Equity
Equity fell by 47% in 11 years.
Equity fell by 47% in 11 years.
The accounts state no turnover.
The 2018 accounts came 29 days late. The other nine of the last ten were filed on time.
Subsidiary with negative equity. ELSINGOR · loss of €904 in 2026.
Heads a group.
Higher solvency than 94% of companies in office administrative support. Sector median 44.9% · 1,167 companies.
The dashed line is the sector median: 0.2% across 12,669 companies (NACE 82, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 82, micro). It does better than 88% of them on solvency, 43% on liquidity, 23% on profitability and 43% on growth.
The bankruptcy probability was computed on 05-11-2026 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 31-12-2025.
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).
Liquidity is ample, with a current ratio of 2.75 (2.03 in 2024), above the usual 1.5. Short-term debt is 2.3% and cash 1.1% of total assets. 2.4% of the assets are financed with debt and provisions.
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.
The company filed its last 7 accounts on average 60 days before the deadline. In the sector (NACE 82), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Shares in 3 companies, including ELSINGOR and ENLIL
Board & ownership| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| Libutu Holding Ittre | €333,253 | €5,365 | 97.6% | - |
| Melina Invest Tubize | €195,642 | €4,787 | 27.8% | - |
| B&B Invest Brecht | €280,889 | €5,213 | -267.4% | - |
| SELECT ADVICE LAUTENBERG Ixelles | €368,485 | €6,888 | 97.3% | - |
| LMCONNECT Middelkerke | €445,733 | €6,642 | 69.0% | - |
| Easywork Merksplas | €338,875 | €7,671 | 41.1% | - |
| BROCUI INVEST Jodoigne | €161,618 | €5,393 | 13.3% | - |
These companies have the same main activity as Libutu Holding: office administrative and support services (NACE 82100). They are comparable in size and age: total assets between €162,000 and €446,000, founded between 2006 and 2015.
Libutu Holding has existed since 2013. The gross margin fell from €114,404 in 2014 to €5,365 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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