LCDF
Bankruptcy closedInactive since 16-04-2026; last annual accounts for financial year 2022.
Summary
LCDF was declared bankrupt on 17-10-2024 (Tribunal de l’entreprise du Brabant wallon); the bankruptcy was closed by liquidation by judgment of 09-04-2026, published in the Belgian Official Gazette on 16-04-2026.
Financials · financial year 2022, micro format
2022 annual accounts filed late (22 days) Filed on 22 August 2023, deadline 31 July 2023 (7 months after the close on 31 December 2022, Companies Code art. 3:10). Source: NBB, 2023-00347255.
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€52,469▼ 34.7%
2021 · -€38,965
Working capital
-€219,928▼ 28.4%
2021 · -€171,235
Trend over the years
2018 to 2022, 5 financial years
The operating result stays negative: a loss of €49,275 in 2022 against €36,068 in 2021; the loss grows and 2022 has the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€49,275
2022
Net result-€52,469
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€280,909
2022
Equity-€63,324
2022
Debt€344,233
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€219,928
2022
Average staff in full-time equivalents (FTE).
Staff (FTE)4.6
2022
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022
Operating result-€17,093-€9,731€23,108▲ 137%-€36,068-€49,275▼ 36.6%
Net result-€20,211-€6,697€20,624▲ 208%-€38,965-€52,469▼ 34.7%
Equity€789-€7,486▲ 848%€28,110▲ 275%-€10,855-€63,324▼ 483%
Total assets€395,050-€337,992▼ 14.4%€316,231▼ 6.4%€319,823▲ 1.1%€280,909▼ 12.2%
Debt€394,260-€330,506▼ 16.2%€288,121▼ 12.8%€330,678▲ 14.8%€344,233▲ 4.1%
Working capital-€172,130--€160,109▲ 7.0%-€134,847▲ 15.8%-€171,235▼ 27.0%-€219,928▼ 28.4%
Staff (FTE)2.1-2.5▲ 19.0%2.9▲ 16.0%1.6▼ 44.8%4.6▲ 188%
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €280,909
Fixed assets
€223,837 ▼ 10.7%
Current assets
€57,072 ▼ 17.4%
Equity and liabilities
Equity-€63,324
Debt€344,233
Equity is negative: debt (€344,233) exceeds the balance-sheet total (€280,909).
Key figures and ratios
EBITDA
-€19,091▼
2021 · -€7,395
Cash flow
-€22,285▼
2021 · -€10,291
Solvency
-22.5%▼
2021 · -3.4%
Current ratio
0.21▼
2021 · 0.29
Quick ratio
0.13▼
2021 · 0.22
ROA
-18.7%▼
2021 · -12.2%
Interest coverage
-5.62▼
2021 · -2.55
Debt ≤ 1 year
€277,000▲
2021 · €240,305
Debt > 1 year
€66,886▼
2021 · €90,373
Income taxes
€141
Staff costs
€50,867▼
2021 · €57,921
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €57,921 | €50,867 | ▼ 12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €28,404 | €28,455 | €28,669 | €28,674 | €30,184 | ▲ 5.3% |
| Other operating charges640/8 | - | - | - | €734 | €1,869 | ▲ 155% |
| Non-recurring operating charges66A | - | - | - | €1,147 | €5,338 | ▲ 365% |
| Gross operating margin9900 | €73,839 | €102,169 | €116,455 | €52,408 | €38,984 | ▼ 25.6% |
| Operating profit (loss)9901 | -€17,093 | €9,731 | €23,108 | -€36,068 | -€49,275 | ▼ 36.6% |
| Financial income75/76B | - | - | - | €0 | €343 | ▲ 76,069% |
| Recurring financial income75 | €6 | €0 | €1 | €0 | €343 | ▲ 76,069% |
| Financial charges65/66B | - | - | - | €2,897 | €3,396 | ▲ 17.2% |
| Recurring financial charges65 | €3,124 | €3,034 | €2,485 | €2,897 | €3,396 | ▲ 17.2% |
| Profit (loss) for the period before taxes9903 | -€20,211 | €6,697 | €20,624 | -€38,965 | -€52,328 | ▼ 34.3% |
| Income taxes67/77 | - | - | - | - | €141 | - |
| Profit (loss) for the period9904 | -€20,211 | €6,697 | €20,624 | -€38,965 | -€52,469 | ▼ 34.7% |
| Profit (loss) for the period to be appropriated9905 | -€20,211 | €6,697 | €20,624 | -€38,965 | -€52,469 | ▼ 34.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €395,050 | €337,992 | €316,231 | €319,823 | €280,909 | ▼ 12.2% |
| Fixed assets21/28 | €332,912 | €303,842 | €276,448 | €250,753 | €223,837 | ▼ 10.7% |
| Tangible fixed assets22/27 | €332,912 | €303,842 | €276,448 | €249,153 | €222,237 | ▼ 10.8% |
| Plant, machinery and equipment23 | - | - | - | €101,439 | €86,590 | ▼ 14.6% |
| Furniture and vehicles24 | - | - | - | €3,699 | €633 | ▼ 82.9% |
| Other tangible fixed assets26 | - | - | - | €144,015 | €135,014 | ▼ 6.2% |
| Financial fixed assets28 | - | - | - | €1,600 | €1,600 | = |
| Current assets29/58 | €62,137 | €34,150 | €39,783 | €69,070 | €57,072 | ▼ 17.4% |
| Stocks and contracts in progress3 | €9,887 | €10,946 | €8,983 | €15,162 | €20,346 | ▲ 34.2% |
| Stocks30/36 | - | - | - | €15,162 | €20,346 | ▲ 34.2% |
| Amounts receivable within one year40/41 | €38,224 | €11,881 | €14,670 | €36,013 | €28,626 | ▼ 20.5% |
| Trade receivables40 | - | - | - | €36,013 | €19,794 | ▼ 45.0% |
| Other amounts receivable41 | - | - | - | - | €8,832 | - |
| Cash at bank and in hand54/58 | €10,631 | €7,904 | €12,638 | €17,281 | €5,850 | ▼ 66.1% |
| Deferred charges and accrued income490/1 | - | - | - | €615 | €2,250 | ▲ 266% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €395,050 | €337,992 | €316,231 | €319,823 | €280,909 | ▼ 12.2% |
| Equity10/15 | €789 | €7,486 | €28,110 | -€10,855 | -€63,324 | ▼ 483% |
| Contributions10/11 | €21,000 | €21,000 | - | €21,000 | €21,000 | = |
| Reserves13 | - | - | €5,000 | - | - | - |
| Profit (loss) carried forward14 | -€20,211 | -€13,514 | €2,110 | -€31,855 | -€84,324 | ▼ 165% |
| Amounts payable17/49 | €394,260 | €330,506 | €288,121 | €330,678 | €344,233 | ▲ 4.1% |
| Amounts payable after more than one year17 | €159,645 | €136,247 | €113,491 | €90,373 | €66,886 | ▼ 26.0% |
| Financial debts170/4 | - | - | - | €53,373 | €29,886 | ▼ 44.0% |
| Other amounts payable178/9 | - | - | - | €37,000 | €37,000 | = |
| Amounts payable within one year42/48 | €234,268 | €194,259 | €174,630 | €240,305 | €277,000 | ▲ 15.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €23,118 | €23,487 | ▲ 1.6% |
| Trade debts44 | €142,109 | €115,107 | €104,536 | €159,784 | €197,297 | ▲ 23.5% |
| Suppliers440/4 | - | - | - | €159,784 | €197,297 | ▲ 23.5% |
| Taxes, remuneration and social security45 | - | - | - | €9,903 | €9,639 | ▼ 2.7% |
| Taxes450/3 | - | - | - | €41 | €2,102 | ▲ 5,030% |
| Remuneration and social security454/9 | - | - | - | €9,862 | €7,537 | ▼ 23.6% |
| Other amounts payable47/48 | - | - | - | €47,501 | €46,577 | ▼ 1.9% |
| Accrued charges and deferred income492/3 | - | - | - | - | €348 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€20,211 | €6,697 | €20,624 | -€38,965 | -€52,469 | ▼ 34.7% |
| + Depreciation and write-downs630 | €28,404 | €28,455 | €28,669 | €28,674 | €30,184 | ▲ 5.3% |
| Operating cash flow (approximation) | €8,193 | €35,152 | €49,293 | -€10,291 | -€22,285 | ▼ 117% |
| Investment in fixed assets (approximation) | - | €616 | -€1,275 | -€2,979 | -€3,268 | ▼ 9.7% |
| Change in cash | - | -€2,727 | €4,734 | €4,643 | -€11,431 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2022 | micro format | 22-08-2023 | 2023-00347255 |
| 31-12-2021 | micro format | 17-10-2022 | 2022-20464443 |
| 31-12-2020 | full format | 24-08-2021 | 2021-53000335 |
| 31-12-2019 | full format | 09-09-2020 | 2020-52700027 |
| 31-12-2018 | full format | 24-07-2019 | 2019-37600525 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.