LS SCHILDERWERKEN
ActiveSummary
The computed 12-month bankruptcy probability of LS SCHILDERWERKEN is 2.0% (moderate). The 2025 annual accounts show equity of €46k and a net result of €684. Equity is growing by ~5.5% per year across the filed fiscal years. Its solvency ranks better than 44% of 27965 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability70=
Solvency67=
Growth52=
Track record100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 2.19 against 2.45 in 2024; short-term debt: 25.9% and cash: 9.5% of total assets), but 58% 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+raises risk○neutral
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 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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
42%
Return on assets
0.6%
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 22-07-2026, 9 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
9 d early
2024
51 d early
2023
22 d late
2022
24 d early
2021
31 d early
← 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
€46k▲ 1.5%
2024 · €45k
2021: €25klowest in 5 years
2022: €41k▲ +67.4% vs 2021
2023: €44k▲ +6.8% vs 2022
2024: €45k▲ +3.0% vs 2023
2025: €46k▲ +1.5% vs 2024highest in 5 years
2021 → 2025
Total assets
€109k▲ 2.3%
2024 · €107k
2021: €55klowest in 5 years
2022: €70k▲ +25.7% vs 2021
2023: €123k▲ +76.7% vs 2022highest in 5 years
2024: €107k▼ -13.2% vs 2023
2025: €109k▲ +2.3% vs 2024
2021 → 2025
Net result
€684▼ 47.2%
2024 · €1k
2021: €20khighest in 5 years
2022: €18k▼ -7.2% vs 2021
2023: €4k▼ -80.2% vs 2022
2024: €1k▼ -63.9% vs 2023
2025: €684▼ -47.2% vs 2024lowest in 5 years
2021 → 2025
Working capital
€34k▲ 16.6%
2024 · €29k
2021: €-16klowest in 5 years
2022: €2k▲ +115% vs 2021
2023: €17k▲ +620% vs 2022
2024: €29k▲ +73.9% vs 2023
2025: €34k▲ +16.6% vs 2024highest in 5 years
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€25k-€41k▲ 67.4%€44k▲ 6.8%€45k▲ 3.0%€46k▲ 1.5%
2021: €25klowest in 5 years
2022: €41k▲ +67.4% vs 2021
2023: €44k▲ +6.8% vs 2022
2024: €45k▲ +3.0% vs 2023
2025: €46k▲ +1.5% vs 2024highest in 5 years
Operating result€27k-€23k▼ 15.5%€4k▼ 81.0%€2k▼ 49.3%€866▼ 60.6%
2021: €27khighest in 5 years
2022: €23k▼ -15.5% vs 2021
2023: €4k▼ -81.0% vs 2022
2024: €2k▼ -49.3% vs 2023
2025: €866▼ -60.6% vs 2024lowest in 5 years
Net result€20k-€18k▼ 7.2%€4k▼ 80.2%€1k▼ 63.9%€684▼ 47.2%
2021: €20khighest in 5 years
2022: €18k▼ -7.2% vs 2021
2023: €4k▼ -80.2% vs 2022
2024: €1k▼ -63.9% vs 2023
2025: €684▼ -47.2% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2025 is 61% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €109k
Fixed assets
€47k ▼ 18.6%
Current assets
€62k ▲ 26.9%
Equity and liabilities €109k
Equity
€46k ▲ 1.5%
Debt
€63k ▲ 2.8%
Debt's share of the balance-sheet total rises from 57.7% to 58.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€19k▼
2024 · €20k
Cash flow
€19k▲
2024 · €19k
Current ratio
2.19▼
2024 · 2.45
Debt to equity
1.38▲
2024 · 1.36
ROE
1.5%▼
2024 · 2.9%
ROA
0.6%▼
2024 · 1.2%
Interest coverage
16.57▲
2024 · 14.81
Debt ≤ 1 year
€28k▲
2024 · €20k
Debt > 1 year
€35k▼
2024 · €42k
Income taxes
€995▼
2024 · €2k
Staff costs
€62k▲
2024 · €50k
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€107k€109k▲
Fixed assets21/28€58k€47k▼
Tangible fixed assets22/27€58k€47k▼
Land and buildings22€12k€9k▼
Plant, machinery and equipment23€2k€599▼
Furniture and vehicles24€44k€37k▼
Financial fixed assets28€363€363=
Current assets29/58€49k€62k▲
Amounts receivable within one year40/41€29k€45k▲
Trade receivables40€1k€1k▼
Other amounts receivable41€27k€44k▲
Cash at bank and in hand54/58€18k€10k▼
Deferred charges and accrued income490/1€2k€7k▲
Equity and liabilities
Total equity and liabilities10/49€107k€109k▲
Equity10/15€45k€46k▲
Contributions10/11€5k€5k=
Reserves13€40k€41k▲
Distributable reserves133€40k€41k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€62k€63k▲
Amounts payable after more than one year17€42k€35k▼
Financial debts170/4€42k€35k▼
Amounts payable within one year42/48€20k€28k▲
Current portion of amounts payable after more than one year42€7k€7k▲
Trade debts44€5k€11k▲
Suppliers440/4€5k€11k▲
Taxes, remuneration and social security45€9k€10k▲
Taxes450/3€6k€5k▼
Remuneration and social security454/9€2k€5k▲
Other amounts payable47/48€0-
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€50k€62k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€18k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€71k€82k▲
Operating profit (loss)9901€2k€866▼
Financial income75/76B€2k€2k▼
Recurring financial income75€2k€2k▼
Financial charges65/66B€1k€1k▼
Recurring financial charges65€1k€1k▼
Profit (loss) for the period before taxes9903€3k€2k▼
Income taxes67/77€2k€995▼
Profit (loss) for the period9904€1k€684▼
Profit (loss) for the period to be appropriated9905€1k€684▼
Appropriation of the result
Profit (loss) to be appropriated9906€1k€684▼
Transfer to equity691/2€1k€684▼
To other reserves6921€1k€684▼
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
The notes to these accounts (13 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €2k | €0 | - | - |
| Remuneration, social security and pensions62 | €48k | €30k | €49k | €50k | €62k | ▲ 24.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | €11k | €13k | €18k | €18k | ▲ 5.4% |
| Other operating charges640/8 | €2k | €2k | €2k | €1k | €1k | ▲ 2.3% |
| Gross operating margin9900 | €87k | €66k | €67k | €71k | €82k | ▲ 16.4% |
| Operating profit (loss)9901 | €27k | €23k | €4k | €2k | €866 | ▼ 60.6% |
| Financial income75/76B | - | €1k | €3k | €2k | €2k | ▼ 1.0% |
| Recurring financial income75 | - | €1k | €3k | €2k | €2k | ▼ 1.0% |
| Financial charges65/66B | €2k | €401 | €2k | €1k | €1k | ▼ 12.4% |
| Recurring financial charges65 | €2k | €401 | €2k | €1k | €1k | ▼ 12.4% |
| Profit (loss) for the period before taxes9903 | €25k | €24k | €5k | €3k | €2k | ▼ 41.4% |
| Income taxes67/77 | €6k | €5k | €2k | €2k | €995 | ▼ 36.6% |
| Profit (loss) for the period9904 | €20k | €18k | €4k | €1k | €684 | ▼ 47.2% |
| Profit (loss) for the period to be appropriated9905 | €20k | €18k | €4k | €1k | €684 | ▼ 47.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €55k | €70k | €123k | €107k | €109k | ▲ 2.3% |
| Fixed assets21/28 | €40k | €39k | €75k | €58k | €47k | ▼ 18.6% |
| Tangible fixed assets22/27 | €40k | €38k | €75k | €58k | €47k | ▼ 18.7% |
| Land and buildings22 | €14k | €16k | €14k | €12k | €9k | ▼ 21.2% |
| Plant, machinery and equipment23 | €5k | €4k | €3k | €2k | €599 | ▼ 65.3% |
| Furniture and vehicles24 | €21k | €18k | €58k | €44k | €37k | ▼ 16.2% |
| Financial fixed assets28 | €363 | €363 | €363 | €363 | €363 | = |
| Current assets29/58 | €15k | €31k | €48k | €49k | €62k | ▲ 26.9% |
| Amounts receivable within one year40/41 | €1k | €13k | €32k | €29k | €45k | ▲ 56.8% |
| Trade receivables40 | - | €8k | €0 | €1k | €1k | ▼ 22.9% |
| Other amounts receivable41 | €1k | €5k | €32k | €27k | €44k | ▲ 60.7% |
| Cash at bank and in hand54/58 | €12k | €16k | €12k | €18k | €10k | ▼ 43.3% |
| Deferred charges and accrued income490/1 | €2k | €2k | €4k | €2k | €7k | ▲ 239% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €55k | €70k | €123k | €107k | €109k | ▲ 2.3% |
| Equity10/15 | €25k | €41k | €44k | €45k | €46k | ▲ 1.5% |
| Contributions10/11 | €5k | €5k | €5k | €5k | €5k | = |
| Reserves13 | €20k | €36k | €39k | €40k | €41k | ▲ 1.7% |
| Distributable reserves133 | €20k | €36k | €39k | €40k | €41k | ▲ 1.7% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | - | - |
| Amounts payable17/49 | €31k | €28k | €79k | €62k | €63k | ▲ 2.8% |
| Amounts payable after more than one year17 | - | - | €48k | €42k | €35k | ▼ 15.9% |
| Financial debts170/4 | - | - | €48k | €42k | €35k | ▼ 15.9% |
| Amounts payable within one year42/48 | €31k | €28k | €31k | €20k | €28k | ▲ 41.9% |
| Current portion of amounts payable after more than one year42 | - | - | €6k | €7k | €7k | ▲ 1.5% |
| Trade debts44 | €11k | €10k | €10k | €5k | €11k | ▲ 144% |
| Suppliers440/4 | €11k | €10k | €10k | €5k | €11k | ▲ 144% |
| Taxes, remuneration and social security45 | €8k | €17k | €14k | €9k | €10k | ▲ 17.8% |
| Taxes450/3 | €6k | €14k | €12k | €6k | €5k | ▼ 22.5% |
| Remuneration and social security454/9 | €2k | €2k | €2k | €2k | €5k | ▲ 126% |
| Other amounts payable47/48 | €12k | €2k | €800 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20k | €18k | €4k | €1k | €684 | ▼ 47.2% |
| + Depreciation and write-downs630 | €10k | €11k | €13k | €18k | €18k | ▲ 5.4% |
| Operating cash flow (approximation) | €30k | €29k | €17k | €19k | €19k | ▲ 1.8% |
| Investment in fixed assets (approximation) | - | €-9k | €-50k | €0 | €-8k | - |
| Change in cash | - | €4k | €-4k | €7k | €-8k | ▼ 218% |
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
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €684 ▼47.2%
Net result drops to €684, the lowest in the series.
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity doublescurrent ratio 1.08
Current ratio from 0.49 to 1.08; short-term debt falls from €31k to €28k.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · 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, Hechtel-Eksel · 1 establishment unit since 2020
Ground area
1,189 m²
Building footprint
171 m²
Volume, LiDAR
958 m³
Parcel 72006D0147/00N003, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LS SCHILDERWERKEN
since 20202.305.633.283
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72006D0147/00N003 | Flanders | 1,189 m² | 1 · 171 m² | 9.1 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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 500 EUR awarded · 500 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 500 EUR | 500 EUR |
Schemes
Stagebonus (stopgezet)
Recognitions · licences · registrations
Dual-learning approval
3 live approvals · 1 endedDecoratie en schilderwerken duaal (so)
Medewerker schilder- en behangwerken duaal (so)
Schilder-decorateur (vwo)
Show 1 ended approval
Schilder-decorateur (so)
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Of 7,867 companies in sector 43341 we hold annual accounts for 2,663. 2,300 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
Founded30-07-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43341Painting of buildings
42110Construction of roads and motorways
43333Wallpapering and laying of floor and wall coverings in other materials
43350Other building finishing work
81220Other building cleaning and industrial cleaning
Scores and ratios are computed by Checked and are not a credit decision.