LSGe
ActiveSummary
The computed 12-month bankruptcy probability of LSGe is 1.5% (moderate). The 2024 annual accounts show equity of €81,643 and a net result of €37,796. Its solvency ranks better than 88% of 6159 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency100▲+19
Growth52
Track record94
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 4.18 against 2.18 in 2023; short-term debt: 23.4% and cash: 86.3% of total assets), and 23.4% of the assets are financed with debt.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-05-2025, 70 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
70 d early
2023
37 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 54 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 48% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€81,643▲ 86.2%
2023 · €43,847
Total assets
€106,541▲ 36.0%
2023 · €78,334
Net result
€37,796▼ 8.6%
2023 · €41,347
Working capital
€79,243▲ 95.0%
2023 · €40,647
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
Line20232024
Operating result€52,324-€47,642▼ 8.9%
Net result€41,347-€37,796▼ 8.6%
Equity€43,847-€81,643▲ 86.2%
Total assets€78,334-€106,541▲ 36.0%
Debt€34,487-€24,897▼ 27.8%
Working capital€40,647-€79,243▲ 95.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 9% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €106,541
Fixed assets
€2,400 ▼ 25.0%
Current assets
€104,141 ▲ 38.6%
Equity and liabilities €106,541
Equity
€81,643 ▲ 86.2%
Debt
€24,897 ▼ 27.8%
Debt's share of the balance-sheet total falls from 44.0% to 23.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€48,442▼
2023 · €53,124
Cash flow
€38,596▼
2023 · €42,147
Current ratio
4.18▲
2023 · 2.18
Quick ratio
3.97▲
2023 · 2.04
Debt to equity
0.30▼
2023 · 0.79
ROE
46.3%▼
2023 · 94.3%
ROA
35.5%▼
2023 · 52.8%
Interest coverage
120.08▼
2023 · 252.50
Debt ≤ 1 year
€24,897▼
2023 · €34,487
Income taxes
€10,083▼
2023 · €10,893
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €800 | €800 | = |
| Other operating charges640/8 | €1,660 | €1,381 | ▼ 16.8% |
| Gross operating margin9900 | €54,784 | €49,823 | ▼ 9.1% |
| Operating profit (loss)9901 | €52,324 | €47,642 | ▼ 8.9% |
| Financial income75/76B | €126 | €641 | ▲ 408% |
| Recurring financial income75 | €126 | €641 | ▲ 408% |
| Financial charges65/66B | €210 | €403 | ▲ 91.7% |
| Recurring financial charges65 | €210 | €403 | ▲ 91.7% |
| Profit (loss) for the period before taxes9903 | €52,240 | €47,879 | ▼ 8.3% |
| Income taxes67/77 | €10,893 | €10,083 | ▼ 7.4% |
| Profit (loss) for the period9904 | €41,347 | €37,796 | ▼ 8.6% |
| Profit (loss) for the period to be appropriated9905 | €41,347 | €37,796 | ▼ 8.6% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €78,334 | €106,541 | ▲ 36.0% |
| Fixed assets21/28 | €3,200 | €2,400 | ▼ 25.0% |
| Intangible fixed assets21 | €3,200 | €2,400 | ▼ 25.0% |
| Current assets29/58 | €75,134 | €104,141 | ▲ 38.6% |
| Stocks and contracts in progress3 | €4,925 | €5,206 | ▲ 5.7% |
| Stocks30/36 | €4,925 | €5,206 | ▲ 5.7% |
| Amounts receivable within one year40/41 | €6,611 | €7,039 | ▲ 6.5% |
| Trade receivables40 | €2,500 | €2,120 | ▼ 15.2% |
| Other amounts receivable41 | €4,111 | €4,920 | ▲ 19.7% |
| Cash at bank and in hand54/58 | €63,598 | €91,895 | ▲ 44.5% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €78,334 | €106,541 | ▲ 36.0% |
| Equity10/15 | €43,847 | €81,643 | ▲ 86.2% |
| Contributions10/11 | €2,500 | €2,500 | = |
| Reserves13 | €41,347 | €79,143 | ▲ 91.4% |
| Distributable reserves133 | €41,347 | €79,143 | ▲ 91.4% |
| Amounts payable17/49 | €34,487 | €24,897 | ▼ 27.8% |
| Amounts payable within one year42/48 | €34,487 | €24,897 | ▼ 27.8% |
| Trade debts44 | €9,619 | €3,559 | ▼ 63.0% |
| Suppliers440/4 | €9,619 | €3,559 | ▼ 63.0% |
| Advances received on contracts in progress46 | €3,884 | €2,262 | ▼ 41.8% |
| Taxes, remuneration and social security45 | €4,074 | €7,836 | ▲ 92.4% |
| Taxes450/3 | €4,074 | €7,836 | ▲ 92.4% |
| Other amounts payable47/48 | €16,911 | €11,241 | ▼ 33.5% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €41,347 | €37,796 | ▼ 8.6% |
| + Depreciation and write-downs630 | €800 | €800 | = |
| Operating cash flow (approximation) | €42,147 | €38,596 | ▼ 8.4% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | €28,297 | - |
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
2025
22-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
NBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Begijnendijk · 1 establishment unit since 2023
Ground area
258 m²
Building footprint
127 m²
Volume, LiDAR
706 m³
Parcel 24007A0314/00A002, Flanders · tallest building 10.2 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
LSGe
since 20232.340.305.835
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24007A0314/00A002 | Flanders | 258 m² | 1 · 127 m² | 10.2 m · 1 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.
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Of 24,865 companies in sector 96220 we hold annual accounts for 1,439. 1,050 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
Founded13-01-2023
Fiscal year end31-12
Activities, NACEBEL 2025
96220Beauty care and other beauty treatments
Scores and ratios are computed by Checked and are not a credit decision.