LVR
ActiveSummary
LVR has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.85M and a net result of €387k. Equity is growing by ~16.4% per year across the filed fiscal years. Its solvency ranks better than 95% of 1747 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability93▼-7
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €160k at 30 days acceptable
Liquidity ample (current ratio 14.28 against 10.25 in 2024; short-term debt: 6.9% and cash: 3.8% of total assets), and 6.9% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Crop and animal production, hunting and related service activities (NACE 01)
about 70% fewer 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
93.1%
Return on assets
19.5%
Age of the figures
9 mo
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 · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
11 d early
2023
11 d early
2022
15 d early
2021
38 d early
2020
40 d early
2019
4 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
€1.85M▲ 1.2%
2024 · €1.83M
2018: €597klowest in 8 years
2019: €770k▲ +28.9% vs 2018
2020: €969k▲ +25.8% vs 2019
2021: €1.05M▲ +8.7% vs 2020
2022: €1.07M▲ +1.8% vs 2021
2023: €1.18M▲ +10.5% vs 2022
2024: €1.83M▲ +54.1% vs 2023
2025: €1.85M▲ +1.2% vs 2024highest in 8 years
2018 → 2025
Total assets
€1.98M▼ 1.6%
2024 · €2.02M
2018: €1.19Mlowest in 8 years
2019: €1.24M▲ +3.6% vs 2018
2020: €1.27M▲ +2.6% vs 2019
2021: €1.39M▲ +9.1% vs 2020
2022: €1.20M▼ -13.2% vs 2021
2023: €1.31M▲ +9.2% vs 2022
2024: €2.02M▲ +53.5% vs 2023highest in 8 years
2025: €1.98M▼ -1.6% vs 2024
2018 → 2025
Net result
€387k▼ 39.6%
2024 · €641k
2018: €196k
2019: €173k▼ -12.0% vs 2018
2020: €199k▲ +15.2% vs 2019
2021: €85k▼ -57.4% vs 2020
2022: €19k▼ -77.7% vs 2021lowest in 8 years
2023: €457k▲ +2318% vs 2022
2024: €641k▲ +40.1% vs 2023highest in 8 years
2025: €387k▼ -39.6% vs 2024
2018 → 2025
Working capital
€1.82M▲ 3.1%
2024 · €1.76M
2018: €589klowest in 8 years
2019: €704k▲ +19.5% vs 2018
2020: €930k▲ +32.1% vs 2019
2021: €855k▼ -8.0% vs 2020
2022: €982k▲ +14.8% vs 2021
2023: €1.15M▲ +16.8% vs 2022
2024: €1.76M▲ +53.5% vs 2023
2025: €1.82M▲ +3.1% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.05M-€1.07M▲ 1.8%€1.18M▲ 10.5%€1.83M▲ 54.1%€1.85M▲ 1.2%
2021: €1.05Mlowest in 5 years
2022: €1.07M▲ +1.8% vs 2021
2023: €1.18M▲ +10.5% vs 2022
2024: €1.83M▲ +54.1% vs 2023
2025: €1.85M▲ +1.2% vs 2024highest in 5 years
Operating result€133k-€27k▼ 79.8%€633k▲ 2,268%€924k▲ 45.9%€544k▼ 41.2%
2021: €133k
2022: €27k▼ -79.8% vs 2021lowest in 5 years
2023: €633k▲ +2268% vs 2022
2024: €924k▲ +45.9% vs 2023highest in 5 years
2025: €544k▼ -41.2% vs 2024
Net result€85k-€19k▼ 77.7%€457k▲ 2,318%€641k▲ 40.1%€387k▼ 39.6%
2021: €85k
2022: €19k▼ -77.7% vs 2021lowest in 5 years
2023: €457k▲ +2318% vs 2022
2024: €641k▲ +40.1% vs 2023highest in 5 years
2025: €387k▼ -39.6% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 41% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.98M
Fixed assets
€32k ▼ 50.5%
Current assets
€1.95M =
Equity and liabilities €1.98M
Equity
€1.85M ▲ 1.2%
Debt
€137k ▼ 28.3%
Debt's share of the balance-sheet total falls from 9.5% to 6.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€576k▼
2024 · €958k
Cash flow
€419k▼
2024 · €674k
Current ratio
14.28▲
2024 · 10.25
Debt to equity
0.07▼
2024 · 0.10
ROE
20.9%▼
2024 · 35.1%
ROA
19.5%▼
2024 · 31.8%
Interest coverage
2655.96▼
2024 · 4631.69
Debt ≤ 1 year
€137k▼
2024 · €191k
Income taxes
€174k▼
2024 · €295k
Staff costs
€233k▼
2024 · €237k
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 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.02M€1.98M▼
Fixed assets21/28€64k€32k▼
Tangible fixed assets22/27€64k€32k▼
Land and buildings22€0€0=
Plant, machinery and equipment23€0€0▼
Furniture and vehicles24€64k€32k▼
Other tangible fixed assets26€0€0=
Current assets29/58€1.95M€1.95M=
Stocks and contracts in progress3€6k-
Stocks30/36€6k-
Amounts receivable within one year40/41€111k€86k▼
Trade receivables40€111k€86k▼
Current investments50/53€1.37M€1.79M▲
Cash at bank and in hand54/58€464k€76k▼
Equity and liabilities
Total equity and liabilities10/49€2.02M€1.98M▼
Equity10/15€1.83M€1.85M▲
Contributions10/11€19k€19k=
Reserves13€1.68M€1.70M▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€1.68M€1.70M▲
Profit (loss) carried forward14€125k€125k=
Amounts payable17/49€191k€137k▼
Amounts payable within one year42/48€191k€137k▼
Trade debts44€88k€65k▼
Suppliers440/4€88k€65k▼
Taxes, remuneration and social security45€80k€49k▼
Taxes450/3€67k€35k▼
Remuneration and social security454/9€13k€13k▲
Other amounts payable47/48€22k€23k▲
Income statement
Code20242025
Non-recurring operating income76A-€8k
Remuneration, social security and pensions62€237k€233k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34k€32k▼
Other operating charges640/8€12k€13k▲
Gross operating margin9900€1.21M€822k▼
Operating profit (loss)9901€924k€544k▼
Financial income75/76B€11k€18k▲
Recurring financial income75€11k€18k▲
Financial charges65/66B€207€217▲
Recurring financial charges65€207€217▲
Profit (loss) for the period before taxes9903€936k€561k▼
Income taxes67/77€295k€174k▼
Profit (loss) for the period9904€641k€387k▼
Profit (loss) for the period to be appropriated9905€641k€387k▼
Appropriation of the result
Profit (loss) to be appropriated9906€765k€511k▼
Profit (loss) brought forward from the previous period14P€125k€125k=
Transfer from equity791/2-€365k
Transfer to equity691/2€641k€387k▼
To other reserves6921€641k€387k▼
Profit to be distributed694/7-€365k
Return on contributions (dividend)694-€365k
Social balance
Average headcount (FTE)90876.46.0▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €8k | - |
| Remuneration, social security and pensions62 | €196k | €202k | €217k | €237k | €233k | ▼ 1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €125k | €67k | €34k | €34k | €32k | ▼ 3.9% |
| Other operating charges640/8 | €10k | €18k | €11k | €12k | €13k | ▲ 8.7% |
| Gross operating margin9900 | €464k | €314k | €897k | €1.21M | €822k | ▼ 31.9% |
| Operating profit (loss)9901 | €133k | €27k | €633k | €924k | €544k | ▼ 41.2% |
| Financial income75/76B | €3k | €119 | €2k | €11k | €18k | ▲ 53.3% |
| Recurring financial income75 | €3k | €119 | €2k | €11k | €18k | ▲ 53.3% |
| Financial charges65/66B | €2k | €587 | €205 | €207 | €217 | ▲ 4.8% |
| Recurring financial charges65 | €2k | €587 | €205 | €207 | €217 | ▲ 4.8% |
| Profit (loss) for the period before taxes9903 | €134k | €26k | €636k | €936k | €561k | ▼ 40.0% |
| Income taxes67/77 | €49k | €7k | €178k | €295k | €174k | ▼ 40.9% |
| Profit (loss) for the period9904 | €85k | €19k | €457k | €641k | €387k | ▼ 39.6% |
| Profit (loss) for the period to be appropriated9905 | €85k | €19k | €457k | €641k | €387k | ▼ 39.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.39M | €1.20M | €1.31M | €2.02M | €1.98M | ▼ 1.6% |
| Fixed assets21/28 | €198k | €90k | €97k | €64k | €32k | ▼ 50.5% |
| Tangible fixed assets22/27 | €198k | €90k | €97k | €64k | €32k | ▼ 50.5% |
| Land and buildings22 | - | €0 | €0 | €0 | €0 | - |
| Plant, machinery and equipment23 | €54k | €9k | €9k | €0 | €0 | ▼ 100% |
| Furniture and vehicles24 | €144k | €81k | €88k | €64k | €32k | ▼ 50.5% |
| Other tangible fixed assets26 | - | €0 | €0 | €0 | €0 | - |
| Current assets29/58 | €1.19M | €1.11M | €1.22M | €1.95M | €1.95M | = |
| Stocks and contracts in progress3 | €25k | €36k | €11k | €6k | - | - |
| Stocks30/36 | €25k | €36k | €11k | €6k | - | - |
| Amounts receivable within one year40/41 | €116k | €62k | €5k | €111k | €86k | ▼ 22.5% |
| Trade receivables40 | €62k | €8k | €205 | €111k | €86k | ▼ 22.5% |
| Other amounts receivable41 | €54k | €54k | €5k | - | - | - |
| Current investments50/53 | €490k | €490k | €990k | €1.37M | €1.79M | ▲ 30.7% |
| Cash at bank and in hand54/58 | €556k | €525k | €210k | €464k | €76k | ▼ 83.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.39M | €1.20M | €1.31M | €2.02M | €1.98M | ▼ 1.6% |
| Equity10/15 | €1.05M | €1.07M | €1.18M | €1.83M | €1.85M | ▲ 1.2% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €995k | €930k | €1.04M | €1.68M | €1.70M | ▲ 1.3% |
| Non-distributable reserves130/1 | €995k | €930k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Other1319 | €993k | €928k | - | - | - | - |
| Distributable reserves133 | - | - | €1.04M | €1.68M | €1.70M | ▲ 1.3% |
| Profit (loss) carried forward14 | €40k | €124k | €125k | €125k | €125k | = |
| Amounts payable17/49 | €332k | €130k | €129k | €191k | €137k | ▼ 28.3% |
| Amounts payable within one year42/48 | €332k | €130k | €69k | €191k | €137k | ▼ 28.3% |
| Current portion of amounts payable after more than one year42 | €69k | - | - | - | - | - |
| Trade debts44 | €247k | €116k | €18k | €88k | €65k | ▼ 26.9% |
| Suppliers440/4 | €247k | €116k | €18k | €88k | €65k | ▼ 26.9% |
| Taxes, remuneration and social security45 | €6k | €7k | €35k | €80k | €49k | ▼ 39.0% |
| Taxes450/3 | €6k | €7k | €21k | €67k | €35k | ▼ 47.5% |
| Remuneration and social security454/9 | - | €0 | €15k | €13k | €13k | ▲ 5.8% |
| Other amounts payable47/48 | €10k | €7k | €16k | €22k | €23k | ▲ 5.2% |
| Accrued charges and deferred income492/3 | - | - | €60k | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €85k | €19k | €457k | €641k | €387k | ▼ 39.6% |
| + Depreciation and write-downs630 | €125k | €67k | €34k | €34k | €32k | ▼ 3.9% |
| Operating cash flow (approximation) | €210k | €86k | €492k | €674k | €419k | ▼ 37.9% |
| Investment in fixed assets (approximation) | - | €41k | €-41k | €0 | €0 | - |
| Change in cash | - | €-31k | €-315k | €254k | €-388k | ▼ 253% |
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
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
20-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €641k ▲40.1%
Operating result €924k, net result €641k, both a record.
20-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity doublescurrent ratio 17.68
Current ratio from 8.54 to 17.68; short-term debt falls from €130k to €69k.
16-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €19k ▼77.7%
Net result drops to €19k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 8.54
Current ratio from 3.57 to 8.54; short-term debt falls from €332k to €130k.
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €1MEq €1.05M ▲8.7%
4 profitable years in a row build equity to €1.05M.
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
04-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 4 days late
Show earlier events
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
10-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 10 days late
2017
31-07
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 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, Puurs-Sint-Amands · 1 establishment unit since 2008
Ground area
141 m²
Building footprint
141 m²
Volume, LiDAR
732 m³
Parcel 12028C0290/00H000, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LVR
since 20082.175.262.711
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12028C0290/00H000 | Flanders | 140 m² | 1 · 140 m² | 9.2 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.
Recognitions · licences · registrations
Food safety, FASFC
1 sitePuurs-Sint-Amands2.175.262.711
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Of 3,622 companies in sector 01130 we hold annual accounts for 789. 523 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
Founded08-12-2008
Fiscal year end31-12
Activities, NACEBEL 2025
01130Growing of vegetables, melons, roots and tubers
Scores and ratios are computed by Checked and are not a credit decision.