LDB-V
ActiveSummary
LDB-V has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €165,273 and a net result of €14,423. Equity is growing by ~7.9% per year across the filed fiscal years. Its solvency ranks better than 15% of 1765 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70=
Solvency37▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity short (current ratio 0.91 against 0.92 in 2024; short-term debt: 72% and cash: 5.2% of total assets), and 88.3% of the assets are financed with debt.
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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 01
Relative position
BE, all sectors
reference
Crop and animal production, hunting and related service activities (NACE 01)
about 70% 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
11.7%
Return on assets
1%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 1765 sector peers (2025).
NBB · sector comparisonPosition among 1765 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 03-12-2025, 59 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
59 d early
2024
66 d early
2023
53 d early
2022
38 d early
2021
on the day
2020
33 d early
2019
1 d early
← 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 36 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% 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 9 December (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€165,273▲ 9.6%
2024 · €150,850
Total assets
€1.4m▲ 18.7%
2024 · €1.2m
Net result
€14,423▲ 71.1%
2024 · €8,431
Working capital
-€89,818▼ 23.9%
2024 · -€72,474
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service 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€24,811▲ 1.9%€24,706▼ 0.4%€21,420▼ 13.3%€27,227▲ 27.1%€39,901▲ 46.5%
Net result€12,083within the sector's middle half▲ 32.8%€11,550within the sector's middle half▼ 4.4%€5,587below the sector's middle half▼ 51.6%€8,431below the sector's middle half▲ 50.9%€14,423within the sector's middle half▲ 71.1%
Equity€125,282below the sector's middle half▲ 10.7%€136,832below the sector's middle half▲ 9.2%€142,419below the sector's middle half▲ 4.1%€150,850below the sector's middle half▲ 5.9%€165,273below the sector's middle half▲ 9.6%
Total assets€954,000within the sector's middle half▲ 20.7%€921,502within the sector's middle half▼ 3.4%€1.1mwithin the sector's middle half▲ 22.1%€1.2mwithin the sector's middle half▲ 5.9%€1.4mwithin the sector's middle half▲ 18.7%
Debt€828,718▲ 22.4%€784,670▼ 5.3%€983,006▲ 25.3%€1.0m▲ 5.9%€1.2m▲ 20.0%
Working capital-€86,928within the sector's middle half▼ 57.5%-€107,679below the sector's middle half▼ 23.9%-€97,273below the sector's middle half▲ 9.7%-€72,474below the sector's middle half▲ 25.5%-€89,818below the sector's middle half▼ 23.9%
Solvency13.1%below the sector's middle half▼ 1.2pp14.8%within the sector's middle half▲ 1.7pp12.7%below the sector's middle half▼ 2.2pp12.7%below the sector's middle half=11.7%below the sector's middle half▼ 1.0pp
Current ratio0.85within the sector's middle half▼ 0.030.81within the sector's middle half▼ 0.040.88below the sector's middle half▲ 0.070.92within the sector's middle half▲ 0.040.91within the sector's middle half=
Return on assets (ROA)1.3%within the sector's middle half▲ 0.1pp1.3%within the sector's middle half=0.5%below the sector's middle half▼ 0.8pp0.7%below the sector's middle half▲ 0.2pp1.0%within the sector's middle half▲ 0.3pp
above
within
below
the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 47% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.4m
Fixed assets
€486,361 ▲ 21.0%
Current assets
€928,319 ▲ 17.5%
Equity and liabilities €1.4m
Equity
€165,273 ▲ 9.6%
Debt
€1.2m ▲ 20.0%
Debt's share of the balance-sheet total rises from 87.3% to 88.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€100,305▲
2024 · €75,552
Cash flow
€74,827▲
2024 · €56,756
Quick ratio
0.85▲
2024 · 0.71
Debt to equity
7.56▲
2024 · 6.90
ROE
8.7%▲
2024 · 5.6%
Interest coverage
6.58▲
2024 · 6.46
Debt ≤ 1 year
€1.0m▲
2024 · €862,352
Debt > 1 year
€231,270▲
2024 · €178,750
Income taxes
€10,235▲
2024 · €7,380
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,105 companies that looked in July 2024 the way this one looks now, 0.9% went bankrupt within 24 months and 98% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
0.9%
went bankrupt
0.9%
stopped otherwise
98%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 4,105 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €44,874 | €56,517 | €57,173 | €48,325 | €60,404 | ▲ 25.0% |
| Other operating charges640/8 | - | €2,971 | €1,867 | €2,328 | €1,957 | ▼ 15.9% |
| Gross operating margin9900 | €71,980 | €84,194 | €80,460 | €77,880 | €102,262 | ▲ 31.3% |
| Operating profit (loss)9901 | €24,811 | €24,706 | €21,420 | €27,227 | €39,901 | ▲ 46.5% |
| Financial income75/76B | - | €1,133 | €293 | €276 | €4 | ▼ 98.6% |
| Recurring financial income75 | €1,462 | €1,133 | €293 | €276 | €4 | ▼ 98.6% |
| Financial charges65/66B | - | €10,954 | €11,771 | €11,692 | €15,247 | ▲ 30.4% |
| Recurring financial charges65 | €11,318 | €10,954 | €11,771 | €11,692 | €15,247 | ▲ 30.4% |
| Profit (loss) for the period before taxes9903 | €14,955 | €14,885 | €9,942 | €15,811 | €24,658 | ▲ 56.0% |
| Income taxes67/77 | €2,872 | €3,335 | €4,355 | €7,380 | €10,235 | ▲ 38.7% |
| Profit (loss) for the period9904 | €12,083 | €11,550 | €5,587 | €8,431 | €14,423 | ▲ 71.1% |
| Profit (loss) for the period to be appropriated9905 | €12,083 | €11,550 | €5,587 | €8,431 | €14,423 | ▲ 71.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €954,000 | €921,502 | €1.1m | €1.2m | €1.4m | ▲ 18.7% |
| Fixed assets21/28 | €454,460 | €457,261 | €422,942 | €402,074 | €486,361 | ▲ 21.0% |
| Tangible fixed assets22/27 | €454,325 | €457,126 | €422,807 | €401,939 | €486,226 | ▲ 21.0% |
| Land and buildings22 | - | €394,695 | €373,662 | €357,059 | €339,262 | ▼ 5.0% |
| Plant, machinery and equipment23 | - | €2,594 | €11,327 | €8,268 | €25,388 | ▲ 207% |
| Furniture and vehicles24 | - | €59,837 | €37,818 | €36,612 | €27,028 | ▼ 26.2% |
| Leasing and similar rights25 | - | - | - | - | €94,548 | - |
| Financial fixed assets28 | €135 | €135 | €135 | €135 | €135 | = |
| Current assets29/58 | €499,540 | €464,241 | €702,483 | €789,878 | €928,319 | ▲ 17.5% |
| Stocks and contracts in progress3 | €83,980 | €39,020 | €88,082 | €178,213 | €61,942 | ▼ 65.2% |
| Stocks30/36 | - | €39,020 | €88,082 | €178,213 | €61,942 | ▼ 65.2% |
| Amounts receivable within one year40/41 | €305,823 | €269,538 | €416,692 | €448,539 | €788,438 | ▲ 75.8% |
| Trade receivables40 | - | €266,623 | €415,655 | €438,290 | €788,169 | ▲ 79.8% |
| Other amounts receivable41 | - | €2,915 | €1,037 | €10,249 | €269 | ▼ 97.4% |
| Cash at bank and in hand54/58 | €109,737 | €152,746 | €196,900 | €162,316 | €73,739 | ▼ 54.6% |
| Deferred charges and accrued income490/1 | - | €2,937 | €809 | €810 | €4,200 | ▲ 419% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €954,000 | €921,502 | €1.1m | €1.2m | €1.4m | ▲ 18.7% |
| Equity10/15 | €125,282 | €136,832 | €142,419 | €150,850 | €165,273 | ▲ 9.6% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Capital10 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Issued capital100 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €105,282 | €116,832 | €122,419 | €130,850 | €145,273 | ▲ 11.0% |
| Non-distributable reserves130/1 | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Legal reserve130 | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Distributable reserves133 | - | €114,832 | €120,419 | €128,850 | €143,273 | ▲ 11.2% |
| Amounts payable17/49 | €828,718 | €784,670 | €983,006 | €1.0m | €1.2m | ▲ 20.0% |
| Amounts payable after more than one year17 | €242,250 | €212,750 | €183,250 | €178,750 | €231,270 | ▲ 29.4% |
| Financial debts170/4 | - | €212,750 | €183,250 | €178,750 | €231,270 | ▲ 29.4% |
| Amounts payable within one year42/48 | €586,468 | €571,920 | €799,756 | €862,352 | €1.0m | ▲ 18.1% |
| Current portion of amounts payable after more than one year42 | - | €29,500 | €29,500 | €28,667 | €41,320 | ▲ 44.1% |
| Financial debts43 | - | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Credit institutions430/8 | - | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Trade debts44 | €330,297 | €327,903 | €560,469 | €654,921 | €792,103 | ▲ 20.9% |
| Suppliers440/4 | - | €327,903 | €560,469 | €654,921 | €792,103 | ▲ 20.9% |
| Taxes, remuneration and social security45 | - | €5,854 | €5,938 | €8,573 | €13,697 | ▲ 59.8% |
| Taxes450/3 | - | €5,854 | €5,938 | €8,573 | €13,697 | ▲ 59.8% |
| Other amounts payable47/48 | - | €58,663 | €53,849 | €20,191 | €21,017 | ▲ 4.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,083 | €11,550 | €5,587 | €8,431 | €14,423 | ▲ 71.1% |
| + Depreciation and write-downs630 | €44,874 | €56,517 | €57,173 | €48,325 | €60,404 | ▲ 25.0% |
| Operating cash flow (approximation) | €56,957 | €68,067 | €62,760 | €56,756 | €74,827 | ▲ 31.8% |
| Investment in fixed assets (approximation) | - | -€59,318 | -€22,854 | -€27,457 | -€144,691 | ▼ 427% |
| Change in cash | - | €43,009 | €44,154 | -€34,584 | -€88,577 | ▼ 156% |
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
2025
03-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
26-11
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
30-06
Financial
Equity above €150,000Eq €150,850 ▲5.9%
6 profitable years in a row build equity to €150,850.
2023
09-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
30-06
Financial
Weakest financial yearnet €5,587 ▼51.6%
Net result drops to €5,587, the lowest in the series; recovery starts the following year.
2022
24-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
29-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
30-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
05-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
28-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
23-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated 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, Aalter · 1 establishment unit since 2010
Ground area
6,782 m²
Building footprint
200 m²
Volume, LiDAR
1,336 m³
Parcel 44035A0293/00L002, Flanders · tallest building 12.1 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
LDB-V
since 20102.195.972.904
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44035A0293/00L002 | Flanders | 6,782 m² | 1 · 200 m² | 12.1 m · 2 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteAalter2.195.972.904
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Of 20,584 companies in sector 01500 we hold annual accounts for 1,149. 920 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
Founded18-11-2010
Fiscal year end30-06
Activities, NACEBEL 2025
01500Mixed farming
Contact
Phone
0475528693Aalter
E-invoicing
Reachable via Peppol
Peppol ID
0208:0831180726
Also
9925:BE0831180726
Registered
02-08-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.