LRG MANAGEMENT
ActiveSummary
LRG MANAGEMENT has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €187k and a net result of €28k. Equity is growing by ~9.8% per year across the filed fiscal years. Its solvency ranks better than 81% of 12738 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84▲+7
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 5.07 against 5.45 in 2024; short-term debt: 17.3% and cash: 25.9% of total assets), and 17.3% of the assets are financed with debt.
Credit check for your own amount and term
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 · 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
82.7%
Return on assets
12.2%
Age of the figures
9 mo
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
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 26-07-2026, 5 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
5 d early
2024
1 d early
2023
on the day
2022
4 d early
2021
31 d late
2020
30 d late
2019
26 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€187k▲ 1.6%
2024 · €184k
2018: €78klowest in 8 years
2019: €92k▲ +17.8% vs 2018
2020: €115k▲ +26.1% vs 2019
2021: €163k▲ +41.1% vs 2020
2022: €174k▲ +6.6% vs 2021
2023: €185k▲ +6.5% vs 2022
2024: €184k▼ -0.5% vs 2023
2025: €187k▲ +1.6% vs 2024highest in 8 years
2018 → 2025
Total assets
€226k▲ 3.6%
2024 · €218k
2018: €101klowest in 8 years
2019: €108k▲ +7.2% vs 2018
2020: €123k▲ +14.3% vs 2019
2021: €174k▲ +41.2% vs 2020
2022: €237k▲ +36.2% vs 2021highest in 8 years
2023: €222k▼ -6.6% vs 2022
2024: €218k▼ -1.5% vs 2023
2025: €226k▲ +3.6% vs 2024
2018 → 2025
Net result
€28k▲ 102%
2024 · €14k
2018: €6klowest in 8 years
2019: €14k▲ +144% vs 2018
2020: €24k▲ +72.6% vs 2019
2021: €47k▲ +98.9% vs 2020highest in 8 years
2022: €18k▼ -61.4% vs 2021
2023: €17k▼ -7.2% vs 2022
2024: €14k▼ -19.3% vs 2023
2025: €28k▲ +102% vs 2024
2018 → 2025
Working capital
€159k▲ 11.5%
2024 · €143k
2018: €58klowest in 8 years
2019: €75k▲ +27.6% vs 2018
2020: €109k▲ +45.5% vs 2019
2021: €157k▲ +44.4% vs 2020
2022: €133k▼ -14.8% vs 2021
2023: €141k▲ +5.5% vs 2022
2024: €143k▲ +1.4% vs 2023
2025: €159k▲ +11.5% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€163k-€174k▲ 6.6%€185k▲ 6.5%€184k▼ 0.5%€187k▲ 1.6%
2021: €163klowest in 5 years
2022: €174k▲ +6.6% vs 2021
2023: €185k▲ +6.5% vs 2022
2024: €184k▼ -0.5% vs 2023
2025: €187k▲ +1.6% vs 2024highest in 5 years
Operating result€64k-€27k▼ 57.7%€24k▼ 11.0%€11k▼ 54.0%€32k▲ 188%
2021: €64khighest in 5 years
2022: €27k▼ -57.7% vs 2021
2023: €24k▼ -11.0% vs 2022
2024: €11k▼ -54.0% vs 2023lowest in 5 years
2025: €32k▲ +188% vs 2024
Net result€47k-€18k▼ 61.4%€17k▼ 7.2%€14k▼ 19.3%€28k▲ 102%
2021: €47khighest in 5 years
2022: €18k▼ -61.4% vs 2021
2023: €17k▼ -7.2% vs 2022
2024: €14k▼ -19.3% vs 2023lowest in 5 years
2025: €28k▲ +102% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 188% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €226k
Fixed assets
€28k ▼ 35.9%
Current assets
€198k ▲ 13.4%
Equity and liabilities €226k
Equity
€187k ▲ 1.6%
Debt
€39k ▲ 14.1%
Debt's share of the balance-sheet total rises from 15.7% to 17.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€48k▲
2024 · €27k
Cash flow
€43k▲
2024 · €29k
Current ratio
5.07▼
2024 · 5.45
Debt to equity
0.21▲
2024 · 0.19
ROE
14.8%▲
2024 · 7.5%
ROA
12.2%▲
2024 · 6.3%
Interest coverage
58.62▲
2024 · 54.95
Debt ≤ 1 year
€39k▲
2024 · €32k
Income taxes
€10k▲
2024 · €5k
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 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€218k€226k▲
Fixed assets21/28€43k€28k▼
Tangible fixed assets22/27€38k€23k▼
Plant, machinery and equipment23€6k€5k▼
Furniture and vehicles24€32k€17k▼
Financial fixed assets28€5k€5k=
Current assets29/58€175k€198k▲
Amounts receivable within one year40/41€14k€17k▲
Trade receivables40€12k€16k▲
Other amounts receivable41€1k€350▼
Current investments50/53-€123k
Cash at bank and in hand54/58€161k€59k▼
Deferred charges and accrued income490/1€463-
Equity and liabilities
Total equity and liabilities10/49€218k€226k▲
Equity10/15€184k€187k▲
Contributions10/11€12k€12k=
Reserves13€123k€127k▲
Distributable reserves133€123k€127k▲
Profit (loss) carried forward14€49k€48k▼
Amounts payable17/49€34k€39k▲
Amounts payable after more than one year17€2k-
Financial debts170/4€2k-
Amounts payable within one year42/48€32k€39k▲
Current portion of amounts payable after more than one year42€13k€2k▼
Trade debts44€791€20▼
Suppliers440/4€791€20▼
Taxes, remuneration and social security45€1k€4k▲
Taxes450/3€1k€4k▲
Other amounts payable47/48€17k€33k▲
Accrued charges and deferred income492/3€38-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€16k=
Other operating charges640/8€899€1k▲
Gross operating margin9900€28k€49k▲
Operating profit (loss)9901€11k€32k▲
Financial income75/76B€8k€6k▼
Recurring financial income75€8k€6k▼
Financial charges65/66B€486€813▲
Recurring financial charges65€486€813▲
Profit (loss) for the period before taxes9903€19k€38k▲
Income taxes67/77€5k€10k▲
Profit (loss) for the period9904€14k€28k▲
Profit (loss) for the period to be appropriated9905€14k€28k▲
Appropriation of the result
Profit (loss) to be appropriated9906€63k€76k▲
Profit (loss) brought forward from the previous period14P€50k€49k▼
Transfer from equity791/2€14k€24k▲
Transfer to equity691/2€14k€28k▲
To other reserves6921€14k€28k▲
Profit to be distributed694/7€15k€25k▲
Return on contributions (dividend)694€15k€25k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €667 | €13k | €16k | €16k | €16k | = |
| Other operating charges640/8 | €844 | €6k | €870 | €899 | €1k | ▲ 35.2% |
| Gross operating margin9900 | €66k | €46k | €41k | €28k | €49k | ▲ 77.0% |
| Operating profit (loss)9901 | €64k | €27k | €24k | €11k | €32k | ▲ 188% |
| Financial income75/76B | €0 | - | €40 | €8k | €6k | ▼ 24.7% |
| Recurring financial income75 | €0 | - | €40 | €8k | €6k | ▼ 24.7% |
| Financial charges65/66B | €223 | €787 | €616 | €486 | €813 | ▲ 67.2% |
| Recurring financial charges65 | €223 | €787 | €616 | €486 | €813 | ▲ 67.2% |
| Profit (loss) for the period before taxes9903 | €64k | €26k | €24k | €19k | €38k | ▲ 97.2% |
| Income taxes67/77 | €17k | €8k | €7k | €5k | €10k | ▲ 85.5% |
| Profit (loss) for the period9904 | €47k | €18k | €17k | €14k | €28k | ▲ 102% |
| Profit (loss) for the period to be appropriated9905 | €47k | €18k | €17k | €14k | €28k | ▲ 102% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €174k | €237k | €222k | €218k | €226k | ▲ 3.6% |
| Fixed assets21/28 | €6k | €67k | €59k | €43k | €28k | ▼ 35.9% |
| Tangible fixed assets22/27 | €1k | €62k | €54k | €38k | €23k | ▼ 40.8% |
| Plant, machinery and equipment23 | - | - | €7k | €6k | €5k | ▼ 11.9% |
| Furniture and vehicles24 | €1k | €62k | €47k | €32k | €17k | ▼ 46.2% |
| Financial fixed assets28 | €5k | €5k | €5k | €5k | €5k | = |
| Current assets29/58 | €168k | €170k | €163k | €175k | €198k | ▲ 13.4% |
| Amounts receivable within one year40/41 | €25k | €22k | €21k | €14k | €17k | ▲ 22.2% |
| Trade receivables40 | €21k | €17k | €21k | €12k | €16k | ▲ 32.8% |
| Other amounts receivable41 | €4k | €5k | €1 | €1k | €350 | ▼ 74.0% |
| Current investments50/53 | - | - | €100k | - | €123k | - |
| Cash at bank and in hand54/58 | €143k | €148k | €41k | €161k | €59k | ▼ 63.6% |
| Deferred charges and accrued income490/1 | - | - | - | €463 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €174k | €237k | €222k | €218k | €226k | ▲ 3.6% |
| Equity10/15 | €163k | €174k | €185k | €184k | €187k | ▲ 1.6% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Reserves13 | €101k | €112k | €123k | €123k | €127k | ▲ 3.1% |
| Non-distributable reserves130/1 | €3k | €3k | - | - | - | - |
| Reserves not available under the articles1311 | €3k | €3k | - | - | - | - |
| Distributable reserves133 | €98k | €109k | €123k | €123k | €127k | ▲ 3.1% |
| Profit (loss) carried forward14 | €50k | €50k | €50k | €49k | €48k | ▼ 1.7% |
| Amounts payable17/49 | €11k | €64k | €37k | €34k | €39k | ▲ 14.1% |
| Amounts payable after more than one year17 | - | €27k | €15k | €2k | - | - |
| Financial debts170/4 | - | €27k | €15k | €2k | - | - |
| Amounts payable within one year42/48 | €11k | €36k | €22k | €32k | €39k | ▲ 21.8% |
| Current portion of amounts payable after more than one year42 | - | €12k | €13k | €13k | €2k | ▼ 83.2% |
| Trade debts44 | €19 | €681 | €132 | €791 | €20 | ▼ 97.5% |
| Suppliers440/4 | €19 | €681 | €132 | €791 | €20 | ▼ 97.5% |
| Taxes, remuneration and social security45 | €7k | €13k | €2k | €1k | €4k | ▲ 188% |
| Taxes450/3 | €7k | €13k | €2k | €1k | €4k | ▲ 188% |
| Other amounts payable47/48 | €4k | €10k | €7k | €17k | €33k | ▲ 91.0% |
| Accrued charges and deferred income492/3 | - | - | - | €38 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €47k | €18k | €17k | €14k | €28k | ▲ 102% |
| + Depreciation and write-downs630 | €667 | €13k | €16k | €16k | €16k | = |
| Operating cash flow (approximation) | €48k | €31k | €33k | €29k | €43k | ▲ 47.7% |
| Investment in fixed assets (approximation) | - | €-74k | €-7k | €0 | €0 | - |
| Change in cash | - | €5k | €-107k | €120k | €-102k | ▼ 186% |
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
26-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Highest result since 2018net €47k ▲98.9%
Operating result €64k, net result €47k, both a record.
31-12
Financial
Equity above €150kEq €163k ▲41.1%
4 profitable years in a row build equity to €163k.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Liquidity triplescurrent ratio 14.78
Current ratio from 5.58 to 14.78; short-term debt falls from €16k to €8k.
31-12
Financial
Equity above €100kEq €115k ▲26.1%
3 profitable years in a row build equity to €115k.
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 24 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Dour · 1 establishment unit since 2009
Ground area
2,577 m²
Building footprint
369 m²
Volume, LiDAR
2,073 m³
2 parcels, Wallonia · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LRG Management
since 20092.179.472.214
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53024A0551/00F000 | Wallonia | 1,703 m² | 1 · 194 m² | 8.6 m · 2 fl. |
| 53020B0834/00W000 | Wallonia | 874 m² | 1 · 175 m² | 7.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 12,173 companies in sector 69201 we hold annual accounts for 7,638. 6,422 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded20-05-2009
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
Scores and ratios are computed by Checked and are not a credit decision.