LIBEERT
ActiveLIBEERT has been active since 1969 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €14.65M and a net result of €4.12M. Equity is growing by ~27.4% per year across the filed fiscal years. Its solvency ranks better than 50% of 637 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
100
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability70▼-6
Solvency73▼-16
Growth78▲+3
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5M at 30 days acceptable
Liquidity ample (current ratio 1.52 against 1.84 in 2024), but 60.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Sector 10
higher
← 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
39.6%
Return on assets
11.1%
Age of the figures
16 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-05-2025 was due by 31-12-2025 and was filed on 13-11-2025, 48 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
48 d early
2024
255 d late
2023
51 d early
2022
44 d early
2021
52 d early
2020
56 d early
2019
54 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-05-2026 and is due by 31-12-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-05-2026 close15-09-2026 today31-12-2026 deadline
Financials · fiscal year 2025, full schema
Turnover
€65.31M▲ 29.5%
2024 · €50.45M
2019: €30.30M
2020: €31.64M
2021: €38.04M
2022: €37.03M
2023: €40.13M
2024: €50.45M
2019 → 2025
EBIT margin
7.9%▼ 1.4pp
2024 · 9.3%
2019: 3.6%
2020: 2.8%
2021: 8.3%
2022: 7.8%
2023: 3.4%
2024: 9.3%
2019 → 2025
Net result
€4.12M▲ 8.9%
2024 · €3.78M
2019: €895k
2020: €485k
2021: €2.50M
2022: €3.03M
2023: €1.10M
2024: €3.78M
2019 → 2025
Working capital
€9.23M▲ 49.2%
2024 · €6.19M
2019: €568k
2020: €1.16M
2021: €2.21M
2022: €3.71M
2023: €3.68M
2024: €6.19M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€38.04M-€37.03M▼ 2.7%€40.13M▲ 8.4%€50.45M▲ 25.7%€65.31M▲ 29.5%
Equity€4.68M-€7.41M▲ 58.4%€8.82M▲ 19.0%€10.78M▲ 22.3%€14.65M▲ 35.9%
Operating result€3.17M-€2.87M▼ 9.3%€1.37M▼ 52.1%€4.71M▲ 243%€5.16M▲ 9.4%
Net result€2.50M-€3.03M▲ 21.5%€1.10M▼ 63.6%€3.78M▲ 243%€4.12M▲ 8.9%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 9% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €37.02M
Fixed assets
€9.93M▲ 5.0%
Current assets
€27.09M▲ 100%
Equity and liabilities €37.02M
Equity
€14.65M▲ 35.9%
Provisions
€176k▼ 11.3%
Debt
€22.20M▲ 85.0%
The debt ratio rises from 52.2% to 60.0%: debt grows faster than equity.
Key figures and ratios
EBITDA
€6.87M▲
2024 · €6.41M
Cash flow
€5.84M▲
2024 · €5.48M
Solvency
39.6%▼
2024 · 46.9%
Current ratio
1.52▼
2024 · 1.84
Quick ratio
1.24▲
2024 · 1.17
Debt / equity
1.52▲
2024 · 1.11
ROE
28.1%▼
2024 · 35.1%
ROA
11.1%▼
2024 · 16.5%
Interest coverage
31.41▲
2024 · 23.22
Debt
€22.20M▲
2024 · €12.00M
Debt ≤ 1 year
€17.85M▲
2024 · €7.33M
Debt > 1 year
€2.75M▼
2024 · €3.22M
Income taxes
€975k▲
2024 · €785k
Staff costs
€8.76M▼
2024 · €8.93M
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€22.98M€37.02M▲
Fixed assets21/28€9.46M€9.93M▲
Tangible fixed assets22/27€9.45M€9.93M▲
Land and buildings22€2.23M€2.40M▲
Plant, machinery and equipment23€3.90M€3.66M▼
Furniture and vehicles24€76k€64k▼
Leasing and similar rights25€3.24M€2.84M▼
Assets under construction and advance payments27€4k€958k▲
Financial fixed assets28€14k€5k▼
Other financial fixed assets284/8€14k€5k▼
Amounts receivable and cash guarantees285/8€14k€5k▼
Current assets29/58€13.52M€27.09M▲
Stocks and contracts in progress3€4.94M€4.98M▲
Stocks30/36€4.94M€4.98M▲
Raw materials and consumables30/31€1.51M€2.76M▲
Finished goods33€3.29M€2.01M▼
Goods purchased for resale34€151k€204k▲
Amounts receivable within one year40/41€4.45M€13.84M▲
Trade receivables40€3.38M€10.36M▲
Other amounts receivable41€1.07M€3.48M▲
Current investments50/53-€7.83M
Other investments51/53-€7.83M
Cash at bank and in hand54/58€4.02M€249k▼
Deferred charges and accrued income490/1€106k€193k▲
Equity and liabilities
Total equity and liabilities10/49€22.98M€37.02M▲
Equity10/15€10.78M€14.65M▲
Contributions10/11€1.79M€1.79M=
Capital10€1.79M€1.79M=
Issued capital100€1.79M€1.79M=
Outside capital11€3k€3k=
Share premium1100/10€3k€3k=
Reserves13€8.23M€12.20M▲
Non-distributable reserves130/1€179k€179k=
Legal reserve130€179k€179k=
Tax-exempt reserves132€2.47M€2.48M▲
Distributable reserves133€5.58M€9.55M▲
Investment grants15€757k€652k▼
Provisions and deferred taxes16€199k€176k▼
Deferred taxes168€199k€176k▼
Amounts payable17/49€12.00M€22.20M▲
Amounts payable after more than one year17€3.22M€2.75M▼
Financial debts170/4€3.22M€2.75M▼
Subordinated loans170€214k€71k▼
Leasing and similar obligations172€1.78M€1.33M▼
Credit institutions173€1.22M€1.35M▲
Amounts payable within one year42/48€7.33M€17.85M▲
Current portion of amounts payable after more than one year42€913k€928k▲
Financial debts43€376k€84k▼
Credit institutions430/8€376k€84k▼
Trade debts44€4.39M€15.54M▲
Suppliers440/4€4.39M€15.54M▲
Taxes, remuneration and social security45€1.26M€1.14M▼
Taxes450/3€207k€88k▼
Remuneration and social security454/9€1.05M€1.06M▲
Other amounts payable47/48€388k€162k▼
Accrued charges and deferred income492/3€1.46M€1.59M▲
Income statement
Code20242025
Operating income70/76A€52.96M€65.51M▲
Turnover70€50.45M€65.31M▲
Change in stocks of work in progress, finished goods and contracts in progress71€1.57M€-1.45M▼
Other operating income74€937k€290k▼
Non-recurring operating income76A-€1.35M
Operating charges60/66A€48.24M€60.35M▲
Goods for resale, raw materials and consumables60€26.87M€35.98M▲
Purchases600/8€27.06M€37.19M▲
Change in stocks: decrease (increase)609€-189k€-1.21M▼
Services and other goods61€10.02M€10.24M▲
Remuneration, social security and pensions62€8.93M€8.76M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.70M€1.72M▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€379k€-268k▼
Other operating charges640/8€103k€107k▲
Non-recurring operating charges66A€235k€3.82M▲
Operating profit (loss)9901€4.71M€5.16M▲
Financial income75/76B€283k€354k▲
Recurring financial income75€283k€354k▲
Income from current assets751€117k€124k▲
Other financial income752/9€166k€230k▲
Financial charges65/66B€450k€435k▼
Recurring financial charges65€450k€435k▼
Debt charges650€276k€219k▼
Other financial charges652/9€174k€216k▲
Profit (loss) for the period before taxes9903€4.55M€5.07M▲
Transfer from deferred taxes780€22k€22k=
Income taxes67/77€785k€975k▲
Taxes670/3€808k€1.04M▲
Tax adjustments and reversals of tax provisions77€22k€63k▲
Profit (loss) for the period9904€3.78M€4.12M▲
Transfer from tax-exempt reserves789€67k€994k▲
Transfer to tax-exempt reserves689€1,000k€1,000k=
Profit (loss) for the period to be appropriated9905€2.85M€4.12M▲
Appropriation of the result
Profit (loss) to be appropriated9906€2.85M€4.12M▲
Transfer from equity791/2€1.84M-
From reserves792€1.84M-
Transfer to equity691/2€2.70M€3.97M▲
To other reserves6921€2.70M€3.97M▲
Profit to be distributed694/7€1.99M€150k▼
Return on contributions (dividend)694€1.99M€150k▼
Social balance
Average headcount (FTE)9087136.0136.8▲
The notes to these accounts (88 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
13-11
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
12-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 255 days late
31-05
Financial
Highest result since 2019net €4.12M ▲8.9%
Operating result €5.16M, net result €4.12M, both a record.
2024
31-05
Financial
Equity above €10MEq €10.78M ▲22.3%
6 profitable years in a row build equity to €10.78M.
2023
10-11
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2022
17-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
31-05
Financial
Equity above €5MEq €7.41M ▲58.4%
4 profitable years in a row build equity to €7.41M.
2021
09-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
05-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
31-05
Financial
Weakest financial yearnet €485k ▼45.9%
Net result drops to €485k, the lowest in the series; recovery starts the following year.
2019
07-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
08-11
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
13-11
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
17-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
26 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, Comines-Warneton · 2 establishment units since 1975
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.
Kastelenlaan(KOM) 107A7780 Comines-WarnetonGround area
2.0 ha
Building footprint
2,672 m²
Volume, LiDAR
2,212 m³
2 parcels, Wallonia · tallest building 4.7 m, ±1 floor. Linked by address, not a title deed.
2 establishment units
Libeert
since 19752.003.974.171
Logtech
since 20142.236.486.834
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 54002C0359/00H000 | Wallonia | 1.6 ha | 1 · 575 m² | 4.7 m · 1 fl. |
| 54002C0357/00Z000 | Wallonia | 3,818 m² | 1 · 2,097 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
2 sitesComines-Warneton/Komen-Waasten2.003.974.171
Comines-Warneton/Komen-Waasten2.236.486.834
Legal Entity Identifier
5493006JC1FX6JVLG012
Similar companies · same sector, comparable size
MENKEN
BE 0421.561.802
Aartselaar · Eq €14.61M
SWEET PRODUCTS
BE 0811.362.438
Brugge · Eq €14.57M
DE LAET INTERNATIONAL
BE 0430.198.760
Antwerpen · Eq €14.81M
BARONIE PRODUCTIE
BE 0436.303.129
Brugge · Eq €13.16M
CONFISERIE DE BIE - L'ABEILLE TREFIN
BE 0400.120.050
Lokeren · Eq €12.90M
Of 723 companies in sector 10820 we hold annual accounts for 350. 72 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-06-1969
Fiscal year end31-05
Activities, NACEBEL
10820Manufacture of cocoa, chocolate and sugar confectionery
46360Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 48 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
3 entriesGeneral meetings
1 convocationOrdinary general meeting
Agenda
1. Verslag raad van bestuur en commissaris-revisor. 2. Goedkeuring jaarrekening afgesloten op 31 mei 2009, inclusief de toewijzing van het resultaat. 3. Kwijting aan bestuurders en commissaris revisor. 4. Varia. Zich richten naar de statuten. De raad van bestuur. (AOPC-1-9-06014/ 14.10)