LIBECCIO I
ActiveSummary
LIBECCIO I has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €12.04M and a net result of €1.74M. Equity is growing by ~15.6% per year across the filed fiscal years. Its solvency ranks better than 59% of 270 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84▼-11
Solvency63▲+12
Growth85=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €850k at 30 days acceptable
Liquidity tight (current ratio 1.23 against 1.04 in 2024; short-term debt: 15.1% and cash: 14.2% of total assets), and 62.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 35
Relative position
BE, all sectors
reference
Electricity, gas, steam and air conditioning supply (NACE 35)
about 42% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
37.6%
Return on assets
5.4%
Age of the figures
18 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 01-10-2025, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
27 d early
2023
1 d early
2021
60 d early
2020
71 d early
2019
53 d early
2018
76 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, full schema
Turnover
€8.50M▼ 57.2%
2024 · €19.86M
2018: €1.62Mlowest value
2019: €1.81M▲ +11.5% vs 2018
2020: €4.14M▲ +129% vs 2019
2021: €3.49M▼ -15.7% vs 2020
2023: €17.56M
2024: €19.86M▲ +13.1% vs 2023highest value
2025: €8.50M▼ -57.2% vs 2024
2018 → 2025
EBIT margin
34.3%▼ 28.7pp
2024 · 63.1%
2018: 38.0%
2019: 40.7%▲ +7.1% vs 2018
2020: 50.4%▲ +23.8% vs 2019
2021: 35.2%▼ -30.1% vs 2020
2023: 56.9%
2024: 63.1%▲ +10.9% vs 2023highest value
2025: 34.3%▼ -45.6% vs 2024lowest value
2018 → 2025
Net result
€1.74M▼ 80.1%
2024 · €8.71M
2018: €373klowest value
2019: €508k▲ +36.0% vs 2018
2020: €1.48M▲ +191% vs 2019
2021: €653k▼ -55.8% vs 2020
2023: €6.95M
2024: €8.71M▲ +25.4% vs 2023highest value
2025: €1.74M▼ -80.1% vs 2024
2018 → 2025
Working capital
€1.12M▲ 92.6%
2024 · €580k
2018: €338k
2019: €-616k▼ -282% vs 2018
2020: €212k▲ +134% vs 2019
2021: €-907k▼ -529% vs 2020lowest value
2023: €1.57Mhighest value
2024: €580k▼ -63.0% vs 2023
2025: €1.12M▲ +92.6% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202320242025Trend
Turnover€4.14M-€3.49M▼ 15.7%€17.56M▲ 403%€19.86M▲ 13.1%€8.50M▼ 57.2%
2020: €4.14M
2021: €3.49M▼ -15.7% vs 2020lowest value
2023: €17.56M
2024: €19.86M▲ +13.1% vs 2023highest value
2025: €8.50M▼ -57.2% vs 2024
Equity€5.40M-€9.14M▲ 69.2%€11.63M▲ 27.2%€12.04M▲ 3.6%€12.04M=
2020: €5.40Mlowest value
2021: €9.14M▲ +69.2% vs 2020
2023: €11.63M
2024: €12.04M▲ +3.6% vs 2023highest value
2025: €12.04M● -0.0% vs 2024
Operating result€2.08M-€1.23M▼ 41.1%€9.99M▲ 713%€12.53M▲ 25.4%€2.92M▼ 76.7%
2020: €2.08M
2021: €1.23M▼ -41.1% vs 2020lowest value
2023: €9.99M
2024: €12.53M▲ +25.4% vs 2023highest value
2025: €2.92M▼ -76.7% vs 2024
Net result€1.48M-€653k▼ 55.8%€6.95M▲ 963%€8.71M▲ 25.4%€1.74M▼ 80.1%
2020: €1.48M
2021: €653k▼ -55.8% vs 2020lowest value
2023: €6.95M
2024: €8.71M▲ +25.4% vs 2023highest value
2025: €1.74M▼ -80.1% vs 2024
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 77% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €31.99M
Fixed assets
€26.04M ▼ 10.7%
Current assets
€5.95M ▼ 64.3%
Equity and liabilities €31.99M
Equity
€12.04M =
Provisions
€733k ▲ 28.2%
Debt
€19.22M ▼ 42.1%
Debt's share of the balance-sheet total falls from 72.5% to 60.1%. Debt is lower.
Key figures and ratios
EBITDA
€6.05M▼
2024 · €15.76M
Cash flow
€4.86M▼
2024 · €11.95M
Current ratio
1.23▲
2024 · 1.04
Debt to equity
1.60▼
2024 · 2.76
ROE
14.4%▼
2024 · 72.4%
ROA
5.4%▼
2024 · 19.0%
Interest coverage
8.33▼
2024 · 17.05
Debt ≤ 1 year
€4.83M▼
2024 · €16.09M
Debt > 1 year
€14.35M▼
2024 · €17.10M
Income taxes
€557k▼
2024 · €2.89M
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 · 2025 against 2024 · 67 lines
Balance sheet
Code20242025
Assets
Total assets20/58€45.83M€31.99M▼
Fixed assets21/28€29.17M€26.04M▼
Intangible fixed assets21€828k€413k▼
Tangible fixed assets22/27€28.33M€25.62M▼
Plant, machinery and equipment23€28.33M€25.62M▼
Financial fixed assets28€10k€10k=
Other financial fixed assets284/8€10k€10k=
Amounts receivable and cash guarantees285/8€10k€10k=
Current assets29/58€16.67M€5.95M▼
Amounts receivable within one year40/41€2.78M€1.11M▼
Trade receivables40€2.78M€1.08M▼
Other amounts receivable41-€33k
Cash at bank and in hand54/58€13.58M€4.53M▼
Deferred charges and accrued income490/1€304k€313k▲
Equity and liabilities
Total equity and liabilities10/49€45.83M€31.99M▼
Equity10/15€12.04M€12.04M=
Contributions10/11€10.58M€10.58M=
Capital10€10.58M€10.58M=
Issued capital100€10.58M€10.58M=
Reserves13€1.06M€1.06M=
Non-distributable reserves130/1€1.06M€1.06M=
Legal reserve130€1.06M€1.06M=
Profit (loss) carried forward14€402k€400k▼
Provisions and deferred taxes16€572k€733k▲
Provisions for liabilities and charges160/5€572k€733k▲
Environmental obligations163€572k€733k▲
Amounts payable17/49€33.22M€19.22M▼
Amounts payable after more than one year17€17.10M€14.35M▼
Financial debts170/4€17.10M€14.35M▼
Other loans174€17.10M€14.35M▼
Amounts payable within one year42/48€16.09M€4.83M▼
Current portion of amounts payable after more than one year42€2.11M€2.75M▲
Trade debts44€4.46M€348k▼
Suppliers440/4€4.46M€348k▼
Taxes, remuneration and social security45€1.21M-
Taxes450/3€1.21M-
Other amounts payable47/48€8.30M€1.74M▼
Accrued charges and deferred income492/3€32k€29k▼
Income statement
Code20242025
Operating income70/76A€20.14M€8.84M▼
Turnover70€19.86M€8.50M▼
Other operating income74€286k€335k▲
Operating charges60/66A€7.62M€5.92M▼
Services and other goods61€2.36M€2.63M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3.24M€3.13M▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€137k€161k▲
Other operating charges640/8€1.89M€2k▼
Operating profit (loss)9901€12.53M€2.92M▼
Financial income75/76B€3k€101k▲
Recurring financial income75€3k€101k▲
Income from current assets751-€101k
Other financial income752/9€3k€0▼
Financial charges65/66B€924k€726k▼
Recurring financial charges65€924k€726k▼
Debt charges650€924k€726k▼
Other financial charges652/9€1€223▲
Profit (loss) for the period before taxes9903€11.60M€2.29M▼
Income taxes67/77€2.89M€557k▼
Taxes670/3€2.90M€574k▼
Tax adjustments and reversals of tax provisions77€9k€17k▲
Profit (loss) for the period9904€8.71M€1.74M▼
Profit (loss) for the period to be appropriated9905€8.71M€1.74M▼
Appropriation of the result
Profit (loss) to be appropriated9906€9.09M€2.14M▼
Profit (loss) brought forward from the previous period14P€371k€402k▲
Transfer to equity691/2€383k-
To the legal reserve6920€383k-
Profit to be distributed694/7€8.30M€1.74M▼
Return on contributions (dividend)694€8.30M€1.74M▼
The notes to these accounts (34 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €3.51M | €18.16M | €20.14M | €8.84M | ▼ 56.1% |
| Turnover70 | €4.14M | €3.49M | €17.56M | €19.86M | €8.50M | ▼ 57.2% |
| Other operating income74 | - | €18k | €604k | €286k | €335k | ▲ 17.1% |
| Operating charges60/66A | - | €2.28M | €8.18M | €7.62M | €5.92M | ▼ 22.3% |
| Services and other goods61 | - | €769k | €2.06M | €2.36M | €2.63M | ▲ 11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1.60M | €1.43M | €3.35M | €3.24M | €3.13M | ▼ 3.4% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €60k | €145k | €137k | €161k | ▲ 17.8% |
| Other operating charges640/8 | - | €20k | €2.62M | €1.89M | €2k | ▼ 99.9% |
| Operating profit (loss)9901 | €2.08M | €1.23M | €9.99M | €12.53M | €2.92M | ▼ 76.7% |
| Financial income75/76B | - | - | - | €3k | €101k | ▲ 3,017% |
| Recurring financial income75 | €0 | - | - | €3k | €101k | ▲ 3,017% |
| Income from current assets751 | - | - | - | - | €101k | - |
| Other financial income752/9 | - | - | - | €3k | €0 | ▼ 100.0% |
| Financial charges65/66B | - | €512k | €1.10M | €924k | €726k | ▼ 21.4% |
| Recurring financial charges65 | €548k | €512k | €1.10M | €924k | €726k | ▼ 21.4% |
| Debt charges650 | €548k | €512k | €1.10M | €924k | €726k | ▼ 21.4% |
| Other financial charges652/9 | - | - | - | €1 | €223 | ▲ 15,693% |
| Profit (loss) for the period before taxes9903 | €1.54M | €716k | €8.88M | €11.60M | €2.29M | ▼ 80.2% |
| Income taxes67/77 | €59k | €63k | €1.94M | €2.89M | €557k | ▼ 80.7% |
| Taxes670/3 | - | €63k | €1.94M | €2.90M | €574k | ▼ 80.2% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €9k | €17k | ▲ 79.9% |
| Profit (loss) for the period9904 | €1.48M | €653k | €6.95M | €8.71M | €1.74M | ▼ 80.1% |
| Profit (loss) for the period to be appropriated9905 | €1.48M | €653k | €6.95M | €8.71M | €1.74M | ▼ 80.1% |
| Line | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €20.15M | €31.55M | €49.15M | €45.83M | €31.99M | ▼ 30.2% |
| Formation expenses20 | €34k | €27k | - | - | - | - |
| Fixed assets21/28 | €16.96M | €28.74M | €32.40M | €29.17M | €26.04M | ▼ 10.7% |
| Intangible fixed assets21 | €1.21M | €908k | €1.32M | €828k | €413k | ▼ 50.1% |
| Tangible fixed assets22/27 | €15.74M | €27.82M | €31.07M | €28.33M | €25.62M | ▼ 9.6% |
| Plant, machinery and equipment23 | - | €12.76M | €31.07M | €28.33M | €25.62M | ▼ 9.6% |
| Assets under construction and advance payments27 | - | €15.06M | - | - | - | - |
| Financial fixed assets28 | €10k | €10k | €10k | €10k | €10k | = |
| Other financial fixed assets284/8 | - | €10k | €10k | €10k | €10k | = |
| Amounts receivable and cash guarantees285/8 | - | €10k | €10k | €10k | €10k | = |
| Current assets29/58 | €3.16M | €2.78M | €16.75M | €16.67M | €5.95M | ▼ 64.3% |
| Amounts receivable within one year40/41 | €1.63M | €1.22M | €4.18M | €2.78M | €1.11M | ▼ 60.0% |
| Trade receivables40 | - | €937k | €4.14M | €2.78M | €1.08M | ▼ 61.2% |
| Other amounts receivable41 | - | €284k | €41k | - | €33k | - |
| Cash at bank and in hand54/58 | €1.39M | €1.49M | €12.36M | €13.58M | €4.53M | ▼ 66.7% |
| Deferred charges and accrued income490/1 | - | €74k | €209k | €304k | €313k | ▲ 2.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €20.15M | €31.55M | €49.15M | €45.83M | €31.99M | ▼ 30.2% |
| Equity10/15 | €5.40M | €9.14M | €11.63M | €12.04M | €12.04M | = |
| Contributions10/11 | €4.84M | €8.58M | €10.58M | €10.58M | €10.58M | = |
| Capital10 | - | €8.58M | €10.58M | €10.58M | €10.58M | = |
| Issued capital100 | - | €8.58M | €10.58M | €10.58M | €10.58M | = |
| Reserves13 | €153k | €186k | €675k | €1.06M | €1.06M | = |
| Non-distributable reserves130/1 | - | €186k | €675k | €1.06M | €1.06M | = |
| Legal reserve130 | - | €186k | €675k | €1.06M | €1.06M | = |
| Profit (loss) carried forward14 | €407k | €378k | €371k | €402k | €400k | ▼ 0.5% |
| Provisions and deferred taxes16 | €118k | €178k | €435k | €572k | €733k | ▲ 28.2% |
| Provisions for liabilities and charges160/5 | - | €178k | €435k | €572k | €733k | ▲ 28.2% |
| Environmental obligations163 | - | €178k | €435k | €572k | €733k | ▲ 28.2% |
| Amounts payable17/49 | €14.63M | €22.23M | €37.09M | €33.22M | €19.22M | ▼ 42.1% |
| Amounts payable after more than one year17 | €11.68M | €18.47M | €21.69M | €17.10M | €14.35M | ▼ 16.1% |
| Financial debts170/4 | - | €18.47M | €21.69M | €17.10M | €14.35M | ▼ 16.1% |
| Other loans174 | - | €18.47M | €21.69M | €17.10M | €14.35M | ▼ 16.1% |
| Amounts payable within one year42/48 | €2.95M | €3.69M | €15.18M | €16.09M | €4.83M | ▼ 70.0% |
| Current portion of amounts payable after more than one year42 | - | €2.21M | €3.58M | €2.11M | €2.75M | ▲ 30.3% |
| Trade debts44 | €328k | €649k | €3.59M | €4.46M | €348k | ▼ 92.2% |
| Suppliers440/4 | - | €649k | €3.59M | €4.46M | €348k | ▼ 92.2% |
| Taxes, remuneration and social security45 | - | €184k | €1.31M | €1.21M | - | - |
| Taxes450/3 | - | €184k | €1.31M | €1.21M | - | - |
| Other amounts payable47/48 | - | €650k | €6.70M | €8.30M | €1.74M | ▼ 79.0% |
| Accrued charges and deferred income492/3 | - | €72k | €221k | €32k | €29k | ▼ 9.5% |
| Line | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.48M | €653k | €6.95M | €8.71M | €1.74M | ▼ 80.1% |
| + Depreciation and write-downs630 | €1.60M | €1.43M | €3.35M | €3.24M | €3.13M | ▼ 3.4% |
| Operating cash flow (approximation) | €3.07M | €2.08M | €10.30M | €11.95M | €4.86M | ▼ 59.3% |
| Investment in fixed assets (approximation) | - | €-13.21M | - | €0 | €0 | - |
| Change in cash | - | €100k | - | €1.22M | €-9.06M | ▼ 843% |
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
Next filing, fiscal year 2026, expected by
2025
01-10
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2024
04-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
31-03
Financial
Highest result since 2018net €8.71M ▲25.4%
Operating result €12.53M, net result €8.71M, both a record.
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
31-03
Financial
Equity above €10MEq €11.63M ▲27.2%
5 profitable years in a row build equity to €11.63M.
2022
01-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
21-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
08-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Equity above €5MEq €5.13M ▲147%
2 profitable years in a row build equity to €5.13M.
16-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
07-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
16-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
06-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 15 acts read
About the unread acts
We know of 15 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
15 acts for this company are 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, Brugge · 1 establishment unit since 2014
Ground area
2,909 m²
Building footprint
2,909 m²
Volume, LiDAR
28,513 m³
Parcel 31812S0246/00B000, Flanders · tallest building 37.1 m, ±2 floors. Linked by address, not a title deed.
10
companies at this address
See who is registered here
1 establishment unit
LIBECCIO I
since 20142.231.629.510
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31812S0246/00B000 | Flanders | 2,909 m² | 1 · 2,909 m² | 37.1 m · 2 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.
Similar companies · same sector, comparable size
GARDEC-S.W.D.
BE 0436.266.705
Brugge · Eq €12.35M
FIEVA
BE 0461.584.297
Dentergem · Eq €12.61M
Access to Sustainability for Tenants through Energy Effective Retrofit
BE 0757.526.547
Antwerpen · Eq €12.66M
Lumiwind
BE 0746.930.385
Sint-Joost-ten-Node · Eq €12.74M
BELGIAN ECO ENERGY
BE 0829.482.335
Mechelen · Eq €11.32M
Of 814 companies in sector 35110 we hold annual accounts for 630. 235 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded10-06-2014
Fiscal year end31-03
Activities, NACEBEL 2025
35110Production of electricity from non-renewable sources
Contact
E-mail
CorporateEWB@eneco.com
Scores and ratios are computed by Checked and are not a credit decision.