Lybaert & Partners
ActiveLybaert & Partners has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €405k and a net result of €31k. Equity is growing by ~7.3% per year across the filed fiscal years. Its solvency ranks better than 77% of 14009 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
82
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▼-2
Solvency93▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity short (current ratio 0.63 against 0.49 in 2024; short-term debt: 26.9% and cash: 13.1% of total assets), and 31.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
68.1%
Return on assets
5.2%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-06-2026, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
51 d early
2024
31 d early
2023
on the day
2022
28 d early
2021
on the day
2020
31 d late
2019
49 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€405k▲ 6.7%
2024 · €380k
2018: €244k
2019: €256k
2020: €273k
2021: €318k
2022: €361k
2023: €372k
2024: €380k
2018 → 2025
Total assets
€595k▲ 0.7%
2024 · €591k
2018: €615k
2019: €614k
2020: €617k
2021: €605k
2022: €614k
2023: €600k
2024: €591k
2018 → 2025
Net result
€31k▼ 17.2%
2024 · €38k
2018: €875
2019: €13k
2020: €17k
2021: €45k
2022: €43k
2023: €41k
2024: €38k
2018 → 2025
Working capital
€-59k▲ 34.8%
2024 · €-90k
2018: €-151k
2019: €-177k
2020: €-119k
2021: €-109k
2022: €-99k
2023: €-93k
2024: €-90k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€318k-€361k▲ 13.6%€372k▲ 3.1%€380k▲ 2.1%€405k▲ 6.7%
Operating result€75k-€73k▼ 3.6%€70k▼ 3.4%€69k▼ 2.1%€56k▼ 18.0%
Net result€45k-€43k▼ 3.1%€41k▼ 4.2%€38k▼ 8.9%€31k▼ 17.2%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2025 is 18% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €595k
Fixed assets
€494k▼ 2.1%
Current assets
€101k▲ 17.1%
Equity and liabilities €595k
Equity
€405k▲ 6.7%
Debt
€190k▼ 10.1%
The debt ratio falls from 35.7% to 31.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€70k▼
2024 · €82k
Cash flow
€45k▼
2024 · €51k
Solvency
68.1%▲
2024 · 64.3%
Current ratio
0.63▲
2024 · 0.49
Quick ratio
0.63▲
2024 · 0.49
Debt / equity
0.47▼
2024 · 0.56
ROE
7.7%▼
2024 · 9.9%
ROA
5.2%▼
2024 · 6.4%
Interest coverage
6.77▲
2024 · 6.75
Debt
€190k▼
2024 · €211k
Debt ≤ 1 year
€160k▼
2024 · €177k
Debt > 1 year
€23k▼
2024 · €33k
Income taxes
€13k▼
2024 · €19k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€591k€595k▲
Fixed assets21/28€504k€494k▼
Tangible fixed assets22/27€504k€494k▼
Land and buildings22€496k€486k▼
Plant, machinery and equipment23€7k€7k▲
Furniture and vehicles24€523€281▼
Financial fixed assets28€95€50▼
Current assets29/58€87k€101k▲
Amounts receivable within one year40/41€21k€21k▲
Trade receivables40€21k€13k▼
Other amounts receivable41-€8k
Cash at bank and in hand54/58€64k€78k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€591k€595k▲
Equity10/15€380k€405k▲
Contributions10/11€6k€6k=
Reserves13€373k€399k▲
Distributable reserves133€373k€399k▲
Amounts payable17/49€211k€190k▼
Amounts payable after more than one year17€33k€23k▼
Financial debts170/4€33k€23k▼
Other amounts payable178/9€930€930=
Amounts payable within one year42/48€177k€160k▼
Current portion of amounts payable after more than one year42€22k€14k▼
Financial debts43€105k€105k=
Credit institutions430/8€105k€105k=
Trade debts44€2k€21k▲
Suppliers440/4€2k€21k▲
Taxes, remuneration and social security45€6k€6k▲
Taxes450/3€6k€6k▲
Other amounts payable47/48€43k€14k▼
Accrued charges and deferred income492/3€741€6k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€14k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€26k€13k▼
Other operating charges640/8€13k€13k▲
Gross operating margin9900€120k€97k▼
Operating profit (loss)9901€69k€56k▼
Financial income75/76B€64€692▲
Recurring financial income75€64€692▲
Financial charges65/66B€12k€13k▲
Recurring financial charges65€12k€10k▼
Non-recurring financial charges66B-€3k
Profit (loss) for the period before taxes9903€57k€44k▼
Income taxes67/77€19k€13k▼
Profit (loss) for the period9904€38k€31k▼
Profit (loss) for the period to be appropriated9905€38k€31k▼
Appropriation of the result
Profit (loss) to be appropriated9906€38k€31k▼
Transfer from equity791/2€30k-
Transfer to equity691/2€38k€25k▼
To other reserves6921€38k€25k▼
Profit to be distributed694/7€30k€6k▼
Return on contributions (dividend)694€30k-
Directors or managers695-€6k
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €45k ▲163%
Operating result €75k, net result €45k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
12-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
15-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 46 days late
2018
08-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
11-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Evergem · 1 establishment unit since 1983
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.
Polenstraat 169A9940 EvergemGround area
1,221 m²
Building footprint
306 m²
Volume, LiDAR
1,795 m³
2 parcels, Flanders · tallest building 11.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Polenstraat 169, 9940 Evergem
since 19832.023.565.401
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44066C1150/00D002 | Flanders | 859 m² | 1 · 212 m² | 11.1 m · 2 fl. |
| 44066C1148/00R000 | Flanders | 362 m² | 1 · 94 m² | 9.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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LIP Capital
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Of 12,018 companies in sector 68203 we hold annual accounts for 5,984. 4,422 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-12-1983
Fiscal year end31-12
Activities, NACEBEL
68203Renting and operating of own or leased non-residential real estate, excluding land
64210Activities of holding companies
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 42 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.