LOBO
ActiveSummary
The annual accounts of LOBO for fiscal year 2024 show a net loss of 62% of the equity at the start of that year. The 2024 annual accounts show equity of €675k and a net result of €-1.08M. Equity is shrinking by ~12% per year across the filed fiscal years. Its solvency ranks better than 24% of 671 sector peers (fiscal year 2024). The company has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability16▼-2
Solvency27▼-3
Growth58=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
short-term debt: 0% and cash: 0.4% of total assets, and 98.4% of the assets are financed with debt.
Credit check 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 · 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
1.6%
Return on assets
-2.6%
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 55
Relative position
BE, all sectors
reference
Accommodation (NACE 55)
about 6% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-1.08M
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 671 sector peers (2024).
NBB · sector comparisonPosition among 671 sector peers
Solvency
better than 24%
← weakest
strongest →
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 09-07-2025, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
22 d early
2023
21 d early
2022
31 d late
2021
31 d late
2020
36 d early
2019
52 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€675k▼ 61.6%
2023 · €1.76M
2018: €2.40M
2019: €3.09M▲ +28.6% vs 2018highest in 7 years
2020: €1.96M▼ -36.7% vs 2019
2021: €2.18M▲ +11.3% vs 2020
2022: €2.11M▼ -3.2% vs 2021
2023: €1.76M▼ -16.6% vs 2022
2024: €675k▼ -61.6% vs 2023lowest in 7 years
2018 → 2024
Total assets
€42.41M▲ 20.2%
2023 · €35.29M
2018: €20.28Mlowest in 7 years
2019: €25.66M▲ +26.5% vs 2018
2020: €28.09M▲ +9.5% vs 2019
2021: €36.30M▲ +29.2% vs 2020
2022: €30.41M▼ -16.2% vs 2021
2023: €35.29M▲ +16.0% vs 2022
2024: €42.41M▲ +20.2% vs 2023highest in 7 years
2018 → 2024
Net result
€-1.08M▼ 210%
2023 · €-350k
2018: €-1.13M
2019: €687k▲ +161% vs 2018highest in 7 years
2020: €-1.13M▼ -265% vs 2019lowest in 7 years
2021: €220k▲ +119% vs 2020
2022: €-69k▼ -131% vs 2021
2023: €-350k▼ -406% vs 2022
2024: €-1.08M▼ -210% vs 2023
2018 → 2024
Working capital
€39.60M▲ 23.4%
2023 · €32.11M
2018: €17.15Mlowest in 7 years
2019: €23.53M▲ +37.1% vs 2018
2020: €25.13M▲ +6.8% vs 2019
2021: €33.31M▲ +32.5% vs 2020
2022: €27.17M▼ -18.4% vs 2021
2023: €32.11M▲ +18.2% vs 2022
2024: €39.60M▲ +23.4% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.96M-€2.18M▲ 11.3%€2.11M▼ 3.2%€1.76M▼ 16.6%€675k▼ 61.6%
2020: €1.96M
2021: €2.18M▲ +11.3% vs 2020highest in 5 years
2022: €2.11M▼ -3.2% vs 2021
2023: €1.76M▼ -16.6% vs 2022
2024: €675k▼ -61.6% vs 2023lowest in 5 years
Operating result€-44k-€-54k▼ 22.3%€-111k▼ 108%€-100k▲ 10.3%€-118k▼ 18.0%
2020: €-44khighest in 5 years
2021: €-54k▼ -22.3% vs 2020
2022: €-111k▼ -108% vs 2021
2023: €-100k▲ +10.3% vs 2022
2024: €-118k▼ -18.0% vs 2023lowest in 5 years
Net result€-1.13M-€220k€-69k€-350k▼ 406%€-1.08M▼ 210%
2020: €-1.13Mlowest in 5 years
2021: €220k▲ +119% vs 2020highest in 5 years
2022: €-69k▼ -131% vs 2021
2023: €-350k▼ -406% vs 2022
2024: €-1.08M▼ -210% vs 2023
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €118k in 2024 against €100k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €42.41M
Fixed assets
€2.80M ▼ 11.6%
Current assets
€39.62M ▲ 23.3%
Equity and liabilities €42.41M
Equity
€675k ▼ 61.6%
Provisions
€6.40M ▼ 2.8%
Debt
€35.34M ▲ 31.1%
Debt's share of the balance-sheet total rises from 76.4% to 83.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-52k▼
2023 · €-34k
Cash flow
€-1.02M▼
2023 · €-284k
Debt to equity
52.37▲
2023 · 15.34
ROE
-160.4%▼
2023 · -19.9%
ROA
-2.6%▼
2023 · -1.0%
Interest coverage
-0.04▼
2023 · -0.04
Debt ≤ 1 year
€13k▼
2023 · €23k
Debt > 1 year
€13.32M▲
2023 · €12.49M
Income taxes
€2k▼
2023 · €2k
A ratio outside any meaningful range has been withheld (balance sheet total €42.41M, equity €675k).
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 · 51 lines
Balance sheet
Code20232024
Assets
Total assets20/58€35.29M€42.41M▲
Fixed assets21/28€3.16M€2.80M▼
Tangible fixed assets22/27€1.29M€1.24M▼
Land and buildings22€1.22M€1.19M▼
Plant, machinery and equipment23€994€29▼
Furniture and vehicles24€69k€45k▼
Financial fixed assets28€1.87M€1.56M▼
Current assets29/58€32.13M€39.62M▲
Amounts receivable within one year40/41€18k€72k▲
Other amounts receivable41€18k€72k▲
Current investments50/53€31.95M€39.38M▲
Cash at bank and in hand54/58€156k€153k▼
Deferred charges and accrued income490/1€9k€8k▼
Equity and liabilities
Total equity and liabilities10/49€35.29M€42.41M▲
Equity10/15€1.76M€675k▼
Contributions10/11€500k€500k=
Capital10€500k€500k=
Issued capital100€500k€500k=
Reserves13€1.25M€50k▼
Non-distributable reserves130/1€50k€50k=
Legal reserve130€50k€50k=
Distributable reserves133€1.20M-
Profit (loss) carried forward14€7k€125k▲
Provisions and deferred taxes16€6.58M€6.40M▼
Provisions for liabilities and charges160/5€6.58M€6.40M▼
Other liabilities and charges164/5€6.58M€6.40M▼
Amounts payable17/49€26.95M€35.34M▲
Amounts payable after more than one year17€12.49M€13.32M▲
Financial debts170/4€12.49M€13.32M▲
Amounts payable within one year42/48€23k€13k▼
Trade debts44€14k€2k▼
Suppliers440/4€14k€2k▼
Taxes, remuneration and social security45€9k€11k▲
Taxes450/3€9k€11k▲
Accrued charges and deferred income492/3€14.44M€22.01M▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€66k€66k▼
Other operating charges640/8€49k€52k▲
Gross operating margin9900€15k€-438▼
Operating profit (loss)9901€-100k€-118k▼
Financial income75/76B€697k€793k▲
Recurring financial income75€697k€793k▲
Financial charges65/66B€945k€1.76M▲
Recurring financial charges65€945k€1.41M▲
Non-recurring financial charges66B-€346k
Profit (loss) for the period before taxes9903€-348k€-1.08M▼
Income taxes67/77€2k€2k▼
Profit (loss) for the period9904€-350k€-1.08M▼
Profit (loss) for the period to be appropriated9905€-350k€-1.08M▼
Appropriation of the result
Profit (loss) to be appropriated9906€-293k€-1.08M▼
Profit (loss) brought forward from the previous period14P€57k€7k▼
Transfer from equity791/2€300k€1.20M▲
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31k | €31k | €66k | €66k | €66k | ▼ 0.1% |
| Other operating charges640/8 | - | €49k | €56k | €49k | €52k | ▲ 5.8% |
| Gross operating margin9900 | €-5k | €26k | €11k | €15k | €-438 | ▼ 103% |
| Operating profit (loss)9901 | €-44k | €-54k | €-111k | €-100k | €-118k | ▼ 18.0% |
| Financial income75/76B | - | €940k | €1.88M | €697k | €793k | ▲ 13.8% |
| Recurring financial income75 | €684k | €940k | €1.88M | €697k | €793k | ▲ 13.8% |
| Financial charges65/66B | - | €665k | €1.84M | €945k | €1.76M | ▲ 85.8% |
| Recurring financial charges65 | €1.77M | €665k | €1.84M | €945k | €1.41M | ▲ 49.2% |
| Non-recurring financial charges66B | - | - | - | - | €346k | - |
| Profit (loss) for the period before taxes9903 | €-1.13M | €221k | €-67k | €-348k | €-1.08M | ▼ 211% |
| Income taxes67/77 | €905 | €1k | €2k | €2k | €2k | ▼ 6.4% |
| Profit (loss) for the period9904 | €-1.13M | €220k | €-69k | €-350k | €-1.08M | ▼ 210% |
| Profit (loss) for the period to be appropriated9905 | €-1.13M | €220k | €-69k | €-350k | €-1.08M | ▼ 210% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €28.09M | €36.30M | €30.41M | €35.29M | €42.41M | ▲ 20.2% |
| Fixed assets21/28 | €2.54M | €2.95M | €3.22M | €3.16M | €2.80M | ▼ 11.6% |
| Tangible fixed assets22/27 | €1.18M | €1.40M | €1.36M | €1.29M | €1.24M | ▼ 4.0% |
| Land and buildings22 | - | €1.29M | €1.26M | €1.22M | €1.19M | ▼ 2.2% |
| Plant, machinery and equipment23 | - | €487 | €2k | €994 | €29 | ▼ 97.1% |
| Furniture and vehicles24 | - | €117k | €93k | €69k | €45k | ▼ 34.5% |
| Financial fixed assets28 | €1.36M | €1.54M | €1.86M | €1.87M | €1.56M | ▼ 16.8% |
| Current assets29/58 | €25.56M | €33.35M | €27.19M | €32.13M | €39.62M | ▲ 23.3% |
| Amounts receivable within one year40/41 | €9k | €5k | €6k | €18k | €72k | ▲ 307% |
| Other amounts receivable41 | - | €5k | €6k | €18k | €72k | ▲ 307% |
| Current investments50/53 | €25.25M | €33.07M | €25.28M | €31.95M | €39.38M | ▲ 23.3% |
| Cash at bank and in hand54/58 | €291k | €271k | €1.91M | €156k | €153k | ▼ 1.9% |
| Deferred charges and accrued income490/1 | - | €8k | €8k | €9k | €8k | ▼ 7.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €28.09M | €36.30M | €30.41M | €35.29M | €42.41M | ▲ 20.2% |
| Equity10/15 | €1.96M | €2.18M | €2.11M | €1.76M | €675k | ▼ 61.6% |
| Contributions10/11 | €500k | €500k | €500k | €500k | €500k | = |
| Capital10 | - | €500k | €500k | €500k | €500k | = |
| Issued capital100 | - | €500k | €500k | €500k | €500k | = |
| Reserves13 | €1.45M | €1.65M | €1.55M | €1.25M | €50k | ▼ 96.0% |
| Non-distributable reserves130/1 | - | €50k | €50k | €50k | €50k | = |
| Legal reserve130 | - | €50k | €50k | €50k | €50k | = |
| Distributable reserves133 | - | €1.60M | €1.50M | €1.20M | - | - |
| Profit (loss) carried forward14 | €6k | €26k | €57k | €7k | €125k | ▲ 1,605% |
| Provisions and deferred taxes16 | €7.10M | €6.93M | €6.76M | €6.58M | €6.40M | ▼ 2.8% |
| Provisions for liabilities and charges160/5 | - | €6.93M | €6.76M | €6.58M | €6.40M | ▼ 2.8% |
| Other liabilities and charges164/5 | - | €6.93M | €6.76M | €6.58M | €6.40M | ▼ 2.8% |
| Amounts payable17/49 | €19.04M | €27.19M | €21.54M | €26.95M | €35.34M | ▲ 31.1% |
| Amounts payable after more than one year17 | €10.00M | €11.00M | €11.83M | €12.49M | €13.32M | ▲ 6.7% |
| Financial debts170/4 | - | €11.00M | €11.83M | €12.49M | €13.32M | ▲ 6.7% |
| Amounts payable within one year42/48 | €424k | €42k | €24k | €23k | €13k | ▼ 41.7% |
| Trade debts44 | €12k | €824 | €15k | €14k | €2k | ▼ 82.1% |
| Suppliers440/4 | - | €824 | €15k | €14k | €2k | ▼ 82.1% |
| Taxes, remuneration and social security45 | - | €18k | €9k | €9k | €11k | ▲ 20.4% |
| Taxes450/3 | - | €18k | €9k | €9k | €11k | ▲ 20.4% |
| Other amounts payable47/48 | - | €24k | - | - | - | - |
| Accrued charges and deferred income492/3 | - | €16.15M | €9.69M | €14.44M | €22.01M | ▲ 52.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-1.13M | €220k | €-69k | €-350k | €-1.08M | ▼ 210% |
| + Depreciation and write-downs630 | €31k | €31k | €66k | €66k | €66k | ▼ 0.1% |
| Operating cash flow (approximation) | €-1.10M | €251k | €-3k | €-284k | €-1.02M | ▼ 258% |
| Investment in fixed assets (approximation) | - | €-442k | €-336k | €-10k | €300k | ▲ 3,100% |
| Change in cash | - | €-20k | €1.63M | €-1.75M | €-3k | ▲ 99.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity doublescurrent ratio 2950.35
Current ratio from 1394.52 to 2950.35; short-term debt falls from €23k to €13k.
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Back to profitnet €220k
Net result €220k after one loss-making year.
31-12
Financial
Liquidity times 13current ratio 788.76
Current ratio from 60.24 to 788.76; short-term debt falls from €424k to €42k.
31-12
Financial
Equity above €2MEq €2.18M ▲11.3%
Equity rises from €1.96M to €2.18M.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €-1.13M
Net result drops to €-1.13M, the lowest in the series; recovery starts the following year.
21-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 52 days late
2019
31-12
Financial
Back to profitnet €687k
Net result €687k after one loss-making year.
Show earlier events
31-12
Financial
Liquidity times 41current ratio 840.61
Current ratio from 20.26 to 840.61; short-term debt falls from €891k to €28k.
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
19-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 50 days late
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
27-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 58 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Pajottegem · 1 establishment unit since 1990
Ground area
1.3 ha
Building footprint
312 m²
Volume, LiDAR
1,549 m³
Parcel 23040A0080/00G000, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LOBO
since 19902.048.780.649
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23040A0080/00G000 | Flanders | 1.3 ha | 1 · 312 m² | 8.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
967600HJIUBEUOMN1O35
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Of 732 companies in sector 55209 we hold annual accounts for 208. 120 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded20-02-1990
Fiscal year end31-12
Activities, NACEBEL 2025
55209Other holiday and short-stay accommodation
66300Activities auxiliary to financial services and insurance activities
68203Renting and operating of own or leased non-residential real estate, excluding land
68321Property management for co-owned buildings (syndics)
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.