LOVICAR is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €27k and a net result of €355k. Equity is shrinking by ~14.2% per year across the filed fiscal years. Its solvency ranks better than 10% of 5523 sector peers (fiscal year 2025). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 5523 sector peers (2025).
NBB · sector comparisonPosition among 5523 sector peers
Solvency
better than 10%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €27k
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 22-10-2025, 101 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
101 d early
2024
15 d early
2023
77 d early
2022
110 d early
2021
19 d early
2020
17 d early
2019
39 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close22-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€27k=
2024 · €27k
2019: €274k
2020: €57k
2021: €24k
2022: €24k
2023: €23k
2024: €27k
2019 → 2025
Net result
€355k▲ 48.8%
2024 · €239k
2019: €148k
2020: €37k
2021: €71k
2022: €120k
2023: €269k
2024: €239k
2019 → 2025
Total assets
€418k▲ 53.1%
2024 · €273k
2019: €332k
2020: €77k
2021: €138k
2022: €162k
2023: €369k
2024: €273k
2019 → 2025
Solvency
6.4%▼ 3.4pp
2024 · 9.7%
2019: 82.3%
2020: 74.3%
2021: 17.1%
2022: 14.7%
2023: 6.2%
2024: 9.7%
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€24k-€24k▲ 1.2%€23k▼ 3.4%€27k▲ 15.6%€27k=
Operating result€91k-€157k▲ 72.8%€358k▲ 128%€310k▼ 13.4%€457k▲ 47.6%
Net result€71k-€120k▲ 68.7%€269k▲ 124%€239k▼ 11.4%€355k▲ 48.8%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 48% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €418k
Fixed assets
€4k▲ 0.5%
Current assets
€414k▲ 53.9%
Equity and liabilities €418k
Equity
€27k=
Debt
€392k▲ 58.8%
The debt ratio rises from 90.3% to 93.6%. Debt is higher.
Key figures and ratios
Solvency
6.4%▼
2024 · 9.7%
ROA
84.8%▼
2024 · 87.3%
Debt
€392k▲
2024 · €247k
Debt ≤ 1 year
€392k▲
2024 · €247k
Income taxes
€112k▲
2024 · €77k
A ratio outside any meaningful range has been withheld (balance sheet total €418k, equity €27k).
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€273k€418k▲
Fixed assets21/28€4k€4k▲
Tangible fixed assets22/27€4k€4k▲
Furniture and vehicles24€364€0▼
Other tangible fixed assets26€4k€4k▲
Financial fixed assets28€500€500=
Current assets29/58€269k€414k▲
Amounts receivable after more than one year29€118k€66k▼
Other amounts receivable291€118k€66k▼
Amounts receivable within one year40/41€43k€42k▼
Trade receivables40€40k€32k▼
Other amounts receivable41€3k€10k▲
Cash at bank and in hand54/58€106k€294k▲
Deferred charges and accrued income490/1€2k€12k▲
Equity and liabilities
Total equity and liabilities10/49€273k€418k▲
Equity10/15€27k€27k=
Contributions10/11€19k€19k=
Reserves13€8k€8k=
Distributable reserves133€8k€8k=
Profit (loss) carried forward14€0€0=
Amounts payable17/49€247k€392k▲
Amounts payable within one year42/48€247k€392k▲
Trade debts44€1k€2k▲
Suppliers440/4€1k€2k▲
Taxes, remuneration and social security45€11k€33k▲
Taxes450/3€8k€30k▲
Remuneration and social security454/9€3k€3k=
Other amounts payable47/48€235k€357k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€880▼
Other operating charges640/8€3k€629▼
Gross operating margin9900€314k€459k▲
Operating profit (loss)9901€310k€457k▲
Financial income75/76B€7k€10k▲
Recurring financial income75€7k€10k▲
Financial charges65/66B€1k€927▼
Recurring financial charges65€1k€927▼
Profit (loss) for the period before taxes9903€316k€467k▲
Income taxes67/77€77k€112k▲
Profit (loss) for the period9904€239k€355k▲
Profit (loss) for the period to be appropriated9905€239k€355k▲
Appropriation of the result
Profit (loss) to be appropriated9906€239k€355k▲
Transfer from equity791/2€0-
Transfer to equity691/2€4k€0▼
To other reserves6921€4k€0▼
Profit to be distributed694/7€235k€355k▲
Return on contributions (dividend)694€235k€355k▲
The notes to these accounts (8 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
2025
22-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
30-06
Financial
Highest result since 2019net €355k ▲48.8%
Operating result €457k, net result €355k, both a record.
16-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
15-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
13-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
12-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
14-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Weakest financial yearnet €37k ▼75.1%
Net result drops to €37k, the lowest in the series; recovery starts the following year.
2019
23-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
23-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
17-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Leuven · 1 establishment unit since 2015
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.
Diestsesteenweg 3373010 LeuvenGround area
243 m²
Building footprint
109 m²
Volume, LiDAR
841 m³
Parcel 24482F0217/00N003, Flanders · tallest building 12.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
LOVICAR
since 20152.248.093.774
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24482F0217/00N003 | Flanders | 243 m² | 1 · 109 m² | 12.5 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 24,728 companies in sector 64210 we hold annual accounts for 19,762. 8,404 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-11-2015
Fiscal year end30-06
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
70200Business and other management consultancy
70220Business consulting
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 9 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.