Active BE 0454.867.642Public limited companyOpen bankruptcy

LV TECHNICS

Sint-Hadrianusstraat 25 ·3018 Leuven, Belgium· 31 yrs active

Sector: Engineering activities (71121)

Conclusion Checked

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.

Based on the State Gazette, CBE and 7 annual accounts.

Key figures

Equity	€-550k
Net result	€-458k
Staff (FTE)	15.8
Better than sector	6%

Snowflake analysis 5 axes · computed by Checked

33 / 100

Fragile profile, watch health in particular.

Health 0

Profitability 100

Solvency 33

Growth 32

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

50 / 100

High risk

Components

· Open bankruptcy (+50)

Trust signals 1 signals

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags 0 events

No administrative flags

Health barometer FY 2024 · computed

0 / 100 Critical

050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 09-05-2025 with the NBB · fiscal year 2024 · verkort

Operating resultNet result

Sector comparison

Fiscal year 2024 · NACE 71, Architecture & engineering · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	-73.6%	36.1%	better than 6% of 302 sector peers
Net result	€-458k	€14k	better than 5% of 302 sector peers
Equity	€-550k	€89k	better than 5% of 302 sector peers
Gross operating margin	€368k	€74k	better than 78% of 300 sector peers
Staff costs	€762k	€178k	higher than 85% of 129 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

EBITDA

€-398k

-108.8% far below sector median

Net profit

€-458k

-102.7% far below sector median

Cash flow

€-408k

-108.3% far below sector median

Total assets

€747k

-41.1% +126% vs sector

Equity

€-550k

-499.2% far below sector median

Working capital

€-763k

-130.8% far below sector median

Employees (FTE)

16

-3.1% +259% vs sector

Staff costs

€762k

-15.7% +114% vs sector

Income taxes

€3k

-55.8% +184% vs sector

Debt

€1.30M

-4.7% far above sector median

Debt ≤ 1y

€1.30M

-3.0% far above sector median

Debt > 1y

€0

-100.0% -100% vs sector

Current ratio

0.41

-45.3% -71% vs sector

Quick ratio

0.26

-36.8% -78% vs sector

Solvency

-73.6%

-917.5% far below sector median

Debt / equity

-2.36

+84.1% far below sector median

ROE

83.3%

-66.2% +151% vs sector

ROA

-61.3%

-244.2% far below sector median

Interest coverage

-38.29

-8.2% far below sector median

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Revenue	-
EBITDA	€-398k
Net profit	€-458k
Cash flow	€-408k
Staff costs	€762k
Income taxes	-
Dividends	-
Total assets	€747k
Equity	€-550k
Debt	€1.30M
of which ≤ 1y	€1.30M
of which > 1y	€0
Working capital	€-763k
Employees (FTE)	15.8

Ratios (computed)

	2024
Current ratio	0.41
Quick ratio	0.26
Working capital ratio	-102.2%
Solvency	-73.6%
Debt / equity	-2.36
Long-term debt ratio	0.00
Interest coverage	-38.29
Gross margin	-
Net margin	-
ROA	-61.3%
ROE	83.3%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €214k · 28.6% Current assets €533k · 71.4%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€747k
Fixed assets	21/28	€214k
Intangible fixed assets	21	€0
Tangible fixed assets	22/27	€214k
Current assets	29/58	€533k
Stocks & contracts in progress	3	€198k
Amounts receivable within one year	40/41	€333k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€747k
Equity	10/15	€-550k
Contributions / capital	10/11	€124k
Reserves	13	€168k
Accumulated profits (losses)	14	€-841k
Amounts payable	17/49	€1.30M
Amounts payable after one year	17	€0
Amounts payable within one year	42/48	€1.30M
Trade debts payable within one year	44	€577k
Income statement
Gross operating margin	9900	€368k
Operating result	9901	€-447k
Financial charges	65	€10k
Result before taxes	9903	€-458k
Net result for the period	9904	€-458k
Result to be appropriated	9905	€-458k

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Ratios computed by Checked.

Directors & mandates3 persons

Role	Name	Tenure	Source
Curator	DIRK DE MAESENEER ENGELS PLEIN 35, 3000 LEUVEN	22-05-2025 → present	Belgian State Gazette
Curator	SVEN DE MAESE- NEER ENGELS PLEIN 35, 3000 LEUVEN-	22-05-2025 → present	Belgian State Gazette
Curator	STEVEN NYSTEN ENGELS PLEIN 35, 3000 LEUVEN	22-05-2025 → present	Belgian State Gazette

Legal Structure

NACE primary	Engineering activities(71121)
Legal form	Public limited company(014)
Incorporation	29-03-1995
Status	Active
Postal code	3018
First BS signal	30-05-2025
Latest BS signal	30-05-2025

Company structure, linked entities3 linked entities

Mandates

Establishment units 1 location

Sint-Hadrianusstraat 27, 3018 Leuven

Vervaardiging van al dan niet zelfladende of zelflossende aanhangwagens en opleggers voor landbouwdoeleinden

since 19952.071.176.068

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

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.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025

30-05-2025

Bankruptcy Opening

Ondernemingsrechtbank Leuven · LV TECHNICS NV SINT- HADRIANUSSTRAAT 25, 3018 WIJGMAAL (BT.) · event 22-05-2025

09-05-2025