LOWAGIE
ActiveLOWAGIE has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €22k and a net result of €18k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 10331 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
49
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability43▲+28
Solvency26▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity tight (current ratio 1.37 against 1.7 in 2024; short-term debt: 56.1% and cash: 5.2% of total assets), and 98.5% 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
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 →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
1.5%
Return on assets
1.2%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 10331 sector peers (2025).
NBB · sector comparisonPosition among 10331 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
on the day
2022
69 d early
2021
1 d early
2020
1 d early
2019
2 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
20-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€22k▲ 548%
2024 · €3k
2018: €1k
2019: €-31k
2020: €-15k
2021: €-14k
2022: €7k
2023: €29k
2024: €3k
2018 → 2025
Total assets
€1.49M▲ 57.1%
2024 · €951k
2018: €952k
2019: €974k
2020: €829k
2021: €892k
2022: €906k
2023: €906k
2024: €951k
2018 → 2025
Net result
€18k
2024 · €-25k
2018: €-34k
2019: €-32k
2020: €16k
2021: €1k
2022: €21k
2023: €21k
2024: €-25k
2018 → 2025
Working capital
€307k▼ 20.0%
2024 · €383k
2018: €342k
2019: €352k
2020: €354k
2021: €395k
2022: €414k
2023: €393k
2024: €383k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-14k-€7k€29k▲ 287%€3k▼ 88.3%€22k▲ 548%
Operating result€12k-€33k▲ 181%€32k▼ 2.6%€-12k€41k
Net result€1k-€21k▲ 1,860%€21k▼ 0.6%€-25k€18k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €41k after a loss of €12k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.49M
Fixed assets
€350k▲ 1,976%
Current assets
€1.14M▲ 22.5%
Equity and liabilities €1.49M
Equity
€22k▲ 548%
Debt
€1.47M▲ 55.4%
The debt ratio falls from 99.6% to 98.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€68k▲
2024 · €-6k
Cash flow
€46k▲
2024 · €-19k
Solvency
1.5%▲
2024 · 0.4%
Current ratio
1.37▼
2024 · 1.70
Quick ratio
0.45▼
2024 · 0.52
Debt / equity
67.81
ROE
84.6%▲
2024 · -754.3%
ROA
1.2%▲
2024 · -2.7%
Interest coverage
2.75▲
2024 · -0.42
Debt
€1.47M▲
2024 · €948k
Debt ≤ 1 year
€838k▲
2024 · €551k
Debt > 1 year
€622k▲
2024 · €386k
Income taxes
€143▲
2024 · €135
Staff costs
€239k▲
2024 · €210k
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€951k€1.49M▲
Fixed assets21/28€17k€350k▲
Tangible fixed assets22/27€16k€349k▲
Plant, machinery and equipment23€4k€17k▲
Furniture and vehicles24-€1k
Leasing and similar rights25€10k€6k▼
Other tangible fixed assets26€2k€325k▲
Financial fixed assets28€744€744=
Current assets29/58€934k€1.14M▲
Stocks and contracts in progress3€647k€769k▲
Stocks30/36€647k€769k▲
Amounts receivable within one year40/41€221k€268k▲
Trade receivables40€207k€255k▲
Other amounts receivable41€14k€13k▼
Cash at bank and in hand54/58€34k€78k▲
Deferred charges and accrued income490/1€33k€30k▼
Equity and liabilities
Total equity and liabilities10/49€951k€1.49M▲
Equity10/15€3k€22k▲
Contributions10/11€50k€50k=
Reserves13€9k€9k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€97€97=
Distributable reserves133€9k€9k=
Profit (loss) carried forward14€-55k€-37k▲
Amounts payable17/49€948k€1.47M▲
Amounts payable after more than one year17€386k€622k▲
Financial debts170/4€105k€333k▲
Other amounts payable178/9€281k€289k▲
Amounts payable within one year42/48€551k€838k▲
Current portion of amounts payable after more than one year42€12k€60k▲
Financial debts43€167k€161k▼
Credit institutions430/8€167k€161k▼
Trade debts44€327k€519k▲
Suppliers440/4€327k€519k▲
Taxes, remuneration and social security45€45k€49k▲
Taxes450/3€11k€8k▼
Remuneration and social security454/9€35k€41k▲
Other amounts payable47/48€0€48k▲
Accrued charges and deferred income492/3€11k€13k▲
Income statement
Code20242025
Remuneration, social security and pensions62€210k€239k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€27k▲
Other operating charges640/8€4k€5k▲
Gross operating margin9900€208k€312k▲
Operating profit (loss)9901€-12k€41k▲
Financial income75/76B€2k€3k▲
Recurring financial income75€2k€3k▲
Financial charges65/66B€15k€25k▲
Recurring financial charges65€15k€25k▲
Profit (loss) for the period before taxes9903€-25k€19k▲
Income taxes67/77€135€143▲
Profit (loss) for the period9904€-25k€18k▲
Profit (loss) for the period to be appropriated9905€-25k€18k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-55k€-37k▲
Profit (loss) brought forward from the previous period14P€-30k€-55k▼
Social balance
Average headcount (FTE)90875.96.5▲
The notes to these accounts (19 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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Back to profitnet €18k
Net result €18k after one loss-making year.
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
20-02
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Highest result since 2018net €21k ▲1860%
Net result €21k, the highest in the series.
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Back to profitnet €16k
Net result €16k after 2 loss-making years.
28-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
29-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
05-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Ieper · 1 establishment unit since 2001
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.
Haiglaan 318900 IeperGround area
1.5 ha
Building footprint
3,378 m²
Volume, LiDAR
16,144 m³
Parcel 33303E0254/00W000, Flanders · tallest building 6.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BRICO
since 20012.093.195.167
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33303E0254/00W000 | Flanders | 1.5 ha | 1 · 3,378 m² | 6.7 m · 2 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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 897 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 0 EUR | 897 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteIeper2.093.195.167
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MCST BELGIUM
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TMK DHZ
BE 0801.817.836
Antwerpen · Eq €21k
Of 1,720 companies in sector 47521 we hold annual accounts for 1,288. 475 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-04-2001
Fiscal year end30-09
Activities, NACEBEL
47521Retail sale of hardware, building materials, paint and glass (general range)
52461
52462
43110Demolition
43240Other construction installation
43299Specialised construction activities
43320Joinery installation
43331Floor and wall tiling
43343Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 24 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.