How does my company compare?
Median ratios of Belgian SMEs (€2–50M revenue) from the accounts filed with the National Bank, by sector and province. Type your three numbers; nothing leaves your browser.
Your three numbers
Last full year. The three ratios a buyer reads first in this sector.
Median EBITDA margin by province
Click a province to filter; click again to clear. Schematic map.
Gross margin distribution, selected sector
Share of companies per band; your position marked.
Across the sectors in this ring
Median of the third ratio, selected size band.
Your two-page benchmark report
Your three ratios against the sector and province medians, the three gaps that matter, and one paragraph on what a buyer would make of them. Sent as a PDF; Ruben follows up once, personally, within a week.
What is my logistics exposure?
Ten yes/no questions about the partner that holds your stock, grouped the way the Field Note argues them: three clauses, one reconciliation, one drill. Answer as things stand today.
Your exposure
Builds as you answer. Higher is riskier.
Monday morning
Your risk score as a one-page PDF
Your ten answers, the score, and the three clauses to renegotiate while you are still a customer in good standing, worded so you can hand it to your lawyer.
Is my EBITDA turning into cash?
Four quarters of EBITDA, capex and working-capital movement. The page draws cash conversion and flags the stagflation signature: EBITDA up, conversion down, three quarters running. Add quarters if you have them.
Your quarters (€k)
Edit any cell. Working capital: positive = cash absorbed.
EBITDA and free cash flow
Free cash flow = EBITDA − capex − Δ working capital.
Cash conversion
FCF / EBITDA per quarter; the band 60–90 % is the usual mid-market range.
Your EBITDA-to-cash report
Your quarters, the conversion line, the verdict on the stagflation signature, and a paragraph on what the pattern means for a bank or a buyer. Two pages as a PDF; your figures are deleted after 90 days.
Transport & logistics failures
Monthly bankruptcies in Belgian transport, warehousing and courier companies, against the sector cost index. Read from the customer's side of the dock.
Monthly bankruptcies, transport sector
2024–2026 with 12-month average. Monthly split illustrative; half-year totals as reported.
By sub-sector, Jan–Aug 2026
Share of failures (ill.)
Age of failed companies
H1 2026, share by years trading. Most were established operators.
Cost index vs freight rate index
ITLB operating cost vs an illustrative rate index, Jan 2024 = 100.
This month's failures monitor as a PDF
The monthly series, the sub-sectors, the age of the failed firms and the cost-versus-rates gap, with one page on how to read it from the customer's side of the dock. Two pages.
Operator's macro board
Four numbers, each read the way a distributor's board should read it. Updated when they move.
Belgian inflation vs health index, 2024–2027F
Annual averages; 2026–27 are Federal Planning Bureau forecasts of 6 Oct 2026.
Indexation calendar
Next pivot-index crossings and what they trigger.
| When | Event | Effect |
|---|---|---|
| Nov 2026 | Pivot index 102.29 crossed (forecast) | +2 % public wages, benefits |
| Jan 2027 | PC 200 and other January sectors index | ≈ +3.5–4 % (ill.) |
| Apr 2027 | Pivot index 104.34 crossed (forecast) | +2 % |
The macro board as a two-page PDF
The four numbers with a paragraph each on what they mean for a distributor's 2027 budget, the inflation-versus-health-index chart and the indexation calendar.
Succession clock
Four national figures and a three-question readiness check. The regional view follows when Statbel owner-age data is in the pipeline.
Readiness gap
Three structures that should exist before the transfer; share of companies that have them (ill. except the board figure).
Are you ready?
Three yes/no questions from Field Note #009.
Your readiness check as a PDF
Your three answers, each with a paragraph on what a buyer, a bank or the next generation reads into it, and where that leaves the company. Two pages.
Sources & methodology
Every series names its source, its refresh cadence and whether it is open data, a licensed feed or a manual monthly read. Nothing is scraped from a paywalled or trade-press site.
Method notes
Benchmark medians are computed per company from filed annual accounts, then aggregated by NACE-BEL group, size band (€2–10M, €10–25M, €25–50M) and province; companies with fewer than 10 FTE or more than 249 FTE are excluded. A cell is shown only with 30 or more companies and its sample size is printed. Companies filing the abbreviated schema without revenue are excluded, which thins the sample in retail and hospitality; the sample size per sector says so.
Bankruptcy counts use the month of the court judgement, by NACE 49–53. Named failures come only from official publications.
Tools run in the visitor's browser; nothing is transmitted unless you request a report, in which case your inputs are used once to build it.
Upload rhythm: weekly on Monday, by hand, with a plausibility check before publishing. Each page shows its own date.
Legal notice
Please read this before relying on anything shown in the LIDI Data Room.
1. Publisher
The LIDI Data Room is published by LIDI Partners BV, a management and advisory company established in Belgium (company details and VAT number as stated on lidi.be/contact). LIDI Partners BV is not a regulated financial, legal or tax adviser.
2. Information only, no advice
Everything on these pages is general information for a professional audience. It is not financial, investment, legal, tax, accounting or management advice, and it is not a recommendation to take or refrain from any decision. Take professional advice before acting.
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4. Accuracy and timeliness
Figures are compiled from the public sources listed under Sources & methodology and refreshed weekly by hand. Each page shows a "last updated" date; a figure may be out of date, revised by its source, or affected by errors. Items marked "(ill.)" are illustrative placeholders. Medians are aggregates and say nothing about any individual company.
5. Tools and reports
The tools apply simplified assumptions that are stated next to each result; their outputs are indicative and are not a valuation, an audit or a going-concern opinion. Your inputs are processed in your browser and are not transmitted unless you request a report. If you do, your email address, your first name if you give it, the language of the page, the report type and the inputs the report is built from are sent once over an encrypted connection. The report is generated automatically from those inputs and from aggregated public data; it is not reviewed by a person before it is sent. The inputs are deleted from our systems ninety days after the request; the record that a report was sent (address, report type, date) is kept for up to two years, like other correspondence. You receive one personal follow-up email; nothing else, unless you separately ask for the Field Notes. The report is generated and stored with Cloudflare and sent with Brevo (Sendinblue SAS, France), both acting as processors under contract, with data held in the EU.
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Public-sector data is reproduced under its publisher's terms; licensed or press figures are quoted in summary with attribution. Company names appear only where the information is public record. The layout, text, charts and compilations are © LIDI Partners BV; quote with attribution and a link.
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This notice may change without prior notice; the version date applies. Belgian law governs; the courts of Brussels have jurisdiction, without prejudice to mandatory rules where they apply.
Draft for review by LIDI Partners BV's legal adviser before publication.