LV CONCEPT
ActiveSummary
LV CONCEPT has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €24,049 and a net result of €20,886. Equity is growing by ~6.9% per year across the filed fiscal years. Its solvency ranks better than 40% of 9521 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+100
Solvency64▼-27
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity ample (current ratio 1.52 against 2.78 in 2023; short-term debt: 54.3% and cash: 45.3% of total assets), but 61% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% 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 2024Solvency, return and age of the figures
Solvency
39%
Return on assets
33.8%
Age of the figures
21 mo
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 23-06-2025, 38 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
36 d early
2022
38 d early
2021
24 d early
2020
29 d early
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 33 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€24,049▲ 51.3%
2023 · €15,895
Total assets
€61,716▲ 157%
2023 · €23,980
Net result
€20,886
2023 · -€3,756
Working capital
€17,252▲ 21.4%
2023 · €14,215
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support 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
Line20202021202220232024
Operating result€8,276▼ 55.0%€2,533▼ 69.4%€909▼ 64.1%-€2,087€30,236
Net result€5,700within the sector's middle half▼ 55.2%€1,190within the sector's middle half▼ 79.1%€27within the sector's middle half▼ 97.7%-€3,756below the sector's middle half€20,886within the sector's middle half
Equity€18,434within the sector's middle half▲ 44.8%€19,624within the sector's middle half▲ 6.5%€19,651within the sector's middle half▲ 0.1%€15,895within the sector's middle half▼ 19.1%€24,049within the sector's middle half▲ 51.3%
Total assets€27,516below the sector's middle half▲ 17.1%€22,066below the sector's middle half▼ 19.8%€24,938below the sector's middle half▲ 13.0%€23,980below the sector's middle half▼ 3.8%€61,716within the sector's middle half▲ 157%
Debt€9,082▼ 15.6%€2,442▼ 73.1%€5,287▲ 117%€8,085▲ 52.9%€37,667▲ 366%
Working capital€17,603▲ 33.8%€18,774▲ 6.7%€17,889▼ 4.7%€14,215▼ 20.5%€17,252▲ 21.4%
Solvency67.0%within the sector's middle half▲ 12.8pp88.9%above the sector's middle half▲ 21.9pp78.8%above the sector's middle half▼ 10.1pp66.3%within the sector's middle half▼ 12.5pp39.0%within the sector's middle half▼ 27.3pp
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €30,236 after a loss of €2,087 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €61,716
Fixed assets
€10,981 ▲ 520%
Current assets
€50,735 ▲ 128%
Equity and liabilities €61,716
Equity
€24,049 ▲ 51.3%
Debt
€37,667 ▲ 366%
Debt's share of the balance-sheet total rises from 33.7% to 61.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€32,901▲
2023 · -€1,271
Cash flow
€23,551▲
2023 · -€2,940
Current ratio
1.52▼
2023 · 2.78
Debt to equity
1.57▲
2023 · 0.51
ROE
86.8%▲
2023 · -23.6%
ROA
33.8%▲
2023 · -15.7%
Interest coverage
17.22▲
2023 · -0.84
Debt ≤ 1 year
€33,483▲
2023 · €7,995
Debt > 1 year
€4,184
Income taxes
€7,439▲
2023 · €155
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,964 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €557 | €700 | €1,293 | €816 | €2,665 | ▲ 227% |
| Other operating charges640/8 | - | €1,557 | €596 | €512 | €679 | ▲ 32.6% |
| Gross operating margin9900 | €9,471 | €4,790 | €2,798 | -€759 | €33,580 | ▲ 4,524% |
| Operating profit (loss)9901 | €8,276 | €2,533 | €909 | -€2,087 | €30,236 | ▲ 1,549% |
| Financial charges65/66B | - | €313 | €572 | €1,514 | €1,911 | ▲ 26.2% |
| Recurring financial charges65 | €166 | €313 | €572 | €1,514 | €1,911 | ▲ 26.2% |
| Profit (loss) for the period before taxes9903 | €8,110 | €2,220 | €337 | -€3,601 | €28,325 | ▲ 887% |
| Income taxes67/77 | €2,410 | €1,030 | €310 | €155 | €7,439 | ▲ 4,699% |
| Profit (loss) for the period9904 | €5,700 | €1,190 | €27 | -€3,756 | €20,886 | ▲ 656% |
| Profit (loss) for the period to be appropriated9905 | €5,700 | €1,190 | €27 | -€3,756 | €20,886 | ▲ 656% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €27,516 | €22,066 | €24,938 | €23,980 | €61,716 | ▲ 157% |
| Fixed assets21/28 | €831 | €850 | €1,762 | €1,770 | €10,981 | ▲ 520% |
| Tangible fixed assets22/27 | €831 | €850 | €1,762 | €1,770 | €10,981 | ▲ 520% |
| Furniture and vehicles24 | - | €850 | €1,762 | €1,770 | €5,640 | ▲ 219% |
| Leasing and similar rights25 | - | - | - | - | €5,341 | - |
| Current assets29/58 | €26,685 | €21,216 | €23,176 | €22,210 | €50,735 | ▲ 128% |
| Amounts receivable within one year40/41 | €3,265 | €4,536 | €5,371 | €9,778 | €20,480 | ▲ 109% |
| Trade receivables40 | - | €3,169 | €5,209 | €7,921 | €20,045 | ▲ 153% |
| Other amounts receivable41 | - | €1,367 | €162 | €1,857 | €435 | ▼ 76.6% |
| Cash at bank and in hand54/58 | €21,041 | €10,040 | €12,668 | €9,849 | €27,960 | ▲ 184% |
| Deferred charges and accrued income490/1 | - | €6,640 | €5,137 | €2,583 | €2,295 | ▼ 11.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €27,516 | €22,066 | €24,938 | €23,980 | €61,716 | ▲ 157% |
| Equity10/15 | €18,434 | €19,624 | €19,651 | €15,895 | €24,049 | ▲ 51.3% |
| Contributions10/11 | - | €1 | €1 | €1 | €1 | = |
| Reserves13 | €18,433 | €19,623 | €19,650 | €19,650 | €24,048 | ▲ 22.4% |
| Distributable reserves133 | - | €19,623 | €19,650 | €19,650 | €24,048 | ▲ 22.4% |
| Profit (loss) carried forward14 | - | - | - | -€3,756 | - | - |
| Amounts payable17/49 | €9,082 | €2,442 | €5,287 | €8,085 | €37,667 | ▲ 366% |
| Amounts payable after more than one year17 | - | - | - | - | €4,184 | - |
| Financial debts170/4 | - | - | - | - | €4,184 | - |
| Amounts payable within one year42/48 | €9,082 | €2,442 | €5,287 | €7,995 | €33,483 | ▲ 319% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €1,264 | - |
| Trade debts44 | €252 | €322 | €397 | €3,595 | €2,241 | ▼ 37.7% |
| Suppliers440/4 | - | €322 | €397 | €3,595 | €2,241 | ▼ 37.7% |
| Taxes, remuneration and social security45 | - | €2,120 | €4,890 | €4,400 | €17,844 | ▲ 306% |
| Taxes450/3 | - | €1,137 | €3,596 | €3,099 | €12,190 | ▲ 293% |
| Remuneration and social security454/9 | - | €983 | €1,294 | €1,301 | €5,654 | ▲ 335% |
| Other amounts payable47/48 | - | - | - | - | €12,134 | - |
| Accrued charges and deferred income492/3 | - | - | - | €90 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,700 | €1,190 | €27 | -€3,756 | €20,886 | ▲ 656% |
| + Depreciation and write-downs630 | €557 | €700 | €1,293 | €816 | €2,665 | ▲ 227% |
| Operating cash flow (approximation) | €6,257 | €1,890 | €1,320 | -€2,940 | €23,551 | ▲ 901% |
| Investment in fixed assets (approximation) | - | -€719 | -€2,205 | -€824 | -€11,876 | ▼ 1,341% |
| Change in cash | - | -€11,001 | €2,628 | -€2,819 | €18,111 | ▲ 742% |
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
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €20,886
Net result €20,886 after one loss-making year.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€3,756
Net result drops to -€3,756, the lowest in the series; recovery starts the following year.
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity triplescurrent ratio 8.69
Current ratio from 2.94 to 8.69; short-term debt falls from €9,082 to €2,442.
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Charleroi · 1 establishment unit since 2019
Ground area
218 m²
Building footprint
51 m²
Volume, LiDAR
446 m³
Parcel 52382A0030/00M148, Wallonia · tallest building 10.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
LV CONCEPT
since 20192.284.132.244
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52382A0030/00M148 | Wallonia | 218 m² | 1 · 51 m² | 10.1 m · 3 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 11,218 companies in sector 82100 we hold annual accounts for 3,509. 2,350 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
Founded18-01-2019
Fiscal year end31-12
Activities, NACEBEL 2025
82100Office administrative and support services
41001General construction of residential buildings
46130Agents in the wholesale of timber and building materials
46140Agents in the wholesale of industrial machinery, ships and aircraft
46150Agents in the wholesale of furniture, household goods and hardware
Contact
E-mail
LV.Concept@hotmail.com
Phone
0496/066283Charleroi
E-invoicing
Reachable via Peppol
Peppol ID
0208:0718897484
Also
9925:BE0718897484
Registered
07-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.