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LGRI

Active
Public limited companyfounded 200323 yrs activeErnestinelaan 4, 1050 Elsene, BelgiumKBO/BCE: BE 0479.730.029
Summary

The computed 12-month bankruptcy probability of LGRI is 7.6% (elevated). For LGRI, at least two filing cycles of the annual accounts are missing. The 2021 annual accounts show negative equity (-€4.6m) and a net result of €1.3m. Equity is growing by ~32.9% per year across the filed fiscal years. The company has been active since 2003 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).

Risk analysisWatch ReportCompare
LGRIActive
Risk analysis ReportCompare

Overview

Activity
Activity not known1 site
Size
€19.0mturnover 2021
Equity
-€4.6m
Profit
€1.3m
Net result -80%: 12-month year
Financial health
Bankruptcy chance 12 m
7.6%
2021 figures too old to score
Structure
Parent
LUDENDO COMMERCE FRANCE
Holdings
3
Accounts 1164 d overdue0 of 15 deeds read
Signals- Figures for FY 2021 (filed 05-07-2022)- Ex-officio strike-off in the KBO- 3 financial years not filed after the legal deadline; 1 of the last 3 late- Two or more financial years not filed- Administrative warnings in the KBO publications+ Size: turnover €19.0m, total assets €39.0mLatest accounts filed on timeShow the evidence

Checked score

No current score
Figures too old
The available figures for FY 2021 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: At least two filing cycles are missing
Financial strength, FY 2021 · tick = 2020
Weak
Solvency 13+5
equity -11.8% of total assets
Liquidity 30-12
short-term debt 42.3% · cash 0.2%
Profitability 69-12
return on assets 3.3%
Bankruptcy probability, 12 months
7.6% Elevated
0%0.5%1.5%4%10%≥ 25%

About 8 in 100 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 11-2024: 4.5% 12-2024: 4.5%● 0.0% vs 11-2024 01-2025: 4.5%● 0.0% vs 12-2024 02-2025: 4.5%● 0.0% vs 01-2025 03-2025: 4.5%● 0.0% vs 02-2025 04-2025: 4.5%● 0.0% vs 03-2025 05-2025: 4.5%● 0.0% vs 04-2025 06-2025: 4.5%● 0.0% vs 05-2025 07-2025: 4.5%● 0.0% vs 06-2025 08-2025: 4.2%▼ -7.2% vs 07-2025lowest value 09-2025: 4.2%● 0.0% vs 08-2025lowest value 10-2025: 4.2%● 0.0% vs 09-2025lowest value 11-2025: 4.2%● 0.0% vs 10-2025lowest value 12-2025: 4.2%● 0.0% vs 11-2025lowest value 01-2026: 4.2%● 0.0% vs 12-2025lowest value 02-2026: 4.2%● 0.0% vs 01-2026lowest value 03-2026: 4.2%● 0.0% vs 02-2026lowest value 04-2026: 4.2%● 0.0% vs 03-2026lowest value 05-2026: 4.2%● 0.0% vs 04-2026lowest value 06-2026: 4.2%● 0.0% vs 05-2026lowest value 07-2026: 4.2%● 0.0% vs 06-2026lowest value 08-2026: 4.2%● 0.0% vs 07-2026lowest value 09-2026: 7.6%▲ +82.7% vs 08-2026highest value 10-2026: 7.6%● 0.0% vs 09-2026highest value
  • Figures for FY 2021 (filed 05-07-2022) raises the probability
  • Size: turnover €19.0m, total assets €39.0m lowers the probability for this profile
  • Ex-officio strike-off in the KBO raises the probability
  • 3 financial years not filed after the legal deadline; 1 of the last 3 late raises the probability
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Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Figures for FY 2021 (filed 05-07-2022)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Size: turnover €19.0m, total assets €39.0m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Ex-officio strike-off in the KBO
In the bankruptcy model this factor raises the probability.
KBO publications
raises risk · 3 financial years not filed after the legal deadline; 1 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filings
Position against the passed deadline
31-12-2022 close31-07-2023 deadline07-10-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 01-07-2022, 30 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
30 d early
2020
2 d early
2020
93 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 3 accounts on average 20 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publications
Publications
Late accounts filing
  1. Late accounts filingevent 18-08-2026
  2. Annual accounts filedfiscal year 2021 · full…
  3. Annual accounts filedfiscal year 2020 · full…

Key points

  • Risk: Accounts not fileddeadline was 31-07-2023 1164 d late View
  • Risk: Negative equityfiscal year 2021: debts exceed assets -€4.6m View
  • Controlled by LUDENDO COMMERCE FRANCEultimately: Ludendo Entreprises SAS parent View

By topic

Financials

Fiscal year
2021
Turnover
€19.0m
Profit
€1.3m
Solvency
-11.8%
Turnover▲ 22.7%
Net result
20192021
Go to Financials

Timeline

Events
13
Since
2013
  1. 28-08-2026Late accounts filing
  2. 01-07-2022Annual accounts filed
  3. 29-07-2021Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Founded
10-03-2003
Year ends
31-12
Peppol
Not found in the Peppol directory
Go to Company details

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