Lode Van Sande
ActiveLode Van Sande has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €362k and a net result of €120k. Equity is growing by ~45.5% per year across the filed fiscal years. Its solvency ranks better than 40% of 9183 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability78▲+4
Solvency46▲+6
Growth78=
Track record94
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23k at 30 days acceptable
Liquidity short (current ratio 0.77 against 0.5 in 2024; short-term debt: 32.4% and cash: 7.8% of total assets), and 78.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
21.4%
Return on assets
7.1%
Age of the figures
9 mo
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 08-07-2026, 23 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
23 d early
2024
44 d early
2023
34 d early
2022
33 d early
2021
48 d early
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€362k▲ 49.6%
2024 · €242k
2021: €75k
2022: €130k
2023: €177k
2024: €242k
2021 → 2025
Total assets
€1.69M▲ 7.1%
2024 · €1.58M
2021: €965k
2022: €1.32M
2023: €1.37M
2024: €1.58M
2021 → 2025
Net result
€120k▲ 83.3%
2024 · €66k
2021: €43k
2022: €55k
2023: €46k
2024: €66k
2021 → 2025
Working capital
€-126k▲ 45.4%
2024 · €-231k
2021: €-160k
2022: €-122k
2023: €-147k
2024: €-231k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€75k-€130k▲ 73.5%€177k▲ 35.4%€242k▲ 37.1%€362k▲ 49.6%
Operating result€57k-€76k▲ 35.1%€84k▲ 9.5%€120k▲ 43.3%€197k▲ 64.8%
Net result€43k-€55k▲ 28.0%€46k▼ 16.3%€66k▲ 41.9%€120k▲ 83.3%
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 has risen four years in a row; 2025 is 65% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.69M
Fixed assets
€1.27M▼ 6.0%
Current assets
€423k▲ 83.9%
Equity and liabilities €1.69M
Equity
€362k▲ 49.6%
Debt
€1.33M▼ 0.6%
The debt ratio falls from 84.7% to 78.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€503k▲
2024 · €386k
Cash flow
€425k▲
2024 · €331k
Solvency
21.4%▲
2024 · 15.3%
Current ratio
0.77▲
2024 · 0.50
Quick ratio
0.77▲
2024 · 0.50
Debt / equity
3.68▼
2024 · 5.53
ROE
33.2%▲
2024 · 27.1%
ROA
7.1%▲
2024 · 4.1%
Interest coverage
9.87▲
2024 · 8.63
Debt
€1.33M▼
2024 · €1.34M
Debt ≤ 1 year
€549k▲
2024 · €461k
Debt > 1 year
€783k▼
2024 · €879k
Income taxes
€28k▲
2024 · €10k
Staff costs
€81k▲
2024 · €50k
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€1.58M€1.69M▲
Fixed assets21/28€1.35M€1.27M▼
Intangible fixed assets21€2k€2k▼
Tangible fixed assets22/27€1.35M€1.27M▼
Plant, machinery and equipment23€512k€487k▼
Furniture and vehicles24€144k€171k▲
Leasing and similar rights25€191k€156k▼
Other tangible fixed assets26€503k€456k▼
Current assets29/58€230k€423k▲
Amounts receivable within one year40/41€138k€290k▲
Trade receivables40€138k€290k▲
Cash at bank and in hand54/58€78k€133k▲
Deferred charges and accrued income490/1€14k-
Equity and liabilities
Total equity and liabilities10/49€1.58M€1.69M▲
Equity10/15€242k€362k▲
Contributions10/11€32k€32k=
Reserves13€210k€330k▲
Distributable reserves133€210k€330k▲
Amounts payable17/49€1.34M€1.33M▼
Amounts payable after more than one year17€879k€783k▼
Financial debts170/4€879k€783k▼
Amounts payable within one year42/48€461k€549k▲
Current portion of amounts payable after more than one year42€241k€282k▲
Trade debts44€47k€82k▲
Suppliers440/4€47k€82k▲
Taxes, remuneration and social security45€50k€77k▲
Taxes450/3€43k€63k▲
Remuneration and social security454/9€7k€13k▲
Other amounts payable47/48€124k€109k▼
Accrued charges and deferred income492/3€147-
Income statement
Code20242025
Non-recurring operating income76A-€56k
Remuneration, social security and pensions62€50k€81k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€266k€305k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€11k
Other operating charges640/8€8k€5k▼
Non-recurring operating charges66A€0€849▲
Gross operating margin9900€444k€600k▲
Operating profit (loss)9901€120k€197k▲
Financial income75/76B€674€2k▲
Recurring financial income75€674€2k▲
Financial charges65/66B€45k€51k▲
Recurring financial charges65€45k€51k▲
Profit (loss) for the period before taxes9903€76k€148k▲
Income taxes67/77€10k€28k▲
Profit (loss) for the period9904€66k€120k▲
Profit (loss) for the period to be appropriated9905€66k€120k▲
Appropriation of the result
Profit (loss) to be appropriated9906€66k€120k▲
Transfer to equity691/2€66k€120k▲
To other reserves6921€66k€120k▲
Social balance
Average headcount (FTE)90870.03.2▲
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
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2021net €120k ▲83.3%
Operating result €197k, net result €120k, both a record.
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €200kEq €242k ▲37.1%
4 profitable years in a row build equity to €242k.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €150kEq €177k ▲35.4%
3 profitable years in a row build equity to €177k.
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100kEq €130k ▲73.5%
2 profitable years in a row build equity to €130k.
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
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, Brecht · 2 establishment units since 2020
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.
Kloosterstraat 242960 BrechtGround area
5,878 m²
Building footprint
1,069 m²
Volume, LiDAR
4,571 m³
2 parcels, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
LVS RENT
since 20202.307.614.063
Broeckhovenstraat 3, 2960 Brecht
since 20202.314.865.606
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11333D0204/00E000 | Flanders | 3,882 m² | 1 · 826 m² | 10.1 m · 1 fl. |
| 11043B0083/00B002 | Flanders | 1,996 m² | 1 · 243 m² | 9.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
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 · 975 EUR awarded · 950 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 975 EUR | 950 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 12,023 companies in sector 68203 we hold annual accounts for 5,986. 4,426 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-09-2020
Fiscal year end31-12
Trade name NL
LVS Rent
Activities, NACEBEL
68203Renting and operating of own or leased non-residential real estate, excluding land
77221Rental and leasing activities
01410Raising of dairy cattle
01420Raising of other cattle and buffaloes
01620Support activities for animal production
43990Other specialised construction activities
43999Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.