LF 28
ActiveSummary
The computed 12-month bankruptcy probability of LF 28 is 1.6% (moderate). The 2024 annual accounts show negative equity (-€3,199) and a net result of €21,850. Equity is growing by ~7.5% per year across the filed fiscal years. Its solvency ranks better than 14% of 1308 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+2
Solvency21▲+20
Growth78=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.89 against 0.76 in 2023; short-term debt: 104% and cash: 0.4% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 52
Relative position
BE, all sectors
reference
Warehousing and support activities for transportation (NACE 52)
about 72% 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 2024Solvency, return and age of the figures
Solvency
-4%
Return on assets
27.1%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 1308 sector peers (2024).
NBB · sector comparisonPosition among 1308 sector peers
Solvency
better than 14%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-01-2026, 166 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
166 d late
2023
29 d late
2022
30 d late
2021
23 d late
2020
30 d late
2019
70 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 58 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€3,199▲ 87.2%
2023 · -€25,049
Total assets
€80,538▼ 22.3%
2023 · €103,587
Net result
€21,850▼ 10.5%
2023 · €24,411
Working capital
-€9,596▲ 67.4%
2023 · -€29,466
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€3,417▲ 36.9%€5,676€12,117▲ 113%€60,188▲ 397%€33,000▼ 45.2%
Net result-€7,764below the sector's middle half▲ 32.2%-€376within the sector's middle half▲ 95.2%€3,339within the sector's middle half€24,411within the sector's middle half▲ 631%€21,850within the sector's middle half▼ 10.5%
Equity-€52,423below the sector's middle half▼ 17.4%-€52,799below the sector's middle half▼ 0.7%-€49,460below the sector's middle half▲ 6.3%-€25,049below the sector's middle half▲ 49.4%-€3,199below the sector's middle half▲ 87.2%
Total assets€96,511within the sector's middle half▼ 23.9%€122,287within the sector's middle half▲ 26.7%€141,490within the sector's middle half▲ 15.7%€103,587within the sector's middle half▼ 26.8%€80,538within the sector's middle half▼ 22.3%
Debt€148,934▼ 13.1%€175,086▲ 17.6%€190,950▲ 9.1%€128,636▼ 32.6%€83,737▼ 34.9%
Working capital-€64,712below the sector's middle half▲ 1.7%-€28,064below the sector's middle half▲ 56.6%-€47,483below the sector's middle half▼ 69.2%-€29,466below the sector's middle half▲ 37.9%-€9,596within the sector's middle half▲ 67.4%
Solvency-54.3%below the sector's middle half▼ 19.1pp-43.2%below the sector's middle half▲ 11.1pp-35.0%below the sector's middle half▲ 8.2pp-24.2%below the sector's middle half▲ 10.8pp-4.0%below the sector's middle half▲ 20.2pp
Current ratio0.35below the sector's middle half▼ 0.060.81below the sector's middle half▲ 0.460.73below the sector's middle half▼ 0.070.76below the sector's middle half▲ 0.030.89within the sector's middle half▲ 0.12
Return on assets (ROA)-8.0%below the sector's middle half▲ 1.0pp-0.3%within the sector's middle half▲ 7.7pp2.4%within the sector's middle half▲ 2.7pp23.6%above the sector's middle half▲ 21.2pp27.1%above the sector's middle half▲ 3.6pp
Staff (FTE)3.2above the sector's middle half▲ 18.5%12▲ 275%20▲ 66.7%10▼ 50.0%
above
within
below
the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 45% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €80,538
Fixed assets
€6,397 ▼ 36.2%
Current assets
€74,141 ▼ 20.8%
Key figures and ratios
EBITDA
€33,153▼
2023 · €62,752
Cash flow
€22,003▼
2023 · €26,975
Quick ratio
0.41▼
2023 · 0.76
Debt to equity
-26.18▼
2023 · -5.14
Interest coverage
12.51▲
2023 · 8.68
Debt ≤ 1 year
€83,737▼
2023 · €123,022
Income taxes
€8,500
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,180 companies that looked in July 2024 the way this one looks now, 4.8% went bankrupt within 24 months and 89% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a profit of 5% of the balance sheet or more
4.8%
went bankrupt
5.8%
stopped otherwise
89%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.6% 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 2,180 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €84 | - | - | €3,547 | - |
| Remuneration, social security and pensions62 | - | €109,756 | €185,569 | €263,339 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,078 | €1,433 | €1,832 | €2,564 | €153 | ▼ 94.0% |
| Other operating charges640/8 | - | €4,892 | €6,257 | €1,708 | €717 | ▼ 58.0% |
| Non-recurring operating charges66A | - | - | - | - | €216 | - |
| Gross operating margin9900 | €109,128 | €121,757 | €205,775 | €327,799 | €34,086 | ▼ 89.6% |
| Operating profit (loss)9901 | -€3,417 | €5,676 | €12,117 | €60,188 | €33,000 | ▼ 45.2% |
| Financial income75/76B | - | €28 | €16 | €92 | - | - |
| Recurring financial income75 | - | €28 | €16 | €92 | - | - |
| Financial charges65/66B | - | €6,080 | €8,794 | €35,869 | €2,650 | ▼ 92.6% |
| Recurring financial charges65 | €4,347 | €6,080 | €8,794 | €7,226 | €2,650 | ▼ 63.3% |
| Non-recurring financial charges66B | - | - | - | €28,643 | - | - |
| Profit (loss) for the period before taxes9903 | -€7,764 | -€376 | €3,339 | €24,411 | €30,350 | ▲ 24.3% |
| Income taxes67/77 | - | - | - | - | €8,500 | - |
| Profit (loss) for the period9904 | -€7,764 | -€376 | €3,339 | €24,411 | €21,850 | ▼ 10.5% |
| Profit (loss) for the period to be appropriated9905 | -€7,764 | -€376 | €3,339 | €24,411 | €21,850 | ▼ 10.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €96,511 | €122,287 | €141,490 | €103,587 | €80,538 | ▼ 22.3% |
| Fixed assets21/28 | €62,028 | €6,050 | €10,655 | €10,031 | €6,397 | ▼ 36.2% |
| Tangible fixed assets22/27 | €62,028 | €5,000 | €9,605 | €8,981 | €5,347 | ▼ 40.5% |
| Plant, machinery and equipment23 | - | - | €4,311 | €3,648 | - | - |
| Furniture and vehicles24 | - | €5,000 | €5,294 | €5,333 | €5,347 | ▲ 0.3% |
| Financial fixed assets28 | - | €1,050 | €1,050 | €1,050 | €1,050 | = |
| Current assets29/58 | €34,483 | €116,237 | €130,835 | €93,556 | €74,141 | ▼ 20.8% |
| Stocks and contracts in progress3 | €2,291 | €3,022 | €5,447 | - | €39,805 | - |
| Stocks30/36 | - | €3,022 | €5,447 | - | €39,805 | - |
| Amounts receivable within one year40/41 | €16,136 | €3,036 | €19,897 | €43,647 | €33,990 | ▼ 22.1% |
| Trade receivables40 | - | - | €968 | - | €11,494 | - |
| Other amounts receivable41 | - | €3,036 | €18,929 | €43,647 | €22,496 | ▼ 48.5% |
| Cash at bank and in hand54/58 | €10,945 | €101,121 | €100,075 | €49,766 | €346 | ▼ 99.3% |
| Deferred charges and accrued income490/1 | - | €9,058 | €5,416 | €143 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €96,511 | €122,287 | €141,490 | €103,587 | €80,538 | ▼ 22.3% |
| Equity10/15 | -€52,423 | -€52,799 | -€49,460 | -€25,049 | -€3,199 | ▲ 87.2% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | -€58,623 | -€58,999 | -€55,660 | -€31,249 | -€9,399 | ▲ 69.9% |
| Amounts payable17/49 | €148,934 | €175,086 | €190,950 | €128,636 | €83,737 | ▼ 34.9% |
| Amounts payable after more than one year17 | €49,739 | €30,485 | €11,231 | - | - | - |
| Financial debts170/4 | - | €30,485 | €11,231 | - | - | - |
| Amounts payable within one year42/48 | €99,195 | €144,301 | €178,318 | €123,022 | €83,737 | ▼ 31.9% |
| Current portion of amounts payable after more than one year42 | - | €19,254 | €19,254 | - | - | - |
| Financial debts43 | - | - | - | - | €31,222 | - |
| Other loans439 | - | - | - | - | €31,222 | - |
| Trade debts44 | €61,006 | €65,636 | €102,452 | €53,969 | €32,179 | ▼ 40.4% |
| Suppliers440/4 | - | €65,636 | €102,452 | €53,969 | €32,179 | ▼ 40.4% |
| Taxes, remuneration and social security45 | - | €54,254 | €50,493 | €66,514 | €20,336 | ▼ 69.4% |
| Taxes450/3 | - | €22,163 | €14,864 | €23,574 | €20,336 | ▼ 13.7% |
| Remuneration and social security454/9 | - | €32,091 | €35,629 | €42,940 | - | - |
| Other amounts payable47/48 | - | €5,157 | €6,119 | €2,539 | - | - |
| Accrued charges and deferred income492/3 | - | €300 | €1,401 | €5,614 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,764 | -€376 | €3,339 | €24,411 | €21,850 | ▼ 10.5% |
| + Depreciation and write-downs630 | €21,078 | €1,433 | €1,832 | €2,564 | €153 | ▼ 94.0% |
| Operating cash flow (approximation) | €13,314 | €1,057 | €5,171 | €26,975 | €22,003 | ▼ 18.4% |
| Investment in fixed assets (approximation) | - | €54,545 | -€6,437 | -€1,940 | €3,481 | ▲ 279% |
| Change in cash | - | €90,176 | -€1,046 | -€50,309 | -€49,420 | ▲ 1.8% |
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
2026
19-08
State Gazette act
Registered officeRegistered-office move · Director in office3 facts ▸
State Gazette act
Registered office
Registered-office move · Director in office3 facts ▸
- General meeting, 01-08-2026
- Registered-office move, Chaussée de Redemont 128/130 à 7100 La Louvière
- Director in office, Condé Moussa (director)
13-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 166 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Highest result since 2018net €24,411 ▲631%
Operating result €60,188, net result €24,411, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Back to profitnet €3,339
Net result €3,339 after 4 loss-making years.
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
09-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 70 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 14 acts read
About the unread acts
Of the 14 Belgian State Gazette acts we know for this company, 1 has been read. The other 13 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
14 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, La Louvière · 1 establishment unit since 2018
Ground area
4.2 ha
Building footprint
1.7 ha
Volume, LiDAR
114,902 m³
2 parcels, Wallonia · tallest building 11.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
LF 28
since 20182.271.044.469
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53041B0729/00Z003 | Wallonia | 4.2 ha | 1 · 1.7 ha | 10.7 m · 2 fl. |
| 55015A0164/00X036 | Wallonia | 408 m² | 1 · 75 m² | 11.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Parcel delivery
Notified to the BIPT
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 1,725 companies in sector 52210 we hold annual accounts for 774. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded13-12-2017
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
52210Service activities incidental to land transportation
43120Site preparation
43240Other construction installation
43910Bricklaying and masonry work
47811Retail sale of cars and light vans (up to 3.5 tonnes)
47820Retail sale of motor vehicle parts and accessories
53100Postal and courier activities
81210General cleaning of buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0685903826
Also
9925:BE0685903826
Registered
12-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.