LB&O
ActiveSummary
LB&O has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €196,801 and a net result of -€32,933. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 39% of 2029 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability11▼-80
Solvency60=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity tight (current ratio 1.19 against 1.59 in 2024; short-term debt: 56.5% and cash: 0% of total assets), and 65.3% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Arts creation and performing arts activities (NACE 90)
about 58% fewer 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
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
29 d early
2023
12 d early
2022
27 d early
2021
7 d early
2020
21 d early
2019
1 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 16 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% 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. Usually files around 10 July (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€196,801▼ 14.3%
2024 · €229,734
Total assets
€567,021▼ 14.5%
2024 · €662,861
Net result
-€32,933
2024 · €119,162
Working capital
€62,203▼ 63.2%
2024 · €168,929
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 90, Arts creation and performing arts activities, 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-€77,110▼ 30.6%€97,140€98,321▲ 1.2%€150,088▲ 52.7%-€32,626
Net result-€95,806below the sector's middle half▼ 46.6%€70,462above the sector's middle half€79,984above the sector's middle half▲ 13.5%€119,162above the sector's middle half▲ 49.0%-€32,933below the sector's middle half
Equity-€39,873below the sector's middle half€30,589within the sector's middle half€110,573within the sector's middle half▲ 261%€229,734above the sector's middle half▲ 108%€196,801above the sector's middle half▼ 14.3%
Total assets€964,556above the sector's middle half▼ 4.6%€999,373above the sector's middle half▲ 3.6%€757,751above the sector's middle half▼ 24.2%€662,861above the sector's middle half▼ 12.5%€567,021above the sector's middle half▼ 14.5%
Debt€1.0m▲ 5.1%€968,784▼ 3.5%€647,179▼ 33.2%€433,127▼ 33.1%€370,220▼ 14.5%
Working capital€193,427above the sector's middle half▲ 36.6%-€13,337below the sector's middle half€67,147within the sector's middle half€168,929above the sector's middle half▲ 152%€62,203within the sector's middle half▼ 63.2%
Solvency-4.1%below the sector's middle half▼ 9.7pp3.1%below the sector's middle half▲ 7.2pp14.6%within the sector's middle half▲ 11.5pp34.7%within the sector's middle half▲ 20.1pp34.7%within the sector's middle half=
Current ratio1.62within the sector's middle half▲ 0.240.98within the sector's middle half▼ 0.641.16within the sector's middle half▲ 0.181.59within the sector's middle half▲ 0.431.19within the sector's middle half▼ 0.39
Return on assets (ROA)-9.9%below the sector's middle half▼ 3.5pp7.1%within the sector's middle half▲ 17.0pp10.6%within the sector's middle half▲ 3.5pp18.0%within the sector's middle half▲ 7.4pp-5.8%below the sector's middle half▼ 23.8pp
Staff (FTE)0.3▲ 200%2▲ 567%0.1▼ 95.0%
above
within
below
the middle half (P25 to P75) of NACE 90, Arts creation and performing arts activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €32,626 after €150,088 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €567,021
Fixed assets
€184,450 ▼ 10.4%
Current assets
€382,571 ▼ 16.3%
Equity and liabilities €567,021
Equity
€196,801 ▼ 14.3%
Debt
€370,220 ▼ 14.5%
Debt's share of the balance-sheet total stays at 65.3%.
Key figures and ratios
EBITDA
-€582▼
2024 · €182,650
Cash flow
-€890▼
2024 · €151,724
Debt to equity
1.88▼
2024 · 1.89
ROE
-16.7%▼
2024 · 51.9%
Interest coverage
-0.04▼
2024 · 8.89
Debt ≤ 1 year
€320,369▲
2024 · €288,171
Debt > 1 year
€48,726▼
2024 · €144,272
Staff costs
€1,336▼
2024 · €2,358
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,687 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 94% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a small loss
0.6%
went bankrupt
5.4%
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 0.2% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 2,687 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €120,399 | €15,262 | €2,358 | €1,336 | ▼ 43.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €174,633 | €181,258 | €103,346 | €32,562 | €32,043 | ▼ 1.6% |
| Other operating charges640/8 | - | €718 | €215 | €2,970 | €1,350 | ▼ 54.5% |
| Non-recurring operating charges66A | - | €944 | - | €428 | - | - |
| Gross operating margin9900 | €122,804 | €400,458 | €217,144 | €188,405 | €2,103 | ▼ 98.9% |
| Operating profit (loss)9901 | -€77,110 | €97,140 | €98,321 | €150,088 | -€32,626 | ▼ 122% |
| Financial income75/76B | - | €358 | €88 | €217 | €13,055 | ▲ 5,912% |
| Recurring financial income75 | €1,809 | €358 | €88 | €217 | €13,055 | ▲ 5,912% |
| Financial charges65/66B | - | €27,036 | €18,425 | €20,553 | €13,362 | ▼ 35.0% |
| Recurring financial charges65 | €19,768 | €27,036 | €18,425 | €20,553 | €13,362 | ▼ 35.0% |
| Profit (loss) for the period before taxes9903 | -€95,069 | €70,462 | €79,984 | €129,752 | -€32,933 | ▼ 125% |
| Income taxes67/77 | €737 | - | - | €10,590 | - | - |
| Profit (loss) for the period9904 | -€95,806 | €70,462 | €79,984 | €119,162 | -€32,933 | ▼ 128% |
| Profit (loss) for the period to be appropriated9905 | -€95,806 | €70,462 | €79,984 | €119,162 | -€32,933 | ▼ 128% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €964,556 | €999,373 | €757,751 | €662,861 | €567,021 | ▼ 14.5% |
| Fixed assets21/28 | €457,827 | €432,544 | €270,280 | €205,761 | €184,450 | ▼ 10.4% |
| Intangible fixed assets21 | €3,000 | €4,221 | €2,359 | €575 | - | - |
| Tangible fixed assets22/27 | €454,827 | €428,323 | €267,921 | €205,186 | €184,450 | ▼ 10.1% |
| Land and buildings22 | - | €7,055 | €6,305 | €8,879 | €18,239 | ▲ 105% |
| Plant, machinery and equipment23 | - | €324,431 | €253,295 | €162,407 | €139,702 | ▼ 14.0% |
| Furniture and vehicles24 | - | €96,837 | €8,321 | €33,899 | €26,509 | ▼ 21.8% |
| Current assets29/58 | €506,729 | €566,829 | €487,472 | €457,100 | €382,571 | ▼ 16.3% |
| Amounts receivable within one year40/41 | €431,823 | €488,837 | €443,262 | €428,559 | €379,423 | ▼ 11.5% |
| Trade receivables40 | - | €125,936 | €53,205 | €5,637 | €7,554 | ▲ 34.0% |
| Other amounts receivable41 | - | €362,900 | €390,057 | €422,922 | €371,868 | ▼ 12.1% |
| Cash at bank and in hand54/58 | €71,390 | €70,278 | €35,913 | €23,102 | €120 | ▼ 99.5% |
| Deferred charges and accrued income490/1 | - | €7,714 | €8,297 | €5,440 | €3,028 | ▼ 44.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €964,556 | €999,373 | €757,751 | €662,861 | €567,021 | ▼ 14.5% |
| Equity10/15 | -€39,873 | €30,589 | €110,573 | €229,734 | €196,801 | ▼ 14.3% |
| Contributions10/11 | - | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Reserves13 | €23,830 | €23,830 | €23,830 | €129,734 | €129,734 | = |
| Distributable reserves133 | - | €23,830 | €23,830 | €129,734 | €129,734 | = |
| Profit (loss) carried forward14 | -€163,704 | -€93,242 | -€13,258 | - | -€32,933 | - |
| Amounts payable17/49 | €1.0m | €968,784 | €647,179 | €433,127 | €370,220 | ▼ 14.5% |
| Amounts payable after more than one year17 | €690,515 | €387,489 | €225,755 | €144,272 | €48,726 | ▼ 66.2% |
| Financial debts170/4 | - | €387,489 | €225,755 | €144,272 | €48,726 | ▼ 66.2% |
| Amounts payable within one year42/48 | €313,302 | €580,165 | €420,325 | €288,171 | €320,369 | ▲ 11.2% |
| Current portion of amounts payable after more than one year42 | - | €266,023 | €180,425 | €115,172 | €103,349 | ▼ 10.3% |
| Financial debts43 | - | €125,000 | €125,000 | €125,000 | €165,353 | ▲ 32.3% |
| Credit institutions430/8 | - | €125,000 | €125,000 | €125,000 | €165,353 | ▲ 32.3% |
| Trade debts44 | €83,083 | €161,777 | €105,335 | €36,935 | €35,689 | ▼ 3.4% |
| Suppliers440/4 | - | €161,777 | €105,335 | €36,935 | €35,689 | ▼ 3.4% |
| Taxes, remuneration and social security45 | - | €27,366 | €8,552 | €11,064 | €11,164 | ▲ 0.9% |
| Taxes450/3 | - | €22,020 | €6,157 | €11,064 | €11,164 | ▲ 0.9% |
| Remuneration and social security454/9 | - | €5,346 | €2,395 | - | - | - |
| Other amounts payable47/48 | - | - | €1,012 | - | €4,813 | - |
| Accrued charges and deferred income492/3 | - | €1,129 | €1,099 | €684 | €1,125 | ▲ 64.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€95,806 | €70,462 | €79,984 | €119,162 | -€32,933 | ▼ 128% |
| + Depreciation and write-downs630 | €174,633 | €181,258 | €103,346 | €32,562 | €32,043 | ▼ 1.6% |
| Operating cash flow (approximation) | €78,827 | €251,720 | €183,330 | €151,724 | -€890 | ▼ 101% |
| Investment in fixed assets (approximation) | - | -€155,975 | €58,918 | €31,957 | -€10,733 | ▼ 134% |
| Change in cash | - | -€1,111 | -€34,365 | -€12,811 | -€22,982 | ▼ 79.4% |
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
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2019net €119,162 ▲49%
Operating result €150,088, net result €119,162, both a record.
31-12
Financial
Equity above €200,000Eq €229,734 ▲108%
3 profitable years in a row build equity to €229,734.
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100,000Eq €110,573 ▲261%
2 profitable years in a row build equity to €110,573.
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €70,462
Net result €70,462 after 2 loss-making years.
24-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
Financial
Weakest financial yearnet -€95,806
Net result drops to -€95,806, the lowest in the series; recovery starts the following year.
10-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
22-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Zedelgem · 1 establishment unit since 2015
Ground area
1,214 m²
Building footprint
206 m²
Volume, LiDAR
1,270 m³
Parcel 31001C0692/00S000, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
LB&O
since 20152.239.530.456
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31001C0692/00S000 | Flanders | 1,214 m² | 1 · 206 m² | 9.1 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.
Public money · subsidies and aid
Flemish government
2022 · 2 entries · 3,609 EUR awarded · 3,609 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 2 | 3,609 EUR | 3,609 EUR |
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Of 3,530 companies in sector 90391 we hold annual accounts for 684. 488 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
Founded04-02-2015
Fiscal year end31-12
Activities, NACEBEL 2025
77399Renting and leasing of other machinery, equipment and tangible goods
90391Promotion and organisation of arts and performing arts events
46130Agents in the wholesale of timber and building materials
46831Wholesale of construction materials, general range
47522Retail trade
68203Renting and operating of own or leased non-residential real estate, excluding land
77229Renting and leasing of other personal and household goods
90393Specialised image, lighting and sound technical services
90392Design and construction of stages and sets
90399Other support activities for arts and performing arts
Contact
Phone
0488/650.652
E-invoicing
Reachable via Peppol
Peppol ID
0208:0597684009
Also
9925:BE0597684009
Registered
24-11-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.