LIBEL
ActiveSummary
LIBEL has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €61,660 and a net result of -€7,366. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 62% of 18606 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability62▼-38
Solvency73▲+2
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity tight (current ratio 1.37 against 1.59 in 2024; short-term debt: 45.2% and cash: 9.7% of total assets), and 51.9% of the assets are financed with debt.
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Signals
Six 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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
48.1%
Return on assets
-5.7%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
34 d early
2023
32 d early
2022
33 d early
2021
23 d early
2020
24 d early
2019
4 d 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 24 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€61,660▼ 10.7%
2024 · €69,026
Total assets
€128,164▼ 13.8%
2024 · €148,714
Net result
-€7,366
2024 · €51,754
Working capital
€21,291▼ 38.4%
2024 · €34,562
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
favourable
unfavourable
Line20212022202320242025
Operating result-€13,487€10,995€16,928▲ 54.0%€51,686▲ 205%-€6,513
Net result-€13,566below the sector's middle half€13,282within the sector's middle half€16,378within the sector's middle half▲ 23.3%€51,754above the sector's middle half▲ 216%-€7,366below the sector's middle half
Equity-€12,388below the sector's middle half€893below the sector's middle half€17,271within the sector's middle half▲ 1,834%€69,026within the sector's middle half▲ 300%€61,660within the sector's middle half▼ 10.7%
Total assets€69,509within the sector's middle half▲ 2.7%€75,407within the sector's middle half▲ 8.5%€92,181within the sector's middle half▲ 22.2%€148,714within the sector's middle half▲ 61.3%€128,164within the sector's middle half▼ 13.8%
Debt€81,897▲ 23.1%€74,513▼ 9.0%€74,910▲ 0.5%€79,688▲ 6.4%€66,504▼ 16.5%
Working capital-€20,027below the sector's middle half▼ 10.2%-€7,964within the sector's middle half▲ 60.2%€7,033within the sector's middle half€34,562within the sector's middle half▲ 391%€21,291within the sector's middle half▼ 38.4%
Solvency-17.8%below the sector's middle half▼ 19.6pp1.2%below the sector's middle half▲ 19.0pp18.7%within the sector's middle half▲ 17.6pp46.4%within the sector's middle half▲ 27.7pp48.1%within the sector's middle half▲ 1.7pp
Current ratio0.58below the sector's middle half▼ 0.150.84below the sector's middle half▲ 0.261.12within the sector's middle half▲ 0.281.59within the sector's middle half▲ 0.481.37within the sector's middle half▼ 0.23
Return on assets (ROA)-19.5%below the sector's middle half▼ 20.3pp17.6%above the sector's middle half▲ 37.1pp17.8%above the sector's middle half▲ 0.2pp34.8%above the sector's middle half▲ 17.0pp-5.7%below the sector's middle half▼ 40.5pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €6,513 after €51,686 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €128,164
Fixed assets
€48,959 ▼ 12.4%
Current assets
€79,205 ▼ 14.7%
Equity and liabilities €128,164
Equity
€61,660 ▼ 10.7%
Debt
€66,504 ▼ 16.5%
Debt's share of the balance-sheet total falls from 53.6% to 51.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€6,262▼
2024 · €59,774
Cash flow
€5,410▼
2024 · €59,843
Quick ratio
0.38▼
2024 · 0.87
Debt to equity
1.08▼
2024 · 1.15
ROE
-11.9%▼
2024 · 75.0%
Interest coverage
7.16▼
2024 · 51.14
Debt ≤ 1 year
€57,914▼
2024 · €58,258
Debt > 1 year
€8,590▼
2024 · €21,430
Income taxes
€78▲
2024 · €75
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.6%
went bankrupt
8.5%
stopped otherwise
90%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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%.
| 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 12,321 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €424 | €211 | €226 | €9,945 | €529 | ▼ 94.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €8,414 | €8,414 | €8,088 | €12,776 | ▲ 57.9% |
| Other operating charges640/8 | €1,442 | €2,015 | €1,167 | €4,569 | €1,514 | ▼ 66.9% |
| Non-recurring operating charges66A | €1,855 | €246 | - | - | - | - |
| Gross operating margin9900 | -€10,190 | €21,670 | €26,509 | €64,343 | €7,777 | ▼ 87.9% |
| Operating profit (loss)9901 | -€13,487 | €10,995 | €16,928 | €51,686 | -€6,513 | ▼ 113% |
| Financial income75/76B | €749 | €3,161 | €324 | €1,313 | €100 | ▼ 92.4% |
| Recurring financial income75 | €749 | €3,161 | €324 | €1,313 | €100 | ▼ 92.4% |
| Financial charges65/66B | €766 | €808 | €803 | €1,169 | €875 | ▼ 25.1% |
| Recurring financial charges65 | €766 | €808 | €803 | €1,169 | €875 | ▼ 25.1% |
| Profit (loss) for the period before taxes9903 | -€13,503 | €13,348 | €16,449 | €51,829 | -€7,288 | ▼ 114% |
| Income taxes67/77 | €63 | €66 | €71 | €75 | €78 | ▲ 3.5% |
| Profit (loss) for the period9904 | -€13,566 | €13,282 | €16,378 | €51,754 | -€7,366 | ▼ 114% |
| Profit (loss) for the period to be appropriated9905 | -€13,566 | €13,282 | €16,378 | €51,754 | -€7,366 | ▼ 114% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €69,509 | €75,407 | €92,181 | €148,714 | €128,164 | ▼ 13.8% |
| Fixed assets21/28 | €42,173 | €33,759 | €25,345 | €55,894 | €48,959 | ▼ 12.4% |
| Tangible fixed assets22/27 | €42,069 | €33,655 | €25,241 | €55,790 | €48,855 | ▼ 12.4% |
| Furniture and vehicles24 | €42,069 | €33,655 | €25,241 | €55,790 | €43,014 | ▼ 22.9% |
| Other tangible fixed assets26 | - | - | - | - | €5,841 | - |
| Financial fixed assets28 | €104 | €104 | €104 | €104 | €104 | = |
| Current assets29/58 | €27,336 | €41,648 | €66,836 | €92,820 | €79,205 | ▼ 14.7% |
| Stocks and contracts in progress3 | €13,162 | €20,310 | €53,807 | €42,270 | €57,425 | ▲ 35.9% |
| Stocks30/36 | €13,162 | €20,310 | €53,807 | €42,270 | €57,425 | ▲ 35.9% |
| Amounts receivable within one year40/41 | €7,677 | €5,542 | €8,782 | €9,378 | €5,898 | ▼ 37.1% |
| Trade receivables40 | - | - | - | - | €5,500 | - |
| Other amounts receivable41 | €7,677 | €5,542 | €8,782 | €9,378 | €398 | ▼ 95.8% |
| Cash at bank and in hand54/58 | €6,497 | €13,781 | €2,161 | €37,844 | €12,385 | ▼ 67.3% |
| Deferred charges and accrued income490/1 | - | €2,014 | €2,086 | €3,328 | €3,497 | ▲ 5.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €69,509 | €75,407 | €92,181 | €148,714 | €128,164 | ▼ 13.8% |
| Equity10/15 | -€12,388 | €893 | €17,271 | €69,026 | €61,660 | ▼ 10.7% |
| Contributions10/11 | €124,368 | €124,368 | €124,368 | €124,368 | €124,368 | = |
| Reserves13 | €21,424 | €21,424 | €21,424 | €21,424 | €21,424 | = |
| Non-distributable reserves130/1 | €1,885 | €1,885 | €1,885 | €1,885 | €1,885 | = |
| Reserves not available under the articles1311 | €1,885 | €1,885 | €1,885 | €1,885 | €1,885 | = |
| Tax-exempt reserves132 | €19,539 | €19,539 | €19,539 | €19,539 | €19,539 | = |
| Profit (loss) carried forward14 | -€158,181 | -€144,899 | -€128,521 | -€76,767 | -€84,132 | ▼ 9.6% |
| Amounts payable17/49 | €81,897 | €74,513 | €74,910 | €79,688 | €66,504 | ▼ 16.5% |
| Amounts payable after more than one year17 | €34,534 | €24,902 | €15,107 | €21,430 | €8,590 | ▼ 59.9% |
| Financial debts170/4 | €34,534 | €24,902 | €15,107 | €21,430 | €8,590 | ▼ 59.9% |
| Amounts payable within one year42/48 | €47,363 | €49,612 | €59,803 | €58,258 | €57,914 | ▼ 0.6% |
| Trade debts44 | €5,500 | €9,245 | €9,432 | €7,268 | €6,678 | ▼ 8.1% |
| Suppliers440/4 | €5,500 | €9,245 | €9,432 | €7,268 | €6,678 | ▼ 8.1% |
| Taxes, remuneration and social security45 | €10,863 | €9,366 | €9,371 | €9,300 | €9,300 | = |
| Taxes450/3 | €63 | €66 | €71 | - | - | - |
| Remuneration and social security454/9 | €10,800 | €9,300 | €9,300 | €9,300 | €9,300 | = |
| Other amounts payable47/48 | €31,000 | €31,000 | €41,000 | €41,691 | €41,936 | ▲ 0.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€13,566 | €13,282 | €16,378 | €51,754 | -€7,366 | ▼ 114% |
| + Depreciation and write-downs630 | - | €8,414 | €8,414 | €8,088 | €12,776 | ▲ 57.9% |
| Operating cash flow (approximation) | -€13,566 | €21,695 | €24,792 | €59,843 | €5,410 | ▼ 91.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€38,637 | -€5,841 | ▲ 84.9% |
| Change in cash | - | €7,284 | -€11,620 | €35,683 | -€25,459 | ▼ 171% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €51,754 ▲216%
Operating result €51,686, net result €51,754, both a record.
29-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €13,282
Net result €13,282 after one loss-making year.
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€13,566
Net result drops to -€13,566, the lowest in the series; recovery starts the following year.
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Sint-Jans-Molenbeek · 1 establishment unit since 1988
Ground area
239 m²
Building footprint
235 m²
Volume, LiDAR
1,769 m³
Parcel 21012A0132/00W000, Brussels · tallest building 10.8 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
LIBEL
since 19882.040.881.978
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21012A0132/00W000 | Brussels | 239 m² | 1 · 235 m² | 10.8 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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GARAGE G.M.J.
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H.M. CARS
BE 0719.975.570
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MNH TURBO
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Of 10,664 companies in sector 47811 we hold annual accounts for 5,226. 3,431 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formCoöperatieve vennootschap met beperkte aansprakelijkheid
Founded15-11-1988
Fiscal year end31-12
Activities, NACEBEL 2025
47811Retail sale of cars and light vans (up to 3.5 tonnes)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0435586319
Also
9925:BE0435586319
Registered
12-12-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.