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LV OUVRAGE

Active
Private limited company (pre-2019)founded 20179 years activeParnassusgaarde 11, 1050 Elsene, BelgiumKBO/BCE: BE 0677.907.165
Summary

The computed 12-month bankruptcy probability of LV OUVRAGE is ≥ 25% (high). The 2024 annual accounts show equity of €35,530 and a net result of €6,983. Equity is growing by ~18.1% per year across the filed fiscal years. Its solvency ranks better than 43% of 291 sector peers (NACE 78, fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).

Overview

Activity
Employment placement agencies
NACE 78100Manufacture of food products NACE 10111
2 sites
Size
€510,733turnover 2024
Equity
€35,530
Profit
€6,983
Financial health
11 Critical Checked score 2024
Bankruptcy probability, 12 months
≥ 25%
Structure
Accounts 68 days overdue0 of 8 deeds read
Why 11- 2 changes of registered office in 24 months- Figures for FY 2024 (filed 05-10-2025)- 1 financial year not filed after the legal deadline; latest accounts 66 days late; 3 of the last 3 late- Ex-officio strike-off in the KBOShow the evidence

Checked score

Score 2024
11 / 100
Critical
Probability in this band: over 15.0%
Financially better than 38% of its sector peers (NACE 78, micro)
Financial strength · tick = 2023
Weak
Solvency 51+11
equity 25.9% of total assets
Liquidity 29-19
short-term debt 66.9%
Profitability 38-28
return on assets 5.1%
Bankruptcy probability, 12 months
≥ 25% High
0%0.5%1.5%4%10%≥ 25%

About 1 in 3 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (1,371 companies)
Last 24 months 11-2024: 7.7%lowest value 12-2024: 8.5%▲ +0.8 percentage points vs 11-2024 01-2025: 10.3%▲ +1.8 percentage points vs 12-2024 02-2025: 10.3%● unchanged vs 01-2025 03-2025: 10.7%▲ +0.4 percentage points vs 02-2025 04-2025: 15.6%▲ +4.9 percentage points vs 03-2025 05-2025: 15.6%● unchanged vs 04-2025 06-2025: 15.4%▼ -0.2 percentage points vs 05-2025 07-2025: 15.4%● unchanged vs 06-2025 08-2025: ≥ 25%▲ +14.5 percentage points vs 07-2025 09-2025: ≥ 25%● unchanged vs 08-2025 10-2025: ≥ 25%● unchanged vs 09-2025 11-2025: 18.2%▼ -11.7 percentage points vs 10-2025 12-2025: 18.2%● unchanged vs 11-2025 01-2026: 18.2%● unchanged vs 12-2025 02-2026: 18.2%● unchanged vs 01-2026 03-2026: 19.0%▲ +0.8 percentage points vs 02-2026 04-2026: 18.9%▼ -0.1 percentage points vs 03-2026 05-2026: 18.7%▼ -0.2 percentage points vs 04-2026 06-2026: 18.4%▼ -0.3 percentage points vs 05-2026 07-2026: 17.8%▼ -0.6 percentage points vs 06-2026 08-2026: 21.0%▲ +3.2 percentage points vs 07-2026 09-2026: 23.9%▲ +2.9 percentage points vs 08-2026 10-2026: ≥ 25%▲ +6.2 percentage points vs 09-2026highest value
No credit on open account
Liquidity short (current ratio 0.98 against 1.03 in 2023; short-term debt: 66.9% of total assets), and 74.1% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 78, micro): better than 36% on solvency, 18% on liquidity, 26% on profitability and 71% on growth.

The bankruptcy probability was computed on 06-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
+raises risk○neutral
raises risk · 2 changes of registered office in 24 months
Belgian State Gazette
raises risk · Figures for FY 2024 (filed 05-10-2025)
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; latest accounts 66 days late; 3 of the last 3 late
NBB · filings
raises risk · Ex-officio strike-off in the KBO
KBO publications
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-10-2025, 66 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 filings
Deviation from the deadline
2025
not confirmed
2024
66 days late
2023
431 days late
2022
137 days late
2021
206 days late
2020
227 days late
2019
602 days 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 278 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 30% of the sector filed late.

raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publications
Publications
Address struck
  1. Annual accounts filedfiscal year 2024 · full…
  2. Annual accounts filedfiscal year 2023 · full…
  3. Address struckKBO administration

Key points

  • Caution: Among the weakest 18% on equitysector median €567,123 · 291 companies €35,530 View
  • Caution: Accounts not fileddeadline was 31-07-2026 68 days late View
  • Turnover 20242 fiscal years filed €510,733 View

By topic

Financials

Fiscal year
2024
Turnover
€510,733
Profit
€6,983
Solvency
25.9%
Turnover▲ 8.6%
Net result
20232024
Go to Financials

Timeline

Events
11
Since
2020
  1. 31-12-2023Back to profit
  2. 15-12-2023Annual accounts filed
  3. 22-02-2023Annual accounts filed
Go to Timeline

Company details

Sites
2
Legal form
Private limited company (pre-2019)
Activity
Employment placement agenciesNACE 78100
Founded
05-07-2017
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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