LOPAG
ActiveLOPAG has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €100k and a net result of €-37k. Equity is shrinking by ~7.9% per year across the filed fiscal years. Its solvency ranks better than 75% of 18237 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
54
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency90▼-10
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 6.31 against 8.97 in 2024; short-term debt: 14.9% and cash: 4.1% of total assets), and 35.5% of the assets are financed with debt.
Credit advice 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
64.5%
Return on assets
-23.5%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-37k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-06-2026, 53 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
53 d early
2024
38 d early
2023
33 d early
2022
17 d early
2021
40 d early
2020
2 d early
2019
27 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€100k▼ 26.7%
2024 · €137k
2018: €206k
2019: €211k
2020: €215k
2021: €222k
2022: €165k
2023: €174k
2024: €137k
2018 → 2025
Total assets
€156k▼ 11.1%
2024 · €175k
2018: €219k
2019: €230k
2020: €252k
2021: €240k
2022: €184k
2023: €188k
2024: €175k
2018 → 2025
Net result
€-37k▲ 1.6%
2024 · €-37k
2018: €-6k
2019: €5k
2020: €4k
2021: €7k
2022: €-57k
2023: €9k
2024: €-37k
2018 → 2025
Working capital
€123k▼ 14.3%
2024 · €144k
2018: €200k
2019: €202k
2020: €229k
2021: €217k
2022: €159k
2023: €171k
2024: €144k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€222k-€165k▼ 25.8%€174k▲ 5.5%€137k▼ 21.3%€100k▼ 26.7%
Operating result€2k-€-5k€10k€-37k€-36k▲ 2.7%
Net result€7k-€-57k€9k€-37k€-37k▲ 1.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €36k in 2025 against €37k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €156k
Fixed assets
€9k▼ 30.6%
Current assets
€146k▼ 9.5%
Equity and liabilities €156k
Equity
€100k▼ 26.7%
Debt
€55k▲ 45.2%
The debt ratio rises from 21.7% to 35.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-32k▲
2024 · €-32k
Cash flow
€-32k▲
2024 · €-33k
Solvency
64.5%▼
2024 · 78.3%
Current ratio
6.31▼
2024 · 8.97
Quick ratio
0.41▼
2024 · 1.17
Debt / equity
0.55▲
2024 · 0.28
ROE
-36.4%▼
2024 · -27.1%
ROA
-23.5%▼
2024 · -21.2%
Interest coverage
-29.28▲
2024 · -37.05
Debt
€55k▲
2024 · €38k
Debt ≤ 1 year
€23k▲
2024 · €18k
Debt > 1 year
€32k▲
2024 · €20k
Income taxes
€302▼
2024 · €471
Staff costs
€52k▲
2024 · €51k
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€175k€156k▼
Fixed assets21/28€13k€9k▼
Tangible fixed assets22/27€13k€9k▼
Plant, machinery and equipment23€1k€591▼
Furniture and vehicles24€12k€9k▼
Current assets29/58€162k€146k▼
Stocks and contracts in progress3€140k€137k▼
Stocks30/36€140k€137k▼
Amounts receivable within one year40/41€2k€1k▼
Trade receivables40€1k€994▼
Other amounts receivable41€1k€426▼
Cash at bank and in hand54/58€15k€6k▼
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€175k€156k▼
Equity10/15€137k€100k▼
Contributions10/11€25k€25k=
Reserves13€197k€75k▼
Distributable reserves133€197k€75k▼
Profit (loss) carried forward14€-85k€0▲
Amounts payable17/49€38k€55k▲
Amounts payable after more than one year17€20k€32k▲
Other amounts payable178/9€20k€32k▲
Amounts payable within one year42/48€18k€23k▲
Trade debts44€7k€10k▲
Suppliers440/4€7k€10k▲
Taxes, remuneration and social security45€11k€11k▲
Taxes450/3€3k€4k▲
Remuneration and social security454/9€8k€6k▼
Other amounts payable47/48€0€3k▲
Income statement
Code20242025
Remuneration, social security and pensions62€51k€52k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k▼
Other operating charges640/8€3k€4k▲
Gross operating margin9900€22k€23k▲
Operating profit (loss)9901€-37k€-36k▲
Financial income75/76B€985€615▼
Recurring financial income75€985€615▼
Financial charges65/66B€872€1k▲
Recurring financial charges65€872€1k▲
Profit (loss) for the period before taxes9903€-37k€-36k▲
Income taxes67/77€471€302▼
Profit (loss) for the period9904€-37k€-37k▲
Profit (loss) for the period to be appropriated9905€-37k€-37k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-85k€-122k▼
Profit (loss) brought forward from the previous period14P€-48k€-85k▼
Transfer from equity791/2-€122k
The notes to these accounts (5 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
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-57k ▼949%
Net result drops to €-57k, the lowest in the series; recovery starts the following year.
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
2019
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
10-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 10 days late
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 57 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Lommel · 1 establishment unit since 1999
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.
Sint-Jan Berchmansstraat 443920 LommelGround area
2,880 m²
Building footprint
1,687 m²
2 parcels, Flanders. Linked by address, not a title deed.
1 establishment unit
LODGE SHOES
since 19992.091.406.310
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72020C0355/00B000 | Flanders | 1,787 m² | 1 · 1,459 m² | - |
| 72345B1083/00L019 | Flanders | 1,093 m² | 1 · 228 m² | - |
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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 446 EUR awarded · 446 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 446 EUR | 446 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 1,034 companies in sector 47721 we hold annual accounts for 582. 455 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-06-1999
Fiscal year end31-12
Activities, NACEBEL
47721Retail sale of footwear
47722Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.