LICAVA
ActiveLICAVA has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €341k and a net result of €1.90M. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 43% of 13898 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
65
/ 100
Healthy▼ -3 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency35▼-12
Growth78=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days acceptable
Liquidity tight (current ratio 1.27 against 1.1 in 2024), and 78.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
21.5%
Return on assets
120%
Age of the figures
11 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
1 d early
2023
168 d early
2022
60 d early
2021
60 d early
2020
39 d early
2019
38 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
13-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€341k▼ 12.0%
2024 · €388k
2018: €309k
2019: €307k
2020: €306k
2021: €305k
2022: €304k
2023: €301k
2024: €388k
2018 → 2025
Total assets
€1.59M▲ 17.5%
2024 · €1.35M
2018: €325k
2019: €325k
2020: €325k
2021: €325k
2022: €325k
2023: €325k
2024: €1.35M
2018 → 2025
Net result
€1.90M▲ 2,093%
2024 · €87k
2018: €-1k
2019: €-1k
2020: €-1k
2021: €-951
2022: €-1k
2023: €-3k
2024: €87k
2018 → 2025
Working capital
€342k▲ 252%
2024 · €97k
2020: €-617
2021: €-318
2022: €214
2023: €-641
2024: €97k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€305k-€304k▼ 0.4%€301k▼ 1.0%€388k▲ 28.9%€341k▼ 12.0%
Operating result€-849-€-1k▼ 32.1%€-3k▼ 145%€113k€2.56M▲ 2,163%
Net result€-951-€-1k▼ 34.0%€-3k▼ 127%€87k€1.90M▲ 2,093%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 2,163% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €1.59M
Equity
€341k▼ 12.0%
Debt
€1.25M▲ 29.3%
The debt ratio rises from 71.3% to 78.5%: debt grows while equity shrinks.
Key figures and ratios
Solvency
21.5%▼
2024 · 28.7%
Current ratio
1.27▲
2024 · 1.10
Quick ratio
1.27▲
2024 · 0.25
Debt / equity
3.65▲
2024 · 2.48
ROE
558.0%▲
2024 · 22.4%
ROA
120.0%▲
2024 · 6.4%
Debt
€1.25M▲
2024 · €963k
Debt ≤ 1 year
€1.24M▲
2024 · €956k
Income taxes
€635k▲
2024 · €21k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.35M€1.59M▲
Fixed assets21/28€298k€0▼
Tangible fixed assets22/27€298k€0▼
Land and buildings22€298k€0▼
Current assets29/58€1.05M€1.59M▲
Stocks and contracts in progress3€810k€0▼
Stocks30/36€810k€0▼
Amounts receivable within one year40/41€50k€1.55M▲
Trade receivables40€50k€1.52M▲
Other amounts receivable41-€31k
Cash at bank and in hand54/58€188k€32k▼
Deferred charges and accrued income490/1€4k€0▼
Equity and liabilities
Total equity and liabilities10/49€1.35M€1.59M▲
Equity10/15€388k€341k▼
Contributions10/11€331k€331k=
Profit (loss) carried forward14€57k€10k▼
Amounts payable17/49€963k€1.25M▲
Amounts payable after more than one year17€0-
Other amounts payable178/9€0-
Amounts payable within one year42/48€956k€1.24M▲
Current portion of amounts payable after more than one year42-€461k
Financial debts43€298k€0▼
Credit institutions430/8€298k€0▼
Trade debts44€111k€277k▲
Suppliers440/4€111k€277k▲
Advances received on contracts in progress46€210k€0▼
Taxes, remuneration and social security45€40k€13k▼
Taxes450/3€40k€13k▼
Other amounts payable47/48€297k€494k▲
Accrued charges and deferred income492/3€7k€528▼
Income statement
Code20242025
Other operating charges640/8€513€528▲
Gross operating margin9900€114k€2.56M▲
Operating profit (loss)9901€113k€2.56M▲
Financial income75/76B€1€4k▲
Recurring financial income75€1€4k▲
Financial charges65/66B€5k€29k▲
Recurring financial charges65€5k€29k▲
Profit (loss) for the period before taxes9903€108k€2.54M▲
Income taxes67/77€21k€635k▲
Profit (loss) for the period9904€87k€1.90M▲
Profit (loss) for the period to be appropriated9905€87k€1.90M▲
Appropriation of the result
Profit (loss) to be appropriated9906€57k€1.96M▲
Profit (loss) brought forward from the previous period14P€-30k€57k▲
Profit to be distributed694/7-€1.95M
Return on contributions (dividend)694-€1.95M
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2018net €1.90M ▲2093%
Operating result €2.56M, net result €1.90M, both a record.
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Back to profitnet €87k
Net result €87k after 6 loss-making years.
30-09
Financial
Liquidity triplescurrent ratio 1.10
Current ratio from 0.32 to 1.10.
2023
14-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-09
Financial
Weakest financial yearnet €-3k
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
01-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
01-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
22-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
23-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
21-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Kortrijk · 1 establishment unit since 2006
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Baliestraat(Mar) 38510 KortrijkGround area
317 m²
Building footprint
3,343 m²
Parcel 34026A0737/00G008, Flanders. Linked by address, not a title deed.
1 establishment unit
Licava
since 20062.155.075.724
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34026A0737/00G008 | Flanders | 317 m² | 1 · 3,343 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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TIMMERMAN
BE 0435.087.560
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Par Terre Woonprojecten
BE 0692.516.850
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Designstudio JLT
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Of 7,288 companies in sector 68110 we hold annual accounts for 5,354. 3,804 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded21-06-2006
Fiscal year end30-09
Activities, NACEBEL
68110Buying and selling of own real estate
68121Development of residential building projects
68122Development of non-residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.