L.V.D.
ActiveSummary
L.V.D. has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.28M and a net result of €12k. Equity remains stable across the filed fiscal years (±0.9% per year). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70=
Solvency93▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €85k at 30 days acceptable
Liquidity short (current ratio 0.0 against 0.0 in 2024; short-term debt: 22.2% and cash: 0% of total assets), and 31.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2025Solvency, return and age of the figures
Solvency
68.1%
Return on assets
0.7%
Age of the figures
9 mo
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 13-05-2026, 79 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
79 d early
2024
78 d early
2023
78 d early
2022
4 d late
2021
5 d late
2020
11 d early
2019
3 d late
← 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, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€12k▼ 1.0%
2024 · €13k
2018: €-8klowest in 8 years
2019: €13k▲ +264% vs 2018
2020: €12k▼ -8.5% vs 2019
2021: €14k▲ +18.3% vs 2020highest in 8 years
2022: €11k▼ -18.9% vs 2021
2023: €5k▼ -51.5% vs 2022
2024: €13k▲ +130% vs 2023
2025: €12k▼ -1.0% vs 2024
2018 → 2025
Working capital
€-414k▲ 5.7%
2024 · €-440k
2018: €-589klowest in 8 years
2019: €-568k▲ +3.6% vs 2018
2020: €-545k▲ +4.1% vs 2019
2021: €-517k▲ +5.0% vs 2020
2022: €-489k▲ +5.5% vs 2021
2023: €-461k▲ +5.8% vs 2022
2024: €-440k▲ +4.6% vs 2023
2025: €-414k▲ +5.7% 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€1.23M-€1.25M▲ 0.9%€1.25M▲ 0.4%€1.26M▲ 1.0%€1.28M▲ 1.0%
2021: €1.23Mlowest in 5 years
2022: €1.25M▲ +0.9% vs 2021
2023: €1.25M▲ +0.4% vs 2022
2024: €1.26M▲ +1.0% vs 2023
2025: €1.28M▲ +1.0% vs 2024highest in 5 years
Operating result€19k-€16k▼ 17.5%€8k▼ 48.9%€18k▲ 115%€18k▲ 0.4%
2021: €19khighest in 5 years
2022: €16k▼ -17.5% vs 2021
2023: €8k▼ -48.9% vs 2022lowest in 5 years
2024: €18k▲ +115% vs 2023
2025: €18k▲ +0.4% vs 2024
Net result€14k-€11k▼ 18.9%€5k▼ 51.5%€13k▲ 130%€12k▼ 1.0%
2021: €14khighest in 5 years
2022: €11k▼ -18.9% vs 2021
2023: €5k▼ -51.5% vs 2022lowest in 5 years
2024: €13k▲ +130% vs 2023
2025: €12k▼ -1.0% vs 2024
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 0% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.87M
Fixed assets
€1.87M ▼ 0.7%
Current assets
€2k ▲ 247%
Equity and liabilities €1.87M
Equity
€1.28M ▲ 1.0%
Debt
€596k ▼ 3.8%
Debt's share of the balance-sheet total falls from 32.9% to 31.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€30k▼
2024 · €31k
Cash flow
€25k▼
2024 · €26k
Current ratio
0.00▲
2024 · 0.00
Debt to equity
0.47▼
2024 · 0.49
ROE
1.0%▼
2024 · 1.0%
ROA
0.7%▼
2024 · 0.7%
Interest coverage
39.52▼
2024 · 42.94
Debt ≤ 1 year
€416k▼
2024 · €440k
Debt > 1 year
€180k=
2024 · €180k
Income taxes
€5k▲
2024 · €4k
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 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.88M€1.87M▼
Fixed assets21/28€1.88M€1.87M▼
Tangible fixed assets22/27€1.87M€1.86M▼
Land and buildings22€1.85M€1.84M▼
Other tangible fixed assets26€21k€17k▼
Financial fixed assets28€11k€11k=
Current assets29/58€535€2k▲
Cash at bank and in hand54/58€535€915▲
Deferred charges and accrued income490/1-€944
Equity and liabilities
Total equity and liabilities10/49€1.88M€1.87M▼
Equity10/15€1.26M€1.28M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Revaluation surpluses12€1.81M€1.81M=
Reserves13€11k€11k=
Non-distributable reserves130/1€4k€4k=
Legal reserve130€4k€4k=
Tax-exempt reserves132€8k€8k=
Profit (loss) carried forward14€-619k€-606k▲
Amounts payable17/49€620k€596k▼
Amounts payable after more than one year17€180k€180k=
Financial debts170/4€180k€180k=
Amounts payable within one year42/48€440k€416k▼
Trade debts44€3k€3k▲
Suppliers440/4€3k€3k▲
Taxes, remuneration and social security45€2k€5k▲
Taxes450/3€2k€5k▲
Other amounts payable47/48€435k€409k▼
Income statement
Code20242025
Non-recurring operating income76A€17-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€13k▼
Other operating charges640/8€13k€14k▲
Gross operating margin9900€45k€44k▼
Operating profit (loss)9901€18k€18k▲
Financial charges65/66B€726€769▲
Recurring financial charges65€726€769▲
Profit (loss) for the period before taxes9903€17k€17k▲
Income taxes67/77€4k€5k▲
Profit (loss) for the period9904€13k€12k▼
Profit (loss) for the period to be appropriated9905€13k€12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-619k€-606k▲
Profit (loss) brought forward from the previous period14P€-631k€-619k▲
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €1k | €712 | €65 | €17 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22k | €22k | €23k | €13k | €13k | ▼ 6.3% |
| Other operating charges640/8 | €11k | €11k | €13k | €13k | €14k | ▲ 3.1% |
| Non-recurring operating charges66A | - | €1 | - | - | - | - |
| Gross operating margin9900 | €52k | €49k | €44k | €45k | €44k | ▼ 0.8% |
| Operating profit (loss)9901 | €19k | €16k | €8k | €18k | €18k | ▲ 0.4% |
| Financial charges65/66B | €759 | €814 | €744 | €726 | €769 | ▲ 5.9% |
| Recurring financial charges65 | €759 | €814 | €744 | €726 | €769 | ▲ 5.9% |
| Profit (loss) for the period before taxes9903 | €19k | €15k | €7k | €17k | €17k | ▲ 0.2% |
| Income taxes67/77 | €5k | €4k | €2k | €4k | €5k | ▲ 3.5% |
| Profit (loss) for the period9904 | €14k | €11k | €5k | €13k | €12k | ▼ 1.0% |
| Profit (loss) for the period to be appropriated9905 | €14k | €11k | €5k | €13k | €12k | ▼ 1.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.94M | €1.92M | €1.89M | €1.88M | €1.87M | ▼ 0.6% |
| Fixed assets21/28 | €1.93M | €1.91M | €1.89M | €1.88M | €1.87M | ▼ 0.7% |
| Tangible fixed assets22/27 | €1.92M | €1.90M | €1.88M | €1.87M | €1.86M | ▼ 0.7% |
| Land and buildings22 | €1.88M | €1.87M | €1.86M | €1.85M | €1.84M | ▼ 0.5% |
| Other tangible fixed assets26 | €47k | €35k | €21k | €21k | €17k | ▼ 20.2% |
| Financial fixed assets28 | €11k | €11k | €11k | €11k | €11k | = |
| Current assets29/58 | €2k | €1k | €628 | €535 | €2k | ▲ 247% |
| Cash at bank and in hand54/58 | €1k | €1k | €628 | €535 | €915 | ▲ 71.0% |
| Deferred charges and accrued income490/1 | €859 | €18 | - | - | €944 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.94M | €1.92M | €1.89M | €1.88M | €1.87M | ▼ 0.6% |
| Equity10/15 | €1.23M | €1.25M | €1.25M | €1.26M | €1.28M | ▲ 1.0% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | €62k | €62k | €62k | €62k | €62k | = |
| Issued capital100 | €62k | €62k | €62k | €62k | €62k | = |
| Revaluation surpluses12 | €1.81M | €1.81M | €1.81M | €1.81M | €1.81M | = |
| Reserves13 | €11k | €11k | €11k | €11k | €11k | = |
| Non-distributable reserves130/1 | €4k | €4k | €4k | €4k | €4k | = |
| Legal reserve130 | €4k | €4k | €4k | €4k | €4k | = |
| Tax-exempt reserves132 | €8k | €8k | €8k | €8k | €8k | = |
| Profit (loss) carried forward14 | €-648k | €-637k | €-631k | €-619k | €-606k | ▲ 2.0% |
| Amounts payable17/49 | €703k | €670k | €641k | €620k | €596k | ▼ 3.8% |
| Amounts payable after more than one year17 | €183k | €180k | €180k | €180k | €180k | = |
| Financial debts170/4 | €183k | €180k | €180k | €180k | €180k | = |
| Amounts payable within one year42/48 | €520k | €490k | €461k | €440k | €416k | ▼ 5.4% |
| Current portion of amounts payable after more than one year42 | €5k | €3k | - | - | - | - |
| Trade debts44 | €5k | €7k | €11k | €3k | €3k | ▲ 3.4% |
| Suppliers440/4 | €5k | €7k | €11k | €3k | €3k | ▲ 3.4% |
| Taxes, remuneration and social security45 | €5k | €4k | €2k | €2k | €5k | ▲ 90.3% |
| Taxes450/3 | €5k | €4k | €2k | €2k | €5k | ▲ 90.3% |
| Other amounts payable47/48 | €505k | €476k | €448k | €435k | €409k | ▼ 6.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14k | €11k | €5k | €13k | €12k | ▼ 1.0% |
| + Depreciation and write-downs630 | €22k | €22k | €23k | €13k | €13k | ▼ 6.3% |
| Operating cash flow (approximation) | €36k | €33k | €28k | €26k | €25k | ▼ 3.7% |
| Investment in fixed assets (approximation) | - | €-2k | €0 | €-5k | €0 | ▲ 100.0% |
| Change in cash | - | €-320 | €-390 | €-93 | €380 | ▲ 508% |
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
13-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
14-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
14-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
04-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 4 days late
2022
05-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 5 days late
2021
31-12
Financial
Highest result since 2018net €14k ▲18.3%
Operating result €19k, net result €14k, both a record.
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
03-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 3 days late
2019
31-12
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
13-06
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 4 acts read
About the unread acts
We know of 4 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
4 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, Watermaal-Bosvoorde · 1 establishment unit since 1988
Ground area
570 m²
Building footprint
450 m²
Volume, LiDAR
6,649 m³
2 parcels, Brussels · tallest building 21.4 m, ±6 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
I.C.L.P.
since 19882.039.361.256
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21652E0001/00K000 | Brussels | 320 m² | 1 · 315 m² | 17.0 m · 5 fl. |
| 21822R0219/00X004 | Brussels | 250 m² | 1 · 134 m² | 21.4 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPublic limited company
Founded18-07-1988
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.