LBtechnics
ActiveSummary
The computed 12-month bankruptcy probability of LBtechnics is 2.2% (moderate). The 2024 annual accounts show equity of €82,676 and a net result of €32,167. Equity is growing by ~54% per year across the filed fiscal years. Its solvency ranks better than 75% of 481 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability98▼-1
Solvency85▲+12
Growth78=
Track record94
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 2.76 against 2.22 in 2023; short-term debt: 26.1% and cash: 34.4% of total assets), and 39.8% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 33
Relative position
BE, all sectors
reference
Repair, maintenance and installation of machinery and equipment (NACE 33)
about 56% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-06-2025, 42 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
42 d early
2023
42 d early
2022
32 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 39 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€82,676▲ 59.6%
2023 · €51,798
Total assets
€137,361▲ 26.8%
2023 · €108,366
Net result
€32,167▲ 24.0%
2023 · €25,941
Working capital
€62,882▲ 66.2%
2023 · €37,825
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202220232024
Operating result€30,456-€33,421▲ 9.7%€42,604▲ 27.5%
Net result€24,990-€25,941▲ 3.8%€32,167▲ 24.0%
Equity€26,690-€51,798▲ 94.1%€82,676▲ 59.6%
Total assets€61,774-€108,366▲ 75.4%€137,361▲ 26.8%
Debt€35,084-€56,569▲ 61.2%€54,685▼ 3.3%
Working capital€20,501-€37,825▲ 84.5%€62,882▲ 66.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2024 is 27% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €137,361
Fixed assets
€38,692 ▼ 1.9%
Current assets
€98,669 ▲ 43.2%
Equity and liabilities €137,361
Equity
€82,676 ▲ 59.6%
Debt
€54,685 ▼ 3.3%
Debt's share of the balance-sheet total falls from 52.2% to 39.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€53,626▲
2023 · €38,599
Cash flow
€43,190▲
2023 · €31,119
Current ratio
2.76▲
2023 · 2.22
Quick ratio
2.48▲
2023 · 2.22
Debt to equity
0.66▼
2023 · 1.09
ROE
38.9%▼
2023 · 50.1%
ROA
23.4%▼
2023 · 23.9%
Interest coverage
29.21▼
2023 · 31.89
Debt ≤ 1 year
€35,787▲
2023 · €31,086
Debt > 1 year
€18,243▼
2023 · €24,874
Income taxes
€8,827▲
2023 · €6,465
Staff costs
€27,307
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €27,307 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,731 | €5,178 | €11,023 | ▲ 113% |
| Other operating charges640/8 | €344 | €2,402 | €1,452 | ▼ 39.5% |
| Gross operating margin9900 | €34,532 | €41,000 | €82,385 | ▲ 101% |
| Operating profit (loss)9901 | €30,456 | €33,421 | €42,604 | ▲ 27.5% |
| Financial income75/76B | €1 | €196 | €227 | ▲ 15.6% |
| Recurring financial income75 | €1 | €196 | €227 | ▲ 15.6% |
| Financial charges65/66B | €70 | €1,210 | €1,836 | ▲ 51.7% |
| Recurring financial charges65 | €70 | €1,210 | €1,836 | ▲ 51.7% |
| Profit (loss) for the period before taxes9903 | €30,387 | €32,406 | €40,994 | ▲ 26.5% |
| Income taxes67/77 | €5,397 | €6,465 | €8,827 | ▲ 36.5% |
| Profit (loss) for the period9904 | €24,990 | €25,941 | €32,167 | ▲ 24.0% |
| Profit (loss) for the period to be appropriated9905 | €24,990 | €25,941 | €32,167 | ▲ 24.0% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €61,774 | €108,366 | €137,361 | ▲ 26.8% |
| Fixed assets21/28 | €20,568 | €39,455 | €38,692 | ▼ 1.9% |
| Tangible fixed assets22/27 | €20,568 | €36,755 | €35,992 | ▼ 2.1% |
| Plant, machinery and equipment23 | €2,107 | €6,179 | €12,192 | ▲ 97.3% |
| Furniture and vehicles24 | €18,462 | €30,576 | €23,800 | ▼ 22.2% |
| Financial fixed assets28 | - | €2,700 | €2,700 | = |
| Current assets29/58 | €41,205 | €68,911 | €98,669 | ▲ 43.2% |
| Stocks and contracts in progress3 | - | - | €9,915 | - |
| Stocks30/36 | - | - | €9,915 | - |
| Amounts receivable within one year40/41 | €13,635 | €9,329 | €37,859 | ▲ 306% |
| Trade receivables40 | €13,437 | €6,209 | €29,231 | ▲ 371% |
| Other amounts receivable41 | €198 | €3,120 | €8,628 | ▲ 177% |
| Cash at bank and in hand54/58 | €27,163 | €57,298 | €47,186 | ▼ 17.6% |
| Deferred charges and accrued income490/1 | €407 | €2,284 | €3,709 | ▲ 62.4% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €61,774 | €108,366 | €137,361 | ▲ 26.8% |
| Equity10/15 | €26,690 | €51,798 | €82,676 | ▲ 59.6% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | = |
| Reserves13 | €24,190 | €49,298 | €80,176 | ▲ 62.6% |
| Distributable reserves133 | €24,190 | €49,298 | €80,176 | ▲ 62.6% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €35,084 | €56,569 | €54,685 | ▼ 3.3% |
| Amounts payable after more than one year17 | €14,380 | €24,874 | €18,243 | ▼ 26.7% |
| Financial debts170/4 | €14,380 | €24,874 | €18,243 | ▼ 26.7% |
| Amounts payable within one year42/48 | €20,704 | €31,086 | €35,787 | ▲ 15.1% |
| Current portion of amounts payable after more than one year42 | €4,314 | €6,403 | €6,631 | ▲ 3.6% |
| Trade debts44 | €1,680 | €8,336 | €12,767 | ▲ 53.2% |
| Suppliers440/4 | €1,680 | €8,336 | €12,767 | ▲ 53.2% |
| Taxes, remuneration and social security45 | €1,096 | €6,975 | €7,980 | ▲ 14.4% |
| Taxes450/3 | €1,096 | €6,975 | €5,819 | ▼ 16.6% |
| Remuneration and social security454/9 | - | - | €2,160 | - |
| Other amounts payable47/48 | €13,614 | €9,372 | €8,409 | ▼ 10.3% |
| Accrued charges and deferred income492/3 | - | €609 | €655 | ▲ 7.6% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,990 | €25,941 | €32,167 | ▲ 24.0% |
| + Depreciation and write-downs630 | €3,731 | €5,178 | €11,023 | ▲ 113% |
| Operating cash flow (approximation) | €28,721 | €31,119 | €43,190 | ▲ 38.8% |
| Investment in fixed assets (approximation) | - | -€24,065 | -€10,260 | ▲ 57.4% |
| Change in cash | - | €30,135 | -€10,112 | ▼ 134% |
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
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2022net €32,167 ▲24%
Operating result €42,604, net result €32,167, both a record.
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Oudenburg · 1 establishment unit since 2022
Ground area
1,240 m²
Building footprint
227 m²
Volume, LiDAR
924 m³
Parcel 35014B0753/00L002, Flanders · tallest building 8.9 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
LBtechnics
since 20222.329.856.658
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35014B0753/00L002 | Flanders | 1,240 m² | 1 · 227 m² | 8.9 m · 1 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 1,226 companies in sector 33200 we hold annual accounts for 677. 515 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
Founded30-03-2022
Fiscal year end31-12
Activities, NACEBEL 2025
33120Repair and maintenance of machinery
33200Installation of industrial machinery and equipment
43350Other building finishing work
74999Other professional, scientific and technical activities
Scores and ratios are computed by Checked and are not a credit decision.