L S D PROTECT
ActiveL S D PROTECT has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.47M and a net result of €371k. Equity is growing by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 89% of 3549 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability93▲+21
Solvency100▲+2
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €85k at 30 days only on tighter terms
Liquidity ample (current ratio 4.6 against 3.58 in 2023; short-term debt: 20.4% and cash: 44.1% of total assets), and 22% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
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
78%
Return on assets
19.7%
Age of the figures
21 mo
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 01-12-2025, 123 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
123 d late
2023
61 d late
2022
127 d late
2021
29 d late
2020
61 d late
2019
122 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€0
2023 · €0
2019: €0
2020: €788k
2021: €0
2022: €0
2023: €0
2019 → 2024
EBIT margin
6.4%
Net result
€371k▲ 705%
2023 · €46k
2018: €198k
2019: €196k
2020: €37k
2021: €89k
2022: €83k
2023: €46k
2018 → 2024
Working capital
€1.38M▲ 30.0%
2023 · €1.06M
2018: €993k
2019: €1.18M
2020: €1.24M
2021: €1.33M
2022: €1.25M
2023: €1.06M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€788k-€0▼ 100%€0€0€0
Equity€1.31M-€1.40M▲ 6.8%€1.34M▼ 4.5%€1.14M▼ 15.1%€1.47M▲ 29.2%
Operating result€50k-€140k▲ 178%€115k▼ 17.4%€96k▼ 16.6%€561k▲ 483%
Net result€37k-€89k▲ 138%€83k▼ 6.9%€46k▼ 44.4%€371k▲ 705%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 483% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.88M
Fixed assets
€117k▲ 56.9%
Current assets
€1.76M▲ 19.7%
Equity and liabilities €1.88M
Equity
€1.47M▲ 29.2%
Debt
€413k▲ 0.1%
The debt ratio falls from 26.6% to 22.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€589k▲
2023 · €121k
Cash flow
€400k▲
2023 · €70k
Solvency
78.0%▲
2023 · 73.4%
Current ratio
4.60▲
2023 · 3.58
Quick ratio
4.28▲
2023 · 3.42
Debt / equity
0.28▼
2023 · 0.36
ROE
25.3%▲
2023 · 4.1%
ROA
19.7%▲
2023 · 3.0%
Interest coverage
94.47▲
2023 · 29.81
Debt
€413k▲
2023 · €413k
Debt ≤ 1 year
€384k▼
2023 · €412k
Debt > 1 year
€29k
Income taxes
€206k▲
2023 · €63k
Staff costs
€152k▲
2023 · €148k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.55M€1.88M▲
Fixed assets21/28€74k€117k▲
Tangible fixed assets22/27€71k€114k▲
Land and buildings22€30k€30k=
Plant, machinery and equipment23€16k€17k▲
Furniture and vehicles24€24k€67k▲
Assets under construction and advance payments27€750€0▼
Financial fixed assets28€3k€3k=
Current assets29/58€1.47M€1.76M▲
Stocks and contracts in progress3€63k€122k▲
Stocks30/36€63k€122k▲
Amounts receivable within one year40/41€531k€745k▲
Trade receivables40€455k€710k▲
Other amounts receivable41€76k€35k▼
Current investments50/53€50k€50k=
Cash at bank and in hand54/58€817k€830k▲
Deferred charges and accrued income490/1€13k€18k▲
Equity and liabilities
Total equity and liabilities10/49€1.55M€1.88M▲
Equity10/15€1.14M€1.47M▲
Contributions10/11€14k€14k=
Reserves13€738k€1.07M▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€168k€0▼
Distributable reserves133€570k€1.07M▲
Profit (loss) carried forward14€384k€384k=
Amounts payable17/49€413k€413k▲
Amounts payable after more than one year17-€29k
Financial debts170/4-€29k
Amounts payable within one year42/48€412k€384k▼
Current portion of amounts payable after more than one year42-€13k
Trade debts44€146k€57k▼
Suppliers440/4€146k€57k▼
Taxes, remuneration and social security45€55k€172k▲
Taxes450/3€55k€172k▲
Remuneration and social security454/9€0-
Other amounts payable47/48€211k€142k▼
Accrued charges and deferred income492/3€378€0▼
Income statement
Code20232024
Turnover70€0€0=
Non-recurring operating income76A€0-
Goods, raw materials, services and sundry goods60/61€0€0=
Remuneration, social security and pensions62€148k€152k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€28k▲
Other operating charges640/8€16k€6k▼
Non-recurring operating charges66A€764€4k▲
Gross operating margin9900€286k€752k▲
Operating profit (loss)9901€96k€561k▲
Financial income75/76B€17k€22k▲
Recurring financial income75€17k€22k▲
Financial charges65/66B€4k€6k▲
Recurring financial charges65€4k€6k▲
Profit (loss) for the period before taxes9903€109k€577k▲
Income taxes67/77€63k€206k▲
Profit (loss) for the period9904€46k€371k▲
Transfer from tax-exempt reserves789€93k€168k▲
Profit (loss) for the period to be appropriated9905€139k€540k▲
Appropriation of the result
Profit (loss) to be appropriated9906€523k€924k▲
Profit (loss) brought forward from the previous period14P€384k€384k=
Transfer from equity791/2€249k€39k▼
Transfer to equity691/2€139k€540k▲
To other reserves6921€139k€540k▲
Profit to be distributed694/7€249k€39k▼
Return on contributions (dividend)694€249k€39k▼
Social balance
Average headcount (FTE)90872.02.0=
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
01-12
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 123 days late
2024
31-12
Financial
Highest result since 2018net €371k ▲705%
Operating result €561k, net result €371k, both a record.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 61 days late
2023
05-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 127 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 29 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 61 days late
2020
31-12
Financial
Weakest financial yearnet €37k ▼80.9%
Net result drops to €37k, the lowest in the series; recovery starts the following year.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 122 days late
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
2016
26-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Chaudfontaine · 1 establishment unit since 1986
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.
Rue de la Béôle 24050 ChaudfontaineGround area
1,388 m²
Building footprint
145 m²
Volume, LiDAR
826 m³
Parcel 62022A0121/00K000, Wallonia · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue de la Béôle 2, 4050 Chaudfontaine
since 19862.036.410.080
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62022A0121/00K000 | Wallonia | 1,388 m² | 1 · 145 m² | 7.8 m · 2 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.
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Of 4,270 companies in sector 43230 we hold annual accounts for 1,240. 410 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-05-1986
Fiscal year end31-12
Activities, NACEBEL
42220Construction of utility projects for electricity and telecommunications
43230Insulation installation
43291Specialised construction activities
45215
Sources
Crossroads Bank for EnterprisesNational Bank · 39 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.