LVA Projects
ActiveSummary
LVA Projects has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €188,030 and a net result of €32,487. Equity is growing by ~23% per year across the filed fiscal years. Its solvency ranks better than 30% of 37969 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability76▲+1
Solvency59▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity short (current ratio 0.76 against 0.85 in 2023; short-term debt: 12.7% and cash: 0.6% of total assets), and 66.1% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-08-2025, 13 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 · 8 filingsDeviation from the deadline
2025
not confirmed
2024
13 d late
2023
69 d late
2022
57 d late
2021
3 d early
2020
38 d early
2019
42 d early
← 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 9 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€188,030▲ 17.6%
2023 · €159,946
Total assets
€554,466▲ 7.6%
2023 · €515,384
Net result
€32,487▲ 36.7%
2023 · €23,759
Working capital
-€16,811▼ 54.5%
2023 · -€10,878
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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
Operating result€71,197▲ 125%€39,534▼ 44.5%€22,346▼ 43.5%€42,235▲ 89.0%€50,390▲ 19.3%
Net result€50,002within the sector's middle half▲ 138%€26,062within the sector's middle half▼ 47.9%€11,177within the sector's middle half▼ 57.1%€23,759within the sector's middle half▲ 113%€32,487within the sector's middle half▲ 36.7%
Equity€86,547within the sector's middle half▲ 137%€125,009within the sector's middle half▲ 44.4%€136,187within the sector's middle half▲ 8.9%€159,946within the sector's middle half▲ 17.4%€188,030within the sector's middle half▲ 17.6%
Total assets€105,948within the sector's middle half▲ 55.5%€401,457within the sector's middle half▲ 279%€398,673within the sector's middle half▼ 0.7%€515,384above the sector's middle half▲ 29.3%€554,466above the sector's middle half▲ 7.6%
Debt€19,401▼ 38.6%€276,448▲ 1,325%€262,487▼ 5.1%€355,439▲ 35.4%€366,436▲ 3.1%
Working capital€73,014within the sector's middle half▲ 146%€18,442within the sector's middle half▼ 74.7%€21,801within the sector's middle half▲ 18.2%-€10,878below the sector's middle half-€16,811below the sector's middle half▼ 54.5%
Solvency81.7%above the sector's middle half▲ 28.1pp31.1%within the sector's middle half▼ 50.5pp34.2%within the sector's middle half▲ 3.0pp31.0%within the sector's middle half▼ 3.1pp33.9%within the sector's middle half▲ 2.9pp
Current ratio4.95above the sector's middle half▲ 3.001.45within the sector's middle half▼ 3.491.56within the sector's middle half▲ 0.110.85below the sector's middle half▼ 0.720.76below the sector's middle half▼ 0.09
Return on assets (ROA)47.2%above the sector's middle half▲ 16.4pp6.5%within the sector's middle half▼ 40.7pp2.8%within the sector's middle half▼ 3.7pp4.6%within the sector's middle half▲ 1.8pp5.9%within the sector's middle half▲ 1.2pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 19% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €554,466
Fixed assets
€500,705 ▲ 10.1%
Current assets
€53,760 ▼ 11.5%
Equity and liabilities €554,466
Equity
€188,030 ▲ 17.6%
Debt
€366,436 ▲ 3.1%
Debt's share of the balance-sheet total falls from 69.0% to 66.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€83,331▲
2023 · €62,548
Cash flow
€65,428▲
2023 · €44,072
Debt to equity
1.95▼
2023 · 2.22
ROE
17.3%▲
2023 · 14.9%
Interest coverage
10.70▲
2023 · 8.48
Debt ≤ 1 year
€70,571▼
2023 · €71,602
Debt > 1 year
€295,865▲
2023 · €283,837
Income taxes
€14,698▲
2023 · €11,175
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,778 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
2.6%
stopped otherwise
97%
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 0.3% 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 497,662 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% | 1.7% |
| 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 75% 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 6,778 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €5,083 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,254 | €11,481 | €10,391 | €20,313 | €32,940 | ▲ 62.2% |
| Other operating charges640/8 | - | €184 | €1,858 | €3,170 | €1,720 | ▼ 45.7% |
| Non-recurring operating charges66A | - | €139 | €0 | - | €765 | - |
| Gross operating margin9900 | €73,212 | €51,338 | €34,595 | €65,718 | €85,816 | ▲ 30.6% |
| Operating profit (loss)9901 | €71,197 | €39,534 | €22,346 | €42,235 | €50,390 | ▲ 19.3% |
| Financial income75/76B | - | €229 | €77 | €75 | €4,584 | ▲ 6,021% |
| Recurring financial income75 | €78 | €229 | €77 | €75 | €4,584 | ▲ 6,021% |
| Financial charges65/66B | - | €3,531 | €5,055 | €7,376 | €7,789 | ▲ 5.6% |
| Recurring financial charges65 | €452 | €3,531 | €5,055 | €7,376 | €7,789 | ▲ 5.6% |
| Profit (loss) for the period before taxes9903 | €70,823 | €36,232 | €17,369 | €34,934 | €47,186 | ▲ 35.1% |
| Income taxes67/77 | €20,822 | €10,169 | €6,192 | €11,175 | €14,698 | ▲ 31.5% |
| Profit (loss) for the period9904 | €50,002 | €26,062 | €11,177 | €23,759 | €32,487 | ▲ 36.7% |
| Profit (loss) for the period to be appropriated9905 | €50,002 | €26,062 | €11,177 | €23,759 | €32,487 | ▲ 36.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €105,948 | €401,457 | €398,673 | €515,384 | €554,466 | ▲ 7.6% |
| Fixed assets21/28 | €14,426 | €342,280 | €338,227 | €454,660 | €500,705 | ▲ 10.1% |
| Tangible fixed assets22/27 | €12,426 | €340,221 | €336,168 | €452,601 | €498,646 | ▲ 10.2% |
| Land and buildings22 | - | €328,338 | €320,226 | €312,113 | €304,001 | ▼ 2.6% |
| Furniture and vehicles24 | - | €1,489 | €2,396 | €46,809 | €106,411 | ▲ 127% |
| Other tangible fixed assets26 | - | €10,394 | €13,546 | €93,678 | €88,234 | ▼ 5.8% |
| Financial fixed assets28 | €2,000 | €2,059 | €2,059 | €2,059 | €2,059 | = |
| Current assets29/58 | €91,522 | €59,178 | €60,446 | €60,724 | €53,760 | ▼ 11.5% |
| Amounts receivable within one year40/41 | €34,302 | €36,185 | €40,654 | €46,844 | €48,120 | ▲ 2.7% |
| Trade receivables40 | - | €29,509 | €36,026 | €44,216 | €41,054 | ▼ 7.2% |
| Other amounts receivable41 | - | €6,675 | €4,628 | €2,627 | €7,066 | ▲ 169% |
| Current investments50/53 | €37,578 | €14,271 | €8,081 | €1,880 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €15,673 | €2,929 | €3,970 | €1,500 | €3,067 | ▲ 104% |
| Deferred charges and accrued income490/1 | - | €5,792 | €7,741 | €10,501 | €2,573 | ▼ 75.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €105,948 | €401,457 | €398,673 | €515,384 | €554,466 | ▲ 7.6% |
| Equity10/15 | €86,547 | €125,009 | €136,187 | €159,946 | €188,030 | ▲ 17.6% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €80,347 | €106,409 | €117,587 | €141,346 | €169,430 | ▲ 19.9% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €104,549 | €115,727 | €139,486 | €167,570 | ▲ 20.1% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Amounts payable17/49 | €19,401 | €276,448 | €262,487 | €355,439 | €366,436 | ▲ 3.1% |
| Amounts payable after more than one year17 | - | €235,713 | €222,941 | €283,837 | €295,865 | ▲ 4.2% |
| Financial debts170/4 | - | €235,713 | €222,941 | €283,837 | €295,865 | ▲ 4.2% |
| Amounts payable within one year42/48 | €18,507 | €40,735 | €38,646 | €71,602 | €70,571 | ▼ 1.4% |
| Current portion of amounts payable after more than one year42 | - | €15,627 | €19,990 | €26,040 | €38,907 | ▲ 49.4% |
| Trade debts44 | €3,035 | €5,270 | €10,396 | €12,459 | €7,814 | ▼ 37.3% |
| Suppliers440/4 | - | €5,270 | €10,396 | €12,459 | €7,814 | ▼ 37.3% |
| Taxes, remuneration and social security45 | - | €18,377 | €8,259 | €18,262 | €19,448 | ▲ 6.5% |
| Taxes450/3 | - | €18,377 | €8,259 | €18,262 | €19,448 | ▲ 6.5% |
| Other amounts payable47/48 | - | €1,460 | €0 | €14,841 | €4,403 | ▼ 70.3% |
| Accrued charges and deferred income492/3 | - | €0 | €900 | €0 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €50,002 | €26,062 | €11,177 | €23,759 | €32,487 | ▲ 36.7% |
| + Depreciation and write-downs630 | €1,254 | €11,481 | €10,391 | €20,313 | €32,940 | ▲ 62.2% |
| Operating cash flow (approximation) | €51,256 | €37,544 | €21,568 | €44,072 | €65,428 | ▲ 48.5% |
| Investment in fixed assets (approximation) | - | -€339,335 | -€6,338 | -€136,746 | -€78,986 | ▲ 42.2% |
| Change in cash | - | -€12,744 | €1,041 | -€2,470 | €1,567 | ▲ 163% |
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
13-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 13 days late
2024
08-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 69 days late
2023
31-12
Financial
Equity above €150,000Eq €159,946 ▲17.4%
6 profitable years in a row build equity to €159,946.
26-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 57 days late
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100,000Eq €125,009 ▲44.4%
4 profitable years in a row build equity to €125,009.
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €50,002 ▲138%
Operating result €71,197, net result €50,002, both a record.
31-12
Financial
Liquidity triplescurrent ratio 4.95
Current ratio from 1.94 to 4.95; short-term debt falls from €31,603 to €18,507.
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
02-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 2 days late
2018
16-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, De Haan · 2 establishment units since 2017
Ground area
6,959 m²
Building footprint
1,208 m²
Volume, LiDAR
12,839 m³
2 parcels, Flanders, Wallonia · tallest building 32.7 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
Rue Tournibouge(Hellebecq) 44, 7830 Silly
since 20172.262.650.902
Kennedylaan 20, 8420 De Haan
since 20202.310.809.224
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35007A0850/00H000 | Flanders | 6,090 m² | 1 · 1,053 m² | 32.7 m · 4 fl. |
| 51031A0153/00H000 | Wallonia | 869 m² | 1 · 155 m² | 7.9 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.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 40,299 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
Founded23-03-2017
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
73300Public relations and communication consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0672974815
Also
9925:BE0672974815
Registered
12-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.