LIBEL
Annual accounts 2025
micro format, filed on 10-07-2026, 21 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €110,000. Estimated: probably between €59,000 and €360,000.
Money flows
no detail for 2025Balance sheet
balance sheet total €128,164 on 31-12-2025in euro
in euro
Position in the sector
48.1%
Higher than 63% of 25,237 companies in 2025.
1.37
Higher than 47% of 24,245 companies in 2025.
-5.7%
Higher than 22% of 24,434 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
128,164 | 148,714 | 92,181 | 75,407 | 69,509 | 67,698 | 44,456 | 52,744 | 46,916 | 45,880 | 57,973 | 87,510 | 108,213 | 127,650 | 97,672 | 108,127 | 107,549 | 152,932 | 170,584 | 186,784 | |
21/28 |
48,959 | 55,894 | 25,345 | 33,759 | 42,173 | 19,350 | 104 | 104 | 858 | 1,612 | 5,380 | 6,263 | 9,878 | 13,376 | 672 | 6,931 | 13,190 | 19,951 | 26,457 | 30,785 | |
22/27 |
48,855 | 55,790 | 25,241 | 33,655 | 42,069 | 19,246 | - | - | 754 | 1,508 | 5,276 | 6,159 | 9,774 | 13,272 | 568 | 6,827 | 13,086 | 19,846 | 26,353 | 30,681 | |
23 |
- | - | - | - | - | - | - | - | - | - | - | 132 | 733 | 934 | - | - | - | 270 | 569 | 110 | |
24 |
43,014 | 55,790 | 25,241 | 33,655 | 42,069 | 19,246 | - | - | 754 | 1,508 | 5,276 | 6,027 | 9,041 | 12,338 | 568 | 6,827 | 13,086 | 19,577 | 25,784 | 30,571 | |
26 |
5,841 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
28 |
104 | 104 | 104 | 104 | 104 | 104 | 104 | 104 | 104 | 104 | 104 | 104 | 104 | 104 | 104 | 104 | 104 | 104 | 104 | 104 | |
29/58 |
79,205 | 92,820 | 66,836 | 41,648 | 27,336 | 48,348 | 44,352 | 52,640 | 46,058 | 44,268 | 52,593 | 81,247 | 98,334 | 114,274 | 97,000 | 101,196 | 94,359 | 132,981 | 144,127 | 155,999 | |
3 |
57,425 | 42,270 | 53,807 | 20,310 | 13,162 | 17,729 | 25,950 | 20,767 | 33,505 | 30,683 | 32,314 | 55,791 | 50,190 | 64,065 | 35,241 | 31,609 | 67,277 | 95,253 | 89,683 | 103,422 | |
30/36 |
57,425 | 42,270 | 53,807 | 20,310 | 13,162 | 17,729 | 25,950 | 20,767 | 33,505 | 30,683 | 32,314 | 55,791 | 50,190 | 64,065 | 35,241 | 31,609 | 67,277 | 95,253 | 89,683 | 103,422 | |
40/41 |
5,898 | 9,378 | 8,782 | 5,542 | 7,677 | 5,887 | 5,938 | 5,306 | 11,803 | 8,303 | 12,410 | 21,086 | 32,023 | 43,259 | 28,902 | 23,250 | 21,219 | 17,952 | 24,701 | 10,391 | |
40 |
5,500 | - | - | - | - | - | 1,600 | 1,600 | 8,255 | 4,250 | 7,750 | 5,250 | 6,405 | 4,750 | - | - | - | - | - | - | |
41 |
398 | 9,378 | 8,782 | 5,542 | 7,677 | 5,887 | 4,338 | 3,706 | 3,548 | 4,053 | 4,660 | 15,836 | 25,618 | 38,509 | 28,902 | 23,250 | 21,219 | 17,952 | 24,701 | 10,391 | |
54/58 |
12,385 | 37,844 | 2,161 | 13,781 | 6,497 | 23,911 | 12,464 | 26,567 | 750 | 5,281 | 7,869 | 4,370 | 16,121 | 6,950 | 32,857 | 46,336 | 4,849 | 19,777 | 29,742 | 42,185 | |
490/1 |
3,497 | 3,328 | 2,086 | 2,014 | - | 821 | - | - | - | - | - | - | - | - | - | - | 1,014 | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
128,164 | 148,714 | 92,181 | 75,407 | 69,509 | 67,698 | 44,456 | 52,744 | 46,916 | 45,880 | 57,973 | 87,510 | 108,213 | 127,650 | 97,672 | 108,127 | 107,549 | 152,932 | 170,584 | 186,784 | |
10/15 |
61,660 | 69,026 | 17,271 | 893 | -12,388 | 1,178 | 644 | -10,554 | -11,647 | 6,055 | 23,649 | 41,013 | 49,521 | 51,784 | 39,725 | 50,126 | 81,920 | 97,829 | 105,717 | 117,934 | |
10/11 |
124,368 | 124,368 | 124,368 | 124,368 | 124,368 | 124,368 | 124,368 | 124,368 | 124,368 | 124,368 | 124,368 | 124,368 | 124,368 | 124,368 | 124,368 | 124,368 | 124,368 | 124,368 | 124,368 | 124,368 | |
100 |
- | - | - | - | - | - | 124,368 | 124,368 | 124,368 | 124,368 | 124,368 | 124,368 | 124,368 | 124,368 | 124,368 | 124,368 | 124,368 | 124,368 | 124,368 | 124,368 | |
13 |
21,424 | 21,424 | 21,424 | 21,424 | 21,424 | 21,424 | 21,424 | 21,424 | 21,424 | 21,424 | 21,424 | 21,424 | 1,885 | 1,885 | 1,885 | 1,885 | 1,885 | 1,885 | 1,885 | 1,885 | |
130/1 |
1,885 | 1,885 | 1,885 | 1,885 | 1,885 | 1,885 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,885 | 1,885 | 1,885 | 1,885 | 1,885 | 1,885 | 1,885 | 1,885 | 1,885 | 1,885 | 1,885 | 1,885 | 1,885 | 1,885 | |
1311 |
1,885 | 1,885 | 1,885 | 1,885 | 1,885 | 1,885 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
132 |
19,539 | 19,539 | 19,539 | 19,539 | 19,539 | 19,539 | 19,539 | 19,539 | 19,539 | 19,539 | 19,539 | 19,539 | - | - | - | - | - | - | - | - | |
14 |
-84,132 | -76,767 | -128,521 | -144,899 | -158,181 | -144,615 | -145,149 | -156,347 | -157,439 | -139,738 | -122,143 | -104,780 | -76,732 | -74,469 | -86,528 | -76,127 | -44,333 | -28,424 | -20,537 | -8,320 | |
17/49 |
66,504 | 79,688 | 74,910 | 74,513 | 81,897 | 66,520 | 43,812 | 63,299 | 58,563 | 39,825 | 34,324 | 46,498 | 58,691 | 75,866 | 57,946 | 58,001 | 25,629 | 55,103 | 64,867 | 68,850 | |
17 |
8,590 | 21,430 | 15,107 | 24,902 | 34,534 | - | - | 24,008 | 24,008 | 24,008 | 24,008 | 26,093 | 33,183 | 33,183 | 33,183 | 33,183 | - | - | 2,982 | 9,068 | |
170/4 |
8,590 | 21,430 | 15,107 | 24,902 | 34,534 | - | - | 24,008 | 24,008 | 24,008 | 24,008 | 26,093 | 33,183 | 33,183 | 33,183 | 33,183 | - | - | 2,982 | 9,068 | |
42/48 |
57,914 | 58,258 | 59,803 | 49,612 | 47,363 | 66,520 | 43,812 | 39,291 | 33,555 | 15,817 | 10,316 | 20,405 | 25,508 | 42,682 | 24,763 | 24,817 | 25,629 | 55,103 | 56,885 | 59,783 | |
42 |
- | - | - | - | - | - | - | - | - | - | 2,177 | 3,759 | - | 5,000 | - | - | - | 3,311 | 6,716 | 6,716 | |
43 |
- | - | - | - | - | - | - | - | 4,525 | 9,662 | 3,088 | 11,069 | - | - | - | - | - | - | - | - | |
430/8 |
- | - | - | - | - | - | - | - | 4,525 | 9,662 | 3,088 | 11,069 | - | - | - | - | - | - | - | - | |
44 |
6,678 | 7,268 | 9,432 | 9,245 | 5,500 | 24,720 | 12,746 | 8,241 | 6,412 | 6,155 | 4,820 | 5,577 | 6,792 | 18,192 | 6,044 | 6,123 | 5,629 | 5,418 | 1,163 | 6,716 | |
440/4 |
6,678 | 7,268 | 9,432 | 9,245 | 5,500 | 24,720 | 12,746 | 8,241 | 6,412 | 6,155 | 4,820 | 5,577 | 6,792 | 18,192 | 6,044 | 6,123 | 5,629 | 5,418 | 1,163 | 6,716 | |
45 |
9,300 | 9,300 | 9,371 | 9,366 | 10,863 | 10,800 | 67 | 50 | 3,119 | - | 232 | - | - | 835 | 64 | 45 | - | - | 2,702 | - | |
450/3 |
- | - | 71 | 66 | 63 | - | 67 | 50 | 419 | - | 232 | - | - | 835 | 64 | 45 | - | - | 2 | - | |
454/9 |
9,300 | 9,300 | 9,300 | 9,300 | 10,800 | 10,800 | - | - | 2,700 | - | - | - | - | - | - | - | - | - | 2,700 | - | |
47/48 |
41,936 | 41,691 | 41,000 | 31,000 | 31,000 | 31,000 | 31,000 | 31,000 | 19,500 | - | - | - | 18,716 | 18,656 | 18,656 | 18,650 | 20,000 | 46,375 | 46,305 | 46,351 | |
492/3 |
- | - | - | - | - | - | - | - | 1,000 | - | - | - | - | - | - | - | - | - | 5,000 | - | |
| Income statement | |||||||||||||||||||||
70 |
- | - | - | - | - | - | - | - | - | - | - | 126,697 | 219,971 | 239,632 | 152,342 | 144,546 | 149,570 | 378,055 | 459,681 | 425,176 | |
76A |
529 | 9,945 | 226 | 211 | 424 | - | - | 63 | 2,012 | 61 | 58 | 19,595 | 91 | 9,306 | 333 | 46 | 27,241 | 4,175 | 2,217 | 4,500 | |
9900 |
7,777 | 64,343 | 26,509 | 21,670 | -10,190 | 7,505 | -8,391 | 7,857 | -11,531 | -7,837 | -9,943 | -20,279 | 6,202 | 10,826 | -1,051 | -22,759 | -32,500 | -611 | -3,434 | -942 | |
60/61 |
- | - | - | - | - | - | - | - | - | - | - | 148,678 | 215,443 | 230,479 | 155,277 | 169,133 | 182,069 | 378,666 | 463,115 | 426,118 | |
630 |
12,776 | 8,088 | 8,414 | 8,414 | - | - | - | 754 | 754 | 3,768 | 3,145 | 3,615 | 3,885 | 3,757 | 6,259 | 6,259 | 6,761 | 6,507 | 6,317 | 540 | |
640/8 |
1,514 | 4,569 | 1,167 | 2,015 | 1,442 | 5,637 | 2,985 | 4,777 | 3,764 | 4,684 | 3,241 | 3,282 | 3,505 | 3,601 | 3,573 | 1,885 | 3,572 | 3,950 | 3,678 | 4,806 | |
66A |
- | - | - | 246 | 1,855 | 280 | 2,353 | 554 | 692 | 530 | 230 | 350 | 745 | 650 | 685 | 695 | 100 | 401 | 200 | 279 | |
9901 |
-6,513 | 51,686 | 16,928 | 10,995 | -13,487 | 1,588 | -13,730 | 1,772 | -16,741 | -16,819 | -16,329 | -27,176 | -1,189 | 3,468 | -10,883 | -30,903 | -42,833 | -11,068 | -13,429 | -6,288 | |
75/76B |
100 | 1,313 | 324 | 3,161 | 749 | 745 | 26,199 | 200 | 1 | 0 | - | 0 | 5 | 281 | 1,012 | 1 | 9 | 32 | 120 | 50 | |
75 |
100 | 1,313 | 324 | 3,161 | 749 | 745 | 26,199 | 200 | 1 | 0 | - | 0 | 5 | 281 | 1,012 | 1 | 9 | 32 | 120 | 50 | |
65/66B |
875 | 1,169 | 803 | 808 | 766 | 1,733 | 1,205 | 803 | 887 | 702 | 692 | 578 | 425 | 346 | 178 | 242 | 227 | 640 | 913 | 650 | |
65 |
875 | 1,169 | 803 | 808 | 766 | 1,733 | 1,205 | 803 | 887 | 702 | 692 | 578 | 425 | 346 | 178 | 242 | 227 | 640 | 913 | 650 | |
9903 |
-7,288 | 51,829 | 16,449 | 13,348 | -13,503 | 600 | 11,265 | 1,169 | -17,627 | -17,521 | -17,193 | -8,509 | -2,263 | 12,059 | -10,401 | -31,794 | -15,909 | -7,903 | -12,205 | -2,666 | |
67/77 |
78 | 75 | 71 | 66 | 63 | 66 | 67 | 76 | 75 | 73 | 170 | - | - | - | - | - | - | -15 | 12 | 113 | |
9904 |
-7,366 | 51,754 | 16,378 | 13,282 | -13,566 | 534 | 11,198 | 1,093 | -17,702 | -17,594 | -17,364 | -8,509 | -2,263 | 12,059 | -10,401 | -31,794 | -15,909 | -7,888 | -12,217 | -2,779 | |
689 |
- | - | - | - | - | - | - | - | - | - | - | 19,539 | - | - | - | - | - | - | - | - | |
9905 |
-7,366 | 51,754 | 16,378 | 13,282 | -13,566 | 534 | 11,198 | 1,093 | -17,702 | -17,594 | -17,364 | -28,048 | -2,263 | 12,059 | -10,401 | -31,794 | -15,909 | -7,888 | -12,217 | -2,779 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
-84,132 | -76,767 | -128,521 | -144,899 | -158,181 | -144,615 | -145,149 | -156,347 | -157,439 | -139,738 | -122,143 | -104,780 | -76,732 | -74,469 | -86,528 | -76,127 | -44,333 | -28,424 | -20,537 | -8,320 | |
14P |
-76,767 | -128,521 | -144,899 | -158,181 | -144,615 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||||||
The accounts for 17 older financial years (1989-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 10-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 10-07-2026 | 2026-00279243 | |
| 31-12-2024 | micro format | 27-06-2025 | 2025-00189515 | |
| 31-12-2023 | micro format | 29-06-2024 | 2024-00182860 | |
| 31-12-2022 | micro format | 28-06-2023 | 2023-00167228 | |
| 31-12-2021 | micro format | 08-07-2022 | 2022-20162819 | |
| 31-12-2020 | micro format | 07-07-2021 | 2021-32100206 | |
| 31-12-2019 | micro format | 27-07-2020 | 2020-34300214 | |
| 31-12-2018 | micro format | 17-07-2019 | 2019-33800334 | |
| 31-12-2017 | micro format | 27-07-2018 | 2018-39600596 | |
| 31-12-2016 | micro format | 24-07-2017 | 2017-35000103 | |
| 31-12-2015 | full format | 26-07-2016 | 2016-35600533 | |
| 31-12-2014 | full format | 31-07-2015 | 2015-38200549 | |
| 31-12-2013 | full format | 08-07-2014 | 2014-28600445 | |
| 31-12-2012 | full format | 03-07-2013 | 2013-26700399 | |
| 31-12-2011 | full format | 19-07-2012 | 2012-31600388 | |
| 31-12-2010 | full format | 14-07-2011 | 2011-29300563 | |
| 31-12-2009 | full format | 28-07-2010 | 2010-35500011 | |
| 31-12-2008 | full format | 27-07-2009 | 2009-48000042 | |
| 31-12-2007 | full format | 30-07-2008 | 2008-50600313 | |
| 31-12-2006 | full format | 13-07-2007 | 2007-41000047 | |
| 31-12-2005 | full format | 30-06-2006 | 2006-37302967 | |
| 31-12-2004 | full format | 30-06-2005 | 2005-38400902 | |
| 31-12-2003 | full format | 29-06-2004 | 2004-34502469 | |
| 31-12-2002 | full format | 11-07-2003 | 2003-43304515 | |
| 31-12-2001 | full format | 11-07-2002 | 2002-36800199 | |
| 31-12-2000 | full format | 02-07-2001 | 2001-31503623 | |
| 31-12-1999 | full format | 27-06-2000 | 2000-29202509 | |
| 31-12-1998 | full format | 28-09-1999 | 1999-49401799 | |
| 31-12-1997 | full format | 23-06-1998 | 1998-21004417 | |
| 31-12-1996 | full format | 01-07-1997 | 1997-24901309 | |
| 31-12-1995 | full format | 25-06-1996 | 1996-21801175 | |
| 31-12-1994 | full format | 27-06-1995 | 1995-30600781 | |
| 31-12-1993 | full format | 07-07-1994 | 1994-27701469 | |
| 31-12-1992 | full format | 27-06-1994 | 1994-20700778 | |
| 31-12-1991 | full format | 07-07-1992 | 1992-20100182 | |
| 31-12-1990 | full format | 08-01-1992 | 1992-00402443 | |
| 31-12-1989 | full format | 01-06-1990 | 1990-06402772 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 6,262 | 59,774 | 25,342 | 19,409 | - | - | - | 2,526 | -15,987 | -13,051 | -13,184 | -23,561 | 2,697 | 7,226 | -4,624 | -24,644 | -36,072 | -4,561 | -7,112 | -5,748 | ||
| 5,410 | 59,843 | 24,792 | 21,695 | - | - | - | 1,847 | -16,948 | -13,827 | -14,218 | -4,893 | 1,622 | 15,817 | -4,142 | -25,535 | -9,148 | -1,381 | -5,900 | -2,239 | ||
| 5,841 | 63,878 | 0 | 0 | 22,822 | 19,246 | - | 0 | 0 | 0 | 2,262 | 0 | 388 | 16,462 | 0 | 0 | 0 | 0 | 1,989 | 29,875 | ||
| -25,459 | 35,683 | -11,620 | 7,284 | -17,414 | 11,446 | -14,103 | 25,817 | -4,531 | -2,588 | 3,499 | -11,751 | 9,172 | -25,907 | -13,479 | 41,487 | -14,928 | -9,965 | -12,443 | - | ||
| 21,291 | 34,562 | 7,033 | -7,964 | -20,027 | -18,173 | 539 | 13,349 | 12,503 | 28,450 | 42,277 | 60,842 | 72,826 | 71,591 | 72,236 | 76,378 | 68,730 | 77,878 | 87,241 | 96,216 | ||
| - | - | - | - | - | - | - | - | - | - | - | -21.4% | -0.5% | 1.4% | -7.1% | -21.4% | -28.6% | -2.9% | -2.9% | -1.5% | ||
| 48.1% | 46.4% | 18.7% | 1.2% | -17.8% | 1.7% | 1.4% | -20.0% | -24.8% | 13.2% | 40.8% | 46.9% | 45.8% | 40.6% | 40.7% | 46.4% | 76.2% | 64.0% | 62.0% | 63.1% | ||
| 1.37 | 1.59 | 1.12 | 0.84 | 0.58 | 0.73 | 1.01 | 1.34 | 1.37 | 2.80 | 5.10 | 3.98 | 3.86 | 2.68 | 3.92 | 4.08 | 3.68 | 2.41 | 2.53 | 2.61 | ||
| 0.38 | 0.87 | 0.22 | 0.43 | 0.30 | 0.46 | 0.42 | 0.81 | 0.37 | 0.86 | 1.97 | 1.25 | 1.89 | 1.18 | 2.49 | 2.80 | 1.06 | 0.68 | 0.96 | 0.88 | ||
| 1.08 | 1.15 | 4.34 | - | - | 56.48 | - | - | - | 6.58 | 1.45 | 1.13 | 1.19 | 1.47 | 1.46 | 1.16 | 0.31 | 0.56 | 0.61 | 0.58 | ||
| -11.9% | 75.0% | 94.8% | - | - | 45.4% | - | - | - | -290.6% | -73.4% | -20.7% | -4.6% | 23.3% | -26.2% | -63.4% | -19.4% | -8.1% | -11.6% | -2.4% | ||
| -5.7% | 34.8% | 17.8% | 17.6% | -19.5% | 0.8% | 25.2% | 2.1% | -37.7% | -38.3% | -30.0% | -9.7% | -2.1% | 9.4% | -10.6% | -29.4% | -14.8% | -5.2% | -7.2% | -1.5% | ||
| 7.16 | 51.14 | 31.54 | 24.03 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | - | - | - | 15 days | 11 days | 7 days | 69 days | 59 days | 52 days | 17 days | 20 days | 9 days | ||
| - | - | - | - | - | - | - | - | - | - | - | 14 days | 12 days | 29 days | 14 days | 13 days | 11 days | 5 days | 1 day | 6 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €5,841 | €63,878 | - | - | €22,822 |
| €12,776 | €8,088 | €8,414 | €8,414 | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on LIBEL
The operating result for 2025 is a loss of €6,513, after a profit of €51,686 in 2024. It is the lowest result since 2021.
Debt's share of the balance-sheet total falls from 53.6% to 51.9%. Equity and debt are lower.