LVO SERVICES
ActiveLVO SERVICES has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €13.95M and a net result of €1.86M. Equity is growing by ~18.5% per year across the filed fiscal years. Its solvency ranks better than 52% of 4502 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
94
/ 100
Excellent▲ +25 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability67▼-10
Solvency75▲+25
Growth78=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.3M at 30 days acceptable
Liquidity ample (current ratio 1.53 against 0.75 in 2024), but 59.1% of the assets are financed with debt.
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
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
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
40.9%
Return on assets
5.5%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 d early
2024
83 d early
2023
14 d early
2022
18 d early
2021
31 d early
2020
17 d early
2019
95 d early
← before the deadline
after the deadline →
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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€1.86M▲ 3.8%
2024 · €1.80M
2018: €1.06M
2018: €-7k
2019: €1.52M
2020: €1.06M
2021: €1.17M
2022: €1.25M
2023: €1.42M
2024: €1.80M
2018 → 2025
Working capital
€1.05M
2024 · €-610k
2018: €-652k
2018: €-1.08M
2019: €-824k
2020: €-8.06M
2021: €-2.54M
2022: €-1.45M
2023: €-1.26M
2024: €-610k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€7.13M-€8.38M▲ 17.5%€9.80M▲ 17.0%€11.59M▲ 18.3%€13.95M▲ 20.3%
Operating result€191k-€819k▲ 328%€894k▲ 9.1%€1.05M▲ 17.4%€1.74M▲ 65.8%
Net result€1.17M-€1.25M▲ 7.1%€1.42M▲ 13.9%€1.80M▲ 26.3%€1.86M▲ 3.8%
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 66% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €34.07M
Fixed assets
€31.03M▲ 0.8%
Current assets
€3.04M▲ 64.0%
Equity and liabilities €34.07M
Equity
€13.95M▲ 20.3%
Debt
€20.12M▼ 4.3%
The debt ratio falls from 64.5% to 59.1%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€3.28M▲
2024 · €2.64M
Cash flow
€3.40M▲
2024 · €3.38M
Solvency
40.9%▲
2024 · 35.5%
Current ratio
1.53▲
2024 · 0.75
Quick ratio
1.53▲
2024 · 0.75
Debt / equity
1.44▼
2024 · 1.81
ROE
13.4%▼
2024 · 15.5%
ROA
5.5%▼
2024 · 5.5%
Interest coverage
8.55▲
2024 · 6.81
Debt
€20.12M▼
2024 · €21.03M
Debt ≤ 1 year
€1.99M▼
2024 · €2.46M
Debt > 1 year
€18.11M▼
2024 · €18.55M
Income taxes
€326k▲
2024 · €166k
Staff costs
€202k▼
2024 · €367k
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€32.63M€34.07M▲
Fixed assets21/28€30.77M€31.03M▲
Tangible fixed assets22/27€29.78M€31.03M▲
Land and buildings22€26.30M€28.87M▲
Plant, machinery and equipment23€2.30M€17k▼
Furniture and vehicles24€1.05M€300k▼
Assets under construction and advance payments27€132k€1.84M▲
Financial fixed assets28€996k€400▼
Current assets29/58€1.85M€3.04M▲
Amounts receivable within one year40/41€357k€619k▲
Trade receivables40€336k€342k▲
Other amounts receivable41€21k€277k▲
Cash at bank and in hand54/58€1.47M€2.40M▲
Deferred charges and accrued income490/1€31k€19k▼
Equity and liabilities
Total equity and liabilities10/49€32.63M€34.07M▲
Equity10/15€11.59M€13.95M▲
Contributions10/11€309k€273k▼
Capital10€309k€273k▼
Issued capital100€309k€273k▼
Reserves13€11.28M€13.67M▲
Non-distributable reserves130/1€31k€27k▼
Legal reserve130€31k€27k▼
Tax-exempt reserves132-€20k
Distributable reserves133€11.25M€13.62M▲
Profit (loss) carried forward14€2k€6k▲
Amounts payable17/49€21.03M€20.12M▼
Amounts payable after more than one year17€18.55M€18.11M▼
Financial debts170/4€18.54M€18.10M▼
Other amounts payable178/9€11k€11k=
Amounts payable within one year42/48€2.46M€1.99M▼
Current portion of amounts payable after more than one year42€2.26M€1.68M▼
Financial debts43€30k€50k▲
Credit institutions430/8€30k€50k▲
Trade debts44€109k€152k▲
Suppliers440/4€109k€152k▲
Taxes, remuneration and social security45€60k€109k▲
Taxes450/3€27k€109k▲
Remuneration and social security454/9€33k€152▼
Other amounts payable47/48€7k€0▼
Accrued charges and deferred income492/3€12k€22k▲
Income statement
Code20242025
Non-recurring operating income76A-€114k
Remuneration, social security and pensions62€367k€202k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.59M€1.54M▼
Other operating charges640/8€151k€223k▲
Non-recurring operating charges66A-€52k
Gross operating margin9900€3.15M€3.75M▲
Operating profit (loss)9901€1.05M€1.74M▲
Financial income75/76B€1.30M€834k▼
Recurring financial income75€1.30M€834k▼
Financial charges65/66B€387k€383k▼
Recurring financial charges65€387k€383k▼
Profit (loss) for the period before taxes9903€1.96M€2.19M▲
Income taxes67/77€166k€326k▲
Profit (loss) for the period9904€1.80M€1.86M▲
Transfer from tax-exempt reserves789-€267
Profit (loss) for the period to be appropriated9905€1.80M€1.86M▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.80M€1.87M▲
Profit (loss) brought forward from the previous period14P€1k€6k▲
Transfer to equity691/2€1.80M€1.86M▲
To the legal reserve6920-€215
To other reserves6921€1.80M€1.86M▲
Social balance
Average headcount (FTE)90875.46.8▲
The notes to these accounts (28 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
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
25-02
State Gazette act
General meeting · Demerger
Accounting effect · Capital increase · Lars HANSEN
25-02
State Gazette act
General meeting · Merger
Accounting effect · Capital increase · Lars Hansen
2025
31-12
Financial
Highest result since 2018net €1.86M ▲3.8%
Operating result €1.74M, net result €1.86M, both a record.
31-12
Financial
Liquidity doublescurrent ratio 1.53
Current ratio from 0.75 to 1.53; short-term debt falls from €2.46M to €1.99M.
09-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €10MEq €11.59M ▲18.3%
6 profitable years in a row build equity to €11.59M.
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €5MEq €5.96M ▲21.6%
2 profitable years in a row build equity to €5.96M.
27-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €1.52M
Net result €1.52M after one loss-making year.
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-12
Financial
Weakest financial yearnet €-7k ▼101%
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
20-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
29-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
30-06-2025
Resigned as Director
Location & real-estate footprint
Registered office, Herentals · 2 establishment units since 1991
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.
Gareelmakersstraat(HRT) 6-82200 HerentalsGround area
5.1 ha
Building footprint
2.3 ha
Volume, LiDAR
226,836 m³
2 parcels, Flanders · tallest building 23.7 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
LVO Services nv
since 19912.055.279.748
Zavelheide(HRT) 2, 2200 Herentals
since 20212.319.833.291
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13302C0392/00B000 | Flanders | 3.6 ha | 1 · 1.4 ha | 23.7 m · 5 fl. |
| 13302C0358/00B000 | Flanders | 1.5 ha | 1 · 8,689 m² | 9.1 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
2023 to 2024 · 2 entries · 14,015 EUR awarded · 14,015 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 4,755 EUR | 4,755 EUR |
| 2023 | 1 | 9,260 EUR | 9,260 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Similar companies · same sector, comparable size
VRC IMMO
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GOSSELIN-WDP
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Meise · Eq €14.01M
CAPELLA
BE 0458.875.821
Brecht · Eq €13.87M
RUS TONY INDUSTRIES
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Treesquare
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Of 11,974 companies in sector 68203 we hold annual accounts for 5,947. 1,524 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded14-11-1991
Fiscal year end31-12
Activities, NACEBEL
68203Renting and operating of own or leased non-residential real estate, excluding land
70100Activities of head offices
70203
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.