LIBOCO
ActiveSummary
LIBOCO has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €62,460 and a net result of €5,494. Equity is growing by ~15.1% per year across the filed fiscal years. Its solvency ranks better than 86% of 9557 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▼-1
Solvency100▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 3.36 against 1.85 in 2024; short-term debt: 12.1% and cash: 35.4% of total assets), and 13.4% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
86.6%
Return on assets
7.6%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-07-2026, 15 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
15 d early
2024
13 d early
2023
35 d early
2022
25 d early
2021
18 d early
2020
2 d late
2019
14 d early
← 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 17 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% 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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€62,460▲ 9.6%
2024 · €56,966
Total assets
€72,121▼ 8.8%
2024 · €79,065
Net result
€5,494▼ 18.8%
2024 · €6,763
Working capital
€20,503▲ 56.1%
2024 · €13,132
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€19,058▼ 35.7%€17,317▼ 9.1%€3,476▼ 79.9%€10,734▲ 209%€9,295▼ 13.4%
Net result€13,191within the sector's middle half▼ 40.0%€10,414within the sector's middle half▼ 21.1%-€498below the sector's middle half€6,763within the sector's middle half€5,494within the sector's middle half▼ 18.8%
Equity€46,487within the sector's middle half▲ 26.0%€69,301within the sector's middle half▲ 49.1%€56,402within the sector's middle half▼ 18.6%€56,966within the sector's middle half▲ 1.0%€62,460within the sector's middle half▲ 9.6%
Total assets€61,070below the sector's middle half▲ 3.8%€98,115within the sector's middle half▲ 60.7%€85,110within the sector's middle half▼ 13.3%€79,065within the sector's middle half▼ 7.1%€72,121within the sector's middle half▼ 8.8%
Debt€14,583▼ 33.5%€28,815▲ 97.6%€28,707▼ 0.4%€22,099▼ 23.0%€9,661▼ 56.3%
Working capital€21,327within the sector's middle half▲ 688%€19,032within the sector's middle half▼ 10.8%€673below the sector's middle half▼ 96.5%€13,132within the sector's middle half▲ 1,851%€20,503within the sector's middle half▲ 56.1%
Solvency76.1%above the sector's middle half▲ 13.4pp70.6%within the sector's middle half▼ 5.5pp66.3%within the sector's middle half▼ 4.4pp72.0%within the sector's middle half▲ 5.8pp86.6%above the sector's middle half▲ 14.6pp
Current ratio2.46within the sector's middle half▲ 1.342.80within the sector's middle half▲ 0.331.04below the sector's middle half▼ 1.751.85within the sector's middle half▲ 0.813.36within the sector's middle half▲ 1.50
Return on assets (ROA)21.6%within the sector's middle half▼ 15.8pp10.6%within the sector's middle half▼ 11.0pp-0.6%below the sector's middle half▼ 11.2pp8.6%within the sector's middle half▲ 9.1pp7.6%within the sector's middle half▼ 0.9pp
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 13% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €72,121
Fixed assets
€42,915 ▼ 15.1%
Current assets
€29,205 ▲ 2.4%
Equity and liabilities €72,121
Equity
€62,460 ▲ 9.6%
Debt
€9,661 ▼ 56.3%
Debt's share of the balance-sheet total falls from 28.0% to 13.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€23,930▼
2024 · €28,726
Cash flow
€20,129▼
2024 · €24,755
Debt to equity
0.15▼
2024 · 0.39
ROE
8.8%▼
2024 · 11.9%
Interest coverage
63.92▼
2024 · 90.73
Debt ≤ 1 year
€8,702▼
2024 · €15,388
Debt > 1 year
€959▼
2024 · €6,712
Income taxes
€3,426▼
2024 · €3,665
Staff costs
€2,877▼
2024 · €3,129
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 26,970 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €12,894 | - | - | - | - |
| Remuneration, social security and pensions62 | €11,280 | €2,914 | €4,400 | €3,129 | €2,877 | ▼ 8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,330 | €17,513 | €9,290 | €17,992 | €14,635 | ▼ 18.7% |
| Other operating charges640/8 | €1,638 | €4,054 | €1,743 | €698 | €1,284 | ▲ 84.1% |
| Non-recurring operating charges66A | - | - | €9,072 | - | - | - |
| Gross operating margin9900 | €47,306 | €41,798 | €27,981 | €32,552 | €28,092 | ▼ 13.7% |
| Operating profit (loss)9901 | €19,058 | €17,317 | €3,476 | €10,734 | €9,295 | ▼ 13.4% |
| Financial income75/76B | €21 | - | - | €12 | - | - |
| Recurring financial income75 | €21 | - | - | €12 | - | - |
| Financial charges65/66B | €177 | €518 | €389 | €317 | €374 | ▲ 18.2% |
| Recurring financial charges65 | €177 | €518 | €389 | €317 | €374 | ▲ 18.2% |
| Profit (loss) for the period before taxes9903 | €18,902 | €16,799 | €3,088 | €10,429 | €8,920 | ▼ 14.5% |
| Income taxes67/77 | €5,711 | €6,385 | €3,586 | €3,665 | €3,426 | ▼ 6.5% |
| Profit (loss) for the period9904 | €13,191 | €10,414 | -€498 | €6,763 | €5,494 | ▼ 18.8% |
| Profit (loss) for the period to be appropriated9905 | €13,191 | €10,414 | -€498 | €6,763 | €5,494 | ▼ 18.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €61,070 | €98,115 | €85,110 | €79,065 | €72,121 | ▼ 8.8% |
| Fixed assets21/28 | €25,160 | €68,486 | €68,538 | €50,546 | €42,915 | ▼ 15.1% |
| Tangible fixed assets22/27 | €25,160 | €68,486 | €68,538 | €50,546 | €42,915 | ▼ 15.1% |
| Land and buildings22 | - | - | €4,561 | €4,077 | €9,266 | ▲ 127% |
| Plant, machinery and equipment23 | - | - | - | - | €1,018 | - |
| Furniture and vehicles24 | €25,160 | €68,486 | €63,977 | €46,468 | €32,632 | ▼ 29.8% |
| Current assets29/58 | €35,909 | €29,629 | €16,572 | €28,519 | €29,205 | ▲ 2.4% |
| Amounts receivable within one year40/41 | €1,047 | €1,012 | €3,834 | €3,759 | €3,436 | ▼ 8.6% |
| Trade receivables40 | - | - | €2,045 | - | - | - |
| Other amounts receivable41 | €1,047 | €1,012 | €1,789 | €3,759 | €3,436 | ▼ 8.6% |
| Cash at bank and in hand54/58 | €33,953 | €27,843 | €12,253 | €24,434 | €25,542 | ▲ 4.5% |
| Deferred charges and accrued income490/1 | €910 | €773 | €485 | €327 | €227 | ▼ 30.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €61,070 | €98,115 | €85,110 | €79,065 | €72,121 | ▼ 8.8% |
| Equity10/15 | €46,487 | €69,301 | €56,402 | €56,966 | €62,460 | ▲ 9.6% |
| Contributions10/11 | €6,200 | €18,600 | €6,200 | €3,000 | €3,000 | = |
| Reserves13 | €1,860 | €12,274 | €12,274 | €16,037 | €21,531 | ▲ 34.3% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | €10,414 | €12,274 | €16,037 | €21,531 | ▲ 34.3% |
| Profit (loss) carried forward14 | €38,427 | €38,427 | €37,929 | €37,929 | €37,929 | = |
| Amounts payable17/49 | €14,583 | €28,815 | €28,707 | €22,099 | €9,661 | ▼ 56.3% |
| Amounts payable after more than one year17 | - | €18,217 | €12,464 | €6,712 | €959 | ▼ 85.7% |
| Financial debts170/4 | - | €18,217 | €12,464 | €6,712 | €959 | ▼ 85.7% |
| Amounts payable within one year42/48 | €14,583 | €10,597 | €15,899 | €15,388 | €8,702 | ▼ 43.4% |
| Current portion of amounts payable after more than one year42 | - | €5,753 | €5,753 | €5,753 | €5,753 | = |
| Trade debts44 | €1,489 | €435 | €346 | €1,520 | €213 | ▼ 86.0% |
| Suppliers440/4 | €1,489 | €435 | €346 | €1,520 | €213 | ▼ 86.0% |
| Taxes, remuneration and social security45 | €10,059 | €3,198 | €8,394 | €3,160 | €673 | ▼ 78.7% |
| Taxes450/3 | €10,059 | €3,198 | €8,394 | €2,860 | €673 | ▼ 76.5% |
| Remuneration and social security454/9 | - | - | - | €300 | - | - |
| Other amounts payable47/48 | €3,034 | €1,212 | €1,406 | €4,955 | €2,064 | ▼ 58.3% |
| Accrued charges and deferred income492/3 | - | - | €344 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,191 | €10,414 | -€498 | €6,763 | €5,494 | ▼ 18.8% |
| + Depreciation and write-downs630 | €15,330 | €17,513 | €9,290 | €17,992 | €14,635 | ▼ 18.7% |
| Operating cash flow (approximation) | €28,521 | €27,926 | €8,791 | €24,755 | €20,129 | ▼ 18.7% |
| Investment in fixed assets (approximation) | - | -€60,838 | -€9,341 | €0 | -€7,005 | - |
| Change in cash | - | -€6,109 | -€15,590 | €12,181 | €1,108 | ▼ 90.9% |
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
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €6,763
Net result €6,763 after one loss-making year.
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€498
Net result drops to -€498, the lowest in the series; recovery starts the following year.
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity doublescurrent ratio 2.46
Current ratio from 1.12 to 2.46; short-term debt falls from €21,913 to €14,583.
02-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 2 days late
2020
31-12
Financial
Highest result since 2018net €21,999 ▲278%
Operating result €29,641, net result €21,999, both a record.
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Tongeren-Borgloon · 1 establishment unit since 2017
Ground area
272 m²
Building footprint
92 m²
Volume, LiDAR
868 m³
Parcel 73083D0265/00X002, Flanders · tallest building 12.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Albertwal 29, 3700 Tongeren-Borgloon
since 20172.266.653.141
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73083D0265/00X002 | Flanders | 272 m² | 1 · 92 m² | 12.2 m · 3 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.
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Of 11,577 companies in sector 71121 we hold annual accounts for 6,570. 5,036 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
Founded08-08-2017
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
41001General construction of residential buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0679660291
Also
9925:BE0679660291
Registered
19-09-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.