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
Axes · tick = 2024
Profitability100=
Solvency67=
Growth32=
Stability100
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), 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
8 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
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
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
15-09-2026 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
ROE
36.5%▼
2024 · 388.8%
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 3,964 companies in sector 25110 we hold annual accounts for 2,132. 1,525 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 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.