LD Warehousing
ActiveSummary
The computed 12-month bankruptcy probability of LD Warehousing is 2.8% (moderate). The 2025 annual accounts show equity of €67,753 and a net result of €20,006. Equity is growing by ~11.8% per year across the filed fiscal years. Its solvency ranks better than 54% of 489 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability82▲+73
Solvency61▼-1
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity ample (current ratio 1.53 against 1.5 in 2024; short-term debt: 63.7% and cash: 26.9% of total assets), but 63.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 53
Relative position
BE, all sectors
reference
Postal and courier activities (NACE 53)
about 277% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
36.3%
Return on assets
10.7%
Age of the figures
15 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 13-02-2026, 13 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 · 8 filingsDeviation from the deadline
2025
13 d late
2024
4 d late
2023
15 d late
2022
43 d late
2021
1 d late
2020
1 d late
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 11 days after the deadline; the sector median for financial year 2024 is 12 days after the deadline, and 56% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 13 February (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€67,753▲ 41.9%
2024 · €47,747
Total assets
€186,704▲ 44.2%
2024 · €129,499
Net result
€20,006
2024 · -€9,720
Working capital
€63,004▲ 53.9%
2024 · €40,926
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 53, Postal and courier activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€29,960▲ 234%€10,442▼ 65.1%€5,530▼ 47.0%-€9,353€22,439
Net result€24,838above the sector's middle half▲ 246%€7,521within the sector's middle half▼ 69.7%€3,733within the sector's middle half▼ 50.4%-€9,720below the sector's middle half€20,006within the sector's middle half
Equity€46,214within the sector's middle half▲ 42.7%€53,735within the sector's middle half▲ 16.3%€57,467within the sector's middle half▲ 6.9%€47,747within the sector's middle half▼ 16.9%€67,753within the sector's middle half▲ 41.9%
Total assets€120,860within the sector's middle half▲ 21.8%€105,978within the sector's middle half▼ 12.3%€124,489within the sector's middle half▲ 17.5%€129,499within the sector's middle half▲ 4.0%€186,704within the sector's middle half▲ 44.2%
Debt€74,646▲ 11.7%€52,244▼ 30.0%€67,021▲ 28.3%€81,752▲ 22.0%€118,951▲ 45.5%
Working capital€40,581within the sector's middle half▼ 12.7%€50,170above the sector's middle half▲ 23.6%€67,409above the sector's middle half▲ 34.4%€40,926within the sector's middle half▼ 39.3%€63,004above the sector's middle half▲ 53.9%
Solvency38.2%within the sector's middle half▲ 5.6pp50.7%within the sector's middle half▲ 12.5pp46.2%within the sector's middle half▼ 4.5pp36.9%within the sector's middle half▼ 9.3pp36.3%within the sector's middle half▼ 0.6pp
Current ratio1.54within the sector's middle half▼ 0.391.96within the sector's middle half▲ 0.422.24within the sector's middle half▲ 0.281.50within the sector's middle half▼ 0.741.53within the sector's middle half▲ 0.03
Return on assets (ROA)20.6%above the sector's middle half▲ 13.3pp7.1%within the sector's middle half▼ 13.5pp3.0%within the sector's middle half▼ 4.1pp-7.5%below the sector's middle half▼ 10.5pp10.7%within the sector's middle half▲ 18.2pp
Staff (FTE)5.6▼ 1.8%8.6▲ 53.6%7.6▼ 11.6%8.5▲ 11.8%15.1▲ 77.6%
above
within
below
the middle half (P25 to P75) of NACE 53, Postal and courier activities, 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 returns to profit in 2025: €22,439 after a loss of €9,353 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €186,704
Fixed assets
€4,749 ▼ 30.4%
Current assets
€181,955 ▲ 48.3%
Equity and liabilities €186,704
Equity
€67,753 ▲ 41.9%
Debt
€118,951 ▲ 45.5%
Debt's share of the balance-sheet total rises from 63.1% to 63.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€24,511▲
2024 · -€7,067
Cash flow
€22,078▲
2024 · -€7,434
Debt to equity
1.76▲
2024 · 1.71
ROE
29.5%▲
2024 · -20.4%
Interest coverage
58.97▲
2024 · -15.10
Debt ≤ 1 year
€118,951▲
2024 · €81,752
Income taxes
€3,896
Staff costs
€345,696▲
2024 · €291,135
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,781 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
2.7%
stopped otherwise
97%
still going
For this company itself Checked computes a higher bankruptcy probability: 2.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 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% | 1.9% |
| 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 6,781 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €194,890 | €212,482 | €291,135 | €345,696 | ▲ 18.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,628 | €2,069 | €1,867 | €2,286 | €2,072 | ▼ 9.4% |
| Other operating charges640/8 | - | €1,063 | €1,094 | €1,136 | €1,190 | ▲ 4.7% |
| Non-recurring operating charges66A | - | - | €2,496 | - | - | - |
| Gross operating margin9900 | €195,516 | €208,463 | €223,468 | €285,204 | €371,397 | ▲ 30.2% |
| Operating profit (loss)9901 | €29,960 | €10,442 | €5,530 | -€9,353 | €22,439 | ▲ 340% |
| Financial income75/76B | - | €3 | €13 | €101 | €1,879 | ▲ 1,757% |
| Recurring financial income75 | €0 | €3 | €13 | €101 | €1,879 | ▲ 1,757% |
| Financial charges65/66B | - | €85 | €79 | €468 | €416 | ▼ 11.2% |
| Recurring financial charges65 | €107 | €85 | €79 | €468 | €416 | ▼ 11.2% |
| Profit (loss) for the period before taxes9903 | €29,853 | €10,360 | €5,465 | -€9,720 | €23,902 | ▲ 346% |
| Income taxes67/77 | €5,015 | €2,839 | €1,732 | - | €3,896 | - |
| Profit (loss) for the period9904 | €24,838 | €7,521 | €3,733 | -€9,720 | €20,006 | ▲ 306% |
| Profit (loss) for the period to be appropriated9905 | €24,838 | €7,521 | €3,733 | -€9,720 | €20,006 | ▲ 306% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €120,860 | €105,978 | €124,489 | €129,499 | €186,704 | ▲ 44.2% |
| Fixed assets21/28 | €5,633 | €3,564 | €2,802 | €6,822 | €4,749 | ▼ 30.4% |
| Tangible fixed assets22/27 | €5,633 | €3,564 | €2,802 | €6,822 | €4,749 | ▼ 30.4% |
| Plant, machinery and equipment23 | - | €1,171 | €1,422 | €3,846 | €2,798 | ▼ 27.3% |
| Furniture and vehicles24 | - | €2,394 | €1,379 | €2,975 | €1,952 | ▼ 34.4% |
| Current assets29/58 | €115,227 | €102,414 | €121,687 | €122,678 | €181,955 | ▲ 48.3% |
| Amounts receivable within one year40/41 | €86,645 | €98,925 | €61,515 | €53,024 | €131,688 | ▲ 148% |
| Trade receivables40 | - | €95,964 | €60,720 | €50,096 | €128,010 | ▲ 156% |
| Other amounts receivable41 | - | €2,961 | €795 | €2,928 | €3,678 | ▲ 25.6% |
| Cash at bank and in hand54/58 | €27,011 | €3,489 | €57,984 | €65,903 | €50,266 | ▼ 23.7% |
| Deferred charges and accrued income490/1 | - | - | €2,187 | €3,750 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €120,860 | €105,978 | €124,489 | €129,499 | €186,704 | ▲ 44.2% |
| Equity10/15 | €46,214 | €53,735 | €57,467 | €47,747 | €67,753 | ▲ 41.9% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €27,614 | €35,135 | €38,867 | €38,867 | €49,153 | ▲ 26.5% |
| Distributable reserves133 | - | €35,135 | €38,867 | €38,867 | €49,153 | ▲ 26.5% |
| Profit (loss) carried forward14 | - | - | - | -€9,720 | €0 | ▲ 100% |
| Amounts payable17/49 | €74,646 | €52,244 | €67,021 | €81,752 | €118,951 | ▲ 45.5% |
| Amounts payable after more than one year17 | - | - | €12,744 | - | - | - |
| Financial debts170/4 | - | - | €12,744 | - | - | - |
| Amounts payable within one year42/48 | €74,646 | €52,244 | €54,278 | €81,752 | €118,951 | ▲ 45.5% |
| Current portion of amounts payable after more than one year42 | - | €2,085 | €2,112 | €15,319 | €0 | ▼ 100% |
| Financial debts43 | - | - | - | €2,073 | €2,075 | ▲ 0.1% |
| Credit institutions430/8 | - | - | - | €2,073 | €2,075 | ▲ 0.1% |
| Trade debts44 | €29,939 | €21,494 | €22,644 | €21,652 | €50,463 | ▲ 133% |
| Suppliers440/4 | - | €21,494 | €22,644 | €21,652 | €50,463 | ▲ 133% |
| Taxes, remuneration and social security45 | - | €28,457 | €29,373 | €42,587 | €66,413 | ▲ 55.9% |
| Taxes450/3 | - | €8,556 | €9,464 | €24,911 | €41,643 | ▲ 67.2% |
| Remuneration and social security454/9 | - | €19,901 | €19,910 | €17,676 | €24,770 | ▲ 40.1% |
| Other amounts payable47/48 | - | €208 | €148 | €121 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,838 | €7,521 | €3,733 | -€9,720 | €20,006 | ▲ 306% |
| + Depreciation and write-downs630 | €1,628 | €2,069 | €1,867 | €2,286 | €2,072 | ▼ 9.4% |
| Operating cash flow (approximation) | €26,465 | €9,590 | €5,599 | -€7,434 | €22,078 | ▲ 397% |
| Investment in fixed assets (approximation) | - | €0 | -€1,104 | -€6,306 | €0 | ▲ 100% |
| Change in cash | - | -€23,522 | €54,495 | €7,919 | -€15,637 | ▼ 297% |
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
13-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 13 days late
2025
30-06
Financial
Back to profitnet €20,006
Net result €20,006 after one loss-making year.
04-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
2024
30-06
Financial
Weakest financial yearnet -€9,720
Net result drops to -€9,720, the lowest in the series; recovery starts the following year.
15-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 15 days late
2023
15-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 43 days late
2022
01-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 1 day late
2021
30-06
Financial
Highest result since 2019net €24,838 ▲246%
Operating result €29,960, net result €24,838, both a record.
01-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 1 day late
2020
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
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
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Zwevegem · 2 establishment units since 2016
Ground area
3,297 m²
Building footprint
191 m²
Volume, LiDAR
920 m³
2 parcels, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
LD Warehousing
since 20162.258.363.403
LD Warehousing
since 20162.258.363.797
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34022E0689/00W002 | Flanders | 2,779 m² | 1 · 39 m² | 0.0 m |
| 34030B0174/00E002 | Flanders | 518 m² | 1 · 152 m² | 9.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 4,920 companies in sector 53200 we hold annual accounts for 1,323. 1,084 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-10-2016
Fiscal year end30-06
Activities, NACEBEL 2025
52100Warehousing and storage
53200Other postal and courier activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0664999039
Also
9925:BE0664999039
Registered
17-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.