LD 4
ActiveSummary
The computed 12-month bankruptcy probability of LD 4 is 2.6% (moderate). The 2025 annual accounts show equity of €12,866 and a net result of -€27,519. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 18% of 87 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability3▲+3
Solvency31▲+29
Growth52▲+20
Track record94
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity short (current ratio 0.77 against 0.12 in 2024; short-term debt: 45.3% and cash: 27% of total assets), and 94.2% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
+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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 03
Relative position
BE, all sectors
reference
Fishing and aquaculture (NACE 03)
about 57% more 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
5.8%
Return on assets
-12.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 87 sector peers (2025).
NBB · sector comparisonPosition among 87 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-09-2026, 52 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 · 4 filingsDeviation from the deadline
2025
52 d late
2024
22 d late
2023
29 d late
2022
29 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 33 days after the deadline; the sector median for financial year 2024 is 9 days after the deadline, and 54% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 30 August (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€12,866
2024 · -€39,532
Total assets
€223,430▲ 28.8%
2024 · €173,516
Net result
-€27,519▲ 38.8%
2024 · -€44,952
Working capital
-€23,082▲ 70.5%
2024 · -€78,306
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 03, Fishing and aquaculture, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result-€9,528--€21,506▼ 126%-€39,980▼ 85.9%-€21,693▲ 45.7%
Net result-€10,862below the sector's middle half--€27,136below the sector's middle half▼ 150%-€44,952below the sector's middle half▼ 65.7%-€27,519▲ 38.8%
Equity-€5,862below the sector's middle half--€32,998below the sector's middle half▼ 463%-€39,532below the sector's middle half▼ 19.8%€12,866
Total assets€57,953below the sector's middle half-€153,978within the sector's middle half▲ 166%€173,516within the sector's middle half▲ 12.7%€223,430▲ 28.8%
Debt€63,815-€186,977▲ 193%€213,048▲ 13.9%€210,564▼ 1.2%
Working capital€31,560within the sector's middle half--€30,564below the sector's middle half-€78,306below the sector's middle half▼ 156%-€23,082▲ 70.5%
Solvency-10.1%below the sector's middle half--21.4%below the sector's middle half▼ 11.3pp-22.8%below the sector's middle half▼ 1.4pp5.8%▲ 28.5pp
Current ratio3.30above the sector's middle half-0.40below the sector's middle half▼ 2.910.12below the sector's middle half▼ 0.270.77▲ 0.65
Return on assets (ROA)-18.7%below the sector's middle half--17.6%below the sector's middle half▲ 1.1pp-25.9%below the sector's middle half▼ 8.3pp-12.3%▲ 13.6pp
above
within
below
the middle half (P25 to P75) of NACE 03, Fishing and aquaculture, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €21,693 in 2025 against €39,980 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €216,301
Fixed assets
€138,204 ▼ 14.4%
Current assets
€78,097 ▲ 611%
Equity and liabilities €223,430
Equity
€12,866
Debt
€210,564
Debt finances 94.2% of the balance-sheet total.
Key figures and ratios
EBITDA
€15▲
2024 · -€20,101
Cash flow
-€5,811▲
2024 · -€25,073
Quick ratio
0.72▲
2024 · 0.10
Debt to equity
16.37
ROE
-213.9%
Interest coverage
0.00▲
2024 · -2.00
Debt ≤ 1 year
€101,178▲
2024 · €89,292
Debt > 1 year
€106,126▼
2024 · €120,412
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 757 companies that looked in July 2024 the way this one looks now, 7.9% went bankrupt within 24 months and 87% are still going.
- Micro
- 2 to 5 years old
- solvency under 10%
- a loss of 10% of the balance sheet or more
7.9%
went bankrupt
4.8%
stopped otherwise
87%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 757 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €30 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,103 | €1,306 | €19,879 | €21,708 | ▲ 9.2% |
| Other operating charges640/8 | €695 | €2,896 | €494 | €435 | ▼ 11.8% |
| Gross operating margin9900 | -€6,729 | -€17,274 | -€19,607 | €450 | ▲ 102% |
| Operating profit (loss)9901 | -€9,528 | -€21,506 | -€39,980 | -€21,693 | ▲ 45.7% |
| Financial income75/76B | - | €0 | €5,103 | €5,118 | ▲ 0.3% |
| Recurring financial income75 | - | €0 | €5,103 | €5,118 | ▲ 0.3% |
| Financial charges65/66B | €1,335 | €5,630 | €10,075 | €10,943 | ▲ 8.6% |
| Recurring financial charges65 | €1,335 | €5,630 | €10,075 | €10,943 | ▲ 8.6% |
| Profit (loss) for the period before taxes9903 | -€10,862 | -€27,136 | -€44,952 | -€27,519 | ▲ 38.8% |
| Profit (loss) for the period9904 | -€10,862 | -€27,136 | -€44,952 | -€27,519 | ▲ 38.8% |
| Profit (loss) for the period to be appropriated9905 | -€10,862 | -€27,136 | -€44,952 | -€27,519 | ▲ 38.8% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €57,953 | €153,978 | €173,516 | €223,430 | ▲ 28.8% |
| Formation expenses20 | €2,155 | €1,634 | €1,114 | €7,129 | ▲ 540% |
| Fixed assets21/28 | €10,533 | €132,221 | €161,417 | €138,204 | ▼ 14.4% |
| Intangible fixed assets21 | €1,865 | €1,445 | €1,025 | €605 | ▼ 41.0% |
| Tangible fixed assets22/27 | €8,668 | €128,117 | €157,733 | €137,429 | ▼ 12.9% |
| Land and buildings22 | €8,424 | €93,676 | €126,583 | €113,567 | ▼ 10.3% |
| Plant, machinery and equipment23 | - | €29,094 | €26,963 | €21,067 | ▼ 21.9% |
| Furniture and vehicles24 | €244 | €5,347 | €4,187 | €2,795 | ▼ 33.2% |
| Financial fixed assets28 | - | €2,659 | €2,659 | €170 | ▼ 93.6% |
| Current assets29/58 | €45,265 | €20,123 | €10,986 | €78,097 | ▲ 611% |
| Stocks and contracts in progress3 | €1,996 | €4,639 | €1,745 | €5,742 | ▲ 229% |
| Stocks30/36 | €1,996 | €4,639 | €1,745 | €5,742 | ▲ 229% |
| Amounts receivable within one year40/41 | €2,505 | €7,335 | €2,504 | €10,583 | ▲ 323% |
| Trade receivables40 | - | €845 | €1,283 | €7,035 | ▲ 448% |
| Other amounts receivable41 | €2,505 | €6,490 | €1,221 | €3,548 | ▲ 191% |
| Cash at bank and in hand54/58 | €40,764 | €6,976 | €5,182 | €60,227 | ▲ 1,062% |
| Deferred charges and accrued income490/1 | - | €1,174 | €1,555 | €1,545 | ▼ 0.6% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €57,953 | €153,978 | €173,516 | €223,430 | ▲ 28.8% |
| Equity10/15 | -€5,862 | -€32,998 | -€39,532 | €12,866 | ▲ 133% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €90,000 | ▲ 1,700% |
| Profit (loss) carried forward14 | -€10,862 | -€37,998 | -€82,950 | -€110,469 | ▼ 33.2% |
| Investment grants15 | - | - | €38,418 | €33,335 | ▼ 13.2% |
| Amounts payable17/49 | €63,815 | €186,977 | €213,048 | €210,564 | ▼ 1.2% |
| Amounts payable after more than one year17 | €48,500 | €134,214 | €120,412 | €106,126 | ▼ 11.9% |
| Financial debts170/4 | €48,500 | €134,214 | €120,412 | €106,126 | ▼ 11.9% |
| Amounts payable within one year42/48 | €13,705 | €50,687 | €89,292 | €101,178 | ▲ 13.3% |
| Current portion of amounts payable after more than one year42 | - | €14,286 | €23,214 | €32,339 | ▲ 39.3% |
| Financial debts43 | - | €19,771 | €42,344 | €39,382 | ▼ 7.0% |
| Credit institutions430/8 | - | €19,771 | €42,344 | €39,382 | ▼ 7.0% |
| Trade debts44 | - | €5,787 | €13,864 | €20,603 | ▲ 48.6% |
| Suppliers440/4 | - | €5,787 | €13,864 | €20,603 | ▲ 48.6% |
| Taxes, remuneration and social security45 | €173 | €15 | €241 | €333 | ▲ 38.0% |
| Taxes450/3 | €173 | €15 | €241 | €333 | ▲ 38.0% |
| Other amounts payable47/48 | €13,532 | €10,828 | €9,628 | €8,522 | ▼ 11.5% |
| Accrued charges and deferred income492/3 | €1,610 | €2,075 | €3,344 | €3,259 | ▼ 2.5% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10,862 | -€27,136 | -€44,952 | -€27,519 | ▲ 38.8% |
| + Depreciation and write-downs630 | €2,103 | €1,306 | €19,879 | €21,708 | ▲ 9.2% |
| Operating cash flow (approximation) | -€8,759 | -€25,830 | -€25,073 | -€5,811 | ▲ 76.8% |
| Investment in fixed assets (approximation) | - | -€122,994 | -€49,075 | €1,504 | ▲ 103% |
| Change in cash | - | -€33,789 | -€1,794 | €55,045 | ▲ 3,169% |
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
21-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 52 days late
2025
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
31-12
Financial
Weakest financial yearnet -€44,952
Net result drops to -€44,952, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Tintigny · 1 establishment unit since 2021
Ground area
2,352 m²
Building footprint
185 m²
Volume, LiDAR
1,095 m³
Parcel 85001B0599/00G000, Wallonia · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
A-la-Civanne,Rossignol 288, 6730 Tintigny
since 2021unit no. 2.325.279.545
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 85001B0599/00G000 | Wallonia | 2,352 m² | 1 · 185 m² | 8.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteTintignyunit no. 2.325.279.545
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Of 22 companies in this sector we hold annual accounts for 7. 4 are within a factor 10 of this equity. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded15-11-2021
Fiscal year end31-12
Activities, NACEBEL 2025
03210Fishing and aquaculture
03220Fishing and aquaculture
10200Manufacture of food products
46323Wholesale trade
47110Non-specialised retail sale with food, beverages or tobacco predominating
E-invoicing
Reachable via Peppol
Peppol ID
0208:0777344340
Also
9925:BE0777344340
Registered
12-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.