LICREA
ActiveLICREA has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.97M and a net result of €32k. Equity is growing by ~5.4% per year across the filed fiscal years. Its solvency ranks better than 95% of 7892 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
86
/ 100
Excellent▼ -8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability8▼-15
Solvency100=
Growth52=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €170k at 30 days acceptable
Liquidity ample (current ratio 9.67 against 29.04 in 2024), and 3.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
96.7%
Return on assets
1.6%
Age of the figures
8 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 22-04-2026, 100 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
100 d early
2024
83 d early
2023
92 d early
2022
89 d early
2021
68 d early
2020
73 d early
2019
64 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.97M▲ 24.6%
2024 · €1.58M
2018: €1.12M
2019: €1.23M
2020: €1.32M
2021: €1.39M
2022: €1.44M
2023: €1.51M
2024: €1.58M
2018 → 2025
Total assets
€2.03M▲ 25.7%
2024 · €1.62M
2018: €1.16M
2019: €1.23M
2020: €1.33M
2021: €1.39M
2022: €1.46M
2023: €1.54M
2024: €1.62M
2018 → 2025
Net result
€32k▼ 56.2%
2024 · €72k
2018: €82k
2019: €105k
2020: €97k
2021: €63k
2022: €57k
2023: €63k
2024: €72k
2018 → 2025
Working capital
€572k▼ 47.1%
2024 · €1.08M
2018: €208k
2019: €292k
2020: €867k
2021: €927k
2022: €965k
2023: €1.01M
2024: €1.08M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.39M-€1.44M▲ 4.1%€1.51M▲ 4.4%€1.58M▲ 4.8%€1.97M▲ 24.6%
Operating result€70k-€62k▼ 12.0%€71k▲ 15.4%€75k▲ 5.4%€40k▼ 46.4%
Net result€63k-€57k▼ 9.0%€63k▲ 10.9%€72k▲ 13.8%€32k▼ 56.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 46% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.03M
Fixed assets
€1.40M▲ 180%
Current assets
€638k▼ 43.0%
Equity and liabilities €2.03M
Equity
€1.97M▲ 24.6%
Provisions
€412=
Debt
€66k▲ 71.2%
The debt ratio rises from 2.4% to 3.2%: debt grows faster than equity.
Key figures and ratios
EBITDA
€74k▼
2024 · €83k
Cash flow
€65k▼
2024 · €80k
Solvency
96.7%▼
2024 · 97.6%
Current ratio
9.67▼
2024 · 29.04
Quick ratio
9.67▼
2024 · 29.04
Debt / equity
0.03▲
2024 · 0.02
ROE
1.6%▼
2024 · 4.6%
ROA
1.6%▼
2024 · 4.5%
Interest coverage
58.15▼
2024 · 69.36
Debt
€66k▲
2024 · €39k
Debt ≤ 1 year
€66k▲
2024 · €39k
Income taxes
€15k▼
2024 · €27k
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€1.62M€2.03M▲
Fixed assets21/28€500k€1.40M▲
Tangible fixed assets22/27€500k€1.40M▲
Land and buildings22€495k€1.39M▲
Furniture and vehicles24€4k€3k▼
Current assets29/58€1.12M€638k▼
Amounts receivable within one year40/41€578k€20k▼
Trade receivables40€398€434▲
Other amounts receivable41€578k€20k▼
Cash at bank and in hand54/58€541k€617k▲
Equity and liabilities
Total equity and liabilities10/49€1.62M€2.03M▲
Equity10/15€1.58M€1.97M▲
Contributions10/11€80k€80k=
Capital10€80k€80k=
Issued capital100€80k€80k=
Revaluation surpluses12€384k€1.22M▲
Reserves13€1.11M€668k▼
Non-distributable reserves130/1€9k€9k=
Legal reserve130€9k€9k=
Distributable reserves133€1.11M€659k▼
Profit (loss) carried forward14-€0
Investment grants15€1k€1k=
Provisions and deferred taxes16€412€412=
Deferred taxes168€412€412=
Amounts payable17/49€39k€66k▲
Amounts payable within one year42/48€39k€66k▲
Trade debts44€1k€21k▲
Suppliers440/4€1k€21k▲
Taxes, remuneration and social security45€24k€17k▼
Taxes450/3€24k€17k▼
Other amounts payable47/48€13k€28k▲
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€33k▲
Other operating charges640/8€10k€11k▲
Gross operating margin9900€93k€84k▼
Operating profit (loss)9901€75k€40k▼
Financial income75/76B€25k€8k▼
Recurring financial income75€25k€8k▼
Financial charges65/66B€1k€1k▲
Recurring financial charges65€1k€1k▲
Profit (loss) for the period before taxes9903€99k€47k▼
Income taxes67/77€27k€15k▼
Profit (loss) for the period9904€72k€32k▼
Profit (loss) for the period to be appropriated9905€72k€32k▼
Appropriation of the result
Profit (loss) to be appropriated9906€72k€32k▼
Transfer from equity791/2-€500k
Transfer to equity691/2€72k€32k▼
To other reserves6921€72k€32k▼
Profit to be distributed694/7-€500k
Return on contributions (dividend)694-€500k
The notes to these accounts (6 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
22-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €32k ▼56.2%
Net result drops to €32k, the lowest in the series.
09-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
03-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
24-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
19-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
28-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Highest result since 2018net €105k ▲28.7%
Operating result €123k, net result €105k, both a record.
31-12
Financial
Liquidity times 36current ratio 238.34
Current ratio from 6.58 to 238.34; short-term debt falls from €37k to €1k.
05-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
19-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
11-07
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
13 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, Waregem · 1 establishment unit since 1994
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.
Mannebeekstraat 318790 WaregemGround area
2,500 m²
Building footprint
691 m²
Volume, LiDAR
4,658 m³
Parcel 34453F0799/00F000, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
AXIOMA LIGHTING NV
since 19942.068.372.273
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34453F0799/00F000 | Flanders | 2,500 m² | 1 · 691 m² | 8.8 m · 2 fl. |
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.
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Of 970 companies in sector 46431 we hold annual accounts for 698. 383 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded09-09-1994
Fiscal year end31-12
Activities, NACEBEL
46431Wholesale of electrical household appliances and audio-video equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.