Active BE 0431.072.750Public limited company

LCF INVEST

Terhulpsesteenweg 215 ·1170 Watermaal-Bosvoorde, Belgium· 39 yrs active

Sector: Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton) (47811)

Conclusion Checked

The computed 12-month bankruptcy probability of LCF INVEST is 1.2% (low). The 2023 annual accounts show equity of €764k and a net result of €-332k. Equity is shrinking by ~3.3% per year across the filed fiscal years. Its solvency ranks better than 88% of 825 sector peers (fiscal year 2023). The company has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 6 annual accounts.

Key figures

Equity	€764k
Net result	€-332k
Better than sector	88%
Active	39 yrs

Financial profile 5 of 5 axes measured · computed by Checked

57 / 100

Mixed profile: strong on stability, weaker on profitability.

All 5 axes are computed from data Checked has read.

Health 52

Profitability 0

Solvency 99

Growth 32

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

1.2% Low

0%0,5%1,5%4%10%≥25%

Higher-failure-rate region +Long track record −Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Long-established

Founded in 1987, 39 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2023 · computed

52 / 100 Fair

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 30-09-2024 with the NBB · fiscal year 2023 · volledig

RevenueOperating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining Equity: declining trend of ~3.3%/year over 6 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2023 · NACE 47, Retail trade · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	66.1%	18.0%	better than 88% of 825 sector peers
Net result	€-332k	€11k	better than 5% of 821 sector peers
Equity	€764k	€80k	better than 86% of 826 sector peers
Gross operating margin	€-264k	€162k	better than 5% of 745 sector peers
Total assets	€1.16M	€648k	better than 69% of 825 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Revenue

€0

- 18-23

EBITDA

€-304k

- 18-23

Net profit

€-332k

- 18-23

Cash flow

€-303k

- 18-23

Total assets

€1.16M

-45.2% 18-23

Equity

€764k

-30.3% 18-23

Working capital

€319k

-48.8% 18-23

Employees (FTE)

0

- 18-23

Show 11 other metrics

Income taxes

€0

-100.0% 18-23

Debt

€364k

-63.1% 18-23

Debt ≤ 1y

€331k

-65.3% 18-23

Debt > 1y

€300

0.0% 18-23

Current ratio

1.96

+18.8% 18-23

Quick ratio

1.83

+41.5% 18-23

Solvency

66.1%

+27.3% 18-23

Debt / equity

0.48

-47.1% 18-23

ROE

-43.4%

- 18-23

ROA

-28.7%

- 18-23

Interest coverage

-2030.13

- 18-23

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2023
Deposit	volledig
Revenue	€0
EBITDA	€-304k
Net profit	€-332k
Cash flow	€-303k
Staff costs	-
Income taxes	€0
Dividends	-
Total assets	€1.16M
Equity	€764k
Debt	€364k
of which ≤ 1y	€331k
of which > 1y	€300
Working capital	€319k
Employees (FTE)	-

Ratios (computed)

	2023
Current ratio	1.96
Quick ratio	1.83
Working capital ratio	27.6%
Solvency	66.1%
Debt / equity	0.48
Long-term debt ratio	0.00
Interest coverage	-2030.13
Gross margin	-
Net margin	-
ROA	-28.7%
ROE	-43.4%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	0.00
Days inventory (DSI)	-

Balance-sheet composition 2023

Assets

Fixed assets €506k · 43.8% Current assets €650k · 56.2%

Equity & liabilities

Equity €764k · 66.1% Provisions €28k · 2.5% Debt €364k · 31.5%

Full annual accounts (25 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€1.16M
Fixed assets	21/28	€506k
Tangible fixed assets	22/27	€506k
Current assets	29/58	€650k
Stocks & contracts in progress	3	€46k
Amounts receivable within one year	40/41	€568k
Cash & bank	54/58	€36k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€1.16M
Equity	10/15	€764k
Contributions / capital	10/11	€100k
Reserves	13	€223k
Accumulated profits (losses)	14	€441k
Provisions & deferred taxes	16	€28k
Amounts payable	17/49	€364k
Amounts payable after one year	17	€300
Amounts payable within one year	42/48	€331k
Trade debts payable within one year	44	€59k
Income statement
Turnover	70	€0
Gross operating margin	9900	€-264k
Operating result	9901	€-333k
Financial charges	65	€150
Result before taxes	9903	€-333k
Income taxes	67/77	€0
Net result for the period	9904	€-332k
Result to be appropriated	9905	€-329k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Legal Structure

NACE primary	Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)(47811)
Legal form	Public limited company(014)
Incorporation	28-04-1987
Status	Active
Postal code	1170

Establishment units 1 location

LCF INVEST

Terhulpsesteenweg 215, 1170 Watermaal-Bosvoordede groothandel in nieuwe en gebruikte auto's voor personenvervoer, inclusief die voor bijzondere doeleinden(vb ambulances)

since 19882.036.497.677

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21652E0393/00T000	Brussels	2,726 m²	1 · 362 m²	13.7 m · 2 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 10 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2024

30-09-2024