LimonAD
ActiveSummary
LimonAD has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €13,583 and a net result of €5,530. Equity remains stable across the filed fiscal years (±0.8% per year). Its solvency ranks better than 55% of 148 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▼-6
Solvency67▲+4
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity ample (current ratio 1.73 against 1.6 in 2024; short-term debt: 57.8% and cash: 65.1% of total assets), but 57.8% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 58
Relative position
BE, all sectors
reference
Publishing activities (NACE 58)
about 30% fewer bankruptcies
← 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
42.2%
Return on assets
17.2%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €13,583
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 31-03-2026, 122 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
122 d early
2024
118 d early
2023
70 d early
2022
35 d early
2021
6 d early
2020
26 d late
2019
98 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 32 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 23 May (4 of the last 5 filed years within 53 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€5,530▲ 77.8%
2024 · €3,109
Working capital
€13,583▲ 68.7%
2024 · €8,053
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 58, Publishing activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€78-€2,043▼ 2,519%-€1,136▲ 44.4%€5,798€9,141▲ 57.7%
Net result-€1,318within the sector's middle half-€3,080within the sector's middle half▼ 134%-€2,140within the sector's middle half▲ 30.5%€3,109within the sector's middle half€5,530within the sector's middle half▲ 77.8%
Equity€10,163within the sector's middle half▼ 11.5%€7,083below the sector's middle half▼ 30.3%€4,943below the sector's middle half▼ 30.2%€8,053below the sector's middle half▲ 62.9%€13,583below the sector's middle half▲ 68.7%
Total assets€17,591below the sector's middle half▼ 30.9%€16,414below the sector's middle half▼ 6.7%€11,975below the sector's middle half▼ 27.0%€21,455below the sector's middle half▲ 79.2%€32,148below the sector's middle half▲ 49.8%
Debt€7,428▼ 46.9%€9,332▲ 25.6%€7,032▼ 24.6%€13,402▲ 90.6%€18,566▲ 38.5%
Working capital€8,737within the sector's middle half▼ 36.0%€5,877below the sector's middle half▼ 32.7%€4,398below the sector's middle half▼ 25.2%€8,053within the sector's middle half▲ 83.1%€13,583within the sector's middle half▲ 68.7%
Solvency57.8%within the sector's middle half▲ 12.7pp43.1%within the sector's middle half▼ 14.6pp41.3%within the sector's middle half▼ 1.9pp37.5%within the sector's middle half▼ 3.7pp42.2%within the sector's middle half▲ 4.7pp
Current ratio2.25within the sector's middle half▲ 0.091.63within the sector's middle half▼ 0.621.63within the sector's middle half=1.60within the sector's middle half▼ 0.021.73within the sector's middle half▲ 0.13
Return on assets (ROA)-7.5%below the sector's middle half▼ 15.5pp-18.8%below the sector's middle half▼ 11.3pp-17.9%below the sector's middle half▲ 0.9pp14.5%above the sector's middle half▲ 32.4pp17.2%above the sector's middle half▲ 2.7pp
above
within
below
the middle half (P25 to P75) of NACE 58, Publishing activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 58% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €32,148
Equity
€13,583 ▲ 68.7%
Debt
€18,566 ▲ 38.5%
Debt's share of the balance-sheet total falls from 62.5% to 57.8%. Equity and debt are higher.
Key figures and ratios
Debt to equity
1.37▼
2024 · 1.66
ROE
40.7%▲
2024 · 38.6%
Debt ≤ 1 year
€18,566▲
2024 · €13,402
Income taxes
€3,121▲
2024 · €2,300
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,696 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €116 | €661 | €661 | €545 | - | - |
| Other operating charges640/8 | €1,102 | €1,139 | €508 | €818 | €866 | ▲ 5.8% |
| Gross operating margin9900 | €1,140 | -€244 | €33 | €7,161 | €10,006 | ▲ 39.7% |
| Operating profit (loss)9901 | -€78 | -€2,043 | -€1,136 | €5,798 | €9,141 | ▲ 57.7% |
| Financial income75/76B | - | €0 | €0 | €5 | €9 | ▲ 72.1% |
| Recurring financial income75 | - | €0 | €0 | €5 | €9 | ▲ 72.1% |
| Financial charges65/66B | €442 | €552 | €375 | €393 | €498 | ▲ 26.6% |
| Recurring financial charges65 | €442 | €552 | €375 | €393 | €498 | ▲ 26.6% |
| Profit (loss) for the period before taxes9903 | -€520 | -€2,595 | -€1,510 | €5,410 | €8,651 | ▲ 59.9% |
| Income taxes67/77 | €798 | €485 | €629 | €2,300 | €3,121 | ▲ 35.7% |
| Profit (loss) for the period9904 | -€1,318 | -€3,080 | -€2,140 | €3,109 | €5,530 | ▲ 77.8% |
| Profit (loss) for the period to be appropriated9905 | -€1,318 | -€3,080 | -€2,140 | €3,109 | €5,530 | ▲ 77.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €17,591 | €16,414 | €11,975 | €21,455 | €32,148 | ▲ 49.8% |
| Fixed assets21/28 | €1,867 | €1,206 | €545 | - | - | - |
| Tangible fixed assets22/27 | €1,867 | €1,206 | €545 | - | - | - |
| Furniture and vehicles24 | €1,867 | €1,206 | €545 | - | - | - |
| Current assets29/58 | €15,724 | €15,208 | €11,430 | €21,455 | €32,148 | ▲ 49.8% |
| Amounts receivable within one year40/41 | €6,153 | €7,937 | €9,930 | €11,308 | €10,764 | ▼ 4.8% |
| Trade receivables40 | €3,423 | €7,937 | €9,930 | €11,308 | €8,264 | ▼ 26.9% |
| Other amounts receivable41 | €2,730 | - | - | - | €2,500 | - |
| Cash at bank and in hand54/58 | €6,771 | €7,047 | €1,074 | €9,560 | €20,936 | ▲ 119% |
| Deferred charges and accrued income490/1 | €2,800 | €224 | €426 | €587 | €449 | ▼ 23.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €17,591 | €16,414 | €11,975 | €21,455 | €32,148 | ▲ 49.8% |
| Equity10/15 | €10,163 | €7,083 | €4,943 | €8,053 | €13,583 | ▲ 68.7% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Outside capital11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Other1109/19 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Profit (loss) carried forward14 | -€2,237 | -€5,317 | -€7,457 | -€4,347 | €1,183 | ▲ 127% |
| Amounts payable17/49 | €7,428 | €9,332 | €7,032 | €13,402 | €18,566 | ▲ 38.5% |
| Amounts payable after more than one year17 | €441 | - | - | - | - | - |
| Financial debts170/4 | €441 | - | - | - | - | - |
| Amounts payable within one year42/48 | €6,987 | €9,332 | €7,032 | €13,402 | €18,566 | ▲ 38.5% |
| Current portion of amounts payable after more than one year42 | €1,729 | €441 | - | - | - | - |
| Trade debts44 | €4,358 | €4,757 | €4,670 | €1,579 | €1,863 | ▲ 18.0% |
| Suppliers440/4 | €4,358 | €4,757 | €4,670 | €1,579 | €1,863 | ▲ 18.0% |
| Advances received on contracts in progress46 | - | - | - | €200 | €216 | ▲ 8.1% |
| Taxes, remuneration and social security45 | €900 | €2,356 | €2,335 | €8,104 | €12,805 | ▲ 58.0% |
| Taxes450/3 | €900 | €2,356 | €2,335 | €8,104 | €12,805 | ▲ 58.0% |
| Other amounts payable47/48 | - | €1,778 | €27 | €3,519 | €3,682 | ▲ 4.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,318 | -€3,080 | -€2,140 | €3,109 | €5,530 | ▲ 77.8% |
| + Depreciation and write-downs630 | €116 | €661 | €661 | €545 | - | - |
| Operating cash flow (approximation) | -€1,202 | -€2,419 | -€1,479 | €3,654 | €5,530 | ▲ 51.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | - | - |
| Change in cash | - | €276 | -€5,973 | €8,485 | €11,376 | ▲ 34.1% |
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
Next filing, fiscal year 2026, expected by
2026
31-03
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €5,530 ▲77.8%
Operating result €9,141, net result €5,530, both a record.
04-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €3,109
Net result €3,109 after 3 loss-making years.
22-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet -€3,080
Net result drops to -€3,080, the lowest in the series; recovery starts the following year.
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
06-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 98 days late
2019
31-12
Financial
Back to profitnet €91
Net result €91 after one loss-making year.
09-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 9 days late
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 22 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Sambreville · 1 establishment unit since 2013
Ground area
1,094 m²
Building footprint
161 m²
Parcel 92129E0060/00Y000, Wallonia. Linked by address, not a title deed.
1 establishment unit
LimonAD
since 20132.225.827.920
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92129E0060/00Y000 | Wallonia | 1,094 m² | 1 · 161 m² | - |
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.
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Of 1,115 companies in sector 58110 we hold annual accounts for 363. 181 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 (pre-2019)
Founded23-12-2013
Fiscal year end31-12
Activities, NACEBEL 2025
58110Book publishing
18130Pre-press and pre-media services
73110Advertising agencies
Contact
E-mail
info@limonad.beSambreville
E-invoicing
Reachable via Peppol
Peppol ID
0208:0543536530
Also
9925:BE0543536530
Registered
08-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.