LDR
ActiveSummary
LDR has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-52k) and a net result of €-33k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 15% of 11389 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability6▼-23
Solvency9▼-11
Growth32=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.75 against 0.85 in 2024; short-term debt: 116.3% and cash: 0.7% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-16.3%
Return on assets
-10.3%
Age of the figures
18 mo
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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
18192022232425
2018 to 2025 · latest year €-52k
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 29-10-2025, 2 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
2 d early
2024
1 d early
2023
30 d late
2022
32 d early
2020
59 d early
2019
1 d early
2018
22 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 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€-52k▼ 173%
2024 · €-19k
Total assets
€320k▼ 21.1%
2024 · €406k
Net result
€-33k▼ 809%
2024 · €-4k
Working capital
€-91k▼ 39.7%
2024 · €-65k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202022202320242025
Operating result€38k€49k-€-73k€4k€-25k
Net result€35k€33k-€-77k€-4k▲ 95.3%€-33k▼ 809%
Equity€29k€62k-€-15k€-19k▼ 23.5%€-52k▼ 173%
Total assets€268k▲ 42.7%€434k-€404k▼ 7.0%€406k▲ 0.6%€320k▼ 21.1%
Debt€239k▲ 23.5%€373k-€419k▲ 12.5%€425k▲ 1.4%€373k▼ 12.4%
Working capital€-16k▲ 70.6%€22k-€-49k€-65k▼ 33.4%€-91k▼ 39.7%
Staff (FTE)0.21.9-2.2▲ 15.8%2.4▲ 9.1%3.6▲ 50.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €25k after €4k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €320k
Fixed assets
€39k ▼ 15.5%
Current assets
€281k ▼ 21.9%
Key figures and ratios
EBITDA
€-15k▼
2024 · €12k
Cash flow
€-24k▼
2024 · €4k
Solvency
-16.3%▼
2024 · -4.7%
Current ratio
0.75▼
2024 · 0.85
Quick ratio
0.03▲
2024 · 0.03
Debt to equity
-7.13▲
2024 · -22.22
ROA
-10.3%▼
2024 · -0.9%
Interest coverage
-1.79▼
2024 · 1.37
Debt ≤ 1 year
€373k▼
2024 · €425k
Income taxes
€148▼
2024 · €155
Staff costs
€118k▲
2024 · €71k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €74k | €66k | €71k | €118k | ▲ 65.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €11k | €11k | €8k | €9k | ▲ 23.3% |
| Other operating charges640/8 | - | €2k | €3k | €3k | - | - |
| Gross operating margin9900 | €53k | €136k | €7k | €86k | €103k | ▲ 19.3% |
| Operating profit (loss)9901 | €38k | €49k | €-73k | €4k | €-25k | ▼ 728% |
| Financial income75/76B | - | €2k | €1k | €1k | €183 | ▼ 82.3% |
| Recurring financial income75 | €347 | €2k | €1k | €1k | €183 | ▼ 82.3% |
| Financial charges65/66B | - | €1k | €6k | €8k | €8k | ▲ 0.5% |
| Recurring financial charges65 | €404 | €1k | €6k | €8k | €8k | ▲ 0.5% |
| Profit (loss) for the period before taxes9903 | €38k | €50k | €-77k | €-3k | €-33k | ▼ 845% |
| Income taxes67/77 | €3k | €17k | €18 | €155 | €148 | ▼ 4.5% |
| Profit (loss) for the period9904 | €35k | €33k | €-77k | €-4k | €-33k | ▼ 809% |
| Profit (loss) for the period to be appropriated9905 | €35k | €33k | €-77k | €-4k | €-33k | ▼ 809% |
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €268k | €434k | €404k | €406k | €320k | ▼ 21.1% |
| Fixed assets21/28 | €45k | €40k | €34k | €46k | €39k | ▼ 15.5% |
| Intangible fixed assets21 | €7k | €4k | €2k | - | - | - |
| Tangible fixed assets22/27 | €38k | €36k | €32k | €46k | €39k | ▼ 15.5% |
| Land and buildings22 | - | - | - | €3k | €2k | ▼ 22.0% |
| Plant, machinery and equipment23 | - | €34k | €2k | €3k | €2k | ▼ 11.4% |
| Furniture and vehicles24 | - | €3k | €3k | €4k | €4k | ▲ 10.7% |
| Other tangible fixed assets26 | - | - | €28k | €37k | €30k | ▼ 17.9% |
| Current assets29/58 | €223k | €394k | €370k | €360k | €281k | ▼ 21.9% |
| Stocks and contracts in progress3 | €188k | €377k | €334k | €349k | €270k | ▼ 22.8% |
| Stocks30/36 | - | €377k | €334k | €349k | €270k | ▼ 22.8% |
| Amounts receivable within one year40/41 | €9k | €8k | €1k | €2k | €2k | ▲ 2.7% |
| Trade receivables40 | - | €8k | - | €15 | €2k | ▲ 10,453% |
| Other amounts receivable41 | - | €640 | €1k | €2k | €904 | ▼ 62.0% |
| Cash at bank and in hand54/58 | €25k | €6k | €29k | €5k | €2k | ▼ 56.4% |
| Deferred charges and accrued income490/1 | - | €4k | €6k | €3k | €7k | ▲ 145% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €268k | €434k | €404k | €406k | €320k | ▼ 21.1% |
| Equity10/15 | €29k | €62k | €-15k | €-19k | €-52k | ▼ 173% |
| Contributions10/11 | - | €20k | €20k | €20k | €20k | = |
| Reserves13 | - | €33k | €33k | €33k | €33k | = |
| Distributable reserves133 | - | €33k | €33k | €33k | €33k | = |
| Profit (loss) carried forward14 | €9k | €9k | €-68k | €-72k | €-105k | ▼ 46.1% |
| Amounts payable17/49 | €239k | €373k | €419k | €425k | €373k | ▼ 12.4% |
| Amounts payable within one year42/48 | €239k | €372k | €419k | €425k | €373k | ▼ 12.4% |
| Financial debts43 | - | - | €22k | €22k | €45 | ▼ 99.8% |
| Credit institutions430/8 | - | - | €22k | €22k | €45 | ▼ 99.8% |
| Trade debts44 | €20k | €34k | €32k | €32k | €40k | ▲ 24.6% |
| Suppliers440/4 | - | €34k | €32k | €32k | €40k | ▲ 24.6% |
| Advances received on contracts in progress46 | - | - | €16k | - | - | - |
| Taxes, remuneration and social security45 | - | €49k | €40k | €34k | €44k | ▲ 31.3% |
| Taxes450/3 | - | €36k | €28k | €31k | €30k | ▼ 0.7% |
| Remuneration and social security454/9 | - | €13k | €12k | €3k | €14k | ▲ 342% |
| Other amounts payable47/48 | - | €289k | €309k | €337k | €288k | ▼ 14.6% |
| Accrued charges and deferred income492/3 | - | €400 | - | - | - | - |
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €35k | €33k | €-77k | €-4k | €-33k | ▼ 809% |
| + Depreciation and write-downs630 | €8k | €11k | €11k | €8k | €9k | ▲ 23.3% |
| Operating cash flow (approximation) | €43k | €44k | €-66k | €4k | €-24k | ▼ 689% |
| Investment in fixed assets (approximation) | - | - | €-4k | €-20k | €-2k | ▲ 88.8% |
| Change in cash | - | - | €23k | €-23k | €-3k | ▲ 86.8% |
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
29-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
30-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
31-03
Financial
Weakest financial yearnet €-77k
Net result drops to €-77k, the lowest in the series; recovery starts the following year.
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
02-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €35k
Net result €35k after 2 loss-making years.
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Gent · 1 establishment unit since 2016
Ground area
1,364 m²
Building footprint
709 m²
Volume, LiDAR
7,672 m³
Parcel 44808H0660/00Y000, Flanders · tallest building 14.8 m, ±4 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Mamazoet
since 20162.258.832.664
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44808H0660/00Y000 | Flanders | 1,364 m² | 1 · 708 m² | 14.8 m · 4 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 6,000 EUR awarded · 6,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,000 EUR | 2,000 EUR |
| 2024 | 1 | 2,000 EUR | 2,000 EUR |
| 2022 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
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Of 94 companies in sector 46424 we hold annual accounts for 44. 30 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
Founded18-11-2016
Fiscal year end31-03
Activities, NACEBEL 2025
46424Wholesale trade
47554Retail trade
47120Other non-specialised retail sale
47640Retail sale of games and toys
47713Retail trade
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
Scores and ratios are computed by Checked and are not a credit decision.