Summary
LIMANCO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €1.38M and a net result of €20k. Equity is growing by ~8.7% per year across the filed fiscal years. Its solvency ranks better than 79% of 8048 sector peers (fiscal year 2025). The company has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-04-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
2 d early
2023
5 d early
2022
5 d early
2021
1 d early
2020
21 d early
2019
23 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€1.38M▲ 1.5%
2024 · €1.36M
2018: €869k
2019: €863k▼ -0.6% vs 2018lowest in 8 years
2020: €866k▲ +0.4% vs 2019
2021: €964k▲ +11.3% vs 2020
2022: €1.05M▲ +9.0% vs 2021
2023: €1.30M▲ +24.0% vs 2022
2024: €1.36M▲ +4.2% vs 2023
2025: €1.38M▲ +1.5% vs 2024highest in 8 years
2018 → 2025
Net result
€20k▼ 63.1%
2024 · €54k
2018: €-9klowest in 8 years
2019: €-6k▲ +39.9% vs 2018
2020: €-6k● -0.0% vs 2019
2021: €98k▲ +1852% vs 2020
2022: €87k▼ -11.4% vs 2021
2023: €252k▲ +190% vs 2022highest in 8 years
2024: €54k▼ -78.4% vs 2023
2025: €20k▼ -63.1% vs 2024
2018 → 2025
Total assets
€1.70M▼ 33.9%
2024 · €2.57M
2018: €2.15M
2019: €1.60M▼ -25.9% vs 2018lowest in 8 years
2020: €1.60M● 0.0% vs 2019lowest in 8 years
2021: €1.62M▲ +1.6% vs 2020
2022: €1.83M▲ +13.2% vs 2021
2023: €2.43M▲ +32.3% vs 2022
2024: €2.57M▲ +5.7% vs 2023highest in 8 years
2025: €1.70M▼ -33.9% vs 2024
2018 → 2025
Solvency
81.3%▲ 28.3pp
2024 · 52.9%
2018: 40.3%lowest in 8 years
2019: 54.1%▲ +34.2% vs 2018
2020: 54.3%▲ +0.4% vs 2019
2021: 59.5%▲ +9.6% vs 2020
2022: 57.3%▼ -3.7% vs 2021
2023: 53.7%▼ -6.3% vs 2022
2024: 52.9%▼ -1.4% vs 2023
2025: 81.3%▲ +53.5% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€964k-€1.05M▲ 9.0%€1.30M▲ 24.0%€1.36M▲ 4.2%€1.38M▲ 1.5%
2021: €964klowest in 5 years
2022: €1.05M▲ +9.0% vs 2021
2023: €1.30M▲ +24.0% vs 2022
2024: €1.36M▲ +4.2% vs 2023
2025: €1.38M▲ +1.5% vs 2024highest in 5 years
Operating result€126k-€130k▲ 2.8%€320k▲ 146%€39k▼ 87.7%€-95k
2021: €126k
2022: €130k▲ +2.8% vs 2021
2023: €320k▲ +146% vs 2022highest in 5 years
2024: €39k▼ -87.7% vs 2023
2025: €-95k▼ -341% vs 2024lowest in 5 years
Net result€98k-€87k▼ 11.4%€252k▲ 190%€54k▼ 78.4%€20k▼ 63.1%
2021: €98k
2022: €87k▼ -11.4% vs 2021
2023: €252k▲ +190% vs 2022highest in 5 years
2024: €54k▼ -78.4% vs 2023
2025: €20k▼ -63.1% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €95k after €39k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.70M
Fixed assets
€801k ▲ 156%
Current assets
€895k ▼ 60.3%
Equity and liabilities €1.70M
Equity
€1.38M ▲ 1.5%
Debt
€318k ▼ 73.7%
Debt's share of the balance-sheet total falls from 47.1% to 18.7%. Equity is higher and debt is lower.
Key figures and ratios
ROE
1.5%▼
2024 · 4.0%
ROA
1.2%▼
2024 · 2.1%
Debt ≤ 1 year
€318k▼
2024 · €1.21M
Income taxes
€12k▼
2024 · €25k
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 · 2025 against 2024 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.57M€1.70M▼
Fixed assets21/28€313k€801k▲
Tangible fixed assets22/27€212k€700k▲
Land and buildings22€179k€683k▲
Plant, machinery and equipment23-€1k
Furniture and vehicles24€33k€15k▼
Financial fixed assets28€101k€101k=
Current assets29/58€2.25M€895k▼
Amounts receivable within one year40/41€2.20M€519k▼
Trade receivables40€87k€535▼
Other amounts receivable41€2.12M€519k▼
Cash at bank and in hand54/58€48k€374k▲
Deferred charges and accrued income490/1€308€1k▲
Equity and liabilities
Total equity and liabilities10/49€2.57M€1.70M▼
Equity10/15€1.36M€1.38M▲
Contributions10/11€20k€20k=
Reserves13€1.34M€1.36M▲
Distributable reserves133€1.34M€1.36M▲
Amounts payable17/49€1.21M€318k▼
Amounts payable within one year42/48€1.21M€318k▼
Trade debts44€4k€760▼
Suppliers440/4€4k€760▼
Taxes, remuneration and social security45€30k€20k▼
Taxes450/3€30k€20k▼
Other amounts payable47/48€1.17M€297k▼
Income statement
Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€90k▲
Other operating charges640/8€5k€4k▼
Gross operating margin9900€69k€-2k▼
Operating profit (loss)9901€39k€-95k▼
Financial income75/76B€41k€127k▲
Recurring financial income75€41k€127k▲
Financial charges65/66B€526€382▼
Recurring financial charges65€526€382▼
Profit (loss) for the period before taxes9903€80k€32k▼
Income taxes67/77€25k€12k▼
Profit (loss) for the period9904€54k€20k▼
Profit (loss) for the period to be appropriated9905€54k€20k▼
Appropriation of the result
Profit (loss) to be appropriated9906€54k€20k▼
Transfer to equity691/2€54k€20k▼
To other reserves6921€54k€20k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €219k | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16k | €17k | €21k | €25k | €90k | ▲ 255% |
| Other operating charges640/8 | €3k | €4k | €4k | €5k | €4k | ▼ 17.3% |
| Gross operating margin9900 | €146k | €151k | €345k | €69k | €-2k | ▼ 102% |
| Operating profit (loss)9901 | €126k | €130k | €320k | €39k | €-95k | ▼ 341% |
| Financial income75/76B | €13k | €16k | €27k | €41k | €127k | ▲ 212% |
| Recurring financial income75 | €13k | €16k | €27k | €41k | €127k | ▲ 212% |
| Financial charges65/66B | €27k | €29k | €50k | €526 | €382 | ▼ 27.4% |
| Recurring financial charges65 | €27k | €29k | €50k | €526 | €382 | ▼ 27.4% |
| Profit (loss) for the period before taxes9903 | €113k | €118k | €297k | €80k | €32k | ▼ 60.1% |
| Income taxes67/77 | €15k | €31k | €45k | €25k | €12k | ▼ 53.7% |
| Profit (loss) for the period9904 | €98k | €87k | €252k | €54k | €20k | ▼ 63.1% |
| Transfer from tax-exempt reserves789 | €3k | €16k | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €101k | €103k | €252k | €54k | €20k | ▼ 63.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.62M | €1.83M | €2.43M | €2.57M | €1.70M | ▼ 33.9% |
| Fixed assets21/28 | €406k | €399k | €331k | €313k | €801k | ▲ 156% |
| Tangible fixed assets22/27 | €305k | €298k | €230k | €212k | €700k | ▲ 230% |
| Land and buildings22 | €296k | €282k | €186k | €179k | €683k | ▲ 282% |
| Plant, machinery and equipment23 | €5k | €4k | €0 | - | €1k | - |
| Furniture and vehicles24 | €4k | €12k | €44k | €33k | €15k | ▼ 54.4% |
| Financial fixed assets28 | €101k | €101k | €101k | €101k | €101k | = |
| Current assets29/58 | €1.22M | €1.43M | €2.10M | €2.25M | €895k | ▼ 60.3% |
| Amounts receivable within one year40/41 | €1.20M | €1.42M | €1.99M | €2.20M | €519k | ▼ 76.4% |
| Trade receivables40 | €932 | €60k | €0 | €87k | €535 | ▼ 99.4% |
| Other amounts receivable41 | €1.20M | €1.36M | €1.99M | €2.12M | €519k | ▼ 75.5% |
| Cash at bank and in hand54/58 | €10k | €10k | €104k | €48k | €374k | ▲ 683% |
| Deferred charges and accrued income490/1 | €735 | €523 | €102 | €308 | €1k | ▲ 286% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.62M | €1.83M | €2.43M | €2.57M | €1.70M | ▼ 33.9% |
| Equity10/15 | €964k | €1.05M | €1.30M | €1.36M | €1.38M | ▲ 1.5% |
| Contributions10/11 | €20k | €20k | €20k | €20k | €20k | = |
| Reserves13 | €944k | €1.03M | €1.28M | €1.34M | €1.36M | ▲ 1.5% |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Tax-exempt reserves132 | €16k | - | - | - | - | - |
| Distributable reserves133 | €927k | €1.03M | €1.28M | €1.34M | €1.36M | ▲ 1.5% |
| Amounts payable17/49 | €656k | €783k | €1.12M | €1.21M | €318k | ▼ 73.7% |
| Amounts payable within one year42/48 | €656k | €783k | €1.12M | €1.21M | €318k | ▼ 73.7% |
| Trade debts44 | €823 | €2k | €72k | €4k | €760 | ▼ 80.9% |
| Suppliers440/4 | €823 | €2k | €72k | €4k | €760 | ▼ 80.9% |
| Taxes, remuneration and social security45 | €15k | - | €25k | €30k | €20k | ▼ 32.5% |
| Taxes450/3 | €15k | - | €25k | €30k | €20k | ▼ 32.5% |
| Other amounts payable47/48 | €641k | €781k | €1.03M | €1.17M | €297k | ▼ 74.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €98k | €87k | €252k | €54k | €20k | ▼ 63.1% |
| + Depreciation and write-downs630 | €16k | €17k | €21k | €25k | €90k | ▲ 255% |
| Operating cash flow (approximation) | €114k | €104k | €273k | €80k | €110k | ▲ 37.6% |
| Investment in fixed assets (approximation) | - | €-11k | €47k | €-7k | €-577k | ▼ 8,340% |
| Change in cash | - | €391 | €94k | €-56k | €326k | ▲ 681% |
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
Next filing, fiscal year 2026, expected by
2026
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
28-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Highest result since 2018net €252k ▲190%
Operating result €320k, net result €252k, both a record.
25-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Equity above €1MEq €1.05M ▲9%
2 profitable years in a row build equity to €1.05M.
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Back to profitnet €98k
Net result €98k after 3 loss-making years.
09-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
07-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
05-04
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.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Gent · 1 establishment unit since 2002
Ground area
4,513 m²
Building footprint
4,269 m²
Volume, LiDAR
47,939 m³
Parcel 44021A3417/00R002, Flanders · tallest building 15.7 m, ±4 floors. Linked by address, not a title deed.
18
companies at this address
See who is registered here
1 establishment unit
Dublinstraat 37, 9000 Gent
since 20022.095.957.687
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44021A3417/00R002 | Flanders | 4,513 m² | 1 · 4,269 m² | 15.7 m · 4 fl. |
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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 24,727 companies in sector 64210 we hold annual accounts for 19,768. 11,958 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
Founded28-03-2000
Fiscal year end30-09
Activities, NACEBEL 2025
64210Activities of holding companies
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
Scores and ratios are computed by Checked and are not a credit decision.