LBJ services
ActiveSummary
The computed 12-month bankruptcy probability of LBJ services is 1.8% (moderate). The 2025 annual accounts show negative equity (-€27,748) and a net result of -€19,229. Equity has been shrinking by about 29% per year since 2023. Its solvency ranks better than 8% of 3,312 sector peers (NACE 95, financial year 2025). The company has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 25-12-2021 Normal situation
- Activity
- Other maintenance and repair of motor vehicles NACE 95319and 4 others
- Establishment unit
- 2.337.545.194 4970 Stavelot, since 25-12-2021
- Financial year end
- 30 June
- Peppol
- Reachable since 03-12-2025
Board and ownership
- BERTHET Laurent Jean GeorgesDirector · since 25-12-2021
- BERTHET Laurent Jean Georges100 sharesdeed of 29-12-2021
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.8%
- Gross margin
- -€16,417
- Loss
- €19,229
- Equity
- -€27,748
- ▼ 226%
- Total assets
- €35,473
- ▼ 9.2%
- Negative equity on 30-06-2025
- 2025 accounts filed 2 days after the deadline
Score breakdownraises riskNegative equity -€27,748Loss of €19,229 (financial year 2025)lowers riskLiquidity: current ratio 0.56, cash €10,098Size: total assets €35,473Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 95, micro). It does better than 6% of them on solvency, 27% on liquidity, 5% on profitability and 2% on growth.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 3 accounts on average 18 days after the deadline. In the sector (NACE 95), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 2 days after the deadline Filed on 2 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00026978.
Annual accounts 2025 filed on 02-02-2026 PDF all 3 filings
Every figure per financial year
The operating result for 2025 is a loss of €18,399, after a profit of €10,799 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them.
Investments
| Item | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|
| Tangible fixed assets | €1,500 | - | - |
| Depreciation and write-downs of the year | €1 | €500 | €500 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1 | €500 | €500 | = |
| Other operating charges640/8 | €2,514 | €1,548 | €1,482 | ▼ 4.2% |
| Gross operating margin9900 | -€16,047 | €12,846 | -€16,417 | - |
| Operating profit (loss)9901 | -€18,562 | €10,799 | -€18,399 | - |
| Financial charges65/66B | €1,779 | €1,576 | €690 | ▼ 56.2% |
| Recurring financial charges65 | €1,779 | €1,576 | €690 | ▼ 56.2% |
| Profit (loss) for the period before taxes9903 | -€20,340 | €9,223 | -€19,089 | - |
| Income taxes67/77 | €241 | €160 | €140 | ▼ 12.7% |
| Profit (loss) for the period9904 | -€20,582 | €9,063 | -€19,229 | - |
| Profit (loss) for the period to be appropriated9905 | -€20,582 | €9,063 | -€19,229 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €26,446 | €39,083 | €35,473 | ▼ 9.2% |
| Fixed assets21/28 | €1,499 | €999 | €499 | ▼ 50.1% |
| Tangible fixed assets22/27 | €1,499 | €999 | €499 | ▼ 50.1% |
| Furniture and vehicles24 | €1,499 | €999 | €499 | ▼ 50.1% |
| Current assets29/58 | €24,947 | €38,085 | €34,975 | ▼ 8.2% |
| Amounts receivable within one year40/41 | €14,933 | €22,609 | €24,877 | ▲ 10.0% |
| Trade receivables40 | €9,525 | €14,109 | €14,102 | = |
| Other amounts receivable41 | €5,408 | €8,500 | €10,774 | ▲ 26.8% |
| Cash at bank and in hand54/58 | €10,014 | €15,476 | €10,098 | ▼ 34.7% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €26,446 | €39,083 | €35,473 | ▼ 9.2% |
| Equity10/15 | -€17,582 | -€8,519 | -€27,748 | ▼ 226% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | -€20,582 | -€11,519 | -€30,748 | ▼ 167% |
| Amounts payable17/49 | €44,028 | €47,602 | €63,221 | ▲ 32.8% |
| Amounts payable within one year42/48 | €44,028 | €47,602 | €63,010 | ▲ 32.4% |
| Trade debts44 | €4,293 | €864 | €227 | ▼ 73.7% |
| Suppliers440/4 | €4,293 | €864 | €227 | ▼ 73.7% |
| Taxes, remuneration and social security45 | €22,851 | €5,787 | €1,796 | ▼ 69.0% |
| Taxes450/3 | €22,851 | €5,787 | €1,796 | ▼ 69.0% |
| Other amounts payable47/48 | €16,884 | €40,950 | €60,986 | ▲ 48.9% |
| Accrued charges and deferred income492/3 | - | - | €212 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€20,582 | €9,063 | -€19,229 | - |
| + Depreciation and write-downs630 | €1 | €500 | €500 | = |
| Operating cash flow (approximation) | -€20,580 | €9,563 | -€18,729 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | - |
| Change in cash | - | €5,462 | -€5,378 | - |
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, 7,639 companies had the same profile as LBJ services has now. Two years later, 84.8% were still going and 8.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LBJ services itself: 1.8% 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 7,639 companies, not a prediction for LBJ services. 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.
Board & ownership
Directors
Owners and capital
Shareholders
- BERTHET Laurent Jean Georges 100 shares (100%) · €3,000 in cash
Capital transactions
- 29-12-2021 Incorporation · €3,000 · 100 shares
Articles of association
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Articles of association, deed of 29-12-2021 (in French)
Network & group
LBJ services shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of LBJ services. Every other company they run is a node.
Timeline
Deeds, filings and financial milestones
29-12
Gazette deed
IncorporationFounding capital of €3,000, 100 shares · Founder: BERTHET Laurent Jean Georges · Appointment: BERTHET Laurent Jean Georges (director)8 points ▸
- Founder, BERTHET Laurent Jean Georges
- Founding capital, €3,000, 100 shares
- BERTHET Laurent Jean Georges holds all the shares
- 100 shares
- Registered office clause, Les Closures 3, 4970 Stavelot
- Board rule, 1
- Director appointment, BERTHET Laurent Jean Georges (director (not named in the articles))
- Permanent representative, BERTHET Laurent Jean Georges
- The deed holds 5 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
15 activities
- La prestation de services en lien avec la compétition automobile et les sports mécaniques au sens large en ce compris la mise à disposition de mécaniciens et d’ingénieurs ainsi que toutes activités de mécanique au sens large
- L’acquisition, la vente et la construction de véhicules de compétition
- L’acquisition, la vente, la conception et la fabrication de pièces automobiles au sens large, d’accessoires automobiles, de lubrifiant-huile-essence, et autres consommables, au détail, en gros, en magasin ou par internet
- La réparation, l’entretien, la modification et la transformation tout type de véhicules, en ce compris les motocycles
- L’acquisition, la vente, la conception et la fabrication de pièces machine-outil (tournage, fraisage, soudage, ...)
- L’acquisition, la vente, le stockage et montage de pneus
- La location, l’acquisition et la vente de véhicules
- La restauration de véhicules
- L’entreposage de véhicules
- La formation dans le secteur automobile en général
- Le marketing (acquisition, vente et conseil dans le secteur automobile)
- L’évènementiel dans le domaine du sport et de l’automobile en général
- L’acquisition, la vente, la location, la conception et la fabrication de flight-cases (matériel de transport et d’entreposage)
- L’acquisition, la vente, l’aménagement et transformation véhicules utilitaires
- L’exécution de mandats d’administrateur, de gérant de société ou de liquidateur dans d’autres sociétés
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 63073B2528/00D000 | Wallonia | 1,260 m² | 1 · 133 m² | 6.2 m · 2 |