LBV PARTNERS
ActiveLBV PARTNERS has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-307k) and a net result of €-112k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 670 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
34
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 4.96 against 2.37 in 2024; short-term debt: 14.4% and cash: 3.3% of total assets), but equity is negative.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 2025Solvency, return and age of the figures
Solvency
-108.3%
Return on assets
-39.5%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €-307k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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 · 10 filingsDeviation from the deadline
2025
25 d late
2024
28 d late
2023
30 d early
2022
31 d late
2021
5 d late
2020
13 d late
2019
24 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-112k▲ 85.2%
2024 · €-759k
2019: €-5k
2020: €-2k
2021: €-4k
2022: €25k
2023: €-3k
2024: €-759k
2019 → 2025
Working capital
€162k▼ 39.6%
2024 · €269k
2019: €1.32M
2020: €1.05M
2021: €988k
2022: €936k
2023: €953k
2024: €269k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€542k-€567k▲ 4.5%€564k▼ 0.5%€-195k€-307k▼ 57.4%
Operating result€18k-€52k▲ 195%€28k▼ 46.2%€-745k€-107k▲ 85.6%
Net result€-4k-€25k€-3k€-759k▼ 25,240%€-112k▲ 85.2%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €107k in 2025 against €745k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €284k
Fixed assets
€80k▼ 38.1%
Current assets
€203k▼ 56.4%
Key figures and ratios
EBITDA
€-58k▲
2024 · €-694k
Cash flow
€-63k▲
2024 · €-709k
Solvency
-108.3%▼
2024 · -32.8%
Current ratio
4.96▲
2024 · 2.37
Quick ratio
4.96▲
2024 · 2.37
Debt / equity
-1.91▲
2024 · -4.02
ROA
-39.5%▲
2024 · -127.4%
Interest coverage
-7.70▲
2024 · -39.35
Debt
€588k▼
2024 · €786k
Debt ≤ 1 year
€41k▼
2024 · €197k
Debt > 1 year
€547k▼
2024 · €589k
Income taxes
€327▼
2024 · €349
Staff costs
€15k▼
2024 · €504k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€596k€284k▼
Fixed assets21/28€130k€80k▼
Tangible fixed assets22/27€130k€80k▼
Land and buildings22€130k€80k▼
Current assets29/58€466k€203k▼
Amounts receivable after more than one year29€100k-
Other amounts receivable291€100k-
Amounts receivable within one year40/41€216k€192k▼
Trade receivables40€45k€7k▼
Other amounts receivable41€171k€184k▲
Cash at bank and in hand54/58€125k€10k▼
Deferred charges and accrued income490/1€25k€2k▼
Equity and liabilities
Total equity and liabilities10/49€596k€284k▼
Equity10/15€-195k€-307k▼
Contributions10/11€150k€150k=
Capital10€150k€150k=
Issued capital100€150k€150k=
Reserves13€14k€11k▼
Tax-exempt reserves132€14k€11k▼
Profit (loss) carried forward14€-359k€-468k▼
Provisions and deferred taxes16€5k€3k▼
Deferred taxes168€5k€3k▼
Amounts payable17/49€786k€588k▼
Amounts payable after more than one year17€589k€547k▼
Financial debts170/4€107k€65k▼
Other amounts payable178/9€482k€482k=
Amounts payable within one year42/48€197k€41k▼
Current portion of amounts payable after more than one year42€26k€2k▼
Trade debts44€115k€31k▼
Suppliers440/4€115k€31k▼
Taxes, remuneration and social security45€57k€327▼
Taxes450/3€349€327▼
Remuneration and social security454/9€56k-
Other amounts payable47/48-€8k
Income statement
Code20242025
Remuneration, social security and pensions62€504k€15k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€51k€50k▼
Other operating charges640/8€29k€31k▲
Gross operating margin9900€-162k€-12k▲
Operating profit (loss)9901€-745k€-107k▲
Financial income75/76B€2k€1k▼
Recurring financial income75€2k€1k▼
Financial charges65/66B€18k€8k▼
Recurring financial charges65€18k€8k▼
Profit (loss) for the period before taxes9903€-761k€-114k▲
Transfer from deferred taxes780€2k€2k=
Income taxes67/77€349€327▼
Profit (loss) for the period9904€-759k€-112k▲
Transfer from tax-exempt reserves789€4k€4k=
Profit (loss) for the period to be appropriated9905€-756k€-109k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-749k€-468k▲
Profit (loss) brought forward from the previous period14P€7k€-359k▼
Transfer from equity791/2€390k-
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-09
State Gazette act
Registered officeGeneral meeting · Registered-office move2 facts ▸
State Gazette act
Registered office
General meeting · Registered-office move2 facts ▸
- General meeting, 2026-09-08
- Registered-office move, Chaussée de Lille(TOU) 327 boîte 0.4, 7500 Tournai
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 25 days late
2025
31-12
Financial
Liquidity doublescurrent ratio 4.96
Current ratio from 2.37 to 4.96; short-term debt falls from €197k to €41k.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 28 days late
2024
31-12
Financial
Weakest financial yearnet €-759k
Net result drops to €-759k, the lowest in the series; recovery starts the following year.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
31-12
Financial
Back to profitnet €25k
Net result €25k after 3 loss-making years.
05-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 5 days late
2021
13-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 13 days late
2020
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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, Tournai · 1 establishment unit since 1988
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Chaussée de Lille(TOU) 3277500 TournaiGround area
5,136 m²
Building footprint
5,854 m²
2 parcels, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue des Tilleuls(WAR) 37, 7740 Pecq
since 19882.041.363.911
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57086A0279/00C004 | Wallonia | 3,172 m² | 1 · 5,392 m² | - |
| 57463L0290/00F000 | Wallonia | 1,965 m² | 1 · 462 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Twenty Three
BE 0672.419.737
Izegem · Eq €565k
A.T.F.C.
BE 0865.146.364
Ramillies · Eq €563k
ROBO CONSTRUCTIONS METALLIQUES
BE 0475.645.141
Soignies · Eq €562k
METAALCONSTRUCTIE LEURIDAN
BE 0478.312.245
Wingene · Eq €567k
ATELIERS LUCIEN DELPORTE
BE 0414.984.311
Tournai · Eq €561k
Of 3,987 companies in sector 25110 we hold annual accounts for 2,148. 1,535 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded16-12-1988
Fiscal year end31-12
Activities, NACEBEL
25110Manufacture of metal structures and parts of structures
28110
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.