LYS
ActiveSummary
LYS has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €68.2m and a net result of €1.4m. Equity remains stable across the filed fiscal years (±1.4% per year). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability21▼-4
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000,000 at 30 days acceptable
Liquidity ample (current ratio 4.76; short-term debt: 3.6% and cash: 1.8% of total assets), and 7.6% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
92.4%
Return on assets
1.9%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 9 filingsDeviation from the deadline
2025
27 d late
2024
on the day
2023
5 d early
2022
42 d early
2021
29 d late
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 10 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
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. Usually files around 31 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€1.4m▼ 57.2%
2024 · €3.3m
Working capital
€10.0m▼ 28.1%
2024 · €13.8m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€7,557-€347,842-€209,797▲ 39.7%-€169,984▲ 19.0%-€185,623▼ 9.2%
Net result€65,787▼ 55.3%€3.6m▲ 5,400%-€5.8m€3.3m€1.4m▼ 57.2%
Equity€79.0m▲ 0.1%€82.7m▲ 4.6%€76.9m▼ 7.0%€69.5m▼ 9.7%€68.2m▼ 1.9%
Total assets€80.2m▲ 1.2%€83.0m▲ 3.5%€76.9m▼ 7.3%€69.5m▼ 9.6%€73.8m▲ 6.1%
Debt€1.2m▲ 314%€340,363▼ 71.0%€2,272▼ 99.3%€62,867▲ 2,666%€5.6m▲ 8,880%
Working capital€17.3m▲ 0.5%€20.9m▲ 20.8%€23.5m▲ 12.3%€13.8m▼ 41.1%€10.0m▼ 28.1%
Why a figure moved sharply
- 2022 Net result +5,400% on 2021. The accounts now follow the full schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €185,623 in 2025 against €169,984 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €73.8m
Fixed assets
€61.2m ▲ 10.0%
Current assets
€12.6m ▼ 9.4%
Equity and liabilities €73.8m
Equity
€68.2m ▼ 1.9%
Debt
€5.6m ▲ 8,880%
Debt's share of the balance-sheet total rises from 0.1% to 7.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€185,615▼
2024 · -€169,900
Cash flow
€1.4m▼
2024 · €3.3m
Current ratio
4.76
Debt to equity
0.08▲
2024 · 0.00
ROE
2.0%▼
2024 · 4.7%
ROA
1.9%▼
2024 · 4.7%
Interest coverage
-2.76▲
2024 · -17.28
Debt ≤ 1 year
€2.6m▲
2024 · €62,690
Debt > 1 year
€3.0m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,628 | €681 | €138 | €84 | €8 | ▼ 91.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€15,815 | €183,532 | - | - | - | - |
| Other operating charges640/8 | €10,877 | €4,321 | €6,238 | €8,584 | €7,565 | ▼ 11.9% |
| Gross operating margin9900 | €5,247 | -€159,308 | -€203,421 | -€161,316 | -€178,050 | ▼ 10.4% |
| Operating profit (loss)9901 | €7,557 | -€347,842 | -€209,797 | -€169,984 | -€185,623 | ▼ 9.2% |
| Financial income75/76B | €109,779 | €4.5m | €2.7m | €3.4m | €1.6m | ▼ 52.1% |
| Recurring financial income75 | €109,779 | €4.5m | €2.7m | €1.2m | €1.6m | ▲ 35.8% |
| Non-recurring financial income76B | - | - | - | €2.2m | - | - |
| Financial charges65/66B | €44,970 | €210,582 | €8.2m | €9,835 | €67,356 | ▲ 585% |
| Recurring financial charges65 | €44,970 | €210,582 | -€103,435 | €9,835 | €67,356 | ▲ 585% |
| Non-recurring financial charges66B | - | - | €8.3m | - | - | - |
| Profit (loss) for the period before taxes9903 | €72,366 | €4.0m | -€5.8m | €3.3m | €1.4m | ▼ 57.2% |
| Income taxes67/77 | €6,579 | €361,833 | -€0 | - | - | - |
| Profit (loss) for the period9904 | €65,787 | €3.6m | -€5.8m | €3.3m | €1.4m | ▼ 57.2% |
| Profit (loss) for the period to be appropriated9905 | €65,787 | €3.6m | -€5.8m | €3.3m | €1.4m | ▼ 57.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €80.2m | €83.0m | €76.9m | €69.5m | €73.8m | ▲ 6.1% |
| Fixed assets21/28 | €61.7m | €61.7m | €53.4m | €55.6m | €61.2m | ▲ 10.0% |
| Tangible fixed assets22/27 | €912 | €231 | €92 | €8 | - | - |
| Furniture and vehicles24 | €912 | €231 | €92 | €8 | - | - |
| Financial fixed assets28 | €61.7m | €61.7m | €53.4m | €55.6m | €61.2m | ▲ 10.0% |
| Current assets29/58 | €18.5m | €21.3m | €23.5m | €13.9m | €12.6m | ▼ 9.4% |
| Amounts receivable after more than one year29 | €5.7m | €6.6m | €7.4m | €617,428 | €642,982 | ▲ 4.1% |
| Other amounts receivable291 | €5.7m | €6.6m | €7.4m | €617,428 | €642,982 | ▲ 4.1% |
| Amounts receivable within one year40/41 | €466,652 | €446,429 | €102,480 | €213,430 | €400,261 | ▲ 87.5% |
| Other amounts receivable41 | €466,652 | €446,429 | €102,480 | €213,430 | €400,261 | ▲ 87.5% |
| Current investments50/53 | €7.0m | €12.8m | €12.5m | €12.7m | €10.2m | ▼ 20.2% |
| Cash at bank and in hand54/58 | €5.2m | €1.4m | €3.4m | €313,619 | €1.3m | ▲ 330% |
| Deferred charges and accrued income490/1 | €75,699 | €103,046 | €98,989 | €25,554 | €33,663 | ▲ 31.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €80.2m | €83.0m | €76.9m | €69.5m | €73.8m | ▲ 6.1% |
| Equity10/15 | €79.0m | €82.7m | €76.9m | €69.5m | €68.2m | ▼ 1.9% |
| Contributions10/11 | €64.7m | €64.7m | €64.7m | €64.7m | €64.7m | = |
| Capital10 | - | - | €64.7m | €64.7m | €64.7m | = |
| Issued capital100 | - | - | €64.7m | €64.7m | €64.7m | = |
| Reserves13 | €14.3m | €17.9m | €17.9m | €7.2m | €4.5m | ▼ 37.3% |
| Non-distributable reserves130/1 | €704,343 | €885,260 | €885,260 | €885,260 | €885,260 | = |
| Legal reserve130 | - | - | - | €885,260 | €885,260 | = |
| Reserves not available under the articles1311 | €704,343 | €885,260 | €885,260 | - | - | - |
| Distributable reserves133 | €13.6m | €17.0m | €17.0m | €6.3m | €3.7m | ▼ 42.5% |
| Profit (loss) carried forward14 | - | - | -€5.8m | -€2.5m | -€1.1m | ▲ 55.5% |
| Amounts payable17/49 | €1.2m | €340,363 | €2,272 | €62,867 | €5.6m | ▲ 8,880% |
| Amounts payable after more than one year17 | - | - | - | - | €3.0m | - |
| Financial debts170/4 | - | - | - | - | €3.0m | - |
| Amounts payable within one year42/48 | €1.2m | €340,301 | €2,272 | €62,690 | €2.6m | ▲ 4,120% |
| Trade debts44 | €13,190 | - | €2,162 | - | €18,150 | - |
| Suppliers440/4 | €13,190 | - | €2,162 | - | €18,150 | - |
| Taxes, remuneration and social security45 | €33,807 | €340,191 | - | - | - | - |
| Taxes450/3 | €33,807 | €340,191 | - | - | - | - |
| Other amounts payable47/48 | €1.1m | €110 | €110 | €62,690 | €2.6m | ▲ 4,091% |
| Accrued charges and deferred income492/3 | €10,715 | €62 | - | €177 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €65,787 | €3.6m | -€5.8m | €3.3m | €1.4m | ▼ 57.2% |
| + Depreciation and write-downs630 | €2,628 | €681 | €138 | €84 | €8 | ▼ 91.0% |
| Operating cash flow (approximation) | €68,415 | €3.6m | -€5.8m | €3.3m | €1.4m | ▼ 57.2% |
| Investment in fixed assets (approximation) | - | €0 | €8.3m | -€2.2m | -€5.6m | ▼ 151% |
| Change in cash | - | -€3.8m | €2.0m | -€3.1m | €1.0m | ▲ 134% |
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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 27 days late
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €3.3m
Net result €3.3m after one loss-making year.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet -€5.8m
Net result drops to -€5.8m, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 166current ratio 10343.16
Current ratio from 62.48 to 10343.16; short-term debt falls from €340,301 to €2,272.
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Liquidity quadruplescurrent ratio 62.48
Current ratio from 15.87 to 62.48; short-term debt falls from €1.2m to €340,301.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Liquidity times 6current ratio 62.89
Current ratio from 10.99 to 62.89; short-term debt falls from €1.1m to €271,647.
09-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 131 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are 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, Ukkel · 1 establishment unit since 2019
Ground area
4,502 m²
Building footprint
330 m²
Volume, LiDAR
3,243 m³
Parcel 21614H0056/02X064, Brussels · tallest building 15.0 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
LYS
since 20192.289.265.821
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21614H0056/02X064 | Brussels | 4,502 m² | 1 · 330 m² | 15.0 m · 3 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
26.6%
According to the 2025 annual accounts of LYS and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
967600G0A5X4PJDERE35
Identification & contact
Identification
Legal formPublic limited company
Founded14-10-2016
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0664634496
Registered
23-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.