LGB Diffusion
ActiveSummary
The computed 12-month bankruptcy probability of LGB Diffusion is 1.6% (moderate). The 2024 annual accounts show equity of €262k and a net result of €12k. Equity is growing by ~17.8% per year across the filed fiscal years. Its solvency ranks better than 55% of 15865 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability71▼-6
Solvency71▲+8
Growth52=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity ample (current ratio 1.73 against 1.48 in 2023; short-term debt: 53.8% and cash: 41.3% of total assets), but 53.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-06-2025, 34 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
34 d early
2023
22 d late
2022
22 d late
2021
4 d early
2020
30 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€262k▲ 4.6%
2023 · €250k
2020: €129klowest in 5 years
2021: €158k▲ +21.9% vs 2020
2022: €209k▲ +32.4% vs 2021
2023: €250k▲ +19.8% vs 2022
2024: €262k▲ +4.6% vs 2023highest in 5 years
2020 → 2024
Total assets
€566k▼ 14.7%
2023 · €663k
2020: €505klowest in 5 years
2021: €530k▲ +4.9% vs 2020
2022: €633k▲ +19.6% vs 2021
2023: €663k▲ +4.8% vs 2022highest in 5 years
2024: €566k▼ -14.7% vs 2023
2020 → 2024
Net result
€12k▼ 72.0%
2023 · €41k
2020: €79khighest in 5 years
2021: €28k▼ -64.3% vs 2020
2022: €51k▲ +80.1% vs 2021
2023: €41k▼ -18.8% vs 2022
2024: €12k▼ -72.0% vs 2023lowest in 5 years
2020 → 2024
Working capital
€221k▲ 11.4%
2023 · €198k
2020: €101klowest in 5 years
2021: €137k▲ +36.0% vs 2020
2022: €195k▲ +42.4% vs 2021
2023: €198k▲ +1.8% vs 2022
2024: €221k▲ +11.4% vs 2023highest in 5 years
2020 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€129k-€158k▲ 21.9%€209k▲ 32.4%€250k▲ 19.8%€262k▲ 4.6%
2020: €129klowest in 5 years
2021: €158k▲ +21.9% vs 2020
2022: €209k▲ +32.4% vs 2021
2023: €250k▲ +19.8% vs 2022
2024: €262k▲ +4.6% vs 2023highest in 5 years
Operating result€119k-€44k▼ 62.6%€81k▲ 81.9%€91k▲ 12.7%€36k▼ 60.2%
2020: €119khighest in 5 years
2021: €44k▼ -62.6% vs 2020
2022: €81k▲ +81.9% vs 2021
2023: €91k▲ +12.7% vs 2022
2024: €36k▼ -60.2% vs 2023lowest in 5 years
Net result€79k-€28k▼ 64.3%€51k▲ 80.1%€41k▼ 18.8%€12k▼ 72.0%
2020: €79khighest in 5 years
2021: €28k▼ -64.3% vs 2020
2022: €51k▲ +80.1% vs 2021
2023: €41k▼ -18.8% vs 2022
2024: €12k▼ -72.0% vs 2023lowest in 5 years
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 60% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €566k
Fixed assets
€41k ▼ 21.4%
Current assets
€526k ▼ 14.1%
Equity and liabilities €566k
Equity
€262k ▲ 4.6%
Debt
€305k ▼ 26.3%
Debt's share of the balance-sheet total falls from 62.3% to 53.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€47k▼
2023 · €95k
Cash flow
€23k▼
2023 · €45k
Current ratio
1.73▲
2023 · 1.48
Quick ratio
1.28▲
2023 · 1.13
Debt to equity
1.16▼
2023 · 1.65
ROE
4.4%▼
2023 · 16.6%
ROA
2.1%▼
2023 · 6.2%
Interest coverage
9.71▼
2023 · 11.50
Debt ≤ 1 year
€305k▼
2023 · €413k
Income taxes
€21k▼
2023 · €41k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 40 lines
Balance sheet
Code20232024
Assets
Total assets20/58€663k€566k▼
Fixed assets21/28€52k€41k▼
Tangible fixed assets22/27€52k€41k▼
Furniture and vehicles24€52k€41k▼
Current assets29/58€612k€526k▼
Stocks and contracts in progress3€146k€135k▼
Stocks30/36€146k€135k▼
Amounts receivable within one year40/41€135k€157k▲
Trade receivables40€130k€135k▲
Other amounts receivable41€4k€22k▲
Cash at bank and in hand54/58€331k€234k▼
Equity and liabilities
Total equity and liabilities10/49€663k€566k▼
Equity10/15€250k€262k▲
Contributions10/11€50k€50k=
Reserves13€177k€187k▲
Distributable reserves133€177k€187k▲
Profit (loss) carried forward14€23k€25k▲
Amounts payable17/49€413k€305k▼
Amounts payable within one year42/48€413k€305k▼
Trade debts44€57k€12k▼
Suppliers440/4€57k€12k▼
Taxes, remuneration and social security45€6k€1k▼
Taxes450/3€6k€1k▼
Other amounts payable47/48€351k€292k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€11k▲
Gross operating margin9900€95k€47k▼
Operating profit (loss)9901€91k€36k▼
Financial income75/76B€8€2k▲
Recurring financial income75€8€2k▲
Financial charges65/66B€8k€5k▼
Recurring financial charges65€8k€5k▼
Non-recurring financial charges66B-€50
Profit (loss) for the period before taxes9903€83k€33k▼
Income taxes67/77€41k€21k▼
Profit (loss) for the period9904€41k€12k▼
Profit (loss) for the period to be appropriated9905€41k€12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€64k€35k▼
Profit (loss) brought forward from the previous period14P€23k€23k▲
Transfer to equity691/2€41k€10k▼
To other reserves6921€41k€10k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | €8k | €7k | €4k | €11k | ▲ 200% |
| Gross operating margin9900 | €128k | €52k | €88k | €95k | €47k | ▼ 50.1% |
| Operating profit (loss)9901 | €119k | €44k | €81k | €91k | €36k | ▼ 60.2% |
| Financial income75/76B | - | €24 | €1k | €8 | €2k | ▲ 23,684% |
| Recurring financial income75 | €85 | €24 | €1k | €8 | €2k | ▲ 23,684% |
| Financial charges65/66B | - | €8k | €19k | €8k | €5k | ▼ 40.3% |
| Recurring financial charges65 | €12k | €8k | €19k | €8k | €5k | ▼ 40.9% |
| Non-recurring financial charges66B | - | - | - | - | €50 | - |
| Profit (loss) for the period before taxes9903 | €114k | €37k | €63k | €83k | €33k | ▼ 60.1% |
| Income taxes67/77 | €35k | €8k | €12k | €41k | €21k | ▼ 48.1% |
| Profit (loss) for the period9904 | €79k | €28k | €51k | €41k | €12k | ▼ 72.0% |
| Profit (loss) for the period to be appropriated9905 | €79k | €28k | €51k | €41k | €12k | ▼ 72.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €505k | €530k | €633k | €663k | €566k | ▼ 14.7% |
| Fixed assets21/28 | €29k | €21k | €14k | €52k | €41k | ▼ 21.4% |
| Tangible fixed assets22/27 | €29k | €21k | €14k | €52k | €41k | ▼ 21.4% |
| Furniture and vehicles24 | - | €21k | €14k | €52k | €41k | ▼ 21.4% |
| Current assets29/58 | €476k | €509k | €619k | €612k | €526k | ▼ 14.1% |
| Stocks and contracts in progress3 | €115k | €135k | €66k | €146k | €135k | ▼ 7.4% |
| Stocks30/36 | - | €135k | €66k | €146k | €135k | ▼ 7.4% |
| Amounts receivable within one year40/41 | €14k | €102k | €52k | €135k | €157k | ▲ 16.2% |
| Trade receivables40 | - | €69k | €52k | €130k | €135k | ▲ 3.2% |
| Other amounts receivable41 | - | €33k | - | €4k | €22k | ▲ 395% |
| Cash at bank and in hand54/58 | €348k | €272k | €501k | €331k | €234k | ▼ 29.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €505k | €530k | €633k | €663k | €566k | ▼ 14.7% |
| Equity10/15 | €129k | €158k | €209k | €250k | €262k | ▲ 4.6% |
| Contributions10/11 | - | €50k | €50k | €50k | €50k | = |
| Reserves13 | €79k | €99k | €136k | €177k | €187k | ▲ 5.7% |
| Distributable reserves133 | - | €99k | €136k | €177k | €187k | ▲ 5.7% |
| Profit (loss) carried forward14 | - | €8k | €23k | €23k | €25k | ▲ 6.9% |
| Amounts payable17/49 | €376k | €372k | €425k | €413k | €305k | ▼ 26.3% |
| Amounts payable within one year42/48 | €376k | €372k | €425k | €413k | €305k | ▼ 26.3% |
| Trade debts44 | €1k | €18k | €22k | €57k | €12k | ▼ 79.5% |
| Suppliers440/4 | - | €18k | €22k | €57k | €12k | ▼ 79.5% |
| Taxes, remuneration and social security45 | - | €3k | €17k | €6k | €1k | ▼ 82.3% |
| Taxes450/3 | - | €3k | €17k | €6k | €1k | ▼ 82.3% |
| Other amounts payable47/48 | - | €351k | €385k | €351k | €292k | ▼ 16.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €79k | €28k | €51k | €41k | €12k | ▼ 72.0% |
| + Depreciation and write-downs630 | €10k | €8k | €7k | €4k | €11k | ▲ 200% |
| Operating cash flow (approximation) | €89k | €36k | €58k | €45k | €23k | ▼ 49.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-42k | €0 | ▲ 100% |
| Change in cash | - | €-76k | €229k | €-170k | €-97k | ▲ 42.6% |
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
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €12k ▼72%
Net result drops to €12k, the lowest in the series.
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
31-12
Financial
Equity above €200kEq €209k ▲32.4%
3 profitable years in a row build equity to €209k.
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €150kEq €158k ▲21.9%
2 profitable years in a row build equity to €158k.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Celles (lez-Tournai) · 1 establishment unit since 2019
Ground area
1,521 m²
Building footprint
202 m²
Volume, LiDAR
881 m³
Parcel 57018C0090/00S000, Wallonia · tallest building 6.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
LGB Diffusion
since 20192.294.370.989
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57018C0090/00S000 | Wallonia | 1,521 m² | 1 · 202 m² | 6.2 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 6,155 companies in sector 46190 we hold annual accounts for 2,571. 1,787 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
Founded26-07-2019
Fiscal year end31-12
Activities, NACEBEL 2025
46190Agents in non-specialised wholesale trade
86951Physiotherapy
Contact
Website
www.lgbdiffusion.com
E-mail
contact@lgbdiffusion.com
Scores and ratios are computed by Checked and are not a credit decision.