LIBRAPLAY
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 23-06-2026 at the NBB all 16 filings
Turnover
≈ €1.8m
Estimated: probably between €990,000 and €2.8m
EBIT margin
Not included in this filing
Net result
€4,202
2024 · -€5,637
Working capital
€161,107▲ 5.7%
2024 · €152,393
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€14,877
▲ 31.9%
2025
20192025
Net result
€4,202
2025
middle half of the sector
20192025
Equity
€172,262
▲ 2.5%
2025
middle half of the sector
20192025
Total assets
€611,730
▲ 9.0%
2025
lowest quarter of the sector
20192025
Debt
€439,468
▲ 11.8%
2025
20192025
Working capital
€161,107
▲ 5.7%
2025
middle half of the sector
20192025
Solvency
28.2%
▼ 1.8pp
2025
middle half of the sector
20192025
Current ratio
1.37
▼ 0.02
2025
middle half of the sector
20192025
Return on assets (ROA)
0.7%
▲ 1.7pp
2025
middle half of the sector
20192025
Staff (FTE)
3
▼ 9.1%
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€16,388--€835-€40,092▼ 4,702%€15,300€10,434▼ 31.8%€11,279▲ 8.1%€14,877▲ 31.9%
Net result€5,597--€7,610below the sector's middle half-€51,067below the sector's middle half▼ 571%€5,719within the sector's middle half-€11,681below the sector's middle half-€5,637below the sector's middle half▲ 51.7%€4,202within the sector's middle half
Equity€238,334-€230,725within the sector's middle half▼ 3.2%€179,658within the sector's middle half▼ 22.1%€185,377within the sector's middle half▲ 3.2%€173,696within the sector's middle half▼ 6.3%€168,060within the sector's middle half▼ 3.2%€172,262within the sector's middle half▲ 2.5%
Total assets€537,195-€734,265within the sector's middle half▲ 36.7%€585,783within the sector's middle half▼ 20.2%€610,778within the sector's middle half▲ 4.3%€614,629within the sector's middle half▲ 0.6%€561,049within the sector's middle half▼ 8.7%€611,730below the sector's middle half▲ 9.0%
Debt€298,861-€503,540▲ 68.5%€406,125▼ 19.3%€425,401▲ 4.7%€440,932▲ 3.7%€392,990▼ 10.9%€439,468▲ 11.8%
Working capital€222,855-€215,422within the sector's middle half▼ 3.3%€240,326within the sector's middle half▲ 11.6%€206,417within the sector's middle half▼ 14.1%€153,665within the sector's middle half▼ 25.6%€152,393within the sector's middle half▼ 0.8%€161,107within the sector's middle half▲ 5.7%
Solvency44.4%-31.4%within the sector's middle half▼ 12.9pp30.7%within the sector's middle half▼ 0.8pp30.4%within the sector's middle half▼ 0.3pp28.3%within the sector's middle half▼ 2.1pp30.0%within the sector's middle half▲ 1.7pp28.2%within the sector's middle half▼ 1.8pp
Current ratio1.76-1.43within the sector's middle half▼ 0.321.73within the sector's middle half▲ 0.301.55within the sector's middle half▼ 0.191.35within the sector's middle half▼ 0.201.39within the sector's middle half▲ 0.041.37within the sector's middle half▼ 0.02
Return on assets (ROA)1.0%--1.0%below the sector's middle half▼ 2.1pp-8.7%below the sector's middle half▼ 7.7pp0.9%within the sector's middle half▲ 9.7pp-1.9%below the sector's middle half▼ 2.8pp-1.0%below the sector's middle half▲ 0.9pp0.7%within the sector's middle half▲ 1.7pp
Staff (FTE)4.3-4.2within the sector's middle half▼ 2.3%3.6within the sector's middle half▼ 14.3%4.1within the sector's middle half▲ 13.9%4within the sector's middle half▼ 2.4%3.3within the sector's middle half▼ 17.5%3within the sector's middle half▼ 9.1%
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 32% higher than in 2024 and the highest since 2022. It is the second rise in a row, after the fall in 2023.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €611,730
Fixed assets
€16,199 ▼ 16.5%
Current assets
€595,531 ▲ 9.9%
Equity and liabilities €611,730
Equity
€172,262 ▲ 2.5%
Debt
€439,468 ▲ 11.8%
Debt's share of the balance-sheet total rises from 70.0% to 71.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€20,064▲
2024 · €16,269
Cash flow
€9,389▲
2024 · -€647
Quick ratio
0.92▲
2024 · 0.87
Debt to equity
2.55▲
2024 · 2.34
ROE
2.4%▲
2024 · -3.4%
Interest coverage
1.57▲
2024 · 0.99
Debt ≤ 1 year
€434,425▲
2024 · €389,265
Income taxes
€374▼
2024 · €468
Staff costs
€230,266▼
2024 · €268,861
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 5 | 4 | 4 | 3 | 3 |
| full-time | 4 | 4 | 4 | 3 | 3 |
| part-time | 1 | - | - | - | - |
| in full-time equivalents | 4.5 | 4 | 4 | 3 | 3 |
| Average over the year, in full-time equivalents | 3.6 | 4.1 | 4 | 3.3 | 3 |
| On a permanent contract | 5 | 4 | 4 | 3 | 3 |
| Joined | 1 | 1 | - | 0 | - |
| Left | 0 | 2 | - | 1 | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €3,736 | €8,656 | €1,068 | - | - |
| Intangible fixed assets | - | €5,310 | - | - | €1,094 |
| Financial fixed assets | - | - | €120 | - | €900 |
| Depreciation and write-downs of the year | €2,402 | €3,866 | €5,222 | €4,990 | €5,187 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Public contracts
1 award · 2024
SUPPLY OF OUTDOOR FURNITURES AND SIGNAGE: CHILDREN'S PLAY AREAS
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. The values are as the buyer published them. For a framework agreement, the value is a ceiling.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €202,029 | €249,543 | €291,848 | €268,861 | €230,266 | ▼ 14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,916 | €4,212 | €2,402 | €3,866 | €5,222 | €4,990 | €5,187 | ▲ 4.0% |
| Other operating charges640/8 | - | - | €5,321 | €1,656 | €3,780 | €2,459 | €2,639 | ▲ 7.3% |
| Non-recurring operating charges66A | - | - | - | €14,366 | - | - | €7,235 | - |
| Gross operating margin9900 | €273,382 | €336,327 | €169,660 | €284,729 | €311,284 | €287,589 | €260,204 | ▼ 9.5% |
| Operating profit (loss)9901 | €16,388 | -€835 | -€40,092 | €15,300 | €10,434 | €11,279 | €14,877 | ▲ 31.9% |
| Financial income75/76B | - | - | €837 | €3,071 | €573 | €38 | €2,456 | ▲ 64× |
| Recurring financial income75 | €573 | €3,298 | €837 | €3,071 | €573 | €38 | €2,456 | ▲ 64× |
| Financial charges65/66B | - | - | €11,010 | €11,927 | €21,986 | €16,486 | €12,756 | ▼ 22.6% |
| Recurring financial charges65 | €6,245 | €9,064 | €11,010 | €11,927 | €21,986 | €16,486 | €12,756 | ▼ 22.6% |
| Profit (loss) for the period before taxes9903 | €10,716 | -€6,601 | -€50,265 | €6,444 | -€10,979 | -€5,168 | €4,576 | - |
| Income taxes67/77 | €5,119 | €1,009 | €802 | €725 | €702 | €468 | €374 | ▼ 20.1% |
| Profit (loss) for the period9904 | €5,597 | -€7,610 | -€51,067 | €5,719 | -€11,681 | -€5,637 | €4,202 | - |
| Profit (loss) for the period to be appropriated9905 | €5,597 | -€7,610 | -€51,067 | €5,719 | -€11,681 | -€5,637 | €4,202 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €537,195 | €734,265 | €585,783 | €610,778 | €614,629 | €561,049 | €611,730 | ▲ 9.0% |
| Fixed assets21/28 | €19,481 | €18,876 | €18,315 | €28,415 | €24,382 | €19,392 | €16,199 | ▼ 16.5% |
| Intangible fixed assets21 | - | - | - | €4,541 | €3,479 | €2,417 | €2,248 | ▼ 7.0% |
| Tangible fixed assets22/27 | €12,533 | €12,103 | €11,977 | €17,536 | €14,445 | €10,517 | €6,593 | ▼ 37.3% |
| Plant, machinery and equipment23 | - | - | €313 | €1,473 | €1,088 | €807 | €526 | ▼ 34.8% |
| Furniture and vehicles24 | - | - | €7,114 | €5,840 | €4,819 | €2,858 | €900 | ▼ 68.5% |
| Other tangible fixed assets26 | - | - | €4,550 | €10,224 | €8,538 | €6,853 | €5,167 | ▼ 24.6% |
| Financial fixed assets28 | €6,948 | €6,773 | €6,338 | €6,338 | €6,458 | €6,458 | €7,358 | ▲ 13.9% |
| Current assets29/58 | €517,714 | €715,389 | €567,469 | €582,363 | €590,247 | €541,657 | €595,531 | ▲ 9.9% |
| Stocks and contracts in progress3 | €120,559 | €107,805 | €159,710 | €134,310 | €288,361 | €204,581 | €193,701 | ▼ 5.3% |
| Contracts in progress37 | - | - | €159,710 | €134,310 | €288,361 | €204,581 | €193,701 | ▼ 5.3% |
| Amounts receivable within one year40/41 | €340,123 | €407,651 | €215,627 | €226,090 | €223,429 | €268,852 | €286,430 | ▲ 6.5% |
| Trade receivables40 | - | - | €200,016 | €205,838 | €219,979 | €265,165 | €285,744 | ▲ 7.8% |
| Other amounts receivable41 | - | - | €15,611 | €20,253 | €3,449 | €3,687 | €686 | ▼ 81.4% |
| Cash at bank and in hand54/58 | €49,043 | €189,483 | €183,652 | €214,647 | €70,356 | €60,867 | €113,826 | ▲ 87.0% |
| Deferred charges and accrued income490/1 | - | - | €8,480 | €7,315 | €8,101 | €7,357 | €1,574 | ▼ 78.6% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €537,195 | €734,265 | €585,783 | €610,778 | €614,629 | €561,049 | €611,730 | ▲ 9.0% |
| Equity10/15 | €238,334 | €230,725 | €179,658 | €185,377 | €173,696 | €168,060 | €172,262 | ▲ 2.5% |
| Contributions10/11 | €100,200 | €100,200 | €100,200 | €100,200 | €100,200 | €100,200 | €100,200 | = |
| Capital10 | - | - | €100,200 | €100,200 | €100,200 | €100,200 | €100,200 | = |
| Issued capital100 | - | - | €100,200 | €100,200 | €100,200 | €100,200 | €100,200 | = |
| Reserves13 | €138,134 | €130,525 | €79,458 | €85,177 | €73,496 | €67,860 | €72,062 | ▲ 6.2% |
| Non-distributable reserves130/1 | - | - | €10,020 | €10,020 | €10,020 | €10,020 | €10,020 | = |
| Legal reserve130 | - | - | €10,020 | €10,020 | €10,020 | €10,020 | €10,020 | = |
| Distributable reserves133 | - | - | €69,438 | €75,157 | €63,476 | €57,840 | €62,042 | ▲ 7.3% |
| Amounts payable17/49 | €298,861 | €503,540 | €406,125 | €425,401 | €440,932 | €392,990 | €439,468 | ▲ 11.8% |
| Amounts payable after more than one year17 | - | - | €75,373 | €25,376 | - | - | - | - |
| Financial debts170/4 | - | - | €75,373 | €25,376 | - | - | - | - |
| Amounts payable within one year42/48 | €294,859 | €499,968 | €327,142 | €375,946 | €436,582 | €389,265 | €434,425 | ▲ 11.6% |
| Current portion of amounts payable after more than one year42 | - | - | €24,627 | €49,998 | €25,376 | - | - | - |
| Financial debts43 | - | - | €150,000 | €150,000 | €200,000 | €200,000 | €200,000 | = |
| Credit institutions430/8 | - | - | €150,000 | €150,000 | €200,000 | €200,000 | €200,000 | = |
| Trade debts44 | €143,054 | €198,058 | €105,959 | €102,435 | €142,949 | €138,220 | €182,585 | ▲ 32.1% |
| Suppliers440/4 | - | - | €105,959 | €102,435 | €142,949 | €138,220 | €182,585 | ▲ 32.1% |
| Taxes, remuneration and social security45 | - | - | €46,557 | €73,230 | €67,844 | €50,653 | €50,968 | ▲ 0.6% |
| Taxes450/3 | - | - | €16,247 | €38,443 | €28,310 | €25,419 | €20,099 | ▼ 20.9% |
| Remuneration and social security454/9 | - | - | €30,311 | €34,786 | €39,534 | €25,235 | €30,870 | ▲ 22.3% |
| Other amounts payable47/48 | - | - | - | €283 | €413 | €391 | €871 | ▲ 123% |
| Accrued charges and deferred income492/3 | - | - | €3,609 | €24,079 | €4,350 | €3,725 | €5,044 | ▲ 35.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,597 | -€7,610 | -€51,067 | €5,719 | -€11,681 | -€5,637 | €4,202 | - |
| + Depreciation and write-downs630 | €9,916 | €4,212 | €2,402 | €3,866 | €5,222 | €4,990 | €5,187 | ▲ 4.0% |
| Operating cash flow (approximation) | €15,513 | -€3,398 | -€48,664 | €9,585 | -€6,459 | -€647 | €9,389 | - |
| Investment in fixed assets (approximation) | - | -€3,607 | -€1,841 | -€13,966 | -€1,188 | €0 | -€1,994 | - |
| Change in cash | - | €140,441 | -€5,832 | €30,995 | -€144,291 | -€9,489 | €52,959 | - |
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, 4,508 companies had the same profile as LIBRAPLAY has now. Two years later, 96.9% were still going and 1.4% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
96.9%
was still going
1.6%
stopped otherwise
1.4%
went bankrupt
That fits the bankruptcy probability of LIBRAPLAY itself: 0.2% 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 4,508 companies, not a prediction for LIBRAPLAY. 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 16 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 23-06-2026 | 2026-00194030 | |
| 31-12-2024 | abbreviated format | 23-06-2025 | 2025-00166619 | |
| 31-12-2023 | abbreviated format | 23-07-2024 | 2024-00307047 | |
| 31-12-2022 | abbreviated format | 27-07-2023 | 2023-00288607 | |
| 31-12-2021 | abbreviated format | 04-07-2022 | 2022-20159584 | |
| 31-12-2020 | abbreviated format | 12-07-2021 | 2021-34500554 | |
| 30-06-2019 | abbreviated format | 27-01-2020 | 2020-02400088 | |
| 30-06-2018 | abbreviated format | 15-01-2019 | 2019-01300491 | |
| 30-06-2017 | abbreviated format | 12-12-2017 | 2017-71700163 | |
| 30-06-2016 | abbreviated format | 05-01-2017 | 2017-00400231 |