LBSA
ActiveSummary
LBSA has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€262,509) and a net result of -€153,961. Equity fluctuates too strongly from year to year to read a trend from it. The computed 12-month bankruptcy probability is 1.4% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 04-11-2020 Normal situation
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.309.519.124 7700 Mouscron, since 04-11-2020
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.4%
- Gross margin
- -€40,074
- ▲ 21.8%
- Loss
- €153,961
- ▼ 11.7%
- Equity
- -€262,509
- ▼ 142%
- Total assets
- €4.3m
- ▼ 3.7%
- Negative equity on 31-12-2024
- 2025 accounts not filed, 94 days past the deadline
Score breakdownraises riskCapped at 59: negative equityFigures for financial year 2024 (filed on 26-09-2025)1 financial year not filed after the legal deadline; last filed accounts filed 57 days late; 3 of the last 3 accounts latelowers riskSize: total assets €4.3mNo main activity registeredShow the evidence
Checked score
About 1 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 (no NACE code, small). It does better than 7% of them on solvency, 69% on liquidity, 6% on profitability and 2% on growth.
The bankruptcy probability was computed on 01-11-2026 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.
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).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 4 accounts on average 112 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (1)
Financials
Financials · financial year 2024, full format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 2 November 2026.
Annual accounts 2024 filed on 26-09-2025 PDF all 4 filings
2021 to 2024, 4 financial years
The operating result for 2024 is a loss of €153,729, smaller than the loss of €174,336 in 2023.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Tangible fixed assets | €4.4m | €34,335 | €8,777 | €6,168 |
| Intangible fixed assets | €77,422 | - | - | - |
| Depreciation and write-downs of the year | €74,030 | €95,891 | €105,100 | €102,154 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Companies with the same profile, two years later
Historical observationIn July 2024, 1,167 companies had the same profile as LBSA has now. Two years later, 2.0% had gone bankrupt and 94.9% were still going.
- Small
- 5 to 10 years old
- negative equity
- a small loss
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LBSA itself: 1.4% 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 1,167 companies, not a prediction for LBSA. 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.
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €32,047 | €102,561 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €74,030 | €95,891 | €105,100 | €102,154 | ▼ 2.8% |
| Other operating charges640/8 | €4,844 | €18,857 | €17,982 | €11,501 | ▼ 36.0% |
| Gross operating margin9900 | €100,662 | €395,928 | -€51,254 | -€40,074 | ▲ 21.8% |
| Operating profit (loss)9901 | -€10,259 | €178,620 | -€174,336 | -€153,729 | ▲ 11.8% |
| Financial income75/76B | €2 | €481 | - | - | - |
| Recurring financial income75 | €2 | €481 | - | - | - |
| Non-recurring financial income76B | €2 | €481 | - | - | - |
| Financial charges65/66B | €537 | €69,515 | €81 | €232 | ▲ 187% |
| Recurring financial charges65 | €537 | €66,993 | €81 | €232 | ▲ 187% |
| Non-recurring financial charges66B | - | €2,522 | - | - | - |
| Profit (loss) for the period before taxes9903 | -€10,794 | €109,585 | -€174,417 | -€153,961 | ▲ 11.7% |
| Income taxes67/77 | - | €37,923 | - | - | - |
| Profit (loss) for the period9904 | -€10,794 | €71,662 | -€174,417 | -€153,961 | ▲ 11.7% |
| Profit (loss) for the period to be appropriated9905 | -€10,794 | €71,662 | -€174,417 | -€153,961 | ▲ 11.7% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €5.0m | €4.7m | €4.5m | €4.3m | ▼ 3.7% |
| Fixed assets21/28 | €4.4m | €4.3m | €4.2m | €4.1m | ▼ 2.3% |
| Intangible fixed assets21 | €0.08m | €0.08m | €0.08m | €0.08m | = |
| Tangible fixed assets22/27 | €4.3m | €4.2m | €4.1m | €4.0m | ▼ 2.3% |
| Land and buildings22 | €4.3m | €4.2m | €4.1m | €4.0m | ▼ 2.3% |
| Current assets29/58 | €0.6m | €0.4m | €0.3m | €0.2m | ▼ 23.1% |
| Stocks and contracts in progress3 | €0.002m | - | - | - | - |
| Stocks30/36 | €0.002m | - | - | - | - |
| Amounts receivable within one year40/41 | €0.006m | €0.003m | €0.02m | €0.02m | ▼ 4.2% |
| Trade receivables40 | - | €0.003m | - | - | - |
| Other amounts receivable41 | €0.006m | - | €0.02m | €0.02m | ▼ 4.2% |
| Current investments50/53 | - | - | - | €0.1m | - |
| Cash at bank and in hand54/58 | €0.6m | €0.4m | €0.3m | €0.1m | ▼ 59.3% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €5.0m | €4.7m | €4.5m | €4.3m | ▼ 3.7% |
| Equity10/15 | -€0.006m | €0.07m | -€0.1m | -€0.3m | ▼ 142% |
| Contributions10/11 | €0.005m | €0.005m | €0.005m | €0.005m | = |
| Profit (loss) carried forward14 | -€0.01m | €0.06m | -€0.1m | -€0.3m | ▼ 136% |
| Amounts payable17/49 | €5.0m | €4.6m | €4.6m | €4.6m | ▼ 0.3% |
| Amounts payable after more than one year17 | €5.0m | €0.4m | €4.4m | €4.4m | = |
| Financial debts170/4 | €4.5m | - | - | - | - |
| Other amounts payable178/9 | €0.5m | €0.4m | €4.4m | €4.4m | = |
| Amounts payable within one year42/48 | €0.002m | €4.3m | €0.2m | €0.2m | ▼ 4.5% |
| Trade debts44 | €0.002m | €0.01m | €0.01m | €0.003m | ▼ 71.5% |
| Suppliers440/4 | €0.002m | €0.01m | €0.01m | €0.003m | ▼ 71.5% |
| Taxes, remuneration and social security45 | - | €0.04m | €0.002m | - | - |
| Taxes450/3 | - | €0.04m | €0.002m | - | - |
| Other amounts payable47/48 | - | €4.2m | €0.2m | €0.2m | = |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10,794 | €71,662 | -€174,417 | -€153,961 | ▲ 11.7% |
| + Depreciation and write-downs630 | €74,030 | €95,891 | €105,100 | €102,154 | ▼ 2.8% |
| Operating cash flow (approximation) | €63,236 | €167,553 | -€69,317 | -€51,807 | ▲ 25.3% |
| Investment in fixed assets (approximation) | - | -€34,335 | -€8,777 | -€6,175 | ▲ 29.6% |
| Change in cash | - | -€174,395 | -€127,017 | -€169,149 | ▼ 33.2% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Timeline
Acts, filings and financial milestones
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
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 |
|---|---|---|---|---|
| 54436A0516/00P003 | Wallonia | 1,745 m² | 1 · 530 m² | - |