LDAR
ActiveSummary
LDAR has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €187k and a net result of €22k. Equity is growing by ~17% per year across the filed fiscal years. Its solvency ranks better than 95% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▼-1
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity ample (current ratio 97.71 against 11.89 in 2024; short-term debt: 1% and cash: 58.2% of total assets), and 1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
99%
Return on assets
11.7%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 20-03-2026, 41 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
41 d early
2024
43 d early
2023
43 d early
2022
51 d early
2021
3 d early
2020
7 d early
2019
57 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€187k▲ 13.4%
2024 · €164k
2018: €112k
2019: €61k▼ -45.3% vs 2018lowest in 8 years
2020: €88k▲ +44.3% vs 2019
2021: €93k▲ +5.7% vs 2020
2022: €116k▲ +24.9% vs 2021
2023: €143k▲ +22.7% vs 2022
2024: €164k▲ +15.2% vs 2023
2025: €187k▲ +13.4% vs 2024highest in 8 years
2018 → 2025
Total assets
€188k▲ 5.7%
2024 · €178k
2018: €124k
2019: €150k▲ +20.8% vs 2018
2020: €111k▼ -26.0% vs 2019
2021: €101k▼ -9.3% vs 2020lowest in 8 years
2022: €137k▲ +36.3% vs 2021
2023: €161k▲ +17.3% vs 2022
2024: €178k▲ +10.7% vs 2023
2025: €188k▲ +5.7% vs 2024highest in 8 years
2018 → 2025
Net result
€22k▲ 1.4%
2024 · €22k
2018: €33k
2019: €38k▲ +16.8% vs 2018highest in 8 years
2020: €27k▼ -29.7% vs 2019
2021: €5k▼ -81.6% vs 2020lowest in 8 years
2022: €23k▲ +365% vs 2021
2023: €26k▲ +13.9% vs 2022
2024: €22k▼ -17.8% vs 2023
2025: €22k▲ +1.4% vs 2024
2018 → 2025
Working capital
€178k▲ 19.2%
2024 · €150k
2018: €111k
2019: €60k▼ -46.1% vs 2018lowest in 8 years
2020: €91k▲ +52.9% vs 2019
2021: €92k▲ +1.0% vs 2020
2022: €115k▲ +25.2% vs 2021
2023: €121k▲ +5.2% vs 2022
2024: €150k▲ +23.4% vs 2023
2025: €178k▲ +19.2% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€93k-€116k▲ 24.9%€143k▲ 22.7%€164k▲ 15.2%€187k▲ 13.4%
2021: €93klowest in 5 years
2022: €116k▲ +24.9% vs 2021
2023: €143k▲ +22.7% vs 2022
2024: €164k▲ +15.2% vs 2023
2025: €187k▲ +13.4% vs 2024highest in 5 years
Operating result€8k-€33k▲ 333%€39k▲ 18.8%€33k▼ 15.9%€30k▼ 9.8%
2021: €8klowest in 5 years
2022: €33k▲ +333% vs 2021
2023: €39k▲ +18.8% vs 2022highest in 5 years
2024: €33k▼ -15.9% vs 2023
2025: €30k▼ -9.8% vs 2024
Net result€5k-€23k▲ 365%€26k▲ 13.9%€22k▼ 17.8%€22k▲ 1.4%
2021: €5klowest in 5 years
2022: €23k▲ +365% vs 2021
2023: €26k▲ +13.9% vs 2022highest in 5 years
2024: €22k▼ -17.8% vs 2023
2025: €22k▲ +1.4% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 10% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €188k
Fixed assets
€8k ▼ 44.5%
Current assets
€180k ▲ 10.3%
Equity and liabilities €188k
Equity
€187k ▲ 13.4%
Debt
€2k ▼ 86.6%
Debt's share of the balance-sheet total falls from 7.7% to 1.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€36k▼
2024 · €39k
Cash flow
€29k▲
2024 · €28k
Current ratio
97.71▲
2024 · 11.89
Debt to equity
0.01▼
2024 · 0.08
ROE
11.8%▼
2024 · 13.2%
ROA
11.7%▼
2024 · 12.2%
Interest coverage
208.48▼
2024 · 326.75
Debt ≤ 1 year
€2k▼
2024 · €14k
Income taxes
€10k▼
2024 · €13k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€178k€188k▲
Fixed assets21/28€15k€8k▼
Tangible fixed assets22/27€14k€7k▼
Furniture and vehicles24€14k€7k▼
Financial fixed assets28€1k€1k=
Current assets29/58€163k€180k▲
Amounts receivable within one year40/41€52k€70k▲
Trade receivables40€19k€25k▲
Other amounts receivable41€33k€45k▲
Cash at bank and in hand54/58€111k€110k▼
Deferred charges and accrued income490/1€802€820▲
Equity and liabilities
Total equity and liabilities10/49€178k€188k▲
Equity10/15€164k€187k▲
Contributions10/11€8k€8k=
Reserves13€65k€84k▲
Distributable reserves133€65k€84k▲
Profit (loss) carried forward14€91k€94k▲
Amounts payable17/49€14k€2k▼
Amounts payable within one year42/48€14k€2k▼
Trade debts44€8k€1k▼
Suppliers440/4€8k€1k▼
Taxes, remuneration and social security45€6k€689▼
Taxes450/3€6k€689▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€7k=
Other operating charges640/8€896€916▲
Gross operating margin9900€40k€37k▼
Operating profit (loss)9901€33k€30k▼
Financial income75/76B€2k€2k▲
Recurring financial income75€2k€2k▲
Financial charges65/66B€121€174▲
Recurring financial charges65€121€174▲
Profit (loss) for the period before taxes9903€34k€32k▼
Income taxes67/77€13k€10k▼
Profit (loss) for the period9904€22k€22k▲
Profit (loss) for the period to be appropriated9905€22k€22k▲
Appropriation of the result
Profit (loss) to be appropriated9906€111k€113k▲
Profit (loss) brought forward from the previous period14P€90k€91k▲
Transfer from equity791/2€2k-
Transfer to equity691/2€22k€19k▼
To contributions691€2k-
To other reserves6921€20k€19k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €183 | - | €6k | €7k | €7k | = |
| Other operating charges640/8 | €3k | €1k | €1k | €896 | €916 | ▲ 2.2% |
| Gross operating margin9900 | €10k | €34k | €46k | €40k | €37k | ▼ 7.9% |
| Operating profit (loss)9901 | €8k | €33k | €39k | €33k | €30k | ▼ 9.8% |
| Financial income75/76B | €1k | €1k | €2k | €2k | €2k | ▲ 33.7% |
| Recurring financial income75 | €1k | €1k | €2k | €2k | €2k | ▲ 33.7% |
| Financial charges65/66B | €1k | €87 | €163 | €121 | €174 | ▲ 44.0% |
| Recurring financial charges65 | €1k | €87 | €163 | €121 | €174 | ▲ 44.0% |
| Profit (loss) for the period before taxes9903 | €8k | €34k | €41k | €34k | €32k | ▼ 7.8% |
| Income taxes67/77 | €3k | €11k | €14k | €13k | €10k | ▼ 23.4% |
| Profit (loss) for the period9904 | €5k | €23k | €26k | €22k | €22k | ▲ 1.4% |
| Profit (loss) for the period to be appropriated9905 | €5k | €23k | €26k | €22k | €22k | ▲ 1.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €101k | €137k | €161k | €178k | €188k | ▲ 5.7% |
| Fixed assets21/28 | €1k | €1k | €22k | €15k | €8k | ▼ 44.5% |
| Tangible fixed assets22/27 | €0 | - | €20k | €14k | €7k | ▼ 48.3% |
| Furniture and vehicles24 | €0 | - | €20k | €14k | €7k | ▼ 48.3% |
| Financial fixed assets28 | €1k | €1k | €1k | €1k | €1k | = |
| Current assets29/58 | €100k | €136k | €139k | €163k | €180k | ▲ 10.3% |
| Amounts receivable within one year40/41 | €40k | €45k | €56k | €52k | €70k | ▲ 33.9% |
| Trade receivables40 | €17k | €19k | €28k | €19k | €25k | ▲ 31.8% |
| Other amounts receivable41 | €23k | €27k | €28k | €33k | €45k | ▲ 35.1% |
| Cash at bank and in hand54/58 | €58k | €89k | €82k | €111k | €110k | ▼ 0.7% |
| Deferred charges and accrued income490/1 | €2k | €1k | €899 | €802 | €820 | ▲ 2.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €101k | €137k | €161k | €178k | €188k | ▲ 5.7% |
| Equity10/15 | €93k | €116k | €143k | €164k | €187k | ▲ 13.4% |
| Contributions10/11 | €6k | €6k | €6k | €8k | €8k | = |
| Reserves13 | €2k | €22k | €47k | €65k | €84k | ▲ 29.2% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €2k | - | - | - |
| Distributable reserves133 | - | €20k | €45k | €65k | €84k | ▲ 29.2% |
| Profit (loss) carried forward14 | €85k | €88k | €90k | €91k | €94k | ▲ 3.3% |
| Amounts payable17/49 | €8k | €21k | €18k | €14k | €2k | ▼ 86.6% |
| Amounts payable within one year42/48 | €8k | €21k | €18k | €14k | €2k | ▼ 86.6% |
| Trade debts44 | €3k | €5k | €6k | €8k | €1k | ▼ 84.8% |
| Suppliers440/4 | €3k | €5k | €6k | €8k | €1k | ▼ 84.8% |
| Taxes, remuneration and social security45 | €5k | €16k | €12k | €6k | €689 | ▼ 88.8% |
| Taxes450/3 | €5k | €16k | €12k | €6k | €689 | ▼ 88.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5k | €23k | €26k | €22k | €22k | ▲ 1.4% |
| + Depreciation and write-downs630 | €183 | - | €6k | €7k | €7k | = |
| Operating cash flow (approximation) | €5k | €23k | €33k | €28k | €29k | ▲ 1.0% |
| Investment in fixed assets (approximation) | - | €0 | €-27k | €0 | €0 | - |
| Change in cash | - | €32k | €-7k | €28k | €-809 | ▼ 103% |
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
20-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Liquidity times 8current ratio 97.71
Current ratio from 11.89 to 97.71; short-term debt falls from €14k to €2k.
18-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Equity above €150kEq €164k ▲15.2%
7 profitable years in a row build equity to €164k.
18-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
10-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Equity above €100kEq €116k ▲24.9%
5 profitable years in a row build equity to €116k.
27-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Weakest financial yearnet €5k ▼81.6%
Net result drops to €5k, the lowest in the series; recovery starts the following year.
30-09
Financial
Liquidity doublescurrent ratio 13.12
Current ratio from 5.89 to 13.12; short-term debt falls from €19k to €8k.
23-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Liquidity quadruplescurrent ratio 5.89
Current ratio from 1.67 to 5.89; short-term debt falls from €89k to €19k.
Show earlier events
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 57 days late
2019
30-09
Financial
Highest result since 2018net €38k ▲16.8%
Net result €38k, the highest in the series.
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
02-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 2 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Sint-Gillis (bij-Brussel) · 1 establishment unit since 1999
Ground area
779 m²
Building footprint
589 m²
Volume, LiDAR
16,133 m³
Parcel 21013B0371/00N017, Brussels · tallest building 32.0 m, ±10 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
LDAR
since 19992.091.458.867
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21013B0371/00N017 | Brussels | 779 m² | 1 · 589 m² | 32.0 m · 10 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.
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Of 16,879 companies in sector 62100 we hold annual accounts for 8,771. 6,689 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
Founded20-04-1999
Fiscal year end30-09
Activities, NACEBEL 2025
62100Computer programming
46500Wholesale of information and communication equipment
Scores and ratios are computed by Checked and are not a credit decision.