LV TECHNICS
Open bankruptcySummary
A bankruptcy procedure is open for LV TECHNICS according to publications in the Belgian State Gazette. The 2024 annual accounts show negative equity (€-550k) and a net result of €-458k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-550k
neutral · Filed after the deadline
The financial year that closed on 30-09-2024 was due by 30-04-2025 and was filed on 09-05-2025, 9 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 · 10 filingsDeviation from the deadline
2025
not filed
2024
9 d late
2023
338 d late
2022
295 d late
2021
30 d early
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€-550k▼ 499%
2023 · €-92k
2018: €295k
2019: €297k▲ +0.7% vs 2018highest in 7 years
2020: €263k▼ -11.6% vs 2019
2021: €261k▼ -0.8% vs 2020
2022: €134k▼ -48.5% vs 2021
2023: €-92k▼ -168% vs 2022
2024: €-550k▼ -499% vs 2023lowest in 7 years
2018 → 2024
Total assets
€747k▼ 41.1%
2023 · €1.27M
2018: €1.14M
2019: €959k▼ -15.6% vs 2018
2020: €1.22M▲ +27.2% vs 2019
2021: €1.20M▼ -1.4% vs 2020
2022: €1.24M▲ +3.1% vs 2021
2023: €1.27M▲ +2.2% vs 2022highest in 7 years
2024: €747k▼ -41.1% vs 2023lowest in 7 years
2018 → 2024
Net result
€-458k▼ 103%
2023 · €-226k
2018: €5k
2019: €10k▲ +119% vs 2018highest in 7 years
2020: €-34k▼ -442% vs 2019
2021: €-2k▲ +94.0% vs 2020
2022: €-126k▼ -6024% vs 2021
2023: €-226k▼ -78.6% vs 2022
2024: €-458k▼ -103% vs 2023lowest in 7 years
2018 → 2024
Working capital
€-763k▼ 131%
2023 · €-331k
2018: €165khighest in 7 years
2019: €161k▼ -2.1% vs 2018
2020: €92k▼ -42.8% vs 2019
2021: €81k▼ -12.5% vs 2020
2022: €-68k▼ -184% vs 2021
2023: €-331k▼ -385% vs 2022
2024: €-763k▼ -131% vs 2023lowest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€263k-€261k▼ 0.8%€134k▼ 48.5%€-92k€-550k▼ 499%
2020: €263khighest in 5 years
2021: €261k▼ -0.8% vs 2020
2022: €134k▼ -48.5% vs 2021
2023: €-92k▼ -168% vs 2022
2024: €-550k▼ -499% vs 2023lowest in 5 years
Operating result€-30k-€5k€-121k€-221k▼ 82.0%€-447k▼ 103%
2020: €-30k
2021: €5k▲ +115% vs 2020highest in 5 years
2022: €-121k▼ -2729% vs 2021
2023: €-221k▼ -82.0% vs 2022
2024: €-447k▼ -103% vs 2023lowest in 5 years
Net result€-34k-€-2k▲ 94.0%€-126k▼ 6,024%€-226k▼ 78.6%€-458k▼ 103%
2020: €-34k
2021: €-2k▲ +94.0% vs 2020highest in 5 years
2022: €-126k▼ -6024% vs 2021
2023: €-226k▼ -78.6% vs 2022
2024: €-458k▼ -103% vs 2023lowest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €447k in 2024 against €221k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €747k
Fixed assets
€214k ▼ 18.8%
Current assets
€533k ▼ 47.0%
Key figures and ratios
EBITDA
€-398k▼
2023 · €-191k
Cash flow
€-408k▼
2023 · €-196k
Solvency
-73.6%▼
2023 · -7.2%
Current ratio
0.41▼
2023 · 0.75
Quick ratio
0.26▼
2023 · 0.41
Debt to equity
-2.36▲
2023 · -14.83
ROA
-61.3%▼
2023 · -17.8%
Interest coverage
-38.29▼
2023 · -35.39
Debt
€1.30M▼
2023 · €1.36M
Debt ≤ 1 year
€1.30M▼
2023 · €1.34M
Debt > 1 year
€0▼
2023 · €24k
Staff costs
€762k▼
2023 · €904k
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 · 51 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.27M€747k▼
Fixed assets21/28€263k€214k▼
Intangible fixed assets21€8k€0▼
Tangible fixed assets22/27€255k€214k▼
Land and buildings22€20k€0▼
Plant, machinery and equipment23€30k€29k▼
Furniture and vehicles24€205k€184k▼
Current assets29/58€1.01M€533k▼
Stocks and contracts in progress3€459k€198k▼
Stocks30/36€459k€198k▼
Amounts receivable within one year40/41€544k€333k▼
Trade receivables40€453k€332k▼
Other amounts receivable41€91k€2k▼
Deferred charges and accrued income490/1€2k€2k=
Equity and liabilities
Total equity and liabilities10/49€1.27M€747k▼
Equity10/15€-92k€-550k▼
Contributions10/11€124k€124k=
Capital10€124k€124k=
Issued capital100€124k€124k=
Reserves13€168k€168k=
Non-distributable reserves130/1€12k€12k=
Legal reserve130€12k€12k=
Distributable reserves133€155k€155k=
Profit (loss) carried forward14€-383k€-841k▼
Amounts payable17/49€1.36M€1.30M▼
Amounts payable after more than one year17€24k€0▼
Financial debts170/4€24k€0▼
Amounts payable within one year42/48€1.34M€1.30M▼
Current portion of amounts payable after more than one year42€19k€15k▼
Financial debts43€73k€64k▼
Credit institutions430/8-€64k
Other loans439€73k-
Trade debts44€579k€577k▼
Suppliers440/4€579k€577k▼
Taxes, remuneration and social security45€204k€300k▲
Taxes450/3€139k€232k▲
Remuneration and social security454/9€65k€68k▲
Other amounts payable47/48€460k€340k▼
Income statement
Code20232024
Remuneration, social security and pensions62€904k€762k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€49k▲
Other operating charges640/8€5k€4k▼
Gross operating margin9900€718k€368k▼
Operating profit (loss)9901€-221k€-447k▼
Financial charges65/66B€5k€10k▲
Recurring financial charges65€5k€10k▲
Profit (loss) for the period before taxes9903€-226k€-458k▼
Profit (loss) for the period9904€-226k€-458k▼
Profit (loss) for the period to be appropriated9905€-226k€-458k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-383k€-841k▼
Profit (loss) brought forward from the previous period14P€-157k€-383k▼
Social balance
Average headcount (FTE)908716.315.8▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €814k | €904k | €762k | ▼ 15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20k | €23k | €19k | €30k | €49k | ▲ 65.4% |
| Other operating charges640/8 | - | - | €3k | €5k | €4k | ▼ 14.8% |
| Gross operating margin9900 | €786k | €845k | €715k | €718k | €368k | ▼ 48.8% |
| Operating profit (loss)9901 | €-30k | €5k | €-121k | €-221k | €-447k | ▼ 103% |
| Financial income75/76B | - | - | €21 | - | - | - |
| Recurring financial income75 | €0 | €0 | €21 | - | - | - |
| Financial charges65/66B | - | - | €5k | €5k | €10k | ▲ 93.0% |
| Recurring financial charges65 | €4k | €7k | €5k | €5k | €10k | ▲ 93.0% |
| Profit (loss) for the period before taxes9903 | €-34k | €-2k | €-126k | €-226k | €-458k | ▼ 103% |
| Profit (loss) for the period9904 | €-34k | €-2k | €-126k | €-226k | €-458k | ▼ 103% |
| Profit (loss) for the period to be appropriated9905 | €-34k | €-2k | €-126k | €-226k | €-458k | ▼ 103% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.22M | €1.20M | €1.24M | €1.27M | €747k | ▼ 41.1% |
| Fixed assets21/28 | €201k | €190k | €293k | €263k | €214k | ▼ 18.8% |
| Intangible fixed assets21 | €8k | €8k | €8k | €8k | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €193k | €181k | €285k | €255k | €214k | ▼ 16.2% |
| Land and buildings22 | - | - | €20k | €20k | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | - | €34k | €30k | €29k | ▼ 2.2% |
| Furniture and vehicles24 | - | - | €231k | €205k | €184k | ▼ 10.0% |
| Current assets29/58 | €1.02M | €1.01M | €948k | €1.01M | €533k | ▼ 47.0% |
| Stocks and contracts in progress3 | €362k | €404k | €419k | €459k | €198k | ▼ 56.9% |
| Stocks30/36 | - | - | €419k | €459k | €198k | ▼ 56.9% |
| Amounts receivable within one year40/41 | €637k | €495k | €486k | €544k | €333k | ▼ 38.8% |
| Trade receivables40 | - | - | €395k | €453k | €332k | ▼ 26.9% |
| Other amounts receivable41 | - | - | €91k | €91k | €2k | ▼ 98.0% |
| Cash at bank and in hand54/58 | €18k | €112k | €42k | - | - | - |
| Deferred charges and accrued income490/1 | - | - | €2k | €2k | €2k | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.22M | €1.20M | €1.24M | €1.27M | €747k | ▼ 41.1% |
| Equity10/15 | €263k | €261k | €134k | €-92k | €-550k | ▼ 499% |
| Contributions10/11 | €124k | €124k | €124k | €124k | €124k | = |
| Capital10 | - | - | €124k | €124k | €124k | = |
| Issued capital100 | - | - | €124k | €124k | €124k | = |
| Reserves13 | €168k | €168k | €168k | €168k | €168k | = |
| Non-distributable reserves130/1 | - | - | €12k | €12k | €12k | = |
| Legal reserve130 | - | - | €12k | €12k | €12k | = |
| Distributable reserves133 | - | - | €155k | €155k | €155k | = |
| Profit (loss) carried forward14 | €-29k | €-31k | €-157k | €-383k | €-841k | ▼ 119% |
| Amounts payable17/49 | €957k | €943k | €1.11M | €1.36M | €1.30M | ▼ 4.7% |
| Amounts payable after more than one year17 | €31k | €10k | €91k | €24k | €0 | ▼ 100% |
| Financial debts170/4 | - | - | €91k | €24k | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €927k | €933k | €1.02M | €1.34M | €1.30M | ▼ 3.0% |
| Current portion of amounts payable after more than one year42 | - | - | €12k | €19k | €15k | ▼ 18.3% |
| Financial debts43 | - | - | €0 | €73k | €64k | ▼ 13.0% |
| Credit institutions430/8 | - | - | €0 | - | €64k | - |
| Other loans439 | - | - | - | €73k | - | - |
| Trade debts44 | €432k | €427k | €398k | €579k | €577k | ▼ 0.5% |
| Suppliers440/4 | - | - | €398k | €579k | €577k | ▼ 0.5% |
| Taxes, remuneration and social security45 | - | - | €136k | €204k | €300k | ▲ 47.2% |
| Taxes450/3 | - | - | €75k | €139k | €232k | ▲ 66.8% |
| Remuneration and social security454/9 | - | - | €61k | €65k | €68k | ▲ 5.0% |
| Other amounts payable47/48 | - | - | €469k | €460k | €340k | ▼ 26.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-34k | €-2k | €-126k | €-226k | €-458k | ▼ 103% |
| + Depreciation and write-downs630 | €20k | €23k | €19k | €30k | €49k | ▲ 65.4% |
| Operating cash flow (approximation) | €-14k | €21k | €-107k | €-196k | €-408k | ▼ 108% |
| Investment in fixed assets (approximation) | - | €-12k | €-123k | €0 | €0 | - |
| Change in cash | - | €94k | €-70k | - | - | - |
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
30-05
Bankruptcy
Opening
Ondernemingsrechtbank Leuven · event 22-05-2025
09-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 9 days late
03-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 338 days late
2024
30-09
Financial
Weakest financial yearnet €-458k
Net result drops to €-458k, the lowest in the series.
19-02
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 295 days late
2022
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
30-09
Financial
Highest result since 2018net €10k ▲119%
Operating result €17k, net result €10k, both a record.
27-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
19-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 113 days late
2016
29-04
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Leuven · 1 establishment unit since 1995
Ground area
1,735 m²
Building footprint
302 m²
Volume, LiDAR
1,874 m³
2 parcels, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Sint-Hadrianusstraat 27, 3018 Leuven
since 19952.071.176.068
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24038B0092/00K003 | Flanders | 924 m² | 1 · 131 m² | 9.3 m · 2 fl. |
| 24038B0089/00X000 | Flanders | 810 m² | 1 · 171 m² | 8.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
3 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | DIRK DE MAESENEER ENGELS PLEIN 35,
3000 LEUVEN |
22-05-2025 → present |
| Curator | SVEN DE MAESE-
NEER ENGELS PLEIN 35, 3000 LEUVEN- |
22-05-2025 → present |
| Curator | STEVEN NYSTEN ENGELS
PLEIN 35, 3000 LEUVEN |
22-05-2025 → present |
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Of 11,546 companies in sector 71121 we hold annual accounts for 6,561. 5,242 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded29-03-1995
Fiscal year end30-09
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
24100Manufacture of basic metals
43211General electrical installation work
Scores and ratios are computed by Checked and are not a credit decision.