LDC
Annual accounts 2025
micro format, filed on 28-11-2025, 153 days before the deadline€148,873
▲ 18.6%
€147,362
▲ 18.7%
€114,487
▲ 18.9%
€19,737
▼ 43.7%
13.8%
▼ 17.6 percentage points
1.14
▼ 0.27
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €250,000. Estimated: probably between €210,000 and €300,000.
Balance sheet
balance sheet total €159,141 on 30-09-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
13.8%
Higher than 19% of 39,376 companies in 2025.
1.14
Higher than 30% of 38,058 companies in 2025.
71.9%
Higher than 95% of 38,530 companies in 2025.
LDC
Middle half of the sector
80% of the sector
Micro accounts in head offices and management consultancy (NACE 70)
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||
20/58 |
159,141 | 123,024 | 166,830 | 245,397 | 311,132 | 250,492 | 187,633 | 131,578 | 103,938 | 125,666 | 73,318 | |
21/28 |
2,263 | 3,591 | 3,772 | 4,756 | 868 | 3,364 | 6,226 | 4,895 | 1,244 | 641 | 2,601 | |
22/27 |
2,263 | 3,591 | 3,772 | 4,756 | 868 | 3,364 | 6,226 | 4,895 | 1,244 | 641 | 2,601 | |
23 |
1,804 | 2,788 | 3,772 | 4,756 | 868 | 1,966 | 3,065 | 4,163 | 924 | - | 50 | |
24 |
459 | 803 | - | - | - | 1,398 | 3,161 | 731 | 320 | 641 | 2,551 | |
29/58 |
156,878 | 119,433 | 163,058 | 240,641 | 310,264 | 247,128 | 181,407 | 126,684 | 102,694 | 125,026 | 70,718 | |
40/41 |
2,373 | 2,317 | 161 | 98 | 2,605 | 537 | 18,223 | 16,352 | 23,071 | 14,668 | 31,267 | |
40 |
- | - | 161 | - | 18 | 537 | 17,000 | 16,335 | 6,595 | 13,526 | 29,135 | |
41 |
2,373 | 2,317 | - | 98 | 2,587 | - | 1,223 | 17 | 16,477 | 1,142 | 2,132 | |
50/53 |
- | 25,649 | 25,566 | 132,911 | 132,830 | 102,499 | 72,253 | 49,766 | 39,599 | - | - | |
54/58 |
152,854 | 89,947 | 135,876 | 105,055 | 173,614 | 142,907 | 89,777 | 59,420 | 36,764 | 110,358 | 39,416 | |
490/1 |
1,651 | 1,520 | 1,455 | 2,577 | 1,216 | 1,186 | 1,154 | 1,146 | 3,259 | - | 35 | |
| Balance sheet: equity and liabilities | ||||||||||||
10/49 |
159,141 | 123,024 | 166,830 | 245,397 | 311,132 | 250,492 | 187,633 | 131,578 | 103,938 | 125,666 | 73,318 | |
10/15 |
22,000 | 38,657 | 128,398 | 227,626 | 307,628 | 234,727 | 168,483 | 112,926 | 99,725 | 104,786 | 62,305 | |
10/11 |
20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | |
100 |
- | - | - | - | - | - | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | |
13 |
2,000 | 18,657 | 108,398 | 207,626 | 287,628 | 214,727 | 148,483 | 92,926 | 77,000 | 84,786 | 42,305 | |
130/1 |
2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | |
1311 |
2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | - | - | - | - | - | |
133 |
- | 16,657 | 106,398 | 205,626 | 285,628 | 212,727 | 146,483 | 90,926 | 75,000 | 82,786 | 40,305 | |
14 |
- | - | - | - | - | - | - | - | 2,725 | - | - | |
17/49 |
137,141 | 84,367 | 38,432 | 17,771 | 3,504 | 15,766 | 19,150 | 18,653 | 4,214 | 20,880 | 11,014 | |
42/48 |
137,141 | 84,367 | 38,432 | 17,771 | 3,504 | 15,766 | 19,150 | 18,158 | 4,214 | 20,880 | 11,014 | |
44 |
2,032 | 2,120 | 2,277 | 2,270 | 2,322 | 4,804 | 14,237 | 7,175 | 3,499 | 1,617 | 6,748 | |
440/4 |
2,032 | 2,120 | 2,277 | 2,270 | 2,322 | 4,804 | 14,237 | 7,175 | 3,499 | 1,617 | 6,748 | |
45 |
3,907 | 2,247 | 36,155 | 15,501 | 1,182 | 10,962 | 4,675 | 10,679 | 360 | 19,133 | 4,076 | |
450/3 |
3,907 | 2,247 | 36,155 | 12,325 | 1,156 | 10,621 | 1,810 | 10,679 | 360 | 19,133 | 4,076 | |
454/9 |
- | - | - | 3,176 | 26 | 341 | 2,865 | - | - | - | - | |
47/48 |
131,202 | 80,000 | - | - | - | - | 238 | 303 | 354 | 129 | 189 | |
492/3 |
- | - | - | - | - | - | - | 495 | - | - | - | |
| Income statement | ||||||||||||
76A |
- | - | 4,525 | - | - | - | - | - | - | 5,452 | - | |
9900 |
148,873 | 125,559 | 133,055 | 117,124 | 94,688 | 87,514 | 74,659 | 21,388 | -3,417 | 57,559 | 64,066 | |
630 |
1,328 | 1,213 | 984 | 1,032 | 2,496 | 2,862 | 2,862 | 1,784 | 551 | 800 | 2,010 | |
640/8 |
183 | 250 | 109 | 226 | 101 | 274 | 98 | 191 | 243 | 92 | 143 | |
9901 |
147,362 | 124,096 | 131,962 | 115,866 | 92,091 | 84,378 | 71,699 | 19,412 | -4,211 | 56,666 | 61,913 | |
75/76B |
870 | 788 | 7,247 | 1,159 | 959 | 865 | 404 | 397 | 190 | 92 | 72 | |
75 |
870 | 788 | 7,247 | 1,159 | 959 | 865 | 404 | 397 | 190 | 92 | 72 | |
65/66B |
588 | 745 | 1,279 | 888 | 524 | 473 | 516 | 576 | 915 | 603 | 618 | |
65 |
588 | 745 | 1,279 | 888 | 524 | 473 | 516 | 576 | 915 | 603 | 618 | |
9903 |
147,643 | 124,139 | 137,930 | 116,137 | 92,526 | 84,770 | 71,587 | 19,234 | -4,937 | 61,607 | 61,367 | |
67/77 |
33,156 | 27,880 | 31,557 | 26,139 | 19,625 | 18,526 | 16,030 | 6,033 | 125 | 19,125 | 19,062 | |
9904 |
114,487 | 96,259 | 106,372 | 89,998 | 72,901 | 66,244 | 55,557 | 13,201 | -5,062 | 42,482 | 42,305 | |
9905 |
114,487 | 96,259 | 106,372 | 89,998 | 72,901 | 66,244 | 55,557 | 13,201 | -5,062 | 42,482 | 42,305 | |
| Appropriation of the result | ||||||||||||
9906 |
114,487 | 96,259 | 106,372 | 89,998 | 72,901 | 66,244 | 55,557 | 15,926 | -5,062 | 42,482 | 42,305 | |
791/2 |
16,657 | 106,000 | 205,600 | 170,000 | - | - | - | - | 7,786 | - | - | |
691/2 |
- | 16,259 | 106,372 | 89,998 | 72,901 | 66,244 | 55,557 | 15,926 | - | 42,482 | 42,305 | |
6920 |
- | - | - | - | - | - | - | - | - | - | 2,000 | |
6921 |
- | 16,259 | 106,372 | 89,998 | 72,901 | 66,244 | 55,557 | 15,926 | - | 42,482 | 40,305 | |
694/7 |
131,144 | 186,000 | 205,600 | 170,000 | - | - | - | - | - | - | - | |
694 |
131,144 | 186,000 | 205,600 | 170,000 | - | - | - | - | - | - | - | |
| Document | ||||||||||||
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 28-11-2025.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 28-11-2025 | 2025-00574474 | |
| 30-09-2024 | micro format | 18-11-2024 | 2024-00601819 | |
| 30-09-2023 | micro format | 27-02-2024 | 2024-00036003 | |
| 30-09-2022 | micro format | 23-03-2023 | 2023-00045112 | |
| 30-09-2021 | micro format | 25-03-2022 | 2022-08800081 | |
| 30-09-2020 | micro format | 16-04-2021 | 2021-10600195 | |
| 30-09-2019 | micro format | 17-04-2020 | 2020-09400120 | |
| 30-09-2018 | micro format | 09-04-2019 | 2019-09700004 | |
| 30-09-2017 | micro format | 13-04-2018 | 2018-10000111 | |
| 30-09-2016 | abbreviated format | 31-03-2017 | 2017-08300329 | |
| 30-09-2015 | abbreviated format | 31-03-2016 | 2016-09000369 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 148,690 | 125,309 | 132,946 | 116,898 | 94,587 | 87,240 | 74,561 | 21,197 | -3,660 | 57,467 | 63,923 | ||
| 115,815 | 97,472 | 107,356 | 91,029 | 75,397 | 69,106 | 58,419 | 14,986 | -4,511 | 43,282 | 44,315 | ||
| 0 | 1,032 | 0 | 4,920 | 0 | 0 | 4,193 | 5,435 | 1,155 | -1,160 | 1,922 | ||
| 62,906 | -45,928 | 30,820 | -68,558 | 30,707 | 53,129 | 30,358 | 22,655 | -73,593 | 70,941 | - | ||
| 19,737 | 35,066 | 124,626 | 222,870 | 306,760 | 231,363 | 162,257 | 108,526 | 98,480 | 104,146 | 59,704 | ||
| 13.8% | 31.4% | 77.0% | 92.8% | 98.9% | 93.7% | 89.8% | 85.8% | 95.9% | 83.4% | 85.0% | ||
| 1.14 | 1.42 | 4.24 | 13.54 | 88.54 | 15.68 | 9.47 | 6.98 | 24.37 | 5.99 | 6.42 | ||
| 6.23 | 2.18 | 0.30 | 0.08 | 0.01 | 0.07 | 0.11 | 0.17 | 0.04 | 0.20 | 0.18 | ||
| 520.4% | 249.0% | 82.8% | 39.5% | 23.7% | 28.2% | 33.0% | 11.7% | -5.1% | 40.5% | 67.9% | ||
| 71.9% | 78.2% | 63.8% | 36.7% | 23.4% | 26.4% | 29.6% | 10.0% | -4.9% | 33.8% | 57.7% | ||
| over 100 | over 100 | over 100 | over 100 | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 |
|---|---|---|---|---|
| Tangible fixed assets | - | €1,032 | - | €4,920 |
| €1,328 | €1,213 | €984 | €1,032 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on LDC
The operating result for 2025 is 19% higher than in 2024 and the highest since 2015. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total rises from 68.6% to 86.2%. Equity is lower and debt is higher.