Summary
LGSD INVEST is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €363k and a net result of €124k. Equity is growing by ~66.2% per year across the filed fiscal years. Its solvency ranks better than 18% of 9863 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 9863 sector peers (2024).
NBB · sector comparisonPosition among 9863 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-10-2025, 78 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 · 8 filingsDeviation from the deadline
2025
not confirmed
2024
78 d late
2023
57 d late
2022
31 d late
2021
110 d late
2020
60 d late
2019
98 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€363k▲ 52.0%
2023 · €239k
2018: €-166k
2019: €-157k
2020: €-138k
2021: €-24k
2022: €114k
2023: €239k
2018 → 2024
Net result
€124k▼ 0.4%
2023 · €125k
2018: €-330k
2019: €9k
2020: €20k
2021: €114k
2022: €138k
2023: €125k
2018 → 2024
Total assets
€2.36M▼ 5.3%
2023 · €2.49M
2018: €1.87M
2019: €1.69M
2020: €2.46M
2021: €2.51M
2022: €2.50M
2023: €2.49M
2018 → 2024
Solvency
15.4%▲ 5.8pp
2023 · 9.6%
2018: -8.9%
2019: -9.3%
2020: -5.6%
2021: -0.9%
2022: 4.6%
2023: 9.6%
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-138k-€-24k▲ 82.7%€114k€239k▲ 109%€363k▲ 52.0%
Operating result€52k-€160k▲ 210%€180k▲ 12.2%€181k▲ 0.6%€187k▲ 3.4%
Net result€20k-€114k▲ 476%€138k▲ 21.1%€125k▼ 9.5%€124k▼ 0.4%
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 has risen four years in a row; 2024 is 3% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.36M
Fixed assets
€2.33M ▼ 4.3%
Current assets
€24k ▼ 54.5%
Equity and liabilities €2.36M
Equity
€363k ▲ 52.0%
Debt
€1.99M ▼ 11.4%
Debt's share of the balance-sheet total falls from 90.4% to 84.6%. Equity is higher and debt is lower.
Key figures and ratios
ROE
34.2%▼
2023 · 52.2%
ROA
5.3%▲
2023 · 5.0%
Debt ≤ 1 year
€410k▲
2023 · €400k
Debt > 1 year
€1.57M▼
2023 · €1.84M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 43 lines
Balance sheet
Code20232024
Assets
Total assets20/58€2.49M€2.36M▼
Fixed assets21/28€2.44M€2.33M▼
Tangible fixed assets22/27€2.44M€2.33M▼
Land and buildings22€2.43M€2.33M▼
Furniture and vehicles24€5k€4k▼
Current assets29/58€52k€24k▼
Amounts receivable within one year40/41€17k€7k▼
Trade receivables40€17k€7k▼
Cash at bank and in hand54/58€32k€14k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€2.49M€2.36M▼
Equity10/15€239k€363k▲
Contributions10/11€125k€125k=
Reserves13€114k€238k▲
Tax-exempt reserves132€19k€19k=
Distributable reserves133€95k€219k▲
Amounts payable17/49€2.25M€1.99M▼
Amounts payable after more than one year17€1.84M€1.57M▼
Financial debts170/4€1.84M€1.57M▼
Amounts payable within one year42/48€400k€410k▲
Current portion of amounts payable after more than one year42€109k€111k▲
Trade debts44€37k€16k▼
Suppliers440/4€37k€16k▼
Taxes, remuneration and social security45€21k€23k▲
Taxes450/3€21k€21k▲
Remuneration and social security454/9-€2k
Other amounts payable47/48€233k€260k▲
Accrued charges and deferred income492/3€10k€13k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€118k€123k▲
Other operating charges640/8€5k€5k▼
Gross operating margin9900€304k€315k▲
Operating profit (loss)9901€181k€187k▲
Financial income75/76B€0€0▼
Recurring financial income75€0€0▼
Financial charges65/66B€56k€63k▲
Recurring financial charges65€56k€63k▲
Profit (loss) for the period before taxes9903€125k€124k▼
Profit (loss) for the period9904€125k€124k▼
Profit (loss) for the period to be appropriated9905€125k€124k▼
Appropriation of the result
Profit (loss) to be appropriated9906€83k€124k▲
Profit (loss) brought forward from the previous period14P€-42k-
Transfer to equity691/2€83k€124k▲
To other reserves6921€83k€124k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
17-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 78 days late
2024
26-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 57 days late
2023
31-12
Financial
Equity above €200kEq €239k ▲109%
5 profitable years in a row build equity to €239k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Highest result since 2018net €138k ▲21.1%
Net result €138k, the highest in the series.
31-12
Financial
Equity above €100kEq €114k
4 profitable years in a row build equity to €114k.
18-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 110 days late
2021
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 60 days late
2020
06-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 98 days late
2019
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 14 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Kruisem · 1 establishment unit since 2016
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Prinsenhof 139750 KruisemGround area
1,462 m²
Building footprint
161 m²
Volume, LiDAR
821 m³
Parcel 45015C0402/00F000, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LGSD INVEST
since 20162.260.107.324
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45015C0402/00F000 | Flanders | 1,461 m² | 1 · 161 m² | 7.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
SERINVEST
BE 0436.420.123
Merelbeke-Melle · Eq €363,242
WOPE
BE 0763.410.883
Oudsbergen · Eq €363,315
CURDATO
BE 0502.596.689
Bredene · Eq €363,118
FIRMLAND
BE 0859.693.281
Merksplas · Eq €362,995
AIM MGT
BE 0800.926.525
Gent · Eq €362,935
Of 24,725 companies in sector 64210 we hold annual accounts for 19,762. 13,769 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-11-2016
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.