LIBB-RECHT
ActiveThe computed 12-month bankruptcy probability of LIBB-RECHT is 3.9% (moderate). The 2024 annual accounts show equity of €78k and a net result of €-8k. Equity is growing by ~18.6% per year across the filed fiscal years. Its solvency ranks better than 53% of 6717 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
51
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability63▼-12
Solvency66▲+2
Growth52=
Track record94
Bankruptcy probability, 12 months
3.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity tight (current ratio 1.16 against 1.24 in 2023; short-term debt: 19.9% and cash: 2.1% of total assets), and 59.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Sector 49
higher
← fewer bankruptcies
more bankruptcies →
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 · 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
40.5%
Return on assets
-4.2%
Age of the figures
21 mo
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 14-07-2025, 17 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
17 d early
2023
16 d early
2022
6 d early
2021
78 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€78k▼ 9.5%
2023 · €86k
2021: €28k
2022: €74k
2023: €86k
2021 → 2024
Total assets
€191k▼ 12.2%
2023 · €218k
2021: €52k
2022: €230k
2023: €218k
2021 → 2024
Net result
€-8k
2023 · €12k
2021: €23k
2022: €46k
2023: €12k
2021 → 2024
Working capital
€6k▼ 51.0%
2023 · €12k
2021: €24k
2022: €-9k
2023: €12k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€28k-€74k▲ 168%€86k▲ 15.7%€78k▼ 9.5%
Operating result€29k-€49k▲ 71.7%€21k▼ 57.8%€-2k
Net result€23k-€46k▲ 105%€12k▼ 75.0%€-8k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €2k after €21k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €191k
Fixed assets
€147k▼ 4.6%
Current assets
€44k▼ 30.7%
Equity and liabilities €191k
Equity
€78k▼ 9.5%
Debt
€114k▼ 14.0%
The debt ratio falls from 60.7% to 59.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€40k▼
2023 · €61k
Cash flow
€34k▼
2023 · €52k
Solvency
40.5%▲
2023 · 39.3%
Current ratio
1.16▼
2023 · 1.24
Quick ratio
1.16▼
2023 · 1.24
Debt / equity
1.47▼
2023 · 1.54
ROE
-10.5%▼
2023 · 13.6%
ROA
-4.2%▼
2023 · 5.3%
Interest coverage
6.98▼
2023 · 9.97
Debt
€114k▼
2023 · €132k
Debt ≤ 1 year
€38k▼
2023 · €51k
Debt > 1 year
€76k▼
2023 · €81k
Income taxes
€0▼
2023 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€218k€191k▼
Fixed assets21/28€155k€147k▼
Tangible fixed assets22/27€154k€147k▼
Plant, machinery and equipment23€7k€3k▼
Furniture and vehicles24€27k€53k▲
Leasing and similar rights25€117k€87k▼
Other tangible fixed assets26€4k€4k▼
Financial fixed assets28€135€135=
Current assets29/58€64k€44k▼
Amounts receivable within one year40/41€53k€37k▼
Trade receivables40€53k€37k▼
Other amounts receivable41€0€629▲
Cash at bank and in hand54/58€8k€4k▼
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€218k€191k▼
Equity10/15€86k€78k▼
Contributions10/11€5k€5k=
Reserves13€81k€73k▼
Distributable reserves133€81k€73k▼
Amounts payable17/49€132k€114k▼
Amounts payable after more than one year17€81k€76k▼
Financial debts170/4€81k€76k▼
Amounts payable within one year42/48€51k€38k▼
Current portion of amounts payable after more than one year42€23k€36k▲
Trade debts44€15k€725▼
Suppliers440/4€15k€725▼
Taxes, remuneration and social security45€12k€1k▼
Taxes450/3€11k€289▼
Remuneration and social security454/9€1k€1k=
Other amounts payable47/48€1k€512▼
Accrued charges and deferred income492/3€15€0▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€41k€43k▲
Other operating charges640/8€2k€1k▼
Gross operating margin9900€63k€41k▼
Operating profit (loss)9901€21k€-2k▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€6k€6k▼
Recurring financial charges65€6k€6k▼
Profit (loss) for the period before taxes9903€15k€-8k▼
Income taxes67/77€3k€0▼
Profit (loss) for the period9904€12k€-8k▼
Profit (loss) for the period to be appropriated9905€12k€-8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€12k€-8k▼
Transfer from equity791/2-€8k
Transfer to equity691/2€12k€0▼
To other reserves6921€12k€0▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-8k ▼170%
Net result drops to €-8k, the lowest in the series.
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2021net €46k ▲105%
Operating result €49k, net result €46k, both a record.
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Zwevegem · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Gauwelstraat(H) 408551 ZwevegemGround area
6,318 m²
Building footprint
123 m²
Volume, LiDAR
489 m³
Parcel 34014B0695/00G000, Flanders · tallest building 6.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
LIBB-RECHT
since 20212.311.490.501
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34014B0695/00G000 | Flanders | 6,318 m² | 1 · 123 m² | 6.0 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteZwevegem2.311.490.501
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Of 12,605 companies in sector 49410 we hold annual accounts for 8,195. 6,260 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-12-2020
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:hoevelibbrecht@hotmail.com
Phone:0478/63.21.05