LOVAD
ActiveSummary
The computed 12-month bankruptcy probability of LOVAD is 12.8% (high). For LOVAD, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €116,656 and a net result of -€1,446. Equity is growing by ~3.6% per year across the filed fiscal years. The company has been active since 2020 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Bankruptcy probability: High
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability68▼-9
Solvency64▼-36
Growth52=
Track record92
Bankruptcy probability, 12 months
12.8%
High
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Eight signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 2023Solvency, return and age of the figures
Solvency
39.3%
Return on assets
-0.5%
Age of the figures
39 mo
raises risk · Two or more financial years not filed
Since the financial year that closed on 30-06-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 3 filingsPosition against the passed deadline
30-06-2024 close31-01-2025 deadline28-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2023 was due by 31-01-2024 and was filed on 15-01-2024, 16 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
16 d early
2022
46 d early
2021
269 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 69 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, micro schema
Equity
€116,656▼ 1.2%
2022 · €118,102
Total assets
€296,955▲ 95.7%
2022 · €151,703
Net result
-€1,446
2022 · €9,753
Working capital
€82,056▼ 9.6%
2022 · €90,805
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202120222023
Operating result€131,737-€14,884▼ 88.7%€2,994▼ 79.9%
Net result€103,349-€9,753▼ 90.6%-€1,446
Equity€108,349-€118,102▲ 9.0%€116,656▼ 1.2%
Total assets€157,786-€151,703▼ 3.9%€296,955▲ 95.7%
Debt€49,437-€33,601▼ 32.0%€180,299▲ 437%
Working capital€87,704-€90,805▲ 3.5%€82,056▼ 9.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2023 is 80% below 2022 and is the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €296,955
Fixed assets
€34,600 ▲ 26.8%
Current assets
€262,355 ▲ 111%
Equity and liabilities €296,955
Equity
€116,656 ▼ 1.2%
Debt
€180,299 ▲ 437%
Debt's share of the balance-sheet total rises from 22.1% to 60.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€15,823▼
2022 · €25,245
Cash flow
€11,383▼
2022 · €20,113
Current ratio
1.46▼
2022 · 3.70
Debt to equity
1.55▲
2022 · 0.28
ROE
-1.2%▼
2022 · 8.3%
ROA
-0.5%▼
2022 · 6.4%
Interest coverage
70.81▼
2022 · 132.57
Debt ≤ 1 year
€180,299▲
2022 · €33,601
Income taxes
€4,217▼
2022 · €4,941
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,696 | €10,360 | €12,829 | ▲ 23.8% |
| Other operating charges640/8 | €940 | €2,097 | €15,339 | ▲ 632% |
| Non-recurring operating charges66A | - | €4,121 | - | - |
| Gross operating margin9900 | €136,373 | €31,462 | €31,162 | ▼ 1.0% |
| Operating profit (loss)9901 | €131,737 | €14,884 | €2,994 | ▼ 79.9% |
| Financial income75/76B | - | - | €0 | - |
| Recurring financial income75 | - | - | €0 | - |
| Financial charges65/66B | €1,101 | €190 | €223 | ▲ 17.3% |
| Recurring financial charges65 | €1,101 | €190 | €223 | ▲ 17.3% |
| Profit (loss) for the period before taxes9903 | €130,637 | €14,694 | €2,771 | ▼ 81.1% |
| Income taxes67/77 | €27,287 | €4,941 | €4,217 | ▼ 14.7% |
| Profit (loss) for the period9904 | €103,349 | €9,753 | -€1,446 | ▼ 115% |
| Profit (loss) for the period to be appropriated9905 | €103,349 | €9,753 | -€1,446 | ▼ 115% |
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €157,786 | €151,703 | €296,955 | ▲ 95.7% |
| Fixed assets21/28 | €20,645 | €27,297 | €34,600 | ▲ 26.8% |
| Tangible fixed assets22/27 | €20,645 | €27,297 | €34,600 | ▲ 26.8% |
| Plant, machinery and equipment23 | - | - | €15,952 | - |
| Furniture and vehicles24 | €20,645 | €27,297 | €18,647 | ▼ 31.7% |
| Current assets29/58 | €137,141 | €124,406 | €262,355 | ▲ 111% |
| Amounts receivable within one year40/41 | €59,780 | €113,099 | €242,003 | ▲ 114% |
| Trade receivables40 | €49,000 | €82,914 | €208,367 | ▲ 151% |
| Other amounts receivable41 | €10,780 | €30,185 | €33,636 | ▲ 11.4% |
| Cash at bank and in hand54/58 | €77,361 | €10,368 | €19,979 | ▲ 92.7% |
| Deferred charges and accrued income490/1 | - | €939 | €373 | ▼ 60.3% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €157,786 | €151,703 | €296,955 | ▲ 95.7% |
| Equity10/15 | €108,349 | €118,102 | €116,656 | ▼ 1.2% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | = |
| Outside capital11 | - | €5,000 | - | - |
| Other1109/19 | - | €5,000 | - | - |
| Profit (loss) carried forward14 | €103,349 | €113,102 | €111,656 | ▼ 1.3% |
| Amounts payable17/49 | €49,437 | €33,601 | €180,299 | ▲ 437% |
| Amounts payable within one year42/48 | €49,437 | €33,601 | €180,299 | ▲ 437% |
| Trade debts44 | €15,500 | €1,373 | €146,853 | ▲ 10,599% |
| Suppliers440/4 | €15,500 | €1,373 | €146,853 | ▲ 10,599% |
| Taxes, remuneration and social security45 | €33,937 | €32,228 | €33,445 | ▲ 3.8% |
| Taxes450/3 | €27,287 | €32,228 | €33,445 | ▲ 3.8% |
| Remuneration and social security454/9 | €6,650 | - | - | - |
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €103,349 | €9,753 | -€1,446 | ▼ 115% |
| + Depreciation and write-downs630 | €3,696 | €10,360 | €12,829 | ▲ 23.8% |
| Operating cash flow (approximation) | €107,045 | €20,113 | €11,383 | ▼ 43.4% |
| Investment in fixed assets (approximation) | - | -€17,012 | -€20,131 | ▼ 18.3% |
| Change in cash | - | -€66,994 | €9,612 | ▲ 114% |
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
08-08
KBO administration
Address struck
2024
15-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Weakest financial yearnet -€1,446
Net result drops to -€1,446, the lowest in the series.
2022
16-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
27-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 269 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 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, Drogenbos · 1 establishment unit since 2020
Ground area
1.1 ha
Building footprint
855 m²
Volume, LiDAR
9,503 m³
2 parcels, Flanders, Wallonia · tallest building 13.0 m, ±4 floors. Linked by address, not a title deed.
236
companies at this address
See who is registered here
1 establishment unit
LOVAD
since 20202.300.475.160
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22001A0006/00W002 | Flanders | 1.1 ha | 1 · 794 m² | 13.0 m · 4 fl. |
| 85045A0388/00B000 | Wallonia | 261 m² | 1 · 61 m² | 9.6 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company
Founded03-01-2020
Fiscal year end30-06
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.