LSDC FRANCHISING
ActiveLSDC FRANCHISING has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €71k and a net result of €1k. Equity is growing by ~8.1% per year across the filed fiscal years. Its solvency ranks better than 15% of 5989 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
44
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability32▼-4
Solvency36▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days only on tighter terms
Liquidity tight (current ratio 1.11 against 1.14 in 2023; short-term debt: 89.2% and cash: 12.2% of total assets), and 89.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← 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
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
10.8%
Return on assets
0.2%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 5989 sector peers (2024).
NBB · sector comparisonPosition among 5989 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 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 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
31 d late
2022
24 d late
2021
30 d late
2020
25 d late
2019
90 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€1k
2023 · €-191
2018: €21k
2019: €9k
2020: €29k
2021: €20k
2022: €-22k
2023: €-191
2018 → 2024
Working capital
€67k▼ 4.2%
2023 · €70k
2018: €15k
2019: €26k
2020: €31k
2021: €65k
2022: €53k
2023: €70k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€73k-€92k▲ 25.2%€70k▼ 23.5%€70k▼ 0.3%€71k▲ 1.8%
Operating result€68k-€55k▼ 19.5%€-7k€19k€21k▲ 11.7%
Net result€29k-€20k▼ 29.7%€-22k€-191▲ 99.1%€1k
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 12% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €659k
Fixed assets
€5k▼ 40.0%
Current assets
€655k▲ 17.9%
Equity and liabilities €659k
Equity
€71k▲ 1.8%
Debt
€588k▲ 19.3%
The debt ratio rises from 87.6% to 89.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€24k▼
2023 · €29k
Cash flow
€4k▼
2023 · €10k
Solvency
10.8%▼
2023 · 12.4%
Current ratio
1.11▼
2023 · 1.14
Quick ratio
1.09▼
2023 · 1.10
Debt / equity
8.27▲
2023 · 7.06
ROE
1.8%▲
2023 · -0.3%
ROA
0.2%▲
2023 · 0.0%
Interest coverage
1.56▼
2023 · 2.04
Debt
€588k▲
2023 · €493k
Debt ≤ 1 year
€588k▲
2023 · €486k
Income taxes
€4k▼
2023 · €5k
Staff costs
€192k▼
2023 · €193k
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€563k€659k▲
Fixed assets21/28€8k€5k▼
Intangible fixed assets21€415€348▼
Tangible fixed assets22/27€7k€4k▼
Plant, machinery and equipment23€1k€783▼
Other tangible fixed assets26€6k€3k▼
Current assets29/58€555k€655k▲
Stocks and contracts in progress3€20k€13k▼
Stocks30/36€20k€13k▼
Amounts receivable within one year40/41€387k€526k▲
Trade receivables40€387k€526k▲
Other amounts receivable41-€146
Cash at bank and in hand54/58€116k€80k▼
Deferred charges and accrued income490/1€33k€35k▲
Equity and liabilities
Total equity and liabilities10/49€563k€659k▲
Equity10/15€70k€71k▲
Contributions10/11€42k€42k=
Reserves13€50k€50k=
Non-distributable reserves130/1€4k€4k=
Reserves not available under the articles1311€4k€4k=
Distributable reserves133€45k€45k=
Profit (loss) carried forward14€-22k€-20k▲
Amounts payable17/49€493k€588k▲
Amounts payable within one year42/48€486k€588k▲
Current portion of amounts payable after more than one year42€10k€16k▲
Trade debts44€321k€386k▲
Suppliers440/4€321k€386k▲
Taxes, remuneration and social security45€66k€69k▲
Taxes450/3€42k€48k▲
Remuneration and social security454/9€23k€20k▼
Other amounts payable47/48€89k€117k▲
Accrued charges and deferred income492/3€7k€0▼
Income statement
Code20232024
Remuneration, social security and pensions62€193k€192k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€3k▼
Other operating charges640/8€17k€18k▲
Gross operating margin9900€239k€233k▼
Operating profit (loss)9901€19k€21k▲
Financial income75/76B€13€3▼
Recurring financial income75€13€3▼
Financial charges65/66B€14k€15k▲
Recurring financial charges65€14k€15k▲
Profit (loss) for the period before taxes9903€5k€6k▲
Income taxes67/77€5k€4k▼
Profit (loss) for the period9904€-191€1k▲
Profit (loss) for the period to be appropriated9905€-191€1k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-22k€-20k▲
Profit (loss) brought forward from the previous period14P€-22k€-22k▼
Social balance
Average headcount (FTE)90874.04.0=
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 31 days late
2024
31-12
Financial
Back to profitnet €1k
Net result €1k after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 31 days late
2023
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 24 days late
2022
31-12
Financial
Weakest financial yearnet €-22k ▼207%
Net result drops to €-22k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 30 days late
2021
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 25 days late
2020
31-12
Financial
Highest result since 2018net €29k ▲219%
Operating result €68k, net result €29k, both a record.
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 90 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Ottignies-Louvain-la-Neuve · 1 establishment unit since 2011
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.
Grand-Place 231348 Ottignies-Louvain-la-NeuveGround area
1,629 m²
Building footprint
1,034 m²
Parcel 25386B0065/05C000, Wallonia. Linked by address, not a title deed.
1 establishment unit
LSDC Franchising
since 20112.209.807.775
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25386B0065/05C000 | Wallonia | 1,629 m² | 1 · 1,034 m² | - |
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.
Similar companies · same sector, comparable size
ABELINDO
BE 0881.960.226
Sint-Pieters-Woluwe · Eq €74k
SOLASTA
BE 0744.993.256
Liège · Eq €64k
MABECO
BE 0473.188.071
Gent · Eq €104k
BE HOME EUROPE
BE 0704.779.828
Nivelles · Eq €41k
Meester In Glas
BE 0817.664.468
Bocholt · Eq €36k
Of 61 companies in sector 46441 we hold annual accounts for 40. 23 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded15-12-2011
Fiscal year end31-12
Activities, NACEBEL
46441Wholesale trade
77400Rental and leasing activities
47120Other non-specialised retail sale
47559Retail sale of other household articles
47599Retail trade
47910Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.