LDS
ActiveSummary
LDS has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€615,368) and a net result of -€60,328. Equity is shrinking by ~12.9% per year across the filed fiscal years. Its solvency ranks better than 5% of 37948 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability22▲+6
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 2.0 against 2.07 in 2023; short-term debt: 50% and cash: 0.4% of total assets), but equity is negative.
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Signals
Six 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 →
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
-61.3%
Return on assets
-6%
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 · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€615,368
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 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
31 d late
2023
31 d late
2022
30 d late
2021
5 d early
2020
2 d early
2019
122 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 35 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€615,368▼ 10.9%
2023 · -€555,040
Total assets
€1.0m▲ 0.4%
2023 · €1.0m
Net result
-€60,328▲ 31.4%
2023 · -€87,974
Working capital
€502,094▼ 2.9%
2023 · €517,292
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€18,886▼ 88.7%-€47,104-€9,612▲ 79.6%-€15,452▼ 60.8%-€14,912▲ 3.5%
Net result-€166,718-€99,487▲ 40.3%-€10,061▲ 89.9%-€87,974▼ 774%-€60,328▲ 31.4%
Equity-€357,518▼ 87.4%-€457,005▼ 27.8%-€467,066▼ 2.2%-€555,040▼ 18.8%-€615,368▼ 10.9%
Total assets€452,101▲ 19.9%€407▼ 99.9%€1.0m▲ 245,604%€1.0m=€1.0m▲ 0.4%
Debt€809,619▲ 42.6%€457,412▼ 43.5%€1.5m▲ 221%€1.6m▲ 6.0%€1.6m▲ 4.2%
Working capital-€357,518▼ 71.9%-€457,005▼ 27.8%€532,934€517,292▼ 2.9%€502,094▼ 2.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €14,912 in 2024 against €15,452 in 2023; the loss shrinks.
Key figures and ratios
Solvency
-61.3%▼
2023 · -55.5%
Current ratio
2.00▼
2023 · 2.07
Debt to equity
-2.63▲
2023 · -2.80
ROA
-6.0%▲
2023 · -8.8%
Debt ≤ 1 year
€502,308▲
2023 · €482,708
Debt > 1 year
€1.0m=
2023 · €1.0m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,217 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- negative equity
- a small loss
1.2%
went bankrupt
2.6%
stopped otherwise
96%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,217 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €1,726 | €2,452 | €499 | €2,920 | ▲ 485% |
| Non-recurring operating charges66A | - | €53,088 | - | - | - | - |
| Gross operating margin9900 | €26,126 | €7,710 | -€7,160 | -€14,953 | -€11,992 | ▲ 19.8% |
| Operating profit (loss)9901 | €18,886 | -€47,104 | -€9,612 | -€15,452 | -€14,912 | ▲ 3.5% |
| Recurring financial income75 | €10,792 | - | - | - | - | - |
| Financial charges65/66B | - | €52,383 | €449 | €72,522 | €45,416 | ▼ 37.4% |
| Recurring financial charges65 | €7,577 | €52,383 | €449 | €72,522 | €45,416 | ▼ 37.4% |
| Profit (loss) for the period before taxes9903 | €19,950 | -€99,487 | -€10,061 | -€87,974 | -€60,328 | ▲ 31.4% |
| Income taxes67/77 | €186,667 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€166,718 | -€99,487 | -€10,061 | -€87,974 | -€60,328 | ▲ 31.4% |
| Profit (loss) for the period to be appropriated9905 | -€166,718 | -€99,487 | -€10,061 | -€87,974 | -€60,328 | ▲ 31.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €452,101 | €407 | €1.0m | €1.0m | €1.0m | ▲ 0.4% |
| Tangible fixed assets22/27 | - | €0 | - | - | - | - |
| Current assets29/58 | €452,101 | €407 | €1.0m | €1.0m | €1.0m | ▲ 0.4% |
| Amounts receivable within one year40/41 | €219,372 | €299 | €1.0m | €1.0m | €1.0m | = |
| Other amounts receivable41 | - | €299 | €1.0m | €1.0m | €1.0m | = |
| Cash at bank and in hand54/58 | €229 | €108 | €15 | - | €4,402 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €452,101 | €407 | €1.0m | €1.0m | €1.0m | ▲ 0.4% |
| Equity10/15 | -€357,518 | -€457,005 | -€467,066 | -€555,040 | -€615,368 | ▼ 10.9% |
| Contributions10/11 | €2.3m | €2.3m | €2.3m | €2.3m | €2.3m | = |
| Capital10 | - | €2.3m | €2.3m | €2.3m | €2.3m | = |
| Issued capital100 | - | €2.3m | €2.3m | €2.3m | €2.3m | = |
| Reserves13 | €6.1m | €6.1m | €6.1m | €6.1m | €6.1m | = |
| Distributable reserves133 | - | €6.1m | €6.1m | €6.1m | €6.1m | = |
| Profit (loss) carried forward14 | -€8.7m | -€8.8m | -€8.8m | -€8.9m | -€8.9m | ▼ 0.7% |
| Amounts payable17/49 | €809,619 | €457,412 | €1.5m | €1.6m | €1.6m | ▲ 4.2% |
| Amounts payable after more than one year17 | - | - | €1.0m | €1.0m | €1.0m | = |
| Financial debts170/4 | - | - | €1.0m | €1.0m | €1.0m | = |
| Amounts payable within one year42/48 | €809,619 | €457,412 | €467,081 | €482,708 | €502,308 | ▲ 4.1% |
| Financial debts43 | - | - | - | €158 | - | - |
| Credit institutions430/8 | - | - | - | €158 | - | - |
| Trade debts44 | €56,743 | €9,469 | €10,653 | €15,566 | €26,039 | ▲ 67.3% |
| Suppliers440/4 | - | €9,469 | €10,653 | €15,566 | €26,039 | ▲ 67.3% |
| Taxes, remuneration and social security45 | - | €321,788 | €318,288 | €308,288 | €308,288 | = |
| Taxes450/3 | - | €321,788 | €318,288 | €308,288 | €308,288 | = |
| Other amounts payable47/48 | - | €126,155 | €138,140 | €158,696 | €167,981 | ▲ 5.9% |
| Accrued charges and deferred income492/3 | - | - | - | €72,332 | €117,462 | ▲ 62.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€166,718 | -€99,487 | -€10,061 | -€87,974 | -€60,328 | ▲ 31.4% |
| Operating cash flow (approximation) | -€166,718 | -€99,487 | -€10,061 | -€87,974 | -€60,328 | ▲ 31.4% |
| Change in cash | - | -€121 | -€93 | - | - | - |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Liquidity times 2406current ratio 2.14
Current ratio from 0.00 to 2.14.
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet -€166,718
Net result drops to -€166,718, the lowest in the series; recovery starts the following year.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 122 days late
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 316 days late
2019
24-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 297 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
2016
29-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Show earlier events
2013
19-11
State Gazette act
Board meeting · Director resignation
Registered-office move
29-10
State Gazette act
General meeting · Director resignation
Director appointment · Mandate compensation
2012
28-09
State Gazette act
General meeting · Director reappointment
Permanent representative · Mandate compensation
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Oostende · 1 establishment unit since 2006
Ground area
4.9 ha
Building footprint
1.7 ha
Volume, LiDAR
116,054 m³
2 parcels, Flanders · tallest building 14.6 m, ±2 floors. Linked by address, not a title deed.
18
companies at this address
See who is registered here
1 establishment unit
LDS
since 20062.157.899.909
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31030A0339/00F002 | Flanders | 3.8 ha | 1 · 1.7 ha | 14.6 m · 2 fl. |
| 35026D0621/00D000 | Flanders | 1.1 ha | 1 · 63 m² | 5.5 m · 2 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.
Structure & network
Connections & network
4 connected companiesThis company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
BlueAlp Oostende Recycling
Shared director
→
ELECTRAWINDS
Shared director
→
Renasci
Shared director
→
RenaSci Oostende Smart Chain Processing
Shared director
→
Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded08-12-2006
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0885592380
Also
9925:BE0885592380
Registered
08-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.