LOVAHDNET
ActiveSummary
LOVAHDNET has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €778,672 and a net result of -€532,034. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 55% of 3321 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-14
Solvency75▼-10
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity ample (current ratio 4.09 against 4.64 in 2024; short-term debt: 24.4% and cash: 2.6% of total assets), and 49.8% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€532,034
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
13 d late
2024
4 d late
2023
22 d late
2022
70 d late
2021
18 d late
2020
19 d late
2019
74 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 31 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€778,672▼ 40.6%
2024 · €1.3m
Total assets
€1.6m▼ 28.5%
2024 · €2.2m
Net result
-€532,034▼ 582%
2024 · -€77,984
Working capital
€1.2m▼ 30.8%
2024 · €1.7m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€2,158-€130,979▼ 5,971%€275,952-€77,209-€531,880▼ 589%
Net result-€4,425below the sector's middle half▼ 96.8%-€144,603below the sector's middle half▼ 3,168%€242,883within the sector's middle half-€77,984below the sector's middle half-€532,034below the sector's middle half▼ 582%
Equity€1.3mabove the sector's middle half▼ 0.5%€1.1mabove the sector's middle half▼ 11.2%€1.4mabove the sector's middle half▲ 21.2%€1.3mabove the sector's middle half▼ 5.6%€778,672within the sector's middle half▼ 40.6%
Total assets€2.1mwithin the sector's middle half▼ 3.6%€1.7mwithin the sector's middle half▼ 18.4%€2.1mwithin the sector's middle half▲ 23.9%€2.2mabove the sector's middle half▲ 1.3%€1.6mwithin the sector's middle half▼ 28.5%
Debt€826,882▼ 8.3%€582,283▼ 29.6%€751,572▲ 29.1%€857,960▲ 14.2%€772,743▼ 9.9%
Working capital€1.7m▲ 9.6%€1.3m▼ 19.6%€1.8m▲ 32.0%€1.7m▼ 3.8%€1.2m▼ 30.8%
Solvency60.9%within the sector's middle half▲ 1.9pp66.3%within the sector's middle half▲ 5.4pp64.9%within the sector's middle half▼ 1.4pp60.4%within the sector's middle half▼ 4.4pp50.2%within the sector's middle half▼ 10.2pp
Staff (FTE)5.9within the sector's middle half▼ 10.6%4.1within the sector's middle half▼ 30.5%0.5below the sector's middle half▼ 87.8%
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2025 Net result -582% on 2024. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €531,880 in 2025 against €77,209 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets
€1,275 ▼ 90.3%
Current assets
€1.6m ▼ 28.1%
Equity and liabilities €1.6m
Equity
€778,672 ▼ 40.6%
Debt
€772,743 ▼ 9.9%
Debt's share of the balance-sheet total rises from 39.6% to 49.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€518,591▼
2024 · -€56,124
Cash flow
-€518,745▼
2024 · -€56,899
Current ratio
4.09▼
2024 · 4.64
Debt to equity
0.99▲
2024 · 0.65
ROE
-68.3%▼
2024 · -5.9%
ROA
-34.3%▼
2024 · -3.6%
Interest coverage
-2564.11▼
2024 · -72.38
Debt ≤ 1 year
€378,844▼
2024 · €464,061
Debt > 1 year
€393,899=
2024 · €393,899
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 371 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 92% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
0.8%
went bankrupt
6.7%
stopped otherwise
92%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 371 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €332,064 | €192,534 | €577 | €182 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €39,250 | €36,765 | €7,564 | €21,085 | €13,289 | ▼ 37.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€1,018 | -€6,422 | -€102,596 | - | - | - |
| Other operating charges640/8 | €5,088 | €5,516 | €5,664 | €5,897 | €458,903 | ▲ 7,681% |
| Non-recurring operating charges66A | €46 | - | - | - | - | - |
| Gross operating margin9900 | €373,273 | €97,414 | €187,160 | -€50,044 | -€59,689 | ▼ 19.3% |
| Operating profit (loss)9901 | -€2,158 | -€130,979 | €275,952 | -€77,209 | -€531,880 | ▼ 589% |
| Financial income75/76B | €75 | €903 | - | - | €49 | - |
| Recurring financial income75 | €75 | €903 | - | - | €49 | - |
| Financial charges65/66B | €773 | €14,528 | €169 | €775 | €202 | ▼ 73.9% |
| Recurring financial charges65 | €773 | €4,141 | €169 | €775 | €202 | ▼ 73.9% |
| Non-recurring financial charges66B | - | €10,387 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€2,856 | -€144,603 | €275,783 | -€77,984 | -€532,034 | ▼ 582% |
| Income taxes67/77 | €1,569 | - | €32,900 | - | - | - |
| Profit (loss) for the period9904 | -€4,425 | -€144,603 | €242,883 | -€77,984 | -€532,034 | ▼ 582% |
| Profit (loss) for the period to be appropriated9905 | -€4,425 | -€144,603 | €242,883 | -€77,984 | -€532,034 | ▼ 582% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.1m | €1.7m | €2.1m | €2.2m | €1.6m | ▼ 28.5% |
| Fixed assets21/28 | €77,120 | €31,651 | €24,088 | €13,195 | €1,275 | ▼ 90.3% |
| Tangible fixed assets22/27 | €66,733 | €31,651 | €24,088 | €13,195 | €1,275 | ▼ 90.3% |
| Land and buildings22 | €42,380 | €13,108 | €12,940 | €6,999 | - | - |
| Plant, machinery and equipment23 | €19,802 | €15,828 | €10,271 | €5,682 | - | - |
| Furniture and vehicles24 | €4,551 | €2,716 | €876 | €514 | €1,275 | ▲ 148% |
| Financial fixed assets28 | €10,387 | - | - | - | - | - |
| Current assets29/58 | €2.0m | €1.7m | €2.1m | €2.2m | €1.6m | ▼ 28.1% |
| Amounts receivable within one year40/41 | €1.7m | €1.7m | €2.1m | €2.1m | €1.5m | ▼ 28.3% |
| Trade receivables40 | €1.5m | €1.6m | €2.1m | €2.1m | €1.5m | ▼ 28.2% |
| Other amounts receivable41 | €161,154 | €30,577 | - | €5,797 | €713 | ▼ 87.7% |
| Cash at bank and in hand54/58 | €334,961 | €29,060 | €19,563 | €48,476 | €39,768 | ▼ 18.0% |
| Deferred charges and accrued income490/1 | €43,393 | - | €4,381 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.1m | €1.7m | €2.1m | €2.2m | €1.6m | ▼ 28.5% |
| Equity10/15 | €1.3m | €1.1m | €1.4m | €1.3m | €778,672 | ▼ 40.6% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Issued capital100 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €1.3m | €1.1m | €1.4m | €1.3m | €758,212 | ▼ 41.2% |
| Amounts payable17/49 | €826,882 | €582,283 | €751,572 | €857,960 | €772,743 | ▼ 9.9% |
| Amounts payable after more than one year17 | €218,388 | €218,253 | €393,899 | €393,899 | €393,899 | = |
| Financial debts170/4 | €218,388 | €218,253 | €393,899 | €393,899 | €393,899 | = |
| Amounts payable within one year42/48 | €383,770 | €364,031 | €357,673 | €464,061 | €378,844 | ▼ 18.4% |
| Financial debts43 | - | - | - | €45 | - | - |
| Credit institutions430/8 | - | - | - | €45 | - | - |
| Trade debts44 | €301,315 | €199,365 | €176,017 | €184,128 | €182,781 | ▼ 0.7% |
| Suppliers440/4 | €301,315 | €199,365 | €176,017 | €184,128 | €182,781 | ▼ 0.7% |
| Taxes, remuneration and social security45 | €82,455 | €19,665 | €48,887 | €65,988 | €26,400 | ▼ 60.0% |
| Taxes450/3 | €37,484 | €9,638 | €48,887 | €50,235 | €7,928 | ▼ 84.2% |
| Remuneration and social security454/9 | €44,971 | €10,027 | - | €15,753 | €18,472 | ▲ 17.3% |
| Other amounts payable47/48 | - | €145,000 | €132,769 | €213,901 | €169,664 | ▼ 20.7% |
| Accrued charges and deferred income492/3 | €224,723 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,425 | -€144,603 | €242,883 | -€77,984 | -€532,034 | ▼ 582% |
| + Depreciation and write-downs630 | €39,250 | €36,765 | €7,564 | €21,085 | €13,289 | ▼ 37.0% |
| Operating cash flow (approximation) | €34,825 | -€107,838 | €250,446 | -€56,899 | -€518,745 | ▼ 812% |
| Investment in fixed assets (approximation) | - | €8,703 | €0 | -€10,192 | -€1,369 | ▲ 86.6% |
| Change in cash | - | -€305,901 | -€9,498 | €28,913 | -€8,708 | ▼ 130% |
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
Next filing, fiscal year 2026, expected by
2026
13-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 13 days late
2025
31-12
Financial
Weakest financial yearnet -€532,034
Net result drops to -€532,034, the lowest in the series.
04-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
2024
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 22 days late
2023
31-12
Financial
Back to profitnet €242,883
Net result €242,883 after 3 loss-making years.
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 70 days late
2022
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 18 days late
2021
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 19 days late
2020
13-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 74 days late
2019
31-12
Financial
Liquidity triplescurrent ratio 3.22
Current ratio from 1.17 to 3.22; short-term debt falls from €2.0m to €583,787.
07-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 7 days late
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Leuven · 1 establishment unit since 2010
Ground area
1,729 m²
Building footprint
213 m²
Volume, LiDAR
961 m³
Parcel 24040A0056/00E009, Flanders · tallest building 10.3 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
LOVADHNET
since 20102.195.870.162
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24040A0056/00E009 | Flanders | 1,729 m² | 1 · 213 m² | 10.3 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 ownerOwners 1
-
25%
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
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 4,650 EUR awarded · 4,650 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 4,650 EUR | 4,650 EUR |
Recognitions · licences · registrations
Dual-learning approval
1 endedAdministratief medewerker (so)
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Of 1,019 companies in sector 69103 we hold annual accounts for 611. 385 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formCoöperatieve vennootschap met beperkte aansprakelijkheid
Founded11-08-2010
Fiscal year end31-12
Activities, NACEBEL 2025
69103Activities of bailiffs
E-invoicing
Reachable via Peppol
Peppol ID
0208:0828412563
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.