BG LS IMMO
ActiveSummary
BG LS IMMO has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €134k and a net result of €103k. Equity is growing by ~28.6% per year across the filed fiscal years. Its solvency ranks better than 65% of 9494 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency94▲+47
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 3.62 against 2.7 in 2024; short-term debt: 15% and cash: 41.7% of total assets), and 31.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
68.9%
Return on assets
53.1%
Age of the figures
9 mo
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
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
38 d early
2023
33 d early
2022
32 d early
2021
39 d early
2020
36 d early
2019
42 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€134k▲ 335%
2024 · €31k
2018: €-162k
2019: €-172k▼ -5.9% vs 2018lowest in 8 years
2020: €-166k▲ +3.8% vs 2019
2021: €-135k▲ +18.3% vs 2020
2022: €-72k▲ +47.0% vs 2021
2023: €-63k▲ +12.3% vs 2022
2024: €31k▲ +149% vs 2023
2025: €134k▲ +335% vs 2024highest in 8 years
2018 → 2025
Total assets
€194k▲ 37.3%
2024 · €141k
2018: €141k
2019: €21k▼ -84.8% vs 2018
2020: €16k▼ -23.4% vs 2019
2021: €5k▼ -70.5% vs 2020
2022: €17k▲ +241% vs 2021
2023: €4k▼ -77.2% vs 2022lowest in 8 years
2024: €141k▲ +3648% vs 2023
2025: €194k▲ +37.3% vs 2024highest in 8 years
2018 → 2025
Net result
€103k▼ 0.6%
2024 · €104k
2018: €-135klowest in 8 years
2019: €-10k▲ +92.9% vs 2018
2020: €7k▲ +168% vs 2019
2021: €30k▲ +364% vs 2020
2022: €64k▲ +109% vs 2021
2023: €9k▼ -86.1% vs 2022
2024: €104k▲ +1073% vs 2023highest in 8 years
2025: €103k▼ -0.6% vs 2024
2018 → 2025
Working capital
€76k▲ 8.4%
2024 · €70k
2018: €-42k
2019: €-172k▼ -310% vs 2018lowest in 8 years
2020: €-166k▲ +3.5% vs 2019
2021: €-135k▲ +18.4% vs 2020
2022: €-72k▲ +47.1% vs 2021
2023: €-63k▲ +12.4% vs 2022
2024: €70k▲ +212% vs 2023
2025: €76k▲ +8.4% 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€-135k-€-72k▲ 47.0%€-63k▲ 12.3%€31k€134k▲ 335%
2021: €-135klowest in 5 years
2022: €-72k▲ +47.0% vs 2021
2023: €-63k▲ +12.3% vs 2022
2024: €31k▲ +149% vs 2023
2025: €134k▲ +335% vs 2024highest in 5 years
Operating result€31k-€64k▲ 109%€9k▼ 85.7%€120k▲ 1,208%€144k▲ 20.3%
2021: €31k
2022: €64k▲ +109% vs 2021
2023: €9k▼ -85.7% vs 2022lowest in 5 years
2024: €120k▲ +1208% vs 2023
2025: €144k▲ +20.3% vs 2024highest in 5 years
Net result€30k-€64k▲ 109%€9k▼ 86.1%€104k▲ 1,073%€103k▼ 0.6%
2021: €30k
2022: €64k▲ +109% vs 2021
2023: €9k▼ -86.1% vs 2022lowest in 5 years
2024: €104k▲ +1073% vs 2023highest in 5 years
2025: €103k▼ -0.6% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 20% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €194k
Fixed assets
€89k ▲ 202%
Current assets
€105k ▼ 5.7%
Equity and liabilities €194k
Equity
€134k ▲ 335%
Debt
€60k ▼ 45.4%
Debt's share of the balance-sheet total falls from 78.2% to 31.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€160k▲
2024 · €123k
Cash flow
€119k▲
2024 · €107k
Current ratio
3.62▲
2024 · 2.70
Debt to equity
0.45▼
2024 · 3.60
ROE
77.0%▼
2024 · 336.8%
ROA
53.1%▼
2024 · 73.3%
Interest coverage
29.39▼
2024 · 51.57
Debt ≤ 1 year
€29k▼
2024 · €42k
Debt > 1 year
€31k▼
2024 · €69k
Income taxes
€36k▲
2024 · €14k
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 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€141k€194k▲
Fixed assets21/28€29k€89k▲
Tangible fixed assets22/27€29k€89k▲
Plant, machinery and equipment23€3k€5k▲
Furniture and vehicles24€26k€83k▲
Current assets29/58€112k€105k▼
Stocks and contracts in progress3€3k-
Stocks30/36€3k-
Amounts receivable within one year40/41€30k€19k▼
Trade receivables40€23k€12k▼
Other amounts receivable41€7k€6k▼
Cash at bank and in hand54/58€78k€81k▲
Deferred charges and accrued income490/1€472€6k▲
Equity and liabilities
Total equity and liabilities10/49€141k€194k▲
Equity10/15€31k€134k▲
Contributions10/11€19k€19k=
Reserves13€12k€12k=
Non-distributable reserves130/1€12k€12k=
Other1319€12k€12k=
Profit (loss) carried forward14€138€103k▲
Amounts payable17/49€111k€60k▼
Amounts payable after more than one year17€69k€31k▼
Financial debts170/4€69k€31k▼
Amounts payable within one year42/48€42k€29k▼
Current portion of amounts payable after more than one year42€6k€8k▲
Trade debts44€2k€13k▲
Suppliers440/4€2k€13k▲
Advances received on contracts in progress46€10k-
Taxes, remuneration and social security45€14k€6k▼
Taxes450/3€14k€6k▼
Other amounts payable47/48€9k€3k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€16k▲
Other operating charges640/8€861€5k▲
Gross operating margin9900€124k€165k▲
Operating profit (loss)9901€120k€144k▲
Financial income75/76B-€93
Recurring financial income75-€93
Financial charges65/66B€2k€5k▲
Recurring financial charges65€2k€5k▲
Profit (loss) for the period before taxes9903€117k€139k▲
Income taxes67/77€14k€36k▲
Profit (loss) for the period9904€104k€103k▼
Profit (loss) for the period to be appropriated9905€104k€103k▼
Appropriation of the result
Profit (loss) to be appropriated9906€22k€103k▲
Profit (loss) brought forward from the previous period14P€-81k€138▲
Transfer to equity691/2€12k-
To other reserves6921€12k-
Profit to be distributed694/7€10k-
Return on contributions (dividend)694€10k-
The notes to these accounts (8 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €64k | €16k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €267 | €268 | €32 | €3k | €16k | ▲ 376% |
| Other operating charges640/8 | €398 | €498 | €384 | €861 | €5k | ▲ 517% |
| Gross operating margin9900 | €95k | €81k | €10k | €124k | €165k | ▲ 33.3% |
| Operating profit (loss)9901 | €31k | €64k | €9k | €120k | €144k | ▲ 20.3% |
| Financial income75/76B | - | €24 | - | - | €93 | - |
| Recurring financial income75 | - | €24 | - | - | €93 | - |
| Financial charges65/66B | €125 | €185 | €138 | €2k | €5k | ▲ 128% |
| Recurring financial charges65 | €125 | €185 | €138 | €2k | €5k | ▲ 128% |
| Profit (loss) for the period before taxes9903 | €30k | €64k | €9k | €117k | €139k | ▲ 18.2% |
| Income taxes67/77 | - | €100 | €172 | €14k | €36k | ▲ 161% |
| Profit (loss) for the period9904 | €30k | €64k | €9k | €104k | €103k | ▼ 0.6% |
| Profit (loss) for the period to be appropriated9905 | €30k | €64k | €9k | €104k | €103k | ▼ 0.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5k | €17k | €4k | €141k | €194k | ▲ 37.3% |
| Fixed assets21/28 | €300 | €32 | - | €29k | €89k | ▲ 202% |
| Tangible fixed assets22/27 | €300 | €32 | - | €29k | €89k | ▲ 202% |
| Plant, machinery and equipment23 | - | - | - | €3k | €5k | ▲ 58.1% |
| Furniture and vehicles24 | €300 | €32 | - | €26k | €83k | ▲ 220% |
| Current assets29/58 | €5k | €17k | €4k | €112k | €105k | ▼ 5.7% |
| Stocks and contracts in progress3 | - | - | - | €3k | - | - |
| Stocks30/36 | - | - | - | €3k | - | - |
| Amounts receivable within one year40/41 | €500 | €14k | €500 | €30k | €19k | ▼ 37.7% |
| Trade receivables40 | - | €5k | - | €23k | €12k | ▼ 47.4% |
| Other amounts receivable41 | €500 | €8k | €500 | €7k | €6k | ▼ 3.1% |
| Cash at bank and in hand54/58 | €4k | €3k | €3k | €78k | €81k | ▲ 3.3% |
| Deferred charges and accrued income490/1 | - | - | - | €472 | €6k | ▲ 1,200% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5k | €17k | €4k | €141k | €194k | ▲ 37.3% |
| Equity10/15 | €-135k | €-72k | €-63k | €31k | €134k | ▲ 335% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | - | - | - | €12k | €12k | = |
| Non-distributable reserves130/1 | - | - | - | €12k | €12k | = |
| Other1319 | - | - | - | €12k | €12k | = |
| Profit (loss) carried forward14 | €-154k | €-90k | €-81k | €138 | €103k | ▲ 74,585% |
| Amounts payable17/49 | €140k | €88k | €67k | €111k | €60k | ▼ 45.4% |
| Amounts payable after more than one year17 | - | - | - | €69k | €31k | ▼ 54.8% |
| Financial debts170/4 | - | - | - | €69k | €31k | ▼ 54.8% |
| Amounts payable within one year42/48 | €140k | €88k | €67k | €42k | €29k | ▼ 29.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €6k | €8k | ▲ 31.3% |
| Trade debts44 | €1k | €50 | €2k | €2k | €13k | ▲ 495% |
| Suppliers440/4 | €1k | €50 | €2k | €2k | €13k | ▲ 495% |
| Advances received on contracts in progress46 | - | - | - | €10k | - | - |
| Taxes, remuneration and social security45 | €16k | €148 | €1k | €14k | €6k | ▼ 60.3% |
| Taxes450/3 | €5k | €148 | €1k | €14k | €6k | ▼ 60.3% |
| Remuneration and social security454/9 | €11k | - | - | - | - | - |
| Other amounts payable47/48 | €123k | €88k | €64k | €9k | €3k | ▼ 71.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €30k | €64k | €9k | €104k | €103k | ▼ 0.6% |
| + Depreciation and write-downs630 | €267 | €268 | €32 | €3k | €16k | ▲ 376% |
| Operating cash flow (approximation) | €31k | €64k | €9k | €107k | €119k | ▲ 11.0% |
| Investment in fixed assets (approximation) | - | €0 | - | - | €-75k | - |
| Change in cash | - | €-1k | €673 | €75k | €3k | ▼ 96.6% |
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
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €100kEq €134k ▲335%
6 profitable years in a row build equity to €134k.
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €104k ▲1,073%
Net result €104k, the highest in the series.
31-12
Financial
Liquidity times 48current ratio 2.70
Current ratio from 0.06 to 2.70; short-term debt falls from €67k to €42k.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €7k
Net result €7k after 2 loss-making years.
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
25-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 117 days late
2018
29-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 60 days late
2017
18-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Andenne · 1 establishment unit since 2013
Ground area
1,367 m²
Building footprint
71 m²
Parcel 92124B0024/00B000, Wallonia. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Rue des Fagotis, ZI, Nov. 9, 5380 Fernelmont
since 20132.226.995.680
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92124B0024/00B000 | Wallonia | 1,367 m² | 1 · 71 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 11,546 companies in sector 71121 we hold annual accounts for 6,561. 5,241 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
Founded19-09-2013
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
68122Development of non-residential building projects
70200Business and other management consultancy
Contact
E-mail
sprlbeaujeangilles@skynet.beFernelmont
Phone
0471/31.37.85Fernelmont
Scores and ratios are computed by Checked and are not a credit decision.