Debts
€1.4m 97% of the balance sheet
After one year 0%Within one year 100%
Of this, €1.4m falls due within a year.
LVMS
Overview
Lifetime
1 annual account with figurespeak -€5,529 (2024)
-€5,529
lowest -€52,704 (2024)
-€52,704
peak €47,296 (2024)
€47,296
€1.4m
Board2 names since 2023
2 directorsVAESEN Sophie Françoise Louise Ghislaine and 1 other
Owners
50%MAREC
Documentsfilings and deeds
04-12-2025126 days late
2024micro format
Loss of €52,704First year with figures
Key points
from the 2024 annual accountsStarting capital
€100,000 100 shares
Position in the sector
-€52,704
Lower net result than 91% of companies in real estate. Sector median €4,579 · 19,144 companies.
2024 accounts filed 126 days after the deadlineTurnover not published (micro format)
Checked score
35
Weak
Financially stronger than 15% of micro companies in real estate (NACE 68)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
4.8% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.4%
01-2025: 1.4%● unchanged vs 12-2024
02-2025: 1.6%▲ +0.2 percentage points vs 01-2025
03-2025: 1.6%● unchanged vs 02-2025
04-2025: 1.6%● unchanged vs 03-2025
05-2025: 1.6%● unchanged vs 04-2025
06-2025: 1.7%▲ +0.1 percentage points vs 05-2025
07-2025: 1.8%▲ +0.1 percentage points vs 06-2025
08-2025: 1.8%● unchanged vs 07-2025
09-2025: 1.8%● unchanged vs 08-2025
10-2025: 1.8%● unchanged vs 09-2025
11-2025: 1.8%● unchanged vs 10-2025
12-2025: 1.8%● unchanged vs 11-2025
01-2026: 1.3%▼ -0.5 percentage points vs 12-2025lowest value
02-2026: 1.3%● unchanged vs 01-2026lowest value
03-2026: 1.4%▲ +0.1 percentage points vs 02-2026
04-2026: 1.4%● unchanged vs 03-2026
05-2026: 1.5%▲ +0.1 percentage points vs 04-2026
06-2026: 1.6%▲ +0.1 percentage points vs 05-2026
07-2026: 1.6%● unchanged vs 06-2026
08-2026: 2.4%▲ +0.8 percentage points vs 07-2026
09-2026: 3.0%▲ +0.6 percentage points vs 08-2026
10-2026: 4.8%▲ +1.8 percentage points vs 09-2026highest value
11-2026: 4.8%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Figures for financial year 2024 (filed on 05-12-2025)
1 financial year not filed after the legal deadline; last filed accounts filed 126 days late; 1 of the last 3 accounts late
No registered site in the KBO
lowers risk
Size: total assets €1.5m
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 24% of them on solvency, 4% on liquidity and 16% on profitability.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 865 companies had the same profile as LVMS has now. Each dot stands for 3 companies, two years later.
96.6%
were still trading
1.7%
stopped another way
1.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of LVMS itself is higher: 4.8% within 12 months. It rests on far more data about LVMS than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 865 companies, not a prediction for LVMS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €1,500 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity is insufficient, with a current ratio of 0.7, below 1. Short-term debt is 96.6% and cash 0.7% of total assets. 96.8% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 19156 sector peers (2024).
NBB · sector comparisonPosition among 19156 sector peers
Solvency
better than 24%
← weakest
strongest →
raises risk · 2024 accounts filed 126 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-12-2025, 126 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 1 filingDeviation from the deadline
2024
126 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its 2024 accounts 126 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (1)
Recent changes
Incorporation
Founding capital of €100,000, 100 shares · Founders: MAREC and VAESEN Sophie Françoise Louise Ghislaine · Appointments: VAESEN Sophie Françoise Louise Ghislaine (director) and VAN LANGENACKER Olivier Pascal Christian (director) · published on 11-07-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| LVMS Blegny | €1.5m | -€5,529 | 3.2% | - |
| THE WALDEN Leuven | €1.4m | -€34,338 | 56.3% | - |
| ETS Résidence Aubange | €1.6m | -€27,402 | -6.1% | - |
| BOUSHABA - OZGEN IMMO Liège | €0.9m | -€13,309 | -14.8% | - |
| Yucca Real Estate Zedelgem | €2.2m | -€6,227 | -7.4% | - |
| DUCHESS REAL ESTATE DEVELOPMENT Lasne | €1.0m | -€7,449 | -14.3% | - |
| ByLarCo Hasselt | €1.9m | -€4,418 | 46.1% | - |
These companies have the same main activity as LVMS: real estate agency activities (NACE 68310). They are comparable in size and age: total assets between €864,000 and €2.2m, founded between 2022 and 2024.
Official details
Source: KBO- Status
- Active since 07-07-2023Normal situation
- Activity
- Real estate agency activitiesNACE 68310and 3 others
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Insights on LVMS
The computed 12-month bankruptcy probability of LVMS is 4.8% (elevated). The 2024 annual accounts show equity of €47,296 and a net result of -€52,704.
Its solvency ranks better than 24% of 19,156 sector peers (NACE 68, financial year 2024). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2024
micro format, filed on 04-12-2025, 126 days late-€5,529
-€32,070
-€52,704
-€428,882
3.2%
0.70
Turnover and EBIT margin are not published. The micro format does not require them.
In the rankings
#5 company by total assets in Blegny, Real estate sector
Balance sheet
balance sheet total €1.5m on 31-12-2024What the company ownsHow it is paid for
Position in the sector
3.2%
Higher than 24% of 19,156 companies in 2024.
0.70
Higher than 35% of 18,317 companies in 2024.
-3.6%
Higher than 21% of 18,795 companies in 2024.
LVMS
Middle half of the sector
80% of the sector
Micro accounts in real estate (NACE 68)
Net result: bottom quarter · Equity: middle half · Balance sheet total: top quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2024 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
1.5m | |
20 |
913 | |
21/28 |
478,153 | |
21 |
16,850 | |
22/27 |
436,303 | |
22 |
436,303 | |
28 |
25,000 | |
29/58 |
978,660 | |
40/41 |
31,174 | |
41 |
31,174 | |
50/53 |
932,996 | |
54/58 |
9,887 | |
490/1 |
4,604 | |
| Balance sheet: equity and liabilities | ||
10/49 |
1.5m | |
10/15 |
47,296 | |
10/11 |
100,000 | |
14 |
-52,704 | |
17/49 |
1.4m | |
42/48 |
1.4m | |
42 |
450,000 | |
44 |
891 | |
440/4 |
891 | |
47/48 |
956,651 | |
492/3 |
2,889 | |
| Income statement | ||
9900 |
-5,529 | |
630 |
21,110 | |
640/8 |
5,430 | |
9901 |
-32,070 | |
75/76B |
11,955 | |
75 |
11,955 | |
65/66B |
32,589 | |
65 |
32,589 | |
9903 |
-52,704 | |
9904 |
-52,704 | |
9905 |
-52,704 | |
| Appropriation of the result | ||
9906 |
-52,704 | |
| Document | ||
The notes to these accounts have 11 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2024 (PDF), filed on 04-12-2025.
Filings
each dot is a set of accounts, on the day it reached the National Bank2024 annual accounts filed 126 days after the deadline. Filed on 4 December 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00576149.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 04-12-2025 | 2025-00576149 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2024 |
|---|---|---|
| -10,959 | ||
| -31,594 | ||
| 498,877 | ||
| -428,882 | ||
| 3.2% | ||
| 0.70 | ||
| 29.82 | ||
| -111.4% | ||
| -3.6% | ||
| -0.34 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2024 |
|---|---|
| Tangible fixed assets | €452,771 |
| Intangible fixed assets | €21,106 |
| Financial fixed assets | €25,000 |
| €21,110 |
Source: notes to the 2024 annual accounts (statement of fixed assets)
Insights on LVMS
Debt's share of the balance-sheet total is 96.8%.
Board & ownership
Board
2 directors, since incorporationDirector (not named in the articles)
appointed by deed of 11-07-2023
listed in the 2024 annual accounts, filed on 04-12-2025
Director (not named in the articles)
appointed by deed of 11-07-2023
term without a fixed end
listed in the 2024 annual accounts, filed on 04-12-2025
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 11-07-2023
Mandates through the years
2 names, the dashed line is todayVAESEN Sophie Françoise Louise Ghislaine
Director (not named in the articles)
Director (not named in the articles)
VAN LANGENACKER Olivier Pascal Christian
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- VAESEN Sophie Françoise Louise Ghislaine
- Director (not named in the articles), appointed by deed of 11-07-2023, still in office
- VAN LANGENACKER Olivier Pascal Christian
- Director (not named in the articles), appointed by deed of 11-07-2023, still in office
Control
Shareholder
Equity €646,925
Loss €62,027 in 2024 (profit €482,802 in 2023)
Checked score 55
Source: accounts MAREC 2024
50%
This company
LVMS
Equity €47,296
Loss €52,704 in 2024
Capital
- Contribution
- €100,000
- Shares
- 100
- Contribution per share
- €1,000
- Equity per share
- €473 in 2024
- Source
- deed of 11-07-2023
Owners through the years
as the annual accounts name themOwners as a list
- MAREC
Source: lists of holdings in the owners' accounts
Articles of association
deed of 11-07-2023 (in French)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Organe d'administration, assemblée fixe nombre,durée,pouvoirs en cas de pluralité”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Friday of June at 19:00
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Capital transactions
Shareholders according to the deeds
At incorporation
deed of 11-07-2023 ↗
- MAREC (BE 0436.806.935) 50 shares (50%) · €50,000
- VAESEN Sophie Françoise Louise Ghislaine 50 shares (50%) · €50,000
Capital over time
- 11-07-2023 Incorporation · €100,000 · 100 shares
Network & group
No group
LVMS has no parent and no holdings in its annual accounts.
At the same address
Trou du Renard 3, 4671 Blegny · 6 other companies| SOLISACO
establishment since 01-08-2017 · founded in 2017 · group KORYS |
22 FTE (2026) 0676.889.061 |
| MAREC
registered office since 20-02-1989 · founded in 1989 · accounts filed late |
total assets €1.2m (2024) 0436.806.935 |
| ZENY
registered office since 18-06-2021 · founded in 2021 · accounts filed late |
total assets €534,564 (2024) 0769.867.521 |
| MARAMA
registered office since 25-04-2023 · founded in 2023 · negative equity (2024) · accounts filed late |
total assets €31,776 (2024) 0801.121.713 |
| CX-SUN
registered office since 03-10-2022 · founded in 2022 · accounts filed late |
total assets €20,950 (2024) 0791.775.267 |
| DELTA LG
registered office since 20-10-2023 |
founded in 2023 1001.439.084 |
Earlier ties
| POINTNEUPRE via Sophie VAESEN, no longer at POINTNEUPRE · Managing director · deed of 18-09-2020 No longer active · group KORYS |
4.6 FTE (2023) |
Connections & network
1 connected companyThe connected companies are in the list below.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
MARAMA
via Sophie VAESEN · Director (not named in the articles) · deed of 27-04-2023
Founded in 2023 · total assets €31,776 (2024) · negative equity · accounts filed late
→
Timeline
Timeline
2 events since 2023Filings
2023202420252026
2025
Annual accounts 2024 filed PDFmicro format · 126 days late
2023
IncorporationFounding capital of €100,000, 100 shares · Founders: MAREC and VAESEN Sophie Françoise Louise Ghislaine · Appointments: VAESEN Sophie Françoise Louise Ghislaine (director) and VAN LANGENACKER Olivier Pascal Christian (director) · published on 11-07-20238 points ▸
- Founder, MAREC
- Founder, VAESEN Sophie Françoise Louise Ghislaine
- Founding capital, €100,000, 100 shares
- Registered office clause, Trou du Renard 3, 4671 Blégny (Saive)
- Board rule, 2
- Director appointment, VAESEN Sophie Françoise Louise Ghislaine (director (not named in the articles))
- Director appointment, VAN LANGENACKER Olivier Pascal Christian (director (not named in the articles))
- Permanent representative, VAN LANGENACKER Olivier Pascal Christian
- The deed holds 6 more points.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
Company details
Identity
- Enterprise number
- 0803.744.671
- VAT number
- BE 0803.744.671
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 07-07-2023
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Friday of June at 19:00deed of 11-07-2023 (in French)
- Peppol
- Not found in the Peppol Directory
- Name
- LVMS in French
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 11-07-2023 (in French)
Activities
NACEBEL 202568310
Real estate agency activities main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “La constitution, la gestion, l'exploitation, la mise en valeur d'un patrimoine mobilier, en ce compris la prise de participations, sous…”deed of 11-07-2023 (in French)
7 activities
- La constitution, la gestion, l'exploitation, la mise en valeur d'un patrimoine mobilier, en ce compris la prise de participations, sous quelque forme que ce soit, dans toutes sociétés belges ou étrangères, l'acquisition par voie d'achat, de souscription, d'échange ou de toute autre manière, ainsi que l'aliénation par vente, échange, ou de toute autre manière, d'actions, d'obligations, de bons et de valeurs mobilières de toutes espèces.
- Peut s’intéresser par voie d’apport, de fusion, d’absorption, de souscription, de participations financières ou autrement, dans toutes sociétés ou entreprises existantes ou à créer, ayant un objet analogue ou connexe au sien, ou de nature à faciliter ou favoriser la réalisation de son objet tel que défini ci-dessus.
- Peut, tant en Belgique qu’à l’étranger, faire toutes opérations commerciales, industrielles, immobilières ou financières, se rattachant directement ou indirectement à son objet ou qui seraient de nature à en faciliter directement ou indirectement, entièrement ou partiellement, la réalisation.
- La constitution, la gestion, l'exploitation, la mise en valeur d'un patrimoine immobilier, et pour ce faire, notamment, l'aliénation, l'acquisition, la constitution, la location de tout bien ou droit réel immobilier.
- La gestion pour compte propre d'un patrimoine de valeurs mobilières et immobilières, incluant notamment mais non exclusivement : des actions et parts belges ou étrangères, cotées ou non, à titre provisoire ou permanent, des obligations, bons de caisse, warrants, options et titres analogues;
- Des terrains et constructions, en général toute valeur mobilière et immobilière.
- La participation à tout projet immobilier, de construction, promotion immobilière, sous quelque forme que ce soit, par le biais de partenaires ou de cocontractants bénéficiant des autorisations requises et des accès à la profession ainsi que toute opération à caractère immobilier, telle que l’achat, la détention, la vente, la cession, l’échange, la construction, la gestion de tous biens immeubles de toute nature qu’elle peut également donner en location en ce compris la location-financement, acquérir par voie d’apport, de fusion ou d’absorption ainsi que cultiver, faire cultiver ou mettre en jachère.
Registered office and establishments
| Trou du Renard 3 registered office 4671 Blegny |
Buildings and parcels at the address
- Ground area
- 956 m²
- Buildings
- 160 m²
- Volume, LiDAR
- 770 m³
- Tallest building
- 6.4 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 62095B0139/00F000 | 956 m² | 1 · 160 m² | 6.4 m · 2 |