LDW SERVICES
ActiveSummary
LDW SERVICES has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €245,591 and a net result of €24,238. Equity is growing by ~6.2% per year across the filed fiscal years. Its solvency ranks better than 54% of 31958 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability64▲+6
Solvency85▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18,000 at 30 days acceptable
Liquidity ample (current ratio 2.5 against 2.43 in 2024; short-term debt: 39.9% and cash: 17.5% of total assets), and 39.9% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five 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 →
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
60.1%
Return on assets
5.9%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 23-12-2025, 39 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
39 d early
2024
4 d late
2023
on the day
2022
42 d early
2021
55 d early
2020
23 d late
2019
9 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 17 days before 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 (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 23 December (4 of the last 5 filed years within 39 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€245,591▲ 11.0%
2024 · €221,352
Total assets
€408,650▲ 8.9%
2024 · €375,080
Net result
€24,238▲ 76.4%
2024 · €13,740
Working capital
€244,947▲ 12.0%
2024 · €218,677
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€40,430▲ 69.6%€24,895▼ 38.4%€7,372▼ 70.4%€29,562▲ 301%€44,249▲ 49.7%
Net result€24,983within the sector's middle half▲ 98.3%€12,502within the sector's middle half▼ 50.0%€302below the sector's middle half▼ 97.6%€13,740within the sector's middle half▲ 4,443%€24,238within the sector's middle half▲ 76.4%
Equity€194,808within the sector's middle half▲ 14.7%€207,310within the sector's middle half▲ 6.4%€207,612within the sector's middle half▲ 0.1%€221,352within the sector's middle half▲ 6.6%€245,591above the sector's middle half▲ 11.0%
Total assets€331,648within the sector's middle half▲ 8.8%€346,468within the sector's middle half▲ 4.5%€353,302within the sector's middle half▲ 2.0%€375,080within the sector's middle half▲ 6.2%€408,650within the sector's middle half▲ 8.9%
Debt€136,839▲ 1.3%€139,159▲ 1.7%€145,690▲ 4.7%€153,728▲ 5.5%€163,059▲ 6.1%
Working capital€171,567above the sector's middle half▲ 9.3%€192,376above the sector's middle half▲ 12.1%€201,709above the sector's middle half▲ 4.9%€218,677above the sector's middle half▲ 8.4%€244,947above the sector's middle half▲ 12.0%
Solvency58.7%within the sector's middle half▲ 3.1pp59.8%within the sector's middle half▲ 1.1pp58.8%within the sector's middle half▼ 1.1pp59.0%within the sector's middle half▲ 0.3pp60.1%within the sector's middle half▲ 1.1pp
Current ratio2.30within the sector's middle half▲ 0.092.44within the sector's middle half▲ 0.132.43within the sector's middle half=2.43within the sector's middle half▼ 0.012.50within the sector's middle half▲ 0.08
Return on assets (ROA)7.5%within the sector's middle half▲ 3.4pp3.6%within the sector's middle half▼ 3.9pp0.1%below the sector's middle half▼ 3.5pp3.7%within the sector's middle half▲ 3.6pp5.9%within the sector's middle half▲ 2.3pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 50% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €408,650
Fixed assets
€724 ▼ 77.4%
Current assets
€407,926 ▲ 9.7%
Equity and liabilities €408,650
Equity
€245,591 ▲ 11.0%
Debt
€163,059 ▲ 6.1%
Debt's share of the balance-sheet total falls from 41.0% to 39.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€47,227▲
2024 · €37,357
Cash flow
€27,216▲
2024 · €21,535
Debt to equity
0.66▼
2024 · 0.69
ROE
9.9%▲
2024 · 6.2%
Interest coverage
4.59▲
2024 · 4.18
Debt ≤ 1 year
€162,979▲
2024 · €153,196
Income taxes
€10,944▲
2024 · €7,039
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 34,696 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,934 | €9,085 | €9,027 | €7,795 | €2,978 | ▼ 61.8% |
| Other operating charges640/8 | - | €780 | €1,117 | €929 | €914 | ▼ 1.6% |
| Gross operating margin9900 | €47,415 | €34,760 | €17,517 | €38,286 | €48,141 | ▲ 25.7% |
| Operating profit (loss)9901 | €40,430 | €24,895 | €7,372 | €29,562 | €44,249 | ▲ 49.7% |
| Financial income75/76B | - | €0 | €43 | €156 | €1,216 | ▲ 679% |
| Recurring financial income75 | €11 | €0 | €43 | €156 | €1,216 | ▲ 679% |
| Financial charges65/66B | - | €5,259 | €5,204 | €8,939 | €10,282 | ▲ 15.0% |
| Recurring financial charges65 | €5,207 | €5,259 | €5,204 | €8,939 | €10,282 | ▲ 15.0% |
| Profit (loss) for the period before taxes9903 | €35,233 | €19,636 | €2,212 | €20,779 | €35,182 | ▲ 69.3% |
| Income taxes67/77 | €10,250 | €7,134 | €1,909 | €7,039 | €10,944 | ▲ 55.5% |
| Profit (loss) for the period9904 | €24,983 | €12,502 | €302 | €13,740 | €24,238 | ▲ 76.4% |
| Profit (loss) for the period to be appropriated9905 | €25,230 | €12,502 | €302 | €13,740 | €24,238 | ▲ 76.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €331,648 | €346,468 | €353,302 | €375,080 | €408,650 | ▲ 8.9% |
| Fixed assets21/28 | €28,291 | €20,046 | €11,019 | €3,207 | €724 | ▼ 77.4% |
| Tangible fixed assets22/27 | €28,211 | €19,966 | €10,939 | €3,127 | €644 | ▼ 79.4% |
| Furniture and vehicles24 | - | €18,907 | €10,218 | €2,745 | €458 | ▼ 83.3% |
| Other tangible fixed assets26 | - | €1,059 | €721 | €382 | €186 | ▼ 51.3% |
| Financial fixed assets28 | €80 | €80 | €80 | €80 | €80 | = |
| Current assets29/58 | €303,357 | €326,423 | €342,284 | €371,873 | €407,926 | ▲ 9.7% |
| Amounts receivable within one year40/41 | €17,840 | €13,986 | €44,583 | €28,054 | €52,887 | ▲ 88.5% |
| Trade receivables40 | - | €13,954 | €43,989 | €28,045 | €52,887 | ▲ 88.6% |
| Other amounts receivable41 | - | €32 | €595 | €9 | - | - |
| Current investments50/53 | - | - | - | - | €280,000 | - |
| Cash at bank and in hand54/58 | €282,023 | €310,156 | €295,018 | €340,665 | €71,460 | ▼ 79.0% |
| Deferred charges and accrued income490/1 | - | €2,281 | €2,682 | €3,154 | €3,579 | ▲ 13.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €331,648 | €346,468 | €353,302 | €375,080 | €408,650 | ▲ 8.9% |
| Equity10/15 | €194,808 | €207,310 | €207,612 | €221,352 | €245,591 | ▲ 11.0% |
| Contributions10/11 | - | €12,700 | €12,700 | €19,370 | €19,370 | = |
| Outside capital11 | - | €12,700 | €12,700 | - | - | - |
| Other1109/19 | - | €12,700 | €12,700 | - | - | - |
| Reserves13 | €175,070 | €187,570 | €187,570 | €194,600 | €218,800 | ▲ 12.4% |
| Non-distributable reserves130/1 | - | €6,670 | €6,670 | - | - | - |
| Reserves not available under the articles1311 | - | €6,670 | €6,670 | - | - | - |
| Distributable reserves133 | - | €180,900 | €180,900 | €194,600 | €218,800 | ▲ 12.4% |
| Profit (loss) carried forward14 | €7,038 | €7,040 | €7,342 | €7,382 | €7,421 | ▲ 0.5% |
| Amounts payable17/49 | €136,839 | €139,159 | €145,690 | €153,728 | €163,059 | ▲ 6.1% |
| Amounts payable within one year42/48 | €131,790 | €134,046 | €140,575 | €153,196 | €162,979 | ▲ 6.4% |
| Trade debts44 | €3,326 | €2,254 | €5,090 | €5,459 | €5,344 | ▼ 2.1% |
| Suppliers440/4 | - | €2,254 | €5,090 | €5,459 | €5,344 | ▼ 2.1% |
| Taxes, remuneration and social security45 | - | €5,058 | €6,242 | €11,417 | €20,032 | ▲ 75.5% |
| Taxes450/3 | - | €4,115 | €6,242 | €9,524 | €15,813 | ▲ 66.0% |
| Remuneration and social security454/9 | - | €943 | - | €1,893 | €4,219 | ▲ 123% |
| Other amounts payable47/48 | - | €126,734 | €129,242 | €136,321 | €137,603 | ▲ 0.9% |
| Accrued charges and deferred income492/3 | - | €5,112 | €5,116 | €532 | €81 | ▼ 84.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,983 | €12,502 | €302 | €13,740 | €24,238 | ▲ 76.4% |
| + Depreciation and write-downs630 | €4,934 | €9,085 | €9,027 | €7,795 | €2,978 | ▼ 61.8% |
| Operating cash flow (approximation) | €29,917 | €21,587 | €9,330 | €21,535 | €27,216 | ▲ 26.4% |
| Investment in fixed assets (approximation) | - | -€840 | €0 | €16 | -€495 | ▼ 3,102% |
| Change in cash | - | €28,133 | -€15,137 | €45,647 | -€269,205 | ▼ 690% |
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
2025
23-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
04-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Weakest financial yearnet €302 ▼97.6%
Net result drops to €302, the lowest in the series; recovery starts the following year.
2022
20-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial
Equity above €200,000Eq €207,310 ▲6.4%
4 profitable years in a row build equity to €207,310.
2021
07-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Highest result since 2019net €24,983 ▲98.3%
Net result €24,983, the highest in the series.
23-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
22-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 22 days late
2017
30-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Ukkel · 1 establishment unit since 2007
Ground area
422 m²
Building footprint
107 m²
Volume, LiDAR
991 m³
Parcel 21016B0212/00B009, Brussels · tallest building 10.7 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
LDW Services
since 20072.166.360.287
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21016B0212/00B009 | Brussels | 422 m² | 1 · 107 m² | 10.7 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.
Similar companies · same sector, comparable size
GoedGov
BE 0787.627.726
Kortrijk · Eq €245,595
Agrotech Leonard
BE 0824.852.267
Tongeren-Borgloon · Eq €245,623
W CONSULT
BE 0895.485.786
Mol · Eq €245,625
Viva financial consultancy
BE 0742.962.392
Antwerpen · Eq €245,627
VANADIS
BE 0750.515.427
Merelbeke-Melle · Eq €245,551
Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 39,012 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
Founded25-10-2007
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
82300Organisation of conventions and trade shows
85599Other education
E-invoicing
Reachable via Peppol
Peppol ID
0208:0893056036
Registered
18-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.