Summary
LICOR is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €46,263 and a net result of €36,263. Equity is growing by ~7.4% per year across the filed fiscal years. Its solvency ranks better than 11% of 6155 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-08-2025, 19 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
19 d late
2023
15 d early
2022
34 d early
2021
2 d early
2020
6 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 5 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€46,263▼ 89.9%
2023 · €460,001
Net result
€36,263▲ 24.7%
2023 · €29,089
Total assets
€550,118▲ 6.3%
2023 · €517,398
Solvency
8.4%▼ 80.5pp
2023 · 88.9%
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
Line20202021202220232024
Operating result€18,232-€11,722▼ 35.7%€41,170▲ 251%€38,004▼ 7.7%€50,276▲ 32.3%
Net result€314,725-€44,610▼ 85.8%€31,577▼ 29.2%€29,089▼ 7.9%€36,263▲ 24.7%
Equity€354,725-€399,335▲ 12.6%€430,911▲ 7.9%€460,001▲ 6.8%€46,263▼ 89.9%
Total assets€502,079-€506,298▲ 0.8%€527,997▲ 4.3%€517,398▼ 2.0%€550,118▲ 6.3%
Debt€147,355-€106,963▼ 27.4%€97,085▼ 9.2%€57,398▼ 40.9%€503,855▲ 778%
Working capital-€68,832--€38,508▲ 44.1%-€21,217▲ 44.9%-€6,413▲ 69.8%-€434,436▼ 6,674%
Solvency70.7%-78.9%▲ 8.2pp81.6%▲ 2.7pp88.9%▲ 7.3pp8.4%▼ 80.5pp
Staff (FTE)0000
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2024 Equity -90% on 2023. Cause not known from the registers.
- 2021 Net result -86% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 32% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €550,118
Fixed assets
€494,985 =
Current assets
€55,133 ▲ 146%
Equity and liabilities €550,118
Equity
€46,263 ▼ 89.9%
Debt
€503,855 ▲ 778%
Debt's share of the balance-sheet total rises from 11.1% to 91.6%. Equity is lower and debt is higher.
Key figures and ratios
ROE
78.4%▲
2023 · 6.3%
ROA
6.6%▲
2023 · 5.6%
Debt ≤ 1 year
€489,569▲
2023 · €28,826
Debt > 1 year
€14,286▼
2023 · €28,571
Income taxes
€13,337▲
2023 · €7,943
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €541 | €545 | €601 | €745 | ▲ 24.0% |
| Gross operating margin9900 | €19,270 | €12,262 | €41,715 | €38,605 | €51,021 | ▲ 32.2% |
| Operating profit (loss)9901 | €18,232 | €11,722 | €41,170 | €38,004 | €50,276 | ▲ 32.3% |
| Financial income75/76B | - | €38,182 | €0 | €37 | €122 | ▲ 228% |
| Recurring financial income75 | €305,455 | €38,182 | €0 | €37 | €122 | ▲ 228% |
| Financial charges65/66B | - | €3,447 | €1,487 | €1,009 | €798 | ▼ 20.9% |
| Recurring financial charges65 | €4,270 | €3,447 | €1,487 | €1,009 | €798 | ▼ 20.9% |
| Profit (loss) for the period before taxes9903 | €319,417 | €46,456 | €39,683 | €37,032 | €49,600 | ▲ 33.9% |
| Income taxes67/77 | €4,692 | €1,847 | €8,106 | €7,943 | €13,337 | ▲ 67.9% |
| Profit (loss) for the period9904 | €314,725 | €44,610 | €31,577 | €29,089 | €36,263 | ▲ 24.7% |
| Profit (loss) for the period to be appropriated9905 | €314,725 | €44,610 | €31,577 | €29,089 | €36,263 | ▲ 24.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €502,079 | €506,298 | €527,997 | €517,398 | €550,118 | ▲ 6.3% |
| Fixed assets21/28 | €494,985 | €494,985 | €494,985 | €494,985 | €494,985 | = |
| Financial fixed assets28 | €494,985 | €494,985 | €494,985 | €494,985 | €494,985 | = |
| Current assets29/58 | €7,094 | €11,312 | €33,012 | €22,413 | €55,133 | ▲ 146% |
| Amounts receivable within one year40/41 | €104 | €1,153 | €3,048 | €5,460 | €8,850 | ▲ 62.1% |
| Trade receivables40 | - | €0 | - | - | €5,688 | - |
| Other amounts receivable41 | - | €1,153 | €3,048 | €5,460 | €3,163 | ▼ 42.1% |
| Cash at bank and in hand54/58 | €6,863 | €10,027 | €29,828 | €16,814 | €46,141 | ▲ 174% |
| Deferred charges and accrued income490/1 | - | €132 | €136 | €139 | €141 | ▲ 1.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €502,079 | €506,298 | €527,997 | €517,398 | €550,118 | ▲ 6.3% |
| Equity10/15 | €354,725 | €399,335 | €430,911 | €460,001 | €46,263 | ▼ 89.9% |
| Contributions10/11 | - | €40,000 | €40,000 | €40,000 | €40,000 | = |
| Reserves13 | €314,725 | €359,335 | €390,911 | €420,001 | €6,263 | ▼ 98.5% |
| Non-distributable reserves130/1 | - | €4,000 | €4,000 | €4,000 | - | - |
| Reserves not available under the articles1311 | - | €4,000 | €4,000 | €4,000 | - | - |
| Distributable reserves133 | - | €355,335 | €386,911 | €416,001 | €6,263 | ▼ 98.5% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Amounts payable17/49 | €147,355 | €106,963 | €97,085 | €57,398 | €503,855 | ▲ 778% |
| Amounts payable after more than one year17 | €71,429 | €57,143 | €42,857 | €28,571 | €14,286 | ▼ 50.0% |
| Financial debts170/4 | - | €57,143 | €42,857 | €28,571 | €14,286 | ▼ 50.0% |
| Amounts payable within one year42/48 | €75,926 | €49,820 | €54,228 | €28,826 | €489,569 | ▲ 1,598% |
| Current portion of amounts payable after more than one year42 | - | €14,286 | €14,286 | €14,286 | €14,286 | = |
| Trade debts44 | - | €53 | €0 | €747 | €173 | ▼ 76.9% |
| Suppliers440/4 | - | €53 | €0 | €747 | €173 | ▼ 76.9% |
| Taxes, remuneration and social security45 | - | €4,681 | €9,013 | €3,612 | €15,169 | ▲ 320% |
| Taxes450/3 | - | €4,681 | €9,013 | €3,612 | €13,586 | ▲ 276% |
| Remuneration and social security454/9 | - | - | - | - | €1,583 | - |
| Other amounts payable47/48 | - | €30,801 | €30,930 | €10,181 | €459,941 | ▲ 4,418% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €314,725 | €44,610 | €31,577 | €29,089 | €36,263 | ▲ 24.7% |
| Operating cash flow (approximation) | €314,725 | €44,610 | €31,577 | €29,089 | €36,263 | ▲ 24.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €3,164 | €19,801 | -€13,015 | €29,328 | ▲ 325% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 19 days late
2024
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €29,089 ▼7.9%
Net result drops to €29,089, the lowest in the series; recovery starts the following year.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
06-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 6 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Sint-Niklaas · 1 establishment unit since 2019
Ground area
1,046 m²
Building footprint
154 m²
Volume, LiDAR
1,047 m³
Parcel 46017A0403/00G000, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
LICOR
since 20192.290.481.685
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46017A0403/00G000 | Flanders | 1,046 m² | 1 · 154 m² | 9.2 m · 2 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.
Structure & network
Owners and holdings
2 owners · 1 holdingOwners 2
- Kristof De Cauwernatural personSourceown accounts 2024share not stated
- Sophie De Wildenatural personSourceown accounts 2024share not stated
Holdings 1
-
30%
According to the 2024 annual accounts of LICOR and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,773. 10,205 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded28-05-2019
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0727580667
Also
9925:BE0727580667
Registered
23-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.