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LGA HR

Active
Public limited companyfounded 2015active for 11 yearsKortrijksesteenweg 1146, 9051 Gent, Belgium11 active companies are registered at this addressKBO/BCE: BE 0599.940.248
Summary

LGA HR has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of €1.4m. Equity is growing by about 19% per year across the filed financial years. Its solvency ranks better than 42% of 314 sector peers (NACE 78, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisFollow ReportCompare
LGA HRActiveChecked score 93/100
Risk analysis ReportCompare

Overview

Activity
Temporary employment agencies and other provision of personnel
NACE 78200Employment placement agencies NACE 78100
9th largest company by total assets in East Flanders, Employment activities sector3 sites
Size
€4.2mtotal assets 2025
Staff
42.7 FTE
Equity
€1.1m
Profit
€1.4m
Net result +139%: other schema
Financial health
93 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Structure
Parent
LGA HR GROUP · 100%
Board
4 members
  • BM HR BVManaging director · permanent representative Bahador Sabouri
2025 accounts 24 days early2 of 14 deeds summarised
Why 93lowers riskFigures for financial year 2025 (filed 07-07-2026)Size: 42.7 FTE, total assets €4.2mFounded in 2015Profit of €1.4m (financial year 2025)Show the evidence

Checked score

Score 2025
93 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 47% of its sector peers (NACE 78, small)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Average
Solvency 50-25
equity 25.4% of total assets
Liquidity 34+1
short-term debt 70.2% · cash 17.2%
Profitability 100+9
return on assets 34.2%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

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

Sector median 0.3% (196 companies, NACE 78, small)
Last 24 months 11-2024: < 0.1%lowest value 12-2024: < 0.1%● unchanged vs 11-2024lowest value 01-2025: < 0.1%● unchanged vs 12-2024lowest value 02-2025: < 0.1%● unchanged vs 01-2025lowest value 03-2025: 0.1%▲ +0.1 percentage points vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.2%▲ +0.1 percentage points vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.3%▲ +0.1 percentage points vs 06-2026highest value 08-2026: 0.1%▼ -0.2 percentage points vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026
Credit of up to €100,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.4, compared with 2.08 in 2024, below the usual 1.5; short-term debt: 70.2% and cash: 17.2% of total assets), and 74.6% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 78, small): better than 47% on solvency, 27% on liquidity, 95% on profitability and 20% on growth.

The bankruptcy probability was computed on 25-10-2026 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.

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

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Signals

Five signals.
lowers riskneutral
lowers risk · Figures for financial year 2025 (filed 07-07-2026)
NBB · annual accounts
lowers risk · Size: 42.7 FTE, total assets €4.2m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Founded in 2015
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Profit of €1.4m (financial year 2025)
NBB · annual accounts
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 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
24 days early
2024
6 days early
2023
28 days early
2022
28 days early
2021
19 days early
2020
30 days early
2019
30 days 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 24 days before the deadline; the sector median (NACE 78) for financial year 2024 is 14 days before the deadline, and 30% 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 7 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
26-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Resignations: LGA HR Group NV (director)…Permanent representatives: Linde Goegebeur, Nicholas…
  3. Highest result from 2018 to 2025net €1.4m ▲139%

Key points

  • Positive: Result rose in 2025different schema filed ▲ 139% View
  • Positive: Among the best 12% on net resultsector median €39,897 · 315 companies €1.4m View
  • Board changedlatest change 13-03-2026 · 4 in office 4 joined · 2 left View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Controlled by LGA HR GROUPultimately: LGA HR Invest 100% View
  • Positive: 7 profitable years in a rowprofit 2025: €1.4m 7 years View

By topic

Financials

Financial year
2025
Total assets
€4.2m
Profit
€1.4m
Solvency
25.4%
Total assets▲ 26.0%
Net result
20182025
Go to Financials

Board & ownership

Board
4 members
Parent
LGA HR GROUP · 100%
  • B3 Partners BVDirector
  • BM HR BVManaging director
  • BM HR Invest BVDirector
  • Michaël BouasDirector
Go to Board & ownership

Timeline

Events
15
Since
2017
Next accounts
by 31-07-2027
  1. 13-10-2025Appointment: LGA HR Invest BV (director)
  2. 25-07-2025Annual accounts filed
  3. 03-07-2024Annual accounts filed
Go to Timeline

Company details

Sites
3
Legal form
Public limited company
Activity
Temporary employment agencies and other provision of personnelNACE 78200
Founded
05-03-2015
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Key facts about LGA HR

What is the company number of LGA HR?
0599.940.248. In Belgium the VAT number is the company number with BE in front: BE 0599.940.248.
Where is LGA HR based?
The registered office is at Kortrijksesteenweg 1146, 9051 Gent.Company details
What does LGA HR do?
According to the KBO register, the main activity is temporary employment agencies and other provision of personnel (NACE 78200).
What is the legal form of LGA HR?
Public limited company (NV).
When was LGA HR founded?
On 05-03-2015.
Is LGA HR still active?
Yes, LGA HR is an active enterprise in the KBO register.
How many employees does LGA HR have?
On average 42.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of LGA HR?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is LGA HR profitable?
In financial year 2025, LGA HR made a profit of €1.4m.
Where can I find the annual accounts of LGA HR?
LGA HR filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of LGA HR due?
By 31-07-2027, for financial year 2026.Timeline

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