LH Underwear

Active

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

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. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 19% of 13,646 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 1.0% (low).

Risk analysisFollow Report Compare

LH UnderwearActiveChecked score 55/100

Risk analysis Report Compare

Activity

Agents in non-specialised wholesale trade

NACE 46190Other non-specialised retail sale NACE 47120

1 site

Size

≈ €480,000turnover 2025, estimated

Staff: 1 FTE
Equity: -€22,813
Profit: €25,970

Turnover estimated from the gross margin

Financial health

55 Fair Checked score 2025

Bankruptcy probabilitywithin 12 months: 1.0%

Structure

Jacques CRUCKEDirector

2025 accounts filed 31 days late2 of 3 deeds summarised

Why 55raises riskCapped at 59: negative equityLast filed accounts filed 31 days late; 2 of the last 3 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 better than 45% of its sector peers (NACE 46, micro)

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, 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% (26,889 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 insufficient (current ratio 0.94, compared with 0.83 in 2024, below 1; short-term debt: 103.8% and cash: 11.4% of total assets), and equity is negative.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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): better than 15% on solvency, 15% on liquidity, 61% on profitability and 88% on growth.

The bankruptcy probability was computed on 28-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.

lowers riskraises risk

Size: total assets €607,724

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Last filed accounts filed 31 days late; 2 of the last 3 late

NBB · filings

Negative equity -€22,813

NBB · annual accounts

Sector: Wholesale trade (NACE 46)

KBO

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 13646 sector peers (2025).

NBB · sector comparison

Position among 13646 sector peers

Solvency

better than 19%

← weakest strongest →

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

This company filed its last 7 accounts on average 45 days after the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)

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 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

29-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

31-08-2026 Annual accounts filedfinancial year 2025 · micro…
31-12-2025 Back to profitnet €25,970
29-08-2025 Annual accounts filedfinancial year 2024 · micro…

Key points

Risk: Negative equityfinancial year 2025: debts exceed assets -€22,813 View
Positive: Back in profit in 2025after -€28,257 in 2024 €25,970 View
Caution: Among the weakest 13% on equitysector median €56,557 · 13,676 companies -€22,813 View

By topic

Financials

Financial year: 2025
Total assets: €607,724
Profit: €25,970
Solvency: -3.8%

Total assets▲ 59.4%

Net result

20182025

Go to Financials

Board & ownership

Board: 1 member

Jacques CRUCKEDirector

Go to Board & ownership

Timeline

Events: 15
Since: 2018
Next accounts: by 31-07-2027

31-12-2024Weakest financial year
08-10-2024Annual accounts filed
26-06-2024Resignation: N.J.C. (manager)

Go to Timeline

Company details

Sites: 1

Legal form: Private limited company
Activity: Agents in non-specialised wholesale tradeNACE 46190
Founded: 23-09-2016
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 31

Who signs: Each director alone
Annual meeting: Last Friday of June at 15:00

Go to Articles of association

Key facts about LH Underwear

What is the company number of LH Underwear?: 0662.906.215. In Belgium the VAT number is the company 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?: Private limited company (BV).
When was LH Underwear 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?: On average 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of LH Underwear?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
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.
When are the next annual accounts of LH Underwear due?: By 31-07-2027, for financial year 2026.Timeline