LIWAES
ActiveThe computed 12-month bankruptcy probability of LIWAES is 2.0% (moderate). The 2024 annual accounts show equity of €44k and a net result of €-585. Equity is growing by ~7.7% per year across the filed fiscal years. Its solvency ranks better than 86% of 15868 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
76
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability67▼-17
Solvency100▲+3
Growth52=
Track record94
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 4.54 against 3.04 in 2023; short-term debt: 15.3% and cash: 57.1% of total assets), and 15.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
84.7%
Return on assets
-1.1%
Age of the figures
21 mo
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 →
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 11-07-2025, 20 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
20 d early
2023
30 d early
2022
49 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€44k▼ 1.3%
2023 · €44k
2022: €37k
2023: €44k
2022 → 2024
Total assets
€52k▼ 16.3%
2023 · €62k
2022: €53k
2023: €62k
2022 → 2024
Net result
€-585
2023 · €7k
2022: €32k
2023: €7k
2022 → 2024
Working capital
€28k▼ 21.0%
2023 · €36k
2022: €25k
2023: €36k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€37k-€44k▲ 19.8%€44k▼ 1.3%
Operating result€42k-€10k▼ 75.4%€147▼ 98.6%
Net result€32k-€7k▼ 77.2%€-585
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 99% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €52k
Fixed assets
€16k▲ 77.3%
Current assets
€36k▼ 32.0%
Equity and liabilities €52k
Equity
€44k▼ 1.3%
Debt
€8k▼ 54.6%
The debt ratio falls from 28.2% to 15.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€5k▼
2023 · €17k
Cash flow
€4k▼
2023 · €14k
Solvency
84.7%▲
2023 · 71.8%
Current ratio
4.54▲
2023 · 3.04
Quick ratio
4.54▲
2023 · 3.04
Debt / equity
0.18▼
2023 · 0.39
ROE
-1.3%▼
2023 · 16.5%
ROA
-1.1%▼
2023 · 11.8%
Interest coverage
71.72▼
2023 · 309.30
Debt
€8k▼
2023 · €17k
Debt ≤ 1 year
€8k▼
2023 · €17k
Income taxes
€846▼
2023 · €3k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€62k€52k▼
Fixed assets21/28€9k€16k▲
Tangible fixed assets22/27€9k€16k▲
Plant, machinery and equipment23€442€154▼
Furniture and vehicles24€8k€10k▲
Other tangible fixed assets26-€6k
Current assets29/58€53k€36k▼
Amounts receivable within one year40/41€7k€6k▼
Trade receivables40€6k€6k▼
Other amounts receivable41€826€640▼
Cash at bank and in hand54/58€46k€30k▼
Deferred charges and accrued income490/1€38-
Equity and liabilities
Total equity and liabilities10/49€62k€52k▼
Equity10/15€44k€44k▼
Contributions10/11€5k€5k=
Reserves13€39k€39k▼
Distributable reserves133€39k€39k▼
Amounts payable17/49€17k€8k▼
Amounts payable within one year42/48€17k€8k▼
Trade debts44€1k€1k▼
Suppliers440/4€1k€1k▼
Taxes, remuneration and social security45€16k€6k▼
Taxes450/3€16k€6k▼
Other amounts payable47/48€171€666▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€5k▼
Other operating charges640/8€966€2k▲
Gross operating margin9900€18k€7k▼
Operating profit (loss)9901€10k€147▼
Financial income75/76B€92€182▲
Recurring financial income75€92€182▲
Financial charges65/66B€54€68▲
Recurring financial charges65€54€68▲
Profit (loss) for the period before taxes9903€10k€261▼
Income taxes67/77€3k€846▼
Profit (loss) for the period9904€7k€-585▼
Profit (loss) for the period to be appropriated9905€7k€-585▼
Appropriation of the result
Profit (loss) to be appropriated9906€7k€-585▼
Transfer from equity791/2-€585
Transfer to equity691/2€7k-
To other reserves6921€7k-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-585 ▼108%
Net result drops to €-585, the lowest in the series.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · 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, Roosdaal · 1 establishment unit since 2021
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.
Piezelstraat 791760 RoosdaalGround area
1,443 m²
Building footprint
152 m²
Volume, LiDAR
799 m³
Parcel 23097A0420/00C000, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LIWAES
since 20212.318.203.097
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23097A0420/00C000 | Flanders | 1,443 m² | 1 · 152 m² | 8.4 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.
Similar companies · same sector, comparable size
BRUPHARM PHARMALAB
BE 0785.641.404
Mons · Eq €45k
UVee
BE 0537.708.018
Tielt-Winge · Eq €42k
LAUNCHPAD EUROPE
BE 0713.975.032
Oostkamp · Eq €42k
Kronos Dental
BE 0473.025.943
Overijse · Eq €46k
LIMACOM PHARMA
BE 1018.736.758
Diepenbeek · Eq €46k
Of 1,898 companies in sector 46460 we hold annual accounts for 1,116. 455 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-06-2021
Fiscal year end31-12
Activities, NACEBEL
46460Wholesale of pharmaceutical and medical goods
46170Agents in the wholesale of food, beverages and tobacco
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.