LHD
ActiveSummary
LHD has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.94M and a net result of €448k. Equity is growing by ~7.5% per year across the filed fiscal years. Its solvency ranks better than 48% of 7838 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability64▼-15
Solvency68▼-15
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity tight (current ratio 1.13 against 2.66 in 2024; short-term debt: 30.9% and cash: 1.2% of total assets), and 57.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
42.7%
Return on assets
9.9%
Age of the figures
9 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
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 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
27 d late
2023
23 d late
2022
30 d late
2021
2 d early
2020
31 d late
2019
90 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.94M▼ 23.5%
2024 · €2.53M
2018: €1.46M
2019: €1.83M
2020: €1.75M
2021: €2.07M
2022: €2.26M
2023: €2.46M
2024: €2.53M
2018 → 2025
Total assets
€4.54M▲ 3.8%
2024 · €4.37M
2018: €3.15M
2019: €3.36M
2020: €3.77M
2021: €4.14M
2022: €4.16M
2023: €4.26M
2024: €4.37M
2018 → 2025
Net result
€448k▲ 29.5%
2024 · €346k
2018: €94k
2019: €367k
2020: €80k
2021: €317k
2022: €188k
2023: €207k
2024: €346k
2018 → 2025
Working capital
€187k▼ 78.2%
2024 · €858k
2018: €732k
2019: €1.32M
2020: €421k
2021: €743k
2022: €786k
2023: €894k
2024: €858k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.07M-€2.26M▲ 9.1%€2.46M▲ 9.2%€2.53M▲ 2.9%€1.94M▼ 23.5%
Operating result€489-€27k▲ 5,383%€77k▲ 186%€110k▲ 43.3%€74k▼ 32.9%
Net result€317k-€188k▼ 40.7%€207k▲ 9.9%€346k▲ 67.3%€448k▲ 29.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 33% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.54M
Fixed assets
€2.95M ▼ 1.6%
Current assets
€1.59M ▲ 15.6%
Equity and liabilities €4.54M
Equity
€1.94M ▼ 23.5%
Debt
€2.60M ▲ 41.3%
Debt's share of the balance-sheet total rises from 42.1% to 57.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€126k▼
2024 · €162k
Cash flow
€500k▲
2024 · €397k
Current ratio
1.13▼
2024 · 2.66
Debt to equity
1.34▲
2024 · 0.73
ROE
23.1%▲
2024 · 13.6%
ROA
9.9%▲
2024 · 7.9%
Interest coverage
3.99▼
2024 · 6.68
Debt ≤ 1 year
€1.40M▲
2024 · €517k
Debt > 1 year
€1.19M▼
2024 · €1.33M
Income taxes
€513▲
2024 · €495
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 · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€4.37M€4.54M▲
Fixed assets21/28€3.00M€2.95M▼
Tangible fixed assets22/27€2.14M€2.09M▼
Land and buildings22€2.13M€2.08M▼
Furniture and vehicles24€8k€7k▼
Financial fixed assets28€860k€860k=
Current assets29/58€1.38M€1.59M▲
Amounts receivable after more than one year29€250k€250k=
Other amounts receivable291€250k€250k=
Amounts receivable within one year40/41€1.07M€1.27M▲
Trade receivables40€21k€22k▲
Other amounts receivable41€1.05M€1.25M▲
Cash at bank and in hand54/58€37k€55k▲
Deferred charges and accrued income490/1€15k€11k▼
Equity and liabilities
Total equity and liabilities10/49€4.37M€4.54M▲
Equity10/15€2.53M€1.94M▼
Contributions10/11€20k€20k=
Reserves13€2.51M€1.92M▼
Distributable reserves133€2.51M€1.92M▼
Amounts payable17/49€1.84M€2.60M▲
Amounts payable after more than one year17€1.33M€1.19M▼
Financial debts170/4€1.32M€1.18M▼
Other amounts payable178/9€9k€9k▲
Amounts payable within one year42/48€517k€1.40M▲
Current portion of amounts payable after more than one year42€149k€135k▼
Trade debts44€18k-
Suppliers440/4€18k-
Other amounts payable47/48€351k€1.27M▲
Accrued charges and deferred income492/3-€9k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€52k€52k▲
Other operating charges640/8€22k€23k▲
Gross operating margin9900€184k€149k▼
Operating profit (loss)9901€110k€74k▼
Financial income75/76B€260k€406k▲
Recurring financial income75€260k€406k▲
Financial charges65/66B€24k€32k▲
Recurring financial charges65€24k€32k▲
Profit (loss) for the period before taxes9903€346k€448k▲
Income taxes67/77€495€513▲
Profit (loss) for the period9904€346k€448k▲
Profit (loss) for the period to be appropriated9905€346k€448k▲
Appropriation of the result
Profit (loss) to be appropriated9906€346k€448k▲
Transfer from equity791/2€275k€1.04M▲
Transfer to equity691/2€346k€448k▲
To other reserves6921€346k€448k▲
Profit to be distributed694/7€275k€1.04M▲
Directors or managers695€275k€1.04M▲
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €448k ▲29.5%
Net result €448k, the highest in the series.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 27 days late
2024
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 23 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €2MEq €2.07M ▲18.1%
4 profitable years in a row build equity to €2.07M.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €80k ▼78.2%
Net result drops to €80k, the lowest in the series; recovery starts the following year.
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 90 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Antwerpen · 1 establishment unit since 2005
Ground area
3,490 m²
Building footprint
1,735 m²
Volume, LiDAR
9,732 m³
Parcel 11463D0151/00V000, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
LHD
since 20052.147.701.645
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11463D0151/00V000 | Flanders | 3,490 m² | 1 · 1,735 m² | 7.7 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.
Recognitions · licences · registrations
Legal Entity Identifier
25490044M7LGTXHGZL49
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Etablissements Cornez
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Of 9,528 companies in sector 43222 we hold annual accounts for 5,663. 2,108 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
Founded21-06-2005
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
43990Other specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.