The computed 12-month bankruptcy probability of Lovisa Belgium is 2.6% (moderate). For Lovisa Belgium, at least two filing cycles of the annual accounts are missing. The 2022 annual accounts show equity of €3.0m and a net result of €588,469. Equity is growing by about 8.6% per year across the filed financial years. Its solvency ranks better than 87% of 6,530 sector peers (NACE 47, financial year 2022). The company has been active since 2003 and the Belgian Official Gazette contains no insolvency or warning signals.
2023 accounts not filed, 818 days past the deadline1 of 33 deeds summarised
Signalsraises risk3 financial years not filed after the legal deadline; last filed accounts filed 602 days late; 2 of the last 3 lateFigures for financial year 2022 (filed 26-03-2025)Two or more financial years not filed2022 accounts filed 602 days latelowers riskLiquidity: current ratio 2.94, cash €818,475Founded in 2003Show the evidence
Bankruptcy probability
No current score
Checked score
A figure from 0 to 100: the higher it is, the smaller the chance that the company goes bankrupt within twelve months. The band, from Critical to Excellent, follows from that chance; within the band, how the company does against its sector peers counts too. With a low score, agree a shorter payment term, an advance or security.
Figures too old
The available figures for FY 2022 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Financial strength, FY 2022 · tick = 2021
Financial strength
How strong the balance sheet and results are: solvency, liquidity and profitability from the latest annual accounts, each out of 100. It does not directly set the Checked score's band; how the company does on these and on growth against its sector peers does count for its place within the band.
Strong
Solvency95+27
equity 70.0% of total assets
Liquidity61+25
short-term debt 30.0% · cash 19.0%
Profitability82+11
return on assets 13.7%
Bankruptcy probability, 12 months
Bankruptcy probability
The chance that the company goes bankrupt within twelve months, estimated from the registers, the annual accounts and the Belgian Official Gazette. 0.2% means about 2 in 1,000 comparable companies. The higher it is, the shorter the payment term to agree.
2.6%Moderate
0%0.5%1.5%4%10%≥ 25%
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Sector median 0.4% (3,693 companies, NACE 47, small)
Last 24 months11-2024: 5.0%highest value12-2024: 5.0%● unchanged vs 11-2024highest value01-2025: 5.0%● unchanged vs 12-2024highest value02-2025: 5.0%● unchanged vs 01-2025highest value03-2025: 5.0%● unchanged vs 02-2025highest value04-2025: 1.9%▼ -3.1 percentage points vs 03-2025lowest value05-2025: 1.9%● unchanged vs 04-2025lowest value06-2025: 1.9%● unchanged vs 05-2025lowest value07-2025: 1.9%● unchanged vs 06-2025lowest value08-2025: 2.9%▲ +1.0 percentage point vs 07-202509-2025: 2.9%● unchanged vs 08-202510-2025: 2.9%● unchanged vs 09-202511-2025: 2.9%● unchanged vs 10-202512-2025: 2.9%● unchanged vs 11-202501-2026: 2.9%● unchanged vs 12-202502-2026: 2.9%● unchanged vs 01-202603-2026: 2.9%● unchanged vs 02-202604-2026: 2.9%● unchanged vs 03-202605-2026: 2.9%● unchanged vs 04-202606-2026: 2.9%● unchanged vs 05-202607-2026: 2.8%▼ -0.1 percentage points vs 06-202608-2026: 2.6%▼ -0.2 percentage points vs 07-202609-2026: 2.6%● unchanged vs 08-202610-2026: 2.6%● unchanged vs 09-2026
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 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.
31-12-2023 year end31-07-2024 deadline27-10-2026 today
raises risk · 2022 accounts filed 602 days late
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 24-03-2025, 602 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.
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 330 days after the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.
Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
Resignation: Victor Herrero Amigo (director)Appointment: John Cheston (director) ·…
Annual accounts filedfinancial year 2022 · full…
Annual accounts filedfinancial year 2021 · full…
Key points
Risk: 2023 accounts not fileddeadline was 31-07-2024818 days past the deadlineView
Positive: Turnover rose in 2022from €3.4m to €6.3m▲ 83.3%View