LKDE

Active

Private limited companyfounded 20206 yrs activeVoskenslaan 82, 9000 Gent, BelgiumKBO/BCE: BE 0744.835.977

LKDE has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €38k and a net result of €-1k. Equity is growing by ~34.3% per year across the filed fiscal years. Its solvency ranks better than 20% of 1984 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).

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Checked score

Score 2025

45 / 100

Fair▼ -11 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability0▼-100

Solvency23▲+3

Growth52▼-26

Stability100

Bankruptcy probability, 12 months

1.0% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €2k at 30 days acceptable

Liquidity tight (current ratio 1.07 against 0.87 in 2024), and 84% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 71

Relative position

BE, all sectors

reference

Sector 71

lower

← fewer bankruptcies more bankruptcies →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

16%

Return on assets

-0.5%

Age of the figures

8 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 1984 sector peers (2025).

NBB · sector comparison

Position among 1984 sector peers

Solvency

better than 20%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.

NBB · 5 filings

Deviation from the deadline

2025

3 d early

2024

on the day

2023

on the day

2022

31 d late

2021

19 d late

← before the deadline after the deadline →

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 months

Position in the running window

14-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, abbreviated schema

Turnover

€239k

EBIT margin

2.6%

Net result

€-1k

2024 · €14k

2021: €2k 2022: €6k 2023: €12k 2024: €14k

2021 → 2025

Working capital

€9k

2024 · €-14k

2021: €-42k 2022: €-48k 2023: €-37k 2024: €-14k

2021 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Turnover€239k-

Equity€7k-€13k▲ 73.7%€25k▲ 96.2%€40k▲ 55.2%€38k▼ 2.9%

Operating result€6k-€9k▲ 52.8%€22k▲ 139%€26k▲ 14.5%€7k▼ 72.4%

Net result€2k-€6k▲ 122%€12k▲ 127%€14k▲ 12.5%€-1k

Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2025; 2025 is 72% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €240k

42.9%

57.1%

Fixed assets €103k▼ 23.9%

Current assets €137k▲ 37.8%

Equity and liabilities €240k

16.0%

84.0%

Equity €38k▼ 2.9%

Debt €201k▲ 3.3%

The debt ratio rises from 83.1% to 84.0%: debt grows while equity shrinks.

Key figures and ratios

2025 value · change against 2024

EBITDA

€32k▼

2024 · €54k

Cash flow

€24k▼

2024 · €42k

Solvency

16.0%▼

2024 · 16.9%

Current ratio

1.07▲

2024 · 0.87

Quick ratio

1.07▲

2024 · 0.87

Debt / equity

5.24▲

2024 · 4.93

ROE

-3.0%▼

2024 · 35.6%

ROA

-0.5%▼

2024 · 6.0%

Interest coverage

6.08▼

2024 · 18.68

Debt

€201k▲

2024 · €195k

Debt ≤ 1 year

€128k▲

2024 · €114k

Debt > 1 year

€73k▼

2024 · €81k

Income taxes

€4k▼

2024 · €9k

Staff costs

€60k▼

2024 · €98k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€234k€240k▲

Fixed assets21/28€135k€103k▼

Tangible fixed assets22/27€133k€100k▼

Land and buildings22€90k€81k▼

Plant, machinery and equipment23€11k€3k▼

Furniture and vehicles24€17k€3k▼

Other tangible fixed assets26€15k€13k▼

Financial fixed assets28€2k€2k=

Current assets29/58€99k€137k▲

Amounts receivable within one year40/41€71k€118k▲

Trade receivables40€68k€111k▲

Other amounts receivable41€3k€7k▲

Cash at bank and in hand54/58€11k€334▼

Deferred charges and accrued income490/1€17k€18k▲

Equity and liabilities

Total equity and liabilities10/49€234k€240k▲

Equity10/15€40k€38k▼

Contributions10/11€5k€5k=

Reserves13€32k€32k=

Distributable reserves133€32k€32k=

Profit (loss) carried forward14€2k€1k▼

Amounts payable17/49€195k€201k▲

Amounts payable after more than one year17€81k€73k▼

Financial debts170/4€81k€73k▼

Amounts payable within one year42/48€114k€128k▲

Current portion of amounts payable after more than one year42€15k€11k▼

Trade debts44€22k€39k▲

Suppliers440/4€22k€39k▲

Bills of exchange payable441€0-

Taxes, remuneration and social security45€41k€30k▼

Taxes450/3€26k€19k▼

Remuneration and social security454/9€15k€11k▼

Other amounts payable47/48€36k€47k▲

Accrued charges and deferred income492/3-€167

Income statement Code20242025

Remuneration, social security and pensions62€98k€60k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€25k▼

Other operating charges640/8€5k€8k▲

Non-recurring operating charges66A-€5k

Gross operating margin9900€156k€105k▼

Operating profit (loss)9901€26k€7k▼

Financial income75/76B€1€1k▲

Recurring financial income75€1€1k▲

Financial charges65/66B€3k€5k▲

Recurring financial charges65€3k€5k▲

Profit (loss) for the period before taxes9903€23k€3k▼

Income taxes67/77€9k€4k▼

Profit (loss) for the period9904€14k€-1k▼

Profit (loss) for the period to be appropriated9905€14k€-1k▼

Appropriation of the result

Profit (loss) to be appropriated9906€17k€1k▼

Profit (loss) brought forward from the previous period14P€2k€2k=

Transfer to equity691/2€14k€0▼

To other reserves6921€14k€0▼

Social balance

Average headcount (FTE)90872.71.7▼

The notes to these accounts (21 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 7Financial 2Filings 5

Next filing, fiscal year 2026, expected by 31-07-2027

2026

28-07

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

31-12

Financial Weakest financial yearnet €-1k ▼108%

Net result drops to €-1k, the lowest in the series.

31-07

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

31-12

Financial Highest result since 2021net €14k ▲12.5%

Operating result €26k, net result €14k, both a record.

31-07

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

31-08

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema · 31 days late

2022

19-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 19 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Gent · 3 establishment units since 2020

establishment All 3 establishment units on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Voskenslaan 829000 Gent

Ground area

3,035 m²

Building footprint

2,284 m²

Volume, LiDAR

16,915 m³

3 parcels, Flanders · tallest building 26.4 m, ±8 floors. Linked by address, not a title deed.

3 establishment units

LKDE

Voskenslaan 82, 9000 GentActivities of head offices; management consultancy activities

since 20202.300.116.260

LKDE

Hooierzelestraat 7, 9250 WaasmunsterActivities of head offices; management consultancy activities

since 20212.348.456.706

LKDE

Industriepark 9, 9820 Merelbeke-MelleActivities of head offices; management consultancy activities

since 20242.362.675.421

3 parcels

Flanders 3 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44413A0076/00A000	Flanders	2,268 m²	1 · 1,729 m²	9.1 m · 2 fl.
44809I0322/00N000	Flanders	413 m²	1 · 250 m²	26.4 m · 8 fl.
42342C0568/00C000	Flanders	354 m²	1 · 305 m²	7.5 m · 2 fl.