LIVAR
ActiveSummary
The computed 12-month bankruptcy probability of LIVAR is 2.5% (moderate). The 2024 annual accounts show equity of €55k and a net result of €-47k. Equity is growing by ~8.7% per year across the filed fiscal years. Its solvency ranks better than 62% of 36375 sector peers (fiscal year 2024). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-69
Solvency82▼-18
Growth52=
Track record100
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 2.25 against 4.24 in 2023; short-term debt: 34% and cash: 24.9% of total assets), and 42.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
57.5%
Return on assets
-49.4%
Age of the figures
21 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 31-12-2024 was due by 31-07-2025 and was filed on 19-06-2025, 42 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
42 d early
2023
42 d late
2022
40 d late
2021
71 d late
2020
94 d late
2019
140 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-47k
2023 · €606
2018: €35k
2019: €8k▼ -77.3% vs 2018
2020: €41k▲ +417% vs 2019highest in 7 years
2021: €6k▼ -85.7% vs 2020
2022: €9k▲ +55.8% vs 2021
2023: €606▼ -93.3% vs 2022
2024: €-47k▼ -7865% vs 2023lowest in 7 years
2018 → 2024
Working capital
€40k▼ 50.7%
2023 · €82k
2018: €30klowest in 7 years
2019: €35k▲ +15.6% vs 2018
2020: €67k▲ +93.7% vs 2019
2021: €74k▲ +10.1% vs 2020
2022: €79k▲ +7.1% vs 2021
2023: €82k▲ +3.6% vs 2022highest in 7 years
2024: €40k▼ -50.7% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€86k-€92k▲ 6.8%€101k▲ 9.9%€102k▲ 0.6%€55k▼ 46.2%
2020: €86k
2021: €92k▲ +6.8% vs 2020
2022: €101k▲ +9.9% vs 2021
2023: €102k▲ +0.6% vs 2022highest in 5 years
2024: €55k▼ -46.2% vs 2023lowest in 5 years
Operating result€68k-€21k▼ 69.1%€48k▲ 131%€8k▼ 84.4%€-43k
2020: €68khighest in 5 years
2021: €21k▼ -69.1% vs 2020
2022: €48k▲ +131% vs 2021
2023: €8k▼ -84.4% vs 2022
2024: €-43k▼ -679% vs 2023lowest in 5 years
Net result€41k-€6k▼ 85.7%€9k▲ 55.8%€606▼ 93.3%€-47k
2020: €41khighest in 5 years
2021: €6k▼ -85.7% vs 2020
2022: €9k▲ +55.8% vs 2021
2023: €606▼ -93.3% vs 2022
2024: €-47k▼ -7865% vs 2023lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €43k after €8k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €95k
Fixed assets
€22k ▲ 12.5%
Current assets
€73k ▼ 32.1%
Equity and liabilities €95k
Equity
€55k ▼ 46.2%
Debt
€40k ▲ 60.1%
Debt's share of the balance-sheet total rises from 19.9% to 42.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-28k▼
2023 · €20k
Cash flow
€-32k▼
2023 · €13k
Current ratio
2.25▼
2023 · 4.24
Debt to equity
0.74▲
2023 · 0.25
ROE
-86.0%▼
2023 · 0.6%
ROA
-49.4%▼
2023 · 0.5%
Interest coverage
-17.13▼
2023 · 8.89
Debt ≤ 1 year
€32k▲
2023 · €25k
Debt > 1 year
€8k
Income taxes
€2k▼
2023 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 40 lines
Balance sheet
Code20232024
Assets
Total assets20/58€127k€95k▼
Fixed assets21/28€20k€22k▲
Tangible fixed assets22/27€20k€22k▲
Plant, machinery and equipment23€6k€3k▼
Furniture and vehicles24€14k€20k▲
Current assets29/58€107k€73k▼
Amounts receivable within one year40/41€65k€49k▼
Trade receivables40€46k€25k▼
Other amounts receivable41€19k€24k▲
Cash at bank and in hand54/58€41k€24k▼
Deferred charges and accrued income490/1€1k-
Equity and liabilities
Total equity and liabilities10/49€127k€95k▼
Equity10/15€102k€55k▼
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€94k€47k▼
Amounts payable17/49€25k€40k▲
Amounts payable after more than one year17-€8k
Financial debts170/4-€8k
Amounts payable within one year42/48€25k€32k▲
Current portion of amounts payable after more than one year42€4k€7k▲
Trade debts44€9k€12k▲
Suppliers440/4€9k€12k▲
Taxes, remuneration and social security45€12k€14k▲
Taxes450/3€12k€14k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€15k▲
Other operating charges640/8€8k€4k▼
Gross operating margin9900€28k€-24k▼
Operating profit (loss)9901€8k€-43k▼
Financial income75/76B€8€4▼
Recurring financial income75€8€4▼
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€5k€-45k▼
Income taxes67/77€5k€2k▼
Profit (loss) for the period9904€606€-47k▼
Profit (loss) for the period to be appropriated9905€606€-47k▼
Appropriation of the result
Profit (loss) to be appropriated9906€94k€47k▼
Profit (loss) brought forward from the previous period14P€93k€94k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14k | €18k | €10k | €12k | €15k | ▲ 25.8% |
| Other operating charges640/8 | - | €3k | €6k | €8k | €4k | ▼ 47.0% |
| Gross operating margin9900 | €93k | €41k | €65k | €28k | €-24k | ▼ 185% |
| Operating profit (loss)9901 | €68k | €21k | €48k | €8k | €-43k | ▼ 679% |
| Financial income75/76B | - | €3 | €23 | €8 | €4 | ▼ 52.4% |
| Recurring financial income75 | €3 | €3 | €23 | €8 | €4 | ▼ 52.4% |
| Financial charges65/66B | - | €3k | €31k | €2k | €2k | ▼ 26.1% |
| Recurring financial charges65 | €2k | €3k | €31k | €2k | €2k | ▼ 26.1% |
| Profit (loss) for the period before taxes9903 | €65k | €18k | €17k | €5k | €-45k | ▼ 951% |
| Income taxes67/77 | €24k | €12k | €8k | €5k | €2k | ▼ 58.2% |
| Profit (loss) for the period9904 | €41k | €6k | €9k | €606 | €-47k | ▼ 7,865% |
| Profit (loss) for the period to be appropriated9905 | €41k | €6k | €9k | €606 | €-47k | ▼ 7,865% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €302k | €164k | €124k | €127k | €95k | ▼ 25.1% |
| Fixed assets21/28 | €45k | €31k | €26k | €20k | €22k | ▲ 12.5% |
| Tangible fixed assets22/27 | €45k | €31k | €26k | €20k | €22k | ▲ 12.5% |
| Plant, machinery and equipment23 | - | - | €5k | €6k | €3k | ▼ 49.9% |
| Furniture and vehicles24 | - | €31k | €21k | €14k | €20k | ▲ 36.8% |
| Current assets29/58 | €258k | €133k | €98k | €107k | €73k | ▼ 32.1% |
| Amounts receivable within one year40/41 | €222k | €108k | €89k | €65k | €49k | ▼ 24.8% |
| Trade receivables40 | - | €94k | €69k | €46k | €25k | ▼ 46.0% |
| Other amounts receivable41 | - | €14k | €20k | €19k | €24k | ▲ 27.6% |
| Cash at bank and in hand54/58 | €36k | €22k | €8k | €41k | €24k | ▼ 41.9% |
| Deferred charges and accrued income490/1 | - | €2k | €946 | €1k | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €302k | €164k | €124k | €127k | €95k | ▼ 25.1% |
| Equity10/15 | €86k | €92k | €101k | €102k | €55k | ▼ 46.2% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Capital10 | - | €6k | €6k | - | - | - |
| Issued capital100 | - | €19k | €19k | - | - | - |
| Uncalled capital101 | - | €12k | €12k | - | - | - |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Legal reserve130 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | - | - | €2k | €2k | = |
| Profit (loss) carried forward14 | €78k | €84k | €93k | €94k | €47k | ▼ 50.2% |
| Amounts payable17/49 | €216k | €71k | €23k | €25k | €40k | ▲ 60.1% |
| Amounts payable after more than one year17 | €26k | €13k | €4k | - | €8k | - |
| Financial debts170/4 | - | €13k | €4k | - | €8k | - |
| Amounts payable within one year42/48 | €191k | €59k | €19k | €25k | €32k | ▲ 28.0% |
| Current portion of amounts payable after more than one year42 | - | €13k | €8k | €4k | €7k | ▲ 56.0% |
| Trade debts44 | €153k | €6k | - | €9k | €12k | ▲ 36.3% |
| Suppliers440/4 | - | €6k | - | €9k | €12k | ▲ 36.3% |
| Taxes, remuneration and social security45 | - | €39k | €10k | €12k | €14k | ▲ 12.6% |
| Taxes450/3 | - | €32k | €10k | €12k | €14k | ▲ 12.6% |
| Remuneration and social security454/9 | - | €7k | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €41k | €6k | €9k | €606 | €-47k | ▼ 7,865% |
| + Depreciation and write-downs630 | €14k | €18k | €10k | €12k | €15k | ▲ 25.8% |
| Operating cash flow (approximation) | €55k | €24k | €19k | €13k | €-32k | ▼ 347% |
| Investment in fixed assets (approximation) | - | €-4k | €-6k | €-6k | €-18k | ▼ 211% |
| Change in cash | - | €-14k | €-14k | €33k | €-17k | ▼ 152% |
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
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-47k
Net result drops to €-47k, the lowest in the series.
11-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 42 days late
2023
09-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 40 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 5.21
Current ratio from 2.25 to 5.21; short-term debt falls from €59k to €19k.
31-12
Financial
Equity above €100kEq €101k ▲9.9%
5 profitable years in a row build equity to €101k.
10-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 71 days late
2021
02-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 94 days late
2020
31-12
Financial
Highest result since 2018net €41k ▲417%
Operating result €68k, net result €41k, both a record.
18-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 140 days late
2019
10-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 71 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
09-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 282 days late
2017
19-12
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 506 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Anderlecht · 1 establishment unit since 2013
Ground area
219 m²
Building footprint
62 m²
Volume, LiDAR
385 m³
Parcel 21302A0528/00A003, Brussels · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Gespstraat 10, 1070 Anderlecht
since 20132.217.470.379
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21302A0528/00A003 | Brussels | 219 m² | 1 · 61 m² | 7.3 m · 2 fl. |
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 4,271 companies in sector 43230 we hold annual accounts for 1,240. 1,033 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
Founded21-12-2012
Fiscal year end31-12
Activities, NACEBEL 2025
43230Insulation installation
81220Other building cleaning and industrial cleaning
81300Landscape service activities
Scores and ratios are computed by Checked and are not a credit decision.