vs 05-2026
07-2026: 1.3%● unchanged vs 06-2026lowest value
08-2026: 1.9%▲ +0.6 percentage points vs 07-2026
09-2026: 2.5%▲ +0.6 percentage points vs 08-2026highest value
10-2026: 2.2%▼ -0.3 percentage points vs 09-2026
11-2026: 2.2%● unchanged vs 10-2026
Credit of up to €3,500 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity is insufficient, with a current ratio of 0.01 (0.01 in 2023), below 1. Short-term debt is 51.2% of total assets. 84.6% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 20% of them on solvency, 29% on liquidity, 26% on profitability and 91% on growth.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 37587 sector peers (2024).
NBB · sector comparisonPosition among 37587 sector peers
Solvency
better than 18%
← weakest
strongest →
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 96 days later.
NBB · 5 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline04-11-2026 today
raises risk · 2024 accounts filed 29 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 5 filingsDeviation from the deadline
2025
not filed
2024
29 days late
2023
30 days late
2022
31 days late
2021
31 days late
2020
31 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 30 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (1)
Financials
Financials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 4 November 2026.
Annual accounts 2024 filed on 29-08-2025 PDF all 5 filings
Turnover
≈ €50,000
Estimated: probably between €24,000 and €100,000
Total assets
€431,165▼ 0.1%
2023 · €431,762
Net result
€35,892▲ 41×
2023 · €873
Working capital
-€219,534▼ 6.2%
2023 · -€206,749
Multi-year overview
2020 to 2024, 5 financial yearsOperating result
€10,396
▼ 1.5%
2024
20202024
Net result
€35,892
▲ 41×
2024
middle half of the sector
20202024
Equity
€66,460
▲ 117%
2024
middle half of the sector
20202024
Total assets
€431,165
▼ 0.1%
2024
middle half of the sector
20202024
Debt
€364,704
▼ 9.1%
2024
20202024
Working capital
-€219,534
▼ 6.2%
2024
lowest quarter of the sector
20202024
Solvency
15.4%
▲ 8.3pp
2024
lowest quarter of the sector
20202024
Current ratio
0.01
=
2024
lowest quarter of the sector
20202024
Return on assets (ROA)
8.3%
▲ 8.1pp
2024
middle half of the sector
20202024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20202021202220232024
Operating result€4,317-€2,246▼ 48.0%€8,010▲ 257%€10,552▲ 31.7%€10,396▼ 1.5%
Net result€2,458within the sector's middle half-€24,576within the sector's middle half▲ 900%-€340below the sector's middle half€873below the sector's middle half€35,892within the sector's middle half▲ 41×
Equity€5,458below the sector's middle half-€30,035within the sector's middle half▲ 450%€29,695within the sector's middle half▼ 1.1%€30,568within the sector's middle half▲ 2.9%€66,460within the sector's middle half▲ 117%
Total assets€132,895within the sector's middle half-€139,743within the sector's middle half▲ 5.2%€437,350within the sector's middle half▲ 213%€431,762within the sector's middle half▼ 1.3%€431,165within the sector's middle half▼ 0.1%
Debt€127,437-€109,708▼ 13.9%€407,655▲ 272%€401,195▼ 1.6%€364,704▼ 9.1%
Working capital-€19,340below the sector's middle half--€11,205below the sector's middle half▲ 42.1%-€157,354below the sector's middle half▼ 1,304%-€206,749below the sector's middle half▼ 31.4%-€219,534below the sector's middle half▼ 6.2%
Solvency4.1%below the sector's middle half-21.5%below the sector's middle half▲ 17.4pp6.8%below the sector's middle half▼ 14.7pp7.1%below the sector's middle half▲ 0.3pp15.4%below the sector's middle half▲ 8.3pp
Current ratio0.13below the sector's middle half-0.47below the sector's middle half▲ 0.330.04below the sector's middle half▼ 0.420.01below the sector's middle half▼ 0.040.01below the sector's middle half=
Return on assets (ROA)1.8%within the sector's middle half-17.6%within the sector's middle half▲ 15.7pp-0.1%below the sector's middle half▼ 17.7pp0.2%below the sector's middle half▲ 0.3pp8.3%within the sector's middle half▲ 8.1pp
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2024 is 1% lower than in 2023.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €431,165
Fixed assets
€430,000 =
Current assets
€1,165 ▼ 33.9%
Equity and liabilities €431,165
Equity
€66,460 ▲ 117%
Debt
€364,704 ▼ 9.1%
Debt's share of the balance-sheet total falls from 92.9% to 84.6%. Equity is higher and debt is lower.
Key figures and ratios
Debt to equity
5.49▼
2023 · 13.12
ROE
54.0%▲
2023 · 2.9%
Debt ≤ 1 year
€220,699▲
2023 · €208,511
Debt > 1 year
€144,006▼
2023 · €192,683
Income taxes
€1,231▲
2023 · €218
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Pledge on other assets, amount secured | - | €130,000 | €130,000 | - |
| Carrying value of the other pledged assets | - | €130,000 | €130,000 | - |
Source: notes to the 2021 to 2024 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Financial fixed assets | - | €300,000 | - | - |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €42 | €384 | ▲ 807% |
| Gross operating margin9900 | €4,317 | €2,246 | €8,010 | €10,594 | €10,781 | ▲ 1.8% |
| Operating profit (loss)9901 | €4,317 | €2,246 | €8,010 | €10,552 | €10,396 | ▼ 1.5% |
| Financial income75/76B | - | €25,000 | - | - | €32,642 | - |
| Recurring financial income75 | - | €25,000 | - | - | €32,642 | - |
| Financial charges65/66B | - | €2,671 | €8,350 | €9,461 | €5,915 | ▼ 37.5% |
| Recurring financial charges65 | €1,037 | €2,671 | €8,350 | €9,461 | €5,915 | ▼ 37.5% |
| Profit (loss) for the period before taxes9903 | €3,279 | €24,575 | -€340 | €1,091 | €37,123 | ▲ 34× |
| Income taxes67/77 | €821 | -€1 | - | €218 | €1,231 | ▲ 465% |
| Profit (loss) for the period9904 | €2,458 | €24,576 | -€340 | €873 | €35,892 | ▲ 41× |
| Profit (loss) for the period to be appropriated9905 | €2,458 | €24,576 | -€340 | €873 | €35,892 | ▲ 41× |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €132,895 | €139,743 | €437,350 | €431,762 | €431,165 | ▼ 0.1% |
| Fixed assets21/28 | €130,000 | €130,000 | €430,000 | €430,000 | €430,000 | = |
| Financial fixed assets28 | €130,000 | €130,000 | €430,000 | €430,000 | €430,000 | = |
| Current assets29/58 | €2,895 | €9,743 | €7,350 | €1,762 | €1,165 | ▼ 33.9% |
| Amounts receivable within one year40/41 | - | €7,000 | €7,350 | €1,762 | €1,165 | ▼ 33.9% |
| Other amounts receivable41 | - | €7,000 | €7,350 | €1,762 | €1,165 | ▼ 33.9% |
| Cash at bank and in hand54/58 | €2,895 | €2,743 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €132,895 | €139,743 | €437,350 | €431,762 | €431,165 | ▼ 0.1% |
| Equity10/15 | €5,458 | €30,035 | €29,695 | €30,568 | €66,460 | ▲ 117% |
| Contributions10/11 | - | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €2,458 | €27,035 | €26,695 | €27,568 | €63,460 | ▲ 130% |
| Amounts payable17/49 | €127,437 | €109,708 | €407,655 | €401,195 | €364,704 | ▼ 9.1% |
| Amounts payable after more than one year17 | €105,202 | €88,760 | €242,952 | €192,683 | €144,006 | ▼ 25.3% |
| Financial debts170/4 | - | €88,760 | €242,952 | €192,683 | €144,006 | ▼ 25.3% |
| Amounts payable within one year42/48 | €22,235 | €20,948 | €164,704 | €208,511 | €220,699 | ▲ 5.8% |
| Current portion of amounts payable after more than one year42 | - | €19,367 | €125,675 | €51,825 | €50,678 | ▼ 2.2% |
| Financial debts43 | - | - | €3,909 | €4,548 | €5,972 | ▲ 31.3% |
| Credit institutions430/8 | - | - | €3,909 | €4,548 | €4,523 | ▼ 0.6% |
| Other loans439 | - | - | - | - | €1,449 | - |
| Trade debts44 | - | €88 | - | - | - | - |
| Suppliers440/4 | - | €88 | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €218 | - | - |
| Taxes450/3 | - | - | - | €218 | - | - |
| Other amounts payable47/48 | - | €1,493 | €35,120 | €151,920 | €164,049 | ▲ 8.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,458 | €24,576 | -€340 | €873 | €35,892 | ▲ 41× |
| Operating cash flow (approximation) | €2,458 | €24,576 | -€340 | €873 | €35,892 | ▲ 41× |
| Investment in fixed assets (approximation) | - | €0 | -€300,000 | €0 | €0 | - |
| Change in cash | - | -€152 | - | - | - | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 29-08-2025 | 2025-00437366 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00455651 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00391818 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20390406 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-62700330 |
Board & ownership
Directors
Directors
1 director
Bourton Emilie
Current
Owners and capital
Owners
Network & group
Holdings and subsidiaries
2 holdings · 2 subsidiaries, including indirect onesHoldings 2
Source for every holding own accounts 2024
- BOURTON CONSULTING GROUPsubsidiaryEquity €285,611 Profit of €111,182 in 2024 (profit of €8,359 in 2023) Checked score 5694%
- Alsoact 25-07-2023Equity €336,829 Profit of €322,569 in 2025 (loss of €4,953 in 2024) Checked score 9725%
All subsidiaries, including indirect ones 2
LB Concept or one of its subsidiaries holds more than half of the shares of these companies. A company it consolidates per the LEI register is listed too.
BOURTON CONSULTING GROUP 94%1 subsidiary
- MD Assurances 75%
Board mandates elsewhere
1 board mandateBoard mandates of LB ConceptLB Concept sits on their board1
1 location
Connections & network
1 current directorThe board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
2025
29-08
micro format · 29 days late
2024
31-12
Financial
Highest result from 2020 to 2024net €35,892 ▲4,011%
The net result of €35,892 is the highest of those years.
10-10
Gazette deed
Registered office moved from Senzeille to SilenrieuxNew seat: RUE DE LA FOSTELLE, 1 5630 SILENRIEUX · Previous seat: Rue Tienne Boudame, 163 à 5630 Senzeille1 point ▸
Gazette deed
Registered office moved from Senzeille to Silenrieux
New seat: RUE DE LA FOSTELLE, 1 5630 SILENRIEUX · Previous seat: Rue Tienne Boudame, 163 à 5630 Senzeille1 point ▸
- Registered-office move, RUE DE LA FOSTELLE,1 5630 SILENRIEUX
30-08
micro format · 30 days late
2023
31-12
Financial
Back to profitnet €873
The net result is €873, after one loss-making year.
31-08
micro format · 31 days late
2022
31-12
Financial
Weakest financial yearnet -€340
The net result drops to -€340, the lowest from 2020 to 2024. It recovers the following year.
31-08
micro format · 31 days late
2021
31-08
micro format · 31 days late
2020
22-06
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
LB Concept in French
Enterprise number
0748.677.969
Legal form
Private limited company
Status
Active, normale toestand
Founded
17-06-2020
Entity type
Legal entity
Registered office and establishments
Registered office
Rue de la Fostelle(Sil) 1, 5630 Cerfontaine, Belgium
1 former office
- Rue Tienne Boudame,163, 5630 Senzeille until the act of 10-10-2024
Establishment unit
LB Concept, Rue Edouard Dinot 32, 5590 Ciney since 01-08-2020 · unit number 2.304.290.725
E-mail
emilie.bourton1@lap.be
Phone
+32495662195
Activities
NACEBEL 202570200
Business and other management consultancy main activity
66220
Insurance agents and brokers
Codes under NACEBEL 2008
70220
Business consulting main activity
66220
Activities auxiliary to financial services and insurance activities
Invoicing and payment
VAT number
BE 0748.677.969
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Sites & property
Location
Buildings and parcels at the addresses
Ground area
7,301 m²
Building footprint
126 m²
Building volume
835 m³
Tallest building: 8.6 m.
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 91030D0007/00N003 | Wallonia | 4,240 m² | - | - |
| 93070B0264/00W000 | Wallonia | 3,061 m² | 1 · 126 m² | 8.6 m · 2 |