LR Technologies Belgium

Active

Public limited companyfounded 20197 yrs activeHerrmann-Debrouxlaan 54, 1160 Oudergem, BelgiumKBO/BCE: BE 0730.869.165

LR Technologies Belgium has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €63k and a net result of €-53k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 50% of 4599 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).

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Checked score

Score 2024

53 / 100

Fair

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0▼-90

Solvency74▼-23

Growth78=

Track record100

Bankruptcy probability, 12 months

1.0% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €3k at 30 days acceptable

Liquidity ample (current ratio 1.87 against 3.41 in 2023; short-term debt: 51.3% and cash: 53.1% of total assets), but 51.3% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 70

Relative position

BE, all sectors

reference

Sector 70

lower

← fewer bankruptcies more bankruptcies →

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

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

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 2024

Solvency, return and age of the figures

Solvency

48.7%

Return on assets

-41.4%

Age of the figures

21 mo

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

A punctual record breaks

This company filed 4 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-09-2025, 53 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.

NBB · 5 filings

Deviation from the deadline

2025

not confirmed

2024

53 d late

2023

9 d early

2022

110 d early

2021

131 d early

2020

39 d early

← before the deadline after the deadline →

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

Financials · fiscal year 2024, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€-53k

2023 · €28k

2020: €-297k 2021: €-16k 2022: €100k 2023: €28k

2020 → 2024

Working capital

€58k▼ 48.1%

2023 · €111k

2020: €-8k 2021: €-23k 2022: €83k 2023: €111k

2020 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€4k-€-12k€88k€116k▲ 31.7%€63k▼ 46.0%

Operating result€-294k-€-14k▲ 95.3%€102k€32k▼ 69.2%€-50k

Net result€-297k-€-16k▲ 94.6%€100k€28k▼ 72.1%€-53k

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2024: a loss of €50k after €32k in 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €129k

96.1%

Fixed assets €5k▲ 2.3%

Current assets €124k▼ 21.2%

Equity and liabilities €129k

48.7%

51.3%

Equity €63k▼ 46.0%

Debt €66k▲ 43.7%

The debt ratio rises from 28.4% to 51.3%. Equity is lower and debt is higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€-50k▼

2023 · €32k

Cash flow

€-53k▼

2023 · €28k

Solvency

48.7%▼

2023 · 71.6%

Current ratio

1.87▼

2023 · 3.41

Quick ratio

1.87▼

2023 · 3.41

Debt / equity

1.06▲

2023 · 0.40

ROE

-85.1%▼

2023 · 24.1%

ROA

-41.4%▼

2023 · 17.2%

Interest coverage

-16.31▼

2023 · 10.68

Debt

€66k▲

2023 · €46k

Debt ≤ 1 year

€66k▲

2023 · €46k

Staff costs

€155k▼

2023 · €159k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€162k€129k▼

Fixed assets21/28€5k€5k▲

Tangible fixed assets22/27€77-

Furniture and vehicles24€77-

Financial fixed assets28€5k€5k▲

Current assets29/58€157k€124k▼

Amounts receivable within one year40/41€58k€55k▼

Trade receivables40€55k€40k▼

Other amounts receivable41€3k€15k▲

Cash at bank and in hand54/58€99k€68k▼

Deferred charges and accrued income490/1€378€378=

Equity and liabilities

Total equity and liabilities10/49€162k€129k▼

Equity10/15€116k€63k▼

Contributions10/11€302k€302k=

Capital10€302k€302k=

Issued capital100€302k€302k=

Profit (loss) carried forward14€-185k€-239k▼

Amounts payable17/49€46k€66k▲

Amounts payable within one year42/48€46k€66k▲

Trade debts44€21k€33k▲

Suppliers440/4€21k€33k▲

Taxes, remuneration and social security45€25k€33k▲

Taxes450/3€12k€4k▼

Remuneration and social security454/9€13k€28k▲

Income statement Code20232024

Remuneration, social security and pensions62€159k€155k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€460€77▼

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€16k

Other operating charges640/8€1k€1k▼

Gross operating margin9900€192k€122k▼

Operating profit (loss)9901€32k€-50k▼

Financial charges65/66B€3k€3k▲

Recurring financial charges65€3k€3k▲

Profit (loss) for the period before taxes9903€29k€-53k▼

Income taxes67/77€558-

Profit (loss) for the period9904€28k€-53k▼

Profit (loss) for the period to be appropriated9905€28k€-53k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-185k€-239k▼

Profit (loss) brought forward from the previous period14P€-213k€-185k▲

Social balance

Average headcount (FTE)90873.12.6▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 8Financial 3Filings 5

2025

22-09

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 53 days late

2024

22-07

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

31-12

Financial Equity above €100kEq €116k ▲31.7%

2 profitable years in a row build equity to €116k.

12-04

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

31-12

Financial Back to profitnet €100k

Net result €100k after 2 loss-making years.

31-12

Financial Liquidity triplescurrent ratio 2.96

Current ratio from 0.88 to 2.96; short-term debt falls from €186k to €42k.

22-03

NBB filing Annual accounts filed

fiscal year 2021 · full schema

2021

22-06

NBB filing Annual accounts filed

fiscal year 2020 · full schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Oudergem · 2 establishment units since 2019

establishment approximate All 2 establishment units on the map

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.

Herrmann-Debrouxlaan 541160 Oudergem

Ground area

1.5 ha

Building footprint

3,054 m²

Volume, LiDAR

72,260 m³

3 parcels, Brussels, Wallonia · tallest building 38.1 m, ±9 floors. Linked by address, not a title deed.

2 establishment units

LR Technologies Belgium

Place de l'Université 16, 1348 Ottignies-Louvain-la-NeuveBusiness consulting

since 20192.294.166.596

LR Technologies Belgium

Louizalaan 523, 1050 BrusselActivities of head offices

since 20192.295.610.314

3 parcels

Wallonia 1 (33.3%) Brussels 2 (66.7%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
25386B0122/00R004	Wallonia	7,285 m²	1 · 26 m²	6.0 m · 2 fl.
21332B0081/00H002	Brussels	3,929 m²	1 · 1,150 m²	30.4 m · 9 fl.
21822R0226/00W011	Brussels	3,529 m²	1 · 1,878 m²	38.1 m · 7 fl.