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LP-1

Active
Public limited companyfounded 20224 yrs activeChaussée de Tirlemont 75, 5030 Gembloux, BelgiumKBO/BCE: BE 0786.621.795
Summary

The computed 12-month bankruptcy probability of LP-1 is 2.6% (moderate). The 2025 annual accounts show negative equity (-€874,697) and a net result of -€428,649. Equity is shrinking by ~124% per year across the filed fiscal years. Its solvency ranks better than 5% of 657 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability2▼-1
Solvency0▼-9
Growth32=
Track record94
Bankruptcy probability, 12 months
2.6% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.05 against 0.02 in 2024; short-term debt: 124.2% and cash: 0.3% of total assets), and equity is negative.
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Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+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 date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 52
Relative position
BE, all sectors
reference
Warehousing and support activities for transportation (NACE 52)
about 72% more bankruptcies
← 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 2025
Solvency, return and age of the figures
Solvency
-27.4%
Return on assets
-13.4%
Age of the figures
9 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
22232425
2022 to 2025 · latest year -€874,697
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filings
Deviation from the deadline
2025
26 d late
2024
26 d late
2023
23 d late
2022
24 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 25 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (2)
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 months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

LP-1 was incorporated on 30 May 2022 as a Public limited company.1 Total assets rose from EUR 68,054 in 2022 to EUR 3.2 million in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2025

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Financials · fiscal year 2025, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€428,649▼ 20.8%
2024 · -€354,819
Working capital
-€3.8m▼ 20.4%
2024 · -€3.1m
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line2022202320242025
Operating result-€2,081--€150,562▼ 7,136%-€269,210▼ 78.8%-€325,634▼ 21.0%
Net result-€2,092below the sector's middle half--€150,637below the sector's middle half▼ 7,101%-€354,819below the sector's middle half▼ 136%-€428,649below the sector's middle half▼ 20.8%
Equity€59,408below the sector's middle half--€91,228below the sector's middle half-€446,047below the sector's middle half▼ 389%-€874,697below the sector's middle half▼ 96.1%
Total assets€68,054below the sector's middle half-€2.5mwithin the sector's middle half▲ 3,518%€2.8mwithin the sector's middle half▲ 15.5%€3.2mwithin the sector's middle half▲ 12.2%
Debt€8,645-€2.6m▲ 29,436%€3.3m▲ 28.9%€4.1m▲ 23.6%
Working capital€59,408--€2.5m-€3.1m▼ 25.7%-€3.8m▼ 20.4%
Solvency87.3%above the sector's middle half--3.7%below the sector's middle half▼ 91.0pp-15.7%below the sector's middle half▼ 12.0pp-27.4%below the sector's middle half▼ 11.7pp
above within below the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€600,000-€400,000-€200,000€0Operating result 2022: -€2,081-€2,081Net result 2022: -€2,092-€2,092Operating result 2023: -€150,562-€150,562Net result 2023: -€150,637-€150,637Operating result 2024: -€269,210-€269,210Net result 2024: -€354,819-€354,819Operating result 2025: -€325,634-€325,634Net result 2025: -€428,649-€428,6492022202320242025-€600,000-€400,000-€200,000€0Operating result 2023: -€150,562-€151,000Net result 2023: -€150,637-€151,000Operating result 2024: -€269,210-€269,000Net result 2024: -€354,819-€355,000Operating result 2025: -€325,634-€326,000Net result 2025: -€428,649-€429,000202320242025
The operating result stays negative: a loss of €325,634 in 2025 against €269,210 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.2m
Fixed assets €3.0m ▲ 8.3%
Current assets €184,309 ▲ 179%
Key figures and ratios
2025 value · change against 2024
EBITDA
-€100,845▼
2024 · -€90,998
Cash flow
-€203,861▼
2024 · -€176,607
Current ratio
0.05▲
2024 · 0.02
Debt to equity
-4.65▲
2024 · -7.38
ROA
-13.4%▼
2024 · -12.5%
Interest coverage
-0.98▲
2024 · -1.06
Debt ≤ 1 year
€4.0m▲
2024 · €3.2m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 490 companies that looked in July 2024 the way this one looks now, 6.1% went bankrupt within 24 months and 89% are still going.

  • Small
  • 2 to 5 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
6.1% went bankrupt
3.5% stopped otherwise
89% still going

A further 1.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.6% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 490 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 32 lines
Balance sheet Code20242025
Assets
Total assets20/58€2.8m€3.2m▲
Fixed assets21/28€2.8m€3.0m▲
Tangible fixed assets22/27€2.8m€3.0m▲
Land and buildings22€2.8m€3.0m▲
Current assets29/58€65,983€184,309▲
Amounts receivable within one year40/41€50,886€173,921▲
Trade receivables40€877€63,391▲
Other amounts receivable41€50,008€110,529▲
Cash at bank and in hand54/58€15,098€10,388▼
Equity and liabilities
Total equity and liabilities10/49€2.8m€3.2m▲
Equity10/15-€446,047-€874,697▼
Contributions10/11€61,500€61,500=
Capital10€61,500€61,500=
Issued capital100€61,500€61,500=
Profit (loss) carried forward14-€507,547-€936,197▼
Amounts payable17/49€3.3m€4.1m▲
Amounts payable within one year42/48€3.2m€4.0m▲
Trade debts44€108,499€337,497▲
Suppliers440/4€108,499€337,497▲
Other amounts payable47/48€3.1m€3.6m▲
Accrued charges and deferred income492/3€85,118€102,407▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€178,212€224,789▲
Other operating charges640/8€16,412€17,782▲
Gross operating margin9900-€74,585-€83,064▼
Operating profit (loss)9901-€269,210-€325,634▼
Financial charges65/66B€85,609€103,015▲
Recurring financial charges65€85,609€103,015▲
Profit (loss) for the period before taxes9903-€354,819-€428,649▼
Profit (loss) for the period9904-€354,819-€428,649▼
Profit (loss) for the period to be appropriated9905-€354,819-€428,649▼
Appropriation of the result
Profit (loss) to be appropriated9906-€507,547-€936,197▼
Profit (loss) brought forward from the previous period14P-€152,728-€507,547▼

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€117,101€178,212€224,789▲ 26.1%
Other operating charges640/8€348€22,190€16,412€17,782▲ 8.3%
Gross operating margin9900-€1,733-€11,271-€74,585-€83,064▼ 11.4%
Operating profit (loss)9901-€2,081-€150,562-€269,210-€325,634▼ 21.0%
Financial charges65/66B€11€75€85,609€103,015▲ 20.3%
Recurring financial charges65€11€75€85,609€103,015▲ 20.3%
Profit (loss) for the period before taxes9903-€2,092-€150,637-€354,819-€428,649▼ 20.8%
Profit (loss) for the period9904-€2,092-€150,637-€354,819-€428,649▼ 20.8%
Profit (loss) for the period to be appropriated9905-€2,092-€150,637-€354,819-€428,649▼ 20.8%
Line2022202320242025Change
Assets
Total assets20/58€68,054€2.5m€2.8m€3.2m▲ 12.2%
Fixed assets21/28-€2.4m€2.8m€3.0m▲ 8.3%
Tangible fixed assets22/27-€2.4m€2.8m€3.0m▲ 8.3%
Land and buildings22-€2.4m€2.8m€3.0m▲ 8.3%
Current assets29/58€68,054€55,236€65,983€184,309▲ 179%
Amounts receivable within one year40/41€6,554€25,471€50,886€173,921▲ 242%
Trade receivables40€4,369-€877€63,391▲ 7,125%
Other amounts receivable41€2,185€25,471€50,008€110,529▲ 121%
Cash at bank and in hand54/58€61,500€29,765€15,098€10,388▼ 31.2%
Equity and liabilities
Total equity and liabilities10/49€68,054€2.5m€2.8m€3.2m▲ 12.2%
Equity10/15€59,408-€91,228-€446,047-€874,697▼ 96.1%
Contributions10/11€61,500€61,500€61,500€61,500=
Capital10€61,500€61,500€61,500€61,500=
Issued capital100€61,500€61,500€61,500€61,500=
Profit (loss) carried forward14-€2,092-€152,728-€507,547-€936,197▼ 84.5%
Amounts payable17/49€8,645€2.6m€3.3m€4.1m▲ 23.6%
Amounts payable within one year42/48€8,645€2.6m€3.2m€4.0m▲ 23.7%
Trade debts44€4,276€106,476€108,499€337,497▲ 211%
Suppliers440/4€4,276€106,476€108,499€337,497▲ 211%
Other amounts payable47/48€4,369€2.4m€3.1m€3.6m▲ 17.1%
Accrued charges and deferred income492/3--€85,118€102,407▲ 20.3%
Line2022202320242025Change
Profit (loss) for the period9904-€2,092-€150,637-€354,819-€428,649▼ 20.8%
+ Depreciation and write-downs630-€117,101€178,212€224,789▲ 26.1%
Operating cash flow (approximation)-€2,092-€33,536-€176,607-€203,861▼ 15.4%
Investment in fixed assets (approximation)---€549,786-€454,219▲ 17.4%
Change in cash--€31,735-€14,667-€4,709▲ 67.9%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
26-08
NBB filing Annual accounts filed
fiscal year 2025 · full schema · 26 days late
2025
31-12
Financial Weakest financial yearnet -€428,649
Net result drops to -€428,649, the lowest in the series.
26-08
NBB filing Annual accounts filed
fiscal year 2024 · full schema · 26 days late
2024
23-08
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 23 days late
2023
24-08
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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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, Gembloux
exact location from the address register On OpenStreetMap
Ground area
7.8 ha
Building footprint
1.4 ha
Parcel 92253D0287/00F000, Wallonia. Linked by address, not a title deed.
136 companies at this address See who is registered here
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
92253D0287/00F000 Wallonia 7.8 ha 1 · 1.4 ha -
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Part of the group PARCOFIN 58 companies Group, risk and exposure

Owners and holdings

1 owner

Chain of control

  1. PARCOFIN 100%
  2. PARDIS 90%
  3. LOCK’IMMO 100%
  4. LP-1

Highest known parent: PARCOFIN. The sources do not say who stands above it.

Owners 1

Holdings 0

The accounts to 31-12-2025 list no holdings, and no other source names one.

According to the 2025 annual accounts of LP-1 and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 1,031 companies in sector 52100 we hold annual accounts for 766. 338 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded30-05-2022
Fiscal year end31-12
Activities, NACEBEL 2025
52100Warehousing and storage
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID 0208:0786621795
Also 9925:BE0786621795
Registered 06-11-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.