LR
ActiveSummary
LR is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show negative equity (-€40,914) and a net result of €1,060. Equity remains stable across the filed fiscal years (±2.5% per year). Its solvency ranks better than 5% of 8091 sector peers (fiscal year 2025). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked 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.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 8091 sector peers (2025).
NBB · sector comparisonPosition among 8091 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 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 · 10 filingsDeviation from the deadline
2025
24 d late
2024
31 d late
2023
19 d late
2022
8 d late
2021
25 d early
2020
11 d early
2019
10 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 8 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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 monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€40,914▲ 2.5%
2024 · -€41,975
Net result
€1,060▲ 24,557%
2024 · €4
Total assets
€5,396▼ 8.3%
2024 · €5,882
Solvency
-758.3%▼ 44.7pp
2024 · -713.6%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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
Line20212022202320242025
Operating result€1,389▼ 83.6%€349▼ 74.9%€268▼ 23.2%€208▼ 22.5%€1,644▲ 692%
Net result€1,002below the sector's middle half▼ 88.2%€103below the sector's middle half▼ 89.7%€31below the sector's middle half▼ 70.0%€4below the sector's middle half▼ 86.1%€1,060below the sector's middle half▲ 24,557%
Equity-€42,113below the sector's middle half▲ 2.3%-€42,010below the sector's middle half▲ 0.2%-€41,979below the sector's middle half▲ 0.1%-€41,975below the sector's middle half=-€40,914below the sector's middle half▲ 2.5%
Total assets€265below the sector's middle half▼ 95.0%€133below the sector's middle half▼ 50.0%€147below the sector's middle half▲ 10.7%€5,882below the sector's middle half▲ 3,907%€5,396below the sector's middle half▼ 8.3%
Debt€42,378▼ 12.5%€42,143▼ 0.6%€42,126=€47,857▲ 13.6%€46,310▼ 3.2%
Working capital-€42,113below the sector's middle half▲ 2.3%-€41,608below the sector's middle half▲ 1.2%-€41,942below the sector's middle half▼ 0.8%-€46,046below the sector's middle half▼ 9.8%-€43,480below the sector's middle half▲ 5.6%
Solvency-15886.4%below the sector's middle half▼ 15073.6pp-31669.8%below the sector's middle half▼ 15783.4pp-28594.1%below the sector's middle half▲ 3075.7pp-713.6%below the sector's middle half▲ 27880.5pp-758.3%below the sector's middle half▼ 44.7pp
Current ratio0.04below the sector's middle half0.06below the sector's middle half▲ 0.02
Return on assets (ROA)0.1%below the sector's middle half19.6%within the sector's middle half▲ 19.6pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
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 692% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5,396
Fixed assets
€2,566 ▼ 37.0%
Current assets
€2,830 ▲ 56.3%
Key figures and ratios
Debt ≤ 1 year
€46,310▼
2024 · €47,857
Income taxes
€395▲
2024 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €446 | €1,506 | ▲ 237% |
| Other operating charges640/8 | €522 | €507 | €740 | €585 | €585 | = |
| Gross operating margin9900 | €1,911 | €855 | €1,008 | €1,239 | €3,735 | ▲ 201% |
| Operating profit (loss)9901 | €1,389 | €349 | €268 | €208 | €1,644 | ▲ 692% |
| Financial charges65/66B | €208 | €208 | €208 | €203 | €188 | ▼ 7.3% |
| Recurring financial charges65 | €208 | €208 | €208 | €203 | €188 | ▼ 7.3% |
| Profit (loss) for the period before taxes9903 | €1,182 | €141 | €60 | €4 | €1,455 | ▲ 33,745% |
| Income taxes67/77 | €179 | €38 | €29 | €0 | €395 | - |
| Profit (loss) for the period9904 | €1,002 | €103 | €31 | €4 | €1,060 | ▲ 24,557% |
| Profit (loss) for the period to be appropriated9905 | €1,002 | €103 | €31 | €4 | €1,060 | ▲ 24,557% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €265 | €133 | €147 | €5,882 | €5,396 | ▼ 8.3% |
| Fixed assets21/28 | - | - | - | €4,072 | €2,566 | ▼ 37.0% |
| Tangible fixed assets22/27 | - | - | - | €4,072 | €2,566 | ▼ 37.0% |
| Furniture and vehicles24 | - | - | - | €4,072 | €2,566 | ▼ 37.0% |
| Current assets29/58 | €265 | €133 | €147 | €1,810 | €2,830 | ▲ 56.3% |
| Amounts receivable within one year40/41 | - | €100 | €0 | €303 | €503 | ▲ 66.1% |
| Trade receivables40 | - | €100 | €0 | €303 | €503 | ▲ 66.1% |
| Cash at bank and in hand54/58 | €265 | €33 | €117 | €1,352 | €2,022 | ▲ 49.6% |
| Deferred charges and accrued income490/1 | - | - | €29 | €156 | €306 | ▲ 95.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €265 | €133 | €147 | €5,882 | €5,396 | ▼ 8.3% |
| Equity10/15 | -€42,113 | -€42,010 | -€41,979 | -€41,975 | -€40,914 | ▲ 2.5% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €244,438 | €244,438 | €244,438 | €244,438 | €0 | ▼ 100% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | €242,578 | €242,578 | €244,438 | €244,438 | €0 | ▼ 100% |
| Profit (loss) carried forward14 | -€292,751 | -€292,648 | -€292,617 | -€292,613 | -€47,114 | ▲ 83.9% |
| Amounts payable17/49 | €42,378 | €42,143 | €42,126 | €47,857 | €46,310 | ▼ 3.2% |
| Amounts payable within one year42/48 | €42,378 | €41,741 | €42,089 | €47,857 | €46,310 | ▼ 3.2% |
| Trade debts44 | €137 | €303 | €265 | €3,383 | €1,438 | ▼ 57.5% |
| Suppliers440/4 | €137 | €303 | €265 | €3,383 | €1,438 | ▼ 57.5% |
| Taxes, remuneration and social security45 | €179 | €217 | €29 | €80 | €395 | ▲ 395% |
| Taxes450/3 | €179 | €217 | €29 | €80 | €395 | ▲ 395% |
| Other amounts payable47/48 | €42,062 | €41,222 | €41,794 | €44,394 | €44,478 | ▲ 0.2% |
| Accrued charges and deferred income492/3 | - | €402 | €37 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,002 | €103 | €31 | €4 | €1,060 | ▲ 24,557% |
| + Depreciation and write-downs630 | - | - | - | €446 | €1,506 | ▲ 237% |
| Operating cash flow (approximation) | €1,002 | €103 | €31 | €451 | €2,566 | ▲ 469% |
| Investment in fixed assets (approximation) | - | - | - | - | €0 | - |
| Change in cash | - | -€232 | €85 | €1,234 | €670 | ▼ 45.7% |
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
Next filing, fiscal year 2026, expected by
2026
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
19-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 19 days late
2023
08-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 8 days late
2022
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €8,492 ▲87.4%
Operating result €8,492, net result €8,492, both a record.
10-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 10 days late
2019
31-12
Financial
Back to profitnet €4,531
Net result €4,531 after one loss-making year.
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 22 days late
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
18-07
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.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Antwerpen · 1 establishment unit since 2008
Ground area
504 m²
Building footprint
404 m²
Volume, LiDAR
3,441 m³
2 parcels, Flanders · tallest building 15.6 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Belfa Holding
since 20082.175.873.712
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11012A0026/00A004 | Flanders | 324 m² | 1 · 289 m² | 11.2 m · 3 fl. |
| 11805E0508/00L010 | Flanders | 180 m² | 1 · 116 m² | 15.6 m · 4 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.
Similar companies · same sector and region
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 24,729 companies in sector 64210 we hold annual accounts for 19,799. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded23-12-2008
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
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.
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Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
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Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.