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LS SERVICES

Active
Private limited company (pre-2019)founded 200719 yrs activeKernstraat 54, 1000 Brussel, BelgiumKBO/BCE: BE 0892.299.634
Summary

LS SERVICES has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €15,005 and a net result of -€1. Equity is shrinking by ~5.8% per year across the filed fiscal years. Its solvency ranks better than 91% of 14254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability37=
Solvency100▲+13
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity ample (current ratio 9.1 against 13.06 in 2024; short-term debt: 11% of total assets), and 11% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 19 years 0 20 y
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 2025
Solvency, return and age of the figures
Solvency
89%
Return on assets
0%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
31 d late
2024
29 d late
2023
71 d late
2022
46 d late
2021
61 d late
2020
61 d late
2019
94 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 56 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

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 months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
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 25 September 2007, LS SERVICES was incorporated.1 Total assets went from EUR 61,786 in 2018 to EUR 16,858 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€15,005=
2024 · €15,006
Total assets
€16,858▼ 30.3%
2024 · €24,178
Net result
-€1▲ 98.0%
2024 · -€66
Working capital
€15,005▼ 32.8%
2024 · €22,326
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate 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
Line20212022202320242025
Operating result-€4,389-€1,428▲ 67.5%-€6▲ 99.6%-€30▼ 424%€616
Net result-€4,594within the sector's middle half-€1,601within the sector's middle half▲ 65.1%-€300within the sector's middle half▲ 81.3%-€66within the sector's middle half▲ 78.1%-€1within the sector's middle half▲ 98.0%
Equity€16,973within the sector's middle half▼ 21.3%€15,372within the sector's middle half▼ 9.4%€15,072within the sector's middle half▼ 1.9%€15,006within the sector's middle half▼ 0.4%€15,005within the sector's middle half=
Total assets€24,755below the sector's middle half▼ 75.0%€17,005below the sector's middle half▼ 31.3%€16,858below the sector's middle half▼ 0.9%€24,178below the sector's middle half▲ 43.4%€16,858below the sector's middle half▼ 30.3%
Debt€7,782▼ 89.9%€1,633▼ 79.0%€1,786▲ 9.4%€9,171▲ 414%€1,853▼ 79.8%
Working capital€16,973within the sector's middle half▼ 22.5%€15,719within the sector's middle half▼ 7.4%€15,072within the sector's middle half▼ 4.1%€22,326within the sector's middle half▲ 48.1%€15,005within the sector's middle half▼ 32.8%
Solvency68.6%above the sector's middle half▲ 46.8pp90.4%above the sector's middle half▲ 21.8pp89.4%above the sector's middle half▼ 1.0pp62.1%within the sector's middle half▼ 27.3pp89.0%above the sector's middle half▲ 26.9pp
Current ratio3.18above the sector's middle half▲ 1.9013.23above the sector's middle half▲ 10.059.44above the sector's middle half▼ 3.7913.06above the sector's middle half▲ 3.629.10above the sector's middle half▼ 3.96
Return on assets (ROA)-18.6%below the sector's middle half▼ 18.7pp-9.4%below the sector's middle half▲ 9.1pp-1.8%within the sector's middle half▲ 7.6pp-0.3%within the sector's middle half▲ 1.5pp0.0%within the sector's middle half▲ 0.3pp
above within below the middle half (P25 to P75) of NACE 68, Real estate 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
-€6,000-€4,000-€2,000€0Operating result 2021: -€4,389-€4,389Net result 2021: -€4,594-€4,594Operating result 2022: -€1,428-€1,428Net result 2022: -€1,601-€1,601Operating result 2023: -€6-€6Net result 2023: -€300-€300Operating result 2024: -€30-€30Net result 2024: -€66-€66Operating result 2025: €616€616Net result 2025: -€1-€120212022202320242025-€500-€250€0€250€500Operating result 2023: -€6-€6Net result 2023: -€300-€300Operating result 2024: -€30-€30Net result 2024: -€66-€66Operating result 2025: €616€616Net result 2025: -€1-€1202320242025
The operating result returns to profit in 2025: €616 after a loss of €30 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €16,858
Equity €15,005 =
Debt €1,853 ▼ 79.8%
Debt's share of the balance-sheet total falls from 37.9% to 11.0%. Debt is lower.
Key figures and ratios
2025 value · change against 2024
Debt to equity
0.12▼
2024 · 0.61
ROE
0.0%▲
2024 · -0.4%
Debt ≤ 1 year
€1,853▲
2024 · €1,851
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,915 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a small loss
1.1% went bankrupt
7.8% stopped otherwise
91% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,662 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 6,915 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 · 2025 against 2024 · 27 lines
Balance sheet Code20242025
Assets
Total assets20/58€24,178€16,858▼
Current assets29/58€24,178€16,858▼
Amounts receivable within one year40/41€16,858€16,858=
Other amounts receivable41€16,858€16,858=
Deferred charges and accrued income490/1€7,320-
Equity and liabilities
Total equity and liabilities10/49€24,178€16,858▼
Equity10/15€15,006€15,005=
Contributions10/11€6,200€6,200=
Reserves13€975€975=
Non-distributable reserves130/1€975€975=
Reserves not available under the articles1311€975€975=
Profit (loss) carried forward14€7,831€7,830=
Amounts payable17/49€9,171€1,853▼
Amounts payable within one year42/48€1,851€1,853▲
Trade debts44€1,851€1,853▲
Suppliers440/4€1,851€1,853▲
Accrued charges and deferred income492/3€7,320-
Income statement Code20242025
Other operating charges640/8€387€400▲
Gross operating margin9900€357€1,015▲
Operating profit (loss)9901-€30€616▲
Financial charges65/66B€36€617▲
Recurring financial charges65€36€617▲
Profit (loss) for the period before taxes9903-€66-€1▲
Profit (loss) for the period9904-€66-€1▲
Profit (loss) for the period to be appropriated9905-€66-€1▲
Appropriation of the result
Profit (loss) to be appropriated9906€7,831€7,830=
Profit (loss) brought forward from the previous period14P€7,897€7,831▼

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Other operating charges640/8€368€494€394€387€400▲ 3.2%
Gross operating margin9900-€4,021-€934€388€357€1,015▲ 184%
Operating profit (loss)9901-€4,389-€1,428-€6-€30€616▲ 2,160%
Financial charges65/66B€205€174€294€36€617▲ 1,622%
Recurring financial charges65€205€174€294€36€617▲ 1,622%
Profit (loss) for the period before taxes9903-€4,594-€1,601-€300-€66-€1▲ 98.0%
Profit (loss) for the period9904-€4,594-€1,601-€300-€66-€1▲ 98.0%
Profit (loss) for the period to be appropriated9905-€4,594-€1,601-€300-€66-€1▲ 98.0%
Line20212022202320242025Change
Assets
Total assets20/58€24,755€17,005€16,858€24,178€16,858▼ 30.3%
Current assets29/58€24,755€17,005€16,858€24,178€16,858▼ 30.3%
Amounts receivable within one year40/41€24,741€17,003€16,858€16,858€16,858=
Other amounts receivable41€24,741€17,003€16,858€16,858€16,858=
Cash at bank and in hand54/58€14€2----
Deferred charges and accrued income490/1---€7,320--
Equity and liabilities
Total equity and liabilities10/49€24,755€17,005€16,858€24,178€16,858▼ 30.3%
Equity10/15€16,973€15,372€15,072€15,006€15,005=
Contributions10/11€6,200€6,200€6,200€6,200€6,200=
Reserves13€975€975€975€975€975=
Non-distributable reserves130/1€975€975€975€975€975=
Reserves not available under the articles1311€975€975€975€975€975=
Profit (loss) carried forward14€9,798€8,197€7,897€7,831€7,830=
Amounts payable17/49€7,782€1,633€1,786€9,171€1,853▼ 79.8%
Amounts payable within one year42/48€7,782€1,286€1,786€1,851€1,853▲ 0.1%
Trade debts44€7,352€1,286€1,786€1,851€1,853▲ 0.1%
Suppliers440/4€7,352€1,286€1,786€1,851€1,853▲ 0.1%
Taxes, remuneration and social security45€430-----
Taxes450/3€430-----
Accrued charges and deferred income492/3-€348-€7,320--
Line20212022202320242025Change
Profit (loss) for the period9904-€4,594-€1,601-€300-€66-€1▲ 98.0%
Operating cash flow (approximation)-€4,594-€1,601-€300-€66-€1▲ 98.0%
Change in cash--€12----

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

Next filing, fiscal year 2026, expected by 31-07-2027
2026
31-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
29-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
10-10
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 71 days late
2023
15-09
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 46 days late
2022
31-12
Financial Liquidity quadruplescurrent ratio 13.23
Current ratio from 3.18 to 13.23; short-term debt falls from €7,782 to €1,286.
30-09
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
31-12
Financial Weakest financial yearnet -€4,594
Net result drops to -€4,594, the lowest in the series; recovery starts the following year.
31-12
Financial Liquidity doublescurrent ratio 3.18
Current ratio from 1.28 to 3.18; short-term debt falls from €77,022 to €7,782.
30-09
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
02-11
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 94 days late
2019
30-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
30-07
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
24-08
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 24 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, Brussel · 1 establishment unit since 2015
seat establishment The establishment unit on the map
Ground area
1,070 m²
Building footprint
886 m²
Volume, LiDAR
22,422 m³
2 parcels, Brussels · tallest building 32.0 m, ±10 floors. Linked by address, not a title deed.
21 companies at this address See who is registered here
1 establishment unit
LS SERVICES
Brugmannlaan 32, 1060 Sint-Gillis (bij-Brussel)Renting and operating of own or leased non-residential real estate, excluding land
since 20152.244.975.126
2 parcels
Brussels 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21013B0371/00N017 Brussels 779 m² 1 · 589 m² 32.0 m · 10 fl.
21808H1932/02R000 Brussels 291 m² 1 · 296 m² 24.5 m · 8 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

Of 9,146 companies in sector 68201 we hold annual accounts for 6,775. 1,905 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 (pre-2019)
Founded25-09-2007
Fiscal year end31-12
Abbreviation FR LSS
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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Register as of 28 September 2026 · Peppol Directory

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