LV
Annual accounts 2025
abbreviated format, filed on 16-01-2026, 104 days before the deadlineTurnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance sheet
balance sheet total €281,824 on 30-09-2025in euro
in euro
Position in the sector
7.3%
Higher than 11% of 6,700 companies in 2025.
80.1%
Higher than 95% of 6,665 companies in 2025.
Net result: top quarter · Equity: bottom quarter · Balance sheet total: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||
20/58 |
281,824 | 399,589 | 452,486 | 400,247 | 438,049 | 253,562 | 146,570 | 128,075 | |
21/28 |
58,921 | 82,353 | 51,830 | 77,026 | 102,988 | 41,955 | 8,416 | 12,329 | |
22/27 |
58,921 | 82,353 | 51,830 | 77,026 | 102,988 | 41,955 | 8,416 | 12,329 | |
23 |
- | - | 884 | 2,145 | 3,405 | 4,666 | - | - | |
24 |
58,921 | 82,353 | 50,946 | 74,881 | 99,583 | 37,289 | 8,416 | 12,329 | |
29/58 |
222,903 | 317,236 | 400,657 | 323,221 | 335,060 | 211,608 | 138,154 | 115,745 | |
40/41 |
44,107 | 46,730 | 57,576 | 38,518 | 32,742 | 24,789 | 21,094 | 17,646 | |
40 |
40,459 | 41,703 | 57,576 | 38,518 | 30,250 | 24,200 | 17,969 | 17,646 | |
41 |
3,648 | 5,027 | - | - | 2,492 | 589 | 3,125 | - | |
54/58 |
158,296 | 269,717 | 342,581 | 284,204 | 301,819 | 186,319 | 116,560 | 93,100 | |
490/1 |
20,500 | 789 | 500 | 500 | 500 | 500 | 500 | 5,000 | |
| Balance sheet: equity and liabilities | |||||||||
10/49 |
281,824 | 399,589 | 452,486 | 400,247 | 438,049 | 253,562 | 146,570 | 128,075 | |
10/15 |
20,460 | 20,460 | 20,460 | 59,210 | 353,553 | 238,798 | 135,995 | 91,864 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | |
11 |
- | - | - | - | - | 18,600 | - | - | |
1109/19 |
- | - | - | - | - | 18,600 | - | - | |
13 |
1,860 | 1,860 | 1,860 | 40,610 | 334,953 | 220,198 | 117,395 | 73,264 | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | |
1311 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | |
132 |
- | - | - | 38,750 | 38,750 | 38,750 | 38,750 | 38,750 | |
133 |
- | - | - | - | 294,343 | 179,588 | 76,785 | 32,654 | |
17/49 |
261,364 | 379,129 | 432,026 | 341,037 | 84,496 | 14,765 | 10,575 | 36,210 | |
17 |
1,282 | 16,580 | 31,721 | 46,707 | 61,538 | - | - | - | |
170/4 |
1,282 | 16,580 | 31,721 | 46,707 | 61,538 | - | - | - | |
42/48 |
260,082 | 362,549 | 400,305 | 292,769 | 21,396 | 13,327 | 10,575 | 36,210 | |
42 |
15,298 | 15,141 | 14,986 | 14,832 | 13,462 | - | - | - | |
44 |
378 | 309 | 166 | 142 | 218 | 2,412 | 3,854 | 315 | |
440/4 |
378 | 309 | 166 | 142 | 218 | 2,412 | 3,854 | 315 | |
45 |
42,329 | 56,297 | 62,561 | 29,097 | 2,621 | 7,062 | 4,063 | 16,947 | |
450/3 |
42,329 | 56,297 | 62,561 | 29,097 | 2,621 | 7,062 | 4,063 | 12,083 | |
454/9 |
- | - | - | - | - | - | - | 4,864 | |
47/48 |
202,077 | 290,801 | 322,593 | 248,699 | 5,095 | 3,852 | 2,658 | 18,949 | |
492/3 |
- | - | - | 1,561 | 1,561 | 1,438 | - | - | |
| Income statement | |||||||||
76A |
- | 1,500 | - | - | - | - | - | - | |
9900 |
330,334 | 471,235 | 457,187 | 346,598 | 164,992 | 142,611 | 60,761 | 111,973 | |
630 |
27,763 | 29,932 | 25,196 | 25,963 | 14,443 | 6,863 | 3,913 | 3,098 | |
640/8 |
2,446 | 2,118 | 1,695 | 1,908 | 1,069 | 2,185 | 837 | 1,547 | |
9901 |
300,125 | 439,186 | 430,296 | 318,727 | 149,480 | 133,563 | 56,011 | 107,329 | |
75/76B |
3,291 | 1,286 | 0 | - | - | 700 | 39 | - | |
75 |
3,291 | 1,286 | 0 | - | - | 700 | 39 | - | |
65/66B |
299 | 455 | 608 | 695 | 44 | 33 | 33 | 1,227 | |
65 |
299 | 455 | 608 | 695 | 44 | 33 | 33 | 1,227 | |
9903 |
303,117 | 440,017 | 429,687 | 318,032 | 149,435 | 134,230 | 56,018 | 106,101 | |
67/77 |
77,339 | 110,352 | 105,285 | 78,867 | 34,680 | 31,427 | 11,887 | 32,837 | |
9904 |
225,778 | 329,666 | 324,402 | 239,165 | 114,755 | 102,803 | 44,131 | 73,264 | |
789 |
- | - | 38,750 | - | - | - | - | - | |
689 |
- | - | - | - | - | - | - | 38,750 | |
9905 |
225,778 | 329,666 | 363,152 | 239,165 | 114,755 | 102,803 | 44,131 | 34,514 | |
| Appropriation of the result | |||||||||
9906 |
225,778 | 329,666 | 363,152 | 239,165 | 114,755 | 102,803 | 44,131 | 34,514 | |
791/2 |
- | - | - | 294,343 | - | - | - | - | |
691/2 |
- | - | - | - | 114,755 | 102,803 | 44,131 | 34,514 | |
6920 |
- | - | - | - | - | - | - | 1,860 | |
6921 |
- | - | - | - | 114,755 | 102,803 | 44,131 | 32,654 | |
694/7 |
225,778 | 329,666 | 363,152 | 533,508 | - | - | - | - | |
694 |
225,778 | 329,666 | 363,152 | 533,508 | - | - | - | - | |
| Document | |||||||||
The notes to these accounts have 11 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 16-01-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | abbreviated format | 16-01-2026 | 2026-00009954 | |
| 30-09-2024 | abbreviated format | 31-03-2025 | 2025-00061771 | |
| 30-09-2023 | abbreviated format | 18-03-2024 | 2024-00044934 | |
| 30-09-2022 | abbreviated format | 21-03-2023 | 2023-00042415 | |
| 30-09-2021 | abbreviated format | 21-03-2022 | 2022-08100489 | |
| 30-09-2020 | abbreviated format | 23-03-2021 | 2021-08500275 | |
| 30-09-2019 | micro format | 23-03-2020 | 2020-07300306 | |
| 30-09-2018 | micro format | 17-03-2020 | 2020-06800378 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| 4,331 | 60,455 | 0 | 0 | 75,477 | 40,402 | 0 | 15,427 | ||
| -111,421 | -72,864 | 58,377 | -17,615 | 115,500 | 69,759 | 23,460 | - | ||
| 7.3% | 5.1% | 4.5% | 14.8% | 80.7% | 94.2% | 92.8% | 71.7% | ||
| - | - | - | 403.9% | 32.5% | 43.1% | 32.5% | 79.8% | ||
| 80.1% | 82.5% | 71.7% | 59.8% | 26.2% | 40.5% | 30.1% | 57.2% |
A ratio outside any meaningful range has been withheld (balance sheet total €281,824, equity €20,460).
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Securities and guarantees
on own assets and for others| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 |
|---|---|---|---|---|
| Debts secured on the company's own assets | €16,580 | €31,721 | €46,707 | €61,538 |
| Carrying value of the other pledged assets | €14,434 | €29,529 | €44,624 | €59,720 |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €4,331 | €60,455 | - | - |
| €27,763 | €29,932 | €25,196 | €25,963 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on LV
The operating result for 2025 is 32% lower than in 2024 and the lowest since 2021.
Debt's share of the balance-sheet total falls from 94.9% to 92.7%. Debt is lower.