Checked.be · Company dossierhttps://checked.be/en/c/libeco-0405577982 · as of 28-10-2026
LIBECO
Active
Public limited company · founded 1928 · active for 98 yearsTieltstraat 112, 8760 Tielt, BelgiumKBO/BCE: BE 0405.577.982
Summary
LIBECO has been active since 1928 and the Belgian Official 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 about 7.2% per year across the filed financial years. Its solvency ranks better than 80% of 194 sector peers (NACE 13, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Liflax BVChair · permanent representative Raymond Libeert
Auditor: EY Bednjfsrevisoren BV2025 accounts 45 days early10 of 29 deeds summarised
Why 96raises risk1 of the last 3 latelowers riskSize: turnover €52.0m, 186.2 FTE, total assets €38.1mFounded in 1928Equity €30.0m (79.0% of total assets)Show the evidence
Checked score
Score 2025
Checked score
A figure from 0 to 100: the higher it is, the smaller the chance that the company goes bankrupt within twelve months. The band, from Critical to Excellent, follows from that chance; within the band, how the company does against its sector peers counts too. With a low score, agree a shorter payment term, an advance or security.
96/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 71% of its sector peers (NACE 13, medium-sized)
How strong the balance sheet and results are: solvency, liquidity and profitability from the latest annual accounts, each out of 100. It does not directly set the Checked score's band; how the company does on these and on growth against its sector peers does count for its place within the band.
Strong
Solvency100=
equity 79.0% of total assets
Liquidity50=
short-term debt 20.6% · cash 5.1%
Profitability65+2
return on assets 4.8%
Bankruptcy probability, 12 months
Bankruptcy probability
The chance that the company goes bankrupt within twelve months, estimated from the registers, the annual accounts and the Belgian Official Gazette. 0.2% means about 2 in 1,000 comparable companies. The higher it is, the shorter the payment term to agree.
< 0.1%Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Sector median 0.1% (55 companies, NACE 13, medium-sized)
Last 24 months11-2024: 0.1%highest value12-2024: 0.1%● unchanged vs 11-2024highest value01-2025: 0.1%● unchanged vs 12-2024highest value02-2025: 0.1%● unchanged vs 01-202503-2025: 0.1%● unchanged vs 02-202504-2025: 0.1%● unchanged vs 03-202505-2025: 0.1%● unchanged vs 04-202506-2025: 0.1%● unchanged vs 05-202507-2025: 0.1%● unchanged vs 06-202508-2025: 0.1%● unchanged vs 07-202509-2025: 0.1%● unchanged vs 08-202510-2025: 0.1%● unchanged vs 09-202511-2025: 0.1%● unchanged vs 10-202512-2025: 0.1%● unchanged vs 11-202501-2026: 0.1%● unchanged vs 12-202502-2026: 0.1%● unchanged vs 01-202603-2026: 0.1%● unchanged vs 02-202604-2026: 0.1%● unchanged vs 03-202605-2026: 0.1%● unchanged vs 04-202606-2026: 0.1%● unchanged vs 05-202607-2026: < 0.1%▼ -0.1 percentage points vs 06-2026lowest value08-2026: < 0.1%● unchanged vs 07-2026lowest value09-2026: < 0.1%● unchanged vs 08-2026lowest value10-2026: < 0.1%● unchanged vs 09-2026lowest value
Credit of up to €2,850,000 on 30-day terms is acceptable
Liquidity ample (current ratio 4.0, compared with 5.11 in 2024, above the usual 1.5; short-term debt: 20.6% and cash: 5.1% of total assets), and 21% of the assets are financed with debt and provisions.
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 13, medium-sized): better than 90% on solvency, 71% on liquidity, 62% on profitability and 62% on growth.
The bankruptcy probability was computed on 27-10-2026 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).
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 (NACE 13) for financial year 2024 is 13 days before the deadline, and 32% 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 24 August (4 of the last 5 filed years within 69 days of that day).
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€38.1m2025Equity€30.0m2025Debt€8.0m2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€23.5m2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin4.7%2025Return on assets (ROA)4.8%2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency79.0%2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio4.002025
Average staff in full-time equivalents (FTE).
Staff (FTE)186.22025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 13, Manufacture of textiles: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
Net result€3.0m-€2.9m▼ 3.3%€3.5mabove the sector's middle half▲ 19.4%€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€18.7m-€20.1m▲ 7.6%€21.3mabove the sector's middle half▲ 5.8%€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€26.2m-€26.6m▲ 1.8%€30.1mabove the sector's middle half▲ 12.9%€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€16.5m-€16.7m▲ 1.2%€18.8mabove the sector's middle half▲ 12.5%€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%
Solvency71.5%-75.5%▲ 4.1pp70.8%above the sector's middle half▼ 4.7pp64.7%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 ratio3.33-3.71▲ 0.383.27above the sector's middle half▼ 0.442.64above 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)11.6%-11.0%▼ 0.6pp11.7%above the sector's middle half▲ 0.6pp14.8%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)188-190.9▲ 1.5%188.4above the sector's middle half▼ 1.3%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 of NACE 13, Manufacture of textiles: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
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
over 100▲
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 1,887 companies that looked in July 2024 the way this one looks now, 0.1% went bankrupt within 24 months and 97.9% 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
97.9%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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
The companies in ten equal groups, from lowest to highest expected share.
Group
Expected
Actual
1
0.2%
0.2%
2
0.3%
0.5%
3
0.5%
0.6%
4
0.7%
0.8%
5
0.9%
0.9%
6
1.3%
1.5%
7
1.6%
1.8%
8
1.8%
1.8%
9
3.0%
3.1%
10
5.6%
6.2%
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 1,887 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€0.09m€0.05m▼
Tangible fixed assets22/27€5.3m€6.6m▲
Land and buildings22€0.5m€0.4m▼
Plant, machinery and equipment23€3.6m€4.3m▲
Furniture and vehicles24€0.2m€0.2m▼
Assets under construction and advance payments27€1.0m€1.7m▲
Financial fixed assets28€0.01m€0.009m▼
Affiliated companies280/1€0.009m€0.009m=
Participating interests280€0.009m€0.009m=
Other financial fixed assets284/8€0.003m€0▼
Amounts receivable and cash guarantees285/8€0.003m€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€0.3m€0.4m▲
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€0.6m€0.5m▼
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€0.3m€0.3m=
Legal reserve130€0.3m€0.3m=
Other1319€0.02m€0.02m=
Tax-exempt reserves132€0.7m€0.9m▲
Distributable reserves133€25.4m€26.2m▲
Provisions and deferred taxes16€0.009m€0.05m▲
Deferred taxes168€0.009m€0.05m▲
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€0.2m€0.2m▲
Remuneration and social security454/9€1.8m€2.2m▲
Other amounts payable47/48€0.9m€1.0m▲
Accrued charges and deferred income492/3€0.2m€0.1m▼
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€0.02m€0.02m▼
Other operating charges640/8€0.009m€0.01m▲
Operating profit (loss)9901€1.7m€2.4m▲
Financial income75/76B€0.9m€1.0m▲
Recurring financial income75€0.9m€1.0m▲
Income from financial fixed assets750€0.3m€0▼
Income from current assets751€0.03m€0.07m▲
Other financial income752/9€0.6m€0.9m▲
Financial charges65/66B€0.7m€0.9m▲
Recurring financial charges65€0.7m€0.9m▲
Debt charges650€0.05m€0.004m▼
Other financial charges652/9€0.6m€0.9m▲
Profit (loss) for the period before taxes9903€1.9m€2.5m▲
Transfer from deferred taxes780€0.003m€0.002m▼
Transfer to deferred taxes680€0.003m€0.04m▲
Income taxes67/77€0.5m€0.7m▲
Taxes670/3€0.5m€0.7m▲
Tax adjustments and reversals of tax provisions77€0.005m€0.001m▼
Profit (loss) for the period9904€1.5m€1.8m▲
Transfer from tax-exempt reserves789€0.01m€0.006m▼
Transfer to tax-exempt reserves689€0.009m€0.1m▲
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€0.6m€0.7m▲
To other reserves6921€0.6m€0.7m▲
Profit to be distributed694/7€0.9m€1.0m▲
Return on contributions (dividend)694€0.8m€0.8m▲
Directors or managers695€0.007m€0.009m▲
Employees696€0.1m€0.1m▲
Social balance sheet
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
2018
2019
2020
2021
2022
2023
2024
2025
Change
Operating income70/76A
-
-
-
€64.4m
€73.3m
€55.9m
€46.1m
€56.4m
▲ 22.4%
Turnover70
€43.6m
€44.3m
€46.7m
€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
-
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
-
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
€0.7m
€0.9m
€1.1m
€1.0m
€1.0m
€1.0m
€1.1m
€1.0m
▼ 11.8%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4
-
-
-
-€0.001m
-€0.003m
€0.03m
€0.02m
€0.02m
▼ 1.6%
Provisions for liabilities and charges: additions (uses and reversals)635/8
-
-
-
€0.01m
-€0.01m
-
-
-
-
Other operating charges640/8
-
-
-
€0.02m
€0.02m
€0.02m
€0.009m
€0.01m
▲ 15.3%
Operating profit (loss)9901
€4.6m
€4.4m
€5.1m
€7.1m
€7.5m
€3.6m
€1.7m
€2.4m
▲ 47.7%
Financial income75/76B
-
-
-
€0.8m
€0.9m
€1.0m
€0.9m
€1.0m
▲ 3.3%
Recurring financial income75
€0.5m
€0.4m
€0.5m
€0.8m
€0.9m
€1.0m
€0.9m
€1.0m
▲ 3.3%
Income from financial fixed assets750
-
-
-
-
-
-
€0.3m
€0
▼ 100%
Income from current assets751
-
-
-
€340
€0.002m
€0.001m
€0.03m
€0.07m
▲ 105%
Other financial income752/9
-
-
-
€0.8m
€0.9m
€1.0m
€0.6m
€0.9m
▲ 40.7%
Financial charges65/66B
-
-
-
€0.8m
€1.9m
€0.9m
€0.7m
€0.9m
▲ 34.0%
Recurring financial charges65
€0.7m
€0.6m
€0.8m
€0.8m
€1.9m
€0.9m
€0.7m
€0.9m
▲ 34.0%
Debt charges650
€0.02m
€0.02m
€0.02m
€0.01m
€0.1m
€0.2m
€0.05m
€0.004m
▼ 93.2%
Other financial charges652/9
-
-
-
€0.8m
€1.8m
€0.6m
€0.6m
€0.9m
▲ 45.5%
Profit (loss) for the period before taxes9903
€4.4m
€4.2m
€4.8m
€7.1m
€6.6m
€3.7m
€1.9m
€2.5m
▲ 30.7%
Transfer from deferred taxes780
-
-
-
€0.006m
€0.005m
€0.004m
€0.003m
€0.002m
▼ 45.8%
Transfer to deferred taxes680
-
-
-
€0.003m
€0.003m
-
€0.003m
€0.04m
▲ 12×
Income taxes67/77
€1.4m
€1.3m
€1.3m
€1.9m
€1.7m
€1.0m
€0.5m
€0.7m
▲ 38.5%
Taxes670/3
-
-
-
€1.9m
€1.7m
€1.0m
€0.5m
€0.7m
▲ 37.4%
Tax adjustments and reversals of tax provisions77
-
-
-
-
€0.02m
€105
€0.005m
€0.001m
▼ 79.1%
Profit (loss) for the period9904
€3.0m
€2.9m
€3.5m
€5.2m
€4.9m
€2.7m
€1.5m
€1.8m
▲ 25.5%
Transfer from tax-exempt reserves789
-
-
-
€0.02m
€0.01m
€0.01m
€0.01m
€0.006m
▼ 45.8%
Transfer to tax-exempt reserves689
-
-
-
€0.008m
€0.009m
-
€0.009m
€0.1m
▲ 12×
Profit (loss) for the period to be appropriated9905
€3.0m
€2.9m
€3.5m
€5.2m
€4.9m
€2.8m
€1.5m
€1.7m
▲ 17.8%
Line
2018
2019
2020
2021
2022
2023
2024
2025
Change
Assets
Total assets20/58
€26.2m
€26.6m
€30.1m
€35.2m
€44.0m
€39.2m
€35.3m
€38.1m
▲ 7.8%
Fixed assets21/28
€2.6m
€3.7m
€2.9m
€3.8m
€4.4m
€5.6m
€5.4m
€6.7m
▲ 23.5%
Intangible fixed assets21
€0.02m
€0.1m
€0.1m
€0.1m
€0.2m
€0.1m
€0.09m
€0.05m
▼ 39.7%
Tangible fixed assets22/27
€2.5m
€3.6m
€2.8m
€3.7m
€4.3m
€5.4m
€5.3m
€6.6m
▲ 24.6%
Land and buildings22
-
-
-
€0.3m
€0.3m
€0.5m
€0.5m
€0.4m
▼ 12.5%
Plant, machinery and equipment23
-
-
-
€3.2m
€3.3m
€3.8m
€3.6m
€4.3m
▲ 18.1%
Furniture and vehicles24
-
-
-
€0.07m
€0.1m
€0.3m
€0.2m
€0.2m
▼ 16.0%
Assets under construction and advance payments27
-
-
-
€0.1m
€0.5m
€0.8m
€1.0m
€1.7m
▲ 76.6%
Financial fixed assets28
€0.02m
€0.02m
€0.009m
€0.009m
€0.01m
€0.01m
€0.01m
€0.009m
▼ 23.0%
Affiliated companies280/1
-
-
-
€0.009m
€0.009m
€0.009m
€0.009m
€0.009m
=
Participating interests280
-
-
-
€0.009m
€0.009m
€0.009m
€0.009m
€0.009m
=
Other financial fixed assets284/8
-
-
-
-
€0.003m
€0.003m
€0.003m
€0
▼ 100%
Amounts receivable and cash guarantees285/8
-
-
-
€0
€0.003m
€0.003m
€0.003m
€0
▼ 100%
Current assets29/58
€23.6m
€22.9m
€27.1m
€31.4m
€39.6m
€33.6m
€29.9m
€31.3m
▲ 5.0%
Stocks and contracts in progress3
€17.3m
€17.3m
€18.3m
€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
€5.0m
€4.5m
€6.3m
€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
-
-
-
€0.7m
€0.4m
€0.2m
€0.3m
€0.4m
▲ 65.1%
Current investments50/53
-
-
-
-
-
-
€3.8m
€0
▼ 100%
Other investments51/53
-
-
-
-
-
-
€3.8m
€0
▼ 100%
Cash at bank and in hand54/58
€0.9m
€0.7m
€2.3m
€1.5m
€1.3m
€0.7m
€1.2m
€1.9m
▲ 67.5%
Deferred charges and accrued income490/1
-
-
-
€0.5m
€0.3m
€0.4m
€0.6m
€0.5m
▼ 15.5%
Equity and liabilities
Total equity and liabilities10/49
€26.2m
€26.6m
€30.1m
€35.2m
€44.0m
€39.2m
€35.3m
€38.1m
▲ 7.8%
Equity10/15
€18.7m
€20.1m
€21.3m
€22.8m
€26.8m
€28.6m
€29.2m
€30.0m
▲ 2.9%
Contributions10/11
€2.7m
€2.7m
€2.7m
€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
€16.0m
€17.4m
€18.6m
€20.0m
€24.1m
€25.9m
€26.5m
€27.3m
▲ 3.2%
Non-distributable reserves130/1
-
-
-
€0.3m
€0.3m
€0.3m
€0.3m
€0.3m
=
Legal reserve130
-
-
-
€0.3m
€0.3m
€0.3m
€0.3m
€0.3m
=
Other1319
-
-
-
€0.02m
€0.02m
€0.02m
€0.02m
€0.02m
=
Tax-exempt reserves132
-
-
-
€0.8m
€0.8m
€0.7m
€0.7m
€0.9m
▲ 14.9%
Distributable reserves133
-
-
-
€19.0m
€23.1m
€24.8m
€25.4m
€26.2m
▲ 2.9%
Provisions and deferred taxes16
€0.03m
€0.02m
€0.02m
€0.03m
€0.01m
€0.009m
€0.009m
€0.05m
▲ 406%
Provisions for liabilities and charges160/5
-
-
-
€0.01m
€0
-
-
-
-
Other liabilities and charges164/5
-
-
-
€0.01m
€0
-
-
-
-
Deferred taxes168
-
-
-
€0.01m
€0.01m
€0.009m
€0.009m
€0.05m
▲ 406%
Amounts payable17/49
€7.4m
€6.5m
€8.8m
€12.4m
€17.2m
€10.6m
€6.1m
€8.0m
▲ 30.9%
Amounts payable within one year42/48
€7.1m
€6.2m
€8.3m
€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
€3.5m
€2.9m
€3.9m
€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
-
-
-
€0.4m
€0.4m
€0.3m
€0.2m
€0.2m
▲ 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
€0.9m
€1.0m
▲ 13.9%
Accrued charges and deferred income492/3
-
-
-
€0.5m
€0.5m
€0.2m
€0.2m
€0.1m
▼ 50.9%
Line
2018
2019
2020
2021
2022
2023
2024
2025
Change
Profit (loss) for the period9904
€3.0m
€2.9m
€3.5m
€5.2m
€4.9m
€2.7m
€1.5m
€1.8m
▲ 25.5%
+ Depreciation and write-downs630
€0.7m
€0.9m
€1.1m
€1.0m
€1.0m
€1.0m
€1.1m
€1.0m
▼ 11.8%
Operating cash flow (approximation)
€3.7m
€3.8m
€4.6m
€6.2m
€5.9m
€3.8m
€2.6m
€2.8m
▲ 9.1%
Investment in fixed assets (approximation)
-
-€2.0m
-€0.3m
-€1.8m
-€1.6m
-€2.2m
-€1.0m
-€2.3m
▼ 133%
Change in cash
-
-€0.2m
€1.6m
-€0.7m
-€0.2m
-€0.6m
€0.5m
€0.8m
▲ 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.
Of the 134 active companies whose main activity is manufacture of textiles (NACE 13200), figures are known for 85. 29 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
Flemish government
Subsidies and aid from the Flemish government to this company. Public aid says something about projects and the obligations that come with it.
2 entries · €5,579 · €5,579 paid · Fonds voor Innoveren en Ondernemen
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
Directors
Who runs the company today and since when, grouped the way the KBO groups its office holders. Many recent board changes are a reason to keep a close eye.
Not every act has been read: a resignation may still be missing
19 of this company's 29 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.
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.
According to the 2025 annual accounts of LIBECO and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it.
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 include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
Capital and shareholders
When capital was put in or taken out. An increase often strengthens the company; a reduction deserves a look.
According to the 2025 annual accounts of LIBECO and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it.
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 include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
Connections & network
Which other companies are linked to this one through directors or shares. Look especially for linked companies in trouble.
6 connected companies
Depth
Shared directors
This companyCompanyDirectorShareholding+N: links not shown yetClick a node to look further, drag to arrange, zoom with the mouse wheel.
The company's story in a few sentences, from the company register, the Belgian Official Gazette and the filed annual accounts. Each number opens the document the sentence rests on.
LIBECO was incorporated on 2 August 1928.1In 2024 the company took the name LIBECO.2Turnover grew from €43.6m in 2018 to €52.0m in 2025 and headcount from 188 to 186 full-time equivalents.3
Next filing, financial year 2026, expected by
31-07-2027
2026
17-07
Gazette deedReappointments: VOF Dejaegher-Helaert, BV Liflax and Michaël Huyghe
Permanent representatives: Didier Dejaegher, Raymond Libeert and Sophie Manigaert · Resignations: BV Liflax (director) and Michaël Huyghe (director) · Appointment: BV Sophie Manigart (director)10 facts ▸
General meeting, 01-06-2026
Director reappointment, VOF Dejaegher-Helaert (director)
Permanent representative, Didier Dejaegher
Director resignation, BV Liflax (director)
Director resignation, Michaël Huyghe (director)
Director reappointment, BV Liflax (director)
Permanent representative, Raymond Libeert
Director reappointment, Michaël Huyghe (director)
Director appointment, BV Sophie Manigart (director)
Permanent representative, Sophie Manigaert
16-06
NBB filingAnnual accounts filed
financial year 2025 · full format
16-02
Gazette deedResignation: Peter Van de Weyer (director)
Appointment: Liflax BV (chair of the board) · Permanent representative: Raymond Libeert5 facts ▸
General meeting, 23-01-2026
Director resignation, Peter Van de Weyer (director)
Board meeting, 23-01-2026
Director appointment, Liflax BV (chair of the board)
Permanent representative, Raymond Libeert
2025
25-09
Gazette deedAmendment of the articles
Share split · Capital · Power of attorney7 facts ▸
General meeting, 01-09-2025
Share split, “100 nieuwe aandelen voor 1 bestaand aandeel”, 1321800 (deed in Dutch)
Amendment of the articles, 5
Capital, €2,729,637.69
Amendment of the articles, 9
Power of attorney, Philippe Defauw
Power of attorney (2 times)
11-09
Gazette deedReappointment: Peter Van de Weyer (director)
4 facts ▸
General meeting, 29-08-2025
Director reappointment, Peter Van de Weyer (director)
Board meeting, 29-08-2025
Director reappointment, Peter Van de Weyer (chair of the board)
22-08
Gazette deedPermanent representatives: Lieve Cornelis and Line Vyvey
3 facts ▸
Board meeting, 30-06-2025
Permanent representative, Lieve Cornelis
Permanent representative, Line Vyvey
26-05
NBB filingAnnual accounts filed
financial year 2024 · full format
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.
15-10
Gazette deedReappointment: BV Liflax (director)
Permanent representative: Raymond Libeert · Appointments: EY Bedrijfsrevisoren BV (statutory auditor) and BV Liflax (afgevaardigd bestuurder)6 facts ▸
General meeting, 06-05-2024
Director reappointment, BV Liflax (director)
Permanent representative, Raymond Libeert
Auditor appointment, EY Bedrijfsrevisoren BV (statutory auditor)
Board meeting, 06-05-2024
Director appointment, BV Liflax (afgevaardigd bestuurder)
25-09
NBB filingAnnual accounts filed
financial year 2023 · full format · 56 days late
29-08
Gazette deedReappointment: BV Liflax (director)
Permanent representative: Raymond Libeert · Appointments: EY Bednjfsrevisoren BV (statutory auditor) and BV Liflax (afgevaardigd bestuurder)6 facts ▸
General meeting, 06-05-2024
Director reappointment, BV Liflax (director)
Permanent representative, Raymond Libeert
Auditor appointment, EY Bednjfsrevisoren BV (statutory auditor)
Board meeting, 06-05-2024
Director appointment, BV Liflax (afgevaardigd bestuurder)
15-01
Gazette deedAmendment of the articles · Name · Miscellaneous
Name change · Capital · Power of attorney8 facts ▸
General meeting, 12-12-2023
Amendment of the articles (2 times)
Name change, LIBECO
Other provision, “samenstelling,werking,besluitvorming,dagelijks bestuur, wijziging/nadere uitwerking bestuursorgaan en dagelijks bestuur” (deed in Dutch)
Other provision, “zeteladres niet langer in statuten, weglating” (deed in Dutch)
Capital, €2,729,637.69
Power of attorney
Shareholding, 20-02-2020, “artikel 2:8,§4 WVV” (deed in Dutch)
Show earlier events
2023
18-10
Gazette deedResignation: Yolo VOF (director)
Permanent representatives: Bart Vandamme and Adriaan de Leeuw · Director discharge5 facts ▸
General meeting, 18-08-2023
Director resignation, Yolo VOF (director)
Permanent representative, Bart Vandamme
Director discharge, Yolo VOF
Permanent representative, Adriaan de Leeuw
24-08
NBB filingAnnual accounts filed
financial year 2022 · full format · 24 days late
31-05
Gazette deedReappointments: Dejaegher-Helaert (director) and Yolo (director)
Permanent representatives: Didier Dejaegher, Bart Vandamme and Raymond Libeert7 facts ▸
General meeting, 02-05-2023
Director reappointment, Dejaegher-Helaert (director)
Director reappointment, Yolo (director)
Permanent representative, Didier Dejaegher
Permanent representative, Bart Vandamme
Director in office, LIFLAX (afgevaardigd bestuurder)
Permanent representative, Raymond Libeert
2022
31-12
FinancialEquity above €25mequity €26.8m ▲17.9%
A profit in every financial year since 2018 builds equity to €26.8m.
21-09
NBB filingAnnual accounts filed
financial year 2021 · full format · 52 days late
2021
31-12
FinancialHighest result from 2018 to 2025net €5.2m ▲48.9%
Net result €5.2m, the highest in the series.
26-05
NBB filingAnnual accounts filed
financial year 2020 · full format
2020
29-06
NBB filingAnnual accounts filed
financial year 2019 · full format
2019
28-05
NBB filingAnnual accounts filed
financial year 2018 · full format
2018
04-06
NBB filingAnnual accounts filed
financial year 2017 · full format
2017
23-05
NBB filingAnnual accounts filed
financial year 2016 · full format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 49 annual accounts filed, the latest 10 are here; all 49 are under Financials.
10 of 29 deeds read
About the unread acts
Of the 29 Belgian Official Gazette deeds we know for this company, 10 have been read. The other 19 have not been read yet: what they contain is neither established nor disproved here.
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Legal Entity Identifier
Legal Entity Identifier
An international code the company uses to identify itself on financial markets. Needed by anyone trading securities.
549300ZNWTS75Q7VQH21
live in the LEI register
Environmental permits
1 application in Flanders since 2021 · 1 granted
Bouwen of herbouwen; Het reliëf van de bodem aanmerkelijk wijzigen; Hoogstammige bomen vellen die geen deel uitmaken van een bos; Slopen van niet vrijstaande gebouwen of constructies; Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden
Granted on 28-06-2021submitted 08-03-2021authority: Tieltproject 2021027491
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
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.
Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
“Overdrachtsverklaring ingeschreven in register of ander wettelijk toegelaten middel, sanctie zoals nader gepreciseerd” (deed in Dutch)
“Aangetekend schrijven of andere vorm tegen afgifte van formele ontvangstbevestiging” (deed in Dutch)
“Verbod van bezwaring” (deed in Dutch)
“De Overdracht van de Aandelen van de andere Aandeelhouders zal plaatsvinden op de datum van de Overdracht van de Aandelen waarvan de…” (deed in Dutch)
“Referentieaandeelhouder heeft een onvoorwaardelijk recht om alle Aandelen die de desbetreffende Aandeelhouder bezit (de “Leaver Aandelen”)…” (deed in Dutch)
“Sancties, In dat geval zullen alle rechten verbonden aan de Overgedragen Aandelen (bijvoorbeeld stemrecht, dividendrechten, etc.) geschorst…” (deed in Dutch)
Other provisionsOther rules from the articles that fall under none of the themes above.
“Iedere aandeelhouder kan kennis nemen, aandelen op naam” (deed in Dutch)
Other provision: “Iedere persoon kan verzaken aan de oproeping en zal in ieder geval als regelmatig opgeroepen worden beschouwd als hij aanwezig of…” (deed in Dutch)