Equity
€31,164 ▲ 37.7%
LRG paid out €1,666 in dividends. That is 16% of the 2025 profit.
LRG
Lifetime
15 annual accounts with figures on one time axispeak €38,422 (2016)
€16,693▲ 598%
lowest -€50,429 (2014)
€10,206▲ €11,758
peak €31,164 (2025)
€31,164▲ 37.7%
€22,891▲ 41.2%
Board3 names since 2020
-
Owners
Documentsfilings and deeds
08-06-202653 days before the deadline
2025micro format
Gross margin from €2,391 to €16,693Back to profit: €10,206Dividend €1,666Equity from €22,623 to €31,164Debts from €16,215 to €22,891Investments €4,005
Key points
from the 2025 annual accountsInvestments
€4,010 2.0 × depreciation
Green is investment, beige is depreciation.
Filings
15 annual accounts since 2011
Two of the last ten came late. The 2019 accounts came latest: 46 days after the end of the period.
Checked score
89
Excellent
Financially stronger than 64% of micro companies in non-metallic mineral products (NACE 23)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 856 companies (NACE 23, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025highest value
06-2025: 0.1%▼ -0.2 percentage points vs 05-2025lowest value
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.2%▲ +0.1 percentage points vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.2%● unchanged vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 2.04, cash €543, halved
Size: total assets €54,054
lowers risk
Sector: Manufacture of other non-metallic mineral products (NACE 23)
Founded in 2010
Calculation
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 23, micro). It does better than 60% of them on solvency, 21% on liquidity, 88% on profitability and 87% on growth.
The bankruptcy probability was computed on 10-11-2026 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).
Comparable companies, two years later
In July 2024, 34,693 companies had the same profile as LRG has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of LRG itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,448 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 34,693 companies, not a prediction for LRG. 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.
Credit verdict
Credit of up to €2,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.04 (2.06 in 2024), above the usual 1.5. Short-term debt is 42.3% and cash 1% of total assets. 42.3% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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.
Signals
Five signals.
lowers riskraises riskneutral
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 08-06-2026, 53 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
53 days early
2024
8 days early
2023
51 days early
2022
110 days early
2021
33 days early
2020
9 days early
2019
46 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 31 days before the deadline. In the sector (NACE 23), the median for financial year 2024 was 10 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 11 June (4 of the last 5 accounts filed within 42 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Company renamed from LRG Glastechniek to LRG
Change of role: VERWIMP Frank, from manager to director · “De vervaardiging en montage van alle glaswerken en toebehoren; Ontwerpen,produceren en (door)verkopen van…” (deed in Dutch) · General meeting of 06-06-2023 · Gazette deed
Registered office moved to Herselt
New registered office: demer 26 te 2230 Herselt · Resignation: Contains BV (director) · Permanent representative: Dave Groos · General meeting of 31-03-2023 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0827673680
1 director appointed, 1 resignation
Resignation: Maria Groos · Appointment: Contains BV · Permanent representative: Dave Groos · General meeting of 07-06-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| LRG Herselt | €54,054 | €16,693 | 57.7% | - |
| Belgian Glass Styling Leuven | €133,650 | €26,265 | 5.7% | - |
| Glass One Auto Manage | €44,680 | €9,314 | 75.3% | - |
| GEERT GELDHOF Zwevegem | €155,806 | €5,390 | -35.8% | - |
| Georis Construct Landen | €232,886 | €29,858 | 81.9% | - |
| UNIGLAS Mechelen | €361,648 | €113,256 | 52.2% | - |
| ETOILE MECANIQUE Antwerp | €436,444 | €141,999 | 85.8% | - |
These companies have the same main activity as LRG: manufacture of other non-metallic mineral products (NACE 23110). They are comparable in size and age: total assets between €44,700 and €436,000, founded between 1991 and 2015.
Official details
Source: KBO- Status
- Active since 08-07-2010Normal situation
- Activity
- Manufacture of other non-metallic mineral productsNACE 23110and 5 others
- Establishment unit
- 2.189.843.7892230 Herselt, since 08-07-2010
- Financial year end
- 31 December
- Peppol
- Reachable since 20-11-2020
Annual accounts 2025
- ≈ €130,000estimated
- €54,054▲ 39.2%
- Filing
- Filed on 08-06-2026, 53 days before the end of the filing period
Companies linked to LRG
Parent and group
Insights on LRG
LRG files the micro format. That format states no turnover. The gross margin rose from €1,344 in 2011 to €16,693 in 2025.
EGILABO holds 81% of the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about LRG
- What is the company number of LRG?
- The company number of LRG is 0827.673.680. The VAT number is the same number with BE in front: BE 0827.673.680.
- Where is LRG based?
- The registered office is at Demer 26, 2230 Herselt.Company details
- What does LRG do?
- According to the KBO register, the main activity is manufacture of other non-metallic mineral products (NACE 23110).
- What is the legal form of LRG?
- LRG is a private limited company (BV).
- When was LRG founded?
- LRG was founded on 08-07-2010.
- Is LRG still active?
- Yes, LRG is an active enterprise in the KBO register.
- What is the turnover of LRG?
- The turnover in financial year 2025 is ≈ €130,000. This figure is estimated from the gross margin of €16,693 and 6,296 comparable companies of the same size. It probably lies between €58,000 and €300,000. It is a rough estimate.Financials
- Is LRG profitable?
- In financial year 2025, LRG made a profit of €10,206.
- Where can I find the annual accounts of LRG?
- LRG filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of LRG due?
- LRG must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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