Equity
LCTS paid out €80,000 in dividends. That is 106% of the 2025 profit.
LCTS paid out €80,000 in dividends. That is 106% of the 2025 profit.
The micro format states no turnover.
Debts rose by €140,080 in 2025. A dividend stands under other debts on the balance sheet date until it is paid.
Green is investment, beige is depreciation.
Ten of the last ten came late. The 2022 accounts came latest: 190 days after the end of the period.
Higher net result than 88% of companies in architecture and engineering. Sector median €16,510 · 12,254 companies.
In July 2024, 20,135 companies had the same profile as LCTS has now. Each dot stands for 51 companies, two years later.
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 20,135 companies, not a prediction for LCTS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| LCTS Froidchapelle | €613,272 | €482,516 | 33.8% | - |
| HD Square Engineering Lessines | €705,777 | €448,752 | 35.9% | 4.8 |
| ECORESI Etterbeek | €600,938 | €456,257 | 65.1% | - |
| STABETEK Tielt-Winge | €542,117 | €468,034 | 34.7% | - |
| NEY AND PARTNERS - ARCHITECTURE Watermael-Boitsfort | €541,394 | €445,285 | 40.3% | 3.4 |
| Détang Engineering Nivelles | €633,825 | €572,759 | 50.4% | 2.9 |
| G.N.O. Brasschaat | €590,221 | €457,760 | 27.2% | - |
These companies have the same main activity as LCTS: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €541,000 and €706,000, founded between 1996 and 2003.
LCTS files the micro format. That format states no turnover. The gross margin rose from €154,902 in 2006 to €482,516 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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