Equity
Equity fell by 80% in 1 year.
Equity fell by 80% in 1 year.
The accounts state no turnover.
Of this, €256,477 falls due within a year.
Short-term debts rose from €234,859 to €256,477.
Three of the last ten came late. The 2025 accounts came latest: 21 days after the end of the period.
Less equity than 88% of companies in building services and landscaping. Sector median €613,257 · 547 companies.
The dashed line is the sector median: 0.9% across 7,710 companies (NACE 81, micro).
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 81, micro). It does better than 19% of them on solvency, 3% on liquidity, 14% on profitability and 6% on growth.
The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 4,508 companies had the same profile as Limburg Cleaning & Constructie has now. Each dot stands for 12 companies, two years later.
That fits the bankruptcy probability of Limburg Cleaning & Constructie itself: 0.7% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 4,508 companies, not a prediction for Limburg Cleaning & Constructie. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is insufficient, with a current ratio of 0.86 (1.29 in 2024), below 1. Short-term debt is 88.4% and cash 0.5% of total assets. 88.8% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 4 days before the deadline. In the sector (NACE 81), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| Limburg Cleaning & Constructie Houthalen-Helchteren | €290,076 | €39,036 | 11.2% | - |
| GTRCLEAN Anderlecht | €290,343 | €38,505 | 51.9% | 2 |
| BEIRART Beersel | €240,281 | €33,896 | 63.3% | - |
| OLIMP Jette | €305,214 | €35,764 | 25.9% | - |
| R&C CLEANING Heusden-Zolder | €394,095 | €41,663 | 41.9% | - |
| NOVE Lommel | €243,934 | €40,312 | 41.8% | - |
| Coverit Lebbeke | €328,284 | €46,377 | 20.5% | - |
These companies have the same main activity as Limburg Cleaning & Constructie: general cleaning of buildings (NACE 81210). They are comparable in size and age: total assets between €240,000 and €394,000, founded between 2008 and 2015.
Limburg Cleaning & Constructie has existed since 2013. The gross margin fell from €854,083 in 2018 to €47,588 in 2022.
Solvency fell in 2025 from 40.6% to 11.2% because of the dividend.
XL GROUP VLAANDEREN holds 98% of the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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