LB GROUP
ActiveSummary
LB GROUP has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €42,499 and a net result of €4,765. Equity is growing by ~14.2% per year across the filed fiscal years. Its solvency ranks better than 50% of 7586 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▲+2
Solvency68▲+9
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity short (current ratio 0.05 against 0.02 in 2024; short-term debt: 46.6% and cash: 0.1% of total assets), and 56.8% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
43.2%
Return on assets
4.8%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
2 d late
2023
20 d late
2022
23 d late
2021
31 d late
2020
20 d late
2019
5 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 12 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
In the rankings
#10 oldest company in Dison, Construction sector
Equity
€42,499▲ 12.6%
2024 · €37,733
Total assets
€98,309▼ 11.4%
2024 · €111,008
Net result
€4,765▲ 38.2%
2024 · €3,449
Working capital
-€43,669▲ 8.8%
2024 · -€47,901
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€7,101▼ 86.2%€5,612▼ 21.0%€8,524▲ 51.9%€6,455▼ 24.3%€9,306▲ 44.2%
Net result-€277within the sector's middle half€750within the sector's middle half€4,268within the sector's middle half▲ 469%€3,449within the sector's middle half▼ 19.2%€4,765within the sector's middle half▲ 38.2%
Equity€29,266within the sector's middle half▼ 0.9%€30,016within the sector's middle half▲ 2.6%€34,285within the sector's middle half▲ 14.2%€37,733within the sector's middle half▲ 10.1%€42,499within the sector's middle half▲ 12.6%
Total assets€134,676within the sector's middle half▼ 7.9%€129,431within the sector's middle half▼ 3.9%€124,057within the sector's middle half▼ 4.2%€111,008within the sector's middle half▼ 10.5%€98,309within the sector's middle half▼ 11.4%
Debt€105,409▼ 9.6%€99,415▼ 5.7%€89,772▼ 9.7%€73,274▼ 18.4%€55,811▼ 23.8%
Working capital-€34,665below the sector's middle half▼ 63.4%-€42,764below the sector's middle half▼ 23.4%-€50,813below the sector's middle half▼ 18.8%-€47,901below the sector's middle half▲ 5.7%-€43,669below the sector's middle half▲ 8.8%
Solvency21.7%within the sector's middle half▲ 1.5pp23.2%within the sector's middle half▲ 1.5pp27.6%within the sector's middle half▲ 4.4pp34.0%within the sector's middle half▲ 6.4pp43.2%within the sector's middle half▲ 9.2pp
Current ratio0.12below the sector's middle half▼ 0.050.09below the sector's middle half▼ 0.030.00below the sector's middle half▼ 0.090.02below the sector's middle half▲ 0.020.05below the sector's middle half▲ 0.03
Return on assets (ROA)-0.2%below the sector's middle half▼ 32.7pp0.6%within the sector's middle half▲ 0.8pp3.4%within the sector's middle half▲ 2.9pp3.1%within the sector's middle half▼ 0.3pp4.8%within the sector's middle half▲ 1.7pp
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
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 2025; 2025 is 44% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €98,309
Fixed assets
€96,157 ▼ 12.6%
Current assets
€2,152 ▲ 115%
Equity and liabilities €98,309
Equity
€42,499 ▲ 12.6%
Debt
€55,811 ▼ 23.8%
Debt's share of the balance-sheet total falls from 66.0% to 56.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€23,158▲
2024 · €20,470
Cash flow
€18,617▲
2024 · €17,464
Debt to equity
1.31▼
2024 · 1.94
ROE
11.2%▲
2024 · 9.1%
Interest coverage
11.47▲
2024 · 9.37
Debt ≤ 1 year
€45,821▼
2024 · €48,900
Debt > 1 year
€9,989▼
2024 · €24,375
Income taxes
€2,522▲
2024 · €822
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,027 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 17,027 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,125 | €12,704 | €13,332 | €14,015 | €13,852 | ▼ 1.2% |
| Other operating charges640/8 | €877 | €899 | €985 | €1,025 | €2,956 | ▲ 188% |
| Gross operating margin9900 | €20,103 | €19,214 | €22,841 | €21,495 | €26,114 | ▲ 21.5% |
| Operating profit (loss)9901 | €7,101 | €5,612 | €8,524 | €6,455 | €9,306 | ▲ 44.2% |
| Financial income75/76B | €9 | €71 | - | €0 | - | - |
| Recurring financial income75 | €9 | €71 | - | €0 | - | - |
| Financial charges65/66B | €3,586 | €3,159 | €2,579 | €2,185 | €2,019 | ▼ 7.6% |
| Recurring financial charges65 | €3,586 | €3,159 | €2,579 | €2,185 | €2,019 | ▼ 7.6% |
| Profit (loss) for the period before taxes9903 | €3,523 | €2,524 | €5,945 | €4,270 | €7,287 | ▲ 70.6% |
| Income taxes67/77 | €3,800 | €1,774 | €1,677 | €822 | €2,522 | ▲ 207% |
| Profit (loss) for the period9904 | -€277 | €750 | €4,268 | €3,449 | €4,765 | ▲ 38.2% |
| Profit (loss) for the period to be appropriated9905 | -€277 | €750 | €4,268 | €3,449 | €4,765 | ▲ 38.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €134,676 | €129,431 | €124,057 | €111,008 | €98,309 | ▼ 11.4% |
| Fixed assets21/28 | €129,775 | €125,249 | €124,024 | €110,009 | €96,157 | ▼ 12.6% |
| Tangible fixed assets22/27 | €129,775 | €125,249 | €124,024 | €110,009 | €96,157 | ▼ 12.6% |
| Land and buildings22 | €77,468 | €77,333 | €81,111 | €72,082 | €63,052 | ▼ 12.5% |
| Plant, machinery and equipment23 | €0 | €0 | €0 | - | - | - |
| Furniture and vehicles24 | €285 | €623 | €349 | €93 | - | - |
| Assets under construction and advance payments27 | €52,022 | €47,293 | €42,564 | €37,834 | €33,105 | ▼ 12.5% |
| Current assets29/58 | €4,901 | €4,182 | €33 | €999 | €2,152 | ▲ 115% |
| Amounts receivable within one year40/41 | €3,157 | €3,919 | €17 | €0 | €2,025 | - |
| Trade receivables40 | €3,157 | €3,919 | €17 | €0 | €2,025 | - |
| Cash at bank and in hand54/58 | €1,743 | €263 | €16 | €999 | €127 | ▼ 87.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €134,676 | €129,431 | €124,057 | €111,008 | €98,309 | ▼ 11.4% |
| Equity10/15 | €29,266 | €30,016 | €34,285 | €37,733 | €42,499 | ▲ 12.6% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Outside capital11 | €18,592 | - | - | - | - | - |
| Share premium1100/10 | €18,592 | - | - | - | - | - |
| Reserves13 | €18,178 | €18,178 | €18,178 | €19,141 | €23,907 | ▲ 24.9% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €16,318 | €16,318 | €16,318 | €17,281 | €22,047 | ▲ 27.6% |
| Profit (loss) carried forward14 | -€7,504 | -€6,754 | -€2,486 | - | - | - |
| Amounts payable17/49 | €105,409 | €99,415 | €89,772 | €73,274 | €55,811 | ▼ 23.8% |
| Amounts payable after more than one year17 | €65,844 | €52,469 | €38,926 | €24,375 | €9,989 | ▼ 59.0% |
| Financial debts170/4 | €65,844 | €52,469 | €38,926 | €24,375 | €9,989 | ▼ 59.0% |
| Amounts payable within one year42/48 | €39,566 | €46,946 | €50,846 | €48,900 | €45,821 | ▼ 6.3% |
| Current portion of amounts payable after more than one year42 | €12,748 | €13,375 | €13,645 | €14,385 | €14,385 | = |
| Trade debts44 | - | €868 | €6,160 | €1,025 | €890 | ▼ 13.1% |
| Suppliers440/4 | - | €868 | €6,160 | €1,025 | €890 | ▼ 13.1% |
| Taxes, remuneration and social security45 | €5,348 | €3,392 | €1,885 | €5,413 | €6,719 | ▲ 24.1% |
| Taxes450/3 | €5,348 | €3,392 | €1,885 | €5,413 | €6,719 | ▲ 24.1% |
| Other amounts payable47/48 | €21,470 | €29,311 | €29,155 | €28,077 | €23,827 | ▼ 15.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€277 | €750 | €4,268 | €3,449 | €4,765 | ▲ 38.2% |
| + Depreciation and write-downs630 | €12,125 | €12,704 | €13,332 | €14,015 | €13,852 | ▼ 1.2% |
| Operating cash flow (approximation) | €11,848 | €13,453 | €17,601 | €17,464 | €18,617 | ▲ 6.6% |
| Investment in fixed assets (approximation) | - | -€8,178 | -€12,107 | €0 | €0 | - |
| Change in cash | - | -€1,480 | -€248 | €983 | -€872 | ▼ 189% |
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
Next filing, fiscal year 2026, expected by
2026
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
02-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 2 days late
2024
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 20 days late
2023
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
31-12
Financial
Back to profitnet €750
Net result €750 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet -€277
Net result drops to -€277, the lowest in the series; recovery starts the following year.
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
2020
31-12
Financial
Highest result since 2018net €47,500 ▲1,076%
Operating result €51,363, net result €47,500, both a record.
26-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 19 days late
2018
11-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 11 days late
2017
15-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 15 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Dison · 1 establishment unit since 2008
Ground area
1,735 m²
Parcel 63002B0286/00P003, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue Tivoli 2, 4821 Dison
since 20082.170.492.388
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63002B0286/00P003 | Wallonia | 1,735 m² | - | - |
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.
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,052. 12,931 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 (pre-2019)
Founded12-05-1995
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43310Plastering work
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0455187643
Also
9925:BE0455187643
Registered
21-11-2024
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.