LCD
ActiveSummary
LCD has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €674k and a net result of €113k. Equity is growing by ~11.4% per year across the filed fiscal years. Its solvency ranks better than 65% of 7838 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▼-6
Solvency82▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 2.58 against 2.13 in 2024; short-term debt: 33.2% and cash: 25.4% of total assets), and 42.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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
Specialised construction activities (NACE 43)
about 85% more 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
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
57.4%
Return on assets
9.6%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
on the day
2022
on the day
2021
10 d late
2020
10 d late
2019
12 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 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€674k▲ 5.4%
2024 · €640k
2018: €390k
2019: €364k▼ -6.8% vs 2018
2020: €288k▼ -20.8% vs 2019lowest in 8 years
2021: €340k▲ +18.1% vs 2020
2022: €376k▲ +10.7% vs 2021
2023: €466k▲ +23.8% vs 2022
2024: €640k▲ +37.3% vs 2023
2025: €674k▲ +5.4% vs 2024highest in 8 years
2018 → 2025
Total assets
€1.17M▼ 3.8%
2024 · €1.22M
2018: €806k
2019: €624k▼ -22.6% vs 2018lowest in 8 years
2020: €850k▲ +36.4% vs 2019
2021: €1.14M▲ +34.5% vs 2020
2022: €966k▼ -15.6% vs 2021
2023: €1.00M▲ +3.8% vs 2022
2024: €1.22M▲ +21.7% vs 2023highest in 8 years
2025: €1.17M▼ -3.8% vs 2024
2018 → 2025
Net result
€113k▼ 34.8%
2024 · €174k
2018: €-39klowest in 8 years
2019: €18k▲ +147% vs 2018
2020: €14k▼ -22.7% vs 2019
2021: €52k▲ +266% vs 2020
2022: €36k▼ -30.0% vs 2021
2023: €90k▲ +147% vs 2022
2024: €174k▲ +93.5% vs 2023highest in 8 years
2025: €113k▼ -34.8% vs 2024
2018 → 2025
Working capital
€614k▲ 12.5%
2024 · €546k
2018: €211k
2019: €205k▼ -2.9% vs 2018
2020: €153k▼ -25.2% vs 2019lowest in 8 years
2021: €246k▲ +60.6% vs 2020
2022: €284k▲ +15.4% vs 2021
2023: €419k▲ +47.4% vs 2022
2024: €546k▲ +30.3% vs 2023
2025: €614k▲ +12.5% 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€340k-€376k▲ 10.7%€466k▲ 23.8%€640k▲ 37.3%€674k▲ 5.4%
2021: €340klowest in 5 years
2022: €376k▲ +10.7% vs 2021
2023: €466k▲ +23.8% vs 2022
2024: €640k▲ +37.3% vs 2023
2025: €674k▲ +5.4% vs 2024highest in 5 years
Operating result€65k-€51k▼ 20.9%€127k▲ 148%€259k▲ 103%€167k▼ 35.4%
2021: €65k
2022: €51k▼ -20.9% vs 2021lowest in 5 years
2023: €127k▲ +148% vs 2022
2024: €259k▲ +103% vs 2023highest in 5 years
2025: €167k▼ -35.4% vs 2024
Net result€52k-€36k▼ 30.0%€90k▲ 147%€174k▲ 93.5%€113k▼ 34.8%
2021: €52k
2022: €36k▼ -30.0% vs 2021lowest in 5 years
2023: €90k▲ +147% vs 2022
2024: €174k▲ +93.5% vs 2023highest in 5 years
2025: €113k▼ -34.8% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 35% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.17M
Fixed assets
€170k ▼ 10.6%
Current assets
€1.00M ▼ 2.6%
Equity and liabilities €1.17M
Equity
€674k ▲ 5.4%
Debt
€500k ▼ 13.9%
Debt's share of the balance-sheet total falls from 47.6% to 42.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€228k▼
2024 · €313k
Cash flow
€174k▼
2024 · €228k
Current ratio
2.58▲
2024 · 2.13
Quick ratio
2.35▲
2024 · 1.97
Debt to equity
0.74▼
2024 · 0.91
ROE
16.8%▼
2024 · 27.1%
ROA
9.6%▼
2024 · 14.2%
Interest coverage
25.51▲
2024 · 24.47
Debt ≤ 1 year
€390k▼
2024 · €484k
Debt > 1 year
€111k▲
2024 · €96k
Income taxes
€52k▼
2024 · €82k
Staff costs
€687k▲
2024 · €578k
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 · 61 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.22M€1.17M▼
Fixed assets21/28€190k€170k▼
Intangible fixed assets21€14-
Tangible fixed assets22/27€188k€168k▼
Plant, machinery and equipment23€89k€68k▼
Furniture and vehicles24€86k€89k▲
Other tangible fixed assets26€13k€11k▼
Financial fixed assets28€2k€2k=
Current assets29/58€1.03M€1.00M▼
Stocks and contracts in progress3€75k€87k▲
Stocks30/36€75k€87k▲
Amounts receivable within one year40/41€627k€529k▼
Trade receivables40€359k€268k▼
Other amounts receivable41€268k€261k▼
Current investments50/53-€81k
Cash at bank and in hand54/58€323k€299k▼
Deferred charges and accrued income490/1€5k€9k▲
Equity and liabilities
Total equity and liabilities10/49€1.22M€1.17M▼
Equity10/15€640k€674k▲
Contributions10/11€6k€6k=
Reserves13€613k€648k▲
Distributable reserves133€613k€648k▲
Profit (loss) carried forward14€20k€20k=
Amounts payable17/49€581k€500k▼
Amounts payable after more than one year17€96k€111k▲
Financial debts170/4€96k€111k▲
Amounts payable within one year42/48€484k€390k▼
Current portion of amounts payable after more than one year42€59k€68k▲
Financial debts43€113k€96k▼
Credit institutions430/8€113k€96k▼
Trade debts44€187k€155k▼
Suppliers440/4€187k€155k▼
Taxes, remuneration and social security45€121k€63k▼
Taxes450/3€71k€10k▼
Remuneration and social security454/9€50k€54k▲
Other amounts payable47/48€5k€7k▲
Accrued charges and deferred income492/3€443-
Income statement
Code20242025
Non-recurring operating income76A€10k€5k▼
Remuneration, social security and pensions62€578k€687k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€54k€61k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€10k-
Other operating charges640/8€8k€11k▲
Gross operating margin9900€909k€926k▲
Operating profit (loss)9901€259k€167k▼
Financial income75/76B€10k€9k▼
Recurring financial income75€10k€9k▼
Financial charges65/66B€13k€11k▼
Recurring financial charges65€13k€9k▼
Non-recurring financial charges66B-€2k
Profit (loss) for the period before taxes9903€256k€165k▼
Income taxes67/77€82k€52k▼
Profit (loss) for the period9904€174k€113k▼
Profit (loss) for the period to be appropriated9905€174k€113k▼
Appropriation of the result
Profit (loss) to be appropriated9906€194k€133k▼
Profit (loss) brought forward from the previous period14P€20k€20k=
Transfer from equity791/2-€79k
Transfer to equity691/2€174k€113k▼
To other reserves6921€174k€113k▼
Profit to be distributed694/7-€79k
Return on contributions (dividend)694-€79k
Social balance
Average headcount (FTE)908710.010.7▲
The notes to these accounts (16 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 | €7k | €6k | - | €10k | €5k | ▼ 53.4% |
| Remuneration, social security and pensions62 | €590k | €587k | €590k | €578k | €687k | ▲ 18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €76k | €63k | €61k | €54k | €61k | ▲ 11.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €-2k | - | €17k | €10k | - | - |
| Other operating charges640/8 | €7k | €4k | €9k | €8k | €11k | ▲ 41.0% |
| Non-recurring operating charges66A | €792 | €273 | €93k | - | - | - |
| Gross operating margin9900 | €736k | €705k | €897k | €909k | €926k | ▲ 1.8% |
| Operating profit (loss)9901 | €65k | €51k | €127k | €259k | €167k | ▼ 35.4% |
| Financial income75/76B | €5k | €6k | €10k | €10k | €9k | ▼ 7.9% |
| Recurring financial income75 | €5k | €6k | €10k | €10k | €9k | ▼ 7.9% |
| Financial charges65/66B | €7k | €6k | €8k | €13k | €11k | ▼ 16.3% |
| Recurring financial charges65 | €7k | €6k | €8k | €13k | €9k | ▼ 30.3% |
| Non-recurring financial charges66B | - | - | - | - | €2k | - |
| Profit (loss) for the period before taxes9903 | €63k | €52k | €129k | €256k | €165k | ▼ 35.3% |
| Income taxes67/77 | €11k | €15k | €39k | €82k | €52k | ▼ 36.5% |
| Profit (loss) for the period9904 | €52k | €36k | €90k | €174k | €113k | ▼ 34.8% |
| Profit (loss) for the period to be appropriated9905 | €52k | €36k | €90k | €174k | €113k | ▼ 34.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.14M | €966k | €1.00M | €1.22M | €1.17M | ▼ 3.8% |
| Fixed assets21/28 | €271k | €225k | €178k | €190k | €170k | ▼ 10.6% |
| Intangible fixed assets21 | - | €237 | €125 | €14 | - | - |
| Tangible fixed assets22/27 | €269k | €223k | €176k | €188k | €168k | ▼ 10.7% |
| Plant, machinery and equipment23 | €148k | €132k | €110k | €89k | €68k | ▼ 23.1% |
| Furniture and vehicles24 | €93k | €71k | €49k | €86k | €89k | ▲ 3.7% |
| Other tangible fixed assets26 | €27k | €20k | €16k | €13k | €11k | ▼ 20.6% |
| Financial fixed assets28 | €2k | €2k | €2k | €2k | €2k | = |
| Current assets29/58 | €873k | €740k | €825k | €1.03M | €1.00M | ▼ 2.6% |
| Stocks and contracts in progress3 | €90k | €107k | €72k | €75k | €87k | ▲ 15.8% |
| Stocks30/36 | €90k | €97k | €72k | €75k | €87k | ▲ 15.8% |
| Contracts in progress37 | - | €10k | - | - | - | - |
| Amounts receivable within one year40/41 | €560k | €463k | €496k | €627k | €529k | ▼ 15.7% |
| Trade receivables40 | €495k | €329k | €342k | €359k | €268k | ▼ 25.5% |
| Other amounts receivable41 | €65k | €134k | €153k | €268k | €261k | ▼ 2.6% |
| Current investments50/53 | - | - | - | - | €81k | - |
| Cash at bank and in hand54/58 | €208k | €163k | €251k | €323k | €299k | ▼ 7.6% |
| Deferred charges and accrued income490/1 | €15k | €7k | €6k | €5k | €9k | ▲ 74.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.14M | €966k | €1.00M | €1.22M | €1.17M | ▼ 3.8% |
| Equity10/15 | €340k | €376k | €466k | €640k | €674k | ▲ 5.4% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €314k | €350k | €440k | €613k | €648k | ▲ 5.6% |
| Distributable reserves133 | €314k | €350k | €440k | €613k | €648k | ▲ 5.6% |
| Profit (loss) carried forward14 | €20k | €20k | €20k | €20k | €20k | = |
| Provisions and deferred taxes16 | - | - | €37k | - | - | - |
| Provisions for liabilities and charges160/5 | - | - | €37k | - | - | - |
| Other liabilities and charges164/5 | - | - | €37k | - | - | - |
| Amounts payable17/49 | €804k | €590k | €500k | €581k | €500k | ▼ 13.9% |
| Amounts payable after more than one year17 | €177k | €133k | €94k | €96k | €111k | ▲ 15.0% |
| Financial debts170/4 | €177k | €133k | €94k | €96k | €111k | ▲ 15.0% |
| Amounts payable within one year42/48 | €627k | €456k | €406k | €484k | €390k | ▼ 19.6% |
| Current portion of amounts payable after more than one year42 | €46k | €48k | €43k | €59k | €68k | ▲ 16.1% |
| Financial debts43 | €113k | €113k | €125k | €113k | €96k | ▼ 14.7% |
| Credit institutions430/8 | €113k | €113k | €125k | €113k | €96k | ▼ 14.7% |
| Trade debts44 | €364k | €224k | €173k | €187k | €155k | ▼ 17.1% |
| Suppliers440/4 | €364k | €224k | €173k | €187k | €155k | ▼ 17.1% |
| Advances received on contracts in progress46 | - | €18k | - | - | - | - |
| Taxes, remuneration and social security45 | €53k | €42k | €64k | €121k | €63k | ▼ 47.7% |
| Taxes450/3 | €4k | €4k | €13k | €71k | €10k | ▼ 86.3% |
| Remuneration and social security454/9 | €49k | €37k | €52k | €50k | €54k | ▲ 6.7% |
| Other amounts payable47/48 | €52k | €13k | - | €5k | €7k | ▲ 37.0% |
| Accrued charges and deferred income492/3 | - | - | €450 | €443 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €52k | €36k | €90k | €174k | €113k | ▼ 34.8% |
| + Depreciation and write-downs630 | €76k | €63k | €61k | €54k | €61k | ▲ 11.4% |
| Operating cash flow (approximation) | €128k | €99k | €150k | €228k | €174k | ▼ 23.8% |
| Investment in fixed assets (approximation) | - | €-17k | €-13k | €-67k | €-40k | ▲ 39.3% |
| Change in cash | - | €-45k | €88k | €72k | €-25k | ▼ 134% |
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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Highest result since 2018net €174k ▲93.5%
Operating result €259k, net result €174k, both a record.
30-09
Financial
Equity above €500kEq €640k ▲37.3%
6 profitable years in a row build equity to €640k.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
10-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 10 days late
2021
10-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 10 days late
2020
12-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 12 days late
2019
30-09
Financial
Back to profitnet €18k
Net result €18k after one loss-making year.
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
03-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 3 days late
2017
10-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 10 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Duffel · 1 establishment unit since 2003
Ground area
2,730 m²
Building footprint
526 m²
Volume, LiDAR
3,891 m³
Parcel 12302D0460/00R002, Flanders · tallest building 9.9 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Mechelsebaan 83, 2570 Duffel
since 20032.123.241.017
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12302D0460/00R002 | Flanders | 2,730 m² | 1 · 526 m² | 9.8 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 4,990 EUR awarded · 4,877 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 2,113 EUR | 2,000 EUR |
| 2024 | 1 | 2,000 EUR | 2,000 EUR |
| 2023 | 1 | 818 EUR | 818 EUR |
| 2022 | 1 | 59 EUR | 59 EUR |
Schemes
Premie kwalificerend werkplekleren
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
6 live approvals · 1 endedBinnenschrijnwerk en interieur duaal (so)
Elektrische installaties duaal (so)
Elektrotechnisch installateur (vwo)
Installateur elektrotechnische basiscomponenten duaal (so)
Interieurbouwer duaal (so)
Machinaal houtbewerker duaal (so)
Show 1 ended approval
Binnenschrijnwerker (so)
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Of 22,815 companies in sector 43211 we hold annual accounts for 10,325. 5,735 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
Founded06-09-2002
Fiscal year end30-09
Activities, NACEBEL 2025
43211General electrical installation work
81220Other building cleaning and industrial cleaning
43350Other building finishing work
Contact
Scores and ratios are computed by Checked and are not a credit decision.