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L.G.S.

Active
Public limited companyfounded 199135 yrs activeHaagwinde 21, 8300 Knokke-Heist, BelgiumKBO/BCE: BE 0444.705.903
Summary

L.G.S. has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.2m and a net result of €1,935. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 65% of 579 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysisWatch ReportCompare
L.G.S.ActiveChecked score 87/100
Risk analysis ReportCompare

Overview

Activity
Other information service activities
NACE 63920NACE 63990Business and other management consultancy NACE 70200
#1 company by total assets in Knokke-Heist, Telecoms and IT sector1 site
Size
€1.8mtotal assets 2025
Staff
1 FTE
Equity
€1.2m
Profit
€1,935
Turnover not published (abridged schema)
Financial health
87 Excellent Checked score 2025
Bankruptcy chance 12 m
0.2%
Structure
Accounts filed 61 d late0 of 11 deeds read
Why 87- Latest accounts 61 days late; 2 of the last 3 late- Liquidity: current ratio 7.56, cash €7,879, halved+ Founded in 1991+ Size: total assets €1.8mShow the evidence

Checked score

Score 2025
87 / 100
Excellent
Probability in this band: under 0.55%
Better than 42% of its sector peers (NACE 63, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 88-4
equity 63.1% of total assets
Liquidity 51+9
short-term debt 4.0% · cash 0.4%
Profitability 69-2
return on assets 0.1%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (2,952 companies)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● 0.0% vs 11-2024 01-2025: < 0.1%▼ -2.1% vs 12-2024lowest value 02-2025: < 0.1%▲ +2.2% vs 01-2025 03-2025: < 0.1%● 0.0% vs 02-2025 04-2025: < 0.1%▼ -2.1% vs 03-2025lowest value 05-2025: < 0.1%▲ +2.2% vs 04-2025 06-2025: < 0.1%▼ -2.1% vs 05-2025lowest value 07-2025: 0.1%▲ +26.1% vs 06-2025 08-2025: 0.1%▲ +63.8% vs 07-2025 09-2025: 0.1%▲ +26.3% vs 08-2025 10-2025: 0.1%▼ -22.5% vs 09-2025 11-2025: 0.1%● 0.0% vs 10-2025 12-2025: 0.1%● 0.0% vs 11-2025 01-2026: 0.1%▼ -1.1% vs 12-2025 02-2026: 0.1%▲ +3.3% vs 01-2026 03-2026: 0.1%▲ +2.1% vs 02-2026 04-2026: 0.1%▼ -4.1% vs 03-2026 05-2026: 0.1%▲ +3.2% vs 04-2026 06-2026: 0.1%▲ +8.3% vs 05-2026 07-2026: 0.1%▲ +15.4% vs 06-2026 08-2026: 0.2%▲ +83.3% vs 07-2026 09-2026: 0.3%▲ +13.6% vs 08-2026highest value 10-2026: 0.2%▼ -18.4% vs 09-2026
  • Latest accounts 61 days late; 2 of the last 3 late raises the probability
  • Liquidity: current ratio 7.56, cash €7,879, halved raises the probability
  • Founded in 1991 lowers the probability for this profile
  • Size: total assets €1.8m lowers the probability for this profile
Credit up to €100,000 at 30 days acceptable
Liquidity ample (current ratio 7.56 against 1.14 in 2024; short-term debt: 4% and cash: 0.4% of total assets), and 36.9% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 63, micro). Better than this share of them on solvency 58%, liquidity 34%, profitability 34%, growth against the median 42%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Latest accounts 61 days late; 2 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
raises risk · Liquidity: current ratio 7.56, cash €7,879, halved
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Founded in 1991
In the bankruptcy model this factor lowers the probability for this profile.
KBO
lowers risk · Size: total assets €1.8m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-09-2026, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
61 d late
2024
41 d late
2023
30 d late
2022
31 d late
2021
18 d late
2020
91 d late
2019
103 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 54 days after the deadline; the sector median for financial year 2024 is 10 days before the deadline, and 32% of the sector filed late.

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. Usually files around 31 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
05-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · abbreviated…
  2. Weakest financial yearnet €1,935 ▼92%
  3. Liquidity times 7current ratio 7.56

Key points

  • Positive: Company by total assets in Knokke-Heist, Telecoms and…in the Checked rankings #1 View
  • Caution: Latest accounts filed lateafter the legal deadline 61 d View
  • Positive: 8 profitable years in a rowprofit 2025: €1,935 8 years View

By topic

Financials

Fiscal year
2025
Total assets
€1.8m
Profit
€1,935
Solvency
63.1%
Total assets▲ 6.4%
Net result
20182025
Go to Financials

Timeline

Events
14
Since
2017
Next accounts
by 31-07-2027
  1. 30-09-2026Annual accounts filed
  2. 31-12-2025Weakest financial year
  3. 31-12-2025Liquidity times 7
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Other information service activitiesNACE 63920
Founded
10-06-1991
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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