LIBEERT
ActiveSummary
LIBEERT has been active since 1969 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €14.6m and a net result of €4.1m. Equity is growing by about 27% per year across the filed financial years. Its solvency ranks better than 50% of 788 sector peers (NACE 10, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
Activity
Manufacture of cocoa, chocolate and sugar confectionery
NACE 10820
2nd oldest company in Comines-Warneton, Manufacturing sector2 sites
Size
€65.3mturnover 2025
- Staff
- 136.8 FTE
- Equity
- €14.6m
- Profit
- €4.1m
Structure
- Parent
- ILICO · 100%
- Board
- 7 members
- MTIChair · permanent representative KEERIS Bruno
Auditor: FinvisionBedrijfsrevisorenAntwerpenBV2025 accounts 48 days early5 of 27 deeds summarised
Why 84raises riskLiquidity: current ratio 1.52, cash €248,790, halvedSector: Manufacture of food products (NACE 10)lowers riskFounded in 1969Size: turnover €65.3m, 136.8 FTE, total assets €37.0mShow the evidence
Checked score
Score 2025
84
/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 61% of its sector peers (NACE 10, medium-sized)
Financial strength · tick = 2024
Average
Solvency
65-7
equity 39.6% of total assets
Liquidity
27-31
short-term debt 48.2% · cash 0.7%
Profitability
76-7
return on assets 11.1%
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.2%lowest value
12-2024: 0.3%▲ +0.1 percentage points vs 11-2024
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 0.3%● unchanged vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.4%▲ +0.1 percentage points vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.4%● unchanged vs 06-2026
08-2026: 0.4%● unchanged vs 07-2026
09-2026: 0.4%● unchanged vs 08-2026
10-2026: 0.4%● unchanged vs 09-2026highest value
Credit of up to €1,200,000 on 30-day terms is acceptable
Liquidity ample (current ratio 1.52, compared with 1.84 in 2024, above the usual 1.5; short-term debt: 48.2% and cash: 0.7% of total assets), but 60.4% 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 10, medium-sized): better than 48% on solvency, 27% on liquidity, 74% on profitability and 93% on growth.
The bankruptcy probability was computed on 30-10-2026 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).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
Five signals.
lowers riskraises riskneutral
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 days early
2024
255 days late
2023
51 days early
2022
44 days early
2021
52 days early
2020
56 days early
2019
54 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 7 days before the deadline; the sector median (NACE 10) for financial year 2024 is 4 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 31-05-2026 is due by 31-12-2026. Nothing is late today. The company usually files around 13 November (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
31-05-2026 year end31-10-2026 today31-12-2026 deadline
- Annual accounts filedfinancial year 2025 · full…
- Annual accounts filedfinancial year 2024 · full…
- Highest result from 2019 to 2025net €4.1m ▲8.9%
Financials · financial year 2025, full format
In the rankings
#2 oldest company in Comines-Warneton, Manufacturing sector#4 company by total assets in Comines-Warneton, Manufacturing sector#4 company by equity in Comines-Warneton, Manufacturing sector
Turnover
€65.3m▲ 29.5%
2024 · €50.4m
EBIT margin
7.9%▼ 1.4pp
2024 · 9.3%
Net result
€4.1m▲ 8.9%
2024 · €3.8m
Working capital
€9.2m▲ 49.2%
2024 · €6.2m
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 9% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€65.3m
2025
Operating result€5.2m
2025
Net result€4.1m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€37.0m
2025
Equity€14.6m
2025
Debt€22.2m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€9.2m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin7.9%
2025
Return on assets (ROA)11.1%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency39.6%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.52
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)136.8
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 10, Manufacture of food products: 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
favourable
unfavourable
Line2019202020212022202320242025
Turnover€30.3m-€31.6m▲ 4.4%€38.0m▲ 20.2%€37.0m▼ 2.7%€40.1m▲ 8.4%€50.4m▲ 25.7%€65.3m▲ 29.5%
Operating result€1.1m-€0.9m▼ 17.8%€3.2m▲ 255%€2.9m▼ 9.3%€1.4m▼ 52.1%€4.7m▲ 243%€5.2m▲ 9.4%
Net result€0.9m-€0.5mwithin the sector's middle half▼ 45.9%€2.5mabove the sector's middle half▲ 415%€3.0mabove the sector's middle half▲ 21.5%€1.1mabove the sector's middle half▼ 63.6%€3.8mabove the sector's middle half▲ 243%€4.1mabove the sector's middle half▲ 8.9%
EBIT margin3.6%-2.8%▼ 0.8pp8.3%▲ 5.5pp7.8%▼ 0.6pp3.4%▼ 4.3pp9.3%▲ 5.9pp7.9%▼ 1.4pp
Equity€2.5m-€2.7mwithin the sector's middle half▲ 9.2%€4.7mwithin the sector's middle half▲ 74.2%€7.4mabove the sector's middle half▲ 58.4%€8.8mabove the sector's middle half▲ 19.0%€10.8mabove the sector's middle half▲ 22.3%€14.6mabove the sector's middle half▲ 35.9%
Total assets€13.2m-€13.7mwithin the sector's middle half▲ 4.1%€14.7mwithin the sector's middle half▲ 7.2%€16.4mwithin the sector's middle half▲ 11.5%€19.8mabove the sector's middle half▲ 21.1%€23.0mabove the sector's middle half▲ 15.8%€37.0mabove the sector's middle half▲ 61.1%
Debt€10.7m-€10.9m▲ 1.4%€10.0m▼ 7.7%€8.8m▼ 12.6%€10.8m▲ 23.4%€12.0m▲ 11.0%€22.2m▲ 85.0%
Working capital€0.6m-€1.2mwithin the sector's middle half▲ 104%€2.2mwithin the sector's middle half▲ 90.9%€3.7mabove the sector's middle half▲ 67.9%€3.7mabove the sector's middle half▼ 0.8%€6.2mabove the sector's middle half▲ 68.2%€9.2mabove the sector's middle half▲ 49.2%
Solvency18.7%-19.6%within the sector's middle half▲ 0.9pp31.8%within the sector's middle half▲ 12.2pp45.2%within the sector's middle half▲ 13.4pp44.4%within the sector's middle half▼ 0.8pp46.9%within the sector's middle half▲ 2.5pp39.6%within the sector's middle half▼ 7.3pp
Current ratio1.09-1.19within the sector's middle half▲ 0.091.36within the sector's middle half▲ 0.171.67within the sector's middle half▲ 0.311.60within the sector's middle half▼ 0.071.84within the sector's middle half▲ 0.251.52within the sector's middle half▼ 0.33
Return on assets (ROA)6.8%-3.5%within the sector's middle half▼ 3.3pp17.0%above the sector's middle half▲ 13.4pp18.5%above the sector's middle half▲ 1.5pp5.6%within the sector's middle half▼ 12.9pp16.5%above the sector's middle half▲ 10.9pp11.1%above the sector's middle half▼ 5.3pp
Staff (FTE)131.3-126.4above the sector's middle half▼ 3.7%127.8above the sector's middle half▲ 1.1%132.2above the sector's middle half▲ 3.4%134above the sector's middle half▲ 1.4%136above the sector's middle half▲ 1.5%136.8above the sector's middle half▲ 0.6%
above
within
below
the middle half of NACE 10, Manufacture of food products: 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 €37.0m
Fixed assets
€9.9m ▲ 5.0%
Current assets
€27.1m ▲ 100%
Equity and liabilities €37.0m
Equity
€14.6m ▲ 35.9%
Provisions
€176,398 ▼ 11.3%
Debt
€22.2m ▲ 85.0%
Debt's share of the balance-sheet total rises from 52.2% to 60.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€6.9m▲
2024 · €6.4m
Cash flow
€5.8m▲
2024 · €5.5m
Quick ratio
1.24▲
2024 · 1.17
Debt to equity
1.52▲
2024 · 1.11
ROE
28.1%▼
2024 · 35.1%
Interest coverage
31.41▲
2024 · 23.22
Debt ≤ 1 year
€17.9m▲
2024 · €7.3m
Debt > 1 year
€2.7m▼
2024 · €3.2m
Income taxes
€975,368▲
2024 · €785,344
Staff costs
€8.8m▼
2024 · €8.9m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,579 companies that looked in July 2024 the way this one looks now, 0.1% went bankrupt within 24 months and 96.7% are still going.
- Medium-sized
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.1%
went bankrupt
3.2%
stopped otherwise
96.7%
still going
For this company itself Checked computes a bankruptcy probability of 0.4% 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%.
| 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 1,579 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
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €36.7m | €41.0m | €53.0m | €65.5m | ▲ 23.7% |
| Turnover70 | €30.3m | €31.6m | €38.0m | €37.0m | €40.1m | €50.4m | €65.3m | ▲ 29.5% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | - | - | -€0.9m | €0.6m | €1.6m | -€1.4m | - |
| Other operating income74 | - | - | - | €0.3m | €0.3m | €0.9m | €0.3m | ▼ 69.0% |
| Non-recurring operating income76A | - | - | - | €0.3m | €0.02m | - | €1.4m | - |
| Operating charges60/66A | - | - | - | €33.9m | €39.7m | €48.2m | €60.3m | ▲ 25.1% |
| Goods for resale, raw materials and consumables60 | - | - | - | €17.4m | €20.7m | €26.9m | €36.0m | ▲ 33.9% |
| Purchases600/8 | - | - | - | €17.6m | €21.1m | €27.1m | €37.2m | ▲ 37.4% |
| Change in stocks: decrease (increase)609 | - | - | - | -€0.2m | -€0.5m | -€0.2m | -€1.2m | ▼ 539% |
| Services and other goods61 | - | - | - | €7.8m | €9.4m | €10.0m | €10.2m | ▲ 2.1% |
| Remuneration, social security and pensions62 | - | - | - | €7.3m | €7.8m | €8.9m | €8.8m | ▼ 2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1.0m | €1.1m | €1.1m | €1.2m | €1.3m | €1.7m | €1.7m | ▲ 1.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€0.03m | €0.2m | €0.4m | -€0.3m | - |
| Other operating charges640/8 | - | - | - | €0.08m | €0.09m | €0.1m | €0.1m | ▲ 3.1% |
| Non-recurring operating charges66A | - | - | - | €0.1m | €0.2m | €0.2m | €3.8m | ▲ 16× |
| Operating profit (loss)9901 | €1.1m | €0.9m | €3.2m | €2.9m | €1.4m | €4.7m | €5.2m | ▲ 9.4% |
| Financial income75/76B | - | - | - | €1.0m | €0.2m | €0.3m | €0.4m | ▲ 25.0% |
| Recurring financial income75 | €0.4m | €0.07m | €0.1m | €0.1m | €0.2m | €0.3m | €0.4m | ▲ 25.0% |
| Income from current assets751 | - | - | - | €0.008m | €0.03m | €0.1m | €0.1m | ▲ 6.0% |
| Other financial income752/9 | - | - | - | €0.1m | €0.1m | €0.2m | €0.2m | ▲ 38.3% |
| Non-recurring financial income76B | - | - | - | €0.9m | - | - | - | - |
| Financial charges65/66B | - | - | - | €0.3m | €0.3m | €0.4m | €0.4m | ▼ 3.3% |
| Recurring financial charges65 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.4m | €0.4m | ▼ 3.3% |
| Debt charges650 | €0.2m | €0.2m | €0.2m | €0.1m | €0.2m | €0.3m | €0.2m | ▼ 20.7% |
| Other financial charges652/9 | - | - | - | €0.1m | €0.1m | €0.2m | €0.2m | ▲ 24.3% |
| Profit (loss) for the period before taxes9903 | €1.2m | €0.7m | €3.0m | €3.6m | €1.2m | €4.5m | €5.1m | ▲ 11.6% |
| Transfer from deferred taxes780 | - | - | - | - | €0.003m | €0.02m | €0.02m | = |
| Transfer to deferred taxes680 | - | - | - | €0.2m | - | - | - | - |
| Income taxes67/77 | €0.3m | €0.2m | €0.5m | €0.3m | €0.1m | €0.8m | €1.0m | ▲ 24.2% |
| Taxes670/3 | - | - | - | €0.4m | €0.1m | €0.8m | €1.0m | ▲ 28.6% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €0.07m | - | €0.02m | €0.06m | ▲ 183% |
| Profit (loss) for the period9904 | €0.9m | €0.5m | €2.5m | €3.0m | €1.1m | €3.8m | €4.1m | ▲ 8.9% |
| Transfer from tax-exempt reserves789 | - | - | - | €0.02m | €2.3m | €0.07m | €1.0m | ▲ 15× |
| Transfer to tax-exempt reserves689 | - | - | - | €2.8m | - | €1.0m | €1.0m | = |
| Profit (loss) for the period to be appropriated9905 | €0.9m | €0.5m | €1.4m | €0.3m | €3.4m | €2.9m | €4.1m | ▲ 44.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €13.2m | €13.7m | €14.7m | €16.4m | €19.8m | €23.0m | €37.0m | ▲ 61.1% |
| Fixed assets21/28 | €6.5m | €6.3m | €6.3m | €7.1m | €10.0m | €9.5m | €9.9m | ▲ 5.0% |
| Intangible fixed assets21 | €0.01m | €0.006m | €0.004m | €0.002m | €125 | - | - | - |
| Tangible fixed assets22/27 | €6.2m | €6.3m | €6.3m | €7.1m | €10.0m | €9.5m | €9.9m | ▲ 5.1% |
| Land and buildings22 | - | - | - | €2.0m | €1.9m | €2.2m | €2.4m | ▲ 7.6% |
| Plant, machinery and equipment23 | - | - | - | €2.9m | €4.2m | €3.9m | €3.7m | ▼ 6.1% |
| Furniture and vehicles24 | - | - | - | €0.05m | €0.04m | €0.08m | €0.06m | ▼ 15.8% |
| Leasing and similar rights25 | - | - | - | €1.2m | €3.6m | €3.2m | €2.8m | ▼ 12.2% |
| Assets under construction and advance payments27 | - | - | - | €0.9m | €0.1m | €0.004m | €1.0m | ▲ 226× |
| Financial fixed assets28 | €0.3m | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | €0.005m | ▼ 66.6% |
| Other financial fixed assets284/8 | - | - | - | €0.01m | €0.01m | €0.01m | €0.005m | ▼ 66.6% |
| Amounts receivable and cash guarantees285/8 | - | - | - | €0.01m | €0.01m | €0.01m | €0.005m | ▼ 66.6% |
| Current assets29/58 | €6.7m | €7.4m | €8.4m | €9.3m | €9.8m | €13.5m | €27.1m | ▲ 100% |
| Stocks and contracts in progress3 | €3.5m | €2.6m | €3.3m | €2.7m | €3.5m | €4.9m | €5.0m | ▲ 0.7% |
| Stocks30/36 | - | - | - | €2.7m | €3.5m | €4.9m | €5.0m | ▲ 0.7% |
| Raw materials and consumables30/31 | - | - | - | €1.2m | €1.7m | €1.5m | €2.8m | ▲ 83.1% |
| Finished goods33 | - | - | - | €1.4m | €1.8m | €3.3m | €2.0m | ▼ 38.7% |
| Goods purchased for resale34 | - | - | - | €0.1m | €0.08m | €0.2m | €0.2m | ▲ 35.2% |
| Amounts receivable within one year40/41 | €2.5m | €3.8m | €4.1m | €4.5m | €5.0m | €4.4m | €13.8m | ▲ 211% |
| Trade receivables40 | - | - | - | €2.8m | €3.3m | €3.4m | €10.4m | ▲ 207% |
| Other amounts receivable41 | - | - | - | €1.6m | €1.7m | €1.1m | €3.5m | ▲ 224% |
| Current investments50/53 | - | - | - | - | €0 | - | €7.8m | - |
| Other investments51/53 | - | - | - | - | €0 | - | €7.8m | - |
| Cash at bank and in hand54/58 | €0.5m | €0.8m | €0.7m | €1.9m | €1.2m | €4.0m | €0.2m | ▼ 93.8% |
| Deferred charges and accrued income490/1 | - | - | - | €0.2m | €0.1m | €0.1m | €0.2m | ▲ 83.3% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €13.2m | €13.7m | €14.7m | €16.4m | €19.8m | €23.0m | €37.0m | ▲ 61.1% |
| Equity10/15 | €2.5m | €2.7m | €4.7m | €7.4m | €8.8m | €10.8m | €14.6m | ▲ 35.9% |
| Contributions10/11 | €1.8m | €1.8m | €1.8m | €1.8m | €1.8m | €1.8m | €1.8m | = |
| Capital10 | - | - | - | €1.8m | €1.8m | €1.8m | €1.8m | = |
| Issued capital100 | - | - | - | €1.8m | €1.8m | €1.8m | €1.8m | = |
| Contributions outside capital11 | - | - | - | €0.003m | €0.003m | €0.003m | €0.003m | = |
| Share premium1100/10 | - | - | - | €0.003m | €0.003m | €0.003m | €0.003m | = |
| Reserves13 | €0.4m | €0.4m | €1.5m | €4.2m | €6.4m | €8.2m | €12.2m | ▲ 48.3% |
| Non-distributable reserves130/1 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Legal reserve130 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Tax-exempt reserves132 | - | - | - | €3.9m | €1.5m | €2.5m | €2.5m | ▲ 0.3% |
| Distributable reserves133 | - | - | - | €0.1m | €4.7m | €5.6m | €9.5m | ▲ 71.1% |
| Profit (loss) carried forward14 | €0.2m | €0.1m | €1.1m | €1.1m | €0 | - | - | - |
| Investment grants15 | - | - | - | €0.3m | €0.6m | €0.8m | €0.7m | ▼ 13.9% |
| Provisions and deferred taxes16 | - | €0.2m | - | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 11.3% |
| Deferred taxes168 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 11.3% |
| Amounts payable17/49 | €10.7m | €10.9m | €10.0m | €8.8m | €10.8m | €12.0m | €22.2m | ▲ 85.0% |
| Amounts payable after more than one year17 | €4.2m | €4.1m | €3.4m | €2.8m | €3.9m | €3.2m | €2.7m | ▼ 14.6% |
| Financial debts170/4 | - | - | - | €2.8m | €3.9m | €3.2m | €2.7m | ▼ 14.6% |
| Subordinated loans170 | - | - | - | €0.6m | €0.4m | €0.2m | €0.07m | ▼ 66.7% |
| Leasing and similar obligations172 | - | - | - | €0.6m | €2.2m | €1.8m | €1.3m | ▼ 25.3% |
| Credit institutions173 | - | - | - | €1.5m | €1.2m | €1.2m | €1.3m | ▲ 10.1% |
| Amounts payable within one year42/48 | €6.1m | €6.2m | €6.2m | €5.6m | €6.2m | €7.3m | €17.9m | ▲ 144% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.7m | €0.9m | €0.9m | €0.9m | ▲ 1.7% |
| Financial debts43 | - | - | - | €0.6m | €0.4m | €0.4m | €0.08m | ▼ 77.7% |
| Credit institutions430/8 | - | - | - | €0.6m | €0.4m | €0.4m | €0.08m | ▼ 77.7% |
| Trade debts44 | €3.5m | €3.5m | €2.9m | €3.0m | €3.9m | €4.4m | €15.5m | ▲ 254% |
| Suppliers440/4 | - | - | - | €3.0m | €3.9m | €4.4m | €15.5m | ▲ 254% |
| Taxes, remuneration and social security45 | - | - | - | €1.0m | €1.0m | €1.3m | €1.1m | ▼ 9.2% |
| Taxes450/3 | - | - | - | €0.09m | €0.06m | €0.2m | €0.09m | ▼ 57.6% |
| Remuneration and social security454/9 | - | - | - | €0.9m | €0.9m | €1.1m | €1.1m | ▲ 0.2% |
| Other amounts payable47/48 | - | - | - | €0.2m | €0 | €0.4m | €0.2m | ▼ 58.2% |
| Accrued charges and deferred income492/3 | - | - | - | €0.4m | €0.8m | €1.5m | €1.6m | ▲ 9.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.9m | €0.5m | €2.5m | €3.0m | €1.1m | €3.8m | €4.1m | ▲ 8.9% |
| + Depreciation and write-downs630 | €1.0m | €1.1m | €1.1m | €1.2m | €1.3m | €1.7m | €1.7m | ▲ 1.3% |
| Operating cash flow (approximation) | €1.9m | €1.6m | €3.6m | €4.2m | €2.4m | €5.5m | €5.8m | ▲ 6.6% |
| Investment in fixed assets (approximation) | - | -€0.9m | -€1.1m | -€2.0m | -€4.2m | -€1.2m | -€2.2m | ▼ 88.1% |
| Change in cash | - | €0.3m | -€0.1m | €1.2m | -€0.7m | €2.8m | -€3.8m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 48 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-05-2025 | full format | 13-11-2025 | 2025-00565755 |
| 31-05-2024 | full format | 12-09-2025 | 2025-00489952 |
| 31-05-2023 | full format | 10-11-2023 | 2023-00509758 |
| 31-05-2022 | full format | 17-11-2022 | 2022-20521747 |
| 31-05-2021 | full format | 09-11-2021 | 2021-76800155 |
| 31-05-2020 | full format | 05-11-2020 | 2020-68800546 |
| 31-05-2019 | full format | 07-11-2019 | 2019-73400380 |
| 31-05-2018 | full format | 08-11-2018 | 2018-71800035 |
| 31-05-2017 | full format | 13-11-2017 | 2017-69500518 |
| 31-05-2016 | full format | 17-11-2016 | 2016-67900251 |
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Of the 724 active companies whose main activity is manufacture of cocoa, chocolate and sugar confectionery (NACE 10820), figures are known for 364. 74 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
under verification, last change in 2024
This board is reconstructed from a single act (24341061). 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.
Board 7
MTI
CurrentChair of the board · since 02-11-2022 · Director (not named in the articles) · since 02-11-2022 · Private limited company · permanent representative: KEERIS Bruno
AGRUCO
CurrentDirector (not named in the articles) · since 25-01-2024 · Private limited company · permanent representative: GRUGEON Peter
ARVICO
CurrentDirector (not named in the articles) · since 25-01-2024 · Private limited company · permanent representative: LIBEERT Désirée
Blue Tree
CurrentDirector (not named in the articles) · since 25-01-2024 · Private limited company · permanent representative: LIBEERT Lily
CSCI
CurrentDirector (not named in the articles) · since 25-01-2024 · Private limited company · permanent representative: LIBEERT Georges
LIBCONFCO
CurrentDirector (not named in the articles) · since 25-01-2024 · Private limited company · permanent representative: LIBEERT Jerome
The White Engine
CurrentDirector (not named in the articles) · since 25-01-2024 · Private limited company · permanent representative: STEVENS Pierre
Permanent representatives 7
KEERIS Bruno
CurrentPermanent representative · since 02-11-2022 · for MTI
GRUGEON Peter
CurrentPermanent representative · since 25-01-2024 · for AGRUCO
LIBEERT Désirée
CurrentPermanent representative · since 25-01-2024 · for ARVICO
LIBEERT Georges
CurrentPermanent representative · since 25-01-2024 · for CSCI
LIBEERT Jerome
CurrentPermanent representative · since 25-01-2024 · for LIBCONFCO
LIBEERT Lily
CurrentPermanent representative · since 25-01-2024 · for Blue Tree
STEVENS Pierre
CurrentPermanent representative · since 25-01-2024 · for The White Engine
Statutory auditor 1
FinvisionBedrijfsrevisorenAntwerpenBV
CurrentStatutory auditor · since 19-12-2024 · permanent representative: KarelNijs
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ.
See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
22 of this company's 27 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
13 people since 2022, 8 in office
- Board
- Day-to-day management
- Statutory auditor
- began earlier
| Name | Functions and periods |
|---|---|
| AGRUCO |
|
| The White Engine |
|
| MTI |
|
| ARVICO |
|
| Blue Tree |
|
| CSCI |
|
| LIBCONFCO |
|
| FinvisionBedrijfsrevisorenAntwerpenBV |
|
| ADVS |
|
| ILICO |
|
| SB STRAT |
|
| SPARAXIS |
|
| GENOS |
|
Owners and capital
Owners
2 ownersChain of control
- ILICO
- LIBEERT
Highest known parent: ILICO. The sources do not say who stands above it.
Owners 2
- ILICOparent100%
- 12.5%
Sources: the companies' annual accounts, 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 over the years
- 25-01-2024 Capital stated in the deed · €1,790,000 · 3,784 shares
Group and network
Connections & network
11 connected companiesThis company
Company
Director
Shareholding
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History
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2025
13-11
NBB filing
Annual accounts filed
financial year 2025 · full format
12-09
NBB filing
Annual accounts filed
financial year 2024 · full format · 255 days late
31-05
Financial
Highest result from 2019 to 2025net €4.1m ▲8.9%
Operating result €5.2m, net result €4.1m, both a record.
07-05
Gazette deed
Reappointment: FinvisionBedrijfsrevisorenAntwerpenBV (statutory auditor)Permanent representative: KarelNijs4 facts ▸
Gazette deed
Reappointment: FinvisionBedrijfsrevisorenAntwerpenBV (statutory auditor)
Permanent representative: KarelNijs4 facts ▸
- General meeting, 19-12-2024
- Auditor reappointment, FinvisionBedrijfsrevisorenAntwerpenBV (statutory auditor)
- Permanent representative, KarelNijs (représentantpermanent)
- Director in office, CSCISRL (administrateurdélégué)
2024
31-05
Financial
Equity above €10mequity €10.8m ▲22.3%
A profit in every financial year since 2019 builds equity to €10.8m.
25-01
Gazette deed
Resignations: ILICO, SPARAXIS and 8 othersPermanent representatives: Libeert Ignace, GILLET Sébastien and 8 others · Appointments: CSCI, BLUE TREE and 5 others · Amendment of the articles42 facts ▸
Gazette deed
Resignations: ILICO, SPARAXIS and 8 others
Permanent representatives: Libeert Ignace, GILLET Sébastien and 8 others · Appointments: CSCI, BLUE TREE and 5 others · Amendment of the articles42 facts ▸
- General meeting, 12-12-2023
- Amendment of the articles (2 times)
- Capital, €1,790,000
- Director resignation, ILICO (director)
- Director resignation, SPARAXIS (director)
- Director resignation, CSCI (director)
- Director resignation, BLUE TREE (director)
- Director resignation, AGRUCO (director)
- Director resignation, THE WHITE ENGINE (director)
- Permanent representative, Libeert Ignace
- Permanent representative, GILLET Sébastien
- Permanent representative, LIBEERT Georges
- +30 further facts in this act
2023
10-11
NBB filing
Annual accounts filed
financial year 2023 · full format
2022
27-12
Gazette deed
Reappointment: MTI SRL (director)Appointment: MTI SRL (chair of the board) · Permanent representative: Bruno Keeris · Resignation: Genos SRL (director)6 facts ▸
Gazette deed
Reappointment: MTI SRL (director)
Appointment: MTI SRL (chair of the board) · Permanent representative: Bruno Keeris · Resignation: Genos SRL (director)6 facts ▸
- General meeting, 02-11-2022
- Director reappointment, MTI SRL (director)
- Director appointment, MTI SRL (chair of the board)
- Permanent representative, Bruno Keeris
- Director resignation, Genos SRL (director)
- Director in office, CSCI SRL (managing director)
17-11
NBB filing
Annual accounts filed
financial year 2022 · full format
27-07
Gazette deed
Appointments: SRL AGRUCO (director) and SRL THE WHITE ENGINE (director)Permanent representatives: Peter Grugeon and Pierre Stevens5 facts ▸
Gazette deed
Appointments: SRL AGRUCO (director) and SRL THE WHITE ENGINE (director)
Permanent representatives: Peter Grugeon and Pierre Stevens5 facts ▸
- Board meeting, 30-06-2022
- Director appointment, SRL AGRUCO (director)
- Permanent representative, Peter Grugeon
- Director appointment, SRL THE WHITE ENGINE (director)
- Permanent representative, Pierre Stevens
31-05
Financial
Equity above €5mequity €7.4m ▲58.4%
A profit in every financial year since 2019 builds equity to €7.4m.
23-05
Gazette deed
Appointments: SRL AdvS (member of the executive committee) and SRL SB Strat (member of the executive committee)Permanent representative: Samuel Blanckaert4 facts ▸
Gazette deed
Appointments: SRL AdvS (member of the executive committee) and SRL SB Strat (member of the executive committee)
Permanent representative: Samuel Blanckaert4 facts ▸
- Board meeting, 31-03-2022
- Director appointment, SRL AdvS (member of the executive committee)
- Director appointment, SRL SB Strat (member of the executive committee)
- Permanent representative, Samuel Blanckaert (2 times)
Show earlier events
2021
09-11
NBB filing
Annual accounts filed
financial year 2021 · full format
2020
05-11
NBB filing
Annual accounts filed
financial year 2020 · full format
31-05
Financial
Weakest financial yearnet €484,701 ▼45.9%
Net result drops to €484,701, the lowest in the series; recovery starts the following year.
2019
07-11
NBB filing
Annual accounts filed
financial year 2019 · full format
2018
08-11
NBB filing
Annual accounts filed
financial year 2018 · full format
2017
13-11
NBB filing
Annual accounts filed
financial year 2017 · full format
2016
17-11
NBB filing
Annual 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 48 annual accounts filed, the latest 10 are here; all 48 are under Financials.
5 of 27 deeds read
About the unread acts
Of the 27 Belgian Official Gazette deeds we know for this company, 5 have been read. The other 22 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Register details
Identification
Legal formPublic limited company
Founded01-06-1969
Financial year end31-05
Activities, NACEBEL 2025
10820Manufacture of cocoa, chocolate and sugar confectionery
46360Wholesale trade
Contact
Website
www.libeert.comComines-Warneton
Phone
056 56 05 05Comines-Warneton
Fax
056 58 79 99Comines-Warneton
E-invoicing
Reachable via Peppol
Peppol ID
0208:0407026747
Registered
08-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 31 October 2026 · Peppol Directory
General meetings
1 meeting noticeOrdinary 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)
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Food safety, FASFC
2 sitesComines-Warneton/Komen-Waastenunit no. 2.003.974.171
Comines-Warneton/Komen-Waastenunit no. 2.236.486.834
Legal Entity Identifier
5493006JC1FX6JVLG012
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Comines-Warneton · 2 establishment units since 1975
Ground area
2.0 ha
Building footprint
2,672 m²
Building volume
2,212 m³
2 parcels, Wallonia · tallest building 4.7 m. Linked by address, not a title deed.
2 establishment units
Libeert
since 1975unit no. 2.003.974.171
Logtech
since 2014unit no. 2.236.486.834
2 parcels
Wallonia
2
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 54002C0359/00H000 | Wallonia | 1.6 ha | 1 · 575 m² | 4.7 m · 1 |
| 54002C0357/00Z000 | Wallonia | 3,818 m² | 1 · 2,097 m² | - |
How the parcels are linked
Good to know
Both parcels match the address exactly.
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “La fabrication et la vente de produits chocolatiers, autres articles de confiserie et produits alimentaires; Le négoce et la fabrication…” (deed in French)
10 activities (deed in French)
- La fabrication et la vente de produits chocolatiers, autres articles de confiserie et produits alimentaires.
- Le négoce et la fabrication d’articles cadeaux et de fleurs artificielles.
- Exécuter des tâches logistiques pour de tierces sociétés, l'entreposage de produits finis tant pour le propre compte que pour le compte d'autrui, réceptionner des matières premières et autres matières consommables et fournitures, le conditionnement de marchandises pour l'expédition, la préparation de commandes sur ordre, l'assistance matérielle pour l'organisation d'activités promotionnelles, le traitement de la production pour le compte de tiers, l'optimalisation en fonction de différents critères à décider en concertation, l'expédition de marchandises, l'achat et la vente de divers lots de marchandises en gestion directe.
- Conseil, commerce, installation et soutien en rapport avec: le matériel et le logiciel informatique
- Conseil, commerce, installation et soutien en rapport avec: la télécommunication
- Conseil, commerce, installation et soutien en rapport avec: projets d'automatisation
- Achat et vente de textiles divers, d'articles de décoration et de mobiliers divers.
- Achat et vente de jouets et produits similaires.
- La gestion, l'acquisition, l'achat et la vente, la location, la conservation et la valorisation de biens immobiliers, ainsi que toutes les opérations qui ont un rapport direct ou indirect avec le présent objet et qui sont de nature à favoriser le rendement des biens immobiliers, tel que l'entretien, le développement, l’embellissement et la location de ces biens.
- Fournir des prestations de nature économique, tant en gestion directe qu’en participation avec des tiers ; font partie de ces prestations la consultation technique, l’assistance dans le domaine de l’engineering, la gestion et le conseil techniques, commerciaux, administratifs et financiers.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- LIBEERT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, tout endroit de la Région de Bruxelles-Capitale ou de la région de langue française de Belgique” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- 2 provisions in the deed
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Comme en matière de modification aux statuts, assemblée générale” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed