LVF FINANCES

Active

Private limited companyfounded 201214 yrs activeRue Pèré Maron 34, 4130 Esneux, BelgiumKBO/BCE: BE 0846.633.915

LVF FINANCES has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-48k) and a net result of €-35k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 15% of 839 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).

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Checked score

Score 2024

29 / 100

Weak

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability8▲+1

Solvency17▼-6

Growth29▼-1

Track record100

Bankruptcy probability, 12 months

0.7% Low

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.9 against 0.96 in 2023; short-term debt: 97.1% and cash: 0.2% of total assets), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

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 2024

Solvency, return and age of the figures

Solvency

-7.9%

Return on assets

-5.8%

Age of the figures

24 mo

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 32

Relative position

BE, all sectors

reference

Sector 32

lower

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Negative equity

The 2024 annual accounts show negative equity and a net loss.

NBB · annual accounts 2024

Equity per financial year

181920222324

2018 to 2024 · latest year €-48k

Annual accounts not filed

The financial year that closed on 30-09-2025 was due at the National Bank by 30-04-2026. Nothing is on record, 140 days later.

NBB · 9 filings

Position against the passed deadline

30-09-2025 close30-04-2026 deadline17-09-2026 today

Filed after the deadline

The financial year that closed on 30-09-2024 was due by 30-04-2025 and was filed on 17-06-2025, 48 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 · 9 filings

Deviation from the deadline

2025

not filed

2024

48 d late

2023

190 d late

2022

3 d early

2020

31 d late

2019

87 d late

2018

7 d late

← before the deadline after the deadline →

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

Financials · fiscal year 2024, micro schema

Turnover

€36k▼ 5.4%

2023 · €38k

2018: €44k 2019: €121k 2020: €26k 2022: €178k 2023: €38k

2018 → 2024

EBIT margin

-61.4%▼ 46.3pp

2023 · -15.1%

2018: -7.1% 2019: 9.5% 2020: -106.5% 2022: 47.0% 2023: -15.1%

2018 → 2024

Net result

€-35k▲ 7.3%

2023 · €-38k

2018: €-3k 2019: €7k 2020: €-37k 2022: €52k 2023: €-38k

2018 → 2024

Working capital

€-58k▼ 149%

2023 · €-23k

2018: €-2k 2019: €8k 2020: €-206k 2022: €-138k 2023: €-23k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20192020202220232024Trend

Turnover€121k-€26k▼ 78.5%€178k▲ 583%€38k▼ 78.5%€36k▼ 5.4%

Equity€10k-€24k▲ 129%€76k▲ 215%€-13k€-48k▼ 264%

Operating result€12k-€-28k€84k€-6k€-22k▼ 285%

Net result€7k-€-37k€52k€-38k€-35k▲ 7.3%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €22k in 2024 against €6k in 2023; the loss grows.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €610k

12.4%

87.6%

Fixed assets €76k▼ 0.5%

Current assets €535k▲ 2.2%

Key figures and ratios

2024 value · change against 2023

EBITDA

€-22k▼

2023 · €-6k

Cash flow

€-35k▲

2023 · €-38k

Solvency

-7.9%▼

2023 · -2.2%

Current ratio

0.90▼

2023 · 0.96

Quick ratio

0.13▲

2023 · 0.12

Debt / equity

-13.59▲

2023 · -46.02

ROA

-5.8%▲

2023 · -6.3%

Interest coverage

-0.60▼

2023 · -0.16

Debt

€659k▲

2023 · €613k

Debt ≤ 1 year

€593k▲

2023 · €547k

Income taxes

€134▲

2023 · €129

Staff costs

€17k▼

2023 · €24k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€599k€610k▲

Fixed assets21/28€76k€76k▼

Tangible fixed assets22/27€1k€669▼

Furniture and vehicles24€1k€669▼

Financial fixed assets28€75k€75k=

Current assets29/58€523k€535k▲

Stocks and contracts in progress3€460k€460k=

Stocks30/36€460k€460k=

Amounts receivable within one year40/41€63k€74k▲

Trade receivables40€5k€166▼

Other amounts receivable41€59k€73k▲

Cash at bank and in hand54/58€15€1k▲

Equity and liabilities

Total equity and liabilities10/49€599k€610k▲

Equity10/15€-13k€-48k▼

Contributions10/11€6k€6k=

Reserves13€2k€2k=

Distributable reserves133€2k€2k=

Profit (loss) carried forward14€-21k€-57k▼

Amounts payable17/49€613k€659k▲

Amounts payable within one year42/48€547k€593k▲

Financial debts43€24-

Credit institutions430/8€24-

Trade debts44€8k€9k▲

Suppliers440/4€8k€9k▲

Taxes, remuneration and social security45€11k€15k▲

Taxes450/3€11k-

Remuneration and social security454/9€53€15k▲

Other amounts payable47/48€527k€568k▲

Accrued charges and deferred income492/3€66k€66k=

Income statement Code20232024

Turnover70€38k€36k▼

Goods, raw materials, services and sundry goods60/61€20k€35k▲

Remuneration, social security and pensions62€24k€17k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€95€383▲

Other operating charges640/8€2k€1k▼

Non-recurring operating charges66A-€10k

Gross operating margin9900€20k€6k▼

Operating profit (loss)9901€-6k€-22k▼

Financial income75/76B€5k€23k▲

Recurring financial income75€5k€3k▼

Non-recurring financial income76B-€20k

Financial charges65/66B€37k€36k▼

Recurring financial charges65€37k€36k▼

Profit (loss) for the period before taxes9903€-38k€-35k▲

Income taxes67/77€129€134▲

Profit (loss) for the period9904€-38k€-35k▲

Profit (loss) for the period to be appropriated9905€-38k€-35k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-21k€-57k▼

Profit (loss) brought forward from the previous period14P€17k€-21k▼

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

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Timeline · acts, filings and financial milestones

All 13Financial 3Filings 10

2025

17-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 48 days late

2024

06-11

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 190 days late

2023

30-09

Financial Weakest financial yearnet €-38k ▼173%

Net result drops to €-38k, the lowest in the series; recovery starts the following year.

27-04

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

30-09

Financial Back to profitnet €52k

Net result €52k after one loss-making year.

2021

31-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 31 days late

2020

26-10

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 87 days late

2019

31-12

Financial Back to profitnet €7k

Net result €7k after one loss-making year.

07-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 7 days late

2018

30-08

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 30 days late

2017

07-08

NBB filing Annual accounts filed

fiscal year 2016 · micro schema

30-01

NBB filing Annual accounts filed

fiscal year 2016 · full schema

2016

18-08

NBB filing Annual accounts filed

fiscal year 2015 · full schema · 18 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Esneux · 1 establishment unit since 2012

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Rue Pèré Maron 344130 Esneux

Ground area

6,355 m²

Building footprint

62 m²

Volume, LiDAR

533 m³

2 parcels, Wallonia · tallest building 9.7 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

JOUETS le roi

Rue Nouvelle Percée(REM) 18, 4350 RemicourtManufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials

since 20122.210.372.553

2 parcels

Wallonia 2 (100%)