Llapi Company

Active

Private limited companyfounded 200521 yrs activeStedemolenstraat 39, 8700 Tielt, BelgiumKBO/BCE: BE 0872.042.668

Summary

The computed 12-month bankruptcy probability of Llapi Company is 2.6% (moderate). The 2024 annual accounts show equity of €1.17M and a net result of €6k. Equity is growing by ~46.7% per year across the filed fiscal years. Its solvency ranks better than 56% of 90 sector peers (fiscal year 2024). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

49 / 100

Fair

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability69▼-3

Solvency59▼-1

Growth52▼-26

Track record100

Bankruptcy probability, 12 months

2.6% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €55k at 30 days acceptable

Liquidity tight (current ratio 1.06 against 1.1 in 2023; short-term debt: 54.2% and cash: 1.6% of total assets), and 66.1% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 53

Relative position

BE, all sectors

reference

Sector 53

higher

← fewer bankruptcies more bankruptcies →

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

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

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

33.9%

Return on assets

0.2%

Age of the figures

21 mo

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

31 d early

2023

13 d late

2022

70 d late

2021

61 d late

2020

58 d late

2019

52 d late

← before the deadline after the deadline →

Checked, nothing found (1)

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

Financials · fiscal year 2024, abbreviated schema

Equity

€1.17M▼ 6.0%

2023 · €1.25M

2018: €183k 2019: €265k 2020: €431k 2021: €779k 2022: €1.20M 2023: €1.25M

2018 → 2024

Total assets

€3.45M▼ 2.1%

2023 · €3.53M

2018: €713k 2019: €886k 2020: €2.19M 2021: €2.58M 2022: €2.78M 2023: €3.53M

2018 → 2024

Net result

€6k▼ 92.4%

2023 · €81k

2018: €16k 2019: €81k 2020: €166k 2021: €349k 2022: €439k 2023: €81k

2018 → 2024

Working capital

€105k▼ 44.0%

2023 · €188k

2018: €70k 2019: €9k 2020: €-194k 2021: €883 2022: €393k 2023: €188k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€431k-€779k▲ 81.0%€1.20M▲ 53.7%€1.25M▲ 4.1%€1.17M▼ 6.0%

Operating result€266k-€517k▲ 94.5%€597k▲ 15.6%€140k▼ 76.6%€80k▼ 42.9%

Net result€166k-€349k▲ 110%€439k▲ 25.7%€81k▼ 81.5%€6k▼ 92.4%

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result has fallen two years in a row; 2024 is 43% below 2023 and is the lowest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €3.45M

42.8%

57.2%

Fixed assets €1.48M ▼ 1.3%

Current assets €1.98M ▼ 2.6%

Equity and liabilities €3.45M

33.9%

66.1%

Equity €1.17M ▼ 6.0%

Debt €2.28M ▲ 0.1%

Debt's share of the balance-sheet total rises from 64.6% to 66.1%. Equity is lower and debt is higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€499k▲

2023 · €476k

Cash flow

€425k▲

2023 · €417k

Current ratio

1.06▼

2023 · 1.10

Quick ratio

0.54▼

2023 · 0.56

Debt to equity

1.95▲

2023 · 1.83

ROE

0.5%▼

2023 · 6.5%

ROA

0.2%▼

2023 · 2.3%

Interest coverage

18.96▲

2023 · 13.96

Debt ≤ 1 year

€1.87M▲

2023 · €1.84M

Debt > 1 year

€411k▼

2023 · €438k

Income taxes

€47k▲

2023 · €25k

Staff costs

€2.61M▼

2023 · €2.95M

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 · 57 lines

Balance sheet Code20232024

Assets

Total assets20/58€3.53M€3.45M▼

Fixed assets21/28€1.50M€1.48M▼

Tangible fixed assets22/27€1.49M€1.47M▼

Land and buildings22€645k€586k▼

Plant, machinery and equipment23€266k€234k▼

Furniture and vehicles24€579k€650k▲

Financial fixed assets28€7k€7k=

Current assets29/58€2.03M€1.98M▼

Stocks and contracts in progress3€1.00M€975k▼

Stocks30/36€1.00M€975k▼

Amounts receivable within one year40/41€955k€946k▼

Trade receivables40€923k€901k▼

Other amounts receivable41€31k€45k▲

Cash at bank and in hand54/58€25k€56k▲

Deferred charges and accrued income490/1€49k€0▼

Equity and liabilities

Total equity and liabilities10/49€3.53M€3.45M▼

Equity10/15€1.25M€1.17M▼

Contributions10/11€19k€19k=

Reserves13€1.23M€1.15M▼

Tax-exempt reserves132€19k€19k=

Distributable reserves133€1.21M€1.13M▼

Profit (loss) carried forward14€0€0=

Amounts payable17/49€2.28M€2.28M▲

Amounts payable after more than one year17€438k€411k▼

Financial debts170/4€438k€411k▼

Amounts payable within one year42/48€1.84M€1.87M▲

Current portion of amounts payable after more than one year42€135k€112k▼

Financial debts43€25k€0▼

Credit institutions430/8€25k€0▼

Trade debts44€1.17M€1.28M▲

Suppliers440/4€1.17M€1.28M▲

Taxes, remuneration and social security45€325k€325k=

Taxes450/3€52k€46k▼

Remuneration and social security454/9€273k€278k▲

Other amounts payable47/48€187k€160k▼

Income statement Code20232024

Non-recurring operating income76A€74k€5k▼

Remuneration, social security and pensions62€2.95M€2.61M▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€336k€419k▲

Other operating charges640/8€59k€151k▲

Non-recurring operating charges66A€786€0▼

Gross operating margin9900€3.49M€3.26M▼

Operating profit (loss)9901€140k€80k▼

Financial income75/76B€180€108▼

Recurring financial income75€180€108▼

Financial charges65/66B€34k€26k▼

Recurring financial charges65€34k€26k▼

Profit (loss) for the period before taxes9903€106k€54k▼

Income taxes67/77€25k€47k▲

Profit (loss) for the period9904€81k€6k▼

Profit (loss) for the period to be appropriated9905€81k€6k▼

Appropriation of the result

Profit (loss) to be appropriated9906€81k€6k▼

Transfer from equity791/2€32k€81k▲

Transfer to equity691/2€81k€6k▼

To other reserves6921€81k€6k▼

Profit to be distributed694/7€32k€81k▲

Return on contributions (dividend)694€32k€81k▲

Social balance

Average headcount (FTE)908755.052.4▼

The notes to these accounts (21 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 15Financial 5Filings 10

2025

30-06

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

31-12

Financial Weakest financial yearnet €6k ▼92.4%

Net result drops to €6k, the lowest in the series.

13-08

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema · 13 days late

2023

09-10

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema · 70 days late

2022

31-12

Financial Highest result since 2018net €439k ▲25.7%

Operating result €597k, net result €439k, both a record.

31-12

Financial Equity above €1MEq €1.20M ▲53.7%

5 profitable years in a row build equity to €1.20M.

30-09

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema · 61 days late

2021

31-12

Financial Equity above €500kEq €779k ▲81%

4 profitable years in a row build equity to €779k.

27-09

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema · 58 days late

2020

21-09

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema · 52 days late

2019

31-12

Financial Equity above €200kEq €265k ▲44.3%

2 profitable years in a row build equity to €265k.

27-08

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema · 27 days late

Show earlier events

2018

24-08

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema · 24 days late

2017

20-07

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

2016

09-08

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 9 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

7 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, Tielt · 3 establishment units since 2008

establishment All 3 establishment units on the map

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.

Stedemolenstraat 398700 Tielt

Ground area

7,421 m²

Building footprint

1,807 m²

Volume, LiDAR

12,067 m³

3 parcels, Flanders · tallest building 13.2 m, ±3 floors. Linked by address, not a title deed.

3 establishment units

LLAPI COMPANY

Karnemelkstraat 1, 8700 TieltGeneral construction of buildings

since 20082.169.744.795

LLAPI COMPANY

Stedemolenstraat 39, 8700 TieltNon-scheduled passenger transport by road

since 20102.184.713.380

Llapi Company

Szamotulystraat 2, 8700 TieltNon-scheduled passenger transport by road

since 20242.367.155.237

3 parcels

Flanders 3 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
37302E0570/00A000	Flanders	5,323 m²	1 · 1,018 m²	8.2 m · 2 fl.
37303I0419/00H004	Flanders	1,402 m²	1 · 370 m²	13.2 m · 3 fl.
37015K0571/00R000	Flanders	696 m²	1 · 419 m²	6.5 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 2

3 of 3 parcels 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

2024 to 2025 · 2 entries · 2,067 EUR awarded · 2,067 EUR paid

Year	Entries	awarded	paid
2025	1	429 EUR	429 EUR
2024	1	1,638 EUR	1,638 EUR

Schemes

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

2 entries · 2,067 EUR · 2,067 EUR paid · Fonds voor Innoveren en Ondernemen

Recognitions · licences · registrations

Food safety, FASFC

1 site

Tielt2.184.713.380

4 permissions

Vervoer andere dan levensmiddelen · since 01-10-2020

Vervoer kamer t° levensmiddelen · since 01-10-2020

Vervoer van diervoeders · since 01-10-2020

and 1 more

Parcel delivery

Notified to the BIPT

since 01-05-2024

Similar companies · same sector, comparable size

HORELCA

BE 0474.622.384

Zutendaal · Eq €1.17M

Of 4,915 companies in sector 53200 we hold annual accounts for 1,329. 335 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 formPrivate limited company

Founded22-02-2005

Fiscal year end31-12

Activities, NACEBEL 2025

53200Other postal and courier activities

Sources

Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers

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

Contact details

2 entries

E-mail:info@llapi.be

Enterprise

Phone:0494688988

Enterprise