LR Solution
Open bankruptcyA bankruptcy procedure is open for LR Solution according to publications in the Belgian State Gazette; curator: PATRICK CONTENT.
Summary
The 2023 annual accounts show equity of €32k and a net result of €13k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2023 was due by 31-01-2024 and was filed on 19-12-2023, 43 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
43 d early
2022
91 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Equity
€32k▲ 68.8%
2022 · €19k
2022: €19k
2023: €32k▲ +68.8% vs 2022
2022 → 2023
Total assets
€95k▲ 226%
2022 · €29k
2022: €29k
2023: €95k▲ +226% vs 2022
2022 → 2023
Net result
€13k▼ 27.4%
2022 · €18k
2022: €18k
2023: €13k▼ -27.4% vs 2022
2022 → 2023
Working capital
€32k▲ 68.8%
2022 · €19k
2022: €19k
2023: €32k▲ +68.8% vs 2022
2022 → 2023
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023Trend
Equity€19k-€32k▲ 68.8%
2022: €19k
2023: €32k▲ +68.8% vs 2022
Operating result€23k-€17k▼ 25.3%
2022: €23k
2023: €17k▼ -25.3% vs 2022
Net result€18k-€13k▼ 27.4%
2022: €18k
2023: €13k▼ -27.4% vs 2022
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2023; 2023 is 25% below 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Equity and liabilities €95k
Equity
€32k ▲ 68.8%
Debt
€63k ▲ 523%
Debt's share of the balance-sheet total rises from 34.7% to 66.2%. Equity and debt are higher.
Key figures and ratios
Current ratio
1.51▼
2022 · 2.88
Debt to equity
1.96▲
2022 · 0.53
ROE
40.8%▼
2022 · 94.7%
ROA
13.8%▼
2022 · 61.9%
Debt ≤ 1 year
€63k▲
2022 · €10k
Income taxes
€3k▼
2022 · €5k
Staff costs
€2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2023 against 2022 · 33 lines
Balance sheet
Code20222023
Assets
Total assets20/58€29k€95k▲
Current assets29/58€29k€95k▲
Amounts receivable within one year40/41€29k€92k▲
Trade receivables40-€90k
Other amounts receivable41€29k€2k▼
Cash at bank and in hand54/58€102€2k▲
Equity and liabilities
Total equity and liabilities10/49€29k€95k▲
Equity10/15€19k€32k▲
Contributions10/11€1k€1k=
Profit (loss) carried forward14€18k€31k▲
Amounts payable17/49€10k€63k▲
Amounts payable within one year42/48€10k€63k▲
Financial debts43-€7k
Credit institutions430/8-€7k
Trade debts44€3k€47k▲
Suppliers440/4€3k€47k▲
Taxes, remuneration and social security45€7k€9k▲
Taxes450/3€7k€8k▲
Remuneration and social security454/9-€844
Income statement
Code20222023
Remuneration, social security and pensions62-€2k
Other operating charges640/8-€749
Gross operating margin9900€23k€20k▼
Operating profit (loss)9901€23k€17k▼
Financial income75/76B€15€0▼
Recurring financial income75€15€0▼
Financial charges65/66B€531€793▲
Recurring financial charges65€531€793▲
Profit (loss) for the period before taxes9903€23k€16k▼
Income taxes67/77€5k€3k▼
Profit (loss) for the period9904€18k€13k▼
Profit (loss) for the period to be appropriated9905€18k€13k▼
Appropriation of the result
Profit (loss) to be appropriated9906€18k€31k▲
Profit (loss) brought forward from the previous period14P-€18k
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | - | €2k | - |
| Other operating charges640/8 | - | €749 | - |
| Gross operating margin9900 | €23k | €20k | ▼ 13.5% |
| Operating profit (loss)9901 | €23k | €17k | ▼ 25.3% |
| Financial income75/76B | €15 | €0 | ▼ 99.7% |
| Recurring financial income75 | €15 | €0 | ▼ 99.7% |
| Financial charges65/66B | €531 | €793 | ▲ 49.5% |
| Recurring financial charges65 | €531 | €793 | ▲ 49.5% |
| Profit (loss) for the period before taxes9903 | €23k | €16k | ▼ 27.1% |
| Income taxes67/77 | €5k | €3k | ▼ 26.1% |
| Profit (loss) for the period9904 | €18k | €13k | ▼ 27.4% |
| Profit (loss) for the period to be appropriated9905 | €18k | €13k | ▼ 27.4% |
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €29k | €95k | ▲ 226% |
| Current assets29/58 | €29k | €95k | ▲ 226% |
| Amounts receivable within one year40/41 | €29k | €92k | ▲ 219% |
| Trade receivables40 | - | €90k | - |
| Other amounts receivable41 | €29k | €2k | ▼ 93.6% |
| Cash at bank and in hand54/58 | €102 | €2k | ▲ 2,283% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €29k | €95k | ▲ 226% |
| Equity10/15 | €19k | €32k | ▲ 68.8% |
| Contributions10/11 | €1k | €1k | = |
| Profit (loss) carried forward14 | €18k | €31k | ▲ 72.6% |
| Amounts payable17/49 | €10k | €63k | ▲ 523% |
| Amounts payable within one year42/48 | €10k | €63k | ▲ 523% |
| Financial debts43 | - | €7k | - |
| Credit institutions430/8 | - | €7k | - |
| Trade debts44 | €3k | €47k | ▲ 1,490% |
| Suppliers440/4 | €3k | €47k | ▲ 1,490% |
| Taxes, remuneration and social security45 | €7k | €9k | ▲ 24.9% |
| Taxes450/3 | €7k | €8k | ▲ 13.0% |
| Remuneration and social security454/9 | - | €844 | - |
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €18k | €13k | ▼ 27.4% |
| Operating cash flow (approximation) | €18k | €13k | ▼ 27.4% |
| Change in cash | - | €2k | - |
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
2024
03-07
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Oostende · event 28-06-2024
2023
19-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
02-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 91 days late
SignalNBB filing
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, Torhout · 1 establishment unit since 2021
Ground area
413 m²
Building footprint
251 m²
Volume, LiDAR
2,113 m³
2 parcels, Flanders · tallest building 12.0 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
LR Solution
since 20212.320.041.545
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36493B0544/00V000 | Flanders | 275 m² | 1 · 78 m² | 7.7 m · 2 fl. |
| 31522D0715/00V006 | Flanders | 138 m² | 1 · 173 m² | 12.0 m · 3 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | PATRICK CONTENT JOZEF II-STRAAT 18,
8400 OOSTENDE |
28-06-2024 → present |
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Of 7,006 companies in sector 81220 we hold annual accounts for 2,414. 1,939 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded02-07-2021
Fiscal year end30-06
Activities, NACEBEL 2025
81220Other building cleaning and industrial cleaning
81230Other cleaning activities
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.