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Liburna

Active
Private limited companyfounded 20224 yrs activeLivornostraat 158, 1000 Brussel, BelgiumKBO/BCE: BE 0788.636.229
Summary

The computed 12-month bankruptcy probability of Liburna is 5.2% (elevated). The 2024 annual accounts show equity of €300,495 and a net result of €23,876. The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability41▲+31
Solvency42▲+1
Growth78
Track record94
Bankruptcy probability, 12 months
5.2% Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.14 against 0.13 in 2023; short-term debt: 6.8% and cash: 0.8% of total assets), and 82.6% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 15-06-2026, 46 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
46 d early
2024
51 d early
2023
1 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 3 accounts on average 33 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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. Usually files around 15 June (3 of the last 3 filed years within 46 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

Liburna was incorporated on 15 July 2022 as a Private limited company.1 The company has filed 3 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2024, micro schema

Equity
€300,495▲ 8.6%
2023 · €276,619
Total assets
€1.7m▼ 2.7%
2023 · €1.8m
Net result
€23,876
2023 · -€123,383
Working capital
-€101,110▼ 1.2%
2023 · -€99,911
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20232024
Operating result-€66,576-€75,543
Net result-€123,383-€23,876
Equity€276,619-€300,495▲ 8.6%
Total assets€1.8m-€1.7m▼ 2.7%
Debt€1.5m-€1.4m▼ 4.7%
Working capital-€99,911--€101,110▼ 1.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€150,000-€100,000-€50,000€0€50,000€100,000Operating result 2023: -€66,576-€66,576Net result 2023: -€123,383-€123,383Operating result 2024: €75,543€75,543Net result 2024: €23,876€23,87620232024-€150,000-€100,000-€50,000€0€50,000€100,000Operating result 2023: -€66,576-€66,600Net result 2023: -€123,383-€123,000Operating result 2024: €75,543€75,500Net result 2024: €23,876€23,90020232024
The operating result returns to profit in 2024: €75,543 after a loss of €66,576 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.7m
Fixed assets €1.7m ▼ 2.8%
Current assets €16,922 ▲ 9.9%
Equity and liabilities €1.7m
Equity €300,495 ▲ 8.6%
Debt €1.4m ▼ 4.7%
Debt's share of the balance-sheet total falls from 84.4% to 82.6%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€124,179▲
2023 · -€19,644
Cash flow
€72,512▲
2023 · -€76,450
Current ratio
0.14▲
2023 · 0.13
Debt to equity
4.75▼
2023 · 5.41
ROE
7.9%▲
2023 · -44.6%
ROA
1.4%▲
2023 · -7.0%
Interest coverage
2.40▲
2023 · -0.35
Debt ≤ 1 year
€118,032▲
2023 · €115,312
Debt > 1 year
€1.3m▼
2023 · €1.4m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 896 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 98% are still going.

  • Small
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
1.1% went bankrupt
0.7% stopped otherwise
98% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 5.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 896 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 32 lines
Balance sheet Code20232024
Assets
Total assets20/58€1.8m€1.7m▼
Fixed assets21/28€1.8m€1.7m▼
Tangible fixed assets22/27€1.8m€1.7m▼
Land and buildings22€1.8m€1.7m▼
Current assets29/58€15,401€16,922▲
Amounts receivable within one year40/41-€2,373
Other amounts receivable41-€2,373
Cash at bank and in hand54/58€5,092€14,098▲
Deferred charges and accrued income490/1€10,309€451▼
Equity and liabilities
Total equity and liabilities10/49€1.8m€1.7m▼
Equity10/15€276,619€300,495▲
Contributions10/11€400,002€400,002=
Profit (loss) carried forward14-€123,383-€99,507▲
Amounts payable17/49€1.5m€1.4m▼
Amounts payable after more than one year17€1.4m€1.3m▼
Financial debts170/4€1.4m€1.3m▼
Amounts payable within one year42/48€115,312€118,032▲
Current portion of amounts payable after more than one year42€91,081€94,263▲
Trade debts44€24,231€23,769▼
Suppliers440/4€24,231€23,769▼
Accrued charges and deferred income492/3€4,052€17,821▲
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€46,932€48,636▲
Other operating charges640/8€17,169€19,938▲
Gross operating margin9900-€2,475€144,117▲
Operating profit (loss)9901-€66,576€75,543▲
Financial charges65/66B€56,806€51,667▼
Recurring financial charges65€56,806€51,667▼
Profit (loss) for the period before taxes9903-€123,383€23,876▲
Profit (loss) for the period9904-€123,383€23,876▲
Profit (loss) for the period to be appropriated9905-€123,383€23,876▲
Appropriation of the result
Profit (loss) to be appropriated9906-€123,383-€99,507▲
Profit (loss) brought forward from the previous period14P--€123,383

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€46,932€48,636▲ 3.6%
Other operating charges640/8€17,169€19,938▲ 16.1%
Gross operating margin9900-€2,475€144,117▲ 5,923%
Operating profit (loss)9901-€66,576€75,543▲ 213%
Financial charges65/66B€56,806€51,667▼ 9.0%
Recurring financial charges65€56,806€51,667▼ 9.0%
Profit (loss) for the period before taxes9903-€123,383€23,876▲ 119%
Profit (loss) for the period9904-€123,383€23,876▲ 119%
Profit (loss) for the period to be appropriated9905-€123,383€23,876▲ 119%
Line20232024Change
Assets
Total assets20/58€1.8m€1.7m▼ 2.7%
Fixed assets21/28€1.8m€1.7m▼ 2.8%
Tangible fixed assets22/27€1.8m€1.7m▼ 2.8%
Land and buildings22€1.8m€1.7m▼ 2.8%
Current assets29/58€15,401€16,922▲ 9.9%
Amounts receivable within one year40/41-€2,373-
Other amounts receivable41-€2,373-
Cash at bank and in hand54/58€5,092€14,098▲ 177%
Deferred charges and accrued income490/1€10,309€451▼ 95.6%
Equity and liabilities
Total equity and liabilities10/49€1.8m€1.7m▼ 2.7%
Equity10/15€276,619€300,495▲ 8.6%
Contributions10/11€400,002€400,002=
Profit (loss) carried forward14-€123,383-€99,507▲ 19.4%
Amounts payable17/49€1.5m€1.4m▼ 4.7%
Amounts payable after more than one year17€1.4m€1.3m▼ 6.3%
Financial debts170/4€1.4m€1.3m▼ 6.3%
Amounts payable within one year42/48€115,312€118,032▲ 2.4%
Current portion of amounts payable after more than one year42€91,081€94,263▲ 3.5%
Trade debts44€24,231€23,769▼ 1.9%
Suppliers440/4€24,231€23,769▼ 1.9%
Accrued charges and deferred income492/3€4,052€17,821▲ 340%
Line20232024Change
Profit (loss) for the period9904-€123,383€23,876▲ 119%
+ Depreciation and write-downs630€46,932€48,636▲ 3.6%
Operating cash flow (approximation)-€76,450€72,512▲ 195%
Investment in fixed assets (approximation)-€0-
Change in cash-€9,006-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
15-06
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
10-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Back to profitnet €23,876
Net result €23,876 after one loss-making year.
30-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
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, Brussel · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
542 m²
Building footprint
473 m²
Volume, LiDAR
9,628 m³
Parcel 21807G0118/00F003, Brussels · tallest building 28.6 m, ±7 floors. Linked by address, not a title deed.
20 companies at this address See who is registered here
1 establishment unit
Liburna
Livornostraat 158, 1000 BrusselReal estate development
since 20222.335.123.461
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21807G0118/00F003 Brussels 542 m² 1 · 473 m² 28.6 m · 7 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.

Identification & contact

Identification
Legal formPrivate limited company
Founded15-07-2022
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 0208:0788636229
Registered 27-03-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.