LV BAKE OFF SERVICE
ActiveSummary
LV BAKE OFF SERVICE has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €292k and a net result of €150k. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 93% of 37956 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
87
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+63
Solvency100=
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 3.61 against 0.23 in 2023; short-term debt: 5.5% and cash: 0.4% of total assets), and 5.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers 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
Sector 70
lower
← 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 2024Solvency, return and age of the figures
Solvency
94.5%
Return on assets
48.5%
Age of the figures
21 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €292k
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 16-07-2025, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
15 d early
2023
29 d late
2022
18 d late
2021
9 d late
2020
23 d early
2019
4 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€292k▲ 45.6%
2023 · €201k
2018: €205k
2019: €204k
2020: €203k
2021: €202k
2022: €201k
2023: €201k
2018 → 2024
Total assets
€309k▲ 18.0%
2023 · €262k
2018: €265k
2019: €264k
2020: €263k
2021: €262k
2022: €262k
2023: €262k
2018 → 2024
Net result
€150k
2023 · €-677
2018: €-2k
2019: €-698
2020: €-1k
2021: €-781
2022: €-754
2023: €-677
2018 → 2024
Working capital
€44k
2023 · €-47k
2018: €-45k
2019: €-44k
2020: €-45k
2021: €-46k
2022: €-47k
2023: €-47k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€203k-€202k▼ 0.4%€201k▼ 0.4%€201k▼ 0.3%€292k▲ 45.6%
Operating result€-3k-€-2k▲ 43.9%€-682▲ 56.4%€-532▲ 22.0%€-3k▼ 388%
Net result€-1k-€-781▲ 47.8%€-754▲ 3.4%€-677▲ 10.2%€150k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3k in 2024 against €532 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €309k
Fixed assets
€248k =
Current assets
€61k ▲ 338%
Equity and liabilities €309k
Equity
€292k ▲ 45.6%
Debt
€17k ▼ 72.3%
Debt's share of the balance-sheet total falls from 23.4% to 5.5%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
3.61▲
2023 · 0.23
Debt to equity
0.06▼
2023 · 0.31
ROE
51.3%▲
2023 · -0.3%
ROA
48.5%▲
2023 · -0.3%
Debt ≤ 1 year
€17k▼
2023 · €61k
Income taxes
€15k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 46 lines
Balance sheet
Code20232024
Assets
Total assets20/58€262k€309k▲
Formation expenses20€0€0=
Fixed assets21/28€248k€248k=
Tangible fixed assets22/27€0€0=
Land and buildings22€0€0=
Plant, machinery and equipment23€0€0=
Furniture and vehicles24€0€0=
Financial fixed assets28€248k€248k=
Current assets29/58€14k€61k▲
Amounts receivable within one year40/41€13k-
Other amounts receivable41€13k-
Current investments50/53-€60k
Cash at bank and in hand54/58€908€1k▲
Equity and liabilities
Total equity and liabilities10/49€262k€309k▲
Equity10/15€201k€292k▲
Contributions10/11€19k€19k=
Reserves13€9k€159k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€7k€157k▲
Profit (loss) carried forward14€173k€115k▼
Amounts payable17/49€61k€17k▼
Amounts payable within one year42/48€61k€17k▼
Trade debts44€557€940▲
Suppliers440/4€557€940▲
Advances received on contracts in progress46€1k€1k=
Taxes, remuneration and social security45€302€15k▲
Taxes450/3€302€15k▲
Other amounts payable47/48€59k-
Income statement
Code20232024
Other operating charges640/8€516€603▲
Gross operating margin9900€-16€-2k▼
Operating profit (loss)9901€-532€-3k▼
Financial income75/76B-€167k
Recurring financial income75-€167k
Financial charges65/66B€145€52▼
Recurring financial charges65€145€52▼
Profit (loss) for the period before taxes9903€-677€165k▲
Income taxes67/77-€15k
Profit (loss) for the period9904€-677€150k▲
Profit (loss) for the period to be appropriated9905€-677€150k▲
Appropriation of the result
Profit (loss) to be appropriated9906€173k€323k▲
Profit (loss) brought forward from the previous period14P€174k€173k▼
Transfer to equity691/2-€150k
To other reserves6921-€150k
Profit to be distributed694/7-€58k
Return on contributions (dividend)694-€58k
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €150k
Net result €150k after 6 loss-making years.
31-12
Financial
Liquidity times 16current ratio 3.61
Current ratio from 0.23 to 3.61; short-term debt falls from €61k to €17k.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 18 days late
2022
09-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 9 days late
2021
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
04-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 4 days late
2019
24-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 55 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 29 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, Aalst · 1 establishment unit since 1998
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.
Kerkhoflaan 489300 AalstGround area
160 m²
Building footprint
77 m²
Parcel 41002B0278/00V007, Flanders. Linked by address, not a title deed.
1 establishment unit
Kerkhoflaan 48, 9300 Aalst
since 19982.103.109.458
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41002B0278/00V007 | Flanders | 160 m² | 1 · 77 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
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GUERINO
BE 1009.040.322
Liège · Eq €292,078
KAMOURASKA
BE 0462.503.819
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SL-Roads
BE 0701.786.486
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Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 38,297 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-02-1998
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.