LIZEL
ActiveSummary
LIZEL has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €714,049 and a net result of €94,695. Equity is growing by ~2.8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.5% (very low).
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Signals
This company filed its last 7 accounts on average 34 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, full schema
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.
Peer companies
Historical observationOf the 4,681 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 97% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
For this company itself Checked computes a bankruptcy probability of 0.5% 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 4,681 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.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €30,775 | €30,775 | €30,775 | €30,775 | €30,316 | ▼ 1.5% |
| Other operating charges640/8 | €2,943 | €2,984 | €3,273 | €2,539 | €3,476 | ▲ 36.9% |
| Gross operating margin9900 | €3,224 | €9,028 | €12,047 | €13,014 | €13,035 | ▲ 0.2% |
| Operating profit (loss)9901 | -€30,495 | -€24,731 | -€22,001 | -€20,301 | -€20,757 | ▼ 2.2% |
| Financial income75/76B | €65,119 | €81,313 | €94,492 | €140,904 | €218,265 | ▲ 54.9% |
| Recurring financial income75 | €65,119 | €81,313 | €94,492 | €140,904 | €218,265 | ▲ 54.9% |
| Financial charges65/66B | €33,770 | €43,567 | €44,239 | €63,644 | €103,323 | ▲ 62.3% |
| Recurring financial charges65 | €33,770 | €43,567 | €44,239 | €63,644 | €103,323 | ▲ 62.3% |
| Profit (loss) for the period before taxes9903 | €854 | €13,014 | €28,252 | €56,959 | €94,185 | ▲ 65.4% |
| Transfer from deferred taxes780 | €511 | €511 | €511 | €511 | €511 | = |
| Profit (loss) for the period9904 | €1,365 | €13,525 | €28,762 | €57,470 | €94,695 | ▲ 64.8% |
| Transfer from tax-exempt reserves789 | €2,704 | €2,704 | €2,704 | €2,704 | €2,704 | = |
| Profit (loss) for the period to be appropriated9905 | €4,068 | €16,228 | €31,466 | €60,174 | €97,399 | ▲ 61.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.4m | €3.0m | €2.7m | €4.1m | €4.4m | ▲ 8.8% |
| Fixed assets21/28 | €504,927 | €624,152 | €443,377 | €412,601 | €382,285 | ▼ 7.3% |
| Tangible fixed assets22/27 | €504,927 | €474,152 | €443,377 | €412,601 | €382,285 | ▼ 7.3% |
| Land and buildings22 | €165,289 | €158,324 | €151,358 | €144,393 | €137,887 | ▼ 4.5% |
| Plant, machinery and equipment23 | €12,416 | €10,421 | €8,426 | €6,430 | €4,435 | ▼ 31.0% |
| Other tangible fixed assets26 | €327,222 | €305,407 | €283,593 | €261,778 | €239,963 | ▼ 8.3% |
| Financial fixed assets28 | - | €150,000 | - | - | - | - |
| Current assets29/58 | €1.9m | €2.4m | €2.2m | €3.7m | €4.0m | ▲ 10.7% |
| Amounts receivable after more than one year29 | €1.9m | €1.9m | €1.8m | €1.8m | €1.2m | ▼ 31.2% |
| Other amounts receivable291 | €1.9m | €1.9m | €1.8m | €1.8m | €1.2m | ▼ 31.2% |
| Amounts receivable within one year40/41 | - | €448,453 | €485,385 | €1.7m | €2.2m | ▲ 25.7% |
| Other amounts receivable41 | - | €448,453 | €485,385 | €1.7m | €2.2m | ▲ 25.7% |
| Cash at bank and in hand54/58 | €3,335 | €3,030 | €2,898 | €109,340 | €617,061 | ▲ 464% |
| Deferred charges and accrued income490/1 | €34,219 | €36,129 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.4m | €3.0m | €2.7m | €4.1m | €4.4m | ▲ 8.8% |
| Equity10/15 | €519,597 | €533,122 | €561,884 | €619,354 | €714,049 | ▲ 15.3% |
| Contributions10/11 | €372,000 | €372,000 | €372,000 | €372,000 | €372,000 | = |
| Capital10 | €372,000 | €372,000 | €372,000 | €372,000 | €372,000 | = |
| Issued capital100 | €372,000 | €372,000 | €372,000 | €372,000 | €372,000 | = |
| Reserves13 | €158,785 | €161,122 | €189,884 | €247,354 | €342,049 | ▲ 38.3% |
| Non-distributable reserves130/1 | €12,423 | €12,675 | €14,248 | €17,257 | €22,127 | ▲ 28.2% |
| Legal reserve130 | €12,423 | €12,675 | €14,248 | €17,257 | €22,127 | ▲ 28.2% |
| Tax-exempt reserves132 | €42,720 | €40,017 | €37,313 | €34,610 | €31,906 | ▼ 7.8% |
| Distributable reserves133 | €103,642 | €108,430 | €138,322 | €195,487 | €288,016 | ▲ 47.3% |
| Profit (loss) carried forward14 | -€11,188 | - | - | - | - | - |
| Provisions and deferred taxes16 | €8,064 | €7,554 | €7,043 | €6,533 | €6,022 | ▼ 7.8% |
| Deferred taxes168 | €8,064 | €7,554 | €7,043 | €6,533 | €6,022 | ▼ 7.8% |
| Amounts payable17/49 | €1.9m | €2.5m | €2.1m | €3.4m | €3.7m | ▲ 7.7% |
| Amounts payable after more than one year17 | €282,511 | €237,069 | €189,188 | €138,666 | €85,393 | ▼ 38.4% |
| Financial debts170/4 | €282,511 | €237,069 | €189,188 | €138,666 | €85,393 | ▼ 38.4% |
| Amounts payable within one year42/48 | €1.6m | €2.2m | €1.9m | €3.3m | €3.5m | ▲ 8.6% |
| Current portion of amounts payable after more than one year42 | €43,096 | €45,442 | €47,881 | €50,522 | €53,273 | ▲ 5.4% |
| Trade debts44 | €698 | - | - | - | - | - |
| Suppliers440/4 | €698 | - | - | - | - | - |
| Other amounts payable47/48 | €1.5m | €2.2m | €1.9m | €3.2m | €3.5m | ▲ 8.6% |
| Accrued charges and deferred income492/3 | - | €11,055 | €15,000 | €36,722 | €75,889 | ▲ 107% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,365 | €13,525 | €28,762 | €57,470 | €94,695 | ▲ 64.8% |
| + Depreciation and write-downs630 | €30,775 | €30,775 | €30,775 | €30,775 | €30,316 | ▼ 1.5% |
| Operating cash flow (approximation) | €32,140 | €44,300 | €59,537 | €88,245 | €125,011 | ▲ 41.7% |
| Investment in fixed assets (approximation) | - | -€150,000 | €150,000 | €0 | €0 | - |
| Change in cash | - | -€305 | -€131 | €106,442 | €507,721 | ▲ 377% |
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
29-06
State Gazette act
Resignations: L.K.C. (non-statutory director) and KELCHTERMANS Ludo Erik (non-statutory director)Reappointment: KELCHTERMANS Ludo Erik (non-statutory director) · Appointments: LAUREYS Greta Marie Constance (non-statutory director) and KELCHTERMANS Ludo Erik (managing director) · Board rule19 facts ▸
- Director resignation, L.K.C. (non-statutory director)
- Director resignation, KELCHTERMANS Ludo Erik (non-statutory director)
- Board rule, niet-statutair bestuurders, 2
- Director reappointment, KELCHTERMANS Ludo Erik (non-statutory director)
- Director appointment, LAUREYS Greta Marie Constance (non-statutory director)
- Board meeting, enig besluit, eenparigheid van stemmen
- Director resignation, L.K.C. (enige gedelegeerd bestuurder)
- Board rule, gedelegeerd bestuurder, 1
- Director appointment, KELCHTERMANS Ludo Erik (managing director)
- Registered office clause, 3990 Peer,Kruisdijk 3, algemene vergadering
- General meeting, 28-05-2026
- Statutes amendment
- +7 further facts in this act
About the unread acts
Of the 8 Belgian State Gazette acts we know for this company, 1 has been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
Board 2
Day-to-day management 1
Not every act has been read: a resignation may be missing here
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72030D0721/00Y003 | Flanders | 4,314 m² | 1 · 271 m² | 6.9 m · 1 fl. |
Linked by address, not proof of ownership
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| KELCHTERMANS Ludo Erik |
|
| LAUREYS Greta Marie Constance |
|
| L.K.C. |
|
Articles of association
Full purpose (7 activities)
- Onderneming in onroerende goederen,welke onder meer omvat: de verwerving,de vervreemding,het beheer,de borgstelling,de uitbating,de valorisatie,de verkaveling,de ordening,de huur en de verhuur,het doen bouwen en verbouwen,evenals alle welkdanige onroerende verhandelingen in de meest brede zin,met inbegrip van de onroerende leasing.
- De vennootschap mag in België en in het buitenland alle commerciële,industriële,financiële,roerende en onroerende verrichtingen doen die rechtstreeks of onrechtstreeks in verband staan met haar voorwerp.
- Zij mag eveneens belangen hebben bij wijze van inbreng,inschrijving of anderszins,in alle ondernemingen,verenigingen of vennootschappen,die een gelijkaardig,analoog of aanverwant voorwerp nastreven,of waarvan het voorwerp van aard is dat van de vennootschap te bevorderen.
- Zij mag zowel in België als in het buitenland alle verrichtingen doen met betrekking tot het hierboven bepaalde voorwerp en op alle wijzen die zij het best geschikt acht,en inzonderheid: het opnemen van bestuurders-,vereffenaars- of andere mandaten in Belgische en/of buitenlandse vennootschappen;
- Het verwerven door inschrijving of aankoop,voor eigen rekening of voor rekening van derden van aandelen,obligaties,kasbons of andere roerende waarden,van welke vorm ook,van Belgische of buitenlandse,bestaande of nog op te richten vennootschappen;
- Het bevorderen van de oprichting van vennootschappen door inbreng,participatie of investering;
- Het toestaan van leningen en kredietopeningen aan vennootschappen en particulieren,onder om het even welke vorm; in dit kader kan zij zich ook borg stellen of haar aval verlenen,in de meest ruime zin,alle handels- en financiële operaties verrichten behalve deze die wettelijk voorbehouden zijn aan depositobanken,houders van deposito’s op korte termijn,spaarbanken,hypotheekmaatschappijen en kapitalisatieondernemingen.
Structure & network
Owners and holdings
1 ownerChain of control
- L.K.C.
- LIZEL
Highest known parent: L.K.C.. The sources do not say who stands above it.
Owners 1
- L.K.C.parentSourceaccounts L.K.C. 2025100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
Capital and shareholders
- 29-06-2026 Capital stated in the act · 372,000 EUR · 150 shares
Company details
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.