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LN GROUP

Bankruptcy closed
Private limited companyfounded 2022KBO/BCE: BE 0780.768.044
Summary

LN GROUP was declared bankrupt on 11-03-2025 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 02-12-2025, published in the Belgian State Gazette on 09-12-2025. The 2022 annual accounts show equity of €3,652 and a net result of -€8,348.

Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Bankruptcy closed
The Belgian State Gazette published the closure of the bankruptcy. The latest notice is dated 09-12-2025. The KBO register has not yet processed that closure. The register usually follows the Staatsblad later, so the newer publication in the Staatsblad prevails.
Belgian State Gazette
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 09-08-2023, 9 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 · 1 filing
Deviation from the deadline
2022
9 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its 2022 accounts 9 days after the deadline; the Belgian median for financial year 2022 is 3 days before the deadline, and 42% of all filings were late.

raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publications
Publications
Address struck

History

On 21 January 2022, LN GROUP was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2022.2 The company was declared bankrupt on 11 March 2025; the bankruptcy was closed on 2 December 2025.34

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022
  3. 3Belgian State Gazette, 17-03-2025
  4. 4Belgian State Gazette, 09-12-2025

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Financials · fiscal year 2022, micro schema

Equity
€3,652
Total assets
€84,263
Net result
-€8,348
Working capital
-€78,954

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

Balance-sheet composition
Assets €84,263
Fixed assets €82,607
Current assets €1,656
Equity and liabilities €84,263
Equity €3,652
Debt €80,610
Debt finances 95.7% of the balance-sheet total.
Key figures and ratios
2022 value
EBITDA
€10,607
Cash flow
€10,586
Current ratio
0.02
Debt to equity
22.07
ROE
-228.5%
ROA
-9.9%
Interest coverage
489.94
Debt ≤ 1 year
€80,610
Annual accounts
Filed annual accounts As filed with the NBB · 2022 · 27 lines
Balance sheet Code2022
Assets
Total assets20/58€84,263
Fixed assets21/28€82,607
Tangible fixed assets22/27€82,607
Furniture and vehicles24€82,607
Current assets29/58€1,656
Cash at bank and in hand54/58€1,656
Equity and liabilities
Total equity and liabilities10/49€84,263
Equity10/15€3,652
Contributions10/11€12,000
Profit (loss) carried forward14-€8,348
Amounts payable17/49€80,610
Amounts payable within one year42/48€80,610
Trade debts44€33,444
Suppliers440/4€33,444
Taxes, remuneration and social security45€4,721
Taxes450/3€4,721
Other amounts payable47/48€42,445
Income statement Code2022
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18,933
Other operating charges640/8€7,016
Gross operating margin9900€17,623
Operating profit (loss)9901-€8,326
Financial charges65/66B€22
Recurring financial charges65€22
Profit (loss) for the period before taxes9903-€8,348
Profit (loss) for the period9904-€8,348
Profit (loss) for the period to be appropriated9905-€8,348
Appropriation of the result
Profit (loss) to be appropriated9906-€8,348

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2022
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18,933
Other operating charges640/8€7,016
Gross operating margin9900€17,623
Operating profit (loss)9901-€8,326
Financial charges65/66B€22
Recurring financial charges65€22
Profit (loss) for the period before taxes9903-€8,348
Profit (loss) for the period9904-€8,348
Profit (loss) for the period to be appropriated9905-€8,348
Line2022
Assets
Total assets20/58€84,263
Fixed assets21/28€82,607
Tangible fixed assets22/27€82,607
Furniture and vehicles24€82,607
Current assets29/58€1,656
Cash at bank and in hand54/58€1,656
Equity and liabilities
Total equity and liabilities10/49€84,263
Equity10/15€3,652
Contributions10/11€12,000
Profit (loss) carried forward14-€8,348
Amounts payable17/49€80,610
Amounts payable within one year42/48€80,610
Trade debts44€33,444
Suppliers440/4€33,444
Taxes, remuneration and social security45€4,721
Taxes450/3€4,721
Other amounts payable47/48€42,445
Line2022
Profit (loss) for the period9904-€8,348
+ Depreciation and write-downs630€18,933
Operating cash flow (approximation)€10,586

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
09-12
Bankruptcy Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · event 02-12-2025
17-03
Bankruptcy Opening
Ondernemingsrechtbank Brussel · event 11-03-2025
24-01
KBO administration Address struck
Imperiastraat 8 1930 Die Sitzadresse Imperiastraat 8 1930 Zaventem · event 28-10-2024
2023
09-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 9 days late
SignalNBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Zaventem · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
8,078 m²
Building footprint
1,965 m²
Volume, LiDAR
2,013 m³
2 parcels, Brussels, Flanders · tallest building 15.7 m, ±4 floors. Linked by address, not a title deed.
130 companies at this address See who is registered here
1 establishment unit
LN GROUP
Vestingstraat 11, 1060 Sint-Gillis (bij-Brussel)NACE 45111
since 20222.327.451.949
2 parcels
Flanders 1 (50%) Brussels 1 (50%)
Parcel (capakey) Region Area Buildings Height / fl.
23094D0041/00F000 Flanders 7,975 m² 1 · 1,789 m² -
21562A0145/00G003 Brussels 103 m² 1 · 176 m² 15.7 m · 4 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Insolvency mandates

1 mandate
Role Name Tenure
Curator MARC DEWAEL
A. DE COCKPLEIN 9, 1831 DIEGEM-
11-03-2025 → 02-12-2025

Identification & contact

Identification
Legal formPrivate limited company
Founded21-01-2022
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

Register as of 27 September 2026 · Peppol Directory

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