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LB Management

Active
Private limited companyfounded 20206 yrs activeHeistraat 77, 2440 Geel, BelgiumKBO/BCE: BE 0743.737.503
Summary

The computed 12-month bankruptcy probability of LB Management is 2.5% (moderate). The 2024 annual accounts show equity of €136,810 and a net result of €969. Equity is growing by ~42.3% per year across the filed fiscal years. The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability54▼-36
Solvency100▲+32
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
2.5% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 16.23 against 0.13 in 2023; short-term debt: 4.9% and cash: 40.1% of total assets), and 11.3% of the assets are financed with debt.
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Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 6 years 0 10 y
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-07-2025, 7 days ahead of the deadline.
NBB · 5 filings
Deviation from the deadline
2025
not confirmed
2024
7 d early
2023
47 d early
2022
38 d early
2021
22 d late
2021
61 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 5 accounts on average 26 days before 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)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

LB Management was incorporated on 17 February 2020 as a Private limited company.1 Total assets fell from EUR 379,524 in 2021 to EUR 154,320 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2021 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€136,810▲ 0.7%
2023 · €135,841
Total assets
€154,320▼ 51.6%
2023 · €318,583
Net result
€969▼ 98.2%
2023 · €54,199
Working capital
€115,050
2023 · -€48,452
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
Line20212021202220232024
Operating result€33,794-€19,848-€75,268▲ 279%€81,892▲ 8.8%€4,136▼ 94.9%
Net result€23,578-€11,838-€52,459▲ 343%€54,199▲ 3.3%€969▼ 98.2%
Equity€19,778-€31,616-€82,476▲ 161%€135,841▲ 64.7%€136,810▲ 0.7%
Total assets€379,524-€298,499-€310,907▲ 4.2%€318,583▲ 2.5%€154,320▼ 51.6%
Debt€359,746-€266,882-€228,431▼ 14.4%€182,741▼ 20.0%€17,510▼ 90.4%
Working capital-€41,114--€74,198--€67,376▲ 9.2%-€48,452▲ 28.1%€115,050
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€25,000€50,000€75,000Operating result 2021: €33,794€33,794Net result 2021: €23,578€23,578Operating result 2021: €19,848€19,848Net result 2021: €11,838€11,838Operating result 2022: €75,268€75,268Net result 2022: €52,459€52,459Operating result 2023: €81,892€81,892Net result 2023: €54,199€54,199Operating result 2024: €4,136€4,136Net result 2024: €969€96920212021202220232024€0€25,000€50,000€75,000Operating result 2022: €75,268€75,300Net result 2022: €52,459€52,500Operating result 2023: €81,892€81,900Net result 2023: €54,199€54,200Operating result 2024: €4,136€4,140Net result 2024: €969€969202220232024
Multiple fiscal year ends fall in the same calendar year; an annual trend is not displayed.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €154,320
Fixed assets €31,715 ▼ 89.8%
Current assets €122,605 ▲ 1,658%
Equity and liabilities €154,320
Equity €136,810 ▲ 0.7%
Debt €17,510 ▼ 90.4%
Debt's share of the balance-sheet total falls from 57.4% to 11.3%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€14,031▼
2023 · €89,759
Cash flow
€10,864▼
2023 · €62,065
Current ratio
16.23▲
2023 · 0.13
Debt to equity
0.13▼
2023 · 1.35
ROE
0.7%▼
2023 · 39.9%
ROA
0.6%▼
2023 · 17.0%
Interest coverage
4.13▼
2023 · 24.54
Debt ≤ 1 year
€7,555▼
2023 · €55,425
Debt > 1 year
€9,955▼
2023 · €127,317
Income taxes
€142▼
2023 · €24,224
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 5,049 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 94% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a profit under 5% of the balance sheet
2.0% went bankrupt
3.7% stopped otherwise
94% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

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%.

The companies in ten equal groups, from lowest to highest expected share.
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 5,049 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 46 lines
Balance sheet Code20232024
Assets
Total assets20/58€318,583€154,320▼
Fixed assets21/28€311,610€31,715▼
Tangible fixed assets22/27€41,610€31,715▼
Furniture and vehicles24€41,610€31,715▼
Financial fixed assets28€270,000€0▼
Current assets29/58€6,972€122,605▲
Amounts receivable within one year40/41€5,604€60,777▲
Trade receivables40€2,000€0▼
Other amounts receivable41€3,604€60,777▲
Cash at bank and in hand54/58€1,368€61,828▲
Equity and liabilities
Total equity and liabilities10/49€318,583€154,320▼
Equity10/15€135,841€136,810▲
Contributions10/11€6,200€6,200=
Reserves13€129,641€130,610▲
Distributable reserves133€129,641€130,610▲
Profit (loss) carried forward14-€0
Amounts payable17/49€182,741€17,510▼
Amounts payable after more than one year17€127,317€9,955▼
Financial debts170/4€127,317€9,955▼
Amounts payable within one year42/48€55,425€7,555▼
Current portion of amounts payable after more than one year42€26,978€7,381▼
Financial debts43€3,572€0▼
Credit institutions430/8€3,572€0▼
Trade debts44€38€33▼
Suppliers440/4€38€33▼
Taxes, remuneration and social security45€24,003€142▼
Taxes450/3€24,003€142▼
Other amounts payable47/48€833€0▼
Income statement Code20232024
Non-recurring operating income76A€13,209€30,000▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7,867€9,895▲
Other operating charges640/8€471€685▲
Gross operating margin9900€90,229€14,716▼
Operating profit (loss)9901€81,892€4,136▼
Financial income75/76B€188€373▲
Recurring financial income75€188€373▲
Financial charges65/66B€3,657€3,399▼
Recurring financial charges65€3,657€3,399▼
Profit (loss) for the period before taxes9903€78,423€1,110▼
Income taxes67/77€24,224€142▼
Profit (loss) for the period9904€54,199€969▼
Profit (loss) for the period to be appropriated9905€54,199€969▼
Appropriation of the result
Profit (loss) to be appropriated9906€54,199€969▼
Transfer to equity691/2€53,366€969▼
To other reserves6921€53,366€969▼
Profit to be distributed694/7€833€0▼
Return on contributions (dividend)694€833€0▼

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212021202220232024Change
Non-recurring operating income76A---€13,209€30,000▲ 127%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,740€4,068€5,400€7,867€9,895▲ 25.8%
Other operating charges640/8-€823€922€471€685▲ 45.5%
Gross operating margin9900€40,475€24,740€81,589€90,229€14,716▼ 83.7%
Operating profit (loss)9901€33,794€19,848€75,268€81,892€4,136▼ 94.9%
Financial income75/76B-€238€428€188€373▲ 98.2%
Recurring financial income75€295€238€428€188€373▲ 98.2%
Financial charges65/66B-€2,823€3,457€3,657€3,399▼ 7.1%
Recurring financial charges65€4,421€2,823€3,457€3,657€3,399▼ 7.1%
Profit (loss) for the period before taxes9903€29,668€17,263€72,238€78,423€1,110▼ 98.6%
Income taxes67/77€6,090€5,425€19,779€24,224€142▼ 99.4%
Profit (loss) for the period9904€23,578€11,838€52,459€54,199€969▼ 98.2%
Profit (loss) for the period to be appropriated9905€23,578€11,838€52,459€54,199€969▼ 98.2%
Line20212021202220232024Change
Assets
Total assets20/58€379,524€298,499€310,907€318,583€154,320▼ 51.6%
Fixed assets21/28€291,260€287,191€281,791€311,610€31,715▼ 89.8%
Tangible fixed assets22/27€21,260€17,191€11,791€41,610€31,715▼ 23.8%
Furniture and vehicles24-€17,191€11,791€41,610€31,715▼ 23.8%
Financial fixed assets28€270,000€270,000€270,000€270,000€0▼ 100%
Current assets29/58€88,264€11,308€29,115€6,972€122,605▲ 1,658%
Amounts receivable within one year40/41€87,072€3,967€24,750€5,604€60,777▲ 984%
Trade receivables40-€0€22,500€2,000€0▼ 100%
Other amounts receivable41-€3,967€2,250€3,604€60,777▲ 1,586%
Cash at bank and in hand54/58€756€6,570€3,738€1,368€61,828▲ 4,419%
Deferred charges and accrued income490/1-€771€627---
Equity and liabilities
Total equity and liabilities10/49€379,524€298,499€310,907€318,583€154,320▼ 51.6%
Equity10/15€19,778€31,616€82,476€135,841€136,810▲ 0.7%
Contributions10/11-€6,200€6,200€6,200€6,200=
Reserves13€13,578€25,416€76,276€129,641€130,610▲ 0.7%
Distributable reserves133-€25,416€76,276€129,641€130,610▲ 0.7%
Profit (loss) carried forward14-€0--€0-
Amounts payable17/49€359,746€266,882€228,431€182,741€17,510▼ 90.4%
Amounts payable after more than one year17€230,367€181,377€131,939€127,317€9,955▼ 92.2%
Financial debts170/4-€181,377€131,939€127,317€9,955▼ 92.2%
Amounts payable within one year42/48€129,379€85,506€96,492€55,425€7,555▼ 86.4%
Current portion of amounts payable after more than one year42-€48,991€49,437€26,978€7,381▼ 72.6%
Financial debts43--€3,348€3,572€0▼ 100%
Credit institutions430/8--€3,348€3,572€0▼ 100%
Trade debts44--€1,104€38€33▼ 13.9%
Suppliers440/4--€1,104€38€33▼ 13.9%
Advances received on contracts in progress46-€25,000----
Taxes, remuneration and social security45-€11,515€16,003€24,003€142▼ 99.4%
Taxes450/3-€11,515€16,003€24,003€142▼ 99.4%
Other amounts payable47/48-€0€26,600€833€0▼ 100%
Line20212021202220232024Change
Profit (loss) for the period9904€23,578€11,838€52,459€54,199€969▼ 98.2%
+ Depreciation and write-downs630€5,740€4,068€5,400€7,867€9,895▲ 25.8%
Operating cash flow (approximation)€29,318€15,907€57,859€62,065€10,864▼ 82.5%
Investment in fixed assets (approximation)--€0-€37,686€270,000▲ 816%
Change in cash---€2,832-€2,370€60,460▲ 2,651%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
24-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Weakest financial yearnet €969 ▼98.2%
Net result drops to €969, the lowest in the series.
31-12
Financial Liquidity times 129current ratio 16.23
Current ratio from 0.13 to 16.23; short-term debt falls from €55,425 to €7,555.
14-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Highest result since 2021net €54,199 ▲3.3%
Operating result €81,892, net result €54,199, both a record.
31-12
Financial Equity above €100,000Eq €135,841 ▲64.7%
4 profitable years in a row build equity to €135,841.
23-06
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
22-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
31-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 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
2 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
Registered office, Geel · 1 establishment unit since 2020
seat establishment The establishment unit on the map
Ground area
810 m²
Building footprint
91 m²
Volume, LiDAR
494 m³
Parcel 13008H0001/00Z003, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LB Management
Heistraat 77, 2440 GeelHoldings
since 20202.300.735.971
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
13008H0001/00Z003 Flanders 810 m² 1 · 91 m² 7.9 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.

Structure & network

Owners and holdings

2 holdings

Owners 0

The accounts to 31-12-2023 list no shareholders, and no other source names one.

Holdings 2

According to the 2023 annual accounts of LB Management and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Identification & contact

Identification
Legal formPrivate limited company
Founded17-02-2020
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 0208:0743737503
Registered 09-01-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.