LBW-Halen
ActiveSummary
LBW-Halen has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-61k) and a net result of €-87k. Equity is shrinking by ~49.5% per year across the filed fiscal years. Its solvency ranks better than 14% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability27▲+9
Solvency22▼-4
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
short-term debt: 0.6% and cash: 0% of total assets, and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
-2.9%
Return on assets
-4.1%
Age of the figures
15 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year €-61k
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 11-02-2026, 11 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 · 6 filingsDeviation from the deadline
2025
11 d late
2024
25 d late
2023
6 d late
2022
15 d early
2021
41 d early
2020
39 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-61k
2024 · €25k
Total assets
€2.10M▼ 4.0%
2024 · €2.19M
Net result
€-87k▼ 855%
2024 · €-9k
Working capital
€2.09M▼ 4.0%
2024 · €2.17M
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
Line20212022202320242025
Operating result€-9k▼ 198%€-11k▼ 18.9%€61k€-8k€-11k▼ 29.6%
Net result€-11k▼ 239%€-11k▼ 1.8%€53k€-9k€-87k▼ 855%
Equity€-8k€-19k▼ 140%€34k€25k▼ 26.6%€-61k
Total assets€2.14M▲ 0.6%€2.14M▲ 0.1%€2.21M▲ 3.3%€2.19M▼ 1.3%€2.10M▼ 4.0%
Debt€2.15M▲ 1.1%€2.16M▲ 0.6%€2.18M▲ 0.8%€2.16M▼ 0.9%€2.16M=
Working capital€-1.86M▼ 0.6%€277k€2.18M▲ 686%€2.17M▼ 0.4%€2.09M▼ 4.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €11k in 2025 against €8k in 2024; the loss grows and 2025 has the lowest result in the available series.
Key figures and ratios
Solvency
-2.9%▼
2024 · 1.1%
Quick ratio
66.15▲
2024 · 65.73
Debt to equity
-35.12▼
2024 · 86.31
ROA
-4.1%▼
2024 · -0.4%
Debt ≤ 1 year
€12k▼
2024 · €13k
Debt > 1 year
€2.15M=
2024 · €2.15M
A ratio outside any meaningful range has been withheld (balance sheet total €2.10M, equity €-61k).
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €578 | €578 | €578 | €274 | - | - |
| Other operating charges640/8 | - | €410 | €2k | €1k | €1k | ▲ 11.5% |
| Gross operating margin9900 | €-8k | €-10k | €64k | €-7k | €-10k | ▼ 37.8% |
| Operating profit (loss)9901 | €-9k | €-11k | €61k | €-8k | €-11k | ▼ 29.6% |
| Financial income75/76B | - | - | €0 | - | - | - |
| Recurring financial income75 | - | - | €0 | - | - | - |
| Financial charges65/66B | - | €374 | €446 | €581 | €76k | ▲ 12,890% |
| Recurring financial charges65 | €2k | €374 | €446 | €581 | €531 | ▼ 8.6% |
| Non-recurring financial charges66B | - | - | - | - | €75k | - |
| Profit (loss) for the period before taxes9903 | €-11k | €-11k | €61k | €-9k | €-87k | ▼ 855% |
| Income taxes67/77 | - | - | €8k | - | - | - |
| Profit (loss) for the period9904 | €-11k | €-11k | €53k | €-9k | €-87k | ▼ 855% |
| Profit (loss) for the period to be appropriated9905 | €-11k | €-11k | €53k | €-9k | €-87k | ▼ 855% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.14M | €2.14M | €2.21M | €2.19M | €2.10M | ▼ 4.0% |
| Formation expenses20 | €1k | €853 | €274 | - | - | - |
| Fixed assets21/28 | €1.85M | €1.85M | - | - | - | - |
| Tangible fixed assets22/27 | €1.85M | €1.85M | - | - | - | - |
| Land and buildings22 | - | €1.85M | - | - | - | - |
| Current assets29/58 | €291k | €293k | €2.21M | €2.19M | €2.10M | ▼ 4.0% |
| Stocks and contracts in progress3 | €186k | €187k | €1.52M | €1.36M | €1.32M | ▼ 3.4% |
| Stocks30/36 | - | €187k | €1.52M | €1.36M | €1.32M | ▼ 3.4% |
| Amounts receivable within one year40/41 | €103k | €100k | €694k | €822k | €781k | ▼ 5.1% |
| Trade receivables40 | - | €24k | €24k | €2k | €24 | ▼ 99.0% |
| Other amounts receivable41 | - | €75k | €670k | €820k | €781k | ▼ 4.8% |
| Cash at bank and in hand54/58 | €1k | €6k | €2k | €418 | €794 | ▲ 90.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.14M | €2.14M | €2.21M | €2.19M | €2.10M | ▼ 4.0% |
| Equity10/15 | €-8k | €-19k | €34k | €25k | €-61k | ▼ 346% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Profit (loss) carried forward14 | €-14k | €-25k | €28k | €19k | €-68k | ▼ 460% |
| Amounts payable17/49 | €2.15M | €2.16M | €2.18M | €2.16M | €2.16M | = |
| Amounts payable after more than one year17 | - | €2.15M | €2.15M | €2.15M | €2.15M | = |
| Financial debts170/4 | - | €2.15M | €2.15M | €2.15M | €2.15M | = |
| Amounts payable within one year42/48 | €2.15M | €15k | €33k | €13k | €12k | ▼ 5.6% |
| Trade debts44 | €3k | €3k | €14k | €2k | - | - |
| Suppliers440/4 | - | €3k | €14k | €2k | - | - |
| Taxes, remuneration and social security45 | - | - | €8k | - | - | - |
| Taxes450/3 | - | - | €8k | - | - | - |
| Other amounts payable47/48 | - | €12k | €11k | €11k | €12k | ▲ 12.3% |
| Accrued charges and deferred income492/3 | - | - | €474 | €478 | €492 | ▲ 2.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-11k | €-11k | €53k | €-9k | €-87k | ▼ 855% |
| + Depreciation and write-downs630 | €578 | €578 | €578 | €274 | - | - |
| Operating cash flow (approximation) | €-10k | €-11k | €54k | €-9k | €-87k | ▼ 885% |
| Investment in fixed assets (approximation) | - | €-578 | - | - | - | - |
| Change in cash | - | €4k | €-4k | €-1k | €376 | ▲ 132% |
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
11-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 11 days late
2025
30-06
Financial
Weakest financial yearnet €-87k
Net result drops to €-87k, the lowest in the series.
25-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 25 days late
2024
30-06
Financial
Liquidity triplescurrent ratio 174.60
Current ratio from 67.85 to 174.60; short-term debt falls from €33k to €13k.
06-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 6 days late
2023
30-06
Financial
Back to profitnet €53k
Net result €53k after 3 loss-making years.
30-06
Financial
Liquidity quadruplescurrent ratio 67.85
Current ratio from 19.17 to 67.85.
16-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Liquidity times 142current ratio 19.17
Current ratio from 0.14 to 19.17; short-term debt falls from €2.15M to €15k.
2021
21-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
23-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Halen · 1 establishment unit since 2019
Ground area
3,215 m²
Building footprint
997 m²
Volume, LiDAR
10,751 m³
2 parcels, Flanders · tallest building 43.7 m, ±4 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
LBW-Halen
since 20192.287.445.387
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71020B0787/00C000indicative | Flanders | 1,843 m² | 1 · 786 m² | 43.6 m · 4 fl. |
| 71020B0765/00F002 | Flanders | 1,372 m² | 1 · 211 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 3,761 companies in sector 68321 we hold annual accounts for 1,391. 739 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 (pre-2019)
Founded21-12-2018
Fiscal year end30-06
Activities, NACEBEL 2025
68321Property management for co-owned buildings (syndics)
Scores and ratios are computed by Checked and are not a credit decision.