LVC SOLUTIONS
ActiveSummary
LVC SOLUTIONS has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €513,622 and a net result of €601,461. Equity is growing by ~27.4% per year across the filed fiscal years. Its solvency ranks better than 26% of 928 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 7 accounts on average 60 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)
History
Go further with this company
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 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 77, Rental and leasing activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 2,613 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 97% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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 2,613 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.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €3,719 | €6,500 | €1,046 | €0 | - | - |
| Remuneration, social security and pensions62 | €591,574 | €613,644 | €787,908 | €906,280 | €880,807 | ▼ 2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €103,001 | €102,148 | €135,717 | €171,340 | €207,594 | ▲ 21.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €145,470 | €0 | €2,861 | €0 | €10,761 | - |
| Other operating charges640/8 | €14,213 | €15,359 | €24,384 | €30,827 | €18,314 | ▼ 40.6% |
| Non-recurring operating charges66A | - | - | - | €135 | €6,428 | ▲ 4,674% |
| Gross operating margin9900 | €1.1m | €1.6m | €1.7m | €2.0m | €2.0m | ▼ 1.6% |
| Operating profit (loss)9901 | €275,541 | €913,508 | €784,470 | €877,419 | €829,397 | ▼ 5.5% |
| Financial income75/76B | €396 | €4,383 | €8,451 | €17,560 | €28,373 | ▲ 61.6% |
| Recurring financial income75 | €396 | €4,383 | €8,451 | €17,560 | €28,373 | ▲ 61.6% |
| Financial charges65/66B | €16,043 | €12,455 | €26,511 | €35,535 | €56,930 | ▲ 60.2% |
| Recurring financial charges65 | €16,043 | €12,455 | €26,511 | €35,535 | €56,930 | ▲ 60.2% |
| Profit (loss) for the period before taxes9903 | €259,894 | €905,437 | €766,411 | €859,445 | €800,839 | ▼ 6.8% |
| Income taxes67/77 | €62,541 | €225,065 | €206,622 | €218,102 | €199,379 | ▼ 8.6% |
| Profit (loss) for the period9904 | €197,353 | €680,372 | €559,789 | €641,343 | €601,461 | ▼ 6.2% |
| Profit (loss) for the period to be appropriated9905 | €197,353 | €680,372 | €559,789 | €641,343 | €601,461 | ▼ 6.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.9m | €2.5m | €2.9m | €3.2m | €3.7m | ▲ 14.3% |
| Fixed assets21/28 | €340,930 | €350,180 | €535,557 | €473,816 | €848,712 | ▲ 79.1% |
| Intangible fixed assets21 | €125,000 | €108,801 | €82,039 | €55,277 | €28,515 | ▼ 48.4% |
| Tangible fixed assets22/27 | €215,930 | €241,378 | €453,518 | €415,108 | €819,896 | ▲ 97.5% |
| Land and buildings22 | - | - | - | - | €445,844 | - |
| Plant, machinery and equipment23 | €73,382 | €72,491 | €110,623 | €145,642 | €121,916 | ▼ 16.3% |
| Furniture and vehicles24 | €74,018 | €118,483 | €98,284 | €74,841 | €48,760 | ▼ 34.8% |
| Leasing and similar rights25 | €55,258 | €41,453 | €239,551 | €177,436 | €192,576 | ▲ 8.5% |
| Other tangible fixed assets26 | €13,271 | €8,952 | €5,060 | €17,189 | €10,799 | ▼ 37.2% |
| Financial fixed assets28 | - | - | - | €3,432 | €302 | ▼ 91.2% |
| Current assets29/58 | €1.6m | €2.2m | €2.3m | €2.8m | €2.8m | ▲ 3.1% |
| Stocks and contracts in progress3 | €379,484 | €431,801 | €595,803 | €549,665 | €764,700 | ▲ 39.1% |
| Stocks30/36 | €379,484 | €431,801 | €595,803 | €549,665 | €764,700 | ▲ 39.1% |
| Amounts receivable within one year40/41 | €764,906 | €1.3m | €1.3m | €2.0m | €1.9m | ▼ 4.3% |
| Trade receivables40 | €521,497 | €764,794 | €759,691 | €829,471 | €769,490 | ▼ 7.2% |
| Other amounts receivable41 | €243,409 | €509,196 | €528,289 | €1.2m | €1.2m | ▼ 2.2% |
| Cash at bank and in hand54/58 | €419,987 | €415,829 | €290,921 | €145,810 | €55,977 | ▼ 61.6% |
| Deferred charges and accrued income490/1 | €24,226 | €37,437 | €141,841 | €37,287 | €84,105 | ▲ 126% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.9m | €2.5m | €2.9m | €3.2m | €3.7m | ▲ 14.3% |
| Equity10/15 | €445,658 | €776,030 | €935,819 | €1.0m | €513,622 | ▼ 50.0% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €382,450 | €712,450 | €872,450 | €965,161 | €451,622 | ▼ 53.2% |
| Non-distributable reserves130/1 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Tax-exempt reserves132 | €56,250 | €56,250 | €56,250 | €56,250 | €56,250 | = |
| Distributable reserves133 | €320,000 | €650,000 | €810,000 | €902,711 | €389,172 | ▼ 56.9% |
| Profit (loss) carried forward14 | €1,208 | €1,580 | €1,369 | €0 | €0 | - |
| Amounts payable17/49 | €1.5m | €1.7m | €1.9m | €2.2m | €3.2m | ▲ 44.3% |
| Amounts payable after more than one year17 | €188,361 | €181,953 | €284,611 | €330,337 | €489,338 | ▲ 48.1% |
| Financial debts170/4 | €188,361 | €181,953 | €284,611 | €330,337 | €489,338 | ▲ 48.1% |
| Amounts payable within one year42/48 | €1.2m | €1.5m | €1.6m | €1.8m | €2.7m | ▲ 52.2% |
| Current portion of amounts payable after more than one year42 | €252,074 | €262,924 | €109,541 | €192,842 | €267,970 | ▲ 39.0% |
| Financial debts43 | €150,000 | €200,000 | €150,000 | €197,363 | €450,000 | ▲ 128% |
| Credit institutions430/8 | €150,000 | €200,000 | €150,000 | €197,363 | €450,000 | ▲ 128% |
| Trade debts44 | €659,380 | €539,279 | €658,241 | €466,624 | €614,808 | ▲ 31.8% |
| Suppliers440/4 | €659,380 | €539,279 | €658,241 | €466,624 | €614,808 | ▲ 31.8% |
| Taxes, remuneration and social security45 | €52,973 | €119,816 | €269,395 | €358,248 | €238,794 | ▼ 33.3% |
| Taxes450/3 | €1,953 | €68,436 | €219,893 | €257,177 | €72,309 | ▼ 71.9% |
| Remuneration and social security454/9 | €51,020 | €51,381 | €49,502 | €101,071 | €166,485 | ▲ 64.7% |
| Other amounts payable47/48 | €80,489 | €350,489 | €400,495 | €550,000 | €1.1m | ▲ 103% |
| Accrued charges and deferred income492/3 | €100,599 | €78,745 | €44,000 | €106,159 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €197,353 | €680,372 | €559,789 | €641,343 | €601,461 | ▼ 6.2% |
| + Depreciation and write-downs630 | €103,001 | €102,148 | €135,717 | €171,340 | €207,594 | ▲ 21.2% |
| Operating cash flow (approximation) | €300,354 | €782,520 | €695,506 | €812,683 | €809,055 | ▼ 0.4% |
| Investment in fixed assets (approximation) | - | -€111,398 | -€321,095 | -€109,599 | -€582,489 | ▼ 431% |
| Change in cash | - | -€4,158 | -€124,908 | -€145,111 | -€89,832 | ▲ 38.1% |
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
10-09
State Gazette act
Appointments: Wouter Ceulemans (director) and Wouter Vlamynck (day-to-day manager)Power of attorney6 facts ▸
- General meeting, 01-09-2026
- Director appointment, Wouter Ceulemans (director)
- Board meeting, 07-09-2026
- Director appointment, Wouter Vlamynck (day-to-day manager)
- Power of attorney, Alexandra Van Eycke
- Power of attorney, Kristel Astrid Machtelinckx
17-07
State Gazette act
Appointment: HLB Dodémont - Van Impe & C° (statutory auditor)Permanent representative: Bart Vorsselmans3 facts ▸
- General meeting, 29-06-2026
- Auditor appointment, HLB Dodémont - Van Impe & C° (statutory auditor)
- Permanent representative, Bart Vorsselmans (permanent representative)
Show earlier events
About the unread acts
Of the 12 Belgian State Gazette acts we know for this company, 2 have been read. The other 10 have not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
Board 1
Day-to-day management 1
Statutory auditor 1
Not every act has been read: a resignation may be missing here
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71302A0032/00E035 | Flanders | 3,950 m² | 1 · 1,466 m² | 9.9 m · 3 fl. |
Linked by address, not proof of ownership
Mandate history
- Board
- Day-to-day management
- Statutory auditor
| Name | Functions and periods |
|---|---|
| Wouter Ceulemans |
|
| Wouter Vlamynck |
|
| HLB Dodémont - Van Impe & C° |
|
Articles of association
Full text
4. Bevestiging van de algemene vertegenwoordigingsregeling De raad van bestuur bevestigt dat de benoeming van de heer Wouter Vlamynck als persoon belast met het dagelijks bestuur en de hierboven verleende bijzondere volmachten geen algemene individuele vertegenwoordigingsbevoegdheid overeenkomstig artikel 20 van de statuten toekennen. Voor handelingen die buiten het dagelijks bestuur vallen, blijft de vennootschap overeenkomstig artikel 20 van de statuten uitsluitend vertegenwoordigd door twee bestuurders die gezamenlijk optreden. Twee bestuurders kunnen de vennootschap eveneens gezamenlijk vertegenwoordigen wanneer de betrokken handeling tot het dagelijks bestuur behoort.
Full text
3. Omvang en gezamenlijke uitoefening van de bevoegdheden Het dagelijks bestuur omvat alle handelingen en beslissingen die niet verder reiken dan de behoeften van het dagelijks leven van de vennootschap, alsmede de handelingen en beslissingen die, wegens hun minder belang of spoedeisend karakter, de tussenkomst van de raad van bestuur niet rechtvaardigen. De heer Wouter Vlamynck, mevrouw Alexandra Van Eycke en mevrouw Kristel Astrid Machtelinckx oefenen de voormelde bevoegdheden uitsluitend twee aan twee gezamenlijk uit. Elke combinatie van twee van deze drie personen kan de vennootschap binnen de hiervoor omschreven bevoegdheden vertegenwoordigen en verbinden. Geen van hen kan binnen deze regeling individueel optreden. De gezamenlijke wijze van optreden geldt voor alle voormelde dagelijkse verrichtingen, met inbegrip van de gebruikelijke verrichtingen van financiële aard.
Structure & network
Owners and holdings
1 ownerChain of control
- INITIUM
- LVC SOLUTIONS
Highest known parent: INITIUM. The sources do not say who stands above it.
Owners 1
- INITIUMparentSourceaccounts INITIUM 2025100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 2,523 EUR awarded · 2,523 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 581 EUR | 581 EUR |
| 2024 | 1 | 1,008 EUR | 1,064 EUR |
| 2023 | 1 | 56 EUR | 253 EUR |
| 2022 | 1 | 878 EUR | 625 EUR |
Similar companies · same sector, comparable size
Identification & contact
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.