LVL Trailers
ActiveSummary
The computed 12-month bankruptcy probability of LVL Trailers is 1.8% (moderate). The 2024 annual accounts show equity of €34,186 and a net result of €10,724. Equity is growing by ~22.5% per year across the filed fiscal years. Its solvency ranks better than 25% of 15862 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability38▲+2
Solvency31=
Growth52=
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.67 against 1.0 in 2023; short-term debt: 53.7% and cash: 1.5% of total assets), and 94.2% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · 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 2024Solvency, return and age of the figures
Solvency
5.8%
Return on assets
1.8%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 15862 sector peers (2024).
NBB · sector comparisonPosition among 15862 sector peers
Solvency
better than 25%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
19 d late
2022
41 d early
2021
30 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 17 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€34,186▲ 45.7%
2023 · €23,462
Total assets
€593,258▲ 62.3%
2023 · €365,615
Net result
€10,724
2023 · -€7,041
Working capital
-€104,328
2023 · €744
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220232024
Operating result€16,442-€19,313▲ 17.5%€5,821▼ 69.9%€29,972▲ 415%
Net result€11,772-€13,731▲ 16.6%-€7,041€10,724
Equity€16,772-€30,503▲ 81.9%€23,462▼ 23.1%€34,186▲ 45.7%
Total assets€128,760-€196,896▲ 52.9%€365,615▲ 85.7%€593,258▲ 62.3%
Debt€111,988-€166,393▲ 48.6%€342,154▲ 106%€559,072▲ 63.4%
Working capital€10,927-€21,007▲ 92.3%€744▼ 96.5%-€104,328
Staff (FTE)0.9
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2024 Total assets +62% on 2023. Cause not known from the registers.
- 2023 Total assets +86% on 2022. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 415% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €593,258
Fixed assets
€378,735 ▲ 145%
Current assets
€214,523 ▲ 1.5%
Equity and liabilities €593,258
Equity
€34,186 ▲ 45.7%
Debt
€559,072 ▲ 63.4%
Debt's share of the balance-sheet total rises from 93.6% to 94.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€37,790▲
2023 · €28,637
Cash flow
€18,543▲
2023 · €15,774
Current ratio
0.67▼
2023 · 1.00
Quick ratio
0.34▼
2023 · 0.48
Debt to equity
16.35▲
2023 · 14.58
ROE
31.4%▲
2023 · -30.0%
ROA
1.8%▲
2023 · -1.9%
Interest coverage
2.07▼
2023 · 2.36
Debt ≤ 1 year
€318,851▲
2023 · €210,570
Debt > 1 year
€240,221▲
2023 · €131,584
Income taxes
€1,122▲
2023 · €912
Staff costs
€35,436▼
2023 · €44,401
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,600 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Small
- 5 to 10 years old
- solvency under 10%
- a profit under 5% of the balance sheet
1.6%
went bankrupt
1.7%
stopped otherwise
96%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,600 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €1,411 | €44,401 | €35,436 | ▼ 20.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,502 | €3,359 | €22,816 | €7,818 | ▼ 65.7% |
| Other operating charges640/8 | €980 | €3,460 | €1,314 | €2,757 | ▲ 110% |
| Non-recurring operating charges66A | €139 | - | €4,063 | €4,169 | ▲ 2.6% |
| Gross operating margin9900 | €23,063 | €27,542 | €78,414 | €80,152 | ▲ 2.2% |
| Operating profit (loss)9901 | €16,442 | €19,313 | €5,821 | €29,972 | ▲ 415% |
| Financial income75/76B | €1,355 | €99 | €185 | €167 | ▼ 9.8% |
| Recurring financial income75 | €1,355 | €99 | €185 | €167 | ▼ 9.8% |
| Financial charges65/66B | €1,798 | €2,734 | €12,136 | €18,293 | ▲ 50.7% |
| Recurring financial charges65 | €1,798 | €2,734 | €12,136 | €18,293 | ▲ 50.7% |
| Profit (loss) for the period before taxes9903 | €15,999 | €16,677 | -€6,130 | €11,846 | ▲ 293% |
| Income taxes67/77 | €4,227 | €2,946 | €912 | €1,122 | ▲ 23.0% |
| Profit (loss) for the period9904 | €11,772 | €13,731 | -€7,041 | €10,724 | ▲ 252% |
| Profit (loss) for the period to be appropriated9905 | €11,772 | €13,731 | -€7,041 | €10,724 | ▲ 252% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €128,760 | €196,896 | €365,615 | €593,258 | ▲ 62.3% |
| Fixed assets21/28 | €5,845 | €13,818 | €154,301 | €378,735 | ▲ 145% |
| Tangible fixed assets22/27 | €5,845 | €13,818 | €154,301 | €378,735 | ▲ 145% |
| Land and buildings22 | - | - | €136,983 | €136,983 | = |
| Plant, machinery and equipment23 | €1,584 | €13,356 | €16,223 | €21,652 | ▲ 33.5% |
| Furniture and vehicles24 | €4,261 | €462 | €1,095 | €22,635 | ▲ 1,967% |
| Assets under construction and advance payments27 | - | - | - | €197,465 | - |
| Current assets29/58 | €122,915 | €183,078 | €211,314 | €214,523 | ▲ 1.5% |
| Stocks and contracts in progress3 | €52,272 | €51,340 | €109,901 | €104,766 | ▼ 4.7% |
| Stocks30/36 | €52,272 | €51,340 | €109,901 | €104,766 | ▼ 4.7% |
| Amounts receivable within one year40/41 | €18,475 | €129,748 | €82,505 | €99,230 | ▲ 20.3% |
| Trade receivables40 | €18,475 | €129,748 | €82,505 | €99,230 | ▲ 20.3% |
| Cash at bank and in hand54/58 | €51,617 | €1,990 | €18,908 | €8,850 | ▼ 53.2% |
| Deferred charges and accrued income490/1 | €550 | - | - | €1,678 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €128,760 | €196,896 | €365,615 | €593,258 | ▲ 62.3% |
| Equity10/15 | €16,772 | €30,503 | €23,462 | €34,186 | ▲ 45.7% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | €11,772 | €25,503 | €18,462 | €29,186 | ▲ 58.1% |
| Amounts payable17/49 | €111,988 | €166,393 | €342,154 | €559,072 | ▲ 63.4% |
| Amounts payable after more than one year17 | - | €4,322 | €131,584 | €240,221 | ▲ 82.6% |
| Financial debts170/4 | - | €4,322 | €131,584 | €240,221 | ▲ 82.6% |
| Amounts payable within one year42/48 | €111,988 | €162,071 | €210,570 | €318,851 | ▲ 51.4% |
| Current portion of amounts payable after more than one year42 | €13,274 | €1,853 | €8,621 | €17,900 | ▲ 108% |
| Financial debts43 | - | €54,760 | €95,000 | €110,000 | ▲ 15.8% |
| Credit institutions430/8 | - | €54,760 | €95,000 | €110,000 | ▲ 15.8% |
| Trade debts44 | €45,304 | €40,185 | €43,439 | €131,663 | ▲ 203% |
| Suppliers440/4 | €45,304 | €40,185 | €43,439 | €131,663 | ▲ 203% |
| Taxes, remuneration and social security45 | €17,236 | €39,497 | €37,861 | €34,187 | ▼ 9.7% |
| Taxes450/3 | €16,151 | €38,412 | €28,580 | €23,812 | ▼ 16.7% |
| Remuneration and social security454/9 | €1,085 | €1,085 | €9,280 | €10,374 | ▲ 11.8% |
| Other amounts payable47/48 | €36,174 | €25,776 | €25,650 | €25,101 | ▼ 2.1% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,772 | €13,731 | -€7,041 | €10,724 | ▲ 252% |
| + Depreciation and write-downs630 | €5,502 | €3,359 | €22,816 | €7,818 | ▼ 65.7% |
| Operating cash flow (approximation) | €17,274 | €17,089 | €15,774 | €18,543 | ▲ 17.5% |
| Investment in fixed assets (approximation) | - | -€11,331 | -€163,299 | -€232,252 | ▼ 42.2% |
| Change in cash | - | -€49,628 | €16,918 | -€10,058 | ▼ 159% |
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
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Back to profitnet €10,724
Net result €10,724 after one loss-making year.
19-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 19 days late
2023
31-12
Financial
Weakest financial yearnet -€7,041
Net result drops to -€7,041, the lowest in the series; recovery starts the following year.
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2021net €13,731 ▲16.6%
Net result €13,731, the highest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Ouffet · 1 establishment unit since 2020
Ground area
1,966 m²
Parcel 61048I0117/00B003, Wallonia. Linked by address, not a title deed.
1 establishment unit
LVL Trailers
since 20202.304.878.267
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61048I0117/00B003 | Wallonia | 1,965 m² | - | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 338 companies in sector 46713 we hold annual accounts for 204. 101 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
Founded16-07-2020
Fiscal year end31-12
Activities, NACEBEL 2025
46713Wholesale trade
46712Wholesale trade
47820Retail sale of motor vehicle parts and accessories
46610Wholesale trade
77120Rental and leasing activities
77320Rental and leasing activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0750757531
Also
9925:BE0750757531
Registered
10-11-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.