LRVS
ActiveSummary
LRVS has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €4.39M and a net result of €-86k. Equity is growing by ~5.2% per year across the filed fiscal years. Its solvency ranks better than 73% of 271 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability17▲+17
Solvency83▲+3
Growth52▲+20
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €250k at 30 days acceptable
Liquidity ample (current ratio 1.57 against 1.41 in 2023; short-term debt: 41.4% and cash: 5.7% of total assets), and 41.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 38
Relative position
BE, all sectors
reference
Waste collection, recovery and disposal activities (NACE 38)
about 10% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
58.1%
Return on assets
-1.1%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-07-2025, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
30 d early
2023
62 d early
2022
76 d early
2021
54 d early
2020
67 d early
2019
56 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-86k▲ 37.4%
2023 · €-137k
2018: €85khighest in 7 years
2019: €36k▼ -57.3% vs 2018
2020: €19k▼ -47.4% vs 2019
2021: €26k▲ +34.8% vs 2020
2022: €-1k▼ -104% vs 2021
2023: €-137k▼ -13525% vs 2022lowest in 7 years
2024: €-86k▲ +37.4% vs 2023
2018 → 2024
Working capital
€1.78M▲ 2,135%
2023 · €80k
2018: €358k
2019: €363k▲ +1.5% vs 2018
2020: €382k▲ +5.3% vs 2019
2021: €401k▲ +5.0% vs 2020
2022: €273k▼ -31.9% vs 2021
2023: €80k▼ -70.8% vs 2022lowest in 7 years
2024: €1.78M▲ +2135% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€383k-€406k▲ 5.9%€416k▲ 2.3%€278k▼ 33.1%€4.39M▲ 1,480%
2020: €383k
2021: €406k▲ +5.9% vs 2020
2022: €416k▲ +2.3% vs 2021
2023: €278k▼ -33.1% vs 2022lowest in 5 years
2024: €4.39M▲ +1480% vs 2023highest in 5 years
Operating result€17k-€27k▲ 62.6%€901▼ 96.6%€-136k€-83k▲ 39.2%
2020: €17k
2021: €27k▲ +62.6% vs 2020highest in 5 years
2022: €901▼ -96.6% vs 2021
2023: €-136k▼ -15171% vs 2022lowest in 5 years
2024: €-83k▲ +39.2% vs 2023
Net result€19k-€26k▲ 34.8%€-1k€-137k▼ 13,525%€-86k▲ 37.4%
2020: €19k
2021: €26k▲ +34.8% vs 2020highest in 5 years
2022: €-1k▼ -104% vs 2021
2023: €-137k▼ -13525% vs 2022lowest in 5 years
2024: €-86k▲ +37.4% vs 2023
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €83k in 2024 against €136k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €7.57M
Fixed assets
€2.65M ▲ 1,041%
Current assets
€4.91M ▲ 1,696%
Equity and liabilities €7.57M
Equity
€4.39M ▲ 1,480%
Debt
€3.17M ▲ 1,292%
Debt's share of the balance-sheet total falls from 45.1% to 41.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€-80k▲
2023 · €-132k
Cash flow
€-83k▲
2023 · €-134k
Current ratio
1.57▲
2023 · 1.41
Debt to equity
0.72▼
2023 · 0.82
ROE
-2.0%▲
2023 · -49.4%
ROA
-1.1%▲
2023 · -27.1%
Interest coverage
-27.40▲
2023 · -66.87
Debt ≤ 1 year
€3.13M▲
2023 · €194k
Income taxes
€525▼
2023 · €525
Staff costs
€505k▲
2023 · €504k
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 · 2024 against 2023 · 48 lines
Balance sheet
Code20232024
Assets
Total assets20/58€506k€7.57M▲
Fixed assets21/28€233k€2.65M▲
Intangible fixed assets21€2k€1k▼
Tangible fixed assets22/27€230k€2.65M▲
Plant, machinery and equipment23€790€228▼
Furniture and vehicles24€393€0▼
Other tangible fixed assets26€3k€2k▼
Assets under construction and advance payments27€226k€2.65M▲
Financial fixed assets28€505€530▲
Current assets29/58€274k€4.91M▲
Amounts receivable within one year40/41€152k€4.48M▲
Trade receivables40€122k€53k▼
Other amounts receivable41€30k€4.42M▲
Cash at bank and in hand54/58€115k€435k▲
Deferred charges and accrued income490/1€6k€3k▼
Equity and liabilities
Total equity and liabilities10/49€506k€7.57M▲
Equity10/15€278k€4.39M▲
Contributions10/11€19k€19k=
Reserves13€281k€281k=
Tax-exempt reserves132€279k€279k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€-32k€-118k▼
Investment grants15€11k€4.21M▲
Amounts payable17/49€228k€3.17M▲
Amounts payable within one year42/48€194k€3.13M▲
Trade debts44€115k€194k▲
Suppliers440/4€115k€194k▲
Taxes, remuneration and social security45€79k€73k▼
Taxes450/3€11k€13k▲
Remuneration and social security454/9€68k€60k▼
Other amounts payable47/48€0€2.86M▲
Accrued charges and deferred income492/3€34k€44k▲
Income statement
Code20232024
Remuneration, social security and pensions62€504k€505k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€3k▼
Other operating charges640/8€2k€1k▼
Gross operating margin9900€374k€426k▲
Operating profit (loss)9901€-136k€-83k▲
Financial income75/76B€974€19▼
Recurring financial income75€974€19▼
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€-137k€-85k▲
Income taxes67/77€525€525▼
Profit (loss) for the period9904€-137k€-86k▲
Profit (loss) for the period to be appropriated9905€-137k€-86k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-32k€-118k▼
Profit (loss) brought forward from the previous period14P€105k€-32k▼
Social balance
Average headcount (FTE)90879.410.7▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | - | €428k | - | - | - |
| Remuneration, social security and pensions62 | - | €331k | €442k | €504k | €505k | ▲ 0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €6k | €4k | €4k | €3k | ▼ 26.1% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €-8k | - | - | - | - |
| Other operating charges640/8 | - | €2k | €3k | €2k | €1k | ▼ 34.2% |
| Gross operating margin9900 | €345k | €358k | €451k | €374k | €426k | ▲ 14.0% |
| Operating profit (loss)9901 | €17k | €27k | €901 | €-136k | €-83k | ▲ 39.2% |
| Financial income75/76B | - | €3k | €1 | €974 | €19 | ▼ 98.0% |
| Recurring financial income75 | €4k | €3k | €1 | €974 | €19 | ▼ 98.0% |
| Financial charges65/66B | - | €2k | €2k | €2k | €3k | ▲ 47.5% |
| Recurring financial charges65 | €2k | €2k | €2k | €2k | €3k | ▲ 47.5% |
| Profit (loss) for the period before taxes9903 | €19k | €28k | €-1k | €-137k | €-85k | ▲ 37.5% |
| Income taxes67/77 | €-323 | €3k | €-1 | €525 | €525 | ▼ 0.1% |
| Profit (loss) for the period9904 | €19k | €26k | €-1k | €-137k | €-86k | ▲ 37.4% |
| Profit (loss) for the period to be appropriated9905 | €19k | €26k | €-1k | €-137k | €-86k | ▲ 37.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €520k | €571k | €772k | €506k | €7.57M | ▲ 1,395% |
| Fixed assets21/28 | €9k | €5k | €152k | €233k | €2.65M | ▲ 1,041% |
| Intangible fixed assets21 | - | - | €3k | €2k | €1k | ▼ 32.4% |
| Tangible fixed assets22/27 | €9k | €4k | €149k | €230k | €2.65M | ▲ 1,052% |
| Plant, machinery and equipment23 | - | €2k | €2k | €790 | €228 | ▼ 71.1% |
| Furniture and vehicles24 | - | €2k | €1k | €393 | €0 | ▼ 100% |
| Other tangible fixed assets26 | - | - | €4k | €3k | €2k | ▼ 37.6% |
| Assets under construction and advance payments27 | - | - | €142k | €226k | €2.65M | ▲ 1,071% |
| Financial fixed assets28 | €405 | €405 | €405 | €505 | €530 | ▲ 4.9% |
| Current assets29/58 | €511k | €566k | €620k | €274k | €4.91M | ▲ 1,696% |
| Amounts receivable within one year40/41 | €115k | €167k | €282k | €152k | €4.48M | ▲ 2,838% |
| Trade receivables40 | - | €108k | €97k | €122k | €53k | ▼ 56.4% |
| Other amounts receivable41 | - | €59k | €185k | €30k | €4.42M | ▲ 14,631% |
| Cash at bank and in hand54/58 | €388k | €388k | €330k | €115k | €435k | ▲ 279% |
| Deferred charges and accrued income490/1 | - | €10k | €7k | €6k | €3k | ▼ 61.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €520k | €571k | €772k | €506k | €7.57M | ▲ 1,395% |
| Equity10/15 | €383k | €406k | €416k | €278k | €4.39M | ▲ 1,480% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €281k | €281k | €281k | €281k | €281k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Tax-exempt reserves132 | - | €279k | €279k | €279k | €279k | = |
| Distributable reserves133 | - | - | - | €2k | €2k | = |
| Profit (loss) carried forward14 | €80k | €106k | €105k | €-32k | €-118k | ▼ 268% |
| Investment grants15 | - | - | €11k | €11k | €4.21M | ▲ 40,012% |
| Provisions and deferred taxes16 | €8k | - | - | - | - | - |
| Amounts payable17/49 | €129k | €165k | €356k | €228k | €3.17M | ▲ 1,292% |
| Amounts payable within one year42/48 | €129k | €165k | €347k | €194k | €3.13M | ▲ 1,515% |
| Trade debts44 | €101k | €86k | €259k | €115k | €194k | ▲ 68.9% |
| Suppliers440/4 | - | €86k | €259k | €115k | €194k | ▲ 68.9% |
| Taxes, remuneration and social security45 | - | €69k | €88k | €79k | €73k | ▼ 8.2% |
| Taxes450/3 | - | €10k | €13k | €11k | €13k | ▲ 10.4% |
| Remuneration and social security454/9 | - | €59k | €75k | €68k | €60k | ▼ 11.4% |
| Other amounts payable47/48 | - | €10k | - | €0 | €2.86M | - |
| Accrued charges and deferred income492/3 | - | - | €10k | €34k | €44k | ▲ 27.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19k | €26k | €-1k | €-137k | €-86k | ▲ 37.4% |
| + Depreciation and write-downs630 | €7k | €6k | €4k | €4k | €3k | ▼ 26.1% |
| Operating cash flow (approximation) | €26k | €32k | €3k | €-134k | €-83k | ▲ 37.7% |
| Investment in fixed assets (approximation) | - | €-2k | €-152k | €-84k | €-2.42M | ▼ 2,788% |
| Change in cash | - | €303 | €-58k | €-216k | €320k | ▲ 249% |
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
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Equity above €2MEq €4.39M ▲1,480%
Equity rises from €278k to €4.39M.
30-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €-137k
Net result drops to €-137k, the lowest in the series; recovery starts the following year.
16-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
07-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
05-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
06-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
07-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
30-05
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
8 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, Charleroi · 2 establishment units since 2013
Ground area
4.7 ha
Building footprint
6,248 m²
Volume, LiDAR
597 m³
2 parcels, Wallonia · tallest building 5.5 m, ±1 floor. Linked by address, not a title deed.
8
companies at this address
See who is registered here
2 establishment units
LRVS
since 20132.216.240.756
La Ressourcerie du Val de Sambre
since 20222.334.593.129
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52048C0006/00P002 | Wallonia | 3.0 ha | 1 · 6,113 m² | - |
| 52049B0825/00R000 | Wallonia | 1.7 ha | 1 · 135 m² | 5.5 m · 1 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.
Similar companies · same sector, comparable size
Verenigde Kompostbedrijven
BE 0218.426.974
Dendermonde · Eq €4,455,729
GRL Logistics
BE 0421.925.353
Beringen · Eq €4,614,537
BELGIAN RECYCLE NETWORK
BE 0861.508.072
Aalst · Eq €4,155,459
LAVAERT
BE 0421.976.823
Menen · Eq €4,155,136
IGEAN-milieu en veiligheid
BE 0863.137.573
Wommelgem · Eq €4,075,700
Of 395 companies in sector 38110 we hold annual accounts for 203. 104 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formCooperative company
Founded02-11-2012
Fiscal year end31-12
Activities, NACEBEL 2025
38110Waste collection, recovery and disposal activities
38210Materials recovery from waste
Scores and ratios are computed by Checked and are not a credit decision.