Skip to content

LBX

Active
Public limited companyfounded 2014active for 12 yearsAvenue Greiner 1, 4100 Seraing, BelgiumKBO/BCE: BE 0554.892.953
Summary

LBX has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.3m and a net result of €318,434. Equity has been growing by about 8.6% per year since 2018. Its solvency ranks better than 31% of 49 sector peers (NACE 30, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Overview

Overview

Official details

Source: KBO
Status
Active since 30-06-2014 Normal situation
Registered office
20 active companies are registered at this address Source: KBO register, as of 5 November 2026.
Activity
Manufacture of other transport equipment NACE 30200and 3 others
Joint committees
111 Metal, mechanical and electrical engineering
209 White-collar workers in metal manufacturing · annual accounts 2025
Establishment unit
2.232.256.347 4100 Seraing, since 01-07-2014
Financial year end
31 December
Peppol
Reachable

Board and ownership

Board
  • Tignonsini ZaverioDirector · since 05-02-2020
  • Guillaume VincentDirector · since 18-07-2024
Shareholders
  • LUCCHINI RS S.P.A.annual accounts 2025
  • SINPAR S.P.A.annual accounts 2025

Financial position

82 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.4%
Annual accounts 2025
Turnover
€34.2m
▲ 30.4%
Profit
€318,434
▲ 21.7%
Equity
€3.3m
▲ 10.7%
Total assets
€21.0m
▲ 3.9%
Employees on 31-12-2025
62
▲ 5.1%
Score breakdownraises riskEquity €3.3m (15.7% of total assets)Liquidity: current ratio 2.17, cash €693,988Size: turnover €34.2m, 58.1 FTE, total assets €21.0mlowers riskFounded in 2014Show the evidence

Checked score

Score 2025
82 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 46% of companies in other transport equipment (NACE 30)
Financial strength · tick: 2024
Weak
Solvency 41+1
equity 15.7% of total assets
Liquidity 37+4
short-term debt 37.9% · cash 3.3%
Profitability 46+2
return on assets 1.5%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (14 companies, NACE 30, medium-sized)
Last 24 months 12-2024: 0.4% 01-2025: 0.4%● unchanged vs 12-2024 02-2025: 0.4%● unchanged vs 01-2025lowest value 03-2025: 0.4%● unchanged vs 02-2025 04-2025: 0.5%▲ +0.1 percentage points vs 03-2025 05-2025: 0.6%▲ +0.1 percentage points vs 04-2025highest value 06-2025: 0.6%● unchanged vs 05-2025 07-2025: 0.6%● unchanged vs 06-2025 08-2025: 0.6%● unchanged vs 07-2025 09-2025: 0.6%● unchanged vs 08-2025 10-2025: 0.5%▼ -0.1 percentage points vs 09-2025 11-2025: 0.5%● unchanged vs 10-2025 12-2025: 0.5%● unchanged vs 11-2025 01-2026: 0.5%● unchanged vs 12-2025 02-2026: 0.5%● unchanged vs 01-2026 03-2026: 0.5%● unchanged vs 02-2026 04-2026: 0.5%● unchanged vs 03-2026 05-2026: 0.4%▼ -0.1 percentage points vs 04-2026 06-2026: 0.4%● unchanged vs 05-2026 07-2026: 0.4%● unchanged vs 06-2026 08-2026: 0.4%● unchanged vs 07-2026 09-2026: 0.4%● unchanged vs 08-2026 10-2026: 0.4%● unchanged vs 09-2026 11-2026: 0.4%● unchanged vs 10-2026
Credit of up to €260,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.17 (1.92 in 2024), above the usual 1.5. Short-term debt is 37.9% and cash 3.3% of total assets. However, 84.3% of the assets are financed with debt and provisions.
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 (NACE 30). It does better than 26% of them on solvency, 46% on liquidity, 46% on profitability and 68% on growth.

The bankruptcy probability was computed on 04-11-2026 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.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

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

Five signals.
lowers riskraises riskneutral
raises risk · Equity €3.3m (15.7% of total assets)
NBB · annual accounts
raises risk · Liquidity: current ratio 2.17, cash €693,988
NBB · annual accounts
lowers risk · Founded in 2014
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Size: turnover €34.2m, 58.1 FTE, total assets €21.0m
Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-04-2026, 106 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
106 days early
2024
98 days early
2023
62 days early
2022
83 days early
2021
60 days early
2020
64 days early
2019
58 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 76 days before the deadline. In the sector (NACE 30), the median for financial year 2024 was 16 days before the deadline, and 30% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 9 May (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Financials

Financials · financial year 2025, full format

Annual accounts 2025 filed on 16-04-2026 PDF all 12 filings

Turnover
€34.2m▲ 30.4%
2024 · €26.2m
EBIT margin
1.7%▼ 0.6pp
2024 · 2.3%
Net result
€318,434▲ 21.7%
2024 · €261,708
Working capital
€9.3m▲ 18.1%
2024 · €7.9m
Multi-year overview
2018 to 2025, 8 financial years
Turnover
€34.2m
▲ 30.4% 2025
20182025
Operating result
€598,210
▼ 2.3% 2025
20182025
Net result
€318,434
▲ 21.7% 2025
middle half of the sector
20182025
EBIT margin
1.7%
▼ 0.6pp 2025
20182025
Equity
€3.3m
▲ 10.7% 2025
middle half of the sector
20182025
Total assets
€21.0m
▲ 3.9% 2025
middle half of the sector
20182025
Debt
€17.0m
▲ 2.2% 2025
20182025
Working capital
€9.3m
▲ 18.1% 2025
middle half of the sector
20182025
Solvency
15.7%
▲ 1.0pp 2025
middle half of the sector
20182025
Current ratio
2.17
▲ 0.25 2025
middle half of the sector
20182025
Return on assets (ROA)
1.5%
▲ 0.2pp 2025
middle half of the sector
20182025
Staff (FTE)
58.1
▲ 11.9% 2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Turnover€9.3m-€12.7m▲ 37.2%€16.4m▲ 28.7%€17.4m▲ 6.2%€17.2m▼ 1.2%€19.8m▲ 15.3%€26.2m▲ 32.4%€34.2m▲ 30.4%
Operating result-€0.6m--€1.4m▼ 131%-€0.8m▲ 43.6%-€0.1m▲ 82.5%€0.04m€0.8m▲ 19×€0.6m▼ 25.3%€0.6m▼ 2.3%
Net result-€0.6m--€1.4m▼ 144%-€0.8mbelow the sector's middle half▲ 43.7%-€0.2mbelow the sector's middle half▲ 80.6%-€0.03mwithin the sector's middle half▲ 79.5%€0.4mwithin the sector's middle half€0.3mwithin the sector's middle half▼ 35.2%€0.3mwithin the sector's middle half▲ 21.7%
EBIT margin-6.5%--11.0%▼ 4.5pp-4.8%▲ 6.2pp-0.8%▲ 4.0pp0.3%▲ 1.0pp4.1%▲ 3.9pp2.3%▼ 1.8pp1.7%▼ 0.6pp
Equity€1.8m-€0.4m▼ 78.9%€2.6mwithin the sector's middle half▲ 557%€2.4mwithin the sector's middle half▼ 6.8%€2.3mwithin the sector's middle half▼ 2.0%€2.7mwithin the sector's middle half▲ 16.6%€3.0mwithin the sector's middle half▲ 9.0%€3.3mwithin the sector's middle half▲ 10.7%
Total assets€10.9m-€12.4m▲ 14.2%€12.2mwithin the sector's middle half▼ 2.0%€11.2mwithin the sector's middle half▼ 7.5%€14.9mwithin the sector's middle half▲ 32.6%€15.6mwithin the sector's middle half▲ 4.5%€20.2mwithin the sector's middle half▲ 29.9%€21.0mwithin the sector's middle half▲ 3.9%
Debt€8.9m-€11.8m▲ 32.9%€9.3m▼ 20.9%€8.6m▼ 8.4%€12.2m▲ 42.6%€12.3m▲ 1.2%€16.6m▲ 34.6%€17.0m▲ 2.2%
Working capital€2.4m-€1.1m▼ 56.0%€0.5mwithin the sector's middle half▼ 57.5%€3.8mwithin the sector's middle half▲ 750%€7.2mwithin the sector's middle half▲ 87.1%€7.9mwithin the sector's middle half▲ 9.2%€7.9mwithin the sector's middle half▲ 0.1%€9.3mwithin the sector's middle half▲ 18.1%
Solvency17.0%-3.1%▼ 13.9pp21.1%within the sector's middle half▲ 17.9pp21.2%below the sector's middle half▲ 0.2pp15.7%below the sector's middle half▼ 5.5pp17.5%within the sector's middle half▲ 1.8pp14.7%below the sector's middle half▼ 2.8pp15.7%within the sector's middle half▲ 1.0pp
Current ratio1.50-1.15▼ 0.351.06below the sector's middle half▼ 0.092.08within the sector's middle half▲ 1.032.72within the sector's middle half▲ 0.632.81within the sector's middle half▲ 0.101.92within the sector's middle half▼ 0.892.17within the sector's middle half▲ 0.25
Return on assets (ROA)-5.5%--11.6%▼ 6.2pp-6.7%within the sector's middle half▲ 5.0pp-1.4%within the sector's middle half▲ 5.3pp-0.2%within the sector's middle half▲ 1.2pp2.6%within the sector's middle half▲ 2.8pp1.3%within the sector's middle half▼ 1.3pp1.5%within the sector's middle half▲ 0.2pp
Staff (FTE)35.1-44.3▲ 26.2%44.8within the sector's middle half▲ 1.1%47.9within the sector's middle half▲ 6.9%50.9▲ 6.3%50.6within the sector's middle half▼ 0.6%51.9within the sector's middle half▲ 2.6%58.1within the sector's middle half▲ 11.9%
above within below The sector band is the middle half of the companies in Manufacture of other transport equipment (NACE 30). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.

The operating result for 2025 is 2% lower than in 2024 and the lowest since 2022. It is the second fall in a row.

Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €21.0m
Fixed assets €3.7m ▼ 1.3%
Current assets €17.3m ▲ 5.1%
Equity and liabilities €21.0m
Equity €3.3m ▲ 10.7%
Provisions €751,787 ▲ 17.1%
Debt €17.0m ▲ 2.2%
Debt's share of the balance-sheet total falls from 82.1% to 80.8%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€1.1m▼
2024 · €1.1m
Cash flow
€773,136▼
2024 · €798,770
Quick ratio
1.05▲
2024 · 0.66
Debt to equity
5.16▼
2024 · 5.59
ROE
9.7%▲
2024 · 8.8%
Interest coverage
3.85▲
2024 · 3.20
Debt ≤ 1 year
€8.0m▼
2024 · €8.6m
Debt > 1 year
€9.0m▲
2024 · €8.0m
Income taxes
€2,447▲
2024 · €2,353
Customer credit
81 days▲
2024 · 71 days
Supplier credit
88 days▼
2024 · 134 days
Staff costs
€4.0m▲
2024 · €3.6m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Revenue breakdown

as filed

By activity 2025

  • 701 ventre produits finis €21,346,57962.4%
  • 700 vente marchandises €6,748,57819.7%
  • 702 vente travail à façon €5,186,89315.2%
  • 703 vente déchets €902,9562.6%

Total €34,185,006

Source: 2025 accounts, page 23, filing 2026-00080978

By geographic market 2018

  • France €2,944,57131.8%
  • Belgique & Luxembourg €2,605,02128.1%
  • Italie €2,578,32227.8%
  • Irlande €644,9617.0%
  • Autres €253,2082.7%
  • Pays-Bas €235,8602.5%

Total €9,261,944

Source: 2018 accounts, page 21, filing 2019-12100372

All years (2014 to 2025)

By activity

By activity201420152016201720182019202020212022202320242025
701 ventre produits finis----€4,401,650€7,382,927€8,654,445€8,829,294€6,524,127€9,343,866€14,279,255€21,346,579
700 vente marchandises€380€91,449€301,255€1,220,927€2,266,354€2,593,441€4,243,496€5,206,553€6,372,388€4,904,940€4,373,144€6,748,578
702 vente travail à façon€957,000€2,872,075€2,486,253€2,381,271€2,215,086€2,410,650€3,048,120€2,600,086€3,625,690€4,904,394€6,598,728€5,186,893
703 vente déchets€137,786€265,155€240,917€316,612€357,254€317,445€418,014€743,420€651,943€610,150€955,049€902,956
705 - 707 autres ventes---€5,500€21,600€7,000€0--€30,337--
701 vente produits finis€556,134€2,404,762€3,033,250€2,434,048--------
Total€1,651,300€5,633,441€6,061,675€6,358,358€9,261,944€12,711,463€16,364,075€17,379,353€17,174,147€19,793,688€26,206,176€34,185,006

By geographic market

By geographic market20142015201620172018
France€281,417€757,794€1,059,343€2,233,471€2,944,571
Belgique & Luxembourg€459,625€1,396,737€2,819,304€1,508,909€2,605,021
Italie€910,257€2,749,676€1,888,198€1,767,794€2,578,322
Irlande-€729,235€109,200€531,224€644,961
Autres----€253,208
Pays-Bas--€185,630€316,960€235,860
Total€1,651,300€5,633,441€6,061,675€6,358,358€9,261,944

Staff

social balance sheet
Item31-12-202131-12-202231-12-202331-12-202431-12-2025
Employees at the balance-sheet date4952505962
full-time4649465459
part-time33453
in full-time equivalents47.950.948.757.360.6
Average over the year, in full-time equivalents47.749.850.651.958.1
On a permanent contract4950495357
Joined264178
Left4581415
Agency workers, average number4.315.112.310.8
Training hours162176154104-

Source: social balance sheet in the 2021 to 2025 annual accounts

Overdue debts

tax and social security
Item20212022202320242025
Overdue tax debts---€101,516-
Overdue social security (RSZ) debts€562,163€470,761€646,212€674,607€0

Source: notes to the 2021 to 2025 annual accounts (statement of debts)

Investments

fixed assets acquired
Item20212022202320242025
Tangible fixed assets€314,307€169,107€415,189€958,822€276,494
Depreciation and write-downs of the year€519,520€503,851€523,817€537,062€454,701

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Auditor

fees
Item20212022202320242025
Fee for the audit€10,500€11,874€12,500€14,177€14,544

Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)

Public contracts

3 awards · 2023 to 2024
Fourniture de bandage pour tramway CITADIS
buyer: SPL M TAGTransport equipmentawarded 17-05-2024TED 378575-2024
Bandages non usinés en acier destinés aux véhicules de métro de la STIB
buyer: Maatschappij voor het Intercommunaal vervoer te BrusselTransport equipmentawarded 16-04-2024€994,8401 tenderTED 586041-2025
Fourniture d’essieux usinés en acier forgé pour les véhicules de métro (série MX) de la STIB
buyer: Maatschappij voor het Intercommunaal Vervoer te BrusselTransport equipmentawarded 30-05-2023€673,2001 tenderTED 633162-2024

Source: TED (Tenders Electronic Daily), Publications Office of the European Union. The values are as the buyer published them. For a framework agreement, the value is a ceiling.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 72 lines
Balance sheet Code20242025
Assets
Total assets20/58€20.2m€21.0m▲
Fixed assets21/28€3.8m€3.7m▼
Tangible fixed assets22/27€3.3m€3.1m▼
Land and buildings22€1.4m€1.3m▼
Plant, machinery and equipment23€1.7m€1.5m▼
Furniture and vehicles24€0.03m€0.07m▲
Assets under construction and advance payments27€0.2m€0.3m▲
Financial fixed assets28€0.5m€0.6m▲
Other financial fixed assets284/8€0.5m€0.6m▲
Amounts receivable and cash guarantees285/8€0.5m€0.6m▲
Current assets29/58€16.4m€17.3m▲
Stocks and contracts in progress3€10.7m€8.9m▼
Stocks30/36€10.1m€8.1m▼
Raw materials and consumables30/31€6.3m€4.9m▼
Finished goods33€3.7m€3.2m▼
Contracts in progress37€0.7m€0.8m▲
Amounts receivable within one year40/41€5.2m€7.7m▲
Trade receivables40€5.1m€7.6m▲
Other amounts receivable41€0.09m€0.07m▼
Cash at bank and in hand54/58€0.5m€0.7m▲
Deferred charges and accrued income490/1€0.008m€0.006m▼
Equity and liabilities
Total equity and liabilities10/49€20.2m€21.0m▲
Equity10/15€3.0m€3.3m▲
Contributions10/11€4.0m€4.0m=
Capital10€4.0m€4.0m=
Issued capital100€4.0m€4.0m=
Profit (loss) carried forward14-€1.0m-€0.7m▲
Provisions and deferred taxes16€0.6m€0.8m▲
Provisions for liabilities and charges160/5€0.6m€0.8m▲
Other liabilities and charges164/5€0.6m€0.8m▲
Amounts payable17/49€16.6m€17.0m▲
Amounts payable after more than one year17€8.0m€9.0m▲
Financial debts170/4€8.0m€9.0m▲
Subordinated loans170€8.0m€9.0m▲
Amounts payable within one year42/48€8.6m€8.0m▼
Trade debts44€7.8m€7.1m▼
Suppliers440/4€7.8m€7.1m▼
Advances received on contracts in progress46-€0.05m
Taxes, remuneration and social security45€0.8m€0.9m▲
Taxes450/3€0.1m€0.2m▲
Remuneration and social security454/9€0.7m€0.7m▲
Accrued charges and deferred income492/3€0.05m€150▼
Income statement Code20242025
Operating income70/76A€25.9m€34.3m▲
Turnover70€26.2m€34.2m▲
Change in stocks of work in progress, finished goods and contracts in progress71-€0.7m-€0.2m▲
Other operating income74€0.4m€0.3m▼
Operating charges60/66A€25.3m€33.7m▲
Goods for resale, raw materials and consumables60€18.2m€25.7m▲
Purchases600/8€21.6m€24.0m▲
Change in stocks: decrease (increase)609-€3.4m€1.7m▲
Services and other goods61€2.9m€3.4m▲
Remuneration, social security and pensions62€3.6m€4.0m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.5m€0.5m▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€0.2m€0.04m▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€0.1m€0.1m▼
Other operating charges640/8€0.06m€0.06m▼
Operating profit (loss)9901€0.6m€0.6m▼
Financial income75/76B€0.02m€0.004m▼
Recurring financial income75€0.02m€0.004m▼
Other financial income752/9€0.02m€0.004m▼
Financial charges65/66B€0.4m€0.3m▼
Recurring financial charges65€0.4m€0.3m▼
Debt charges650€0.4m€0.3m▼
Other financial charges652/9€0.005m€0.008m▲
Profit (loss) for the period before taxes9903€0.3m€0.3m▲
Income taxes67/77€0.002m€0.002m▲
Taxes670/3€0.002m€0.002m▲
Profit (loss) for the period9904€0.3m€0.3m▲
Profit (loss) for the period to be appropriated9905€0.3m€0.3m▲
Appropriation of the result
Profit (loss) to be appropriated9906-€1.0m-€0.7m▲
Profit (loss) brought forward from the previous period14P-€1.3m-€1.0m▲
Social balance sheet
Average headcount (FTE)908751.958.1▲

The notes to these accounts have 53 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 16-04-2026.

Line20182019202020212022202320242025Change
Operating income70/76A---€18.8m€19.4m€19.9m€25.9m€34.3m▲ 32.6%
Turnover70€9.3m€12.7m€16.4m€17.4m€17.2m€19.8m€26.2m€34.2m▲ 30.4%
Change in stocks of work in progress, finished goods and contracts in progress71---€0.9m€2.1m-€0.1m-€0.7m-€0.2m▲ 79.6%
Other operating income74---€0.5m€0.2m€0.2m€0.4m€0.3m▼ 31.6%
Operating charges60/66A---€18.9m€19.4m€19.1m€25.3m€33.7m▲ 33.5%
Goods for resale, raw materials and consumables60---€13.5m€14.4m€12.7m€18.2m€25.7m▲ 41.3%
Purchases600/8---€13.0m€15.3m€12.6m€21.6m€24.0m▲ 11.0%
Change in stocks: decrease (increase)609---€0.5m-€0.9m€0.07m-€3.4m€1.7m-
Services and other goods61---€2.1m€1.6m€2.2m€2.9m€3.4m▲ 15.6%
Remuneration, social security and pensions62---€2.7m€2.7m€3.1m€3.6m€4.0m▲ 10.4%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.4m€0.5m€0.5m€0.5m€0.5m€0.5m€0.5m€0.5m▼ 15.3%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4---€0.02m€0.06m€0.4m-€0.2m€0.04m-
Provisions for liabilities and charges: additions (uses and reversals)635/8---€0.04m€0.06m€0.1m€0.1m€0.1m▼ 23.1%
Other operating charges640/8---€0.05m€0.05m€0.06m€0.06m€0.06m▼ 9.1%
Operating profit (loss)9901-€0.6m-€1.4m-€0.8m-€0.1m€0.04m€0.8m€0.6m€0.6m▼ 2.3%
Financial income75/76B---€0.02m€0.02m€0.02m€0.02m€0.004m▼ 73.4%
Recurring financial income75€0.06m€0.02m€0.02m€0.02m€0.02m€0.02m€0.02m€0.004m▼ 73.4%
Other financial income752/9---€0.02m€0.02m€0.02m€0.02m€0.004m▼ 73.4%
Financial charges65/66B---€0.03m€0.09m€0.4m€0.4m€0.3m▼ 22.7%
Recurring financial charges65€0.05m€0.06m€0.04m€0.03m€0.09m€0.4m€0.4m€0.3m▼ 22.7%
Debt charges650-€0.06m€0.03m€0.02m€0.08m€0.4m€0.4m€0.3m▼ 23.9%
Other financial charges652/9---€0.01m€0.006m€0.007m€0.005m€0.008m▲ 61.5%
Profit (loss) for the period before taxes9903-€0.6m-€1.4m-€0.8m-€0.2m-€0.03m€0.4m€0.3m€0.3m▲ 21.5%
Income taxes67/77€0.002m€0.002m€0.002m€0.002m€0.002m€0.004m€0.002m€0.002m▲ 4.0%
Taxes670/3---€0.002m€0.002m€0.004m€0.002m€0.002m▲ 4.0%
Profit (loss) for the period9904-€0.6m-€1.4m-€0.8m-€0.2m-€0.03m€0.4m€0.3m€0.3m▲ 21.7%
Profit (loss) for the period to be appropriated9905-€0.6m-€1.4m-€0.8m-€0.2m-€0.03m€0.4m€0.3m€0.3m▲ 21.7%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€10.9m€12.4m€12.2m€11.2m€14.9m€15.6m€20.2m€21.0m▲ 3.9%
Fixed assets21/28€3.6m€4.0m€3.9m€3.8m€3.5m€3.4m€3.8m€3.7m▼ 1.3%
Intangible fixed assets21€0.003m€0.002m€0.001m------
Tangible fixed assets22/27€3.4m€3.8m€3.5m€3.3m€3.0m€2.9m€3.3m€3.1m▼ 5.4%
Land and buildings22---€1.6m€1.5m€1.4m€1.4m€1.3m▼ 3.3%
Plant, machinery and equipment23---€1.7m€1.4m€1.3m€1.7m€1.5m▼ 12.3%
Furniture and vehicles24---€0.04m€0.02m€0.04m€0.03m€0.07m▲ 116%
Assets under construction and advance payments27----€0.02m€0.09m€0.2m€0.3m▲ 14.7%
Financial fixed assets28€0.2m€0.2m€0.4m€0.5m€0.5m€0.5m€0.5m€0.6m▲ 25.1%
Other financial fixed assets284/8---€0.5m€0.5m€0.5m€0.5m€0.6m▲ 25.1%
Amounts receivable and cash guarantees285/8---€0.5m€0.5m€0.5m€0.5m€0.6m▲ 25.1%
Current assets29/58€7.3m€8.4m€8.3m€7.4m€11.4m€12.2m€16.4m€17.3m▲ 5.1%
Stocks and contracts in progress3€3.5m€4.9m€4.8m€5.5m€8.4m€7.9m€10.7m€8.9m▼ 17.5%
Stocks30/36---€5.3m€8.2m€6.8m€10.1m€8.1m▼ 19.7%
Raw materials and consumables30/31---€2.3m€3.1m€2.7m€6.3m€4.9m▼ 22.9%
Finished goods33---€3.0m€5.1m€4.1m€3.7m€3.2m▼ 14.5%
Contracts in progress37---€0.2m€0.2m€1.0m€0.7m€0.8m▲ 16.4%
Amounts receivable within one year40/41€2.4m€2.5m€2.8m€1.6m€2.4m€3.9m€5.2m€7.7m▲ 47.9%
Trade receivables40---€1.5m€2.3m€3.9m€5.1m€7.6m▲ 49.1%
Other amounts receivable41---€0.09m€0.01m€0.01m€0.09m€0.07m▼ 23.4%
Cash at bank and in hand54/58€0.5m€0.5m€0.4m€0.3m€0.6m€0.5m€0.5m€0.7m▲ 49.3%
Deferred charges and accrued income490/1---€0.008m€0.005m€0.006m€0.008m€0.006m▼ 31.3%
Equity and liabilities
Total equity and liabilities10/49€10.9m€12.4m€12.2m€11.2m€14.9m€15.6m€20.2m€21.0m▲ 3.9%
Equity10/15€1.8m€0.4m€2.6m€2.4m€2.3m€2.7m€3.0m€3.3m▲ 10.7%
Contributions10/11€4.0m€4.0m€4.0m€4.0m€4.0m€4.0m€4.0m€4.0m=
Capital10---€4.0m€4.0m€4.0m€4.0m€4.0m=
Issued capital100---€4.0m€4.0m€4.0m€4.0m€4.0m=
Profit (loss) carried forward14-€2.2m-€3.7m-€1.5m-€1.7m-€1.7m-€1.3m-€1.0m-€0.7m▲ 31.0%
Investment grants15---€0.05m€0.03m€0.02m---
Provisions and deferred taxes16€0.1m€0.2m€0.3m€0.3m€0.4m€0.5m€0.6m€0.8m▲ 17.1%
Provisions for liabilities and charges160/5---€0.3m€0.4m€0.5m€0.6m€0.8m▲ 17.1%
Other liabilities and charges164/5---€0.3m€0.4m€0.5m€0.6m€0.8m▲ 17.1%
Amounts payable17/49€8.9m€11.8m€9.3m€8.6m€12.2m€12.3m€16.6m€17.0m▲ 2.2%
Amounts payable after more than one year17€4.0m€4.5m€1.5m€5.0m€8.0m€8.0m€8.0m€9.0m▲ 12.5%
Financial debts170/4---€5.0m€8.0m€8.0m€8.0m€9.0m▲ 12.5%
Subordinated loans170---€5.0m€8.0m€8.0m€8.0m€9.0m▲ 12.5%
Amounts payable within one year42/48€4.9m€7.3m€7.8m€3.5m€4.2m€4.3m€8.6m€8.0m▼ 6.8%
Trade debts44€4.4m€6.7m€7.1m€2.9m€3.5m€3.6m€7.8m€7.1m▼ 9.3%
Suppliers440/4---€2.9m€3.5m€3.6m€7.8m€7.1m▼ 9.3%
Advances received on contracts in progress46----€0.02m--€0.05m-
Taxes, remuneration and social security45---€0.6m€0.6m€0.8m€0.8m€0.9m▲ 12.1%
Taxes450/3---€0.05m€0.2m€0.1m€0.1m€0.2m▲ 69.9%
Remuneration and social security454/9---€0.6m€0.5m€0.6m€0.7m€0.7m▲ 3.4%
Accrued charges and deferred income492/3---€0.002m€0.002m€0.002m€0.05m€150▼ 99.7%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904-€0.6m-€1.4m-€0.8m-€0.2m-€0.03m€0.4m€0.3m€0.3m▲ 21.7%
+ Depreciation and write-downs630€0.4m€0.5m€0.5m€0.5m€0.5m€0.5m€0.5m€0.5m▼ 15.3%
Operating cash flow (approximation)-€0.2m-€1.0m-€0.3m€0.4m€0.5m€0.9m€0.8m€0.8m▼ 3.2%
Investment in fixed assets (approximation)--€0.9m-€0.3m-€0.5m-€0.2m-€0.4m-€1.0m-€0.4m▲ 57.8%
Change in cash--€0.03m-€0.06m-€0.1m€0.3m-€0.1m-€0.001m€0.2m-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Historical observation

In July 2024, 290 companies had the same profile as LBX has now. Two years later, 96.9% were still going and 0.0% had gone bankrupt.

  • Medium-sized
  • 10 to 20 years old
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
96.9% was still going
3.1% stopped otherwise
0.0% went bankrupt

That fits the bankruptcy probability of LBX itself: 0.4% 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 290 companies, not a prediction for LBX. 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.

Latest 10 of 12 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 full format 16-04-2026 2026-00080978 PDF
31-12-2024 full format 24-04-2025 2025-00082908 PDF
31-12-2023 full format 30-05-2024 2024-00109452 PDF
31-12-2022 full format 09-05-2023 2023-00084459 PDF
31-12-2021 full format 01-06-2022 2022-20044531 PDF
31-12-2020 full format 28-05-2021 2021-17400253 PDF
31-12-2019 full format 03-06-2020 2020-15100418 PDF
31-12-2018 full format 03-05-2019 2019-12100372 PDF
31-12-2017 full format 27-04-2018 2018-11000299 PDF
31-12-2016 full format 28-04-2017 2017-11200013 PDF

Show all 12 filings

Board & ownership

Directors

Directors
2 directors, last change in 2025
Tignonsini Zaverio
Director · since 05-02-2020 · listed in the 2025 annual accounts, filed on 16-04-2026
Current
Guillaume Vincent
Director · since 18-07-2024 · listed in the 2025 annual accounts, filed on 16-04-2026
Current

Owners and capital

Shareholders

2 owners

Owners 2

Owners through the years 2024 to 2025
Owners through the years
Name20242025
LUCCHINI RS S.P.A.IT 99%
SINPAR S.P.A.IT 1%

Source: shareholder structure in its own accounts

Mandate history

3 people, 2 in office
Show
  • Board
  • mandate already running before its first mention
Mandates per person, with start and end dates
Name Functions and periods
Tignonsini Zaverio
  • Director, from 05-02-2020 to date
Guillaume Vincent
  • Director, from 18-07-2024 to date
ANTONIO MASTRANGELO
  • Director, until 14-02-2025
See the board, name and registered office on a given date →

Network & group

Companies at the same address

19 other companies

Connections & network

2 current directors
Depth

The network starts from the directors of LBX. Every other company they run is a node.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Deeds, filings and financial milestones

Deadline for the 2026 accounts: 31-07-2027
2026
16-04
NBB filing Annual accounts 2025 filedPDF
full format · 106 days before the deadline
2025
24-04
NBB filing Annual accounts 2024 filedPDF
full format · 98 days before the deadline
14-02
Gazette deed Resignation: ANTONIO MASTRANGELO (director)
Appointment: Guillaume Vincent (director)4 points ▸
  • Board meeting, 18-04-2024
  • Director resignation, ANTONIO MASTRANGELO
  • Board meeting, 18-07-2024
  • Director appointment, Guillaume Vincent
  • The deed holds 1 more point.

Open the deed in the Belgian Official Gazette

2024
30-05
NBB filing Annual accounts 2023 filedPDF
full format · 62 days before the deadline
2023
31-12
Financial Back to profitnet €403,714
The net result is €403,714, after 5 loss-making years.
09-05
NBB filing Annual accounts 2022 filedPDF
full format · 83 days before the deadline
2022
01-06
NBB filing Annual accounts 2021 filedPDF
full format · 60 days before the deadline
2021
28-05
NBB filing Annual accounts 2020 filedPDF
full format · 64 days before the deadline
2020
31-12
Financial Equity above €2mequity €2.6m ▲557%
Equity rises from €389,582 to €2.6m.
03-06
NBB filing Annual accounts 2019 filedPDF
full format · 58 days before the deadline
2019
31-12
Financial Weakest financial yearnet -€1.4m
The net result drops to -€1.4m, the lowest from 2018 to 2025. It recovers the following year.
03-05
NBB filing Annual accounts 2018 filedPDF
full format · 89 days before the deadline
Show earlier events
2018
27-04
NBB filing Annual accounts 2017 filedPDF
full format · 95 days before the deadline
2017
28-04
NBB filing Annual accounts 2016 filedPDF
full format · 94 days before the deadline
2014
02-07
Gazette deed IncorporationPDF
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.

Sources:Publications in the Belgian Official GazetteFilings with the National Bank

History

On 30 June 2014, LBX was incorporated.1 Turnover went from €9.3m in 2018 to €34.2m in 2025 and headcount from 35.1 to 58.1 full-time equivalents.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2025

Company details

Register details

Identity

KBO record
Name LBX in French
Enterprise number 0554.892.953
Legal form Public limited company
Status Active, normal situation
Founded 30-06-2014
Entity type Legal entity

Registered office and establishments

Registered office Avenue Greiner 1, 4100 Seraing, Belgium
Establishment unit LBX, Avenue Greiner 1, 4100 Seraing since 01-07-2014 · unit number 2.232.256.347

Activities

NACEBEL 2025
VAT activities
30200 Manufacture of other transport equipment main activity
24100 Manufacture of basic metals
46643 Wholesale of electrical equipment, including installation materials
46711 Wholesale of cars and light vans (up to 3.5 tonnes)
Social security (RSZ) activities
30200 Manufacture of other transport equipment main activity
Codes under NACEBEL 2008
VAT activities
30200 Manufacture of other transport equipment main activity
24100 Manufacture of basic metals
45111
46693 Wholesale trade
Social security (RSZ) activities
30200 Manufacture of other transport equipment main activity
Joint committees 111 Metal, mechanical and electrical engineering
209 White-collar workers in metal manufacturing annual accounts 2025

Invoicing and payment

VAT number BE 0554.892.953
E-invoicing via Peppol
Reachable via Peppol
Peppol ID 0208:0554892953
Other Peppol ID 9925:BE0554892953

Follow this company and you will hear the next morning if it leaves the Peppol register.

Register as of 5 November 2026 · Peppol Directory

Financial year and general meeting

Accounts at the NBB
Financial year end 31-12

Sites & property

Location
registered office establishment The establishment unit on the map
20 companies at this address See who is registered here

Buildings and parcels at the address

Ground area
6,252 m²
Building footprint
3,242 m²
Building volume
47,809 m³
Cadastral parcel Region Area Buildings Height / floors
62096A0048/00P000
ProtectedSite or landscapeCertaines parties du château de Seraing, à savoir: A) à l'intérieur: le hall et l'escalier à l'extrémité est de l'aile nord; le bureau du Président du Conseil d'Administration au rez-de-chausée; la salle à manger joignante; l'aile centrale au 1er ét ...Source ↗
Wallonia 6,252 m² 1 · 3,241 m² 21.7 m · 5

1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.