LV GROUP
ActiveSummary
LV GROUP has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €86,534 and a net result of €2,486. Equity is growing by ~17.5% per year across the filed fiscal years. Its solvency ranks better than 95% of 36370 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability72▼-5
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 12.26 against 8.11 in 2023; short-term debt: 7.3% and cash: 11.9% of total assets), and 7.3% 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-09-2025, 32 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
32 d late
2023
29 d late
2022
46 d late
2021
61 d late
2020
100 d late
2019
61 d late
← 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 55 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€2,486▼ 58.9%
2023 · €6,055
Working capital
€76,305▲ 1.7%
2023 · €75,002
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€8,260▼ 2.7%€18,560▲ 125%€17,903▼ 3.5%€12,664▼ 29.3%€6,078▼ 52.0%
Net result€7,559within the sector's middle half€18,473within the sector's middle half▲ 144%€17,932within the sector's middle half▼ 2.9%€6,055within the sector's middle half▼ 66.2%€2,486within the sector's middle half▼ 58.9%
Equity€41,588below the sector's middle half▲ 22.2%€60,061within the sector's middle half▲ 44.4%€77,993within the sector's middle half▲ 29.9%€84,048within the sector's middle half▲ 7.8%€86,534within the sector's middle half▲ 3.0%
Total assets€99,337below the sector's middle half▲ 167%€66,808below the sector's middle half▼ 32.7%€94,588below the sector's middle half▲ 41.6%€94,599within the sector's middle half=€93,311within the sector's middle half▼ 1.4%
Debt€57,749▲ 1,736%€6,747▼ 88.3%€16,595▲ 146%€10,551▼ 36.4%€6,777▼ 35.8%
Working capital€40,805within the sector's middle half▲ 26.7%€59,670within the sector's middle half▲ 46.2%€71,002within the sector's middle half▲ 19.0%€75,002within the sector's middle half▲ 5.6%€76,305within the sector's middle half▲ 1.7%
Solvency41.9%within the sector's middle half▼ 49.7pp89.9%above the sector's middle half▲ 48.0pp82.5%above the sector's middle half▼ 7.4pp88.8%above the sector's middle half▲ 6.4pp92.7%above the sector's middle half▲ 3.9pp
Current ratio1.71within the sector's middle half▼ 9.539.84above the sector's middle half▲ 8.148.60above the sector's middle half▼ 1.248.11above the sector's middle half▼ 0.4912.26above the sector's middle half▲ 4.15
Return on assets (ROA)7.6%within the sector's middle half▲ 8.8pp27.7%above the sector's middle half▲ 20.0pp19.0%above the sector's middle half▼ 8.7pp6.4%within the sector's middle half▼ 12.6pp2.7%within the sector's middle half▼ 3.7pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2024 is 52% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €93,311
Fixed assets
€10,229 ▲ 13.1%
Current assets
€83,082 ▼ 2.9%
Equity and liabilities €93,311
Equity
€86,534 ▲ 3.0%
Debt
€6,777 ▼ 35.8%
Debt's share of the balance-sheet total falls from 11.2% to 7.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€13,109▼
2023 · €17,863
Cash flow
€9,517▼
2023 · €11,254
Quick ratio
9.64▲
2023 · 6.33
Debt to equity
0.08▼
2023 · 0.13
ROE
2.9%▼
2023 · 7.2%
Interest coverage
83.50▲
2023 · 26.04
Debt ≤ 1 year
€6,777▼
2023 · €10,551
Income taxes
€3,444▼
2023 · €5,923
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,048 companies that looked in July 2024 the way this one looks now, 2.2% went bankrupt within 24 months and 94% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
2.2%
went bankrupt
3.8%
stopped otherwise
94%
still going
For this company itself Checked computes a bankruptcy probability of 1.2% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 5,048 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 | €2,224 | €392 | €1,744 | €5,199 | €7,031 | ▲ 35.2% |
| Other operating charges640/8 | - | €1,804 | €673 | €1,057 | €922 | ▼ 12.8% |
| Non-recurring operating charges66A | - | - | €18 | - | - | - |
| Gross operating margin9900 | €11,611 | €20,756 | €20,338 | €18,920 | €14,031 | ▼ 25.8% |
| Operating profit (loss)9901 | €8,260 | €18,560 | €17,903 | €12,664 | €6,078 | ▼ 52.0% |
| Financial income75/76B | - | - | - | - | €9 | - |
| Recurring financial income75 | - | - | - | - | €9 | - |
| Financial charges65/66B | - | €87 | €460 | €686 | €157 | ▼ 77.1% |
| Recurring financial charges65 | €281 | €87 | €460 | €686 | €157 | ▼ 77.1% |
| Profit (loss) for the period before taxes9903 | €7,979 | €18,473 | €17,443 | €11,978 | €5,930 | ▼ 50.5% |
| Income taxes67/77 | €420 | - | -€489 | €5,923 | €3,444 | ▼ 41.9% |
| Profit (loss) for the period9904 | €7,559 | €18,473 | €17,932 | €6,055 | €2,486 | ▼ 58.9% |
| Profit (loss) for the period to be appropriated9905 | €7,559 | €18,473 | €17,932 | €6,055 | €2,486 | ▼ 58.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €99,337 | €66,808 | €94,588 | €94,599 | €93,311 | ▼ 1.4% |
| Fixed assets21/28 | €783 | €391 | €14,245 | €9,046 | €10,229 | ▲ 13.1% |
| Tangible fixed assets22/27 | €783 | €391 | €14,245 | €9,046 | €10,229 | ▲ 13.1% |
| Furniture and vehicles24 | - | €391 | €14,245 | €9,046 | €10,229 | ▲ 13.1% |
| Current assets29/58 | €98,554 | €66,417 | €80,343 | €85,553 | €83,082 | ▼ 2.9% |
| Stocks and contracts in progress3 | - | €20,150 | €21,499 | €18,749 | €17,784 | ▼ 5.1% |
| Stocks30/36 | - | €20,150 | €21,499 | €18,749 | €17,784 | ▼ 5.1% |
| Amounts receivable within one year40/41 | €27,103 | €42,394 | €44,358 | €40,752 | €52,172 | ▲ 28.0% |
| Trade receivables40 | - | €32,948 | €38,480 | €34,990 | €34,806 | ▼ 0.5% |
| Other amounts receivable41 | - | €9,446 | €5,878 | €5,762 | €17,366 | ▲ 201% |
| Cash at bank and in hand54/58 | €71,451 | €3,873 | €11,454 | €26,052 | €11,138 | ▼ 57.2% |
| Deferred charges and accrued income490/1 | - | - | €3,032 | - | €1,988 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €99,337 | €66,808 | €94,588 | €94,599 | €93,311 | ▼ 1.4% |
| Equity10/15 | €41,588 | €60,061 | €77,993 | €84,048 | €86,534 | ▲ 3.0% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | €6,200 | €6,200 | - | - | - |
| Issued capital100 | - | €18,600 | €18,600 | - | - | - |
| Uncalled capital101 | - | €12,400 | €12,400 | - | - | - |
| Outside capital11 | - | - | - | €6,200 | - | - |
| Other1109/19 | - | - | - | €6,200 | - | - |
| Profit (loss) carried forward14 | €35,388 | €53,861 | €71,793 | €77,848 | €80,334 | ▲ 3.2% |
| Amounts payable17/49 | €57,749 | €6,747 | €16,595 | €10,551 | €6,777 | ▼ 35.8% |
| Amounts payable after more than one year17 | - | - | €7,254 | - | - | - |
| Financial debts170/4 | - | - | €7,254 | - | - | - |
| Amounts payable within one year42/48 | €57,749 | €6,747 | €9,341 | €10,551 | €6,777 | ▼ 35.8% |
| Current portion of amounts payable after more than one year42 | - | - | €9,341 | €7,254 | €5,224 | ▼ 28.0% |
| Trade debts44 | €53,367 | €5,748 | - | - | - | - |
| Suppliers440/4 | - | €5,748 | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €3,297 | €1,553 | ▼ 52.9% |
| Taxes450/3 | - | - | - | €3,297 | €1,553 | ▼ 52.9% |
| Other amounts payable47/48 | - | €999 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,559 | €18,473 | €17,932 | €6,055 | €2,486 | ▼ 58.9% |
| + Depreciation and write-downs630 | €2,224 | €392 | €1,744 | €5,199 | €7,031 | ▲ 35.2% |
| Operating cash flow (approximation) | €9,783 | €18,865 | €19,676 | €11,254 | €9,517 | ▼ 15.4% |
| Investment in fixed assets (approximation) | - | €0 | -€15,598 | €0 | -€8,214 | - |
| Change in cash | - | -€67,578 | €7,581 | €14,598 | -€14,914 | ▼ 202% |
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
01-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 32 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
15-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 46 days late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 61 days late
2021
31-12
Financial
Liquidity times 6current ratio 9.84
Current ratio from 1.71 to 9.84; short-term debt falls from €57,749 to €6,747.
08-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 100 days late
2020
31-12
Financial
Back to profitnet €7,559
Net result €7,559 after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 61 days late
2019
31-12
Financial
Weakest financial yearnet -€432
Net result drops to -€432, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 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
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Aalst · 1 establishment unit since 2018
Ground area
304 m²
Building footprint
101 m²
Volume, LiDAR
600 m³
Parcel 41014A1377/00X000, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
LV GROUP
since 20182.272.344.467
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41014A1377/00X000 | Flanders | 304 m² | 1 · 101 m² | 10.3 m · 2 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 8,459 companies in this sector we hold annual accounts for 3,237. 2,630 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded15-12-2017
Fiscal year end31-12
Activities, NACEBEL 2025
43120Site preparation
43230Insulation installation
Contact
Website
www.lvgroup.be
E-mail
info@lvgroup.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0685991522
Also
9925:BE0685991522
Registered
12-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.