LifeScan Belgium
ActiveSummary
LifeScan Belgium has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.89M and a net result of €210k. Equity is growing by ~10% per year across the filed fiscal years. Its solvency ranks better than 45% of 9623 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
52
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability47▼-23
Solvency59▲+10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €95k at 30 days only on tighter terms
Liquidity ample (current ratio 1.6 against 1.37 in 2023; short-term debt: 61.7% and cash: 0% of total assets), but 66.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
33.8%
Return on assets
3.8%
Age of the figures
21 mo
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 · 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 01-07-2026, 335 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
335 d late
2023
9 d early
2022
26 d early
2021
39 d early
2020
17 d early
2019
25 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€1.89M▲ 12.5%
2023 · €1.68M
2018: €678k
2019: €1.20M
2020: €1.31M
2021: €1.57M
2022: €1.60M
2023: €1.68M
2018 → 2024
Total assets
€5.60M▼ 21.7%
2023 · €7.16M
2018: €6.76M
2019: €5.75M
2020: €3.63M
2021: €7.48M
2022: €6.19M
2023: €7.16M
2018 → 2024
Net result
€210k▲ 149%
2023 · €84k
2018: €65k
2019: €526k
2020: €106k
2021: €259k
2022: €32k
2023: €84k
2018 → 2024
Working capital
€2.06M▲ 7.0%
2023 · €1.93M
2018: €-2.49M
2019: €-1.25M
2020: €-674k
2021: €513k
2022: €1.34M
2023: €1.93M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.31M-€1.57M▲ 19.8%€1.60M▲ 2.0%€1.68M▲ 5.3%€1.89M▲ 12.5%
Operating result€263k-€541k▲ 106%€175k▼ 67.6%€299k▲ 70.7%€366k▲ 22.5%
Net result€106k-€259k▲ 145%€32k▼ 87.6%€84k▲ 163%€210k▲ 149%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 23% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €5.60M
Fixed assets
€83k ▲ 26.6%
Current assets
€5.52M ▼ 22.2%
Equity and liabilities €5.60M
Equity
€1.89M ▲ 12.5%
Debt
€3.71M ▼ 32.3%
Debt's share of the balance-sheet total falls from 76.5% to 66.2%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
1.60▲
2023 · 1.37
Debt to equity
1.96▼
2023 · 3.25
ROE
11.1%▲
2023 · 5.0%
ROA
3.8%▲
2023 · 1.2%
Debt ≤ 1 year
€3.45M▼
2023 · €5.16M
Income taxes
€57k▼
2023 · €100k
Staff costs
€3.19M▼
2023 · €3.55M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 40 lines
Balance sheet
Code20232024
Assets
Total assets20/58€7.16M€5.60M▼
Fixed assets21/28€66k€83k▲
Financial fixed assets28€66k€83k▲
Current assets29/58€7.09M€5.52M▼
Amounts receivable within one year40/41€7.09M€5.52M▼
Trade receivables40€591k€980k▲
Other amounts receivable41€6.50M€4.54M▼
Cash at bank and in hand54/58-€24
Equity and liabilities
Total equity and liabilities10/49€7.16M€5.60M▼
Equity10/15€1.68M€1.89M▲
Contributions10/11€612k€612k=
Reserves13€3k€3k=
Distributable reserves133€3k€3k=
Profit (loss) carried forward14€1.07M€1.28M▲
Amounts payable17/49€5.47M€3.71M▼
Amounts payable after more than one year17€24k-
Other amounts payable178/9€24k-
Amounts payable within one year42/48€5.16M€3.45M▼
Trade debts44€61k€90k▲
Suppliers440/4€61k€90k▲
Taxes, remuneration and social security45€1.05M€552k▼
Taxes450/3€21k€31k▲
Remuneration and social security454/9€1.03M€521k▼
Other amounts payable47/48€4.05M€2.81M▼
Accrued charges and deferred income492/3€288k€253k▼
Income statement
Code20232024
Remuneration, social security and pensions62€3.55M€3.19M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€569k-
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€90€24k▲
Other operating charges640/8€109€118▲
Gross operating margin9900€4.42M€3.58M▼
Operating profit (loss)9901€299k€366k▲
Financial charges65/66B€115k€100k▼
Recurring financial charges65€115k€100k▼
Profit (loss) for the period before taxes9903€184k€267k▲
Income taxes67/77€100k€57k▼
Profit (loss) for the period9904€84k€210k▲
Profit (loss) for the period to be appropriated9905€84k€210k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.07M€1.28M▲
Profit (loss) brought forward from the previous period14P€984k€1.07M▲
Social balance
Average headcount (FTE)908719.514.3▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 335 days late
2024
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €32k ▼87.6%
Net result drops to €32k, the lowest in the series; recovery starts the following year.
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 25 days late
2019
31-12
Financial
Highest result since 2018net €526k ▲704%
Operating result €956k, net result €526k, both a record.
31-12
Financial
Equity above €1MEq €1.20M ▲77.5%
2 profitable years in a row build equity to €1.20M.
18-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 110 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
20 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, Westerlo · 1 establishment unit since 2018
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.
Nijverheidsstraat 132260 WesterloGround area
2.4 ha
Building footprint
1,680 m²
Volume, LiDAR
37,410 m³
Parcel 13028B0138/00V000, Flanders · tallest building 30.0 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
LifeScan Belgium
since 20182.276.351.755
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13028B0138/00V000 | Flanders | 2.4 ha | 1 · 1,680 m² | 30.0 m · 8 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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MULTI-G
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AUDIBILIS
BE 0871.795.418
Gembloux · Eq €1.79M
A.P. AUDIOLOGIE
BE 0461.270.929
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Of 1,070 companies in sector 47741 we hold annual accounts for 644. 306 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-05-2018
Fiscal year end31-12
Activities, NACEBEL 2025
46460Wholesale of pharmaceutical and medical goods
47741Retail sale of medical and orthopaedic goods, excluding prescription glasses and lenses
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.