LV4
ActiveSummary
LV4 has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€220,016) and a net result of -€87,936. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 13% of 9722 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability49▲+47
Solvency23▲+14
Growth32=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 5.71 against 0.78 in 2023; short-term debt: 14.7% and cash: 1.2% of total assets), but equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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
-1.9%
Return on assets
-0.8%
Age of the figures
21 mo
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
2021222324
2020 to 2024 · latest year -€220,016
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 07-07-2025, 24 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
24 d early
2023
14 d early
2022
13 d early
2021
6 d early
2020
23 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 16 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, abbreviated schema
In the rankings
#2 company by total assets in Wemmel, Real estate sector
Turnover
€115,866
EBIT margin
1.4%
Net result
-€87,936▲ 20.7%
2023 · -€110,937
Working capital
€7.8m
2023 · -€9,209
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate 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
Turnover€115,866
Operating result-€11,171--€19,663▼ 76.0%-€13,511▲ 31.3%-€108,653▼ 704%€1,616
Net result-€11,623below the sector's middle half--€20,264below the sector's middle half▼ 74.3%-€14,256below the sector's middle half▲ 29.7%-€110,937below the sector's middle half▼ 678%-€87,936below the sector's middle half▲ 20.7%
EBIT margin1.4%
Equity€13,377below the sector's middle half--€6,887below the sector's middle half-€21,143below the sector's middle half▼ 207%-€132,080below the sector's middle half▼ 525%-€220,016below the sector's middle half▼ 66.6%
Total assets€22,569below the sector's middle half-€15,980below the sector's middle half▼ 29.2%€2,458below the sector's middle half▼ 84.6%€843,844within the sector's middle half▲ 34,227%€11.3mabove the sector's middle half▲ 1,244%
Debt€9,192-€22,868▲ 149%€23,601▲ 3.2%€975,924▲ 4,035%€11.6m▲ 1,085%
Working capital€12,283-€2,239▼ 81.8%-€1,235-€9,209▼ 646%€7.8m
Solvency59.3%within the sector's middle half--43.1%below the sector's middle half▼ 102.4pp-15.7%below the sector's middle half-1.9%below the sector's middle half▲ 13.7pp
Staff (FTE)0within the sector's middle half0within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €1,616 after a loss of €108,653 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €11.3m
Fixed assets
€1.8m ▲ 125%
Current assets
€9.5m ▲ 29,850%
Key figures and ratios
EBITDA
€60,133▲
2023 · -€11,486
Cash flow
-€29,418▼
2023 · -€13,770
Current ratio
5.71▲
2023 · 0.78
Debt to equity
-52.55▼
2023 · -7.39
ROA
-0.8%▲
2023 · -13.1%
Interest coverage
0.67▲
2023 · -5.03
Debt ≤ 1 year
€1.7m▲
2023 · €40,980
Debt > 1 year
€491,121▼
2023 · €934,944
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 109 companies that looked in July 2024 the way this one looks now, 0% went bankrupt within 24 months and 95% are still going.
- Medium-sized
- 5 to 10 years old
- negative equity
- a small loss
0%
went bankrupt
2.8%
stopped otherwise
95%
still going
A further 1.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 109 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 |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €115,866 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €55,346 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €268 | €272 | €272 | €97,167 | €58,517 | ▼ 39.8% |
| Other operating charges640/8 | - | €398 | €150 | €384 | €387 | ▲ 0.8% |
| Gross operating margin9900 | -€10,556 | -€18,993 | -€13,088 | -€11,101 | €60,521 | ▲ 645% |
| Operating profit (loss)9901 | -€11,171 | -€19,663 | -€13,511 | -€108,653 | €1,616 | ▲ 101% |
| Financial income75/76B | - | €52 | €0 | - | - | - |
| Recurring financial income75 | - | €52 | €0 | - | - | - |
| Financial charges65/66B | - | €653 | €745 | €2,284 | €89,552 | ▲ 3,821% |
| Recurring financial charges65 | €452 | €653 | €745 | €2,284 | €89,552 | ▲ 3,821% |
| Profit (loss) for the period before taxes9903 | -€11,623 | -€20,264 | -€14,256 | -€110,937 | -€87,936 | ▲ 20.7% |
| Profit (loss) for the period9904 | -€11,623 | -€20,264 | -€14,256 | -€110,937 | -€87,936 | ▲ 20.7% |
| Profit (loss) for the period to be appropriated9905 | -€11,623 | -€20,264 | -€14,256 | -€110,937 | -€87,936 | ▲ 20.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €22,569 | €15,980 | €2,458 | €843,844 | €11.3m | ▲ 1,244% |
| Formation expenses20 | €1,094 | €822 | €549 | €277 | €0 | ▼ 100% |
| Fixed assets21/28 | - | €52 | €0 | €811,796 | €1.8m | ▲ 125% |
| Tangible fixed assets22/27 | - | - | - | €811,796 | €1.8m | ▲ 125% |
| Land and buildings22 | - | - | - | €760,000 | €0 | ▼ 100% |
| Other tangible fixed assets26 | - | - | - | - | €1.8m | - |
| Assets under construction and advance payments27 | - | - | - | €51,796 | €0 | ▼ 100% |
| Financial fixed assets28 | - | €52 | €0 | - | - | - |
| Current assets29/58 | €21,475 | €15,107 | €1,909 | €31,771 | €9.5m | ▲ 29,850% |
| Amounts receivable after more than one year29 | - | - | - | - | €9.2m | - |
| Trade receivables290 | - | - | - | - | €9.2m | - |
| Amounts receivable within one year40/41 | €167 | €168 | €0 | €9,327 | €163,638 | ▲ 1,655% |
| Trade receivables40 | - | €168 | €0 | - | €162,379 | - |
| Other amounts receivable41 | - | - | - | €9,327 | €1,259 | ▼ 86.5% |
| Cash at bank and in hand54/58 | €21,308 | €14,939 | €1,909 | €22,445 | €141,219 | ▲ 529% |
| Deferred charges and accrued income490/1 | - | - | - | - | €24,383 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €22,569 | €15,980 | €2,458 | €843,844 | €11.3m | ▲ 1,244% |
| Equity10/15 | €13,377 | -€6,887 | -€21,143 | -€132,080 | -€220,016 | ▼ 66.6% |
| Contributions10/11 | - | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Profit (loss) carried forward14 | -€11,623 | -€31,887 | -€46,143 | -€157,080 | -€245,016 | ▼ 56.0% |
| Amounts payable17/49 | €9,192 | €22,868 | €23,601 | €975,924 | €11.6m | ▲ 1,085% |
| Amounts payable after more than one year17 | - | €10,000 | €20,426 | €934,944 | €491,121 | ▼ 47.5% |
| Other amounts payable178/9 | - | €10,000 | €20,426 | €934,944 | €491,121 | ▼ 47.5% |
| Amounts payable within one year42/48 | €9,192 | €12,868 | €3,144 | €40,980 | €1.7m | ▲ 3,967% |
| Financial debts43 | - | - | - | - | €1.6m | - |
| Credit institutions430/8 | - | - | - | - | €1.6m | - |
| Trade debts44 | €9,192 | €12,868 | €3,144 | €40,980 | €23,384 | ▼ 42.9% |
| Suppliers440/4 | - | €12,868 | €3,144 | €40,980 | €23,384 | ▼ 42.9% |
| Accrued charges and deferred income492/3 | - | - | €31 | €0 | €9.4m | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11,623 | -€20,264 | -€14,256 | -€110,937 | -€87,936 | ▲ 20.7% |
| + Depreciation and write-downs630 | €268 | €272 | €272 | €97,167 | €58,517 | ▼ 39.8% |
| Operating cash flow (approximation) | -€11,355 | -€19,992 | -€13,983 | -€13,770 | -€29,418 | ▼ 114% |
| Investment in fixed assets (approximation) | - | - | -€220 | -€908,963 | -€1.1m | ▼ 18.1% |
| Change in cash | - | -€6,370 | -€13,030 | €20,536 | €118,774 | ▲ 478% |
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
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity times 7current ratio 5.71
Current ratio from 0.78 to 5.71.
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet -€110,937
Net result drops to -€110,937, the lowest in the series; recovery starts the following year.
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
11 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, Wemmel
Ground area
5,299 m²
Building footprint
1,471 m²
Volume, LiDAR
17,823 m³
Parcel 22662B0407/00C011, Flanders · tallest building 18.9 m, ±5 floors. Linked by address, not a title deed.
20
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22662B0407/00C011 | Flanders | 5,299 m² | 1 · 1,471 m² | 18.9 m · 5 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.
Similar companies · same sector, comparable size
ADVISSIMMO
BE 0877.414.488
Meise · Eq €13,405
ECOCELL
BE 0476.776.378
Aarschot · Eq €13,154
Assets Units
BE 0790.381.734
Binche · Eq €13,138
PROHOME
BE 0755.434.713
Sint-Pieters-Leeuw · Eq €13,106
P.F.I. INVEST
BE 0881.411.878
Namur · Eq €13,657
Of 1,294 companies in sector 68122 we hold annual accounts for 903. 312 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
Founded08-01-2020
Fiscal year end31-12
Activities, NACEBEL 2025
68122Development of non-residential building projects
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID
0208:0740900846
Registered
08-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.