LB SERV
ActiveSummary
LB SERV has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €224,085 and a net result of -€193,606. Equity is growing by ~5% per year across the filed fiscal years. Its solvency ranks better than 37% of 3210 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2023
Profitability0▼-77
Solvency62▼-11
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity ample (current ratio 13.85 against 11.26 in 2023; short-term debt: 5% and cash: 4.4% of total assets), but 62.9% of the assets are financed with debt.
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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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
37.1%
Return on assets
-32%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2023
30 d late
2022
8 d late
2021
12 d late
2020
4 d late
2019
53 d late
2018
16 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 17 days after the deadline; the sector median for financial year 2023 is 7 days before the deadline, and 34% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€193,606
2023 · €111,328
Working capital
€390,303▼ 47.4%
2023 · €742,326
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232025
Operating result€58,853=€20,974▼ 64.4%€17,485▼ 16.6%€65,456▲ 274%-€162,720-
Net result€42,021▲ 10.8%€9,968▼ 76.3%€6,623▼ 33.6%€111,328▲ 1,581%-€193,606-
Equity€370,449▲ 12.8%€380,417▲ 2.7%€387,039▲ 1.7%€417,691▲ 7.9%€224,085-
Total assets€724,917▲ 2.0%€682,308▼ 5.9%€676,759▼ 0.8%€869,959▲ 28.5%€604,803-
Debt€322,417▼ 7.3%€272,176▼ 15.6%€262,284▼ 3.6%€452,268▲ 72.4%€380,718-
Working capital€248,972▲ 3.0%€268,981▲ 8.0%€296,529▲ 10.2%€742,326▲ 150%€390,303-
Staff (FTE)0.31▲ 233%0.3▼ 70.0%1▲ 233%0.3-
Result per fiscal year
Operating resultNet result
The operating result is -€162,720 in 2025, compared with €65,456 in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €604,803
Fixed assets
€184,124 ▲ 233%
Current assets
€420,680 ▼ 48.4%
Equity and liabilities €604,803
Equity
€224,085 ▼ 46.4%
Debt
€380,718 ▼ 15.8%
Debt's share of the balance-sheet total rises from 52.0% to 62.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€130,463▼
2023 · €73,085
Cash flow
-€161,349▼
2023 · €118,957
Current ratio
13.85▲
2023 · 11.26
Debt to equity
1.70▲
2023 · 1.08
ROE
-86.4%▼
2023 · 26.7%
ROA
-32.0%▼
2023 · 12.8%
Interest coverage
-4.16▼
2023 · 5.10
Debt ≤ 1 year
€30,376▼
2023 · €72,354
Debt > 1 year
€350,342▼
2023 · €379,913
Staff costs
€35,001▲
2023 · €23,551
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €328,391 | - | - |
| Remuneration, social security and pensions62 | - | €20,121 | €20,851 | €23,551 | €35,001 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24,366 | €25,904 | €26,155 | €7,629 | €32,257 | - |
| Other operating charges640/8 | - | €4,718 | €2,703 | €6,409 | €15,939 | - |
| Gross operating margin9900 | €114,014 | €71,717 | €67,193 | €103,045 | -€79,522 | - |
| Operating profit (loss)9901 | €58,853 | €20,974 | €17,485 | €65,456 | -€162,720 | - |
| Financial income75/76B | - | €3,533 | €3,726 | €4,065 | €487 | - |
| Recurring financial income75 | €3,430 | €3,533 | €3,726 | €4,065 | €487 | - |
| Financial charges65/66B | - | €9,926 | €7,259 | €14,337 | €31,373 | - |
| Recurring financial charges65 | €9,845 | €9,926 | €7,259 | €14,337 | €31,373 | - |
| Profit (loss) for the period before taxes9903 | €52,438 | €14,581 | €13,952 | €55,184 | -€193,606 | - |
| Transfer from deferred taxes780 | - | €2,337 | €2,279 | €108,112 | - | - |
| Income taxes67/77 | €12,964 | €6,950 | €9,609 | €51,968 | - | - |
| Profit (loss) for the period9904 | €42,021 | €9,968 | €6,623 | €111,328 | -€193,606 | - |
| Transfer from tax-exempt reserves789 | - | €6,874 | €6,705 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €49,514 | €16,842 | €13,328 | €111,328 | -€193,606 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €724,917 | €682,308 | €676,759 | €869,959 | €604,803 | - |
| Fixed assets21/28 | €410,496 | €391,150 | €367,946 | €55,278 | €184,124 | - |
| Tangible fixed assets22/27 | €410,496 | €391,150 | €367,946 | €55,278 | €184,124 | - |
| Land and buildings22 | - | €374,955 | €354,782 | €3,189 | €90,170 | - |
| Furniture and vehicles24 | - | €16,195 | €13,164 | €52,089 | €93,953 | - |
| Current assets29/58 | €314,421 | €291,158 | €308,813 | €814,680 | €420,680 | - |
| Amounts receivable within one year40/41 | €249,060 | €256,701 | €269,959 | €312,634 | €392,442 | - |
| Trade receivables40 | - | €1,210 | €7,978 | €19,500 | €4,815 | - |
| Other amounts receivable41 | - | €255,491 | €261,981 | €293,134 | €387,627 | - |
| Cash at bank and in hand54/58 | €54,787 | €30,905 | €34,496 | €501,222 | €26,436 | - |
| Deferred charges and accrued income490/1 | - | €3,552 | €4,358 | €824 | €1,801 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €724,917 | €682,308 | €676,759 | €869,959 | €604,803 | - |
| Equity10/15 | €370,449 | €380,417 | €387,039 | €417,691 | €224,085 | - |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | - |
| Capital10 | - | €18,600 | €18,600 | €18,600 | - | - |
| Issued capital100 | - | €18,600 | €18,600 | €18,600 | - | - |
| Reserves13 | €143,116 | €152,242 | €158,537 | €187,860 | €187,860 | - |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | - |
| Legal reserve130 | - | €1,860 | €1,860 | €1,860 | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €1,860 | - |
| Tax-exempt reserves132 | - | €87,382 | €80,677 | €0 | - | - |
| Distributable reserves133 | - | €63,000 | €76,000 | €186,000 | €186,000 | - |
| Profit (loss) carried forward14 | €208,733 | €209,575 | €209,903 | €211,231 | €17,625 | - |
| Provisions and deferred taxes16 | €32,051 | €29,715 | €27,435 | - | - | - |
| Deferred taxes168 | - | €29,715 | €27,435 | - | - | - |
| Amounts payable17/49 | €322,417 | €272,176 | €262,284 | €452,268 | €380,718 | - |
| Amounts payable after more than one year17 | €256,967 | €250,000 | €250,000 | €379,913 | €350,342 | - |
| Financial debts170/4 | - | €250,000 | €250,000 | €379,913 | €350,342 | - |
| Amounts payable within one year42/48 | €65,449 | €22,176 | €12,284 | €72,354 | €30,376 | - |
| Current portion of amounts payable after more than one year42 | - | €13,793 | €3,362 | €23,480 | €21,567 | - |
| Trade debts44 | €5,375 | €3,662 | €2,091 | €3,385 | €6,959 | - |
| Suppliers440/4 | - | €3,662 | €2,091 | €3,385 | €6,959 | - |
| Taxes, remuneration and social security45 | - | €4,722 | €6,831 | €45,489 | €1,851 | - |
| Taxes450/3 | - | €1,644 | €3,661 | €41,968 | - | - |
| Remuneration and social security454/9 | - | €3,078 | €3,170 | €3,521 | €1,851 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €42,021 | €9,968 | €6,623 | €111,328 | -€193,606 | - |
| + Depreciation and write-downs630 | €24,366 | €25,904 | €26,155 | €7,629 | €32,257 | - |
| Operating cash flow (approximation) | €66,387 | €35,872 | €32,777 | €118,957 | -€161,349 | - |
| Investment in fixed assets (approximation) | - | -€6,558 | -€2,950 | €305,038 | - | - |
| Change in cash | - | -€23,882 | €3,591 | €466,726 | - | - |
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
2026
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-06
Financial
Weakest financial yearnet -€193,606
Net result drops to -€193,606, the lowest in the series.
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
31-12
Financial
Highest result since 2018net €111,328 ▲1,581%
Net result €111,328, the highest in the series.
08-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 8 days late
2022
12-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 12 days late
2021
31-12
Financial
Liquidity triplescurrent ratio 13.13
Current ratio from 4.80 to 13.13; short-term debt falls from €65,449 to €22,176.
04-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 4 days late
2020
22-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 53 days late
2019
16-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 16 days late
2018
14-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 14 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 59 days late
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 61 days late
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, Rixensart · 1 establishment unit since 2002
Ground area
2,149 m²
Building footprint
899 m²
Volume, LiDAR
9,176 m³
2 parcels, Brussels, Wallonia · tallest building 21.2 m, ±5 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Rinsdelleplein 1, 1040 Etterbeek
since 20022.094.564.748
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25091F0384/00G000 | Wallonia | 1,088 m² | 1 · 166 m² | - |
| 21364B0191/00D004 | Brussels | 1,061 m² | 1 · 733 m² | 21.1 m · 5 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.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,583. 39,363 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
Founded16-10-2001
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
46190Agents in non-specialised wholesale trade
47741Retail sale of medical and orthopaedic goods, excluding prescription glasses and lenses
96230Day spas, saunas and steam baths
Scores and ratios are computed by Checked and are not a credit decision.