LDB
InactiveFinancials · financial year 2025, micro format
Turnover
≈ €130,000
Estimated: probably between €75,000 and €230,000
Total assets
€10,564▼ 71.8%
2024 · €37,428
Net result
-€26,339
2024 · €3,337
Working capital
-€55,555▼ 81.8%
2024 · -€30,551
Trend over the years
2023 to 2025, 3 financial years
The operating result turns negative in 2025: a loss of €24,413 after €5,531 in 2024, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€24,413
2025
Net result-€26,339
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€10,564
2025
Equity-€47,394
2025
Debt€57,958
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€55,555
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)1.8
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line202320242025
Operating result-€24,193-€5,531-€24,413
Net result-€26,392-€3,337-€26,339
Equity-€24,392--€21,055▲ 13.7%-€47,394▼ 125%
Total assets€3,100-€37,428▲ 12×€10,564▼ 71.8%
Debt€27,492-€58,484▲ 113%€57,958▼ 0.9%
Working capital-€27,307--€30,551▼ 11.9%-€55,555▼ 81.8%
Staff (FTE)4.4-1.8▼ 59.1%1.8=
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10,564
Fixed assets
€8,160 ▼ 14.1%
Current assets
€2,404 ▼ 91.4%
Equity and liabilities
Equity-€47,394
Debt€57,958
Equity is negative: debt (€57,958) exceeds the balance-sheet total (€10,564).
Key figures and ratios
EBITDA
-€23,077▼
2024 · €6,618
Cash flow
-€25,004▼
2024 · €4,424
Solvency
-448.7%▼
2024 · -56.3%
Current ratio
0.04▼
2024 · 0.48
ROA
-249.3%▼
2024 · 8.9%
Interest coverage
-11.98▼
2024 · 3.02
Debt ≤ 1 year
€57,958▼
2024 · €58,484
Staff costs
€49,381▼
2024 · €72,056
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €37,646 | €72,056 | €49,381 | ▼ 31.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,098 | €1,087 | €1,336 | ▲ 22.8% |
| Other operating charges640/8 | €3,099 | €4,589 | €4,867 | ▲ 6.1% |
| Gross operating margin9900 | €17,649 | €83,264 | €31,171 | ▼ 62.6% |
| Operating profit (loss)9901 | -€24,193 | €5,531 | -€24,413 | - |
| Financial charges65/66B | €1,877 | €2,194 | €1,926 | ▼ 12.2% |
| Recurring financial charges65 | €1,877 | €2,194 | €1,926 | ▼ 12.2% |
| Profit (loss) for the period before taxes9903 | -€26,070 | €3,337 | -€26,339 | - |
| Income taxes67/77 | €322 | - | - | - |
| Profit (loss) for the period9904 | -€26,392 | €3,337 | -€26,339 | - |
| Profit (loss) for the period to be appropriated9905 | -€26,392 | €3,337 | -€26,339 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €3,100 | €37,428 | €10,564 | ▼ 71.8% |
| Fixed assets21/28 | €2,915 | €9,496 | €8,160 | ▼ 14.1% |
| Tangible fixed assets22/27 | €2,800 | €3,381 | €2,045 | ▼ 39.5% |
| Plant, machinery and equipment23 | €1,160 | €837 | €514 | ▼ 38.6% |
| Furniture and vehicles24 | €1,640 | €2,544 | €1,531 | ▼ 39.8% |
| Financial fixed assets28 | €115 | €6,115 | €6,115 | = |
| Current assets29/58 | €185 | €27,933 | €2,404 | ▼ 91.4% |
| Amounts receivable within one year40/41 | €162 | €88 | €425 | ▲ 381% |
| Other amounts receivable41 | €162 | €88 | €425 | ▲ 381% |
| Cash at bank and in hand54/58 | €23 | €27,723 | €1,979 | ▼ 92.9% |
| Deferred charges and accrued income490/1 | - | €122 | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €3,100 | €37,428 | €10,564 | ▼ 71.8% |
| Equity10/15 | -€24,392 | -€21,055 | -€47,394 | ▼ 125% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | -€26,392 | -€23,055 | -€49,394 | ▼ 114% |
| Amounts payable17/49 | €27,492 | €58,484 | €57,958 | ▼ 0.9% |
| Amounts payable within one year42/48 | €27,492 | €58,484 | €57,958 | ▼ 0.9% |
| Trade debts44 | €22,613 | €24,627 | €1,082 | ▼ 95.6% |
| Suppliers440/4 | €22,613 | €24,627 | €1,082 | ▼ 95.6% |
| Taxes, remuneration and social security45 | €1,105 | €10,266 | - | - |
| Taxes450/3 | €414 | €762 | - | - |
| Remuneration and social security454/9 | €691 | €9,504 | - | - |
| Other amounts payable47/48 | €3,774 | €23,591 | €56,876 | ▲ 141% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€26,392 | €3,337 | -€26,339 | - |
| + Depreciation and write-downs630 | €1,098 | €1,087 | €1,336 | ▲ 22.8% |
| Operating cash flow (approximation) | -€25,294 | €4,424 | -€25,004 | - |
| Investment in fixed assets (approximation) | - | -€7,668 | €0 | - |
| Change in cash | - | €27,699 | -€25,744 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (3)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 24-07-2026 | 2026-00334324 |
| 31-12-2024 | micro format | 28-08-2025 | 2025-00421286 |
| 31-12-2023 | micro format | 29-08-2024 | 2024-00400905 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.