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LD Sourcing

Active
Private limited companyfounded 20214 yrs activeBarcène 4, 5590 Ciney, BelgiumKBO/BCE: BE 0779.290.575
Summary

The computed 12-month bankruptcy probability of LD Sourcing is 1.9% (moderate). The 2025 annual accounts show equity of €41,531 and a net result of -€1,183. Equity is growing by ~11.1% per year across the filed fiscal years. Its solvency ranks better than 95% of 11693 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
Profitability15▼-77
Solvency100=
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
1.9% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity ample (current ratio 24.76 against 19.44 in 2024; short-term debt: 4% of total assets), and 4% of the assets are financed with debt.
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Signals

Five 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 2025
Solvency, return and age of the figures
Solvency
96%
Return on assets
-2.7%
Age of the figures
9 mo
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 08-05-2026, 84 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
84 d early
2024
9 d early
2023
50 d early
2022
4 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 35 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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 2 July (3 of the last 4 filed years within 33 days of that day).
Companies Code · seven months
Position in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

LD Sourcing was incorporated on 23 December 2021 as a Private limited company.1 Total assets fell from EUR 58,403 in 2022 to EUR 43,268 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2025

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Financials · fiscal year 2025, micro schema

Turnover
€121,541
EBIT margin
5.3%
Net result
-€1,183
2024 · €8,479
Working capital
€41,270▼ 2.2%
2024 · €42,196
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 46, Wholesale trade, 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
Turnover€121,541-
Operating result€6,453-€6,104▼ 5.4%€11,451▲ 87.6%-€1,028
Net result€4,765within the sector's middle half-€4,471within the sector's middle half▼ 6.2%€8,479within the sector's middle half▲ 89.6%-€1,183within the sector's middle half
EBIT margin5.3%-
Equity€29,765within the sector's middle half-€34,236within the sector's middle half▲ 15.0%€42,715within the sector's middle half▲ 24.8%€41,531within the sector's middle half▼ 2.8%
Total assets€58,403below the sector's middle half-€51,982below the sector's middle half▼ 11.0%€45,003below the sector's middle half▼ 13.4%€43,268below the sector's middle half▼ 3.9%
Debt€28,638-€17,746▼ 38.0%€2,288▼ 87.1%€1,737▼ 24.1%
Working capital€28,731within the sector's middle half-€33,460within the sector's middle half▲ 16.5%€42,196within the sector's middle half▲ 26.1%€41,270within the sector's middle half▼ 2.2%
Solvency51.0%within the sector's middle half-65.9%within the sector's middle half▲ 14.9pp94.9%above the sector's middle half▲ 29.1pp96.0%above the sector's middle half▲ 1.1pp
Current ratio2.00within the sector's middle half-2.89within the sector's middle half▲ 0.8819.44above the sector's middle half▲ 16.5524.76above the sector's middle half▲ 5.32
Return on assets (ROA)8.2%within the sector's middle half-8.6%within the sector's middle half▲ 0.4pp18.8%above the sector's middle half▲ 10.2pp-2.7%within the sector's middle half▼ 21.6pp
above within below the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
-€5,000€0€5,000€10,000Operating result 2022: €6,453€6,453Net result 2022: €4,765€4,765Operating result 2023: €6,104€6,104Net result 2023: €4,471€4,471Operating result 2024: €11,451€11,451Net result 2024: €8,479€8,479Operating result 2025: -€1,028-€1,028Net result 2025: -€1,183-€1,1832022202320242025-€5,000€0€5,000€10,000Operating result 2023: €6,104€6,100Net result 2023: €4,471€4,470Operating result 2024: €11,451€11,500Net result 2024: €8,479€8,480Operating result 2025: -€1,028-€1,030Net result 2025: -€1,183-€1,180202320242025
The operating result turns negative in 2025: a loss of €1,028 after €11,451 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €43,268
Equity €41,531 ▼ 2.8%
Debt €1,737 ▼ 24.1%
Debt's share of the balance-sheet total falls from 5.1% to 4.0%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€771▼
2024 · €11,708
Cash flow
-€926▼
2024 · €8,736
Debt to equity
0.04▼
2024 · 0.05
ROE
-2.8%▼
2024 · 19.9%
Interest coverage
-4.96▼
2024 · 80.58
Debt ≤ 1 year
€1,737▼
2024 · €2,288
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,146 companies that looked in July 2024 the way this one looks now, 2.2% went bankrupt within 24 months and 92% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a small loss
2.2% went bankrupt
5.9% stopped otherwise
92% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.9% 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%.

The companies in ten equal groups, from lowest to 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% 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 2,146 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 31 lines
Balance sheet Code20242025
Assets
Total assets20/58€45,003€43,268▼
Formation expenses20€519€262▼
Current assets29/58€44,484€43,006▼
Amounts receivable within one year40/41€5,724€16▼
Trade receivables40€5,685€0▼
Other amounts receivable41€39€16▼
Current investments50/53€38,760€42,990▲
Equity and liabilities
Total equity and liabilities10/49€45,003€43,268▼
Equity10/15€42,715€41,531▼
Contributions10/11€25,000€25,000=
Profit (loss) carried forward14€17,715€16,531▼
Amounts payable17/49€2,288€1,737▼
Amounts payable within one year42/48€2,288€1,737▼
Trade debts44€962€410▼
Suppliers440/4€962€410▼
Taxes, remuneration and social security45€1,326€1,326=
Taxes450/3€1,326€1,326=
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€257€257=
Other operating charges640/8€387€400▲
Gross operating margin9900€12,095-€371▼
Operating profit (loss)9901€11,451-€1,028▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€145€155▲
Recurring financial charges65€145€155▲
Profit (loss) for the period before taxes9903€11,305-€1,183▼
Income taxes67/77€2,826-
Profit (loss) for the period9904€8,479-€1,183▼
Profit (loss) for the period to be appropriated9905€8,479-€1,183▼
Appropriation of the result
Profit (loss) to be appropriated9906€17,715€16,531▼
Profit (loss) brought forward from the previous period14P€9,236€17,715▲

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2022202320242025Change
Turnover70€121,541----
Goods, raw materials, services and sundry goods60/61€114,488€168,816---
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€253€257€257€257=
Other operating charges640/8€348€384€387€400▲ 3.2%
Gross operating margin9900€7,053€6,746€12,095-€371▼ 103%
Operating profit (loss)9901€6,453€6,104€11,451-€1,028▼ 109%
Financial income75/76B--€0--
Recurring financial income75--€0--
Financial charges65/66B€100€143€145€155▲ 6.9%
Recurring financial charges65€100€143€145€155▲ 6.9%
Profit (loss) for the period before taxes9903€6,353€5,962€11,305-€1,183▼ 110%
Income taxes67/77€1,588€1,490€2,826--
Profit (loss) for the period9904€4,765€4,471€8,479-€1,183▼ 114%
Profit (loss) for the period to be appropriated9905€4,765€4,471€8,479-€1,183▼ 114%
Line2022202320242025Change
Assets
Total assets20/58€58,403€51,982€45,003€43,268▼ 3.9%
Formation expenses20€1,033€776€519€262▼ 49.6%
Current assets29/58€57,370€51,206€44,484€43,006▼ 3.3%
Amounts receivable within one year40/41€16,555€46,189€5,724€16▼ 99.7%
Trade receivables40€16,460€39,343€5,685€0▼ 100%
Other amounts receivable41€95€6,847€39€16▼ 58.8%
Current investments50/53€40,815€5,016€38,760€42,990▲ 10.9%
Cash at bank and in hand54/58€0----
Equity and liabilities
Total equity and liabilities10/49€58,403€51,982€45,003€43,268▼ 3.9%
Equity10/15€29,765€34,236€42,715€41,531▼ 2.8%
Contributions10/11€25,000€25,000€25,000€25,000=
Profit (loss) carried forward14€4,765€9,236€17,715€16,531▼ 6.7%
Amounts payable17/49€28,638€17,746€2,288€1,737▼ 24.1%
Amounts payable within one year42/48€28,638€17,746€2,288€1,737▼ 24.1%
Trade debts44€27,048€17,746€962€410▼ 57.3%
Suppliers440/4€27,048€17,746€962€410▼ 57.3%
Taxes, remuneration and social security45€1,590€0€1,326€1,326=
Taxes450/3€1,590€0€1,326€1,326=
Other amounts payable47/48€0----
Line2022202320242025Change
Profit (loss) for the period9904€4,765€4,471€8,479-€1,183▼ 114%
+ Depreciation and write-downs630€253€257€257€257=
Operating cash flow (approximation)€5,017€4,728€8,736-€926▼ 111%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
18-06
State Gazette act Permanent representatives: PONCELET Maurice and Ledecq Raphael
Director discharge6 facts ▸
  • General meeting, 29-12-2025
  • Permanent representative, PONCELET Maurice (permanent representative)
  • Permanent representative, Ledecq Raphael (permanent representative)
  • Director discharge, PONCELET Maurice (director)
  • Other statement, divers, néant
  • Other statement, clôture, aucun autre point,aucune question
08-05
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial Weakest financial yearnet -€1,183
Net result drops to -€1,183, the lowest in the series.
22-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Highest result since 2022net €8,479 ▲89.6%
Operating result €11,451, net result €8,479, both a record.
31-12
Financial Liquidity times 7current ratio 19.44
Current ratio from 2.89 to 19.44; short-term debt falls from €17,746 to €2,288.
11-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
04-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 4 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 2 acts read
About the unread acts

Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not 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: 1 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Ciney · 1 establishment unit since 2021
seat establishment The establishment unit on the map
Ground area
1.2 ha
Building footprint
1,686 m²
Parcel 91030D0205/00T000, Wallonia. Linked by address, not a title deed.
6 companies at this address See who is registered here
1 establishment unit
LD Sourcing
Barcène 4, 5590 CineyAgents in the wholesale of food, beverages and tobacco
since 20212.327.647.434
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
91030D0205/00T000 Wallonia 1.2 ha 1 · 1,686 m² -
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.

Similar companies · same sector, comparable size

Of 1,583 companies in this sector we hold annual accounts for 991. 575 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company details

Identification
Legal formPrivate limited company
Founded23-12-2021
Fiscal year end31-12
Activities, NACEBEL 2025
46349Wholesale of beverages, general range
46180Agents specialised in the wholesale of other particular products
E-invoicing
Reachable via Peppol
Peppol ID 0208:0779290575
Also 9925:BE0779290575
Registered 11-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.