Losses
-€33,214 in two years
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
LIBOU
Overview
Lifetime
2 annual accounts with figures on one time axispeak -€2,921 (2024)
-€17,295▼ €14,374
lowest -€27,170 (2025)
-€27,170▼ €21,126
peak €113,180 (2024)
€86,009▼ 24.0%
€339,010▲ 547%
Board1 name since 2023
1 directorBOUCHERIE Lisa
Documentsfilings and deeds
23-12-202539 days before the deadline
2025abbreviated format
Gross margin from -€2,921 to -€17,295Loss of €27,170Equity from €113,180 to €86,009Debts from €52,378 to €339,010Cash from €3,066 to €34,263
Key points
from the 2025 annual accountsTurnover not published (abbreviated format)
Checked score
81
Excellent
Financially stronger than 24% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,625 companies (NACE 68, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.9%highest value
01-2025: 0.9%● unchanged vs 12-2024highest value
02-2025: 0.6%▼ -0.3 percentage points vs 01-2025
03-2025: 0.7%▲ +0.1 percentage points vs 02-2025
04-2025: 0.6%▼ -0.1 percentage points vs 03-2025
05-2025: 0.6%● unchanged vs 04-2025
06-2025: 0.7%▲ +0.1 percentage points vs 05-2025
07-2025: 0.7%● unchanged vs 06-2025
08-2025: 0.7%● unchanged vs 07-2025
09-2025: 0.7%● unchanged vs 08-2025
10-2025: 0.7%● unchanged vs 09-2025
11-2025: 0.8%▲ +0.1 percentage points vs 10-2025
12-2025: 0.8%● unchanged vs 11-2025
01-2026: 0.3%▼ -0.5 percentage points vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026lowest value
03-2026: 0.3%● unchanged vs 02-2026lowest value
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.3%● unchanged vs 07-2026
09-2026: 0.3%● unchanged vs 08-2026
10-2026: 0.4%▲ +0.1 percentage points vs 09-2026
11-2026: 0.4%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Founded in 2023
Loss of €27,170, the second in a row (financial year 2025)
lowers risk
Sector: Real estate activities (NACE 68)
Size: total assets €425,020
Calculation
The band follows from the bankruptcy probability. 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 68, micro). It does better than 40% of them on solvency, 14% on liquidity, 21% on profitability and 19% on growth.
The bankruptcy probability was computed on 07-11-2026 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.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,271 companies had the same profile as LIBOU has now. Each dot stands for 4 companies, two years later.
93.5%
were still trading
2.0%
stopped another way
4.1%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of LIBOU itself is lower: 0.4% within 12 months. It rests on far more data about LIBOU than the profile alone.
Test of the method
The method was tested on the 497,447 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 1,271 companies, not a prediction for LIBOU. 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.
Credit verdict
Credit of up to €6,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.13 (0.06 in 2024), below 1. Short-term debt is 79.8% and cash 8.1% of total assets. 79.8% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
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
2425
2024 to 2025 · latest year -€27,170
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 23-12-2025, 39 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
39 days early
2024
25 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 32 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end08-11-2026 today31-01-2027 deadline
Recent changes
Environmental permit granted
Bouwen of herbouwen, Hoogstammige bomen vellen die geen deel uitmaken van een bos, Verwijderen van vrijstaande gebouwen · Izegem
First establishment
Spinnerijkaai 45, Kortrijk
Incorporation
Founding capital of €119,223.47, 387,484 shares · Demerger: PELOGON splits off to LIBOU · Appointment: BOUCHERIE Lisa (director) · published on 28-07-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| LIBOU Kortrijk | €425,020 | -€17,295 | 20.2% | - |
| De Tien Geboden Tielt | €393,830 | -€3,625 | 0.2% | - |
| Wittemoere Evergem | €399,410 | -€7,152 | -7.8% | - |
| KLUG IMMO Fleurus | €374,757 | -€2,483 | 22.5% | - |
| Ama Santé Immo Amay | €344,193 | -€12,299 | 11.2% | - |
| Digital Campus Ottignies-Louvain-la-Neuve | €352,331 | -€3,660 | 82.3% | - |
| Save wHealth Lommel | €377,515 | -€209,657 | -247.2% | - |
These companies have the same main activity as LIBOU: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €344,000 and €399,000, founded between 2022 and 2023.
Official details
Source: KBO- Status
- Active since 26-06-2023Normal situation
- Registered office
- 41 active companies are registered at this address2 started in the 12 months before. Source: KBO register, as of 8 November 2026.
- Activity
- Renting and operating of own or leased non-residential real estate, excluding landNACE 68203
- Establishment unit
- 2.348.657.3378500 Kortrijk, since 17-07-2023
- Financial year end
- 30 June
- Peppol
- Reachable
Annual accounts to 30-06-2025
- -€17,295▼ 492%
- €27,170▲ 350%
- €86,009▼ 24.0%
- €425,020▲ 157%
- Filing
- Filed on 23-12-2025, 39 days before the end of the filing period
Insights on LIBOU
The balance sheet grew most in 2025 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
abbreviated format, filed on 23-12-2025, 39 days before the deadline-€17,295
▼ €14,374
-€27,483
▼ €21,734
-€27,170
▼ €21,126
-€295,329
▼ €246,419
20.2%
▼ 48.1 percentage points
0.13
▲ 0.07
Turnover and EBIT margin are not published. The abbreviated format does not require them.
Balance sheet
balance sheet total €425,020 on 30-06-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
20.2%
Higher than 39% of 11,299 companies in 2025.
0.13
Higher than 13% of 10,851 companies in 2025.
-6.4%
Higher than 12% of 11,184 companies in 2025.
LIBOU
Middle half of the sector
80% of the sector
Abbreviated accounts in real estate (NACE 68)
Net result: bottom quarter · Equity: middle half · Balance sheet total: bottom quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
425,020 | 165,558 | |
21/28 |
381,338 | 162,298 | |
22/27 |
381,213 | 162,173 | |
22 |
108,176 | 117,403 | |
27 |
273,037 | 44,770 | |
28 |
125 | 125 | |
29/58 |
43,682 | 3,260 | |
40/41 |
259 | - | |
41 |
259 | - | |
54/58 |
34,263 | 3,066 | |
490/1 |
9,159 | 194 | |
| Balance sheet: equity and liabilities | |||
10/49 |
425,020 | 165,558 | |
10/15 |
86,009 | 113,180 | |
10/11 |
74,932 | 74,932 | |
13 |
11,077 | 15,782 | |
133 |
11,077 | 15,782 | |
14 |
- | 22,466 | |
17/49 |
339,010 | 52,378 | |
42/48 |
339,010 | 52,170 | |
44 |
118,542 | 16,987 | |
440/4 |
118,542 | 16,987 | |
45 |
285 | - | |
450/3 |
285 | - | |
47/48 |
220,183 | 35,183 | |
492/3 |
- | 208 | |
| Income statement | |||
9900 |
-17,295 | -2,921 | |
630 |
- | 1,820 | |
640/8 |
10,189 | 1,008 | |
9901 |
-27,483 | -5,749 | |
75/76B |
478 | - | |
75 |
478 | - | |
65/66B |
165 | 295 | |
65 |
165 | 295 | |
9903 |
-27,170 | -6,044 | |
9904 |
-27,170 | -6,044 | |
789 |
- | 17,464 | |
9905 |
-27,170 | 11,420 | |
| Appropriation of the result | |||
9906 |
-4,705 | 22,465 | |
14P |
22,465 | 11,045 | |
791/2 |
4,705 | - | |
| Document | |||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 23-12-2025.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| - | -3,929 | ||
| - | -4,224 | ||
| 228,267 | 193,631 | ||
| 31,197 | - | ||
| -295,329 | -48,910 | ||
| 20.2% | 68.4% | ||
| 0.13 | 0.06 | ||
| 3.94 | 0.46 | ||
| -31.6% | -5.3% | ||
| -6.4% | -3.7% | ||
| - | -13.32 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 30-06-2025 | 30-06-2024 |
|---|---|---|
| Tangible fixed assets | €228,267 | €193,506 |
| Financial fixed assets | - | €125 |
| - | €1,820 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Insights on LIBOU
The operating result for 2025 is a loss of €27,483, larger than the loss of €5,749 in 2024.
Debt's share of the balance-sheet total rises from 31.6% to 79.8%. Equity is lower and debt is higher.
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
appointed by deed of 28-07-2023
term without a fixed end
listed in the 2025 annual accounts, filed on 23-12-2025
Mandates through the years
1 name, the dashed line is todayBOUCHERIE Lisa
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- BOUCHERIE Lisa
- Director (not named in the articles), appointed by deed of 28-07-2023, still in office
Control
Capital
- Contribution
- €74,932.35
- Shares
- 387,484
- Contribution per share
- €0.19
- Equity per share
- €0.22 in 2025
- Source
- 2025 annual accounts
Articles of association
deed of 28-07-2023 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Friday of December at 15:00
Network & group
No group
LIBOU has no parent and no holdings in its annual accounts. BOUCHERIE Lisa is the only director.
Acquisitions and mergers
1 transactionReceived in a demerger part of:PELOGON
Timeline
Timeline
5 events since 2023Filings
Permits
Establishments
2023202420252026
Deadline for the 2026 accounts: 31-01-2027
2025
Annual accounts 2025 filed PDFabbreviated format · 39 days before the deadline
Annual accounts 2024 filed PDFabbreviated format · 25 days before the deadline
2024
Environmental permit granted OmgevingsloketBouwen of herbouwen, Hoogstammige bomen vellen die geen deel uitmaken van een bos, Verwijderen van vrijstaande gebouwen · Izegem
2023
First establishment Spinnerijkaai 45, Kortrijk
IncorporationFounding capital of €119,223.47, 387,484 shares · Demerger: PELOGON splits off to LIBOU · Appointment: BOUCHERIE Lisa (director) · published on 28-07-20234 points ▸
- Registered office clause, Spinnerijkaai 45/214, 8500 Kortrijk
- Accounting effect, 01-01-2023
- Director appointment, BOUCHERIE Lisa (director (not named in the articles))
- Founding capital, €119,223.47, 387,484 shares
- The deed holds 3 more points.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
On 26 June 2023, LIBOU was incorporated as a private limited company, with a starting capital of €119,223.12 BOUCHERIE Lisa is director of the company, appointed by deed of 28-07-2023.2 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3
Company details
Identity
- Enterprise number
- 0804.015.776
- VAT number
- BE 0804.015.776
- Peppol ID
- 0208:0804015776
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 26-06-2023
- Financial year
- ends on 30 June
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Friday of December at 15:00deed of 28-07-2023 (in Dutch)
- Peppol
- Reachable via PeppolFollow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- LIBOU in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 28-07-2023 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 28-07-2023 (in Dutch)
Activities
NACEBEL 202568203
Renting and operating of own or leased non-residential real estate, excluding land main activity
Codes under NACEBEL 2008
68203
Real estate rental main activity
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Spinnerijkaai 45 registered office 8500 Kortrijk | 17-07-2023 | 2.348.657.337 |
Buildings and parcels at the address
- Ground area
- 9,215 m²
- Buildings
- 3,590 m²
- Volume, LiDAR
- 49,165 m³
- Tallest building
- 21.6 m
Buildings to scale, each on its own parcel
Environmental permits
1 application in Flanders since 2023 · 1 granted| 27-05-2024 | Granted | Bouwen of herbouwen; Hoogstammige bomen vellen die geen deel uitmaken van een bos; Verwijderen van vrijstaande gebouwen submitted 15-12-2023 · project 2023154011 | Izegem |
Source: Omgevingsloket Vlaanderen.
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 34353B0083/00Y004 | 9,215 m² | 1 · 3,590 m² | 21.6 m · 5 |
1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.