LIVARCO
ActiveLIVARCO has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-15k) and a net result of €-42k. Equity is shrinking by ~21.2% per year across the filed fiscal years. Its solvency ranks better than 9% of 16941 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
15
/ 100
Critical▲ +5 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency33▲+28
Growth32=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.2 against 0.32 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Seven 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 62
Relative position
BE, all sectors
reference
Sector 62
lower
← 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 2025Solvency, return and age of the figures
Solvency
-4.2%
Return on assets
-12%
Age of the figures
9 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
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€15k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-08-2026, 14 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
14 d late
2024
25 d late
2023
30 d late
2022
23 d late
2021
30 d late
2020
9 d late
2019
7 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-15k
2024 · €27k
2018: €172k
2019: €172k
2020: €164k
2021: €176k
2022: €118k
2023: €71k
2024: €27k
2018 → 2025
Total assets
€351k▼ 10.4%
2024 · €392k
2018: €192k
2019: €215k
2020: €436k
2021: €466k
2022: €491k
2023: €438k
2024: €392k
2018 → 2025
Net result
€-42k▲ 3.3%
2024 · €-44k
2018: €51k
2019: €51k
2020: €18k
2021: €19k
2022: €11k
2023: €-47k
2024: €-44k
2018 → 2025
Working capital
€-132k▼ 17.5%
2024 · €-113k
2018: €164k
2019: €163k
2020: €136k
2021: €-40k
2022: €-43k
2023: €-71k
2024: €-113k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€176k-€118k▼ 32.8%€71k▼ 39.9%€27k▼ 61.4%€-15k
Operating result€36k-€24k▼ 33.6%€-41k€-46k▼ 10.1%€-42k▲ 7.3%
Net result€19k-€11k▼ 40.0%€-47k€-44k▲ 7.5%€-42k▲ 3.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €42k in 2025 against €46k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €351k
Fixed assets
€318k▼ 6.6%
Current assets
€34k▼ 35.2%
Key figures and ratios
EBITDA
€-20k▲
2024 · €-23k
Cash flow
€-20k▲
2024 · €-21k
Solvency
-4.2%▼
2024 · 7.0%
Current ratio
0.20▼
2024 · 0.32
Quick ratio
0.20▼
2024 · 0.32
Debt / equity
-24.76▼
2024 · 13.29
ROE
285.6%▲
2024 · -159.2%
ROA
-12.0%▼
2024 · -11.1%
Interest coverage
-246.85▼
2024 · -171.74
Debt
€366k▲
2024 · €365k
Debt ≤ 1 year
€166k▲
2024 · €165k
Debt > 1 year
€200k=
2024 · €200k
Income taxes
€151▼
2024 · €358
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€392k€351k▼
Fixed assets21/28€340k€318k▼
Tangible fixed assets22/27€340k€318k▼
Land and buildings22€325k€308k▼
Plant, machinery and equipment23€6k€5k▼
Furniture and vehicles24€9k€5k▼
Current assets29/58€52k€34k▼
Amounts receivable within one year40/41€3k€824▼
Trade receivables40€2k€651▼
Other amounts receivable41€601€174▼
Cash at bank and in hand54/58€47k€33k▼
Deferred charges and accrued income490/1€2k€297▼
Equity and liabilities
Total equity and liabilities10/49€392k€351k▼
Equity10/15€27k€-15k▼
Contributions10/11€6k€6k=
Reserves13€112k€112k=
Distributable reserves133€112k€112k=
Profit (loss) carried forward14€-91k€-133k▼
Amounts payable17/49€365k€366k▲
Amounts payable after more than one year17€200k€200k=
Financial debts170/4€200k€200k=
Amounts payable within one year42/48€165k€166k▲
Trade debts44€3k€593▼
Suppliers440/4€3k€593▼
Taxes, remuneration and social security45€1k€49▼
Taxes450/3€0€49▲
Remuneration and social security454/9€1k€0▼
Other amounts payable47/48€161k€165k▲
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€23k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€-22k€-18k▲
Operating profit (loss)9901€-46k€-42k▲
Financial income75/76B€2k€342▼
Recurring financial income75€2k€342▼
Financial charges65/66B€135€80▼
Recurring financial charges65€135€80▼
Profit (loss) for the period before taxes9903€-43k€-42k▲
Income taxes67/77€358€151▼
Profit (loss) for the period9904€-44k€-42k▲
Profit (loss) for the period to be appropriated9905€-44k€-42k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-91k€-133k▼
Profit (loss) brought forward from the previous period14P€-47k€-91k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
14-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 14 days late
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €-47k ▼512%
Net result drops to €-47k, the lowest in the series; recovery starts the following year.
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 9 days late
2020
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Laarne · 1 establishment unit since 2013
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Peperstraat 239270 LaarneGround area
1,239 m²
Building footprint
241 m²
Volume, LiDAR
1,181 m³
Parcel 42009D1205/00H000, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LIVARCO
since 20132.219.390.583
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42009D1205/00H000 | Flanders | 1,239 m² | 1 · 241 m² | 8.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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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B&3S
BE 0717.867.801
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Girardi-Kato
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Of 29,889 companies in sector 62200 we hold annual accounts for 18,319. 14,006 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-03-2013
Fiscal year end31-12
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.