LDRW
ActiveSummary
The computed 12-month bankruptcy probability of LDRW is 6.4% (elevated). The annual accounts of LDRW for fiscal year 2025 show a net loss of 87% of the equity at the start of that year. The 2025 annual accounts show equity of €10,608 and a net result of -€73,370. Equity is growing by ~26.5% per year across the filed fiscal years. Its solvency ranks better than 15% of 10522 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-15
Solvency28▼-17
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
6.4%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.74 against 1.1 in 2024; short-term debt: 95.2% and cash: 1.9% of total assets), and 96.9% of the assets are financed with debt.
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Signals
Eight signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
3.1%
Return on assets
-21.5%
Age of the figures
9 mo
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 -€73,370
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 10522 sector peers (2025).
NBB · sector comparisonPosition among 10522 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 7 filingsDeviation from the deadline
2025
31 d late
2024
on the day
2023
23 d late
2022
24 d late
2021
30 d late
2020
30 d late
2019
39 d late
← 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 25 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
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. Usually files around 24 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€73,370▼ 413%
2024 · -€14,293
Working capital
-€85,449
2024 · €29,506
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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€20,606▲ 33.2%€48,118▲ 134%€17,318▼ 64.0%-€8,802-€69,682▼ 692%
Net result€15,803within the sector's middle half▲ 33.3%€35,723within the sector's middle half▲ 126%€9,589within the sector's middle half▼ 73.2%-€14,293below the sector's middle half-€73,370below the sector's middle half▼ 413%
Equity€46,760below the sector's middle half▲ 51.1%€88,682within the sector's middle half▲ 89.7%€98,271within the sector's middle half▲ 10.8%€83,978within the sector's middle half▼ 14.5%€10,608below the sector's middle half▼ 87.4%
Total assets€179,484below the sector's middle half▲ 60.2%€446,660within the sector's middle half▲ 149%€397,767below the sector's middle half▼ 10.9%€426,092below the sector's middle half▲ 7.1%€341,533below the sector's middle half▼ 19.8%
Debt€132,724▲ 63.7%€357,978▲ 170%€299,496▼ 16.3%€342,114▲ 14.2%€330,925▼ 3.3%
Working capital€17,332within the sector's middle half€67,997within the sector's middle half▲ 292%€73,635within the sector's middle half▲ 8.3%€29,506within the sector's middle half▼ 59.9%-€85,449below the sector's middle half
Solvency26.1%within the sector's middle half▼ 1.6pp19.9%within the sector's middle half▼ 6.2pp24.7%within the sector's middle half▲ 4.9pp19.7%within the sector's middle half▼ 5.0pp3.1%below the sector's middle half▼ 16.6pp
Current ratio1.13within the sector's middle half▲ 0.141.22within the sector's middle half▲ 0.091.31within the sector's middle half▲ 0.101.10within the sector's middle half▼ 0.210.74below the sector's middle half▼ 0.36
Return on assets (ROA)8.8%within the sector's middle half▼ 1.8pp8.0%within the sector's middle half▼ 0.8pp2.4%within the sector's middle half▼ 5.6pp-3.4%below the sector's middle half▼ 5.8pp-21.5%below the sector's middle half▼ 18.1pp
Staff (FTE)7.7within the sector's middle half▲ 542%7.7within the sector's middle half=5.9within the sector's middle half▼ 23.4%2.5below the sector's middle half▼ 57.6%1.1below the sector's middle half▼ 56.0%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €69,682 in 2025 against €8,802 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 €341,533
Fixed assets
€101,743 =
Current assets
€239,791 ▼ 26.1%
Equity and liabilities €341,533
Equity
€10,608 ▼ 87.4%
Debt
€330,925 ▼ 3.3%
Debt's share of the balance-sheet total rises from 80.3% to 96.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€64,486▼
2024 · -€4,231
Cash flow
-€68,174▼
2024 · -€9,721
Quick ratio
0.71▼
2024 · 0.87
Debt to equity
31.19▲
2024 · 4.07
ROE
-691.6%▼
2024 · -17.0%
Interest coverage
-17.49▼
2024 · -0.77
Debt ≤ 1 year
€325,239▲
2024 · €294,848
Debt > 1 year
€5,685▼
2024 · €47,266
Staff costs
€26,663▼
2024 · €51,664
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 646 companies that looked in July 2024 the way this one looks now, 7.3% went bankrupt within 24 months and 86% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a loss of 10% of the balance sheet or more
7.3%
went bankrupt
5.9%
stopped otherwise
86%
still going
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 6.4% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 646 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €1,097 | - | €71,815 | - | - |
| Remuneration, social security and pensions62 | €68,532 | €63,695 | €158,010 | €51,664 | €26,663 | ▼ 48.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,346 | €8,978 | €8,795 | €4,571 | €5,196 | ▲ 13.7% |
| Other operating charges640/8 | €348 | €169 | €2,975 | €7,386 | €9,383 | ▲ 27.0% |
| Gross operating margin9900 | €97,831 | €120,960 | €187,098 | €54,818 | -€28,440 | ▼ 152% |
| Operating profit (loss)9901 | €20,606 | €48,118 | €17,318 | -€8,802 | -€69,682 | ▼ 692% |
| Financial income75/76B | - | - | - | €0 | €0 | = |
| Recurring financial income75 | - | - | - | €0 | €0 | = |
| Financial charges65/66B | €157 | €2,617 | €3,301 | €5,491 | €3,688 | ▼ 32.8% |
| Recurring financial charges65 | €157 | €2,617 | €3,301 | €5,491 | €3,688 | ▼ 32.8% |
| Profit (loss) for the period before taxes9903 | €20,449 | €45,501 | €14,017 | -€14,293 | -€73,370 | ▼ 413% |
| Income taxes67/77 | €4,645 | €9,779 | €4,428 | - | - | - |
| Profit (loss) for the period9904 | €15,803 | €35,723 | €9,589 | -€14,293 | -€73,370 | ▼ 413% |
| Profit (loss) for the period to be appropriated9905 | €15,803 | €35,723 | €9,589 | -€14,293 | -€73,370 | ▼ 413% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €179,484 | €446,660 | €397,767 | €426,092 | €341,533 | ▼ 19.8% |
| Fixed assets21/28 | €29,427 | €67,669 | €89,610 | €101,739 | €101,743 | = |
| Intangible fixed assets21 | €9,525 | €4,082 | - | - | - | - |
| Tangible fixed assets22/27 | €16,903 | €15,887 | €24,797 | €40,789 | €40,793 | = |
| Furniture and vehicles24 | €5,670 | €3,647 | €3,603 | - | - | - |
| Other tangible fixed assets26 | €11,233 | €12,241 | €21,193 | €40,789 | €40,793 | = |
| Financial fixed assets28 | €3,000 | €47,700 | €64,813 | €60,950 | €60,950 | = |
| Current assets29/58 | €150,057 | €378,991 | €308,158 | €324,354 | €239,791 | ▼ 26.1% |
| Stocks and contracts in progress3 | €35,781 | €34,200 | €117,579 | €67,430 | €10,000 | ▼ 85.2% |
| Stocks30/36 | €35,781 | €34,200 | €117,579 | €67,430 | €10,000 | ▼ 85.2% |
| Amounts receivable within one year40/41 | €105,888 | €267,650 | €152,399 | €251,148 | €223,462 | ▼ 11.0% |
| Trade receivables40 | €98,444 | €255,830 | €141,998 | €178,002 | €145,854 | ▼ 18.1% |
| Other amounts receivable41 | €7,444 | €11,820 | €10,401 | €73,147 | €77,608 | ▲ 6.1% |
| Cash at bank and in hand54/58 | €8,387 | €77,141 | €38,179 | €5,775 | €6,329 | ▲ 9.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €179,484 | €446,660 | €397,767 | €426,092 | €341,533 | ▼ 19.8% |
| Equity10/15 | €46,760 | €88,682 | €98,271 | €83,978 | €10,608 | ▼ 87.4% |
| Contributions10/11 | €6,200 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €700 | €700 | €700 | €700 | €700 | = |
| Non-distributable reserves130/1 | €700 | €700 | €700 | €700 | €700 | = |
| Reserves not available under the articles1311 | €700 | €700 | €700 | €700 | €700 | = |
| Profit (loss) carried forward14 | €39,860 | €75,582 | €85,171 | €70,878 | -€2,492 | ▼ 104% |
| Amounts payable17/49 | €132,724 | €357,978 | €299,496 | €342,114 | €330,925 | ▼ 3.3% |
| Amounts payable after more than one year17 | - | €46,984 | €64,974 | €47,266 | €5,685 | ▼ 88.0% |
| Financial debts170/4 | - | €46,984 | €64,974 | €47,266 | €5,685 | ▼ 88.0% |
| Amounts payable within one year42/48 | €132,724 | €310,994 | €234,522 | €294,848 | €325,239 | ▲ 10.3% |
| Current portion of amounts payable after more than one year42 | €459 | €13,176 | €29,463 | €42,534 | €41,581 | ▼ 2.2% |
| Trade debts44 | €103,178 | €245,800 | €108,458 | €181,124 | €164,290 | ▼ 9.3% |
| Suppliers440/4 | €103,178 | €245,800 | €108,458 | €181,124 | €164,290 | ▼ 9.3% |
| Taxes, remuneration and social security45 | €28,026 | €52,018 | €42,307 | €18,078 | €11,356 | ▼ 37.2% |
| Taxes450/3 | €15,413 | €35,879 | €18,866 | €5,368 | €4,725 | ▼ 12.0% |
| Remuneration and social security454/9 | €12,613 | €16,139 | €23,441 | €12,709 | €6,631 | ▼ 47.8% |
| Other amounts payable47/48 | €1,062 | - | €54,294 | €53,112 | €108,012 | ▲ 103% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,803 | €35,723 | €9,589 | -€14,293 | -€73,370 | ▼ 413% |
| + Depreciation and write-downs630 | €8,346 | €8,978 | €8,795 | €4,571 | €5,196 | ▲ 13.7% |
| Operating cash flow (approximation) | €24,149 | €44,701 | €18,383 | -€9,721 | -€68,174 | ▼ 601% |
| Investment in fixed assets (approximation) | - | -€47,220 | -€30,735 | -€16,700 | -€5,200 | ▲ 68.9% |
| Change in cash | - | €68,754 | -€38,962 | -€32,404 | €554 | ▲ 102% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet -€73,370
Net result drops to -€73,370, the lowest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 23 days late
2023
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 24 days late
2022
31-12
Financial
Highest result since 2019net €35,723 ▲126%
Operating result €48,118, net result €35,723, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 30 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
08-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 39 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Vorst · 4 establishment units since 2018
Ground area
6,376 m²
Building footprint
1,602 m²
Volume, LiDAR
21,673 m³
4 parcels, Brussels · tallest building 28.2 m, ±9 floors. Linked by address, not a title deed.
36
companies at this address
See who is registered here
4 establishment units
LDRW
since 20182.282.079.705
LDRW
since 20222.335.951.624
LDRW
since 20232.354.344.111
LDRW
since 20232.352.780.827
4 parcels
Brussels
4
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21306D0280/00D003 | Brussels | 4,757 m² | 1 · 820 m² | 6.9 m · 2 fl. |
| 21811M1019/00D000indicative | Brussels | 1,356 m² | 1 · 553 m² | 28.2 m · 9 fl. |
| 21007A0029/00B010 | Brussels | 166 m² | 1 · 131 m² | 17.4 m · 5 fl. |
| 21004A1175/00A000 ProtectedArchitectural ensemble · MonumentGeheel van traditonele huizen en voormalige hertog van SavoyegangSource ↗ |
Brussels | 97 m² | 1 · 98 m² | 17.0 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
3 of 4 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Structure & network
Owners and holdings
1 ownerOwners 1
- Sourceaccounts ROBIWAL 202450%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 6,495 companies in sector 47716 we hold annual accounts for 2,441. 1,270 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
Founded27-11-2018
Fiscal year end31-12
Activities, NACEBEL 2025
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
55209Other holiday and short-stay accommodation
73110Advertising agencies
82990Other business support services
93299Other amusement and recreation activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0713938905
Also
9925:BE0713938905
Registered
17-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.