LSD CONCEPT
ActiveThe computed 12-month bankruptcy probability of LSD CONCEPT is 2.1% (moderate). The 2024 annual accounts show equity of €20k and a net result of €56k. Equity is growing by ~15.8% per year across the filed fiscal years. Its solvency ranks better than 32% of 18941 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. The bankruptcy probability (2.1%) counts for 35% and brings the score to 59. A confirmed filing finding caps the score. Each of these causes sets the same score on its own. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability86▲+3
Solvency32▲+20
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Liquidity ample (current ratio 1.82 against 0.81 in 2023; short-term debt: 53.5% and cash: 34.5% of total assets), but 93.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
6.9%
Return on assets
19.2%
Age of the figures
20 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-11-2025, 111 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
111 d late
2023
54 d late
2022
322 d late
2021
346 d late
2020
387 d late
2019
144 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€20k
2023 · €-36k
2018: €3k
2019: €6k
2020: €6k
2021: €9k
2022: €-68k
2023: €-36k
2018 → 2024
Total assets
€291k▲ 1.9%
2023 · €285k
2018: €357k
2019: €334k
2020: €271k
2021: €309k
2022: €268k
2023: €285k
2018 → 2024
Net result
€56k▲ 75.3%
2023 · €32k
2018: €-12k
2019: €3k
2020: €-219
2021: €3k
2022: €-77k
2023: €32k
2018 → 2024
Working capital
€127k
2023 · €-40k
2018: €-11k
2019: €-11k
2020: €-4k
2021: €-6k
2022: €-67k
2023: €-40k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€6k-€9k▲ 51.6%€-68k€-36k▲ 47.1%€20k
Operating result€1k-€6k▲ 433%€-73k€35k€-34k
Net result€-219-€3k€-77k€32k€56k▲ 75.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €34k after €35k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €291k
Fixed assets
€8k▼ 92.9%
Current assets
€282k▲ 68.3%
Equity and liabilities €291k
Equity
€20k
Debt
€271k
Debt finances 93.1% of the balance-sheet total.
Key figures and ratios
Solvency
6.9%▲
2023 · -12.5%
Current ratio
1.82▲
2023 · 0.81
Quick ratio
1.82▲
2023 · 0.80
Debt / equity
13.43▲
2023 · -8.97
ROE
277.7%
ROA
19.2%▲
2023 · 11.2%
Debt
€271k▼
2023 · €321k
Debt ≤ 1 year
€155k▼
2023 · €207k
Debt > 1 year
€115k▲
2023 · €114k
Staff costs
€14k▼
2023 · €22k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€285k€291k▲
Fixed assets21/28€117k€8k▼
Intangible fixed assets21€52k-
Tangible fixed assets22/27€57k-
Plant, machinery and equipment23€14k-
Furniture and vehicles24€3k-
Other tangible fixed assets26€41k-
Financial fixed assets28€8k€8k=
Current assets29/58€168k€282k▲
Amounts receivable after more than one year29-€80k
Trade receivables290-€80k
Stocks and contracts in progress3€2k-
Stocks30/36€2k-
Amounts receivable within one year40/41€99k€101k▲
Trade receivables40€15k€9k▼
Other amounts receivable41€85k€93k▲
Cash at bank and in hand54/58€67k€100k▲
Deferred charges and accrued income490/1-€370
Equity and liabilities
Total equity and liabilities10/49€285k€291k▲
Equity10/15€-36k€20k▲
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-44k€12k▲
Amounts payable17/49€321k€271k▼
Amounts payable after more than one year17€114k€115k▲
Financial debts170/4€114k€102k▼
Other amounts payable178/9-€14k
Amounts payable within one year42/48€207k€155k▼
Current portion of amounts payable after more than one year42€12k€12k=
Trade debts44€88k€54k▼
Suppliers440/4€88k€54k▼
Advances received on contracts in progress46-€5k
Taxes, remuneration and social security45€20k€6k▼
Taxes450/3€20k€5k▼
Remuneration and social security454/9-€899
Other amounts payable47/48€87k€79k▼
Income statement
Code20232024
Remuneration, social security and pensions62€22k€14k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34k-
Other operating charges640/8€8k€10k▲
Non-recurring operating charges66A€2k€8k▲
Gross operating margin9900€101k€-1k▼
Operating profit (loss)9901€35k€-34k▼
Financial income75/76B€0€91k▲
Recurring financial income75€0€376▲
Non-recurring financial income76B-€91k
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€32k€56k▲
Profit (loss) for the period9904€32k€56k▲
Profit (loss) for the period to be appropriated9905€32k€56k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-44k€12k▲
Profit (loss) brought forward from the previous period14P€-76k€-44k▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
03-09
State Gazette act
General meeting · Registered-office moveGeneral meeting · Registered-office move2 facts ▸
State Gazette act
General meeting · Registered-office move
General meeting · Registered-office move2 facts ▸
- General meeting, 2026-06-30
- Registered-office move, Grand'Place, 24 à 7700 Mouscron
2025
19-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 111 days late
2024
31-12
Financial
Highest result since 2018net €56k ▲75.3%
Net result €56k, the highest in the series.
31-12
Financial
Liquidity doublescurrent ratio 1.82
Current ratio from 0.81 to 1.82; short-term debt falls from €207k to €155k.
23-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 54 days late
17-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 322 days late
2023
31-12
Financial
Back to profitnet €32k
Net result €32k after one loss-making year.
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 346 days late
2022
31-12
Financial
Weakest financial yearnet €-77k ▼2635%
Net result drops to €-77k, the lowest in the series; recovery starts the following year.
22-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 387 days late
2021
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
2020
22-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 144 days late
2019
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
26-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 118 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 354 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Mouscron · 1 establishment unit since 2016
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.
Marktplein 247700 MouscronGround area
1,394 m²
Building footprint
122 m²
Volume, LiDAR
1,058 m³
2 parcels, Wallonia · tallest building 12.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
LSD CONCEPT
since 20162.255.160.819
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 54436A0002/00R000 | Wallonia | 1,264 m² | 1 · 68 m² | 10.3 m · 2 fl. |
| 54432C0043/00H000 | Wallonia | 130 m² | 1 · 54 m² | 12.7 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 20,506 companies in sector 56111 we hold annual accounts for 11,453. 8,793 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-07-2016
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
56301Cafés and bars
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.