LBLH Protect
ActiveSummary
LBLH Protect is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show negative equity (-€114,815) and a net result of -€149,142. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 8% of 2464 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 2464 sector peers (2025).
NBB · sector comparisonPosition among 2464 sector peers
Solvency
better than 8%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 8 filingsDeviation from the deadline
2025
28 d late
2024
on the day
2023
8 d early
2022
28 d late
2021
8 d late
2020
15 d early
2019
25 d late
← 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 9 days after the deadline; the sector median for financial year 2024 is 5 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 8 August (5 of the last 5 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
-€114,815
2024 · €34,327
Net result
-€149,142
2024 · €188,767
Total assets
€2.9m▼ 8.0%
2024 · €3.2m
Solvency
-3.9%▼ 5.0pp
2024 · 1.1%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance 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€1,873▼ 87.0%-€57,724-€129,726▼ 125%€295,011-€20,091
Net result€1,364below the sector's middle half▼ 87.1%-€70,376below the sector's middle half€44,881within the sector's middle half€188,767above the sector's middle half▲ 321%-€149,142below the sector's middle half
Equity-€402below the sector's middle half▲ 77.2%-€70,779below the sector's middle half▼ 17,495%-€25,898below the sector's middle half▲ 63.4%€34,327below the sector's middle half-€114,815below the sector's middle half
Total assets€198,360within the sector's middle half▼ 2.6%€2.3mabove the sector's middle half▲ 1,078%€3.5mabove the sector's middle half▲ 48.5%€3.2mabove the sector's middle half▼ 8.6%€2.9mabove the sector's middle half▼ 8.0%
Debt€198,763▼ 3.3%€2.4m▲ 1,111%€3.5m▲ 45.2%€3.1m▼ 10.3%€3.0m▼ 3.3%
Working capital-€9,317below the sector's middle half▲ 5.6%-€419,555below the sector's middle half▼ 4,403%-€721,957below the sector's middle half▼ 72.1%-€306,968below the sector's middle half▲ 57.5%-€491,469below the sector's middle half▼ 60.1%
Solvency-0.2%below the sector's middle half▲ 0.7pp-3.0%below the sector's middle half▼ 2.8pp-0.7%below the sector's middle half▲ 2.3pp1.1%below the sector's middle half▲ 1.8pp-3.9%below the sector's middle half▼ 5.0pp
Current ratio0.89below the sector's middle half▲ 0.030.20below the sector's middle half▼ 0.690.22below the sector's middle half▲ 0.010.61below the sector's middle half▲ 0.390.50below the sector's middle half▼ 0.11
Return on assets (ROA)0.7%below the sector's middle half▼ 4.5pp-3.0%below the sector's middle half▼ 3.7pp1.3%within the sector's middle half▲ 4.3pp6.0%within the sector's middle half▲ 4.7pp-5.1%below the sector's middle half▼ 11.1pp
Staff (FTE)1.5▲ 15.4%2▲ 33.3%3.6▲ 80.0%12.5▲ 247%13.5▲ 8.0%
above
within
below
the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance 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 turns negative in 2025: a loss of €20,091 after €295,011 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.9m
Fixed assets
€2.4m ▼ 9.8%
Current assets
€490,776 ▲ 2.4%
Key figures and ratios
Debt ≤ 1 year
€982,245▲
2024 · €786,271
Debt > 1 year
€2.1m▼
2024 · €2.3m
Income taxes
€45,374▲
2024 · €24,791
Staff costs
€707,780▲
2024 · €590,945
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €90,826 | €122,452 | €199,771 | €590,945 | €707,780 | ▲ 19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,372 | €23,150 | €76,551 | €336,970 | €353,396 | ▲ 4.9% |
| Other operating charges640/8 | €2,420 | €2,390 | €19,758 | €8,905 | €6,143 | ▼ 31.0% |
| Non-recurring operating charges66A | - | €259 | €400 | - | - | - |
| Gross operating margin9900 | €118,489 | €90,527 | €166,754 | €1.2m | €1.0m | ▼ 15.0% |
| Operating profit (loss)9901 | €1,873 | -€57,724 | -€129,726 | €295,011 | -€20,091 | ▼ 107% |
| Financial income75/76B | €3,602 | €0 | €235,956 | €56 | €2,100 | ▲ 3,674% |
| Recurring financial income75 | €3,602 | €0 | €235,956 | €56 | €2,100 | ▲ 3,674% |
| Financial charges65/66B | €4,060 | €12,430 | €61,349 | €81,508 | €85,777 | ▲ 5.2% |
| Recurring financial charges65 | €4,060 | €12,430 | €61,349 | €81,508 | €85,777 | ▲ 5.2% |
| Profit (loss) for the period before taxes9903 | €1,414 | -€70,154 | €44,881 | €213,558 | -€103,768 | ▼ 149% |
| Income taxes67/77 | €50 | €222 | - | €24,791 | €45,374 | ▲ 83.0% |
| Profit (loss) for the period9904 | €1,364 | -€70,376 | €44,881 | €188,767 | -€149,142 | ▼ 179% |
| Profit (loss) for the period to be appropriated9905 | €1,364 | -€70,376 | €44,881 | €188,767 | -€149,142 | ▼ 179% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €198,360 | €2.3m | €3.5m | €3.2m | €2.9m | ▼ 8.0% |
| Fixed assets21/28 | €122,001 | €2.2m | €3.3m | €2.7m | €2.4m | ▼ 9.8% |
| Intangible fixed assets21 | €116,406 | €95,515 | €1.0m | €2.7m | €2.3m | ▼ 12.2% |
| Tangible fixed assets22/27 | €5,446 | €3,186 | €20,854 | €27,068 | €81,706 | ▲ 202% |
| Furniture and vehicles24 | €5,446 | €3,186 | €20,854 | €15,142 | €63,749 | ▲ 321% |
| Other tangible fixed assets26 | - | - | - | €11,926 | €17,958 | ▲ 50.6% |
| Financial fixed assets28 | €150 | €2.1m | €2.2m | €6,150 | €10,680 | ▲ 73.7% |
| Current assets29/58 | €76,359 | €107,050 | €201,093 | €479,303 | €490,776 | ▲ 2.4% |
| Amounts receivable within one year40/41 | €25,343 | €36,614 | €59,116 | €161,128 | €224,221 | ▲ 39.2% |
| Trade receivables40 | €25,343 | €36,614 | €59,116 | €113,920 | €146,970 | ▲ 29.0% |
| Other amounts receivable41 | - | - | - | €47,209 | €77,251 | ▲ 63.6% |
| Cash at bank and in hand54/58 | €6,771 | €32,389 | €58,691 | €81,070 | €38,844 | ▼ 52.1% |
| Deferred charges and accrued income490/1 | €44,246 | €38,046 | €83,286 | €237,104 | €227,711 | ▼ 4.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €198,360 | €2.3m | €3.5m | €3.2m | €2.9m | ▼ 8.0% |
| Equity10/15 | -€402 | -€70,779 | -€25,898 | €34,327 | -€114,815 | ▼ 434% |
| Contributions10/11 | €40,000 | €40,000 | €40,000 | €40,000 | €40,000 | = |
| Profit (loss) carried forward14 | -€40,402 | -€110,779 | -€65,898 | -€5,673 | -€154,815 | ▼ 2,629% |
| Amounts payable17/49 | €198,763 | €2.4m | €3.5m | €3.1m | €3.0m | ▼ 3.3% |
| Amounts payable after more than one year17 | €113,087 | €1.9m | €2.6m | €2.3m | €2.1m | ▼ 12.7% |
| Financial debts170/4 | €113,087 | €1.9m | €2.6m | €2.3m | €2.1m | ▼ 12.7% |
| Amounts payable within one year42/48 | €85,676 | €526,605 | €923,050 | €786,271 | €982,245 | ▲ 24.9% |
| Current portion of amounts payable after more than one year42 | €22,840 | €203,194 | €296,240 | €382,005 | €442,532 | ▲ 15.8% |
| Financial debts43 | €19,000 | €13,029 | €27,436 | €25,000 | €136,010 | ▲ 444% |
| Credit institutions430/8 | €19,000 | €13,029 | €27,436 | €25,000 | €136,010 | ▲ 444% |
| Trade debts44 | €15,097 | €24,632 | €38,798 | €107,840 | €60,365 | ▼ 44.0% |
| Suppliers440/4 | €15,097 | €24,632 | €38,798 | €107,840 | €60,365 | ▼ 44.0% |
| Taxes, remuneration and social security45 | €8,745 | €14,549 | €32,157 | €98,682 | €92,200 | ▼ 6.6% |
| Taxes450/3 | €50 | €272 | €149 | €24,763 | - | - |
| Remuneration and social security454/9 | €8,695 | €14,277 | €32,007 | €73,918 | €92,200 | ▲ 24.7% |
| Other amounts payable47/48 | €19,995 | €271,199 | €528,420 | €172,744 | €251,139 | ▲ 45.4% |
| Accrued charges and deferred income492/3 | - | - | €1,456 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,364 | -€70,376 | €44,881 | €188,767 | -€149,142 | ▼ 179% |
| + Depreciation and write-downs630 | €23,372 | €23,150 | €76,551 | €336,970 | €353,396 | ▲ 4.9% |
| Operating cash flow (approximation) | €24,736 | -€47,226 | €121,432 | €525,737 | €204,254 | ▼ 61.1% |
| Investment in fixed assets (approximation) | - | -€2.1m | -€1.1m | €240,069 | -€89,496 | ▼ 137% |
| Change in cash | - | €25,619 | €26,302 | €22,379 | -€42,226 | ▼ 289% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Weakest financial yearnet -€149,142
Net result drops to -€149,142, the lowest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €188,767 ▲321%
Operating result €295,011, net result €188,767, both a record.
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €44,881
Net result €44,881 after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
08-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 8 days late
2021
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €10,537
Net result €10,537 after 2 loss-making years.
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 25 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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, Wanze · 3 establishment units since 2017
Ground area
2,674 m²
Building footprint
659 m²
Volume, LiDAR
3,832 m³
3 parcels, Wallonia · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
3 establishment units
LBLH PROTECT
since 20172.268.395.676
LBLH Protect
since 20232.347.532.335
LBLH Protect
since 20242.353.637.197
3 parcels
Wallonia
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61005B0516/00M014 | Wallonia | 1,587 m² | 1 · 225 m² | 4.8 m · 1 fl. |
| 56078D0029/00P003 | Wallonia | 735 m² | 1 · 296 m² | 9.5 m · 2 fl. |
| 92039B0026/00A004 | Wallonia | 352 m² | 1 · 137 m² | 7.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
3 ownersOwners 3
-
17%
- Sourceaccounts FINURSE 202516%
- Sourceaccounts ASPEE 202310%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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.
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Of 4,674 companies in sector 66220 we hold annual accounts for 3,222. 1,991 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
Founded24-08-2017
Fiscal year end31-12
Activities, NACEBEL 2025
66220Insurance agents and brokers
65111Insurance, reinsurance and pension funding, except compulsory social security
65112Insurance, reinsurance and pension funding, except compulsory social security
65121Insurance, reinsurance and pension funding, except compulsory social security
66290Activities auxiliary to financial services and insurance activities
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0680396008
Registered
19-03-2025
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.