Equity
LEVICO paid out €229,182 in dividends. That is 187% of the 2025 profit.
LEVICO paid out €229,182 in dividends. That is 187% of the 2025 profit.
The result fell in 2025: the 2024 profit included a one-off income of €3.9m.
The accounts state no turnover.
Short-term debts fell from €1.1m to €621,455.
Nine of the last ten came late. The 2019 accounts came latest: 61 days after the end of the period.
Higher net result than 95% of companies in wholesale trade. Sector median €5,616 · 13,806 companies.
The dashed line is the sector median: 0.2% across 4,374 companies (NACE 46, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 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 46, small). It does better than 92% of them on solvency, 69% on liquidity, 53% on profitability and 27% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Liquidity is ample, with a current ratio of 2.73 (2.08 in 2024), above the usual 1.5. Short-term debt is 10.3% and cash 2.3% of total assets. 15.2% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 34 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| LEVICO Laarne | €6.0m | €244,025 | 84.8% | - |
| LA GALLERIA Ghent | €5.0m | €300,990 | 66.6% | 2 |
| KARPAT Kapellen | €4.0m | €332,452 | 32.5% | - |
| K-I CHEMICAL EUROPE SA/NV Brussels | €4.2m | €389,824 | 56.9% | 1 |
| GIPIMOTOR Evere | €3.5m | €249,225 | 22.6% | 3.1 |
| DESMET & ENGELS Kortrijk | €3.4m | €253,292 | 34.4% | 1.6 |
| LOOCA Temse | €3.9m | €432,437 | 66.2% | - |
These companies have the same main activity as LEVICO: agents specialised in the wholesale of other particular products (NACE 46180). They are comparable in size and age: total assets between €3.4m and €5m, founded between 1998 and 2007.
LEVICO files the micro format. That format states no turnover. The gross margin rose from €99,874 in 2007 to €244,025 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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