LHAV
ActiveSummary
LHAV has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €303,926 and a net result of €84,715. Equity is growing by ~98.1% per year across the filed fiscal years. Its solvency ranks better than 35% of 8190 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▲+4
Solvency55▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18,000 at 30 days acceptable
Liquidity tight (current ratio 1.28 against 1.1 in 2024; short-term debt: 56.4% and cash: 4.6% of total assets), and 70.4% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
29.6%
Return on assets
8.2%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-09-2026, 53 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 · 9 filingsDeviation from the deadline
2025
53 d late
2024
29 d late
2023
29 d late
2023
20 d early
2022
137 d early
2021
158 d early
2020
86 d 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 41 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · 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. Usually files around 30 August (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€303,926▲ 38.6%
2024 · €219,211
Total assets
€1.0m▼ 1.4%
2024 · €1.0m
Net result
€84,715▲ 71.5%
2024 · €49,394
Working capital
€163,329▲ 157%
2024 · €63,480
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20222023202320242025
Operating result€129,778▲ 313%€38,938▼ 70.0%€2,735-€81,058▲ 2,863%€125,561▲ 54.9%
Net result€104,005within the sector's middle half▲ 255%€27,074above the sector's middle half▼ 74.0%€2,346within the sector's middle half-€49,394within the sector's middle half▲ 2,006%€84,715within the sector's middle half▲ 71.5%
Equity€140,397below the sector's middle half▲ 286%€167,471above the sector's middle half▲ 19.3%€169,817above the sector's middle half-€219,211within the sector's middle half▲ 29.1%€303,926within the sector's middle half▲ 38.6%
Total assets€395,961below the sector's middle half▲ 128%€504,088above the sector's middle half▲ 27.3%€461,612above the sector's middle half-€1.0mwithin the sector's middle half▲ 126%€1.0mwithin the sector's middle half▼ 1.4%
Debt€255,563▲ 86.5%€336,617▲ 31.7%€291,795-€823,960▲ 182%€724,562▼ 12.1%
Working capital€142,854within the sector's middle half€192,213above the sector's middle half▲ 34.6%€205,610above the sector's middle half-€63,480within the sector's middle half▼ 69.1%€163,329within the sector's middle half▲ 157%
Solvency35.5%within the sector's middle half▲ 14.5pp33.2%within the sector's middle half▼ 2.2pp36.8%within the sector's middle half-21.0%below the sector's middle half▼ 15.8pp29.6%within the sector's middle half▲ 8.5pp
Current ratio2.03within the sector's middle half▲ 1.042.18within the sector's middle half▲ 0.142.46within the sector's middle half-1.10below the sector's middle half▼ 1.371.28within the sector's middle half▲ 0.18
Return on assets (ROA)26.3%above the sector's middle half▲ 9.4pp5.4%within the sector's middle half▼ 20.9pp0.5%within the sector's middle half-4.7%within the sector's middle half▲ 4.2pp8.2%within the sector's middle half▲ 3.5pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
Multiple fiscal year ends fall in the same calendar year; an annual trend is not displayed.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.0m
Fixed assets
€285,434 ▼ 14.4%
Current assets
€743,053 ▲ 4.7%
Equity and liabilities €1.0m
Equity
€303,926 ▲ 38.6%
Debt
€724,562 ▼ 12.1%
Debt's share of the balance-sheet total falls from 79.0% to 70.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€192,636▲
2024 · €144,797
Cash flow
€151,790▲
2024 · €113,133
Quick ratio
0.38▲
2024 · 0.19
Debt to equity
2.38▼
2024 · 3.76
ROE
27.9%▲
2024 · 22.5%
Interest coverage
13.86▲
2024 · 8.70
Debt ≤ 1 year
€579,724▼
2024 · €646,358
Debt > 1 year
€144,838▼
2024 · €177,603
Income taxes
€26,978▲
2024 · €15,027
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,684 companies that looked in July 2024 the way this one looks now, 1.3% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.3%
went bankrupt
1.2%
stopped otherwise
97%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 2,684 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 | 2022 | 2023 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €28,489 | - | €2,349 | €27,937 | ▲ 1,089% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €46,874 | €62,542 | €45,705 | €63,739 | €67,075 | ▲ 5.2% |
| Other operating charges640/8 | €165 | - | €2,339 | - | €154 | - |
| Gross operating margin9900 | €176,818 | €101,481 | €50,779 | €144,797 | €192,790 | ▲ 33.1% |
| Operating profit (loss)9901 | €129,778 | €38,938 | €2,735 | €81,058 | €125,561 | ▲ 54.9% |
| Financial income75/76B | €7,000 | - | €3,750 | €2 | €32 | ▲ 1,826% |
| Recurring financial income75 | €7,000 | - | €3,750 | €2 | €32 | ▲ 1,826% |
| Non-recurring financial income76B | €7,000 | - | €3,750 | - | - | - |
| Financial charges65/66B | €7,314 | €11,865 | €7,693 | €16,639 | €13,899 | ▼ 16.5% |
| Recurring financial charges65 | €7,314 | €11,865 | €7,693 | €16,639 | €13,899 | ▼ 16.5% |
| Profit (loss) for the period before taxes9903 | €129,464 | €27,074 | -€1,208 | €64,421 | €111,693 | ▲ 73.4% |
| Income taxes67/77 | €25,460 | - | -€3,554 | €15,027 | €26,978 | ▲ 79.5% |
| Profit (loss) for the period9904 | €104,005 | €27,074 | €2,346 | €49,394 | €84,715 | ▲ 71.5% |
| Profit (loss) for the period to be appropriated9905 | €104,005 | €27,074 | €2,346 | €49,394 | €84,715 | ▲ 71.5% |
| Line | 2022 | 2023 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €395,961 | €504,088 | €461,612 | €1.0m | €1.0m | ▼ 1.4% |
| Fixed assets21/28 | €114,624 | €148,425 | €115,582 | €333,333 | €285,434 | ▼ 14.4% |
| Intangible fixed assets21 | - | - | - | €191,616 | €171,616 | ▼ 10.4% |
| Tangible fixed assets22/27 | €114,624 | €148,425 | €115,582 | €141,717 | €113,818 | ▼ 19.7% |
| Plant, machinery and equipment23 | €33,669 | €19,667 | €14,544 | €9,078 | €26,417 | ▲ 191% |
| Furniture and vehicles24 | €80,955 | €128,758 | €101,038 | €132,639 | €87,401 | ▼ 34.1% |
| Current assets29/58 | €281,337 | €355,663 | €346,030 | €709,838 | €743,053 | ▲ 4.7% |
| Stocks and contracts in progress3 | €223,250 | €229,000 | €255,611 | €587,000 | €523,860 | ▼ 10.8% |
| Stocks30/36 | €223,250 | €229,000 | €255,611 | €587,000 | €523,860 | ▼ 10.8% |
| Amounts receivable within one year40/41 | €57,460 | €126,036 | €90,419 | €118,395 | €171,472 | ▲ 44.8% |
| Trade receivables40 | €57,460 | €110,266 | €74,849 | €118,395 | €98,593 | ▼ 16.7% |
| Other amounts receivable41 | - | €15,770 | €15,570 | - | €72,879 | - |
| Cash at bank and in hand54/58 | - | - | - | €4,443 | €47,721 | ▲ 974% |
| Deferred charges and accrued income490/1 | €627 | €627 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €395,961 | €504,088 | €461,612 | €1.0m | €1.0m | ▼ 1.4% |
| Equity10/15 | €140,397 | €167,471 | €169,817 | €219,211 | €303,926 | ▲ 38.6% |
| Contributions10/11 | €6,720 | €6,720 | €6,720 | €6,720 | €6,720 | = |
| Reserves13 | €133,677 | €160,751 | €163,097 | €212,491 | €297,206 | ▲ 39.9% |
| Non-distributable reserves130/1 | €1,234 | €1,234 | €1,234 | - | - | - |
| Reserves not available under the articles1311 | €1,234 | €1,234 | €1,234 | - | - | - |
| Distributable reserves133 | €132,443 | €159,517 | €161,863 | €212,491 | €297,206 | ▲ 39.9% |
| Amounts payable17/49 | €255,563 | €336,617 | €291,795 | €823,960 | €724,562 | ▼ 12.1% |
| Amounts payable after more than one year17 | €117,080 | €173,166 | €151,375 | €177,603 | €144,838 | ▼ 18.4% |
| Financial debts170/4 | €117,080 | €173,166 | €151,375 | €177,603 | €144,838 | ▼ 18.4% |
| Amounts payable within one year42/48 | €138,483 | €163,451 | €140,420 | €646,358 | €579,724 | ▼ 10.3% |
| Current portion of amounts payable after more than one year42 | €12,880 | €34,846 | €40,729 | €67,181 | €60,155 | ▼ 10.5% |
| Trade debts44 | €28,227 | €45,650 | €18,663 | €468,243 | €406,615 | ▼ 13.2% |
| Suppliers440/4 | €28,227 | €45,650 | €18,663 | €468,243 | €406,615 | ▼ 13.2% |
| Taxes, remuneration and social security45 | €24,980 | €25,763 | €2,570 | €37,649 | €67,101 | ▲ 78.2% |
| Taxes450/3 | €24,980 | €25,763 | €2,570 | €37,649 | €67,101 | ▲ 78.2% |
| Other amounts payable47/48 | €72,397 | €57,191 | €78,457 | €73,286 | €45,853 | ▼ 37.4% |
| Line | 2022 | 2023 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €104,005 | €27,074 | €2,346 | €49,394 | €84,715 | ▲ 71.5% |
| + Depreciation and write-downs630 | €46,874 | €62,542 | €45,705 | €63,739 | €67,075 | ▲ 5.2% |
| Operating cash flow (approximation) | €150,879 | €89,616 | €48,051 | €113,133 | €151,790 | ▲ 34.2% |
| Investment in fixed assets (approximation) | - | -€96,343 | - | -€281,490 | -€19,176 | ▲ 93.2% |
| Change in cash | - | - | - | - | €43,278 | - |
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
22-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 53 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
31-12
Financial
Equity above €200,000Eq €219,211 ▲29.1%
5 profitable years in a row build equity to €219,211.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
11-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Equity above €150,000Eq €167,471 ▲19.3%
3 profitable years in a row build equity to €167,471.
2022
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-03
Financial
Highest result since 2019net €104,005 ▲255%
Operating result €129,778, net result €104,005, both a record.
31-03
Financial
Liquidity doublescurrent ratio 2.03
Current ratio from 0.99 to 2.03.
31-03
Financial
Equity above €100,000Eq €140,397 ▲286%
2 profitable years in a row build equity to €140,397.
2021
26-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Back to profitnet €29,275
Net result €29,275 after 2 loss-making years.
Show earlier events
2020
06-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
13-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
05-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 5 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Meise · 1 establishment unit since 2016
Ground area
1,794 m²
Building footprint
1,143 m²
Volume, LiDAR
9,908 m³
2 parcels, Flanders · tallest building 14.2 m, ±3 floors. Linked by address, not a title deed.
10
companies at this address
See who is registered here
1 establishment unit
Audioscape
since 20162.258.461.688
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23093F0500/00M003 | Flanders | 1,482 m² | 1 · 1,143 m² | 14.2 m · 3 fl. |
| 37009A0788/00E006 | Flanders | 312 m² | - | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 3,750 EUR awarded · 3,750 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 3,750 EUR | 3,750 EUR |
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Of 979 companies in sector 46431 we hold annual accounts for 706. 547 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-10-2016
Fiscal year end31-12
Activities, NACEBEL 2025
46431Wholesale of electrical household appliances and audio-video equipment
47400Retail sale of information and communication equipment
Contact
E-mail
contact@lhavgroup.comWielsbeke
E-invoicing
Reachable via Peppol
Peppol ID
0208:0663973809
Registered
02-06-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.