LVH
ActiveSummary
LVH has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.6m and a net result of €37,584. Equity is growing by ~7.6% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability71▲+41
Solvency89=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110,000 at 30 days acceptable
Liquidity ample (current ratio 2.42 against 2.8 in 2023; short-term debt: 19.6% and cash: 2.1% of total assets), and 35.9% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
64.1%
Return on assets
1.5%
Age of the figures
22 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-11-2025 was due by 30-06-2026 and was filed on 28-06-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
4 d early
2023
3 d early
2022
18 d early
2021
347 d late
2020
22 d early
2019
6 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 42 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-11-2026 and is due by 30-06-2027. Nothing is late today. Usually files around 28 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today30-11-2026 close30-06-2027 deadline
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€1.6m▲ 2.4%
2023 · €1.5m
Total assets
€2.5m▲ 2.7%
2023 · €2.4m
Net result
€37,584
2023 · -€70,525
Working capital
€689,375▲ 0.6%
2023 · €685,265
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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-€21,694€886,779€11,809▼ 98.7%-€67,484€35,330
Net result-€27,636below the sector's middle half€656,359above the sector's middle half€5,962within the sector's middle half▼ 99.1%-€70,525below the sector's middle half€37,584within the sector's middle half
Equity€945,597above the sector's middle half▼ 1.8%€1.6mabove the sector's middle half▲ 70.3%€1.6mabove the sector's middle half▲ 0.4%€1.5mabove the sector's middle half▼ 4.4%€1.6mabove the sector's middle half▲ 2.4%
Total assets€2.2mabove the sector's middle half▲ 14.4%€2.6mabove the sector's middle half▲ 19.3%€2.5mabove the sector's middle half▼ 2.8%€2.4mabove the sector's middle half▼ 5.3%€2.5mabove the sector's middle half▲ 2.7%
Debt€1.2m▲ 35.4%€701,862▼ 39.5%€700,287▼ 0.2%€635,296▼ 9.3%€662,725▲ 4.3%
Working capital-€404,389below the sector's middle half▼ 115%€477,176within the sector's middle half€836,682above the sector's middle half▲ 75.3%€685,265above the sector's middle half▼ 18.1%€689,375above the sector's middle half▲ 0.6%
Solvency43.2%within the sector's middle half▼ 7.1pp61.6%above the sector's middle half▲ 18.4pp63.6%above the sector's middle half▲ 2.0pp64.2%above the sector's middle half▲ 0.7pp64.1%above the sector's middle half▼ 0.2pp
Current ratio0.39below the sector's middle half▼ 0.202.67within the sector's middle half▲ 2.273.29above the sector's middle half▲ 0.632.80within the sector's middle half▼ 0.492.42within the sector's middle half▼ 0.38
Return on assets (ROA)-1.3%below the sector's middle half▼ 1.3pp25.1%above the sector's middle half▲ 26.4pp0.2%within the sector's middle half▼ 24.9pp-2.9%below the sector's middle half▼ 3.2pp1.5%within the sector's middle half▲ 4.5pp
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €35,330 after a loss of €67,484 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.5m
Fixed assets
€1.3m ▼ 3.2%
Current assets
€1.2m ▲ 10.2%
Equity and liabilities €2.5m
Equity
€1.6m ▲ 2.4%
Provisions
€224,998 =
Debt
€662,725 ▲ 4.3%
Debt's share of the balance-sheet total rises from 26.4% to 26.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€56,301
Cash flow
€58,555
Debt to equity
0.42▲
2023 · 0.41
ROE
2.4%▲
2023 · -4.6%
Interest coverage
20.38
Debt ≤ 1 year
€485,376▲
2023 · €381,207
Debt > 1 year
€177,349▼
2023 · €254,089
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,732 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,340 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% | 1.8% |
| 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 14,732 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €58,934 | - | - | - | €20,971 | - |
| Other operating charges640/8 | - | €23,584 | €12,858 | €65,925 | €59,638 | ▼ 9.5% |
| Gross operating margin9900 | €56,990 | €910,363 | €24,667 | -€1,559 | €115,939 | ▲ 7,537% |
| Operating profit (loss)9901 | -€21,694 | €886,779 | €11,809 | -€67,484 | €35,330 | ▲ 152% |
| Financial income75/76B | - | €77 | €2 | €82 | €5,016 | ▲ 6,017% |
| Recurring financial income75 | - | €77 | €2 | €82 | €5,016 | ▲ 6,017% |
| Financial charges65/66B | - | €4,738 | €5,849 | €2,958 | €2,762 | ▼ 6.6% |
| Recurring financial charges65 | €5,942 | €4,738 | €5,849 | €2,958 | €2,762 | ▼ 6.6% |
| Profit (loss) for the period before taxes9903 | -€27,636 | €882,118 | €5,962 | -€70,360 | €37,584 | ▲ 153% |
| Transfer to deferred taxes680 | - | €224,998 | - | - | - | - |
| Income taxes67/77 | - | €761 | - | €165 | - | - |
| Profit (loss) for the period9904 | -€27,636 | €656,359 | €5,962 | -€70,525 | €37,584 | ▲ 153% |
| Transfer from tax-exempt reserves789 | - | €8,606 | - | - | €125,586 | - |
| Transfer to tax-exempt reserves689 | - | €674,995 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €2,163 | -€10,030 | €5,962 | -€70,525 | €163,170 | ▲ 331% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.2m | €2.6m | €2.5m | €2.4m | €2.5m | ▲ 2.7% |
| Fixed assets21/28 | €1.9m | €1.9m | €1.3m | €1.3m | €1.3m | ▼ 3.2% |
| Tangible fixed assets22/27 | €1.9m | €1.9m | €1.3m | €1.3m | €1.3m | ▼ 3.3% |
| Land and buildings22 | - | €1.9m | €1.3m | €1.3m | €1.3m | ▼ 3.3% |
| Plant, machinery and equipment23 | - | - | €6,000 | €6,000 | €6,000 | = |
| Financial fixed assets28 | - | - | €25,000 | €25,000 | €25,000 | = |
| Current assets29/58 | €260,019 | €763,711 | €1.2m | €1.1m | €1.2m | ▲ 10.2% |
| Amounts receivable within one year40/41 | €3,899 | €7,264 | €54,661 | €31,054 | €943,572 | ▲ 2,938% |
| Other amounts receivable41 | - | €7,264 | €54,661 | €31,054 | €943,572 | ▲ 2,938% |
| Current investments50/53 | €223,000 | €94,500 | €10,000 | €10,000 | €180,042 | ▲ 1,700% |
| Cash at bank and in hand54/58 | €33,120 | €661,947 | €1.1m | €1.0m | €51,137 | ▼ 95.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.2m | €2.6m | €2.5m | €2.4m | €2.5m | ▲ 2.7% |
| Equity10/15 | €945,597 | €1.6m | €1.6m | €1.5m | €1.6m | ▲ 2.4% |
| Contributions10/11 | €428,602 | €428,602 | €428,602 | €428,602 | €428,602 | = |
| Capital10 | - | €428,602 | €428,602 | €428,602 | €428,602 | = |
| Issued capital100 | - | €428,602 | €428,602 | €428,602 | €428,602 | = |
| Reserves13 | €513,446 | €1.2m | €1.2m | €1.2m | €1.1m | ▼ 10.6% |
| Non-distributable reserves130/1 | - | €42,860 | €42,860 | €42,860 | €42,860 | = |
| Legal reserve130 | - | €42,860 | €42,860 | €42,860 | €42,860 | = |
| Tax-exempt reserves132 | - | €1.0m | €1.0m | €1.0m | €819,995 | ▼ 21.6% |
| Distributable reserves133 | - | €100,000 | €100,000 | €100,000 | €200,000 | ▲ 100% |
| Profit (loss) carried forward14 | €3,549 | -€6,481 | -€519 | -€71,044 | €92,126 | ▲ 230% |
| Provisions and deferred taxes16 | €86,066 | €302,458 | €224,998 | €224,998 | €224,998 | = |
| Deferred taxes168 | - | €302,458 | €224,998 | €224,998 | €224,998 | = |
| Amounts payable17/49 | €1.2m | €701,862 | €700,287 | €635,296 | €662,725 | ▲ 4.3% |
| Amounts payable after more than one year17 | €495,125 | €415,327 | €334,981 | €254,089 | €177,349 | ▼ 30.2% |
| Financial debts170/4 | - | €415,327 | €334,981 | €254,089 | €177,349 | ▼ 30.2% |
| Amounts payable within one year42/48 | €664,408 | €286,535 | €365,306 | €381,207 | €485,376 | ▲ 27.3% |
| Current portion of amounts payable after more than one year42 | - | €79,798 | €80,347 | €80,892 | €76,767 | ▼ 5.1% |
| Trade debts44 | - | €3,664 | €226,066 | €220,705 | €313,056 | ▲ 41.8% |
| Suppliers440/4 | - | €3,664 | €226,066 | €220,705 | €313,056 | ▲ 41.8% |
| Taxes, remuneration and social security45 | - | €12,206 | - | €15,589 | €51,278 | ▲ 229% |
| Taxes450/3 | - | €12,206 | - | €15,589 | €51,278 | ▲ 229% |
| Other amounts payable47/48 | - | €190,867 | €58,893 | €64,021 | €44,275 | ▼ 30.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€27,636 | €656,359 | €5,962 | -€70,525 | €37,584 | ▲ 153% |
| + Depreciation and write-downs630 | €58,934 | - | - | - | €20,971 | - |
| Operating cash flow (approximation) | €31,298 | €656,359 | €5,962 | -€70,525 | €58,555 | ▲ 183% |
| Investment in fixed assets (approximation) | - | €80,006 | €511,350 | €0 | €22,295 | - |
| Change in cash | - | €628,827 | €475,380 | -€111,909 | -€974,281 | ▼ 771% |
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
Next filing, fiscal year 2026, expected by
2026
28-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-11
Financial
Back to profitnet €37,584
Net result €37,584 after one loss-making year.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-11
Financial
Weakest financial yearnet -€70,525
Net result drops to -€70,525, the lowest in the series; recovery starts the following year.
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
12-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 347 days late
2021
30-11
Financial
Back to profitnet €656,359
Net result €656,359 after one loss-making year.
30-11
Financial
Liquidity times 7current ratio 2.67
Current ratio from 0.39 to 2.67; short-term debt falls from €664,408 to €286,535.
30-11
Financial
Equity above €1mEq €1.6m ▲70.3%
Equity rises from €945,597 to €1.6m.
08-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
31-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Deinze · 1 establishment unit since 1989
Ground area
1.7 ha
Building footprint
1,867 m²
Volume, LiDAR
11,604 m³
Parcel 44006C0347/00P000, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
LVH
since 19892.044.098.222
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44006C0347/00P000 | Flanders | 1.7 ha | 1 · 1,867 m² | 9.0 m · 2 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.
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Of 29,786 companies in sector 41001 we hold annual accounts for 16,061. 4,787 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded05-06-1989
Fiscal year end30-11
Activities, NACEBEL 2025
41001General construction of residential buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0437627178
Also
9925:BE0437627178
Registered
04-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
General meetings
1 convocationOrdinary general meeting
1. Verslag raad van bestuur. 2. Goedkeuring jaarrekening per 31 december 2007. 3. Bestemming van het resultaat. 4. Kwijting van de bestuurders. 5. Allerlei.