LVVb
ActiveSummary
LVVb has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €17,666 and a net result of €21,157. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 60% of 11,772 sector peers (NACE 71, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 27-01-2022 Normal situation
- Activity
- Activities of building architects NACE 71111
- Establishment unit
- 2.327.563.993 1140 Evere, since 27-01-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 20-10-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Turnover
- €87,303
- ▲ 20.4%
- Profit
- €21,157
- Equity
- €17,666
- Total assets
- €27,809
- ▲ 381%
Score breakdownraises riskSize: turnover €87,303, total assets €27,809lowers riskSector: Architectural and engineering activities; technical testing and analysis (NACE 71)Liquidity: current ratio 2.56, cash €26,014Figures for financial year 2025 (filed on 29-05-2026)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 71, micro). It does better than 62% of them on solvency, 73% on liquidity, 88% on profitability and 89% on growth.
The bankruptcy probability was computed on 02-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 4 accounts on average 46 days before the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 29-05-2026 PDF all 4 filings
Every figure per financial year
The operating result for 2025 is a profit of €23,744, after a loss of €7,269 in 2024. It is the highest result since 2022.
Investments
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | €2,442 | €1,618 | - | €1,127 |
| Depreciation and write-downs of the year | €1,710 | €249 | €592 | €842 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Turnover70 | - | €65,655 | €72,502 | €87,303 | ▲ 20.4% |
| Goods, raw materials, services and sundry goods60/61 | - | €71,274 | €77,999 | €61,901 | ▼ 20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,710 | €249 | €592 | €842 | ▲ 42.3% |
| Other operating charges640/8 | €348 | €778 | €795 | €815 | ▲ 2.6% |
| Non-recurring operating charges66A | - | - | €386 | - | - |
| Gross operating margin9900 | €15,755 | -€5,620 | -€5,497 | €25,402 | - |
| Operating profit (loss)9901 | €13,697 | -€6,648 | -€7,269 | €23,744 | - |
| Financial income75/76B | - | €1 | - | €22 | - |
| Recurring financial income75 | - | €1 | - | €22 | - |
| Financial charges65/66B | €68 | €134 | €97 | €109 | ▲ 12.3% |
| Recurring financial charges65 | €68 | €134 | €97 | €109 | ▲ 12.3% |
| Profit (loss) for the period before taxes9903 | €13,629 | -€6,781 | -€7,367 | €23,657 | - |
| Income taxes67/77 | €3,285 | - | €2,688 | €2,500 | ▼ 7.0% |
| Profit (loss) for the period9904 | €10,344 | -€6,781 | -€10,055 | €21,157 | - |
| Profit (loss) for the period to be appropriated9905 | €10,344 | -€6,781 | -€10,055 | €21,157 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €27,414 | €15,340 | €5,780 | €27,809 | ▲ 381% |
| Fixed assets21/28 | €733 | €2,101 | €1,510 | €1,795 | ▲ 18.9% |
| Tangible fixed assets22/27 | €733 | €2,101 | €1,510 | €1,795 | ▲ 18.9% |
| Plant, machinery and equipment23 | €733 | €2,101 | €1,510 | €918 | ▼ 39.2% |
| Furniture and vehicles24 | - | - | - | €877 | - |
| Current assets29/58 | €26,681 | €13,239 | €4,270 | €26,014 | ▲ 509% |
| Amounts receivable within one year40/41 | €4,475 | €1,484 | €1,500 | - | - |
| Trade receivables40 | €4,475 | €1,484 | €1,500 | - | - |
| Cash at bank and in hand54/58 | €22,206 | €11,755 | €2,770 | €26,014 | ▲ 839% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €27,414 | €15,340 | €5,780 | €27,809 | ▲ 381% |
| Equity10/15 | €13,344 | €6,563 | -€3,491 | €17,666 | - |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Contributions outside capital11 | - | €3,000 | - | - | - |
| Other1109/19 | - | €3,000 | - | - | - |
| Reserves13 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Tax-exempt reserves132 | €5,000 | - | - | - | - |
| Distributable reserves133 | - | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | €5,344 | -€1,437 | -€11,491 | €9,666 | - |
| Amounts payable17/49 | €14,070 | €8,777 | €9,271 | €10,143 | ▲ 9.4% |
| Amounts payable within one year42/48 | €14,070 | €8,777 | €9,271 | €10,143 | ▲ 9.4% |
| Trade debts44 | €3,719 | €1,912 | €6,882 | €45 | ▼ 99.3% |
| Suppliers440/4 | €3,719 | €1,912 | €6,882 | €45 | ▼ 99.3% |
| Taxes, remuneration and social security45 | €7,608 | €5,760 | €1,571 | €7,996 | ▲ 409% |
| Taxes450/3 | €7,608 | €5,760 | €1,571 | €3,975 | ▲ 153% |
| Remuneration and social security454/9 | - | - | - | €4,021 | - |
| Other amounts payable47/48 | €2,743 | €1,105 | €819 | €2,102 | ▲ 157% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,344 | -€6,781 | -€10,055 | €21,157 | - |
| + Depreciation and write-downs630 | €1,710 | €249 | €592 | €842 | ▲ 42.3% |
| Operating cash flow (approximation) | €12,054 | -€6,531 | -€9,463 | €21,999 | - |
| Investment in fixed assets (approximation) | - | -€1,618 | €0 | -€1,127 | - |
| Change in cash | - | -€10,451 | -€8,986 | €23,244 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 39,278 companies had the same profile as LVVb has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of LVVb itself is lower: 0.1% within 12 months. It rests on far more data about LVVb than the profile alone.
Test of the method
The method was tested on the 497,446 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 39,278 companies, not a prediction for LVVb. 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.
Board & ownership
Directors
Owners and capital
Owners
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| CHIRITA Adina |
|
| CRISAN Cristian Iuliu |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Avec ou sans limitation de durée, tout actionnaire architecte peut postuler”
Articles of association, deed of 31-01-2022 (in French)
Network & group
LVVb shares no director with another company.
Connections & network
2 current directorsThe network starts from the directors of LVVb. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
31-01
Gazette deed
IncorporationAppointments: CRISAN Cristian Iuliu (director) and CHIRITA Adina (administratrice suppléante) · Founder · Founding capital9 points ▸
- Incorporation, 26-01-2022
- Founder, CRISAN Cristian Iuliu
- Founding capital, €3,000
- Bank account, “société en formation, libération del'apport en numéraire” (deed in French)
- Share issue, “même classe”, 100 (deed in French)
- Other provision, “absence d'interdiction, n'être frappé d'aucune mesure d'interdiction temporaire ou définitive” (deed in French)
- Director appointment, CRISAN Cristian Iuliu (director)
- Director appointment, CHIRITA Adina (administratrice suppléante)
- Pre-incorporation commitments, “takeover, tous engagements,obligations et activités entrepris au nom et pour compte de la société en formation” (deed in French)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21372C0108/00A010 | Brussels | 326 m² | 1 · 113 m² | 11.6 m · 3 |