Equity
LHOST paid out €60,000 in dividends. That is 151% of the 2025 profit.
LHOST paid out €60,000 in dividends. That is 151% of the 2025 profit.
In 2025, 1 person joined and nobody left.
Eight of the last ten came late. The 2020 accounts came latest: 90 days after the end of the period.
The dashed line is the sector median: 0.6% across 40,275 companies (NACE 47, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 52% of them on solvency, 28% on liquidity, 81% on profitability and 22% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 31,368 companies had the same profile as LHOST has now. Each dot stands for 79 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LHOST itself: 0.4% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for LHOST. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is tight, with a current ratio of 1.19 (1.43 in 2024), below the usual 1.5. Short-term debt is 62.7% and cash 11.1% of total assets. 63.1% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 47 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| LHOST Frameries | €280,069 | €130,381 | 36.9% | - |
| S.M.T.B. Hensies | €307,859 | €153,415 | 53.4% | - |
| Ets PIERRE SMULDERS Sint-Pieters-Leeuw | €253,997 | €140,375 | 0.4% | - |
| VAN CLAPDORP VERWARMING Sint-Niklaas | €302,131 | €142,152 | 42.8% | - |
| CHARDON AND CO Aiseau-Presles | €419,163 | €138,503 | 71.5% | - |
| CORPUS HEALTH & BEAUTY Kaprijke | €275,426 | €126,845 | -105.7% | - |
| INFORGIX SPRL Limbourg | €386,010 | €103,325 | 12.6% | - |
These companies have the same main activity as LHOST: retail sale of solid, liquid and gaseous fuels, excluding motor fuels (NACE 47781). They are comparable in size and age: total assets between €254,000 and €419,000, founded between 1994 and 2003.
LHOST files the micro format. That format states no turnover. The gross margin rose from €8,341 in 2006 to €130,381 in 2025.
M&K Management holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
The turnover shown is an estimate from the gross margin.
Turnover ≈ €390,000. Estimated: probably between €280,000 and €740,000.
Amounts without an identifiable currency are taken as euros.
Higher than 53% of 22,924 companies in 2025.
Higher than 40% of 22,052 companies in 2025.
Higher than 77% of 22,202 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Staff costs divided by the average number of full-time equivalents.
In 2025, 1 person joined and nobody left.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
280,069 | 295,873 | 334,559 | 259,354 | 355,772 | 280,186 | 299,462 | 230,833 | 239,856 | 153,530 | 124,100 | 105,377 | 83,600 | 99,497 | 105,315 | 109,535 | 119,034 | 130,051 | 145,517 | 156,299 | |
21/28 |
71,132 | 81,146 | 92,199 | 100,747 | 105,693 | 94,929 | 91,608 | 68,668 | 72,302 | 76,084 | 85,633 | 74,593 | 82,385 | 90,297 | 98,240 | 106,184 | 114,487 | 122,997 | 132,244 | 145,074 | |
22/27 |
71,132 | 81,146 | 92,199 | 100,747 | 105,693 | 94,929 | 91,608 | 68,668 | 72,302 | 76,084 | 85,633 | 74,593 | 82,385 | 90,297 | 98,240 | 106,184 | 114,487 | 122,997 | 132,244 | 145,015 | |
22 |
32,588 | 34,973 | 37,358 | 39,743 | 42,128 | 44,513 | 46,898 | 49,282 | 51,667 | 54,052 | 56,437 | 58,822 | 61,207 | 63,592 | 65,977 | 68,362 | 70,747 | 73,132 | 75,517 | 77,903 | |
23 |
37,994 | 45,227 | 54,841 | 61,005 | 63,565 | 49,964 | 43,689 | 17,553 | 20,151 | 21,406 | 28,274 | 15,771 | 21,178 | 26,705 | 32,263 | 37,822 | 43,680 | 49,745 | 56,511 | 66,783 | |
24 |
550 | 946 | - | - | - | 452 | 1,021 | 1,832 | 484 | 625 | 923 | - | - | - | - | - | 60 | 120 | 216 | 329 | |
28 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 59 | |
29/58 |
208,937 | 214,727 | 242,360 | 158,607 | 250,079 | 185,257 | 207,854 | 162,165 | 167,554 | 77,446 | 38,466 | 30,784 | 1,215 | 9,200 | 7,075 | 3,351 | 4,547 | 7,054 | 13,273 | 11,225 | |
3 |
118,282 | 136,325 | 142,350 | 147,276 | 83,431 | 79,302 | 94,617 | 59,602 | 47,925 | 39,062 | 21,978 | 16,835 | - | 265 | 462 | 462 | 796 | 796 | 796 | 850 | |
30/36 |
118,282 | 136,325 | 142,350 | 147,276 | 83,431 | 79,302 | 94,617 | 59,602 | 47,925 | 39,062 | 21,978 | 16,835 | - | 265 | 462 | 462 | 796 | 796 | 796 | 850 | |
40/41 |
59,198 | 60,269 | 87,716 | 9,339 | 155,130 | 62,910 | 57,289 | 15,464 | 59,619 | 6,002 | 5,688 | 5,424 | 815 | 1,714 | 1,771 | 1,820 | 1,919 | 1,710 | 1,350 | 3,715 | |
40 |
170 | 537 | 359 | 987 | 204 | 100 | 14,723 | 1,203 | 6,611 | 24 | 5,024 | 1,956 | 483 | 457 | 515 | 557 | 663 | 447 | 90 | 30 | |
41 |
59,028 | 59,732 | 87,357 | 8,351 | 154,926 | 62,810 | 42,566 | 14,262 | 53,008 | 5,977 | 664 | 3,469 | 332 | 1,257 | 1,256 | 1,263 | 1,256 | 1,263 | 1,260 | 3,685 | |
54/58 |
31,143 | 17,985 | 12,294 | 1,992 | 11,260 | 42,821 | 54,767 | 86,412 | 59,494 | 31,704 | 10,178 | 8,194 | 399 | 7,220 | 4,706 | 1,064 | 1,824 | 4,540 | 10,700 | 6,356 | |
490/1 |
314 | 148 | - | - | 258 | 225 | 1,182 | 687 | 516 | 679 | 622 | 331 | 1 | 1 | 136 | 5 | 8 | 8 | 427 | 304 | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
280,069 | 295,873 | 334,559 | 259,354 | 355,772 | 280,186 | 299,462 | 230,833 | 239,856 | 153,530 | 124,100 | 105,377 | 83,600 | 99,497 | 105,315 | 109,535 | 119,034 | 130,051 | 145,517 | 156,299 | |
10/15 |
103,470 | 123,674 | 90,612 | 95,755 | 35,776 | 132,682 | 81,164 | 61,251 | 21,188 | 21,265 | -40,471 | -42,821 | -35,217 | -42,232 | -65,739 | -87,157 | -104,564 | -119,426 | -128,491 | -131,311 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
13 |
4,259 | 5,076 | 5,893 | 6,710 | 7,528 | 108,345 | 49,215 | 1,886 | 1,886 | 1,886 | - | - | - | - | - | - | - | - | - | - | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | |
1311 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
132 |
2,399 | 3,216 | 4,033 | 4,850 | 5,668 | 6,485 | 7,355 | 26 | 26 | 26 | - | - | - | - | - | - | - | - | - | - | |
133 |
- | - | - | - | - | 100,000 | 40,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
80,611 | 99,999 | 66,119 | 70,444 | 9,648 | 5,738 | 13,349 | 40,764 | 702 | 779 | -59,071 | -61,421 | -53,817 | -60,832 | -84,339 | -105,757 | -123,164 | -138,026 | -147,091 | -149,911 | |
16 |
1,083 | 1,426 | 1,770 | 2,113 | 2,456 | 2,799 | 3,090 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
168 |
1,083 | 1,426 | 1,770 | 2,113 | 2,456 | 2,799 | 3,090 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
17/49 |
175,517 | 170,772 | 242,177 | 161,486 | 317,539 | 144,704 | 215,208 | 169,582 | 218,668 | 132,265 | 164,570 | 148,197 | 118,817 | 141,729 | 171,054 | 196,692 | 223,598 | 249,477 | 274,008 | 287,610 | |
17 |
- | - | 998 | 12,636 | 23,680 | 34,160 | 44,106 | 53,544 | 62,500 | 70,999 | 79,065 | 71,142 | 89,424 | 101,220 | 123,903 | 145,429 | 165,856 | 185,241 | 203,636 | 221,528 | |
170/4 |
- | - | 998 | 12,636 | 23,680 | 34,160 | 44,106 | 53,544 | 62,500 | 70,999 | 79,065 | 71,142 | 89,424 | 101,220 | 123,903 | 145,429 | 165,856 | 185,241 | 203,636 | 221,528 | |
42/48 |
175,517 | 149,924 | 241,120 | 148,851 | 293,859 | 110,544 | 171,102 | 116,038 | 156,167 | 61,266 | 85,506 | 74,654 | 28,907 | 39,938 | 46,484 | 50,494 | 56,889 | 63,307 | 69,075 | 63,071 | |
42 |
- | 10,477 | 21,405 | 20,718 | 20,101 | 16,775 | 10,243 | 8,955 | 8,498 | 8,065 | 7,654 | 24,218 | 17,578 | 24,521 | 23,269 | 22,081 | 20,955 | 19,885 | 19,306 | 18,561 | |
43 |
8,811 | - | - | - | - | - | - | - | - | - | - | 2,943 | 1,437 | - | - | - | - | - | - | - | |
430/8 |
8,811 | - | - | - | - | - | - | - | - | - | - | 2,943 | 1,437 | - | - | - | - | - | - | - | |
44 |
44,469 | 49,812 | 70,285 | 80,761 | 83,565 | 36,726 | 58,965 | 33,580 | 53,808 | 28,942 | 44,984 | 10,694 | 691 | 86 | 574 | 764 | 989 | 7,140 | 8,255 | 24,316 | |
440/4 |
44,469 | 49,812 | 70,285 | 80,761 | 83,565 | 36,726 | 58,965 | 33,580 | 53,808 | 28,942 | 44,984 | 10,694 | 691 | 86 | 574 | 764 | 989 | 7,140 | 8,255 | 24,316 | |
45 |
15,859 | 8,222 | 25,636 | 9,790 | 2,611 | 25,315 | 43,598 | 41,448 | 51,444 | 20,294 | 5,677 | 35 | 265 | 325 | 335 | 283 | 684 | 551 | 483 | 501 | |
450/3 |
5,841 | 5,168 | 16,766 | 1,823 | 2,611 | 25,315 | 42,852 | 36,848 | 46,844 | 17,094 | 3,677 | 35 | 265 | 325 | 335 | 283 | 684 | 551 | 483 | 1 | |
454/9 |
10,018 | 3,054 | 8,870 | 7,967 | - | - | 746 | 4,600 | 4,600 | 3,200 | 2,000 | - | - | - | - | - | - | - | - | 500 | |
47/48 |
106,378 | 81,412 | 123,794 | 37,582 | 187,582 | 31,728 | 58,295 | 32,056 | 42,417 | 3,965 | 27,192 | 36,763 | 8,936 | 15,006 | 22,306 | 27,366 | 34,261 | 35,731 | 41,031 | 19,693 | |
492/3 |
- | 20,849 | 59 | - | - | - | - | - | - | - | - | 2,401 | 486 | 571 | 667 | 769 | 853 | 929 | 1,297 | 3,011 | |
| Income statement | |||||||||||||||||||||
76A |
- | 303 | 7,929 | 2 | - | - | 11,826 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9900 |
130,381 | 134,898 | 162,118 | 128,551 | 95,057 | 92,076 | 114,059 | 120,900 | 104,875 | 100,786 | 28,372 | 14,191 | 38,515 | 45,597 | 44,373 | 43,945 | 40,553 | 39,460 | 39,038 | 8,341 | |
62 |
44,857 | 34,728 | 30,761 | 28,400 | 306 | 977 | 887 | 186 | 163 | 71 | 1,870 | - | - | - | - | - | - | - | - | 1,258 | |
630 |
11,214 | 13,435 | 13,933 | 13,530 | 12,763 | 10,858 | 10,080 | 6,178 | 10,622 | 10,212 | 10,079 | 7,792 | 7,912 | 7,943 | 7,944 | 8,303 | 8,510 | 9,247 | 12,771 | 13,227 | |
631/4 |
- | - | - | - | - | - | - | - | - | - | - | - | 10,432 | -950 | - | - | - | - | - | 1,147 | |
640/8 |
12,943 | 7,983 | 16,567 | 8,124 | 8,352 | 8,228 | 13,055 | 7,690 | 7,529 | 7,614 | 8,854 | 6,754 | 6,894 | 7,807 | 6,537 | 8,751 | 6,075 | 5,749 | 6,081 | 8,224 | |
66A |
- | - | 0 | 1,722 | - | - | 3,015 | - | - | - | - | - | - | - | - | - | - | - | - | 18,043 | |
9901 |
61,368 | 78,752 | 100,857 | 76,774 | 73,636 | 72,014 | 87,022 | 106,846 | 86,562 | 82,888 | 7,569 | -355 | 13,277 | 30,797 | 29,892 | 26,891 | 25,968 | 24,464 | 20,186 | -15,515 | |
75/76B |
22 | 3 | 2 | - | - | 117 | 4 | 1,660 | 1,899 | 4 | 0 | 13 | 7 | 5 | 5 | 6 | 9 | 19 | 31 | 46 | |
75 |
22 | 3 | 2 | - | - | 117 | 4 | 1,660 | 1,899 | 4 | 0 | 13 | 7 | 5 | 5 | 6 | 9 | 19 | 31 | 46 | |
65/66B |
2,558 | 2,049 | 2,959 | 3,144 | 3,438 | 3,723 | 5,381 | 4,435 | 4,609 | 5,570 | 5,220 | 7,261 | 6,269 | 7,295 | 8,479 | 9,490 | 11,115 | 15,418 | 17,397 | 19,580 | |
65 |
2,558 | 2,049 | 2,959 | 3,144 | 3,438 | 3,723 | 5,381 | 4,435 | 4,609 | 5,570 | 5,220 | 7,261 | 6,269 | 7,295 | 8,479 | 9,490 | 11,115 | 15,418 | 17,397 | 19,580 | |
9903 |
58,831 | 76,706 | 97,900 | 73,630 | 70,198 | 68,408 | 81,645 | 104,071 | 83,852 | 77,322 | 2,350 | -7,604 | 7,015 | 23,507 | 21,418 | 17,407 | 14,862 | 9,065 | 2,820 | -53,092 | |
780 |
343 | 343 | 343 | 1,161 | 1,161 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
67/77 |
19,379 | 19,987 | 30,161 | 13,995 | 17,448 | 17,180 | 19,747 | 23,072 | 28,929 | 15,586 | - | - | - | - | - | - | - | - | - | - | |
9904 |
39,795 | 57,062 | 68,082 | 60,796 | 53,911 | 52,389 | 58,809 | 81,000 | 54,923 | 61,736 | 2,350 | -7,604 | 7,015 | 23,507 | 21,418 | 17,407 | 14,862 | 9,065 | 2,820 | -53,092 | |
789 |
817 | 817 | 817 | - | - | - | 844 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
689 |
- | - | - | - | - | - | 8,172 | - | - | 26 | - | - | - | - | - | - | - | - | - | - | |
9905 |
40,612 | 57,880 | 68,899 | 60,796 | 53,911 | 52,389 | 51,480 | 81,000 | 54,923 | 61,709 | 2,350 | -7,604 | 7,015 | 23,507 | 21,418 | 17,407 | 14,862 | 9,065 | 2,820 | -53,092 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
140,611 | 123,999 | 139,344 | 70,444 | 59,648 | 65,738 | 92,244 | 81,701 | 55,702 | 2,639 | -59,071 | -61,421 | -53,817 | -60,832 | -84,339 | -105,757 | -123,164 | -138,026 | -147,091 | -149,911 | |
14P |
99,999 | 66,119 | 70,444 | 9,648 | 5,738 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
- | - | - | - | 100,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | 60,000 | 40,000 | - | - | 1,860 | - | - | - | - | - | - | - | - | - | - | |
6920 |
- | - | - | - | - | - | - | - | - | 1,860 | - | - | - | - | - | - | - | - | - | - | |
6921 |
- | - | - | - | - | 60,000 | 40,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
694/7 |
60,000 | 24,000 | 73,225 | - | 150,000 | - | 38,895 | 40,937 | 55,000 | - | - | - | - | - | - | - | - | - | - | - | |
694 |
60,000 | 24,000 | 73,225 | - | 150,000 | - | 31,645 | 40,937 | 55,000 | - | - | - | - | - | - | - | - | - | - | - | |
695 |
- | - | - | - | - | - | 7,250 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | |||||||||||||||||||||
9087 |
1.3 | 1.1 | 1 | 1 | - | - | 0.1 | - | - | - | 0.3 | - | - | - | - | - | - | - | - | 0.1 | |
Hours worked1013 |
2,341 | 1,982 | 1,768 | 1,718 | - | - | 64 | - | - | - | 206 | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||||||
The accounts for 8 older financial years (1998-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 28-08-2026.
2025 annual accounts filed 28 days after the deadline. Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00480423.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 28-08-2026 | 2026-00480423 | |
| 31-12-2024 | micro format | 29-09-2025 | 2025-00526872 | |
| 31-12-2023 | full format | 29-08-2024 | 2024-00413749 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00396385 | |
| 31-12-2021 | full format | 22-08-2022 | 2022-20307652 | |
| 31-12-2020 | micro format | 29-10-2021 | 2021-74800077 | |
| 31-12-2019 | micro format | 08-10-2020 | 2020-59900567 | |
| 31-12-2018 | micro format | 18-07-2019 | 2019-34600276 | |
| 31-12-2017 | micro format | 31-07-2018 | 2018-43200363 | |
| 31-12-2016 | micro format | 29-08-2017 | 2017-58800482 | |
| 31-12-2015 | full format | 31-08-2016 | 2016-58700148 | |
| 31-12-2014 | full format | 31-08-2015 | 2015-57900071 | |
| 31-12-2013 | full format | 31-12-2014 | 2014-71100549 | |
| 31-12-2012 | full format | 30-07-2013 | 2013-38000147 | |
| 31-12-2011 | full format | 18-07-2012 | 2012-31900469 | |
| 31-12-2010 | full format | 29-07-2011 | 2011-36200318 | |
| 31-12-2009 | full format | 19-07-2010 | 2010-32300044 | |
| 31-12-2008 | full format | 26-06-2009 | 2009-30600369 | |
| 31-12-2007 | full format | 04-07-2008 | 2008-35500228 | |
| 31-12-2006 | full format | 31-08-2007 | 2007-70400148 | |
| 31-12-2005 | full format | 28-07-2006 | 2006-56602106 | |
| 31-12-2004 | full format | 14-07-2005 | 2005-48602733 | |
| 31-12-2003 | full format | 09-07-2004 | 2004-43401178 | |
| 31-12-2002 | full format | 25-07-2003 | 2003-50400331 | |
| 31-12-2001 | full format | 11-07-2002 | 2002-36801860 | |
| 31-12-2000 | full format | 19-07-2001 | 2001-40302561 | |
| 31-12-1999 | full format | 14-07-2000 | 2000-42003619 | |
| 31-12-1998 | full format | 15-07-1999 | 1999-34003261 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 72,581 | 92,187 | 114,790 | 90,304 | 86,399 | 82,872 | 97,102 | 113,024 | 97,184 | 93,100 | 17,648 | 7,437 | 21,189 | 38,740 | 37,836 | 35,194 | 34,478 | 33,711 | 32,957 | -2,288 | ||
| 51,009 | 70,497 | 82,015 | 74,326 | 66,674 | 63,246 | 68,889 | 87,178 | 65,545 | 71,948 | 12,429 | 188 | 14,927 | 31,450 | 29,362 | 25,710 | 23,372 | 18,312 | 15,591 | -39,865 | ||
| 1,200 | 2,382 | 18,590 | 8,585 | 23,527 | 14,179 | 33,020 | 2,545 | 6,840 | 662 | 21,120 | -0 | 0 | 0 | 0 | 0 | 0 | 0 | -59 | 299 | ||
| 13,158 | 5,691 | 10,302 | -9,268 | -31,560 | -11,946 | -31,645 | 26,917 | 27,790 | 21,526 | 1,984 | 7,795 | -6,821 | 2,514 | 3,642 | -760 | -2,716 | -6,160 | 4,344 | - | ||
| 33,420 | 64,804 | 1,240 | 9,756 | -43,781 | 74,713 | 36,752 | 46,127 | 11,387 | 16,181 | -47,040 | -43,869 | -27,692 | -30,738 | -39,409 | -47,143 | -52,342 | -56,253 | -55,802 | -51,846 | ||
| 36.9% | 41.8% | 27.1% | 36.9% | 10.1% | 47.4% | 27.1% | 26.5% | 8.8% | 13.9% | -32.6% | -40.6% | -42.1% | -42.4% | -62.4% | -79.6% | -87.8% | -91.8% | -88.3% | -84.0% | ||
| 1.19 | 1.43 | 1.01 | 1.07 | 0.85 | 1.68 | 1.21 | 1.40 | 1.07 | 1.26 | 0.45 | 0.41 | 0.04 | 0.23 | 0.15 | 0.07 | 0.08 | 0.11 | 0.19 | 0.18 | ||
| 0.52 | 0.52 | 0.41 | 0.08 | 0.57 | 0.96 | 0.66 | 0.88 | 0.77 | 0.63 | 0.19 | 0.19 | 0.04 | 0.22 | 0.14 | 0.06 | 0.07 | 0.10 | 0.18 | 0.16 | ||
| 1.70 | 1.38 | 2.67 | 1.69 | 8.88 | 1.09 | 2.65 | 2.77 | 10.32 | 6.22 | - | - | - | - | - | - | - | - | - | - | ||
| 38.5% | 46.1% | 75.1% | 63.5% | 150.7% | 39.5% | 72.5% | 132.2% | 259.2% | 290.3% | - | - | - | - | - | - | - | - | - | - | ||
| 14.2% | 19.3% | 20.3% | 23.4% | 15.2% | 18.7% | 19.6% | 35.1% | 22.9% | 40.2% | 1.9% | -7.2% | 8.4% | 23.6% | 20.3% | 15.9% | 12.5% | 7.0% | 1.9% | -34.0% | ||
| 28.37 | 44.99 | 38.80 | 28.72 | 25.13 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBIT margin: not included in this filing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 2 | 1 | 1 | 1 |
| full-time | 1 | 1 | 1 | 1 |
| part-time | 1 | - | - | - |
| in full-time equivalents | 1.3 | 1 | 1 | 1 |
| 1.3 | 1.1 | 1 | 1 | |
| On a permanent contract | 1 | - | 1 | 1 |
| Joined | 1 | 1 | - | - |
| Left | 0 | 1 | - | - |
Source: social balance sheet in the 2022 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,200 | €2,382 | €18,590 | €8,585 | €23,527 |
| €11,214 | €13,435 | €13,933 | €13,530 | €12,763 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 22% lower than in 2024 and the lowest since 2015. It is the second fall in a row.
Debt's share of the balance-sheet total rises from 57.7% to 62.7%. Equity is lower and debt is higher.
Source: lists of holdings in the owners' accounts
Source: list of holdings in the 2025 accounts of M&K Management. Every holding stands with its own latest accounts.
| Baiardo, Giovanni (sole trader)
establishment since 01-01-2006 |
founded in 2006 0878.862.758 |
The network starts from the directors of LHOST. Every other company they run is a node.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number | FASFC approval |
|---|---|---|---|
| Rue des Saules 77 registered office 7080 Frameries 46810 Wholesale of solid, liquid and gaseous fuels and related products | 02-01-1998 | 2.084.775.171 | Retail outlet |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 53045A0249/00G008 | 514 m² | 1 · 818 m² | 8.4 m · 2 |
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