LDH
ActiveSummary
LDH has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €177k and a net result of €-20k. Equity is shrinking by ~3.1% per year across the filed fiscal years. Its solvency ranks better than 95% of 4886 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability5▼-61
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 2.64 against 1.96 in 2024; short-term debt: 6.2% and cash: 0.9% of total assets), and 6.2% 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 · 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
181920232425
2018 to 2025 · latest year €-20k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 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
30 d late
2024
153 d late
2023
72 d late
2020
153 d late
2019
122 d late
2018
81 d late
2017
1 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-20k▼ 288%
2024 · €-5k
2018: €819
2019: €135▼ -83.6% vs 2018
2020: €-12k▼ -9286% vs 2019
2023: €5khighest value
2024: €-5k▼ -213% vs 2023
2025: €-20k▼ -288% vs 2024lowest value
2018 → 2025
Working capital
€19k▼ 30.7%
2024 · €28k
2018: €-23klowest value
2019: €-6k▲ +73.0% vs 2018
2020: €-5k▲ +25.2% vs 2019
2023: €-13k
2024: €28k▲ +313% vs 2023highest value
2025: €19k▼ -30.7% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202320242025Trend
Equity€230k-€218k▼ 5.4%€202k▼ 7.4%€197k▼ 2.6%€177k▼ 10.3%
2019: €230khighest value
2020: €218k▼ -5.4% vs 2019
2023: €202k
2024: €197k▼ -2.6% vs 2023
2025: €177k▼ -10.3% vs 2024lowest value
Operating result€1k-€-13k€5k€-5k€-19k▼ 247%
2019: €1k
2020: €-13k▼ -1093% vs 2019
2023: €5khighest value
2024: €-5k▼ -216% vs 2023
2025: €-19k▼ -247% vs 2024lowest value
Net result€135-€-12k€5k€-5k€-20k▼ 288%
2019: €135
2020: €-12k▼ -9286% vs 2019
2023: €5khighest value
2024: €-5k▼ -213% vs 2023
2025: €-20k▼ -288% vs 2024lowest value
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €19k in 2025 against €5k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €188k
Fixed assets
€157k ▼ 6.9%
Current assets
€31k ▼ 45.5%
Equity and liabilities €188k
Equity
€177k ▼ 10.3%
Debt
€12k ▼ 59.6%
Debt's share of the balance-sheet total falls from 12.8% to 6.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-7k▼
2024 · €6k
Cash flow
€-8k▼
2024 · €7k
Current ratio
2.64▲
2024 · 1.96
Debt to equity
0.07▼
2024 · 0.15
ROE
-11.4%▼
2024 · -2.6%
ROA
-10.7%▼
2024 · -2.3%
Interest coverage
-85.99▼
2024 · 86.24
Debt ≤ 1 year
€12k▼
2024 · €29k
Income taxes
€2k
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 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€226k€188k▼
Fixed assets21/28€169k€157k▼
Tangible fixed assets22/27€169k€157k▼
Land and buildings22€169k€157k▼
Current assets29/58€56k€31k▼
Amounts receivable within one year40/41€10k€29k▲
Trade receivables40€10k€19k▲
Other amounts receivable41€45€10k▲
Current investments50/53€46k€21▼
Cash at bank and in hand54/58€192€2k▲
Equity and liabilities
Total equity and liabilities10/49€226k€188k▼
Equity10/15€197k€177k▼
Contributions10/11€112k€112k=
Capital10€112k€112k=
Issued capital100€112k€112k=
Reserves13€119k€119k=
Non-distributable reserves130/1€8k€8k=
Legal reserve130€8k€8k=
Distributable reserves133€111k€111k=
Profit (loss) carried forward14€-34k€-54k▼
Amounts payable17/49€29k€12k▼
Amounts payable within one year42/48€29k€12k▼
Financial debts43€25k€2k▼
Other loans439€25k€2k▼
Trade debts44€1k€8k▲
Suppliers440/4€1k€8k▲
Taxes, remuneration and social security45€2k€2k▼
Taxes450/3€2k€2k▼
Income statement
Code20242025
Non-recurring operating income76A€6k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€12k=
Other operating charges640/8€4k€4k▼
Gross operating margin9900€10k€-3k▼
Operating profit (loss)9901€-5k€-19k▼
Financial income75/76B€217€49▼
Recurring financial income75€217€49▼
Financial charges65/66B€74€80▲
Recurring financial charges65€74€80▲
Profit (loss) for the period before taxes9903€-5k€-19k▼
Income taxes67/77-€2k
Profit (loss) for the period9904€-5k€-20k▼
Profit (loss) for the period to be appropriated9905€-5k€-20k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-34k€-54k▼
Profit (loss) brought forward from the previous period14P€-28k€-34k▼
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2019 | 2020 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €18k | €6k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14k | €14k | €20k | €12k | €12k | = |
| Other operating charges640/8 | - | - | €3k | €4k | €4k | ▼ 1.9% |
| Gross operating margin9900 | €18k | €5k | €28k | €10k | €-3k | ▼ 132% |
| Operating profit (loss)9901 | €1k | €-13k | €5k | €-5k | €-19k | ▼ 247% |
| Financial income75/76B | - | - | €9 | €217 | €49 | ▼ 77.2% |
| Recurring financial income75 | €16 | €0 | €9 | €217 | €49 | ▼ 77.2% |
| Financial charges65/66B | - | - | - | €74 | €80 | ▲ 8.0% |
| Recurring financial charges65 | €1k | €46 | - | €74 | €80 | ▲ 8.0% |
| Profit (loss) for the period before taxes9903 | €255 | €-13k | €5k | €-5k | €-19k | ▼ 257% |
| Income taxes67/77 | €120 | €-210 | €3 | - | €2k | - |
| Profit (loss) for the period9904 | €135 | €-12k | €5k | €-5k | €-20k | ▼ 288% |
| Profit (loss) for the period to be appropriated9905 | €135 | €-12k | €5k | €-5k | €-20k | ▼ 288% |
| Line | 2019 | 2020 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €269k | €232k | €244k | €226k | €188k | ▼ 16.6% |
| Fixed assets21/28 | €237k | €223k | €215k | €169k | €157k | ▼ 6.9% |
| Tangible fixed assets22/27 | €237k | €223k | €215k | €169k | €157k | ▼ 6.9% |
| Land and buildings22 | - | - | €181k | €169k | €157k | ▼ 6.9% |
| Furniture and vehicles24 | - | - | €34k | - | - | - |
| Current assets29/58 | €32k | €10k | €29k | €56k | €31k | ▼ 45.5% |
| Amounts receivable within one year40/41 | €20k | €9k | €3k | €10k | €29k | ▲ 180% |
| Trade receivables40 | - | - | €3k | €10k | €19k | ▲ 88.6% |
| Other amounts receivable41 | - | - | - | €45 | €10k | ▲ 21,040% |
| Current investments50/53 | €641 | €41 | €23k | €46k | €21 | ▼ 100.0% |
| Cash at bank and in hand54/58 | €11k | €929 | €3k | €192 | €2k | ▲ 742% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €269k | €232k | €244k | €226k | €188k | ▼ 16.6% |
| Equity10/15 | €230k | €218k | €202k | €197k | €177k | ▼ 10.3% |
| Contributions10/11 | €112k | €112k | €112k | €112k | €112k | = |
| Capital10 | - | - | €112k | €112k | €112k | = |
| Issued capital100 | - | - | €112k | €112k | €112k | = |
| Reserves13 | €119k | €119k | €119k | €119k | €119k | = |
| Non-distributable reserves130/1 | - | - | €8k | €8k | €8k | = |
| Legal reserve130 | - | - | €8k | €8k | €8k | = |
| Distributable reserves133 | - | - | €111k | €111k | €111k | = |
| Profit (loss) carried forward14 | - | €-12k | €-28k | €-34k | €-54k | ▼ 60.0% |
| Amounts payable17/49 | €38k | €14k | €42k | €29k | €12k | ▼ 59.6% |
| Amounts payable within one year42/48 | €38k | €14k | €42k | €29k | €12k | ▼ 59.6% |
| Financial debts43 | - | - | €32k | €25k | €2k | ▼ 91.1% |
| Other loans439 | - | - | €32k | €25k | €2k | ▼ 91.1% |
| Trade debts44 | €11k | €2k | €6k | €1k | €8k | ▲ 652% |
| Suppliers440/4 | - | - | €6k | €1k | €8k | ▲ 652% |
| Taxes, remuneration and social security45 | - | - | €3k | €2k | €2k | ▼ 25.3% |
| Taxes450/3 | - | - | €3k | €2k | €2k | ▼ 25.3% |
| Line | 2019 | 2020 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €135 | €-12k | €5k | €-5k | €-20k | ▼ 288% |
| + Depreciation and write-downs630 | €14k | €14k | €20k | €12k | €12k | = |
| Operating cash flow (approximation) | €14k | €2k | €25k | €7k | €-8k | ▼ 230% |
| Investment in fixed assets (approximation) | - | €0 | - | €34k | €0 | ▼ 100% |
| Change in cash | - | €-10k | - | €-2k | €1k | ▲ 161% |
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
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 30 days late
2025
31-12
Financial
Weakest financial yearnet €-20k
Net result drops to €-20k, the lowest in the series.
31-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 153 days late
2024
31-12
Financial
Liquidity triplescurrent ratio 1.96
Current ratio from 0.69 to 1.96; short-term debt falls from €42k to €29k.
11-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 72 days late
2023
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
2021
31-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 153 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 122 days late
2019
20-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 81 days late
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 26 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
2015
30-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 30 days late
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, Roeselare · 1 establishment unit since 1992
Ground area
4,682 m²
Building footprint
639 m²
Volume, LiDAR
2,044 m³
2 parcels, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
L.D.H. NV
since 19922.059.772.927
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36302B0887/00G000 | Flanders | 3,241 m² | 1 · 295 m² | - |
| 36302B0887/00H000 | Flanders | 1,441 m² | 1 · 344 m² | 9.3 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 620 EUR awarded · 769 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 180 EUR | 180 EUR |
| 2024 | 1 | 156 EUR | 156 EUR |
| 2023 | 1 | 0 EUR | 149 EUR |
| 2022 | 1 | 284 EUR | 284 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 165 companies in sector 46491 we hold annual accounts for 91. 69 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded19-09-1992
Fiscal year end31-12
Activities, NACEBEL 2025
46491Wholesale trade
46499Wholesale of other household goods
47789Other retail sale of new goods
Scores and ratios are computed by Checked and are not a credit decision.