LSA
ActiveLSA has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €54k and a net result of €25k. Equity is growing by ~38.6% per year across the filed fiscal years. Its solvency ranks better than 28% of 12690 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
81
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability86=
Solvency56▼-5
Growth78=
Track record94
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 1.83 against 4.0 in 2024; short-term debt: 19.4% and cash: 30.9% of total assets), but 69.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 69
Relative position
BE, all sectors
reference
Sector 69
lower
← 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 dateAge against the risk zone
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
30.9%
Return on assets
14%
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 14-07-2026, 17 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
17 d early
2024
22 d late
2023
30 d late
2022
17 d late
← before the deadline
after the deadline →
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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€54k▼ 9.0%
2024 · €60k
2022: €15k
2023: €37k
2024: €60k
2022 → 2025
Total assets
€176k▲ 7.2%
2024 · €164k
2022: €135k
2023: €156k
2024: €164k
2022 → 2025
Net result
€25k▲ 9.0%
2024 · €23k
2022: €14k
2023: €22k
2024: €23k
2022 → 2025
Working capital
€28k▼ 9.2%
2024 · €31k
2022: €14k
2023: €8k
2024: €31k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€15k-€37k▲ 149%€60k▲ 61.0%€54k▼ 9.0%
Operating result€18k-€35k▲ 96.6%€35k▲ 0.3%€36k▲ 2.6%
Net result€14k-€22k▲ 59.3%€23k▲ 2.1%€25k▲ 9.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2025 is 3% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €175k
Fixed assets
€113k▼ 7.2%
Current assets
€62k▲ 50.1%
Equity and liabilities €176k
Equity
€54k▼ 9.0%
Debt
€121k▲ 16.4%
The debt ratio rises from 63.6% to 69.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€45k▲
2024 · €44k
Cash flow
€34k▲
2024 · €32k
Solvency
30.9%▼
2024 · 36.4%
Current ratio
1.83▼
2024 · 4.00
Quick ratio
1.83▼
2024 · 4.00
Debt / equity
2.24▲
2024 · 1.75
ROE
45.4%▲
2024 · 37.9%
ROA
14.0%▲
2024 · 13.8%
Interest coverage
11.59▲
2024 · 10.39
Debt
€121k▲
2024 · €104k
Debt ≤ 1 year
€34k▲
2024 · €10k
Debt > 1 year
€87k▼
2024 · €94k
Income taxes
€7k▼
2024 · €8k
Staff costs
€4k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€164k€176k▲
Formation expenses20€853€540▼
Fixed assets21/28€121k€113k▼
Tangible fixed assets22/27€121k€113k▼
Land and buildings22€113k€106k▼
Furniture and vehicles24€8k€6k▼
Current assets29/58€42k€62k▲
Amounts receivable within one year40/41€5k€7k▲
Trade receivables40€2k€4k▲
Other amounts receivable41€3k€3k▼
Cash at bank and in hand54/58€35k€54k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€164k€176k▲
Equity10/15€60k€54k▼
Contributions10/11€1k€1k=
Reserves13€59k€53k▼
Distributable reserves133€59k€53k▼
Profit (loss) carried forward14-€0
Amounts payable17/49€104k€121k▲
Amounts payable after more than one year17€94k€87k▼
Financial debts170/4€94k€87k▼
Amounts payable within one year42/48€10k€34k▲
Current portion of amounts payable after more than one year42€6k€6k▲
Financial debts43€25€43▲
Credit institutions430/8€25€43▲
Trade debts44€486€2k▲
Suppliers440/4€486€2k▲
Taxes, remuneration and social security45€4k€1k▼
Taxes450/3€4k€1k▼
Remuneration and social security454/9-€93
Other amounts payable47/48€0€24k▲
Accrued charges and deferred income492/3€160€32▼
Income statement
Code20242025
Remuneration, social security and pensions62-€4k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€10k▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€46k€52k▲
Operating profit (loss)9901€35k€36k▲
Financial income75/76B€253€14▼
Recurring financial income75€253€14▼
Financial charges65/66B€4k€4k▼
Recurring financial charges65€4k€4k▼
Profit (loss) for the period before taxes9903€31k€32k▲
Income taxes67/77€8k€7k▼
Profit (loss) for the period9904€23k€25k▲
Profit (loss) for the period to be appropriated9905€23k€25k▲
Appropriation of the result
Profit (loss) to be appropriated9906€23k€25k▲
Transfer from equity791/2-€30k
Transfer to equity691/2€23k€25k▲
To the legal reserve6920-€25k
To other reserves6921€23k€0▼
Profit to be distributed694/7-€30k
Return on contributions (dividend)694-€30k
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2022net €25k ▲9%
Operating result €36k, net result €25k, both a record.
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
31-12
Financial
Liquidity triplescurrent ratio 4.00
Current ratio from 1.39 to 4.00; short-term debt falls from €19k to €10k.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Gent · 1 establishment unit since 2022
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Burgstraat 1829000 GentGround area
272 m²
Building footprint
261 m²
Volume, LiDAR
3,892 m³
Parcel 44815F3258/00S000, Flanders · tallest building 19.5 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
LSA
since 20222.337.267.854
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44815F3258/00S000 | Flanders | 272 m² | 1 · 260 m² | 19.5 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
2023 to 2025 · 4 entries · 1,642 EUR awarded · 1,642 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 1,349 EUR | 1,349 EUR |
| 2024 | 1 | 146 EUR | 146 EUR |
| 2023 | 1 | 147 EUR | 147 EUR |
Schemes
Individueel Maatwerk
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 22,054 companies in sector 69101 we hold annual accounts for 9,053. 7,280 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-09-2022
Fiscal year end31-12
Activities, NACEBEL
69101Activities of lawyers
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.