LVM-TECHNICS
ActiveSummary
The computed 12-month bankruptcy probability of LVM-TECHNICS is 2.6% (moderate). The 2025 annual accounts show equity of €21k and a net result of €324. Equity is shrinking by ~14.9% per year across the filed fiscal years. Its solvency ranks better than 50% of 7838 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability70▲+65
Solvency69▲+10
Growth32=
Track record94
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 1.61 against 1.41 in 2024; short-term debt: 56.2% and cash: 9.5% of total assets), but 56.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
43.8%
Return on assets
0.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 3 filingsDeviation from the deadline
2025
31 d late
2024
60 d late
2023
29 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€21k▲ 1.6%
2024 · €20k
2023: €27khighest in 3 years
2024: €20k▼ -24.1% vs 2023lowest in 3 years
2025: €21k▲ +1.6% vs 2024
2023 → 2025
Total assets
€48k▼ 22.3%
2024 · €61k
2023: €57k
2024: €61k▲ +6.4% vs 2023highest in 3 years
2025: €48k▼ -22.3% vs 2024lowest in 3 years
2023 → 2025
Net result
€324
2024 · €-7k
2023: €22khighest in 3 years
2024: €-7k▼ -130% vs 2023lowest in 3 years
2025: €324▲ +105% vs 2024
2023 → 2025
Working capital
€16k▼ 2.5%
2024 · €17k
2023: €26khighest in 3 years
2024: €17k▼ -35.1% vs 2023
2025: €16k▼ -2.5% vs 2024lowest in 3 years
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€27k-€20k▼ 24.1%€21k▲ 1.6%
2023: €27khighest in 3 years
2024: €20k▼ -24.1% vs 2023lowest in 3 years
2025: €21k▲ +1.6% vs 2024
Operating result€28k-€-6k€3k
2023: €28khighest in 3 years
2024: €-6k▼ -122% vs 2023lowest in 3 years
2025: €3k▲ +142% vs 2024
Net result€22k-€-7k€324
2023: €22khighest in 3 years
2024: €-7k▼ -130% vs 2023lowest in 3 years
2025: €324▲ +105% vs 2024
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 2025: €3k after a loss of €6k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €46k
Fixed assets
€3k ▲ 34.6%
Current assets
€43k ▼ 25.1%
Equity and liabilities €48k
Equity
€21k ▲ 1.6%
Debt
€27k ▼ 34.3%
Debt's share of the balance-sheet total falls from 66.5% to 56.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€3k▲
2024 · €-6k
Cash flow
€1k▲
2024 · €-6k
Current ratio
1.61▲
2024 · 1.41
Debt to equity
1.28▼
2024 · 1.98
ROE
1.6%▲
2024 · -31.8%
ROA
0.7%▲
2024 · -10.7%
Interest coverage
15.80▲
2024 · -17.35
Debt ≤ 1 year
€27k▼
2024 · €41k
Income taxes
€3k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€61k€48k▼
Formation expenses20€1k€1k▼
Fixed assets21/28€3k€3k▲
Tangible fixed assets22/27€3k€2k▼
Plant, machinery and equipment23€989€761▼
Furniture and vehicles24€2k€1k▼
Financial fixed assets28-€2k
Current assets29/58€57k€43k▼
Stocks and contracts in progress3€20k-
Stocks30/36€20k-
Amounts receivable within one year40/41€36k€35k▼
Trade receivables40€27k€15k▼
Other amounts receivable41€9k€20k▲
Current investments50/53-€2k
Cash at bank and in hand54/58€40€4k▲
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€61k€48k▼
Equity10/15€20k€21k▲
Contributions10/11€5k€5k=
Reserves13-€16k
Distributable reserves133-€16k
Profit (loss) carried forward14€15k-
Amounts payable17/49€41k€27k▼
Amounts payable within one year42/48€41k€27k▼
Trade debts44€4k€9k▲
Suppliers440/4€4k€9k▲
Advances received on contracts in progress46€22k€12k▼
Taxes, remuneration and social security45€7k€6k▼
Taxes450/3€4k€6k▲
Remuneration and social security454/9€3k-
Other amounts payable47/48€8k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€596€767▲
Other operating charges640/8€706€1k▲
Gross operating margin9900€-5k€4k▲
Operating profit (loss)9901€-6k€3k▲
Financial income75/76B€3€522▲
Recurring financial income75€3€363▲
Non-recurring financial income76B-€159
Financial charges65/66B€323€212▼
Recurring financial charges65€323€212▼
Profit (loss) for the period before taxes9903€-7k€3k▲
Income taxes67/77-€3k
Profit (loss) for the period9904€-7k€324▲
Profit (loss) for the period to be appropriated9905€-7k€324▲
Appropriation of the result
Profit (loss) to be appropriated9906€15k€16k▲
Profit (loss) brought forward from the previous period14P€22k€15k▼
Transfer to equity691/2-€16k
To other reserves6921-€16k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €129 | €596 | €767 | ▲ 28.8% |
| Other operating charges640/8 | €450 | €706 | €1k | ▲ 48.6% |
| Non-recurring operating charges66A | €188 | - | - | - |
| Gross operating margin9900 | €29k | €-5k | €4k | ▲ 190% |
| Operating profit (loss)9901 | €28k | €-6k | €3k | ▲ 142% |
| Financial income75/76B | - | €3 | €522 | ▲ 17,905% |
| Recurring financial income75 | - | €3 | €363 | ▲ 12,422% |
| Non-recurring financial income76B | - | - | €159 | - |
| Financial charges65/66B | €50 | €323 | €212 | ▼ 34.2% |
| Recurring financial charges65 | €50 | €323 | €212 | ▼ 34.2% |
| Profit (loss) for the period before taxes9903 | €28k | €-7k | €3k | ▲ 144% |
| Income taxes67/77 | €6k | - | €3k | - |
| Profit (loss) for the period9904 | €22k | €-7k | €324 | ▲ 105% |
| Profit (loss) for the period to be appropriated9905 | €22k | €-7k | €324 | ▲ 105% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €57k | €61k | €48k | ▼ 22.3% |
| Formation expenses20 | €1k | €1k | €1k | ▼ 12.2% |
| Fixed assets21/28 | - | €3k | €3k | ▲ 34.6% |
| Tangible fixed assets22/27 | - | €3k | €2k | ▼ 23.3% |
| Plant, machinery and equipment23 | - | €989 | €761 | ▼ 23.0% |
| Furniture and vehicles24 | - | €2k | €1k | ▼ 23.6% |
| Financial fixed assets28 | - | - | €2k | - |
| Current assets29/58 | €56k | €57k | €43k | ▼ 25.1% |
| Stocks and contracts in progress3 | - | €20k | - | - |
| Stocks30/36 | - | €20k | - | - |
| Amounts receivable within one year40/41 | €10k | €36k | €35k | ▼ 4.0% |
| Trade receivables40 | €1k | €27k | €15k | ▼ 44.1% |
| Other amounts receivable41 | €8k | €9k | €20k | ▲ 111% |
| Current investments50/53 | - | - | €2k | - |
| Cash at bank and in hand54/58 | €45k | €40 | €4k | ▲ 11,108% |
| Deferred charges and accrued income490/1 | €1k | €1k | €2k | ▲ 43.6% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €57k | €61k | €48k | ▼ 22.3% |
| Equity10/15 | €27k | €20k | €21k | ▲ 1.6% |
| Contributions10/11 | €5k | €5k | €5k | = |
| Reserves13 | - | - | €16k | - |
| Distributable reserves133 | - | - | €16k | - |
| Profit (loss) carried forward14 | €22k | €15k | - | - |
| Amounts payable17/49 | €30k | €41k | €27k | ▼ 34.3% |
| Amounts payable within one year42/48 | €30k | €41k | €27k | ▼ 34.3% |
| Trade debts44 | €6k | €4k | €9k | ▲ 107% |
| Suppliers440/4 | €6k | €4k | €9k | ▲ 107% |
| Advances received on contracts in progress46 | - | €22k | €12k | ▼ 45.4% |
| Taxes, remuneration and social security45 | €7k | €7k | €6k | ▼ 15.3% |
| Taxes450/3 | €6k | €4k | €6k | ▲ 34.3% |
| Remuneration and social security454/9 | €2k | €3k | - | - |
| Other amounts payable47/48 | €17k | €8k | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €22k | €-7k | €324 | ▲ 105% |
| + Depreciation and write-downs630 | €129 | €596 | €767 | ▲ 28.8% |
| Operating cash flow (approximation) | €22k | €-6k | €1k | ▲ 118% |
| Investment in fixed assets (approximation) | - | - | €-2k | - |
| Change in cash | - | €-45k | €4k | ▲ 110% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Back to profitnet €324
Net result €324 after one loss-making year.
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Brecht · 1 establishment unit since 2023
Ground area
625 m²
Building footprint
131 m²
Volume, LiDAR
501 m³
Parcel 11333D0727/00F000, Flanders · tallest building 5.5 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
LVM-TECHNICS
since 20232.348.294.378
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11333D0727/00F000 | Flanders | 625 m² | 1 · 131 m² | 5.5 m · 1 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.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 930 EUR awarded · 930 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 537 EUR | 537 EUR |
| 2024 | 1 | 393 EUR | 393 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 7,041 companies in sector 43221 we hold annual accounts for 3,473. 2,477 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
Founded25-07-2023
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
43222Installation of electric heating, air conditioning, cooling and ventilation
Scores and ratios are computed by Checked and are not a credit decision.