LRC SAFETY

Active

Private limited companyfounded 201213 yrs activeKunstlaan 56, 1000 Brussel, BelgiumKBO/BCE: BE 0849.246.084

The computed 12-month bankruptcy probability of LRC SAFETY is 1.8% (moderate). The 2024 annual accounts show equity of €54k and a net result of €30k. Equity is growing by ~5.6% per year across the filed fiscal years. Its solvency ranks better than 54% of 36373 sector peers (fiscal year 2024). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

59 / 100

Fair

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100=

Solvency75▲+3

Growth78=

Track record100

Bankruptcy probability, 12 months

1.8% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €3k at 30 days only on tighter terms

Liquidity ample (current ratio 1.85 against 1.74 in 2023; short-term debt: 49.8% and cash: 54.1% of total assets), and 49.8% 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

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

−lowers risk+raises risk○neutral

Higher-failure-rate sector

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

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

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

KBO · registered office

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

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

50.2%

Return on assets

27.7%

Age of the figures

21 mo

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-11-2025, 106 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

106 d late

2023

57 d late

2022

64 d late

2021

121 d late

2020

86 d late

2019

115 d late

← 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, micro schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€30k▼ 10.5%

2023 · €33k

2018: €9k 2019: €23k 2020: €21k 2021: €31k 2022: €-21k 2023: €33k

2018 → 2024

Working capital

€46k▲ 1.7%

2023 · €45k

2018: €-2k 2019: €33k 2020: €54k 2021: €66k 2022: €101k 2023: €45k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€62k-€73k▲ 18.4%€53k▼ 27.9%€53k▲ 0.6%€54k▲ 1.6%

Operating result€20k-€32k▲ 60.9%€-27k€34k€35k▲ 1.4%

Net result€21k-€31k▲ 51.2%€-21k€33k€30k▼ 10.5%

Result per fiscal year

Operating resultNet result

After the dip in 2022 the operating result has climbed two years in a row; 2024 is 1% above 2023 and is the highest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €108k

92.3%

Fixed assets €8k▲ 0.6%

Current assets €100k▼ 5.9%

Equity and liabilities €108k

50.2%

49.8%

Equity €54k▲ 1.6%

Debt €54k▼ 11.5%

The debt ratio falls from 53.3% to 49.8%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€35k▲

2023 · €35k

Cash flow

€30k▼

2023 · €34k

Solvency

50.2%▲

2023 · 46.7%

Current ratio

1.85▲

2023 · 1.74

Quick ratio

1.85▲

2023 · 1.74

Debt / equity

0.99▼

2023 · 1.14

ROE

55.1%▼

2023 · 62.6%

ROA

27.7%▼

2023 · 29.3%

Interest coverage

81.43▲

2023 · 31.92

Debt

€54k▼

2023 · €61k

Debt ≤ 1 year

€54k▼

2023 · €61k

Income taxes

€5k

Staff costs

€275k▲

2023 · €266k

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€114k€108k▼

Fixed assets21/28€8k€8k▲

Tangible fixed assets22/27€348€394▲

Furniture and vehicles24€348€394▲

Financial fixed assets28€8k€8k=

Current assets29/58€106k€100k▼

Amounts receivable within one year40/41€90k€41k▼

Trade receivables40€87k€38k▼

Other amounts receivable41€3k€3k▼

Cash at bank and in hand54/58€10k€58k▲

Deferred charges and accrued income490/1€6k-

Equity and liabilities

Total equity and liabilities10/49€114k€108k▼

Equity10/15€53k€54k▲

Contributions10/11€19k€19k=

Capital10€19k€19k=

Issued capital100€19k€19k=

Reserves13€2k€2k=

Non-distributable reserves130/1€2k€2k=

Legal reserve130€2k€2k=

Profit (loss) carried forward14€33k€34k▲

Amounts payable17/49€61k€54k▼

Amounts payable within one year42/48€61k€54k▼

Current portion of amounts payable after more than one year42€0-

Trade debts44€28k€23k▼

Suppliers440/4€28k€23k▼

Taxes, remuneration and social security45€0-

Taxes450/3€0-

Remuneration and social security454/9€0-

Other amounts payable47/48€33k€30k▼

Accrued charges and deferred income492/3€0-

Income statement Code20232024

Goods, raw materials, services and sundry goods60/61€1.07M-

Remuneration, social security and pensions62€266k€275k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€265€274▲

Other operating charges640/8€823€1k▲

Gross operating margin9900€302k€312k▲

Operating profit (loss)9901€34k€35k▲

Financial charges65/66B€1k€432▼

Recurring financial charges65€1k€432▼

Profit (loss) for the period before taxes9903€33k€34k▲

Income taxes67/77-€5k

Profit (loss) for the period9904€33k€30k▼

Profit (loss) for the period to be appropriated9905€33k€30k▼

Appropriation of the result

Profit (loss) to be appropriated9906€66k€63k▼

Profit (loss) brought forward from the previous period14P€32k€33k▲

Profit to be distributed694/7€33k€29k▼

Directors or managers695€33k€29k▼

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 12Financial 2Filings 10

2025

14-11

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 106 days late

2024

26-09

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 57 days late

2023

31-12

Financial Back to profitnet €33k

Net result €33k after one loss-making year.

03-10

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 64 days late

2022

31-12

Financial Weakest financial yearnet €-21k ▼165%

Net result drops to €-21k, the lowest in the series; recovery starts the following year.

29-11

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 121 days late

2021

25-10

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 86 days late

2020

23-11

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 115 days late

2019

24-10

NBB filing Annual accounts filed

fiscal year 2018 · full schema · 85 days late

2018

28-09

NBB filing Annual accounts filed

fiscal year 2017 · full schema · 59 days late

02-01

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 155 days late

2016

21-12

NBB filing Annual accounts filed

fiscal year 2015 · full schema · 143 days late

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

Directors · office · real estate

Directors

10 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, Brussel · 1 establishment unit since 2012

establishment The establishment unit 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.

Kunstlaan 561000 Brussel

Ground area

5,728 m²

Building footprint

3,251 m²

Volume, LiDAR

82,385 m³