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LVA Concept

Active
Private limited companyfounded 20223 yrs activeNieuwstraat 133, 3600 Genk, BelgiumKBO/BCE: BE 0794.797.412
Summary

The computed 12-month bankruptcy probability of LVA Concept is 2.0% (moderate). The 2025 annual accounts show equity of €61,671 and a net result of €1,437. Equity is growing by ~9% per year across the filed fiscal years. Its solvency ranks better than 62% of 1327 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability70▼-14
Solvency81▼-19
Growth52=
Track record94
Bankruptcy probability, 12 months
2.0% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity ample (current ratio 2.76 against 4.26 in 2024; short-term debt: 19% and cash: 7.7% of total assets), and 43.8% of the assets are financed with debt.
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Signals

Four 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 33
Relative position
BE, all sectors
reference
Repair, maintenance and installation of machinery and equipment (NACE 33)
about 56% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
56.2%
Return on assets
1.3%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-07-2026, 29 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
29 d early
2024
55 d early
2023
56 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 47 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 6 June (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 14 December 2022, LVA Concept was incorporated as a Private limited company.1 Total assets went from EUR 76,361 in 2023 to EUR 109,826 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2023 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€61,671▲ 2.4%
2024 · €60,234
Total assets
€109,826▲ 47.5%
2024 · €74,478
Net result
€1,437▼ 84.6%
2024 · €9,359
Working capital
€36,612▼ 21.2%
2024 · €46,453
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 33, Repair, maintenance and installation of machinery and equipment, 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
Line202320242025
Operating result€68,257-€14,756▼ 78.4%€4,560▼ 69.1%
Net result€48,875above the sector's middle half-€9,359within the sector's middle half▼ 80.9%€1,437below the sector's middle half▼ 84.6%
Equity€50,875within the sector's middle half-€60,234within the sector's middle half▲ 18.4%€61,671within the sector's middle half▲ 2.4%
Total assets€76,361within the sector's middle half-€74,478within the sector's middle half▼ 2.5%€109,826within the sector's middle half▲ 47.5%
Debt€25,486-€14,244▼ 44.1%€48,155▲ 238%
Working capital€47,847within the sector's middle half-€46,453within the sector's middle half▼ 2.9%€36,612within the sector's middle half▼ 21.2%
Solvency66.6%within the sector's middle half-80.9%above the sector's middle half▲ 14.3pp56.2%within the sector's middle half▼ 24.7pp
Current ratio2.88within the sector's middle half-4.26above the sector's middle half▲ 1.382.76within the sector's middle half▼ 1.51
Return on assets (ROA)64.0%above the sector's middle half-12.6%within the sector's middle half▼ 51.4pp1.3%below the sector's middle half▼ 11.3pp
above within below the middle half (P25 to P75) of NACE 33, Repair, maintenance and installation of machinery and equipment, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€20,000€40,000€60,000Operating result 2023: €68,257€68,257Net result 2023: €48,875€48,875Operating result 2024: €14,756€14,756Net result 2024: €9,359€9,359Operating result 2025: €4,560€4,560Net result 2025: €1,437€1,437202320242025€0€20,000€40,000€60,000Operating result 2023: €68,257€68,300Net result 2023: €48,875€48,900Operating result 2024: €14,756€14,800Net result 2024: €9,359€9,360Operating result 2025: €4,560€4,560Net result 2025: €1,437€1,440202320242025
The operating result has fallen two years in a row; 2025 is 69% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €109,826
Fixed assets €52,360 ▲ 280%
Current assets €57,466 ▼ 5.3%
Equity and liabilities €109,826
Equity €61,671 ▲ 2.4%
Debt €48,155 ▲ 238%
Debt's share of the balance-sheet total rises from 19.1% to 43.8%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€20,964▲
2024 · €18,404
Cash flow
€17,841▲
2024 · €13,007
Quick ratio
2.37▼
2024 · 4.26
Debt to equity
0.78▲
2024 · 0.24
ROE
2.3%▼
2024 · 15.5%
Interest coverage
12.38▼
2024 · 23.30
Debt ≤ 1 year
€20,854▲
2024 · €14,244
Debt > 1 year
€27,301
Income taxes
€1,562▼
2024 · €4,699
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,546 companies that looked in July 2024 the way this one looks now, 2.3% went bankrupt within 24 months and 94% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit under 5% of the balance sheet
2.3% went bankrupt
3.1% stopped otherwise
94% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.0% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.9%
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 2,546 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet Code20242025
Assets
Total assets20/58€74,478€109,826▲
Fixed assets21/28€13,781€52,360▲
Tangible fixed assets22/27€13,781€52,360▲
Land and buildings22€3,958€3,682▼
Plant, machinery and equipment23€9,823€8,044▼
Furniture and vehicles24-€40,634
Current assets29/58€60,696€57,466▼
Stocks and contracts in progress3-€7,979
Stocks30/36-€7,979
Amounts receivable within one year40/41€40,028€39,365▼
Trade receivables40€40,028€39,365▼
Cash at bank and in hand54/58€20,668€8,475▼
Deferred charges and accrued income490/1-€1,647
Equity and liabilities
Total equity and liabilities10/49€74,478€109,826▲
Equity10/15€60,234€61,671▲
Contributions10/11€2,000€2,000=
Reserves13€58,234€59,671▲
Distributable reserves133€58,234€59,671▲
Amounts payable17/49€14,244€48,155▲
Amounts payable after more than one year17-€27,301
Financial debts170/4-€27,301
Amounts payable within one year42/48€14,244€20,854▲
Current portion of amounts payable after more than one year42€4,000€12,444▲
Trade debts44€2,333€360▼
Suppliers440/4€2,333€360▼
Taxes, remuneration and social security45€6,797€6,635▼
Taxes450/3€6,797€6,635▼
Other amounts payable47/48€1,113€1,415▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,648€16,404▲
Other operating charges640/8€211€675▲
Gross operating margin9900€18,615€21,639▲
Operating profit (loss)9901€14,756€4,560▼
Financial income75/76B€91€132▲
Recurring financial income75€91€132▲
Financial charges65/66B€790€1,693▲
Recurring financial charges65€790€1,693▲
Profit (loss) for the period before taxes9903€14,058€2,999▼
Income taxes67/77€4,699€1,562▼
Profit (loss) for the period9904€9,359€1,437▼
Profit (loss) for the period to be appropriated9905€9,359€1,437▼
Appropriation of the result
Profit (loss) to be appropriated9906€9,359€1,437▼
Transfer to equity691/2€9,359€1,437▼
To other reserves6921€9,359€1,437▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€547€3,648€16,404▲ 350%
Other operating charges640/8€321€211€675▲ 220%
Gross operating margin9900€69,126€18,615€21,639▲ 16.2%
Operating profit (loss)9901€68,257€14,756€4,560▼ 69.1%
Financial income75/76B€24€91€132▲ 44.7%
Recurring financial income75€24€91€132▲ 44.7%
Financial charges65/66B€102€790€1,693▲ 114%
Recurring financial charges65€102€790€1,693▲ 114%
Profit (loss) for the period before taxes9903€68,180€14,058€2,999▼ 78.7%
Income taxes67/77€19,305€4,699€1,562▼ 66.8%
Profit (loss) for the period9904€48,875€9,359€1,437▼ 84.6%
Profit (loss) for the period to be appropriated9905€48,875€9,359€1,437▼ 84.6%
Line202320242025Change
Assets
Total assets20/58€76,361€74,478€109,826▲ 47.5%
Fixed assets21/28€3,028€13,781€52,360▲ 280%
Tangible fixed assets22/27€3,028€13,781€52,360▲ 280%
Land and buildings22-€3,958€3,682▼ 7.0%
Plant, machinery and equipment23€3,028€9,823€8,044▼ 18.1%
Furniture and vehicles24--€40,634-
Current assets29/58€73,333€60,696€57,466▼ 5.3%
Stocks and contracts in progress3--€7,979-
Stocks30/36--€7,979-
Amounts receivable within one year40/41€28,278€40,028€39,365▼ 1.7%
Trade receivables40€20,933€40,028€39,365▼ 1.7%
Other amounts receivable41€7,345---
Cash at bank and in hand54/58€42,429€20,668€8,475▼ 59.0%
Deferred charges and accrued income490/1€2,626-€1,647-
Equity and liabilities
Total equity and liabilities10/49€76,361€74,478€109,826▲ 47.5%
Equity10/15€50,875€60,234€61,671▲ 2.4%
Contributions10/11€2,000€2,000€2,000=
Reserves13€48,875€58,234€59,671▲ 2.5%
Distributable reserves133€48,875€58,234€59,671▲ 2.5%
Amounts payable17/49€25,486€14,244€48,155▲ 238%
Amounts payable after more than one year17--€27,301-
Financial debts170/4--€27,301-
Amounts payable within one year42/48€25,486€14,244€20,854▲ 46.4%
Current portion of amounts payable after more than one year42€22,862€4,000€12,444▲ 211%
Trade debts44€2,615€2,333€360▼ 84.6%
Suppliers440/4€2,615€2,333€360▼ 84.6%
Taxes, remuneration and social security45€9€6,797€6,635▼ 2.4%
Taxes450/3-€6,797€6,635▼ 2.4%
Remuneration and social security454/9€9---
Other amounts payable47/48-€1,113€1,415▲ 27.1%
Line202320242025Change
Profit (loss) for the period9904€48,875€9,359€1,437▼ 84.6%
+ Depreciation and write-downs630€547€3,648€16,404▲ 350%
Operating cash flow (approximation)€49,423€13,007€17,841▲ 37.2%
Investment in fixed assets (approximation)--€14,402-€54,983▼ 282%
Change in cash--€21,761-€12,194▲ 44.0%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
02-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial Weakest financial yearnet €1,437 ▼84.6%
Net result drops to €1,437, the lowest in the series.
06-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
05-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Genk · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
554 m²
Building footprint
161 m²
Parcel 71305F1414/00A000, Flanders. Linked by address, not a title deed.
1 establishment unit
LVA Concept
Nieuwstraat 133, 3600 GenkRepair, maintenance and installation of machinery and equipment
since 20222.339.194.986
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
71305F1414/00A000 Flanders 554 m² 1 · 161 m² -
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

Of 3,719 companies in sector 33120 we hold annual accounts for 1,345. 1,074 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
Founded14-12-2022
Fiscal year end31-12
Activities, NACEBEL 2025
33120Repair and maintenance of machinery
E-invoicing
Reachable via Peppol
Peppol ID 0208:0794797412
Also 9925:BE0794797412
Registered 17-02-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.