LO2
ActiveLO2 has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.19M and a net result of €6k. Equity is growing by ~7.8% per year across the filed fiscal years. Its solvency ranks better than 70% of 2045 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
72
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability69▼-2
Solvency83▼-3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €85k at 30 days acceptable
Liquidity tight (current ratio 1.23 against 1.41 in 2024; short-term debt: 5.6% and cash: 2.6% of total assets), and 41.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
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
58.2%
Return on assets
0.3%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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
25 d late
2024
61 d late
2023
15 d early
2022
18 d late
2021
74 d late
2020
61 d late
2019
67 d late
← 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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€6k▼ 86.1%
2024 · €45k
2018: €164k
2019: €140k
2020: €167k
2021: €315k
2022: €70k
2023: €35k
2024: €45k
2018 → 2025
Working capital
€27k▼ 41.8%
2024 · €46k
2018: €459k
2019: €445k
2020: €680k
2021: €929k
2022: €740k
2023: €330k
2024: €46k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.40M-€1.37M▼ 2.3%€1.35M▼ 1.3%€1.29M▼ 4.5%€1.19M▼ 7.7%
Operating result€444k-€98k▼ 78.0%€51k▼ 47.8%€61k▲ 19.5%€27k▼ 55.9%
Net result€315k-€70k▼ 77.9%€35k▼ 50.3%€45k▲ 30.9%€6k▼ 86.1%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 56% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.05M
Fixed assets
€1.90M▼ 3.4%
Current assets
€142k▼ 10.3%
Equity and liabilities €2.05M
Equity
€1.19M▼ 7.7%
Provisions
€41k▼ 10.3%
Debt
€815k▲ 2.7%
The debt ratio rises from 37.3% to 39.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€149k▼
2024 · €171k
Cash flow
€129k▼
2024 · €155k
Solvency
58.2%▼
2024 · 60.6%
Current ratio
1.23▼
2024 · 1.41
Quick ratio
1.17▼
2024 · 1.31
Debt / equity
0.68▲
2024 · 0.62
ROE
0.5%▼
2024 · 3.5%
ROA
0.3%▼
2024 · 2.1%
Interest coverage
6.64▼
2024 · 8.81
Debt
€815k▲
2024 · €793k
Debt ≤ 1 year
€115k▲
2024 · €112k
Debt > 1 year
€700k▲
2024 · €681k
Income taxes
€9k▲
2024 · €0
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€2.13M€2.05M▼
Fixed assets21/28€1.97M€1.90M▼
Tangible fixed assets22/27€1.40M€1.29M▼
Land and buildings22€1.37M€1.27M▼
Plant, machinery and equipment23€13k€10k▼
Furniture and vehicles24€17k€12k▼
Financial fixed assets28€571k€614k▲
Current assets29/58€158k€142k▼
Stocks and contracts in progress3€11k€7k▼
Stocks30/36€11k€7k▼
Amounts receivable within one year40/41€49k€82k▲
Trade receivables40€29k€19k▼
Other amounts receivable41€20k€63k▲
Current investments50/53€0-
Cash at bank and in hand54/58€96k€53k▼
Deferred charges and accrued income490/1€2k€0▼
Equity and liabilities
Total equity and liabilities10/49€2.13M€2.05M▼
Equity10/15€1.29M€1.19M▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€1.15M€1.06M▼
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€157k€143k▼
Distributable reserves133€988k€909k▼
Profit (loss) carried forward14€0€0=
Investment grants15€76k€70k▼
Provisions and deferred taxes16€46k€41k▼
Deferred taxes168€46k€41k▼
Amounts payable17/49€793k€815k▲
Amounts payable after more than one year17€681k€700k▲
Financial debts170/4€469k€384k▼
Other amounts payable178/9€212k€315k▲
Amounts payable within one year42/48€112k€115k▲
Current portion of amounts payable after more than one year42€83k€85k▲
Trade debts44€14k€7k▼
Suppliers440/4€14k€7k▼
Taxes, remuneration and social security45€15k€23k▲
Taxes450/3€15k€23k▲
Accrued charges and deferred income492/3€88€0▼
Income statement
Code20242025
Non-recurring operating income76A€3k€0▼
Remuneration, social security and pensions62€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€110k€122k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€3k
Other operating charges640/8€12k€14k▲
Gross operating margin9900€182k€166k▼
Operating profit (loss)9901€61k€27k▼
Financial income75/76B€11k€6k▼
Recurring financial income75€11k€6k▼
Financial charges65/66B€19k€22k▲
Recurring financial charges65€19k€22k▲
Profit (loss) for the period before taxes9903€52k€10k▼
Transfer from deferred taxes780€5k€5k▼
Transfer to deferred taxes680€12k€0▼
Income taxes67/77€0€9k▲
Profit (loss) for the period9904€45k€6k▼
Transfer from tax-exempt reserves789€15k€14k▼
Transfer to tax-exempt reserves689€35k€0▼
Profit (loss) for the period to be appropriated9905€25k€20k▼
Appropriation of the result
Profit (loss) to be appropriated9906€25k€20k▼
Transfer from equity791/2€100k€100k=
Transfer to equity691/2€25k€20k▼
To other reserves6921€25k€20k▼
Profit to be distributed694/7€100k€100k=
Return on contributions (dividend)694€100k€100k=
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (30 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
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 25 days late
2025
31-12
Financial
Weakest financial yearnet €6k ▼86.1%
Net result drops to €6k, the lowest in the series.
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 61 days late
2024
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 18 days late
2022
13-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 74 days late
2021
31-12
Financial
Highest result since 2018net €315k ▲88.9%
Operating result €444k, net result €315k, both a record.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 61 days late
2020
31-12
Financial
Equity above €1MEq €1.10M ▲31.3%
3 profitable years in a row build equity to €1.10M.
06-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 67 days late
2019
26-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 57 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 23 days late
2017
14-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 14 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Stavelot · 1 establishment unit since 1992
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.
Pont de Cheneux 8B4970 StavelotGround area
4,051 m²
Building footprint
598 m²
Volume, LiDAR
4,501 m³
2 parcels, Wallonia · tallest building 9.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Pont de Cheneux 8 B, 4970 Stavelot
since 19922.059.156.976
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63073B2367/00K002 | Wallonia | 2,949 m² | 1 · 494 m² | 9.8 m · 3 fl. |
| 63073B2368/00V000 | Wallonia | 1,101 m² | 1 · 104 m² | 8.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
WINSERVICE
BE 0462.792.938
Zwevegem · Eq €1.19M
ACLISOL
BE 0811.742.322
Balen · Eq €1.19M
ATHEX
BE 0463.353.162
Schoten · Eq €1.19M
Mertens Installatietechnieken
BE 0896.178.446
Rijkevorsel · Eq €1.19M
ELEKTRICITEITSWERKEN KRIS
BE 0468.897.802
Balen · Eq €1.18M
Of 22,826 companies in sector 43211 we hold annual accounts for 10,328. 4,164 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded02-09-1992
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
45310
46431Wholesale of electrical household appliances and audio-video equipment
47540Retail sale of electrical household appliances
47552Retail sale of lighting equipment
47592Retail trade
52442
52450
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.