LIBOTTE
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 02-07-2026 at the NBB all 45 filings
Turnover
≈ €6,000
Estimated: probably between €2,200 and €13,000
Total assets
€13,666▲ 17.7%
2024 · €11,609
Net result
€423▼ 89.3%
2024 · €3,942
Working capital
-€3,723▲ 10.2%
2024 · -€4,146
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€514
▼ 87.4%
2025
20182025
Net result
€423
▼ 89.3%
2025
middle half of the sector
20182025
Equity
-€3,723
▲ 10.2%
2025
lowest quarter of the sector
20182025
Total assets
€13,666
▲ 17.7%
2025
lowest quarter of the sector
20182025
Debt
€17,389
▲ 10.4%
2025
20182025
Working capital
-€3,723
▲ 10.2%
2025
middle half of the sector
20182025
Solvency
-27.2%
▲ 8.5pp
2025
lowest quarter of the sector
20182025
Current ratio
0.79
▲ 0.05
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
3.1%
▼ 30.9pp
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€4,735-€4,336▼ 8.4%€7,047▲ 62.5%€2,368▼ 66.4%-€3,513€6,446€4,075▼ 36.8%€514▼ 87.4%
Net result€2,444-€2,065▼ 15.5%€5,060within the sector's middle half▲ 145%€318within the sector's middle half▼ 93.7%€205,126above the sector's middle half▲ 645×€6,077within the sector's middle half▼ 97.0%€3,942within the sector's middle half▼ 35.1%€423within the sector's middle half▼ 89.3%
Equity-€226,734--€224,670▲ 0.9%-€219,609below the sector's middle half▲ 2.3%-€219,291below the sector's middle half▲ 0.1%-€14,165below the sector's middle half▲ 93.5%-€8,088below the sector's middle half▲ 42.9%-€4,146below the sector's middle half▲ 48.7%-€3,723below the sector's middle half▲ 10.2%
Total assets€10,194-€15,211▲ 49.2%€18,325below the sector's middle half▲ 20.5%€21,102below the sector's middle half▲ 15.2%€14,281below the sector's middle half▼ 32.3%€11,614below the sector's middle half▼ 18.7%€11,609below the sector's middle half=€13,666below the sector's middle half▲ 17.7%
Debt€236,929-€239,880▲ 1.2%€237,934▼ 0.8%€240,393▲ 1.0%€28,447▼ 88.2%€19,702▼ 30.7%€15,755▼ 20.0%€17,389▲ 10.4%
Working capital-€10,734--€14,670▼ 36.7%-€9,609within the sector's middle half▲ 34.5%-€9,291below the sector's middle half▲ 3.3%-€12,411below the sector's middle half▼ 33.6%-€8,088within the sector's middle half▲ 34.8%-€4,146within the sector's middle half▲ 48.7%-€3,723within the sector's middle half▲ 10.2%
Solvency-99.2%below the sector's middle half-69.6%below the sector's middle half▲ 29.5pp-35.7%below the sector's middle half▲ 33.9pp-27.2%below the sector's middle half▲ 8.5pp
Current ratio0.49-0.51▲ 0.020.66below the sector's middle half▲ 0.150.69below the sector's middle half▲ 0.040.54below the sector's middle half▼ 0.160.59below the sector's middle half▲ 0.050.74below the sector's middle half▲ 0.150.79below the sector's middle half▲ 0.05
Return on assets (ROA)24.0%-13.6%▼ 10.4pp27.6%above the sector's middle half▲ 14.0pp1.5%within the sector's middle half▼ 26.1pp52.3%above the sector's middle half34.0%above the sector's middle half▼ 18.4pp3.1%within the sector's middle half▼ 30.9pp
above
within
below
The sector band is the middle half of the companies in Retail trade (NACE 47). 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 87% lower than in 2024. It is the second fall in a row.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Key figures and ratios
Quick ratio
0.16▲
2024 · 0.10
Debt ≤ 1 year
€17,389▲
2024 · €15,755
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | €0 | €0 | - | - | - | - | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €7,100 | - | - | - | - |
| Other operating charges640/8 | - | - | - | €370 | €641 | €499 | €164 | €62 | ▼ 62.2% |
| Gross operating margin9900 | €4,854 | €4,648 | €7,185 | €2,738 | €4,227 | €6,945 | €4,239 | €576 | ▼ 86.4% |
| Operating profit (loss)9901 | €4,735 | €4,336 | €7,047 | €2,368 | -€3,513 | €6,446 | €4,075 | €514 | ▼ 87.4% |
| Financial income75/76B | - | - | - | - | €210,000 | - | - | - | - |
| Recurring financial income75 | - | - | - | - | €210,000 | - | - | - | - |
| Non-recurring financial income76B | - | - | - | - | €210,000 | - | - | - | - |
| Financial charges65/66B | - | - | - | €2,049 | €1,361 | €369 | €133 | €90 | ▼ 32.2% |
| Recurring financial charges65 | €2,291 | €2,272 | €1,987 | €2,049 | €1,361 | €369 | €133 | €90 | ▼ 32.2% |
| Profit (loss) for the period before taxes9903 | €2,444 | €2,065 | €5,060 | €318 | €205,126 | €6,077 | €3,942 | €423 | ▼ 89.3% |
| Profit (loss) for the period9904 | €2,444 | €2,065 | €5,060 | €318 | €205,126 | €6,077 | €3,942 | €423 | ▼ 89.3% |
| Profit (loss) for the period to be appropriated9905 | €2,444 | €2,065 | €5,060 | €318 | €205,126 | €6,077 | €3,942 | €423 | ▼ 89.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €10,194 | €15,211 | €18,325 | €21,102 | €14,281 | €11,614 | €11,609 | €13,666 | ▲ 17.7% |
| Current assets29/58 | €10,194 | €15,211 | €18,325 | €21,102 | €14,281 | €11,614 | €11,609 | €13,666 | ▲ 17.7% |
| Stocks and contracts in progress3 | - | €5,009 | €9,307 | €11,705 | €11,864 | €10,196 | €10,099 | €10,951 | ▲ 8.4% |
| Stocks30/36 | - | - | - | €11,705 | €11,864 | €10,196 | €10,099 | €10,951 | ▲ 8.4% |
| Amounts receivable within one year40/41 | €10,194 | €9,916 | €8,939 | €9,152 | €1,508 | €708 | €994 | €0 | ▼ 100% |
| Trade receivables40 | - | - | - | €9,152 | €662 | €532 | €994 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | - | €847 | €176 | - | - | - |
| Cash at bank and in hand54/58 | - | €286 | €79 | €245 | €669 | €691 | €516 | - | - |
| Deferred charges and accrued income490/1 | - | - | - | - | €240 | €18 | - | €2,715 | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €10,194 | €15,211 | €18,325 | €21,102 | €14,281 | €11,614 | €11,609 | €13,666 | ▲ 17.7% |
| Equity10/15 | -€226,734 | -€224,670 | -€219,609 | -€219,291 | -€14,165 | -€8,088 | -€4,146 | -€3,723 | ▲ 10.2% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €29,493 | €29,493 | €29,493 | €29,493 | €29,493 | €29,493 | €29,493 | €29,493 | = |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | - | - | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | - | - | - | €27,634 | €27,634 | €27,634 | €27,634 | €27,634 | = |
| Profit (loss) carried forward14 | -€274,828 | -€272,763 | -€267,703 | -€267,385 | -€62,258 | -€56,181 | -€52,239 | -€51,816 | ▲ 0.8% |
| Amounts payable17/49 | €236,929 | €239,880 | €237,934 | €240,393 | €28,447 | €19,702 | €15,755 | €17,389 | ▲ 10.4% |
| Amounts payable after more than one year17 | €216,000 | €210,000 | €210,000 | €210,000 | €1,754 | €0 | - | - | - |
| Financial debts170/4 | - | - | - | €210,000 | €1,754 | €0 | - | - | - |
| Amounts payable within one year42/48 | €20,929 | €29,880 | €27,934 | €30,393 | €26,693 | €19,702 | €15,755 | €17,389 | ▲ 10.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €5,263 | €1,754 | €0 | - | - |
| Financial debts43 | - | - | - | €18,006 | - | - | - | - | - |
| Credit institutions430/8 | - | - | - | €18,006 | - | - | - | - | - |
| Trade debts44 | €127 | €3,200 | €3,205 | €107 | €354 | €253 | €171 | €54 | ▼ 68.1% |
| Suppliers440/4 | - | - | - | €107 | €354 | €253 | €171 | €54 | ▼ 68.1% |
| Taxes, remuneration and social security45 | - | - | - | €206 | - | - | €477 | €650 | ▲ 36.3% |
| Taxes450/3 | - | - | - | €206 | - | - | €477 | €650 | ▲ 36.3% |
| Other amounts payable47/48 | - | - | - | €12,075 | €21,076 | €17,695 | €15,107 | €16,685 | ▲ 10.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,444 | €2,065 | €5,060 | €318 | €205,126 | €6,077 | €3,942 | €423 | ▼ 89.3% |
| + Depreciation and write-downs630 | €0 | €0 | €0 | - | - | - | - | - | - |
| Operating cash flow (approximation) | €2,444 | €2,065 | €5,060 | €318 | €205,126 | €6,077 | €3,942 | €423 | ▼ 89.3% |
| Change in cash | - | - | -€207 | €166 | €424 | €23 | -€176 | - | - |
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, 1,449 companies had the same profile as LIBOTTE has now. Two years later, 92.2% were still going and 2.5% had gone bankrupt.
- Micro
- 20 years or older
- negative equity
- a profit under 5% of the balance sheet
92.2%
was still going
4.8%
stopped otherwise
2.5%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LIBOTTE itself: 2.2% 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 1,449 companies, not a prediction for LIBOTTE. 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 45 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 02-07-2026 | 2026-00250050 | |
| 31-12-2024 | micro format | 08-08-2025 | 2025-00367097 | |
| 31-12-2023 | micro format | 24-07-2024 | 2024-00277647 | |
| 31-12-2022 | micro format | 11-07-2023 | 2023-00229200 | |
| 31-12-2021 | micro format | 13-08-2022 | 2022-20286669 | |
| 31-12-2020 | micro format | 04-08-2021 | 2021-46100329 | |
| 31-12-2019 | micro format | 22-06-2020 | 2020-18900451 | |
| 31-12-2018 | micro format | 13-08-2019 | 2019-46200432 | |
| 31-12-2017 | micro format | 23-07-2018 | 2018-36700269 | |
| 31-12-2016 | abbreviated format | 12-07-2017 | 2017-31400551 |