LIMAZI
ActiveLIMAZI has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.86M and a net result of €381k. Equity is shrinking by ~2.7% per year across the filed fiscal years. Its solvency ranks better than 82% of 4123 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
79
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▲+8
Solvency95▲+3
Growth58=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €300k at 30 days acceptable
Liquidity ample (current ratio 3.28 against 3.95 in 2024; short-term debt: 19.7% and cash: 21.7% of total assets), and 30.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 · 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
69.9%
Return on assets
6.9%
Age of the figures
9 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 31-12-2025 was due by 31-07-2026 and was filed on 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
6 d early
2023
5 d late
2022
18 d early
2021
3 d early
2020
4 d late
2019
18 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€381k▲ 45.6%
2024 · €262k
2018: €56k
2019: €88k
2020: €-425k
2021: €457k
2022: €92k
2024: €262k
2018 → 2025
Working capital
€2.48M▼ 5.6%
2024 · €2.62M
2018: €2.76M
2019: €2.77M
2020: €2.63M
2021: €3.20M
2022: €2.95M
2024: €2.62M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220242025Trend
Equity€4.21M-€4.67M▲ 10.9%€4.54M▼ 2.7%€3.70M▼ 18.6%€3.86M▲ 4.4%
Operating result€-483k-€395k€31k▼ 92.2%€244k▲ 698%€411k▲ 68.3%
Net result€-425k-€457k€92k▼ 79.8%€262k▲ 184%€381k▲ 45.6%
Result per fiscal year
Operating resultNet result
The operating result rises in 2025; 2025 is 68% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.52M
Fixed assets
€1.96M▼ 1.3%
Current assets
€3.56M▲ 1.5%
Equity and liabilities €5.52M
Equity
€3.86M▲ 4.4%
Debt
€1.66M▼ 7.5%
The debt ratio falls from 32.7% to 30.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€594k▲
2024 · €333k
Cash flow
€564k▲
2024 · €351k
Solvency
69.9%▲
2024 · 67.3%
Current ratio
3.28▼
2024 · 3.95
Quick ratio
1.16▼
2024 · 1.37
Debt / equity
0.43▼
2024 · 0.49
ROE
9.9%▲
2024 · 7.1%
ROA
6.9%▲
2024 · 4.8%
Interest coverage
10.01▲
2024 · 5.31
Debt
€1.66M▼
2024 · €1.80M
Debt ≤ 1 year
€1.09M▲
2024 · €888k
Debt > 1 year
€577k▼
2024 · €910k
Income taxes
€84k▲
2024 · €39k
Staff costs
€1.21M▲
2024 · €1.09M
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€5.49M€5.52M▲
Fixed assets21/28€1.98M€1.96M▼
Intangible fixed assets21€115k€216k▲
Tangible fixed assets22/27€1.87M€1.74M▼
Land and buildings22€963k€954k▼
Plant, machinery and equipment23€620k€534k▼
Furniture and vehicles24€55k€39k▼
Leasing and similar rights25€2k€672▼
Other tangible fixed assets26€227k€212k▼
Financial fixed assets28€458€758▲
Current assets29/58€3.51M€3.56M▲
Stocks and contracts in progress3€2.29M€2.30M▲
Stocks30/36€2.29M€2.30M▲
Amounts receivable within one year40/41€103k€44k▼
Trade receivables40€22k€8k▼
Other amounts receivable41€82k€36k▼
Current investments50/53€0-
Cash at bank and in hand54/58€1.10M€1.20M▲
Deferred charges and accrued income490/1€14k€20k▲
Equity and liabilities
Total equity and liabilities10/49€5.49M€5.52M▲
Equity10/15€3.70M€3.86M▲
Contributions10/11€463k€463k=
Capital10€463k€463k=
Issued capital100€463k€463k=
Reserves13€46k€46k=
Non-distributable reserves130/1€46k€46k=
Legal reserve130€46k€46k=
Reserves not available under the articles1311€1€1=
Distributable reserves133€17€17=
Profit (loss) carried forward14€3.19M€3.35M▲
Amounts payable17/49€1.80M€1.66M▼
Amounts payable after more than one year17€910k€577k▼
Financial debts170/4€910k€577k▼
Amounts payable within one year42/48€888k€1.09M▲
Current portion of amounts payable after more than one year42€345k€333k▼
Trade debts44€233k€303k▲
Suppliers440/4€233k€303k▲
Taxes, remuneration and social security45€118k€157k▲
Taxes450/3€108k€124k▲
Remuneration and social security454/9€10k€33k▲
Other amounts payable47/48€192k€294k▲
Income statement
Code20242025
Non-recurring operating income76A€0€2k▲
Remuneration, social security and pensions62€1.09M€1.21M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€89k€183k▲
Other operating charges640/8€48k€50k▲
Non-recurring operating charges66A€24€2k▲
Gross operating margin9900€1.47M€1.86M▲
Operating profit (loss)9901€244k€411k▲
Financial income75/76B€120k€114k▼
Recurring financial income75€120k€114k▼
Financial charges65/66B€63k€59k▼
Recurring financial charges65€63k€59k▼
Profit (loss) for the period before taxes9903€301k€465k▲
Income taxes67/77€39k€84k▲
Profit (loss) for the period9904€262k€381k▲
Profit (loss) for the period to be appropriated9905€262k€381k▲
Appropriation of the result
Profit (loss) to be appropriated9906€3.41M€3.57M▲
Profit (loss) brought forward from the previous period14P€3.14M€3.19M▲
Profit to be distributed694/7€220k€220k=
Return on contributions (dividend)694€100k€100k=
Directors or managers695€120k€120k=
Social balance
Average headcount (FTE)908723.026.2▲
The notes to these accounts (25 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
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
05-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 5 days late
2023
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €457k
Net result €457k after one loss-making year.
04-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 4 days late
2020
31-12
Financial
Weakest financial yearnet €-425k ▼582%
Net result drops to €-425k, the lowest in the series; recovery starts the following year.
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-06
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
12 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, Lichtervelde · 4 establishment units since 2004
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.
Stegelstraat 428810 LichterveldeGround area
1.0 ha
Building footprint
4,805 m²
Volume, LiDAR
26,523 m³
4 parcels, Flanders · tallest building 16.0 m, ±4 floors. Linked by address, not a title deed.
4 establishment units
ARTEX FASHION
since 20042.144.937.343
Artex Fashion
since 20042.239.749.992
Artex Fashion
since 20042.239.751.675
Artex Fashion
since 20242.360.783.426
4 parcels
Flanders
4
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36492A0432/00F003 | Flanders | 3,949 m² | 1 · 1,847 m² | 7.1 m · 2 fl. |
| 36011E1478/00G000 | Flanders | 3,120 m² | 1 · 1,734 m² | 8.0 m · 2 fl. |
| 36505B1190/00A000 | Flanders | 2,031 m² | 1 · 572 m² | - |
| 43010C0075/00F000 | Flanders | 984 m² | 1 · 652 m² | 16.0 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 3
4 of 4 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 7 entries · 26,716 EUR awarded · 31,855 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 5,181 EUR | 6,772 EUR |
| 2024 | 2 | 14,451 EUR | 12,599 EUR |
| 2023 | 2 | 4,162 EUR | 9,562 EUR |
| 2022 | 1 | 2,922 EUR | 2,922 EUR |
Schemes
Individueel Maatwerk
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 6,501 companies in sector 47716 we hold annual accounts for 2,440. 477 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded29-11-2004
Fiscal year end31-12
Activities, NACEBEL
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
52421
46423Wholesale of clothing, excluding workwear and underwear
47512Retail sale of household textiles and bedding
51421
52410
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.