LRG
ActiveSummary
LRG has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €31k and a net result of €10k. Equity is growing by ~13.4% per year across the filed fiscal years. Its solvency ranks better than 58% of 348 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
75
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability92▲+66
Solvency83=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 2.04 against 2.06 in 2024; short-term debt: 42.3% and cash: 1% of total assets), and 42.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 23
Relative position
BE, all sectors
reference
Sector 23
lower
← 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
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
57.7%
Return on assets
18.9%
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 08-06-2026, 53 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
53 d early
2024
8 d early
2023
51 d early
2022
110 d early
2021
33 d early
2020
9 d early
2019
46 d late
← before the deadline
after the deadline →
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€31k▲ 37.7%
2024 · €23k
2018: €18k
2019: €24k
2020: €1k
2021: €11k
2022: €19k
2023: €24k
2024: €23k
2018 → 2025
Total assets
€54k▲ 39.2%
2024 · €39k
2018: €125k
2019: €101k
2020: €62k
2021: €73k
2022: €103k
2023: €47k
2024: €39k
2018 → 2025
Net result
€10k
2024 · €-2k
2018: €7k
2019: €5k
2020: €-23k
2021: €10k
2022: €7k
2023: €7k
2024: €-2k
2018 → 2025
Working capital
€24k▲ 37.8%
2024 · €17k
2018: €41k
2019: €32k
2020: €5k
2021: €15k
2022: €23k
2023: €22k
2024: €17k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€11k-€19k▲ 61.9%€24k▲ 30.3%€23k▼ 6.4%€31k▲ 37.7%
Operating result€12k-€11k▼ 8.1%€11k▼ 2.7%€-193€14k
Net result€10k-€7k▼ 31.4%€7k▲ 2.7%€-2k€10k
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 returns to profit in 2025: €14k after a loss of €193 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €54k
Fixed assets
€7k ▲ 37.5%
Current assets
€47k ▲ 39.5%
Equity and liabilities €54k
Equity
€31k ▲ 37.7%
Debt
€23k ▲ 41.2%
Debt's share of the balance-sheet total rises from 41.8% to 42.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€16k▲
2024 · €1k
Cash flow
€12k▲
2024 · €51
Current ratio
2.04▼
2024 · 2.06
Quick ratio
0.78▲
2024 · 0.72
Debt to equity
0.73▲
2024 · 0.72
ROE
32.8%▲
2024 · -6.9%
ROA
18.9%▲
2024 · -4.0%
Interest coverage
12.21▲
2024 · 1.46
Debt ≤ 1 year
€23k▲
2024 · €16k
Income taxes
€2k▲
2024 · €394
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€39k€54k▲
Fixed assets21/28€5k€7k▲
Intangible fixed assets21-€2k
Tangible fixed assets22/27€5k€5k▼
Plant, machinery and equipment23€5k€4k▼
Furniture and vehicles24€5€1k▲
Financial fixed assets28€150€150=
Current assets29/58€33k€47k▲
Stocks and contracts in progress3€22k€29k▲
Stocks30/36€22k€29k▲
Amounts receivable within one year40/41€9k€16k▲
Trade receivables40€9k€16k▲
Other amounts receivable41€449€250▼
Cash at bank and in hand54/58€1k€543▼
Deferred charges and accrued income490/1€1k€918▼
Equity and liabilities
Total equity and liabilities10/49€39k€54k▲
Equity10/15€23k€31k▲
Contributions10/11€19k€19k=
Reserves13€4k€13k▲
Distributable reserves133€4k€13k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€16k€23k▲
Amounts payable within one year42/48€16k€23k▲
Current portion of amounts payable after more than one year42€0-
Trade debts44€5k€13k▲
Suppliers440/4€5k€13k▲
Taxes, remuneration and social security45€11k€4k▼
Taxes450/3€9k€4k▼
Remuneration and social security454/9€3k€0▼
Other amounts payable47/48€666€6k▲
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲
Other operating charges640/8€981€825▼
Gross operating margin9900€2k€17k▲
Operating profit (loss)9901€-193€14k▲
Financial income75/76B€1€1▲
Recurring financial income75€1€1▲
Financial charges65/66B€965€1k▲
Recurring financial charges65€965€1k▲
Profit (loss) for the period before taxes9903€-1k€13k▲
Income taxes67/77€394€2k▲
Profit (loss) for the period9904€-2k€10k▲
Profit (loss) for the period to be appropriated9905€-2k€10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-2k€10k▲
Profit (loss) brought forward from the previous period14P€0-
Transfer from equity791/2€2k€0▼
Transfer to equity691/2€0€9k▲
To other reserves6921€0€9k▲
Profit to be distributed694/7€0€2k▲
Return on contributions (dividend)694€0€2k▲
The notes to these accounts (17 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
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
12-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €-23k ▼517%
Net result drops to €-23k, the lowest in the series; recovery starts the following year.
15-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 46 days late
2019
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
11 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, Herselt · 1 establishment unit since 2010
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.
Demer 262230 HerseltGround area
2,030 m²
Building footprint
259 m²
Volume, LiDAR
1,361 m³
Parcel 13392M1227/00G000, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LRG Glastechniek BVBA
since 20102.189.843.789
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13392M1227/00G000 | Flanders | 2,030 m² | 1 · 259 m² | 9.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Glass One Auto
BE 0644.841.152
Manage · Eq €34k
Studio Artglas
BE 0768.756.474
Hasselt · Eq €28k
GEERT GELDHOF
BE 0874.962.368
Zwevegem · Eq €25k
H CONCEPT
BE 1000.710.101
Sint-Genesius-Rode · Eq €42k
Birgit Verplancke Conservatie & Restauratie van glasramen
BE 0747.650.264
Brugge · Eq €66k
Of 66 companies in sector 23110 we hold annual accounts for 38. 16 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-07-2010
Fiscal year end31-12
Activities, NACEBEL 2025
23110Manufacture of other non-metallic mineral products
23120Manufacture of other non-metallic mineral products
23130Manufacture of other non-metallic mineral products
46834Wholesale trade
64210Activities of holding companies
85592Vocational training
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.