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LUBRI GROUP

Active Public limited companyfounded 1981active for 45 yearsRue de l' Est 17, 4800 VerviersKBO/BCE: BE 0421.616.339 subsidiary of B.J.#9 oldest company in the province of Liège, Chemicals sector

Lifetime

20 annual accounts with figures on one time axis, 36 filings since 1981
peak €1.2m (2020)
€521,542▲ 17.1%
lowest -€270,432 (2013)
€139,494▲ 153%
peak €704,740 (2020)
€557,956▲ 33.3%
€511,800▼ 5.5%
peak 9.1 FTE (2020)
5.1 FTEunchanged
Board2 names since 2011
1 directorB.J.
Owners
99.6%B.J.
Documentsfilings and deeds
24-09-202655 days late
2025financial year
Gross margin from €445,454 to €521,542Result from €55,226 to €139,494Equity from €418,462 to €557,956

Key points

from the 2025 annual accounts

Result

€139,494 ▲ 153%
€55,2002024€139,0002025

The result rose in 2025 from €55,226 to €139,494.

Turnover

≈ €1.2m estimated

The accounts state no turnover.

Staff

5.1 FTE from 9.1 in 2020

Between 2020 and 2025, 44% of the full-time equivalents disappeared.

Liquidity

8.35 was 5.73 in 2024

Short-term debts fell from €149,250 to €121,800.

Filings

36 annual accounts since 1981
AprilJune31 JulyOctober199520102025

Four of the last ten came late. The 2025 accounts came latest: 55 days after the end of the period.

Position in the sector

€557,956

Less equity than 85% of companies in chemicals. Sector median €7.4m · 315 companies.

Checked score

93
Excellent
Financially stronger than 73% of micro companies in chemicals (NACE 20)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.5% across 356 companies (NACE 20, micro).

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.7% 01-2025: 0.7%● unchanged vs 12-2024 02-2025: 0.7%● unchanged vs 01-2025 03-2025: 0.7%● unchanged vs 02-2025 04-2025: 0.7%● unchanged vs 03-2025 05-2025: 0.7%● unchanged vs 04-2025 06-2025: 0.7%● unchanged vs 05-2025 07-2025: 0.8%▲ +0.1 percentage points vs 06-2025 08-2025: 1.2%▲ +0.4 percentage points vs 07-2025 09-2025: 1.3%▲ +0.1 percentage points vs 08-2025highest value 10-2025: 0.2%▼ -1.1 percentage points vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.3%▲ +0.1 percentage points vs 06-2026 08-2026: 0.5%▲ +0.2 percentage points vs 07-2026 09-2026: 0.6%▲ +0.1 percentage points vs 08-2026 10-2026: 0.2%▼ -0.4 percentage points vs 09-2026lowest value 11-2026: 0.2%● unchanged vs 10-2026lowest value

Financial strength
Strong

77+8equity 52.2% of total assets
55+3short-term debt 11.4% · cash 5.0%
85+9return on assets 13.0%

Score breakdown

raises risk
Last filed accounts filed 55 days late; 2 of the last 3 accounts late
lowers risk
Founded in 1981
Equity €557,956 (52.2% of total assets)
Size: 5.1 FTE, total assets €1.1m
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 20, micro). It does better than 61% of them on solvency, 61% on liquidity, 83% on profitability and 89% on growth.

The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 31,368 companies had the same profile as LUBRI GROUP has now. Each dot stands for 79 companies, two years later.

93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

Another 0.1% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of LUBRI GROUP itself: 0.2% within 12 months.

Test of the method

The method was tested on the 497,447 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 LUBRI GROUP. 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.

Credit verdict

Credit of up to €50,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 8.35 (5.73 in 2024), above the usual 1.5. Short-term debt is 11.4% and cash 5% of total assets. 47.8% of the assets are financed with debt and provisions.

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises risk
lowers risk · Founded in 1981
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Last filed accounts filed 55 days late; 2 of the last 3 accounts late
NBB · filings
lowers risk · Equity €557,956 (52.2% of total assets)
NBB · annual accounts
lowers risk · Size: 5.1 FTE, total assets €1.1m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · 2025 accounts filed 55 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-09-2026, 55 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
55 days late
2024
42 days late
2023
29 days early
2022
32 days late
2021
5 days early
2020
144 days early
2019
31 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 3 days before the deadline. In the sector (NACE 20), the median for financial year 2024 was 22 days before the deadline, and 26% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 1 September (4 of the last 5 accounts filed within 37 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

BJ
Director, Christian BEAUJEAN, since 31-08-2011
  • B.J. 99.6%score 93equity €565,460 (2025) · 2025 annual accounts of B.J.

Shares in 1 company, BJ SPORTS

Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0421616339
1 director reappointed B.J. SA · Permanent representatives: Laetitia Beaujean and Christophe Beaujean · General meeting of 12-05-2023 · Gazette deed
Merger: LUBRIGROUP takes over BJ SPORTS Appointments: AKKERMANNS épouse BEAUJEAN Dominique (director) and B.J. S.A. (director) · Permanent representative: Christian BEAUJEAN · “L'achat, la vente, la fabrication, l'importation, l'exportation, l'agence, la représentation sous toutes ses…” (deed in French) · General meeting of 22-10-2019 · Gazette deed
Merger proposal: LUBRI GROUP takes over BJ Sports The company holds all the shares of BJ Sports · Gazette deed
All 51 events

Comparable companies

same main activity, similar in size and age
Company
LUBRI GROUP Verviers €1.1m €0.5m 52.2% 5.1
XEON INTERNATIONAL Uccle €1.3m €0.4m 49.4% 4.5
LECOCQ FLAVOURS Zonhoven €1.4m €0.9m 58.6% 6.4
SYNACO Ans €1.2m €0.4m 33.6% 6.8
MICROBELCAPS Liège €0.8m €0.4m 69.5% 4.4
REYNCHEMIE Roeselare €1.8m €0.9m 33.7% 7.8
Chemical Products, R. Borghgraef Forest €2.1m €1.0m 89.3% 9

These companies have the same main activity as LUBRI GROUP: manufacture of chemicals and chemical products (NACE 20590). They are comparable in size and age: total assets between €827,000 and €2.1m, founded between 1968 and 1995.

Official details

Source: KBO
Status
Active since 01-06-1981Normal situation
Activity
Manufacture of chemicals and chemical productsNACE 20590and 3 others
Joint committees
207White-collar workers in the chemical industry
116Chemical industry · annual accounts 2025
Establishment unit
2.018.966.7104800 Verviers, since 01-06-1981
Financial year end
31 December
Peppol
Reachable since 03-07-2025
Company details

Annual accounts 2025

€1.1m▲ 11.4%
Employeeson 31-12-2025
6▼ 45.5%
Filing
Filed on 24-09-2026
Financials

Insights on LUBRI GROUP

LUBRI GROUP has existed since 1981. The gross margin fell from €1.2m in 2020 to €463,782 in 2021.

The gross margin has grown every year since 2022. Solvency rose in 2025 from 43.6% to 52.2% because of the retained profit.

B.J. holds all the shares.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.

Key facts about LUBRI GROUP

What is the company number of LUBRI GROUP?
The company number of LUBRI GROUP is 0421.616.339. The VAT number is the same number with BE in front: BE 0421.616.339.
Where is LUBRI GROUP based?
The registered office is at Rue de l' Est 17, 4800 Verviers.Company details
What does LUBRI GROUP do?
According to the KBO register, the main activity is manufacture of chemicals and chemical products (NACE 20590).
What is the legal form of LUBRI GROUP?
LUBRI GROUP is a public limited company (NV).
When was LUBRI GROUP founded?
LUBRI GROUP was founded on 01-06-1981.
Is LUBRI GROUP still active?
Yes, LUBRI GROUP is an active enterprise in the KBO register.
How many employees does LUBRI GROUP have?
LUBRI GROUP had an average of 5.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does LUBRI GROUP fall under?
In its 2025 annual accounts, LUBRI GROUP states joint committees 207 (White-collar workers in the chemical industry) and 116 (Chemical industry).
What is the turnover of LUBRI GROUP?
The turnover in financial year 2025 is ≈ €1.2m. This figure is estimated from the gross margin of €521,542 and 2,275 comparable companies of the same size. It probably lies between €740,000 and €2.1m. It is a rough estimate.
Is LUBRI GROUP profitable?
In financial year 2025, LUBRI GROUP made a profit of €139,494.
Where can I find the annual accounts of LUBRI GROUP?
LUBRI GROUP filed 36 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of LUBRI GROUP due?
LUBRI GROUP must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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