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LIOREN

Active
Private limited companyfounded 200817 yrs activeRue des Bugranes(NN) 12, 5100 Namur, BelgiumKBO/BCE: BE 0807.654.662
Summary

LIOREN has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €96,756 and a net result of €20,690. Equity is growing by ~40.5% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.2% (low).

Checked score

Score 2024
Axes · tick = 2022
Profitability66▲+13
Solvency50▲+11
Growth78=
Track record100
Bankruptcy probability, 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.34 against 0.28 in 2022; short-term debt: 31.9% and cash: 1.2% of total assets), and 74.7% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 17 years 0 20 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
25.3%
Return on assets
5.4%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-03-2026, 221 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
221 d late
2022
71 d late
2021
119 d late
2020
163 d late
2019
101 d late
2017
198 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 146 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 7 November 2008, LIOREN was incorporated.1 Total assets went from EUR 482,447 in 2019 to EUR 381,939 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€96,756▲ 66.5%
2022 · €58,124
Total assets
€381,939▼ 8.5%
2022 · €417,240
Net result
€20,690▲ 24.5%
2022 · €16,614
Working capital
-€80,494▼ 9.8%
2022 · -€73,336
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20192020202120222024
Operating result€36,183-€32,801▼ 9.3%€40,636▲ 23.9%€41,098▲ 1.1%€41,942-
Net result€11,031-€9,854▼ 10.7%€17,369▲ 76.3%€16,614▼ 4.3%€20,690-
Equity€14,287-€24,141▲ 69.0%€41,511▲ 71.9%€58,124▲ 40.0%€96,756-
Total assets€482,447-€455,788▼ 5.5%€436,877▼ 4.1%€417,240▼ 4.5%€381,939-
Debt€468,160-€431,647▼ 7.8%€395,366▼ 8.4%€359,115▼ 9.2%€285,183-
Working capital-€89,994--€71,654▲ 20.4%-€70,930▲ 1.0%-€73,336▼ 3.4%-€80,494-
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€20,000€40,000Operating result 2019: €36,183€36,183Net result 2019: €11,031€11,031Operating result 2020: €32,801€32,801Net result 2020: €9,854€9,854Operating result 2021: €40,636€40,636Net result 2021: €17,369€17,369Operating result 2022: €41,098€41,098Net result 2022: €16,614€16,614Operating result 2024: €41,942€41,942Net result 2024: €20,690€20,69020192020202120222024€0€20,000€40,000Operating result 2021: €40,636€40,600Net result 2021: €17,369€17,400Operating result 2022: €41,098€41,100Net result 2022: €16,614€16,600Operating result 2024: €41,942€41,900Net result 2024: €20,690€20,700202120222024
The operating result is €41,942 in 2024, compared with €41,098 in 2022. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2024 in colour, 2022 as the grey bar beneath
Assets €381,939
Fixed assets €340,513 ▼ 12.5%
Current assets €41,425 ▲ 47.1%
Equity and liabilities €381,939
Equity €96,756 ▲ 66.5%
Debt €285,183 ▼ 20.6%
Debt's share of the balance-sheet total falls from 86.1% to 74.7%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2022
EBITDA
€66,227▲
2022 · €65,383
Cash flow
€44,975▲
2022 · €40,899
Current ratio
0.34▲
2022 · 0.28
Debt to equity
2.95▼
2022 · 6.18
ROE
21.4%▼
2022 · 28.6%
ROA
5.4%▲
2022 · 4.0%
Interest coverage
4.90▲
2022 · 3.53
Debt ≤ 1 year
€121,920▲
2022 · €101,492
Debt > 1 year
€158,309▼
2022 · €252,656
Income taxes
€7,750▲
2022 · €5,984
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 5,053 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
1.5% went bankrupt
2.3% stopped otherwise
96% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.2% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 5,053 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
Filed annual accounts As filed with the NBB · 2024 against 2022 · 36 lines
Balance sheet Code20222024
Assets
Total assets20/58€417,240€381,939▼
Fixed assets21/28€389,084€340,513▼
Tangible fixed assets22/27€389,084€340,513▼
Land and buildings22€389,084€340,513▼
Current assets29/58€28,155€41,425▲
Amounts receivable within one year40/41€26,706€36,657▲
Trade receivables40€11,706€21,657▲
Other amounts receivable41€15,000€15,000=
Cash at bank and in hand54/58€1,449€4,769▲
Equity and liabilities
Total equity and liabilities10/49€417,240€381,939▼
Equity10/15€58,124€96,756▲
Contributions10/11€35,000€35,000=
Profit (loss) carried forward14€23,124€61,756▲
Amounts payable17/49€359,115€285,183▼
Amounts payable after more than one year17€252,656€158,309▼
Financial debts170/4€252,656€158,309▼
Amounts payable within one year42/48€101,492€121,920▲
Current portion of amounts payable after more than one year42€43,319€48,514▲
Trade debts44-€5,030
Suppliers440/4-€5,030
Taxes, remuneration and social security45€6,031€8,344▲
Taxes450/3€6,031€8,344▲
Other amounts payable47/48€52,142€60,032▲
Accrued charges and deferred income492/3€4,968€4,954▼
Income statement Code20222024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24,286€24,286=
Other operating charges640/8€4,748€5,773▲
Gross operating margin9900€70,131€72,000▲
Operating profit (loss)9901€41,098€41,942▲
Financial charges65/66B€18,500€13,503▼
Recurring financial charges65€18,500€13,503▼
Profit (loss) for the period before taxes9903€22,598€28,439▲
Income taxes67/77€5,984€7,750▲
Profit (loss) for the period9904€16,614€20,690▲
Profit (loss) for the period to be appropriated9905€16,614€20,690▲
Appropriation of the result
Profit (loss) to be appropriated9906€23,124€61,756▲
Profit (loss) brought forward from the previous period14P€6,511€41,066▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20192020202120222024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25,192€24,286€24,286€24,286€24,286-
Other operating charges640/8--€4,877€4,748€5,773-
Gross operating margin9900€66,124€61,825€69,798€70,131€72,000-
Operating profit (loss)9901€36,183€32,801€40,636€41,098€41,942-
Financial charges65/66B--€20,897€18,500€13,503-
Recurring financial charges65€25,152€22,947€20,897€18,500€13,503-
Profit (loss) for the period before taxes9903€11,031€9,854€19,739€22,598€28,439-
Income taxes67/77--€2,370€5,984€7,750-
Profit (loss) for the period9904€11,031€9,854€17,369€16,614€20,690-
Profit (loss) for the period to be appropriated9905€11,031€9,854€17,369€16,614€20,690-
Line20192020202120222024Change
Assets
Total assets20/58€482,447€455,788€436,877€417,240€381,939-
Fixed assets21/28€461,941€437,655€413,370€389,084€340,513-
Tangible fixed assets22/27€461,941€437,655€413,370€389,084€340,513-
Land and buildings22--€413,370€389,084€340,513-
Current assets29/58€20,506€18,132€23,507€28,155€41,425-
Amounts receivable within one year40/41€15,002€16,915€18,811€26,706€36,657-
Trade receivables40--€3,809€11,706€21,657-
Other amounts receivable41--€15,002€15,000€15,000-
Cash at bank and in hand54/58€5,505€1,217€4,696€1,449€4,769-
Equity and liabilities
Total equity and liabilities10/49€482,447€455,788€436,877€417,240€381,939-
Equity10/15€14,287€24,141€41,511€58,124€96,756-
Contributions10/11€35,000-€35,000€35,000€35,000-
Profit (loss) carried forward14-€20,713-€10,859€6,511€23,124€61,756-
Amounts payable17/49€468,160€431,647€395,366€359,115€285,183-
Amounts payable after more than one year17€352,673€336,880€295,954€252,656€158,309-
Financial debts170/4--€295,954€252,656€158,309-
Amounts payable within one year42/48€110,500€89,786€94,437€101,492€121,920-
Current portion of amounts payable after more than one year42--€40,925€43,319€48,514-
Trade debts44----€5,030-
Suppliers440/4----€5,030-
Taxes, remuneration and social security45--€2,370€6,031€8,344-
Taxes450/3--€2,370€6,031€8,344-
Other amounts payable47/48--€51,142€52,142€60,032-
Accrued charges and deferred income492/3--€4,975€4,968€4,954-
Line20192020202120222024Change
Profit (loss) for the period9904€11,031€9,854€17,369€16,614€20,690-
+ Depreciation and write-downs630€25,192€24,286€24,286€24,286€24,286-
Operating cash flow (approximation)€36,223€34,140€41,655€40,899€44,975-
Investment in fixed assets (approximation)-€0€0€0--
Change in cash--€4,287€3,479-€3,247--

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
09-03
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 221 days late
2024
31-12
Financial Highest result since 2019net €20,690 ▲24.5%
Operating result €41,942, net result €20,690, both a record.
2023
10-10
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 71 days late
2022
27-11
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 119 days late
10-01
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 163 days late
2020
31-12
Financial Weakest financial yearnet €9,854 ▼10.7%
Net result drops to €9,854, the lowest in the series; recovery starts the following year.
09-11
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 101 days late
2019
14-02
NBB filing Annual accounts filed
fiscal year 2017 · full schema · 198 days late
2017
07-06
NBB filing Annual accounts filed
fiscal year 2016 · full schema
2016
15-06
NBB filing Annual accounts filed
fiscal year 2015 · full schema
2015
03-08
NBB filing Annual accounts filed
fiscal year 2014 · full schema · 3 days late
2014
11-08
NBB filing Annual accounts filed
fiscal year 2013 · full schema · 11 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, Namur
exact location from the address register On OpenStreetMap
Ground area
3,093 m²
Building footprint
869 m²
Parcel 92095B0213/00C002, Wallonia. Linked by address, not a title deed.
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
92095B0213/00C002 Wallonia 3,093 m² 1 · 869 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.

Identification & contact

Identification
Legal formPrivate limited company
Founded07-11-2008
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.