LIEGEPICES
ActiveLIEGEPICES has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €157k and a net result of €65k. Equity is shrinking by ~18.3% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 28% of 10345 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
60
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability78=
Solvency43▼-13
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity tight (current ratio 1.47 against 1.66 in 2024; short-term debt: 30.4% and cash: 0.7% of total assets), and 81.8% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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
18.2%
Return on assets
7.6%
Age of the figures
9 mo
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 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
11 d early
2023
31 d early
2022
10 d early
2021
11 d early
2020
11 d early
2019
30 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€65k▼ 9.5%
2024 · €72k
2018: €123k
2019: €126k
2020: €159k
2021: €107k
2022: €50k
2023: €85k
2024: €72k
2018 → 2025
Working capital
€122k▼ 30.4%
2024 · €175k
2018: €308k
2019: €271k
2020: €346k
2021: €251k
2022: €115k
2023: €186k
2024: €175k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€705k-€547k▼ 22.4%€424k▼ 22.4%€292k▼ 31.1%€157k▼ 46.4%
Operating result€19k-€22k▲ 15.9%€62k▲ 186%€35k▼ 43.8%€32k▼ 6.7%
Net result€107k-€50k▼ 53.4%€85k▲ 71.0%€72k▼ 15.8%€65k▼ 9.5%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 7% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €858k
Fixed assets
€476k▼ 7.2%
Current assets
€383k▼ 13.0%
Equity and liabilities €858k
Equity
€157k▼ 46.4%
Provisions
€0▼ 100%
Debt
€702k▲ 6.4%
The debt ratio rises from 69.3% to 81.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€69k▼
2024 · €74k
Cash flow
€102k▼
2024 · €111k
Solvency
18.2%▼
2024 · 30.7%
Current ratio
1.47▼
2024 · 1.66
Quick ratio
1.47▼
2024 · 1.66
Debt / equity
4.48▲
2024 · 2.26
ROE
41.5%▲
2024 · 24.6%
ROA
7.6%▲
2024 · 7.5%
Interest coverage
138.62▲
2024 · 96.01
Debt
€702k▲
2024 · €660k
Debt ≤ 1 year
€261k▼
2024 · €265k
Debt > 1 year
€441k▲
2024 · €395k
Income taxes
€8k▼
2024 · €9k
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€952k€858k▼
Fixed assets21/28€512k€476k▼
Tangible fixed assets22/27€400k€363k▼
Land and buildings22€367k€337k▼
Plant, machinery and equipment23€32k€26k▼
Financial fixed assets28€113k€113k=
Current assets29/58€440k€383k▼
Amounts receivable after more than one year29€402k€348k▼
Other amounts receivable291€402k€348k▼
Amounts receivable within one year40/41€37k€29k▼
Trade receivables40€33k€26k▼
Other amounts receivable41€4k€3k▼
Cash at bank and in hand54/58€1k€6k▲
Equity and liabilities
Total equity and liabilities10/49€952k€858k▼
Equity10/15€292k€157k▼
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Reserves13€71k€71k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Distributable reserves133€69k€69k=
Profit (loss) carried forward14€202k€67k▼
Investment grants15€715-
Provisions and deferred taxes16€307-
Deferred taxes168€307-
Amounts payable17/49€660k€702k▲
Amounts payable after more than one year17€395k€441k▲
Financial debts170/4€395k€441k▲
Amounts payable within one year42/48€265k€261k▼
Current portion of amounts payable after more than one year42€26k€20k▼
Trade debts44€39k€41k▲
Suppliers440/4€39k€41k▲
Taxes, remuneration and social security45-€234
Taxes450/3-€234
Other amounts payable47/48€200k€200k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€39k€37k▼
Other operating charges640/8€10k€10k▲
Gross operating margin9900€84k€80k▼
Operating profit (loss)9901€35k€32k▼
Financial income75/76B€45k€41k▼
Recurring financial income75€45k€41k▼
Financial charges65/66B€767€500▼
Recurring financial charges65€767€500▼
Profit (loss) for the period before taxes9903€79k€73k▼
Transfer from deferred taxes780€2k€307▼
Income taxes67/77€9k€8k▼
Profit (loss) for the period9904€72k€65k▼
Profit (loss) for the period to be appropriated9905€72k€65k▼
Appropriation of the result
Profit (loss) to be appropriated9906€402k€267k▼
Profit (loss) brought forward from the previous period14P€330k€202k▼
Profit to be distributed694/7€200k€200k=
Return on contributions (dividend)694€200k€200k=
The notes to these accounts (7 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
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
20-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
21-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €50k ▼53.4%
Net result drops to €50k, the lowest in the series; recovery starts the following year.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €159k ▲26%
Operating result €186k, net result €159k, both a record.
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
03-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
18-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 18 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Herstal · 1 establishment unit since 2009
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.
Rue de l'Eperonnerie 124041 HerstalGround area
4,445 m²
Building footprint
1,088 m²
Volume, LiDAR
6,884 m³
Parcel 62071A0078/00R002, Wallonia · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LIEGEPICES
since 20092.174.731.684
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62071A0078/00R002 | Wallonia | 4,445 m² | 1 · 1,088 m² | 7.9 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.
Similar companies · same sector, comparable size
CAFES DE PAUW
BE 0433.573.271
Sint-Gillis (bij-Brussel) · Eq €156k
VILARBEL
BE 0864.595.246
Etterbeek · Eq €156k
EUROGRAINS
BE 0464.715.221
Brussel · Eq €157k
Né me Mé Nieuwpoort
BE 0767.934.746
Roeselare · Eq €156k
HA. SI.
BE 0821.781.327
Courcelles · Eq €155k
Of 2,477 companies in sector 47279 we hold annual accounts for 950. 722 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-12-2008
Fiscal year end31-12
Activities, NACEBEL
47279Other retail sale of food
47299Retail trade
46900Non-specialised wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
3 entriesE-mail:liegepices@skynet.be
Phone:04/264.27.05
Fax:04/264.57.49