LIBELSON
ActiveSummary
The computed 12-month bankruptcy probability of LIBELSON is 1.8% (moderate). The 2024 annual accounts show negative equity (-€33,364) and a net result of €6,161. Equity is growing by ~15.5% per year across the filed fiscal years. The company has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability85▲+4
Solvency0=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.15 against 0.08 in 2023; short-term debt: 153.9% and cash: 15.2% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2024Solvency, return and age of the figures
Solvency
-68.5%
Return on assets
12.6%
Age of the figures
21 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-07-2025, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
17 d early
2023
51 d early
2022
54 d early
2021
5 d early
2020
38 d early
2019
44 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 35 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€6,161▲ 20.2%
2023 · €5,124
Working capital
-€63,971▲ 23.4%
2023 · -€83,480
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€5,353▼ 33.1%€19,237▲ 259%€508▼ 97.4%€6,898▲ 1,259%€8,039▲ 16.5%
Net result€4,986▼ 17.2%€19,014▲ 281%-€517€5,124€6,161▲ 20.2%
Equity-€63,145▲ 7.3%-€44,131▲ 30.1%-€44,648▼ 1.2%-€39,525▲ 11.5%-€33,364▲ 15.6%
Total assets€50,161▲ 12.6%€58,391▲ 16.4%€48,343▼ 17.2%€51,042▲ 5.6%€48,724▼ 4.5%
Debt€113,307▲ 0.6%€102,522▼ 9.5%€92,991▼ 9.3%€90,567▼ 2.6%€82,088▼ 9.4%
Working capital-€100,526▲ 8.4%-€90,295▲ 10.2%-€89,750▲ 0.6%-€83,480▲ 7.0%-€63,971▲ 23.4%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 17% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €48,724
Fixed assets
€37,707 ▼ 14.2%
Current assets
€11,017 ▲ 55.5%
Key figures and ratios
EBITDA
€15,164▲
2023 · €13,228
Cash flow
€13,286▲
2023 · €11,453
Solvency
-68.5%▲
2023 · -77.4%
Current ratio
0.15▲
2023 · 0.08
Debt to equity
-2.46▼
2023 · -2.29
ROA
12.6%▲
2023 · 10.0%
Interest coverage
255.25▲
2023 · 103.38
Debt ≤ 1 year
€74,988▼
2023 · €90,567
Debt > 1 year
€7,100
Income taxes
€2,046▲
2023 · €1,730
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,798 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 91% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.5%
went bankrupt
5.3%
stopped otherwise
91%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.8% 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 3,798 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,895 | €5,097 | €5,859 | €6,330 | €7,125 | ▲ 12.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €9,442 | - | - | - |
| Other operating charges640/8 | - | €1,122 | €2,124 | €2,569 | €2,660 | ▲ 3.6% |
| Gross operating margin9900 | €11,364 | €25,455 | €17,932 | €15,797 | €17,825 | ▲ 12.8% |
| Operating profit (loss)9901 | €5,353 | €19,237 | €508 | €6,898 | €8,039 | ▲ 16.5% |
| Financial income75/76B | - | €168 | €84 | €83 | €227 | ▲ 173% |
| Recurring financial income75 | - | €168 | €84 | €83 | €227 | ▲ 173% |
| Financial charges65/66B | - | €391 | €309 | €128 | €59 | ▼ 53.6% |
| Recurring financial charges65 | €498 | €391 | €309 | €128 | €59 | ▼ 53.6% |
| Profit (loss) for the period before taxes9903 | €4,855 | €19,014 | €283 | €6,854 | €8,207 | ▲ 19.7% |
| Income taxes67/77 | -€131 | - | €800 | €1,730 | €2,046 | ▲ 18.3% |
| Profit (loss) for the period9904 | €4,986 | €19,014 | -€517 | €5,124 | €6,161 | ▲ 20.2% |
| Profit (loss) for the period to be appropriated9905 | €4,986 | €19,014 | -€517 | €5,124 | €6,161 | ▲ 20.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €50,161 | €58,391 | €48,343 | €51,042 | €48,724 | ▼ 4.5% |
| Fixed assets21/28 | €37,380 | €47,717 | €45,102 | €43,956 | €37,707 | ▼ 14.2% |
| Tangible fixed assets22/27 | €36,962 | €47,298 | €44,683 | €43,537 | €37,288 | ▼ 14.4% |
| Land and buildings22 | - | €32,000 | €28,000 | €24,000 | €20,000 | ▼ 16.7% |
| Plant, machinery and equipment23 | - | €15,298 | €16,683 | €14,745 | €12,808 | ▼ 13.1% |
| Furniture and vehicles24 | - | €0 | €0 | €4,792 | €4,481 | ▼ 6.5% |
| Financial fixed assets28 | €419 | €419 | €419 | €419 | €419 | = |
| Current assets29/58 | €12,781 | €10,673 | €3,241 | €7,087 | €11,017 | ▲ 55.5% |
| Stocks and contracts in progress3 | €9,442 | €9,442 | - | - | - | - |
| Stocks30/36 | - | €9,442 | - | - | - | - |
| Amounts receivable within one year40/41 | €3,336 | €1,200 | €1,673 | €3,408 | €3,630 | ▲ 6.5% |
| Other amounts receivable41 | - | €1,200 | €1,673 | €3,408 | €3,630 | ▲ 6.5% |
| Cash at bank and in hand54/58 | - | €32 | €1,568 | €3,679 | €7,387 | ▲ 101% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €50,161 | €58,391 | €48,343 | €51,042 | €48,724 | ▼ 4.5% |
| Equity10/15 | -€63,145 | -€44,131 | -€44,648 | -€39,525 | -€33,364 | ▲ 15.6% |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Capital10 | - | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Issued capital100 | - | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Reserves13 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Non-distributable reserves130/1 | - | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Legal reserve130 | - | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | -€173,145 | -€154,131 | -€154,648 | -€149,525 | -€143,364 | ▲ 4.1% |
| Amounts payable17/49 | €113,307 | €102,522 | €92,991 | €90,567 | €82,088 | ▼ 9.4% |
| Amounts payable after more than one year17 | - | €1,553 | - | - | €7,100 | - |
| Financial debts170/4 | - | €1,553 | - | - | - | - |
| Other amounts payable178/9 | - | - | - | - | €7,100 | - |
| Amounts payable within one year42/48 | €113,307 | €100,968 | €92,991 | €90,567 | €74,988 | ▼ 17.2% |
| Current portion of amounts payable after more than one year42 | - | €4,621 | €1,553 | - | - | - |
| Trade debts44 | €9,747 | €7,909 | €4,925 | €4,605 | €1,004 | ▼ 78.2% |
| Suppliers440/4 | - | €7,909 | €4,925 | €4,605 | €1,004 | ▼ 78.2% |
| Taxes, remuneration and social security45 | - | - | - | - | €302 | - |
| Taxes450/3 | - | - | - | - | €302 | - |
| Other amounts payable47/48 | - | €88,438 | €86,512 | €85,962 | €73,682 | ▼ 14.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,986 | €19,014 | -€517 | €5,124 | €6,161 | ▲ 20.2% |
| + Depreciation and write-downs630 | €4,895 | €5,097 | €5,859 | €6,330 | €7,125 | ▲ 12.6% |
| Operating cash flow (approximation) | €9,881 | €24,111 | €5,342 | €11,453 | €13,286 | ▲ 16.0% |
| Investment in fixed assets (approximation) | - | -€15,433 | -€3,244 | -€5,184 | -€877 | ▲ 83.1% |
| Change in cash | - | - | €1,536 | €2,111 | €3,708 | ▲ 75.6% |
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
2025
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €5,124
Net result €5,124 after one loss-making year.
07-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €19,014 ▲281%
Operating result €19,237, net result €19,014, both a record.
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
17-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €6,023
Net result €6,023 after one loss-making year.
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
22-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Ukkel · 1 establishment unit since 1992
Ground area
1,408 m²
Building footprint
301 m²
Volume, LiDAR
1,802 m³
Parcel 21614H0055/00M071, Brussels · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
LIBELSON
since 19922.058.014.158
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21614H0055/00M071 | Brussels | 1,408 m² | 1 · 301 m² | 8.6 m · 2 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.
Identification & contact
Identification
Legal formPublic limited company
Founded20-05-1992
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0447604025
Also
9925:BE0447604025
Registered
18-11-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.