LDB-IMMO
Judicial reorganisationSummary
The file of LDB-IMMO contains 1 judicial reorganisation, as published in the Belgian State Gazette. During the judicial reorganisation Checked does not compute a bankruptcy probability from the figures: of the Belgian companies that opened one in 2023 and 2024, about one in four went bankrupt within twelve months. The 2025 annual accounts show equity of €147k and a net result of €-39k. Equity is shrinking by ~7.5% per year across the filed fiscal years.
Checked score
Score 2025
Axes · tick = 2024
Profitability13▼-54
Solvency42▼-4
Growth32=
Track record60
Credit verdict
No credit on open account during an ongoing judicial reorganisation
Liquidity short (current ratio 0.03 against 0.03 in 2024; short-term debt: 82.9% and cash: 0.1% of total assets), and 82.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year €-39k
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 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 · 10 filingsDeviation from the deadline
2025
2 d late
2024
11 d late
2023
28 d late
2022
20 d late
2021
28 d late
2020
2 d early
2019
14 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€147k▼ 21.0%
2024 · €186k
2019: €245k
2020: €283k▲ +15.3% vs 2019highest in 7 years
2021: €219k▼ -22.6% vs 2020
2022: €263k▲ +20.4% vs 2021
2023: €197k▼ -25.1% vs 2022
2024: €186k▼ -5.7% vs 2023
2025: €147k▼ -21.0% vs 2024lowest in 7 years
2019 → 2025
Total assets
€860k▼ 2.9%
2024 · €886k
2019: €1.80Mhighest in 7 years
2020: €1.08M▼ -39.6% vs 2019
2021: €1.03M▼ -4.7% vs 2020
2022: €992k▼ -4.0% vs 2021
2023: €919k▼ -7.4% vs 2022
2024: €886k▼ -3.6% vs 2023
2025: €860k▼ -2.9% vs 2024lowest in 7 years
2019 → 2025
Net result
€-39k▼ 249%
2024 · €-11k
2019: €318k
2020: €143k▼ -55.2% vs 2019
2021: €-64k▼ -145% vs 2020
2022: €320k▲ +601% vs 2021highest in 7 years
2023: €-66k▼ -121% vs 2022lowest in 7 years
2024: €-11k▲ +83.1% vs 2023
2025: €-39k▼ -249% vs 2024
2019 → 2025
Working capital
€-691k▼ 1.9%
2024 · €-678k
2019: €-879klowest in 7 years
2020: €-705k▲ +19.8% vs 2019
2021: €-737k▼ -4.5% vs 2020
2022: €-655k▲ +11.1% vs 2021highest in 7 years
2023: €-693k▼ -5.8% vs 2022
2024: €-678k▲ +2.2% vs 2023
2025: €-691k▼ -1.9% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€219k-€263k▲ 20.4%€197k▼ 25.1%€186k▼ 5.7%€147k▼ 21.0%
2021: €219k
2022: €263k▲ +20.4% vs 2021highest in 5 years
2023: €197k▼ -25.1% vs 2022
2024: €186k▼ -5.7% vs 2023
2025: €147k▼ -21.0% vs 2024lowest in 5 years
Operating result€-60k-€444k€-64k€-9k▲ 85.8%€-37k▼ 305%
2021: €-60k
2022: €444k▲ +836% vs 2021highest in 5 years
2023: €-64k▼ -114% vs 2022lowest in 5 years
2024: €-9k▲ +85.8% vs 2023
2025: €-37k▼ -305% vs 2024
Net result€-64k-€320k€-66k€-11k▲ 83.1%€-39k▼ 249%
2021: €-64k
2022: €320k▲ +601% vs 2021highest in 5 years
2023: €-66k▼ -121% vs 2022lowest in 5 years
2024: €-11k▲ +83.1% vs 2023
2025: €-39k▼ -249% 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 stays negative: a loss of €37k in 2025 against €9k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €860k
Fixed assets
€838k ▼ 3.0%
Current assets
€22k ▲ 0.6%
Equity and liabilities €860k
Equity
€147k ▼ 21.0%
Debt
€713k ▲ 1.9%
Debt's share of the balance-sheet total rises from 79.0% to 82.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-11k▼
2024 · €22k
Cash flow
€-13k▼
2024 · €20k
Current ratio
0.03▼
2024 · 0.03
Debt to equity
4.85▲
2024 · 3.76
ROE
-26.5%▼
2024 · -6.0%
ROA
-4.5%▼
2024 · -1.3%
Interest coverage
-5.72▼
2024 · 10.95
Debt ≤ 1 year
€713k▲
2024 · €700k
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 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€886k€860k▼
Fixed assets21/28€864k€838k▼
Tangible fixed assets22/27€512k€486k▼
Land and buildings22€512k€486k▼
Furniture and vehicles24€0-
Financial fixed assets28€352k€352k=
Current assets29/58€22k€22k▲
Amounts receivable within one year40/41€22k€22k=
Trade receivables40€22k€22k=
Cash at bank and in hand54/58€332€459▲
Equity and liabilities
Total equity and liabilities10/49€886k€860k▼
Equity10/15€186k€147k▼
Contributions10/11€95k€95k=
Capital10€95k€95k=
Issued capital100€95k€95k=
Revaluation surpluses12€273k€273k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Profit (loss) carried forward14€-184k€-223k▼
Amounts payable17/49€700k€713k▲
Amounts payable within one year42/48€700k€713k▲
Current portion of amounts payable after more than one year42€535k€535k=
Trade debts44€38k€12k▼
Suppliers440/4€38k€12k▼
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€4k€0▼
Taxes450/3€4k€0▼
Other amounts payable47/48€123k€165k▲
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31k€26k▼
Other operating charges640/8€2k€4k▲
Gross operating margin9900€24k€-7k▼
Operating profit (loss)9901€-9k€-37k▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€-11k€-39k▼
Income taxes67/77€0-
Profit (loss) for the period9904€-11k€-39k▼
Profit (loss) for the period to be appropriated9905€-11k€-39k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-184k€-223k▼
Profit (loss) brought forward from the previous period14P€-173k€-184k▼
The notes to these accounts (9 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 | €44k | €28k | €28k | €31k | €26k | ▼ 17.0% |
| Other operating charges640/8 | - | €12k | €2k | €2k | €4k | ▲ 188% |
| Gross operating margin9900 | €-11k | €484k | €-34k | €24k | €-7k | ▼ 128% |
| Operating profit (loss)9901 | €-60k | €444k | €-64k | €-9k | €-37k | ▼ 305% |
| Financial income75/76B | - | - | €0 | €0 | - | - |
| Recurring financial income75 | - | - | €0 | €0 | - | - |
| Financial charges65/66B | - | €107k | €2k | €2k | €2k | ▼ 4.2% |
| Recurring financial charges65 | €4k | €107k | €2k | €2k | €2k | ▼ 4.2% |
| Profit (loss) for the period before taxes9903 | €-64k | €337k | €-66k | €-11k | €-39k | ▼ 249% |
| Income taxes67/77 | - | €17k | €39 | €0 | - | - |
| Profit (loss) for the period9904 | €-64k | €320k | €-66k | €-11k | €-39k | ▼ 249% |
| Profit (loss) for the period to be appropriated9905 | €-64k | €320k | €-66k | €-11k | €-39k | ▼ 249% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.03M | €992k | €919k | €886k | €860k | ▼ 2.9% |
| Fixed assets21/28 | €987k | €923k | €895k | €864k | €838k | ▼ 3.0% |
| Tangible fixed assets22/27 | €985k | €571k | €543k | €512k | €486k | ▼ 5.1% |
| Land and buildings22 | - | €571k | €543k | €512k | €486k | ▼ 5.1% |
| Furniture and vehicles24 | - | €581 | €189 | €0 | - | - |
| Financial fixed assets28 | €2k | €352k | €352k | €352k | €352k | = |
| Current assets29/58 | €46k | €69k | €24k | €22k | €22k | ▲ 0.6% |
| Amounts receivable within one year40/41 | €46k | €22k | €22k | €22k | €22k | = |
| Trade receivables40 | - | €22k | €22k | €22k | €22k | = |
| Cash at bank and in hand54/58 | €117 | €47k | €1k | €332 | €459 | ▲ 38.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.03M | €992k | €919k | €886k | €860k | ▼ 2.9% |
| Equity10/15 | €219k | €263k | €197k | €186k | €147k | ▼ 21.0% |
| Contributions10/11 | €95k | €95k | €95k | €95k | €95k | = |
| Capital10 | - | €95k | €95k | €95k | €95k | = |
| Issued capital100 | - | €95k | €95k | €95k | €95k | = |
| Revaluation surpluses12 | - | €273k | €273k | €273k | €273k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Legal reserve130 | - | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €-427k | €-107k | €-173k | €-184k | €-223k | ▼ 21.2% |
| Amounts payable17/49 | €815k | €729k | €721k | €700k | €713k | ▲ 1.9% |
| Amounts payable after more than one year17 | €32k | - | - | - | - | - |
| Amounts payable within one year42/48 | €783k | €724k | €717k | €700k | €713k | ▲ 1.9% |
| Current portion of amounts payable after more than one year42 | - | €535k | €535k | €535k | €535k | = |
| Trade debts44 | €66k | €47k | €49k | €38k | €12k | ▼ 66.8% |
| Suppliers440/4 | - | €47k | €49k | €38k | €12k | ▼ 66.8% |
| Advances received on contracts in progress46 | - | €39k | €30k | €0 | - | - |
| Taxes, remuneration and social security45 | - | €17k | €17k | €4k | €0 | ▼ 100% |
| Taxes450/3 | - | €17k | €17k | €4k | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €86k | €86k | €123k | €165k | ▲ 34.1% |
| Accrued charges and deferred income492/3 | - | €5k | €5k | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-64k | €320k | €-66k | €-11k | €-39k | ▼ 249% |
| + Depreciation and write-downs630 | €44k | €28k | €28k | €31k | €26k | ▼ 17.0% |
| Operating cash flow (approximation) | €-20k | €348k | €-38k | €20k | €-13k | ▼ 165% |
| Investment in fixed assets (approximation) | - | €36k | €0 | €0 | €0 | - |
| Change in cash | - | €47k | €-45k | €-1k | €128 | ▲ 112% |
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
02-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 2 days late
2025
11-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 11 days late
2024
28-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
30-06
Financial
Weakest financial yearnet €-66k
Net result drops to €-66k, the lowest in the series; recovery starts the following year.
20-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 20 days late
2022
30-06
Financial
Back to profitnet €320k
Net result €320k after one loss-making year.
28-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 28 days late
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
17-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
03-07
Judicial reorganisation
Extension
Tribunal de l’entreprise francophone de Bruxelles · court-supervised transfer · event 26-06-2019
2018
28-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
28-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 28 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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-Jans-Molenbeek
Ground area
558 m²
Building footprint
489 m²
Volume, LiDAR
11,296 m³
Parcel 21526D0069/00C002, Brussels · tallest building 26.3 m, ±8 floors. Linked by address, not a title deed.
12
companies at this address
See who is registered here
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21526D0069/00C002 | Brussels | 558 m² | 1 · 489 m² | 26.3 m · 8 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.
Identification & contact
Identification
Legal formPublic limited company
Founded08-12-1992
Fiscal year end30-06
Scores and ratios are computed by Checked and are not a credit decision.