LC SERVICES
ActiveSummary
LC SERVICES has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €43k and a net result of €-27k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 23% of 4809 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability28▼-23
Solvency30▼-2
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 1.53 against 0.43 in 2023; short-term debt: 8.9% and cash: 0.2% of total assets), but 95.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Seven 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
4.9%
Return on assets
-3%
Age of the figures
21 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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 4809 sector peers (2024).
NBB · sector comparisonPosition among 4809 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 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 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
33 d early
2022
29 d late
2021
9 d late
2020
3 d late
2019
49 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-27k
2023 · €12k
Working capital
€41k
2023 · €-164k
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
Line20202021202220232024
Operating result€134k▲ 13.9%€127k▼ 5.4%€147k▲ 15.4%€38k▼ 73.9%€7k▼ 81.8%
Net result€77k▲ 31.3%€77k▼ 0.7%€88k▲ 14.3%€12k▼ 86.8%€-27k
Equity€394k▲ 24.5%€470k▲ 19.5%€558k▲ 18.7%€70k▼ 87.5%€43k▼ 38.4%
Total assets€967k▼ 3.5%€917k▼ 5.2%€869k▼ 5.3%€934k▲ 7.5%€879k▼ 5.9%
Debt€573k▼ 16.4%€446k▼ 22.1%€310k▼ 30.5%€864k▲ 178%€836k▼ 3.2%
Working capital€-125k▼ 11.3%€-142k▼ 14.1%€-22k▲ 84.5%€-164k▼ 646%€41k
Staff (FTE)0.51▲ 100%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 82% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €879k
Fixed assets
€760k ▼ 6.2%
Current assets
€119k ▼ 3.6%
Equity and liabilities €879k
Equity
€43k ▼ 38.4%
Debt
€836k ▼ 3.2%
Debt's share of the balance-sheet total rises from 92.5% to 95.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€57k▼
2023 · €89k
Cash flow
€24k▼
2023 · €62k
Current ratio
1.53▲
2023 · 0.43
Debt to equity
19.45▲
2023 · 12.38
ROE
-62.4%▼
2023 · 16.6%
ROA
-3.0%▼
2023 · 1.2%
Interest coverage
1.54▼
2023 · 3.67
Debt ≤ 1 year
€78k▼
2023 · €288k
Debt > 1 year
€757k▲
2023 · €576k
Income taxes
€-385▼
2023 · €4k
Staff costs
€63k▲
2023 · €29k
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 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €29k | €63k | ▲ 116% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €62k | €53k | €55k | €50k | €50k | = |
| Other operating charges640/8 | - | €1k | €1k | €1k | €185 | ▼ 85.6% |
| Gross operating margin9900 | €198k | €181k | €202k | €119k | €120k | ▲ 1.0% |
| Operating profit (loss)9901 | €134k | €127k | €147k | €38k | €7k | ▼ 81.8% |
| Financial income75/76B | - | - | - | €1k | €3k | ▲ 119% |
| Recurring financial income75 | - | - | - | €1k | €3k | ▲ 119% |
| Financial charges65/66B | - | €26k | €29k | €24k | €37k | ▲ 54.3% |
| Recurring financial charges65 | €32k | €26k | €29k | €24k | €37k | ▲ 54.3% |
| Profit (loss) for the period before taxes9903 | €102k | €101k | €118k | €16k | €-27k | ▼ 274% |
| Income taxes67/77 | €25k | €24k | €30k | €4k | €-385 | ▼ 110% |
| Profit (loss) for the period9904 | €77k | €77k | €88k | €12k | €-27k | ▼ 332% |
| Profit (loss) for the period to be appropriated9905 | €77k | €77k | €88k | €12k | €-27k | ▼ 332% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €967k | €917k | €869k | €934k | €879k | ▼ 5.9% |
| Fixed assets21/28 | €950k | €909k | €861k | €810k | €760k | ▼ 6.2% |
| Tangible fixed assets22/27 | €950k | €909k | €861k | €810k | €760k | ▼ 6.2% |
| Land and buildings22 | - | €896k | €853k | €804k | €756k | ▼ 6.0% |
| Plant, machinery and equipment23 | - | €4k | €0 | - | - | - |
| Furniture and vehicles24 | - | €8k | €8k | €6k | €4k | ▼ 29.4% |
| Financial fixed assets28 | - | - | - | €79 | €79 | = |
| Current assets29/58 | €16k | €8k | €8k | €124k | €119k | ▼ 3.6% |
| Amounts receivable after more than one year29 | - | - | - | €106k | €101k | ▼ 5.2% |
| Other amounts receivable291 | - | - | - | €106k | €101k | ▼ 5.2% |
| Amounts receivable within one year40/41 | - | - | - | €1k | €12k | ▲ 942% |
| Trade receivables40 | - | - | - | €197 | €6k | ▲ 2,966% |
| Other amounts receivable41 | - | - | - | €953 | €6k | ▲ 524% |
| Cash at bank and in hand54/58 | €15k | €7k | €7k | €15k | €2k | ▼ 87.1% |
| Deferred charges and accrued income490/1 | - | €1k | €1k | €1k | €5k | ▲ 235% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €967k | €917k | €869k | €934k | €879k | ▼ 5.9% |
| Equity10/15 | €394k | €470k | €558k | €70k | €43k | ▼ 38.4% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | - | €19k | - | - | - | - |
| Issued capital100 | - | €19k | - | - | - | - |
| Reserves13 | €2k | €2k | €2k | €51k | €24k | ▼ 52.4% |
| Non-distributable reserves130/1 | - | €2k | €2k | €0 | - | - |
| Legal reserve130 | - | €2k | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €2k | €0 | - | - |
| Distributable reserves133 | - | - | - | €51k | €24k | ▼ 52.4% |
| Profit (loss) carried forward14 | €373k | €450k | €538k | €0 | €0 | - |
| Amounts payable17/49 | €573k | €446k | €310k | €864k | €836k | ▼ 3.2% |
| Amounts payable after more than one year17 | €432k | €296k | €280k | €576k | €757k | ▲ 31.2% |
| Financial debts170/4 | - | €296k | €280k | €576k | €757k | ▲ 31.2% |
| Amounts payable within one year42/48 | €141k | €151k | €30k | €288k | €78k | ▼ 73.0% |
| Current portion of amounts payable after more than one year42 | - | €136k | €24k | €46k | €42k | ▼ 8.8% |
| Trade debts44 | €1k | €1k | €545 | €83k | €29k | ▼ 65.1% |
| Suppliers440/4 | - | €1k | €545 | €83k | €29k | ▼ 65.1% |
| Advances received on contracts in progress46 | - | - | - | €581 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | €13k | €5k | €8k | €7k | ▼ 17.1% |
| Taxes450/3 | - | €13k | €5k | €5k | €0 | ▼ 100% |
| Remuneration and social security454/9 | - | - | - | €3k | €7k | ▲ 140% |
| Other amounts payable47/48 | - | €338 | €0 | €150k | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | - | - | €2k | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €77k | €77k | €88k | €12k | €-27k | ▼ 332% |
| + Depreciation and write-downs630 | €62k | €53k | €55k | €50k | €50k | = |
| Operating cash flow (approximation) | €139k | €130k | €142k | €62k | €24k | ▼ 61.9% |
| Investment in fixed assets (approximation) | - | €-11k | €-7k | €-79 | €0 | ▲ 100% |
| Change in cash | - | €-8k | €-529 | €8k | €-13k | ▼ 257% |
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
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 28 days late
2024
31-12
Financial
Weakest financial yearnet €-27k
Net result drops to €-27k, the lowest in the series.
31-12
Financial
Liquidity quadruplescurrent ratio 1.53
Current ratio from 0.43 to 1.53; short-term debt falls from €288k to €78k.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 29 days late
2022
31-12
Financial
Highest result since 2018net €88k ▲14.3%
Operating result €147k, net result €88k, both a record.
31-12
Financial
Equity above €500kEq €558k ▲18.7%
5 profitable years in a row build equity to €558k.
09-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 9 days late
2021
03-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 3 days late
2020
18-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 49 days late
2019
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
7 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, Brussel · 2 establishment units since 2010
Ground area
2,728 m²
Building footprint
1,225 m²
Volume, LiDAR
21,246 m³
2 parcels, Brussels, Flanders · tallest building 28.8 m, ±8 floors. Linked by address, not a title deed.
52
companies at this address
See who is registered here
2 establishment units
LC SERVICES
since 20102.258.213.250
Bellemstraat 165, 9880 Aalter
since 20232.346.473.055
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44502C0314/00_000 | Flanders | 1,578 m² | 1 · 218 m² | 11.4 m · 3 fl. |
| 21803C1122/00M002 | Brussels | 1,150 m² | 1 · 1,007 m² | 28.8 m · 8 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.
Similar companies · same sector, comparable size
COUDENBERG PROPERTY PARTNERS
BE 0839.880.240
Bastogne · Eq €42,932
MASS-IMMO INVEST
BE 0775.337.331
Quaregnon · Eq €42,828
DWA INVEST
BE 0797.709.786
Namur · Eq €43,162
FALCON CITY
BE 1013.245.568
Charleroi · Eq €43,164
ARGOS
BE 0427.971.225
Nieuwpoort · Eq €42,769
Of 9,143 companies in sector 68201 we hold annual accounts for 6,764. 3,149 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
Founded26-01-2007
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
86995Nutrition and dietetics services
Scores and ratios are computed by Checked and are not a credit decision.