LSDARCHITECTEN
ActiveSummary
LSDARCHITECTEN has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €164,961 and a net result of €23,564. Equity is growing by ~18% per year across the filed fiscal years. Its solvency ranks better than 25% of 9537 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▲+8
Solvency50▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity tight (current ratio 1.01 against 1.57 in 2024; short-term debt: 14.2% and cash: 9.6% of total assets), and 75.4% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% 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 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
24.6%
Return on assets
3.5%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 9537 sector peers (2025).
NBB · sector comparisonPosition among 9537 sector peers
Solvency
better than 25%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-12-2025, 33 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
33 d early
2024
32 d early
2023
16 d early
2022
29 d early
2021
68 d early
2020
25 d early
2019
23 d early
← 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 32 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€164,961▲ 4.0%
2024 · €158,597
Total assets
€669,626▲ 2.9%
2024 · €650,638
Net result
€23,564▲ 6.9%
2024 · €22,046
Working capital
€976▼ 97.2%
2024 · €34,272
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€82,835▲ 216%€35,785▼ 56.8%€56,416▲ 57.7%€46,252▼ 18.0%€42,917▼ 7.2%
Net result€56,701▲ 230%€20,933▼ 63.1%€31,961▲ 52.7%€22,046▼ 31.0%€23,564▲ 6.9%
Equity€101,437▲ 127%€122,370▲ 20.6%€136,551▲ 11.6%€158,597▲ 16.1%€164,961▲ 4.0%
Total assets€305,078▲ 31.2%€309,147▲ 1.3%€683,506▲ 121%€650,638▼ 4.8%€669,626▲ 2.9%
Debt€203,640▲ 8.4%€186,777▼ 8.3%€546,955▲ 193%€492,041▼ 10.0%€504,666▲ 2.6%
Working capital€106,148▲ 107%€120,092▲ 13.1%€53,286▼ 55.6%€34,272▼ 35.7%€976▼ 97.2%
Staff (FTE)11=
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 two years in a row; 2025 is 7% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €669,626
Fixed assets
€573,617 ▲ 3.1%
Current assets
€96,009 ▲ 1.8%
Equity and liabilities €669,626
Equity
€164,961 ▲ 4.0%
Debt
€504,666 ▲ 2.6%
Debt's share of the balance-sheet total falls from 75.6% to 75.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€68,256▲
2024 · €67,341
Cash flow
€48,903▲
2024 · €43,135
Current ratio
1.01▼
2024 · 1.57
Debt to equity
3.06▼
2024 · 3.10
ROE
14.3%▲
2024 · 13.9%
ROA
3.5%▲
2024 · 3.4%
Interest coverage
5.63▲
2024 · 4.73
Debt ≤ 1 year
€95,033▲
2024 · €60,001
Debt > 1 year
€408,127▼
2024 · €431,450
Income taxes
€10,348▲
2024 · €9,961
Staff costs
€37,796▲
2024 · €30,596
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,500 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 97% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.2%
went bankrupt
1.6%
stopped otherwise
97%
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 0.2% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.6% |
| 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 74% 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 4,500 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €13,491 | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €30,596 | €37,796 | ▲ 23.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,096 | €11,734 | €15,778 | €21,089 | €25,339 | ▲ 20.2% |
| Other operating charges640/8 | - | €817 | €522 | €2,620 | €1,435 | ▼ 45.2% |
| Gross operating margin9900 | €93,978 | €48,335 | €72,715 | €100,557 | €107,486 | ▲ 6.9% |
| Operating profit (loss)9901 | €82,835 | €35,785 | €56,416 | €46,252 | €42,917 | ▼ 7.2% |
| Financial income75/76B | - | €213 | €552 | €0 | €3,125 | ▲ 15,624,350% |
| Recurring financial income75 | €914 | €213 | €552 | €0 | €3,125 | ▲ 15,624,350% |
| Financial charges65/66B | - | €2,429 | €10,907 | €14,245 | €12,130 | ▼ 14.8% |
| Recurring financial charges65 | €4,693 | €2,429 | €10,907 | €14,245 | €12,130 | ▼ 14.8% |
| Profit (loss) for the period before taxes9903 | €79,055 | €33,569 | €46,060 | €32,007 | €33,912 | ▲ 5.9% |
| Income taxes67/77 | €22,354 | €12,636 | €14,100 | €9,961 | €10,348 | ▲ 3.9% |
| Profit (loss) for the period9904 | €56,701 | €20,933 | €31,961 | €22,046 | €23,564 | ▲ 6.9% |
| Profit (loss) for the period to be appropriated9905 | €56,701 | €20,933 | €31,961 | €22,046 | €23,564 | ▲ 6.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €305,078 | €309,147 | €683,506 | €650,638 | €669,626 | ▲ 2.9% |
| Fixed assets21/28 | €149,680 | €147,227 | €539,501 | €556,365 | €573,617 | ▲ 3.1% |
| Tangible fixed assets22/27 | €149,680 | €147,227 | €539,501 | €556,365 | €573,617 | ▲ 3.1% |
| Land and buildings22 | - | €114,000 | €506,260 | €504,669 | €490,213 | ▼ 2.9% |
| Plant, machinery and equipment23 | - | €5,131 | €6,413 | €18,708 | €51,234 | ▲ 174% |
| Furniture and vehicles24 | - | €5,551 | €6,154 | €8,625 | €10,272 | ▲ 19.1% |
| Other tangible fixed assets26 | - | €22,545 | €20,674 | €24,364 | €21,898 | ▼ 10.1% |
| Current assets29/58 | €155,398 | €161,920 | €144,005 | €94,273 | €96,009 | ▲ 1.8% |
| Amounts receivable within one year40/41 | €32,162 | €69,716 | €36,159 | €35,420 | €26,311 | ▼ 25.7% |
| Trade receivables40 | - | €59,227 | €23,242 | €30,095 | €26,311 | ▼ 12.6% |
| Other amounts receivable41 | - | €10,489 | €12,917 | €5,325 | - | - |
| Cash at bank and in hand54/58 | €119,888 | €88,811 | €105,336 | €55,671 | €64,343 | ▲ 15.6% |
| Deferred charges and accrued income490/1 | - | €3,392 | €2,511 | €3,182 | €5,355 | ▲ 68.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €305,078 | €309,147 | €683,506 | €650,638 | €669,626 | ▲ 2.9% |
| Equity10/15 | €101,437 | €122,370 | €136,551 | €158,597 | €164,961 | ▲ 4.0% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €93,541 | €114,474 | €128,655 | €150,701 | €157,064 | ▲ 4.2% |
| Non-distributable reserves130/1 | - | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €0 | - | - | - |
| Distributable reserves133 | - | €112,614 | €128,655 | €150,701 | €157,064 | ▲ 4.2% |
| Profit (loss) carried forward14 | €1,696 | €1,696 | €1,696 | €1,696 | €1,696 | = |
| Amounts payable17/49 | €203,640 | €186,777 | €546,955 | €492,041 | €504,666 | ▲ 2.6% |
| Amounts payable after more than one year17 | €154,110 | €144,394 | €454,199 | €431,450 | €408,127 | ▼ 5.4% |
| Financial debts170/4 | - | €144,394 | €454,199 | €431,450 | €408,127 | ▼ 5.4% |
| Amounts payable within one year42/48 | €49,250 | €41,828 | €90,719 | €60,001 | €95,033 | ▲ 58.4% |
| Current portion of amounts payable after more than one year42 | - | €19,697 | €22,193 | €27,823 | €28,612 | ▲ 2.8% |
| Trade debts44 | €8,044 | €9,413 | €21,060 | €6,018 | €15,201 | ▲ 153% |
| Suppliers440/4 | - | €9,413 | €21,060 | €6,018 | €15,201 | ▲ 153% |
| Taxes, remuneration and social security45 | - | €12,717 | €29,687 | €15,973 | €27,265 | ▲ 70.7% |
| Taxes450/3 | - | €8,467 | €25,437 | €10,496 | €20,201 | ▲ 92.5% |
| Remuneration and social security454/9 | - | €4,250 | €4,250 | €5,477 | €7,064 | ▲ 29.0% |
| Other amounts payable47/48 | - | - | €17,780 | €10,187 | €23,955 | ▲ 135% |
| Accrued charges and deferred income492/3 | - | €555 | €2,037 | €590 | €1,506 | ▲ 155% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €56,701 | €20,933 | €31,961 | €22,046 | €23,564 | ▲ 6.9% |
| + Depreciation and write-downs630 | €10,096 | €11,734 | €15,778 | €21,089 | €25,339 | ▲ 20.2% |
| Operating cash flow (approximation) | €66,797 | €32,667 | €47,738 | €43,135 | €48,903 | ▲ 13.4% |
| Investment in fixed assets (approximation) | - | -€9,281 | -€408,051 | -€37,953 | -€42,591 | ▼ 12.2% |
| Change in cash | - | -€31,077 | €16,524 | -€49,665 | €8,672 | ▲ 117% |
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
2025
29-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
30-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Equity above €150,000Eq €158,597 ▲16.1%
6 profitable years in a row build equity to €158,597.
15-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
02-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
24-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Highest result since 2019net €56,701 ▲230%
Operating result €82,835, net result €56,701, both a record.
30-06
Financial
Equity above €100,000Eq €101,437 ▲127%
3 profitable years in a row build equity to €101,437.
06-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
08-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
03-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
28-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
09-12
NBB filing
Annual accounts filed
fiscal year 2016 · 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
3 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, Keerbergen · 1 establishment unit since 2013
Ground area
831 m²
Building footprint
207 m²
Volume, LiDAR
11 m³
Parcel 24472E0169/00P002, Flanders · tallest building 1.4 m. Linked by address, not a title deed.
1 establishment unit
LSDArchitecten
since 20132.216.247.090
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24472E0169/00P002 | Flanders | 831 m² | 1 · 206 m² | 1.4 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.
Similar companies · same sector, comparable size
AUDE ARCHITECTES
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Folk. Architecture & Urbanisme
BE 0787.857.556
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QUADRANT
BE 0460.785.335
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ARCHITECTEN SERVAES-PIETERS
BE 0444.286.031
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Of 18,252 companies in sector 71111 we hold annual accounts for 6,320. 5,282 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
Founded21-12-2012
Fiscal year end30-06
Activities, NACEBEL 2025
71111Activities of building architects
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
71112Activities of interior architects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0508710758
Also
9925:BE0508710758
Registered
31-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.