Age32 yrs
Real estate1 parcel · 1.0 ha
Summary
Conclusion
the dossier summarised in one paragraphA bankruptcy procedure is open for LGVS according to publications in the Belgian State Gazette. The 2025 annual accounts show equity of €51k and a net result of €796.
Based on the State Gazette, CBE and 7 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyoneBankruptcy opened
A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
Insolvency timeline
1 event22-11-2019
Bankruptcy
Opening
Filing behaviour
From the deposit records, complete market-wideLatest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-06-2026, 53 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2025, that is 31-07-2026.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | 08-06-2026 | 53 d early | 2026-00147337 |
| 31-12-2024 | 31-07-2025 | 26-06-2025 | 35 d early | 2025-00225684 |
| 31-12-2023 | 31-07-2024 | 06-06-2024 | 55 d early | 2024-00114218 |
| 31-12-2022 | 31-07-2023 | 23-08-2023 | 23 d late | 2023-00344594 |
| 31-12-2021 | 31-07-2022 | 11-07-2022 | 20 d early | 2022-20181022 |
| 31-12-2020 | 31-07-2021 | 08-04-2022 | 251 d late | 2022-20002158 |
| 31-12-2019 | 31-07-2020 | 08-04-2022 | 616 d late | 2022-20002394 |
| 31-12-2018 | 31-07-2019 | 29-07-2019 | 2 d early | 2019-39600243 |
| 31-12-2017 | 31-07-2018 | 11-09-2018 | 42 d late | 2018-62500450 |
| 31-12-2016 | 31-07-2017 | 24-08-2017 | 24 d late | 2017-48600018 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
1 signalOpen bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€796-86.6%
Working capital€-129k+1.3%
Directors2
Annual accounts & ratios
Source: NBB · 2025Annual accounts filed on 08-06-2026 with the NBB · fiscal year 2025 · verkort
Sector comparison
Fiscal year 2025 · NACE 68, Real estate activities · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 23.2% | 16.1% | |
| Net result | €796 | €6k | |
| Equity | €51k | €165k | |
| Gross operating margin | €8k | €77k | |
| Total assets | €220k | €1.39M |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P57
Stable position over 2020-2025
· n=472-1709
P44
Improving position over 2020-2025
· n=472-1705
P33
Stable position over 2020-2025
· n=472-1709
P26
Improving position over 2020-2025
· n=471-1706
Describes the position versus peers, not a forecast.
€2k
-85.4%
19-25
€796
-86.6%
19-25
€2k
-75.5%
19-25
€220k
-1.5%
19-25
€51k
+1.6%
19-25
€-129k
+1.3%
19-25
0
-
19-25
€0
-
19-25
Show 12 other metrics
€265
-96.0%
19-25
€0
-100.0%
19-25
€169k
-2.4%
19-25
€160k
-2.6%
19-25
€9k
0.0%
19-25
0.20
-5.0%
19-25
0.20
-5.0%
19-25
23.2%
+3.2%
19-25
3.30
-3.9%
19-25
1.6%
-86.8%
19-25
0.4%
-86.4%
19-25
38.91
-39.0%
19-25
Figures by fiscal year
| Fiscal year | 2025 |
|---|---|
| Deposit | verkort |
| Revenue | - |
| EBITDA | €2k |
| Net profit | €796 |
| Cash flow | €2k |
| Staff costs | - |
| Income taxes | €265 |
| Dividends | €0 |
| Total assets | €220k |
| Equity | €51k |
| Debt | €169k |
| of which ≤ 1y | €160k |
| of which > 1y | €9k |
| Working capital | €-129k |
| Employees (FTE) | - |
Ratios (computed)
| 2025 | |
|---|---|
| Current ratio | 0.20 |
| Quick ratio | 0.20 |
| Working capital ratio | -58.4% |
| Solvency | 23.2% |
| Debt / equity | 3.30 |
| Long-term debt ratio | 0.18 |
| Interest coverage | 38.91 |
| Gross margin | - |
| Net margin | - |
| ROA | 0.4% |
| ROE | 1.6% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2025
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €220k |
| Fixed assets | 21/28 | €189k |
| Tangible fixed assets | 22/27 | €189k |
| Current assets | 29/58 | €31k |
| Amounts receivable within one year | 40/41 | €13k |
| Cash & bank | 54/58 | €19k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €220k |
| Equity | 10/15 | €51k |
| Contributions / capital | 10/11 | €39k |
| Reserves | 13 | €3k |
| Accumulated profits (losses) | 14 | €10k |
| Amounts payable | 17/49 | €169k |
| Amounts payable after one year | 17 | €9k |
| Amounts payable within one year | 42/48 | €160k |
| Trade debts payable within one year | 44 | €13k |
| Income statement | ||
| Gross operating margin | 9900 | €8k |
| Operating result | 9901 | €1k |
| Financial income | 75 | €3 |
| Financial charges | 65 | €51 |
| Result before taxes | 9903 | €1k |
| Income taxes | 67/77 | €265 |
| Net result for the period | 9904 | €796 |
| Result to be appropriated | 9905 | €796 |
This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2025 · computed0
/ 100
Critical
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2025 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Directors
Directors & mandates
no sitting director3 of this company's 3 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing below: a director who resigned there may therefore still show here as sitting. See the acts under Publications.
Permanent representatives (2)
These people represent a legal-person director (a management company, for instance). They hold no board mandate of their own and do not count as directors.
-
BV GeliLegal entityPermanent representative· perm. rep.: Lien GeeritsState Gazette act 22071647 (16-06-2022)Permanent representative16-06-2022 → present
-
BV SevietLegal entityPermanent representative· perm. rep.: Vital SegersState Gazette act 22071647 (16-06-2022)Permanent representative16-06-2022 → present
Former directors (1)
-
Soylu VuralDirectorState Gazette act 22071647 (16-06-2022)Former- → 16-06-2022
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Insolvency mandates
2 mandates| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | CHRISTOPHE HERMANS ELISABETHWAL 4,
3700 TONGEREN |
12-11-2019 → present | Belgian State Gazette |
| Curator | PIETER WIRIX ELISA-
BETHWAL 4, 3700 TONGEREN |
12-11-2019 → present | Belgian State Gazette |
Legal Structure
| NACE primary | Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen(68201) |
| Legal form | Private limited company(610) |
| Incorporation | 04-02-1994 |
| Status | Active |
| Postal code | 3960 |
| First insolvency signal | 22-11-2019 |
| Latest insolvency signal | 22-11-2019 |
Structure & network
Ownership & control
No ownership or control structure found in the sources.
For this we read shareholding and parent/subsidiary relations from the acts in the Belgian State Gazette, plus the board seats that legal entities hold in one another. Nothing of the sort is published for this company, which is common: most Belgian companies do not publish a shareholding structure.
2 court or liquidation mandates are on record for this company. Such a mandate is a fact about the company itself, not about a tie to another one: two bankruptcies handled by the same receiver are two separate cases. They are listed under Directors & mandates.
Locations & real estate
Registered office
on the map · from the address registerEstablishment units
1 locationKluitshofweg 10, 3960 Bree
since 19942.065.611.139
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area1.0 ha
Buildings1
Building footprint4,672 m²
Volume (LiDAR)11,617 m³
Tallest building6.6 m · ±1 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72402B0652/00F002 | Flanders | 1.0 ha | 1 · 4,672 m² | 6.6 m · 1 fl. |
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.
Publications
Lifecycle & Insolvency Signals
1 event from the State Gazette22-11-2019
Bankruptcy
Opening
Time machine: BS events + macro context
2019-2026Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad · acts
1 act All acts · 1
updated 4 years ago
2022
16-06-2022 4 directors appointed, 1 resigning
- Vital Segers, Vaste vertegenwoordiger
- Lien Geerits, Vaste vertegenwoordiger
- BV Seviet, Gedelegeerd bestuurder
- BV Geli, Gedelegeerd bestuurder
- Soylu Vural, Bestuurder
Analysis
Financial profile
5 of 5 axes measured18
/ 100
Fragile profile, watch health in particular.
All 5 axes are computed from data Checked has read.
Health
0
Profitability
8
Solvency
22
Growth
58
Stability
0
Credit advice
verdict per customer and amountSimilar
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We hold annual accounts for 1,151 of the 9,100 companies in this sector. 713 of them are within a factor 10 of this company's equity.
Company registry
Company registry (CBE)
Crossroads BankActivities
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen68201Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen68203Verhuur en exploitatie van terreinen68204
Primary activity highlighted.
Names & trade names
| Legal nameNL | LGVS |
Registered office
Kluitshofweg 10
3960 Bree, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.