Equity
-€9,596
Debts exceed assets in financial year 2025.
LIOH
Lifetime
8 annual accounts with figures on one time axispeak €47,145 (2019)
-€4,721▼ €8,850
lowest -€18,073 (2020)
-€7,099▼ €1,144
peak €39,086 (2019)
-€9,596▼ €7,099
€18,214▼ 73.6%
Board1 name since 2018
1 directorAndy Lambrecht
Documentsfilings and deeds
25-08-202625 days late
2025micro format
Gross margin from €4,129 to -€4,721Loss of €7,099Equity from -€2,497 to -€9,596Debts from €68,952 to €18,214Cash from €13,415 to €2,725
Key points
from the 2025 annual accountsLosses
-€31,954 in four years
Every financial year from 2022 to 2025 closed with a loss. 2022 was the heaviest.
Debts
€18,214 211% of the balance sheet
2025 accounts filed 25 days after the deadlineTurnover not published (micro format)
Checked score
53
Fair
Financially stronger than 13% of micro companies in wholesale trade (NACE 46)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.6%
01-2025: 0.5%▼ -0.1 percentage points vs 12-2024
02-2025: 0.5%● unchanged vs 01-2025
03-2025: 0.6%▲ +0.1 percentage points vs 02-2025
04-2025: 0.6%● unchanged vs 03-2025
05-2025: 0.6%● unchanged vs 04-2025
06-2025: 0.5%▼ -0.1 percentage points vs 05-2025lowest value
07-2025: 0.6%▲ +0.1 percentage points vs 06-2025
08-2025: 1.0%▲ +0.4 percentage points vs 07-2025
09-2025: 1.2%▲ +0.2 percentage points vs 08-2025
10-2025: 1.2%● unchanged vs 09-2025
11-2025: 1.2%● unchanged vs 10-2025
12-2025: 1.2%● unchanged vs 11-2025
01-2026: 1.2%● unchanged vs 12-2025
02-2026: 1.2%● unchanged vs 01-2026
03-2026: 1.1%▼ -0.1 percentage points vs 02-2026
04-2026: 1.2%▲ +0.1 percentage points vs 03-2026
05-2026: 1.2%● unchanged vs 04-2026
06-2026: 1.1%▼ -0.1 percentage points vs 05-2026
07-2026: 1.2%▲ +0.1 percentage points vs 06-2026
08-2026: 1.9%▲ +0.7 percentage points vs 07-2026highest value
09-2026: 1.0%▼ -0.9 percentage points vs 08-2026
10-2026: 1.0%● unchanged vs 09-2026
11-2026: 1.0%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€9,596
Loss of €7,099, the second in a row (financial year 2025)
lowers risk
Size: total assets €8,618
Liquidity: current ratio 0.25, cash €2,725, halved
Calculation
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 46, micro). It does better than 6% of them on solvency, 37% on liquidity, 6% on profitability and 2% on growth.
The bankruptcy probability was computed on 09-11-2026 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).
Comparable companies, two years later
In July 2024, 6,008 companies had the same profile as LIOH has now. Each dot stands for 16 companies, two years later.
83.0%
were still trading
8.4%
stopped another way
7.9%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of LIOH itself is lower: 1.0% within 12 months. It rests on far more data about LIOH than the profile alone.
Test of the method
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 6,008 companies, not a prediction for LIOH. 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.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.25 (0.53 in 2024), below 1. Short-term debt is 211.3% and cash 31.6% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€9,596
raises risk · 2025 accounts filed 25 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 8 filingsDeviation from the deadline
2025
25 days late
2024
26 days late
2023
30 days early
2022
3 days late
2021
2 days early
2020
12 days late
2019
11 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 6 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 3 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Andy Lambrecht founderdeed of 26-01-2018
- De Proost Edith Denise Victorine founderdeed of 26-01-2018
Recent changes
Incorporation
Capital contribution of €6,300 · Contribution: Andy Lambrecht (63 shares) · 1 share · published on 26-01-2018 · Gazette deed
First establishment
Hulstplein 28, Tielt
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| LIOH Tielt | €8,618 | -€4,721 | -111.3% | - |
| F & J Genk | €8,097 | -€989 | 78.9% | - |
| SOLUTIONEVE Woluwe-Saint-Pierre | €7,755 | -€1,593 | -260.1% | - |
| AC OUTDOOR CONSULT Nassogne | €7,456 | -€12,069 | -849.0% | - |
| HMTC Koekelberg | €5,737 | -€6,588 | -1003.6% | - |
| SIMBABEL Woluwe-Saint-Pierre | €13,019 | -€13,392 | 43.8% | - |
| INNOVATIVE SUGARWORKS EUROPE Chaumont-Gistoux | €7,868 | -€775 | 96.5% | - |
These companies have the same main activity as LIOH: agents in non-specialised wholesale trade (NACE 46190). They are comparable in size and age: total assets between €5,740 and €13,000, founded between 2015 and 2020.
Official details
Source: KBO- Status
- Active since 24-01-2018Normal situation
- Activity
- Agents in non-specialised wholesale tradeNACE 46190and 2 others
- Establishment unit
- 2.272.662.0928700 Tielt, since 24-01-2018
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Insights on LIOH
LIOH files the micro format. That format states no turnover. The gross margin fell from €26,033 in 2018 to -€4,721 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about LIOH
- What is the company number of LIOH?
- The company number of LIOH is 0688.817.091. The VAT number is the same number with BE in front: BE 0688.817.091.
- Where is LIOH based?
- The registered office is at Hulstplein 28, 8700 Tielt.Company details
- What does LIOH do?
- According to the KBO register, the main activity is agents in non-specialised wholesale trade (NACE 46190).
- What is the legal form of LIOH?
- LIOH is a private limited company (pre-2019) (BVBA).
- When was LIOH founded?
- LIOH was founded on 24-01-2018.
- Is LIOH still active?
- Yes, LIOH is an active enterprise in the KBO register.
- What is the turnover of LIOH?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is LIOH profitable?
- In financial year 2025, LIOH made a loss of €7,099.
- Where can I find the annual accounts of LIOH?
- LIOH filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of LIOH due?
- LIOH must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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