LIBERECO
ActiveSummary
The annual accounts of LIBERECO for fiscal year 2025 show a net loss of 69% of the equity at the start of that year. The 2025 annual accounts show equity of €4,284 and a net result of -€9,727. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 32% of 14220 sector peers (fiscal year 2025). The company has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability4▲+4
Solvency35▼-19
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 2.95 against 3.54 in 2024; short-term debt: 28.5% and cash: 6.9% of total assets), but 89.8% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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
10.2%
Return on assets
-23.1%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€9,727
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-08-2026, 19 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
19 d late
2024
53 d late
2023
30 d late
2022
31 d late
2021
30 d late
2020
88 d late
2019
94 d late
← 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 49 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€4,284▼ 69.4%
2024 · €14,011
Total assets
€42,176▼ 13.6%
2024 · €48,814
Net result
-€9,727▲ 33.5%
2024 · -€14,621
Working capital
€23,407▼ 5.5%
2024 · €24,768
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
Line20212022202320242025
Operating result€31,703€11,066▼ 65.1%-€5,033-€14,449▼ 187%-€5,072▲ 64.9%
Net result€31,527€10,819▼ 65.7%-€5,315-€14,621▼ 175%-€9,727▲ 33.5%
Equity€23,128€33,946▲ 46.8%€28,631▼ 15.7%€14,011▼ 51.1%€4,284▼ 69.4%
Total assets€75,088▲ 211%€109,093▲ 45.3%€66,243▼ 39.3%€48,814▼ 26.3%€42,176▼ 13.6%
Debt€51,960▲ 59.8%€75,147▲ 44.6%€37,611▼ 49.9%€34,803▼ 7.5%€37,892▲ 8.9%
Working capital€45,986€81,014▲ 76.2%€36,726▼ 54.7%€24,768▼ 32.6%€23,407▼ 5.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5,072 in 2025 against €14,449 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €42,176
Fixed assets
€6,762 ▼ 52.7%
Current assets
€35,414 ▲ 2.6%
Equity and liabilities €42,176
Equity
€4,284 ▼ 69.4%
Debt
€37,892 ▲ 8.9%
Debt's share of the balance-sheet total rises from 71.3% to 89.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€2,477▲
2024 · -€6,817
Cash flow
-€2,179▲
2024 · -€6,989
Current ratio
2.95▼
2024 · 3.54
Debt to equity
8.85▲
2024 · 2.48
ROE
-227.1%▼
2024 · -104.4%
ROA
-23.1%▲
2024 · -30.0%
Interest coverage
0.53▲
2024 · -39.52
Debt ≤ 1 year
€12,007▲
2024 · €9,736
Debt > 1 year
€25,885▲
2024 · €25,067
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,219 companies that looked in July 2024 the way this one looks now, 3.5% went bankrupt within 24 months and 88% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
3.5%
went bankrupt
7.4%
stopped otherwise
88%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 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% | 1.6% |
| 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 74% 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 1,219 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,372 | €4,210 | €5,637 | €7,632 | €7,548 | ▼ 1.1% |
| Other operating charges640/8 | €2,126 | €128 | €460 | €155 | €485 | ▲ 213% |
| Gross operating margin9900 | €42,201 | €15,403 | €1,065 | -€6,662 | €2,961 | ▲ 144% |
| Operating profit (loss)9901 | €31,703 | €11,066 | -€5,033 | -€14,449 | -€5,072 | ▲ 64.9% |
| Financial income75/76B | - | - | - | €0 | - | - |
| Recurring financial income75 | - | - | - | €0 | - | - |
| Financial charges65/66B | €177 | €247 | €282 | €173 | €4,656 | ▲ 2,599% |
| Recurring financial charges65 | €177 | €247 | €282 | €173 | €4,656 | ▲ 2,599% |
| Profit (loss) for the period before taxes9903 | €31,527 | €10,819 | -€5,315 | -€14,621 | -€9,727 | ▲ 33.5% |
| Profit (loss) for the period9904 | €31,527 | €10,819 | -€5,315 | -€14,621 | -€9,727 | ▲ 33.5% |
| Profit (loss) for the period to be appropriated9905 | €31,527 | €10,819 | -€5,315 | -€14,621 | -€9,727 | ▲ 33.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €75,088 | €109,093 | €66,243 | €48,814 | €42,176 | ▼ 13.6% |
| Fixed assets21/28 | €10,614 | €6,404 | €21,942 | €14,310 | €6,762 | ▼ 52.7% |
| Tangible fixed assets22/27 | €10,104 | €5,894 | €21,432 | €13,800 | €6,252 | ▼ 54.7% |
| Furniture and vehicles24 | €10,104 | €5,894 | €21,432 | €13,800 | €6,252 | ▼ 54.7% |
| Financial fixed assets28 | €510 | €510 | €510 | €510 | €510 | = |
| Current assets29/58 | €64,474 | €102,689 | €44,301 | €34,504 | €35,414 | ▲ 2.6% |
| Amounts receivable within one year40/41 | €30,130 | €10,710 | €14,272 | €26,080 | €32,490 | ▲ 24.6% |
| Trade receivables40 | €30,130 | €10,710 | €13,300 | €26,080 | €32,490 | ▲ 24.6% |
| Other amounts receivable41 | €0 | €0 | €972 | €0 | - | - |
| Cash at bank and in hand54/58 | €34,344 | €91,979 | €30,029 | €8,423 | €2,924 | ▼ 65.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €75,088 | €109,093 | €66,243 | €48,814 | €42,176 | ▼ 13.6% |
| Equity10/15 | €23,128 | €33,946 | €28,631 | €14,011 | €4,284 | ▼ 69.4% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | €4,528 | €15,346 | €10,031 | -€4,589 | -€14,316 | ▼ 212% |
| Amounts payable17/49 | €51,960 | €75,147 | €37,611 | €34,803 | €37,892 | ▲ 8.9% |
| Amounts payable after more than one year17 | €33,472 | €53,472 | €30,036 | €25,067 | €25,885 | ▲ 3.3% |
| Financial debts170/4 | €33,472 | €53,472 | €30,036 | €25,067 | €25,885 | ▲ 3.3% |
| Amounts payable within one year42/48 | €18,488 | €21,675 | €7,575 | €9,736 | €12,007 | ▲ 23.3% |
| Current portion of amounts payable after more than one year42 | - | - | €4,969 | €4,969 | €3,611 | ▼ 27.3% |
| Trade debts44 | €7,863 | €7,803 | - | €1,071 | €85 | ▼ 92.1% |
| Suppliers440/4 | €7,863 | €7,803 | - | €1,071 | €85 | ▼ 92.1% |
| Taxes, remuneration and social security45 | €5,038 | €7,272 | - | €3,590 | €7,618 | ▲ 112% |
| Taxes450/3 | €5,038 | €7,272 | - | €3,590 | €5,218 | ▲ 45.4% |
| Remuneration and social security454/9 | - | - | - | - | €2,400 | - |
| Other amounts payable47/48 | €5,588 | €6,600 | €2,606 | €106 | €693 | ▲ 555% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €31,527 | €10,819 | -€5,315 | -€14,621 | -€9,727 | ▲ 33.5% |
| + Depreciation and write-downs630 | €8,372 | €4,210 | €5,637 | €7,632 | €7,548 | ▼ 1.1% |
| Operating cash flow (approximation) | €39,898 | €15,028 | €322 | -€6,989 | -€2,179 | ▲ 68.8% |
| Investment in fixed assets (approximation) | - | €0 | -€21,175 | €0 | €0 | - |
| Change in cash | - | €57,635 | -€61,950 | -€21,606 | -€5,499 | ▲ 74.5% |
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
19-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 19 days late
2025
22-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 53 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Back to profitnet €31,527
Net result €31,527 after one loss-making year.
31-12
Financial
Liquidity times 20current ratio 3.49
Current ratio from 0.17 to 3.49; short-term debt falls from €32,510 to €18,488.
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 88 days late
2020
02-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 94 days late
2019
31-12
Financial
Back to profitnet €75
Net result €75 after one loss-making year.
14-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 75 days late
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 56 days late
2017
10-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 71 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Lasne · 2 establishment units since 2003
Ground area
4,232 m²
Building footprint
505 m²
Volume, LiDAR
2,050 m³
3 parcels, Flanders, Wallonia · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
2 establishment units
LIBERECO
since 20032.144.396.915
Valkenlaan 36, 1640 Sint-Genesius-Rode
since 20212.314.266.778
3 parcels
Flanders
1
(33.3%)
Wallonia
2
(66.7%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25051C0010/00D002 | Wallonia | 3,274 m² | 1 · 327 m² | 7.6 m · 2 fl. |
| 22552E0040/00S013 | Flanders | 711 m² | 1 · 131 m² | - |
| 25110B0574/00_000 | Wallonia | 247 m² | 1 · 46 m² | 11.5 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Wallonia-Brussels Federation
2021 · 2 entries · 10,000 EUR in total| Year | Entries | paid |
|---|---|---|
| 2021 | 2 | 10,000 EUR |
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Of 7,326 companies in sector 68110 we hold annual accounts for 5,384. 1,205 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-03-2003
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
82300Organisation of conventions and trade shows
90202Performing arts by artistic ensembles
90311Arts creation and performing arts activities
90312Arts creation and performing arts activities
93299Other amusement and recreation activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0479859493
Registered
22-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.