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LS MANAGEMENT

Active
Private limited companyfounded 20215 yrs activeVossenshofweg 13, 9310 Aalst, BelgiumKBO/BCE: BE 0769.573.650
Summary

LS MANAGEMENT has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €424,635 and a net result of €137,277. Equity is growing by ~46.9% per year across the filed fiscal years. Its solvency ranks better than 55% of 37969 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).

Checked score

Score 2024
Axes · tick = 2023
Profitability94▲+3
Solvency88▲+24
Growth52=
Track record94
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 3.16 against 3.11 in 2023; short-term debt: 16.8% and cash: 34.9% of total assets), and 36.8% of the assets are financed with debt.
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Signals

Three 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 5 years 0 10 y
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 15-07-2025, 16 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
not confirmed
2024
16 d early
2023
40 d early
2022
7 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 21 days before 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 (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 10 June 2021, LS MANAGEMENT was incorporated as a Private limited company.1 Total assets went from EUR 540,741 in 2022 to EUR 671,412 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€424,635▲ 47.8%
2023 · €287,358
Total assets
€671,412▼ 9.4%
2023 · €741,418
Net result
€137,277▲ 3.7%
2023 · €132,417
Working capital
€243,874▼ 3.7%
2023 · €253,168
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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
Line202220232024
Operating result€217,394-€197,431▼ 9.2%€199,404▲ 1.0%
Net result€151,941above the sector's middle half-€132,417above the sector's middle half▼ 12.8%€137,277above the sector's middle half▲ 3.7%
Equity€154,941within the sector's middle half-€287,358above the sector's middle half▲ 85.5%€424,635above the sector's middle half▲ 47.8%
Total assets€540,741above the sector's middle half-€741,418above the sector's middle half▲ 37.1%€671,412above the sector's middle half▼ 9.4%
Debt€385,800-€454,061▲ 17.7%€246,777▼ 45.7%
Working capital€53,831within the sector's middle half-€253,168above the sector's middle half▲ 370%€243,874above the sector's middle half▼ 3.7%
Solvency28.7%within the sector's middle half-38.8%within the sector's middle half▲ 10.1pp63.2%within the sector's middle half▲ 24.5pp
Current ratio1.83within the sector's middle half-3.11within the sector's middle half▲ 1.283.16within the sector's middle half▲ 0.05
Return on assets (ROA)28.1%above the sector's middle half-17.9%within the sector's middle half▼ 10.2pp20.4%within the sector's middle half▲ 2.6pp
above within below the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€100,000€200,000Operating result 2022: €217,394€217,394Net result 2022: €151,941€151,941Operating result 2023: €197,431€197,431Net result 2023: €132,417€132,417Operating result 2024: €199,404€199,404Net result 2024: €137,277€137,277202220232024€0€100,000€200,000Operating result 2022: €217,394€217,000Net result 2022: €151,941€152,000Operating result 2023: €197,431€197,000Net result 2023: €132,417€132,000Operating result 2024: €199,404€199,000Net result 2024: €137,277€137,000202220232024
The operating result recovers in 2024; 2024 is 1% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €671,412
Fixed assets €314,613 ▼ 14.6%
Current assets €356,798 ▼ 4.3%
Equity and liabilities €671,412
Equity €424,635 ▲ 47.8%
Debt €246,777 ▼ 45.7%
Debt's share of the balance-sheet total falls from 61.2% to 36.8%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€253,244▲
2023 · €251,270
Cash flow
€191,117▲
2023 · €186,257
Debt to equity
0.58▼
2023 · 1.58
ROE
32.3%▼
2023 · 46.1%
Interest coverage
55.05▲
2023 · 26.09
Debt ≤ 1 year
€112,924▼
2023 · €119,797
Debt > 1 year
€120,000▼
2023 · €320,000
Income taxes
€57,527▲
2023 · €55,384
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,778 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 97% are still going.

  • Small
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.5% went bankrupt
2.6% stopped otherwise
97% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.7%
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 75% 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 6,778 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 38 lines
Balance sheet Code20232024
Assets
Total assets20/58€741,418€671,412▼
Fixed assets21/28€368,453€314,613▼
Tangible fixed assets22/27€368,453€314,613▼
Plant, machinery and equipment23€317,487€277,255▼
Furniture and vehicles24€50,966€37,358▼
Current assets29/58€372,965€356,798▼
Amounts receivable within one year40/41€20,631€22,700▲
Trade receivables40€20,631€22,700▲
Current investments50/53-€100,000
Cash at bank and in hand54/58€341,896€234,099▼
Deferred charges and accrued income490/1€10,439-
Equity and liabilities
Total equity and liabilities10/49€741,418€671,412▼
Equity10/15€287,358€424,635▲
Contributions10/11€3,000€3,000=
Reserves13€284,358€421,635▲
Distributable reserves133€284,358€421,635▲
Amounts payable17/49€454,061€246,777▼
Amounts payable after more than one year17€320,000€120,000▼
Financial debts170/4€320,000€120,000▼
Amounts payable within one year42/48€119,797€112,924▼
Trade debts44€174€14▼
Suppliers440/4€174€14▼
Taxes, remuneration and social security45€119,623€112,910▼
Taxes450/3€119,623€112,910▼
Accrued charges and deferred income492/3€14,264€13,852▼
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€53,840€53,840=
Other operating charges640/8€516€528▲
Gross operating margin9900€251,787€253,771▲
Operating profit (loss)9901€197,431€199,404▲
Financial charges65/66B€9,630€4,600▼
Recurring financial charges65€9,630€4,600▼
Profit (loss) for the period before taxes9903€187,801€194,804▲
Income taxes67/77€55,384€57,527▲
Profit (loss) for the period9904€132,417€137,277▲
Profit (loss) for the period to be appropriated9905€132,417€137,277▲
Appropriation of the result
Profit (loss) to be appropriated9906€132,417€137,277▲
Transfer to equity691/2€132,417€137,277▲
To other reserves6921€132,417€137,277▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7,832€53,840€53,840=
Other operating charges640/8€695€516€528▲ 2.3%
Gross operating margin9900€225,921€251,787€253,771▲ 0.8%
Operating profit (loss)9901€217,394€197,431€199,404▲ 1.0%
Financial charges65/66B€1,214€9,630€4,600▼ 52.2%
Recurring financial charges65€1,214€9,630€4,600▼ 52.2%
Profit (loss) for the period before taxes9903€216,180€187,801€194,804▲ 3.7%
Income taxes67/77€64,239€55,384€57,527▲ 3.9%
Profit (loss) for the period9904€151,941€132,417€137,277▲ 3.7%
Profit (loss) for the period to be appropriated9905€151,941€132,417€137,277▲ 3.7%
Line202220232024Change
Assets
Total assets20/58€540,741€741,418€671,412▼ 9.4%
Fixed assets21/28€422,293€368,453€314,613▼ 14.6%
Tangible fixed assets22/27€422,293€368,453€314,613▼ 14.6%
Plant, machinery and equipment23€357,718€317,487€277,255▼ 12.7%
Furniture and vehicles24€64,575€50,966€37,358▼ 26.7%
Current assets29/58€118,448€372,965€356,798▼ 4.3%
Amounts receivable within one year40/41€85,994€20,631€22,700▲ 10.0%
Trade receivables40€19,360€20,631€22,700▲ 10.0%
Other amounts receivable41€66,634---
Current investments50/53--€100,000-
Cash at bank and in hand54/58€32,454€341,896€234,099▼ 31.5%
Deferred charges and accrued income490/1-€10,439--
Equity and liabilities
Total equity and liabilities10/49€540,741€741,418€671,412▼ 9.4%
Equity10/15€154,941€287,358€424,635▲ 47.8%
Contributions10/11€3,000€3,000€3,000=
Reserves13€151,941€284,358€421,635▲ 48.3%
Distributable reserves133€151,941€284,358€421,635▲ 48.3%
Amounts payable17/49€385,800€454,061€246,777▼ 45.7%
Amounts payable after more than one year17€320,000€320,000€120,000▼ 62.5%
Financial debts170/4€320,000€320,000€120,000▼ 62.5%
Amounts payable within one year42/48€64,617€119,797€112,924▼ 5.7%
Trade debts44€378€174€14▼ 91.9%
Suppliers440/4€378€174€14▼ 91.9%
Taxes, remuneration and social security45€64,239€119,623€112,910▼ 5.6%
Taxes450/3€64,239€119,623€112,910▼ 5.6%
Accrued charges and deferred income492/3€1,184€14,264€13,852▼ 2.9%
Line202220232024Change
Profit (loss) for the period9904€151,941€132,417€137,277▲ 3.7%
+ Depreciation and write-downs630€7,832€53,840€53,840=
Operating cash flow (approximation)€159,773€186,257€191,117▲ 2.6%
Investment in fixed assets (approximation)-€0€0-
Change in cash-€309,441-€107,797▼ 135%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
15-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
21-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Weakest financial yearnet €132,417 ▼12.8%
Net result drops to €132,417, the lowest in the series; recovery starts the following year.
31-12
Financial Equity above €200,000Eq €287,358 ▲85.5%
2 profitable years in a row build equity to €287,358.
24-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 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
2 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, Aalst · 1 establishment unit since 2021
seat establishment The establishment unit on the map
Ground area
726 m²
Building footprint
138 m²
Volume, LiDAR
767 m³
Parcel 41039B0091/00G000, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
LS MANAGEMENT
Vossenshofweg 13, 9310 AalstComputing infrastructure, data processing, hosting and other information service activities
since 20212.318.139.949
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
41039B0091/00G000 Flanders 726 m² 1 · 138 m² 8.7 m · 2 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.

Similar companies · same sector, comparable size

Of 5,712 companies in sector 70100 we hold annual accounts for 3,519. 2,260 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
Founded10-06-2021
Fiscal year end31-12
Activities, NACEBEL 2025
70100Activities of head offices
E-invoicing
Reachable via Peppol
Peppol ID 0208:0769573650
Registered 05-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.