LS Modelling
ActiveSummary
The computed 12-month bankruptcy probability of LS Modelling is 6.5% (elevated). The 2024 annual accounts show negative equity (-€8,616) and a net result of -€25,503. Its solvency ranks better than 9% of 979 sector peers (NACE 78, financial year 2024). The company has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- -€8,616
- Loss
- -€25,503
Why 33raises riskFigures for financial year 2024 (filed 09-01-2026)1 financial year not filed after the legal deadline; last filed accounts filed 153 days late; 2 of the last 3 late1 change of registered office in 24 monthslowers riskSector: Employment activities (NACE 78)Show the evidence
Checked score
About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 78, micro): better than 6% on solvency, 17% on liquidity, 8% on profitability and 4% on growth.
The bankruptcy probability was computed on 29-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 2 accounts on average 112 days after the deadline; the sector median (NACE 78) for financial year 2024 is 14 days before the deadline, and 30% of those companies filed late.
Searched, nothing found (1)
- Registered officeRegistered-office move · Power of…
- Annual accounts filedfinancial year 2024 · micro…
- Annual accounts filedfinancial year 2023 · micro…
Financials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 30 October 2026.
2023 to 2024, 2 financial years
The operating result turns negative in 2024: a loss of €24,950 after €23,612 in 2023.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 78, Employment activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 7,639 companies that looked in July 2024 the way this one looks now, 8.8% went bankrupt within 24 months and 84.9% are still going.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 6.5% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 7,639 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.
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Turnover70 | - | €73,611 | - |
| Goods, raw materials, services and sundry goods60/61 | - | €91,229 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,075 | €7,182 | ▲ 568% |
| Other operating charges640/8 | €1,054 | €150 | ▼ 85.8% |
| Gross operating margin9900 | €25,741 | -€17,618 | - |
| Operating profit (loss)9901 | €23,612 | -€24,950 | - |
| Financial income75/76B | €192 | €27 | ▼ 85.9% |
| Recurring financial income75 | €192 | €27 | ▼ 85.9% |
| Financial charges65/66B | €701 | €580 | ▼ 17.3% |
| Recurring financial charges65 | €701 | €580 | ▼ 17.3% |
| Profit (loss) for the period before taxes9903 | €23,103 | -€25,503 | - |
| Income taxes67/77 | €9,215 | - | - |
| Profit (loss) for the period9904 | €13,887 | -€25,503 | - |
| Profit (loss) for the period to be appropriated9905 | €13,887 | -€25,503 | - |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €60,455 | €25,512 | ▼ 57.8% |
| Fixed assets21/28 | €1,945 | €19,640 | ▲ 910% |
| Tangible fixed assets22/27 | €1,945 | €19,640 | ▲ 910% |
| Furniture and vehicles24 | €1,945 | €19,640 | ▲ 910% |
| Current assets29/58 | €58,510 | €5,872 | ▼ 90.0% |
| Amounts receivable within one year40/41 | €49,487 | €175 | ▼ 99.6% |
| Trade receivables40 | €49,312 | - | - |
| Other amounts receivable41 | €174 | €175 | ▲ 0.5% |
| Cash at bank and in hand54/58 | €9,024 | €5,697 | ▼ 36.9% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €60,455 | €25,512 | ▼ 57.8% |
| Equity10/15 | €16,887 | -€8,616 | - |
| Contributions10/11 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €13,887 | -€11,616 | - |
| Amounts payable17/49 | €43,568 | €34,128 | ▼ 21.7% |
| Amounts payable after more than one year17 | €2,304 | - | - |
| Financial debts170/4 | €2,304 | - | - |
| Amounts payable within one year42/48 | €41,263 | €32,128 | ▼ 22.1% |
| Current portion of amounts payable after more than one year42 | €6,630 | €2,304 | ▼ 65.3% |
| Trade debts44 | €21,074 | €4,205 | ▼ 80.0% |
| Suppliers440/4 | €21,074 | €4,205 | ▼ 80.0% |
| Taxes, remuneration and social security45 | €9,215 | €9,542 | ▲ 3.5% |
| Taxes450/3 | €9,215 | €9,542 | ▲ 3.5% |
| Other amounts payable47/48 | €4,344 | €16,077 | ▲ 270% |
| Accrued charges and deferred income492/3 | - | €2,000 | - |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €13,887 | -€25,503 | - |
| + Depreciation and write-downs630 | €1,075 | €7,182 | ▲ 568% |
| Operating cash flow (approximation) | €14,962 | -€18,321 | - |
| Investment in fixed assets (approximation) | - | -€24,877 | - |
| Change in cash | - | -€3,327 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | micro format | 31-12-2025 | 2026-00004959 |
| 31-12-2023 | micro format | 10-10-2024 | 2024-00503019 |
Similar companies · same sector and region
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| SCHEPENS Laura Claudia Guy |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
22-09
Gazette deed
Registered officeRegistered-office move · Power of attorney3 facts ▸
- Board meeting, 11-02-2026
- Registered-office move, Esstraat 4, 9700 Oudenaarde
- Power of attorney, Patrick De Lange
20-08
Gazette deed
Registered officeRegistered-office move2 facts ▸
- General meeting, 15-10-2023
- Registered-office move, De Schrans 2/C,2275 Lille
28-10
Gazette deed
IncorporationAppointment: SCHEPENS Laura Claudia Guy (director) · Registered office clause · Pre-incorporation commitments9 facts ▸
- Registered office clause, “Vlaamse Gewest, 9700 Oudenaarde,Esstraat 4” (deed in Dutch)
- Pre-incorporation commitments, “takeover, alle in naam van vennootschap in oprichting aangegane verbintenissen” (deed in Dutch)
- Other provision, “woonstkeuze, uitvoering akte” (deed in Dutch)
- Director appointment, SCHEPENS Laura Claudia Guy (director (not named in the articles))
- Other provision, “overgangsregeling bestuurder, als orgaan overeenkomstig statuten en wet” (deed in Dutch)
- Incorporation, 25-10-2022
- Founder, SCHEPENS Laura Claudia Guy
- Founding capital, €3,000
- Bank account, “BE63 7330 6819 8508, bijzondere rekening namens vennootschap in oprichting” (deed in Dutch)
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 45505A0018/00W000 | Flanders | 730 m² | 1 · 140 m² | 9.5 m · 2 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- LS Modelling
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, bestuursorgaan bevoegd tot verplaatsing binnen België” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Bepaalde of onbepaalde termijn, één of meer” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Monday of June at 18:00
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Enige vereffenaar of elke vereffenaar individueel bevoegd voor alle handelingen nodig of dienstig voor vereffening, cijfermatig verslag met…” (deed in Dutch)