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"LDz Compagnie franco-belge de distribution" en abrégé "LDz" en français et "LDz frans-belgische detailhandel maatschappij" en abrégé "LDz" en néerlandais

Active
Public limited companyfounded 1907119 years activeChaussée de Nivelles 167, 7181 Seneffe, BelgiumKBO/BCE: BE 0401.641.663
Summary

"LDz Compagnie franco-belge de distribution" en abrégé "LDz" en français et "LDz frans-belgische detailhandel maatschappij" en abrégé "LDz" en néerlandais has been active since 1907 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €372.2m and a net result of -€181.4m. Equity is shrinking by ~12.9% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 79% of 1,150 sector peers (NACE 82, fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

"LDz Compagnie franco-belge de distribution" en abrégé "LDz" en français et "LDz frans-belgische detailhandel maatschappij" en abrégé "LDz" en néerlandaisActiveChecked score 69/100

Overview

Activity
Other business support services
NACE 82990Activities of holding companies NACE 64210
#1 company by equity in Hainaut, Administrative and support services sector1 site
Size
€2.4mturnover 2025
Staff
5.4 FTE
Equity
€372.2m
Loss
-€181.4m
Standalone figures, without subsidiaries
Financial health
69 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.6%
Structure
Holdings
13
Auditor: PwC Réviseurs d'Entreprises SRLAccounts 99 days early3 of 62 deeds read
Why 69- Loss of €181.4m, the second in a row (FY 2025)- 1 change of registered office in 24 months+ Size: turnover €2.4m, 5.4 FTE, total assets €464.8m, files consolidated accounts+ Founded in 1907Show the evidence

Checked score

Score 2025
69 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 37% of its sector peers (NACE 82, micro)
Financial strength · tick = 2024
Average
Solvency 100=
equity 80.1% of total assets
Liquidity 56-9
short-term debt 13.1% · cash 6.0%
Profitability 0=
return on assets -39.0%
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%

About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (12,604 companies)
Last 24 months 06-2026: 0.6%highest value 07-2026: 0.6%● unchanged vs 06-2026highest value 08-2026: 0.6%● unchanged vs 07-2026highest value 09-2026: 0.6%● unchanged vs 08-2026highest value 10-2026: 0.6%● unchanged vs 09-2026highest value
Credit up to €230,000 at 30 days acceptable
Liquidity ample (current ratio 6.47 against 4.34 in 2024; short-term debt: 13.1% and cash: 6% of total assets), and 19.9% of the assets are financed with debt.
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 82, micro): better than 88% on solvency, 49% on liquidity, 5% on profitability and 8% on growth.

The bankruptcy probability was computed on 07-10-2026 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 risk+raises risk○neutral
raises risk · Loss of €181.4m, the second in a row (FY 2025)
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian State Gazette
lowers risk · Size: turnover €2.4m, 5.4 FTE, total assets €464.8m, files consolidated accounts
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
lowers risk · Founded in 1907
How long the company has existed counts in the probability; how much 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 -€181.4m
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 23-04-2026, 99 days ahead of the deadline.
NBB · 5 filings
Deviation from the deadline
2025
99 days early
2024
48 days late
2023
35 days early
2022
47 days early
2021
52 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 37 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% 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 14 June (4 of the last 5 filed years within 52 days of that day).
Companies Code · seven months
Position in the running window
08-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Capital & sharesCapital decrease · Power of…
  2. Annual accounts filedfiscal year 2025 · full…
  3. Permanent representatives: Pierre BOURIEZ, Romain SEFFER…Reappointments: PwC Réviseurs d'Entreprises SRL…

Key points

  • Risk: 3 loss-making years in a rowloss fiscal year 2025 -€181.4m View
  • Caution: Turnover fell in 2025from €13.5m to €2.4m ▼ 82.3% View
  • Caution: Among the weakest 5% on net resultsector median €47,986 · 1,151 companies -€181.4m View
  • Caution: Board changedlatest change 31-03-2026 · 1 in office 2 joined · 1 left View
  • Heads a groupcompanies controlled 23 View
  • Active since 1907founded 01-10-1907 119 years View

By topic

Financials

Fiscal year
2025
Turnover
€2.4m
Loss
-€181.4m
Solvency
80.1%
Turnover▼ 82.3%
Net result
20182025
Go to Financials

Board & ownership

Board
1 member
Auditor
PwC Réviseurs d'Entreprises SRL
  • Adriano SEGANTINIDirector
Go to Board & ownership

Timeline

Events
17
Since
2022
Next accounts
by 31-07-2027
  1. 23-04-2026Annual accounts filed
  2. 25-11-2025Registered office
  3. 30-09-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Other business support servicesNACE 82990
Founded
01-10-1907
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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