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LH Underwear

Active
Private limited companyfounded 2016active for 10 yearsRue des Sablières(BL) 8, 7522 Tournai, BelgiumKBO/BCE: BE 0662.906.215

From the official registers: KBO 9 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

LH Underwear has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€22,813) and a net result of €25,970. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 19% of 13,716 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 1.0% (low).

Overview

Official details

KBO
Status
Active since 23-09-2016 Normal situation
Activity
Agents in non-specialised wholesale trade NACE 46190and 1 other
Establishment unit
2.259.456.434 7522 Tournai, since 23-09-2016
Financial year end
31 December
Peppol
Reachable since 15-12-2025

Board and ownership

Board

Financial position

55 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
1.0%
Annual accounts 2025
Gross margin
€90,659
▲ 158%
Turnover
≈ €420,000
estimated
Profit
€25,970
Equity
-€22,813
▲ 53.2%
Total assets
€607,724
▲ 59.4%
Staff
1 FTE
=
Filed on 31-08-2026, 31 days after the deadlineat the National Bank
Score breakdownraises riskCapped at 59: negative equityLast filed accounts filed 31 days late; 2 of the last 3 accounts lateNegative equity -€22,813Sector: Wholesale trade (NACE 46)lowers riskSize: total assets €607,724Show the evidence

Checked score

Score 2025
55 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 45% of micro companies in wholesale trade (NACE 46)
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Weak
Solvency 21+9
equity -3.8% of total assets
Liquidity 14-12
short-term debt 103.8% · cash 11.4%
Profitability 74+65
return on assets 4.3%
Bankruptcy probability within 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,900 companies, NACE 46, micro)
Last 24 months 11-2024: 3.5% 12-2024: 3.5%● unchanged vs 11-2024 01-2025: 3.5%● unchanged vs 12-2024 02-2025: 3.5%● unchanged vs 01-2025 03-2025: 3.4%▼ -0.1 percentage points vs 02-2025 04-2025: 3.8%▲ +0.4 percentage points vs 03-2025 05-2025: 4.3%▲ +0.5 percentage points vs 04-2025 06-2025: 4.1%▼ -0.2 percentage points vs 05-2025 07-2025: 4.2%▲ +0.1 percentage points vs 06-2025 08-2025: 5.0%▲ +0.8 percentage points vs 07-2025 09-2025: 5.9%▲ +0.9 percentage points vs 08-2025highest value 10-2025: 2.4%▼ -3.5 percentage points vs 09-2025 11-2025: 2.4%● unchanged vs 10-2025 12-2025: 2.4%● unchanged vs 11-2025 01-2026: 2.3%▼ -0.1 percentage points vs 12-2025 02-2026: 2.3%● unchanged vs 01-2026 03-2026: 2.2%▼ -0.1 percentage points vs 02-2026 04-2026: 2.3%▲ +0.1 percentage points vs 03-2026 05-2026: 2.6%▲ +0.3 percentage points vs 04-2026 06-2026: 2.5%▼ -0.1 percentage points vs 05-2026 07-2026: 1.2%▼ -1.3 percentage points vs 06-2026 08-2026: 1.8%▲ +0.6 percentage points vs 07-2026 09-2026: 1.0%▼ -0.8 percentage points vs 08-2026lowest value 10-2026: 1.0%● unchanged vs 09-2026lowest value
No credit on open account
Liquidity is insufficient, with a current ratio of 0.94 (0.83 in 2024), below 1. Short-term debt is 103.8% and cash 11.4% of total assets. Equity is negative.
Calculation

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, micro). It does better than 15% of them on solvency, 15% on liquidity, 61% on profitability and 88% on growth.

The bankruptcy probability was computed on 31-10-2026 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. 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).

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Signals

Six signals.
lowers riskraises risk
lowers risk · Size: total assets €607,724
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Last filed accounts filed 31 days late; 2 of the last 3 accounts late
NBB · filings
raises risk · Negative equity -€22,813
NBB · annual accounts
raises risk · Sector: Wholesale trade (NACE 46)
KBO
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 13716 sector peers (2025).
NBB · sector comparison
Position among 13716 sector peers
Solvency
better than 19%
← weakest strongest →
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 9 filings
Deviation from the deadline
2025
31 days late
2024
29 days late
2023
69 days late
2022
9 days late
2021
44 days late
2020
30 days late
2019
102 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 45 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.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Risk: Negative equitydebts exceed assets in financial year 2025 -€22,813 View
  • Positive: Back in profit in 2025after a loss of €28,257 in 2024 €25,970 View
  • Caution: Less equity than 87% of companies in wholesale tradesector median €56,539 · 13,746 companies -€22,813 View

Comparable companies

These companies have the same main activity as LH Underwear: agents in non-specialised wholesale trade (NACE 46190). They are comparable in size and age: total assets between €578,000 and €692,000, founded between 2013 and 2017.

CompanyTotal assetsGross margin
LH Underwear Tournai€607,724€90,659
INOGES Anderlecht€687,132€102,551
Salence Begijnendijk€607,968€81,032
Menza Lier€578,000€127,874
PERFECTIBILITY OF MAN Gent€692,114€64,380
Chaleur & Style Mouscron€628,572€126,393
RELAX-N-SCENTS Mons€683,364€72,660
Full comparison

Documents

Annual accounts at the NBB

All 9 annual accounts

Articles and registers

Key facts about LH Underwear

What is the company number of LH Underwear?
The company number of LH Underwear is 0662.906.215. The VAT number is the same number with BE in front: BE 0662.906.215.
Where is LH Underwear based?
The registered office is at Rue des Sablières(BL) 8, 7522 Tournai.Company details
What does LH Underwear do?
According to the KBO register, the main activity is agents in non-specialised wholesale trade (NACE 46190).
What is the legal form of LH Underwear?
The legal form of LH Underwear is Private limited company (BV).
When was LH Underwear founded?
LH Underwear was founded on 23-09-2016.
Is LH Underwear still active?
Yes, LH Underwear is an active enterprise in the KBO register.
How many employees does LH Underwear have?
LH Underwear had an average of 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of LH Underwear?
The turnover in financial year 2025 is ≈ €420,000. This figure is estimated from the gross margin of €90,659 and 30 comparable companies (NACE 461). It probably lies between €210,000 and €990,000.
Is LH Underwear profitable?
In financial year 2025, LH Underwear made a profit of €25,970.
Where can I find the annual accounts of LH Underwear?
LH Underwear filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
When are the next annual accounts of LH Underwear due?
LH Underwear must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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