LBH GROUP
ActiveSummary
The computed 12-month bankruptcy probability of LBH GROUP is 3.8% (moderate). The 2024 annual accounts show equity of €25,841 and a net result of €3,356. Equity is growing by ~72.9% per year across the filed fiscal years. Its solvency ranks better than 64% of 18934 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability76▼-24
Solvency71▲+12
Growth78=
Track record100
Bankruptcy probability, 12 months
3.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity short (current ratio 0.89 against 0.68 in 2023; short-term debt: 53.9% and cash: 34.8% of total assets), and 53.9% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
46.1%
Return on assets
6%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-09-2025, 49 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
49 d late
2023
22 d late
2022
34 d early
2021
50 d late
2020
25 d late
2019
28 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 23 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€25,841▲ 14.9%
2023 · €22,485
Total assets
€56,098▼ 15.0%
2023 · €66,028
Net result
€3,356▼ 87.0%
2023 · €25,901
Working capital
-€3,304▲ 76.2%
2023 · -€13,880
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service 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
Line20202021202220232024
Operating result-€17,905▲ 35.8%€17,575€10,392▼ 40.9%€26,447▲ 154%€3,793▼ 85.7%
Net result-€18,842below the sector's middle half▲ 35.7%€16,299within the sector's middle half€9,810within the sector's middle half▼ 39.8%€25,901above the sector's middle half▲ 164%€3,356within the sector's middle half▼ 87.0%
Equity-€29,525below the sector's middle half▼ 176%-€13,226below the sector's middle half▲ 55.2%-€3,416below the sector's middle half▲ 74.2%€22,485within the sector's middle half€25,841within the sector's middle half▲ 14.9%
Total assets€73,186within the sector's middle half▼ 18.2%€77,386within the sector's middle half▲ 5.7%€61,383within the sector's middle half▼ 20.7%€66,028within the sector's middle half▲ 7.6%€56,098within the sector's middle half▼ 15.0%
Debt€102,711▲ 2.6%€90,612▼ 11.8%€64,799▼ 28.5%€43,543▼ 32.8%€30,257▼ 30.5%
Working capital-€93,444below the sector's middle half▼ 13.0%-€67,960below the sector's middle half▲ 27.3%-€48,966below the sector's middle half▲ 27.9%-€13,880within the sector's middle half▲ 71.7%-€3,304within the sector's middle half▲ 76.2%
Solvency-40.3%below the sector's middle half▼ 28.4pp-17.1%below the sector's middle half▲ 23.3pp-5.6%below the sector's middle half▲ 11.5pp34.1%within the sector's middle half▲ 39.6pp46.1%within the sector's middle half▲ 12.0pp
Current ratio0.09below the sector's middle half▼ 0.080.25below the sector's middle half▲ 0.160.24below the sector's middle half▼ 0.010.68within the sector's middle half▲ 0.440.89within the sector's middle half▲ 0.21
Return on assets (ROA)-25.7%below the sector's middle half▲ 7.0pp21.1%within the sector's middle half▲ 46.8pp16.0%above the sector's middle half▼ 5.1pp39.2%above the sector's middle half▲ 23.2pp6.0%within the sector's middle half▼ 33.2pp
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, 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 falls in 2024; 2024 is 86% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €56,098
Fixed assets
€29,145 ▼ 19.9%
Current assets
€26,953 ▼ 9.1%
Equity and liabilities €56,098
Equity
€25,841 ▲ 14.9%
Debt
€30,257 ▼ 30.5%
Debt's share of the balance-sheet total falls from 65.9% to 53.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€11,013▼
2023 · €35,631
Cash flow
€10,576▼
2023 · €35,085
Quick ratio
0.64▲
2023 · 0.49
Debt to equity
1.17▼
2023 · 1.94
ROE
13.0%▼
2023 · 115.2%
Interest coverage
25.22▼
2023 · 65.28
Debt ≤ 1 year
€30,257▼
2023 · €43,543
Staff costs
€38,852▲
2023 · €3,127
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.8% 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 497,340 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% | 1.8% |
| 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 26,975 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €880 | €18,058 | €3,127 | €38,852 | ▲ 1,142% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,184 | €9,184 | €9,184 | €9,184 | €7,220 | ▼ 21.4% |
| Other operating charges640/8 | - | €948 | €6,138 | €4,199 | €8,071 | ▲ 92.2% |
| Gross operating margin9900 | -€6,958 | €28,588 | €43,772 | €42,958 | €57,936 | ▲ 34.9% |
| Operating profit (loss)9901 | -€17,905 | €17,575 | €10,392 | €26,447 | €3,793 | ▼ 85.7% |
| Financial charges65/66B | - | €1,276 | €582 | €546 | €437 | ▼ 20.0% |
| Recurring financial charges65 | €937 | €1,276 | €582 | €546 | €437 | ▼ 20.0% |
| Profit (loss) for the period before taxes9903 | -€18,842 | €16,299 | €9,810 | €25,901 | €3,356 | ▼ 87.0% |
| Profit (loss) for the period9904 | -€18,842 | €16,299 | €9,810 | €25,901 | €3,356 | ▼ 87.0% |
| Profit (loss) for the period to be appropriated9905 | -€18,842 | €16,299 | €9,810 | €25,901 | €3,356 | ▼ 87.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €73,186 | €77,386 | €61,383 | €66,028 | €56,098 | ▼ 15.0% |
| Fixed assets21/28 | €63,918 | €54,734 | €45,550 | €36,365 | €29,145 | ▼ 19.9% |
| Intangible fixed assets21 | €20,000 | €17,500 | €15,000 | €12,500 | €10,000 | ▼ 20.0% |
| Tangible fixed assets22/27 | €42,773 | €36,089 | €29,405 | €22,720 | €18,001 | ▼ 20.8% |
| Plant, machinery and equipment23 | - | €36,089 | €29,405 | €22,720 | €18,001 | ▼ 20.8% |
| Financial fixed assets28 | €1,145 | €1,145 | €1,145 | €1,145 | €1,145 | = |
| Current assets29/58 | €9,268 | €22,652 | €15,833 | €29,662 | €26,953 | ▼ 9.1% |
| Stocks and contracts in progress3 | €4,384 | €4,320 | €4,432 | €8,503 | €7,447 | ▼ 12.4% |
| Stocks30/36 | - | €4,320 | €4,432 | €8,503 | €7,447 | ▼ 12.4% |
| Amounts receivable within one year40/41 | €1,322 | €2,473 | €4,587 | - | - | - |
| Trade receivables40 | - | - | €1,443 | - | - | - |
| Other amounts receivable41 | - | €2,473 | €3,144 | - | - | - |
| Cash at bank and in hand54/58 | €3,561 | €15,859 | €6,814 | €21,159 | €19,506 | ▼ 7.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €73,186 | €77,386 | €61,383 | €66,028 | €56,098 | ▼ 15.0% |
| Equity10/15 | -€29,525 | -€13,226 | -€3,416 | €22,485 | €25,841 | ▲ 14.9% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€48,125 | -€31,826 | -€22,016 | €3,885 | €7,241 | ▲ 86.4% |
| Amounts payable17/49 | €102,711 | €90,612 | €64,799 | €43,543 | €30,257 | ▼ 30.5% |
| Amounts payable within one year42/48 | €102,711 | €90,612 | €64,799 | €43,543 | €30,257 | ▼ 30.5% |
| Trade debts44 | €2,022 | €5,377 | €1,280 | €5,810 | €4,829 | ▼ 16.9% |
| Suppliers440/4 | - | €5,377 | €1,280 | €5,810 | €4,829 | ▼ 16.9% |
| Taxes, remuneration and social security45 | - | €1,466 | - | €3,540 | €7,723 | ▲ 118% |
| Taxes450/3 | - | €1,165 | - | €3,540 | €4,262 | ▲ 20.4% |
| Remuneration and social security454/9 | - | €301 | - | - | €3,461 | - |
| Other amounts payable47/48 | - | €83,769 | €63,519 | €34,193 | €17,705 | ▼ 48.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€18,842 | €16,299 | €9,810 | €25,901 | €3,356 | ▼ 87.0% |
| + Depreciation and write-downs630 | €9,184 | €9,184 | €9,184 | €9,184 | €7,220 | ▼ 21.4% |
| Operating cash flow (approximation) | -€9,658 | €25,483 | €18,994 | €35,085 | €10,576 | ▼ 69.9% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €12,298 | -€9,045 | €14,345 | -€1,653 | ▼ 112% |
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
2026
15-05
State Gazette act
Registered officeRegistered-office move2 facts ▸
State Gazette act
Registered office
Registered-office move2 facts ▸
- General meeting, 19-02-2026
- Registered-office move, Molenstraat 94 - 9032 Gent
2025
18-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 49 days late
2024
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
31-12
Financial
Highest result since 2019net €25,901 ▲164%
Operating result €26,447, net result €25,901, both a record.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
19-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 50 days late
2021
31-12
Financial
Back to profitnet €16,299
Net result €16,299 after 2 loss-making years.
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Gent
Ground area
177 m²
Building footprint
92 m²
Volume, LiDAR
488 m³
Parcel 44074B0330/00E006, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44074B0330/00E006 | Flanders | 177 m² | 1 · 92 m² | 9.3 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.
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Of 20,509 companies in sector 56111 we hold annual accounts for 11,467. 9,255 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
Founded15-03-2019
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0722813217
Also
9925:BE0722813217
Registered
28-11-2025
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.