LSA & Partners
ActiveSummary
LSA & Partners has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.1m and a net result of €2.3m. Equity is growing by ~86.2% per year across the filed fiscal years. Its solvency ranks better than 85% of 3342 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+13
Solvency100▲+37
Growth78=
Track record94
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €400,000 at 30 days acceptable
Liquidity ample (current ratio 2.92 against 0.21 in 2024; short-term debt: 5% of total assets), and 16.3% of the assets are financed with debt.
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Signals
Four 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
Legal and accounting activities (NACE 69)
about 77% 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 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
83.7%
Return on assets
47.4%
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 30-08-2026, 30 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 · 4 filingsDeviation from the deadline
2025
30 d late
2024
30 d late
2023
29 d late
2022
12 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 19 days after 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 (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. Usually files around 30 August (3 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€4.1m▲ 130%
2024 · €1.8m
Total assets
€4.9m▲ 5.8%
2024 · €4.7m
Net result
€2.3m▲ 152%
2024 · €926,332
Working capital
€469,782
2024 · -€1.7m
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€45,746-€927,509▲ 1,928%€1.0m▲ 10.6%€2.4m▲ 133%
Net result€11,530below the sector's middle half-€819,588above the sector's middle half▲ 7,008%€926,332above the sector's middle half▲ 13.0%€2.3mabove the sector's middle half▲ 152%
Equity€41,530below the sector's middle half-€864,452within the sector's middle half▲ 1,982%€1.8mabove the sector's middle half▲ 107%€4.1mabove the sector's middle half▲ 130%
Total assets€4.3mabove the sector's middle half-€4.4mabove the sector's middle half▲ 2.4%€4.7mabove the sector's middle half▲ 6.5%€4.9mabove the sector's middle half▲ 5.8%
Debt€4.2m-€3.5m▼ 17.0%€2.9m▼ 18.3%€800,964▼ 72.0%
Working capital-€3.0mbelow the sector's middle half--€2.4mbelow the sector's middle half▲ 20.7%-€1.7mbelow the sector's middle half▲ 29.9%€469,782within the sector's middle half
Solvency1.0%below the sector's middle half-19.8%within the sector's middle half▲ 18.8pp38.5%within the sector's middle half▲ 18.7pp83.7%above the sector's middle half▲ 45.3pp
Current ratio0.02below the sector's middle half-0.07below the sector's middle half▲ 0.050.21below the sector's middle half▲ 0.142.92within the sector's middle half▲ 2.71
Return on assets (ROA)0.3%below the sector's middle half-18.8%within the sector's middle half▲ 18.5pp19.9%within the sector's middle half▲ 1.1pp47.4%above the sector's middle half▲ 27.5pp
Staff (FTE)0.7below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2025 is 133% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.9m
Fixed assets
€4.2m =
Current assets
€714,588 ▲ 61.4%
Equity and liabilities €4.9m
Equity
€4.1m ▲ 130%
Debt
€800,964 ▼ 72.0%
Debt's share of the balance-sheet total falls from 61.5% to 16.3%. Equity is higher and debt is lower.
Key figures and ratios
Debt to equity
0.19▼
2024 · 1.60
ROE
56.6%▲
2024 · 51.7%
Debt ≤ 1 year
€244,806▼
2024 · €2.1m
Debt > 1 year
€556,158▼
2024 · €766,831
Income taxes
€2,147▼
2024 · €34,834
Staff costs
€36,168
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €36,168 | - |
| Other operating charges640/8 | €398 | €499 | €1,094 | €10,357 | ▲ 847% |
| Gross operating margin9900 | €46,144 | €928,009 | €1.0m | €2.4m | ▲ 138% |
| Operating profit (loss)9901 | €45,746 | €927,509 | €1.0m | €2.4m | ▲ 133% |
| Financial income75/76B | - | €599 | €517 | €766 | ▲ 48.2% |
| Recurring financial income75 | - | €599 | €517 | €766 | ▲ 48.2% |
| Financial charges65/66B | €30,373 | €67,237 | €65,580 | €59,831 | ▼ 8.8% |
| Recurring financial charges65 | €30,373 | €67,237 | €65,580 | €59,831 | ▼ 8.8% |
| Profit (loss) for the period before taxes9903 | €15,373 | €860,871 | €961,166 | €2.3m | ▲ 143% |
| Income taxes67/77 | €3,843 | €41,283 | €34,834 | €2,147 | ▼ 93.8% |
| Profit (loss) for the period9904 | €11,530 | €819,588 | €926,332 | €2.3m | ▲ 152% |
| Profit (loss) for the period to be appropriated9905 | €11,530 | €819,588 | €926,332 | €2.3m | ▲ 152% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €4.3m | €4.4m | €4.7m | €4.9m | ▲ 5.8% |
| Fixed assets21/28 | €4.2m | €4.2m | €4.2m | €4.2m | = |
| Financial fixed assets28 | €4.2m | €4.2m | €4.2m | €4.2m | = |
| Current assets29/58 | €65,526 | €168,603 | €442,654 | €714,588 | ▲ 61.4% |
| Amounts receivable within one year40/41 | €20,000 | €168,486 | €95,287 | €158,577 | ▲ 66.4% |
| Trade receivables40 | €20,000 | €168,486 | €95,287 | €53,370 | ▼ 44.0% |
| Other amounts receivable41 | - | - | - | €105,207 | - |
| Current investments50/53 | €45,526 | €117 | €347,366 | €550,195 | ▲ 58.4% |
| Deferred charges and accrued income490/1 | - | - | - | €5,816 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €4.3m | €4.4m | €4.7m | €4.9m | ▲ 5.8% |
| Equity10/15 | €41,530 | €864,452 | €1.8m | €4.1m | ▲ 130% |
| Contributions10/11 | €30,000 | €33,334 | €33,334 | €33,334 | = |
| Reserves13 | €11,530 | €831,118 | €1.8m | €4.1m | ▲ 133% |
| Distributable reserves133 | €11,530 | €831,118 | €1.8m | €4.1m | ▲ 133% |
| Amounts payable17/49 | €4.2m | €3.5m | €2.9m | €800,964 | ▼ 72.0% |
| Amounts payable after more than one year17 | €1.2m | €976,586 | €766,831 | €556,158 | ▼ 27.5% |
| Financial debts170/4 | €1.2m | €976,586 | €766,831 | €556,158 | ▼ 27.5% |
| Amounts payable within one year42/48 | €3.0m | €2.5m | €2.1m | €244,806 | ▼ 88.3% |
| Current portion of amounts payable after more than one year42 | €207,945 | €208,846 | €209,756 | €210,673 | ▲ 0.4% |
| Trade debts44 | €2,774 | €147 | €18,628 | €21,645 | ▲ 16.2% |
| Suppliers440/4 | €2,774 | €147 | €18,628 | €21,645 | ▲ 16.2% |
| Taxes, remuneration and social security45 | €3,843 | €49,309 | €44,424 | €12,489 | ▼ 71.9% |
| Taxes450/3 | €3,843 | €49,309 | €44,424 | €11,737 | ▼ 73.6% |
| Remuneration and social security454/9 | - | - | - | €752 | - |
| Other amounts payable47/48 | €2.8m | €2.3m | €1.8m | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,530 | €819,588 | €926,332 | €2.3m | ▲ 152% |
| Operating cash flow (approximation) | €11,530 | €819,588 | €926,332 | €2.3m | ▲ 152% |
| Investment in fixed assets (approximation) | - | €0 | -€11,400 | €0 | ▲ 100% |
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
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 30 days late
2025
31-12
Financial
Highest result since 2022net €2.3m ▲152%
Operating result €2.4m, net result €2.3m, both a record.
31-12
Financial
Liquidity times 14current ratio 2.92
Current ratio from 0.21 to 2.92; short-term debt falls from €2.1m to €244,806.
31-12
Financial
Equity above €2mEq €4.1m ▲130%
4 profitable years in a row build equity to €4.1m.
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 30 days late
2024
31-12
Financial
Equity above €1mEq €1.8m ▲107%
3 profitable years in a row build equity to €1.8m.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
31-12
Financial
Equity above €500,000Eq €864,452 ▲1,982%
2 profitable years in a row build equity to €864,452.
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Kortrijk · 1 establishment unit since 2022
Ground area
1,685 m²
Building footprint
219 m²
Volume, LiDAR
1 m³
Parcel 34007A0154/00K000, Flanders · tallest building 0.1 m. Linked by address, not a title deed.
1 establishment unit
LSA & Partners
since 20222.328.218.249
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34007A0154/00K000 | Flanders | 1,685 m² | 1 · 219 m² | 0.1 m |
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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
100%
According to the 2025 annual accounts of LSA & Partners and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Company details
Identification
Legal formPrivate limited company
Founded25-01-2022
Fiscal year end31-12
Activities, NACEBEL 2025
69101Activities of lawyers
E-invoicing
Reachable via Peppol
Peppol ID
0208:0780870388
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.