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LDV/United

Active
Public limited companyfounded 1957active for 68 yearsRijnkaai 100, 2000 Antwerpen, Belgium25 active companies are registered at this addressKBO/BCE: BE 0403.495.353
Summary

The annual accounts of LDV/United for financial year 2025 show a net loss of 59% of the equity at the start of that year. The 2025 annual accounts show equity of €1.1m and a net result of -€745,425. Equity is shrinking by about 15% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2027. Its solvency ranks better than 50% of 827 sector peers (NACE 73, financial year 2025). The company has been active since 1957 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (very low).

Overview

Activity
Advertising agencies
NACE 73110
Oldest company in the province of Antwerp, Advertising and market research sector1 site
Size
€5.9mturnover 2025
Staff
22.7 FTE
Equity
€1.1m
Loss
-€745,425
Financial health
54 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
0.3%
Structure
Parent
WPP Luxembourg Holdings Three SARL · 99.99%
Accounts 31 days early3 of 20 deeds read
Why 54raises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearLoss of €745,425, the second in a row (financial year 2025)Size: turnover €5.9m, 22.7 FTE, total assets €2.4mlowers riskLiquidity: current ratio 1.62, cash €484,903Founded in 1957Show the evidence

Checked score

Score 2025
54 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 27% of its sector peers (NACE 73, small)
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 69+6
equity 44.1% of total assets
Liquidity 46+26
short-term debt 55.9% · cash 20.1%
Profitability 0=
return on assets -30.9%
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (717 companies, NACE 73, small)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025lowest value 03-2025: 0.2%● unchanged vs 02-2025lowest value 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.3%▲ +0.1 percentage points vs 06-2025 08-2025: 1.2%▲ +0.9 percentage points vs 07-2025 09-2025: 1.2%● unchanged vs 08-2025 10-2025: 1.2%● unchanged vs 09-2025 11-2025: 1.2%● unchanged vs 10-2025 12-2025: 1.2%● unchanged vs 11-2025 01-2026: 1.2%● unchanged vs 12-2025 02-2026: 1.1%▼ -0.1 percentage points vs 01-2026 03-2026: 1.1%● unchanged vs 02-2026 04-2026: 1.1%● unchanged vs 03-2026 05-2026: 1.2%▲ +0.1 percentage points vs 04-2026 06-2026: 1.2%● unchanged vs 05-2026highest value 07-2026: 0.3%▼ -0.9 percentage points vs 06-2026 08-2026: 0.3%● unchanged vs 07-2026 09-2026: 0.3%● unchanged vs 08-2026 10-2026: 0.3%● unchanged vs 09-2026
Credit of up to €55,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 1.62, compared with 1.43 in 2024, above the usual 1.5; short-term debt: 55.9% and cash: 20.1% of total assets), but 55.9% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 73, small): better than 49% on solvency, 40% on liquidity, 2% on profitability and 19% on growth.

The bankruptcy probability was computed on 14-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
raises risk · Loss of €745,425, the second in a row (financial year 2025)
NBB · annual accounts
lowers risk · Liquidity: current ratio 1.62, cash €484,903
NBB · annual accounts
raises risk · Size: turnover €5.9m, 22.7 FTE, total assets €2.4m
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Founded in 1957
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
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 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€745,425
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
31 days early
2024
28 days early
2023
on the day
2022
33 days early
2021
16 days early
2020
17 days early
2019
215 days 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 13 days after the deadline; the sector median (NACE 73) for financial year 2024 is 6 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 3 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
15-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Resignation: PwC Bedrijfsrevisoren BV (statutory auditor)Power of attorney
  3. Resignations: Dominic Grainger, Shahid Sadiq and…Appointments: Harry Demey (director) and…

Key points

  • Risk: 3 loss-making years in a rowloss financial year 2025 -€745,425 View
  • Caution: Among the weakest 5% on net resultsector median €34,792 · 828 companies -€745,425 View
  • Controlled by WPP Luxembourg Holdings Three…known shareholders 100% 99.99% View
  • Active since 1957founded 30-12-1957 68 years View
  • Positive: Filed on time since financial year 2020accounts within the deadline every year 6 years View

By topic

Financials

Financial year
2025
Turnover
€5.9m
Loss
-€745,425
Solvency
44.1%
Turnover▼ 12.9%
Net result
20182025
Go to Financials

Board & ownership

Board
1 member
Parent
WPP Luxembourg Holdings Three… · 99.99%
Known shareholders
100%
  • Dennis VandewalleDirector
Go to Board & ownership

Timeline

Events
53
Since
1979
Next accounts
by 31-07-2027
  1. 19-08-2025Capital & shares · Amendment of the…
  2. 03-07-2025Annual accounts filed
  3. 31-12-2024Weakest financial year
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Advertising agenciesNACE 73110
Founded
30-12-1957
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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