LGD
ActiveSummary
LGD has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€21,017) and a net result of €18,539. Equity is growing by ~2.8% per year across the filed fiscal years. Its solvency ranks better than 5% of 942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+31
Solvency0=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.06 against 0.75 in 2024; short-term debt: 94.1% and cash: 7.9% of total assets), and 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 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% 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 2025Solvency, return and age of the figures
Solvency
-41.2%
Return on assets
36.4%
Age of the figures
15 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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 942 sector peers (2025).
NBB · sector comparisonPosition among 942 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
2 d late
2024
on the day
2023
on the day
2022
on the day
2021
on the day
2020
1 d late
2019
26 d late
← 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 4 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% 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 31 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€18,539▲ 43,075%
2024 · €43
Working capital
€2,983
2024 · -€15,556
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support 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-€2,098-€1,919▲ 8.5%€5,223€67▼ 98.7%€18,561▲ 27,665%
Net result-€2,158below the sector's middle half-€1,980within the sector's middle half▲ 8.2%€5,159within the sector's middle half€43within the sector's middle half▼ 99.2%€18,539within the sector's middle half▲ 43,075%
Equity-€42,778below the sector's middle half▼ 5.3%-€44,758below the sector's middle half▼ 4.6%-€39,599below the sector's middle half▲ 11.5%-€39,556below the sector's middle half▲ 0.1%-€21,017below the sector's middle half▲ 46.9%
Total assets€38,903below the sector's middle half▼ 6.9%€37,060below the sector's middle half▼ 4.7%€61,506below the sector's middle half▲ 66.0%€47,610below the sector's middle half▼ 22.6%€50,964below the sector's middle half▲ 7.0%
Debt€81,681▼ 0.9%€81,818▲ 0.2%€101,105▲ 23.6%€87,166▼ 13.8%€71,981▼ 17.4%
Working capital-€21,167within the sector's middle half▼ 13.5%-€21,928within the sector's middle half▼ 3.6%-€16,449within the sector's middle half▲ 25.0%-€15,556within the sector's middle half▲ 5.4%€2,983within the sector's middle half
Solvency-110.0%below the sector's middle half▼ 12.8pp-120.8%below the sector's middle half▼ 10.8pp-64.4%below the sector's middle half▲ 56.4pp-83.1%below the sector's middle half▼ 18.7pp-41.2%below the sector's middle half▲ 41.8pp
Current ratio0.63below the sector's middle half▼ 0.050.62below the sector's middle half▼ 0.010.79within the sector's middle half▲ 0.170.75within the sector's middle half▼ 0.031.06within the sector's middle half▲ 0.31
Return on assets (ROA)-5.5%below the sector's middle half▼ 14.0pp-5.3%below the sector's middle half▲ 0.2pp8.4%within the sector's middle half▲ 13.7pp0.1%within the sector's middle half▼ 8.3pp36.4%above the sector's middle half▲ 36.3pp
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 27,665% above 2024 and is the highest result in the available series.
Key figures and ratios
EBITDA
€18,561▲
2024 · €916
Cash flow
€18,539▲
2024 · €893
Debt to equity
-3.42▼
2024 · -2.20
Interest coverage
426.69▲
2024 · 23.50
Debt ≤ 1 year
€47,981▼
2024 · €63,166
Debt > 1 year
€24,000=
2024 · €24,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,640 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
2.7%
went bankrupt
4.9%
stopped otherwise
92%
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 0.7% 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 497,662 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% | 1.7% |
| 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 75% 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 3,640 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 | €1,220 | €1,220 | €320 | €850 | €0 | ▼ 100% |
| Gross operating margin9900 | -€877 | -€699 | €5,543 | €916 | €18,561 | ▲ 1,925% |
| Operating profit (loss)9901 | -€2,098 | -€1,919 | €5,223 | €67 | €18,561 | ▲ 27,665% |
| Financial income75/76B | - | €5 | €3 | €15 | €22 | ▲ 45.1% |
| Recurring financial income75 | - | €5 | €3 | €15 | €22 | ▲ 45.1% |
| Financial charges65/66B | - | €66 | €67 | €39 | €44 | ▲ 11.5% |
| Recurring financial charges65 | €60 | €66 | €67 | €39 | €44 | ▲ 11.5% |
| Profit (loss) for the period before taxes9903 | -€2,158 | -€1,980 | €5,159 | €43 | €18,539 | ▲ 43,075% |
| Profit (loss) for the period9904 | -€2,158 | -€1,980 | €5,159 | €43 | €18,539 | ▲ 43,075% |
| Profit (loss) for the period to be appropriated9905 | -€2,158 | -€1,980 | €5,159 | €43 | €18,539 | ▲ 43,075% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €38,903 | €37,060 | €61,506 | €47,610 | €50,964 | ▲ 7.0% |
| Fixed assets21/28 | €2,390 | €1,170 | €850 | €0 | - | - |
| Tangible fixed assets22/27 | €2,390 | €1,170 | €850 | €0 | - | - |
| Plant, machinery and equipment23 | - | €640 | €320 | €0 | - | - |
| Furniture and vehicles24 | - | €530 | €530 | €0 | - | - |
| Current assets29/58 | €36,513 | €35,890 | €60,657 | €47,610 | €50,964 | ▲ 7.0% |
| Amounts receivable within one year40/41 | €32,988 | €32,088 | €57,211 | €44,211 | €46,961 | ▲ 6.2% |
| Trade receivables40 | - | €32,088 | €57,211 | €44,211 | €46,961 | ▲ 6.2% |
| Cash at bank and in hand54/58 | €3,525 | €3,802 | €3,446 | €3,399 | €4,004 | ▲ 17.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €38,903 | €37,060 | €61,506 | €47,610 | €50,964 | ▲ 7.0% |
| Equity10/15 | -€42,778 | -€44,758 | -€39,599 | -€39,556 | -€21,017 | ▲ 46.9% |
| Contributions10/11 | €18,600 | €18,600 | - | - | - | - |
| Capital10 | - | €18,600 | - | - | - | - |
| Issued capital100 | - | €18,600 | - | - | - | - |
| Reserves13 | - | - | €18,600 | €18,600 | €18,600 | = |
| Non-distributable reserves130/1 | - | - | €18,600 | €18,600 | €18,600 | = |
| Reserves not available under the articles1311 | - | - | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€61,378 | -€63,358 | -€58,199 | -€58,156 | -€39,617 | ▲ 31.9% |
| Amounts payable17/49 | €81,681 | €81,818 | €101,105 | €87,166 | €71,981 | ▼ 17.4% |
| Amounts payable after more than one year17 | €24,000 | €24,000 | €24,000 | €24,000 | €24,000 | = |
| Financial debts170/4 | - | €24,000 | €24,000 | €24,000 | €24,000 | = |
| Amounts payable within one year42/48 | €57,681 | €57,818 | €77,105 | €63,166 | €47,981 | ▼ 24.0% |
| Current portion of amounts payable after more than one year42 | - | €0 | - | - | - | - |
| Other amounts payable47/48 | - | €57,818 | €77,105 | €63,166 | €47,981 | ▼ 24.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,158 | -€1,980 | €5,159 | €43 | €18,539 | ▲ 43,075% |
| + Depreciation and write-downs630 | €1,220 | €1,220 | €320 | €850 | €0 | ▼ 100% |
| Operating cash flow (approximation) | -€937 | -€760 | €5,479 | €893 | €18,539 | ▲ 1,977% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - | - |
| Change in cash | - | €277 | -€356 | -€47 | €604 | ▲ 1,390% |
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
2026
02-02
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 2 days late
2025
30-06
Financial
Highest result since 2019net €18,539 ▲43,075%
Operating result €18,561, net result €18,539, both a record.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-06
Financial
Back to profitnet €5,159
Net result €5,159 after 2 loss-making years.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-06
Financial
Weakest financial yearnet -€2,158
Net result drops to -€2,158, the lowest in the series; recovery starts the following year.
01-02
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 1 day late
2020
26-02
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 26 days late
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
31-01
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.
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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
597 m²
Building footprint
310 m²
Volume, LiDAR
10,366 m³
Parcel 21618B0261/00M002, Brussels · tallest building 36.8 m, ±11 floors. Linked by address, not a title deed.
11
companies at this address
See who is registered here
1 establishment unit
LGD
since 20072.166.668.115
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21618B0261/00M002 | Brussels | 597 m² | 1 · 310 m² | 36.8 m · 11 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.
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ARREDOR
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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 24,517 companies in sector 82990 we hold annual accounts for 9,421. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-10-2007
Fiscal year end30-06
Activities, NACEBEL 2025
82990Other business support services
56112Limited-service restaurants, excluding mobile food services
70200Business and other management consultancy
82100Office administrative and support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0892542233
Also
9925:BE0892542233
Registered
31-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.