LB Properties
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 08-07-2026 at the NBB all 12 filings
Every figure per financial year
The operating result for 2025 is a loss of €873, smaller than the loss of €1,117 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | - | €868 | €960 | €387 | €400 | ▲ 3.4% |
| Gross operating margin9900 | €329,515 | €53,418 | €501,490 | €47,440 | €66,028 | -€2,225 | -€730 | -€473 | ▲ 35.2% |
| Operating profit (loss)9901 | €328,647 | €52,550 | €438,122 | €47,440 | €65,160 | -€3,185 | -€1,117 | -€873 | ▲ 21.8% |
| Financial charges65/66B | - | - | - | €14,849 | €2,400 | €1,550 | €1,583 | €1,651 | ▲ 4.3% |
| Recurring financial charges65 | €17,925 | €14,338 | €45,887 | €14,849 | €2,400 | €1,550 | €1,583 | €1,651 | ▲ 4.3% |
| Profit (loss) for the period before taxes9903 | €310,722 | €38,212 | €392,235 | €32,591 | €62,760 | -€4,735 | -€2,700 | -€2,524 | ▲ 6.5% |
| Income taxes67/77 | €88,301 | €21,553 | €112,037 | -€2,206 | €17,315 | €206 | - | - | - |
| Profit (loss) for the period9904 | €222,421 | €16,659 | €280,198 | €34,797 | €45,445 | -€4,941 | -€2,700 | -€2,524 | ▲ 6.5% |
| Profit (loss) for the period to be appropriated9905 | €222,421 | €16,659 | €280,198 | €34,797 | €45,445 | -€4,941 | -€2,700 | -€2,524 | ▲ 6.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €3.3m | €3.7m | €0.9m | €0.8m | €0.2m | €0.05m | €0.05m | €0.04m | ▼ 6.3% |
| Current assets29/58 | €3.3m | €3.7m | €0.9m | €0.8m | €0.2m | €0.05m | €0.05m | €0.04m | ▼ 6.3% |
| Stocks and contracts in progress3 | €3.0m | €3.5m | €0.8m | €0.8m | - | - | - | - | - |
| Contracts in progress37 | - | - | - | €0.8m | - | - | - | - | - |
| Amounts receivable within one year40/41 | €0.01m | €0.01m | €136 | €0.02m | €0.005m | €0.002m | - | - | - |
| Trade receivables40 | - | - | - | - | - | €0.002m | - | - | - |
| Other amounts receivable41 | - | - | - | €0.02m | €0.005m | - | - | - | - |
| Cash at bank and in hand54/58 | €0.3m | €0.1m | €0.08m | €0.005m | €0.2m | €0.05m | €0.05m | €0.04m | ▼ 6.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €3.3m | €3.7m | €0.9m | €0.8m | €0.2m | €0.05m | €0.05m | €0.04m | ▼ 6.3% |
| Equity10/15 | €0.2m | €0.3m | €0.1m | €0.1m | €0.05m | €0.03m | €0.02m | €0.02m | ▼ 11.0% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | - | - | - | - |
| Reserves13 | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | - | - | - | - |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | - | - | - | - |
| Profit (loss) carried forward14 | €0.2m | €0.2m | €0.09m | €0.1m | €0.03m | €0.03m | €0.02m | €0.02m | ▼ 11.0% |
| Amounts payable17/49 | €3.0m | €3.4m | €0.8m | €0.7m | €0.2m | €0.02m | €0.02m | €0.02m | ▼ 1.6% |
| Amounts payable after more than one year17 | €2.5m | €0.6m | €0.6m | €0.6m | - | €0.02m | €0.02m | €0.02m | = |
| Financial debts170/4 | - | - | - | €0.6m | - | - | - | - | - |
| Other amounts payable178/9 | - | - | - | - | - | €0.02m | €0.02m | €0.02m | = |
| Amounts payable within one year42/48 | €0.6m | €2.8m | €0.2m | €0.1m | €0.2m | €0.001m | €0.001m | €0.001m | ▼ 36.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.1m | - | - | - | - | - |
| Trade debts44 | €0.02m | €0.004m | - | €122 | €378 | €0.001m | €0.001m | €0.001m | ▼ 36.2% |
| Suppliers440/4 | - | - | - | €122 | €378 | €0.001m | €0.001m | €0.001m | ▼ 36.2% |
| Taxes, remuneration and social security45 | - | - | - | €0.01m | €0.03m | - | - | - | - |
| Taxes450/3 | - | - | - | €0.01m | €0.03m | - | - | - | - |
| Other amounts payable47/48 | - | - | - | - | €0.1m | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €222,421 | €16,659 | €280,198 | €34,797 | €45,445 | -€4,941 | -€2,700 | -€2,524 | ▲ 6.5% |
| Operating cash flow (approximation) | €222,421 | €16,659 | €280,198 | €34,797 | €45,445 | -€4,941 | -€2,700 | -€2,524 | ▲ 6.5% |
| Change in cash | - | -€165,110 | -€57,307 | -€71,488 | €195,398 | -€153,541 | -€1,190 | -€2,902 | ▼ 144% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,908 companies had the same profile as LB Properties has now. Two years later, 90.9% were still going and 1.1% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LB Properties itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,908 companies, not a prediction for LB Properties. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 12 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 08-07-2026 | 2026-00279374 | |
| 31-12-2024 | micro format | 12-06-2025 | 2025-00136855 | |
| 31-12-2023 | micro format | 02-07-2024 | 2024-00201836 | |
| 31-12-2022 | micro format | 11-07-2023 | 2023-00233777 | |
| 31-12-2021 | micro format | 08-06-2022 | 2022-20057201 | |
| 31-12-2020 | micro format | 02-07-2021 | 2021-30500304 | |
| 31-12-2019 | micro format | 28-07-2020 | 2020-35100038 | |
| 31-12-2018 | micro format | 22-08-2019 | 2019-51000392 | |
| 31-12-2017 | full format | 16-08-2018 | 2018-46600427 | |
| 31-12-2016 | full format | 23-08-2017 | 2017-46200234 |