LRB
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 29-04-2026 PDF all 37 filings
Turnover
≈ €2.0m
Estimated: probably between €1.4m and €3.3m
Total assets
€4.2m▲ 4.9%
2024 · €4.0m
Net result
€602,321▼ 37.5%
2024 · €963,588
Working capital
€2.2m▲ 6.9%
2024 · €2.0m
In the rankings
#3 company by total assets in Westerlo, Other services sector#4 company by equity in Westerlo, Other services sector#4 oldest company in Westerlo, Other services sector
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€801,262
▼ 37.8%
2025
20192025
Net result
€602,321
▼ 37.5%
2025
highest quarter of the sector
20192025
Equity
€2.4m
▲ 4.4%
2025
highest quarter of the sector
20192025
Total assets
€4.2m
▲ 4.9%
2025
highest quarter of the sector
20192025
Debt
€1.7m
▲ 5.6%
2025
20192025
Working capital
€2.2m
▲ 6.9%
2025
highest quarter of the sector
20192025
Solvency
58.6%
▼ 0.3pp
2025
middle half of the sector
20192025
Current ratio
2.25
▲ 0.02
2025
middle half of the sector
20192025
Return on assets (ROA)
14.4%
▼ 9.8pp
2025
highest quarter of the sector
20192025
Staff (FTE)
4.7
▲ 9.3%
2025
middle half of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€0.9m-€0.6m▼ 29.5%€0.8m▲ 22.8%€0.8m▲ 6.5%€1.0m▲ 22.4%€1.3m▲ 29.0%€0.8m▼ 37.8%
Net result€0.6m-€0.4mabove the sector's middle half▼ 28.9%€0.6mabove the sector's middle half▲ 26.0%€0.6mabove the sector's middle half▲ 7.9%€0.7mabove the sector's middle half▲ 22.4%€1.0mabove the sector's middle half▲ 30.0%€0.6mabove the sector's middle half▼ 37.5%
Equity€1.7m-€2.2mabove the sector's middle half▲ 25.8%€2.1mabove the sector's middle half▼ 1.8%€2.1mabove the sector's middle half▲ 0.3%€2.2mabove the sector's middle half▲ 1.9%€2.3mabove the sector's middle half▲ 7.5%€2.4mabove the sector's middle half▲ 4.4%
Total assets€2.7m-€2.6mabove the sector's middle half▼ 1.3%€3.0mabove the sector's middle half▲ 15.7%€3.0mabove the sector's middle half▲ 0.5%€3.8mabove the sector's middle half▲ 24.1%€4.0mabove the sector's middle half▲ 5.5%€4.2mabove the sector's middle half▲ 4.9%
Debt€0.9m-€0.4m▼ 51.9%€0.9m▲ 101%€0.9m▲ 1.0%€1.6m▲ 76.6%€1.6m▲ 2.8%€1.7m▲ 5.6%
Working capital€1.6m-€2.0mabove the sector's middle half▲ 26.2%€2.0mabove the sector's middle half▲ 0.9%€2.0mabove the sector's middle half▼ 0.9%€1.9mabove the sector's middle half▼ 1.6%€2.0mabove the sector's middle half▲ 4.3%€2.2mabove the sector's middle half▲ 6.9%
Solvency65.1%-83.0%above the sector's middle half▲ 17.9pp70.5%above the sector's middle half▼ 12.5pp70.3%above the sector's middle half▼ 0.1pp57.8%within the sector's middle half▼ 12.6pp58.9%within the sector's middle half▲ 1.1pp58.6%within the sector's middle half▼ 0.3pp
Current ratio3.04-7.20above the sector's middle half▲ 4.173.50above the sector's middle half▼ 3.713.36above the sector's middle half▼ 0.142.24within the sector's middle half▼ 1.112.24within the sector's middle half▼ 0.012.25within the sector's middle half▲ 0.02
Return on assets (ROA)23.6%-17.0%above the sector's middle half▼ 6.6pp18.6%above the sector's middle half▲ 1.5pp19.9%above the sector's middle half▲ 1.4pp19.6%above the sector's middle half▼ 0.3pp24.2%above the sector's middle half▲ 4.6pp14.4%above the sector's middle half▼ 9.8pp
Staff (FTE)5.9-7.1within the sector's middle half▲ 20.3%6within the sector's middle half▼ 15.5%4.1within the sector's middle half▼ 31.7%2.8within the sector's middle half▼ 31.7%4.3within the sector's middle half▲ 53.6%4.7within the sector's middle half▲ 9.3%
above
within
below
The sector band is the middle half of the companies in Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 38% lower than in 2024.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.2m
Fixed assets
€279,457 ▼ 12.1%
Current assets
€3.9m ▲ 6.3%
Equity and liabilities €4.2m
Equity
€2.4m ▲ 4.4%
Debt
€1.7m ▲ 5.6%
Debt's share of the balance-sheet total rises from 41.1% to 41.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€876,751▼
2024 · €1.4m
Cash flow
€677,810▼
2024 · €1.0m
Quick ratio
1.97▲
2024 · 1.93
Debt to equity
0.71▲
2024 · 0.70
ROE
24.6%▼
2024 · 41.1%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€1.7m▲
2024 · €1.6m
Income taxes
€202,067▼
2024 · €329,084
Staff costs
€285,718▲
2024 · €202,955
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 5 | 4 | 3 | 5 | 4 |
| full-time | 4 | 2 | 2 | 4 | 4 |
| part-time | 1 | 2 | 1 | 1 | - |
| in full-time equivalents | 4.8 | 3.6 | 2.8 | 4.8 | 4 |
| Average over the year, in full-time equivalents | 6 | 4.1 | 2.8 | 4.3 | 4.7 |
| On a permanent contract | 3 | 3 | 2 | 4 | - |
| Joined | 1 | 3 | 0 | 3 | 1 |
| Left | 2 | 4 | 1 | 1 | 2 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €26,706 | €101,357 | €113,196 | €116,063 | €41,701 |
| Depreciation and write-downs of the year | €112,623 | €108,113 | €72,116 | €69,538 | €75,489 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2025 · 5 entries · €31,308 awarded · €6,308 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €25,000 | €0 |
| 2024 | 2 | €2,172 | €2,172 |
| 2023 | 1 | €554 | €554 |
| 2022 | 1 | €3,582 | €3,582 |
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €0.009m | €0.006m | €0.002m | €0.02m | €0.01m | ▼ 31.1% |
| Remuneration, social security and pensions62 | - | - | €0.3m | €0.2m | €0.2m | €0.2m | €0.3m | ▲ 40.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.1m | €0.1m | €0.1m | €0.1m | €0.07m | €0.07m | €0.08m | ▲ 8.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | €0.006m | - | - |
| Other operating charges640/8 | - | - | €0.003m | €0.003m | €0.004m | €0.004m | €0.004m | ▼ 14.9% |
| Non-recurring operating charges66A | - | - | €418 | €488 | €375 | €0.001m | €0.001m | ▼ 3.4% |
| Gross operating margin9900 | €1.3m | €1.1m | €1.1m | €1.2m | €1.3m | €1.6m | €1.2m | ▼ 25.8% |
| Operating profit (loss)9901 | €0.9m | €0.6m | €0.8m | €0.8m | €1.0m | €1.3m | €0.8m | ▼ 37.8% |
| Financial income75/76B | - | - | €37 | €213 | €0.003m | €0.008m | €0.008m | ▲ 1.7% |
| Recurring financial income75 | €0.008m | €0.006m | €37 | €213 | €0.003m | €0.008m | €0.008m | ▲ 1.7% |
| Financial charges65/66B | - | - | €0.01m | €0.01m | €0.005m | €0.004m | €0.005m | ▲ 26.8% |
| Recurring financial charges65 | €0.006m | €0.007m | €0.01m | €0.01m | €0.005m | €0.004m | €0.005m | ▲ 26.8% |
| Profit (loss) for the period before taxes9903 | €0.9m | €0.6m | €0.8m | €0.8m | €1.0m | €1.3m | €0.8m | ▼ 37.8% |
| Income taxes67/77 | €0.3m | €0.2m | €0.2m | €0.2m | €0.3m | €0.3m | €0.2m | ▼ 38.6% |
| Profit (loss) for the period9904 | €0.6m | €0.4m | €0.6m | €0.6m | €0.7m | €1.0m | €0.6m | ▼ 37.5% |
| Transfer from tax-exempt reserves789 | - | - | €0.02m | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €0.6m | €0.4m | €0.6m | €0.6m | €0.7m | €1.0m | €0.6m | ▼ 37.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €2.7m | €2.6m | €3.0m | €3.0m | €3.8m | €4.0m | €4.2m | ▲ 4.9% |
| Fixed assets21/28 | €0.3m | €0.3m | €0.2m | €0.2m | €0.3m | €0.3m | €0.3m | ▼ 12.1% |
| Tangible fixed assets22/27 | €0.3m | €0.3m | €0.2m | €0.2m | €0.3m | €0.3m | €0.3m | ▼ 12.3% |
| Land and buildings22 | - | - | - | €0.02m | €0.03m | €0.03m | €0.02m | ▼ 12.1% |
| Plant, machinery and equipment23 | - | - | €0.02m | €0.02m | €0.009m | €0.004m | €0.006m | ▲ 79.6% |
| Furniture and vehicles24 | - | - | €0.08m | €0.07m | €0.1m | €0.2m | €0.1m | ▼ 25.5% |
| Other tangible fixed assets26 | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 7.1% |
| Financial fixed assets28 | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | = |
| Current assets29/58 | €2.3m | €2.3m | €2.8m | €2.8m | €3.5m | €3.7m | €3.9m | ▲ 6.3% |
| Stocks and contracts in progress3 | €0.3m | €0.3m | €0.4m | €0.5m | €0.6m | €0.5m | €0.5m | ▼ 1.1% |
| Stocks30/36 | - | - | €0.4m | €0.5m | €0.6m | €0.5m | €0.5m | ▼ 1.1% |
| Amounts receivable within one year40/41 | €0.5m | €0.6m | €1.0m | €0.3m | €1.2m | €1.2m | €1.2m | ▲ 0.3% |
| Trade receivables40 | - | - | €0.3m | €0.2m | €0.5m | €0.5m | €0.4m | ▼ 10.0% |
| Other amounts receivable41 | - | - | €0.7m | €0.08m | €0.7m | €0.7m | €0.7m | ▲ 7.4% |
| Current investments50/53 | €0.3m | €0.3m | €0.5m | €0.5m | €0.5m | €0.8m | €1.5m | ▲ 93.2% |
| Cash at bank and in hand54/58 | €1.2m | €1.1m | €0.9m | €1.5m | €1.2m | €1.2m | €0.8m | ▼ 38.2% |
| Deferred charges and accrued income490/1 | - | - | €0.02m | €0.02m | €0.02m | €0.03m | €0.02m | ▼ 13.9% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €2.7m | €2.6m | €3.0m | €3.0m | €3.8m | €4.0m | €4.2m | ▲ 4.9% |
| Equity10/15 | €1.7m | €2.2m | €2.1m | €2.1m | €2.2m | €2.3m | €2.4m | ▲ 4.4% |
| Contributions10/11 | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Capital10 | - | - | €0.02m | - | - | - | - | - |
| Issued capital100 | - | - | €0.02m | - | - | - | - | - |
| Reserves13 | €1.7m | €2.2m | €2.1m | €2.1m | €2.2m | €2.3m | €2.4m | ▲ 4.4% |
| Non-distributable reserves130/1 | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Legal reserve130 | - | - | €0.002m | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Distributable reserves133 | - | - | €2.1m | €2.1m | €2.2m | €2.3m | €2.4m | ▲ 4.4% |
| Amounts payable17/49 | €0.9m | €0.4m | €0.9m | €0.9m | €1.6m | €1.6m | €1.7m | ▲ 5.6% |
| Amounts payable after more than one year17 | €0.2m | €0.1m | €0.1m | €0.06m | €0.03m | - | - | - |
| Financial debts170/4 | - | - | €0.1m | €0.06m | €0.03m | - | - | - |
| Amounts payable within one year42/48 | €0.8m | €0.3m | €0.8m | €0.8m | €1.6m | €1.6m | €1.7m | ▲ 5.6% |
| Current portion of amounts payable after more than one year42 | - | - | €0.03m | €0.03m | €0.03m | €0.03m | - | - |
| Trade debts44 | €0.1m | €0.2m | €0.1m | €0.2m | €0.2m | €0.08m | €0.1m | ▲ 28.6% |
| Suppliers440/4 | - | - | €0.1m | €0.2m | €0.2m | €0.08m | €0.1m | ▲ 28.6% |
| Taxes, remuneration and social security45 | - | - | €0.06m | €0.02m | €0.02m | €0.1m | €0.06m | ▼ 43.7% |
| Taxes450/3 | - | - | €0.03m | €0.009m | €0.005m | €0.09m | €0.04m | ▼ 58.1% |
| Remuneration and social security454/9 | - | - | €0.03m | €0.02m | €0.02m | €0.02m | €0.02m | ▲ 16.7% |
| Other amounts payable47/48 | - | - | €0.6m | €0.6m | €1.3m | €1.4m | €1.6m | ▲ 10.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.6m | €0.4m | €0.6m | €0.6m | €0.7m | €1.0m | €0.6m | ▼ 37.5% |
| + Depreciation and write-downs630 | €0.1m | €0.1m | €0.1m | €0.1m | €0.07m | €0.07m | €0.08m | ▲ 8.6% |
| Operating cash flow (approximation) | €0.7m | €0.6m | €0.7m | €0.7m | €0.8m | €1.0m | €0.7m | ▼ 34.4% |
| Investment in fixed assets (approximation) | - | -€0.1m | -€0.03m | -€0.1m | -€0.1m | -€0.1m | -€0.04m | ▲ 68.2% |
| Change in cash | - | -€0.09m | -€0.2m | €0.6m | -€0.3m | -€0.02m | -€0.5m | ▼ 2,655% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 31,368 companies had the same profile as LRB has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
93.5%
was still going
5.9%
stopped otherwise
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LRB itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for LRB. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 37 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | abbreviated format | 29-04-2026 | 2026-00098266 | |
| 30-09-2024 | abbreviated format | 22-05-2025 | 2025-00104502 | |
| 30-09-2023 | abbreviated format | 09-05-2024 | 2024-00085189 | |
| 30-09-2022 | abbreviated format | 05-05-2023 | 2023-00081860 | |
| 30-09-2021 | abbreviated format | 29-05-2022 | 2022-20045069 | |
| 30-09-2020 | abbreviated format | 28-05-2021 | 2021-15700464 | |
| 30-09-2019 | abbreviated format | 29-05-2020 | 2020-13600525 | |
| 30-09-2018 | abbreviated format | 21-05-2019 | 2019-13900020 | |
| 30-09-2017 | abbreviated format | 30-04-2018 | 2018-11700232 | |
| 30-09-2016 | abbreviated format | 29-05-2017 | 2017-13500359 |