LIBICA
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 24-04-2026 PDF all 36 filings
Turnover
≈ €1.4m
Estimated: probably between €1.1m and €2.4m
EBIT margin
Not included in this filing
Net result
-€38,341
2024 · €61,341
Working capital
€533,563▼ 12.8%
2024 · €611,974
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
-€95,712
2025
20192025
Net result
-€38,341
2025
lowest quarter of the sector
20192025
Equity
€815,639
▼ 4.5%
2025
middle half of the sector
20192025
Total assets
€1.3m
▼ 14.5%
2025
middle half of the sector
20192025
Debt
€497,164
▼ 27.1%
2025
20192025
Working capital
€533,563
▼ 12.8%
2025
middle half of the sector
20192025
Solvency
62.1%
▲ 6.5pp
2025
middle half of the sector
20192025
Current ratio
2.42
▲ 0.19
2025
middle half of the sector
20192025
Return on assets (ROA)
-2.9%
▼ 6.9pp
2025
lowest quarter of the sector
20192025
Staff (FTE)
10.2
▲ 5.2%
2025
middle half of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€0.04m-€0.09m▲ 94.3%€0.2m▲ 152%€0.2m▼ 28.9%€0.06m▼ 59.2%€0.09m▲ 36.8%-€0.1m
Net result€0.04m-€0.06mabove the sector's middle half▲ 42.3%€0.2mabove the sector's middle half▲ 170%€0.1mwithin the sector's middle half▼ 27.8%€0.05mwithin the sector's middle half▼ 61.9%€0.06mwithin the sector's middle half▲ 30.5%-€0.04mbelow the sector's middle half
Equity€0.4m-€0.5mwithin the sector's middle half▲ 15.8%€0.6mwithin the sector's middle half▲ 36.8%€0.8mwithin the sector's middle half▲ 19.4%€0.8mwithin the sector's middle half▲ 6.2%€0.9mwithin the sector's middle half▲ 6.0%€0.8mwithin the sector's middle half▼ 4.5%
Total assets€1.3m-€1.1mwithin the sector's middle half▼ 9.6%€1.2mwithin the sector's middle half▲ 5.7%€1.4mwithin the sector's middle half▲ 11.4%€1.3mwithin the sector's middle half▼ 3.3%€1.5mwithin the sector's middle half▲ 17.5%€1.3mwithin the sector's middle half▼ 14.5%
Debt€0.9m-€0.7m▼ 21.3%€0.6m▼ 15.5%€0.6m▲ 2.7%€0.5m▼ 15.5%€0.7m▲ 36.0%€0.5m▼ 27.1%
Working capital€0.6m-€0.5mabove the sector's middle half▼ 5.5%€0.7mabove the sector's middle half▲ 27.4%€0.8mabove the sector's middle half▲ 13.6%€0.8mabove the sector's middle half▲ 0.3%€0.6mabove the sector's middle half▼ 21.4%€0.5mwithin the sector's middle half▼ 12.8%
Solvency31.6%-40.5%within the sector's middle half▲ 8.9pp52.4%within the sector's middle half▲ 11.9pp56.1%above the sector's middle half▲ 3.7pp61.6%above the sector's middle half▲ 5.5pp55.6%within the sector's middle half▼ 6.0pp62.1%within the sector's middle half▲ 6.5pp
Current ratio2.49-2.61above the sector's middle half▲ 0.123.34above the sector's middle half▲ 0.733.08above the sector's middle half▼ 0.253.23above the sector's middle half▲ 0.142.24within the sector's middle half▼ 0.992.42within the sector's middle half▲ 0.19
Return on assets (ROA)3.5%-5.5%within the sector's middle half▲ 2.0pp14.1%above the sector's middle half▲ 8.6pp9.1%above the sector's middle half▼ 5.0pp3.6%within the sector's middle half▼ 5.5pp4.0%within the sector's middle half▲ 0.4pp-2.9%below the sector's middle half▼ 6.9pp
Staff (FTE)14.5-12.5within the sector's middle half▼ 13.8%10.4within the sector's middle half▼ 16.8%9.6within the sector's middle half▼ 7.7%9.2within the sector's middle half▼ 4.2%9.7within the sector's middle half▲ 5.4%10.2within the sector's middle half▲ 5.2%
above
within
below
The sector band is the middle half of the companies in Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €95,712, after a profit of €86,370 in 2024. It is the lowest result since 2021.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.3m
Fixed assets
€395,393 ▼ 4.4%
Current assets
€908,164 ▼ 17.9%
Equity and liabilities €1.3m
Equity
€815,639 ▼ 4.5%
Debt
€497,164 ▼ 27.1%
Debt's share of the balance-sheet total falls from 44.4% to 37.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€62,614▼
2024 · €118,721
Cash flow
-€5,243▼
2024 · €93,691
Quick ratio
0.43▼
2024 · 0.51
Debt to equity
0.61▼
2024 · 0.80
ROE
-4.7%▼
2024 · 7.2%
Interest coverage
-4.68▼
2024 · 8.70
Debt ≤ 1 year
€374,601▼
2024 · €493,885
Debt > 1 year
€117,428▼
2024 · €183,247
Income taxes
€9▼
2024 · €23,559
Staff costs
€434,193▲
2024 · €398,481
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 12 | 11 | 11 | 12 |
| full-time | 6 | 6 | 7 | 9 |
| part-time | 6 | 5 | 4 | 3 |
| in full-time equivalents | 9.3 | 9.9 | 9.6 | 10.7 |
| Average over the year, in full-time equivalents | 9.6 | 9.2 | 9.7 | 10.2 |
| On a permanent contract | 8 | 9 | 9 | 10 |
| Joined | 24 | 14 | 16 | 14 |
| Left | 26 | 16 | 17 | 15 |
Source: social balance sheet in the 2022 to 2025 annual accounts
Securities and guarantees
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|
| Debts secured on the company's own assets | €223,830 | €158,240 | €91,695 | €24,180 |
| Mortgages, amount registered | €275,000 | €275,000 | €275,000 | - |
| Mortgage mandates | - | - | - | €275,000 |
| Carrying value of the mortgaged assets | €54,369 | €48,394 | €42,419 | €48,312 |
| Pledge on the business | €295,000 | €295,000 | €295,000 | €295,000 |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | €8,406 | €12,099 | €7,500 |
| Financial fixed assets | - | - | €271,892 | - |
| Depreciation and write-downs of the year | €34,429 | €33,206 | €32,351 | €33,098 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €312,774 | €385,483 | €398,481 | €434,193 | ▲ 9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €43,674 | €40,636 | €39,863 | €34,429 | €33,206 | €32,351 | €33,098 | ▲ 2.3% |
| Other operating charges640/8 | - | - | - | €2,446 | €3,461 | €5,268 | €3,351 | ▼ 36.4% |
| Gross operating margin9900 | €508,703 | €462,282 | €584,820 | €504,431 | €485,302 | €522,470 | €374,930 | ▼ 28.2% |
| Operating profit (loss)9901 | €44,408 | €86,297 | €217,784 | €154,782 | €63,151 | €86,370 | -€95,712 | - |
| Financial income75/76B | - | - | - | €19,741 | €14,111 | €12,170 | €70,752 | ▲ 481% |
| Recurring financial income75 | €18,108 | €14,658 | €17,920 | €19,574 | €14,111 | €12,170 | €70,752 | ▲ 481% |
| Non-recurring financial income76B | - | - | - | €166 | €0 | - | - | - |
| Financial charges65/66B | - | - | - | €9,023 | €9,870 | €13,640 | €13,373 | ▼ 2.0% |
| Recurring financial charges65 | €10,629 | €10,180 | €8,407 | €9,023 | €9,870 | €13,640 | €13,373 | ▼ 2.0% |
| Profit (loss) for the period before taxes9903 | €55,163 | €90,775 | €227,297 | €165,499 | €67,393 | €84,899 | -€38,332 | - |
| Income taxes67/77 | €10,601 | €27,357 | €56,362 | €42,145 | €20,371 | €23,559 | €9 | ▼ 100.0% |
| Profit (loss) for the period9904 | €44,561 | €63,418 | €170,935 | €123,354 | €47,022 | €61,341 | -€38,341 | - |
| Profit (loss) for the period to be appropriated9905 | €44,561 | €63,418 | €170,935 | €123,354 | €47,022 | €61,341 | -€38,341 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €1.3m | €1.1m | €1.2m | €1.4m | €1.3m | €1.5m | €1.3m | ▼ 14.5% |
| Formation expenses20 | €0.05m | €0.05m | €0.04m | €0.03m | €0.02m | €0.02m | €0.009m | ▼ 44.4% |
| Fixed assets21/28 | €0.3m | €0.2m | €0.2m | €0.2m | €0.2m | €0.4m | €0.4m | ▼ 4.4% |
| Intangible fixed assets21 | €0.1m | €0.1m | €0.1m | €0.09m | €0.08m | €0.06m | €0.05m | ▼ 25.0% |
| Tangible fixed assets22/27 | €0.1m | €0.09m | €0.07m | €0.06m | €0.06m | €0.06m | €0.06m | ▼ 5.3% |
| Land and buildings22 | - | - | - | €0.05m | €0.05m | €0.05m | €0.05m | ▼ 0.1% |
| Plant, machinery and equipment23 | - | - | - | €0.004m | €0.002m | €0.001m | €236 | ▼ 80.0% |
| Furniture and vehicles24 | - | - | - | €0 | - | - | - | - |
| Other tangible fixed assets26 | - | - | - | €0.002m | €0.008m | €0.01m | €0.009m | ▼ 19.8% |
| Financial fixed assets28 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.3m | €0.3m | = |
| Current assets29/58 | €0.9m | €0.9m | €1.0m | €1.1m | €1.1m | €1.1m | €0.9m | ▼ 17.9% |
| Stocks and contracts in progress3 | €0.7m | €0.7m | €0.7m | €0.8m | €0.9m | €0.9m | €0.7m | ▼ 12.7% |
| Stocks30/36 | - | - | - | €0.8m | €0.9m | €0.9m | €0.7m | ▼ 12.7% |
| Amounts receivable within one year40/41 | €0.2m | €0.03m | €0.03m | €0.07m | €0.1m | €0.1m | €0.1m | ▼ 28.9% |
| Trade receivables40 | - | - | - | €0.06m | €0.05m | €0.04m | €0.07m | ▲ 73.5% |
| Other amounts receivable41 | - | - | - | €0.003m | €0.08m | €0.1m | €0.03m | ▼ 70.7% |
| Cash at bank and in hand54/58 | €0.06m | €0.2m | €0.3m | €0.3m | €0.1m | €0.1m | €0.05m | ▼ 54.4% |
| Deferred charges and accrued income490/1 | - | - | - | €0.004m | €0.003m | €349 | €0.01m | ▲ 32× |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €1.3m | €1.1m | €1.2m | €1.4m | €1.3m | €1.5m | €1.3m | ▼ 14.5% |
| Equity10/15 | €0.4m | €0.5m | €0.6m | €0.8m | €0.8m | €0.9m | €0.8m | ▼ 4.5% |
| Contributions10/11 | €0.3m | - | - | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Reserves13 | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0 | - | - |
| Non-distributable reserves130/1 | - | - | - | €0.03m | €0.03m | €0 | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.03m | €0.03m | €0 | - | - |
| Profit (loss) carried forward14 | €0.07m | €0.1m | €0.3m | €0.4m | €0.5m | €0.6m | €0.5m | ▼ 6.9% |
| Amounts payable17/49 | €0.9m | €0.7m | €0.6m | €0.6m | €0.5m | €0.7m | €0.5m | ▼ 27.1% |
| Amounts payable after more than one year17 | €0.5m | €0.3m | €0.3m | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 35.9% |
| Financial debts170/4 | - | - | - | €0.2m | €0.1m | €0.2m | €0.1m | ▼ 35.9% |
| Other amounts payable178/9 | - | - | - | €0.04m | €0.04m | €0 | - | - |
| Amounts payable within one year42/48 | €0.4m | €0.3m | €0.3m | €0.4m | €0.3m | €0.5m | €0.4m | ▼ 24.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.07m | €0.07m | €0.1m | €0.07m | ▼ 38.8% |
| Financial debts43 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | ▲ 0.2% |
| Credit institutions430/8 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | ▲ 0.2% |
| Trade debts44 | €0.2m | €0.2m | €0.1m | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 41.6% |
| Suppliers440/4 | - | - | - | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 41.6% |
| Taxes, remuneration and social security45 | - | - | - | €0.05m | €0.07m | €0.06m | €0.1m | ▲ 71.2% |
| Taxes450/3 | - | - | - | €0.01m | €0.004m | €0.009m | €0.02m | ▲ 91.1% |
| Remuneration and social security454/9 | - | - | - | €0.04m | €0.07m | €0.05m | €0.09m | ▲ 67.9% |
| Other amounts payable47/48 | - | - | - | €0.009m | €0 | €0.08m | €0.05m | ▼ 35.2% |
| Accrued charges and deferred income492/3 | - | - | - | €0.004m | €0 | €0.005m | €0.005m | ▲ 3.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €44,561 | €63,418 | €170,935 | €123,354 | €47,022 | €61,341 | -€38,341 | - |
| + Depreciation and write-downs630 | €43,674 | €40,636 | €39,863 | €34,429 | €33,206 | €32,351 | €33,098 | ▲ 2.3% |
| Operating cash flow (approximation) | €88,235 | €104,054 | €210,797 | €157,783 | €80,228 | €93,691 | -€5,243 | - |
| Investment in fixed assets (approximation) | - | -€6,088 | -€7,391 | -€7,391 | -€15,797 | -€291,382 | -€14,891 | ▲ 94.9% |
| Change in cash | - | €109,786 | €112,655 | -€11,957 | -€126,223 | -€34,798 | -€57,966 | ▼ 66.6% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 8,617 companies had the same profile as LIBICA has now. Two years later, 94.1% were still going and 0.4% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
94.1%
was still going
5.2%
stopped otherwise
0.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LIBICA itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 8,617 companies, not a prediction for LIBICA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 36 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | full format | 24-04-2026 | 2026-00089414 | |
| 30-09-2024 | full format | 11-04-2025 | 2025-00069203 | |
| 30-09-2023 | full format | 29-03-2024 | 2024-00056246 | |
| 30-09-2022 | full format | 12-04-2023 | 2023-00058642 | |
| 30-09-2021 | full format | 29-03-2022 | 2022-09200426 | |
| 30-09-2020 | full format | 27-04-2021 | 2021-11500422 | |
| 30-09-2019 | full format | 22-04-2020 | 2020-09600548 | |
| 30-09-2018 | full format | 30-04-2019 | 2019-11700464 | |
| 31-12-2017 | full format | 29-08-2018 | 2018-53700582 | |
| 31-12-2016 | full format | 25-07-2017 | 2017-35800130 |