Public limited company · founded 1928 · 98 yrs activeTieltstraat 112, 8760 Tielt, BelgiumKBO/BCE: BE 0405.577.982
Summary
LIBECO has been active since 1928 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €30.0m and a net result of €1.8m. Equity is growing by ~7.2% per year across the filed fiscal years. Its solvency ranks better than 79% of 158 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
How financially healthy the company is, how likely a bankruptcy is and how much credit is sensible. Start here to know whether you can do business safely.
Score 2025
Checked score
A figure from 0 to 100 for financial health from the latest annual accounts: the higher, the healthier. Without a figure, the card says why. A low score is a reason to look closely at payment terms and security.
Four sides of financial health side by side. You see at a glance where the company is strong and where it is vulnerable.
Profitability65▲+2
Solvency100=
Growth49=
Track record100
Bankruptcy probability, 12 months
Bankruptcy probability
The chance that this company goes bankrupt within twelve months. A low chance is reassuring; with a higher one, agree shorter payment terms or an advance.
< 0.1%Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000,000 at 30 days acceptable
Liquidity ample (current ratio 4.0 against 5.11 in 2024; short-term debt: 20.6% and cash: 5.1% of total assets), and 21% of the assets are financed with debt.
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 11 days before the deadline; the sector median for financial year 2024 is 13 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
○
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
History
History
The company's story in a few sentences, from the company register, the Belgian State Gazette and the filed annual accounts. Each number opens the document the sentence rests on.
LIBECO was incorporated on 2 August 1928.1Revenue grew from EUR 44 million in 2018 to EUR 52 million in 2025 and headcount from 188 to 186 full-time equivalents.2
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 13, Manufacture of textiles, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
Net result€5.2mabove the sector's middle half▲ 48.9%€4.9mabove the sector's middle half▼ 7.0%€2.7mabove the sector's middle half▼ 43.4%€1.5mabove the sector's middle half▼ 47.0%€1.8mabove the sector's middle half▲ 25.5%
Equity€22.8mabove the sector's middle half▲ 7.0%€26.8mabove the sector's middle half▲ 17.9%€28.6mabove the sector's middle half▲ 6.6%€29.2mabove the sector's middle half▲ 2.1%€30.0mabove the sector's middle half▲ 2.9%
Total assets€35.2mabove the sector's middle half▲ 17.1%€44.0mabove the sector's middle half▲ 25.1%€39.2mabove the sector's middle half▼ 10.9%€35.3mabove the sector's middle half▼ 10.1%€38.1mabove the sector's middle half▲ 7.8%
Working capital€19.5mabove the sector's middle half▲ 3.7%€23.0mabove the sector's middle half▲ 17.7%€23.3mabove the sector's middle half▲ 1.3%€24.0mabove the sector's middle half▲ 3.3%€23.5mabove the sector's middle half▼ 2.2%
Solvency64.7%within the sector's middle half▼ 6.1pp60.9%within the sector's middle half▼ 3.8pp72.9%above the sector's middle half▲ 12.0pp82.7%above the sector's middle half▲ 9.8pp79.0%above the sector's middle half▼ 3.8pp
Current ratio2.64above the sector's middle half▼ 0.622.38within the sector's middle half▼ 0.263.24above the sector's middle half▲ 0.865.11above the sector's middle half▲ 1.874.00above the sector's middle half▼ 1.11
Return on assets (ROA)14.8%above the sector's middle half▲ 3.2pp11.0%above the sector's middle half▼ 3.8pp7.0%within the sector's middle half▼ 4.0pp4.1%within the sector's middle half▼ 2.9pp4.8%within the sector's middle half▲ 0.7pp
Staff (FTE)195.3above the sector's middle half▲ 3.7%204.7above the sector's middle half▲ 4.8%199.5above the sector's middle half▼ 2.5%189.8above the sector's middle half▼ 4.9%186.2above the sector's middle half▼ 1.9%
abovewithinbelowthe middle half (P25 to P75) of NACE 13, Manufacture of textiles, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 48% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €38.1m
17.6%
82.4%
Fixed assets€6.7m ▲ 23.5%
Current assets€31.3m ▲ 5.0%
Equity and liabilities €38.1m
79.0%
20.9%
Equity€30.0m ▲ 2.9%
Provisions€45,965 ▲ 406%
Debt€8.0m ▲ 30.9%
Debt's share of the balance-sheet total rises from 17.2% to 20.9%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€3.5m▲
2024 · €2.8m
Cash flow
€2.8m▲
2024 · €2.6m
Quick ratio
1.09▼
2024 · 1.80
Debt to equity
0.27▲
2024 · 0.21
ROE
6.1%▲
2024 · 5.0%
Interest coverage
919.18▲
2024 · 50.96
Debt ≤ 1 year
€7.8m▲
2024 · €5.8m
Income taxes
€670,461▲
2024 · €484,006
Staff costs
€11.8m▲
2024 · €10.3m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observation
Peer companies
What happened to companies that once looked just like this one does now. It describes the group, not this company: the figures are counted, not predicted.
Of the 1,860 companies that looked in July 2024 the way this one looks now, 0.1% went bankrupt within 24 months and 98% are still going.
Medium-sized
20 years or older
solvency 30% or more
a profit under 5% of the balance sheet
0.1%went bankrupt
2.0%stopped otherwise
98%still going
For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
The companies in ten equal groups, from lowest to highest expected share.
Group
Expected
Actual
1
0.2%
0.2%
2
0.3%
0.4%
3
0.5%
0.5%
4
0.6%
0.7%
5
0.8%
0.9%
6
1.2%
1.3%
7
1.5%
1.7%
8
1.7%
1.7%
9
2.7%
2.8%
10
5.3%
5.7%
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,860 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
Filed annual accountsAs filed with the NBB · 2025 against 2024 · 89 lines
Balance sheetCode20242025
Assets
Total assets20/58€35.3m€38.1m▲
Fixed assets21/28€5.4m€6.7m▲
Intangible fixed assets21€85,791€51,737▼
Tangible fixed assets22/27€5.3m€6.6m▲
Land and buildings22€469,029€410,574▼
Plant, machinery and equipment23€3.6m€4.3m▲
Furniture and vehicles24€240,838€202,239▼
Assets under construction and advance payments27€981,400€1.7m▲
Financial fixed assets28€11,772€9,061▼
Affiliated companies280/1€9,061€9,061=
Participating interests280€9,061€9,061=
Other financial fixed assets284/8€2,711€0▼
Amounts receivable and cash guarantees285/8€2,711€0▼
Current assets29/58€29.9m€31.3m▲
Stocks and contracts in progress3€19.3m€22.8m▲
Stocks30/36€19.3m€22.8m▲
Raw materials and consumables30/31€4.1m€6.0m▲
Work in progress32€7.1m€8.4m▲
Finished goods33€8.1m€8.4m▲
Amounts receivable within one year40/41€5.0m€6.1m▲
Trade receivables40€4.7m€5.7m▲
Other amounts receivable41€272,425€449,668▲
Current investments50/53€3.8m€0▼
Other investments51/53€3.8m€0▼
Cash at bank and in hand54/58€1.2m€1.9m▲
Deferred charges and accrued income490/1€601,851€508,312▼
Equity and liabilities
Total equity and liabilities10/49€35.3m€38.1m▲
Equity10/15€29.2m€30.0m▲
Contributions10/11€2.7m€2.7m=
Capital10€2.7m€2.7m=
Issued capital100€2.7m€2.7m=
Reserves13€26.5m€27.3m▲
Non-distributable reserves130/1€289,550€289,550=
Legal reserve130€272,964€272,964=
Other1319€16,587€16,587=
Tax-exempt reserves132€741,608€852,262▲
Distributable reserves133€25.4m€26.2m▲
Provisions and deferred taxes16€9,081€45,965▲
Deferred taxes168€9,081€45,965▲
Amounts payable17/49€6.1m€8.0m▲
Amounts payable within one year42/48€5.8m€7.8m▲
Trade debts44€3.0m€4.5m▲
Suppliers440/4€3.0m€4.5m▲
Taxes, remuneration and social security45€2.0m€2.4m▲
Taxes450/3€187,446€208,682▲
Remuneration and social security454/9€1.8m€2.2m▲
Other amounts payable47/48€863,579€983,599▲
Accrued charges and deferred income492/3€236,674€116,257▼
Income statementCode20242025
Operating income70/76A€46.1m€56.4m▲
Turnover70€50.5m€52.0m▲
Change in stocks of work in progress, finished goods and contracts in progress71-€5.5m€1.6m▲
Other operating income74€1.1m€2.9m▲
Operating charges60/66A€44.4m€54.0m▲
Goods for resale, raw materials and consumables60€23.0m€28.9m▲
Purchases600/8€20.4m€30.7m▲
Change in stocks: decrease (increase)609€2.6m-€1.9m▼
Services and other goods61€10.0m€12.3m▲
Remuneration, social security and pensions62€10.3m€11.8m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.1m€1.0m▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€15,922€15,664▼
Other operating charges640/8€9,149€10,552▲
Operating profit (loss)9901€1.7m€2.4m▲
Financial income75/76B€947,590€979,331▲
Recurring financial income75€947,590€979,331▲
Income from financial fixed assets750€266,231€0▼
Income from current assets751€31,764€65,238▲
Other financial income752/9€649,595€914,093▲
Financial charges65/66B€662,187€887,553▲
Recurring financial charges65€662,187€887,553▲
Debt charges650€54,925€3,756▼
Other financial charges652/9€607,262€883,797▲
Profit (loss) for the period before taxes9903€1.9m€2.5m▲
Transfer from deferred taxes780€3,443€1,865▼
Transfer to deferred taxes680€3,125€38,750▲
Income taxes67/77€484,006€670,461▲
Taxes670/3€488,875€671,476▲
Tax adjustments and reversals of tax provisions77€4,869€1,016▼
Profit (loss) for the period9904€1.5m€1.8m▲
Transfer from tax-exempt reserves789€10,328€5,596▼
Transfer to tax-exempt reserves689€9,375€116,250▲
Profit (loss) for the period to be appropriated9905€1.5m€1.7m▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.5m€1.7m▲
Transfer to equity691/2€592,668€732,322▲
To other reserves6921€592,668€732,322▲
Profit to be distributed694/7€863,579€983,599▲
Return on contributions (dividend)694€753,426€832,734▲
Directors or managers695€6,750€8,500▲
Employees696€103,403€142,365▲
Social balance
Average headcount (FTE)9087189.8186.2▼
The notes to these accounts (69 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Line
2021
2022
2023
2024
2025
Change
Operating income70/76A
€64.4m
€73.3m
€55.9m
€46.1m
€56.4m
▲ 22.4%
Turnover70
€59.4m
€65.4m
€57.4m
€50.5m
€52.0m
▲ 2.8%
Change in stocks of work in progress, finished goods and contracts in progress71
€3.5m
€6.3m
-€2.9m
-€5.5m
€1.6m
▲ 128%
Other operating income74
€1.6m
€1.5m
€1.3m
€1.1m
€2.9m
▲ 162%
Operating charges60/66A
€57.3m
€65.8m
€52.3m
€44.4m
€54.0m
▲ 21.5%
Goods for resale, raw materials and consumables60
€34.5m
€40.8m
€29.6m
€23.0m
€28.9m
▲ 25.5%
Purchases600/8
€36.1m
€42.7m
€28.4m
€20.4m
€30.7m
▲ 50.9%
Change in stocks: decrease (increase)609
-€1.7m
-€1.8m
€1.2m
€2.6m
-€1.9m
▼ 171%
Services and other goods61
€11.4m
€12.6m
€10.6m
€10.0m
€12.3m
▲ 22.9%
Remuneration, social security and pensions62
€10.4m
€11.3m
€11.0m
€10.3m
€11.8m
▲ 14.9%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630
€972,104
€1.0m
€1.0m
€1.1m
€1.0m
▼ 11.8%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4
-€1,072
-€2,840
€25,955
€15,922
€15,664
▼ 1.6%
Provisions for liabilities and charges: additions (uses and reversals)635/8
€12,996
-€12,996
-
-
-
-
Other operating charges640/8
€18,992
€17,408
€15,915
€9,149
€10,552
▲ 15.3%
Operating profit (loss)9901
€7.1m
€7.5m
€3.6m
€1.7m
€2.4m
▲ 47.7%
Financial income75/76B
€824,895
€941,854
€1.0m
€947,590
€979,331
▲ 3.3%
Recurring financial income75
€824,895
€941,854
€1.0m
€947,590
€979,331
▲ 3.3%
Income from financial fixed assets750
-
-
-
€266,231
€0
▼ 100%
Income from current assets751
€340
€1,905
€1,445
€31,764
€65,238
▲ 105%
Other financial income752/9
€824,555
€939,949
€1.0m
€649,595
€914,093
▲ 40.7%
Financial charges65/66B
€805,377
€1.9m
€892,491
€662,187
€887,553
▲ 34.0%
Recurring financial charges65
€805,377
€1.9m
€892,491
€662,187
€887,553
▲ 34.0%
Debt charges650
€11,739
€116,436
€248,436
€54,925
€3,756
▼ 93.2%
Other financial charges652/9
€793,638
€1.8m
€644,055
€607,262
€883,797
▲ 45.5%
Profit (loss) for the period before taxes9903
€7.1m
€6.6m
€3.7m
€1.9m
€2.5m
▲ 30.7%
Transfer from deferred taxes780
€5,537
€4,528
€3,603
€3,443
€1,865
▼ 45.8%
Transfer to deferred taxes680
€2,500
€3,000
-
€3,125
€38,750
▲ 1,140%
Income taxes67/77
€1.9m
€1.7m
€986,329
€484,006
€670,461
▲ 38.5%
Taxes670/3
€1.9m
€1.7m
€986,434
€488,875
€671,476
▲ 37.4%
Tax adjustments and reversals of tax provisions77
-
€19,376
€105
€4,869
€1,016
▼ 79.1%
Profit (loss) for the period9904
€5.2m
€4.9m
€2.7m
€1.5m
€1.8m
▲ 25.5%
Transfer from tax-exempt reserves789
€16,610
€13,583
€10,809
€10,328
€5,596
▼ 45.8%
Transfer to tax-exempt reserves689
€7,500
€9,000
-
€9,375
€116,250
▲ 1,140%
Profit (loss) for the period to be appropriated9905
€5.2m
€4.9m
€2.8m
€1.5m
€1.7m
▲ 17.8%
Line
2021
2022
2023
2024
2025
Change
Assets
Total assets20/58
€35.2m
€44.0m
€39.2m
€35.3m
€38.1m
▲ 7.8%
Fixed assets21/28
€3.8m
€4.4m
€5.6m
€5.4m
€6.7m
▲ 23.5%
Intangible fixed assets21
€110,729
€157,089
€133,271
€85,791
€51,737
▼ 39.7%
Tangible fixed assets22/27
€3.7m
€4.3m
€5.4m
€5.3m
€6.6m
▲ 24.6%
Land and buildings22
€284,860
€338,040
€528,129
€469,029
€410,574
▼ 12.5%
Plant, machinery and equipment23
€3.2m
€3.3m
€3.8m
€3.6m
€4.3m
▲ 18.1%
Furniture and vehicles24
€70,683
€97,496
€260,480
€240,838
€202,239
▼ 16.0%
Assets under construction and advance payments27
€119,266
€479,287
€823,170
€981,400
€1.7m
▲ 76.6%
Financial fixed assets28
€9,061
€11,772
€11,772
€11,772
€9,061
▼ 23.0%
Affiliated companies280/1
€9,061
€9,061
€9,061
€9,061
€9,061
=
Participating interests280
€9,061
€9,061
€9,061
€9,061
€9,061
=
Other financial fixed assets284/8
-
€2,711
€2,711
€2,711
€0
▼ 100%
Amounts receivable and cash guarantees285/8
€0
€2,711
€2,711
€2,711
€0
▼ 100%
Current assets29/58
€31.4m
€39.6m
€33.6m
€29.9m
€31.3m
▲ 5.0%
Stocks and contracts in progress3
€23.4m
€31.6m
€27.5m
€19.3m
€22.8m
▲ 17.8%
Stocks30/36
€23.4m
€31.6m
€27.5m
€19.3m
€22.8m
▲ 17.8%
Raw materials and consumables30/31
€6.1m
€8.0m
€6.8m
€4.1m
€6.0m
▲ 45.2%
Work in progress32
€7.0m
€13.7m
€7.3m
€7.1m
€8.4m
▲ 17.4%
Finished goods33
€10.3m
€10.0m
€13.4m
€8.1m
€8.4m
▲ 4.1%
Amounts receivable within one year40/41
€6.0m
€6.4m
€5.0m
€5.0m
€6.1m
▲ 22.2%
Trade receivables40
€5.3m
€6.0m
€4.7m
€4.7m
€5.7m
▲ 19.7%
Other amounts receivable41
€700,277
€417,262
€246,273
€272,425
€449,668
▲ 65.1%
Current investments50/53
-
-
-
€3.8m
€0
▼ 100%
Other investments51/53
-
-
-
€3.8m
€0
▼ 100%
Cash at bank and in hand54/58
€1.5m
€1.3m
€685,859
€1.2m
€1.9m
▲ 67.5%
Deferred charges and accrued income490/1
€454,320
€337,174
€433,597
€601,851
€508,312
▼ 15.5%
Equity and liabilities
Total equity and liabilities10/49
€35.2m
€44.0m
€39.2m
€35.3m
€38.1m
▲ 7.8%
Equity10/15
€22.8m
€26.8m
€28.6m
€29.2m
€30.0m
▲ 2.9%
Contributions10/11
€2.7m
€2.7m
€2.7m
€2.7m
€2.7m
=
Capital10
€2.7m
€2.7m
€2.7m
€2.7m
€2.7m
=
Issued capital100
€2.7m
€2.7m
€2.7m
€2.7m
€2.7m
=
Reserves13
€20.0m
€24.1m
€25.9m
€26.5m
€27.3m
▲ 3.2%
Non-distributable reserves130/1
€289,550
€289,550
€289,550
€289,550
€289,550
=
Legal reserve130
€272,964
€272,964
€272,964
€272,964
€272,964
=
Other1319
€16,587
€16,587
€16,587
€16,587
€16,587
=
Tax-exempt reserves132
€757,953
€753,370
€742,561
€741,608
€852,262
▲ 14.9%
Distributable reserves133
€19.0m
€23.1m
€24.8m
€25.4m
€26.2m
▲ 2.9%
Provisions and deferred taxes16
€27,525
€13,001
€9,398
€9,081
€45,965
▲ 406%
Provisions for liabilities and charges160/5
€12,996
€0
-
-
-
-
Other liabilities and charges164/5
€12,996
€0
-
-
-
-
Deferred taxes168
€14,529
€13,001
€9,398
€9,081
€45,965
▲ 406%
Amounts payable17/49
€12.4m
€17.2m
€10.6m
€6.1m
€8.0m
▲ 30.9%
Amounts payable within one year42/48
€11.9m
€16.7m
€10.4m
€5.8m
€7.8m
▲ 34.3%
Financial debts43
-
€1.0m
€1.0m
-
-
-
Credit institutions430/8
-
€1.0m
€1.0m
-
-
-
Trade debts44
€6.0m
€5.6m
€3.0m
€3.0m
€4.5m
▲ 47.3%
Suppliers440/4
€6.0m
€5.6m
€3.0m
€3.0m
€4.5m
▲ 47.3%
Taxes, remuneration and social security45
€2.1m
€2.3m
€2.0m
€2.0m
€2.4m
▲ 23.1%
Taxes450/3
€364,974
€415,044
€258,112
€187,446
€208,682
▲ 11.3%
Remuneration and social security454/9
€1.7m
€1.9m
€1.7m
€1.8m
€2.2m
▲ 24.3%
Other amounts payable47/48
€3.7m
€7.8m
€4.4m
€863,579
€983,599
▲ 13.9%
Accrued charges and deferred income492/3
€518,294
€536,860
€232,529
€236,674
€116,257
▼ 50.9%
Line
2021
2022
2023
2024
2025
Change
Profit (loss) for the period9904
€5.2m
€4.9m
€2.7m
€1.5m
€1.8m
▲ 25.5%
+ Depreciation and write-downs630
€972,104
€1.0m
€1.0m
€1.1m
€1.0m
▼ 11.8%
Operating cash flow (approximation)
€6.2m
€5.9m
€3.8m
€2.6m
€2.8m
▲ 9.1%
Investment in fixed assets (approximation)
-
-€1.6m
-€2.2m
-€982,371
-€2.3m
▼ 133%
Change in cash
-
-€241,804
-€607,602
€473,120
€782,827
▲ 65.5%
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Permanent representative, Raymond Libeert (permanent representative)
Director reappointment, Michaël Huyghe (director)
Director appointment, BV Sophie Manigart (director)
Permanent representative, Sophie Manigaert (permanent representative)
16-06
NBB filingAnnual accounts filed
fiscal year 2025 · full schema
2025
26-05
NBB filingAnnual accounts filed
fiscal year 2024 · full schema
2024
31-12
FinancialWeakest financial yearnet €1.5m ▼47%
Net result drops to €1.5m, the lowest in the series; recovery starts the following year.
25-09
NBB filingAnnual accounts filed
fiscal year 2023 · full schema · 56 days late
2023
24-08
NBB filingAnnual accounts filed
fiscal year 2022 · full schema · 24 days late
2022
31-12
FinancialEquity above €25mEq €26.8m ▲17.9%
5 profitable years in a row build equity to €26.8m.
21-09
NBB filingAnnual accounts filed
fiscal year 2021 · full schema · 52 days late
2021
31-12
FinancialHighest result since 2018net €5.2m ▲48.9%
Net result €5.2m, the highest in the series.
26-05
NBB filingAnnual accounts filed
fiscal year 2020 · full schema
2020
29-06
NBB filingAnnual accounts filed
fiscal year 2019 · full schema
2019
28-05
NBB filingAnnual accounts filed
fiscal year 2018 · full schema
2018
04-06
NBB filingAnnual accounts filed
fiscal year 2017 · full schema
2017
23-05
NBB filingAnnual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 29 acts read
About the unread acts
Of the 29 Belgian State Gazette acts we know for this company, 1 has been read. The other 28 have not been read yet: what they contain is neither established nor disproved here.
Who runs the company and where it is based. It tells you who you are talking to and whether the address checks out.
Directors
Directors
Who runs the company today and since when, grouped the way the CBE groups its function holders. Many recent board changes are a reason to keep a close eye.
under verification, last change in 2026
This board is reconstructed from a single act (26092642). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Permanent representative · since 17-07-2026 · for Sophie Manigart
Current
DD
Didier Dejaegher
Permanent representative · for DEJAEGHER-HELAERT
Current
LR
Raymond Libeert
Permanent representative · for LIFLAX
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
28 of this company's 29 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Location & real estate
Where the company is based and which parcels are linked to its addresses. An address shared by many companies is often a registered-office service.
Tieltstraat 112, 8760 TieltManufacture of paper and paper products
since 19282.003.272.605
1 parcel
Flanders1(100%)
Parcel (capakey)
Region
Area
Buildings
Height / fl.
37322C0407/00C003
Flanders
3.0 ha
1 · 2.4 ha
-
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.
Mandate history
Mandate history
Who held which function and when, per person: one bar per period, from appointment to resignation or to today. An open left edge means the mandate began before the oldest act we hold.
Who owns the company and which companies it holds shares in, as the companies file it in their annual accounts. It shows which group it belongs to and who ultimately stands behind it.
According to the 2025 annual accounts of LIBECO and those of the other companies, the acts in the Belgian Gazette and the LEI register.
The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
Connections & network
Which other companies are linked to this one through directors or shares. Look especially for linked companies in trouble.
3 connected companies
Depth
Shared directors
This companyCompanyDirectorShareholding+N: links not shown yetClick a node to look further, drag to arrange, scroll to zoom.
Of 136 companies in sector 13200 we hold annual accounts for 85. 30 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Company details
The company's official details: legal form, status, activities and founding date. Useful to draw up an invoice or contract correctly.