Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Of this, €39,861 falls due within a year.
Green is investment, beige is depreciation.
Negative equity caps the score at 59.
The dashed line is the sector median: 0.2% across 26,627 companies (NACE 68, micro).
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 19% of them on solvency, 12% on liquidity, 62% on profitability and 88% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 516 companies had the same profile as LODE has now. Each dot stands for 2 companies, two years later.
Another 1.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of LODE itself is lower: 0.8% within 12 months. It rests on far more data about LODE than the profile alone.
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 516 companies, not a prediction for LODE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is insufficient, with a current ratio of 0.45 (0.3 in 2024), below 1. Short-term debt is 101.1% and cash 10.7% of total assets. Equity is negative.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 2 accounts on average 12 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| LODE Juprelle | €39,429 | €4,383 | -1.1% | - |
| LAUTHIMAT Aalst | €45,128 | €3,875 | 54.1% | - |
| Kinévolution Waterloo Ottignies-Louvain-la-Neuve | €44,626 | €5,812 | -36.4% | - |
| Huxi Beerse | €26,609 | €6,441 | 30.4% | - |
| CAMELOT INVEST Hove | €39,041 | €5,779 | 80.3% | - |
| WORK CITY REAL ESTATE Brussels | €21,719 | €5,438 | -107.8% | - |
| Santé-Plus Assesse | €77,021 | €3,655 | -10.7% | - |
These companies have the same main activity as LODE: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €21,700 and €77,000, founded between 2022 and 2024.
LODE has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€433) and a net result of €887.
Its solvency ranks better than 16% of 11,297 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Higher than 16% of 11,297 companies in 2025.
Higher than 27% of 10,849 companies in 2025.
Higher than 60% of 11,182 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
39,429 | 23,726 | |
20 |
1,773 | 2,823 | |
21/28 |
19,565 | 13,463 | |
22/27 |
19,565 | 13,463 | |
23 |
1,014 | - | |
24 |
0 | - | |
26 |
18,551 | 13,463 | |
29/58 |
18,091 | 7,440 | |
40/41 |
10,744 | 2,833 | |
40 |
8,862 | 1,920 | |
41 |
1,882 | 913 | |
54/58 |
4,207 | 4,417 | |
490/1 |
3,139 | 190 | |
| Balance sheet: equity and liabilities | |||
10/49 |
39,429 | 23,726 | |
10/15 |
-433 | -1,320 | |
10/11 |
5,000 | 5,000 | |
14 |
-5,433 | -6,320 | |
17/49 |
39,861 | 25,046 | |
42/48 |
39,861 | 25,045 | |
44 |
12,356 | 803 | |
440/4 |
12,356 | 803 | |
46 |
2,640 | 380 | |
45 |
10 | 0 | |
450/3 |
10 | 0 | |
47/48 |
24,854 | 23,862 | |
492/3 |
1 | 0 | |
| Income statement | |||
70 |
0 | - | |
9900 |
4,383 | -5,567 | |
60/61 |
0 | - | |
630 |
2,876 | 647 | |
640/8 |
602 | 106 | |
9901 |
905 | -6,320 | |
75/76B |
84 | 0 | |
75 |
84 | 0 | |
65/66B |
102 | 0 | |
65 |
102 | 0 | |
9903 |
887 | -6,320 | |
9904 |
887 | -6,320 | |
9905 |
887 | -6,320 | |
| Appropriation of the result | |||
9906 |
-5,433 | -6,320 | |
14P |
-6,320 | - | |
| Document | |||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 29-07-2026.
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 3,781 | -5,672 | ||
| 3,763 | -5,672 | ||
| 7,928 | 13,786 | ||
| -210 | - | ||
| -21,770 | -17,606 | ||
| -1.1% | -5.6% | ||
| 0.45 | 0.30 | ||
| 2.3% | -26.6% | ||
| 37.15 | -37815.27 |
The equity ratios are withheld because equity of -€433 is too small for a meaningful ratio.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 |
|---|---|---|
| Tangible fixed assets | €7,928 | €13,786 |
| €2,876 | €647 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a profit of €905, after a loss of €6,320 in 2024.
Equity is negative. Debt (€39,861) exceeds the balance-sheet total (€39,429).
Source: lists of holdings in the owners' accounts
LODE has no parent and no holdings in its annual accounts.
| HEXAGROUP
registered office since 23-10-2017 · founded in 2017 · accounts filed late |
total assets €2,506 (2024) 0683.610.963 |
| HEXAGROUP ASBL
registered office since 23-01-2025 |
founded in 2025 1019.092.589 |
| El Kounhi, Tarik (sole trader)
establishment since 10-05-2024 |
founded in 2024 0735.650.572 |
| Detilloux, Ludovic (sole trader)
establishment since 24-04-2009 |
founded in 2009 0861.353.466 |
The connected companies are in the list below.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Chaussée de Tongres 474 registered office 4450 Juprelle | 05-06-2024 | 2.361.484.596 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 62060A0989/00V000 | 664 m² | - | - |
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