LIBENTER
ActiveSummary
LIBENTER has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €551,709 and a net result of €146,921. Equity is growing by about 21% per year across the filed financial years. Its solvency ranks better than 80% of 49 sector peers (NACE 17, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Staff
- 1.4 FTE
- Equity
- €551,709
- Profit
- €146,921
Why 96raises risk1 change of registered office in 24 monthslowers riskLiquidity: current ratio 3.61, cash €278,441Equity €551,709 (76.0% of total assets)Size: total assets €725,656Show the evidence
Checked score
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 17, micro): better than 90% on solvency, 88% on liquidity, 87% on profitability and 57% on growth.
The bankruptcy probability was computed on 27-10-2026 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).
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Signals
This company filed its last 7 accounts on average 3 days before the deadline; the sector median (NACE 17) for financial year 2024 is 13 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Highest result from 2019 to 2025net €146,921 ▲52.7%
- Resignations: de SOMER Nathalie (director) and…Appointment: COGELS Jean-Benoit (niet statutaire…
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result falls in 2025; 2025 is 59% below 2024 and is the lowest 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.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 17, Manufacture of paper and paper 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).
Peer companies
Historical observationOf the 31,368 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93.5% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 31,368 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €13,000 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €76,897 | €85,229 | €86,983 | €71,671 | ▼ 17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,353 | €10,509 | €12,314 | €17,801 | €27,109 | €54,525 | €70,792 | ▲ 29.8% |
| Other operating charges640/8 | - | - | - | €1,222 | €1,596 | €1,631 | €1,512 | ▼ 7.3% |
| Gross operating margin9900 | €109,295 | €158,590 | €244,374 | €247,565 | €220,629 | €292,195 | €205,083 | ▼ 29.8% |
| Operating profit (loss)9901 | €23,998 | €79,306 | €153,306 | €151,645 | €106,696 | €149,056 | €61,109 | ▼ 59.0% |
| Financial income75/76B | - | - | - | - | €1 | €4 | €164,749 | ▲ 37,273× |
| Recurring financial income75 | €545 | €1,526 | €400 | - | €1 | €4 | €164,749 | ▲ 37,273× |
| Financial charges65/66B | - | - | - | €227 | €11,496 | €1,634 | €432 | ▼ 73.5% |
| Recurring financial charges65 | €270 | €166 | €571 | €227 | €11,496 | €1,634 | €432 | ▼ 73.5% |
| Profit (loss) for the period before taxes9903 | €24,272 | €80,666 | €153,135 | €151,418 | €95,200 | €147,426 | €225,425 | ▲ 52.9% |
| Income taxes67/77 | €8,670 | €31,808 | €57,973 | €53,234 | €35,596 | €51,220 | €78,504 | ▲ 53.3% |
| Profit (loss) for the period9904 | €15,602 | €48,858 | €95,163 | €98,184 | €59,605 | €96,206 | €146,921 | ▲ 52.7% |
| Profit (loss) for the period to be appropriated9905 | €15,602 | €48,858 | €95,163 | €98,184 | €59,605 | €96,206 | €146,921 | ▲ 52.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €171,458 | €245,754 | €371,209 | €496,695 | €510,654 | €611,462 | €725,656 | ▲ 18.7% |
| Fixed assets21/28 | €8,093 | €19,685 | €53,031 | €114,330 | €87,222 | €173,696 | €97,104 | ▼ 44.1% |
| Tangible fixed assets22/27 | €7,493 | €19,085 | €52,431 | €113,730 | €86,622 | €173,096 | €96,504 | ▼ 44.2% |
| Plant, machinery and equipment23 | - | - | - | - | - | €113,583 | €66,583 | ▼ 41.4% |
| Furniture and vehicles24 | - | - | - | €107,930 | €80,822 | €53,713 | €29,921 | ▼ 44.3% |
| Other tangible fixed assets26 | - | - | - | €5,800 | €5,800 | €5,800 | - | - |
| Financial fixed assets28 | €600 | €600 | €600 | €600 | €600 | €600 | €600 | = |
| Current assets29/58 | €163,364 | €226,069 | €318,178 | €382,364 | €423,433 | €437,766 | €628,552 | ▲ 43.6% |
| Amounts receivable within one year40/41 | €90,745 | €145,570 | €149,297 | €93,587 | €124,579 | €86,524 | €50,111 | ▼ 42.1% |
| Trade receivables40 | - | - | - | €81,271 | €123,591 | €85,536 | €49,122 | ▼ 42.6% |
| Other amounts receivable41 | - | - | - | €12,316 | €988 | €988 | €988 | = |
| Current investments50/53 | - | - | - | €250,000 | €250,000 | €250,000 | €300,000 | ▲ 20.0% |
| Cash at bank and in hand54/58 | €66,635 | €78,822 | €167,760 | €38,777 | €47,442 | €98,416 | €278,441 | ▲ 183% |
| Deferred charges and accrued income490/1 | - | - | - | - | €1,412 | €2,825 | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €171,458 | €245,754 | €371,209 | €496,695 | €510,654 | €611,462 | €725,656 | ▲ 18.7% |
| Equity10/15 | €122,834 | €171,692 | €266,854 | €365,038 | €424,642 | €520,848 | €551,709 | ▲ 5.9% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | €9,900 | ▼ 83.9% |
| Capital10 | - | - | - | €61,500 | €61,500 | €61,500 | €9,900 | ▼ 83.9% |
| Issued capital100 | - | - | - | €61,500 | €61,500 | €61,500 | €9,900 | ▼ 83.9% |
| Reserves13 | €30,252 | €79,110 | €174,273 | €272,456 | €332,061 | €428,267 | €510,728 | ▲ 19.3% |
| Non-distributable reserves130/1 | - | - | - | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Legal reserve130 | - | - | - | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Tax-exempt reserves132 | - | - | - | €8,500 | €8,500 | €8,500 | €8,500 | = |
| Distributable reserves133 | - | - | - | €257,806 | €317,411 | €413,617 | €496,078 | ▲ 19.9% |
| Profit (loss) carried forward14 | €31,082 | €31,082 | €31,082 | €31,082 | €31,082 | €31,082 | €31,082 | = |
| Amounts payable17/49 | €48,624 | €74,062 | €104,355 | €131,657 | €86,012 | €90,613 | €173,947 | ▲ 92.0% |
| Amounts payable within one year42/48 | €48,624 | €74,062 | €104,355 | €131,657 | €86,012 | €90,613 | €173,947 | ▲ 92.0% |
| Trade debts44 | €7,965 | €5,632 | €5,605 | €5,272 | €5,971 | €1,953 | €17,480 | ▲ 795% |
| Suppliers440/4 | - | - | - | €5,272 | €5,971 | €1,953 | €17,480 | ▲ 795% |
| Taxes, remuneration and social security45 | - | - | - | €71,904 | €56,654 | €69,698 | €81,580 | ▲ 17.0% |
| Taxes450/3 | - | - | - | €64,686 | €50,920 | €63,665 | €81,580 | ▲ 28.1% |
| Remuneration and social security454/9 | - | - | - | €7,218 | €5,734 | €6,033 | - | - |
| Other amounts payable47/48 | - | - | - | €54,481 | €23,387 | €18,963 | €74,887 | ▲ 295% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,602 | €48,858 | €95,163 | €98,184 | €59,605 | €96,206 | €146,921 | ▲ 52.7% |
| + Depreciation and write-downs630 | €5,353 | €10,509 | €12,314 | €17,801 | €27,109 | €54,525 | €70,792 | ▲ 29.8% |
| Operating cash flow (approximation) | €20,955 | €59,367 | €107,476 | €115,985 | €86,713 | €150,731 | €217,713 | ▲ 44.4% |
| Investment in fixed assets (approximation) | - | -€22,100 | -€45,660 | -€79,100 | €0 | -€141,000 | €5,800 | - |
| Change in cash | - | €12,187 | €88,938 | -€128,983 | €8,665 | €50,974 | €180,026 | ▲ 253% |
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 21 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | micro format | 29-01-2026 | 2026-00018896 |
| 30-06-2024 | micro format | 31-01-2025 | 2025-00021803 |
| 30-06-2023 | micro format | 31-01-2024 | 2024-00018221 |
| 30-06-2022 | micro format | 30-01-2023 | 2023-00009996 |
| 30-06-2021 | micro format | 28-01-2022 | 2022-02600212 |
| 30-06-2020 | micro format | 26-01-2021 | 2021-01900521 |
| 30-06-2019 | micro format | 20-01-2020 | 2020-01700364 |
| 30-06-2018 | micro format | 26-11-2018 | 2018-72900083 |
| 30-06-2017 | micro format | 12-01-2018 | 2018-01200501 |
| 30-06-2016 | abbreviated format | 28-02-2017 | 2017-05200501 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| COGELS Jean-Benoit |
|
| de SOMER Nathalie |
|
Owners and capital
Capital and shareholders
- 02-04-2025 Capital reduction of €51,500 · to €10,000
Group and network
Connections & network
1 connected companyThe connected companies are in the list below.
History
LIBENTER was incorporated on 8 October 2004.1 The registered office was moved to Dworp in 2025.2 Since 2025, COGELS Jean-Benoit has served as niet statutaire enige bestuurder of the company.2 Total assets rose from €171,458 in 2019 to €725,656 in 2025 and headcount from 1.5 to 1.4 full-time equivalents.3
Acts, filings and financial milestones
02-04
Gazette deed
Resignations: de SOMER Nathalie (director) and COGELS Jean-Benoit (director)Appointment: COGELS Jean-Benoit (niet statutaire enige bestuurder) · Net-asset statement · Auditor report25 facts ▸
- Net-asset statement, EUR, “kapitaal vermeerderd met niet uitkeerbare wettelijke en statutaire reserves” (deed in Dutch)
- Auditor report, “omzetting_NV_LIBENTER_naar_BV, artikel14:4WVV” (deed in Dutch)
- Auditor report, 24-03-2025
- Other provision, “elke aandeelhouder, kennisname verslagen” (deed in Dutch)
- Capital decrease, €51,500
- Amendment of the articles (3 times)
- Capital conversion, “statutair onbeschikbare vermogensrekening van rechtswege, wettelijke reserve” (deed in Dutch)
- Reserve release, “vormen en meerderheden statutenwijziging, Zesde_besluit_b” (deed in Dutch)
- Director resignation, de SOMER Nathalie (director)
- Director resignation, COGELS Jean-Benoit (director)
- Director discharge, de SOMER Nathalie
- Director discharge, COGELS Jean-Benoit
- +13 further facts in this act
Show earlier events
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21305C0267/00W006 | Brussels | 531 m² | 1 · 542 m² | 13.1 m · 3 |
| 23017E0226/00M004 | Flanders | 180 m² | 1 · 180 m² | 15.4 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Hetvervaardigen,afwerken,aankopen,verkopenenverhandelen vanallesoortendrukwerk enallematerialen…” (deed in Dutch)
10 activities (deed in Dutch)
- Hetvervaardigen,afwerken,aankopen,verkopenenverhandelen vanallesoortendrukwerk enallematerialen eropbetrekkinghebbende,alsmedealletoebehoren,zowelinhetbinnenlandalsinhetbuitenland
- Allehandelingenvancommerciële,industriëleenfinanciëleaard,metroerendenonroerendkarakter,welkerechtstreeksof onrechtstreeks,verbandhoudenmetalleverrichtingenvanmobiliereenimmobiliereaard,zoalsaankopen,verkopen,ruilen,zaakverwaarneming,hurenenverhurenvanonroerendeenroerendegoederen,evenalsallerestauratie-activiteiten vanroerendeenonroerendegoederen,zowelopnationaalalsinternationaalvlak
- Hetopmakenvanbeheersplannenvoornatuurgebieden enhunomgeving.
- Hetuitvoerenvanallewerkennodigvoorhetuitvoerenvanbeheersplanneninenrondnatuurgebieden.
- Hetuitvoerenvanallewerkennodigvoorhetbeheerenonderhoudindebredezinvandebetekenisinenrondnatuurgebieden.
- Zijmagtevensalleverrichtingendoenvanontginningenbeplantingvanonroerendegoederen,hetoprichtenoflatenoprichtenvangebouwen enalleverrichtingen vanrecreatieveaard;tevensmagzijallefinanciëletransactiesdoen,inbegrepenbeleggingendiebetrekkinghebbenophetbeeldel vandevennootschap.
- Daartoekandevennootschapsamenwerkenmet,deelnemeninofopgelijkewelkewijze,rechtstreeksof onrechtstreeks,belangennemeninandereondernemingen.
- Dekan zoweltotwaarborgvaneigenverbintenissenalstotwaarborgvanverbintenisenvanderdenborgstellen,ondermeerdoorhaargoedereninhypotheekofinpandtegeven,inclusiefdeeigenhandelszaak.
- Dekaneveneenstredenasbestuurder,volmachtdrager,mandatarisofvereffenaarinanderevennootschappenofondernemingen.
- Dekaninhetalgemeenallecommerciële,industriële,financiële,roerendeofonroerendehandelingenverrichteninrechtstreeksof onrechtstreeksverbandmethaarmaatschappelijkdoelofwelkevanaard zoudenzijndeverwezenlijkingervangeheeloftendelatevergemakkelijken
- Name clauseThe name the company operates under according to its articles.
- One provision in the deed
- Legal form clauseThe legal form, such as BV, NV or CV, which decides which company-law rules apply.
- “LIBENTER, Artikel1” (deed in Dutch)
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- One provision in the deed
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Bestuursorgaan, algemene vergadering” (deed in Dutch)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Helft overdrager helft koper(s) naar evenredigheid aantal bij meer kopers, elke overdracht onder levenden ten bezwarende of kosteloze titel…” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Friday of October at 10:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Vormen vereist voor statutenwijziging, Artikel 24” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Artikel 25, bestuurder(s) in functie krachtens statuten indien geen andere vereffenaar benoemd” (deed in Dutch)