LivWise
ActiveSummary
LivWise has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.35M and a net result of €-341k. Equity is shrinking by ~15.7% per year across the filed fiscal years. Its solvency ranks better than 17% of 4867 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
50
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability36▲+10
Solvency40▼-2
Growth42▼-1
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity tight (current ratio 1.38 against 1.57 in 2024; short-term debt: 67.7% and cash: 0.9% of total assets), and 85% of the assets are financed with debt.
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 · 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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
15%
Return on assets
-2.2%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year €-341k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 4867 sector peers (2025).
NBB · sector comparisonPosition among 4867 sector peers
Solvency
better than 17%
← weakest
strongest →
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 09-06-2026, 52 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
52 d early
2024
51 d early
2023
37 d early
2022
27 d early
2021
26 d early
2020
3 d early
2019
45 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€20.87M▲ 1.3%
2024 · €20.60M
2019: €12.74M
2020: €19.95M
2021: €27.05M
2022: €31.38M
2023: €19.45M
2024: €20.60M
2019 → 2025
EBIT margin
1.0%▲ 2.3pp
2024 · -1.3%
2019: 14.9%
2020: 12.4%
2021: 12.4%
2022: -9.5%
2023: -8.8%
2024: -1.3%
2019 → 2025
Net result
€-341k▲ 57.2%
2024 · €-798k
2019: €1.25M
2020: €1.55M
2021: €2.55M
2022: €-3.66M
2023: €-2.26M
2024: €-798k
2019 → 2025
Working capital
€3.98M▼ 24.2%
2024 · €5.25M
2019: €6.05M
2020: €5.00M
2021: €4.04M
2022: €6.46M
2023: €6.97M
2024: €5.25M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€27.05M-€31.38M▲ 16.0%€19.45M▼ 38.0%€20.60M▲ 5.9%€20.87M▲ 1.3%
Equity€4.91M-€1.25M▼ 74.6%€3.49M▲ 180%€2.69M▼ 22.9%€2.35M▼ 12.7%
Operating result€3.36M-€-2.97M€-1.71M▲ 42.5%€-269k▲ 84.2%€206k
Net result€2.55M-€-3.66M€-2.26M▲ 38.3%€-798k▲ 64.7%€-341k▲ 57.2%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €206k after a loss of €269k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €15.65M
Fixed assets
€1.08M ▼ 28.4%
Current assets
€14.57M ▲ 1.1%
Equity and liabilities €15.65M
Equity
€2.35M ▼ 12.7%
Debt
€13.31M ▲ 0.6%
Debt's share of the balance-sheet total rises from 83.1% to 85.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€908k▲
2024 · €553k
Cash flow
€361k▲
2024 · €24k
Current ratio
1.38▼
2024 · 1.57
Quick ratio
0.30▲
2024 · 0.28
Debt to equity
5.67▲
2024 · 4.92
ROE
-14.5%▲
2024 · -29.7%
ROA
-2.2%▲
2024 · -5.0%
Interest coverage
2.24▲
2024 · 1.33
Debt ≤ 1 year
€10.59M▲
2024 · €9.16M
Debt > 1 year
€2.12M▼
2024 · €3.52M
Income taxes
€3k▲
2024 · €3k
Staff costs
€2.71M▼
2024 · €2.81M
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 · 2025 against 2024 · 79 lines
Balance sheet
Code20242025
Assets
Total assets20/58€15.92M€15.65M▼
Fixed assets21/28€1.51M€1.08M▼
Intangible fixed assets21€737k€401k▼
Tangible fixed assets22/27€772k€679k▼
Plant, machinery and equipment23€540k€464k▼
Furniture and vehicles24€77k€92k▲
Other tangible fixed assets26€155k€123k▼
Financial fixed assets28€50€50=
Other financial fixed assets284/8€50€50=
Amounts receivable and cash guarantees285/8€50€50=
Current assets29/58€14.41M€14.57M▲
Amounts receivable after more than one year29€81k€442k▲
Other amounts receivable291€81k€442k▲
Stocks and contracts in progress3€11.82M€11.40M▼
Stocks30/36€11.82M€11.40M▼
Goods purchased for resale34€9.42M€9.08M▼
Advance payments36€2.40M€2.32M▼
Amounts receivable within one year40/41€1.89M€2.35M▲
Trade receivables40€1.82M€2.33M▲
Other amounts receivable41€69k€17k▼
Cash at bank and in hand54/58€297k€146k▼
Deferred charges and accrued income490/1€316k€238k▼
Equity and liabilities
Total equity and liabilities10/49€15.92M€15.65M▼
Equity10/15€2.69M€2.35M▼
Contributions10/11€4.56M€4.56M=
Capital10€4.56M€4.56M=
Issued capital100€4.56M€4.56M=
Reserves13€62k€62k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€56k€56k=
Profit (loss) carried forward14€-1.94M€-2.28M▼
Amounts payable17/49€13.23M€13.31M▲
Amounts payable after more than one year17€3.52M€2.12M▼
Financial debts170/4€3.52M€2.12M▼
Credit institutions173€2.74M€1.60M▼
Other loans174€783k€521k▼
Amounts payable within one year42/48€9.16M€10.59M▲
Current portion of amounts payable after more than one year42€1.34M€1.14M▼
Financial debts43€4.02M€5.91M▲
Credit institutions430/8€4.02M€5.91M▲
Trade debts44€3.12M€2.76M▼
Suppliers440/4€3.12M€2.76M▼
Taxes, remuneration and social security45€426k€525k▲
Taxes450/3€69k€99k▲
Remuneration and social security454/9€357k€426k▲
Other amounts payable47/48€257k€260k▲
Accrued charges and deferred income492/3€552k€593k▲
Income statement
Code20242025
Operating income70/76A€20.89M€21.73M▲
Turnover70€20.60M€20.87M▲
Other operating income74€279k€851k▲
Non-recurring operating income76A€14k€8k▼
Operating charges60/66A€21.16M€21.52M▲
Goods for resale, raw materials and consumables60€12.19M€11.50M▼
Purchases600/8€9.64M€10.73M▲
Change in stocks: decrease (increase)609€2.54M€773k▼
Services and other goods61€6.73M€7.02M▲
Remuneration, social security and pensions62€2.81M€2.71M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€822k€703k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-1.45M€-436k▲
Other operating charges640/8€21k€22k▲
Non-recurring operating charges66A€45k-
Operating profit (loss)9901€-269k€206k▲
Financial income75/76B€55k€74k▲
Recurring financial income75€55k€74k▲
Income from current assets751€810€1k▲
Other financial income752/9€55k€73k▲
Financial charges65/66B€582k€618k▲
Recurring financial charges65€582k€618k▲
Debt charges650€417k€405k▼
Other financial charges652/9€165k€213k▲
Profit (loss) for the period before taxes9903€-796k€-339k▲
Income taxes67/77€3k€3k▲
Taxes670/3€3k€3k▲
Profit (loss) for the period9904€-798k€-341k▲
Profit (loss) for the period to be appropriated9905€-798k€-341k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-1.94M€-2.28M▼
Profit (loss) brought forward from the previous period14P€-1.14M€-1.94M▼
Social balance
Average headcount (FTE)908731.230.6▼
The notes to these accounts (74 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
09-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Equity above €2MEq €3.49M ▲180%
Equity rises from €1.25M to €3.49M.
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €-3.66M ▼244%
Net result drops to €-3.66M, the lowest in the series; recovery starts the following year.
05-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-06
Financial
Highest result since 2019net €2.55M ▲64.1%
Operating result €3.36M, net result €2.55M, both a record.
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
17-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
21-11
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
14-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
20-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
16 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, Deinze · 1 establishment unit since 1995
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.
Vaart Rechteroever 49-519800 DeinzeGround area
1.8 ha
Building footprint
1.2 ha
Volume, LiDAR
105,010 m³
Parcel 44011A0752/00P000, Flanders · tallest building 13.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
LivWise
since 19952.070.497.860
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44011A0752/00P000 | Flanders | 1.8 ha | 1 · 1.2 ha | 13.4 m · 4 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 8 entries · 57,576 EUR awarded · 56,576 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 17,883 EUR | 20,623 EUR |
| 2024 | 2 | 19,650 EUR | 15,910 EUR |
| 2023 | 2 | 8,147 EUR | 9,647 EUR |
| 2022 | 2 | 11,896 EUR | 10,396 EUR |
Schemes
Subsidies voor internationaal ondernemen
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
549300737IH2E4PDXJ57
Similar companies · same sector, comparable size
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BENELUX INVESTMENT GROUP
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Euro-Tapis
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SUNVIEW
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Of 1,743 companies in sector 46150 we hold annual accounts for 757. 231 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded07-02-1995
Fiscal year end31-12
Activities, NACEBEL 2025
46150Agents in the wholesale of furniture, household goods and hardware
46494Wholesale of non-electrical household articles
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.