Checked.be
Active
BE 0503.891.442Private limited company
LCS MANAGEMENT
Avenue des Sorbiers 3 ·1410 Waterloo, Belgium· 13 yrs active
Sector: Business and other management consultancy
(70200)
Conclusion
LCS MANAGEMENT has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €42k and a net result of €11k. Equity is growing by ~49.9% per year across the filed fiscal years. Its solvency ranks better than 94% of 4625 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €42k |
| Net result | €11k |
| Better than sector | 94% |
| Active | 13 yrs |
Financial profile
94
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
93
Profitability
100
Solvency
100
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2013, 13 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
93
/ 100
Excellent
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€4k
estimate, not credit advice
Score history
25
2020
86
2021
85
2022
85
2023
93
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 37.44 (≥ 1.5)
+10
Quick ratio
Quick ratio 37.44 (≥ 1.0)
+5
Leverage
Debt/equity 0.03 (< 1.0)
+10
Profitability
ROE 25% (≥ 10%)
+10
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 23-06-2025 with the NBB · fiscal year 2024 · full schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~49.9%/year over 5 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 70, Activities of head offices; management consultancy activities · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 97.3% | 48.8% | |
| Net result | €11k | €45k | |
| Equity | €42k | €529k | |
| Gross operating margin | €14k | €82k | |
| Total assets | €43k | €1.52M |
€6k
-
20-24
€11k
+17.3%
20-24
€43k
+25.9%
20-24
€42k
+34.2%
20-24
€42k
+34.2%
20-24
€301
-
20-24
€3k
+10.2%
20-24
€1k
-61.5%
20-24
€1k
-61.5%
20-24
37.44
+226.8%
20-24
37.44
+226.8%
20-24
97.3%
+6.6%
20-24
0.03
-71.3%
20-24
25.5%
-12.6%
20-24
24.8%
-6.8%
20-24
-183.1%
-
20-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Deposit | full schema | full schema | full schema | full schema | full schema |
| Revenue | - | - | - | - | €6k |
| EBITDA | - | - | - | - | - |
| Net profit | €11k | €9k | €11k | €15k | €-11k |
| Cash flow | - | - | - | - | - |
| Staff costs | - | - | €301 | - | - |
| Income taxes | €3k | €3k | - | - | - |
| Dividends | - | - | - | - | - |
| Total assets | €43k | €34k | €25k | €28k | €13k |
| Equity | €42k | €31k | €22k | €11k | €-4k |
| Debt | €1k | €3k | €2k | €17k | €17k |
| of which ≤ 1y | €1k | €3k | €2k | €16k | €16k |
| of which > 1y | - | - | - | - | - |
| Working capital | €42k | €31k | €22k | €12k | €-4k |
| Employees (FTE) | - | - | - | - | - |
Ratios (computed)
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Current ratio | 37.44 | 11.46 | 10.00 | 1.73 | 0.77 |
| Quick ratio | 37.44 | 11.46 | 10.00 | 1.73 | 0.77 |
| Working capital ratio | 97.3% | 91.3% | 90.0% | 42.0% | -29.3% |
| Solvency | 97.3% | 91.3% | 90.0% | 38.3% | -33.9% |
| Debt / equity | 0.03 | 0.10 | 0.11 | 1.61 | - |
| Long-term debt ratio | - | - | - | - | - |
| Interest coverage | - | - | - | - | - |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | -183.1% |
| ROA | 24.8% | 26.6% | 46.4% | 53.6% | -87.3% |
| ROE | 25.5% | 29.2% | 51.6% | 139.9% | 257.4% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | 751d |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2024
Full annual accounts (21 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €43k | €34k | €25k | €28k | €13k |
| Current assets | 29/58 | €43k | €34k | €25k | €28k | €13k |
| Amounts receivable within one year | 40/41 | €28k | €21k | €23k | €25k | €12k |
| Cash & bank | 54/58 | €15k | €13k | €1k | €3k | €227 |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €43k | €34k | €25k | €28k | €13k |
| Equity | 10/15 | €42k | €31k | €22k | €11k | €-4k |
| Contributions / capital | 10/11 | €6k | €6k | €6k | €6k | €6k |
| Reserves | 13 | €517 | €517 | €517 | €517 | €517 |
| Accumulated profits (losses) | 14 | €35k | €24k | €15k | €4k | €-11k |
| Amounts payable | 17/49 | €1k | €3k | €2k | €17k | €17k |
| Amounts payable within one year | 42/48 | €1k | €3k | €2k | €16k | €16k |
| Trade debts payable within one year | 44 | €245 | €1k | €409 | - | €110 |
| Income statement | ||||||
| Turnover | 70 | - | - | - | - | €6k |
| Gross operating margin | 9900 | €14k | €12k | €12k | €16k | €5k |
| Operating result | 9901 | €14k | €12k | €11k | €15k | €5k |
| Financial income | 75 | €344 | €343 | €343 | €327 | €320 |
| Financial charges | 65 | €96 | €116 | €18 | €532 | €547 |
| Result before taxes | 9903 | €14k | €12k | €11k | €15k | €5k |
| Income taxes | 67/77 | €3k | €3k | - | - | - |
| Net result for the period | 9904 | €11k | €9k | €11k | €15k | €5k |
| Result to be appropriated | 9905 | €11k | €9k | €11k | €15k | €5k |
Legal Structure
| NACE primary | Business and other management consultancy(70200) |
| Legal form | Private limited company(610) |
| Incorporation | 06-02-2013 |
| Status | Active |
| Postal code | 1410 |
Establishment units
LCS MANAGEMENT
since 20132.216.662.410
Real-estate footprint
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25110A0087/00A000 | Wallonia | 119 m² | 1 · 52 m² | 10.8 m · 3 fl. |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Liquidity triplescurrent ratio 37.44
Current ratio from 11.46 to 37.44; short-term debt falls from €3k to €1k.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Liquidity times 6current ratio 10.00
Current ratio from 1.73 to 10.00; short-term debt falls from €16k to €2k.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 1.73
Current ratio from 0.77 to 1.73; short-term debt falls from €16k to €16k.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
04-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 4 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Business and other management consultancy70200Business consulting70220Agents in the wholesale of furniture, household goods and hardware46150Activities of head offices; management consultancy activities70210Public relations and communication consultancy73300Other professional, scientific and technical activities74901Agents and managers of artists, athletes and other public figures74991Renting and leasing of sports and recreation goods77210Other sports activities93199
Names & trade names
| Legal nameFR | LCS MANAGEMENT |
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