Equity
€335,890 ▼ 31.6%
LOONES E & B paid out €52,372 in dividends in a year with a loss of €28,151.
LOONES E & B
Lifetime
19 annual accounts with figures on one time axis, 20 filings since 2005peak €366,548 (2006)
€2,065▼ 97.4%
lowest -€28,151 (2024)
-€28,151▼ €45,342
peak €744,153 (2020)
€335,890▼ 31.6%
€34,487▼ 49.5%
peak 2.8 FTE (2006)
-not published
Board2 names since 2004
2 directorsLOONES Bjorn Florent Etienne and 1 other
Documentsfilings and deeds
31-12-2025153 days late
2024micro format
Gross margin from €79,394 to €2,065Loss of €28,151Dividend €52,372Equity from €491,413 to €335,890Debts from €68,298 to €34,487Cash from €364,500 to €110,037
Key points
from the 2024 annual accountsFilings
20 annual accounts 101 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Position in the sector
-€28,151
Lower net result than 95% of companies in specialised construction. Sector median €9,467 · 35,924 companies.
Checked score
55
Fair
Financially stronger than 50% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
A confirmed filing finding caps the score at 59.
Bankruptcy probability within 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.2%
01-2025: 2.5%▲ +1.3 percentage points vs 12-2024
02-2025: 2.5%● unchanged vs 01-2025
03-2025: 2.9%▲ +0.4 percentage points vs 02-2025highest value
04-2025: 2.7%▼ -0.2 percentage points vs 03-2025
05-2025: 0.4%▼ -2.3 percentage points vs 04-2025
06-2025: 0.4%● unchanged vs 05-2025
07-2025: 0.4%● unchanged vs 06-2025lowest value
08-2025: 0.6%▲ +0.2 percentage points vs 07-2025
09-2025: 0.6%● unchanged vs 08-2025
10-2025: 0.8%▲ +0.2 percentage points vs 09-2025
11-2025: 0.8%● unchanged vs 10-2025
12-2025: 1.1%▲ +0.3 percentage points vs 11-2025
01-2026: 0.8%▼ -0.3 percentage points vs 12-2025
02-2026: 0.8%● unchanged vs 01-2026
03-2026: 0.8%● unchanged vs 02-2026
04-2026: 0.8%● unchanged vs 03-2026
05-2026: 0.8%● unchanged vs 04-2026
06-2026: 0.7%▼ -0.1 percentage points vs 05-2026
07-2026: 0.7%● unchanged vs 06-2026
08-2026: 0.8%▲ +0.1 percentage points vs 07-2026
09-2026: 0.9%▲ +0.1 percentage points vs 08-2026
10-2026: 1.1%▲ +0.2 percentage points vs 09-2026
11-2026: 1.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Capped at 59: a confirmed filing finding
1 financial year not filed after the legal deadline; last filed accounts filed 153 days late; 3 of the last 3 accounts late
Loss of €28,151 (financial year 2024)
lowers risk
Founded in 2004
Liquidity: current ratio 8.63, cash €110,037, halved
Calculation
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 43, micro). It does better than 90% of them on solvency, 85% on liquidity, 11% on profitability and 13% on growth.
The bankruptcy probability was computed on 09-11-2026 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 31-12-2024.
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).
Comparable companies, two years later
In July 2024, 12,322 companies had the same profile as LOONES E & B has now. Each dot stands for 31 companies, two years later.
90.3%
were still trading
8.6%
stopped another way
0.7%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of LOONES E & B itself is higher: 1.1% within 12 months. It rests on far more data about LOONES E & B than the profile alone.
Test of the method
The method was tested on the 497,447 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 12,322 companies, not a prediction for LOONES E & B. 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.
Credit verdict
Credit of up to €18,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity is ample, with a current ratio of 8.63 (6.64 in 2023), above the usual 1.5. Short-term debt is 9.2% and cash 29.7% of total assets. 9.3% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 101 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline09-11-2026 today
raises risk · 2024 accounts filed 153 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-12-2025, 153 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
153 days late
2023
244 days late
2022
213 days late
2021
108 days late
2020
153 days late
2019
210 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 180 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0865907023
Amendment of the articles · Legal-form change · Resignations & appointments
Appointments: LOONES Etienne Emiel Florent (statutory director) and LOONES Bjorn Florent Etienne (statutory director) · Gazette deed
First establishment
Steenhouwerslaan 4, Maldegem
Incorporation
published on 30-06-2004 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| LOONES E & B Maldegem | €370,378 | €2,065 | 90.7% | - |
| Decolux MPV Etterbeek | €277,279 | €2,077 | 47.7% | - |
| GRONDVERZET DAVID HEYMAN Assenede | €389,871 | -€5,216 | 99.5% | - |
| Interconnection Waasmunster | €354,417 | -€15,616 | 47.8% | - |
| DE SMIDT Frères Tinlot | €450,032 | €2,571 | 82.9% | - |
| GRONDWERKEN VERVAEKE Wielsbeke | €372,451 | -€84,228 | 45.7% | - |
| VAN WUYTSWINKEL TOM Dessel | €332,882 | -€2,276 | 38.6% | - |
These companies have the same main activity as LOONES E & B: site preparation (NACE 43120). They are comparable in size and age: total assets between €277,000 and €450,000, founded between 1993 and 2008.
Official details
Source: KBO- Status
- Active since 22-06-2004Normal situation
- Activity
- Site preparationNACE 43120and 1 other
- Joint committee
- 124Construction · annual accounts 2024
- Establishment unit
- 2.138.724.1959990 Maldegem, since 01-07-2004
- Financial year end
- 31 December
- Peppol
- Reachable since 16-02-2026
Insights on LOONES E & B
LOONES E & B files the micro format. That format states no turnover. The gross margin fell from €366,548 in 2006 to €2,065 in 2024.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about LOONES E & B
- What is the company number of LOONES E & B?
- The company number of LOONES E & B is 0865.907.023. The VAT number is the same number with BE in front: BE 0865.907.023.
- Where is LOONES E & B based?
- The registered office is at Steenhouwerslaan 4, 9990 Maldegem.Company details
- What does LOONES E & B do?
- According to the KBO register, the main activity is site preparation (NACE 43120).
- What is the legal form of LOONES E & B?
- LOONES E & B is a private limited company (BV).
- When was LOONES E & B founded?
- LOONES E & B was founded on 22-06-2004.
- Is LOONES E & B still active?
- Yes, LOONES E & B is an active enterprise in the KBO register.
- How many employees does LOONES E & B have?
- LOONES E & B had an average of 0.3 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- Which joint committee does LOONES E & B fall under?
- In its 2024 annual accounts, LOONES E & B states joint committee 124 (Construction).
- What is the turnover of LOONES E & B?
- The turnover in financial year 2024 is ≈ €20,000. This figure is estimated from the gross margin of €2,065 and 31 comparable companies (NACE 43120). It probably lies between €9,300 and €30,000. It is a rough estimate.
- Is LOONES E & B profitable?
- In financial year 2024, LOONES E & B made a loss of €28,151.
- Where can I find the annual accounts of LOONES E & B?
- LOONES E & B filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
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