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LG CODING

Active Private limited companyfounded 2019active for 7 yearsAvenue Gai Soleil 20, 1410 WaterlooKBO/BCE: BE 0727.375.383
LG CODING
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Overview

Lifetime

7 annual accounts with figures on one time axis
peak €93,081 (2024)
€34,321▼ 63.1%
peak €69,538 (2024)
€23,362▼ 66.4%
peak €53,918 (2022)
€5,760▼ 76.4%
€129,152▲ 19.6%
Board1 name since 2019
- 
Documentsfilings and deeds
24-03-2026129 days before the deadline
2025micro format
Gross margin from €93,081 to €34,321Result from €69,538 to €23,362Dividend €42,000Equity from €24,398 to €5,760Debts from €107,992 to €129,152

Key points

from the 2025 annual accounts

Equity

€5,760 from €53,918 in 2022

Equity fell by 89% in 3 years.

Turnover

≈ €110,000 estimated

The micro format states no turnover.

Debts

€129,152 96% of the balance sheet
Suppliers 2%Taxes and wages 9%Other 89%

Of this, €129,085 falls due within a year.

Filings

7 annual accounts 1 late
AprilJune31 JulyOctober202020222024

The 2020 accounts came 3 days late. The other six were filed on time.

Position in the sector

4.3%

Lower solvency than 89% of companies in computer programming and consultancy. Sector median 60.0% · 21,217 companies.

Checked score

85
Excellent
Financially stronger than 26% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.1% across 25,933 companies (NACE 62, micro).

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.1%lowest value 01-2025: 0.5%▲ +0.4 percentage points vs 12-2024 02-2025: 0.5%● unchanged vs 01-2025 03-2025: 0.5%● unchanged vs 02-2025 04-2025: 0.6%▲ +0.1 percentage points vs 03-2025 05-2025: 0.6%● unchanged vs 04-2025 06-2025: 0.6%● unchanged vs 05-2025 07-2025: 0.7%▲ +0.1 percentage points vs 06-2025highest value 08-2025: 0.7%● unchanged vs 07-2025 09-2025: 0.7%● unchanged vs 08-2025 10-2025: 0.7%● unchanged vs 09-2025 11-2025: 0.7%● unchanged vs 10-2025 12-2025: 0.7%● unchanged vs 11-2025 01-2026: 0.1%▼ -0.6 percentage points vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.2%▲ +0.1 percentage points vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.2%● unchanged vs 07-2026 09-2026: 0.2%● unchanged vs 08-2026 10-2026: 0.2%● unchanged vs 09-2026 11-2026: 0.2%● unchanged vs 10-2026

Financial strength
Average

29-14equity 4.3% of total assets
50-5short-term debt 95.7% · cash 75.3%
90-10return on assets 17.3%

Score breakdown

raises risk
1 change of registered office in 24 months
Equity €5,760 (4.3% of total assets)
lowers risk
Sector: Computer programming, consultancy and related activities (NACE 62)
Liquidity: current ratio 1.04, cash €101,536
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, micro). It does better than 12% of them on solvency, 27% on liquidity, 54% on profitability and 9% on growth.

The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 2,153 companies had the same profile as LG CODING has now. Each dot stands for 6 companies, two years later.

96.0%
were still trading
2.2%
stopped another way
1.7%
went bankrupt
  • Micro
  • 5 to 10 years old
  • solvency under 10%
  • a profit of 5% of the balance sheet or more

The bankruptcy probability of LG CODING itself is lower: 0.2% within 12 months. It rests on far more data about LG CODING than the profile alone.

Test of the method

The method was tested on the 497,448 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 3.0% 3.1%
10 5.6% 6.2%

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 2,153 companies, not a prediction for LG CODING. 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.

Credit check for an amount and term of your choice

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.

Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Sector: Computer programming, consultancy and related activities (NACE 62)
KBO
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
lowers risk · Liquidity: current ratio 1.04, cash €101,536
NBB · annual accounts
raises risk · Equity €5,760 (4.3% of total assets)
NBB · annual accounts
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 21217 sector peers (2025).
NBB · sector comparison
Position among 21217 sector peers
Solvency
better than 11%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-03-2026, 129 days ahead of the deadline.
NBB · 7 filings
Deviation from the deadline
2025
129 days early
2024
35 days early
2023
26 days early
2022
28 days early
2021
32 days early
2020
3 days late
2019
21 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 38 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

last known board
GL
GHERSCHON Lisa
Director, last mentioned in 2019
  • GHERSCHON Lisa 300 sharesdeed of 24-05-2019
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0727375383
Registered office moved from Genappe to Waterloo New registered office: Avenue Gai Soleil, 20 à 1410 Waterloo · Previous registered office: Rue du Patronage, 4-1476 Genappe · Gazette deed
Registered office moved from Auderghem to Houtain-le-Val New registered office: Rue du Patronage, 4 à 1476 Houtain-le-Val · Previous registered office: Avenue du Paepedelle, 42-1160 Auderghem · Gazette deed
Incorporation Founding capital of €3,500, 300 shares · Founder: GHERSCHON Lisa (comparante) · Appointment: GHERSCHON Lisa (director) · published on 24-05-2019 · Gazette deed
All 14 events

Comparable companies

same main activity, similar in size and age
Company
LG CODING Waterloo €134,912 €34,321 4.3% -
KeyDao Wavre €118,844 €31,781 60.0% -
ISSARIS CONSULTANCY Dilsen-Stokkem €139,862 €32,772 20.3% -
MOOBYTES Anderlecht €141,025 €32,601 3.2% -
BBISS Herselt €130,624 €35,087 92.3% -
FT ADVISORY Brussels €143,003 €36,402 64.1% -
YMALAYA CONSULT Brussels €141,169 €31,620 5.8% -

These companies have the same main activity as LG CODING: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €119,000 and €143,000, founded between 2019 and 2020.

Official details

Source: KBO
Status
Active since 22-05-2019Normal situation
Activity
Computer consultancy and computer facilities managementNACE 62200
Establishment unit
2.289.609.0811410 Waterloo, since 22-05-2019
Financial year end
31 December
Peppol
Reachable since 24-12-2025
Company details

Annual accounts 2025

€34,321▼ 63.1%
€23,362▼ 66.4%
€5,760▼ 76.4%
€134,912▲ 1.9%
Filing
Filed on 24-03-2026, 129 days before the end of the filing period
Financials

Insights on LG CODING

LG CODING files the micro format. That format states no turnover. The gross margin rose from €28,888 in 2019 to €34,321 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 24-03-2026, 129 days before the deadline
€34,321
▼ 63.1%
€30,767
▼ 65.6%
€23,362
▼ 66.4%
€4,646
▼ 77.3%
4.3%
▼ 14.2 percentage points
1.04
▼ 0.15

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 ≈ €110,000. Estimated: probably between €93,000 and €160,000.

Balance sheet

balance sheet total €134,912 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

4.3%

Higher than 11% of 21,217 companies in 2025.

1.04

Higher than 19% of 20,581 companies in 2025.

17.3%

Higher than 48% of 20,756 companies in 2025.

LG CODING Middle half of the sector 80% of the sector Micro accounts in computer programming and consultancy (NACE 62)

Net result: middle half · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2025202420232022202120202019
Balance sheet: assets
20/58 134,912132,39049,26571,08876,22365,64540,961
20 ------320
21/28 1,1813,9747,0631,8752,3533,9082,429
22/27 1,1813,9747,0631,8752,3533,9082,429
24 1,1813,7846,6781,2941,5772,9372,429
26 -190385581776971-
29/58 133,731128,41642,20269,21373,87061,73738,212
40/41 30,85813,97511,8642,17415,33911,49514,278
40 28,50513,9759,680-15,33911,49514,278
41 2,353-2,1842,174---
50/53 ------21,974
54/58 101,536113,36023,72561,10356,04947,896-
490/1 1,3371,0816,6135,9362,4822,3461,960
Balance sheet: equity and liabilities
10/49 134,912132,39049,26571,08876,22365,64540,961
10/15 5,76024,39834,86053,91853,57242,67725,908
10/11 3,5003,5003,5003,5003,5003,5003,500
100 ------3,500
14 2,26020,89831,36050,41850,07239,17722,408
17/49 129,152107,99214,40517,17022,65122,96815,053
42/48 129,085107,92614,34117,10822,59422,91414,678
44 2,9811,9923,2643,5961,2873991,737
440/4 2,9811,9923,2643,5961,2873991,737
45 11,19019,9869,4688,85019,56821,0189,388
450/3 11,19018,1109,4688,85019,56821,0189,388
454/9 -1,876-----
47/48 114,91485,9481,6094,6621,7391,4973,553
492/3 676664625754375
Income statement
9900 34,32193,0816,7915,00618,09124,96028,888
630 2,7933,0892,1781,7352,1371,997-
640/8 761554845627173199-
9901 30,76789,4383,7682,64415,78122,76428,888
75/76B 280------
75 280------
65/66B 54102124278417324272
65 54102124278417324272
9903 30,99389,3363,6442,36615,36422,44028,616
67/77 7,63119,7982,2022,0204,4695,6716,208
9904 23,36269,5381,44234610,89516,76922,408
9905 23,36269,5381,44234610,89516,76922,408
Appropriation of the result
9906 44,260100,89851,86050,41850,07239,17722,408
14P 20,89831,36050,41850,07239,177--
694/7 42,00080,00020,500----
694 42,00080,00020,500----
Document PDFPDFPDFPDFPDFPDFPDF

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 24-03-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 24-03-2026 2026-00062093 PDF
31-12-2024 micro format 26-06-2025 2025-00220050 PDF
31-12-2023 micro format 05-07-2024 2024-00214609 PDF
31-12-2022 micro format 03-07-2023 2023-00192187 PDF
31-12-2021 micro format 29-06-2022 2022-20137516 PDF
31-12-2020 micro format 03-08-2021 2021-45400101 PDF
31-12-2019 micro format 10-07-2020 2020-29000509 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202420232022202120202019
33,56092,5275,9464,37917,91824,761-
26,15572,6273,6202,08113,03218,766-
007,3661,2575823,1563,123
-11,82489,635-37,3785,0548,153--
4,64620,49027,86152,10551,27638,82323,534
4.3%18.4%70.8%75.8%70.3%65.0%63.3%
1.041.192.944.053.272.692.60
22.424.430.410.320.420.540.58
405.6%285.0%4.1%0.6%20.3%39.3%86.5%
17.3%52.5%2.9%0.5%14.3%25.5%54.7%
over 100over 10047.9515.7542.97--

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
Item20252024202320222021
Tangible fixed assets--€7,366€1,257€582
€2,793€3,089€2,178€1,735€2,137

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on LG CODING

The operating result for 2025 is 66% lower than in 2024.

Debt's share of the balance-sheet total rises from 81.6% to 95.7%. Equity is lower and debt is higher.

Board & ownership

Mandates through the years

1 name
GHERSCHON Lisa
Director (not named in the articles)
Earlierend not dated
Mandates as a list
  • GHERSCHON Lisa
    • Director (not named in the articles), appointed by deed of 24-05-2019, last mentioned in 2019

See the board, name and registered office on a given date →

Control

Founder
GHERSCHON Lisa
This company
LG CODING
Equity €5,760
Profit €23,362 in 2025

Capital

Contribution
€3,500
Shares
300
Contribution per share
€11.67
Equity per share
€19.20 in 2025
Source
deed of 24-05-2019

Articles of association

deed of 24-05-2019 (in French)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
“Assemblée qui nomme fixe nombre,durée du mandat et,en cas de pluralité,pouvoirs, un ou plusieurs administrateurs”
Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
“Tenus de solliciter agrément selon mêmes formalités s'ils ne deviennent pas de plein droit actionnaires, libre de céder tout ou partie…”

Shareholders

At incorporation deed of 24-05-2019 ↗

Office holders in the KBO →

Network & group

No group

LG CODING has no parent and no holdings in its annual accounts.

Connections & network

See the function holders in the KBO register.

Timeline

Timeline

14 events since 2019

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed PDFmicro format · 129 days before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0727375383
Annual accounts 2024 filed PDFmicro format · 35 days before the deadline
2024
Highest result from 2019 to 2025 net €69,538 ▲4,722% The operating result of €89,438 and the net result of €69,538 are both a record.
Registered office moved from Genappe to WaterlooNew registered office: Avenue Gai Soleil, 20 à 1410 Waterloo · Previous registered office: Rue du Patronage, 4-1476 Genappe1 point ▸
  • Registered-office move, Avenue Gai Soleil, 20 à 1410 Waterloo
  • The deed holds 2 more points.

Open the deed in the Belgian Official Gazette

Annual accounts 2023 filed PDFmicro format · 26 days before the deadline
2023
Registered office moved from Auderghem to Houtain-le-ValNew registered office: Rue du Patronage, 4 à 1476 Houtain-le-Val · Previous registered office: Avenue du Paepedelle, 42-1160 Auderghem1 point ▸
  • Registered-office move, Rue du Patronage, 4 à 1476 Houtain-le-Val
  • The deed holds 2 more points.

Open the deed in the Belgian Official Gazette

Annual accounts 2022 filed PDFmicro format · 28 days before the deadline
2022
Weakest financial year net €346 ▼96.8% The net result drops to €346, the lowest from 2019 to 2025. It recovers the following year.
Annual accounts 2021 filed PDFmicro format · 32 days before the deadline
2021
Annual accounts 2020 filed PDFmicro format · 3 days late
2020
Annual accounts 2019 filed PDFmicro format · 21 days before the deadline
2019
IncorporationFounding capital of €3,500, 300 shares · Founder: GHERSCHON Lisa (comparante) · Appointment: GHERSCHON Lisa (director) · published on 24-05-20196 points ▸
  • Founder, GHERSCHON Lisa (comparante)
  • Founding capital, €3,500, 300 shares
  • 300 shares
  • Registered office clause, avenue du Paepedelle 42 boîte 7, 1160 Auderghem
  • Board rule, 1
  • Director appointment, GHERSCHON Lisa (director (not named in the articles))
  • The deed holds 5 more points.

Open the deed in the Belgian Official Gazette

First establishment Avenue Gai Soleil 20, Waterloo

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

LG CODING was incorporated on 22 May 2019 as a private limited company by one natural person, with a starting capital of €3,500.12 The registered office moved to Houtain-le-Val in 2023 and to Waterloo in 2024.34 Total assets rose from €40,961 in 2019 to €134,912 in 2025.5

  1. 1KBO register
  2. 2Belgian Official Gazette, 24-05-2019
  3. 3Belgian Official Gazette, 01-12-2023
  4. 4Belgian Official Gazette, 04-12-2024
  5. 5National Bank, annual accounts 2019 and 2025

Company details

Identity

Enterprise number
0727.375.383
VAT number
BE 0727.375.383
Peppol ID
0208:0727375383
Other Peppol ID
9925:BE0727375383
Legal form
Private limited company
Status
Active, normal situation
Founded
22-05-2019
Financial year
ends on 31 December
Peppol
Reachable since 24-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
LG CODING in French
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 24-05-2019 (in French)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Région de Bruxelles-Capitale”
deed of 24-05-2019 (in French)

Activities

NACEBEL 2025
62200 Computer consultancy and computer facilities management main activity
Codes under NACEBEL 2008
62020 IT consultancy main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“Pour son compte propre; Pour compte de tiers; En participation avec des tiers; À la consultance dans le domaine de l’informatique au sens le…”
5 activities
  1. Pour son compte propre
  2. Pour compte de tiers
  3. En participation avec des tiers
  4. À la consultance dans le domaine de l’informatique au sens le plus large du terme, tel que la création de sites internet et de logiciels informatique, l’étude, la recherche, la conception, le développement, la mise en place et la commercialisation de technologies et de systèmes informatisés, de systèmes de régulations, d’exploitations, de gestion assistées, administratifs, commerciaux, industriels ; la création et la commercialisation de programmes informatiques, d’application relatives au domaine IT et de tout « software »
  5. La création et la conception d’applications web/mobile sur mesure
deed of 24-05-2019 (in French)

Registered office and establishments

1 establishment
Establishment Since Unit number
Avenue Gai Soleil 20 registered office 1410 Waterloo 22-05-2019 2.289.609.081
2 former offices
  • Rue du Patronage,4, 1476 Genappe until 01-11-2024 · deed of 04-12-2024
  • Avenue du Paepedelle,42, 1160 Auderghem until 02-11-2023 · deed of 01-12-2023

Buildings and parcels at the address

Ground area
397 m²
Buildings
111 m²
Volume, LiDAR
707 m³
Tallest building
9.8 m
Buildings to scale, each on its own parcel
111 m², 9.8 m 111 m², 9.8 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
25110D0646/00A000397 m² 1 · 111 m² 9.8 m · 2

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