LVM Management
ActiveLVM Management has been active since 2002 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags). The 2025 annual accounts show equity of €193k and a net result of €-10k. Equity remains stable across the filed fiscal years (±1.7% per year). Its solvency ranks better than 26% of 12617 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-41
Solvency56▼-44
Growth32▼-26
Stability92
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days only on tighter terms
Liquidity tight (current ratio 1.48 against 3.24 in 2024), and 71.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine 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 69
Relative position
BE, all sectors
reference
Sector 69
lower
← 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-08-2026, 19 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 · 10 filingsDeviation from the deadline
2025
19 d late
2024
31 d late
2023
96 d late
2022
49 d late
2021
23 d late
2020
44 d late
2019
160 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
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.
Companies Code · seven monthsPosition in the running window
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-10k
2024 · €17k
2018: €16k
2019: €41k
2020: €7k
2021: €5k
2022: €10k
2023: €17k
2024: €17k
2018 → 2025
Working capital
€220k▼ 4.4%
2024 · €230k
2018: €250k
2019: €327k
2020: €310k
2021: €206k
2022: €207k
2023: €213k
2024: €230k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€155k-€169k▲ 9.0%€186k▲ 10.0%€203k▲ 8.9%€193k▼ 4.8%
Operating result€15k-€23k▲ 52.9%€34k▲ 47.9%€29k▼ 14.2%€-7k
Net result€5k-€10k▲ 93.6%€17k▲ 68.3%€17k▼ 2.3%€-10k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €7k after €29k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €683k
Fixed assets
€7k▼ 30.3%
Current assets
€676k▲ 104%
Equity and liabilities €683k
Equity
€193k▼ 4.8%
Provisions
€31k=
Debt
€459k▲ 326%
The debt ratio rises from 31.5% to 67.1%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-4k▼
2024 · €32k
Cash flow
€-7k▼
2024 · €19k
Solvency
28.3%▼
2024 · 59.3%
Current ratio
1.48▼
2024 · 3.24
Quick ratio
1.48▼
2024 · 3.24
Debt / equity
2.38▲
2024 · 0.53
ROE
-5.1%▼
2024 · 8.1%
ROA
-1.4%▼
2024 · 4.8%
Interest coverage
-1.28▼
2024 · 7.66
Debt
€459k▲
2024 · €108k
Debt ≤ 1 year
€457k▲
2024 · €102k
Debt > 1 year
€2k▼
2024 · €5k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€342k€683k▲
Fixed assets21/28€10k€7k▼
Tangible fixed assets22/27€10k€7k▼
Furniture and vehicles24€2k€872▼
Other tangible fixed assets26€8k€6k▼
Current assets29/58€332k€676k▲
Amounts receivable after more than one year29€156k-
Other amounts receivable291€156k-
Amounts receivable within one year40/41€176k€676k▲
Trade receivables40€138k€177k▲
Other amounts receivable41€38k€500k▲
Cash at bank and in hand54/58€36€23▼
Equity and liabilities
Total equity and liabilities10/49€342k€683k▲
Equity10/15€203k€193k▼
Contributions10/11€19k€19k=
Reserves13€162k€162k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€44k€44k=
Distributable reserves133€116k€116k=
Profit (loss) carried forward14€23k€13k▼
Provisions and deferred taxes16€31k€31k=
Provisions for liabilities and charges160/5€25k€25k=
Environmental obligations163€25k€25k=
Deferred taxes168€7k€7k=
Amounts payable17/49€108k€459k▲
Amounts payable after more than one year17€5k€2k▼
Financial debts170/4€5k€2k▼
Amounts payable within one year42/48€102k€457k▲
Current portion of amounts payable after more than one year42€3k€3k▲
Trade debts44€13k€41k▲
Suppliers440/4€13k€41k▲
Taxes, remuneration and social security45€26k€47k▲
Taxes450/3€26k€29k▲
Remuneration and social security454/9-€18k
Other amounts payable47/48€60k€366k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€58k-
Other operating charges640/8€5k€3k▼
Gross operating margin9900€95k€-502▼
Operating profit (loss)9901€29k€-7k▼
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€25k€-10k▼
Income taxes67/77€8k-
Profit (loss) for the period9904€17k€-10k▼
Profit (loss) for the period to be appropriated9905€17k€-10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€39k€13k▼
Profit (loss) brought forward from the previous period14P€23k€23k=
Transfer to equity691/2€17k-
To other reserves6921€17k-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
19-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 19 days late
2025
31-12
Financial
Weakest financial yearnet €-10k ▼159%
Net result drops to €-10k, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
08-08
KBO administration
Address struck
2024
31-12
Financial
Equity above €200kEq €203k ▲8.9%
7 profitable years in a row build equity to €203k.
04-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 96 days late
2023
18-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 49 days late
2022
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
13-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 44 days late
07-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 160 days late
2019
31-12
Financial
Highest result since 2018net €41k ▲154%
Operating result €56k, net result €41k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 5.01
Current ratio from 2.19 to 5.01; short-term debt falls from €210k to €81k.
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
05-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 36 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Charleroi · 2 establishment units since 2002
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.
Route de Philippeville 2496010 CharleroiGround area
5,797 m²
Building footprint
419 m²
Volume, LiDAR
1,943 m³
3 parcels, Wallonia · tallest building 18.7 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
LVM Management
since 20022.226.578.778
Establishment
since 20192.293.080.889
3 parcels
Wallonia
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52014B0068/00B008 | Wallonia | 2,535 m² | 1 · 58 m² | 11.8 m · 3 fl. |
| 93030A0027/00H023 | Wallonia | 2,210 m² | 1 · 210 m² | - |
| 52041A0427/00X002 | Wallonia | 1,052 m² | 1 · 151 m² | 18.7 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels 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
GEDEM
BE 0441.008.322
Beernem · Eq €193k
GILI
BE 0449.860.858
Lendelede · Eq €192k
L'IMMOBILIERE CHAMPETRE
BE 0440.995.751
Elsene · Eq €191k
WINKELMANS & Co
BE 0424.996.491
Heist-op-den-Berg · Eq €191k
KAVELCO
BE 0431.681.276
Lier · Eq €196k
Of 2,258 companies in sector 69209 we hold annual accounts for 1,090. 833 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-07-2002
Fiscal year end31-12
Activities, NACEBEL
69201Accountants
69209Other tax advisory services
74122
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.