LSG Management
ActiveSummary
For LSG Management, at least two filing cycles of the annual accounts are missing. The 2022 annual accounts show negative equity (-€65,273) and a net result of -€96,091. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 4218 sector peers (fiscal year 2022). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
No current score
Figures too old
The available figures for FY 2022 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2022 · tick = 2021
Profitability0▼-24
Solvency9▼-23
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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 2022Solvency, return and age of the figures
Solvency
-15.8%
Return on assets
-23.3%
Age of the figures
45 mo
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
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 4 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline30-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 31-08-2023, 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
31 d late
2021
31 d late
2020
240 d late
2019
31 d late
← 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 83 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 (1)
History
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Financials · fiscal year 2022, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€96,091
2021 · €1,120
Working capital
€73,298▼ 57.5%
2021 · €172,388
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2019202020212022
Operating result€13,808-€22,049▲ 59.7%€3,387▼ 84.6%-€82,754
Net result€3,670-€7,429within the sector's middle half▲ 102%€1,120below the sector's middle half▼ 84.9%-€96,091below the sector's middle half
Equity€22,270-€29,698below the sector's middle half▲ 33.4%€30,818below the sector's middle half▲ 3.8%-€65,273below the sector's middle half
Total assets€214,107-€425,779within the sector's middle half▲ 98.9%€472,554within the sector's middle half▲ 11.0%€412,902within the sector's middle half▼ 12.6%
Debt€191,837-€396,081▲ 106%€441,735▲ 11.5%€478,175▲ 8.2%
Working capital€106,360-€224,614within the sector's middle half▲ 111%€172,388within the sector's middle half▼ 23.3%€73,298within the sector's middle half▼ 57.5%
Solvency10.4%-7.0%below the sector's middle half▼ 3.4pp6.5%below the sector's middle half▼ 0.5pp-15.8%below the sector's middle half▼ 22.3pp
Current ratio6.26-3.00above the sector's middle half▼ 3.261.86within the sector's middle half▼ 1.141.24within the sector's middle half▼ 0.62
Return on assets (ROA)1.7%-1.7%within the sector's middle half=0.2%within the sector's middle half▼ 1.5pp-23.3%below the sector's middle half▼ 23.5pp
Staff (FTE)0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2022: a loss of €82,754 after €3,387 in 2021, the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €412,902
Fixed assets
€36,429 ▼ 63.3%
Current assets
€376,473 ▲ 0.9%
Key figures and ratios
EBITDA
-€81,798▼
2021 · €7,540
Cash flow
-€95,136▼
2021 · €5,274
Debt to equity
-7.33▼
2021 · 14.33
Interest coverage
-5.76▼
2021 · 0.60
Debt ≤ 1 year
€303,175▲
2021 · €200,908
Debt > 1 year
€175,000▼
2021 · €233,223
Income taxes
€7,126▲
2021 · €0
Staff costs
€0▼
2021 · €36
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €1,678 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | - | €36 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,066 | €4,154 | €4,154 | €956 | ▼ 77.0% |
| Other operating charges640/8 | - | - | €7,083 | €4,880 | ▼ 31.1% |
| Gross operating margin9900 | €36,500 | €34,052 | €14,659 | -€76,918 | ▼ 625% |
| Operating profit (loss)9901 | €13,808 | €22,049 | €3,387 | -€82,754 | ▼ 2,544% |
| Financial income75/76B | - | - | €11,082 | €9,923 | ▼ 10.5% |
| Recurring financial income75 | €1,442 | €10,419 | €11,082 | €9,923 | ▼ 10.5% |
| Financial charges65/66B | - | - | €13,348 | €16,135 | ▲ 20.9% |
| Recurring financial charges65 | €7,330 | €9,606 | €12,538 | €14,204 | ▲ 13.3% |
| Non-recurring financial charges66B | - | - | €810 | €1,931 | ▲ 138% |
| Profit (loss) for the period before taxes9903 | €7,920 | €19,346 | €1,120 | -€88,966 | ▼ 8,045% |
| Income taxes67/77 | €4,250 | €11,918 | €0 | €7,126 | - |
| Profit (loss) for the period9904 | €3,670 | €7,429 | €1,120 | -€96,091 | ▼ 8,681% |
| Profit (loss) for the period to be appropriated9905 | €3,670 | €7,429 | €1,120 | -€96,091 | ▼ 8,681% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €214,107 | €425,779 | €472,554 | €412,902 | ▼ 12.6% |
| Fixed assets21/28 | €87,522 | €88,976 | €99,257 | €36,429 | ▼ 63.3% |
| Intangible fixed assets21 | €1,073 | €793 | €513 | €233 | ▼ 54.5% |
| Tangible fixed assets22/27 | €80,399 | €77,126 | €88,687 | €26,138 | ▼ 70.5% |
| Land and buildings22 | - | - | €61,873 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | €1,379 | €703 | ▼ 49.0% |
| Assets under construction and advance payments27 | - | - | €25,435 | €25,435 | = |
| Financial fixed assets28 | €6,050 | €11,057 | €10,057 | €10,057 | = |
| Current assets29/58 | €126,585 | €336,803 | €373,296 | €376,473 | ▲ 0.9% |
| Amounts receivable within one year40/41 | €123,269 | €332,195 | €373,290 | €375,390 | ▲ 0.6% |
| Trade receivables40 | - | - | €96 | €8,406 | ▲ 8,613% |
| Other amounts receivable41 | - | - | €373,193 | €366,985 | ▼ 1.7% |
| Cash at bank and in hand54/58 | €3,316 | €603 | €7 | €1,083 | ▲ 16,134% |
| Deferred charges and accrued income490/1 | - | - | €0 | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €214,107 | €425,779 | €472,554 | €412,902 | ▼ 12.6% |
| Equity10/15 | €22,270 | €29,698 | €30,818 | -€65,273 | ▼ 312% |
| Contributions10/11 | €18,600 | - | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | €3,670 | €11,098 | €12,218 | -€83,873 | ▼ 786% |
| Amounts payable17/49 | €191,837 | €396,081 | €441,735 | €478,175 | ▲ 8.2% |
| Amounts payable after more than one year17 | €166,689 | €283,892 | €233,223 | €175,000 | ▼ 25.0% |
| Financial debts170/4 | - | - | €58,223 | €0 | ▼ 100% |
| Other amounts payable178/9 | - | - | €175,000 | €175,000 | = |
| Amounts payable within one year42/48 | €20,225 | €112,189 | €200,908 | €303,175 | ▲ 50.9% |
| Current portion of amounts payable after more than one year42 | - | - | €5,670 | €0 | ▼ 100% |
| Trade debts44 | €8,682 | €10,966 | €51,443 | €157,178 | ▲ 206% |
| Suppliers440/4 | - | - | €51,443 | €157,178 | ▲ 206% |
| Taxes, remuneration and social security45 | - | - | €12,940 | €16,542 | ▲ 27.8% |
| Taxes450/3 | - | - | €12,940 | €16,542 | ▲ 27.8% |
| Other amounts payable47/48 | - | - | €130,855 | €129,455 | ▼ 1.1% |
| Accrued charges and deferred income492/3 | - | - | €7,605 | €0 | ▼ 100% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,670 | €7,429 | €1,120 | -€96,091 | ▼ 8,681% |
| + Depreciation and write-downs630 | €18,066 | €4,154 | €4,154 | €956 | ▼ 77.0% |
| Operating cash flow (approximation) | €21,736 | €11,582 | €5,274 | -€95,136 | ▼ 1,904% |
| Investment in fixed assets (approximation) | - | -€5,608 | -€14,435 | €61,873 | ▲ 529% |
| Change in cash | - | -€2,713 | -€596 | €1,076 | ▲ 281% |
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
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet -€96,091
Net result drops to -€96,091, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
28-03
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 240 days late
2020
31-12
Financial
Highest result since 2019net €7,429 ▲102%
Operating result €22,049, net result €7,429, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
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, Verviers · 1 establishment unit since 2018
Ground area
1,947 m²
Building footprint
155 m²
Volume, LiDAR
2,418 m³
Parcel 63079A0697/00S003, Wallonia · tallest building 16.7 m, ±5 floors. Linked by address, not a title deed.
21
companies at this address
See who is registered here
1 establishment unit
LSG Management
since 20182.283.462.449
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63079A0697/00S003 ProtectedMonument |
Wallonia | 1,947 m² | 1 · 154 m² | 16.7 m · 5 fl. |
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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 82,641 companies in sector 70200 we hold annual accounts for 52,636. 34,609 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 (pre-2019)
Founded26-11-2018
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0713867441
Also
9925:BE0713867441
Registered
19-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.