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LCV Development

Active
Public limited companyfounded 1988active for 37 yearsKouter (E.) 3, 9790 Wortegem-Petegem, BelgiumKBO/BCE: BE 0435.582.062
Summary

LCV Development has been active since 1988 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.6m and a net result of €1.9m. Equity is shrinking by about 26% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2026. Its solvency ranks better than 31% of 5,708 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Activity
Buying and selling of own real estate
NACE 68110Development of non-residential building projects NACE 68122Renting and operating of own or leased residential real estate, excluding social housing NACE 68201
#6 company by total assets in Wortegem-Petegem, Real estate sector1 site
Size
€4.7mturnover 2025
Staff
0.3 FTE
Equity
€1.6m
Profit
€1.9m
Financial health
95 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Structure
Parent
BENCOS INVEST · 98.53%
Holdings
1
  • IMMO WINADirector · permanent representative NAESSENS Willy
Accounts 47 days early1 of 12 deeds read
Why 95raises riskLiquidity: current ratio 1.04, cash €72,141lowers riskSize: turnover €4.7m, 0.3 FTE, total assets €8.8mFounded in 1988Sector: Real estate activities (NACE 68)Show the evidence

Checked score

Score 2025
95 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 59% of its sector peers (NACE 68, micro)
Financial strength · tick = 2024
Average
Solvency 44+25
equity 18.7% of total assets
Liquidity 7+6
short-term debt 81.2% · cash 0.8%
Profitability 97+92
return on assets 21.8%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (26,549 companies, NACE 68, micro)
Last 24 months 11-2024: 1.0% 12-2024: 1.0%● unchanged vs 11-2024 01-2025: 1.0%● unchanged vs 12-2024 02-2025: 1.0%● unchanged vs 01-2025 03-2025: 1.1%▲ +0.1 percentage points vs 02-2025 04-2025: 1.3%▲ +0.2 percentage points vs 03-2025 05-2025: 1.7%▲ +0.4 percentage points vs 04-2025 06-2025: 2.2%▲ +0.5 percentage points vs 05-2025 07-2025: 3.6%▲ +1.4 percentage points vs 06-2025highest value 08-2025: 0.9%▼ -2.7 percentage points vs 07-2025 09-2025: 0.9%● unchanged vs 08-2025 10-2025: 0.9%● unchanged vs 09-2025 11-2025: 0.5%▼ -0.4 percentage points vs 10-2025 12-2025: 0.5%● unchanged vs 11-2025 01-2026: 0.5%● unchanged vs 12-2025 02-2026: 0.5%● unchanged vs 01-2026 03-2026: 0.5%● unchanged vs 02-2026 04-2026: 0.5%● unchanged vs 03-2026 05-2026: 0.5%● unchanged vs 04-2026 06-2026: 0.6%▲ +0.1 percentage points vs 05-2026 07-2026: 0.1%▼ -0.5 percentage points vs 06-2026lowest value 08-2026: 0.1%● unchanged vs 07-2026lowest value 09-2026: 0.1%● unchanged vs 08-2026lowest value 10-2026: 0.1%● unchanged vs 09-2026lowest value
Credit of up to €150,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.04, compared with 0.69 in 2024; short-term debt: 81.2% and cash: 0.8% of total assets), and 81.3% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 68, micro): better than 39% on solvency, 9% on liquidity, 89% on profitability and 99% on growth.

The bankruptcy probability was computed on 08-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
−lowers risk+raises risk○neutral
lowers risk · Size: turnover €4.7m, 0.3 FTE, total assets €8.8m
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 1.04, cash €72,141
NBB · annual accounts
lowers risk · Founded in 1988
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
lowers risk · Sector: Real estate activities (NACE 68)
KBO
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 14-06-2026, 47 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
47 days early
2024
32 days early
2023
195 days early
2022
27 days early
2021
33 days early
2020
36 days early
2019
44 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 59 days before the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Where today falls in the filing period
09-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Back to profitnet €1.9m
  3. Equity above €1mequity €1.6m

Key points

  • Positive: Back in profit in 2025after -€463,230 in 2024 €1.9m View
  • Positive: Among the best 5% on net resultsector median €21,224 · 5,714 companies €1.9m View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Controlled by BENCOS INVESTitself parent of 1 companies 98.53% View

By topic

Financials

Financial year
2025
Turnover
€4.7m
Profit
€1.9m
Solvency
18.7%
Turnover
Net result
20192025
Go to Financials

Timeline

Events
41
Since
1990
Next accounts
by 31-07-2027
  1. 01-10-2025Permanent representatives: DEROOSE Dirk and NAESSENS Veerle
  2. 29-06-2025Annual accounts filed
  3. 31-12-2024Weakest financial year
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Buying and selling of own real estateNACE 68110
Founded
19-10-1988
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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